Annenberg School For Communication Tr At The University Of Southern C
- Assets
- $111.8m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 06/2002
- Data as of
- 06/2022
- EIN
- 77-6216147
Organization Overview
Annenberg School For Communication Tr At The University Of Southern C is located in Philadelphia, PA. The organization was established in 2002. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Annenberg School For Communication Tr At The University Of Southern C 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, Annenberg School For Communication Tr At The University Of Southern C generated $8.4m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $6.1m during the year ending 06/2022. While expenses have increased by 1.7% per year over the past 3 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
TO SUPPORT THE ANNENBERG SCHOOL FOR COMMUNICATION AND JOURNALISM AT THE UNIVERSITY OF SOUTHERN CALIFORNIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNENBERG SCHOOL FOR COMMUNICATION TRUST AT THE UNIVERSITY OF SOUTHERN CALIFORNIA (HEREINAFTER THE "TRUST") IS A CHARITABLE TRUST ESTABLISHED UNDER THE LAWS OF THE COMMONWEALTH OF PENNSYLVANIA EXCLUSIVELY FOR THE BENEFIT OF THE ANNENBERG SCHOOL FOR COMMUNICATION AND JOURNALISM AT THE UNIVERSITY OF SOUTHERN CALIFORNIA (HEREINAFTER THE "ANNENBERG SCHOOL"), WHICH IS THE SCHOOL FOR THE STUDY OF COMMUNICATIONS AT THE UNIVERSITY OF SOUTHERN CALIFORNIA, AN ORGANIZATION DESCRIBED IN SECTIONS 501(C)(3) AND 170(B)(1)(A)(II) OF THE INTERNAL REVENUE CODE ("CODE"), LOCATED IN LOS ANGELES, CALIFORNIA. THE ANNENBERG SCHOOL IS A COMPONENT PART OF THE UNIVERSITY OF SOUTHERN CALIFORNIA AND IS GOVERNED AND OPERATED BY THE TRUSTEES OF THE UNIVERSITY OF SOUTHERN CALIFORNIA. PURSUANT TO AN IRS DETERMINATION LETTER DATED FEBRUARY 7, 2011, THE TRUST IS CLASSIFIED AS A "TYPE III" SUPPORTING ORGANIZATION. THE ACTIVITIES OF THE TRUST ARE LIMITED TO THE TRUSTEES MAKING DISTRIBUTIONS OF PRINCIPAL AND INCOME OF THE TRUST TO THE ANNENBERG SCHOOL. THIS FORM 990 IS BEING FILED FOR A TAXABLE YEAR BEGINNING JULY 1, 2021 AND ENDING JUNE 30, 2022. DISTIBUTIONS TO THE UNIVERSITY OF SOUTHERN CALIFORNIA WERE MADE DURING THE TRUST'S TAXABLE YEAR IN THE AMOUNT OF $6,097,171.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Willow Bay Trustee | Trustee | 1 | $0 |
Wallis Annenberg Trustee | Trustee | 1 | $0 |
David Ulich Trustee | Trustee | 1 | $0 |
Howard C Deshong III Trustee | Trustee | 1 | $0 |
John R Latourette Trustee | Trustee | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $8,200,680 |
| 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 | $8,374,768 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,097,171 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,802 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $337 |
| Total functional expenses | $6,115,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $111,772,784 |
| Total assets | $111,772,784 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $111,772,784 |
| 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 | $111,772,784 |