Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $271,253

• 1f · All other contributions, gifts and grants

  $18,003

• 2a · Program service revenue: Tuition

  total $21,801,018 · related or exempt $21,801,018

• 2b · Program service revenue: Student fees

  total $44,872 · related or exempt $44,872

• 2f · All other program service revenue

  total $21,877 · related or exempt $21,877 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $69,361 · excluded $69,361

• 6a · Gross rents

  real property $53,976

• 6b · Less rental expenses

  real property $71,895

• 6c · Rental income or loss

  real property -$17,919 · personal property $0

• 6d · Net rental income or loss

  total -$17,919 · excluded -$17,919

• 7a · Gross sales of assets other than inventory

  securities $1,526,681 · other assets $705

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

  securities $1,526,681 · other assets $281

• 7c · Gain or loss

  securities $0 · other assets $424

• 7d · Net gain or loss

  total $424 · excluded $424

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $446,183 · program services $446,183

• 5 · Compensation of officers, directors and key employees

  total $602,569 · management and general $602,569

• 7 · Other salaries and wages

  total $9,848,683 · program services $7,762,593 · management and general $2,086,090

• 8 · Pension plan contributions

  total $288,281 · program services $207,403 · management and general $80,878

• 9 · Other employee benefits

  total $1,342,013 · program services $1,037,854 · management and general $304,159

• 10 · Payroll taxes

  total $787,184 · program services $605,604 · management and general $181,580

• 11b · Fees: legal

  total $16,108 · management and general $16,108

• 11c · Fees: accounting

  total $47,147 · management and general $47,147

• 11g · Fees: other

  total $651,666 · program services $411,633 · management and general $240,033 · fundraising $0

• 12 · Advertising and promotion

  total $4,946,379 · program services $4,920,973 · management and general $25,406

• 13 · Office expenses

  total $130,016 · program services $6,924 · management and general $123,092

• 14 · Information technology

  total $869,310 · program services $222,781 · management and general $646,529

• 16 · Occupancy

  total $924,612 · management and general $924,612

• 17 · Travel

  total $54,972 · program services $21,877 · management and general $33,095

• 22 · Depreciation, depletion and amortization

  total $96,084 · program services $74,089 · management and general $21,995

• 24a · Other expenses: Bad Debt

  total $577,053 · management and general $577,053

• 24b · Other expenses: General Operating

  total $168,748 · program services $57,937 · management and general $110,811

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $4,843,407 · end of year $5,984,756

• 4 · Accounts receivable

  beginning of year $2,410,573 · end of year $2,757,613

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $571,600 · end of year $727,856

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

  $1,896,285

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

  $1,769,920

• 10c · Land, buildings and equipment, net

  beginning of year $176,086 · end of year $126,365

• 11 · Investments: publicly traded securities

  beginning of year $1,526,681 · end of year $1,081,737

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $1,792,866 · end of year $1,024,329

• 17 · Accounts payable and accrued expenses

  beginning of year $767,198 · end of year $1,197,935

• 19 · Deferred revenue

  beginning of year $3,613,950 · end of year $3,988,251

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $2,039,461 · end of year $1,203,985

• 27 · Net assets without donor restrictions

  beginning of year $4,900,604 · end of year $5,312,485

The filer's explanations (Part III)

Schedule J, Part I, Line 7 Non-fixed payments

Employees were awarded discretionary bonuses during the calendar year. Amounts were based on internal criteria (i.e. longevity, employment status, etc.) and were based on a percentage of current pay. Bonuses were communicated to the Board of Directors prior to payment. Bonuses paid to the President were communicated to the Board and approved by the Board Chair.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• Pacific Educational Resources

  Online education · CA · income $0 · assets $0

  Directly controlled by Los Angeles Pacific University

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• Azusa Ensenada S de R L de CV

  N/A · Real estate · MX

  Directly controlled by NA

• Azusa Pacific Mexicali de R L de CV

  N/A · Real estate · MX

  Directly controlled by NA