University Of South Los Angeles
- Assets
- $428.2k
- Revenue
- $609.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Gardena, CA
- Founding
- 04/1994
- Data as of
- 06/2021
- EIN
- 95-4452381
Organization Overview
University Of South Los Angeles is located in Gardena, CA. The organization was established in 1994. 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, University Of South Los Angeles employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of South Los Angeles 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, University Of South Los Angeles generated $609.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $519.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.4%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FORM 990, PART I, LINE 1 - THE UNIVERSITY OFFERS A WIDE RANGE OF GRADUATE AND UNDERGRADUATE DEGREE PROGRAMS. THE UNIVERSITY IS COMMITTED TO THE HIGHEST STANDARDS OF ACADEMIC EXCELLENCE AND CHRISTIAN VALUES, WHERE STUDENTS ARE STRENGTHENED FOR LIVES OF PURPOSE, SERVICE, AND LEADERSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE UNDERGRADUATE & GRADUATE PROGRAMS FOR THEOLOGY, BUSINESS ADMINISTRATION, ORIENTAL MEDICINE, AS WELL AS NON-DEGREE STUDY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Kang Exe. Vice Ch | Officer | 40 | $117,700 |
Jackie Jung CFO | Officer | 40 | $64,970 |
Peter Choi Chancellor | Officer | 15 | $0 |
Jin S Jung Board Member | Trustee | 1 | $0 |
Daniel Lee Board Member | Trustee | 1 | $0 |
Chung Y Yun Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $609,029 |
| 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 | $255,668 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,766 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,424 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,237 |
| Information technology | $7,221 |
| Royalties | $0 |
| Occupancy | $179,667 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $91 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $727 |
| Insurance | $17,464 |
| All other expenses | $0 |
| Total functional expenses | $519,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,842 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $164,500 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,215 |
| Total assets | $428,201 |
| Accounts payable and accrued expenses | $1,430 |
| Grants payable | $0 |
| Deferred revenue | $11,280 |
| 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 | $79,312 |
| Total liabilities | $92,022 |
| 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 | $336,179 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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Whittier College Whittier, CA | $322,047,237 | $96,024,170 |
Claremont Graduate University Claremont, CA | $282,759,045 | $94,587,172 |
Soka University Of America Aliso Viejo, CA | $1,933,834,260 | $62,118,050 |
Fresno Pacific University Fresno, CA | $60,393,077 | $83,753,327 |
Mills College Oakland, CA | $350,121,466 | $66,976,273 |
La Sierra University Riverside, CA | $224,274,397 | $79,132,443 |
Cal Poly Corporation San Luis Obispo, CA | $221,621,500 | $66,523,157 |
Chaminade University Of Honolulu Honolulu, HI | $103,384,806 | $64,562,356 |
Golden Gate University San Francisco, CA | $141,254,047 | $81,559,491 |
Holy Names University Oakland, CA | $93,790,592 | $49,885,644 |
Woodbury University Burbank, CA | $66,650,435 | $51,740,863 |