Pepperdine University
- Assets
- $2.0b
- Revenue
- $580.2m
- Investments
- $566.8m
- Employees
- 5,090
- Location
- Malibu, CA
- Founding
- 12/1940
- Data as of
- 07/2020
- EIN
- 95-1644037
Organization Overview
Pepperdine University is located in Malibu, CA. The organization was established in 1940. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 07/2020, Pepperdine University employed 5,090 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 07/2020, Pepperdine University generated $580.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $555.4m during the year ending 07/2020. While expenses have increased by 4.9% per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PEPPERDINE UNIVERSITY IS A CHRISTIAN UNIVERSITY COMMITTED TO THE HIGHEST STANDARDS OF EXCELLENCE AND CHRISTIAN VALUES, (CONTINUED SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT SERVICES, INCLUDING SCHOLARSHIPS TO ENROLLED STUDENTS - THERE ARE MANY AUXILIARY SERVICES OFFERED TO THE STUDENTS TO PROMOTE THEIR INTELLECTUAL, EMOTIONAL, AND SPIRITUAL DEVELOPMENT. PEPPERDINE UNIVERSITY MAINTAINS MULTIPLE DINING AND HOUSING FACILITIES, A BOOKSTORE, BANKING SERVICES, PARKING FACILITIES LOCATED ALL OVER CAMPUS, TRANSPORTATION SERVICES, RECREATIONAL FIELDS, AND MAIL SERVICES. IN ADDITION TO THESE FACILITIES AND SERVICES, PEPPERDINE OFFERS APPROXIMATELY 82% OF ITS TOTAL STUDENT BODY FINANCIAL AID IN THE FORM OF VARIOUS SCHOLARSHIPS, GRANTS, AND LOANS.
INSTRUCTION AND RESEARCH - PEPPERDINE UNIVERSITY IS A TOP CHRISTIAN INSTITUTION FOR HIGHER EDUCATION, AND SERVES APPROXIMATELY 3,600 UNDERGRADUATE STUDENTS AND 5,200 GRADUATE STUDENTS. IN ADDITION TO THE UNIVERSITY'S CAMPUSES IN CALIFORNIA, PEPPERDINE UNIVERSITY MAINTAINS SEVERAL STUDENT LEARNING PROGRAMS IN LOCATIONS SUCH AS EUROPE, ASIA (PROGRAM ENDED DURING FISCAL YEAR 2021), SOUTH AMERICA, AND WASHINGTON D.C. PEPPERDINE UNIVERSITY BELIEVES IN A LOW STUDENT-FACULTY RATIO (13:1), AND HAS AN AVERAGE CLASS SIZE OF 19. THE UNIVERSITY OFFERS 59 MAJORS THAT UNDERGRADUATES CAN PURSUE, AS WELL AS 37 GRADUATE DEGREES, INCLUDING FIVE DOCTORAL DEGREES.
ACADEMIC SUPPORT - PEPPERDINE UNIVERSITY EQUIPS STUDENTS WITH ACADEMIC SUPPORT TO ENSURE STUDENTS REACH THEIR EDUCATIONAL GOALS. UNIVERSITY SERVICES SUCH AS THE LIBRARY, TECH CENTRAL, PEPPERDINE COUNSELING CENTER, THE HEALTH CENTER, AND ONE STOP, WHICH IS THE PRIMARY ACADEMIC ADVISING CENTER, ASSIST IN THE WELL-BEING AND ACADEMIC PROGRESS OF THE UNIVERSITY'S STUDENTS.
PUBLIC SERVICE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Benton President Emeritus | 5 | $1,133,559 | |
Lorenzo Romar Head Coach, Basketball | 40 | $750,845 | |
Charles Pippin SVP For Investments & Cio | Officer | 40 | $624,484 |
Deryck Janse Van Rensburg Dean, Graziadio Business Schoo | Officer | 40 | $462,179 |
Gary Hanson Executive VP | Officer | 40 | $429,402 |
Rick Marrs Provost & Chief Academic Off | Officer | 40 | $427,244 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sundt Construction Inc Construction | 7/30/20 | $9,825,031 |
Ncs Pearson Inc E-learning | 7/30/20 | $7,735,280 |
Clune Construction Company Lp Construction | 7/30/20 | $3,082,972 |
2u Inc E-learning | 7/30/20 | $22,797,134 |
Sodexo Inc Affiliates Catering & Custodial | 7/30/20 | $10,553,798 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $870,755 |
| Related organizations | $7,162,324 |
| Government grants | $6,531,574 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,269,556 |
| Noncash contributions included in lines 1a–1f | $8,107,438 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,834,209 |
| Total Program Service Revenue | $465,020,833 |
| Investment income | $31,434,357 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $850,071 |
| Net Gain/Loss on Asset Sales | $17,787,726 |
| Net Income from Fundraising Events | -$807,393 |
| Net Income from Gaming Activities | $1,870 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $580,174,202 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,043,596 |
| Grants and other assistance to domestic individuals. | $122,497,422 |
| Grants and other assistance to Foreign Orgs/Individuals | $8,335,131 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,198,728 |
| Compensation of current officers, directors, key employees. | $5,511,685 |
| Compensation to disqualified persons | $2,747,093 |
| Other salaries and wages | $154,166,653 |
| Pension plan accruals and contributions | $10,939,991 |
| Other employee benefits | $31,057,589 |
| Payroll taxes | $11,062,371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,077,264 |
| Fees for services: Accounting | $947,614 |
| Fees for services: Lobbying | $102,516 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,520,198 |
| Fees for services: Other | $42,346,525 |
| Advertising and promotion | $6,111,871 |
| Office expenses | $8,820,967 |
| Information technology | $9,678,079 |
| Royalties | $0 |
| Occupancy | $12,065,001 |
| Travel | $6,575,087 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,548,236 |
| Interest | $18,114,925 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,880,040 |
| Insurance | $3,556,639 |
| All other expenses | $22,459,685 |
| Total functional expenses | $555,422,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,007,646 |
| Savings and temporary cash investments | $125,999,205 |
| Pledges and grants receivable | $57,697,009 |
| Accounts receivable, net | $7,700,482 |
| Loans from Officers, Directors, or Controlling Persons | $1,005,550 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,562,335 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,810,727 |
| Net Land, buildings, and equipment | $521,166,834 |
| Investments—publicly traded securities | $556,027,466 |
| Investments—other securities | $566,808,653 |
| Investments—program-related | $16,014,162 |
| Intangible assets | $0 |
| Other assets | $181,944,640 |
| Total assets | $2,047,744,709 |
| Accounts payable and accrued expenses | $62,001,347 |
| Grants payable | $0 |
| Deferred revenue | $19,045,050 |
| Tax-exempt bond liabilities | $217,696,552 |
| Escrow or custodial account liability | $32,384,949 |
| 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 | $356,096,954 |
| Total liabilities | $687,224,852 |
| Net assets without donor restrictions | $823,004,296 |
| Net assets with donor restrictions | $537,515,561 |
| 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 | $2,047,744,709 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that Pepperdine University has recieved totaling $1,487,447.
| Awarding Organization | Amount |
|---|---|
Lilly Endowment Inc Indianapolis, IN PURPOSE: THRIVING CONGREGATIONS INITIATIVE | $540,000 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: THRIVING CONGREGATIONS INITIATIVE | $453,072 |
Fridolin Charitable Tr Ua 06282006 New York, NY PURPOSE: GENERAL PURPOSE | $245,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $51,781 |
Oder Family Foundation Inc Woodland Hills, CA PURPOSE: TO CONTRIBUTE TOWARDS PEPPERDINE BASEBALL & SOCCER PROGRAMS. | $25,000 |
Daniels Fund Denver, CO PURPOSE: SCHOLARSHIPS | $17,525 |
Endowment Analysis
| Beg. Balance | $917,551,019 |
| Earnings | -$15,420,363 |
| Net Contributions | $53,457,004 |
| Other Expense | $32,243,556 |
| Grants | $15,036,229 |
| Ending Balance | $908,307,875 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pepperdine University Malibu, CA | $2,047,744,709 | $580,174,202 |
Loyola Marymount University Los Angeles, CA | $1,440,707,978 | $556,313,636 |
Chapman University Orange, CA | $1,605,493,045 | $623,060,469 |
President-Board Of Trustees Santa Clara College Santa Clara, CA | $2,391,705,262 | $550,696,402 |
University Of San Diego San Diego, CA | $1,513,056,957 | $520,612,377 |
University Of San Francisco San Francisco, CA | $1,504,911,825 | $571,770,890 |
University Of The Pacific Stockton, CA | $1,134,390,428 | $460,359,740 |
Loma Linda University Loma Linda, CA | $1,680,846,175 | $284,623,400 |
Loma Linda University Shared Services Loma Linda, CA | $297,987,875 | $307,068,442 |
Azusa Pacific University Azusa, CA | $352,158,662 | $298,077,591 |
National University La Jolla, CA | $1,273,278,667 | $550,478,609 |
University Of Portland Portland, OR | $637,956,444 | $243,526,883 |