University Of Santa Monica
- Assets
- $8.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 17
- Location
- Santa Monica, CA
- Founding
- 02/1977
- Data as of
- 08/2023
- EIN
- 51-0207234
Organization Overview
University Of Santa Monica is located in Santa Monica, CA. The organization was established in 1977. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 08/2023, University Of Santa Monica employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Santa Monica 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 08/2023, University Of Santa Monica generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $2.3m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (10.9%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY OF SANTA MONICA IS DEDICATED TO COMMUNICATING THE PRINCIPLES AND PRACTICES OF SPIRITUAL PSYCHOLOGY WORLDWIDE THROUGH THE PROCESS OF SOUL-CENTERED EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFERING AND CONDUCTING COLLEGE COURSES, EDUCATIONAL SEMINARS, TRAINING AND WORKSHOPS. A TOTAL OF 616 STUDENTS WERE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Ronald Hulnick President | Officer | 70 | $361,511 |
Mary R Hulnick Vice President | Officer | 70 | $361,511 |
Bonne Chance Executive Administrator | 40 | $125,900 | |
Michael C Polek Diector Of It Services | 40 | $121,108 | |
Kevin Walsh Director Of Technology | 40 | $111,650 | |
Lenore Perry Director Of Marketing | 40 | $110,900 |
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 | $452,873 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $452,873 |
| Total Program Service Revenue | $1,017,398 |
| Investment income | $46,636 |
| 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 | $3,910 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,520,817 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,303,480 |
| Compensation of current officers, directors, key employees. | $286,766 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $279,868 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $141,560 |
| Payroll taxes | $101,246 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,634 |
| Fees for services: Accounting | $5,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,263 |
| Advertising and promotion | $47,707 |
| Office expenses | $6,615 |
| Information technology | $25,588 |
| Royalties | $0 |
| Occupancy | $6,576 |
| Travel | $4,094 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,634 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,437 |
| Insurance | $32,603 |
| All other expenses | $39,492 |
| Total functional expenses | $2,349,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,675 |
| Savings and temporary cash investments | $501,958 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $89,190 |
| 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 | $12,004 |
| Net Land, buildings, and equipment | $15,732 |
| Investments—publicly traded securities | $1,095,986 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,476,182 |
| Other assets | $32,982 |
| Total assets | $8,342,709 |
| Accounts payable and accrued expenses | $80,908 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $353,439 |
| Total liabilities | $434,347 |
| Net assets without donor restrictions | $7,908,362 |
| 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 | $8,342,709 |