University Of The People
- Assets
- $8.4m
- Revenue
- $18.8m
- Investments
- $0.0
- Employees
- 30
- Location
- Pasadena, CA
- Founding
- 07/2010
- Data as of
- 08/2021
- 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 08/2021, University Of The People employed 30 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 08/2021, University Of The People generated $18.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 30.4% each year . All expenses for the organization totaled $18.4m during the year ending 08/2021. While expenses have increased by 34.4% per year over the past 6 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
2021
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 8/31/2021, THESE EXPENSES INCLUDED INSTRUCTIONAL, EXPENSES, ACCREDITATION EXPENSES, TECHNOLOGICAL EXPENSES AND SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shai Reshef President | Trustee | 40 | $0 |
Gabriel Hawawini Trustee | Trustee | 1 | $0 |
Daniel Greenwood Trustee | Trustee | 1 | $0 |
Pascaline Servan-Schreiber Trustee | Trustee | 1 | $0 |
Antoine Van Agtmael Trustee | Trustee | 1 | $0 |
Christine Durham Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $171,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,447,232 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,619,132 |
| Total Program Service Revenue | $14,137,703 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,756,835 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,437,773 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,488 |
| Fees for services: Accounting | $80,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,331,166 |
| Office expenses | $220,741 |
| Information technology | $2,210,156 |
| Royalties | $0 |
| Occupancy | $75,761 |
| Travel | $23,990 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $90,306 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,791 |
| Insurance | $35,303 |
| All other expenses | $0 |
| Total functional expenses | $18,362,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,076,740 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,211,535 |
| 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 | $82,534 |
| Net Land, buildings, and equipment | $12,462 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,836 |
| Total assets | $8,426,107 |
| Accounts payable and accrued expenses | $1,997,245 |
| 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 | $2,169,706 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $656,502 |
| Total liabilities | $4,823,453 |
| Net assets without donor restrictions | -$1,779,174 |
| Net assets with donor restrictions | $5,381,828 |
| 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 | $8,426,107 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that University Of The People has recieved totaling $1,466,593.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $480,000 |
Sunrise Charitable Foundation Trust Bethesda, MD PURPOSE: GENERAL OPERATIONS | $260,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR A PROJECT TO SUPPORT THE APPLICATION FOR WASC ACCREDITATION | $200,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $162,000 |
Solomon Wilson Family Foundation Inc New York, NY PURPOSE: EDUCATIONAL PROGRAMS | $100,000 |
Psquared Charitable Foundation Wilmington, DE PURPOSE: FOR THE AFGHAN WOMEN SCHOLARS PROGRAM | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pacific Union College Angwin, CA | $98,736,096 | $48,958,321 |
Menlo College Atherton, CA | $48,235,643 | $52,004,358 |
Corban University Salem, OR | $26,227,993 | $40,955,830 |
Arizona Christian University Glendale, AZ | $57,965,116 | $41,715,936 |
Simpson University Redding, CA | $52,447,499 | $43,472,556 |
American Jewish University Los Angeles, CA | $129,826,086 | $22,806,857 |
Thomas Aquinas College Santa Paula, CA | $136,623,649 | $24,709,172 |
San Diego Christian College Santee, CA | $4,048,985 | $20,357,580 |
Sierra Nevada College Incline Village, NV | $45,898,169 | $25,316,943 |
Columbia College Tarzana, CA | $10,228,800 | $19,320,948 |
University Of The People Pasadena, CA | $8,426,107 | $18,756,835 |
Foundation For Hispanic Education San Jose, CA | $9,597,564 | $17,861,109 |