Soka University Of America
- Assets
- $1.8b
- Revenue
- $104.8m
- Investments
- $1.2b
- Employees
- 518
- Location
- Aliso Viejo, CA
- Founding
- 10/1985
- Data as of
- 06/2022
- EIN
- 95-3909672
Organization Overview
Soka University Of America is located in Aliso Viejo, CA. The organization was established in 1985. 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, Soka University Of America employed 518 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Soka University Of America 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, Soka University Of America generated $104.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $93.2m during the year ending 06/2022. While expenses have increased by 3.5% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER A STEADY STREAM OF GLOBAL CITIZENS COMMITTED TO LIVING A CONTRIBUTIVE LIFE. SEE SCH O.
Describe the Organization's Program Activity:
BACHELOR OF ARTS DEGREE IN LIBERAL ARTS WITH CONCENTRATIONS IN ENVIRONMENTAL STUDIES, HUMANITIES, INTERNATIONAL STUDIES, AND SOCIAL AND BEHAVIORAL SCIENCES (445 STUDENTS). SEE ADDITIONAL INFORMATION IN SCHEDULE O.
THIS ACADEMIC YEAR BROUGHT THE RETURN OF ALL STUDENTS AND EMPLOYEES BACK TO THE CAMPUS AFTER COVID-19 REMOTE EDUCATION AND WORK MANDATE. IN CONSIDERATION OF THE HEALTH AND SAFETLY OF THE ENTIRE CAMPUS COMMUNITY, TESTING PROCEDURES AND SAFETY PROTOCOLS WERE PUT IN PLACE BY THE ADMINISTRATION.
EXTENDED BRIDGE PROGRAM AND ENGLISH AS A SECOND LANGUAGE (ESL) PROGRAM SERVICES (17 STUDENTS). SEE ADDITIONAL INFORMATION IN SCHEDULE O.
MASTERS OF ARTS: GRADUATE PROGRAM IN EDUCATIONAL LEADERSHIP AND SOCIETAL CHANGE (10 STUDENTS). SEE ADDITIONAL INFORMATION IN SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen S Dunham JD Trustee-Chair | OfficerTrustee | 1 | $0 |
Tariq Hasan PHD Trustee-Vice Chair | OfficerTrustee | 1 | $0 |
Matilda Buck Trustee | Trustee | 1 | $0 |
Lawrence E Carter Sr PHD Trustee | Trustee | 1 | $0 |
Clothilde V Hewlett JD Trustee | Trustee | 1 | $0 |
Larry A Hickman PHD Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Facility Service Partners Llc Campus Maintenance | 6/29/22 | $5,051,759 |
Clune Construction Company Lp Construction | 6/29/22 | $1,103,186 |
Pro-tech Venture Llc Consulting Services | 6/29/22 | $200,000 |
Cambridge Associates Llc Investment Management | 6/29/22 | $1,624,854 |
South Coast Medical Group Family & Sport Student Medical Services | 6/29/22 | $207,215 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $825,297 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,579,018 |
| Noncash contributions included in lines 1a–1f | $49,134 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,404,315 |
| Total Program Service Revenue | $21,882,992 |
| Investment income | $13,442,601 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $386,126 |
| Net Gain/Loss on Asset Sales | $60,316,580 |
| Net Income from Fundraising Events | -$79,089 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $104,842,557 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,667,146 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,678,075 |
| Compensation of current officers, directors, key employees. | $1,984,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,007,911 |
| Pension plan accruals and contributions | $1,638,418 |
| Other employee benefits | $3,166,903 |
| Payroll taxes | $1,517,923 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $227,511 |
| Fees for services: Accounting | $205,057 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,103,637 |
| Fees for services: Other | $3,078,806 |
| Advertising and promotion | $1,017,600 |
| Office expenses | $2,411,739 |
| Information technology | $2,353,594 |
| Royalties | $0 |
| Occupancy | $9,239,123 |
| Travel | $332,136 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $98,890 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,117,514 |
| Insurance | $1,678,157 |
| All other expenses | $187,382 |
| Total functional expenses | $93,230,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,011,701 |
| Savings and temporary cash investments | $10,888,647 |
| Pledges and grants receivable | $317,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $300,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,342,980 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $469,444 |
| Net Land, buildings, and equipment | $343,808,894 |
| Investments—publicly traded securities | $209,715,765 |
| Investments—other securities | $1,177,339,839 |
| Investments—program-related | $5,087,076 |
| Intangible assets | $0 |
| Other assets | $4,704,317 |
| Total assets | $1,757,985,663 |
| Accounts payable and accrued expenses | $4,786,520 |
| Grants payable | $0 |
| Deferred revenue | $938,286 |
| 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 | $2,225 |
| Total liabilities | $5,727,031 |
| Net assets without donor restrictions | $517,232,267 |
| Net assets with donor restrictions | $1,235,026,365 |
| 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 | $1,757,985,663 |