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UNIVERSITY OF SAN DIEGO



Also Known As: USD
5998 Alcala Park
San Diego, CA 92110

GENERAL INFORMATION

Contact: Elaine Atencio
Telephone: (619) 260-4600
E-mail: atencio@sandiego.edu
Web Site:www.sandiego.edu/

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.

NTEE Code

  • B40—Higher Education Institutions
  • B50—Graduate, Professional(Separate Entities)
  • B43—University 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

Name

Title

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

  1. 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.
  2. Inclusion and Diversity Established a grant proposal process for diversity and inclusion initiatives. Sent a team to the National Conference on Race and Ethnicity.
  3. 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

  1. 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.
  2. 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.
  3. 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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