Liabilities / Assets
12th percentile
Higher debt load relative to assets than 12% of similar nonprofits.
990 • Fiscal year 2015 • EIN 31-1708531
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
12th percentile
Higher debt load relative to assets than 12% of similar nonprofits.
Liabilities / Revenue
97th percentile
Higher debt load relative to revenue than 97% of similar nonprofits.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
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.
The organization's primary exempt purpose is to promote and develop educational opportunities and institutions.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 | Book Value | Depreciation | Basis |
|---|---|---|---|
| Land | $97,925,000 | - | $97,925,000 |
| Name | Title |
|---|---|
| Nigel Thrift | Chairman |
| Kyriakos Tsakopoulos | President & CEO |
| Dr Gregory Graves | Director |
| John Hood | Director |
| Dr Louis Vismara | Executive Director |
| Mark Enes | Secretary/Treas |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| 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 | - |
“Explanation: The Form 990 is provided to the Secretary/Treasurer for review before it is filed.”
“Explanation: Upon request, a copy of the governing documents and/or tax returns are provided to the party making the request.”
“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.”
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/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 205340 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 43180 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | The Organization's primary exempt purpose is to promote and develop educational opportunities and institutions. |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 11970 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 11970 |
| IRS990/AllAffiliatesIncludedInd | 0 | false |
| IRS990/AllOtherContributionsAmt | 0 | 5000 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 7899 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 7899 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | false |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 0 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | Mark Enes |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 9163832500 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 7700 College Town Dr 101 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | Sacramento |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 95826 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 19813 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 121374 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 0 |
| IRS990/CompDisqualPersonsGrp/TotalAmt | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | false |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | false |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 5000 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 370485 |
| IRS990/CYInvestmentIncomeAmt | 0 | 6811 |
| IRS990/CYOtherExpensesAmt | 0 | 518415 |
| IRS990/CYOtherRevenueAmt | 0 | 173480 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -703609 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 888900 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 185291 |
| IRS990/DAFExcessBusinessHoldingsInd | 0 | false |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 0 |
| IRS990/Desc | 0 | During 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/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | true |
| IRS990/DistributionToDonorInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | false |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/EscrowAccountInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 863783 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 16561 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 16561 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 97386 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 97386 |
| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 809 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 175514 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 176323 |
| IRS990/FeesForServicesProfFundraising/TotalAmt | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignGrantsGrp/ProgramServicesAmt | 0 | 370485 |
| IRS990/ForeignGrantsGrp/TotalAmt | 0 | 370485 |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form1098CFiledInd | 0 | false |
| IRS990/Form8282FiledCnt | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form8899Filedind | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 25.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Nigel Thrift |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Kyriakos Tsakopoulos |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Mark Enes |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Dr Louis Vismara |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Dr Gregory Graves |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | John Hood |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Chairman |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | President & CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Secretary/Treas |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Executive Dir. |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Director |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/Form990TFiledInd | 0 | false |
| IRS990/FormationYr | 0 | 2000 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 6 |
| IRS990/GrantAmt | 0 | 370485 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 185291 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 173480 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 6 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 0 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 30484 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 30484 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/InterestGrp/TotalAmt | 0 | 0 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 6811 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 6811 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 0 |
| IRS990/InvestTaxExemptBondsInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 14 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 97925000 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 97925000 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 97925000 |
| IRS990/LegalDomicileStateCd | 0 | DC |
| IRS990/LicensedMoreThanOneStateInd | 0 | false |
| IRS990/LoanOutstandingInd | 0 | true |
| IRS990/LoansFromOfficersDirectorsGrp/BOYAmt | 0 | 974400 |
| IRS990/LoansFromOfficersDirectorsGrp/EOYAmt | 0 | 1998700 |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | false |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | The Organization's primary exempt purpose is to promote and develop educational opportunities and institutions. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | true |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 97456818 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 96753209 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt | 0 | 173480 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 173480 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 2960 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 2960 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 703 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 703 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OnBehalfOfIssuerInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OrgFiledInLieuOfForm1041Ind | 0 | false |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 691745 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 748715 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | Property taxes |
| IRS990/OtherExpensesGrp/Desc | 1 | Meals and entertainment |
| IRS990/OtherExpensesGrp/Desc | 2 | Public relations |
| IRS990/OtherExpensesGrp/Desc | 3 | Bank charges |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 7747 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 104509 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 26353 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 8900 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 104509 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 26353 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 8900 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 7747 |
| IRS990/OtherRevenueTotalAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 0 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | Mark Enes |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 10638444 |
| IRS990/PYInvestmentIncomeAmt | 0 | 536643 |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 534615 |
| IRS990/PYOtherRevenueAmt | 0 | 124800 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -10511616 |
| IRS990/PYTotalExpensesAmt | 0 | 11173059 |
| IRS990/PYTotalRevenueAmt | 0 | 661443 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -703609 |
| IRS990/RegularMonitoringEnfrcInd | 0 | false |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 173480 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RoyaltiesGrp/TotalAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 0 |
| IRS990ScheduleA/FactsAndCircumstancesTestTxt | 0 | Prior 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/CurrentTaxYearAmt | 0 | 5000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 11931 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 107305832 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 407584 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 107730347 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 6811 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 661443 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 120811 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 6811 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 177060 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 972936 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.13090 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.13720 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 14228848 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 93501499 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 5000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 11931 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 107305832 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 407584 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 107730347 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 108703283 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 0 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 97925000 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 97925000 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part X : FIN48 Footnote |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 97925000 |
| IRS990ScheduleF/BoycottCountriesInd | 0 | false |
| IRS990ScheduleF/ForeignCorpOwnershipInd | 0 | false |
| IRS990ScheduleF/ForeignPartnershipInd | 0 | false |
| IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt | 0 | 370485 |
| IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt | 0 | Wire |
| IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt | 0 | Cost reimbursement |
| IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt | 0 | United Kingdom |
| IRS990ScheduleF/InterestInForeignTrustInd | 0 | false |
| IRS990ScheduleF/PassiveForeignInvestmestCoInd | 0 | false |
| IRS990ScheduleF/Total501c3OrgCnt | 0 | 1 |
| IRS990ScheduleF/TransferToForeignCorpInd | 0 | false |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 0 | 1998700 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 0 | true |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd | 0 | false |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 0 | See Pg 2 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd | 0 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 0 | 342800 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 0 | Angelo K Tsakopoulos |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt | 0 | See Pg 2 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd | 0 | true |
| IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt | 0 | Schedule 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/FormAndLineReferenceDesc | 0 | Schedule L, Part V Supplemental Information |
| IRS990ScheduleL/TotalBalanceDueAmt | 0 | 1998700 |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Explanation: The Form 990 is provided to the Secretary/Treasurer for review before it is filed. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Explanation: Upon request, a copy of the governing documents and/or tax returns are provided to the party making the request. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Line 11b: Form 990 Review Process |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Line 19: Other Organization Documents Publicly Available |
| IRS990ScheduleR/AssetExchangeInd | 0 | false |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | false |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | false |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | false |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | false |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | false |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt | 0 | University Development Foundation |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt | 1 | University Development Foundation |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | Placer University Project LLC |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt | 1 | Placer University Community Property LLC |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN | 0 | 461617792 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN | 1 | 462192483 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt | 0 | 26626236 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt | 1 | 72052909 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd | 0 | CA |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd | 1 | CA |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt | 0 | Hold & manage donated Placer County property |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt | 1 | Hold & manage donated Placer County property |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt | 0 | 33174 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt | 1 | 140306 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt | 0 | 7700 College Town Dr 101 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt | 1 | 7700 College Town Dr 101 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm | 0 | Sacramento |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm | 1 | Sacramento |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd | 1 | CA |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd | 0 | 95826 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd | 1 | 95826 |
| IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd | 0 | false |
| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | false |
| IRS990ScheduleR/PaidEmployeesSharingInd | 0 | false |
| IRS990ScheduleR/PerformOfServicesByOtherOrgInd | 0 | false |
| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | false |
| IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd | 0 | false |
| IRS990ScheduleR/ReimbursementPaidByOtherOrgInd | 0 | false |
| IRS990ScheduleR/ReimbursementPaidToOtherOrgInd | 0 | false |
| IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd | 0 | false |
| IRS990ScheduleR/RentalOfFcltsFromOthOrgInd | 0 | false |
| IRS990ScheduleR/SharingOfFacilitiesInd | 0 | false |
| IRS990ScheduleR/TransferFromOtherOrgInd | 0 | false |
| IRS990ScheduleR/TransferToOtherOrgInd | 0 | false |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | CA |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/TaxableDistributionsInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt | 0 | 97925000 |
| IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt | 0 | 97925000 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 98636558 |
| IRS990/TotalAssetsEOYAmt | 0 | 98795089 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 98636558 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 98795089 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 5000 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
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Displayed year
2015 • Form 990Detailed filing. Detailed filing data is available for this year.