Civic Intelligence

David X Marks Foundation

EIN 95-6034304 • 501(c)3 • Los Angeles, CA

Profile

This corporation is formed for the purpose of benefiting the university of southern california and shall be operated exclusively for the benefit of the university of southern california.

University Gardens Bldg 205Los Angeles, CA 90089-8006

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

20th percentile

0.03x

Higher debt load relative to assets than 20% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

48th percentile

0.26x

Higher debt load relative to revenue than 48% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

74th percentile

19%

Higher net margin than 74% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

100th percentile

$3,895,165

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 117.4% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

19th percentile

-3.0%

Faster asset growth than 19% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

23rd percentile

-5.2%

Faster revenue growth than 23% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets20th percentile

Assets

Down

$30,847,931

Down $967,237 (-3.0%) from 2022

Liabilities

Up

$826,268

Up $776,268 (+1553%) from 2022

Net Assets

Down

$30,021,663

Down $1,743,505 (-5.5%) from 2022

Operations
Liabilities / Revenue48th percentileNet Margin74th percentile

Revenue

Down

$3,144,990

Down $173,168 (-5.2%) from 2022

Expenses

Up

$2,559,009

Up $917,409 (+56%) from 2022

Net Income

Down

$585,981

Down $1,090,577 (-65%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth19th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2011: $23,117,453Liabilities 2011: $174,929Net Assets 2011: $22,942,5242011Assets 2012: $24,572,434Liabilities 2012: $51,050Net Assets 2012: $24,521,3842012Assets 2013: $28,727,809Liabilities 2013: $254,413Net Assets 2013: $28,473,3962013Assets 2014: $31,236,912Liabilities 2014: $143,813Net Assets 2014: $31,093,0992014Assets 2015: $29,722,994Liabilities 2015: $98,782Net Assets 2015: $29,624,2122015Assets 2016: $28,982,762Liabilities 2016: $242,696Net Assets 2016: $28,740,0662016Assets 2017: $32,647,220Liabilities 2017: $761,423Net Assets 2017: $31,885,7972017Assets 2018: $31,116,512Liabilities 2018: $769,566Net Assets 2018: $30,346,9462018Assets 2019: $31,842,999Liabilities 2019: $416,750Net Assets 2019: $31,426,2492019Assets 2020: $27,576,989Liabilities 2020: $220,070Net Assets 2020: $27,356,9192020Assets 2021: $37,421,091Liabilities 2021: $113,019Net Assets 2021: $37,308,0722021Assets 2022: $31,815,168Liabilities 2022: $50,000Net Assets 2022: $31,765,1682022Assets 2023: $30,847,931Liabilities 2023: $826,268Net Assets 2023: $30,021,6632023

Highlighted filing

2023

Assets$30,847,931
Liabilities$826,268
Net Assets$30,021,663
Open 2023 Filing

Operations Trend

Revenue Growth23rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $2,074,981Expenses 2011: $1,266,363Net Income 2011: $808,6182011Revenue 2012: $1,709,546Expenses 2012: $1,432,694Net Income 2012: $276,8522012Revenue 2013: $2,571,531Expenses 2013: $1,369,614Net Income 2013: $1,201,9172013Revenue 2014: $3,164,332Expenses 2014: $1,428,877Net Income 2014: $1,735,4552014Revenue 2015: $3,353,282Expenses 2015: $1,784,669Net Income 2015: $1,568,6132015Revenue 2016: $1,801,541Expenses 2016: $1,853,105Net Income 2016: -$51,5642016Revenue 2017: $2,513,278Expenses 2017: $2,581,605Net Income 2017: -$68,3272017Revenue 2018: $3,009,507Expenses 2018: $1,705,919Net Income 2018: $1,303,5882018Revenue 2019: $1,159,571Expenses 2019: $1,556,000Net Income 2019: -$396,4292019Revenue 2020: $1,862,756Expenses 2020: $1,619,000Net Income 2020: $243,7562020Revenue 2021: $2,367,982Expenses 2021: $1,534,723Net Income 2021: $833,2592021Revenue 2022: $3,318,158Expenses 2022: $1,641,600Net Income 2022: $1,676,5582022Revenue 2023: $3,144,990Expenses 2023: $2,559,009Net Income 2023: $585,9812023

Highlighted filing

2023

Revenue$3,144,990
Expenses$2,559,009
Net Income$585,981
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$30,847,931
Liabilities
$826,268
Net assets
$30,021,663
Revenue
$3,144,990
Expenses
$2,559,009
Net income
$585,981
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$30.8$0.83$30.0$3.14$2.56$0.59
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.8$0.05$31.8$3.32$1.64$1.68
2021Summary only. Only limited summary data is available for this year.$37.4$0.11$37.3$2.37$1.53$0.83
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.6$0.22$27.4$1.86$1.62$0.24
2019Summary only. Only limited summary data is available for this year.$31.8$0.42$31.4$1.16$1.56$0.40
2018Summary only. Only limited summary data is available for this year.$31.1$0.77$30.3$3.01$1.71$1.30
2017Summary only. Only limited summary data is available for this year.$32.6$0.76$31.9$2.51$2.58$0.07
2016Summary only. Only limited summary data is available for this year.$29.0$0.24$28.7$1.80$1.85$0.05
2015Summary only. Only limited summary data is available for this year.$29.7$0.10$29.6$3.35$1.78$1.57
2014Summary only. Only limited summary data is available for this year.$31.2$0.14$31.1$3.16$1.43$1.74
2013Summary only. Only limited summary data is available for this year.$28.7$0.25$28.5$2.57$1.37$1.20
2012Summary only. Only limited summary data is available for this year.$24.6$0.05$24.5$1.71$1.43$0.28
2011Summary only. Only limited summary data is available for this year.$23.1$0.17$22.9$2.07$1.27$0.81
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Nov 1, 2021 to Oct 31, 2022
Signed
Aug 29, 2023
Return Version
2021v4.2
Gross Receipts
$9,173,183
Mission and Program Overview

Mission

This corporation is formed for the purpose of benefiting the university of southern california and shall be operated exclusively for the benefit of the university of southern california.

To provide support to the university of southern california for athletic and band scholarships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$36,562,468$31,327,873▼ $5,234,595
Cash and Non-Interest-Bearing Accounts$718,171$408,532▼ $309,639
Accounts Receivable$140,452$78,763▼ $61,689
Total Assets$37,421,091$31,815,168▼ $5,605,923
Liabilities
Other Liabilities$113,019$50,000▼ $63,019
Total Liabilities$113,019$50,000▼ $63,019
Net Assets / Fund Balance
Net Assets With Donor Restrictions$37,308,072$31,765,168▼ $5,542,904
Total Net Assets Fund Balance$37,308,072$31,765,168▼ $5,542,904
Total Liabilities and Net Assets / Fund Balance$37,421,091$31,815,168▼ $5,605,923

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$7,411,301--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$37,308,072-▼ $3,901,304-$31,765,168
2020$27,356,919-▲ $11,485,876-$37,308,072
2019$31,426,249-▲ $2,450,330-$27,356,919
2018$30,346,946-▲ $2,635,303-$31,426,249
2017$31,885,797-▲ $167,068-$30,346,946
Compensation and Service Providers
Top Officer Pay100th percentile

Board Members and Trustees

NameTitle
James EddyPresident / Director
Carol FoltDirector
James StatenDirector
Mike BohnDirector
Suzanne Nora JohnsonDirector (as of 6/16/22)
Rick CarusoDirector (until 6/15/22)
Stephen Del GuercioSec / Treas / Director
Bruce FurnissVice Pres / Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$3,318,158
Other Revenue
$0
Change in Net Assets
$1,676,558

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,318,158
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-7,219,462
Total Revenue per Audited Statements
$-3,901,304
Total Revenue per Form 990
$3,318,158
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,631,600
Other Expenses$10,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,631,600--$1,631,600
Fees for Service Investment Mgmnt Fees-$10,000-$10,000
Total Functional Expenses$1,631,600$10,000$0$1,641,600

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,641,600
Total Expenses per Audited Statements$1,641,600
Total Expenses per Form 990$1,641,600
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of Southern CaliforniaLos Angeles, CA501(c)(3)Program Support$1,631,600
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
Accounts Payable$50,000
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

“The following were employees at the university of southern california (usc) during fy22 - carol folt, james staten, mike bohn”

Form 990, Part VI, Section A, line 6

“Pursuant to article ii, section 1 of the bylaws of the corporation, the total number of authorized members must be 7.”

Form 990, Part VI, Section A, line 7A

“PURSUANT TO ARTICLE II, SECTION 2 OF THE BYLAWS, (i) THE USC CHAIRMAN OF THE BOARD OF TRUSTEES, (ii) THE PRESIDENT OR HIS OR HER DESIGNEE, (iii) THE DIRECTOR OF INTERCOLLEGIATE ATHLETICS AND (iv) THE SENIOR VICE PRESIDENT SELECTED BY THE BOARD OF TRUSTEES SHALL BE EX-OFFICIO MEMBERS OF THE CORPORATION. THE REMAINDER OF THE MEMBERS SHALL BE SELECTED BY THE WRITTEN ASSENT OR MAJORITY VOTE OF THE BOARD OF DIRECTORS.”

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

“David x marks foundation's form 990 is reviewed at several levels and the form is provided to each member of the governing board prior to filing.”

Form 990, Part VI, Section B, line 12

“Related organizations of usc follow the university's policies. Pursuant to the conflict of interest policy, if an individual believes or suspects that a conflict of interest may exist, it should be disclosed to the chairman of the board. David x marks foundation follows usc's written document retention and whistleblower policies.”

Form 990, Part VI, Section C, line 19

“The organization makes its governing documents and financial statements available to the public upon request. The conflict of interest policy can be found on the university's website.”

Filing and Contact Details

Filer

Filer Name
David X Marks Foundation
EIN
95-6034304
Phone
2138211900
Address
UNIVERSITY GARDENS BLDG 205, LOS ANGELES, CA 90089-8006

Signing Officer

Name
James Eddy Iii
Title
Treasurer
Phone
2138211900
Signed
2023-08-29

Organization Details

Principal Officer
Stephen Del Guercio
Formed
1952
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
4
Employees
0
Volunteers
0
Raw XML AppendixShowing 400 of 676 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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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0UNIVERSITY OF SOUTHERN CALIFORNIA
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0171919
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IRS990ScheduleD/ExpensesSubtotalAmt01641600
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt050000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCOUNTS PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt023916572
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt17411301
IRS990ScheduleD/OtherSecuritiesGrp/Desc0COMMON AND PREFERRED STOCKS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1MUTUAL FUNDS
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IRS990ScheduleD/RevenueSubtotalAmt03318158
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IRS990ScheduleD/TotalBookValueSecuritiesAmt031327873
IRS990ScheduleD/TotalExpensesPerForm990Amt01641600
IRS990ScheduleD/TotalLiabilityAmt050000
IRS990ScheduleD/TotalRevenuePerForm990Amt03318158
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-3901304
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01641600
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt01631600
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROGRAM SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0UNIVERSITY OF SOUTHERN CALIFORNIA
IRS990ScheduleI/RecipientTable/RecipientEIN0951642394
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0UNIVERSITY GARDENS BLDG STE 205
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LOS ANGELES
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0900898006
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0DAVID X MARKS FOUNDATION TRANSFERS MONIES TO THE UNIVERSITY OF SOUTHERN CALIFORNIA WHICH ASSUMES RESPONSIBILITY FOR ACTUAL DISBURSEMENT CRITERIA BASED ON BOUNDARIES SET BY THE ESTABLISHMENT OF THE GRANT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
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IRS990ScheduleJ/AnyNonFixedPaymentsInd00
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt11417162
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2882963
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt145840
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt1839745
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CAROL FOLT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JAMES STATEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2MIKE BOHN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2DIRECTOR
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0NONE OF THE OFFICERS AND DIRECTORS OF THIS ORGANIZATION RECEIVED ANY COMPENSATION FROM THE FILING ORGANIZATION DURING 2021. DURING 2021, THE INDIVIDUALS REPORTED ON SCHEDULE J, PART II WERE EMPLOYEES OF THE UNIVERSITY OF SOUTHERN CALIFORNIA ("USC"), A RELATED ORGANIZATION.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1IN 1994 USC CREATED A 457(F) SUPPLEMENTAL RETIREMENT PLAN TO PROVIDE MAKE-UP BENEFITS TO EMPLOYEES WHOSE COMPENSATION EXCEEDED THE EARNINGS LIMITATION FOR CONTRIBUTIONS TO THE USC DEFINED CONTRIBUTION PLAN. AS OF JANUARY 1, 2005, THE PLAN WAS FROZEN AND PARTICIPANTS, WITH RESPECT TO FUTURE MAKE-UP BENEFITS, WERE NO LONGER PERMITTED TO DEFER THESE BENEFITS. CAROL FOLT: DURING CALENDAR YEAR 2021, THE PRESIDENT OF USC PARTICIPATED IN TWO RETENTION PROGRAMS. UNDER THE FIRST PLAN, A PAYMENT OF $2,000,000 (ACCRUING AT $666,667 PER FISCAL YEAR, PLUS INTEREST, BEGINNING ON JULY 1, 2021, SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE) IS SCHEDULED TO VEST AND BE PAYABLE IN 2024. A RATABLE ACCRUAL OF $333,334 FROM CALENDAR YEAR 2021 IS INCLUDED IN SCHEDULE J, PART II, COLUMN (C). UNDER THE SECOND PLAN, 10% OF THE PRESIDENT'S COMBINED BASE SALARY AND BONUS LESS THE PRESIDENT'S SECTION 401(A) CONTRIBUTION FOR THE YEAR IS DEFERRED SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE, AND SCHEDULED TO VEST (PLUS INTEREST) AND BE PAYABLE IN 2024. THE PLAN WAS EFFECTIVE STARTING IN DECEMBER 2021. A RATABLE ACCRUAL OF $68,282 FROM THE CALENDAR YEAR IS INCLUDED IN SCHEDULE J, PART II, COLUMN (C). JAMES STATEN: DURING CALENDAR YEAR 2021, SENIOR VICE PRESIDENT, FINANCE AND CFO OF USC, PARTICIPATED IN A RETENTION PROGRAM. A PAYMENT IN THE TOTAL AMOUNT OF $500,000 (ACCRUED AT $100,000 PER YEAR) VESTED AND WAS PAYABLE IN CALENDAR YEAR 2021 AND HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN B(III). THIS PLAN WAS SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE J, PART II
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, SCHEDULE J, PART 1, LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOLLOWING WERE EMPLOYEES AT THE UNIVERSITY OF SOUTHERN CALIFORNIA (USC) DURING FY22 - CAROL FOLT, JAMES STATEN, MIKE BOHN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PURSUANT TO ARTICLE II, SECTION 1 OF THE BYLAWS OF THE CORPORATION, THE TOTAL NUMBER OF AUTHORIZED MEMBERS MUST BE 7.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PURSUANT TO ARTICLE II, SECTION 2 OF THE BYLAWS, (i) THE USC CHAIRMAN OF THE BOARD OF TRUSTEES, (ii) THE PRESIDENT OR HIS OR HER DESIGNEE, (iii) THE DIRECTOR OF INTERCOLLEGIATE ATHLETICS AND (iv) THE SENIOR VICE PRESIDENT SELECTED BY THE BOARD OF TRUSTEES SHALL BE EX-OFFICIO MEMBERS OF THE CORPORATION. THE REMAINDER OF THE MEMBERS SHALL BE SELECTED BY THE WRITTEN ASSENT OR MAJORITY VOTE OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DAVID X MARKS FOUNDATION'S FORM 990 IS REVIEWED AT SEVERAL LEVELS AND THE FORM IS PROVIDED TO EACH MEMBER OF THE GOVERNING BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RELATED ORGANIZATIONS OF USC FOLLOW THE UNIVERSITY'S POLICIES. PURSUANT TO THE CONFLICT OF INTEREST POLICY, IF AN INDIVIDUAL BELIEVES OR SUSPECTS THAT A CONFLICT OF INTEREST MAY EXIST, IT SHOULD BE DISCLOSED TO THE CHAIRMAN OF THE BOARD. DAVID X MARKS FOUNDATION FOLLOWS USC'S WRITTEN DOCUMENT RETENTION AND WHISTLEBLOWER POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE CONFLICT OF INTEREST POLICY CAN BE FOUND ON THE UNIVERSITY'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd2N/A

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