Vanguard University Of So Ca
- Assets
- $81.8m
- Revenue
- $83.4m
- Investments
- $5.2m
- Employees
- 1,030
- Location
- Costa Mesa, CA
- Founding
- 10/1971
- Data as of
- 06/2021
- EIN
- 95-6002998
Organization Overview
Vanguard University Of So Ca is located in Costa Mesa, CA. The organization was established in 1971. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Vanguard University Of So CA employed 1,030 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vanguard University Of So CA 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, Vanguard University Of So CA generated $83.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $81.4m during the year ending 06/2021. While expenses have increased by 5.1% 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 EQUIP EACH STUDENT FOR A SPIRIT-EMPOWERED LIFE OF CHRIST-CENTERED LEADERSHIP AND SERVICE.
Describe the Organization's Program Activity:
TRADITIONAL UNDERGRADUATE: BACHELORS DEGREES IN 32 MAJORS AND ONE CERTIFICATE PROGRAM IN ANTI-HUMAN TRAFFICKING. VANGUARD STUDENTS ARE IMMERSED IN A LEARNING ENVIRONMENT THAT IS DESIGNED FOR STUDENT SUCCESS BOTH IN AND OUT OF THE CLASSROOM. VANGUARD'S COMMITMENT TO STUDENT LEARNING AND DEVELOPMENT PROMOTES ACADEMIC TRANSFORMATION BY CULTIVATING STUDENTS TO THINK CRITICALLY, COMMUNICATE CLEARLY, INTERACT INTELLIGENTLY AND ENGAGE IN CIVIC RESPONSIBILITIES. VANGUARD'S RELATIONAL CULTURE REFLECTS THE UNIVERSITY'S CORE VALUES TO ENCOURAGE SPEAKING TO ONE ANOTHER WITH UNCOMPROMISED TRUTH IN LOVE; LIVE IN COMMUNITY WITH INTEGRITY AND UNYIELDING MORAL CHARACTER; AND TO CARE FOR THE WELL-BEING OF ONE ANOTHER. THESE CORE VALUES ARE EVIDENCED IN LOCAL AND GLOBAL PROJECTS.
THE PROFESSIONAL STUDIES PROGRAM IS A NON-TRADITIONAL PROGRAM BY WHICH STUDENTS CAN EARN AN ACCELERATED BACHELOR'S DEGREE IN BUSINESS, PSYCHOLOGY, RELIGION, NURSING (REGISTERED NURSE TO BACHELOR OF SCIENCE IN NURSING), AND EARLY CHILDHOOD. THERE ARE ALSO TWO CERTIFICATE PROGRAMS AVAILABLE EARLY CHILDHOOD AND ANTI-HUMAN TRAFFICKING THAT ARE AVAILABLE TO NON-DEGREE SEEKING STUDENTS. THE VISION FOR OUR NON-TRADITIONAL STUDENT PROGRAM IS TO BE ORANGE COUNTY'S TOP CHOICE FOR AN ACCELERATED EDUCATION WITH A CHRISTIAN FOUNDATION, A PLACE WHERE STUDENTS ARE EMPOWERED TO DISCERN THEIR CALLING, DISCOVER THEIR GIFTEDNESS, AND DEVELOP THEIR COMPETENCIES. THIS PROGRAM HAS AN EXTENSION SITE IN BAKERSFIELD AND VICTORVILLE, CA.
THE GRADUATE PROGRAM IN EDUCATION OFFERS A PRELIMINARY CREDENTIAL PROGRAM AND A MASTER OF ARTS PROGRAM. ELIGIBLE STUDENTS MAY APPLY THEIR CREDENTIAL COURSEWORK TOWARD A SUBSEQUENT MASTER OF ARTS IN EDUCATION. THE PRELIMINARY TEACHING CREDENTIAL PROGRAM IS COMPOSED OF THE MULTIPLE SUBJECT CREDENTIAL AND THE SINGLE SUBJECT CREDENTIAL. BOTH CREDENTIAL OPTIONS ARE ACCREDITED BY THE CALIFORNIA COMMISSION ON TEACHER CREDENTIALING. THE MASTER OF ARTS IN EDUCATION IS OFFERED WITH FOUR CONCENTRATIONS: (1) CURRICULUM AND INSTRUCTION (WITH PRELIMINARY CREDENTIAL), (2) CHRISTIAN EDUCATION LEADERSHIP (WITH PRELIMINARY CREDENTIAL), (3) CHRISTIAN EDUCATION LEADERSHIP (WITHOUT PRELIMINARY CREDENTIAL), AND (4) TEACHER LEADERSHIP.
OTHER MISCELLANEOUS UNDERGRADUATE AND GRADUATE PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beals Michael Board Member; Ceo/president | OfficerTrustee | 40 | $244,300 |
Menjares Pete VP Corp/chief Academic Officer | Officer | 40 | $205,990 |
Johnson Kimberly VP Enrollment Management | 40 | $180,314 | |
Espinosa Reginald Dean Of Strategy And Innovatio | 40 | $146,599 | |
Wickman Mary Associate Dean Of Nursing | 40 | $146,170 | |
Wilson Michael Dean Of Universisty | 40 | $144,338 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bon Appetit Management Company Food Services | 6/29/21 | $2,351,954 |
Morris Inc Towers Dorm Improvements | 6/29/21 | $758,275 |
Eab Global Inc Enrollment Services | 6/29/21 | $484,016 |
Aramark Services Inc Maintenance And Custodial | 6/29/21 | $1,762,873 |
Gensler Architectural Services | 6/29/21 | $463,498 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $100,715 |
| Related organizations | $287,247 |
| Government grants | $9,478,332 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,761,090 |
| Noncash contributions included in lines 1a–1f | $181,376 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,627,384 |
| Total Program Service Revenue | $71,583,661 |
| Investment income | $140,081 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $28,699 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,185 |
| Net Income from Fundraising Events | -$36,292 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,351,301 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $31,205,141 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $758,494 |
| Compensation of current officers, directors, key employees. | $758,494 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,165,224 |
| Pension plan accruals and contributions | $513,406 |
| Other employee benefits | $2,474,122 |
| Payroll taxes | $1,806,842 |
| Fees for services: Management | $3,964,873 |
| Fees for services: Legal | $149,351 |
| Fees for services: Accounting | $121,324 |
| Fees for services: Lobbying | $15,000 |
| Fees for services: Fundraising | $93,380 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $158,179 |
| Advertising and promotion | $0 |
| Office expenses | $1,377,500 |
| Information technology | $1,520,662 |
| Royalties | $0 |
| Occupancy | $5,009,799 |
| Travel | $519,162 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $318,429 |
| Interest | $1,069,381 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,243,084 |
| Insurance | $0 |
| All other expenses | $802,618 |
| Total functional expenses | $81,423,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,453,443 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $942,896 |
| Accounts receivable, net | $1,485,729 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,148,625 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $805,634 |
| Net Land, buildings, and equipment | $70,297,551 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,155,789 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $463,652 |
| Total assets | $81,753,319 |
| Accounts payable and accrued expenses | $3,945,745 |
| Grants payable | $0 |
| Deferred revenue | $3,699,355 |
| Tax-exempt bond liabilities | $36,892,302 |
| 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 | $1,638,111 |
| Total liabilities | $46,175,513 |
| Net assets without donor restrictions | $31,877,580 |
| Net assets with donor restrictions | $3,700,226 |
| 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 | $81,753,319 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Vanguard University Of So Ca has recieved totaling $343,235.
| Awarding Organization | Amount |
|---|---|
Hugh & Hazel Darling Foundation Los Angeles, CA PURPOSE: EQUIPMENT | $100,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $71,300 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $58,300 |
O L Halsell Foundation Costa Mesa, CA PURPOSE: BASEBALL FIELD | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $21,735 |
Organization Name not Listed PURPOSE: EDUCATION | | $17,500 |
Endowment Analysis
| Beg. Balance | $5,550,470 |
| Earnings | $649,109 |
| Admin Expense | $37,544 |
| Net Contributions | $1,066,034 |
| Grants | $207,105 |
| Ending Balance | $7,020,964 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Baptist University Riverside, CA | $602,706,322 | $400,113,733 |
Pomona College Claremont, CA | $3,932,260,494 | $235,119,844 |
Lewis And Clark College Portland, OR | $616,912,897 | $240,136,903 |
Claremont Mckenna College Claremont, CA | $1,751,055,641 | $321,560,955 |
Occidental College Los Angeles, CA | $902,945,083 | $157,427,095 |
Art Center College Of Design Pasadena, CA | $332,038,708 | $136,246,273 |
Reed Institute Portland, OR | $1,033,562,980 | $135,489,826 |
Linfield University Mcminnville, OR | $308,659,467 | $110,269,366 |
Westmont College Santa Barbara, CA | $328,569,320 | $121,110,665 |
Scripps College Claremont, CA | $617,457,507 | $98,616,217 |
California College Of The Arts San Francisco, CA | $203,468,162 | $107,701,190 |
Vanguard University Of So Ca Costa Mesa, CA | $81,753,319 | $83,351,301 |