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UNIVERSITY OF SAN DIEGO
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| Also Known As: USD |
5998 Alcala Park
San Diego,
CA
92110
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GENERAL INFORMATION
Who We Are
The University of San Diego is a Catholic institution of higher learning chartered in 1949. The school enrolls more than 7,500 students in its 6 schools and colleges. It is known for its commitment to teaching, the liberal arts, the formation of values and community service. USD offers more than 60 bachelor's, master's and doctoral degrees. The university adds depth to education by inspiring students to grow spiritually, morally and socially.
- This organization is a 501(c)(3)
Public Charity
.
- This organization is required to file an IRS Form 990 or 990-EZ.
- Financial information in this report is derived from the organization's June 30, 2008
Form 990.
- Additional narrative information in this report was last supplied by the organization on February 26, 2009.
- It makes its audited financial statements available to the public upon request.
- Contributions are deductible, as provided by law.
How to Help
This organization is seeking funds from contributions and grants. These funds will be used for unrestricted operating expenses, special projects, building improvements and endowments.
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B40Higher Education Institutions
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B50Graduate, Professional(Separate Entities)
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B43University or Technological
| EIN: |
95-2544535 |
| Year Founded: |
1949 |
| Ruling Year: |
1946 |
| Fiscal Year: |
June 30, 2008
|
| Assets: |
$886,495,322 (from Jun 30, 2008 Form 990) |
| No. of Board Members: |
Information not available |
| No. of Full-Time Employees: |
0 |
| No. of Part-Time Employees: |
0 |
| No. of Volunteers: |
0 |
Chief Executive
Dr. Mary Lyons
BOARD OF DIRECTORS
MISSION AND PROGRAMS
Mission
The University of San Diego is a Roman Catholic institution committed to advancing academic excellence, expanding liberal and professional knowledge, creating a diverse and inclusive community, and preparing leaders dedicated to ethical conduct and compassionate service.
Programs
The University of San Diego includes six schools and colleges: the College of Arts & Sciences, Schools of Law, Nursing, Leadership & Education Sciences, Business, and Peace Studies.
GOALS AND RESULTS
Accomplishments for Fiscal Year Ending June 30, 2006
- Catholic Social Thought
Launched a Web site explaining Catholic Social Thought (CST), including a bibliography of books and articles. Surveyed other Catholic universities and colleges to learn about CST programs across the US. Inventoried USD programs and services to identify those that incorporate CST values. Published reports on the CST Web site to share information gathered from on- and off-campus surveys.
- Inclusion and Diversity
Established a grant proposal process for diversity and inclusion initiatives. Sent a team to the National Conference on Race and Ethnicity.
- Internationalization
Identified internationally-oriented activities across the USD campus. Defined mission and core competencies for students, faculty, and the institution. Identified and prioritized additions and changes for international activities and programs. Restructured international activity grants and increased the award ceiling.
Objectives for Fiscal Year Beginning July 1, 2006
- The University of San Diego will become a more culturally diverse and culturally competent community through recruitment at all levels, deepening transborder and international educational partnerships and involving students and faculty in international learning experiences.
- The University will provide integrated learning experiences across educational contexts and contribute to the scholarly research on ethics to develop intentionally the leadership capacities of all students.
- The University will be a powerful advocate for social justice and human rights through the establishment of the Joan B. Kroc School of Peace Studies and the recruitment of international scholars and peace practitioners.
FINANCIAL DATA
Revenues and Expenses: Fiscal Year Ending June 30, 2008
| REVENUE |
|
| Contributions |
$13,559,016 |
| Government Grants |
$6,944,958 |
| Program Services |
$276,115,552 |
| Investments |
$19,026,067 |
| Special Events |
($425,050) |
| Sales |
$0 |
| Other |
$13,753,701 |
| Total Revenue |
$328,974,244 |
| EXPENSES |
|
| Program Services |
$223,436,610 |
| Administration |
$57,057,085 |
| Other |
$7,041,055 |
| Total Expenses |
$287,534,750 |
| Net Gain/Loss |
$41,439,494 |
Balance Sheet: Fiscal Year Ending June 30, 2008
Note: The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot long survive, but the types of assets and liabilities also must be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
| ASSETS |
July 1, 2007 |
June 30, 2008 |
Change |
| Cash & Equivalent |
$45,716,329 |
$7,173,208 |
($38,543,121) |
| Accounts Receivable |
$5,595,028 |
$5,675,666 |
$80,638 |
| Pledges & Grants Receivable |
$15,564,555 |
$14,883,879 |
($680,676) |
| Receivable / Other |
$25,928,954 |
$27,290,157 |
$1,361,203 |
| Inventories for Sale of Use |
$1,595,278 |
$1,795,680 |
$200,402 |
| Investment/Securities |
$356,973,040 |
$384,924,010 |
$27,950,970 |
| Investment/Other |
$19,975,911 |
$0 |
$0 |
| Fixed Assets |
$391,696,602 |
$423,262,427 |
$31,565,825 |
| Other |
$11,700,242 |
$8,495,701 |
($3,204,541) |
| Total Assets |
$874,745,939 |
$886,495,322 |
$11,749,383 |
| LIABILITIES |
July 1, 2007 |
June 30, 2008 |
Change |
| Accounts Payable |
$41,472,115 |
$38,958,368 |
($2,513,747) |
| Grants Payable |
$0 |
$0 |
$0 |
| Deferred Revenue |
$17,786,495 |
$17,604,512 |
($181,983) |
| Loans and Notes |
$0 |
$0 |
$0 |
| Tax-Exempt Bond Liabilities |
$196,308,595 |
$192,588,285 |
($3,720,310) |
| Other |
$11,030,263 |
$14,437,819 |
$3,407,556 |
| Total Liabilities |
$266,597,468 |
$263,588,984 |
($3,008,484) |
| FUND BALANCE |
$608,148,471 |
$622,906,338 |
$14,757,867 |
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