Civic Intelligence

Shepherd University

990 • Fiscal year 2014 • EIN 95-4758519

Jul 01, 2013 to Jun 30, 2014 • Filed on May 14, 2015

Organization Profilewww.shepherduniversity.edu
3200 N San Fernando Rd90065

(323) 550-8888

Siviq Scores

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

Liabilities / Assets

79th percentile

0.65x

Higher debt load relative to assets than 79% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

85th percentile

1.57x

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

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

81st percentile

25%

Higher net margin than 81% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

14th percentile

$62,500

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

81st percentile

15%

Faster asset growth than 81% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

59th percentile

7.5%

Faster revenue growth than 59% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$23,628,016

Up $3,160,831 (+15%) from 2013

Net Assets

Up

$8,349,425

Up $2,411,987 (+41%) from 2013

Liabilities

Up

$15,278,591

Up $748,844 (+5.2%) from 2013

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin81st percentile

Revenue

Up

$9,741,608

Up $676,470 (+7.5%) from 2013

Expenses

Up

$7,329,621

Up $137,211 (+1.9%) from 2013

Net Income

Up

$2,411,987

Up $539,259 (+29%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$30M$20M$10M$0Assets 2011: $5,056,687Liabilities 2011: $519,254Net Assets 2011: $4,537,4332011Assets 2012: $15,150,481Liabilities 2012: $8,681,772Net Assets 2012: $6,468,7092012Assets 2013: $20,467,185Liabilities 2013: $14,529,747Net Assets 2013: $5,937,4382013Assets 2014: $23,628,016Liabilities 2014: $15,278,591Net Assets 2014: $8,349,4252014Assets 2015: $15,935,519Liabilities 2015: $3,556,337Net Assets 2015: $12,379,1822015Assets 2016: $18,332,864Liabilities 2016: $4,499,902Net Assets 2016: $13,832,9622016

Highlighted filing

2014

Assets$23,628,016
Liabilities$15,278,591
Net Assets$8,349,425
Open 2014 Filing

Operations Trend

Revenue Growth59th percentile

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

$15M$10M$5.0M$0Revenue 2011: $8,537,054Expenses 2011: $7,251,228Net Income 2011: $1,285,8262011Expenses 2012: $7,291,2042012Revenue 2013: $9,065,138Expenses 2013: $7,192,410Net Income 2013: $1,872,7282013Revenue 2014: $9,741,608Expenses 2014: $7,329,621Net Income 2014: $2,411,9872014Revenue 2015: $13,078,914Expenses 2015: $8,813,766Net Income 2015: $4,265,1482015Revenue 2016: $11,916,173Expenses 2016: $10,491,606Net Income 2016: $1,424,5672016

Highlighted filing

2014

Revenue$9,741,608
Expenses$7,329,621
Net Income$2,411,987
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 14, 2015
Return Version
2013v4.0
Gross Receipts
$9,741,608
Mission and Program Overview

Mission

To operate a religious college and seminary

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$17,698,658$18,964,875▲ $1,266,217
Pledges and Grants Receivable$1,923,945$2,306,300▲ $382,355
Accounts Receivable$491,708$1,766,976▲ $1,275,268
Cash and Non-Interest-Bearing Accounts$261,400$422,824▲ $161,424
Prepaid Expenses and Deferred Charges$50,858$44,941▼ $5,917
Other Notes and Loans Receivable, Net$11,333--
Total Assets$20,467,185$23,628,016▲ $3,160,831
Other Assets Total$29,283$122,100▲ $92,817
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,018,510$11,673,576▲ $2,655,066
Other Liabilities$1,418,474$1,217,620▼ $200,854
Deferred Revenue$2,813,980$901,662▼ $1,912,318
Accounts Payable and Accrued Expenses$865,113$898,562▲ $33,449
Unsecured Notes Loans Payable$413,670$587,171▲ $173,501
Total Liabilities$14,529,747$15,278,591▲ $748,844
Net Assets / Fund Balance
Unrestricted Net Assets$5,937,438$8,349,425▲ $2,411,987
Total Net Assets Fund Balance$5,937,438$8,349,425▲ $2,411,987
Total Liabilities and Net Assets / Fund Balance$20,467,185$23,628,016▲ $3,160,831

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,307,958$465,319-
Other Land Buildings$808,335$1,370,885-
Land$4,992,550--
Equipment$2,856,032$1,916,909-
Leasehold Improvements-$1,258,384-
Other Assets Org$119,576--
Compensation and Service Providers
Top Officer Pay14th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Seong Yon LeeCEOFT$62,500$62,500
Steve H LeeSecretaryPT$6,000$6,000

Board Members and Trustees

NameTitle
Noah Sungback JinChairman
Hyun Jeong LeeCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$3,271,789
Program Service Revenue
$5,958,658
Investment Income
$1,821
Other Revenue
$509,340
All Other Contributions
$3,271,789
Change in Net Assets
$2,411,987

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,741,608
Total Revenue per Audited Statements
$9,741,608
Total Revenue per Form 990
$9,741,608
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,958,859
Salaries, Compensation, and Employee Benefits$2,370,762
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$1,180,021$1,549,103$0$2,729,124
Other Salaries and Wages$1,504,293$368,571$0$1,872,864
Depreciation Depletion$0$844,122$0$844,122
Interest$0$646,071$0$646,071
Advertising$0$351,713$0$351,713
Other Employee Benefits$0$248,660$0$248,660
Payroll Taxes$0$180,738$0$180,738
Insurance$0$103,990$0$103,990
Current Officers, Directors, Trustees, and Key Employees$68,500$0$0$68,500
Fees for Services Legal$0$50,785$0$50,785
Fees for Services Accounting$0$22,566$0$22,566
Office Expenses$0$8,777$0$8,777
Other Expenses$0$3,105$0$3,105
Travel$0$3,032$0$3,032
Total Functional Expenses$2,939,768$4,389,853$0$7,329,621

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,329,621
Total Expenses per Audited Statements$7,329,621
Total Expenses per Form 990$7,329,621
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
Obligations Under Capital Leases$1,118,785
Student Union$41,165
Payroll Tax Payable$26,965
Other Payable-employees$22,085
Prepaid Rent From Tenant$8,620
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
Filing and Contact Details

Filer

EIN
95-4758519
Phone
3235508888

Signing Officer

Name
Seong Yon Lee
Title
President
Phone
3235508888
Signed
2015-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Seong Yon Lee
Formed
1999
Legal Domicile
CA
Voting Board Members
15
Independent Board Members
14
Employees
128
Volunteers
30

Preparer

Preparer
Bw CPA Group
Phone
2133863060
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The financial committee reviews form 990 and present it to the board meeting. Once it is approved, the committee will fill it out and send it to a designated cpa for review and final tax filing.”

Pt VI, Line 12C

“The board conducts an annual evaluation to monitor and enforce compliance with the policy.”

Pt VI, Line 15B

“The board conducts an annual evaluation and determines compensation based on the comparability data collected through the evaluation.”

Pt VI, Line 19

“Upon request, the information would be presented to whoever wants to see them.”

Pt VI, Line 15A

“The board conducts an annual evaluation and determines compensation based on the comparability data collected through the evaluation.”

Form 990, Part IX, Line 24F

“Accreditation expese 77131. 77131. Bank service charge 15470. 15470. Consulting 37365. 37365. Credit card discount 24982. 24982. Equipment rental 14825. 2197. 12628. Event 15220. 15220. Graduation 3300. 3300. Hospitality 42512. 42512. Instruction 8499. 8499. Network maintenance 20. 20. Library service 191164. 191164. License and permit 7029. 7029. Marketing services 406281. 406281. Penalty 44. 44. Outside service 839479. 214627. 624852. Postage and delivery 2867. 2867. Property tax 90610. 90610.”

Raw XML AppendixShowing 400 of 435 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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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt010773277
IRS990ScheduleD/EquipmentGrp/BookValueAmt02856032
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01916909
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt04772941
IRS990ScheduleD/ExpensesSubtotalAmt07329621
IRS990ScheduleD/LandGrp/BookValueAmt04992550
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt04992550
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01258384
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt01258384
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02524
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1119576
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INTERNET FACILITIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PREPAID SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2PREPAID CAPITAL LEASE DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3PREPAID SECURITY DEPOSITS - RENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4LOAN FEE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0808335
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01370885
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt322085
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt426965
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OBLIGATIONS UNDER CAPITAL LEASES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID RENT FROM TENANT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2STUDENT UNION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3OTHER PAYABLE-EMPLOYEES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4PAYROLL TAX PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt09741608
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018964875
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0122100
IRS990ScheduleD/TotalExpensesPerForm990Amt07329621
IRS990ScheduleD/TotalLiabilityAmt01217620
IRS990ScheduleD/TotalRevenuePerForm990Amt09741608
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09741608
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07329621
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0false
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0false
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SHEPHERD UNIVERSITY ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR, MADE AVAILABLE TO ITS STUDENT ON THE BASIS OF RACE IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSION POLICIES, AND ATHLETIC AND OTHER SCHOOL ADMINISTERED PROGRAMS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FINANCIAL COMMITTEE REVIEWS FORM 990 AND PRESENT IT TO THE BOARD MEETING. ONCE IT IS APPROVED, THE COMMITTEE WILL FILL IT OUT AND SEND IT TO A DESIGNATED CPA FOR REVIEW AND FINAL TAX FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD CONDUCTS AN ANNUAL EVALUATION TO MONITOR AND ENFORCE COMPLIANCE WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD CONDUCTS AN ANNUAL EVALUATION AND DETERMINES COMPENSATION BASED ON THE COMPARABILITY DATA COLLECTED THROUGH THE EVALUATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST, THE INFORMATION WOULD BE PRESENTED TO WHOEVER WANTS TO SEE THEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD CONDUCTS AN ANNUAL EVALUATION AND DETERMINES COMPENSATION BASED ON THE COMPARABILITY DATA COLLECTED THROUGH THE EVALUATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ACCREDITATION EXPESE 77131. 77131. BANK SERVICE CHARGE 15470. 15470. CONSULTING 37365. 37365. CREDIT CARD DISCOUNT 24982. 24982. EQUIPMENT RENTAL 14825. 2197. 12628. EVENT 15220. 15220. GRADUATION 3300. 3300. HOSPITALITY 42512. 42512. INSTRUCTION 8499. 8499. NETWORK MAINTENANCE 20. 20. LIBRARY SERVICE 191164. 191164. LICENSE AND PERMIT 7029. 7029. MARKETING SERVICES 406281. 406281. PENALTY 44. 44. OUTSIDE SERVICE 839479. 214627. 624852. POSTAGE AND DELIVERY 2867. 2867. PROPERTY TAX 90610. 90610.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24f
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt023628016
IRS990/TotalCompGreaterThan150KInd0false
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IRS990/TotalEmployeeCnt0128
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04389853
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02939768
IRS990/TotalFunctionalExpensesGrp/TotalAmt07329621
IRS990/TotalGrossUBIAmt06469819
IRS990/TotalLiabilitiesBOYAmt014529747
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt06469819
IRS990/TotalVolunteersCnt030
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt023628016
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
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IRS990/TravelGrp/TotalAmt03032
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt05937438
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IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0413670
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0587171

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$23,628,016
Liabilities
$15,278,591
Net assets
$8,349,425
Revenue
$9,741,608
Expenses
$7,329,621
Net income
$2,411,987
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$18.3$4.50$13.8$11.9$10.5$1.42
2015Summary only. Only limited summary data is available for this year.$15.9$3.56$12.4$13.1$8.81$4.27
2014Detailed filing. Detailed filing data is available for this year.$23.6$15.3$8.35$9.74$7.33$2.41
2013Summary only. Only limited summary data is available for this year.$20.5$14.5$5.94$9.07$7.19$1.87
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.2$8.68$6.47$7.29
2011Summary only. Only limited summary data is available for this year.$5.06$0.52$4.54$8.54$7.25$1.29