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← VANGUARD UNIVERSITY FOUNDATION

Form 990 for tax year 2022

Filed by VANGUARD UNIVERSITY FOUNDATION.

Totals

Total revenue
$6,529,035
Total expenses
$376,670
Contributions and grants received
$6,214,626
Grants paid
$325,398
Program service revenue
$0
Investment income
$314,409
Other revenue
$0
Total assets, end of year
$15,604,659
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$15,604,659
Program services expenses (Part IX)
$325,398
Management and general expenses
$51,272
Fundraising expenses
$0
Program service expenses (Part III)
$325,398

Program services were 86.4% 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

    $6,214,626

  • 3 · Investment income

    total $317,298 · unrelated business -$287 · excluded $317,585

  • 7a · Gross sales of assets other than inventory

    securities $3,367,625

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

    securities $3,370,514

  • 7c · Gain or loss

    securities -$2,889

  • 7d · Net gain or loss

    total -$2,889 · excluded -$2,889

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $325,398 · program services $325,398

  • 11f · Fees: investment management

    total $51,272 · management and general $51,272

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $471,466 · end of year $1,764,766

  • 3 · Pledges and grants receivable

    beginning of year $240,000 · end of year $3,177,112

  • 11 · Investments: publicly traded securities

    beginning of year $7,499,458 · end of year $10,095,170

  • 12 · Investments: other securities

    beginning of year $561,412 · end of year $567,611

  • 28 · Net assets with donor restrictions

    beginning of year $8,772,336 · end of year $15,604,659

Mission and programs · 2022

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 $325,398 · Grants $325,398

As filed on the 2022 return.

Listed in Part VII

  • Andrew Johnsston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Angela Carlson-Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bonnie Livingston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Donovan McReynolds

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Emmanuel Hyppolite

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Erin Donovan

    DIRECTOR (THRU 9/22)

    Total calculated
    $0
    Hours/week
    1

  • Jeff Motske

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Jeremy Moser

    TREASURER

    Total calculated
    $205,917
    From this org
    $0
    From related orgs
    $88,103
    Other
    $117,814
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $86,122 related
    Bonus
    $0 + $1,981 related
    Other
    $0
    Deferred
    $0 + $15,673 related
    Nontaxable benefits
    $0 + $102,141 related
    Filer's total
    $0 + $205,917 related

  • Jim Peugh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Justin McIntee

    PRESIDENT-FOUNDATION

    Total calculated
    $257,720
    From this org
    $0
    From related orgs
    $118,222
    Other
    $139,498
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $104,311 related
    Bonus
    $0 + $1,911 related
    Other
    $0 + $12,000 related
    Deferred
    $0 + $5,671 related
    Nontaxable benefits
    $0 + $133,827 related
    Filer's total
    $0 + $257,720 related

  • Kendall Kasper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lauren McGunigale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Beals Director

    PRESIDENT-VANGUARD

    Total calculated
    $417,527
    From this org
    $0
    From related orgs
    $298,498
    Other
    $119,029
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $282,714 related
    Bonus
    $0 + $3,784 related
    Other
    $0 + $12,000 related
    Deferred
    $0 + $13,679 related
    Nontaxable benefits
    $0 + $105,350 related
    Filer's total
    $0 + $417,527 related

  • Mike Roberts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicklaus Peterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nickole Vander Dussen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Borjas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Varnell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rob Knutsen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rocky Soliday

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ross Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Robinette

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tessa Gilton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Taillon

    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
2022
Filed
25 April 2024
IRS schema version
2022v5.0
Source object
202411179349301916

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