Vanguard University Of So Ca
- Assets
- $81.8m
- Revenue
- $83.4m
- Investments
- $5.2m
- Employees
- 1,124
- 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 06/2022, Vanguard University Of So CA employed 1,124 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 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $81.4m during the year ending 06/2021. While expenses have increased by 4.3% 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
990
Mission & Program ActivityExcerpts From the 990 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:
Part 3 - Line 4a
TRADITIONAL UNDERGRADUATE: BACHELORS DEGREES IN 37 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.
OTHER MISCELLANEOUS UNDERGRADUATE AND GRADUATE PROGRAMS.
THE PROFESSIONAL STUDIES PROGRAM IS A NON-TRADITIONAL PROGRAM BY WHICH STUDENTS CAN EARN AN ACCELERATED BACHELOR'S DEGREE IN BUSINESS, PSYCHOLOGY, THEOLOGY, NURSING (REGISTERED NURSE TO BACHELOR OF SCIENCE IN NURSING), AND EARLY CHILDHOOD. THERE ARE ALSO THREE CERTIFICATE PROGRAMS AVAILABLE: EARLY CHILDHOOD, ANTI-HUMAN TRAFFICKING, AND MINISTRY LEADERSHIP 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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beals Michael Board Member; Ceo/president | OfficerTrustee | 40 | $259,542 |
Allbaugh Larry Board Member | Trustee | 1 | $0 |
DE Leon Daniel Board Member | Trustee | 1 | $0 |
Donovan Erin Board Member | Trustee | 1 | $0 |
Garcia-Yriate Geanene Board Member (thru 10/31/21) | Trustee | 1 | $0 |
Gonzales Nathan Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bon Appetit Management Company Food Services | 6/29/22 | $3,482,740 |
Aramark Services Inc Maintenance And Custodial Services | 6/29/22 | $1,888,258 |
Consolidated Contracting Services Inc Construction Contractor | 6/29/22 | $1,116,009 |
Gensler Architectural Services | 6/29/22 | $936,673 |
Snyder & Snyder Construction Inc Construction Contractor | 6/29/22 | $639,505 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,627,384 |
| 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 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 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 | $0 |
| 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 |
| 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 | $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 | $35,577,806 |