University Of The People
- Assets
- $12.6m
- Revenue
- $25.0m
- Investments
- $529.7k
- Employees
- 20
- Location
- Pasadena, CA
- Founding
- 07/2010
- Data as of
- 08/2022
- EIN
- 26-4078735
Organization Overview
University Of The People is located in Pasadena, CA. The organization was established in 2010. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 08/2022, University Of The People employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of The People 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 08/2022, University Of The People generated $25.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.8% each year . All expenses for the organization totaled $19.8m during the year ending 08/2022. While expenses have increased by 30.2% 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
THE MISSION OF THE UNIVERSITY IS TO OFFER AFFORDABLE, QUALITY, ONLINE, DEGREE-GRANTING EDUCATIONAL PROGRAMS TO ANY QUALIFIED STUDENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION SERVICES: AS STATED IN ITS MISSION, THIS ORGANIZATION SEEKS TO PROVIDE QUALITY WEB-BASED EDUCATIONAL PROGRAMS, LEADING TO A DEGREE FOR THE SUCCESSFUL PARTICIPANT. FOR YEAR END 8/31/2022, THESE EXPENSES INCLUDED INSTRUCTIONAL EXPENSES, ACCREDITATION EXPENSES, TECHNOLOGICAL EXPENSES AND SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Asaf Wolff Vice President | Officer | 40 | $204,922 |
Alsobrookmetta Director | 40 | $140,090 | |
Julie Anne Mcnary Director | 40 | $139,594 | |
Lindsay Kara Pullen Director | 40 | $138,209 | |
Daniel Kalmanson VP | 40 | $125,664 | |
Shawn Shahab Moustafa Vice Provost | 40 | $116,574 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,719,278 |
| Noncash contributions included in lines 1a–1f | $101,023 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,719,278 |
| Total Program Service Revenue | $13,427,371 |
| Investment income | $2,979 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$164,632 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,984,996 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $979,293 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,228,913 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,683 |
| Fees for services: Accounting | $101,752 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $264,744 |
| Information technology | $3,188,793 |
| Royalties | $0 |
| Occupancy | $66,211 |
| Travel | $67,888 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | -$40,843 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,808 |
| Insurance | $64,527 |
| All other expenses | $0 |
| Total functional expenses | $19,787,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,408,517 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $9,498,469 |
| 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 | $114,390 |
| Net Land, buildings, and equipment | $5,978 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $529,668 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,571 |
| Total assets | $12,578,593 |
| Accounts payable and accrued expenses | $863,903 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,928,890 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $854,020 |
| Total liabilities | $3,646,813 |
| Net assets without donor restrictions | -$1,307,467 |
| Net assets with donor restrictions | $10,239,247 |
| 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 | $12,578,593 |