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Nonprofiteer
← MARYMOUNT CALIFORNIA UNIVERSITY

Form 990 for tax year 2022

Filed by MARYMOUNT CALIFORNIA UNIVERSITY.

Totals

Total revenue
$38,977,537
Total expenses
$9,356,723
Contributions and grants received
$10,388
Grants paid
$558,210
Program service revenue
$439,578
Investment income
$38,418,983
Other revenue
$108,588
Total assets, end of year
$52,856,479
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$52,856,479
Program services expenses (Part IX)
$3,063,429
Management and general expenses
$6,293,294
Fundraising expenses
$0
Program service expenses (Part III)
$3,063,429

Program services were 32.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $10,388

  • 2a · Program service revenue: TUITION & FEES

    total $276,199 · related or exempt $276,199

  • 2b · Program service revenue: AUXILIARY ENTERPRISES

    total $155,809 · related or exempt $155,809

  • 2c · Program service revenue: STUDENT SERVICES

    total $7,570 · related or exempt $7,570

  • 3 · Investment income

    total $1,222,721 · excluded $1,222,721

  • 7a · Gross sales of assets other than inventory

    securities $3,598,815 · other assets $80,172,214

  • 7b · Less cost or other basis and sales expenses

    securities $4,275,204 · other assets $42,299,563

  • 7c · Gain or loss

    securities -$676,389 · other assets $37,872,651

  • 7d · Net gain or loss

    total $37,196,262 · excluded $37,196,262

  • 11a · Other revenue: RECOVERY OF BAD DEBT EXPENSE

    total $103,483 · excluded $103,483

  • 11b · Other revenue: INSURANCE CLAIM

    total $5,095 · excluded $5,095

  • 11c · Other revenue: RECOVERY OF INDIRECT COSTS

    total $10 · excluded $10

  • 11e · Other revenue, total

    $108,588

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $550,000 · program services $550,000

  • 2 · Grants to domestic individuals

    total $8,210 · program services $8,210

  • 5 · Compensation of officers, directors and key employees

    total $870,056 · program services $161,447 · management and general $708,609

  • 7 · Other salaries and wages

    total $2,010,975 · program services $1,054,750 · management and general $956,225

  • 8 · Pension plan contributions

    total $67,068 · program services $52,650 · management and general $14,418

  • 9 · Other employee benefits

    total $462,536 · program services $296,573 · management and general $165,963

  • 10 · Payroll taxes

    total $185,472 · program services $71,505 · management and general $113,967

  • 11b · Fees: legal

    total $393,146 · management and general $393,146

  • 11c · Fees: accounting

    total $125,450 · management and general $125,450

  • 11f · Fees: investment management

    total $24,406 · management and general $24,406

  • 11g · Fees: other

    total $725,983 · program services $393,239 · management and general $332,744

  • 12 · Advertising and promotion

    total $2,141 · management and general $2,141

  • 13 · Office expenses

    total $55,163 · program services $10,581 · management and general $44,582

  • 14 · Information technology

    total $358,221 · program services $59,244 · management and general $298,977

  • 16 · Occupancy

    total $298,670 · program services $273,996 · management and general $24,674

  • 20 · Interest

    total $573,202 · management and general $573,202

  • 22 · Depreciation, depletion and amortization

    total $511,253 · management and general $511,253

  • 23 · Insurance

    total $990,690 · management and general $990,690

  • 24a · Other expenses: BANK & ADMIN FEES

    total $943,263 · program services $15,368 · management and general $927,895

  • 24b · Other expenses: UNIVERSITY SERVICES

    total $73,010 · program services $48,359 · management and general $24,651

  • 24c · Other expenses: OTHER EXPENSES

    total $69,798 · program services $63,073 · management and general $6,725

  • 24d · Other expenses: EQUIPMENT RENTAL

    total $58,010 · program services $4,434 · management and general $53,576

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $201,459 · end of year $79,013

  • 2 · Savings and temporary cash investments

    beginning of year $537,435 · end of year $114,009

  • 4 · Accounts receivable

    beginning of year $971,189 · end of year $438,166

  • 9 · Prepaid expenses and deferred charges

    beginning of year $238,151 · end of year $509,590

  • 10a · Land, buildings and equipment: cost or other basis

    $188,400

  • 10b · Land, buildings and equipment: accumulated depreciation

    $188,400

  • 10c · Land, buildings and equipment, net

    beginning of year $21,543,011 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $6,746,445 · end of year $51,412,848

  • 12 · Investments: other securities

    beginning of year $405,248 · end of year $302,853

  • 17 · Accounts payable and accrued expenses

    beginning of year $156,913 · end of year $0

  • 19 · Deferred revenue

    beginning of year $345,280 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $2,755,980 · end of year $0

  • 25 · Other liabilities

    beginning of year $3,014,614 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $17,339,031 · end of year $50,940,148

  • 28 · Net assets with donor restrictions

    beginning of year $7,031,120 · end of year $1,916,331

Mission and programs · 2022

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.

Activities or mission (Part I)

MARYMOUNT CALIFORNIA UNIVERSITY IS A CATHOLIC INSTITUTION THAT WELCOMES STUDENTS OF ALL FAITHS AND BACKGROUNDS INTO A QUALITY, VALUES-BASED EDUCATION.

  • STUDENT SERVICES - THE OFFICE OF FINANCIAL AID AWARDED TO APPROXIMATELY 20 STUDENTS SCHOLARSHIP AND FINANCIAL ASSISTANCE IN FISCAL YEAR 2022-2023. THESE WERE AWARDED IN THE MONTHS OF JULY AND AUGUST OF 2022.

    Expenses $900,641 · Grants $8,210 · Revenue $7,570

  • INSTRUCTION - THE COLLEGE SERVED APPROXIMATELY 80 FULL TIME EQUIVALENT COLLEGE STUDENTS IN FISCAL YEAR 2022-2023. THESE WERE SERVED DURING THE SUMMER TERM OF 2022, WHICH ENDED AUGUST 12, 2022.

    Expenses $721,400 · Revenue $276,199

  • AUXILIARY ENTERPRISES (E.G. STUDENT HOUSING, FOOD SERVICE AND TRANSPORTATION)

    Expenses $891,388 · Revenue $155,809

  • MARYMOUNT EDUCATION FOUNDATION GRANTS

    Expenses $550,000 · Grants $550,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ariane Schauer

    PROVOST & EXEC VP

    Total calculated
    $306,350
    From this org
    $275,385
    From related orgs
    $0
    Other
    $30,965
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    $50,000
    Other
    $25,385
    Deferred
    $10,541
    Nontaxable benefits
    $20,424
    Filer's total
    $306,350

  • Robyn Jones

    VP OF ENROLLMENT MGMT

    Total calculated
    $244,414
    From this org
    $227,193
    From related orgs
    $0
    Other
    $17,221
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,000
    Bonus
    $41,250
    Other
    $20,943
    Deferred
    $8,703
    Nontaxable benefits
    $8,518
    Filer's total
    $244,414

  • Ryan Alcantara

    VP OF S.A. & DEAN OF STUDENTS

    Total calculated
    $210,578
    From this org
    $202,408
    From related orgs
    $0
    Other
    $8,170
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,000
    Bonus
    $36,750
    Other
    $18,658
    Deferred
    $7,372
    Nontaxable benefits
    $798
    Filer's total
    $210,578

  • Richard Anderson

    CHIEF FINANCIAL OFFICER

    Total calculated
    $203,755
    From this org
    $193,000
    From related orgs
    $0
    Other
    $10,755
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,000
    Bonus
    $0
    Other
    $0
    Deferred
    $10,236
    Nontaxable benefits
    $519
    Filer's total
    $203,755

  • Brian Marcotte

    PRESIDENT

    Total calculated
    $182,500
    From this org
    $182,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,500
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $182,500

  • Kimberly Blue Wade

    DEPT. CHAIR OF MULTIDISCIPLINARY STUDIES

    Total calculated
    $190,725
    From this org
    $177,777
    From related orgs
    $0
    Other
    $12,948
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,777
    Bonus
    $0
    Other
    $0
    Deferred
    $6,570
    Nontaxable benefits
    $6,378
    Filer's total
    $190,725

  • Michael Semenoff

    DIRECTOR OF INSTITUTIONAL RESEARCH

    Total calculated
    $196,762
    From this org
    $166,696
    From related orgs
    $0
    Other
    $30,066
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $77,951
    Bonus
    $15,590
    Other
    $73,155
    Deferred
    $7,515
    Nontaxable benefits
    $22,551
    Filer's total
    $196,762

  • John Alexander

    CHAIR OF NATURAL AND HEALTH SCIENCES

    Total calculated
    $188,146
    From this org
    $165,188
    From related orgs
    $0
    Other
    $22,958
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,188
    Bonus
    $0
    Other
    $0
    Deferred
    $5,754
    Nontaxable benefits
    $17,204
    Filer's total
    $188,146

  • David Draper

    CHAIR OF BEHAVIORAL SCIENCE

    Total calculated
    $170,516
    From this org
    $161,813
    From related orgs
    $0
    Other
    $8,703
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,813
    Bonus
    $0
    Other
    $0
    Deferred
    $5,531
    Nontaxable benefits
    $3,172
    Filer's total
    $170,516

  • Bret Johnsen

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Rick Edler

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sr Antoine-Marie Baurier

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Caroline Sayers

    CHAIR, ADMISSIONS, RETENTION, S.A

    Total calculated
    $0
    Hours/week
    1

  • Dr Sue Soldoff

    DEVELOPMENT CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Christopher Warmuth

    AUDIT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Randy Bowers

    FINANCE COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Fr Mark Villano

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Hon Jose H Gomez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
MICHAEL SEMENOFF-$59,963 SEVERANCE PAY

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2022
Filed
23 February 2024
IRS schema version
2022v5.0
Source object
202420549349301137

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