La Sierra University
- Assets
- $210.9m
- Revenue
- $82.7m
- Investments
- $0.0
- Employees
- 1,237
- Location
- Riverside, CA
- Founding
- 04/1947
- Data as of
- 06/2022
- EIN
- 33-0413730
Organization Overview
La Sierra University is located in Riverside, CA. The organization was established in 1947. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, LA Sierra University employed 1,237 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. LA Sierra University 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, LA Sierra University generated $82.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $74.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE UNDERGRADUATE AND GRADUATE STUDENTS; TO PROMOTE RESEARCH AND INSTRUCTION IN MULTIPLE AREAS; AND TO CONTRIBUTE TO THE GOOD OF THE LARGER SOCIETY.
Describe the Organization's Program Activity:
INSTRUCTION AND RESEARCH PROGRAMS SERVED MORE THAN 1,500 UNDERGRADUATE AND 500 GRADUATE STUDENTS. THESE PROGRAMS HAVE A COMMUNITY-CENTERED APPROACH AROUND GENERAL STUDIES, INTERNATIONAL LEARNING EXPERIENCES AND CULMINATES IN A SENIOR PROJECT OF ORIGINAL SCHOLARSHIP.
STUDENT SERVICES SERVED STUDENTS' EMOTIONAL, PHYSICAL, SPIRITUAL WELL BEING, INTELLECTUAL, CULTURAL AND SOCIAL DEVELOPMENT OUTSIDE OF THE CLASSROOM. MORE THAN 100 STUDENTS VOLUNTEERED FOR COMMUNITY SERVICE. THERE ARE 11 ACTIVE MINISTRIES AND 20 SOCIAL CLUBS. THE UNIVERSITY HAS MEN'S AND WOMEN'S BASKETBALL, BASEBALL, SOFTBALL, MEN'S AND WOMEN'S SOCCER, MEN'S AND WOMEN'S CROSS COUNTRY, AND WOMEN'S VOLLEYBALL VARSITY PROGRAMS. APPROXIMATELY 180 PEOPLE PARTICIPATE. THERE IS ALSO AN INTRAMURAL PROGRAM THAT IS OPEN TO ALL STUDENTS FOR PARTICIPATION. THE INTRAMURAL SPORTS INCLUDE: FLAG FOOTBALL, SOCCER, BASKETBALL, VOLLEYBALL, BADMINTON, BEACH VOLLEYBALL, ZUMBA, YOGA, AND SOFTBALL. OVER 160 STUDENTS WERE ABLE TO PARTICIPATE IN THE PROGRAM THIS YEAR.
AUXILIARIES - EXPENSES FOR ENTERPRISES THAT EXIST TO FURNISH GOODS OR SERVICES TO STUDENTS, FACULTY OR STAFF. 463 STUDENTS LIVED IN RESIDENCE HALLS AND 78 IN UNIVERSITY APARTMENTS AND HOUSES. IN ADDITION, 31 FACULTY AND STAFF OCCUPY APARTMENTS AND HOUSES OWNED BY THE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joy Fehr President | OfficerTrustee | 50 | $255,047 |
Norman Yergen VP Of Advancement | 50 | $140,729 | |
April Summitt Provost | Officer | 50 | $160,282 |
David Geriguis VP Of Financial Administration | Officer | 50 | $157,231 |
Johnny Thomas Dean-Zapara School Of Business | 50 | $140,617 | |
Chang-Ho Ji Dean-School Of Education | 50 | $129,870 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Criminal Justice Institute Llc Educational | 6/29/22 | $1,384,580 |
Sodexo Inc And Affiliates Facilities&food Svcs | 6/29/22 | $1,565,264 |
Sean Mcdermott Construction Construction | 6/29/22 | $167,552 |
Swinerton Builders General Contractor | 6/29/22 | $499,860 |
Dynamic Campus Solutions Inc It Consulting | 6/29/22 | $1,877,787 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,094 |
| Related organizations | $3,837,039 |
| Government grants | $10,533,780 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,794,776 |
| Noncash contributions included in lines 1a–1f | $25,194 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,188,689 |
| Total Program Service Revenue | $56,880,778 |
| Investment income | $1,249,850 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $247,826 |
| Net Gain/Loss on Asset Sales | $5,545,530 |
| Net Income from Fundraising Events | -$4,092 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,664,622 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $18,532,838 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $622,965 |
| Compensation of current officers, directors, key employees. | $370,802 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,597,684 |
| Pension plan accruals and contributions | $2,964,726 |
| Other employee benefits | $3,979,685 |
| Payroll taxes | $1,569,650 |
| Fees for services: Management | $3,253,580 |
| Fees for services: Legal | $513,038 |
| Fees for services: Accounting | $72,418 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $121,766 |
| Fees for services: Other | $3,264,090 |
| Advertising and promotion | $348,418 |
| Office expenses | $1,601,552 |
| Information technology | $1,465,615 |
| Royalties | $0 |
| Occupancy | $1,395,158 |
| Travel | $403,267 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $435,975 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,020,919 |
| Insurance | $1,215,017 |
| All other expenses | $5,145,914 |
| Total functional expenses | $74,524,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,180 |
| Savings and temporary cash investments | $21,686,956 |
| Pledges and grants receivable | $6,494,107 |
| Accounts receivable, net | $4,505,494 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,126,691 |
| Inventories for sale or use | $297,959 |
| Prepaid expenses and deferred charges | $472,071 |
| Net Land, buildings, and equipment | $58,016,607 |
| Investments—publicly traded securities | $113,038,081 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,266,589 |
| Total assets | $210,919,735 |
| Accounts payable and accrued expenses | $4,918,471 |
| Grants payable | $0 |
| Deferred revenue | $7,236,314 |
| Tax-exempt bond liabilities | $10,124,826 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,673,278 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,119,321 |
| Total liabilities | $35,072,210 |
| Net assets without donor restrictions | $132,582,475 |
| Net assets with donor restrictions | $43,265,050 |
| 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 | $210,919,735 |