Soka University Of America in Aliso Viejo, California (CA)

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Soka University Of America
Employer Identification Number (EIN)953909672
Name of OrganizationSoka University Of America
In Care of NameVita Leonis Philharmonic Orchestra
Address1 University Drive, Aliso Viejo, CA 92656
ActivitiesSchool, college, trade school, etc.
SubsectionEducational Organization
Ruling Date10/1985
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2013
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$901,044,880
Amount of Income$135,095,416
Form 990 Revenue Amount$135,095,416
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: University or Technological Institute


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Amount of income in 2013: $135,095,416
Soka University Of America: 

 $135,095,416
Other organizations performing similar types of work: 

 $136,725,850

Assets in 2013: $901,044,880
This organization: 

 $901,044,880
Other organizations performing similar types of work: 

 $239,530,668

Expenses in 2013: $62,422,760
Soka University Of America: 

 $62,422,760
Other organizations performing similar types of work: 

 $107,808,210

Income to expenses ratio in 2013: 2.2
This organization: 

 2.2
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 64.1%
Soka University Of America: 

 64.1%
Other organizations performing similar types of work: 

 85.4%

Number of employees in 2013: 535
Soka University Of America: 

 535
Other organizations performing similar types of work: 

 1,977

Employees paid over $100,000 in 2013: 6.7%
Soka University Of America: 

 6.7%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 14.1%
Soka University Of America: 

 14.1%
Other organizations performing similar types of work: 

 9.1%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?NoNo
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?YesYes
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?YesYes
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?YesYes
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?YesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?YesYes
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 1096111109
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return509535
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYes
Did the organization notify the donor of the value of the goods or services provided?YesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoYes
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$1,849,749$1,972,024
Total reportable compensation from related organizations$123,366$85,321
Total estimated amount of other compensation from the organization and related organizations$304,305$400,247
Total number of individuals who received more than $100,000 of reportable compensation from the organization2832
Total number of independent contractors who received more than $100,000 of compensation from the organization64
Statement of Revenue
201120122013
Total revenue$557,421,448$57,914,569$60,220,777
Contributions, Gifts, Grants and Other Similar Amounts$514,266,968$10,400,162$8,465,746
Program Service Revenue$15,662,178$17,238,359$17,670,466
611600$12,661,227$12,868,876
Educational Support Services$4,299,690$4,489,159
Educational Support Services$277,442$312,431
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$18,918,787$18,480,111$14,280,512
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$471,449$505,326$554,726
Gross rents (Real / Personal)$557,654 / $0$556,673 / $0$591,374 / $0
Less: rental expenses (Real / Personal)$86,205 / $0$51,347 / $0$36,648 / $0
Rental income or (loss) (Real / Personal)$471,449 / $0$505,326 / $0$554,726 / $0
Net gain/loss from sales of assets other than inventory$8,148,557$11,031,759$19,027,317
Gross amount from sales of assets other than inventory (Securities / Other)$667,109,209 / $0$248,430,096 / $0$139,644,505 / $0
Less: cost or other basis and sales expenses (Securities / Other)$658,960,652 / $0$237,398,337 / $0$120,617,188 / $0
Gain or (loss) (Securities / Other)$8,148,557 / $0$11,031,759 / $0$19,027,317 / $0
Net income/loss from fundraising events$-189,707$-119,938$-240,213
Gross income from fundraising events$39,375$152,887$103,508
Less: direct expenses$229,082$272,825$343,721
Net income/loss from gaming activities$0$0$4,055
Gross income from gaming activities$0$0$4,055
Less: direct expenses$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$143,216$378,790$458,168
Musical Groups and Artists $291,599$339,295
900099$58,566$82,987
900099$2,391$1,896
All other revenue$26,234$33,990
Statement of Functional Expenses
201120122013
Total functional expenses$51,547,438$57,583,940$62,422,760
Grants and other assistance to domestic organizations and domestic governments$0$0
Grants and other assistance to domestic individuals$9,674,974$11,082,898
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$202,470$192,771
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$1,286,772$1,194,558$1,261,725
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$10,568,093$11,053,183$11,857,038
Pension plan accruals and contributions$981,301$1,181,117
Other employee benefits$2,254,396$2,259,733
Payroll taxes$932,329$984,176$1,027,740
Fees for services (non-employees)
Management$0$0
Legal$141,217$99,230
Accounting$219,749$232,594
Lobbying$0$0
Professional fundraising services$0$0$0
Investment management fees$2,600,967$3,441,173
Other$2,311,841$3,257,078
Advertising and promotion$1,075,328$1,485,822
Office expenses$1,236,677$1,251,736
Information technology$973,476$832,653
Royalties$0$0
Occupancy$3,302,490$4,404,174
Travel$299,017$259,818
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$10,639$8,862
Interest$0$0
Payments to affiliates$0$0
Depreciation, depletion, and amortization$9,509,215$9,590,852
Insurance$969,194$1,040,217
Other expenses$1,493,968$1,487,540
Other expenses$1,750,500$1,605,557
Other expenses$536,100$864,140
Other expenses$826,011$545,687
Other expenses$3,982,493$3,152,605
Balance Sheet
201120122013
Total assets$1,418,715,717$1,389,184,045$1,457,298,476
Cash - non-interest-bearing$350$350
Savings and temporary cash investments$314,619$2,647,916
Pledges and grants receivable, net$100,000,000$0
Accounts receivable, net$0$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$300,000$300,000
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$2,536,103$2,742,353
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$434,981$291,001
Land, buildings, and equipment: cost or other basis$329,211,228$326,806,298
Investments - publicly traded securities$252,484,138$256,177,920
Investments - other securities$694,213,713$858,839,104
Investments - program-related$4,984,596$4,789,217
Intangible assets$0$0
Other assets$4,704,317$4,704,317
Total liabilities$3,409,613$4,210,769$3,012,161
Accounts payable and accrued expenses$4,020,311$2,703,451
Grants payable$0$0
Deferred revenue$40,458$158,710
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$150,000$150,000
Total net assets or fund balances$1,415,306,104$1,384,973,276$1,454,286,315
Unrestricted net assets$424,173,276$421,080,964
Temporarily restricted net assets$161,238,000$232,820,152
Permanently restricted net assets$799,562,000$800,385,199
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$82,174,734$33,807,451$59,387,260$31,921,715$22,871,390$53,795,495$75,750,790$135,095,416
Contributions, gifts, grants, and similar amounts received$64,962,418$16,203,897$31,089,428$11,277,281$18,864,250$9,806,452$7,881,815$61,256,114
Contributions to donor advised funds$0$0
Direct public support$64,962,418$16,203,897$31,089,428$11,277,281$18,696,250$9,806,452$7,881,815$61,256,114
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$168,000$0$0$0
Program service revenue including government fees and contracts$1,849,867$2,565,020$6,144,093$8,753,474$11,708,159$12,628,737$11,434,551$12,012,388
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$957,076$227,707$0$8,100$227,146$172,838$496,366$578,802
Dividends and interest from securities$13,899,350$11,756,875$9,641,702$6,792,415$4,315,774$7,534,176$7,479,894$7,013,690
Net rental income or (loss)$0$1,014,242$149,372$140,855$515,005$-57,369$95,561$406,977
Gross rents$0$1,014,242$149,372$140,855$515,005$92,924$95,561$864,851
Less: rental expenses$0$0$0$0$0$150,293$0$457,874
Other investment income$0$0$17,169$0$0$0$20,994,924$31,874,782
Gain or (loss) from sales of assets other than inventory$370,470$1,852,900$12,120,124$3,485,236$-13,074,296$23,761,050$25,976,851$21,379,825
Gross amount from sales of assets other than inventory$153,882,922$71,326,584$25,511,000$30,798,000$60,587,046$129,896,315$130,027,274$84,775,750
Less: cost or other basis and sales expenses$153,512,452$69,473,684$13,390,876$27,312,764$73,661,342$106,135,265$104,050,423$63,395,925
Net income or (loss) from special events and activities$0$0$0$0$0$-142,804$-7,346$-156,796
Gross revenue$0$0$0$0$0$24,730$784,475$57,225
Less: direct expenses other than fundraising expenses$0$0$0$0$0$167,534$791,821$214,021
Gross profit or (loss) from sales of inventory$-99$8,571$6,993$14,740$-10,931$-12,226$10,465$0
Gross sales of inventory, less returns and allowances$42,965$18,826$33,050$37,392$37,576$18,765$11,465$0
Less: cost of goods sold$43,064$10,255$26,057$22,652$48,507$30,991$1,000$0
Other revenue$135,652$178,239$218,379$1,449,614$326,283$104,641$1,387,709$729,634
Total expenses$18,492,294$36,531,460$43,655,950$42,194,992$49,112,755$47,559,624$45,607,423$45,421,087
Program services$4,417,347$5,788,079$8,728,747$14,419,366$37,675,882$37,539,932$33,036,334$29,108,660
Management and general$13,711,928$30,545,910$34,448,562$27,368,302$10,751,039$9,357,825$12,062,820$15,678,070
Fundraising$342,205$123,179$401,000$407,324$621,346$661,867$508,269$634,357
Payments to affiliates$20,814$74,292$77,641$0$64,488$0$0$0
Net assets or fund balances at end of year$723,618,007$740,138,562$752,065,872$773,830,680$774,704,252$803,857,865$870,487,923$901,044,880
Excess or (deficit) for the year$63,682,440$-2,724,009$15,731,310$-10,273,277$-26,241,365$6,235,871$30,143,367$89,674,329
Net assets or fund balances at beginning of year$658,435,480$723,618,007$740,138,562$752,065,872$773,830,680$774,704,252$803,857,865$870,487,923
Other changes in net assets or fund balances$1,500,087$19,244,564$-3,804,000$32,038,085$27,114,937$22,917,742$36,486,691$-59,117,372
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$45,421,087$29,108,660$15,678,070$634,357
Grants paid from donor advised funds$0
Other grants and allocations$5,900,666
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$927,660$472,440$455,220$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$9,531,222$5,020,714$4,189,227$321,281
Pension plan contributions not included above$741,647$425,004$292,527$24,116
Employee benefits not included above$1,721,477$947,448$711,297$62,732
Payroll taxes$812,930$462,345$325,613$24,972
Professional fundraising fees$0$0$0$0
Accounting fees$142,066$0$142,066$0
Legal fees$980,611$0$980,611$0
Supplies$303,112$165,408$137,704$0
Telephone$165,205$29,015$135,653$537
Postage and shipping$386,482$148,436$213,670$24,376
Occupancy$3,265,168$3,069,258$195,910$0
Equipment rental and maintenance$2,242,475$1,626,982$615,493$0
Printing and publications$475,848$174,769$301,079$0
Travel$257,069$15,548$235,201$6,320
Conferences, conventions, and meetings$10,221$10,221$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$9,440,077$8,268,738$1,171,339$0
Other expenses not covered above$8,117,151$2,371,668$5,575,460$170,023
Balance Sheets
20002001200220032004200520062007
Total assets$746,324,218$744,414,639$757,660,701$776,310,680$776,435,706$805,978,586$872,813,214$903,792,416
Cash - non-interest-bearing$279,392$1,277,535$2,630,071$5,288,739$1,653,208$565,155$200$200
Savings and temporary cash investments$24,036,783$6,164,506$0$950,000$2,302,000$2,783,448$3,549,518$5,231,662
Accounts receivable less allowance for doubtful accounts$175,446$22,250$0$0$0$0$51,205$45,952
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$174,584$734,653$1,264,701$1,968,014$3,707,289$4,130,556$4,458,106$6,670,691
Inventories for sale or use$20,659$24,323$26,055$31,880$26,397$0$0$0
Prepaid expenses and deferred charges$106,647$0$0$486,001$3,393,521$1,956,246$329,659$2,616,756
Investments - publicly-traded securities$567,294,595$598,880,369
Investments - other securities$349,079,434$311,034,510$342,941,928$366,139,024$450,685,339$490,786,546$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$7,271,715$7,143,784$8,361,096$7,269,317$4,704,317$4,704,317$0$4,704,317
Land, buildings, and equipment less accumulated depreciation$360,454,643$413,308,761$402,436,850$394,169,723$309,855,772$301,052,318$292,425,614$285,642,469
Other assets, including program-related investments$4,724,915$4,704,317$0$7,982$107,863$0$4,704,317$0
Total liabilities$22,706,211$4,276,077$5,594,829$2,480,000$1,731,454$2,120,721$2,325,291$2,747,536
Accounts payable and accrued expenses$9,041,510$2,377,915$3,696,667$2,480,000$1,731,454$2,120,721$2,325,291$2,676,529
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0$71,007
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0$0
Other liabilities$13,664,701$1,898,162$1,898,162$0$0$0$0$0
Total liabilities and net assets/fund balances$746,324,218$744,414,639$757,660,701$776,310,680$776,435,706$805,978,586$872,813,214$903,792,416
Total net assets or fund balances$723,618,007$740,138,562$752,065,872$773,830,680$774,704,252$803,857,865$870,487,923$901,044,880
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$82,174,734$33,807,451$59,387,260$31,921,715$22,871,390$53,795,495$75,750,790$135,095,416
Total revenue, gains, and other support per audited financial statements$83,717,885$17,924,736$52,950,666$59,661,000$71,661,718$71,319,397$107,126,751$70,406,616
Other expenses$1,543,151$-14,281,526$-3,777,943$32,060,737$54,836,052$23,267,242$58,274,436$-33,085,047
Net unrealized gains on investments$1,500,087$-14,291,781$-3,804,000$32,038,085$27,114,937$22,918,424$57,481,615$-27,242,590
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$43,064$10,255$26,057$22,652$27,721,115$348,818$792,821$-5,842,457
Other revenue$0$1,601,189$2,658,651$4,321,452$6,045,724$5,743,340$26,898,475$31,603,753
Investment expenses$0$0$0$0$0$0$0$0
Other$0$1,601,189$2,658,651$4,321,452$6,045,724$5,743,340$26,898,475$31,603,753
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$18,492,294$36,531,460$43,655,950$42,194,992$49,112,755$47,559,624$45,607,423$45,421,087
Total expenses and losses per audited financial statements$18,535,358$34,940,526$41,023,356$37,897,000$70,788,146$42,165,488$40,496,693$39,849,659
Other revenue$43,064$10,255$26,057$22,652$27,721,115$349,204$792,821$271,029
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$43,064$10,255$26,057$22,652$27,721,115$349,204$792,821$271,029
Other expenses$0$1,601,189$2,658,651$4,320,644$6,045,724$5,743,340$5,903,551$5,842,457
Investment expenses$0$0$0$0$0$0$0$0
Other$0$1,601,189$2,658,651$4,320,644$6,045,724$5,743,340$5,903,551$5,842,457
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$170,000$29,905$0
40$164,413$32,494$0
40$194,220$30,538$0
40$133,027$40,351$0
40$91,000$29,128$0
40$175,000$23,315$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings14
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006230
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$61,826,914$12,012,388
Program service revenue
Program service revenue 1000000$000$0$8,655,772
Program service revenue 2000000$000$0$3,121,833
Program service revenue 3000000$000$0$234,783
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$578,802$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$7,013,690$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$406,977$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$31,874,782$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$21,379,825$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$-156,796$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$729,634$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$141,443$46,733$0
$133,332$49,817$0
$130,996$38,102$0
$135,924$29,422$0
$131,104$31,924$0
Total number of other employees paid over $50,00087
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$-73,059$0$-73,059
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$-73,059$0$-73,059
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$-73,059
Unrelated business taxable income before net operating loss deduction$-73,059
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-73,059
Specific deduction$1,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Board Of Trustees Of The Leland Stanford Junior University3145 Porter Drive, Palo Alto, CA 94304-1234CA1996-10$24,194,977,828
2University Of Southern CaliforniaUniversity Gardens Ste 205, Los Angeles, CA 90089-0001CA1934-10$3,954,173,592
3Loma Linda UniversityPO BOX 2000, Loma Linda, CA 92354-0200CA1950-01$3,315,441,382
4California Institute Of Technology1200 California Blvd M/C 169-84, Pasadena, CA 91125-0001CA1937-02$2,823,917,000
5University Of The Pacific3601 Pacific Ave, Stockton, CA 95211-0110CA1963-12$819,105,039
6University Of San Diego5998 Alcala Park, San Diego, CA 92110-8001CA1946-03$688,142,407
7President-Board Of Trustees Santa Clara College, Society Of Women Engineers500 El Camino Real, Santa Clara, CA 95053CA1937-01$629,795,473
8Chapman University1 University Dr, Orange, CA 92866-1005CA1951-04$577,564,050
9Pepperdine University24255 Pacific Coast Highway, Malibu, CA 90263-3999CA1940-12$445,463,546
10University Of San Francisco2130 Fulton St, San Francisco, CA 94117-1080CA1986-01$437,662,680
11William Carey University498 Tuscan Ave Box 2, Hattiesburg, MS 39401-5461MS1973-03$82,693,678
12Mount Saint Vincent University166 Bedford Highway, Halifaxinternational1981-08$48,966,246
13Emory, Group Return1440 Clifton Rd Ne Whscab Ste 309, Atlanta, GA 30322-0001GA2011-06$1,342,412,951
14University Of Science & PhilosophyPO BOX 520, Waynesboro, VA 22980-0384VA1958-12$227,455
15Emory Innovations Inc201 Dowman Dr Ne 101 Admin Bldg, Atlanta, GA 30322-0001GA2011-06$0
16Emorysaint Joseph's Inc1440 Clifton Road Ne Whscab, Atlanta, GA 30322GA2011-06$0
17Great Lakes UniversityPo Box 4347, Auburn Hills, MI 48326MI2007-09$0
18Medical And Technological University Of America Foundation683 Windmill Ct, Fremont, CA 94539CA2007-11$0
19Momentum Leadership School Of Ministry Inc15 Kibbe Road, East Longmeadow, MA 01028MA2009-07$0
20Nelson Mandella Institution For Knowledge Building & Advancement1825 I St Nw Ste 400, Washington, DC 20006-5415DC2007-12$0
Number of organizations performing similar types of work
Alaska1
Alabama4
Arkansas1
Arizona2
California36
Colorado5
Connecticut9
District of Columbia6
Delaware2
Florida10
Georgia10
Hawaii2
Iowa7
Illinois19
Indiana6
Kansas4
Kentucky4
Louisiana4
Massachusetts19
Maryland7
Maine2
Michigan11
Minnesota5
Missouri9
Mississippi1
North Carolina11
North Dakota1
Nebraska2
New Hampshire3
New Jersey12
New York37
Ohio20
Oklahoma5
Oregon5
Pennsylvania29
Rhode Island3
South Carolina2
Tennessee6
Texas20
Utah1
Virginia11
Vermont3
Washington9
Wisconsin8
West Virginia2
International20
Total396

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