Civic Intelligence

University Development Foundation

990 • Fiscal year 2015 • EIN 31-1708531

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 14, 2016

7700 College Town DriveSacramento, CA 95826

(916) 842-3979

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

12th percentile

0.02x

Higher debt load relative to assets than 12% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

97th percentile

11.02x

Higher debt load relative to revenue than 97% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Net Margin

1st percentile

-380%

Higher net margin than 1% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

Down

$98,795,089

Down $8,634,302 (-8.0%) from 2012

Net Assets

Down

$96,753,209

Down $10,676,182 (-9.9%) from 2012

Liabilities

Up

$2,041,880

Up $2,041,880 from 2012

Revenue

$185,291

No earlier filing loaded for comparison.

Expenses

Up

$888,900

Up $858,135 (+2789%) from 2012

Net Income

-$703,609

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $1,371,005Liabilities 2010: $218,341Net Assets 2010: $1,152,6642010Assets 2011: $582,551Liabilities 2011: $27,400Net Assets 2011: $555,1512011Assets 2012: $107,429,391Liabilities 2012: $0Net Assets 2012: $107,429,3912012Assets 2015: $98,795,089Liabilities 2015: $2,041,880Net Assets 2015: $96,753,2092015Assets 2016: $98,752,849Liabilities 2016: $4,257,081Net Assets 2016: $94,495,7682016Assets 2017: $99,363,493Liabilities 2017: $5,942,018Net Assets 2017: $93,421,4752017Assets 2018: $100,146,651Liabilities 2018: $7,040,352Net Assets 2018: $93,106,2992018Assets 2019: $100,423,413Liabilities 2019: $7,487,286Net Assets 2019: $92,936,1272019Assets 2020: $100,473,677Liabilities 2020: $744,835Net Assets 2020: $99,728,8422020Assets 2021: $499,472Liabilities 2021: $445,365Net Assets 2021: $54,1072021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2015

Assets$98,795,089
Liabilities$2,041,880
Net Assets$96,753,209

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0-$50M-$100MExpenses 2010: $1,283,6142010Expenses 2011: $1,242,9972011Expenses 2012: $30,7652012Revenue 2015: $185,291Expenses 2015: $888,900Net Income 2015: -$703,6092015Revenue 2016: $218,495Expenses 2016: $2,475,936Net Income 2016: -$2,257,4412016Revenue 2017: $344,724Expenses 2017: $1,451,487Net Income 2017: -$1,106,7632017Revenue 2018: $118,114Expenses 2018: $433,290Net Income 2018: -$315,1762018Revenue 2019: $126,445Expenses 2019: $296,617Net Income 2019: -$170,1722019Revenue 2020: $7,082,698Expenses 2020: $289,983Net Income 2020: $6,792,7152020Revenue 2021: $124,731Expenses 2021: $99,799,466Net Income 2021: -$99,674,7352021Revenue 2022: $420,445Expenses 2022: $474,552Net Income 2022: -$54,1072022

Highlighted filing

2015

Revenue$185,291
Expenses$888,900
Net Income-$703,609
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 14, 2016
Return Version
2015v2.0
Gross Receipts
$185,291
Mission and Program Overview

Mission

The organization's primary exempt purpose is to promote and develop educational opportunities and institutions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$97,925,000$97,925,000→ $0
Loans From Officers Directors$974,400$1,998,700▲ $1,024,300
Cash and Non-Interest-Bearing Accounts$19,813$121,374▲ $101,561
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$98,636,558$98,795,089▲ $158,531
Other Assets Total$691,745$748,715▲ $56,970
Liabilities
Accounts Payable and Accrued Expenses$205,340$43,180▼ $162,160
Total Liabilities$1,179,740$2,041,880▲ $862,140
Net Assets / Fund Balance
Temporarily Rstr Net Assets$97,925,000$97,925,000→ $0
Unrestricted Net Assets$-468,182$-1,171,791▼ $703,609
Total Net Assets Fund Balance$97,456,818$96,753,209▼ $703,609
Total Liabilities and Net Assets / Fund Balance$98,636,558$98,795,089▲ $158,531

Asset Categories

AssetBook ValueDepreciationBasis
Land$97,925,000-$97,925,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nigel ThriftChairman
Kyriakos TsakopoulosPresident & CEO
Dr Gregory GravesDirector
John HoodDirector
Dr Louis VismaraExecutive Director
Mark EnesSecretary/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$5,000
Program Service Revenue
$0
Investment Income
$6,811
Other Revenue
$173,480
All Other Contributions
$5,000
Change in Net Assets
$-703,609
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$518,415
Grants and Similar Amounts Paid$370,485
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$370,485--$370,485
Fees for Services Other$175,514$809-$176,323
Fees for Services Legal$97,386--$97,386
Insurance$30,484--$30,484
Travel$26,620--$26,620
Fees for Services Accounting-$16,561-$16,561
Advertising$11,970--$11,970
All Other Expenses$7,899--$7,899
Other Expenses$8,900$7,747-$7,747
Occupancy$2,960--$2,960
Office Expenses$703--$703
Total Functional Expenses$863,783$25,117$0$888,900
International Activity

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$974,400$1,998,700▲ $1,024,300
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Explanation: The Form 990 is provided to the Secretary/Treasurer for review before it is filed.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Explanation: Upon request, a copy of the governing documents and/or tax returns are provided to the party making the request.

Filing and Contact Details

Filer

Filer Name
University Development Foundation
EIN
31-1708531
Phone
9168423979
Address
7700 College Town Drive, Sacramento, CA 95826

Signing Officer

Name
Mark Enes
Title
Secretary/Treas
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Enes
Formed
2000
Legal Domicile
Dc
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Brian R Nycum CPA
Address
7700 College Town Dr Ste 101A, Sacramento, CA 95826
Preparer
Brian R Nycum CPA
Phone
9163832500
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Explanation: UDF is currently in the process of having an audit completed for the 2015 reporting period. The FIN 48 footnote for the 2014 reporting period read as follows: UDF has applied the accounting principles related to accounting for uncertainty in income taxes and has determined that there is no material impact on the financial statements.

Raw XML AppendixShowing 400 of 460 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0205340
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt043180
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The Organization's primary exempt purpose is to promote and develop educational opportunities and institutions.
IRS990/AdvertisingGrp/ProgramServicesAmt011970
IRS990/AdvertisingGrp/TotalAmt011970
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherContributionsAmt05000
IRS990/AllOtherExpensesGrp/ProgramServicesAmt07899
IRS990/AllOtherExpensesGrp/TotalAmt07899
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Mark Enes
IRS990/BooksInCareOfDetail/PhoneNum09163832500
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt07700 College Town Dr 101
IRS990/BooksInCareOfDetail/USAddress/CityNm0Sacramento
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd095826
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt019813
IRS990/CashNonInterestBearingGrp/EOYAmt0121374
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt05000
IRS990/CYGrantsAndSimilarPaidAmt0370485
IRS990/CYInvestmentIncomeAmt06811
IRS990/CYOtherExpensesAmt0518415
IRS990/CYOtherRevenueAmt0173480
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-703609
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0888900
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0185291
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0During 2015, University Development Foundation obtained a commitment from the University of Warwick in Coventry, England to build an institution of higher learning on the land that was donated to the Foundation during December 2012. Phase 0 of this commitment began during the year. Phase 0 consists of raising awareness, profile building and preparation for the eventual development of a university.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0true
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt0863783
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt016561
IRS990/FeesForServicesAccountingGrp/TotalAmt016561
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt097386
IRS990/FeesForServicesLegalGrp/TotalAmt097386
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0809
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0175514
IRS990/FeesForServicesOtherGrp/TotalAmt0176323
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/ProgramServicesAmt0370485
IRS990/ForeignGrantsGrp/TotalAmt0370485
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt325.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0Nigel Thrift
IRS990/Form990PartVIISectionAGrp/PersonNm1Kyriakos Tsakopoulos
IRS990/Form990PartVIISectionAGrp/PersonNm2Mark Enes
IRS990/Form990PartVIISectionAGrp/PersonNm3Dr Louis Vismara
IRS990/Form990PartVIISectionAGrp/PersonNm4Dr Gregory Graves
IRS990/Form990PartVIISectionAGrp/PersonNm5John Hood
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary/Treas
IRS990/Form990PartVIISectionAGrp/TitleTxt3Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantAmt0370485
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0185291
IRS990/GrossRentsGrp/RealAmt0173480
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt030484
IRS990/InsuranceGrp/TotalAmt030484
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt06811
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06811
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt097925000
IRS990/LandBldgEquipBasisNetGrp/EOYAmt097925000
IRS990/LandBldgEquipCostOrOtherBssAmt097925000
IRS990/LegalDomicileStateCd0DC
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0true
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt0974400
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt01998700
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The Organization's primary exempt purpose is to promote and develop educational opportunities and institutions.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0true
IRS990/NetAssetsOrFundBalancesBOYAmt097456818
IRS990/NetAssetsOrFundBalancesEOYAmt096753209
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0173480
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0173480
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt02960
IRS990/OccupancyGrp/TotalAmt02960
IRS990/OfficeExpensesGrp/ProgramServicesAmt0703
IRS990/OfficeExpensesGrp/TotalAmt0703
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0691745
IRS990/OtherAssetsTotalGrp/EOYAmt0748715
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Property taxes
IRS990/OtherExpensesGrp/Desc1Meals and entertainment
IRS990/OtherExpensesGrp/Desc2Public relations
IRS990/OtherExpensesGrp/Desc3Bank charges
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07747
IRS990/OtherExpensesGrp/ProgramServicesAmt0104509
IRS990/OtherExpensesGrp/ProgramServicesAmt126353
IRS990/OtherExpensesGrp/ProgramServicesAmt28900
IRS990/OtherExpensesGrp/TotalAmt0104509
IRS990/OtherExpensesGrp/TotalAmt126353
IRS990/OtherExpensesGrp/TotalAmt28900
IRS990/OtherExpensesGrp/TotalAmt37747
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Mark Enes
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt010638444
IRS990/PYInvestmentIncomeAmt0536643
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0534615
IRS990/PYOtherRevenueAmt0124800
IRS990/PYRevenuesLessExpensesAmt0-10511616
IRS990/PYTotalExpensesAmt011173059
IRS990/PYTotalRevenueAmt0661443
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-703609
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0173480
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/FactsAndCircumstancesTestTxt0Prior Year Facts and Circumstances: Explanation: University Development Foundation qualifies as a "publicly supported" organization under IRC Sec. 170(b)(1)(A)(vi) because it satisfies the "facts and circumstances" test set forth in Treas. Reg. 1.170A-9(f)(3). First, the charity satisfies the threshold criteria in the Regulations; it normally receives at least 10% of its support from the general public, and it carries on a continuous and bona fide program of solicitation of public support. Moreover, University Development Foundation meets the following factors enumerated in the regulations as being indicative of public support:1. Percentage of Financial Support (Treas. Reg. 1.170A-9(f)(3)(iii)(A)). During the five-year period ending on December 31, 2015, the portion of University Development Foundation's support that qualifies as eligible public support is over 13% (see Schedule A)-in excess of the 10% threshold.2. Sources of Support (Treas. Reg. 1.170A-9(f)(3)(iii)(B)). University Development Foundation normally receives financial support from a variety of individuals and foundations, and does not depend on a single family for contributions. University Development Foundation is independent from its foundation, and individual contributors, which does not appoint representatives to its Board of Directors or exercise control over University Development Foundation's activities. Indeed, all of the charity's directors are independent.3. Representative Governing Body (Treas. Reg. 1.170A-9(f)(3)(iii)(C)). University Development Foundation is quided by a board of professionals, business and community leaders. These individuals are experts in their field; represent a cross-section of the views and interests of the communities that University Development Foundation serves; and are eminently qualified to ensure that the organization operates for the interests of the public, as opposed to the personal or private interests of any particular donor. University Development Foundation's five-member, volunteer Board of Directors serves at its own expense.4. Availability of Public Services; Public Participation in Programs or Policies (Treas. Reg. 1.170A-9(f)(3)(iii)(D)). University Development Foundation's primary exempt purpose is to promote and develop educational opportunities and institutions. Over the past 5 tax years, the charity has made its educational programs, services, and materials broadly available to the general public. Currently, the University Development Foundation is working on establishing an institution of higher education that will serve to help improve the economic development of the surrounding community and will also provide educational services and resources to the general public.
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt05000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt011931
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0107305832
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0407584
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0107730347
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt06811
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0661443
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0120811
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt06811
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0177060
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0972936
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.13090
IRS990ScheduleA/PublicSupportPY170Pct00.13720
IRS990ScheduleA/PublicSupportTotal170Amt014228848
IRS990ScheduleA/SubstantialContributorsTotAmt093501499
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt05000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt011931
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0107305832
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0407584
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0107730347
IRS990ScheduleA/TotalSupportAmt0108703283
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt097925000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt097925000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Explanation: UDF is currently in the process of having an audit completed for the 2015 reporting period. The FIN 48 footnote for the 2014 reporting period read as follows: UDF has applied the accounting principles related to accounting for uncertainty in income taxes and has determined that there is no material impact on the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt097925000
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0370485
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0Wire
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Cost reimbursement
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0United Kingdom
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt01998700
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0See Pg 2
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0342800
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Angelo K Tsakopoulos
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0See Pg 2
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Schedule L, Part II(b) Relationship with organizationAngelo K. Tsakopoulos is the father of Kyriakos Tsakopoulos who is a member of the Board of Directors of the Organization.Schedule L, Part II(c) Purpose of loanFunds were needed to pay the program service expenses and capitalized development costs associated with obtaining a commitment from an existing university to build an institution of higher learning on land held by the Organization.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990ScheduleL/TotalBalanceDueAmt01998700
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Explanation: The Form 990 is provided to the Secretary/Treasurer for review before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Explanation: Upon request, a copy of the governing documents and/or tax returns are provided to the party making the request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0University Development Foundation
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1University Development Foundation
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0Placer University Project LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1Placer University Community Property LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0461617792
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1462192483
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt026626236
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt172052909
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0Hold & manage donated Placer County property
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1Hold & manage donated Placer County property
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt033174
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt1140306
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt07700 College Town Dr 101
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt17700 College Town Dr 101
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0Sacramento
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1Sacramento
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd095826
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd195826
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt097925000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt097925000
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt098636558
IRS990/TotalAssetsEOYAmt098795089
IRS990/TotalAssetsGrp/BOYAmt098636558
IRS990/TotalAssetsGrp/EOYAmt098795089
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05000
IRS990/TotalEmployeeCnt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings