The University Corporation

Organization Overview

The University Corporation is located in Northridge, CA. The organization was established in 1960. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, University Corporation employed 1,053 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Corporation 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 Corporation generated $40.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $34.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, University Corporation has awarded 233 individual grants totaling $24,976,238. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE UNIVERSITY CORPORATION IS A SECTION 509(A)(3) SUPPORTING ORGANIZATION OF THE CALIFORNIA STATE UNIVERSITY, NORTHRIDGE. THE MISSION OF THE UNIVERSITY CORPORATION IS TO PROVIDE SERVICES AND SOLUTIONS THAT ADDRESS THE NEEDS OF CALIFORNIA STATE UNIVERSITY, NORTHRIDGE; TO SUPPORT ACADEMIC RESEARCH AND CREATIVE ENDEAVORS OF ITS STUDENTS, FACULTY AND STAFF; AND TO ENHANCE THE QUALITY OF CAMPUS LIFE. BY FOSTERING LEARNING AND PROFESSIONAL DEVELOPMENT, THE UNIVERSITY CORPORATION EMPOWERS ITS STAFF TO BE PROACTIVE AND RESOURCEFUL IN ORDER TO ACHIEVE THE HIGHEST STANDARD OF CUSTOMER SERVICE TO THE UNIVERSITY COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS AND CONTRACTS ADMINISTRATION - THE UNIVERSITY CORPORATION PROVIDES POST-AWARD ADMINISTRATION OF SPONSORED PROGRAMS. WORKING WITH THE UNIVERSITY'S OFFICE OF RESEARCH AND SPONSORED PROJECTS, THE CORPORATION SPONSORED PROGRAMS DIVISION PROVIDES SUPPORT TO PRINCIPAL INVESTIGATORS AND PROJECT STAFF WITH INTERPRETATION OF REGULATIONS, PROCESSING OF EXPENSES, PAYROLL, HUMAN RESOURCES, RISK MANAGEMENT, FINANCIAL REPORTING, MANAGEMENT OF AUDITS AND OTHER SERVICES IN SUPPORT OF EXTERNALLY FUNDED PROGRAMS. AFTER DEDUCTING ALL DIRECT COSTS OF THE SPONSORED PROGRAMS DEPARTMENT, A RESERVE ALLOCATION AND ADMINISTRATION COSTS, THE UNIVERSITY CORPORATION SETS ASIDE THE REMAINING INDIRECT COST RECOVERY FUNDS INTO A RESERVE ACCOUNT.


AUXILIARY SERVICES, FOOD SERVICES, BOOKSTORE COMMISSIONS, REAL ESTATE RENTALS - SEE SCHEDULE O


UNIVERSITY PROJECTS - SEE SCHEDULE O


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Board, Officers & Key Employees

Name (title)Compensation
Ben Yaspelkis
First Vice President
$0
Carlos Fuentes
Director
$0
Colin Donahue
Recording Secretary
$0
Dave Moon
Director
$0
Erika Beck
Chair
$0
Hamid Johari
Director
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$2,358,669
Investment income $3,934,072
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,009,908
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $40,506,670

Grants Awarded

Over the last fiscal year, The University Corporation has awarded $1,072,928 in support to 30 organizations.

Grant RecipientAmount

THE TRUSTEES OF PRINCETON UNIVERSITY

PURPOSE: RESEARCH

$29,451

CSULB RESEARCH FOUNDATION

PURPOSE: RESEARCH

$34,257

UNIVERSITY OF CALIFORNIA SANTA BARBARA

PURPOSE: RESEARCH

$231,522

PACIFIC UNIVERSITY

PURPOSE: RESEARCH

$15,522

TARZANA TREATMENT CENTERS INC

PURPOSE: RESEARCH

$12,000

FLORIDA STATE UNIVERSITY

PURPOSE: RESEARCH

$18,231
View Grant Profile

Peer Organizations

Organization NameAssets
University Enterprises Inc
Sacramento, CA
$115,167,090
The U C Davis Foundation
Davis, CA
$90,089,302
University Corporation At Monterey Bay
Seaside, CA
$72,925,924
California State University Fresno Foundation
Fresno, CA
$96,362,649
Southwestern Law School
Los Angeles, CA
$60,220,339
California Polytechnic State University Foundation
San Luis Obispo, CA
$59,131,933
University Of Hawaii Foundation
Honolulu, HI
$108,431,875
Associated Students Ucla
Los Angeles, CA
$55,964,890
New Schools Fund
Oakland, CA
$49,069,499
San Jose State University Research Foundation
San Jose, CA
$56,020,839
Chico State Enterprises
Chico, CA
$54,299,081
Csu Fullerton Auxiliary Services Corporation
Fullerton, CA
$64,853,282
University Of Nevada Las Vegas Foundation
Las Vegas, NV
$55,938,579
University Of Nevada-Reno Foundation
Reno, NV
$75,417,078
California State University Long Beach Research Foundation
Long Beach, CA
$56,437,353
Ilead California Charters 1
Acton, CA
$49,636,662
Cal Poly Pomona Foundation Inc
Pomona, CA
$36,825,650
The Claremont Colleges Inc
Claremont, CA
$52,502,841
Aztec Shops Ltd
San Diego, CA
$47,783,129
University Enterprises Corporation At Csusb
San Bernardino, CA
$41,260,620
Campanile Foundation
San Diego, CA
$63,277,722
Ronald Reagan Presidential Foundation And Institute
Simi Valley, CA
$37,037,340
Asu Enterprise Partners
Tempe, AZ
$17,546,517
Lincoln Institute Of Land Policy
Phoenix, AZ
$64,138,879
The University Corporation
Northridge, CA
$40,506,670

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