2026-05-15T12:28:05-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 2050 MAIN STREET SUITE 700 IRVINE CA 92614 990 2024-07-01 462589747 MINERVA UNIVERSITY MINE 4153252059 14 MINT PLAZA FLOOR 3 SAN FRANCISCO CA 94103 DANDRE WILSON EVP OF STRATEGY AND ADMINISTRA 4153252059 2026-05-14 1 0 BRIAN YACKER P00401346 9492222999 2026-05-14 2024 2025-03-06 01:10:19Z MICHAEL MAGEE 14 MINT PLAZA FLOOR 3 SAN FRANCISCO CA 94103 49050796 0 X MINERVA.EDU X 2013 DC ACCREDITED PRIVATE NON-PROFIT UNIVERSITY OFFERING DEGREES IN UNDERGRADUTE AND GRADUATE PROGRAMS 8 8 652 8 0 0 12524187 25841523 19861267 22360833 614606 517000 41654 169723 33041714 48889079 9349582 10581149 0 0 16881050 15826235 0 0 183055 15343705 15150611 41574337 41557995 -8532623 7331084 43055956 47379957 26680886 23908530 16375070 23471427 X MINERVA UNIVERSITY STRIVES TO DEVELOP PROBLEM-SOLVERS, ENTREPRENEURS, AND WISE LEADERS FROM AROUND THE GLOBE; AND WEAVE THEM TOGETHER AS ONE COMMUNITY TO ADDRESS THE GREATEST CHALLENGES FACING HUMANITY.CONTINUED ON SCHEDULE OOUR UNDERGRADUATE STUDENTS COME TOGETHER AS FUTURE LEADERS AND ENTREPRENEURS FROM 100 NATIONS TO LIVE AND LEARN TOGETHER IN MULTIPLE CULTURALLY VIBRANT CITIES AROUND THE WORLD OVER FOUR YEARS OF STUDY WITH A SHARED GOAL IN MIND TO CONTRIBUTE TO A SAFER, MORE SUSTAINABLE WORLD.MINERVA IS AN INDEPENDENT, NON-PROFIT EDUCATIONAL INSTITUTION, ACCREDITED BY THE WASC SENIOR COLLEGE AND UNIVERSITY COMMISSION (WSCUC). MINERVA IS AUTHORIZED BY THE STUDENT AND EXCHANGE VISITOR PROGRAM (SEVP) TO HOST INTERNATIONAL STUDENTS ON AN F-1 VISA FOR THE UNDERGRADUATE RESIDENTIAL PROGRAM. 0 0 36816363 10581149 21602799 OPERATE AFFORDABLE, HIGH QUALITY EDUCATIONAL PROGRAMS LEADING TO AN UNDERGRADUATE DEGREE. TO ACCOMPLISH THIS, THE INSTITUTE IDENTIFIES STUDENTS, AWARDS SCHOLARSHIPS AND OTHER DIRECT AID, PROVIDES INSTRUCTION USING HIGH QUALITY, SCAFFOLDED CURRICULA ON AN INNOVATE LIVE VIDEO-BASED PLATFORM AND IMMERSIVE RESIDENTIAL SERVICES IN SEVEN GLOBAL LOCATIONS. 504368 615436 OPERATE HIGH QUALITY EDUCATIONAL PROGRAMS LEADING TO A GRADUATE DEGREE. TO ACCOMPLISH THIS, THE INSTITUTE IDENTIFIES STUDENTS AND PROVIDES INSTRUCTION USING HIGH QUALITY, SCAFFOLDED CURRICULA ON AN INNOVATIVE LIVE VIDEO-BASED PLATFORM. 17647 237930 OPERATE HIGH QUALITY EDUCATIONAL NON-DEGREE PROGRAMS WITH A DURATION OF A FEW WEEKS OR UP TO A YEAR. TO ACCOMPLISH THIS, THE INSTITUTE IDENTIFIES STUDENTS AND PROVIDES INSTRUCTION USING HIGH QUALITY, SCAFFOLDED CURRICULA ON AN INNOVATE LIVE VIDEO-BASED PLATFORM. 37338378 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 41 0 1 652 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA DC X THE ORGANIZATION 4153252059 14 MINT PLAZA FLOOR 3 SAN FRANCISCO CA 94103 DIANE TAVENNER CHAIR 2.00 X X 0 0 0 STACEY CHILDRESS VICE CHAIR 1.00 X X 0 0 0 BERTIL ANDERSON DIRECTOR 1.00 X 0 0 0 ROBIN GOLDBERG DIRECTOR (THRU 9/24/24) 1.00 X 0 0 0 MICHAEL HORN DIRECTOR 1.00 X 0 0 0 RICHARD MELNICK DIRECTOR 1.00 X 0 0 0 WENDELL PRITCHETT DIRECTOR 1.00 X 0 0 0 DR VENKI RAMAKRISHNAN DIRECTOR (THRU 12/31/24) 1.00 X 0 0 0 RANDY SCHEKMAN DIRECTOR 1.00 X 0 0 0 BOB KERREY DIRECTOR 1.00 X 0 0 0 MICHAEL MAGEE PRESIDENT 40.00 X 630000 0 22955 NISHA CHARKRAVARTY COO 40.00 X 402000 0 0 DOLLIE DAVIS ASSOCIATE DEAN OF FACULTY 40.00 X 226000 0 15427 CLAIRE MACKEN PROVOST 40.00 X 212500 0 4703 RENA LEVITT PROFESSOR 40.00 X 194549 0 15112 MARIANNA PANOSSI DEAN OF GLOBAL STUDENT SERVICES 40.00 X 180000 0 15093 JOHN LEVITT PROFESSOR 40.00 X 179574 0 11306 JOHN WITKINS PROFESSOR 40.00 X 173493 0 20597 PATRICK WATSON PROFESSOR 40.00 X 168760 0 12726 VICKI CHANDLER FORMER PROVOST 40.00 X 157106 0 6470 2523982 0 124389 34 1 1 0 ALEXANDRA TERRANA 8081 BIRCHMOUNT RD UNIT 1410 MARKHAM ONTARIO CA L6G0G5 INTERNATIONAL PROFESSOR 197377 ALEXIS J DIAMOND 38 ROCKCLIFFE WAY OTTAWA ONTARIO CA K1M 1B5 INTERNATIONAL PROFESSOR 195482 CARL SCHEFFLER 3 MIL ROAD CAMBUSBARRON STIRLING STIRLINGSHIRE UK INTERNATIONAL PROFESSOR 178010 ISAURA RAQUEL HENRIQUES RIBEIRO RUA JANGADA DE PEDRA NR 1 APARTAME LISBOA PO 1990-603 INTERNATIONAL PROFESSOR 177135 ENGIN VOLKAN LEGMEERSTRAAT 7H AMSTERDAM NL 1058 INTERNATIONAL PROFESSOR 154423 11 25841523 249604 25841523 UNDERGRADUATE PROGRAM 900099 21507467 21507467 GRADUATE PROGRAM 900099 615436 615436 NON-DEGREE PROGRAM 900099 237930 237930 22360833 507826 507826 331164 161717 169447 169447 95332 74115 9174 0 9174 9174 9174 MISCELLANEOUS 900099 276 276 276 48889079 22456165 0 591391 5278218 5278218 5302931 5302931 1610813 713879 713879 183055 12627262 12230557 396705 821740 710761 110979 766420 662912 103508 272896 130694 142202 159887 159887 2767375 1764356 1003019 242595 207995 34600 949139 833622 115517 7092730 6840625 252105 1180525 882342 298183 755393 755013 380 470221 37547 432674 SOFTWARE AND LICENSES 485894 291399 194495 OUTREACH 453415 416310 37105 PARTNER SERVICES 109800 109800 LIBRARY/COURSE PACKS 83624 67226 16398 127117 102191 24926 41557995 37338378 4036562 183055 14379190 2756045 21377 20007276 2736633 2954108 531402 916852 270460 270460 380 0 921353 687137 755013 23710608 20058539 43055956 47379957 227545 626785 2278342 2642717 24174999 20639028 26680886 23908530 X 16375070 23471427 16375070 23471427 43055956 47379957 7331084 -234727 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 83439 83439 0 187021 187021 0 0 SECURITY DEPOSITS 1468972 OPERATING RIGHT OF USE LEASE ASSETS 18589567 20058539 STUDENT DEPOSITS 767481 OPERATING LEASE LIABILITIES 19871547 20639028 X 39138255 -234727 903335 -10581149 -9912541 49050796 -161717 -161717 48889079 32041898 903335 161717 1065052 30976846 10581149 10581149 41557995 PART X, LINE 2: THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (THE CODE), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE CODE, AND FROM CALIFORNIA INCOME TAXES UNDER SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE. ALTHOUGH THE UNIVERSITY IS RECOGNIZED AS TAX EXEMPT, IT IS STILL LIABLE FOR INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME (UBTI). MANAGEMENT BELIEVES THERE WAS NO TAX LIABILITY RELATING TO UBTI AS OF JUNE 30, 2025 AND 2024, AS NO UBTI WAS EARNED. THE UNIVERSITY APPLIES THE PROVISIONS SET FORTH IN FASB ASC TOPIC 740, INCOME TAXES, TO ACCOUNT FOR THE UNCERTAINTY IN INCOME TAXES. THE UNIVERSITY HAS ASSESSED ALL INCOME TAX POSITIONS TAKEN WHERE THE STATUTE OF LIMITATIONS REMAINS OPEN, GENERALLY THREE YEARS FROM THE FILING OF THE FEDERAL RETURNS, OR THE DUE DATE, WHICHEVER IS LATER, AND FOUR YEARS FROM THE FILING OF CALIFORNIA RETURNS, OR THE DUE DATE, WHICHEVER IS LATER. THE UNIVERSITY BELIEVES ITS TAX FILING POSITIONS WILL BE SUSTAINED UPON TAX EXAMINATIONS; THEREFORE, NO LIABILITY FOR UNCERTAIN INCOME TAX POSITIONS HAS BEEN RECORDED THROUGH JUNE 30, 2025. THE UNIVERSITY DOES NOT ANTICIPATE ANY SIGNIFICANT INCREASES OR DECREASES TO UNCERTAIN INCOME TAX POSITIONS DURING THE NEXT TWELVE MONTHS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS -10,581,149. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -161,717. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 161,717. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 10,581,149. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 MINERVA UNIVERSITY MAINTAINS A PUBLICLY ACCESSIBLE RACIALLY NONDISCRIMINATORY POLICY ON ITS INSTITUTIONAL WEBSITE. THE POLICY AFFIRMS THAT THE UNIVERSITY ADMITS STUDENTS OF ANY RACE, ETHNICITY, GENDER, AGE, DISABILITY, SEXUAL ORIENTATION, GENDER IDENTITY, NATIONAL ORIGIN OR CITIZENSHIP, RELIGION, OR POLITICAL BELIEF TO ALL RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES, AND DOES NOT DISCRIMINATE IN THE ADMINISTRATION OF ADMISSIONS, ACADEMIC POLICIES, FINANCIAL AID PROGRAMS, OR OTHER SCHOOL-ADMINISTERED PROGRAMS. THIS POLICY HAS BEEN AVAILABLE IN A MANNER REASONABLY EXPECTED TO BE NOTICED BY VISITORS THROUGHOUT THE TAX YEAR. 1 EUROPE 0 20 PROGRAM SERVICES/GRANTS DORMITORY EXPENSES (SETUP, RENT, UTILITIES, MANAGEMENT, REPAIRS) STUDENT EVENTS (SPACE RENT, SUPPLIES, MEALS/TRANSPORTATION) STUDENT SERVICES (COUNSELING, EVENT MANAGEMENT, DORMITORY MANAGEMENT, VISA) STUDENT OUTREACH ACTIVITIES INTERNATIONAL CONTRACTED FACULTY 4493069 EAST ASIA AND THE PACIFIC 0 24 PROGRAM SERVICES/GRANTS DORMITORY EXPENSES (SETUP, RENT, UTILITIES, MANAGEMENT, REPAIRS) STUDENT EVENTS (SPACE RENT, SUPPLIES, MEALS/TRANSPORTATION) STUDENT SERVICES (COUNSELING, EVENT MANAGEMENT, DORMITORY MANAGEMENT, VISA) STUDENT OUTREACH ACTIVITIES INTERNATIONAL CONTRACTED FACULTY 4866783 SOUTH AMERICA 0 14 PROGRAM SERVICES/GRANTS DORMITORY EXPENSES (SETUP, RENT, UTILITIES, MANAGEMENT, REPAIRS) STUDENT EVENTS (SPACE RENT, SUPPLIES, MEALS/TRANSPORTATION) STUDENT SERVICES (COUNSELING, EVENT MANAGEMENT, DORMITORY MANAGEMENT, VISA) STUDENT OUTREACH ACTIVITIES INTERNATIONAL CONTRACTED FACULTY 2600135 NORTH AMERICA 0 10 PROGRAM SERVICES/GRANTS STUDENT OUTREACH ACTIVITIES INTERNATIONAL CONTRACTED FACULTY 884927 MIDDLE EAST AND NORTH AFRICA 0 5 PROGRAM SERVICES STUDENT OUTREACH ACTIVITIES INTERNATIONAL CONTRACTED FACULTY 355699 0 73 0 0 0 73 13200613 0 13200613 SCHOLARSHIPS EAST ASIA AND THE PACIFIC 157 3381948 CREDIT WITHIN A STUDENT'S TERM BILL SCHOLARSHIPS SOUTH AMERICA 81 1282880 CREDIT WITHIN A STUDENT'S TERM BILL SCHOLARSHIPS EUROPE 52 624628 CREDIT WITHIN A STUDENT'S TERM BILL SCHOLARSHIPS NORTH AMERICA 1 13475 CREDIT WITHIN A STUDENT'S TERM BILL 0 0 0 0 0 0 PART I, LINE 2: MINERVA HAS A NEED-BASED FINANCIAL AID PROGRAM AND GRANTS SCHOLARSHIPS TO MINERVA STUDENTS FOR TUITION AND/OR HOUSING. STUDENTS ARE REQUIRED TO COMPLETE AN INSTITUTIONAL SPECIFIC FINANCIAL AID APPLICATION. SCHOLARSHIPS ARE CREDITED DIRECTLY WITHIN A STUDENT'S TERM BILL. 1 SCHOLARSHIPS 295 5278218 PART I, LINE 2: MINERVA HAS A NEED-BASED FINANCIAL AID PROGRAM AND GRANTS SCHOLARSHIPS TO MINERVA STUDENTS FOR TUITION AND/OR HOUSING. STUDENTS ARE REQUIRED TO COMPLETE AN INSTITUTIONAL SPECIFIC FINANCIAL AID APPLICATION. SCHOLARSHIPS ARE CREDITED DIRECTLY WITHIN A STUDENT'S TERM BILL. 0 0 0 0 0 0 0 0 0 MICHAEL MAGEE PRESIDENT 525000 0 105000 0 0 0 0 0 22955 0 652955 0 0 0 NISHA CHARKRAVARTY COO 335000 0 67000 0 0 0 0 0 0 0 402000 0 0 0 DOLLIE DAVIS ASSOCIATE DEAN OF FACULTY 226000 0 0 0 0 0 0 0 15427 0 241427 0 0 0 CLAIRE MACKEN PROVOST 212500 0 0 0 0 0 0 0 4703 0 217203 0 0 0 RENA LEVITT PROFESSOR 194549 0 0 0 0 0 0 0 15112 0 209661 0 0 0 MARIANNA PANOSSI DEAN OF GLOBAL STUDENT SERVICES 180000 0 0 0 0 0 0 0 15093 0 195093 0 0 0 JOHN WITKINS PROFESSOR 173493 0 0 0 0 0 0 0 20597 0 194090 0 0 0 JOHN LEVITT PROFESSOR 179574 0 0 0 0 0 0 0 11306 0 190880 0 0 0 PATRICK WATSON PROFESSOR 168760 0 0 0 0 0 0 0 12726 0 181486 0 0 0 VICKI CHANDLER FORMER PROVOST 157106 0 0 0 0 0 0 0 6470 0 163576 0 0 0 X 1 249604 FMV 0 1 0 PART I, COLUMN (B): REPRESENTS NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS REVIEWED BY VARIOUS MEMBERS OF THE BOARD OF DIRECTORS. ANY QUESTIONS OR PROPOSED REVISIONS/ADDITIONS ARE COMMUNICATED BY THE REVIEWERS TO THE OUTSIDE CPA PREPARER OF THE FORM 990. A COPY OF THE FINAL FORM 990 IS FORWARDED TO ALL MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C PERIODIC REVIEWS ARE CONDUCTED TO ENSURE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USED THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S OFFICERS: COMPENSATION COMMITTEE AND APPROVAL BY THE BOARD/COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIALS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.