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Nonprofiteer
← CALIFORNIA UNIVERSITY OF SCIENCE AND MEDICINE

Form 990 for tax year 2024

Filed by CALIFORNIA UNIVERSITY OF SCIENCE AND MEDICINE.

Totals

Total revenue
$54,029,499
Total expenses
$51,797,516
Contributions and grants received
$82,177
Grants paid
$3,304,385
Program service revenue
$52,334,291
Investment income
$1,589,544
Other revenue
$23,487
Total assets, end of year
$79,283,764
Total liabilities, end of year
$62,987,430
Net assets or fund balances, end of year
$16,296,334
Program services expenses (Part IX)
$38,837,901
Management and general expenses
$12,959,615
Fundraising expenses
$0
Program service expenses (Part III)
$38,837,901

Program services were 75.0% 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

    $82,177

  • 2a · Program service revenue: TUITION AND FEES

    total $39,395,514 · related or exempt $39,395,514

  • 2b · Program service revenue: CONTRACT SERVICES

    total $12,938,777 · related or exempt $12,938,777

  • 3 · Investment income

    total $1,439,319 · excluded $1,439,319

  • 4 · Income from investment of tax-exempt bond proceeds

    total $150,225 · excluded $150,225

  • 11a · Other revenue: OTHER INCOME

    total $23,487 · excluded $23,487

  • 11e · Other revenue, total

    $23,487

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,304,385 · program services $3,304,385

  • 5 · Compensation of officers, directors and key employees

    total $6,580,279 · program services $5,649,940 · management and general $930,339

  • 7 · Other salaries and wages

    total $13,573,911 · program services $11,080,507 · management and general $2,493,404

  • 9 · Other employee benefits

    total $2,221,639 · program services $1,626,983 · management and general $594,656

  • 10 · Payroll taxes

    total $1,314,655 · program services $1,047,449 · management and general $267,206

  • 11b · Fees: legal

    total $320,648 · management and general $320,648

  • 11c · Fees: accounting

    total $158,028 · management and general $158,028

  • 11g · Fees: other

    total $12,211,345 · program services $10,662,352 · management and general $1,548,993

  • 12 · Advertising and promotion

    total $421,341 · program services $8,277 · management and general $413,064

  • 13 · Office expenses

    total $832,318 · program services $620,952 · management and general $211,366

  • 14 · Information technology

    total $534,397 · program services $2,995 · management and general $531,402

  • 16 · Occupancy

    total $128,462 · management and general $128,462

  • 17 · Travel

    total $864,338 · program services $849,788 · management and general $14,550

  • 19 · Conferences, conventions and meetings

    total $115,321 · program services $115,321

  • 20 · Interest

    total $3,864,717 · management and general $3,864,717

  • 22 · Depreciation, depletion and amortization

    total $2,207,070 · program services $1,544,949 · management and general $662,121

  • 23 · Insurance

    total $403,476 · program services $403,476

  • 24a · Other expenses: LIBRARY

    total $736,345 · program services $736,345

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $678,949 · program services $665,157 · management and general $13,792

  • 24c · Other expenses: REPAIRS & UTILITIES

    total $667,318 · program services $44,470 · management and general $622,848

  • 24d · Other expenses: MEALS

    total $286,193 · program services $240,131 · management and general $46,062

  • 24e · All other expenses

    total $372,381 · program services $234,424 · management and general $137,957

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $108,549 · end of year $351,541

  • 2 · Savings and temporary cash investments

    beginning of year $24,182,942 · end of year $25,944,675

  • 4 · Accounts receivable

    beginning of year $1,628,755 · end of year $2,064,468

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,830,199 · end of year $308,787

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

    $55,322,271

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

    $11,425,497

  • 10c · Land, buildings and equipment, net

    beginning of year $45,139,287 · end of year $43,896,774

  • 15 · Other assets

    beginning of year $1,112,085 · end of year $6,717,519

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,407,311 · end of year $6,006,381

  • 19 · Deferred revenue

    beginning of year $3,681,740 · end of year $5,614,563

  • 20 · Tax-exempt bond liabilities

    beginning of year $43,585,988 · end of year $43,670,227

  • 23 · Secured mortgages and notes payable

    beginning of year $7,780,729 · end of year $7,449,395

  • 25 · Other liabilities

    beginning of year $481,698 · end of year $246,864

  • 27 · Net assets without donor restrictions

    beginning of year $14,034,351 · end of year $16,266,334

  • 28 · Net assets with donor restrictions

    beginning of year $30,000 · end of year $30,000

Mission and programs · 2024

Mission

TO EDUCATE STUDENTS IN ACCORDANCE WITH THE HIGHEST PROFESSIONAL STANDARDS, ADVANCE MEDICAL RESEARCH AND CULTIVATE RELATIONSHIPS WITH THE COMMUNITY. THE UNIVERSITY GOALS INCLUDE:-TO ESTABLISH A SCHOOL OF MEDICINE THAT EDUCATES STUDENTS IN MEDICINE, INCLUDING PROMISING STUDENTS FROM THE INLAND EMPIRE, AND THAT ENCOURAGES GRADUATES TO PRACTICE MEDICINE IN THEIR COMMUNITIES;-TO DEVELOP OTHER EDUCATIONAL PROGRAMS IN THE HEALTH CARE SECTOR INCLUDING THE TRAINING OF PHYSICIAN ASSISTANTS, PHYSICAL THERAPISTS, RADIOLOGY TECHNICIANS AND MEDICAL INFORMATICS;-TO DEVELOP WORLD-CLASS RESEARCH AND EDUCATIONAL PROGRAMS IN PARTNERSHIP WITH ORGANIZATIONS INVOLVED IN BIOTECHNOLOGY, NANOTECHNOLOGY AND INFORMATION TECHNOLOGY; AND-TO ENCOURAGE THE LOCAL BUSINESS COMMUNITY, EDUCATIONAL INSTITUTIONS AND GOVERNMENT TO PARTICIPATE IN PUBLIC AND PRIVATE PARTNERSHIPS.

Activities or mission (Part I)

TO ESTABLISH A HEALTH AND LIFE SCIENCES UNIVERSITY THAT INSPIRES, MOTIVATES AND EMPOWERS STUDENTS TO BECOME EXCELLENT PHYSICIANS, SCIENTISTS AND LEADERS

  • DEVELOPING THE CURRICULUM FOR THE DOCTOR OF MEDICINE PROGRAM AND THE MASTER OF BIOMEDICAL SCIENCES PROGRAM.

    Expenses $27,133,774 · Grants $3,304,385 · Revenue $39,395,514

  • PROVIDING ARROWHEAD REGIONAL MEDICAL CENTER (ARMC) WITH IN-PATIENT AND OUT-PATIENT NEUROLOGICAL SERVICES. THIRD AND FOURTH YEAR UNIVERSITY STUDENTS WILL GAIN HANDS-ON EXPERIENCE AT ARMC AS PART OF THE UNIVERSITY PROGRAMS.

    Expenses $11,704,127 · Revenue $12,938,777

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Prem Reddy

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Kavitha Reddy

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 21 related

  • Patricia Easton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Andrew Goldfrach

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Prasad Jeereddi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jarrod McNaughton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dawn Rowe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Janice Rutherford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Pedram Salimpour

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Paul E Lyons

    PRESIDENT DEAN

    Total calculated
    $827,744
    From this org
    $749,312
    From related orgs
    $0
    Other
    $78,432
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $749,312
    Bonus
    $0
    Other
    $0
    Deferred
    $22,479
    Nontaxable benefits
    $55,953
    Filer's total
    $827,744

  • Nasser B Salomon

    CIO

    Total calculated
    $308,587
    From this org
    $271,663
    From related orgs
    $0
    Other
    $36,924
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $271,663
    Bonus
    $0
    Other
    $0
    Deferred
    $8,150
    Nontaxable benefits
    $28,774
    Filer's total
    $308,587

  • Luis Marquez-Torres

    INTERIM CFO

    Total calculated
    $279,327
    From this org
    $251,233
    From related orgs
    $0
    Other
    $28,094
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,233
    Bonus
    $0
    Other
    $0
    Deferred
    $7,537
    Nontaxable benefits
    $20,557
    Filer's total
    $279,327

  • Arthur P Eveland

    EVP - ADMISSIONS (THRU 10/25/24)

    Total calculated
    $1,341,029
    From this org
    $1,263,912
    From related orgs
    $0
    Other
    $77,117
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $367,912
    Bonus
    $0
    Other
    $896,000
    Deferred
    $37,917
    Nontaxable benefits
    $39,200
    Filer's total
    $1,341,029

  • Zohray M Talib

    EXECUTIVE VICE DEAN OF EDUCATION

    Total calculated
    $362,328
    From this org
    $322,673
    From related orgs
    $0
    Other
    $39,655
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $322,673
    Bonus
    $0
    Other
    $0
    Deferred
    $9,680
    Nontaxable benefits
    $29,975
    Filer's total
    $362,328

  • Andres Gonzalez

    CHIEF MEDICAL OFFICER

    Total calculated
    $358,304
    From this org
    $314,870
    From related orgs
    $0
    Other
    $43,434
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $314,870
    Bonus
    $0
    Other
    $0
    Deferred
    $9,446
    Nontaxable benefits
    $33,988
    Filer's total
    $358,304

  • Louise A Borda

    CHIEF OF STAFF

    Total calculated
    $342,425
    From this org
    $305,930
    From related orgs
    $0
    Other
    $36,495
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $305,930
    Bonus
    $0
    Other
    $0
    Deferred
    $9,178
    Nontaxable benefits
    $27,317
    Filer's total
    $342,425

  • Lisa Schwartz

    CHAIR MEDICAL EDUCATION

    Total calculated
    $289,603
    From this org
    $264,038
    From related orgs
    $0
    Other
    $25,565
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $264,038
    Bonus
    $0
    Other
    $0
    Deferred
    $7,921
    Nontaxable benefits
    $17,644
    Filer's total
    $289,603

  • Mohsin Yakub

    SR. ASSOCIATE DEAN OF ADMISSIONS

    Total calculated
    $273,443
    From this org
    $244,244
    From related orgs
    $0
    Other
    $29,199
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $244,244
    Bonus
    $0
    Other
    $0
    Deferred
    $7,327
    Nontaxable benefits
    $21,872
    Filer's total
    $273,443

  • Tsugio Seki

    ASS. DEAN OF ACCREDITATION & CQI

    Total calculated
    $250,344
    From this org
    $218,866
    From related orgs
    $0
    Other
    $31,478
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,866
    Bonus
    $0
    Other
    $0
    Deferred
    $6,566
    Nontaxable benefits
    $24,912
    Filer's total
    $250,344

  • Elias A Giraldo

    CHAIR OF NEUROLOGY (THRU 9/2/24)

    Total calculated
    $342,956
    From this org
    $309,561
    From related orgs
    $0
    Other
    $33,395
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $309,561
    Bonus
    $0
    Other
    $0
    Deferred
    $9,287
    Nontaxable benefits
    $24,108
    Filer's total
    $342,956

  • Sunshine T Nakae

    SR ASSOCIATE EIDP

    Total calculated
    $357,722
    From this org
    $321,678
    From related orgs
    $0
    Other
    $36,044
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $321,678
    Bonus
    $0
    Other
    $0
    Deferred
    $9,650
    Nontaxable benefits
    $26,394
    Filer's total
    $357,722

  • Gordon J Green

    FACULTY

    Total calculated
    $335,665
    From this org
    $295,329
    From related orgs
    $0
    Other
    $40,336
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $295,329
    Bonus
    $0
    Other
    $0
    Deferred
    $8,860
    Nontaxable benefits
    $31,476
    Filer's total
    $335,665

  • Michael Xu

    FACULTY

    Total calculated
    $332,551
    From this org
    $293,134
    From related orgs
    $0
    Other
    $39,417
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $293,134
    Bonus
    $0
    Other
    $0
    Deferred
    $8,794
    Nontaxable benefits
    $30,623
    Filer's total
    $332,551

  • Johanna L Rosenthal

    FACULTY

    Total calculated
    $294,150
    From this org
    $267,158
    From related orgs
    $0
    Other
    $26,992
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $267,158
    Bonus
    $0
    Other
    $0
    Deferred
    $8,015
    Nontaxable benefits
    $18,977
    Filer's total
    $294,150

  • Rajuno Ettarh

    FACULTY

    Total calculated
    $284,181
    From this org
    $252,046
    From related orgs
    $0
    Other
    $32,135
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $252,046
    Bonus
    $0
    Other
    $0
    Deferred
    $7,561
    Nontaxable benefits
    $24,574
    Filer's total
    $284,181

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 survey or study
  • 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 3
CUSM USES PUBLISHED AAMC DATA FOR MEDICAL SCHOOL COMPENSATION MODELS FOR LEADERSHIP AND FACULTY.
PART I, LINE 4A
ARTHUR P EVELAND RECEIVED A SEVERANCE PAYMENT OF $896,000 IN 2024.

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

No itemized grants to organizations 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SIGNATURE PAMPA MEDICAL GROUP

    C · PHYSICIAN SER · TX

    Directly controlled by PRIME HEALTH FOUNDATION

  • LANDMARK PHYSICIANS SERVICES

    C · PHYSICIAN SER · DE

    Directly controlled by PRIME HEALTH FOUNDATION

  • LANDMARK PHYSICIANS SERVICES

    C · INACTIVE · DE

    Directly controlled by PRIME HEALTH FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2026
IRS schema version
2024v5.5
Source object
202611339349308626

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