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Nonprofiteer
← VANGUARD UNIVERSITY OF SO CA

Form 990 for tax year 2024

Filed by VANGUARD UNIVERSITY OF SO CA.

Totals

Total revenue
$97,645,736
Total expenses
$96,818,116
Contributions and grants received
$8,587,136
Grants paid
$36,653,551
Program service revenue
$88,148,831
Investment income
$431,108
Other revenue
$478,661
Total assets, end of year
$119,604,674
Total liabilities, end of year
$67,571,418
Net assets or fund balances, end of year
$52,033,256
Program services expenses (Part IX)
$75,451,410
Management and general expenses
$20,637,552
Fundraising expenses
$729,154
Program service expenses (Part III)
$75,451,410

Program services were 77.9% 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.

  • 1c · Fundraising events

    $29,493

  • 1d · Related organizations

    $722,822

  • 1e · Government grants (contributions)

    $762,234

  • 1f · All other contributions, gifts and grants

    $7,072,587

  • 1g · Noncash contributions included above

    $242,494

  • 2a · Program service revenue: STUDENT TUITION FEES

    total $75,904,619 · related or exempt $75,904,619

  • 2b · Program service revenue: AUXILLARY ENTERPRISES

    total $11,244,562 · related or exempt $11,244,562

  • 2c · Program service revenue: SUPPORT SERVICES

    total $999,650 · related or exempt $999,650

  • 3 · Investment income

    total $431,108 · excluded $431,108

  • 5 · Royalties

    total $1,963 · excluded $1,963

  • 6a · Gross rents

    real property $702,316

  • 6b · Less rental expenses

    real property $338,326

  • 6c · Rental income or loss

    real property $363,990

  • 6d · Net rental income or loss

    total $363,990 · unrelated business -$5,346 · excluded $369,336

  • 7a · Gross sales of assets other than inventory

    securities $20,252,828

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

    securities $20,252,828

  • 7c · Gain or loss

    securities $0

  • 8a · Fundraising events: gross income

    $201,138

  • 8a · Fundraising events: contributions included on line 1c

    $29,493

  • 8b · Fundraising events: direct expenses

    $88,430

  • 8c · Net income from fundraising events

    total $112,708 · excluded $112,708

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $36,653,551 · program services $36,653,551

  • 5 · Compensation of officers, directors and key employees

    total $1,271,249 · program services $228,976 · management and general $1,042,273

  • 7 · Other salaries and wages

    total $26,071,307 · program services $19,994,605 · management and general $5,726,286 · fundraising $350,416

  • 8 · Pension plan contributions

    total $636,261 · program services $424,091 · management and general $212,170

  • 9 · Other employee benefits

    total $2,728,610 · program services $1,541,094 · management and general $1,116,541 · fundraising $70,975

  • 10 · Payroll taxes

    total $1,738,605 · program services $1,293,417 · management and general $445,188

  • 11b · Fees: legal

    total $138,500 · management and general $138,500

  • 11c · Fees: accounting

    total $168,322 · management and general $168,322

  • 11d · Fees: lobbying

    total $15,000 · management and general $15,000

  • 11f · Fees: investment management

    total $7,638 · management and general $7,638

  • 11g · Fees: other

    total $9,820,419 · program services $6,239,498 · management and general $3,488,106 · fundraising $92,815

  • 13 · Office expenses

    total $2,660,175 · program services $892,493 · management and general $1,683,998 · fundraising $83,684

  • 16 · Occupancy

    total $2,893,587 · program services $752,114 · management and general $2,141,473

  • 17 · Travel

    total $1,643,686 · program services $1,394,669 · management and general $200,103 · fundraising $48,914

  • 19 · Conferences, conventions and meetings

    total $260,586 · program services $180,658 · management and general $79,928

  • 20 · Interest

    total $1,513,628 · management and general $1,513,628

  • 22 · Depreciation, depletion and amortization

    total $5,008,616 · program services $4,475,102 · management and general $502,321 · fundraising $31,193

  • 23 · Insurance

    total $821,011 · program services $2,789 · management and general $818,222

  • 24a · Other expenses: SUPPLIES & EQUIPMENT

    total $843,106 · program services $456,087 · management and general $387,019

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $445,121 · program services $218,681 · management and general $226,440

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $155,011 · program services $105,694 · management and general $49,317

  • 24e · All other expenses

    total $1,324,127 · program services $597,891 · management and general $675,079 · fundraising $51,157

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,713,752 · end of year $2,879,344

  • 2 · Savings and temporary cash investments

    beginning of year $1,507,000 · end of year $1,141,364

  • 3 · Pledges and grants receivable

    beginning of year $6,513,272 · end of year $6,372,677

  • 4 · Accounts receivable

    beginning of year $2,525,852 · end of year $2,581,523

  • 7 · Other notes and loans receivable

    beginning of year $379,215 · end of year $289,593

  • 9 · Prepaid expenses and deferred charges

    beginning of year $827,820 · end of year $932,778

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

    $165,000,337

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

    $65,340,672

  • 10c · Land, buildings and equipment, net

    beginning of year $97,461,062 · end of year $99,659,665

  • 11 · Investments: publicly traded securities

    beginning of year $1,871,504 · end of year $4,155,355

  • 12 · Investments: other securities

    beginning of year $1,199,356 · end of year $739,386

  • 15 · Other assets

    beginning of year $1,064,730 · end of year $852,989

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,628,894 · end of year $4,371,446

  • 19 · Deferred revenue

    beginning of year $2,625,435 · end of year $2,537,988

  • 20 · Tax-exempt bond liabilities

    beginning of year $50,100,468 · end of year $58,038,869

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $1,700,000

  • 25 · Other liabilities

    beginning of year $4,416,010 · end of year $923,115

  • 27 · Net assets without donor restrictions

    beginning of year $30,461,090 · end of year $40,557,623

  • 28 · Net assets with donor restrictions

    beginning of year $20,831,666 · end of year $11,475,633

Mission and programs · 2024

Mission

THE MISSION OF VANGUARD UNIVERSITY IS TO PURSUE KNOWLEDGE, CULTIVATE CHARACTER, DEEPEN FAITH, AND EQUIP EACH STUDENT FOR A SPIRIT-EMPOWERED LIFE OF CHRIST-CENTERED LEADERSHIP AND SERVICE.

Activities or mission (Part I)

TO PURSUE KNOWLEDGE, CULTIVATE CHARACTER, DEEPEN FAITH, AND EQUIP EACH STUDENT FOR A SPIRIT-EMPOWERED LIFE OF CHRIST-CENTERED LEADERSHIP AND SERVICE.

  • TRADITIONAL UNDERGRADUATE: BACHELORS DEGREES IN 37 MAJORS AND ONE CERTIFICATE PROGRAM IN ANTI-HUMAN TRAFFICKING. VANGUARD STUDENTS ARE IMMERSED IN A LEARNING ENVIRONMENT THAT IS DESIGNED FOR STUDENT SUCCESS BOTH IN AND OUT OF THE CLASSROOM. VANGUARD'S COMMITMENT TO STUDENT LEARNING AND DEVELOPMENT PROMOTES ACADEMIC TRANSFORMATION BY CULTIVATING STUDENTS TO THINK CRITICALLY, COMMUNICATE CLEARLY, INTERACT INTELLIGENTLY AND ENGAGE IN CIVIC RESPONSIBILITIES. VANGUARD'S RELATIONAL CULTURE REFLECTS THE UNIVERSITY'S CORE VALUES TO ENCOURAGE SPEAKING TO ONE ANOTHER WITH UNCOMPROMISED TRUTH IN LOVE; LIVE IN COMMUNITY WITH INTEGRITY AND UNYIELDING MORAL CHARACTER; AND TO CARE FOR THE WELL-BEING OF ONE ANOTHER. THESE CORE VALUES ARE EVIDENCED IN LOCAL AND GLOBAL PROJECTS.

    Expenses $68,768,895 · Grants $36,309,470 · Revenue $80,887,294

  • THE PROFESSIONAL STUDIES PROGRAM IS A NON-TRADITIONAL PROGRAM BY WHICH STUDENTS CAN EARN AN ACCELERATED BACHELOR'S DEGREE IN BUSINESS, PSYCHOLOGY, THEOLOGY, NURSING (REGISTERED NURSE TO BACHELOR OF SCIENCE IN NURSING), AND EARLY CHILDHOOD. THERE ARE ALSO THREE CERTIFICATE PROGRAMS AVAILABLE: EARLY CHILDHOOD, ANTI-HUMAN TRAFFICKING, AND MINISTRY LEADERSHIP THAT ARE AVAILABLE TO NON-DEGREE SEEKING STUDENTS. THE VISION FOR OUR NON-TRADITIONAL STUDENT PROGRAM IS TO BE ORANGE COUNTY'S TOP CHOICE FOR AN ACCELERATED EDUCATION WITH A CHRISTIAN FOUNDATION, A PLACE WHERE STUDENTS ARE EMPOWERED TO DISCERN THEIR CALLING, DISCOVER THEIR GIFTEDNESS, AND DEVELOP THEIR COMPETENCIES.

    Expenses $1,352,739 · Grants $29,552 · Revenue $1,469,950

  • THE GRADUATE PROGRAM IN EDUCATION OFFERS A PRELIMINARY CREDENTIAL PROGRAM AND A MASTER OF ARTS PROGRAM. ELIGIBLE STUDENTS MAY APPLY THEIR CREDENTIAL COURSEWORK TOWARD A SUBSEQUENT MASTER OF ARTS IN EDUCATION. THE PRELIMINARY TEACHING CREDENTIAL PROGRAM IS COMPOSED OF THE MULTIPLE SUBJECT CREDENTIAL AND THE SINGLE SUBJECT CREDENTIAL. BOTH CREDENTIAL OPTIONS ARE ACCREDITED BY THE CALIFORNIA COMMISSION ON TEACHER CREDENTIALING. THE MASTER OF ARTS IN EDUCATION IS OFFERED WITH FOUR CONCENTRATIONS: (1) CURRICULUM AND INSTRUCTION (WITH PRELIMINARY CREDENTIAL), (2) CHRISTIAN EDUCATION LEADERSHIP (WITH PRELIMINARY CREDENTIAL), (3) CHRISTIAN EDUCATION LEADERSHIP (WITHOUT PRELIMINARY CREDENTIAL), AND (4) TEACHER LEADERSHIP.

    Expenses $1,008,581 · Grants $6,014 · Revenue $1,095,972

  • OTHER MISCELLANEOUS UNDERGRADUATE AND GRADUATE PROGRAMS.

    Expenses $4,321,195 · Grants $308,515 · Revenue $4,695,615

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Beals Michael

    PRESIDENT

    Total calculated
    $428,686
    From this org
    $299,933
    From related orgs
    $0
    Other
    $128,753
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $287,933
    Bonus
    $0
    Other
    $12,000
    Deferred
    $29,380
    Nontaxable benefits
    $99,373
    Filer's total
    $428,686

  • De Leon Jr Daniel

    CORPORATE/BOARD SECRETARY

    Total calculated
    $3,600
    From this org
    $3,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Green Doug

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Heath Cindee

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Choi Tony

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Cowie Lettie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Frenn Cindee

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gonzales Nathan

    TRUSTEE (THRU 11/24)

    Total calculated
    $0
    Hours/week
    1

  • Guerra Rich

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kasper Kendall

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Klaus Byron

    TRUSTEE EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • Livingston Bonnie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Motske Jeff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Norman Michelle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Oddo David

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Oquist Dale

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Peugh Jim

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rediger Donn

    TRUSTEE EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • Robinette Phil

    TRUSTEE EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • Sweany Melinda

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tennison Don Allen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Vinson Steve

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Wallace Donna K

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Wondercheck Debora

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Pearlman Michael

    CHIEF FINANCIAL OFFICER

    Total calculated
    $180,032
    From this org
    $153,255
    From related orgs
    $0
    Other
    $26,777
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $153,255
    Bonus
    $0
    Other
    $0
    Deferred
    $6,931
    Nontaxable benefits
    $19,846
    Filer's total
    $180,032

  • Moser Jeremy

    CHIEF FINANCIAL OFFICER (THRU 8/24)

    Total calculated
    $181,290
    From this org
    $83,679
    From related orgs
    $0
    Other
    $97,611
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $83,679
    Bonus
    $0
    Other
    $0
    Deferred
    $13,953
    Nontaxable benefits
    $83,658
    Filer's total
    $181,290

  • Hartwig Ryan

    VP FOR ACADEMIC AFFAIRS/PROVOST

    Total calculated
    $233,859
    From this org
    $71,580
    From related orgs
    $0
    Other
    $162,279
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $65,580
    Bonus
    $0
    Other
    $6,000
    Deferred
    $17,442
    Nontaxable benefits
    $144,837
    Filer's total
    $233,859

  • Johnson Kimberly

    VP FOR ENROLLMENT MANAGEMENT

    Total calculated
    $230,147
    From this org
    $230,147
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,147
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $230,147

  • Lebrecht Amanda

    VP FOR STUDENT DEVELOPMENT

    Total calculated
    $178,324
    From this org
    $155,290
    From related orgs
    $0
    Other
    $23,034
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,290
    Bonus
    $0
    Other
    $6,000
    Deferred
    $13,725
    Nontaxable benefits
    $9,309
    Filer's total
    $178,324

  • McIntee Justin

    VP FOR UNIVERSITY ADVANCEMENT

    Total calculated
    $257,487
    From this org
    $152,838
    From related orgs
    $0
    Other
    $104,649
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $140,838
    Bonus
    $0
    Other
    $12,000
    Deferred
    $6,587
    Nontaxable benefits
    $98,062
    Filer's total
    $257,487

  • Shurance Michael Associate

    VP FOR GPE STRATEGY AND ENROLLMENT

    Total calculated
    $183,500
    From this org
    $148,988
    From related orgs
    $0
    Other
    $34,512
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,988
    Bonus
    $0
    Other
    $6,000
    Deferred
    $6,661
    Nontaxable benefits
    $27,851
    Filer's total
    $183,500

  • Espinoza Reginaldo

    DEAN OF STRATEGY AND INNOVATION

    Total calculated
    $185,692
    From this org
    $147,957
    From related orgs
    $0
    Other
    $37,735
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,957
    Bonus
    $0
    Other
    $0
    Deferred
    $5,493
    Nontaxable benefits
    $32,242
    Filer's total
    $185,692

  • Bussell Jeffrey

    DIRECTOR OF ATHLETICS

    Total calculated
    $138,982
    From this org
    $138,982
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 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 1A
HOUSING ALLOWANCE IS PROVIDED TO THE FOLLOWING INDIVIDUALS. THE BENEFIT IS TREATED AS A NON-TAXABLE BENEFIT, DUE TO THE MINISTERIAL EXCEPTION. - PRESIDENT - CHIEF FINANCIAL OFFICER - VP FOR UNIVERSITY ADVANCEMENT` - VP FOR ACADEMIC AFFAIRS/PROVOST

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

No itemized grants to organizations on this return.

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.

  • VANGUARD UNIVERSITY FOUNDATION

    501(C)(3) · UNIVERSITY ENDOWED SCHOLARSHIPS · CA · controlled entity

    Directly controlled by VANGUARD UNIVERSITY OF SO CAL

  • SOUTHERN CALIFORNIA DISTRICT COUNCIL OF THE ASSEMBLIES OF GOD

    501(C)(3) · A DISTRICT OF THE GENERAL COUNCIL OF ASSEMBLIES OF GOD (USA) · CA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

  • VU HOLDINGS LLC

    HOLDING OF ASSETS - OIL/GAS RIGHTS · CA · income $4,480 · assets $2,941

    Directly controlled by VANGUARD UNIVERSITY OF SO CAL

Provenance

Return type
form_990
Tax year
2024
Filed
1 May 2026
IRS schema version
2024v5.5
Source object
202611219349301686

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