2023-03-03T13:31:31-06:00 2022-06-30 953001179 WINDES INC PO BOX 87 LONG BEACH CA 90801 990 2021-07-01 952113260 MARYMOUNT CALIFORNIA UNIVERSITY MARY 3107515859 30800 PALOS VERDES DRIVE EAST RANCHO PALOS VERDES CA 90275 RICHARD ANDERSON CFO 3107515859 2023-03-01 1 RICHARD ANDERSON 999009999 DONITA JOSEPH P00286656 5624351191 2023-03-01 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z BRIAN MARCOTTE 30800 PALOS VERDES DRIVE EAST RANCHO PALOS VERDES CA 90275 27020309 0 0928 X WWW.MARYMOUNTCALIFORNIA.EDU X 1968 CA MARYMOUNT CALIFORNIA UNIVERSITY IS A CATHOLIC INSTITUTION THAT WELCOMES STUDENTS OF ALL FAITHS AND BACKGROUNDS INTO A QUALITY, VALUES-BASED EDUCATION. 10 9 231 10 0 0 2218349 4537778 21996444 18573622 1071181 655986 1675593 8442 26961567 23775828 8343263 8558639 0 0 10917533 12945794 0 0 306034 8461060 9588264 27721856 31092697 -760289 -7316869 39909851 30642938 7097314 6272787 32812537 24370151 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 13737784 8558639 54970 STUDENT SERVICES - THE OFFICE OF FINANCIAL AID AWARDED TO APPROXIMATELY 568 STUDENTS SCHOLARSHIP AND FINANCIAL ASSISTANCE IN FISCAL YEAR 2021-2022. 6224568 16538237 INSTRUCTION - THE COLLEGE SERVED APPROXIMATELY 491 FULL TIME EQUIVALENT COLLEGE STUDENTS IN FISCAL YEAR 2021-2022. 4690372 1980415 AUXILIARY ENTERPRISES (E.G. STUDENT HOUSING, FOOD SERVICE AND TRANSPORTATION). 24652724 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 0 0 0 0 0 0 0 0 0 0 0 1 41 0 1 231 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 DEBORA YAVAS 3107515983 30800 PALOS VERDES DRIVE EAST RANCHO PALOS VERDES CA 90275 BRIAN MARCOTTE PRESIDENT 40.00 X X 182500 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 HON JOSE H GOMEZ TRUSTEE 1.00 X 0 0 0 LEE LIGONS TRUSTEE THRU 10/2021 1.00 X 0 0 0 CAROLINE SAYERS CHAIR, ADMISSIONS, RETENTION, STUDENT DEVELOPMENT 1.00 X 0 0 0 DR SUE SOLDOFF DEVELOPMENT CHAIR 1.00 X 0 0 0 FR MARK VILLANO TRUSTEE 1.00 X 0 0 0 CHRISTOPHER WARMUTH AUDIT COMMITTEE CHAIR 1.00 X 0 0 0 RANDY BOWERS TRUSTEE 1.00 X 0 0 0 RICHARD ANDERSON CHIEF FINANCIAL OFFICER 40.00 X 193000 0 9333 ARIANE SCHAUER PROVOST & EXEC VP 40.00 X 200000 0 11771 ROBYN JONES VP OF ENROLLMENT MGMT 40.00 X 165000 0 26576 RYAN ALCANTARA VP OF STUDENT AFFAIRS & DEAN OF STUDENTS 40.00 X 147000 0 8836 KIMBERLY BLUE WADE DEPT. CHAIR OF MULTIDISCIPLINARY STUDIES 40.00 X 133863 0 24002 DEBORA YAVAS BUDGET MANAGER 40.00 X 123878 0 26000 KAREN THORDARSON DIRECTOR OF HUMAN RESOURCES 40.00 X 113927 0 38053 CYNTHIA MONTECUE DIR. OF MARKETING & COMMUNICATIONS 40.00 X 125000 0 5501 1384168 0 150072 15 0 1 0 TKC MANAGEMENT LLC 4500 CAMERON VALLEY PARKWAY 400 CHARLOTTE NC 28211 PROPERTY MANAGEMENT 1140451 RIVERROCK REAL ESTATE GROUP 2392 MORSE AVE SUITE 100 IRVINE CA 92614 PROPERTY MANAGEMENT 503869 LOCKTON INSURANCE BROKERS LLC 777 SOUTH FIGUROA STREET LOS ANGELES CA 90017 INSURANCE BROKER 369752 THOMPSON COBURN LLP 10100 SANTA MONICA BLVD SUITE 500 LOS ANGELES CA 90067 LEGAL ATTORNEY 239919 KINGS COLLEGES USA LLC 1555 CASSIL PLACE LOS ANGELES CA 90028 UNIVERSITY PATHWAY 115454 5 X 4348156 189622 3287 4537778 TUITION & FEES 900099 16538237 16538237 AUXILIARY ENTERPRISES 900099 1980415 1980415 STUDENT SERVICES 900099 54970 54970 18573622 694641 694641 3200000 5826 3239681 4800 -39681 1026 -38655 -38655 RECOVERY OF INDIRECT COSTS 900099 8442 8442 8442 23775828 18573622 0 664428 8558639 8558639 804108 246326 539532 18250 9690785 8283567 1266241 140977 380124 298513 71226 10385 1459813 1080134 347643 32036 610964 472486 128940 9538 85743 454 85289 273006 1386 271620 39873 39873 1589655 1092723 495432 1500 135567 29284 66584 39699 281443 145581 135495 367 932544 365340 536585 30619 875563 609059 266504 119530 119530 2053218 1814456 238762 575187 55656 519531 UNIVERSITY SERVICES 1295211 1042718 234059 18434 BAD DEBT EXPENSE 514091 514091 DUES AND SUBSCRIPTIONS 164352 112645 50220 1487 BANK & ADMIN FEES 129340 2234 127106 523941 321993 199206 2742 31092697 24652724 6133939 306034 188322 201459 2966311 537435 75000 0 2144935 971189 158822 238151 48415000 26871989 23467981 21543011 10287365 6746445 572892 405248 48223 0 39909851 30642938 209359 156913 455594 345280 3244895 2755980 3187466 3014614 7097314 6272787 X 24208295 17339031 8604242 7031120 32812537 24370151 39909851 30642938 -7316869 -1125517 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10860257 5587 -511850 154112 3048189 7151693 13175412 157253 1697870 4170278 10860257 12939075 102025 237840 103528 13175412 12360679 120283 575508 117395 12939075 10714170 1060813 625209 39513 12360679 0.49000 0.37000 0.14000 1 0 7431600 7431600 9885521 4558888 5326633 22445897 16130266 6315631 5093435 4945260 148175 3558547 1237575 2320972 21543011 ACCRUED EMPLOYEES SALARIES & BENEFITS 3014614 3014614 X 14051799 -1125517 -1125517 15177316 39873 8558639 8598512 23775828 22494185 0 22494185 39873 8558639 8598512 31092697 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. PART X, LINE 2: FIN 48: THE UNIVERSITY ADOPTED FASB 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. THE UNIVERSITY IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL PURPOSES IS THREE YEARS AND FOR CALIFORNIA IS FOUR YEARS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID ASSISTANCE RECOGNIZED AS GRANTS TO INDIVIDUALS 8,558,639. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID ASSISTANCE RECOGNIZED AS GRANTS TO INDIVIDUALS 8,558,639. 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. 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. 1 HEERF STUDENT GRANTS 512 1186000 INSTITUTIONAL AND ENDOWED SCHOLARSHIPS/GRANTS 466 7372639 PART I, LINE 2: DESCRIBE THE PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN THE U.S.: PELL GRANT AND DIRECT LOAN ORIGINATION AND DISBURSEMENT IS COMPLETED BY THE ASSOCIATE DIRECTOR. THE DIRECTOR COMPLETES RECONCILIATION OF THE PELL GRANT AND DIRECT LOAN PROGRAMS. CNS CREATES PELL GRANT ORIGINATION AND DISBURSEMENT RECORDS, WHICH ARE SENT VIA EDCONNECT THROUGH THE COMMON ORIGINATION AND DISBURSEMENT (COD) PROCESS. STATEMENT OF ACCOUNTS FILES ARE RECONCILED MONTHLY BETWEEN CNS AND STUDENT ACCOUNTS RECORDS, COD AND FINANCIAL AID AND BETWEEN FINANCIAL AID AND STUDENT ACCOUNTS. THE DIRECTOR IS RESPONSIBLE FOR THE ADMINISTRATION OF THE CAL GRANT PROGRAM. THE WEBGRANTS ROSTER FROM THE CALIFORNIA STUDENT AID COMMISSION IS USED TO DETERMINE A STUDENT'S ELIGIBILITY FOR A CAL GRANT AWARD. RECONCILIATION IS COMPLETED EVERY TERM AFTER PAYMENT TRANSACTIONS ARE REPORTED THROUGH WEBGRANTS ON A STUDENT-BY-STUDENT BASIS. THE DIRECTOR OVERSEES THE ADMINISTRATION OF THE INSTITUTIONAL GRANTS & SCHOLARSHIPS. INSTITUTIONAL GRANTS & SCHOLARSHIPS ARE AWARDED TO STUDENTS THAT MEET THE SPECIFIC AWARD'S CRITERIA. THE INSTITUTIONAL GRANTS & SCHOLARSHIPS ARE POSTED IN CNS AND BATCHED OVER TO STUDENT ACCOUNTS ONCE PAYMENT HAS BEEN MADE. X X 0 0 0 0 0 0 0 0 0 ARIANE SCHAUER PROVOST & EXEC VP 200000 0 0 0 0 0 6023 0 5748 0 211771 0 0 0 RICHARD ANDERSON CHIEF FINANCIAL OFFICER 193000 0 0 0 0 0 6499 0 2834 0 202333 0 0 0 ROBYN JONES VP OF ENROLLMENT MGMT 165000 0 0 0 0 0 26000 0 576 0 191576 0 0 0 BRIAN MARCOTTE PRESIDENT 182500 0 0 0 0 0 0 0 0 0 182500 0 0 0 KIMBERLY BLUE WADE DEPT. CHAIR OF MULTIDISCIPLINARY STU 100000 0 0 0 33863 0 19500 0 4502 0 157865 0 0 0 RYAN ALCANTARA VP OF STUDENT AFFAIRS & DEAN OF STUD 147000 0 0 0 0 0 8836 0 0 0 155836 0 0 0 KAREN THORDARSON DIRECTOR OF HUMAN RESOURCES 113927 0 0 0 0 0 26000 0 12053 0 151980 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B DESCRIBE THE PROCESS USED BY THE ORGANZATION TO REVIEW THE FORM 990. THE INFORMATIONAL 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 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 OUR CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO DISCLOSE ANY SUCH CONFLICTS. VENDOR SELECTIONS MUST BE SUPPORTED BY 3 SEPARATE QUOTES, AND MULTIPLE APPROVAL SIGNATURES ARE REQUIRED ON CONTRACTS AND EXPENDITURES IN ORDER TO ENSURE OBJECTIVE DECISIONS ARE MADE WITH CHECKS AND BALANCES. 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 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 DESCRIBE HOW THE ORGANIZATION MAKES THE ITS DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION. THE UNIVERSITY'S FORM 990 IS 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 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 INFORMATIONAL RETURNS ARE ALSO MADE AVAILABLE TO THE PUBLIC THROUGH WWW.GUIDESTAR.ORG, A PUBLIC WEBSITE. FORM 990, PART VIII, LINE 1E: IN MARCH 2020, CONGRESS PASSED THE PAYCHECK PROTECTION PROGRAM (PPP) UNDER DIVISION A, TITLE I OF THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT, AUTHORIZING LOANS TO SMALL ORGANIZATIONS FOR USE IN PAYING EMPLOYEES THAT THEY CONTINUE TO EMPLOY THROUGHOUT THE COVID-19 PANDEMIC AND FOR RENT, UTILITIES, AND INTEREST ON MORTGAGES. LOANS OBTAINED THROUGH THE PROGRAM ARE ELIGIBLE TO BE FORGIVEN AS LONG AS THE PROCEEDS ARE USED FOR QUALIFYING PURPOSES AND CERTAIN OTHER CONDITIONS ARE MET. ON APRIL 22, 2020, THE UNIVERSITY RECEIVED A LOAN IN THE AMOUNT OF $1,974,470 THROUGH THE PPP. ON MARCH 4, 2021, THE UNIVERSITY RECEIVED NOTICE FROM THE SBA THAT THE FULL AMOUNT OF THE LOAN WAS FORGIVEN AND THIS FORGIVENESS IS PRESENTED SEPARATELY ON THE STATEMENT OF ACTIVITIES. FORM 990, PART VIII, LINE 1E: FOR THE YEARS ENDED JUNE 30, 2022 AND 2021, THE UNIVERSITY RECOGNIZED $830,532 AND $1,657,413, RESPECTIVELY, OF REFUNDABLE EMPLOYEE RETENTION CREDITS CLAIMED UNDER PROVISIONS OF THE CARES ACT AND TCDTR ACT AS A SEPARATE ITEM OF SUPPORT IN THE ACCOMPANYING STATEMENT OF ACTIVITIES AND AS AN OTHER RECEIVABLE ON THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION. THE FULL BALANCE OF THE JUNE 30, 2021 RECEIVABLE OF $1,657,413 WAS COLLECTED DURING THE YEAR ENDED JUNE 30, 2022. FORM 990, PART VIII, LINE 1E: DURING THE YEAR ENDED JUNE 30, 2022, THE UNIVERSITY PARTICIPATED IN THE FOLLOWING HEERF PROGRAMS: HEERF STUDENT AID PORTION: THE UNIVERSITY RECEIVED $1,186,000 IN FEDERAL FUNDS THAT WERE ALLOCATED TO STUDENT ACCOUNTS BASED ON A RATE DETERMINED BY THE UNIVERSITY WITH FUNDING FROM HEERF III. HEERF INSTITUTIONAL PORTION: THE UNIVERSITY RECEIVED $184,822 IN FEDERAL FUNDS TO COMPENSATE FOR LOST REVENUE RELATED TO HOUSING AND OTHER AUXILIARY ACTIVITIES DUE TO THE CLOSING OF THE CAMPUS AS A RESULT OF THE PANDEMIC WITH FUNDING FROM HEERF III. HEERF MINORITY SERVING INSTITUTION (MSI): THE UNIVERSITY RECEIVES HEERF FUNDS THAT HAVE BEEN ALLOCATED TO MINORITY SERVING INSTITUTIONS WHICH INCLUDE INSTITUTIONS OF HIGHER EDUCATION THAT ARE ALSO HISPANIC-SERVING INSTITUTIONS. MARYMOUNT CALIFORNIA UNIVERSITY IS LISTED BY THE OPE AS A MINORITY SERVING INSTITUTION BECAUSE IT IS AN ELIGIBLE INSTITUTION AND HAS AN ENROLLMENT OF UNDERGRADUATE FULL-TIME EQUIVALENT STUDENTS THAT IS AT LEAST 25 PERCENT HISPANIC STUDENTS AT THE END OF THE AWARD YEAR. THE UNIVERSITY RECEIVED $146,802 IN FEDERAL FUNDS TO COMPENSATE FOR LOST REVENUE RELATED TO HOUSING AND OTHER AUXILIARY ACTIVITIES DUE TO THE CLOSING OF THE CAMPUS AS RESULT OF THE PANDEMIC WITH FUNDING FROM HEERF III.