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.
Form
990
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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ben Yaspelkis First Vice President | OfficerTrustee | 0.2 | $0 |
Carlos Fuentes Director | Trustee | 0.2 | $0 |
Colin Donahue Recording Secretary | OfficerTrustee | 0.2 | $0 |
Dave Moon Director | Trustee | 0.2 | $0 |
Erika Beck Chair | OfficerTrustee | 0.2 | $0 |
Hamid Johari Director | Trustee | 0.2 | $0 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $3,320,509 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $427,644 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $16,239,949 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $2,589,902 |
Payroll taxes | $0 |
Fees for services: Management | $202,343 |
Fees for services: Legal | $3,845 |
Fees for services: Accounting | $86,611 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,072,561 |
Advertising and promotion | $16,713 |
Office expenses | $566,436 |
Information technology | $556,547 |
Royalties | $0 |
Occupancy | $272,026 |
Travel | $131,240 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $8,698 |
Interest | $376,600 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,812,400 |
Insurance | $345,716 |
All other expenses | $0 |
Total functional expenses | $33,961,329 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,104,363 |
Savings and temporary cash investments | $3,223,756 |
Pledges and grants receivable | $6,166,905 |
Accounts receivable, net | $578,208 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $75,993 |
Inventories for sale or use | $4 |
Prepaid expenses and deferred charges | $41 |
Investments—publicly traded securities | $22,231,231 |
Investments—other securities | $13,450,774 |
Investments—program-related | $2,234,511 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $74,869,127 |
Accounts payable and accrued expenses | $6,651,248 |
Grants payable | $0 |
Deferred revenue | $3,925,485 |
Tax-exempt bond liabilities | $1,189,953 |
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 | $12,755,014 |
Total liabilities | $24,521,700 |
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 | $50,347,427 |
Over the last fiscal year, The University Corporation has awarded $1,072,928 in support to 30 organizations.
Grant Recipient | Amount |
---|---|
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 |