Civic Intelligence

Shepherd University

990 • Fiscal year 2016 • EIN 95-4758519

Jul 01, 2015 to Jun 30, 2016 • Filed on May 05, 2017

Organization Profilewww.shepherduniversity.edu
3200 N San Fernando RdLos Angeles, CA 90065

(323) 550-8888

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.25x

Higher debt load relative to assets than 52% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

60th percentile

0.38x

Higher debt load relative to revenue than 60% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

74th percentile

12%

Higher net margin than 74% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

14th percentile

$52,500

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

82nd percentile

15%

Faster asset growth than 82% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

23rd percentile

-8.9%

Faster revenue growth than 23% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Up

$18,332,864

Up $2,397,345 (+15%) from 2015

Net Assets

Up

$13,832,962

Up $1,453,780 (+12%) from 2015

Liabilities

Up

$4,499,902

Up $943,565 (+27%) from 2015

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin74th percentile

Revenue

Down

$11,916,173

Down $1,162,741 (-8.9%) from 2015

Expenses

Up

$10,491,606

Up $1,677,840 (+19%) from 2015

Net Income

Down

$1,424,567

Down $2,840,581 (-67%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth82nd 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

2016

Assets$18,332,864
Liabilities$4,499,902
Net Assets$13,832,962
Open 2016 Filing

Operations Trend

Revenue Growth23rd 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

2016

Revenue$11,916,173
Expenses$10,491,606
Net Income$1,424,567
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 5, 2017
Return Version
2015v3.0
Gross Receipts
$11,916,173
Mission and Program Overview

Mission

To operate a religious college and seminary

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,143,575$7,924,831▲ $2,781,256
Receivables From Officers Etc$2,349,968--
Pledges and Grants Receivable$2,722,865$2,260,650▼ $462,215
Other Notes and Loans Receivable, Net-$812,430-
Cash and Non-Interest-Bearing Accounts$1,972,236$794,561▼ $1,177,675
Accounts Receivable$2,562,942$415,947▼ $2,146,995
Prepaid Expenses and Deferred Charges$44,240$282,375▲ $238,135
Total Assets$15,935,519$18,332,864▲ $2,397,345
Other Assets Total$1,139,693$5,842,070▲ $4,702,377
Liabilities
Mortgage Notes Payable Secured by Investment Property$290,302$1,626,516▲ $1,336,214
Deferred Revenue$1,634,833$1,620,802▼ $14,031
Accounts Payable and Accrued Expenses$659,026$633,806▼ $25,220
Other Liabilities$736,855$418,778▼ $318,077
Unsecured Notes Loans Payable$235,321$200,000▼ $35,321
Total Liabilities$3,556,337$4,499,902▲ $943,565
Net Assets / Fund Balance
Unrestricted Net Assets$12,379,182$13,832,962▲ $1,453,780
Total Net Assets Fund Balance$12,379,182$13,832,962▲ $1,453,780
Total Liabilities and Net Assets / Fund Balance$15,935,519$18,332,864▲ $2,397,345

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,643,283$2,017,238-
Equipment$2,740,683$3,840,107-
Leasehold Improvements$2,540,865$1,680,212-
Other Assets Org$1,621,834--
Compensation and Service Providers
Top Officer Pay14th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Seong Yon LeeCEOFT$52,500$52,500

Board Members and Trustees

NameTitle
Peter KwonChairman
Steve H LeeCFO
Hyun Jeong LeeSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$4,476,510
Program Service Revenue
$4,632,502
Investment Income
$88,482
Other Revenue
$2,718,679
All Other Contributions
$4,476,510
Change in Net Assets
$1,424,567

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,916,173
Total Revenue per Audited Statements
$11,916,173
Total Revenue per Form 990
$11,916,173
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,806,592
Salaries, Compensation, and Employee Benefits$2,685,014
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$563,050$4,291,198$0$4,854,248
Other Salaries and Wages$1,760,164$429,945$0$2,190,109
Depreciation Depletion$0$1,726,944$0$1,726,944
Interest$0$638,342$0$638,342
Other Employee Benefits$0$241,475$0$241,475
Payroll Taxes$0$200,930$0$200,930
Insurance$0$90,306$0$90,306
Advertising$0$74,035$0$74,035
Current Officers, Directors, Trustees, and Key Employees$52,500$0$0$52,500
Fees for Services Legal$0$42,584$0$42,584
Fees for Services Accounting$0$39,480$0$39,480
Travel$0$33,848$0$33,848
Conferences and Meetings$0$19,996$0$19,996
Office Expenses$0$2,672$0$2,672
Other Expenses$0$762$0$762
Total Functional Expenses$2,599,595$7,892,011$0$10,491,606

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,491,606
Total Expenses per Audited Statements$10,491,606
Total Expenses per Form 990$10,491,606
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$2,349,968--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Obligations Under Capital Leases$418,778
Prepaid Rent From Tenant-
Student Union-
Other Payable-employees-
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

Filer Name
Shepherd University
EIN
95-4758519
Phone
3235508888
Address
3200 N SAN FERNANDO RD, LOS ANGELES, CA 90065

Signing Officer

Name
Seong Yon Lee
Title
C.e.o.
Phone
3235508888
Signed
2017-05-05
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
153
Volunteers
30

Preparer

Firm
Bw CPA Group
Address
3600 WILSHIRE BLVD STE 1620, LOS ANGELES, CA 90010-2620
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 24E

“Accreditation expense 0. 0. 0. 0.”

Form 990, Part IX, Line 24E

“Bank service charge 18081. 0. 18081. 0.”

Form 990, Part IX, Line 24E

“Consulting 101895. 0. 101895. 0.”

Form 990, Part IX, Line 24E

“Credit card discount 12386. 0. 12386. 0.”

Form 990, Part IX, Line 24E

“Equipment rental 17713. 4092. 13621. 0.”

Form 990, Part IX, Line 24E

“EVENT 0. 0. 0. 0.”

Form 990, Part IX, Line 24E

“Graduation 4598. 4598. 0. 0.”

Form 990, Part IX, Line 24E

“Hospitality 8163. 0. 8163. 0.”

Form 990, Part IX, Line 24E

“Instruction 71631. 71631. 0. 0.”

Form 990, Part IX, Line 24E

“Network maintenance 0. 0. 0. 0.”

Form 990, Part IX, Line 24E

“Library service 32082. 32082. 0. 0.”

Form 990, Part IX, Line 24E

“License and permit 62074. 0. 62074. 0.”

Form 990, Part IX, Line 24E

“Marketing services 794707. 0. 794707. 0.”

Form 990, Part IX, Line 24E

“Penalty 3954. 0. 3954. 0.”

Form 990, Part IX, Line 24E

“Outside service 206151. 161966. 44185. 0.”

Form 990, Part IX, Line 24E

“Postage and delivery 2577. 0. 2577. 0.”

Form 990, Part IX, Line 24E

“Property tax 5644. 0. 5644. 0.”

Form 990, Part IX, Line 24E

“Public service 101799. 101799. 0. 0.”

Form 990, Part IX, Line 24E

“Repairs & maintenance 144670. 0. 144670. 0.”

Form 990, Part IX, Line 24E

“Research 4132. 4132. 0. 0.”

Form 990, Part IX, Line 24E

“Student service 182750. 182750. 0. 0.”

Form 990, Part IX, Line 24E

“Supplies 36307. 0. 36307. 0.”

Form 990, Part IX, Line 24E

“Telephone & communication 22606. 0. 22606. 0.”

Form 990, Part IX, Line 24E

“Utilities 204605. 0. 204605. 0.”

Form 990, Part IX, Line 24E

“Escrow charge 940308. 0. 940308. 0.”

Form 990, Part IX, Line 24E

“Donation refund 178050. 0. 178050. 0.”

Form 990, Part IX, Line 24E

“Rent expense 1685140. 0. 1685140. 0.”

Form 990, Part IX, Line 24E

“Alarm 12225. 0. 12225. 0.”

Raw XML AppendixShowing 400 of 491 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/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportOtherAssetsInd0true
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2STUDENT UNION
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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. THE 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
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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 EXPENSE 0. 0. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BANK SERVICE CHARGE 18081. 0. 18081. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CONSULTING 101895. 0. 101895. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8CREDIT CARD DISCOUNT 12386. 0. 12386. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9EQUIPMENT RENTAL 17713. 4092. 13621. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10EVENT 0. 0. 0. 0.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17MARKETING SERVICES 794707. 0. 794707. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18PENALTY 3954. 0. 3954. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19OUTSIDE SERVICE 206151. 161966. 44185. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20POSTAGE AND DELIVERY 2577. 0. 2577. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21PROPERTY TAX 5644. 0. 5644. 0.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt23REPAIRS & MAINTENANCE 144670. 0. 144670. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt24RESEARCH 4132. 4132. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt25STUDENT SERVICE 182750. 182750. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt26SUPPLIES 36307. 0. 36307. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt27TELEPHONE & COMMUNICATION 22606. 0. 22606. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt28UTILITIES 204605. 0. 204605. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt29ESCROW CHARGE 940308. 0. 940308. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt30DONATION REFUND 178050. 0. 178050. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt31RENT EXPENSE 1685140. 0. 1685140. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt32ALARM 12225. 0. 12225. 0.
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 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc21Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc22Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc23Form 990, Part IX, Line 24e

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,332,864
Liabilities
$4,499,902
Net assets
$13,832,962
Revenue
$11,916,173
Expenses
$10,491,606
Net income
$1,424,567
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