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Nonprofiteer
← VANGUARD UNIVERSITY FOUNDATION

Form 990 for tax year 2024

Filed by VANGUARD UNIVERSITY FOUNDATION.

Totals

Total revenue
$35,517,620
Total expenses
$795,234
Contributions and grants received
$33,918,619
Grants paid
$722,822
Program service revenue
$0
Investment income
$1,599,001
Other revenue
$0
Total assets, end of year
$52,758,987
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$52,758,987
Program services expenses (Part IX)
$722,822
Management and general expenses
$72,412
Fundraising expenses
$0
Program service expenses (Part III)
$722,822

Program services were 90.9% 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.

  • 1f · All other contributions, gifts and grants

    $33,918,619

  • 1g · Noncash contributions included above

    $17,357,850

  • 3 · Investment income

    total $630,060 · unrelated business -$734 · excluded $630,794

  • 7a · Gross sales of assets other than inventory

    securities $4,753,814

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

    securities $3,784,873

  • 7c · Gain or loss

    securities $968,941

  • 7d · Net gain or loss

    total $968,941 · excluded $968,941

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $722,822 · program services $722,822

  • 11f · Fees: investment management

    total $72,412 · management and general $72,412

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,172,187 · end of year $2,098,451

  • 3 · Pledges and grants receivable

    beginning of year $87,222 · end of year $26,235,070

  • 11 · Investments: publicly traded securities

    beginning of year $15,404,324 · end of year $23,583,322

  • 12 · Investments: other securities

    beginning of year $826,126 · end of year $842,144

  • 28 · Net assets with donor restrictions

    beginning of year $17,489,859 · end of year $52,758,987

Mission and programs · 2024

Mission

THE VANGUARD UNIVERSITY FOUNDATION SUPPORTS THE UNIVERSITY THROUGH FUNDRAISING AND MANAGEMENT OF THE ENDOWMENT. FOUNDATION DIRECTORS ARE DISTINGUISHED MEMBERS OF THE COMMUNITY, PRIMARILY OF ORANGE COUNTY, WHO SUPPORT THE MISSION OF VANGUARD AS AMBASSADORS AND DONORS.

Activities or mission (Part I)

TO SUPPORT VANGUARD UNIVERSITY ENDOWED SCHOLARSHIP PROGRAMS.

  • THE FOUNDATION ADMINISTERS THE VARIOUS ENDOWED SCHOLARSHIP PROGRAMS THAT PROVIDE NEEDED AID TO VANGUARD UNIVERSITY CURRENT STUDENTS, REDUCING THE GAP BETWEEN THE COST OF A COLLEGE EDUCATION AND THE FAMILY'S ABILITY TO CONTRIBUTE.

    Expenses $722,822 · Grants $722,822

As filed on the 2024 return.

Listed in Part VII

  • Michael Beals Director

    PRESIDENT-VANGUARD UNIVERSITY

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

    Schedule J breakdown matched by us

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

  • Justin McIntee

    PRESIDENT-FOUNDATION

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

    Schedule J breakdown matched by us

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

  • Jeremy Moser

    TREASURER (THRU 08/24)

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

    Schedule J breakdown matched by us

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

  • Michael Pearlman

    TREASURER

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

    Schedule J breakdown matched by us

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

  • Kendall Kasper

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rebecca Borjas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Angela Carlson-Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Emmanuel Hyppolite

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Johnston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Kearns

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rob Knutsen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bonnie Livingston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lauren McGunigale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ross Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicklaus Peterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Peugh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mike Roberts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Robinette

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rocky Soliday

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nickole Vander Dussen

    DIRECTOR (THRU 09/24)

    Total calculated
    $0
    Hours/week
    1

  • Richard Varnell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

None.

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 3
THE FOUNDATION DOES NOT PAY THE PRESIDENT, OTHER OFFICERS OR KEY EMPLOYEES. THE PARENT ORGANIZATION, THE UNIVERSITY, ESTABLISHES AND PAYS SUCH COMPENSATION. THE FOUNDATION RELIES ON THE UNIVERSITY'S METHODS TO ESTABLISH COMPENSATION FOR THE PRESIDENT. COMPENSATION IS DETERMINED FOR THE PRESIDENT BY USING COMPARABLE DATA AND COMPENSATION SURVEYS BASED ON LIKE UNIVERSITIES, WHICH IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE UNIVERSITY'S BOARD.

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

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 OF SOUTHERN CALIFORNIA

    501(C)(3) · HIGHER EDUCATION · CA

  • SOUTHERN CALIFORNIA DISTRICT COUNCIL OF THE ASSEMBLIES OF GOD

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

Provenance

Return type
form_990
Tax year
2024
Filed
1 May 2026
IRS schema version
2024v5.5
Source object
202621219349301547

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