University Of Southern California
- Assets
- $14.7b
- Revenue
- $5.4b
- Investments
- $4.2b
- Employees
- 40,550
- Location
- Los Angeles, CA
- Founding
- 10/1934
- Data as of
- 06/2021
- EIN
- 95-1642394
Organization Overview
University Of Southern California is located in Los Angeles, CA. The organization was established in 1934. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, University Of Southern California employed 40,550 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Southern California 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 06/2021, University Of Southern California generated $5.4b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $5.4b during the year ending 06/2021. While expenses have increased by 3.3% 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.
Since 2015, University Of Southern California has awarded 180 individual grants totaling $13,116,926. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
INSTRUCTION: APPROXIMATELY 21,000 STUDENTS IN UNDERGRADUATE CLASSES: APPROXIMATELY 28,500 STUDENTS IN GRADUATE AND PROFESSIONAL CLASSES: 5,538 BACHELOR DEGREES CONFERRED AND 12,004 ADVANCED DEGREES CONFERRED IN 2020-2021.
HEALTH CARE SERVICES: THE DOCTORS OF USC ARE MORE THAN 500 PHYSICIANS AND SPECIALISTS WHO ARE FULL-TIME FACULTY MEMBERS OF THE KECK SCHOOL OF MEDICINE OF USC. USC PHYSICIANS PRACTICE AT KECK HOSPITAL OF USC, USC NORRIS CANCER HOSPITAL, USC VERDUGO HILLS HOSPITAL, DOHENY EYE INSTITUTE, HEALTH CARE CENTERS ON THE HEALTH SCIENCES CAMPUS AND IN DOWNTOWN LOS ANGELES, AND AT LOS ANGELES COUNTY & USC MEDICAL CENTER AND CHILDRENS HOSPITAL LOS ANGELES. SEE SCHEDULE O, PART III, LINE 3 NARRATIVE.
AUXILIARY ENTERPRISES: APPROXIMATELY 49,500 STUDENTS AND 21,000 FACULTY AND STAFF ARE SERVED BY THE BOOKSTORE, DINING SERVICES, HOUSING, PARKING FACILITIES AND OTHER SERVICES THAT SUPPORT EDUCATIONAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Helton Head Football Coach | 40 | $4,690,843 | |
Andy Enfield Men's Head Basketball Coach | 40 | $3,443,388 | |
Vaughn Starnes MD Chair & Dist Prof Surgery | 0 | $2,979,277 | |
George Semeniuk MD Professor Of Medical Oncology | 50 | $2,788,966 | |
Louis A Vandermolen MD Professor Of Clinical Medicine | 50 | $2,642,144 | |
Carol L Folt President/trustee | OfficerTrustee | 50 | $2,330,738 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deloitte Consulting Llp Consulting Services | 6/29/21 | $20,773,071 |
2u Inc Online Education Svc | 6/29/21 | $79,316,495 |
Hathaway Dinwiddie Aecom Hunt Jt Ve Construction Svcs | 6/29/21 | $24,597,172 |
Sierra Pacific Constructors Inc Construction Svcs | 6/29/21 | $30,752,052 |
Willis Towers Watson Insurance Serv Consulting Services | 6/29/21 | $25,911,736 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $457,142 |
| Related organizations | $0 |
| Government grants | $505,578,036 |
| All other contributions, gifts, grants, and similar amounts not included above | $523,488,475 |
| Noncash contributions included in lines 1a–1f | $78,013,146 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,029,523,653 |
| Total Program Service Revenue | $3,809,918,063 |
| Investment income | $24,417,559 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,972,056 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $508,413,775 |
| Net Income from Fundraising Events | -$74,737 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,375,170,369 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,014,018 |
| Grants and other assistance to domestic individuals. | $671,518,722 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,778,512 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $18,578,900 |
| Compensation of current officers, directors, key employees. | $6,644,486 |
| Compensation to disqualified persons | $3,777,487 |
| Other salaries and wages | $2,549,146,846 |
| Pension plan accruals and contributions | $205,150,900 |
| Other employee benefits | $326,736,133 |
| Payroll taxes | $107,802,966 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $65,169,272 |
| Fees for services: Accounting | $3,628,895 |
| Fees for services: Lobbying | $385,245 |
| Fees for services: Fundraising | $360,000 |
| Fees for services: Investment Management | $14,751,587 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $437,053,440 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,972,999 |
| Travel | $6,729,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $89,056,963 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $259,732,380 |
| Insurance | $7,393,643 |
| All other expenses | $0 |
| Total functional expenses | $5,421,388,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,042,524,155 |
| Pledges and grants receivable | $377,926,420 |
| Accounts receivable, net | $92,744,324 |
| Loans from Officers, Directors, or Controlling Persons | $11,678,076 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $35,271,125 |
| Inventories for sale or use | $30,458,011 |
| Prepaid expenses and deferred charges | $339,580,435 |
| Net Land, buildings, and equipment | $3,907,725,005 |
| Investments—publicly traded securities | $4,182,839,721 |
| Investments—other securities | $4,185,924,022 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $529,110,898 |
| Total assets | $14,735,782,192 |
| Accounts payable and accrued expenses | $1,199,984,111 |
| Grants payable | $0 |
| Deferred revenue | $227,519,241 |
| 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 | $2,132,014,681 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $753,705,184 |
| Total liabilities | $4,313,223,217 |
| Net assets without donor restrictions | $7,719,411,328 |
| Net assets with donor restrictions | $2,703,147,647 |
| 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 | $14,735,782,192 |
Grants Awarded
Over the last fiscal year, University Of Southern California has awarded $1,667,019 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: GENERAL SUPPORT | $780,870 |
Dallas, TX PURPOSE: GENERAL SUPPORT | $250,000 |
Laguna Beach, CA PURPOSE: GENERAL SUPPORT | $43,200 |
Los Angeles, CA PURPOSE: GENERAL SUPPORT | $34,280 |
Los Angeles, CA PURPOSE: GENERAL SUPPORT | $31,730 |
Los Angeles, CA PURPOSE: GENERAL SUPPORT | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that University Of Southern California has recieved totaling $1,573,363.
| Awarding Organization | Amount |
|---|---|
Delta Dental Community Care Foundation San Francisco, CA PURPOSE: ORAL HEALTH EDUCATION | $1,080,000 |
Delta Dental Community Care Foundation San Francisco, CA PURPOSE: ACCESS TO CARE | $300,000 |
Reuben B Resnik And Helga M Resnik Foundation Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $96,000 |
Woo Education Foundation Los Angeles, CA PURPOSE: SCHOLARSHIP | $30,989 |
Civic Foundation Inc Philadelphia, PA PURPOSE: ENDOWED SCHOLARSHIP | $20,000 |
Los Angeles Philanthropic Foundation Los Angeles, CA PURPOSE: GRANTS FOR SCHOLARSHIPS | $17,000 |
Endowment Analysis
| Beg. Balance | $5,400,108,641 |
| Earnings | $2,221,283,012 |
| Admin Expense | $10,627,955 |
| Net Contributions | $155,477,007 |
| Other Expense | $194,880,267 |
| Grants | $53,482,200 |
| Ending Balance | $7,517,878,238 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chapman University Orange, CA | $2,132,825,456 | $697,718,019 |
Loyola Marymount University Los Angeles, CA | $1,676,232,440 | $723,872,616 |
Pepperdine University Malibu, CA | $2,047,744,709 | $580,174,202 |
University Of San Francisco San Francisco, CA | $1,277,161,356 | $554,812,646 |
University Of San Diego San Diego, CA | $1,513,056,957 | $520,612,377 |
President-Board Of Trustees Santa Clara College Santa Clara, CA | $2,958,910,318 | $543,668,030 |
National University San Diego, CA | $1,578,654,080 | $391,699,793 |
University Of The Pacific Stockton, CA | $1,331,534,766 | $478,311,062 |
Loma Linda University Loma Linda, CA | $1,843,254,584 | $350,502,232 |
Loma Linda University Shared Services Loma Linda, CA | $270,756,141 | $292,339,481 |
Azusa Pacific University Azusa, CA | $364,665,569 | $273,144,020 |
Biola University Inc La Mirada, CA | $495,437,445 | $217,190,577 |