2024-02-23T19:28:13-06:00 2024-01-31 953001179 WINDES INC PO BOX 87 LONG BEACH CA 90801 990 2023-07-01 952113260 MARYMOUNT CALIFORNIA UNIVERSITY MARY 3105446556 PO BOX 4809 PALOS VERDES PENINSULA CA 902749998 BRIAN MARCOTTE PRESIDENT 3105446556 2024-02-23 1 BRIAN MARCOTTE 999009999 1 DONITA JOSEPH P00286656 5624351191 2024-02-19 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z X BRIAN MARCOTTE PO BOX 4809 PALOS VERDES PENINSULA CA 902749998 1603987 0 0928 X WWW.MARYMOUNTCALIFORNIA.EDU X 1948 CA MARYMOUNT CALIFORNIA UNIVERSITY IS A CATHOLIC INSTITUTION THAT WELCOMES STUDENTS OF ALL FAITHS AND BACKGROUNDS INTO A QUALITY, VALUES-BASED EDUCATION. X 10 9 24 9 0 0 10388 0 439578 0 38418983 1603367 108588 620 38977537 1603987 558210 53265273 0 0 3596107 485083 0 0 0 5202406 164194 9356723 53914550 29620814 -52310563 52856479 0 0 0 52856479 0 X MARYMOUNT CALIFORNIA UNIVERSITY IS A CATHOLIC INSTITUTION THAT 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. INSPIRED BY THE RELIGIOUS OF THE SACRED HEART OF MARY, WE CHALLENGE OUR STUDENTS TO PURSUE LIVES OF LEADERSHIP AND SERVICE. MARYMOUNT CALIFORNIA UNIVERSITY EMPOWERS ITS STUDENTS THROUGH AN EDUCATIONAL PROGRAM THAT DEVELOPS PRINCIPLED THINKERS IN THE CATHOLIC LIBERAL ARTS TRADITION. WE PROMOTE AN OPEN AND WELCOMING CAMPUS THAT BUILDS SKILLS FOR LIFELONG LEARNING. WE ASSIST STUDENTS TO REACH THEIR GOALS IN HIGHER EDUCATION. WE STRIVE TO GRADUATE STUDENTS WHO EMBODY THE VIRTUES OF INTEGRITY, RESPECT FOR HUMAN DIGNITY AND COMMITMENT TO JUSTICE. 0 0 53265273 53265273 ORGANIZATION IS DISSOLVING: DISTRIBUTION OF ASSETS PER BYLAWS TO OTHER 503(C)(3) ORGANIZATIONS TO SUPPORT EDUCATIONAL AND SCHOLARSHIP GRANTING ACTIVITIES. 53265273 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 9 0 1 24 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 CA X X BRIAN MARCOTTE 3105446556 PO BOX 4809 PALOS VERDES PENINSULA CA 902749998 BRIAN MARCOTTE PRESIDENT 40.00 X X 236548 0 0 BRET JOHNSEN CHAIR 1.00 X 0 0 0 RICK EDLER VICE CHAIR 1.00 X 0 0 0 SR ANTOINE-MARIE BAURIER SECRETARY 1.00 X 0 0 0 CAROLINE SAYERS CHAIR, ADMISSIONS, RETENTION, S.A. 1.00 X 0 0 0 DR SUE SOLDOFF DEVELOPMENT CHAIR 1.00 X 0 0 0 CHRISTOPHER WARMUTH AUDIT COMMITTEE CHAIR 1.00 X 0 0 0 RANDY BOWERS FINANCE COMMITTEE CHAIR 1.00 X 0 0 0 FR MARK VILLANO TRUSTEE 1.00 X 0 0 0 HON JOSE H GOMEZ TRUSTEE 1.00 X 0 0 0 RICHARD ANDERSON CHIEF FINANCIAL OFFICER 40.00 X 261294 0 0 KAREN THORDARSON DIRECTOR OF HUMAN RESOURCES 40.00 X 148269 0 0 MONTE SCHMEISER DIRECTOR OF OPERATIONS 40.00 X 124616 0 0 SUSAN AMALFITANO HR/PAYROLL GENERALIST 40.00 X 100940 0 0 871667 0 0 5 0 1 0 ADLER & COLVIN A LAW CORPORATION 135 MAIN ST 20TH FLR SAN FRANSISCO CA 94105 LEGAL SERVICES 348977 TKC MANAGEMENT LLC 4500 CAMERON VALLEY PARKWAY 400 CHARLOTTE NC 28211 PROPERTY MANAGEMENT 196478 2 1603167 1603167 200 0 200 200 200 INSURANCE CLAIM 900099 620 620 620 1603987 0 0 1603987 53265273 53265273 168557 168557 211397 211397 86565 86565 18564 18564 108815 108815 6700 6700 1300 1300 1233 1233 7383 7383 18654 18654 15006 15006 BANK & ADMIN FEES 5103 5103 53914550 53265273 649277 0 79013 0 114009 0 0 438166 0 0 0 0 0 509590 0 0 0 0 51412848 0 302853 0 0 0 0 52856479 0 0 0 X 50940148 0 1916331 0 52856479 0 52856479 0 X -52310563 -18998 -526918 X 0 0 0 X 1912964 1912964 7151693 -166548 6219 5065962 1912964 10860257 5587 -511850 154112 3048189 7151693 13175412 157253 1697870 4170278 10860257 12939075 102025 237840 103528 13175412 0.00000 0.00000 0.00000 1 0 0 PART V, LINE 4: DESCRIBE THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS. 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. 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 IS PUBLISHED AND ADVERTISED TO THE PUBLIC VIA BOTH THE UNIVERSITY'S WEBSITE* AND BROCHURES IN ACCORDANCE WITH REVENUE PROCEDURE 75-50. * WITH THE CLOSING OF UNIVERSITY OPERATIONS IN AUGUST 2022 (SEE SCHEDULE O), THE WEBSITE WAS REVISED TO ASSIST TRANSFERRING STUDENTS AND THE NONDISCRIMINATORY POLICY IS NO LONGER VIEWABLE. SCHEDULE E, PART I, LINE 6 THE COLLEGE ADMINISTERS FEDERAL GOVERNMENT FINANCIAL AID TO ITS STUDENTS. 1 MARYMOUNT EDUCATION FOUNDATION 35 PENINSULA CENTER ROLLING HILLS ESTATES CA 90274 884077281 501(C)(3) 46264925 0 CASH EDUCATIONAL GRANTS/PROGRAMS MARYMOUNT EDUCATION FOUNDATION 35 PENINSULA CENTER ROLLING HILLS ESTATES CA 90274 884077281 501(C)(3) 4874038 0 CASH MEF RESERVE FUND TO PAY OBLIGATIONS OF MCU AFTER MCU'S DISSOLUTION AND DISTRIBUTION OF ALL ASSETS TO MEF IN ACCORDANCE WITH A MCU MEF GRANT AGREEMENT. MARYMOUNT EDUCATION FOUNDATION 35 PENINSULA CENTER ROLLING HILLS ESTATES CA 90274 884077281 501(C)(3) 0 285739 FMV SHARES IN LIMITED PARTNERSHIP (FUND X PE) MANAGED BY HIRTLE CALLAGHAN. EDUCATIONAL GRANTS/PROGRAMS MARYMOUNT EDUCATION FOUNDATION 35 PENINSULA CENTER ROLLING HILLS ESTATES CA 90274 884077281 501(C)(3) 0 382800 CURRENT RESIDUAL AMORTIZED BOOK VALUE HOUSING ASSISTANCE ON BEHALF OF SR. ANTOINE-MARIE BAURIER REVERSIONARY INTEREST IN PREPAID RENT VESTED IN THE MARYMOUNT EDUCATION FOUNDATION (MEF) (PER A GRANT AGREEMENT) ON BEHALF OF MARYMOUNT CALIFORNIA UNIVERSITY AND ITS SUCCESSORS/ASSIGNS. THE PREPAID RENT IS FOR A RESIDENTIAL UNIT OCCUPIED BY SR. ANTONIE-MARIE BAURIER, EMPLOYEE/OFFICER AND MEMBER OF THE CATHOLIC CHURCH ORDER RELIGIOUS OF THE SACRED HEART OF MARY AFTER 50 YEARS OF SERVICE TO THE ORDER AND THE UNIVERSITY UNDER A VOW OF POVERTY. WHEN THE UNIT IS NO LONGER OCCUPIED, THE RESIDUAL OF THE PREPAID RENT WILL REVERT TO MEF, MCU'S GRANTEE/DISTRIBUTEE. MARYMOUNT EDUCATION FOUNDATION 35 PENINSULA CENTER ROLLING HILLS ESTATES CA 90274 884077281 501(C)(3) 0 14749 CURRENT RESIDUAL AMORTIZED BOOK VALUE 5 YEAR PREPAID DOCUMENT STORAGE RENT. 5 YEAR PREPAID DOCUMENT STORAGE RENT TO HOLD MARYMOUNT CALIFORNIA UNIVERSITY'S EDUCATIONAL, BUSINESS, ORGANIZATIONAL, AND OTHER DOCUMENTS FOR RECORD RETENTION. RELIGIOUS OF THE SACRED HEART OF MARY WESTERN AMERICAN PROVINCE 441 NORTH GARFIED AVENUE MONTEBELLO CA 90640 952830827 501(C)(3) 1000000 0 CASH SCHOOL AND MINISTRY EDUCATION KALAMAZOO COLLEGE 1200 ACADEMY STREET KALAMAZOO MI 49006 381358014 501(C)(3) 103605 0 CASH SUPPORT EDUCATIONAL AND SCHOLARSHIP GRANTING ACTIVITIES THROUGH THE "HUBERT AND KATHERING PHELAN AND KATHLEEN PHELAN VOLLMER MERMORIAL ENDOWED SCHOLARSHIP" FUND. LOYOLA MARYMOUNT UNIVERSITY 1 LOYOLA MARYMOUNT UNIVERSITY DR LOS ANGELES CA 90045 951643334 501(C)(3) 50149 0 CASH SUPPORT FOR FILM, TV AND MEDIA STUDIES SCHOLARSHIPS THE STOTSENBERG PROJECT 40730 CALLE BANDIDO MURRIETA CA 92562 274127237 501(C)(3) 109269 0 CASH SUPPORT SCHOLARSHIP OR OTHERWISE ASSIST STUDENTS IN THEIR EDUCATIONAL PURSUITS THE ORIGINS PROJECT FOUNDATION INC 7325 NORTH 16TH STREET SUITE 110 PHOENIX AZ 85020 832843258 501(C)(3) 44439 0 CASH SUPPORT EDUCATIONAL LECTURES AND COURSES ON VARIOUOS ACADEMIC TOPICS, INCL. ARTS AND HUMANITIES RADY CHILDREN'S HOSPITAL FOUNDATION 3020 CHILDRENS WAY MC 5005 SAN DIEGO CA 92123 330170626 501(C)(3) 105963 0 CASH SUPPORT FINANCIAL AID TO UNDERRESOURCED FAMILIES FOR ATTENDANCE IN THE SUMMER MEDICAL ACADEMY THROUGH AND ENDOWMENT NAMED "THE DEBRA L. REED SUMMER MEDICAL ACADEMY SCHOLARSHIP FUND". SOUTH COAST BOTANIC GARDEN FOUNDATION 26300 CRENSHAW BLVD PALOS VERDES ESTATES CA 90274 956062220 501(C)(3) 29597 0 CASH SUPPORT ENVIRONMENTAL LITERACY AND EDUCATION FOR STUDENTS 8 PART I, LINE 2: DESCRIBE THE PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN THE U.S.: THE ORGANIZATION IS OFFICIALLY DISSOLVED AS OF JANUARY 31, 2024. THE GRANTS REPORTED REPRESENT THE FINAL DISTRIBUTION OF CHARITABLE ASSETS FOLLOWING THE DISSOLUTION. X X 1 0 0 0 0 0 0 0 0 RICHARD ANDERSON CHIEF FINANCIAL OFFICER 225662 0 0 0 35632 0 0 0 0 0 261294 0 0 0 BRIAN MARCOTTE PRESIDENT 211429 0 0 0 25119 0 0 0 0 0 236548 0 0 0 PART I, LINE 4A SEVERANCE PAY: RICHARD ANDERSON - $11,135.00 KAREN THORDARSON - $64,265.00 MONTE SCHMEISER - $46,154.00 SUSAN AMALFITANO - $9,706.00 CASH 2024-01-30 46264925 CASH 884077281 MARYMOUNT EDUCATION FOUNDATION 35 PENINSULA CENTER ROLLING HILLS ESTATES CA 90274 501(C)(3) CASH 2024-01-30 4874038 CASH 884077281 MARYMOUNT EDUCATION FOUNDATION 35 PENINSULA CENTER ROLLING HILLS ESTATES CA 90274 501(C)(3) LIMITED PARTNERSHIP INTEREST 2024-01-30 285739 FMV 884077281 MARYMOUNT EDUCATION FOUNDATION 35 PENINSULA CENTER ROLLING HILLS ESTATES CA 90274 501(C)(3) PREPAID RENT 2024-01-30 382800 CURRENT BOOK VALUE 884077281 MARYMOUNT EDUCATION FOUNDATION 35 PENINSULA CENTER ROLLING HILLS ESTATES CA 90274 501(C)(3) PREPAID RENT RECORD STORAGE 2024-01-30 14749 CURRENT BOOK VALUE 884077281 MARYMOUNT EDUCATION FOUNDATION 35 PENINSULA CENTER ROLLING HILLS ESTATES CA 90274 501(C)(3) ART WORK 2024-01-30 25000 MULTIPLE ART DEALER QUOTES 884077281 MARYMOUNT EDUCATION FOUNDATION 35 PENINSULA CENTER ROLLING HILLS ESTATES CA 90274 501(C)(3) PIANO 2024-01-30 25000 CONSIGNMENT BROKER SALE ESTIMATE AFTER EXPENSES 884077281 MARYMOUNT EDUCATION FOUNDATION 35 PENINSULA CENTER ROLLING HILLS ESTATES CA 90274 501(C)(3) TELESCOPE 2024-01-30 3000 INTERNET SEARCH FOR COMPARABLE MARKET VALUE 884077281 MARYMOUNT EDUCATION FOUNDATION 35 PENINSULA CENTER ROLLING HILLS ESTATES CA 90274 501(C)(3) TWO COPIERS 2024-01-30 2500 INTERNET SEARCH FOR COMPARABLE MARKET VALUE 884077281 MARYMOUNT EDUCATION FOUNDATION 35 PENINSULA CENTER ROLLING HILLS ESTATES CA 90274 501(C)(3) CASH 2024-01-30 1000000 CASH 952830827 RELIGIOUS OF THE SACRED HEART OF MARY WESTERN AMERICAN PROVINCE 441 NORTH GARFIED AVENUE MONTEBELLO CA 90640 501(C)(3) CASH 2024-01-30 103605 CASH 381358014 KALAMAZOO COLLEGE 1200 ACADEMY STREET KALAMAZOO MI 49006 501(C)(3) CASH 2024-01-30 50149 CASH 951643334 LOYOLA MARYMOUNT UNIVERSITY 1 LOYOLA MARYMOUNT UNIVERSITY DR LOS ANGELES CA 90045 501(C)(3) CASH 2024-01-30 109269 CASH 274127237 THE STOTSENBERG PROJECT 40730 CALLE BANDIDO MURRIETA CA 92562 501(C)(3) CASH 2024-01-30 44439 CASH 832843258 THE ORIGINS PROJECT FOUNDATION INC 7325 NORTH 16TH STREET SUITE 110 PHOENIX AZ 85020 501(C)(3) CASH 2024-01-30 105963 CASH 330170626 RADY CHILDREN'S HOSPITAL FOUDATION 3020 CHILDRENS WAY MC 5005 SAN DIEGO CA 92123 501(C)(3) CASH 2024-01-30 29598 CASH 956062220 SOUTH COAST BOTANIC GARDEN FOUNDATION 26300 CRENSHAW BLVD PALOS VERDES ESTATES CA 90274 501(C)(3) 1 1 0 1 1 1 1 1 0 PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: THE FOLLOWING TRUSTEES, OFFICERS, AND KEY EMPLOYEES OF MARYMOUNT CA UNIVERSITY BECAME TRUSTEES OF THE TRANSFEREE ORGANIZATION, MARYMOUNT EDUCATION FOUNDATION:BRIAN MARCOTTE, RICK EDLER, SR. ANTOINE-MARIE BAURIER, CAROLINE SAYERS, DR. SUE SOLDOFF, FR. MARK VILLANO.THE FOLLOWING TRUSTEES, OFFICERS, AND KEY EMPLOYEES OF MARYMOUNT CA UNIVERSITY BECAME EMPLOYEES OF THE TRANSFEREE ORGANIZATION, MARYMOUNT EDUCATION FOUNDATION:ROBYN JONES FORM 990, PART IV, LINE 31, CLOSING OF UNIVERSITY OPERATIONS: ON APRIL 22, 2022, THE UNIVERSITY FORMALLY ANNOUNCED THAT EDUCATIONAL OPERATIONS (UNDERGRADUATE, ACADEMIC COURSES FOR DEGREE CREDITS) WOULD DISCONTINUE AS OF AUGUST 31, 2022. SUBSEQUENT TO AUGUST 31,2022, THE UNIVERSITY HAS BEEN ENGAGED IN CONTINUING PUBLIC CHARITY ACTIVITIES FULFILLING REQUESTS AND REQUIREMENTS OF THE DEPARTMENT OF EDUCATION, ACCREDITATION AGENCIES, AND OTHER RELATED BODIES. AS OF JANUARY 31, 2024, THE UNIVERSITY IS OFFICIALLY DISSOLVED AND HAS CEASED OPERATIONS. SCHEDULE N, PART I HAS BEEN COMPLETED ACCORDINGLY. FORM 990, PART VI, SECTION B, LINE 11B DESCRIBE THE PROCESS USED BY THE ORGANIZATION TO REVIEW THE FORM 990. THE INFORMATION RETURN WAS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND REVIEWED AND APPROVED BY MANAGEMENT. ONCE APPROVED BY MANAGEMENT, THE RETURN WAS PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C DOES THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY? ALL BOARD OF TRUSTEE MEMBERS ARE REQUIRED TO SIGN A STATEMENT ACKNOWLEDGING THEY UNDERSTAND THE CONFLICT OF INTEREST POLICY AND THE BOARD OF TRUSTEE MEMBERS ARE REQUIRED TO DISCLOSE ANY SUCH CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A DESCRIBE THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL. THE ORGANIZATION'S BOARD OF TRUSTEES PERIODICALLY REVIEWS THE PRESIDENT'S COMPENSATION PACKAGE IN ITS DETERMINATION OF COMPENSATION. THE BOARD REVIEWS DATA FROM OTHER ORGANIZATIONS SUCH AS THE ASSOCIATION OF INDEPENDENT CALIFORNIA COLLEGES AND UNIVERSITIES (AICCU) AS WELL AS OTHER DATA SOURCES. FORM 990, PART VI, SECTION C, LINE 18 DESCRIBE HOW THE ORGANIZATION MAKES ITS FORM 1023, 990 AND 990-T DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION. THE UNIVERSITY'S FORM 990 IS AVAILABLE TO THE PUBLIC THROUGH WWW.GUIDESTAR.ORG, IRS.GOV SEARCH TOOL (SEE LINE 19 BELOW) OR UPON WRITTEN REQUEST. THE UNIVERSITY WAS FORMED IN 1948 AND, HENCE, IS NOT REQUIRED TO MAKE THE FORM 1023 AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART VI, SECTION C, LINE 19 DESCRIBE HOW THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST. THE INFORMATION RETURNS ARE MADE AVAILABLE TO THE PUBLIC: (1) UPON WRITTEN REQUEST, (2) THROUGH WWW.GUIDESTAR.ORG, A PUBLIC WEBSITE, AND (3) THROUGH THE IRS.GOV TAX EXEMPT ORGANIZATION SEARCH TOOL > IRS.GOV/CHARITIESNONPROFITS/SEARCHFORTAXEXEMPT=ORGANIZATIONS. FORM 990, PART XI, LINE 9: RETURNED ENDOWMENTS AND DONATIONS -526,918.