Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $367,350

• 1f · All other contributions, gifts and grants

  $11,149

• 2a · Program service revenue: TUITION

  total $23,565,738 · related or exempt $23,565,738

• 2b · Program service revenue: STUDENT FEES

  total $43,590 · related or exempt $43,590

• 2f · All other program service revenue

  total $23,019 · related or exempt $23,019

• 3 · Investment income

  total $63,423 · excluded $63,423

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $461,934 · program services $461,934

• 5 · Compensation of officers, directors and key employees

  total $775,256 · management and general $775,256

• 7 · Other salaries and wages

  total $10,652,475 · program services $8,328,378 · management and general $2,324,097

• 8 · Pension plan contributions

  total $301,946 · program services $214,003 · management and general $87,943

• 9 · Other employee benefits

  total $1,419,951 · program services $1,095,855 · management and general $324,096

• 10 · Payroll taxes

  total $869,787 · program services $659,942 · management and general $209,845

• 11b · Fees: legal

  total $100,171 · management and general $100,171

• 11c · Fees: accounting

  total $65,028 · management and general $65,028

• 11g · Fees: other

  total $580,811 · program services $264,174 · management and general $316,637

• 12 · Advertising and promotion

  total $4,831,842 · program services $4,813,809 · management and general $18,033

• 13 · Office expenses

  total $131,351 · program services $13,061 · management and general $118,290

• 14 · Information technology

  total $999,032 · program services $251,181 · management and general $747,851

• 16 · Occupancy

  total $1,027,968 · management and general $1,027,968

• 17 · Travel

  total $79,673 · program services $40,278 · management and general $39,395

• 22 · Depreciation, depletion and amortization

  total $100,689 · program services $76,356 · management and general $24,333

• 24a · Other expenses: BAD DEBT

  total $352,128 · management and general $352,128

• 24b · Other expenses: GENERAL OPERATING

  total $154,429 · program services $37,834 · management and general $116,595

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $5,984,756 · end of year $7,361,842

• 4 · Accounts receivable

  beginning of year $2,757,613 · end of year $2,275,424

• 9 · Prepaid expenses and deferred charges

  beginning of year $727,856 · end of year $665,517

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

  $2,017,418

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

  $1,870,609

• 10c · Land, buildings and equipment, net

  beginning of year $126,365 · end of year $146,809

• 11 · Investments: publicly traded securities

  beginning of year $1,081,737 · end of year $1,124,519

• 15 · Other assets

  beginning of year $1,024,329 · end of year $270,084

• 17 · Accounts payable and accrued expenses

  beginning of year $1,197,935 · end of year $1,180,970

• 19 · Deferred revenue

  beginning of year $3,988,251 · end of year $3,870,366

• 25 · Other liabilities

  beginning of year $1,203,985 · end of year $310,576

• 27 · Net assets without donor restrictions

  beginning of year $5,312,485 · end of year $6,482,283

The filer's explanations (Part III)

PART I, LINE 1A

A PLANE TICKET VALUD AT LESS THAN $500 WAS PURCHASED TO ALLOW THE PRESIDENT'S SPOUSE TO TRAVEL WITH THE PRESIDENT IN FEBRUARY 2025 AND PARTICPATE IN THE PRESIDENTIAL INAUGURATION. THIS WAS DETERMINED BY THE BOARD TO BE A BONA FIDE BUSINESS EXPENSE AND THEREFORE WAS NOT TREATED AS COMPENSATION. UNITED TRAVEL CLUB MEMBERSHIP WAS PURCHASED FOR THE PRESIDENT VALUED AT $650. THE PURCHASE WAS DEEMED TO BE A BONA FIDE BUSINESS EXPENSE RELATED TO THE PRESIDENT'S TRAVEL FOR LAPU AND THEREFORE NOT TREATED AS COMPENSATION.

PART I, LINE 7

THE PRESIDENT WAS AWARDED A DISCRETIONARY BONUS DURING THE CALENDAR YEAR BASED ON ACHIEVEMENT OF ANNUAL FINANCIAL TARGETS. AMOUNTS WERE BASED ON A PERCENTAGE OF CURRENT PAY AND AT THE DISCRETION AND APPROVAL OF THE BOARD.

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

• AZUSA PACIFIC MEXICALI DE R L DE CV

  N/A · REAL ESTATE · MX