Form 990 for tax year 2022
Filed by UNIVERSITY OF SOUTHERN CALIFORNIA.
Totals
- Total revenue
- $5,119,320,238
- Total expenses
- $5,076,481,275
- Contributions and grants received
- $1,038,579,958
- Grants paid
- $775,730,369
- Program services expenses (Part IX)
- $4,377,064,708
- Management and general expenses
- $618,594,268
- Fundraising expenses
- $80,822,299
- Program service expenses (Part III)
- $4,377,064,708
Program services were 86.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
LINCOLN RILEY
HEAD FOOTBALL COACH
- Total calculated
- $19,659,862
- From this org
- $19,583,861
- From related orgs
- $0
- Other
- $76,001
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $9,967,417
- Bonus
- $0
- Other
- $9,616,444
- Deferred
- $30,500
- Nontaxable benefits
- $45,501
- Filer's total
- $19,659,862
-
CAROL L FOLT
PRESIDENT/TRUSTEE
- Total calculated
- $4,628,109
- From this org
- $3,673,614
- From related orgs
- $0
- Other
- $954,495
- Hours/week
- 50 + 2.25 related
Schedule J breakdown matched by us
- Base
- $1,766,635
- Bonus
- $850,000
- Other
- $1,056,979
- Deferred
- $931,667
- Nontaxable benefits
- $22,828
- Filer's total
- $4,628,109
-
ALEXANDER GRINCH
ASSISTANT FOOTBALL COACH
- Total calculated
- $4,344,289
- From this org
- $4,305,761
- From related orgs
- $0
- Other
- $38,528
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $1,966,034
- Bonus
- $0
- Other
- $2,339,727
- Deferred
- $0
- Nontaxable benefits
- $38,528
- Filer's total
- $4,344,289
-
ANDY ENFIELD
MEN'S HEAD BASKETBALL COACH
- Total calculated
- $4,204,107
- From this org
- $4,128,982
- From related orgs
- $0
- Other
- $75,125
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $3,558,175
- Bonus
- $179,000
- Other
- $391,807
- Deferred
- $30,500
- Nontaxable benefits
- $44,625
- Filer's total
- $4,204,107
-
CHARLES HELTON
See Schedule O for title
- Total calculated
- $3,987,310
- From this org
- $3,987,310
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $3,987,310
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $3,987,310
-
VAUGHN STARNES MD
CHAIR & DIST PROG SURGERY
- Total calculated
- $3,801,525
- From this org
- $3,729,112
- From related orgs
- $0
- Other
- $72,413
- Hours/week
- 0 + 50.5 related
Schedule J breakdown matched by us
- Base
- $3,415,992
- Bonus
- $0
- Other
- $313,120
- Deferred
- $30,500
- Nontaxable benefits
- $41,913
- Filer's total
- $3,801,525
-
LOUIS VANDERMOLEN MD
PROFESSOR OF CLINICAL MEDICINE
- Total calculated
- $3,749,856
- From this org
- $3,550,383
- From related orgs
- $0
- Other
- $199,473
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $3,154,023
- Bonus
- $0
- Other
- $396,360
- Deferred
- $158,833
- Nontaxable benefits
- $40,640
- Filer's total
- $3,749,856
-
STEVEN D SHAPIRO
SEE SCHEDULE O FOR TITLE
- Total calculated
- $3,430,161
- From this org
- $2,859,021
- From related orgs
- $0
- Other
- $571,140
- Hours/week
- 50 + 8 related
Schedule J breakdown matched by us
- Base
- $1,522,927
- Bonus
- $1,000,000
- Other
- $336,094
- Deferred
- $530,500
- Nontaxable benefits
- $40,640
- Filer's total
- $3,430,161
-
CHRYSOSTOMOS L NIKIAS
SEE SCHEDULE O FOR TITLE
- Total calculated
- $3,101,492
- From this org
- $3,050,050
- From related orgs
- $0
- Other
- $51,442
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $853,954
- Bonus
- $0
- Other
- $2,196,096
- Deferred
- $30,500
- Nontaxable benefits
- $20,942
- Filer's total
- $3,101,492
-
CHARLES F ZUKOSKI
SEE SCHEDULE O FOR TITLE
- Total calculated
- $2,199,544
- From this org
- $2,033,036
- From related orgs
- $0
- Other
- $166,508
- Hours/week
- 50 + 2.25 related
Schedule J breakdown matched by us
- Base
- $845,814
- Bonus
- $50,000
- Other
- $1,137,222
- Deferred
- $130,500
- Nontaxable benefits
- $36,008
- Filer's total
- $2,199,544
-
ROD HANNERS
CEO KECK MEDICINE OF USC
- Total calculated
- $2,064,680
- From this org
- $2,006,403
- From related orgs
- $0
- Other
- $58,277
- Hours/week
- 50 + 7.5 related
Schedule J breakdown matched by us
- Base
- $1,176,716
- Bonus
- $596,612
- Other
- $233,075
- Deferred
- $30,500
- Nontaxable benefits
- $27,777
- Filer's total
- $2,064,680
-
JAMES M STATEN
SEE SCHEDULE O FOR TITLE
- Total calculated
- $1,995,159
- From this org
- $1,916,188
- From related orgs
- $0
- Other
- $78,971
- Hours/week
- 50 + 10.75 related
Schedule J breakdown matched by us
- Base
- $1,524,938
- Bonus
- $100,000
- Other
- $291,250
- Deferred
- $30,500
- Nontaxable benefits
- $48,471
- Filer's total
- $1,995,159
-
AMY DIAMOND
CHIEF INVESTMENT OFFICER
- Total calculated
- $1,829,822
- From this org
- $1,383,294
- From related orgs
- $0
- Other
- $446,528
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $849,541
- Bonus
- $382,969
- Other
- $150,784
- Deferred
- $413,469
- Nontaxable benefits
- $33,059
- Filer's total
- $1,829,822
-
FELICIA A WASHINGTON
SVP, HUMAN RESOURCES
- Total calculated
- $1,521,387
- From this org
- $1,458,231
- From related orgs
- $0
- Other
- $63,156
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $675,346
- Bonus
- $300,000
- Other
- $482,885
- Deferred
- $30,500
- Nontaxable benefits
- $32,656
- Filer's total
- $1,521,387
-
BEONG-SOO KIM
SVP & GENERAL COUNSEL
- Total calculated
- $1,413,546
- From this org
- $1,176,988
- From related orgs
- $0
- Other
- $236,558
- Hours/week
- 50 + 8 related
Schedule J breakdown matched by us
- Base
- $737,879
- Bonus
- $300,000
- Other
- $139,109
- Deferred
- $230,500
- Nontaxable benefits
- $6,058
- Filer's total
- $1,413,546
-
CAROLYN MELTZER MD
SEE SCHEDULE O FOR TITLE
- Total calculated
- $1,315,907
- From this org
- $1,287,546
- From related orgs
- $0
- Other
- $28,361
- Hours/week
- 50 + 4.5 related
Schedule J breakdown matched by us
- Base
- $1,070,879
- Bonus
- $216,667
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $28,361
- Filer's total
- $1,315,907
-
GEOFFREY GARRETT
DEAN, MARSHALL SCHOOL OF BUS.
- Total calculated
- $1,233,888
- From this org
- $1,168,269
- From related orgs
- $0
- Other
- $65,619
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $842,254
- Bonus
- $150,000
- Other
- $176,015
- Deferred
- $30,500
- Nontaxable benefits
- $35,119
- Filer's total
- $1,233,888
-
LAURA MOSQUEDA
SEE SCHEDULE O FOR TITLE
- Total calculated
- $1,105,272
- From this org
- $1,050,551
- From related orgs
- $0
- Other
- $54,721
- Hours/week
- 50 + 0.5 related
Schedule J breakdown matched by us
- Base
- $836,431
- Bonus
- $125,000
- Other
- $89,120
- Deferred
- $30,500
- Nontaxable benefits
- $24,221
- Filer's total
- $1,105,272
-
TRACEY VRANICH
SEE SCHEDULE O FOR TITLE
- Total calculated
- $930,738
- From this org
- $870,417
- From related orgs
- $0
- Other
- $60,321
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $648,381
- Bonus
- $125,000
- Other
- $97,036
- Deferred
- $30,500
- Nontaxable benefits
- $29,821
- Filer's total
- $930,738
-
DAVID W WRIGHT
SVP, ADMINISTRATION
- Total calculated
- $868,231
- From this org
- $807,003
- From related orgs
- $0
- Other
- $61,228
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $500,741
- Bonus
- $200,000
- Other
- $106,262
- Deferred
- $30,500
- Nontaxable benefits
- $30,728
- Filer's total
- $868,231
-
ISHWAR K PURI
SEE SCHEDULE O FOR TITLE
- Total calculated
- $828,116
- From this org
- $787,829
- From related orgs
- $0
- Other
- $40,287
- Hours/week
- 50 + 0.25 related
Schedule J breakdown matched by us
- Base
- $629,626
- Bonus
- $91,667
- Other
- $66,536
- Deferred
- $23,933
- Nontaxable benefits
- $16,354
- Filer's total
- $828,116
-
ERIK BRINK
SEE SCHEDULE O FOR TITLE
- Total calculated
- $798,824
- From this org
- $697,286
- From related orgs
- $0
- Other
- $101,538
- Hours/week
- 50 + 8 related
Schedule J breakdown matched by us
- Base
- $560,155
- Bonus
- $80,000
- Other
- $57,131
- Deferred
- $30,500
- Nontaxable benefits
- $71,038
- Filer's total
- $798,824
-
AMBER MILLER
SEE SCHEDULE O FOR TITLE
- Total calculated
- $752,693
- From this org
- $690,690
- From related orgs
- $0
- Other
- $62,003
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $538,174
- Bonus
- $50,000
- Other
- $102,516
- Deferred
- $30,500
- Nontaxable benefits
- $31,503
- Filer's total
- $752,693
-
SAMUEL GARRISON
SVP, UNIVERSITY RELATIONS
- Total calculated
- $726,820
- From this org
- $650,495
- From related orgs
- $0
- Other
- $76,325
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $455,920
- Bonus
- $125,000
- Other
- $69,575
- Deferred
- $30,500
- Nontaxable benefits
- $45,825
- Filer's total
- $726,820
-
MICHAEL QUICK
SEE SCHEDULE O FOR TITLE
- Total calculated
- $685,331
- From this org
- $643,189
- From related orgs
- $0
- Other
- $42,142
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $590,828
- Bonus
- $0
- Other
- $52,361
- Deferred
- $30,500
- Nontaxable benefits
- $11,642
- Filer's total
- $685,331
-
YANNIS C YORTSOS
DEAN, VITERBI SCHOOL OF ENG.
- Total calculated
- $644,480
- From this org
- $576,935
- From related orgs
- $0
- Other
- $67,545
- Hours/week
- 50 + 0.25 related
Schedule J breakdown matched by us
- Base
- $485,475
- Bonus
- $65,000
- Other
- $26,460
- Deferred
- $30,500
- Nontaxable benefits
- $37,045
- Filer's total
- $644,480
-
KYLE HENLEY
SEE SCHEDULE O FOR TITLE
- Total calculated
- $619,456
- From this org
- $560,634
- From related orgs
- $0
- Other
- $58,822
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $441,562
- Bonus
- $0
- Other
- $119,072
- Deferred
- $16,250
- Nontaxable benefits
- $42,572
- Filer's total
- $619,456
-
ELIZABETH GRADDY
SEE SCHEDULE O FOR TITLE
- Total calculated
- $606,073
- From this org
- $555,972
- From related orgs
- $0
- Other
- $50,101
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $461,025
- Bonus
- $50,000
- Other
- $44,947
- Deferred
- $30,500
- Nontaxable benefits
- $19,601
- Filer's total
- $606,073
-
NARSING RAO MD
SEE SCHEDULE O FOR TITLE
- Total calculated
- $479,426
- From this org
- $416,122
- From related orgs
- $0
- Other
- $63,304
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $384,522
- Bonus
- $0
- Other
- $31,600
- Deferred
- $30,500
- Nontaxable benefits
- $32,804
- Filer's total
- $479,426
-
CAROLYN DOMEN-BROSHEARS
SECRETARY OF THE UNIVERSITY
- Total calculated
- $475,922
- From this org
- $437,088
- From related orgs
- $0
- Other
- $38,834
- Hours/week
- 50 + 6.25 related
Schedule J breakdown matched by us
- Base
- $353,679
- Bonus
- $50,000
- Other
- $33,409
- Deferred
- $30,500
- Nontaxable benefits
- $8,334
- Filer's total
- $475,922
-
GLENN OSAKI
SEE SCHEDULE O FOR TITLE
- Total calculated
- $436,184
- From this org
- $363,159
- From related orgs
- $0
- Other
- $73,025
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $320,354
- Bonus
- $0
- Other
- $42,805
- Deferred
- $29,538
- Nontaxable benefits
- $43,487
- Filer's total
- $436,184
-
GARETH JAMES
SEE SCHEDULE O FOR TITLE
- Total calculated
- $234,800
- From this org
- $210,489
- From related orgs
- $0
- Other
- $24,311
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $189,989
- Bonus
- $0
- Other
- $20,500
- Deferred
- $21,344
- Nontaxable benefits
- $2,967
- Filer's total
- $234,800
-
DAVID BROWN
SEE SCHEDULE O FOR TITLE
- Total calculated
- $189,128
- From this org
- $153,998
- From related orgs
- $0
- Other
- $35,130
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $108,066
- Bonus
- $0
- Other
- $45,932
- Deferred
- $16,160
- Nontaxable benefits
- $18,970
- Filer's total
- $189,128
-
SUZANNE NORA JOHNSON
TRUSTEE, CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
STEPHANIE A ARGYROS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
MARC R BENIOFF
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
CORII D BERG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
ROBERT D BEYER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
DAVID C BOHNETT
TRUSTEE, VICE CHR AS OF 6/7/23
- Total calculated
- $0
- Hours/week
- 2
-
ROBERT A BRADWAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
RICK J CARUSO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
DAVID H DORNSIFE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
MICHELE DEDEAUX ENGEMANN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
MICHAEL A FELIX
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
JOHN M IINO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
STEPHEN M KECK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
KENNETH R KLEIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
JAIME L LEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
KATHY LEVENTHAL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
WILLIAM J MCMORROW
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
JOHN MORK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
OSCAR MUNOZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
ROD Y NAKAMOTO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
CARMEN NAVA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
SHELLY L NEMIROVSKY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
DOMINIC NG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
AMY A ROSS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2 + 5 related
-
FREDERICK J RYAN JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
LEONARD D SCHAEFFER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
WILLIAM E B SIART
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
JEFFREY H SMULYAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
HELIANE M STEDEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
RONALD D SUGAR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
TRACY M SYKES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
DANIEL M TSAI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
WENXUE WANG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
SCOTT RABENOLD
SVP, UNIV ADV. AS OF 2/1/23
- Total calculated
- $0
- Hours/week
- 50
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 — 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
- 1a · First-class or charter travel
- 1a · Travel for companions
- 1a · Tax indemnification and gross-up payments
- 1a · Housing allowance or residence for personal use
- 1a · Health or social club dues or initiation fees
- 1a · Personal services (maid, chauffeur, chef)
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
- 9 · Followed the rebuttable-presumption procedure
Answered no
- 1b · Written policy on the line-1a expenses
- 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
The filer's explanations (Part III)
- PART I, LINE 1A AND LINE 1B:
- FIRST-CLASS TRAVEL: THE UNIVERSITY OF SOUTHERN CALIFORNIA REQUIRES THAT ECONOMY-CLASS (COACH) TRAVEL BE UTILIZED FOR UNIVERSITY BUSINESS. FIRST AND BUSINESS CLASS AIR TRAVEL IS ONLY ALLOWED WHEN THERE IS ADVANCE WRITTEN APPROVAL, WHEN IT IS NECESSARY FOR MEDICAL REASONS, OR WHEN COACH CLASS IS UNAVAILABLE. THERE IS NO VALUE INCLUDED IN THE INDIVIDUAL'S FORM W-2 AS TAXABLE INCOME AS ONLY BUSINESS TRAVEL EXPENSES ARE PAID. THE INDIVIDUALS LISTED IN FORM 990, PART VII WHO FLEW FIRST CLASS DURING CALENDAR YEAR 2022 INCLUDED THREE OFFICERS AND TWO KEY EMPLOYEES. CHARTER TRAVEL: THE UNIVERSITY OF SOUTHERN CALIFORNIA UTILIZES CHARTER TRAVEL ON OCCASION FOR ATHLETIC TEAM EVENTS FOR CERTAIN INDIVIDUALS AS PART OF THEIR OFFICIAL RESPONSIBILITIES TO THE UNIVERSITY OF SOUTHERN CALIFORNIA. THERE IS NO VALUE IN THE INDIVIDUAL'S FORM W-2 AS TAXABLE INCOME AS ONLY BUSINESS TRAVEL EXPENSES ARE PAID FOR SUCH ATHLETIC TEAM EVENTS. THE INDIVIDUALS LISTED IN FORM 990, PART VII WHO UTILIZED CHARTER TRAVEL FOR ATHLETIC TEAM EVENTS DURING CALENDAR YEAR 2022 INCLUDED TWO HIGHEST COMPENSATED EMPLOYEES. ONE HIGHEST COMPENSATED EMPLOYEE UTILIZED CHARTER TRAVEL DURING CALENDAR YEAR 2022 FOR PERSONAL TRAVEL WHICH WAS PROVIDED FOR IN THEIR EMPLOYMENT CONTRACT AND WAS INCLUDED IN TAXABLE COMPENSATION ON FORM W-2. SUCH AMOUNTS ARE REPORTED ON SCHEDULE J, PART II, COLUMN B(III). TRAVEL FOR COMPANIONS: THE UNIVERSITY OF SOUTHERN CALIFORNIA REQUIRES THAT ECONOMY-CLASS (COACH) TRAVEL BE UTILIZED FOR COMPANIONS. BUSINESS CLASS AIR TRAVEL IS ONLY ALLOWED WHEN THERE IS ADVANCE WRITTEN APPROVAL. THE INDIVIDUALS LISTED IN FORM 990, PART VII WHO UTILIZED TRAVEL FOR A COMPANION FOR BUSINESS PURPOSES DURING CALENDAR YEAR 2022 INCLUDED ONE OFFICER AND ONE HIGHEST COMPENSATED EMPLOYEE. ONE HIGHEST COMPENSATED EMPLOYEE UTILIZED TRAVEL FOR COMPANIONS FOR BUSINESS AND NON-BUSINESS PURPOSES DURING CALENDAR YEAR 2022 WHICH WAS PROVIDED FOR IN THEIR EMPLOYMENT CONTRACT. THE VALUE OF THE NON-BUSINESS TRAVEL WAS INCLUDED IN TAXABLE COMPENSATION ON FORM W-2. SUCH AMOUNTS ARE REPORTED ON SCHEDULE J, PART II, COLUMN B(III). TAX GROSS-UP PAYMENTS: DURING CALENDAR YEAR 2022 ONE OFFICER, TWO HIGHEST COMPENSATED EMPLOYEES AND ONE FORMER HIGHEST COMPENSATED EMPLOYEE RECEIVED TAX GROSS-UP PAYMENTS. THE PAYMENTS ARE REPORTED ON FORM W-2 AS TAXABLE COMPENSATION AND ARE REPORTED ON SCHEDULE J, PART II, COLUMN (B) (III). RESIDENCE FOR PERSONAL USE: ONE OFFICER HAD USE OF A UNIVERSITY OWNED CONDOMINIUM DURING CALENDAR YEAR 2022 WHICH WAS PROVIDED FOR IN THAT OFFICER'S EMPLOYMENT CONTRACT AND THE IMPUTED VALUE WAS INCLUDED IN TAXABLE COMPENSATION ON FORM W-2. SUCH AMOUNT IS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). AS THE UNIVERSITY DOES NOT HAVE ON-CAMPUS HOUSING AVAILABLE FOR THE PRESIDENT'S USE BUT REQUIRES THE PRESIDENT TO LIVE IN A PRESIDENTIAL HOME AS A CONDITION OF EMPLOYMENT, THE PRESIDENT (DR. FOLT) WAS PROVIDED WITH OFF CAMPUS HOUSING PURSUANT TO HER EMPLOYMENT AGREEMENT. BECAUSE THE PROVISION OF OFF-CAMPUS HOUSING IS TAXABLE, THE BOARD DETERMINED IT WAS APPROPRIATE TO GROSS UP THE HOUSING BENEFIT. THE GROSSED UP BENEFIT WAS NOT DIRECTLY PROVIDED TO THE PRESIDENT AS CASH COMPENSATION BUT WAS INSTEAD REPORTED ON FORM W-2 AS TAXABLE INCOME AND IS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: PAYMENT TO OR REIMBURSEMENT FOR AN INDIVIDUAL'S MEMBERSHIP IN, OR DUES TO, A PRIVATE CLUB FOR BUSINESS PURPOSES IS MADE AVAILABLE IN CERTAIN EMPLOYMENT CONTRACTS OR IS OTHERWISE APPROVED BY THE APPLICABLE SENIOR VICE PRESIDENT OR THE PRESIDENT. THE VALUE OF MEMBERSHIPS PROVIDED FOR BUSINESS PURPOSES IS NOT INCLUDED IN AN INDIVIDUAL'S FORM W-2 AS TAXABLE INCOME. ANY PERSONAL USE OF THESE MEMBERSHIPS IS PAID FOR BY THE INDIVIDUAL. THE INDIVIDUALS LISTED IN FORM 990, PART VII WHO WERE PROVIDED WITH MEMBERSHIP IN, OR DUES TO, A PRIVATE CLUB DURING CALENDAR YEAR 2022 INCLUDED FOUR OFFICERS, ONE KEY EMPLOYEE, TWO HIGHEST COMPENSATED EMPLOYEES, ONE FORMER OFFICER AND ONE FORMER KEY EMPLOYEE. PERSONAL SERVICES: CERTAIN INDIVIDUALS RECEIVED PERSONAL SERVICES, INCLUDING FINANCIAL PLANNING. SUCH SERVICES ARE MADE AVAILABLE IN EMPLOYMENT CONTRACTS AND THE VALUE OF THE SERVICES, IF USED, WAS INCLUDED IN THE INDIVIDUAL'S FORM W-2 AS TAXABLE INCOME AND IS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). THE LISTED INDIVIDUALS WHO RECEIVED SUCH BENEFIT DURING CALENDAR YEAR 2022 INCLUDED FOUR OFFICERS, ONE HIGHEST COMPENSATED EMPLOYEE, AND ONE FORMER OFFICER. THE PRESIDENT RECEIVED HOUSE MANAGEMENT SERVICES PURSUANT TO HER CONTRACT. THE VALUE OF THE SERVICES NOT RELATED TO UNIVERSITY BUSINESS WAS REPORTED ON FORM W-2 AS TAXABLE INCOME AND IS REPORTED ON SCHEDULE J, PART II, COLUMN B(III). ONE OFFICER, ONE HIGHEST COMPENSATED EMPLOYEE, AND ONE FORMER OFFICER RECEIVED THE SERVICES OF A CAR AND DRIVER. SUCH SERVICES WERE APPROVED AS PART OF THE INDIVIDUALS' EMPLOYMENT CONTRACTS, AND THE VALUES OF TAXABLE SERVICES WERE INCLUDED IN THE INDIVIDUALS' FORM W-2 AS TAXABLE INCOME AND ARE REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III).
- PART I, LINE 4A:
- CHARLES HELTON, IN CONNECTION WITH HIS RESIGNATION OF HIS POSITION AND SEPARATION FROM THE UNIVERSITY, WAS ENTITLED TO SEPARATION PAYMENTS. SEPARATION PAYMENTS INCLUDED A SERIES OF MONTHLY PAYMENTS WHICH TOTALED $3,984,261 DURING CALENDAR YEAR 2022. THESE AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III).
- PART I, LINE 4B:
- CAROL FOLT: DURING THE CALENDAR YEAR THE PRESIDENT PARTICIPATED IN TWO RETENTION PROGRAMS. UNDER THE FIRST PLAN, A PAYMENT OF $2,000,000 (ACCRUING AT $666,667 PER FISCAL YEAR, PLUS INTEREST, BEGINNING ON JULY 1, 2021, SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE) IS SCHEDULED TO VEST AND BE PAYABLE IN 2024. A RATABLE ACCRUAL OF $666,667 FROM CALENDAR YEAR 2022 IS INCLUDED IN SCHEDULE J, PART II, COLUMN (C). UNDER THE SECOND PLAN, 10% OF THE PRESIDENT'S COMBINED BASE SALARY AND BONUS LESS THE PRESIDENT'S SECTION 401(A) CONTRIBUTION FOR THE YEAR IS DEFERRED SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE, AND SCHEDULED TO VEST (PLUS INTEREST) AND BE PAYABLE IN 2024. THE PLAN WAS EFFECTIVE STARTING IN DECEMBER 2021. A RATABLE ACCRUAL OF $234,500 FROM THE CALENDAR YEAR IS INCLUDED IN SCHEDULE J, PART II, COLUMN (C). BEONG-SOO KIM: DURING CALENDAR YEAR 2022, SENIOR VICE PRESIDENT & GENERAL COUNSEL, PARTICIPATED IN A RETENTION PROGRAM. A PAYMENT OF $1,000,000 (ACCRUING AT $200,000 PER YEAR) IS SCHEDULED TO VEST AND BE PAYABLE IN 2026 SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. AN ACCRUAL OF $200,000 HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (C). STEVEN D. SHAPIRO: UNDER HIS EMPLOYMENT AGREEMENT, THE SENIOR VICE PRESIDENT OF HEALTH AFFAIRS WAS ELIGIBLE FOR BONUSES IN GUARANTEED AMOUNTS. A PAYMENT OF $1,000,000 VESTED AND WAS PAYABLE IN JUNE 2022. ANOTHER PAYMENT OF AT LEAST $750,000 IS SCHEDULED TO VEST AND BE PAYABLE IN JUNE 2023. THE BONUSES ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. A RATABLE ACCRUAL OF $375,000 HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (C). DURING CALENDAR YEAR 2022, HE PARTICIPATED IN A RETENTION PROGRAM. A PAYMENT OF $1,000,000 (ACCRUING AT $200,000 PER YEAR) IS SCHEDULED TO VEST AND BE PAYABLE IN 2026 SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. AN ACCRUAL OF $125,000 HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (C). FELICIA A. WASHINGTON: DURING CALENDAR YEAR 2022, SVP, HUMAN RESOURCES, PARTICIPATED IN A RETENTION PROGRAM. A PAYMENT OF $200,000 (ACCRUING AT $100,000 PER YEAR) VESTED AND WAS PAYABLE IN CALENDAR YEAR 2022 AND HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). THIS PLAN WAS SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. CHARLES ZUKOSKI: DURING CALENDAR YEAR 2022, PROVOST AND SENIOR VICE PRESIDENT, ACADEMIC AFFAIRS, PARTICIPATED IN A RETENTION PROGRAM. A PAYMENT OF $500,000 (ACCRUING AT $100,000 PER YEAR) IS SCHEDULED TO VEST AND BE PAYABLE IN 2024 SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. AN ACCRUAL OF $100,000 HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (C). AS CHARLES ZUKOSKI STEPPED DOWN FROM HIS OFFICER POSITION AT THE UNIVERSITY ON DECEMBER 31, 2022, HE WILL NOT RECEIVE A CALENDAR YEAR 2023 ACCRUAL OR A 2024 PAYMENT UNDER THIS RETENTION PROGRAM. AMY DIAMOND: THE CHIEF INVESTMENT OFFICER IS ELIGIBLE TO RECEIVE AN ANNUAL AWARD DETERMINED BY PERFORMANCE AGAINST PRE-DESIGNATED TARGET BENCHMARKS. FIFTY PERCENT OF EACH ANNUAL INCENTIVE AWARD IS DEFERRED AND PAID AT THE END OF A TWO-YEAR DEFERRAL PERIOD AND IS SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. THE PLAN IS REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE. THE 2022 PAYMENT HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(II). AN ACCRUAL OF $382,969 HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (C). GEOFFREY GARRETT: UNDER HIS EMPLOYMENT AGREEMENT, DEAN, MARSHALL SCHOOL OF BUSINESS, WAS ENTITLED TO A BONUS IN A GUARANTEED AMOUNT OF $150,000 DURING CALENDAR YEAR 2022 SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. THE PAYMENT AMOUNT HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(II). ROD HANNERS: DURING CALENDAR YEAR 2022, CEO OF KECK MEDICINE OF USC, PARTICIPATED IN A RETENTION PROGRAM. THE RETENTION AWARDS ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. A PAYMENT OF $250,000 VESTED IN DECEMBER 2021 AND WAS PAID IN FEBRUARY 2022. THE PAYMENT AMOUNT HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(II). ANOTHER PAYMENT OF $250,000 WAS SCHEDULED TO VEST IN DECEMBER 2022 AND BE PAYABLE IN JANUARY 2023. A RATABLE ACCRUAL OF $0 HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (C) AS THE PAYMENT WAS MADE WITHIN TWO AND A HALF MONTHS AFTER THE END OF CALENDAR YEAR 2022. LOUIS VANDERMOLEN: DURING CALENDAR YEAR 2022, PROFESSOR OF CLINICAL MEDICINE, PARTICIPATED IN A RETENTION PROGRAM. A TOTAL OF $500,000 IS SCHEDULED TO VEST AND BE PAYABLE AT $100,000 PER YEAR FOR FIVE YEARS STARTING IN 2022 AND IS SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. THE PAYMENT AMOUNT OF $100,000 HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). FOR CALENDAR YEAR 2022 A RATABLE ACCRUAL OF $128,333 HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (C). CHRYSOSTOMOS L. NIKIAS: WHILE SERVING AS PRESIDENT, THE FORMER PRESIDENT (UNTIL 8/07/18) PARTICIPATED IN A NONQUALIFIED RETIREMENT PLAN (SERP). IN CALENDAR YEAR 2022, HE RECEIVED PAYMENTS FROM THIS PLAN WHICH WERE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. FOR CALENDAR YEAR 2022 AN AMOUNT OF $1,521,009 HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN B(III). OTHER: IN 1994 USC CREATED A 457(F) SUPPLEMENTAL RETIREMENT PLAN TO PROVIDE MAKE-UP BENEFITS TO EMPLOYEES WHOSE COMPENSATION EXCEEDED THE EARNINGS LIMITATION FOR CONTRIBUTIONS TO THE USC DEFINED CONTRIBUTION RETIREMENT PLAN. AS OF JANUARY 1, 2005, THE PLAN WAS FROZEN AND PARTICIPANTS, WITH RESPECT TO FUTURE MAKE-UP BENEFITS, WERE NO LONGER PERMITTED TO DEFER THESE BENEFITS.
- PART I, LINE 7:
- CERTAIN INDIVIDUALS LISTED IN SCHEDULE J, PART II RECEIVED MERIT BASED BONUSES AND THE AMOUNT OF SUCH BONUSES ARE SHOWN ON SCHEDULE J, PART II, COLUMN (B)(II). SEE ALSO LINE 4B DISCLOSURE FOR AMY DIAMOND.
- PART I, LINE 8:
- THE DEAN, KECK SCHOOL OF MEDICINE (AS OF 3/01/22), IS SERVING UNDER HER INITIAL CONTRACT WITH THE UNIVERSITY.
- PART II, COLUMN B(III)
- INCLUDED AS PART OF TAXABLE COMPENSATION ON FORM W-2 PROVIDED TO LINCOLN RILEY AND ALEXANDER GRINCH, LISTED IN FORM 990, PART VII, ARE THE VALUE OF THE INDIVIDUALS' BUY-OUT OBLIGATIONS TO THE INDIVIDUALS' PREVIOUS EMPLOYERS, THE VALUE OF WHICH IS INCLUDED IN SCHEDULE J, PART II, COLUMN B(III).
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
-
$1,708,044
GENERAL SUPPORT
-
$498,280
GENERAL SUPPORT
-
$35,000
GENERAL SUPPORT
-
Community Services Unlimited Inc
$32,880
GENERAL SUPPORT
-
OUR HOUSE Grief Support Center
$30,400
GENERAL SUPPORT
-
$28,500
GENERAL SUPPORT
-
$25,000
GENERAL SUPPORT
-
GENERAL SUPPORT
-
$24,500
GENERAL SUPPORT
-
$24,000
GENERAL SUPPORT
The 10 largest by cash amount. The API serves every itemized grant.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
AE MANN INSTIT FOR BIOMEDICAL ENGINEER
501(C)(3) · BIOMEDICAL · DE
Directly controlled by NA
-
501(C)(3) · EDUC. MEDIA · CA · controlled entity
Directly controlled by USC
-
501(C)(3) · USC SUPPORT · CA · controlled entity
Directly controlled by USC
-
501(C)(3) · MANAGED CARE · CA · controlled entity
Directly controlled by USC HEALTH
-
SURVIVORS OF SHOAH VISUAL HISTORY FDN
501(C)(3) · EDUC. MEDIA · CA · controlled entity
Directly controlled by USC
-
501(C)(3) · USC SUPPORT · CA
Directly controlled by NA
-
501(C)(3) · USC SUPPORT · PA
Directly controlled by NA
-
USC VERDUGO HILLS HOSPITAL FOUNDATION
501(C)(3) · USC SUPPORT · CA · controlled entity
Directly controlled by VHH
-
NAT'L HLTHCRE RESEARCH & EDUC FINANCE CO
501(C)(3) · USC SUPPORT · TX
Directly controlled by NA
-
501(C)(3) · USC SUPPORT · VT · controlled entity
Directly controlled by USC
-
501(C)(3) · USC SUPPORT · VT · controlled entity
Directly controlled by USC
-
501(C)(3) · USC SUPPORT · VT · controlled entity
Directly controlled by USC
-
501(C)(3) · USC SUPPORT · CA · controlled entity
Directly controlled by USC
-
501(C)(3) · HOSPITAL · CA · controlled entity
Directly controlled by USC HEALTH
-
501(C)(3) · HOSPITAL · CA · controlled entity
Directly controlled by USC HEALTH
-
501(C)(3) · HOSPITAL · CA · controlled entity
Directly controlled by USC HEALTH
-
USC ARCADIA HOSPITAL FOUNDATION
501(C)(3) · FUNDRAISING · CA · controlled entity
Directly controlled by USCAH
-
501(C)(3) · SUPPORT ORG · CA · controlled entity
Directly controlled by USCAH
-
WOMEN'S AUXILIARY OF METHODIST HOSPITAL
501(C)(3) · HEALTHCARE · CA
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421369349305377
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.