Civic Intelligence

West Coast University Foundation

990EZ • Fiscal year 2022 • EIN 45-5500721

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 01, 2023

151 Innovation DriveIrvine, CA 92617

(949) 783-4800

Siviq Scores

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

Liabilities / Assets

76th percentile

0.05x

Higher debt load relative to assets than 76% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

85th percentile

0.16x

Higher debt load relative to revenue than 85% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

24th percentile

-12%

Higher net margin than 24% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

37th percentile

-5.5%

Faster asset growth than 37% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

55th percentile

15%

Faster revenue growth than 55% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$235,708

Down $13,653 (-5.5%) from 2021

Net Assets

Down

$223,022

Down $9,448 (-4.1%) from 2021

Liabilities

Down

$12,686

Down $4,205 (-25%) from 2021

Revenue

Up

$77,649

Up $10,037 (+15%) from 2021

Expenses

Up

$87,097

Up $19,712 (+29%) from 2021

Net Income

Down

-$9,448

Down $9,675 (-4262%) from 2021

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2012: $270,000Liabilities 2012: $0Net Assets 2012: $270,0002012Assets 2013: $271,042Liabilities 2013: $0Net Assets 2013: $271,0422013Assets 2014: $270,759Liabilities 2014: $0Net Assets 2014: $270,7592014Assets 2015: $276,828Liabilities 2015: $0Net Assets 2015: $276,8282015Assets 2016: $255,205Liabilities 2016: $0Net Assets 2016: $255,2052016Assets 2017: $253,568Liabilities 2017: $0Net Assets 2017: $253,5682017Assets 2018: $277,842Liabilities 2018: $0Net Assets 2018: $277,8422018Assets 2019: $300,808Liabilities 2019: $9,700Net Assets 2019: $291,1082019Assets 2020: $243,743Liabilities 2020: $11,500Net Assets 2020: $232,2432020Assets 2021: $249,361Liabilities 2021: $16,891Net Assets 2021: $232,4702021Assets 2022: $235,708Liabilities 2022: $12,686Net Assets 2022: $223,0222022Assets 2023: $212,930Liabilities 2023: $14,329Net Assets 2023: $198,6012023Assets 2024: $220,827Liabilities 2024: $11,488Net Assets 2024: $209,3392024

Highlighted filing

2022

Assets$235,708
Liabilities$12,686
Net Assets$223,022

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2012: $270,000Expenses 2012: $0Net Income 2012: $270,0002012Revenue 2013: $2,300Expenses 2013: $1,258Net Income 2013: $1,0422013Revenue 2014: $400Expenses 2014: $683Net Income 2014: -$2832014Revenue 2015: $11,160Expenses 2015: $5,091Net Income 2015: $6,0692015Revenue 2016: $1,400Expenses 2016: $23,023Net Income 2016: -$21,6232016Revenue 2017: $13,610Expenses 2017: $15,247Net Income 2017: -$1,6372017Revenue 2018: $34,212Expenses 2018: $9,938Net Income 2018: $24,2742018Revenue 2019: $63,463Expenses 2019: $50,197Net Income 2019: $13,2662019Revenue 2020: $57,498Expenses 2020: $116,363Net Income 2020: -$58,8652020Revenue 2021: $67,612Expenses 2021: $67,385Net Income 2021: $2272021Revenue 2022: $77,649Expenses 2022: $87,097Net Income 2022: -$9,4482022Revenue 2023: $89,874Expenses 2023: $114,295Net Income 2023: -$24,4212023Revenue 2024: $142,350Expenses 2024: $131,612Net Income 2024: $10,7382024

Highlighted filing

2022

Revenue$77,649
Expenses$87,097
Net Income-$9,448
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 1, 2023
Return Version
2022v5.0
Gross Receipts
$77,649
Mission and Program Overview

Mission

To provide 1) educational opportunities for prospective and enrolled students of west coast university ("wcu"), a college level educational organization operated by west coast university, inc., through tuition assistance including, but not limited to, scholarships and grants; 2) tuition assistance, the organization's funds will be used to provide charitable support through donations of funds, equipment, supplies and training opportunities to wcu's community partners; and 3) health care support to underserved communities.

Program Services

DescriptionGrantsExpenses
SEE STATEMENT OF EXEMPT PURPOSE ABOVE$64,884$64,884
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAVID PYLEPresident/CEO/Director-$0--
JERRY CWIERTNIACFO/Director-$0--
CARLOS LEIJASecretary/Director-$0--
DARRYL LYCETTCOO-$0--
Filing and Contact Details

Filer

Filer Name
West Coast University Foundation
EIN
45-5500721
Phone
9497834800
Address
151 INNOVATION DRIVE, IRVINE, CA 92617

Signing Officer

Name
Darryl Lycett
Title
COO
Phone
9497834800
Signed
2023-11-01
Discuss with paid preparer
Yes

Preparer

Firm
Armanino Llp
Address
18101 VON KARMAN AVE1400, IRVINE, CA 92612
Preparer
Katherine M Neil
Phone
9492243300
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: scholarships (44 recipients). Grantee name: 44 recipients. Date of gift: 12/31/22. Amount given: 64,884.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: supplies. Amount: 2,771.

Form 990-ez, Part II, Line 24 - Other Assets

Description: prepaid expenses. Beg. Of year amount: 677. End of year amount: 677. Description: contributions receivable. Beg. Of year amount: 1,214. End of year amount: 2,233.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accrued expenses. Beg. Of year amount: 11,833. End of year amount: 11,207. Description: accounts payable. Beg. Of year amount: 5,058. End of year amount: 1,479.

Raw XML Appendix163 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.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT/CEO/DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CFO/DIRECTOR
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IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE 1) EDUCATIONAL OPPORTUNITIES FOR PROSPECTIVE AND ENROLLED STUDENTS OF WEST COAST UNIVERSITY ("WCU"), A COLLEGE LEVEL EDUCATIONAL ORGANIZATION OPERATED BY WEST COAST UNIVERSITY, INC., THROUGH TUITION ASSISTANCE INCLUDING, BUT NOT LIMITED TO, SCHOLARSHIPS AND GRANTS; 2) TUITION ASSISTANCE, THE ORGANIZATION'S FUNDS WILL BE USED TO PROVIDE CHARITABLE SUPPORT THROUGH DONATIONS OF FUNDS, EQUIPMENT, SUPPLIES AND TRAINING OPPORTUNITIES TO WCU'S COMMUNITY PARTNERS; AND 3) HEALTH CARE SUPPORT TO UNDERSERVED COMMUNITIES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: SCHOLARSHIPS (44 RECIPIENTS). GRANTEE NAME: 44 RECIPIENTS. DATE OF GIFT: 12/31/22. AMOUNT GIVEN: 64,884.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: SUPPLIES. AMOUNT: 2,771.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 677. END OF YEAR AMOUNT: 677. DESCRIPTION: CONTRIBUTIONS RECEIVABLE. BEG. OF YEAR AMOUNT: 1,214. END OF YEAR AMOUNT: 2,233.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 11,833. END OF YEAR AMOUNT: 11,207. DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 5,058. END OF YEAR AMOUNT: 1,479.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum09497834800
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WEST COAST UNIVERSITY FOUNDATION
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ReturnHeader/Filer/EIN0455500721
ReturnHeader/Filer/PhoneNum09497834800
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ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KATHERINE M NEIL
ReturnHeader/ReturnTs02023-11-02T15:23:19-05:00
ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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Filings