South Baylo University
- Assets
- $11.1m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 142
- Location
- Anaheim, CA
- Founding
- 02/1981
- Data as of
- 06/2020
- EIN
- 95-3538772
Organization Overview
South Baylo University is located in Anaheim, CA. The organization was established in 1981. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2020, South Baylo University employed 142 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Baylo 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 06/2020, South Baylo University generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $5.3m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 6 years. 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
THE MISSION OF SBU IS TO EXPAND PROFESSIONAL, CLINICAL AND SCIENTIFIC KNOWLEDGE OF ACUPUNCTURE AND ORIENTAL MEDICINE AMONG STUDENTS, FACULTY, STAFF, AND THE GENERAL PUBLIC THROUGH EFFECTIVE TEACHING, SCHOLARLY ACTIVITY AND QUALITY PATIENT CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACHING AND CLINIC ACTIVITIES AS A COLLEGE INSTITUTE
IN RESPONSE TO IRS AUDIT DETERMINATION OF THE AUDITED TAX YEAR ENDING JUNE 30, 2015 AND JUNE 30, 2016, THE ORGANIZATION HAS RECLASSIFIED THE RENTAL ACTIVITY ORIGINALLY REPORTED ON FORM 990-T AS UNRELATED BUSINESS INCOME. ALL ASSOCIATED NOL CARRYOVERS HAVE BEEN ADJUSTED TO ZERO. THIS ACTIVITY IS PRECLUDED FROM UBTI DUE TO THE FACT THAT RENTAL INCOME IS SOURCED FROM OTHER ORGANIZATIONS EXEMPT FROM TAXATION UNDER IRC 501(C)3. SHOULD THERE BE ANY RENTAL INCOME FROM SOURCES THAT ARE NOT EXEMPT, THOSE WILL BE REPORTABLE AND TAXABLE ON FORM 990-T AS UNRELATED BUSINESS INCOME. THE ORGANIZATION HAS REPORTED THESE ON ITS AUDITED FINANCIAL STATEMENTS AS AUXILIARY ENTERPRISES.
TEACHING AND CLINIC ACTIVITIES AS A COLLEGE INSTITUTE
IN RESPONSE TO IRS AUDIT DETERMINATION OF THE AUDITED TAX YEAR ENDING JUNE 30, 2015 AND JUNE 30, 2016, THE ORGANIZATION HAS RECLASSIFIED THE RENTAL ACTIVITY ORIGINALLY REPORTED ON FORM 990-T AS UNRELATED BUSINESS INCOME. ALL ASSOCIATED NOL CARRYOVERS HAVE BEEN ADJUSTED TO ZERO. THIS ACTIVITY IS PRECLUDED FROM UBTI DUE TO THE FACT THAT RENTAL INCOME IS SOURCED FROM OTHER ORGANIZATIONS EXEMPT FROM TAXATION UNDER IRC 501(C)3. SHOULD THERE BE ANY RENTAL INCOME FROM SOURCES THAT ARE NOT EXEMPT, THOSE WILL BE REPORTABLE AND TAXABLE ON FORM 990-T AS UNRELATED BUSINESS INCOME. THE ORGANIZATION HAS REPORTED THESE ON ITS AUDITED FINANCIAL STATEMENTS AS AUXILIARY ENTERPRISES.
TEACHING AND CLINIC ACTIVITIES AS A COLLEGE INSTITUTE
IN RESPONSE TO IRS AUDIT DETERMINATION OF THE AUDITED TAX YEAR ENDING JUNE 30, 2015 AND JUNE 30, 2016, THE ORGANIZATION HAS RECLASSIFIED THE RENTAL ACTIVITY ORIGINALLY REPORTED ON FORM 990-T AS UNRELATED BUSINESS INCOME. ALL ASSOCIATED NOL CARRYOVERS HAVE BEEN ADJUSTED TO ZERO. THIS ACTIVITY IS PRECLUDED FROM UBTI DUE TO THE FACT THAT RENTAL INCOME IS SOURCED FROM OTHER ORGANIZATIONS EXEMPT FROM TAXATION UNDER IRC 501(C)3. SHOULD THERE BE ANY RENTAL INCOME FROM SOURCES THAT ARE NOT EXEMPT, THOSE WILL BE REPORTABLE AND TAXABLE ON FORM 990-T AS UNRELATED BUSINESS INCOME. THE ORGANIZATION HAS REPORTED THESE ON ITS AUDITED FINANCIAL STATEMENTS AS AUXILIARY ENTERPRISES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Park Vice Preside | Officer | $0 | |
Edwin Follick President | Officer | $0 | |
David J Park Chairman | Trustee | $0 | |
William Han Treasurer | Trustee | $0 | |
Rose Larson Secretary | Trustee | $0 | |
Jong S Yoon Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,033 |
| Investment income | $52,855 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,345,995 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,343,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,676,027 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,297 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $24,000 |
| Inventories for sale or use | $60,047 |
| Prepaid expenses and deferred charges | $37,752 |
| Investments—publicly traded securities | $163,757 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150,000 |
| Total assets | $11,124,164 |
| Accounts payable and accrued expenses | $13,155 |
| Grants payable | $0 |
| Deferred revenue | $270,103 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,423,239 |
| Total liabilities | $3,706,497 |
| 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 | $7,417,667 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that South Baylo University has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
California University Of Management & Sciences Anaheim, CA PURPOSE: 0 | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Oregon Bookstore Inc Eugene, OR | $12,427,548 | $16,725,239 |
Warner Pacific University Portland, OR | $31,322,080 | $17,832,195 |
National University Of Natural Medicine Portland, OR | $24,174,669 | $16,800,960 |
California State University East Bay Foundation Inc Hayward, CA | $25,796,155 | $16,250,485 |
Campus Research Corporation Tucson, AZ | $42,821,356 | $14,706,755 |
Frank Lloyd Wright Foundation Scottsdale, AZ | $22,427,881 | $12,357,928 |
University Union Operation Of Ca State Univ Sacramento Sacramento, CA | $25,245,130 | $13,834,103 |
John Paul The Great Catholic University Escondido, CA | $9,814,132 | $8,425,507 |
San Francisco Bay University Fremont, CA | $295,269,122 | $7,298,553 |
Arizona State University Research Park Inc Scottsdale, AZ | $67,696,624 | $12,610,493 |
University Of The West Rosemead, CA | $35,930,246 | $8,666,423 |
Wave Enterprises Inc Malibu, CA | $44,595,796 | $15,038,830 |