David X Marks Foundation University Affairs
- Assets
- $27.6m
- Revenue
- $1.9m
- Investments
- $27.2m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/1966
- Data as of
- 10/2020
- EIN
- 95-6034304
Organization Overview
David X Marks Foundation University Affairs is located in Los Angeles, CA. The organization was established in 1966. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. David X Marks Foundation University Affairs 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 10/2020, David X Marks Foundation University Affairs generated $1.9m 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 (9.3%) each year. All expenses for the organization totaled $1.6m during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (1.6%) 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
TO PROVIDE SUPPORT TO THE UNIVERSITY OF SOUTHERN CALIFORNIA FOR ATHLETIC AND BAND SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT ORGANIZATION OF THE UNIVERSITY OF SOUTHERN CALIFORNIA, CONTRIBUTIONS FOR THE YEAR ENDED 10/31/2020.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Furniss Vice Pres / Director | OfficerTrustee | 0.25 | $0 |
James Eddy President / Director | OfficerTrustee | 0.25 | $0 |
Stephen Del Guercio Sec/treas / Director | OfficerTrustee | 0.25 | $0 |
Carol Folt Director | Trustee | 0.25 | $0 |
James Staten Director | Trustee | 0.25 | $0 |
Dave Roberts Thru 111119 Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $823,814 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,038,942 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,862,756 |
| 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 | $10,000 |
| 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 | $1,619,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $358,279 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,596 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $27,197,114 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,576,989 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $220,070 |
| Total liabilities | $220,070 |
| 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 | $27,356,919 |
Endowment Analysis
| Beg. Balance | $31,426,249 |
| Earnings | $2,450,330 |
| Admin Expense | $10,000 |
| Grants | $1,609,000 |
| Ending Balance | $27,356,919 |
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 |