National University Foundation
- Assets
- $124.0m
- Revenue
- $127.0m
- Investments
- $0.0
- Employees
- 300
- Location
- San Diego, CA
- Founding
- 05/2007
- Data as of
- 06/2022
- EIN
- 20-1269904
Organization Overview
National University Foundation is located in San Diego, CA. The organization was established in 2007. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, National University Foundation employed 300 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National University Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, National University Foundation generated $127.0m in total revenue. All expenses for the organization totaled $141.6m during the year ending 06/2022. While expenses have increased by 96.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ADMINISTRATIVE SERVICES TO THE ORGANIZATION'S AFFILIATED INSTITUTIONS: THE NATIONAL UNIVERSITY SYSTEM ("NUS").
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT AND SERVICES TO THE ORGANIZATIONS IN THE NATIONAL UNIVERSITY SYSTEM ("NUS").
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ana Gomez Chapman Trustee (as Of 10/21) | Trustee | 3 | $0 |
Carlos Rodriguez Trustee | Trustee | 3 | $0 |
Dan Pittard Trustee | Trustee | 3 | $0 |
Dr E Lee Rice Trustee | Trustee | 3 | $0 |
Dr Erlinda Martinez Trustee | Trustee | 3 | $0 |
Dr Michael Cunningham Chancellor, Trustee | OfficerTrustee | 45 | $886,235 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Education Partners Inc Services | 6/29/22 | $5,225,314 |
Arthur J Gallagher & Co Consultants | 6/29/22 | $1,717,891 |
Oracle America Inc Cloud Platform Services | 6/29/22 | $1,542,737 |
Sierra-cedar Inc Software Hosting | 6/29/22 | $1,190,848 |
Learning Policy Institute Research Services | 6/29/22 | $900,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $28,547,033 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $183 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,547,216 |
| Total Program Service Revenue | $95,089,050 |
| Investment income | $315,547 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $100,000 |
| Net Gain/Loss on Asset Sales | $2,905,797 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $126,957,610 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $62,664 |
| Grants and other assistance to domestic individuals. | $828,553 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,931,593 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,173,352 |
| Pension plan accruals and contributions | $1,894,743 |
| Other employee benefits | $7,722,313 |
| Payroll taxes | $3,578,442 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $666,905 |
| Fees for services: Accounting | $140,315 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $96,253 |
| Fees for services: Other | $35,600,528 |
| Advertising and promotion | $1,100,676 |
| Office expenses | $85,426 |
| Information technology | $7,079,308 |
| Royalties | $0 |
| Occupancy | $7,593,880 |
| Travel | $1,405,146 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,069,078 |
| Interest | $7,219,529 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,805,664 |
| Insurance | $2,130,984 |
| All other expenses | $7,268,679 |
| Total functional expenses | $141,616,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,760,615 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,041,895 |
| Net Land, buildings, and equipment | $1,588,127 |
| Investments—publicly traded securities | $44,182,895 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $57,667,065 |
| Other assets | $4,793,057 |
| Total assets | $124,033,654 |
| Accounts payable and accrued expenses | $11,378,050 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $65,211,166 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $103,774,232 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,872,713 |
| Total liabilities | $190,236,161 |
| Net assets without donor restrictions | -$66,202,507 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $124,033,654 |
Grants Awarded
Over the last fiscal year, National University Foundation has awarded $10,584,707 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY UNIVERSITY OF SEATTLE PURPOSE: OPERATIONS | $35,100 |
NATIONAL UNIVERSITY PURPOSE: OPERATIONS | $10,549,607 |