Skip to content
Nonprofiteer
← UNIVERSITY OF SOUTHERN CALIFORNIA

Form 990 for tax year 2023

Filed by UNIVERSITY OF SOUTHERN CALIFORNIA.

Totals

Total revenue
$5,575,301,015
Total expenses
$5,537,774,928
Contributions and grants received
$1,338,148,373
Grants paid
$1,016,479,601
Program services expenses (Part IX)
$4,721,596,458
Management and general expenses
$724,713,852
Fundraising expenses
$91,464,618
Program service expenses (Part III)
$4,721,596,458

Program services were 85.3% 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
    $11,537,560
    From this org
    $11,458,647
    From related orgs
    $0
    Other
    $78,913
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $10,210,151
    Bonus
    $100,000
    Other
    $1,148,496
    Deferred
    $33,000
    Nontaxable benefits
    $45,913
    Filer's total
    $11,537,560

  • CAROL L FOLT

    PRESIDENT/TRUSTEE

    Total calculated
    $4,981,275
    From this org
    $4,004,857
    From related orgs
    $0
    Other
    $976,418
    Hours/week
    50 + 2.25 related

    Schedule J breakdown matched by us

    Base
    $1,963,839
    Bonus
    $850,000
    Other
    $1,191,018
    Deferred
    $951,667
    Nontaxable benefits
    $24,751
    Filer's total
    $4,981,275

  • ANDY ENFIELD

    MEN'S HEAD BASKETBALL COACH

    Total calculated
    $4,691,107
    From this org
    $4,267,118
    From related orgs
    $0
    Other
    $423,989
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $3,661,757
    Bonus
    $200,000
    Other
    $405,361
    Deferred
    $378,388
    Nontaxable benefits
    $45,601
    Filer's total
    $4,691,107

  • CHARLES HELTON

    SEE SCHEDULE O FOR TITLE

    Total calculated
    $4,250,000
    From this org
    $4,250,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $4,250,000
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $4,250,000

  • LOUIS VANDERMOLEN MD

    PROFESSOR OF CLINICAL MEDICINE

    Total calculated
    $4,031,824
    From this org
    $3,876,581
    From related orgs
    $0
    Other
    $155,243
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $3,433,377
    Bonus
    $1,000
    Other
    $442,204
    Deferred
    $111,333
    Nontaxable benefits
    $43,910
    Filer's total
    $4,031,824

  • VAUGHN STARNES MD

    CHAIR & DIST PROG SURGERY

    Total calculated
    $3,889,780
    From this org
    $3,810,717
    From related orgs
    $0
    Other
    $79,063
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $3,421,660
    Bonus
    $48,000
    Other
    $341,057
    Deferred
    $33,000
    Nontaxable benefits
    $46,063
    Filer's total
    $3,889,780

  • STEVEN D SHAPIRO MD

    SVP, HEALTH AFFAIRS

    Total calculated
    $3,317,744
    From this org
    $3,022,882
    From related orgs
    $0
    Other
    $294,862
    Hours/week
    50 + 8 related

    Schedule J breakdown matched by us

    Base
    $1,615,877
    Bonus
    $1,000,000
    Other
    $407,005
    Deferred
    $233,000
    Nontaxable benefits
    $61,862
    Filer's total
    $3,317,744

  • JENNIFER COHEN

    DIR ATHLETICS (AS OF 8/22/23)

    Total calculated
    $3,095,208
    From this org
    $3,001,135
    From related orgs
    $0
    Other
    $94,073
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $687,185
    Bonus
    $200,000
    Other
    $2,113,950
    Deferred
    $83,064
    Nontaxable benefits
    $11,009
    Filer's total
    $3,095,208

  • ROD HANNERS

    CEO KECK MEDICINE OF USC

    Total calculated
    $2,347,640
    From this org
    $2,288,159
    From related orgs
    $0
    Other
    $59,481
    Hours/week
    50 + 7.5 related

    Schedule J breakdown matched by us

    Base
    $1,287,277
    Bonus
    $771,374
    Other
    $229,508
    Deferred
    $33,000
    Nontaxable benefits
    $26,481
    Filer's total
    $2,347,640

  • AMY DIAMOND

    CHIEF INVESTMENT OFFICER

    Total calculated
    $1,975,902
    From this org
    $1,617,999
    From related orgs
    $0
    Other
    $357,903
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $926,150
    Bonus
    $440,225
    Other
    $251,624
    Deferred
    $322,750
    Nontaxable benefits
    $35,153
    Filer's total
    $1,975,902

  • CAROLYN MELTZER MD

    SEE SCHEDULE O FOR TITLE

    Total calculated
    $1,659,286
    From this org
    $1,608,522
    From related orgs
    $0
    Other
    $50,764
    Hours/week
    50 + 4.5 related

    Schedule J breakdown matched by us

    Base
    $1,286,022
    Bonus
    $200,000
    Other
    $122,500
    Deferred
    $11,267
    Nontaxable benefits
    $39,497
    Filer's total
    $1,659,286

  • FELICIA A WASHINGTON

    SVP, HUMAN RESOURCES

    Total calculated
    $1,525,314
    From this org
    $1,457,056
    From related orgs
    $0
    Other
    $68,258
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $720,316
    Bonus
    $300,000
    Other
    $436,740
    Deferred
    $33,000
    Nontaxable benefits
    $35,258
    Filer's total
    $1,525,314

  • BEONG-SOO KIM

    SVP & GENERAL COUNSEL

    Total calculated
    $1,510,140
    From this org
    $1,270,799
    From related orgs
    $0
    Other
    $239,341
    Hours/week
    50 + 8 related

    Schedule J breakdown matched by us

    Base
    $821,257
    Bonus
    $300,000
    Other
    $149,542
    Deferred
    $233,000
    Nontaxable benefits
    $6,341
    Filer's total
    $1,510,140

  • ERIK BRINK

    SEE SCHEDULE O FOR TITLE

    Total calculated
    $1,448,929
    From this org
    $1,302,529
    From related orgs
    $0
    Other
    $146,400
    Hours/week
    50 + 8 related

    Schedule J breakdown matched by us

    Base
    $1,029,324
    Bonus
    $150,000
    Other
    $123,205
    Deferred
    $69,458
    Nontaxable benefits
    $76,942
    Filer's total
    $1,448,929

  • GEOFFREY GARRETT

    DEAN, MARSHALL SCHOOL OF BUS.

    Total calculated
    $1,281,250
    From this org
    $1,215,875
    From related orgs
    $0
    Other
    $65,375
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $909,213
    Bonus
    $150,000
    Other
    $156,662
    Deferred
    $33,000
    Nontaxable benefits
    $32,375
    Filer's total
    $1,281,250

  • CHARLES F ZUKOSKI

    SEE SCHEDULE O FOR TITLE

    Total calculated
    $1,192,059
    From this org
    $1,120,070
    From related orgs
    $0
    Other
    $71,989
    Hours/week
    50 + 2.25 related

    Schedule J breakdown matched by us

    Base
    $928,113
    Bonus
    $0
    Other
    $191,957
    Deferred
    $33,000
    Nontaxable benefits
    $38,989
    Filer's total
    $1,192,059

  • ANDREW T GUZMAN

    SEE SCHEDULE O FOR TITLE

    Total calculated
    $1,113,830
    From this org
    $967,454
    From related orgs
    $0
    Other
    $146,376
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $760,690
    Bonus
    $35,000
    Other
    $171,764
    Deferred
    $33,000
    Nontaxable benefits
    $113,376
    Filer's total
    $1,113,830

  • ISHWAR K PURI

    SVP, RESEARCH & INNOVATION

    Total calculated
    $1,057,316
    From this org
    $1,003,519
    From related orgs
    $0
    Other
    $53,797
    Hours/week
    50 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $650,175
    Bonus
    $200,000
    Other
    $153,344
    Deferred
    $33,000
    Nontaxable benefits
    $20,797
    Filer's total
    $1,057,316

  • SCOTT RABENOLD

    SVP, UNIVERSITY ADVANCEMENT

    Total calculated
    $1,036,992
    From this org
    $965,493
    From related orgs
    $0
    Other
    $71,499
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $709,295
    Bonus
    $113,000
    Other
    $143,198
    Deferred
    $33,000
    Nontaxable benefits
    $38,499
    Filer's total
    $1,036,992

  • LAURA MOSQUEDA MD

    SEE SCHEDULE O FOR TITLE

    Total calculated
    $975,481
    From this org
    $917,736
    From related orgs
    $0
    Other
    $57,745
    Hours/week
    50 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $734,566
    Bonus
    $129,000
    Other
    $54,170
    Deferred
    $33,000
    Nontaxable benefits
    $24,745
    Filer's total
    $975,481

  • DAVID W WRIGHT

    SVP, ADMINISTRATION

    Total calculated
    $898,700
    From this org
    $832,660
    From related orgs
    $0
    Other
    $66,040
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $522,047
    Bonus
    $200,000
    Other
    $110,613
    Deferred
    $33,000
    Nontaxable benefits
    $33,040
    Filer's total
    $898,700

  • CHRYSOSTOMOS L NIKIAS

    SEE SCHEDULE O FOR TITLE

    Total calculated
    $884,586
    From this org
    $847,028
    From related orgs
    $0
    Other
    $37,558
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $252,876
    Bonus
    $0
    Other
    $594,152
    Deferred
    $24,125
    Nontaxable benefits
    $13,433
    Filer's total
    $884,586

  • ELIZABETH GRADDY

    SEE SCHEDULE O FOR TITLE

    Total calculated
    $806,603
    From this org
    $752,609
    From related orgs
    $0
    Other
    $53,994
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $608,678
    Bonus
    $81,250
    Other
    $62,681
    Deferred
    $33,000
    Nontaxable benefits
    $20,994
    Filer's total
    $806,603

  • AMBER MILLER

    SEE SCHEDULE O FOR TITLE

    Total calculated
    $792,401
    From this org
    $725,364
    From related orgs
    $0
    Other
    $67,037
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $569,955
    Bonus
    $50,000
    Other
    $105,409
    Deferred
    $33,000
    Nontaxable benefits
    $34,037
    Filer's total
    $792,401

  • SAMUEL GARRISON

    SVP, UNIVERSITY RELATIONS

    Total calculated
    $754,559
    From this org
    $671,078
    From related orgs
    $0
    Other
    $83,481
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $478,893
    Bonus
    $125,000
    Other
    $67,185
    Deferred
    $33,000
    Nontaxable benefits
    $50,481
    Filer's total
    $754,559

  • MICHAEL QUICK

    SEE SCHEDULE O FOR TITLE

    Total calculated
    $718,452
    From this org
    $673,260
    From related orgs
    $0
    Other
    $45,192
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $619,173
    Bonus
    $0
    Other
    $54,087
    Deferred
    $33,000
    Nontaxable benefits
    $12,192
    Filer's total
    $718,452

  • TRACEY VRANICH

    SEE SCHEDULE O FOR TITLE

    Total calculated
    $701,850
    From this org
    $637,121
    From related orgs
    $0
    Other
    $64,729
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $586,732
    Bonus
    $0
    Other
    $50,389
    Deferred
    $33,000
    Nontaxable benefits
    $31,729
    Filer's total
    $701,850

  • YANNIS C YORTSOS

    DEAN, VITERBI SCHOOL OF ENG.

    Total calculated
    $694,675
    From this org
    $621,776
    From related orgs
    $0
    Other
    $72,899
    Hours/week
    50 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $528,787
    Bonus
    $65,000
    Other
    $27,989
    Deferred
    $33,000
    Nontaxable benefits
    $39,899
    Filer's total
    $694,675

  • JAMES M STATEN

    SEE SCHEDULE O FOR TITLE

    Total calculated
    $658,442
    From this org
    $604,125
    From related orgs
    $0
    Other
    $54,317
    Hours/week
    50 + 10.75 related

    Schedule J breakdown matched by us

    Base
    $233,612
    Bonus
    $0
    Other
    $370,513
    Deferred
    $33,000
    Nontaxable benefits
    $21,317
    Filer's total
    $658,442

  • CAROLYN DOMEN-BROSHEARS

    SECRETARY OF THE UNIVERSITY

    Total calculated
    $534,484
    From this org
    $460,242
    From related orgs
    $0
    Other
    $74,242
    Hours/week
    50 + 6.25 related

    Schedule J breakdown matched by us

    Base
    $375,071
    Bonus
    $50,000
    Other
    $35,171
    Deferred
    $33,000
    Nontaxable benefits
    $41,242
    Filer's total
    $534,484

  • JOEL CURRAN

    SEE SCHEDULE O FOR TITLE

    Total calculated
    $530,352
    From this org
    $427,530
    From related orgs
    $0
    Other
    $102,822
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $285,267
    Bonus
    $100,000
    Other
    $42,263
    Deferred
    $99,167
    Nontaxable benefits
    $3,655
    Filer's total
    $530,352

  • GLENN OSAKI

    SEE SCHEDULE O FOR TITLE

    Total calculated
    $513,544
    From this org
    $401,341
    From related orgs
    $0
    Other
    $112,203
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $355,988
    Bonus
    $0
    Other
    $45,353
    Deferred
    $32,797
    Nontaxable benefits
    $79,406
    Filer's total
    $513,544

  • NARSING RAO MD

    SEE SCHEDULE O FOR TITLE

    Total calculated
    $481,381
    From this org
    $414,221
    From related orgs
    $0
    Other
    $67,160
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $382,121
    Bonus
    $1,000
    Other
    $31,100
    Deferred
    $32,100
    Nontaxable benefits
    $35,060
    Filer's total
    $481,381

  • KYLE HENLEY

    SEE SCHEDULE O FOR TITLE

    Total calculated
    $240,731
    From this org
    $209,072
    From related orgs
    $0
    Other
    $31,659
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $155,270
    Bonus
    $0
    Other
    $53,802
    Deferred
    $20,601
    Nontaxable benefits
    $11,058
    Filer's total
    $240,731

  • 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

  • JOHN M IINO

    See Schedule O for title

    Total calculated
    $21,037
    From this org
    $20,788
    From related orgs
    $0
    Other
    $249
    Hours/week
    50

  • 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 (UNTIL 3/12/24)

    Total calculated
    $0
    Hours/week
    2

  • ROBERT D BEYER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DAVID C BOHNETT

    TRUSTEE, VICE CHAIR

    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 (UNTIL 6/5/24)

    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

  • STAYCE D HARRIS

    TRUSTEE (AS OF 10/11/23)

    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 (UNTIL 6/5/2024)

    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

  • PATRICIA REON ROSKI

    TRUSTEE (AS OF 10/11/23)

    Total calculated
    $0
    Hours/week
    2

  • AMY A ROSS PHD

    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

  • MARK A STEVENS

    TRUSTEE (AS OF 6/5/2024)

    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

  • ALIA S TUTOR

    TRUSTEE (AS OF 6/5/2024)

    Total calculated
    $0
    Hours/week
    2

  • JOSEPH B UCUZOGLU

    TRUSTEE (AS OF 6/5/2024)

    Total calculated
    $0
    Hours/week
    2

  • WENXUE WANG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • NADINE WATT

    TRUSTEE (AS OF 6/5/2024)

    Total calculated
    $0
    Hours/week
    2

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 2023 INCLUDED SIX OFFICERS, FOUR KEY EMPLOYEES, THREE FORMER OFFICERS, AND ONE HIGHEST COMPENSATED EMPLOYEE. 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 2023 INCLUDED TWO HIGHEST COMPENSATED EMPLOYEES AND ONE TRUSTEE. ONE HIGHEST COMPENSATED EMPLOYEE UTILIZED CHARTER TRAVEL DURING CALENDAR YEAR 2023 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 2023 INCLUDED ONE HIGHEST COMPENSATED EMPLOYEE AND ONE TRUSTEE. ONE HIGHEST COMPENSATED EMPLOYEE UTILIZED TRAVEL FOR COMPANIONS FOR BUSINESS AND NON-BUSINESS PURPOSES DURING CALENDAR YEAR 2023 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 2023 ONE OFFICER, TWO HIGHEST COMPENSATED EMPLOYEES, AND TWO FORMER OFFICERS 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 2023 WHICH WAS PROVIDED FOR IN THE OFFICER'S EMPLOYMENT CONTRACT AND THE IMPUTED VALUE WAS INCLUDED IN TAXABLE COMPENSATION ON FORM W-2. SUCH AMOUNTS ARE 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 2023 INCLUDED SIX OFFICERS, THREE KEY EMPLOYEES, TWO FORMER OFFICERS, 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 2023 INCLUDED FOUR OFFICERS, ONE HIGHEST COMPENSATED EMPLOYEE, AND THREE FORMER OFFICERS. 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 AND ONE HIGHEST COMPENSATED EMPLOYEE RECEIVED THE SERVICES OF A CAR AND DRIVER. SUCH SERVICES WERE APPROVED, 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 $4,250,000 DURING CALENDAR YEAR 2023. 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 IN 2024 AND BE PAYABLE BETWEEN VESTING DATE AND MARCH 2025. A RATABLE ACCRUAL OF $666,667 FROM CALENDAR YEAR 2023 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 IS SCHEDULED TO VEST IN 2024 AND BE PAYABLE BETWEEN VESTING DATE AND MARCH 2025. THE PLAN WAS EFFECTIVE STARTING IN DECEMBER 2021. A RATABLE ACCRUAL OF $252,000 FROM CALENDAR YEAR 2023 IS INCLUDED IN SCHEDULE J, PART II, COLUMN (C). ERIK BRINK: UNDER HIS EMPLOYMENT AGREEMENT EFFECTIVE SEPTEMBER 13, 2023, THE CFO WAS ENTITLED TO A SIGNING BONUS OF $250,000 (ACCRUING AT $125,000 PER YEAR) SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE, WHICH IS SCHEDULED TO VEST AND BE PAYABLE IN 2025. FOR CALENDAR YEAR 2023 A RATABLE ACCRUAL OF $36,458 HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (C). JOEL CURRAN: UNDER HIS EMPLOYMENT AGREEMENT EFFECTIVE JULY 1, 2023, THE SENIOR VICE PRESIDENT AND CHIEF COMMUNICATIONS OFFICER WAS ENTITLED TO A SIGNING BONUS (SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE) IN THE AMOUNT OF $500,000, $100,000 OF WHICH WAS PAID IN 2023, AND THE REMAINDER OF WHICH IS SCHEDULED TO VEST AND BE PAYABLE AT $100,000 PER YEAR FOR FOUR YEARS STARTING IN 2024. THE FIRST PAYMENT OF $100,000 HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN B(II). FOR CALENDAR YEAR 2023 A RATABLE ACCRUAL OF $99,167 HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (C). BEONG-SOO KIM: DURING CALENDAR YEAR 2023, 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. MD: UNDER HIS EMPLOYMENT AGREEMENT, THE SENIOR VICE PRESIDENT OF HEALTH AFFAIRS WAS ELIGIBLE FOR A DEFERRED BONUS. DURING CALENDAR YEAR 2023 HE WAS ELIGIBLE TO RECEIVE A PAYMENT IN THE GREATER AMOUNT OF $750,000 OR BASED ON PERFORMANCE METRICS. A PAYMENT OF $1,000,000 WAS PAID OUT IN CALENDAR YEAR 2023 AND HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN B(II). HE ALSO PARTICIPATED IN A RETENTION BONUS PLAN IN WHICH 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). 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 APPROVED BY THE INVESTMENT COMMITTEE AND RATIFIED BY THE COMPENSATION COMMITTEE. THE 2023 PAYMENT HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(II). AN ACCRUAL OF $289,750 HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (C). ROD HANNERS: DURING CALENDAR YEAR 2023, CEO OF KECK MEDICINE OF USC, PARTICIPATED IN A RETENTION PROGRAM. THE RETENTION AWARD WAS SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. A PAYMENT OF $250,000 VESTED ON DECEMBER 31, 2022 AND WAS PAID IN JANUARY 2023. THE PAYMENT AMOUNT HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(II). JENNIFER COHEN: UNDER HER EMPLOYMENT AGREEMENT EFFECTIVE AUGUST 22, 2023, THE DIRECTOR OF ATHLETICS PARTICIPATED IN A RETENTION PROGRAM, SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE, WHICH PROVIDED FOR A PAYMENT OF $450,000 TO VEST AND BE PAID ON JUNE 30, 2026 AND FOR A SECOND PAYMENT OF $450,000 TO VEST AND BE PAID ON JUNE 30, 2029. FOR CALENDAR YEAR 2023 A RATABLE ACCRUAL OF $83,064 HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (C). ANDY ENFIELD: DURING CALENDAR YEAR 2023, MEN'S HEAD BASKETBALL COACH, PARTICIPATED IN A RETENTION PROGRAM WHERE HE WAS ELIGIBLE FOR RETENTION BONUSES, SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE, IN THE AMOUNT OF $300,000 ANNUALLY IN 2024 THROUGH 2027. AN ACCRUAL OF $345,388 HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (C). HOWEVER, AS HE SEPARATED FROM THE UNIVERSITY IN 2024, HE WILL NOT RECEIVE ANY PAYMENTS UNDER THIS RETENTION PROGRAM. LOUIS VANDERMOLEN, MD: DURING CALENDAR YEAR 2023, 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 2023 A RATABLE ACCRUAL OF $78,333 HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (C). CHRYSOSTOMOS L. NIKIAS: THE FORMER PRESIDENT (UNTIL 8/07/18) PARTICIPATES IN A NONQUALIFIED RETIREMENT PLAN (SERP). AMOUNTS WERE CREDITED DURING HIS TERM AS PRESIDENT, SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE, AND WILL VEST ACCORDING TO A PREDETERMINED SCHEDULE. NO AMOUNTS VESTED OR WERE CREDITED TO THE PLAN IN CALENDAR YEAR 2023. 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 SENIOR VICE PRESIDENT, UNIVERSITY ADVANCEMENT AND SENIOR VICE PRESIDENT AND CHIEF COMMUNICATIONS OFFICER ARE SERVING UNDER THEIR INITIAL CONTRACTS WITH THE UNIVERSITY.
PART II, COLUMN B(III)
INCLUDED AS PART OF TAXABLE COMPENSATION ON FORM W-2 PROVIDED TO ATHLETIC DIRECTOR, JENNIFER COHEN, LISTED IN FORM 990, PART VII, IS THE VALUE OF HER BUY-OUT OBLIGATIONS TO THE HER PREVIOUS EMPLOYER, 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202521359349301822

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.