2015-05-14T15:19:25-05:00 2014-06-30 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD STE 700 LOS ANGELES CA 900243783 990 2013-07-01 952113260 MARYMOUNT CALIFORNIA UNIVERSITY MARY 3103775501 30800 PALOS VERDES DRIVE EAST RANCHO PALOS VERDES CA 902756273 JIM REEVES VP FINANCE & ADMINISTRATION 3103775501 2015-05-12 1 NAZANIN BENYAMINI P00666808 3104773924 2015-05-08 2013 2016-02-25 16:41:14Z DR MICHAEL BROPHY 30800 PALOS VERDES DRIVE EAST RANCHO PALOS VERDES CA 902756273 39924645 0 0928 X WWW.MARYMOUNTCALIFORNIA.EDU X 1968 CA MARYMOUNT WELCOMES STUDENTS OF ALL FAITHS AND BACKGROUNDS INTO A QUALITY, VALUES-BASED EDUCATION. 21 20 616 21 0 0 1748302 865844 34658350 37832735 1346816 460418 115623 -3804581 37869091 35354416 10626821 11239055 0 0 13476732 14909649 0 0 745042 11579166 14954744 35682719 41103448 2186372 -5749032 53267933 47946853 15993840 18076412 37274093 29870441 X MARYMOUNT COLLEGE WELCOMES STUDENTS OF ALL FAITHS AND BACKGROUNDS INTO A QUALITY, VALUES-BASED EDUCATION. WE FOSTER A STUDENT-CENTERED APPROACH TO LEARNING THAT PROMOTES THE DEVELOPMENT OF THE WHOLE PERSON. 0 0 17818074 11239055 STUDENT SERVICES - THE OFFICE OF FINANCIAL AID AWARDED TO APPROXIMATELY 744 STUDENTS SCHOLARSHIP AND FINANCIAL ASSISTANCE IN FISCAL YEAR 2013-2014. 7602144 32242570 INSTRUCTION - THE COLLEGE SERVED APPROXIMATELY 943 FULL TIME EQUIVALENT COLLEGE STUDENTS IN FISCAL YEAR 2013-2014. 5156042 5536083 AUXILIARY ENTERPRISES (EG STUDENTS HOUSING, FOOD SERVICE AND TRANSPORTATION) 2362934 145306 ACADEMIC SUPPORT SEE COMMENT ON 4A 2362934 145306 32939194 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 71 0 1 616 1 0 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 1 1 0 0 CA X X KATHLEEN RUIZ 3103775501 30800 PALOS VERDES DRIVE EAST RANCHO PALOS VERDES CA 90275 BURT ARNOLD CHAIRMAN 1.00 X 0 0 0 RANDY BOWERS TRUSTEE 1.00 X 0 0 0 ALEXANDER CAPPELLO TRUSTEE (UNTIL 5/1/14) 1.00 X 0 0 0 PATRICIA DILLIGAN TRUSTEE (UNITL 11/1/13) 1.00 X 0 0 0 RICHARD EDLER TRUSTEE 1.00 X 0 0 0 ERIC EISENBERG TRUSTEE 1.00 X 0 0 0 RICHARD FARMAN TRUSTEE 1.00 X 0 0 0 BONIFACIO GARCIA TRUSTEE 1.00 X 0 0 0 RICHARD GROTZ TRUSTEE 1.00 X 0 0 0 ALAN C JOHNSON TRUSTEE 1.00 X 0 0 0 DR SABRINA KAY TRUSTEE 1.00 X 0 0 0 MIKE LANSING TRUSTEE 1.00 X 0 0 0 JOAN LESCINSKI TRUSTEE (UNTIL 5/1/14) 1.00 X 0 0 0 BRIAN MARCOTTE TRUSTEE 1.00 X 0 0 0 WILLIAM P MCGINN TRUSTEE (UNTIL 5/1/14) 1.00 X 0 0 0 ASHLEY CONSTABLE-NEARY TRUSTEE 1.00 X 0 0 0 LIA REYES TRUSTEE 1.00 X 0 0 0 THOMAS RICCI TRUSTEE 1.00 X 0 0 0 CAROLINE SAYERS TRUSTEE 1.00 X 0 0 0 DR ALICE SESNO TRUSTEE 1.00 X 0 0 0 DR SUE SOLDOFF TRUSTEE 1.00 X 0 0 0 CAMILLA TOWNSEND TRUSTEE 1.00 X 0 0 0 MARRY ANN WALKER TRUSTEE (UNTIL 5/1/14) 1.00 X 0 0 0 JUAN YNIGUEZ TRUSTEE 1.00 X 0 0 0 SR ANTOINE-MARIE BAURIER SECRETARY 40.00 X X 0 0 0 DR MICHAEL S BROPHY PRESIDENT 40.00 X X 336234 0 37000 JAMES REEVES VP FINANCE & ADMIN 40.00 X 185949 0 29727 ARIANE SCHAUER PROVOST/DEAN OF FACULTY 40.00 X 159754 0 28523 JOHN ALEXANDER FACULTY 40.00 X 116647 0 24474 SHANE ARMSTRONG SERVICES 40.00 X 114861 0 22094 LAURENCE J DUNLOP DEAN OF ARTS & SCIENCE 40.00 X 114417 0 17901 KATHLEEN RUIZ CONTROLLER 40.00 X 112031 0 13399 BARRY WARD VP OF ENROLLMENT (UNTIL 5/1) 40.00 X 157548 0 4890 1297441 0 178008 8 0 1 0 DEL AMO CONSTRUCTION 23840 MADISON ST TORRANCE CA 90505 CONSTRUCTION 2096019 BON APPETIT 100 WEST TEMPLE ST LOS ANGELES CA 90074 FOOD SERVICE 1249438 ARAMARK SERVICES PO BOX 100401 PASADENA CA 91189 MAINTENANCE SERVICES 952176 PACIFIC DESIGN DIRECTIONS 8171 E KAISER ANAHEIM HILLS CA 92808 DESIGN 479589 TWG SOLUTIONS 4330 GAINES RANCH LOOP SUITE 220 AUSTIN TX 78735 MARKETING SERVICES 205968 10 865844 23514 865844 TUITION & FEES 999999 32242570 32242570 AUXILIARY ENTERPRISES 999999 5536083 5536083 ADMINISTRATIVE FEES FOR PROGRAMS 999999 54082 54082 37832735 507771 507771 4522876 4570229 -47353 -47353 -47353 KING'S COMMISSION 900099 90319 90319 OTHER INCOME 900099 74232 74232 IMPAIRMENT OF CIP 900099 -4021814 -4021814 52682 905 51777 -3804581 35354416 37923959 0 -3435387 11239055 11239055 851384 851384 11451457 8695059 2299155 457243 402299 282163 94173 25963 1348907 894950 405282 48675 855602 619380 205636 30586 22306 22306 84755 84755 62279 36529 25500 250 78432 18370 54992 5070 1323928 831270 441303 51355 108022 72281 35725 16 1842818 1628573 211005 3240 495860 409463 64436 21961 256213 226504 29709 527658 432878 94780 2565201 2337427 227774 455063 211746 239924 3393 AUXILIARY ENTERPRISES 4115281 3501436 570103 43742 REPAIRS & MAINTENANCE 620617 319990 280891 19736 EQUIPMENT RENTAL 613676 374728 238573 375 DUES & SUBSCRIPTIONS 185584 127758 49043 8783 1597051 679634 892763 24654 41103448 32939194 7419212 745042 639044 1247330 267793 3241 432162 255254 242579 332995 796726 514246 48521097 12810940 42904954 35710157 7984675 9883630 53267933 47946853 1151763 719371 1525000 1337297 1618866 2238502 9310563 10647098 2387648 3134144 15993840 18076412 X 25462018 17826752 9895644 9725958 1916431 2317731 37274093 29870441 53267933 47946853 X -5749032 822659 -2476165 -1114 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8204979 417224 1278436 46502 9854137 7750934 5520 454814 6289 8204979 8589458 19000 -135743 27355 694426 7750934 7723463 22400 865995 4460 17940 8589458 9710436 13500 513436 35163 2469706 9040 7723463 0.66460 0.23520 0.10020 0 0 9112168 9112168 30577548 8939743 21637805 5110099 2984581 2125518 3721282 886616 2834666 35710157 ACCRUED EMPLOYEES SALARIES & BENEFITS 1029474 CAPITAL LEASE OBLIGATIONS 2087045 ANNUITY PAYABLE 17625 3134144 X 24936906 822659 -1114 821545 24115361 11239055 11239055 35354416 29864393 0 29864393 11239055 11239055 41103448 PART V, LINE 4: THE INTENDED USES OF MARYMOUNT CALIFORNIA UNIVERSITY'S ENDOWMENT FUNDS INCLUDE A VARIETY OF PURPOSES INCLUDING FUNDING OF SCHOLARSHIPS, ACADEMIC SUPPORT, CAPITAL AND OTHER SPECIAL PROJECTS. PART X, LINE 2: THE UNIVERSITY ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC NO. 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ("ASC 740"). IN ACCORDANCE WITH ASC 740, THE UNIVERSITY RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. TO DATE, THE UNIVERSITY HAS NOT RECORDED ANY UNCERTAIN TAX POSITIONS. THE UNIVERSITY RECOGNIZES THE POTENTIAL ACCRUED INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS IN INCOME TAX EXPENSE. DURING THE YEAR ENDED JUNE 30, 2014, THE UNIVERSITY DID NOT RECOGNIZE ANY AMOUNT IN POTENTIAL INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS. AT JUNE 30, 2014, THE OPEN TAX YEARS FOR THE UNIVERSITY WERE 2010 TO 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -1,114. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID ASSISTANCE RECOGNIZED AS GRANTS TO INDIVIDUALS 11,239,055. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID ASSISTANCE RECOGNIZED AS GRANTS TO INDIVIDUALS 11,239,055. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 A NOTICE OF THE UNIVERSITY'S NONDISCRIMINATORY POLICY ARE PUBLISHED AND ADVERTISED TO THE PUBLIC VIA BOTH THE UNIVERSITY'S WEBSITE AND BROCHURES IN ACCORDANCE WITH REVENUE PROCEDURE 75-50. SCHEDULE E, PART I, LINE 6 THE COLLEGE ADMINISTERS FEDERAL GOVERNMENT FINANCIAL AID TO ITS STUDENTS. THE COLLEGE IS ALSO THE FISCAL AGENT OF PROJECT GRAD LOS ANGELES THE RECIPIENT OF GEARUP FUNDS FROM THE U.S. DEPARTMENT OF EDUCATION. 0 STUDENT FINANCIAL AID 744 11239055 CASH X X 1 1 X X 1 0 0 0 0 0 0 0 0 DR MICHAEL S BROPHY PRESIDENT 336234 0 0 0 0 0 23373 0 13627 0 373234 0 0 0 JAMES REEVES VP FINANCE & ADMIN 185949 0 0 0 0 0 13525 0 16202 0 215676 0 0 0 ARIANE SCHAUER PROVOST/DEAN OF FACULTY 159754 0 0 0 0 0 11754 0 16769 0 188277 0 0 0 BARRY WARD VP OF ENROLLMENT (UNTIL 5/1) 157548 0 0 0 0 0 0 0 4890 0 162438 0 0 0 PART I, LINE 1B MARYMOUNT CALIFORNIA UNIVERSITY PROVIDES A RESIDENCE FOR THE PRESIDENT, DR. MICHAEL BROPHY, ON THE BUSINESS PREMISES OF THE UNIVERSITY. PURSUANT TO AN EMPLOYMENT AGREEMENT, DR. BROPHY MUST LIVE IN THIS RESIDENCE AS A REQUIREMENT OF HIS EMPLOYMENT AND UTILIZE THE RESIDENCE FOR UNIVERSITY BUSINESS PURPOSES. AS THIS IS CONSIDERED A WORKING FRINGE BENEFIT, THE VALUE OF THE HOUSING HAS NOT BEEN INCLUDED IN DR. BROPHY'S NONTAXABLE BENEFITS REPORTED ON PART II COLUMN D. PART I, LINE 4A AS PER A CONFIDENTIALITY AGREEMENT SIGNED BY THE ORGANIZATION, THE SEPARATION PAYMENT TO AN EMPLOYEE IS NOT OPEN FOR PUBLIC INSPECTION. IT WILL BE MADE AVAILABLE TO THE IRS UPON REQUEST. TARA A BROPHY WIFE OF DR. MICHAEL S. BROPHY, ORGANIZATION'S PRESIDENT. 57572 EMPLOYED BY THE ORGANIZATION AS COLLEGE AMBASSADOR 0 FORM 990, PART VI, SECTION B, LINE 11 THE INFORMATIONAL RETURN WAS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND REVIEWED AND APPROVED BY MANAGEMENT. ONCE APPROVED BY THE MANAGEMENT, THE RETURN WAS PROVIDED TO THE REST OF THE BOARD PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION'S BOARD OF TRUSTEES PERIODICALLY REVIEWS THE PRESIDENT'S COMPENSATION PACKAGE IN ITS CONSIDERATION. THE BOARD REVIEWS DATA PROVIDED BY SUCH ORGANIZATION AS ASSOCIATION OF INDEPENDENT CALIFORNIA COLLEGES AND UNIVERSITIES AS WELL AS OTHER DATA SOURCE. FORM 990, PART VI, SECTION C, LINE 18 THE UNIVERSITY'S FORM 990 AND FORM 990-T ARE AVAILABLE TO THE PUBLIC EITHER THROUGH WWW.GUIDESTAR.ORG OR UPON WRITTEN REQUEST. THE UNIVERSITY WAS FORMED IN 1968 AND, HENCE, IS NOT REQUIRED TO MAKE THE FORM 1023 AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND INFORMATIONAL RETURNS AVAILABLE UPON WRITTEN REQUEST. THE INFORMATIONAL RETURNS ARE ALSO MADE AVAILABLE TO THE PUBLIC THROUGH WWW.GUIDESTAR.ORG, A PUBLIC WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -1,114. FORM 990, PART XI, LINE 8 DURING THE YEAR ENDED JUNE 30, 2014, THE UNIVERSITY IDENTIFIED AN EVENT THAT OCCURRED IN FISCAL YEAR 2011 WHICH INDICATED THE CARRYING VALUE OF CERTAIN CONSTRUCTION IN PROGRESS ("CIP") AMOUNTS WERE IMPAIRED. THESE AMOUNTS WERE INCURRED IN CONNECTION WITH THE DEVELOPMENT OF NEW RESIDENCES THAT WERE PART OF THE UNIVERSITY'S CAMPUS MASTER PLAN ("CMP") WHICH WAS DEVELOPED IN 2006. IN FISCAL YEAR 2011, THE BOARD OF TRUSTEES HAD APPROVED PROMOTING AND SUPPORTING A BALLOT INITIATIVE WITH THE CITY OF RANCHO PALOS VERDES TO EXPEDITE SECURING THE ENTITLEMENTS FOR THE CMP. THE BALLOT WAS DEFEATED THEREBY EFFECTIVELY CANCELLING PLANS TO DEVELOP NEW RESIDENCES AND IMPAIRING THE ASSOCIATED CIP COSTS. COMPARATIVE TOTAL AMOUNTS OF THE 2013 YEAR HAVE BEEN ADJUSTED TO REFLECT THE CIP IMPAIRMENT. THE CIP, WHICH IS COMBINED WITH PROPERTY, PLANT & EQUIPMENT IN THE STATEMENT OF FINANCIAL POSITION, HAS BEEN ADJUSTED BY $2,476,165 AND THE NET ASSET BALANCE IN THE COMPARATIVE YEAR WAS ADJUSTED BY THE SAME AMOUNT.