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Nonprofiteer
← MARYMOUNT CALIFORNIA UNIVERSITY

Form 990 for tax year 2023

Filed by MARYMOUNT CALIFORNIA UNIVERSITY.

Totals

Total revenue
$1,603,987
Total expenses
$53,914,550
Contributions and grants received
$0
Grants paid
$53,265,273
Program service revenue
$0
Investment income
$1,603,367
Other revenue
$620
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$53,265,273
Management and general expenses
$649,277
Fundraising expenses
$0
Program service expenses (Part III)
$53,265,273

Program services were 98.8% 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.

  • 3 · Investment income

    total $1,603,167 · excluded $1,603,167

  • 7a · Gross sales of assets other than inventory

    other assets $200

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

    other assets $0

  • 7c · Gain or loss

    other assets $200

  • 7d · Net gain or loss

    total $200 · excluded $200

  • 11a · Other revenue: INSURANCE CLAIM

    total $620 · excluded $620

  • 11e · Other revenue, total

    $620

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $53,265,273 · program services $53,265,273

  • 5 · Compensation of officers, directors and key employees

    total $168,557 · management and general $168,557

  • 7 · Other salaries and wages

    total $211,397 · management and general $211,397

  • 9 · Other employee benefits

    total $86,565 · management and general $86,565

  • 10 · Payroll taxes

    total $18,564 · management and general $18,564

  • 11b · Fees: legal

    total $108,815 · management and general $108,815

  • 11c · Fees: accounting

    total $6,700 · management and general $6,700

  • 11f · Fees: investment management

    total $1,300 · management and general $1,300

  • 13 · Office expenses

    total $1,233 · management and general $1,233

  • 14 · Information technology

    total $7,383 · management and general $7,383

  • 16 · Occupancy

    total $18,654 · management and general $18,654

  • 23 · Insurance

    total $15,006 · management and general $15,006

  • 24a · Other expenses: BANK & ADMIN FEES

    total $5,103 · management and general $5,103

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $79,013 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $114,009 · end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $438,166 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $509,590 · end of year $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $51,412,848 · end of year $0

  • 12 · Investments: other securities

    beginning of year $302,853 · end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $50,940,148 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $1,916,331 · end of year $0

Mission and programs · 2023

Mission

MARYMOUNT CALIFORNIA UNIVERSITY IS A CATHOLIC INSTITUTION THAT WELCOMES STUDENTS OF ALL FAITHS AND BACKGROUNDS INTO A QUALITY, VALUES-BASED EDUCATION. WE FOSTER A STUDENT-CENTERED APPROACH TO LEARNING THAT PROMOTES THE DEVELOPMENT OF THE WHOLE PERSON. INSPIRED BY THE RELIGIOUS OF THE SACRED HEART OF MARY, WE CHALLENGE OUR STUDENTS TO PURSUE LIVES OF LEADERSHIP AND SERVICE. MARYMOUNT CALIFORNIA UNIVERSITY EMPOWERS ITS STUDENTS THROUGH AN EDUCATIONAL PROGRAM THAT DEVELOPS PRINCIPLED THINKERS IN THE CATHOLIC LIBERAL ARTS TRADITION. WE PROMOTE AN OPEN AND WELCOMING CAMPUS THAT BUILDS SKILLS FOR LIFELONG LEARNING. WE ASSIST STUDENTS TO REACH THEIR GOALS IN HIGHER EDUCATION. WE STRIVE TO GRADUATE STUDENTS WHO EMBODY THE VIRTUES OF INTEGRITY, RESPECT FOR HUMAN DIGNITY AND COMMITMENT TO JUSTICE.

Activities or mission (Part I)

MARYMOUNT CALIFORNIA UNIVERSITY IS A CATHOLIC INSTITUTION THAT WELCOMES STUDENTS OF ALL FAITHS AND BACKGROUNDS INTO A QUALITY, VALUES-BASED EDUCATION.

  • ORGANIZATION IS DISSOLVING: DISTRIBUTION OF ASSETS PER BYLAWS TO OTHER 503(C)(3) ORGANIZATIONS TO SUPPORT EDUCATIONAL AND SCHOLARSHIP GRANTING ACTIVITIES.

    Expenses $53,265,273 · Grants $53,265,273

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brian Marcotte

    PRESIDENT

    Total calculated
    $236,548
    From this org
    $236,548
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,429
    Bonus
    $0
    Other
    $25,119
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $236,548

  • Bret Johnsen

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Rick Edler

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sr Antoine-Marie Baurier

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Caroline Sayers

    CHAIR, ADMISSIONS, RETENTION, S.A.

    Total calculated
    $0
    Hours/week
    1

  • Dr Sue Soldoff

    DEVELOPMENT CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Christopher Warmuth

    AUDIT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Randy Bowers

    FINANCE COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Fr Mark Villano

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Hon Jose H Gomez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Richard Anderson

    CHIEF FINANCIAL OFFICER

    Total calculated
    $261,294
    From this org
    $261,294
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,662
    Bonus
    $0
    Other
    $35,632
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $261,294

  • Karen Thordarson

    DIRECTOR OF HUMAN RESOURCES

    Total calculated
    $148,269
    From this org
    $148,269
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Monte Schmeiser

    DIRECTOR OF OPERATIONS

    Total calculated
    $124,616
    From this org
    $124,616
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Susan Amalfitano

    HR/PAYROLL GENERALIST

    Total calculated
    $100,940
    From this org
    $100,940
    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

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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 4A
SEVERANCE PAY: RICHARD ANDERSON - $11,135.00 KAREN THORDARSON - $64,265.00 MONTE SCHMEISER - $46,154.00 SUSAN AMALFITANO - $9,706.00

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2023
Filed
23 February 2024
IRS schema version
2023v4.0
Source object
202420549349301712

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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