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Nonprofiteer
← THE UNIVERSITY CORPORATION

Form 990 for tax year 2022

Filed by THE UNIVERSITY CORPORATION.

Totals

Total revenue
$47,045,939
Total expenses
$45,633,888
Contributions and grants received
$0
Grants paid
$7,631,196
Program service revenue
$47,398,238
Investment income
-$352,299
Other revenue
$0
Total assets, end of year
$77,671,189
Total liabilities, end of year
$24,120,808
Net assets or fund balances, end of year
$53,550,381
Program services expenses (Part IX)
$42,193,781
Management and general expenses
$3,440,107
Fundraising expenses
$0
Program service expenses (Part III)
$42,193,781

Program services were 92.5% 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.

  • 2a · Program service revenue: GRANT ADMINISTRATION

    total $37,342,218 · related or exempt $37,342,218

  • 2b · Program service revenue: AUXILIARY SERVICES

    total $9,112,766 · related or exempt $9,112,766

  • 2c · Program service revenue: UNIVERSITY PROJECTS

    total $943,254 · related or exempt $943,254

  • 3 · Investment income

    total $930,884 · excluded $930,884

  • 7a · Gross sales of assets other than inventory

    securities $16,071,139

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

    securities $17,325,531 · other assets $28,791

  • 7c · Gain or loss

    securities -$1,254,392 · other assets -$28,791

  • 7d · Net gain or loss

    total -$1,283,183 · excluded -$1,283,183

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,846,144 · program services $2,846,144

  • 2 · Grants to domestic individuals

    total $4,785,052 · program services $4,785,052

  • 5 · Compensation of officers, directors and key employees

    total $290,673 · management and general $290,673

  • 7 · Other salaries and wages

    total $16,747,936 · program services $15,536,349 · management and general $1,211,587

  • 8 · Pension plan contributions

    total $106,666 · program services $97,385 · management and general $9,281

  • 9 · Other employee benefits

    total $2,988,902 · program services $2,748,612 · management and general $240,290

  • 10 · Payroll taxes

    total $1,344,228 · program services $1,227,270 · management and general $116,958

  • 11a · Fees: management

    total $45,996 · program services $38,929 · management and general $7,067

  • 11b · Fees: legal

    total $8,100 · program services $6,856 · management and general $1,244

  • 11c · Fees: accounting

    total $95,453 · program services $80,787 · management and general $14,666

  • 11g · Fees: other

    total $1,148,964 · program services $755,905 · management and general $393,059

  • 12 · Advertising and promotion

    total $131,743 · program services $131,743

  • 13 · Office expenses

    total $213,932 · program services $198,597 · management and general $15,335

  • 14 · Information technology

    total $612,220 · program services $518,158 · management and general $94,062

  • 16 · Occupancy

    total $544,410 · program services $305,742 · management and general $238,668

  • 17 · Travel

    total $1,245,470 · program services $1,227,141 · management and general $18,329

  • 20 · Interest

    total $167,025 · program services $157,352 · management and general $9,673

  • 22 · Depreciation, depletion and amortization

    total $1,888,628 · program services $1,574,398 · management and general $314,230

  • 23 · Insurance

    total $380,063 · program services $262,290 · management and general $117,773

  • 24a · Other expenses: COST OF SALES - AUX

    total $4,772,561 · program services $4,772,561

  • 24b · Other expenses: PROGRAM MATERIAL AND EQ

    total $3,171,936 · program services $3,171,936

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $709,534 · program services $423,179 · management and general $286,355

  • 24d · Other expenses: PROGRAM SUPPLIES

    total $211,349 · program services $191,424 · management and general $19,925

  • 24e · All other expenses

    total $1,176,903 · program services $1,135,971 · management and general $40,932

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,264,026 · end of year $5,390,634

  • 2 · Savings and temporary cash investments

    beginning of year $3,227,451 · end of year $1,483,107

  • 3 · Pledges and grants receivable

    beginning of year $8,078,886 · end of year $9,912,573

  • 4 · Accounts receivable

    beginning of year $738,883 · end of year $841,851

  • 7 · Other notes and loans receivable

    beginning of year $32,867 · end of year $28,056

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,583 · end of year $167,666

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

    $39,222,265

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

    $23,200,474

  • 10c · Land, buildings and equipment, net

    beginning of year $17,586,375 · end of year $16,021,791

  • 11 · Investments: publicly traded securities

    beginning of year $19,670,286 · end of year $21,291,006

  • 12 · Investments: other securities

    beginning of year $14,409,894 · end of year $15,873,424

  • 13 · Investments: program-related

    beginning of year $1,718,716 · end of year $1,174,966

  • 14 · Intangible assets

    beginning of year $2,548,126 · end of year $2,321,626

  • 15 · Other assets

    beginning of year $112,189 · end of year $3,164,489

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,373,600 · end of year $6,053,674

  • 19 · Deferred revenue

    beginning of year $3,714,457 · end of year $4,255,747

  • 20 · Tax-exempt bond liabilities

    beginning of year $3,934,503 · end of year $3,713,000

  • 25 · Other liabilities

    beginning of year $9,818,952 · end of year $10,098,387

  • 27 · Net assets without donor restrictions

    beginning of year $44,636,781 · end of year $49,689,588

  • 28 · Net assets with donor restrictions

    beginning of year $3,920,989 · end of year $3,860,793

Mission and programs · 2022

Mission

ON BEHALF OF CALIFORNIA STATE UNIVERSITY, NORTHRIDGE, THE UNIVERSITY CORPORATION PERFORMS A NUMBER OF ACTIVITIES INCLUDING OPERATING THE CAMPUS BOOKSTORE, FOOD SERVICES, VENDING OPERATIONS, ADMINISTRATION OF VARIOUS FUNDS AND GRANTS, MANAGING CAMPUS FACULTY/STAFF HOUSING PROGRAM, OFF-CAMPUS RESEARCH AND ADMINISTRATIVE BUILDING, AS WELL AS THE LICENSING OF CAMPUS FACILITIES, LOGOS AND TRADEMARKS.

Activities or mission (Part I)

TO PROVIDE SERVICES AND SOLUTIONS THAT ADDRESS THE NEEDS OF CSU, NORTHRIDGE.

  • GRANTS AND CONTRACTS ADMINISTRATION - THE UNIVERSITY CORPORATION PROVIDES POST-AWARD ADMINISTRATION OF SPONSORED PROGRAMS. WORKING WITH THE UNIVERSITY'S OFFICE OF RESEARCH AND SPONSORED PROJECTS, THE CORPORATION SPONSORED PROGRAMS DIVISION PROVIDES SUPPORT TO PRINCIPAL INVESTIGATORS AND PROJECT STAFF WITH INTERPRETATION OF REGULATIONS, PROCESSING OF EXPENSES, PAYROLL, HUMAN RESOURCES, RISK MANAGEMENT, FINANCIAL REPORTING, MANAGEMENT OF AUDITS AND OTHER SERVICES IN SUPPORT OF EXTERNALLY FUNDED PROGRAMS. AFTER DEDUCTING ALL DIRECT COSTS OF THE SPONSORED PROGRAMS DEPARTMENT, A RESERVE ALLOCATION AND ADMINISTRATION COSTS, THE UNIVERSITY CORPORATION SETS ASIDE THE REMAINING INDIRECT COST RECOVERY FUNDS INTO A RESERVE ACCOUNT.

    Expenses $32,719,160 · Grants $6,194,370 · Revenue $37,342,218

  • AUXILIARY SERVICES, FOOD SERVICES, BOOKSTORE COMMISSIONS, REAL ESTATE RENTALS - SEE SCHEDULE O

    Expenses $8,037,795 · Revenue $9,112,766

  • UNIVERSITY PROJECTS - SEE SCHEDULE O

    Expenses $1,436,826 · Grants $1,436,826 · Revenue $943,254

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Erika Beck

    CHAIR

    Total calculated
    $561,265
    From this org
    $0
    From related orgs
    $489,320
    Other
    $71,945
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $421,768 related
    Bonus
    $0 + $55,000 related
    Other
    $0 + $12,552 related
    Deferred
    $0 + $39,439 related
    Nontaxable benefits
    $0 + $32,506 related
    Filer's total
    $0 + $561,265 related

  • Colin Donahue

    SECRETARY

    Total calculated
    $410,397
    From this org
    $0
    From related orgs
    $295,486
    Other
    $114,911
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $291,728 related
    Bonus
    $0 + $3,500 related
    Other
    $0 + $258 related
    Deferred
    $0 + $88,931 related
    Nontaxable benefits
    $0 + $25,980 related
    Filer's total
    $0 + $410,397 related

  • Rick Evans

    PRESIDENT

    Total calculated
    $272,280
    From this org
    $0
    From related orgs
    $201,096
    Other
    $71,184
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,200 related
    Bonus
    $0 + $3,500 related
    Other
    $0 + $396 related
    Deferred
    $0 + $60,456 related
    Nontaxable benefits
    $0 + $10,728 related
    Filer's total
    $0 + $272,280 related

  • Mechelle Best

    DIRECTOR

    Total calculated
    $264,107
    From this org
    $0
    From related orgs
    $195,588
    Other
    $68,519
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,080 related
    Bonus
    $0 + $3,500 related
    Other
    $0 + $8 related
    Deferred
    $0 + $58,420 related
    Nontaxable benefits
    $0 + $10,099 related
    Filer's total
    $0 + $264,107 related

  • Hamid Johari

    DIRECTOR

    Total calculated
    $250,406
    From this org
    $0
    From related orgs
    $171,432
    Other
    $78,974
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,932 related
    Bonus
    $0 + $3,500 related
    Other
    $0
    Deferred
    $0 + $51,497 related
    Nontaxable benefits
    $0 + $27,477 related
    Filer's total
    $0 + $250,406 related

  • Dave Moon

    DIRECTOR

    Total calculated
    $223,017
    From this org
    $10,150
    From related orgs
    $167,549
    Other
    $45,318
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $10,150 + $142,513 related
    Bonus
    $0 + $23,500 related
    Other
    $0 + $1,536 related
    Deferred
    $0 + $43,018 related
    Nontaxable benefits
    $0 + $2,300 related
    Filer's total
    $10,150 + $212,867 related

  • Lih-Yun Wu

    CFO (UNTIL 1/23)

    Total calculated
    $189,936
    From this org
    $178,581
    From related orgs
    $0
    Other
    $11,355
    Hours/week
    36.6

    Schedule J breakdown matched by us

    Base
    $172,067
    Bonus
    $0
    Other
    $6,514
    Deferred
    $8,542
    Nontaxable benefits
    $2,813
    Filer's total
    $189,936

  • Benedict Yaspelkis

    VICE PRESIDENT

    Total calculated
    $183,018
    From this org
    $0
    From related orgs
    $116,962
    Other
    $66,056
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $113,462 related
    Bonus
    $0 + $3,500 related
    Other
    $0
    Deferred
    $0 + $35,598 related
    Nontaxable benefits
    $0 + $30,458 related
    Filer's total
    $0 + $183,018 related

  • Heather Cairns

    DIRECTOR OF ADMIN & HR

    Total calculated
    $150,826
    From this org
    $111,544
    From related orgs
    $0
    Other
    $39,282
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,313
    Bonus
    $0
    Other
    $231
    Deferred
    $5,972
    Nontaxable benefits
    $33,310
    Filer's total
    $150,826

  • Julia Santiago

    INTERIM MANAGING DIRECTOR

    Total calculated
    $133,214
    From this org
    $109,124
    From related orgs
    $0
    Other
    $24,090
    Hours/week
    40

  • Julie Gould

    MENTAL HEALTH PROGRAM COORDINATOR

    Total calculated
    $120,982
    From this org
    $102,783
    From related orgs
    $0
    Other
    $18,199
    Hours/week
    40

  • Gang Lu

    PROFESSOR

    Total calculated
    $103,096
    From this org
    $101,974
    From related orgs
    $0
    Other
    $1,122
    Hours/week
    40

  • Grace Slavik

    ASSOC ED, FIN SERVICES

    Total calculated
    $126,130
    From this org
    $100,450
    From related orgs
    $0
    Other
    $25,680
    Hours/week
    40

  • Michael Phillips

    TREASURER

    Total calculated
    $68,587
    From this org
    $0
    From related orgs
    $68,502
    Other
    $85
    Hours/week
    0.2 + 39.8 related

  • Jerald Schutte

    DIRECTOR

    Total calculated
    $38,041
    From this org
    $0
    From related orgs
    $38,041
    Other
    $0
    Hours/week
    0.2 + 39.8 related

  • Mitul Kalra

    DIRECTOR

    Total calculated
    $14,935
    From this org
    $0
    From related orgs
    $14,935
    Other
    $0
    Hours/week
    0.2 + 39.8 related

  • Paige Hajiloo

    SECOND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2

  • Freny Shah

    DIR. BUSINESS & FINANCE (AS OF 1/23)

    Total calculated
    $0
    Hours/week
    40

  • Josephine Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Harvey Bookstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Ronald S Friedman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Carlos Fuentes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Shayan Moshtael

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

  • Eden Shashoua

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Michael Tejax

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

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, 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

  • 3 · Compensation committee
  • 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 3
CALIFORNIA STATE UNIVERSITY, NORTHRIDGE, A RELATED ORGANIZATION ESTABLISHES COMPENSATION FOR ANY INDIVIDUALS COMPENSATED BY A RELATED ORGANIZATION ON PART VII FOR CALENDAR YEAR 2022. THIS RELATED ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: ESTABLISHED AND MAINTAINS THE COMPENSATION FOR THE CEO/EXECUTIVE DIRECTOR. COMPENSATION IS DETERMINED BY CAMPUS OFFICE OF HUMAN RESOURCES USING CALIFORNIA STATE UNIVERSITY APPROVED METHODOLOGIES FOR DETERMINING COMPARABLE COMPENSATION.
PART II:
COMPENSATION FOR RICK EVANS WAS PAID BY CALIFORNIA STATE UNIVERSITY, NORTHRIDGE AND THEN REIMBURSED 80% BY THE UNIVERSITY CORPORATION AND 20% BY NORTH CAMPUS - UNIVERSITY PARK DEVELOPMENT CORPORATION, AN AFFILIATED ORGANIZATION.

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.

  • CALIFORNIA STATE UNIVERSITY NORTHRIDGE

    115 · ACCREDITED PUBLIC UNIVERSITY · CA

  • NORTH CAMPUS - UNIVERSITY PARK DEVELOPMENT CORPORATION

    501(C)(3) · RENTAL INCOME AND LICENSING FEES FROM NORTH CAMPUS FACILITIES · CA

    Directly controlled by CALIFORNIA STATE UNIVERSITY NORTHRIDGE

  • CALIFORNIA STATE UNIVERSITY NORTHRIDGE FOUNDATION

    501(C)(3) · RESPONSIBLE FOR PHILANTHROPIC FUNDS/GIFTS RAISED FOR CSU NORTHRIDGE · CA

    Directly controlled by CALIFORNIA STATE UNIVERSITY NORTHRIDGE

  • ASSOCIATED STUDENTS INC

    501(C)(3) · SUPPORTING ORGANIZATION FOR CALIFORNIA STATE UNIVERSITY, NORTHRIDGE · CA

    Directly controlled by CALIFORNIA STATE UNIVERSITY NORTHRIDGE

  • UNIVERSITY STUDENT UNION

    501(C)(3) · EXPANDS THE COLLEGE EXPERIENCE THROUGH VARIOUS PROGRAMS AND SERVICES · CA

    Directly controlled by CALIFORNIA STATE UNIVERSITY NORTHRIDGE

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202431369349301918

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