University Of Southern California
- Assets
- $13.8b
- Revenue
- $5.6b
- Investments
- $4.6b
- Employees
- 42,205
- Location
- Los Angeles, CA
- Founding
- 10/1934
- Data as of
- 06/2022
- 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 06/2022, University Of Southern California employed 42,205 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 06/2022, University Of Southern California generated $5.6b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $5.0b during the year ending 06/2022. While expenses have increased by 1.8% per year over the past 7 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 201 individual grants totaling $13,766,289. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
INSTRUCTION AND RESEARCH: APPROXIMATELY 21,000 STUDENTS IN UNDERGRADUATE CLASSES: APPROXIMATELY 28,000 STUDENTS IN GRADUATE AND PROFESSIONAL CLASSES: 5,424 BACHELOR DEGREES CONFERRED AND 12,393 ADVANCED DEGREES CONFERRED IN 2021-2022. THE MAJOR RESEARCH IS IN MEDICINE, ENGINEERING AND THE SCIENCES. THE INSTITUTION HAS 701 CONTRACTS/GRANTS AWARDED BY THE FEDERAL GOVERNMENT AND 347 AWARDED IN 2021-2022 BY PRIVATE CORPORATIONS, FOUNDATIONS, OTHER UNIVERSITIES, OR STATE AND LOCAL GOVERNMENTS FOR BASIC RESEARCH.
INSTRUCTION AND RESEARCH: APPROXIMATELY 21,000 STUDENTS IN UNDERGRADUATE CLASSES: APPROXIMATELY 28,000 STUDENTS IN GRADUATE AND PROFESSIONAL CLASSES: 5,424 BACHELOR DEGREES CONFERRED AND 12,393 ADVANCED DEGREES CONFERRED IN 2021-2022. THE MAJOR RESEARCH IS IN MEDICINE, ENGINEERING AND THE SCIENCES. THE INSTITUTION HAS 701 CONTRACTS/GRANTS AWARDED BY THE FEDERAL GOVERNMENT AND 347 AWARDED IN 2021-2022 BY PRIVATE CORPORATIONS, FOUNDATIONS, OTHER UNIVERSITIES, OR STATE AND LOCAL GOVERNMENTS FOR BASIC RESEARCH.
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.
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.
AUXILIARY ENTERPRISES: APPROXIMATELY 49,000 STUDENTS AND 21,000 FACULTY AND STAFF ARE SERVED BY THE BOOKSTORE, DINING SERVICES, HOUSING, PARKING FACILITIES AND OTHER SERVICES THAT SUPPORT EDUCATIONAL ACTIVITIES.
AUXILIARY ENTERPRISES: APPROXIMATELY 49,000 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 | $4,642,300 | |
Carol L Folt President/trustee | OfficerTrustee | 50 | $3,458,670 |
Andy Enfield Men's Head Basketball Coach | 40 | $3,749,225 | |
Vaughn Starnes MD Chair & Dist Prof Surgery | 0 | $3,379,985 | |
Louis A Vandermolen MD Professor Of Clinical Medicine | 50 | $3,008,260 | |
Inderbir Singh Gill MD Professor Of Urology | 50 | $2,831,970 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deloitte Consulting Llp Consulting Services | 6/29/22 | $24,980,066 |
Ernst Young Consulting Services | 6/29/22 | $18,308,396 |
Gibson Dunn Crutcher Llp Consulting Services | 6/29/22 | $10,358,633 |
The Penta Building Group Llc Construction Srvs | 6/29/22 | $7,187,055 |
Cooley Llp Consulting Services | 6/29/22 | $5,565,700 |
2u Inc Online Education Svc | 6/29/22 | $78,214,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $443,460 |
| Related organizations | $0 |
| Government grants | $519,984,634 |
| All other contributions, gifts, grants, and similar amounts not included above | $491,153,467 |
| Noncash contributions included in lines 1a–1f | $28,206,427 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,011,581,561 |
| Total Program Service Revenue | $3,529,012,115 |
| Investment income | $28,934,813 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,123,971 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $994,891,404 |
| Net Income from Fundraising Events | -$617,252 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,566,926,612 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,240,720 |
| Grants and other assistance to domestic individuals. | $724,779,425 |
| Grants and other assistance to Foreign Orgs/Individuals | $11,088,791 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,914,225 |
| Compensation of current officers, directors, key employees. | $11,101,989 |
| Compensation to disqualified persons | $6,306,145 |
| Other salaries and wages | $1,940,761,957 |
| Pension plan accruals and contributions | $154,675,937 |
| Other employee benefits | $154,898,224 |
| Payroll taxes | $168,565,540 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,109,281 |
| Fees for services: Accounting | $3,087,392 |
| Fees for services: Lobbying | $608,063 |
| Fees for services: Fundraising | $495,000 |
| Fees for services: Investment Management | $18,322,486 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,025,840,816 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $166,289,567 |
| Travel | $60,495,168 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $85,610,529 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $217,031,289 |
| Insurance | $57,214,712 |
| All other expenses | $0 |
| Total functional expenses | $5,049,284,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $405,476,739 |
| Pledges and grants receivable | $392,118,639 |
| Accounts receivable, net | $436,274,124 |
| Loans from Officers, Directors, or Controlling Persons | $11,710,304 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,119,791 |
| Inventories for sale or use | $29,563,799 |
| Prepaid expenses and deferred charges | $248,928,574 |
| Net Land, buildings, and equipment | $3,576,748,542 |
| Investments—publicly traded securities | $3,286,216,082 |
| Investments—other securities | $4,571,789,717 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $807,355,474 |
| Total assets | $13,791,301,785 |
| Accounts payable and accrued expenses | $1,211,871,657 |
| Grants payable | $0 |
| Deferred revenue | $380,237,454 |
| 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 | $2,441,615,568 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $581,366,760 |
| Total liabilities | $4,615,091,439 |
| Net assets without donor restrictions | $3,343,843,852 |
| Net assets with donor restrictions | $5,832,366,494 |
| 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 | $13,791,301,785 |
Grants Awarded
Over the last fiscal year, University Of Southern California has awarded $2,473,840 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
AL OTRO LADO PURPOSE: GENERAL SUPPORT | $35,780 |
REDEEMER COMMUNITY PARTNERSHIP PURPOSE: GENERAL SUPPORT | $24,030 |
SOCIAL AND ENVIRONMENTAL ENTREPRENEURS PURPOSE: GENERAL SUPPORT | $23,750 |
CLIFFORD BEERS HOUSING INC PURPOSE: GENERAL SUPPORT | $25,000 |
WELLNEST PURPOSE: GENERAL SUPPORT | $28,000 |
PUENTE LEARNING CENTER PURPOSE: GENERAL SUPPORT | $22,000 |