Totals
- Total revenue
- $8,104,788
- Total expenses
- $8,104,788
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $8,104,788
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $4,995,801
- Total liabilities, end of year
- $4,995,801
- Net assets or fund balances, end of year
- $0
- Program services expenses (Part IX)
- $5,263,214
- Management and general expenses
- $2,841,574
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,263,214
Program services were 64.9% 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.
-
2a · Program service revenue: INVESTMENT MANAGEMENT SERVICES
total $8,104,788 · related or exempt $8,104,788
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $2,396,490 · program services $1,745,479 · management and general $651,011
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $3,263,224 · program services $1,903,739 · management and general $1,359,486 · fundraising $0
-
8 · Pension plan contributions
total $193,286 · program services $126,277 · management and general $67,008 · fundraising $0
-
9 · Other employee benefits
total $215,070 · program services $125,470 · management and general $89,600 · fundraising $0
-
10 · Payroll taxes
total $216,890 · program services $126,532 · management and general $90,358 · fundraising $0
-
11a · Fees: management
total $109,774 · program services $0 · management and general $109,774 · fundraising $0
-
11b · Fees: legal
total $165,670 · program services $110,484 · management and general $55,186 · fundraising $0
-
11c · Fees: accounting
total $57,305 · program services $57,305 · management and general $0 · fundraising $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $65,644 · program services $0 · management and general $65,644 · fundraising $0
-
14 · Information technology
total $147,488 · program services $73,744 · management and general $73,744 · fundraising $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $389,306 · program services $194,653 · management and general $194,653 · fundraising $0
-
17 · Travel
total $171,660 · program services $171,660 · management and general $0 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $58,218 · program services $58,218 · management and general $0 · fundraising $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $85,110 · program services $0 · management and general $85,110 · fundraising $0
-
24a · Other expenses: RESEARCH SOFTWARE LICENSE
total $557,147 · program services $557,147 · management and general $0 · fundraising $0
-
24b · Other expenses: PROFESSIONAL DEVELOPMENT
total $12,044 · program services $12,044 · management and general $0 · fundraising $0
-
24c · Other expenses: BANK FEES
total $451 · program services $451 · management and general $0 · fundraising $0
-
24d · Other expenses: TAX & FILING FEES
total $11 · program services $11 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $74,010 · end of year $67,206
-
2 · Savings and temporary cash investments
beginning of year $1,900,255 · end of year $1,858,516
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $77,909 · end of year $79,219
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $3,158,208 · end of year $2,990,860
-
17 · Accounts payable and accrued expenses
beginning of year $5,210,382 · end of year $4,995,801
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
THE SPECIFIC PURPOSE OF THE UCLA INVESTMENT COMPANY IS TO ALLOCATE, INVEST AND MANAGE THE GENERAL ENDOWMENT POOL OF THE UCLA FOUNDATION, TOGETHER WITH ANY OTHER ASSETS FOR WHICH THE FOUNDATION OR OTHER CHARITABLE NONPROFIT ENTITIES WHICH ARE EXEMPT FROM FEDERAL INCOME TAX UNDER CODE SECTION 501(C)(3) MAY DELEGATE INVESTMENT AND MANAGEMENT RESPONSIBILITY TO THIS COMPANY, SUBJECT TO THE OVERSIGHT OF THE FOUNDATION AND THE BOARD OF DIRECTORS OF THIS COMPANY, AND TO PROMOTE, CONDUCT AND SUPPORT ACTIVITIES RELATED OR INCIDENTAL TO SUCH PURPOSE.
Activities or mission (Part I)
THE UCLA INVESTMENT COMPANY PROVIDES PROFESSIONAL STEWARDSHIP OF INVESTMENT ASSETS ENTRUSTED TO UCLA FOUNDATION FOR THE ADVANCEMENT OF UCLA AND RELATED CHARITABLE PURPOSES
-
AS A SUPPORTING ORGANIZATION OF THE UCLA FOUNDATION, THE COMPANY MANAGES THE INVESTMENT OF OVER $5.5 BILLION THAT HAS BEEN ENTRUSTED TO THE UCLA FOUNDATION AND SIX OTHER RELATED ORGANIZATIONS IN SUPPORT OF UCLA'S MISSION OF CREATION, DISSEMINATION, PRESERVATION, AND APPLICATION OF KNOWLEDGE FOR THE BETTERMENT OF THE GLOBAL SOCIETY.
Expenses $5,263,214 · Revenue $8,104,788
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Justin BartonJUSTIN BARTON
PRESIDENT / CIO
- Total calculated
- $1,036,041
- From this org
- $912,382
- From related orgs
- $0
- Other
- $123,659
- Hours/week
- 40 + 10 related
Schedule J breakdown matched by us
- Base
- $660,516
- Bonus
- $249,759
- Other
- $2,107
- Deferred
- $66,000
- Nontaxable benefits
- $57,659
- Filer's total
- $1,036,041
-
Michael MarvelliMICHAEL MARVELLI
DEPUTY CIO/CORPORATE SECRETARY
- Total calculated
- $857,981
- From this org
- $692,751
- From related orgs
- $0
- Other
- $165,230
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $472,213
- Bonus
- $214,879
- Other
- $5,659
- Deferred
- $126,000
- Nontaxable benefits
- $39,230
- Filer's total
- $857,981
-
Raymond SchleinkoferRAYMOND SCHLEINKOFER
INVESTMENT DIRECTOR
- Total calculated
- $582,785
- From this org
- $496,594
- From related orgs
- $0
- Other
- $86,191
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $333,480
- Bonus
- $159,735
- Other
- $3,379
- Deferred
- $43,500
- Nontaxable benefits
- $42,691
- Filer's total
- $582,785
-
Breanne EshelmanBREANNE ESHELMAN
INVESTMENT DIRECTOR
- Total calculated
- $565,127
- From this org
- $463,680
- From related orgs
- $0
- Other
- $101,447
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $307,744
- Bonus
- $154,039
- Other
- $1,897
- Deferred
- $43,500
- Nontaxable benefits
- $57,947
- Filer's total
- $565,127
-
Mioara LarsonMIOARA LARSON
CHIEF OPERATING OFFICER
- Total calculated
- $525,414
- From this org
- $413,321
- From related orgs
- $0
- Other
- $112,093
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $243,144
- Bonus
- $168,280
- Other
- $1,897
- Deferred
- $43,500
- Nontaxable benefits
- $68,593
- Filer's total
- $525,414
-
Allison Baird-JamesALLISON BAIRD-JAMES
EXOFFICIO DIRECTOR UNTIL 4/14
- Total calculated
- $505,150
- From this org
- $0
- From related orgs
- $401,981
- Other
- $103,169
- Hours/week
- 10 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $401,981 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $68,457 related
- Nontaxable benefits
- $0 + $34,712 related
- Filer's total
- $0 + $505,150 related
-
Julie A SinaJULIE A SINA
CHIEF FINANCIAL OFFICER
- Total calculated
- $476,582
- From this org
- $0
- From related orgs
- $388,380
- Other
- $88,202
- Hours/week
- 10 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $383,380 related
- Bonus
- $0 + $5,000 related
- Other
- $0
- Deferred
- $0 + $70,209 related
- Nontaxable benefits
- $0 + $17,993 related
- Filer's total
- $0 + $476,582 related
-
Bendick SyBENDICK SY
DIRECTOR, INVESTMENT REPORTING
- Total calculated
- $420,888
- From this org
- $326,595
- From related orgs
- $0
- Other
- $94,293
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $195,118
- Bonus
- $129,276
- Other
- $2,201
- Deferred
- $43,500
- Nontaxable benefits
- $50,793
- Filer's total
- $420,888
-
Thomas MoonTHOMAS MOON
INVESTMENT DIRECTOR
- Total calculated
- $321,016
- From this org
- $307,383
- From related orgs
- $0
- Other
- $13,633
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $227,174
- Bonus
- $55,000
- Other
- $25,209
- Deferred
- $12,750
- Nontaxable benefits
- $883
- Filer's total
- $321,016
-
Anastasia BorovichANASTASIA BOROVICH
ASSOCIATE INVESTMENT DIRECTOR
- Total calculated
- $219,056
- From this org
- $200,467
- From related orgs
- $0
- Other
- $18,589
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $142,642
- Bonus
- $56,963
- Other
- $862
- Deferred
- $8,875
- Nontaxable benefits
- $9,714
- Filer's total
- $219,056
-
Drew ZagerDREW ZAGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
John MapesJOHN MAPES
BOARD CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
David AckertDAVID ACKERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Philip HanPHILIP HAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andrea AuerbachANDREA AUERBACH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Julio HerreraJULIO HERRERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Andrea EisfeldtANDREA EISFELDT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alicia Minana De LovelaceALICIA MINANA DE LOVELACE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Melvin LindseyMELVIN LINDSEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen J AgostiniSTEPHEN J AGOSTINI
EXOFFICIO DIRECTOR AS OF 5/6
- Total calculated
- $0
- Hours/week
- 10 + 40 related
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 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PART I, LINE 7
- THE COMPANY HAS A PERFORMANCE-BASED BONUS PROGRAM TO RECOGNIZE ACHIEVEMENT OF INVESTMENT PERFORMANCE OBJECTIVE AND INDIVIDUAL CONTRIBUTIONS. THE ADMINISTRATIVE & OVERSIGHT COMMITTEE (AOC) APPROVES THE BUDGET FOR THE BONUS POOL AT THE BEGINNING OF THE FISCAL YEAR. THE CHIEF INVESTMENT OFFICER SELECTS AND DETERMINES THE AMOUNT FOR EACH EMPLOYEE AT YEAR END.
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.
-
501(C)(3) · UCLA PHILANTH · CA
Directly controlled by UC REGENTS
-
THE REGENTS OF THE UNIVERSITY OF CA
EDUCATION · CA
Directly controlled by STATE OF CA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521349349313512
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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