Civic Intelligence

International Technological University Foundation

990 • Fiscal year 2017 • EIN 94-2955205

Jul 01, 2016 to Jun 30, 2017 • Filed on May 14, 2018

Organization Profilewww.itu.edu

View Organization Page

2711 North 1st StreetSan Jose, CA 95134

(888) 488-4968

Siviq Scores

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

Liabilities / Assets

61st percentile

0.34x

Higher debt load relative to assets than 61% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

66th percentile

0.46x

Higher debt load relative to revenue than 66% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

16th percentile

-9.8%

Higher net margin than 16% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

86th percentile

$373,170

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

9th percentile

-8.1%

Faster asset growth than 9% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

26th percentile

-3.4%

Faster revenue growth than 26% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$19,821,521

Down $1,739,616 (-8.1%) from 2016

Net Assets

Down

$13,045,746

Down $1,452,462 (-10%) from 2016

Liabilities

Down

$6,775,775

Down $287,154 (-4.1%) from 2016

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin16th percentile

Revenue

Down

$14,860,854

Down $515,608 (-3.4%) from 2016

Expenses

Down

$16,314,323

Down $767,923 (-4.5%) from 2016

Net Income

Up

-$1,453,469

Up $252,315 (+15%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$30M$20M$10M$0-$10MAssets 2010: $7,512,923Liabilities 2010: $327,535Net Assets 2010: $7,185,3882010Assets 2011: $9,923,709Liabilities 2011: $1,330,040Net Assets 2011: $8,593,6692011Assets 2012: $9,982,840Liabilities 2012: $1,939,128Net Assets 2012: $8,043,7122012Assets 2013: $8,382,199Liabilities 2013: $3,215,657Net Assets 2013: $5,166,5422013Assets 2014: $17,004,448Liabilities 2014: $5,216,804Net Assets 2014: $11,787,6442014Assets 2015: $23,660,352Liabilities 2015: $7,456,360Net Assets 2015: $16,203,9922015Assets 2016: $21,561,137Liabilities 2016: $7,062,929Net Assets 2016: $14,498,2082016Assets 2017: $19,821,521Liabilities 2017: $6,775,775Net Assets 2017: $13,045,7462017Assets 2018: $14,754,005Liabilities 2018: $5,904,097Net Assets 2018: $8,849,9082018Assets 2019: $6,167,910Liabilities 2019: $5,446,147Net Assets 2019: $721,7632019Assets 2020: $4,352,838Liabilities 2020: $5,194,265Net Assets 2020: -$841,4272020Assets 2021: $4,152,932Liabilities 2021: $3,281,399Net Assets 2021: $871,5332021Assets 2022: $2,284,062Liabilities 2022: $1,313,871Net Assets 2022: $970,1912022Assets 2023: $7,801,413Liabilities 2023: $7,791,557Net Assets 2023: $9,8562023Assets 2024: $7,971,393Liabilities 2024: $2,393,007Net Assets 2024: $5,578,3862024

Highlighted filing

2017

Assets$19,821,521
Liabilities$6,775,775
Net Assets$13,045,746
Open 2017 Filing

Operations Trend

Revenue Growth26th percentile

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

$30M$20M$10M$0-$10MExpenses 2010: $6,366,7632010Expenses 2011: $8,309,7682011Revenue 2012: $4,324,427Expenses 2012: $4,874,384Net Income 2012: -$549,9572012Revenue 2013: $7,758,194Expenses 2013: $10,635,364Net Income 2013: -$2,877,1702013Revenue 2014: $18,208,787Expenses 2014: $11,587,685Net Income 2014: $6,621,1022014Revenue 2015: $20,436,515Expenses 2015: $16,020,167Net Income 2015: $4,416,3482015Revenue 2016: $15,376,462Expenses 2016: $17,082,246Net Income 2016: -$1,705,7842016Revenue 2017: $14,860,854Expenses 2017: $16,314,323Net Income 2017: -$1,453,4692017Revenue 2018: $12,031,692Expenses 2018: $16,227,530Net Income 2018: -$4,195,8382018Revenue 2019: $6,823,915Expenses 2019: $14,952,060Net Income 2019: -$8,128,1452019Revenue 2020: $7,858,475Expenses 2020: $9,421,663Net Income 2020: -$1,563,1882020Revenue 2021: $6,203,630Expenses 2021: $4,473,570Net Income 2021: $1,730,0602021Revenue 2022: $3,665,784Expenses 2022: $3,627,294Net Income 2022: $38,4902022Revenue 2023: $6,680,100Expenses 2023: $5,665,319Net Income 2023: $1,014,7812023Revenue 2024: $5,934,362Expenses 2024: $2,705,577Net Income 2024: $3,228,7852024

Highlighted filing

2017

Revenue$14,860,854
Expenses$16,314,323
Net Income-$1,453,469
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.0
Gross Receipts
$14,860,854
Mission and Program Overview

Mission

Pioneers a modern, industry-focused model to deliver education globally. Cultivates innovative thinking, ethical leadership, and entrepreneurial spirit through practical, industry relevant curriculum that reflects silicon valleys culture.

Pioneers a modern, industry-focused model to deliver education globally. Cultivates innovative thinking, ethical leadership, and entrepreneurial spirit through practical, industry relevant curriculum that reflects silicon valley's culture.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,302,258$6,834,329▲ $3,532,071
Land, Buildings, and Equipment, Net$5,300,986$4,836,662▼ $464,324
Cash and Non-Interest-Bearing Accounts$9,587,925$4,080,175▼ $5,507,750
Intangible Assets$2,590,835$3,166,544▲ $575,709
Prepaid Expenses and Deferred Charges$391,862$589,401▲ $197,539
Accounts Receivable$300,998$299,990▼ $1,008
Other Notes and Loans Receivable, Net$19,940$0▼ $19,940
Total Assets$21,561,137$19,821,521▼ $1,739,616
Other Assets Total$66,333$14,420▼ $51,913
Liabilities
Other Liabilities$4,008,816$3,883,024▼ $125,792
Deferred Revenue$2,239,026$1,968,529▼ $270,497
Accounts Payable and Accrued Expenses$815,087$924,222▲ $109,135
Total Liabilities$7,062,929$6,775,775▼ $287,154
Net Assets / Fund Balance
Unrestricted Net Assets$14,430,018$13,044,085▼ $1,385,933
Temporarily Rstr Net Assets$68,190$1,661▼ $66,529
Total Net Assets Fund Balance$14,498,208$13,045,746▼ $1,452,462
Total Liabilities and Net Assets / Fund Balance$21,561,137$19,821,521▼ $1,739,616

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$4,136,795$986,737$5,123,532
Equipment$699,867$1,199,898$1,899,765
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Gregory O'brienPresident & CEOFT$360,000$13,170$373,170
Edward LamCFOFT$173,708$8,074$181,782
Karl WangVP of Technology and ResearchFT$156,916$22,052$178,968
Kranthi LammathaDirector of Information TechnologyFT$131,689$10,629$142,318
Dr Barry RyanProvost & VP OF ACADEMIC AFFAIRSFT$120,817$18,215$139,032
May HuangDirector of Asia DevelopmentFT$130,534$1,204$131,738
Leslie AndersonDirector of Human ResourcesFT$103,781$19,231$123,012
Charles AmithDirector of Marketing & AdmissionFT$112,804$7,502$120,306
Angie LoBoard LiasonFT$103,319$4,797$108,116

Board Members and Trustees

NameTitle
Dr Chi HsiehChair of Board
Dr Alvin CheungVice Chair of Board
Dr Thomas GoldTrustee
Dr Bharshar KuraSecretary
Ivan ChanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Morrison & Foerster LLPLegal ServicePO Box 742335, Los Angeles, CA 90074$1,025,418
Taso Du Wai Dba Toptal LLCIt Consultant238 RAMONA ST, Palo Alto, CA 94301$474,224
David W JohnsonLegal ServicePO Box 60310, Palo Alto, CA 94306$473,786
Gerald CoryRIGHTS OVER Intellectual PROPERTYPO BOX 274, Silver Springs, NV 89429$250,000
Revenue and Support

Revenue Composition

Contributions and Grants
$2,816
Program Service Revenue
$14,840,756
Investment Income
$17,282
Other Revenue
$0
All Other Contributions
$2,816
Change in Net Assets
$-1,453,469
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,719,395
Other Expenses$7,253,965
Grants and Similar Amounts Paid$340,963
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,759,824$1,868,059-$6,627,883
Occupancy$1,130,955$565,478-$1,696,433
Depreciation Depletion$756,103$378,051-$1,134,154
Fees for Services Legal$9,777$1,090,119-$1,099,896
Current Officers, Directors, Trustees, and Key Employees$307,645$673,318-$980,963
Fees for Services Other$260,911$475,234-$736,145
Information Technology$423,600$211,800-$635,400
Other Employee Benefits$375,449$186,634-$562,083
Payroll Taxes$366,354$182,112-$548,466
All Other Expenses$350,491$150,119-$500,610
Grants to Domestic Individuals$325,943--$325,943
Office Expenses$216,201$92,656-$308,857
Advertising$228,553$16,887-$245,440
Travel$37,084$70,606-$107,690
Fees for Services Accounting-$101,866-$101,866
Insurance$54,520$23,366-$77,886
Other Expenses$72,547$291,293-$72,547
Conferences and Meetings$32,655$13,093-$45,748
Foreign Grants$15,000--$15,000
Grants to Domestic Orgs$20--$20
Total Functional Expenses$9,923,632$6,390,691$0$16,314,323
International Activity

International Summary

Offices
1
Employees
5
Spending
$80,916

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram servicesProduction11$59,506
East Asia and the PacificProgram servicesGrants for joint research-1$15,000
Russia and Neighboring StatesProgram servicesStudent Recruitment-1$3,000
east Asia and the Pacificprogram servicesStudent Recruitment-1$2,000
eAst Asia and the PacificProgram ServicesProfessional Fees-1$1,410
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
Deferred Rent$3,617,637
Student Union Fund$265,387
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“Tax return is sent to the finance committee for review and recommendation. Return will then be sent to all members of the board of trustees for review and comments, and approved by the board of trustees before filing.”

Form 990, Part VI, Section B, line 12C

“Members of the board of trustees and key officers are given a conflict of interest disclosure form and policy and will review together during the annual board meeting held in June.”

Form 990, Part VI, Section B, line 15

“Payscale report provided by hr and/or by comparing executive compensation with other universities and organizations, and ceo's salary approved by board of trustees and other top management's salary by the ceo.”

Form 990, Part VI, Section C, line 19

“The governing documents, conflict of interest policy and financial statements are not available to the public.”

Filing and Contact Details

Filer

Filer Name
International Technological University
EIN
94-2955205
Phone
8884884968
Address
2711 North 1st Street, San Jose, CA 95134

Signing Officer

Name
Edward Lam
Title
CFO
Phone
8884884968
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory O'Brien
Formed
1984
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
5
Employees
256
Volunteers
6

Preparer

Firm
Moss Adams LLP
Address
3121 West March Lane Suite 200, Stockton, CA 95219
Preparer
Tracy S Paglia
Phone
2099556100
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Net Asset Transfer from ITU (HK) LTD. 1,007.”

Financial Statement Notes

Part X, Line 2:

“The University is a nonprofit organization. The University qualifies for exemption from income taxation under Section 501(c)(3) of the Internal Revenue Code. The University is also exempt from taxation under corresponding sections of the California Revenue and Taxation Code Section 23701(d). Accordingly, no provision for income taxes has been made. The University recognizes and measures tax benefits taken or expected to be taken in an unrelated business activity tax return and discloses any uncertainties in tax positions. The University had no unrecognized tax benefits at June 30, 2017 and June 30, 2016. The University files an exempt organization tax return in the United States and the state of California.”

Raw XML AppendixShowing 400 of 664 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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IRS990/ActivityOrMissionDesc0PIONEERS A MODERN, INDUSTRY-FOCUSED MODEL TO DELIVER EDUCATION GLOBALLY. CULTIVATES INNOVATIVE THINKING, ETHICAL LEADERSHIP, AND ENTREPRENEURIAL SPIRIT THROUGH PRACTICAL, INDUSTRY RELEVANT CURRICULUM THAT REFLECTS SILICON VALLEY'S CULTURE.
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IRS990/Desc0ITU PROVIDES GRADUATE DEGREE PROGRAMS AT THE MASTER'S LEVEL (MS) IN Computer Science, SOFTWARE/COMPUTER ENGINEERING (SE/CE), ELECTRICAL ENGINEERING (EE), DIGITAL ARTS, DIGITAL MEDIA MANAGEMENT, AND ENGINEERING MANAGEMENT. ITU ALSO OFFERS THE MASTER'S OF BUSINESS ADMINISTRATION (MBA) WITH CONCENTRATIONS IN AREA OF MANAGEMENT, ACCOUNTING, FINANCE, MARKETING, INTERNATIONAL BUSINESS, INFORMATION SYSTEMS MANAGEMENT, BIO-MANAGEMENT, HEALTHCARE MANAGEMENT, ENTERPRISE RESOURCE PLANNING, AND GENERAL MBA. The University offers a doctoral program in electrical engineering, a doctoral program in business administration, and a doctor of philosophy program in interdisciplinary sciences.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt111204
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt127502
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1319231
IRS990/Form990PartVIISectionAGrp/PersonNm0DR CHI HSIEH
IRS990/Form990PartVIISectionAGrp/PersonNm1DR ALVIN CHEUNG
IRS990/Form990PartVIISectionAGrp/PersonNm2DR BHARSHAR KURA
IRS990/Form990PartVIISectionAGrp/PersonNm3IVAN CHAN
IRS990/Form990PartVIISectionAGrp/PersonNm4DR THOMAS GOLD
IRS990/Form990PartVIISectionAGrp/PersonNm5Dr Gregory O'brien
IRS990/Form990PartVIISectionAGrp/PersonNm6EDWARD LAM
IRS990/Form990PartVIISectionAGrp/PersonNm7Dr Barry Ryan
IRS990/Form990PartVIISectionAGrp/PersonNm8Angie Lo
IRS990/Form990PartVIISectionAGrp/PersonNm9Karl Wang
IRS990/Form990PartVIISectionAGrp/PersonNm10Kranthi Lammatha
IRS990/Form990PartVIISectionAGrp/PersonNm11MAY HUANG
IRS990/Form990PartVIISectionAGrp/PersonNm12Charles Amith
IRS990/Form990PartVIISectionAGrp/PersonNm13Leslie Anderson
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5373170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6173833
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7120817
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8103319
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9168041
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10131689
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11130534
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12112804
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13103781
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair of Board
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair of Board
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt6CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt7Provost & VP OF ACADEMIC AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Liason
IRS990/Form990PartVIISectionAGrp/TitleTxt9VP of Technology and Research
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director of Information Technology
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR OF ASIA DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director of Marketing & Admission
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director of Human Resources
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01984
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantAmt0340963
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0325943
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0325943
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt020
IRS990/GrantsToDomesticOrgsGrp/TotalAmt020
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt014860854
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt013
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0211800
IRS990/InformationTechnologyGrp/ProgramServicesAmt0423600
IRS990/InformationTechnologyGrp/TotalAmt0635400
IRS990/InsuranceGrp/ManagementAndGeneralAmt023366
IRS990/InsuranceGrp/ProgramServicesAmt054520
IRS990/InsuranceGrp/TotalAmt077886
IRS990/IntangibleAssetsGrp/BOYAmt02590835
IRS990/IntangibleAssetsGrp/EOYAmt03166544
IRS990/InvestmentIncomeGrp/ExclusionAmt017282
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt017282
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt044
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02186635
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05300986
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04836662
IRS990/LandBldgEquipCostOrOtherBssAmt07023297
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Pioneers a modern, Industry-focused model to deliver education globally. Cultivates innovative thinking, ethical leadership, and entrepreneurial spirit through practical, industry relevant curriculum that reflects Silicon Valley's culture.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd01
IRS990/NetAssetsOrFundBalancesBOYAmt014498208
IRS990/NetAssetsOrFundBalancesEOYAmt013045746
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0565478
IRS990/OccupancyGrp/ProgramServicesAmt01130955
IRS990/OccupancyGrp/TotalAmt01696433
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt092656
IRS990/OfficeExpensesGrp/ProgramServicesAmt0216201
IRS990/OfficeExpensesGrp/TotalAmt0308857
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt066333
IRS990/OtherAssetsTotalGrp/EOYAmt014420
IRS990/OtherChangesInNetAssetsAmt01007
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0186634
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0375449
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0562083
IRS990/OtherExpensesGrp/Desc0Bank Merchant Fee
IRS990/OtherExpensesGrp/Desc1Allowance for Doubtful
IRS990/OtherExpensesGrp/Desc2Student Events and Job
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0291293
IRS990/OtherExpensesGrp/ProgramServicesAmt0200000
IRS990/OtherExpensesGrp/ProgramServicesAmt172547
IRS990/OtherExpensesGrp/TotalAmt0291293
IRS990/OtherExpensesGrp/TotalAmt1200000
IRS990/OtherExpensesGrp/TotalAmt272547
IRS990/OtherLiabilitiesGrp/BOYAmt04008816
IRS990/OtherLiabilitiesGrp/EOYAmt03883024
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01868059
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04759824
IRS990/OtherSalariesAndWagesGrp/TotalAmt06627883
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt019940
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0182112
IRS990/PayrollTaxesGrp/ProgramServicesAmt0366354
IRS990/PayrollTaxesGrp/TotalAmt0548466
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0391862
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0589401
IRS990/PrincipalOfficerNm0Gregory O'Brien
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Tuition and FEES
IRS990/ProgramServiceRevenueGrp/Desc1Service Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt013306120
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11534636
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013306120
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11534636
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt028
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0490593
IRS990/PYInvestmentIncomeAmt012326
IRS990/PYOtherExpensesAmt07428821
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt015364108
IRS990/PYRevenuesLessExpensesAmt0-1705784
IRS990/PYSalariesCompEmpBnftPaidAmt09162832
IRS990/PYTotalExpensesAmt017082246
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt015376462
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1453469
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt014840756
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03302258
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06834329
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0699867
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01199898
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01899765
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04136795
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0986737
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt05123532
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0265387
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13617637
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0STUDENT UNION FUND
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Rent
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The University is a nonprofit organization. The University qualifies for exemption from income taxation under Section 501(c)(3) of the Internal Revenue Code. The University is also exempt from taxation under corresponding sections of the California Revenue and Taxation Code Section 23701(d). Accordingly, no provision for income taxes has been made. The University recognizes and measures tax benefits taken or expected to be taken in an unrelated business activity tax return and discloses any uncertainties in tax positions. The University had no unrecognized tax benefits at June 30, 2017 and June 30, 2016. The University files an exempt organization tax return in the United States and the state of California.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04836662
IRS990ScheduleD/TotalLiabilityAmt03883024
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NONDISCRIMINATORY POLICY IS PUBLISHED ON THE ORGANIZATION'S WEBSITE AND PUBLISHED ON THE SAN JOSE MERCURY NEWS DURING REGISTRATION WEEKS FOR SPRING ONCE A YEAR.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt11
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt21

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,821,521
Liabilities
$6,775,775
Net assets
$13,045,746
Revenue
$14,860,854
Expenses
$16,314,323
Net income
-$1,453,469
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.97$2.39$5.58$5.93$2.71$3.23
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.80$7.79$0.01$6.68$5.67$1.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.28$1.31$0.97$3.67$3.63$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.15$3.28$0.87$6.20$4.47$1.73
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.35$5.19$0.84$7.86$9.42$1.56
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.17$5.45$0.72$6.82$15.0$8.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.8$5.90$8.85$12.0$16.2$4.20
2017Detailed filing. Detailed filing data is available for this year.$19.8$6.78$13.0$14.9$16.3$1.45
2016Detailed filing. Detailed filing data is available for this year.$21.6$7.06$14.5$15.4$17.1$1.71
2015Detailed filing. Detailed filing data is available for this year.$23.7$7.46$16.2$20.4$16.0$4.42
2014Detailed filing. Detailed filing data is available for this year.$17.0$5.22$11.8$18.2$11.6$6.62
2013Summary only. Only limited summary data is available for this year.$8.38$3.22$5.17$7.76$10.6$2.88
2012Summary only. Only limited summary data is available for this year.$9.98$1.94$8.04$4.32$4.87$0.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.92$1.33$8.59$8.31
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.51$0.33$7.19$6.37