Soka University Of America
- Assets
- $1.9b
- Revenue
- $62.1m
- Investments
- $1.4b
- Employees
- 546
- Location
- Aliso Viejo, CA
- Founding
- 10/1985
- Data as of
- 06/2021
- 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 06/2021, Soka University Of America employed 546 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 06/2021, Soka University Of America generated $62.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $76.6m during the year ending 06/2021. While expenses have increased by 0.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
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 (396 STUDENTS). SEE ADDITIONAL INFORMATION IN SCHEDULE O.
PACIFIC BASIN RESEARCH CENTER AND ENGLISH AS A SECOND LANGUAGE (ESL) PROGRAM SERVICES (18 STUDENTS). SEE ADDITIONAL INFORMATION IN SCHEDULE O.
MASTERS OF ARTS: GRADUATE PROGRAM IN EDUCATIONAL LEADERSHIP AND SOCIETAL CHANGE (11 STUDENTS). SEE ADDITIONAL INFORMATION IN SCHEDULE O.
DUE TO THE COVID-19 PANDEMIC, THE UNIVERSITY DECIDED THE ACADEMIC YEAR WOULD BE REMOTE ONLINE INSTRUCTION. ALL NON-ESSENTIAL CAMPUS EMPLOYEES WERE ON A WORK-FROM-HOME SCHEDULE. IN CONSIDERATION OF THE HEALTH AND SAFETY OF THE ENTIRE CAMPUS COMMUNITY, SAFETY PROTOCOLS AND TESTING PROCEDURES WERE PUT IN PLACE BY THE ADMINISTRATION WHICH CLOSELY MONITORS THE TIMING OF WHEN STUDENTS AND EMPLOYEES ARE ABLE TO RETURN TO THE CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Feasel President/prof Of Economics | Officer | 40 | $367,941 |
Archibald E Asawa VP Fin & Adm/cfo/chief Invest Offcr | Officer | 40 | $316,940 |
Tomoko Takahashi VP Inst'l Res & Assmt/dean Graduate School | Officer | 40 | $276,100 |
Yoshinobu Habuki President (through 7/16/20) | Officer | 40 | $264,582 |
Bryan Penprase VP Of Sponsored Res/external Academic Relatio | Officer | 40 | $256,849 |
Rosemary Papa Prof. Of Comparative & Intl Ed | 40 | $207,880 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Facility Service Partners Llc Campus Maintenance | 6/29/21 | $4,255,954 |
Cambridge Associates Llc Investment Management | 6/29/21 | $2,983,098 |
Silchester International Value Equity Tr Investment Management | 6/29/21 | $520,316 |
Adage Capital Investment Management | 6/29/21 | $620,958 |
Wgi Emerging Markets Fund Investment Management | 6/29/21 | $374,442 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $624,840 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,898,066 |
| Noncash contributions included in lines 1a–1f | $709,341 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,522,906 |
| Total Program Service Revenue | $14,076,958 |
| Investment income | $9,648,970 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $162,887 |
| Net Gain/Loss on Asset Sales | $26,491,592 |
| Net Income from Fundraising Events | -$10,283 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,118,050 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,032,670 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,513,020 |
| Compensation of current officers, directors, key employees. | $1,886,668 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,755,659 |
| Pension plan accruals and contributions | $1,561,395 |
| Other employee benefits | $4,270,441 |
| Payroll taxes | $1,484,971 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $181,786 |
| Fees for services: Accounting | $159,072 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,336,567 |
| Fees for services: Other | $1,261,670 |
| Advertising and promotion | $811,722 |
| Office expenses | $1,035,502 |
| Information technology | $872,764 |
| Royalties | $0 |
| Occupancy | $9,853,227 |
| Travel | $33,133 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $69,657 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,869,973 |
| Insurance | $876,857 |
| All other expenses | $36,092 |
| Total functional expenses | $76,584,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,042,919 |
| Savings and temporary cash investments | $39,310,593 |
| Pledges and grants receivable | $294,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,667,480 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $733,468 |
| Net Land, buildings, and equipment | $355,391,579 |
| Investments—publicly traded securities | $164,903,438 |
| Investments—other securities | $1,357,243,735 |
| Investments—program-related | $4,542,731 |
| Intangible assets | $0 |
| Other assets | $4,704,317 |
| Total assets | $1,933,834,260 |
| Accounts payable and accrued expenses | $5,745,052 |
| Grants payable | $0 |
| Deferred revenue | $950,199 |
| 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 | $9,504 |
| Total liabilities | $6,704,755 |
| Net assets without donor restrictions | $542,542,489 |
| Net assets with donor restrictions | $1,384,587,016 |
| 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 | $1,933,834,260 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Soka University Of America has recieved totaling $34,000.
| Awarding Organization | Amount |
|---|---|
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $15,000 |
American Educational Research Association Washington, DC PURPOSE: RESEARCH | $11,000 |
Ford Foundation New York, NY PURPOSE: MATCHING GIFT | $3,000 |
The@howard And Raina Ruskin Family Foundation Northbrook, IL PURPOSE: EDUCATION | $2,500 |
The@howard And Raina Ruskin Family Foundation Northbrook, IL PURPOSE: EDUCATION | $2,500 |
Endowment Analysis
| Beg. Balance | $1,231,957,607 |
| Earnings | $372,727,464 |
| Admin Expense | $7,336,567 |
| Net Contributions | $11,276,742 |
| Other Expense | $38,200,000 |
| Grants | $6,300,000 |
| Ending Balance | $1,564,125,245 |
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 |