Civic Intelligence

David X Marks Foundation University Affairs

990 • Fiscal year 2022 • EIN 95-6034304

Nov 01, 2021 to Oct 31, 2022 • Filed on Aug 29, 2023

Organization ProfileN/A
University Gardens Bldg 205Los Angeles, CA 90089-8006

(213) 821-1900

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

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

Liabilities / Revenue

7th percentile

0.02x

Higher debt load relative to revenue than 7% of similar nonprofits.

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

Net Margin

89th percentile

51%

Higher net margin than 89% of similar nonprofits.

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

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.

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

Asset Growth

10th percentile

-15%

Faster asset growth than 10% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

84th percentile

40%

Faster revenue growth than 84% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets6th percentile

Assets

Down

$31,815,168

Down $5,605,923 (-15%) from 2021

Net Assets

Down

$31,765,168

Down $5,542,904 (-15%) from 2021

Liabilities

Down

$50,000

Down $63,019 (-56%) from 2021

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin89th percentile

Revenue

Up

$3,318,158

Up $950,176 (+40%) from 2021

Expenses

Up

$1,641,600

Up $106,877 (+7.0%) from 2021

Net Income

Up

$1,676,558

Up $843,299 (+101%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$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

2022

Assets$31,815,168
Liabilities$50,000
Net Assets$31,765,168
Open 2022 Filing

Operations Trend

Revenue Growth84th percentile

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$3,318,158
Expenses$1,641,600
Net Income$1,676,558
Open 2022 Filing
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/SupportedOrganizationsTotalCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01631600
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0UNIVERSITY OF SOUTHERN CALIFORNIA
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt01631600
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt010000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt037308072
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt031765168
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt01631600
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-3901304
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt010000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt027356919
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt037308072
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt01524723
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt011485876
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt010000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt031426249
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt027356919
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt01609000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02450330
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt010000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt030346946
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt031426249
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt01546000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02635303
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0171919
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt031885797
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt030346946
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt01534000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0167068
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd01
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IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01641600
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-7219462
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt050000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCOUNTS PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt023916572
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt17411301
IRS990ScheduleD/OtherSecuritiesGrp/Desc0COMMON AND PREFERRED STOCKS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/RelatedOrgListSchRInd01
IRS990ScheduleD/RevenueNotReportedAmt0-7219462
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03318158
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
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
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0900000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt1200000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt2200000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt01419861
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt11417162
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2882963
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt1500000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt0416116
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt114500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt214500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt020379
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt145840
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt236287
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt01138809
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt1839745
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt2434157
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CAROL FOLT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JAMES STATEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2MIKE BOHN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt03895165
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt12517247
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt21567907
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
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd11
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd21
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd31
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd2N/A

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$31,815,168
Liabilities
$50,000
Net assets
$31,765,168
Revenue
$3,318,158
Expenses
$1,641,600
Net income
$1,676,558
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • $25M-$50M nonprofits