MARYMOUNT CALIFORNIA UNIVERSITY: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- MARYMOUNT CALIFORNIA UNIVERSITY (EIN 95-2113260)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2022-04-14
- IRS object ID
- 202241049349301729
- Schema version
- 2020v4.2
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-04-14T22:41:16-05:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 953001179 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WINDES INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 87 | AddressLine1Txt |
| City | LONG BEACH | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 908010087 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 952113260 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARYMOUNT CALIFORNIA UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MARY | BusinessNameControlTxt |
| Phone | 3103775501 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30800 PALOS VERDES DRIVE EAST | AddressLine1Txt |
| City | RANCHO PALOS VERDES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90275 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RICHARD ANDERSON | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 3103775501 | PhoneNum |
| Signature | 2022-02-23 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | RICHARD | PersonFirstNm |
| Person Last | ANDERSON | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DONITA M JOSEPH | PreparerPersonNm |
| PTIN | P00286656 | PTIN |
| Phone | 5624351191 | PhoneNum |
| Preparation | 2022-02-23 | 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 | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BRIAN MARCOTTE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30800 PALOS VERDES DRIVE EAST | AddressLine1Txt |
| City | RANCHO PALOS VERDES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90275 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $30,081,252 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Group Exemption | 0928 | GroupExemptionNum |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MARYMOUNTCALIFORNIA.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1968 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | MARYMOUNT CALIFORNIA UNIVERSITY IS A CATHOLIC INSTITUTION THAT WELCOMES STUDENTS OF ALL FAITHS AND BACKGROUNDS INTO A QUALITY, VALUES-BASED EDUCATION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 253 | TotalEmployeeCnt |
| Total Volunteers | 12 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $599,898 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,218,349 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $25,661,335 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $21,996,444 | CYProgramServiceRevenueAmt |
| PY Investment Income | $811,853 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,071,181 | CYInvestmentIncomeAmt |
| PY Other Revenue | $20,936 | PYOtherRevenueAmt |
| CY Other Revenue | $1,675,593 | CYOtherRevenueAmt |
| PY Total Revenue | $27,094,022 | PYTotalRevenueAmt |
| CY Total Revenue | $26,961,567 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $8,624,464 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $8,343,263 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $10,694,019 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $10,917,533 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $363,643 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $10,893,191 | PYOtherExpensesAmt |
| CY Other Expenses | $8,461,060 | CYOtherExpensesAmt |
| PY Total Expenses | $30,211,674 | PYTotalExpensesAmt |
| CY Total Expenses | $27,721,856 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$3,117,652 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$760,289 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $44,710,924 | TotalAssetsBOYAmt |
| Total Assets EOY | $39,909,851 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $11,804,734 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $7,097,314 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $32,906,190 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $32,812,537 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $12,597,304 | ExpenseAmt |
| Grant | $8,343,263 | GrantAmt |
| Revenue | $81,928 | RevenueAmt |
| Desc | STUDENT SERVICES - THE OFFICE OF FINANCIAL AID AWARDED TO APPROXIMATELY 579 STUDENTS SCHOLARSHIP AND FINANCIAL ASSISTANCE IN FISCAL YEAR 2020-2021. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $4,349,026 | ExpenseAmt |
| Revenue | $21,601,724 | RevenueAmt |
| Desc | INSTRUCTION - THE COLLEGE SERVED APPROXIMATELY 551 FULL TIME EQUIVALENT COLLEGE STUDENTS IN FISCAL YEAR 2020-2021. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $4,649,175 | ExpenseAmt |
| Revenue | $312,792 | RevenueAmt |
| Desc | AUXILIARY ENTERPRISES (E.G. STUDENT HOUSING, FOOD SERVICE AND TRANSPORTATION). | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $21,595,505 | 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 | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | 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 | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | 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 | 61 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 253 | 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 | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | 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 | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DEBORA YAVAS | PersonNm |
| Phone | 3103775501 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30800 PALOS VERDES DRIVE EAST | AddressLine1Txt |
| City | RANCHO PALOS VERDES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90275 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| BRIAN MARCOTTE | ||||||||
| PRESIDENT | 40.00 | Yes (X) | Yes (X) | $182,500 | $0 | $0 | ||
| BRET JOHNSEN | ||||||||
| CHAIR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| RICK EDLER | ||||||||
| VICE CHAIR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| BURT ARNOLD | ||||||||
| PAST CHAIR - THRU 10/6/2020 | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| SR ANTOINE-MARIE BAURIER | ||||||||
| SECRETARY | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| RANDY BOWERS | ||||||||
| FINANCE CHAIR - THRU 6/5/2021 | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| HON JOSE H GOMEZ | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| LEE LIGONS | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| CAROLINE SAYERS | ||||||||
| CHAIR, ADMISSIONS, RETENTION, STUDENT DEVELOPMENT | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DR SUE SOLDOFF | ||||||||
| DEVELOPMENT CHAIR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| FR MARK VILLANO | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| CHRISTOPHER WARMUTH | ||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DR WILLIAM J PETAK | ||||||||
| TRUSTEE EMERTIUS | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD ANDERSON | ||||||||
| INTERIM CFO | 40.00 | Yes (X) | $82,644 | $0 | $2,762 | |||
| ARIANE SCHAUER | ||||||||
| PROVOST & EXECUTIVE VICE PRESIDENT | 40.00 | $200,000 | $0 | $20,074 | Yes (X) | |||
| ROBYN JONES | ||||||||
| VICE PRESIDENT OF ENROLLMENT MANAGEMENT | 40.00 | $165,000 | $0 | $26,570 | Yes (X) | |||
| RYAN ALCANTARA | ||||||||
| VP OF STUDENT AFFAIRS & DEAN OF STUDENTS | 40.00 | $147,000 | $0 | $8,836 | Yes (X) | |||
| KIMBERLY BLUE WADE | ||||||||
| DEPT. CHAIR OF MULTIDISCIPLINARY STUDIES | 40.00 | $128,500 | $0 | $11,258 | Yes (X) | |||
| DEBORA YAVAS | ||||||||
| ACCOUNTING BUDGET MGR | 40.00 | $118,875 | $0 | $26,000 | Yes (X) | |||
| KAREN THORDARSON | ||||||||
| DIRECTOR OF HUMAN RESOURCES | 40.00 | $108,500 | $0 | $40,893 | Yes (X) | |||
| CYNTHIA MONTECUE | ||||||||
| DIR. OF MARKETING & COMMUNICATIONS | 40.00 | $125,000 | $0 | $5,820 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,258,019 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $142,213 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 12 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| RIVERROCK REAL ESTATE GROUP | |||||
| 2392 MORSE AVE SUITE 100 | IRVINE | CA | 92614 | PROPERTY MANAGEMENT | $544,051 |
| KINGS COLLEGES USA LLC | |||||
| 1555 CASSIL PLACE | LOS ANGELES | CA | 90028 | UNIVERSITY PATHWAY | $453,040 |
| UNDERSCORE BRANDING LLC | |||||
| 220 NORTH AMES ST 101 | MATTHEWS | NC | 28105 | MARKETING | $110,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
| Government Grants | $1,974,470 | GovernmentGrantsAmt |
| All Other Contributions | $243,879 | AllOtherContributionsAmt |
| Noncash Contributions | $3,634 | NoncashContributionsAmt |
| Total Contributions | $2,218,349 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION & FEES | 900099 | $21,601,724 | $21,601,724 |
| AUXILIARY ENTERPRISES | 900099 | $312,792 | $312,792 |
| STUDENT SERVICES | 900099 | $81,928 | $81,928 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $21,996,444 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $177,842 | TotalRevenueColumnAmt |
| Exclusion | $177,842 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,013,024 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,119,685 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $893,339 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $893,339 | TotalRevenueColumnAmt |
| Exclusion | $893,339 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| EMPLOYEE RETENTION CREDIT | 900099 | $1,657,413 | $1,657,413 |
| RECOVERY OF INDIRECT COSTS | 900099 | $18,180 | $18,180 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,675,593 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $26,961,567 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $21,996,444 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,746,774 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,343,263 | TotalAmt |
| Program Services | $8,343,263 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $775,216 | TotalAmt |
| Program Services | $539,394 | ProgramServicesAmt |
| Management And General | $217,572 | ManagementAndGeneralAmt |
| Fundraising | $18,250 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,729,814 | TotalAmt |
| Program Services | $6,005,871 | ProgramServicesAmt |
| Management And General | $1,578,832 | ManagementAndGeneralAmt |
| Fundraising | $145,111 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $386,872 | TotalAmt |
| Program Services | $252,082 | ProgramServicesAmt |
| Management And General | $125,960 | ManagementAndGeneralAmt |
| Fundraising | $8,830 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,427,466 | TotalAmt |
| Program Services | $909,156 | ProgramServicesAmt |
| Management And General | $486,418 | ManagementAndGeneralAmt |
| Fundraising | $31,892 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $598,165 | TotalAmt |
| Program Services | $457,426 | ProgramServicesAmt |
| Management And General | $130,749 | ManagementAndGeneralAmt |
| Fundraising | $9,990 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $74,872 | TotalAmt |
| Management And General | $74,872 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,285 | TotalAmt |
| Management And General | $78,285 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,960 | TotalAmt |
| Management And General | $35,960 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,442,496 | TotalAmt |
| Program Services | $786,317 | ProgramServicesAmt |
| Management And General | $593,351 | ManagementAndGeneralAmt |
| Fundraising | $62,828 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $88,957 | TotalAmt |
| Program Services | $38,433 | ProgramServicesAmt |
| Management And General | $29,918 | ManagementAndGeneralAmt |
| Fundraising | $20,606 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $229,236 | TotalAmt |
| Program Services | $97,063 | ProgramServicesAmt |
| Management And General | $131,648 | ManagementAndGeneralAmt |
| Fundraising | $525 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $915,103 | TotalAmt |
| Program Services | $332,886 | ProgramServicesAmt |
| Management And General | $545,971 | ManagementAndGeneralAmt |
| Fundraising | $36,246 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,292,873 | TotalAmt |
| Program Services | $697,951 | ProgramServicesAmt |
| Management And General | $594,922 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $178,925 | TotalAmt |
| Program Services | $141,388 | ProgramServicesAmt |
| Management And General | $37,537 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,175,050 | TotalAmt |
| Program Services | $1,910,714 | ProgramServicesAmt |
| Management And General | $264,336 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $324,313 | TotalAmt |
| Program Services | $58,645 | ProgramServicesAmt |
| Management And General | $265,668 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| UNIVERSITY SERVICES | $827,858 | $640,229 | $161,506 | $26,123 |
| DUES AND SUBSCRIPTIONS | $232,785 | $191,126 | $41,016 | $643 |
| BANK & ADMIN FEES | $123,863 | $1,100 | $122,763 | |
| EQUIPMENT RENTAL | $90,118 | $33,860 | $56,258 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $350,366 | TotalAmt |
| Program Services | $158,601 | ProgramServicesAmt |
| Management And General | $189,166 | ManagementAndGeneralAmt |
| Fundraising | $2,599 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,721,856 | TotalAmt |
| Program Services | $21,595,505 | ProgramServicesAmt |
| Management And General | $5,762,708 | ManagementAndGeneralAmt |
| Fundraising | $363,643 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $121,177 | BOYAmt |
| EOY | $188,322 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,119,378 | BOYAmt |
| EOY | $2,966,311 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $275,000 | BOYAmt |
| EOY | $75,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $367,000 | BOYAmt |
| EOY | $2,144,935 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $110,494 | BOYAmt |
| EOY | $158,822 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $48,286,751 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $24,818,770 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,494,239 | BOYAmt |
| EOY | $23,467,981 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,768,941 | BOYAmt |
| EOY | $10,287,365 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,406,472 | BOYAmt |
| EOY | $572,892 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,223 | BOYAmt |
| EOY | $48,223 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,710,924 | BOYAmt |
| EOY | $39,909,851 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $683,425 | BOYAmt |
| EOY | $209,359 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $521,210 | BOYAmt |
| EOY | $455,594 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,713,616 | BOYAmt |
| EOY | $3,244,895 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,886,483 | BOYAmt |
| EOY | $3,187,466 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,804,734 | BOYAmt |
| EOY | $7,097,314 | 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 | $24,071,841 | BOYAmt |
| EOY | $24,208,295 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,834,349 | BOYAmt |
| EOY | $8,604,242 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,906,190 | BOYAmt |
| EOY | $32,812,537 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,710,924 | BOYAmt |
| EOY | $39,909,851 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$760,289 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $666,636 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| 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 | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
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
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $13,175,412 | BeginningYearBalanceAmt |
| Contributions | $157,253 | ContributionsAmt |
| Investment Earnings Or Losses | $1,697,870 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $4,170,278 | AdministrativeExpensesAmt |
| End Year Balance | $10,860,257 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $12,939,075 | BeginningYearBalanceAmt |
| Contributions | $102,025 | ContributionsAmt |
| Investment Earnings Or Losses | $237,840 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $103,528 | GrantsOrScholarshipsAmt |
| End Year Balance | $13,175,412 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $12,360,679 | BeginningYearBalanceAmt |
| Contributions | $120,283 | ContributionsAmt |
| Investment Earnings Or Losses | $575,508 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $117,395 | GrantsOrScholarshipsAmt |
| End Year Balance | $12,939,075 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $10,714,170 | BeginningYearBalanceAmt |
| Contributions | $1,060,813 | ContributionsAmt |
| Investment Earnings Or Losses | $625,209 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $39,513 | OtherExpendituresAmt |
| End Year Balance | $12,360,679 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,611,699 | BeginningYearBalanceAmt |
| Contributions | $25,515 | ContributionsAmt |
| Investment Earnings Or Losses | $1,077,056 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $100 | OtherExpendituresAmt |
| End Year Balance | $10,714,170 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.59600 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.39700 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.00700 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,436,400 | OtherCostOrOtherBasisAmt |
| Book Value | $7,436,400 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,885,521 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,367,279 | DepreciationAmt |
| Book Value | $5,518,242 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $22,372,535 | OtherCostOrOtherBasisAmt |
| Depreciation | $14,627,036 | DepreciationAmt |
| Book Value | $7,745,499 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,033,747 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,641,765 | DepreciationAmt |
| Book Value | $391,982 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,558,548 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,182,690 | DepreciationAmt |
| Book Value | $2,375,858 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $23,467,981 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCRUED EMPLOYEES SALARIES & BENEFITS | $1,187,466 |
| PPP LOAN | $2,000,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,187,466 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $19,248,979 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $666,636 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $666,636 | RevenueNotReportedAmt |
| Revenue Subtotal | $18,582,343 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $35,960 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $8,343,264 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $8,379,224 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $26,961,567 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $19,342,632 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $19,342,632 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $35,960 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $8,343,264 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $8,379,224 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $27,721,856 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 8,343,264. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID ASSISTANCE RECOGNIZED AS GRANTS TO INDIVIDUALS 8,343,264. |
| FORM 990, PART X, LINE 25 - PPP LOAN ADVANCE FORGIVENESS | IN JANUARY 2021, THE SBA ANNOUNCED A SECOND DRAW OF PAYCHECK PROTECTION PROGRAM LOANS FOR ELIGIBLE ENTITIES. IN FEBRUARY 2021, THE UNIVERSITY WAS APPROVED TO RECEIVE $2,000,000 OF PAYCHECK PROTECTION PROGRAM FUNDS. PER THE TERMS OF THE LOAN, THE FULL AMOUNT WILL BE FORGIVEN AS LONG AS LOAN PROCEEDS ARE USED TO COVER PAYROLL COSTS AND OTHER SPECIFIED NONPAYROLL COSTS (PROVIDED ANY NONPAYROLL COSTS DO NOT EXCEED 40% OF THE FORGIVEN AMOUNT) OVER A 24-WEEK PERIOD AFTER THE LOAN IS MADE; AND EMPLOYEE AND COMPENSATION LEVELS ARE MAINTAINED. THE UNIVERSITY INTENDS TO COMPLY WITH THE ABOVE TERMS IN ORDER TO QUALIFY FOR FULL OR PARTIAL LOAN FORGIVENESS. TO THE EXTENT IT IS NOT FORGIVEN, THE UNIVERSITY WOULD BE REQUIRED TO REPAY THAT PORTION AT AN INTEREST RATE OF 1% OVER A PERIOD OF FIVE YEARS, WITH A FINAL INSTALLMENT ESTIMATED BY FEBRUARY 2026. GIVEN THAT FULL FORGIVENESS IS ANTICIPATED, THE FULL AMOUNT IS PRESENTED AS LONG TERM PAYABLE IN THE FISCAL YEAR ENDING JUNE 30, 2026. |
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 | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| HEERF I STUDENT GRANTS | 6 | $18,108 |
| HEERF II STUDENT GRANTS | 435 | $449,280 |
| INSTITUTIONAL AND ENDOWED SCHOLARSHIPS/GRANTS | 513 | $7,875,875 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| 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 (4 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ARIANE SCHAUER | ||||||||||||||
| PROVOST & EXECUTIVE VICE PRESIDENT | $200,000 | $0 | $0 | $0 | $0 | $0 | $11,879 | $0 | $8,195 | $0 | $220,074 | $0 | $0 | $0 |
| ROBYN JONES | ||||||||||||||
| VICE PRESIDENT OF ENROLLMENT MANAGEM | $165,000 | $0 | $0 | $0 | $0 | $0 | $26,000 | $0 | $570 | $0 | $191,570 | $0 | $0 | $0 |
| BRIAN MARCOTTE | ||||||||||||||
| PRESIDENT | $182,500 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $182,500 | $0 | $0 | $0 |
| RYAN ALCANTARA | ||||||||||||||
| VP OF STUDENT AFFAIRS & DEAN OF STUD | $147,000 | $0 | $0 | $0 | $0 | $0 | $8,836 | $0 | $0 | $0 | $155,836 | $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 | 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 THE MANAGEMENT, THE RETURN WAS PROVIDED TO THE REST OF 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 - PPP LOAN FORGIVENESS | 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. |
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