Civic Intelligence

Merit University

990 • Fiscal year 2023 • EIN 46-4760167

Jan 01, 2023 to Dec 31, 2023 • Filed on May 15, 2024

Organization Profile
3699 Wilshire Blvd Suite 970Los Angeles, CA 90010

(213) 325-2760

Siviq Scores

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

Liabilities / Assets

69th percentile

0.02x

Higher debt load relative to assets than 69% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

73rd percentile

0.02x

Higher debt load relative to revenue than 73% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

54th percentile

5.4%

Higher net margin than 54% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

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

Source year 2023

Revenue Growth

Score unavailable

No value available

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

Source year 2023

Balance Sheet
Liabilities / Assets69th percentile

Assets

$437,920

No earlier filing loaded for comparison.

Net Assets

$430,412

No earlier filing loaded for comparison.

Liabilities

$7,508

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin54th percentile

Revenue

$307,449

No earlier filing loaded for comparison.

Expenses

$290,907

No earlier filing loaded for comparison.

Net Income

$16,542

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$600K$400K$200K$0Assets 2023: $437,920Liabilities 2023: $7,508Net Assets 2023: $430,4122023Assets 2025: $459,895Liabilities 2025: $7,268Net Assets 2025: $452,6272025

Highlighted filing

2023

Assets$437,920
Liabilities$7,508
Net Assets$430,412
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$300K$200K$100K$0Revenue 2023: $307,449Expenses 2023: $290,907Net Income 2023: $16,5422023Revenue 2025: $142,531Expenses 2025: $82,337Net Income 2025: $60,1942025

Highlighted filing

2023

Revenue$307,449
Expenses$290,907
Net Income$16,542
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 15, 2024
Return Version
2023v6.0
Gross Receipts
$307,449
Mission and Program Overview

Mission

Providing diverse groups of foreign and domestic students with an affordable higher-education experience of private postsecondary education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$156,391$154,701▼ $1,690
Savings and Temporary Cash Investments$100,350$101,153▲ $803
Prepaid Expenses and Deferred Charges$22,786$35,269▲ $12,483
Land, Buildings, and Equipment, Net$1,135$2,766▲ $1,631
Total Assets$422,189$437,920▲ $15,731
Other Assets Total$141,527$144,031▲ $2,504
Liabilities
Other Liabilities$6,239$7,508▲ $1,269
Deferred Revenue$2,080--
Total Liabilities$8,319$7,508▼ $811
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$413,870$430,412▲ $16,542
Total Net Assets Fund Balance$413,870$430,412▲ $16,542
Total Liabilities and Net Assets / Fund Balance$422,189$437,920▲ $15,731

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$53,760-$53,760
Equipment$-50,994$50,994-
Other Assets Org$800--
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
-President
Revenue and Support

Revenue Composition

Contributions and Grants
$173,272
Program Service Revenue
$133,054
Investment Income
$1,123
Other Revenue
$0
All Other Contributions
$173,272
Change in Net Assets
$16,542
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$149,273
Salaries, Compensation, and Employee Benefits$141,634
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$29,992$100,408-$130,400
Occupancy$77,977$21,722-$99,699
Fees for Services Other$15,906$5,814-$21,720
Insurance$4,278$8,304-$12,582
Payroll Taxes$2,584$8,650-$11,234
Information Technology$2,970$1,599-$4,569
Fees for Services Accounting$1,750$1,750-$3,500
Office Expenses$741$1,730-$2,471
Advertising$2,197--$2,197
Depreciation Depletion$1,438--$1,438
Travel$761--$761
Payment Travel Entrtnmnt Publicly Ofcl$101$235-$336
Total Functional Expenses$140,695$150,212$0$290,907
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Tax Payable$4,009
Credit Card Payable$3,076
Tax Payable$423
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
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, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Merit University
EIN
46-4760167
Phone
2133252760
Address
3699 WILSHIRE BLVD SUITE 970, LOS ANGELES, CA 90010

Signing Officer

Name
Jae Duk Kim
Title
President
Phone
2133252760
Signed
2024-05-15

Organization Details

Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
9

Preparer

Firm
Hyj CPA
Address
507 W ROSARITA DR, FULLERTON, CA 92835-1838
Preparer
Yoon J Hwang
Phone
7142726840
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Supporting of degree programs”

Raw XML Appendix300 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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ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-07-31T12:01:02-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$437,920
Liabilities
$7,508
Net assets
$430,412
Revenue
$307,449
Expenses
$290,907
Net income
$16,542
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.60$0.07$4.53$1.43$0.82$0.60
2023Detailed filing. Detailed filing data is available for this year.$4.38$0.08$4.30$3.07$2.91$0.17