Civic Intelligence

Pacific States University

990 • Fiscal year 2022 • EIN 95-1744370

Oct 01, 2021 to Sep 30, 2022 • Filed on Jun 25, 2022

Organization ProfileWWW.PSUCA.EDU
3424 Wilshire Blvd 12th FloorLos Angeles, CA 90010

(323) 731-2383

Siviq Scores

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

Liabilities / Assets

89th percentile

0.58x

Higher debt load relative to assets than 89% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

93rd percentile

1.48x

Higher debt load relative to revenue than 93% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

3rd percentile

-160%

Higher net margin than 3% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

89th percentile

$105,072

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 30.4% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

22nd percentile

-9.6%

Faster asset growth than 22% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

4th percentile

-70%

Faster revenue growth than 4% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$883,713

Down $94,205 (-9.6%) from 2021

Net Assets

Down

$372,313

Down $553,274 (-60%) from 2021

Liabilities

Up

$511,400

Up $459,069 (+877%) from 2021

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin3rd percentile

Revenue

Down

$345,992

Down $803,592 (-70%) from 2021

Expenses

Down

$899,266

Down $63,318 (-6.6%) from 2021

Net Income

Down

-$553,274

Down $740,274 (-396%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $4,034,598Liabilities 2011: $1,702,500Net Assets 2011: $2,332,0982011Assets 2012: $3,247,541Liabilities 2012: $1,119,136Net Assets 2012: $2,128,4052012Assets 2013: $4,173,186Liabilities 2013: $1,015,674Net Assets 2013: $3,157,5122013Assets 2014: $4,608,164Liabilities 2014: $1,393,451Net Assets 2014: $3,214,7132014Assets 2015: $4,648,339Liabilities 2015: $1,386,999Net Assets 2015: $3,261,3402015Assets 2016: $3,678,965Liabilities 2016: $753,334Net Assets 2016: $2,925,6312016Assets 2017: $3,036,960Liabilities 2017: $574,214Net Assets 2017: $2,462,7462017Assets 2018: $2,715,225Liabilities 2018: $1,077,455Net Assets 2018: $1,637,7702018Assets 2019: $1,424,825Liabilities 2019: $75,838Net Assets 2019: $1,348,9872019Assets 2021: $977,918Liabilities 2021: $52,331Net Assets 2021: $925,5872021Assets 2022: $883,713Liabilities 2022: $511,400Net Assets 2022: $372,3132022Assets 2023: $1,620,892Liabilities 2023: $1,619,758Net Assets 2023: $1,1342023Assets 2024: $1,886,298Liabilities 2024: $1,581,098Net Assets 2024: $305,2002024

Highlighted filing

2022

Assets$883,713
Liabilities$511,400
Net Assets$372,313
Open 2022 Filing

Operations Trend

Revenue Growth4th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $2,774,509Expenses 2011: $2,771,774Net Income 2011: $2,7352011Revenue 2012: $2,237,015Expenses 2012: $2,442,164Net Income 2012: -$205,1492012Expenses 2013: $2,683,8192013Revenue 2014: $2,721,432Expenses 2014: $2,668,732Net Income 2014: $52,7002014Revenue 2015: $2,559,048Expenses 2015: $2,515,155Net Income 2015: $43,8932015Revenue 2016: $2,011,463Expenses 2016: $2,347,173Net Income 2016: -$335,7102016Revenue 2017: $1,698,369Expenses 2017: $2,161,254Net Income 2017: -$462,8852017Revenue 2018: $633,229Expenses 2018: $1,458,205Net Income 2018: -$824,9762018Revenue 2019: $1,137,527Expenses 2019: $1,426,310Net Income 2019: -$288,7832019Revenue 2021: $1,149,584Expenses 2021: $962,584Net Income 2021: $187,0002021Revenue 2022: $345,992Expenses 2022: $899,266Net Income 2022: -$553,2742022Revenue 2023: $595,108Expenses 2023: $934,848Net Income 2023: -$339,7402023Revenue 2024: $1,172,455Expenses 2024: $878,547Net Income 2024: $293,9082024

Highlighted filing

2022

Revenue$345,992
Expenses$899,266
Net Income-$553,274
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Jun 25, 2022
Return Version
2021v4.1
Gross Receipts
$345,992
Mission and Program Overview

Mission

Psu's mission is to be an integrated professional institution of higher learning that provides (1) knowledge and skill acquisition; (2) effective application; and (3) values and behaviors that are essential to function in the ever-changing global environment. Graduates will be prepared to contribute effectively and ethically as leaders in the contemporary dynamic business world.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$787,699$718,490▼ $69,209
Land, Buildings, and Equipment, Net$128,919$124,576▼ $4,343
Accounts Receivable$35,826$33,422▼ $2,404
Prepaid Expenses and Deferred Charges$1,249$0▼ $1,249
Total Assets$977,918$883,713▼ $94,205
Other Assets Total$24,225$7,225▼ $17,000
Liabilities
Mortgage Notes Payable Secured by Investment Property-$499,900-
Deferred Revenue$48,729$9,500▼ $39,229
Accounts Payable and Accrued Expenses$3,064$2,000▼ $1,064
Other Liabilities$538$0▼ $538
Total Liabilities$52,331$511,400▲ $459,069
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$925,587$372,313▼ $553,274
Total Net Assets Fund Balance$925,587$372,313▼ $553,274
Total Liabilities and Net Assets / Fund Balance$977,918$883,713▼ $94,205

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0--
Land$0--
Equipment$14,340$371,464-
Leasehold Improvements$110,236--
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Matthew ShinPresident & Chief Executive OfficerFT$105,072$105,072
Moonsik KimChief Financial Officer & SecretaryPT$54,621$54,621

Board Members and Trustees

NameTitle
Ja Eun YooChairperson
Jong Pil WonBoard Member
Sang Ho MoonBoard Member
Soyoung LeeBoard Member
Whangi KimBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$15,500
Program Service Revenue
$330,492
Investment Income
$0
Other Revenue
$0
All Other Contributions
$15,500
Change in Net Assets
$-553,274
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$485,815
Salaries, Compensation, and Employee Benefits$413,451
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$241,065$29,716$0$270,781
Current Officers, Directors, Trustees, and Key Employees$0$222,908$0$222,908
Other Salaries and Wages$75,957$109,010$0$184,967
Insurance$13,882$28,877$0$42,759
Office Expenses$29,960$0$0$29,960
Advertising$27,144$0$0$27,144
All Other Expenses$6,090$19,848$0$25,938
Fees for Services Other$22,000$0$0$22,000
Fees for Services Accounting$0$12,900$0$12,900
Conferences and Meetings$7,569$0$0$7,569
Other Expenses$6,717$0$0$6,717
Depreciation Depletion$6,423$0$0$6,423
Fees for Services Legal$0$5,971$0$5,971
Payroll Taxes$556$5,020$0$5,576
Total Functional Expenses$465,016$434,250$0$899,266
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
Income Tax Payable$0
Payroll Tax Payable$0
Ppp Loan$0
Accrued Expenses$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Filing and Contact Details

Filer

Filer Name
Pacific States University
EIN
95-1744370
Phone
3237312383
Address
3424 WILSHIRE BLVD 12TH FLOOR, LOS ANGELES, CA 90010

Signing Officer

Name
Matthew Shin
Title
President
Phone
3237312383
Signed
2022-06-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Shin
Formed
1940
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
20
Volunteers
0

Preparer

Firm
Kii & Company Inc
Address
735 GRAMERCY DR UN 201, LOS ANGELES, CA 90005
Preparer
Young K Kim
Phone
2133155505
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Organization's Process to Review Form 990: FORM 990 IS REVIEWED BY GOVERNING BOARD PRIOR TO FILING”

Pt VI, Line 18

“No Public Disclosure Explanation: ORGANIZATION'S DOCUMENTS ARE AVAILABLE UPON REQUEST AND THROUGH GUIDESTAR.ORG”

Pt VI, Line 19

“Governing Documents Disclosure Explanation: No documents available to the public”

Other

“Organization's Mission:”

Other

“PSU's MISSION IS TO BE AN INTEGRATED PROFESSIONAL INSTITUTION OF HIGHER LEARNING THAT PROVIDES (1) KNOWLEDGE AND SKILL ACQUISITION; (2) EFFECTIVE APPLICATION; AND (3) VALUES AND BEHAVIORS THAT ARE ESSENTIAL TO FUNCTION IN THE EVER-CHANGING GLOBAL ENVIRONMENT. GRADUATES WILL BE PREPARED TO CONTRIBUTE EFFECTIVELY AND ETHICALLY AS LEADERS IN THE CONTEMPORARY DYNAMIC BUSINESS WORLD.”

Raw XML AppendixShowing 400 of 424 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/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
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IRS990/PYOtherRevenueAmt0311516
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IRS990/PYRevenuesLessExpensesAmt0187000
IRS990/PYSalariesCompEmpBnftPaidAmt0520177
IRS990/PYTotalExpensesAmt0962584
IRS990/PYTotalRevenueAmt01149584
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IRS990/ReconcilationRevenueExpnssAmt0-553274
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0325374
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IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt014340
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0371464
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0385804
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0110236
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0110236
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt10
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt20
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt30
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INCOME TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PPP LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED EXPENSES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0124576
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
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IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
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IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Organization's Process to Review Form 990: FORM 990 IS REVIEWED BY GOVERNING BOARD PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No Public Disclosure Explanation: ORGANIZATION'S DOCUMENTS ARE AVAILABLE UPON REQUEST AND THROUGH GUIDESTAR.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing Documents Disclosure Explanation: No documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Organization's Mission:
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0465016
IRS990/TotalFunctionalExpensesGrp/TotalAmt0899266
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IRS990/TotalProgramServiceExpensesAmt0465016
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IRS990/TotalReportableCompFromOrgAmt0159693
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0330492
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0345992
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/VotingMembersGoverningBodyCnt06
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IRS990/WebsiteAddressTxt0WWW.PSUCA.EDU
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MATTHEW SHIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03237312383
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-25

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$883,713
Liabilities
$511,400
Net assets
$372,313
Revenue
$345,992
Expenses
$899,266
Net income
-$553,274
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.89$1.58$0.31$1.17$0.88$0.29
2023Detailed filing. Detailed filing data is available for this year.$1.62$1.62$0.00$0.60$0.93$0.34
2022Detailed filing. Detailed filing data is available for this year.$0.88$0.51$0.37$0.35$0.90$0.55
2021Detailed filing. Detailed filing data is available for this year.$0.98$0.05$0.93$1.15$0.96$0.19
2019Detailed filing. Detailed filing data is available for this year.$1.42$0.08$1.35$1.14$1.43$0.29
2018Detailed filing. Detailed filing data is available for this year.$2.72$1.08$1.64$0.63$1.46$0.82
2017Detailed filing. Detailed filing data is available for this year.$3.04$0.57$2.46$1.70$2.16$0.46
2016Detailed filing. Detailed filing data is available for this year.$3.68$0.75$2.93$2.01$2.35$0.34
2015Detailed filing. Detailed filing data is available for this year.$4.65$1.39$3.26$2.56$2.52$0.04
2014Detailed filing. Detailed filing data is available for this year.$4.61$1.39$3.21$2.72$2.67$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.17$1.02$3.16$2.68
2012Summary only. Only limited summary data is available for this year.$3.25$1.12$2.13$2.24$2.44$0.21
2011Summary only. Only limited summary data is available for this year.$4.03$1.70$2.33$2.77$2.77$0.00