Pepperdine University
- Assets
- $2.0b
- Revenue
- $580.2m
- Investments
- $566.8m
- Employees
- 4,518
- Location
- Malibu, CA
- Founding
- 12/1940
- Data as of
- 07/2020
- EIN
- 95-1644037
Organization Overview
Pepperdine University is located in Malibu, CA. The organization was established in 1940. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 07/2021, Pepperdine University employed 4,518 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pepperdine 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 07/2020, Pepperdine University generated $580.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $555.4m during the year ending 07/2020. While expenses have increased by 4.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PEPPERDINE UNIVERSITY IS A CHRISTIAN UNIVERSITY (CONTINUED ON SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT SERVICES, INCLUDING SCHOLARSHIPS TO ENROLLED STUDENTS - THERE ARE MANY AUXILIARY SERVICES OFFERED TO THE STUDENTS TO PROMOTE THEIR INTELLECTUAL, EMOTIONAL, AND SPIRITUAL DEVELOPMENT. PEPPERDINE UNIVERSITY MAINTAINS MULTIPLE DINING AND HOUSING FACILITIES, A BOOKSTORE, BANKING SERVICES, PARKING FACILITIES LOCATED ALL OVER CAMPUS, TRANSPORTATION SERVICES, RECREATIONAL FIELDS, AND MAIL SERVICES. IN ADDITION TO THESE FACILITIES AND SERVICES, PEPPERDINE UNIVERSITY OFFERS APPROXIMATELY 88% OF ITS TOTAL STUDENT BODY FINANCIAL AID IN THE FORM OF VARIOUS SCHOLARSHIPS, GRANTS, AND LOANS.
ACADEMIC SUPPORT - PEPPERDINE UNIVERSITY EQUIPS STUDENTS WITH ACADEMIC SUPPORT TO ENSURE STUDENTS REACH THEIR EDUCATIONAL GOALS. UNIVERSITY SERVICES SUCH AS THE LIBRARY, TECH CENTRAL, PEPPERDINE COUNSELING CENTER, THE HEALTH CENTER, AND ONE STOP, THE PRIMARY ACADEMIC ADVISING CENTER, ASSIST IN THE WELL-BEING AND ACADEMIC PROGRESS OF THE UNIVERSITY'S STUDENTS.
INSTRUCTION & RESEARCH - PEPPERDINE UNIVERSITY IS A TOP CHRISTIAN INSTITUTION FOR HIGHER EDUCATION, AND SERVES APPROXIMATELY 3,500 UNDERGRADUATE STUDENTS AND 6,100 GRADUATE STUDENTS. IN ADDITION TO THE UNIVERSITY'S CAMPUSES IN CALIFORNIA, PEPPERDINE UNIVERSITY MAINTAINS SEVERAL STUDENT LEARNING PROGRAMS IN LOCATIONS SUCH AS EUROPE, ASIA (PROGRAM ENDED IN FY21), SOUTH AMERICA, AND WASHINGTON D.C. NOTABLY, PEPPERDINE UNIVERSITY PURCHASED CHATEAU D'HAUTEVILLE IN FY20. THE UNIVERSITY PLANS TO TRANSITION ITS LAUSANNE, SWITZERLAND INTERNATIONAL PROGRAM TO THE CHATEAU IN FY23. SEE SCH. O.
PUBLIC SERVICE - THE UNIVERSITY OFFERS NUMEROUS SERVICES TO THE GENERAL PUBLIC, INCLUDING ART EXHIBITS, CONCERTS, PRODUCTIONS, AND OTHER PUBLIC BENEFIT ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorenzo Romar Head Coach, Basketball | 40 | $769,468 | |
Andrew Benton President Emeritus | 5 | $632,050 | |
Charles Pippin SVP For Investments & Cio | Officer | 40 | $533,390 |
Gary Hanson Executive VP | Officer | 40 | $489,137 |
Deryck Janse Van Rensburg Dean, Graziadio Business School | Officer | 40 | $471,077 |
James Gash President & CEO | OfficerTrustee | 40 | $440,146 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
2u Inc E-learning | 7/30/21 | $42,396,504 |
Environmental Contracting Corporation Construction | 7/30/21 | $7,002,303 |
The Penta Building Group Llc Construction | 7/30/21 | $13,973,852 |
Clune Construction Company Lp Construction | 7/30/21 | $7,417,456 |
Sodexo Inc & Affiliates Catering | 7/30/21 | $3,183,791 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,834,209 |
| Investment income | $31,434,357 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $850,071 |
| Net Gain/Loss on Asset Sales | $17,787,726 |
| Net Income from Fundraising Events | -$807,393 |
| Net Income from Gaming Activities | $1,870 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $580,174,202 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $122,497,422 |
| Grants and other assistance to Foreign Orgs/Individuals | $8,335,131 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,198,728 |
| Compensation to disqualified persons | $2,747,093 |
| Other salaries and wages | $154,166,653 |
| Pension plan accruals and contributions | $10,939,991 |
| Other employee benefits | $31,057,589 |
| Payroll taxes | $11,062,371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,077,264 |
| Fees for services: Accounting | $947,614 |
| Fees for services: Lobbying | $102,516 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,520,198 |
| Fees for services: Other | $42,346,525 |
| Advertising and promotion | $6,111,871 |
| Office expenses | $8,820,967 |
| Information technology | $9,678,079 |
| Royalties | $0 |
| Occupancy | $12,065,001 |
| Travel | $6,575,087 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,548,236 |
| Interest | $18,114,925 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,880,040 |
| Insurance | $3,556,639 |
| All other expenses | $0 |
| Total functional expenses | $555,422,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,007,646 |
| Savings and temporary cash investments | $125,999,205 |
| Pledges and grants receivable | $57,697,009 |
| Accounts receivable, net | $7,700,482 |
| Loans from Officers, Directors, or Controlling Persons | $1,005,550 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,562,335 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,810,727 |
| Investments—publicly traded securities | $556,027,466 |
| Investments—other securities | $566,808,653 |
| Investments—program-related | $16,014,162 |
| Intangible assets | $0 |
| Other assets | $181,944,640 |
| Total assets | $2,047,744,709 |
| Accounts payable and accrued expenses | $62,001,347 |
| Grants payable | $0 |
| Deferred revenue | $19,045,050 |
| Tax-exempt bond liabilities | $217,696,552 |
| Escrow or custodial account liability | $32,384,949 |
| 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 | $356,096,954 |
| Total liabilities | $687,224,852 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,360,519,857 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Pepperdine University has recieved totaling $92,609.
| Awarding Organization | Amount |
|---|---|
Brentwood Foundation Frisco, TX PURPOSE: SUPPORT CHARITABLE ACTIVITIES | $25,000 |
Radke Family Foundation Mckinney, TX PURPOSE: PROMOTE HIGHER EDUCATION | $20,000 |
Los Angeles Philanthropic Foundation Los Angeles, CA PURPOSE: GRANTS FOR SCHOLARSHIPS | $17,000 |
Bredefeld Family Foundation Inc Chester, NJ PURPOSE: GENERAL OPERATIONS | $10,000 |
Hobart W And C Faulkner Foundation Phoenix, AZ PURPOSE: EDUCATION | $8,348 |
San Diego Christian Foundation Inc San Diego, CA PURPOSE: GRANT IS USED TO SUPPORT THE PATHWAYS PROGRAM AT PEPPERDINE UNIVIESTY | $7,261 |
Endowment Analysis
| Beg. Balance | $908,307,875 |
| Earnings | $273,594,646 |
| Net Contributions | $23,371,272 |
| Other Expense | $44,508,896 |
| Grants | $15,474,077 |
| Ending Balance | $1,145,290,820 |
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 |