MINERVA UNIVERSITY: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- MINERVA UNIVERSITY (EIN 46-2589747)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-03-13
- IRS object ID
- 202400739349301025
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-03-13T12:27:09-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18500 VON KARMAN AVE 10TH FLOOR | AddressLine1Txt |
| City | IRVINE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92612 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 462589747 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MINERVA UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MINE | BusinessNameControlTxt |
| Phone | 4153252059 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14 MINT PLAZA FLOOR 3 | AddressLine1Txt |
| City | SAN FRANCISCO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94103 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | NISHA CHAKRAVARTY | PersonNm |
| Person Title | COO | PersonTitleTxt |
| Phone | 4153252059 | PhoneNum |
| Signature | 2024-03-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | NISHA | PersonFirstNm |
| Person Last | CHAKRAVARTY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | BRIAN YACKER | PreparerPersonNm |
| PTIN | P00401346 | PTIN |
| Phone | 9492222999 | PhoneNum |
| Preparation | 2024-03-07 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Change | Yes (X) | NameChangeInd |
| Principal Officer | MICHAEL MAGEE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14 MINT PLAZA FLOOR 3 | AddressLine1Txt |
| City | SAN FRANCISCO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $49,931,397 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | MINERVA.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2013 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | STIMULATING MEANINGFUL INNOVATION BY SUPPORTING THE DEVELOPMENT OF, AND ACCESS TO, TRANSFORMATIVE EDUCATIONAL PROGRAMS; BY WORKING TO IDENTIFY AND SUPPORT THE MOST PROMISING POTENTIAL STUDENTS REGARDLESS OF LOCATION OR CIRCUMSTANCES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 593 | TotalEmployeeCnt |
| Total Volunteers | 12 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $29,964,477 | PYContributionsGrantsAmt |
| CY Contributions Grants | $33,039,844 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $16,674,450 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $16,391,320 | CYProgramServiceRevenueAmt |
| PY Investment Income | $25,784 | PYInvestmentIncomeAmt |
| CY Investment Income | $305,250 | CYInvestmentIncomeAmt |
| PY Other Revenue | $118,454 | PYOtherRevenueAmt |
| CY Other Revenue | $26,557 | CYOtherRevenueAmt |
| PY Total Revenue | $46,783,165 | PYTotalRevenueAmt |
| CY Total Revenue | $49,762,971 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $7,708,971 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $7,580,858 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $15,416,939 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $15,031,352 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $173,417 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $8,617,772 | PYOtherExpensesAmt |
| CY Other Expenses | $9,411,588 | CYOtherExpensesAmt |
| PY Total Expenses | $31,743,682 | PYTotalExpensesAmt |
| CY Total Expenses | $32,023,798 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $15,039,483 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $17,739,173 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $14,539,633 | TotalAssetsBOYAmt |
| Total Assets EOY | $57,538,847 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $7,225,701 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $32,631,154 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $7,313,932 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $24,907,693 | NetAssetsOrFundBalancesEOYAmt |
| Mission | STIMULATING MEANINGFUL INNOVATION BY SUPPORTING THE DEVELOPMENT OF, AND ACCESS TO, TRANSFORMATIVE EDUCATIONAL PROGRAMS; BY WORKING TO IDENTIFY AND SUPPORT THE MOST PROMISING POTENTIAL STUDENTS REGARDLESS OF LOCATION OR CIRCUMSTANCES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $27,022,070 | ExpenseAmt |
| Grant | $7,577,525 | GrantAmt |
| Revenue | $15,223,045 | RevenueAmt |
| Desc | 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. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $446,548 | ExpenseAmt |
| Grant | $3,333 | GrantAmt |
| Revenue | $788,945 | RevenueAmt |
| Desc | 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. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $36,298 | ExpenseAmt |
| Revenue | $400,270 | RevenueAmt |
| Desc | 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. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $27,504,916 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 40 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 593 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | DC | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4153252059 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14 MINT PLAZA FLOOR 3 | AddressLine1Txt |
| City | SAN FRANCISCO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94103 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|
| MICHAEL MAGEE | ||||||||
| PRESIDENT | 40.00 | Yes (X) | $348,741 | $0 | $13,321 | |||
| VICKI CHANDLER | ||||||||
| CHIEF ACADEMIC OFFICER, PROVOST | 40.00 | $299,250 | $0 | $18,563 | Yes (X) | |||
| NIKOLAUS PELKA | ||||||||
| CFO | 40.00 | Yes (X) | $211,623 | $0 | $22,382 | |||
| THERESE CANNON | ||||||||
| SR. ADVISOR | 40.00 | Yes (X) | $214,988 | $0 | $18,563 | |||
| JOSHUA FOST | ||||||||
| VICE PROVOST OF INNOVATION | 40.00 | $204,667 | $0 | $18,650 | Yes (X) | |||
| JUNKO GREEN | ||||||||
| CHIEF DISCOVERY AND COMM. OFFICER | 40.00 | $214,375 | $0 | $0 | Yes (X) | |||
| DOLLIE DAVIS | ||||||||
| ASSOCIATE DEAN OF FACULTY | 40.00 | $190,200 | $0 | $13,281 | Yes (X) | |||
| RICHARD HOLMAN | ||||||||
| DEAN OF FACULTY | 40.00 | $166,667 | $0 | $19,982 | Yes (X) | |||
| KAYLA DORA KRUPNICK WALSH | ||||||||
| DEAN OF STUDENT | 40.00 | $180,000 | $0 | $0 | Yes (X) | |||
| MARIANNA PANOSSI | ||||||||
| GLOBAL DIRECTOR OF STUDENT SERVICES | 40.00 | $151,094 | $0 | $12,106 | Yes (X) | |||
| LUCAS TAMBASCO | ||||||||
| PROFESSOR | 40.00 | $145,564 | $0 | $11,734 | Yes (X) | |||
| SUZANNE KERN | ||||||||
| PROFESSOR | 40.00 | $138,185 | $0 | $7,776 | Yes (X) | |||
| TRISHA STAN | ||||||||
| PROFESSOR | 40.00 | $137,643 | $0 | $7,545 | Yes (X) | |||
| BOB KERREY | ||||||||
| CHAIR | 2.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| STACEY CHILDRESS | ||||||||
| VICE CHAIR | 1.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| BEN NELSON | ||||||||
| FOUNDER & DIRECTOR | 1.50 | $0 | $0 | $0 | Yes (X) | |||
| ROBIN GOLDBERG | ||||||||
| DIRECTOR | 1.50 | $0 | $0 | $0 | Yes (X) | |||
| MICHAEL HORN | ||||||||
| DIRECTOR | 1.50 | $0 | $0 | $0 | Yes (X) | |||
| RICHARD MELNICK | ||||||||
| DIRECTOR | 1.50 | $0 | $0 | $0 | Yes (X) | |||
| BERTIL ANDERSON | ||||||||
| DIRECTOR | 1.50 | $0 | $0 | $0 | Yes (X) | |||
| WENDELL PRITCHETT | ||||||||
| DIRECTOR | 1.50 | $0 | $0 | $0 | Yes (X) | |||
| DR VENKI RAMAKRISHNAN | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| RANDY SCHEKMAN | ||||||||
| DIRECTOR | 1.50 | $0 | $0 | $0 | Yes (X) | |||
| DIANE TAVENNER | ||||||||
| DIRECTOR | 1.50 | $0 | $0 | $0 | Yes (X) | |||
| YIMING ZHANG | ||||||||
| DIRECTOR | 1.50 | $0 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,602,997 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $163,903 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 37 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/ForeignAddress/AddressLine1Txt | CityContractorAddress/ForeignAddress/CityNm | Province Or StateContractorAddress/ForeignAddress/ProvinceOrStateNm | CountryContractorAddress/ForeignAddress/CountryCd | Foreign PostalContractorAddress/ForeignAddress/ForeignPostalCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| SCHEFFLER CONSULTING AND INVESTMENTS | ||||||
| 7 HAMPTON AVENUE | CAPE TOWN | NEWLANDS | SF | 7700 | INTERNATIONAL PROFESSOR | $302,928 |
| ALEXANDRA TERRANA | ||||||
| 8081 BIRCHMOUNT RD UNIT 1410 | MARKHAM | ONTARIO | CA | L6G0G5 | INTERNATIONAL PROFESSOR | $179,298 |
| ALEXIS J DIAMOND | ||||||
| 38 ROCKCLIFFE WAY | OTTAWA | ONTARIO | CA | K1M 1B5 | INTERNATIONAL PROFESSOR | $142,064 |
| STOCHASTIC CONSULTING PTY LTD-PHILIP STE | ||||||
| 7 WYTHENSHAWE AVENUE | PINELANDS | SF | 7403 | INTERNATIONAL PROFESSOR | $140,588 | |
| ENGIN VOLKAN | ||||||
| LEGMEERSTRAAT 7H | AMSTERDAM | NL | 1058 | INTERNATIONAL PROFESSOR | $140,266 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 9 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $213,322 | GovernmentGrantsAmt |
| All Other Contributions | $32,826,522 | AllOtherContributionsAmt |
| Total Contributions | $33,039,844 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| UNDERGRADUATE PROGRAM | 900099 | $15,202,105 | $15,202,105 |
| GRADUATE PROGRAM | 900099 | $788,945 | $788,945 |
| NON-DEGREE PROGRAM | 900099 | $400,270 | $400,270 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $16,391,320 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $302,646 | TotalRevenueColumnAmt |
| Exclusion | $302,646 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $194,830 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $168,426 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $26,404 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $26,404 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $20,940 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $5,464 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $2,604 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $2,604 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,604 | TotalRevenueColumnAmt |
| Exclusion | $2,604 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MINERVA BRAND LOYALTY | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $153 | TotalRevenueColumnAmt |
| Exclusion | $153 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $153 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $49,762,971 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $16,412,260 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $310,867 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,691,158 | TotalAmt |
| Program Services | $2,691,158 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,889,700 | TotalAmt |
| Program Services | $4,889,700 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,100,175 | TotalAmt |
| Program Services | $963,379 | ProgramServicesAmt |
| Management And General | $963,379 | ManagementAndGeneralAmt |
| Fundraising | $173,417 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,635,093 | TotalAmt |
| Program Services | $10,395,537 | ProgramServicesAmt |
| Management And General | $1,239,556 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $582,071 | TotalAmt |
| Program Services | $463,874 | ProgramServicesAmt |
| Management And General | $118,197 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $714,013 | TotalAmt |
| Program Services | $569,023 | ProgramServicesAmt |
| Management And General | $144,990 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $145,632 | TotalAmt |
| Program Services | $65,300 | ProgramServicesAmt |
| Management And General | $80,332 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $119,882 | TotalAmt |
| Management And General | $119,882 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,473,092 | TotalAmt |
| Program Services | $761,184 | ProgramServicesAmt |
| Management And General | $711,908 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $694,507 | TotalAmt |
| Program Services | $674,686 | ProgramServicesAmt |
| Management And General | $19,821 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $219,903 | TotalAmt |
| Program Services | $186,288 | ProgramServicesAmt |
| Management And General | $33,615 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $443,722 | TotalAmt |
| Program Services | $316,589 | ProgramServicesAmt |
| Management And General | $127,133 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,375,748 | TotalAmt |
| Program Services | $4,274,041 | ProgramServicesAmt |
| Management And General | $101,707 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $832,885 | TotalAmt |
| Program Services | $638,238 | ProgramServicesAmt |
| Management And General | $194,647 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $172,120 | TotalAmt |
| Program Services | $108,703 | ProgramServicesAmt |
| Management And General | $63,417 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $373,267 | TotalAmt |
| Program Services | $42,260 | ProgramServicesAmt |
| Management And General | $331,007 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| SOFTWARE AND LICENSES | $274,849 | $231,461 | $43,388 |
| LIBRARY AND PACKS | $92,254 | $68,044 | $24,210 |
| PARTNER SERVICES | $85,980 | $85,980 | |
| DUES AND SUBSCRIPTIONS | $54,360 | $40,094 | $14,266 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,387 | TotalAmt |
| Program Services | $39,377 | ProgramServicesAmt |
| Management And General | $14,010 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,023,798 | TotalAmt |
| Program Services | $27,504,916 | ProgramServicesAmt |
| Management And General | $4,345,465 | ManagementAndGeneralAmt |
| Fundraising | $173,417 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,291,798 | BOYAmt |
| EOY | $685,199 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $22,898,487 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,370,952 | BOYAmt |
| EOY | $2,401,085 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $514,080 | BOYAmt |
| EOY | $743,606 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $270,460 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $250,985 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $82,893 | BOYAmt |
| EOY | $19,475 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,834,079 | BOYAmt |
| EOY | $921,353 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,618,729 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,445,831 | BOYAmt |
| EOY | $28,250,913 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,539,633 | BOYAmt |
| EOY | $57,538,847 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $530,625 | BOYAmt |
| EOY | $1,234,062 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,017,629 | BOYAmt |
| EOY | $2,762,979 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,185,294 | BOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,492,153 | BOYAmt |
| EOY | $28,634,113 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,225,701 | BOYAmt |
| EOY | $32,631,154 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,313,932 | BOYAmt |
| EOY | $24,907,693 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,313,932 | BOYAmt |
| EOY | $24,907,693 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,539,633 | BOYAmt |
| EOY | $57,538,847 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $17,739,173 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$145,412 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $83,439 | OtherCostOrOtherBasisAmt |
| Depreciation | $66,371 | DepreciationAmt |
| Book Value | $17,068 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $187,021 | OtherCostOrOtherBasisAmt |
| Depreciation | $184,614 | DepreciationAmt |
| Book Value | $2,407 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $19,475 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| SECURITY DEPOSITS | $1,485,127 |
| OPERATING RIGHT OF USE LEASE ASSETS | $26,765,786 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $28,250,913 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| STUDENT DEPOSITS | $718,214 |
| OPERATING LEASE LIABILITIES | $27,915,899 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $28,634,113 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $43,959,280 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $1,608,741 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$7,580,858 | OtherRevenueAmt |
| Revenue Not Reported | -$5,972,117 | RevenueNotReportedAmt |
| Revenue Subtotal | $49,931,397 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$168,426 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$168,426 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $49,762,971 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $26,220,107 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $1,608,741 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $168,426 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $1,777,167 | ExpensesNotReportedAmt |
| Expenses Subtotal | $24,442,940 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $7,580,858 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $7,580,858 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $32,023,798 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE ORGANIZATION 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 ORGANIZATION 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, 2023 AND 2022. THE ORGANIZATION APPLIES THE PROVISIONS SET FORTH IN FASB ASC TOPIC 740, INCOME TAXES, TO ACCOUNT FOR THE UNCERTAINTY IN INCOME TAXES. THE ORGANIZATION HAS ASSESSED ALL INCOME TAX POSITIONS TAKEN WHERE THE STATUTE OF LIMITATIONS REMAINS OPEN, GENERALLY THREE YEARS FROM THE FILING OF THE FEDERAL RETURNS AND FOUR YEARS FROM THE FILING OF CALIFORNIA RETURNS. THE ORGANIZATION 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, 2023. THE ORGANIZATION 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 -7,580,858. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | RENTAL EXPENSE -168,426. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSE 168,426. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS 7,580,858. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (5 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| SOUTH AMERICA | 0 | 11 | PROGRAM SERVICES/GRANTS | STUDENT OUTREACH ACTIVITIES INTERNATIONAL CONTRACTED FACULTY | $4,289,049 |
| ASIA | 0 | 21 | 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 | $4,233,443 |
| NORTH AMERICA | 0 | 7 | PROGRAM SERVICES | STUDENT OUTREACH ACTIVITIES INTERNATIONAL CONTRACTED FACULTY | $726,477 |
| EUROPE | 0 | 15 | 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 | $701,690 |
| AFRICA | 0 | 5 | PROGRAM SERVICES/GRANTS | STUDENT OUTREACH ACTIVITIES INTERNATIONAL CONTRACTED FACULTY | $694,195 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 59 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 59 | TotalEmployeeCnt |
| Subtotal Spent | $10,644,854 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $10,644,854 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (4 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt |
|---|---|---|---|---|
| SCHOLARSHIPS | EUROPE | 14 | $85,375 | CREDIT WITHIN A STUDENT'S TERM BILL |
| SCHOLARSHIPS | EAST ASIA AND THE PACIFIC | 193 | $1,808,512 | CREDIT WITHIN A STUDENT'S TERM BILL |
| SCHOLARSHIPS | SUB-SAHARAN AFRICA | 4 | $15,075 | CREDIT WITHIN A STUDENT'S TERM BILL |
| SCHOLARSHIPS | SOUTH AMERICA | 272 | $2,980,738 | CREDIT WITHIN A STUDENT'S TERM BILL |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. |
| PART III ACCOUNTING METHOD: |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 164 | RecipientCnt |
| Cash Grant | $2,691,158 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MICHAEL MAGEE | ||||||||||||||
| PRESIDENT | $328,741 | $0 | $20,000 | $0 | $0 | $0 | $0 | $0 | $13,321 | $0 | $362,062 | $0 | $0 | $0 |
| VICKI CHANDLER | ||||||||||||||
| CHIEF ACADEMIC OFFICER, PROVOST | $299,250 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $18,563 | $0 | $317,813 | $0 | $0 | $0 |
| NIKOLAUS PELKA | ||||||||||||||
| CFO | $211,623 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $22,382 | $0 | $234,005 | $0 | $0 | $0 |
| THERESE CANNON | ||||||||||||||
| SR. ADVISOR | $214,988 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $18,563 | $0 | $233,551 | $0 | $0 | $0 |
| JOSHUA FOST | ||||||||||||||
| VICE PROVOST OF INNOVATION | $204,667 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $18,650 | $0 | $223,317 | $0 | $0 | $0 |
| JUNKO GREEN | ||||||||||||||
| CHIEF DISCOVERY AND COMM. OFFICER | $214,375 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $214,375 | $0 | $0 | $0 |
| DOLLIE DAVIS | ||||||||||||||
| ASSOCIATE DEAN OF FACULTY | $185,200 | $0 | $5,000 | $0 | $0 | $0 | $0 | $0 | $13,281 | $0 | $203,481 | $0 | $0 | $0 |
| RICHARD HOLMAN | ||||||||||||||
| DEAN OF FACULTY | $166,667 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19,982 | $0 | $186,649 | $0 | $0 | $0 |
| KAYLA DORA KRUPNICK WALSH | ||||||||||||||
| DEAN OF STUDENT | $180,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $180,000 | $0 | $0 | $0 |
| MARIANNA PANOSSI | ||||||||||||||
| GLOBAL DIRECTOR OF STUDENT SERVICES | $151,094 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12,106 | $0 | $163,200 | $0 | $0 | $0 |
| LUCAS TAMBASCO | ||||||||||||||
| PROFESSOR | $145,564 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11,734 | $0 | $157,298 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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, FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY/STUDY, 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 XI, LINE 9: | ADOPTION OF NEW LEASE ACCOUNTING STANDARD -145,412. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. |
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