Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2022 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2022 |
(iii) Distributable Amount for 2022 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2022 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2022 (reasonable cause required-- explain in Part VI).
See instructions. |
||||
| 3 Excess distributions carryover, if any, to 2022: | ||||
| a From 2017....... | ||||
| b From 2018....... | ||||
| c From 2019....... | ||||
| d From 2020....... | ||||
| e From 2021....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2022 distributable amount | ||||
|
i
Carryover from 2017 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2022 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2022 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2022, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
6
Remaining underdistributions for 2022. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
7 Excess distributions carryover to 2023. Add lines 3j and 4c. |
||||
| 8 Breakdown of line 7: | ||||
| a Excess from 2018..... | ||||
| b Excess from 2019..... | ||||
| c Excess from 2020..... | ||||
| d Excess from 2021..... | ||||
| e Excess from 2022..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|
| Software ID: | |
| Software Version: |
| Return Reference | Explanation |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE SCHOOL PUBLISHES ITS NONDISCRIMINATORY POLICY THROUGH ITS WEBSITE AND EMAIL. IT'S ALSO PUBLISHED IN STUDENT, FACULTY AND EMPLOYEE HANDBOOKS. THE ORGANIZATION DID NOT HAVE THE NONDISCRIMINATION POLICY REPORTED ON ITS INTERNET HOMEPAGE THROUGHOUT THE ENTIRE FISCAL YEAR. THE SCHOOL HAS REMEDIED THE OVERSIGHT, AND THE POLICY NOW APPEARS ON THE FRONT PAGE OF THE SCHOOL'S WEBSITE. |
| SCHEDULE E, PART I, LINE 6 | PRESIDIO GRADUATE SCHOOL ASSISTS STUDENTS IN THE FINANCING OF THEIR EDUCATION THROUGH FEDERALLY-FUNDED STUDENT LOAN PROGRAMS. THE SCHOOL RECEIVED THE HIGHER EDUCATION EMERGENCY RELIEF FUND. |
| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | DR. AASHISH BINDRA, DR. GURINDER SINGH, DR. TANU JINDAL, AND DR. ASEEM CHAUHAN HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE ARTICLES OF INCORPORATION WERE AMENDED TO UPDATE FOR THE FOLLOWING: 1) THE ORGANIZATION'S EXEMPT PURPOSES WITHIN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE TO (I) CONDUCT POST-SECONDARY EDUCATIONAL PROGRAMS FOR ADULTS OF ALL AGES AND (II) TO HOLD LAND TO PRESERVE, MAINTAIN, AND OPERATE FACILITIES FOR PUBLIC ENLIGHTENMENT. 2) TO NAME THE UNIVERSITY OF REDLANDS, A 501(C)(3) PUBLIC CHARITY OPERATING AS AN EDUCATIONAL INSTITUTION, AS THE SOLE CORPORATE MEMBER. 3) THE DISTRIBUTION OF ASSETS UPON DISSOLUTION WAS REVISED TO SPECIFY THAT ANY REMAINING ASSETS AFTER PAYMENT, OR PROVISION OF PAYMENT, OF ALL DEBTS AND LIABILITIES OF THE ORGANIZATION WOULD BE DISTRIBUTED TO ITS SOLE MEMBER, UNIVERSITY OF REDLANDS IF IT IS THEN ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND/OR SCIENTIFIC PURPOSES OR TO ANOTHER NONPROFIT FUND, FOUNDATION, OR CORPORATION WHICH MEETS THOSE REQUIREMENTS IF THE SOLE MEMBER DOES NOT. THE BYLAWS WERE AMENDED TO UPDATE FOR THE FOLLOWING: 1) THE ORGANIZATION'S EXEMPT PURPOSES WERE MOVED TO THE AMENDED ARTICLES OF INCORPORATION. 2) TO NAME THE UNIVERSITY OF REDLANDS, A 501(C)(3) PUBLIC CHARITY OPERATING AS AN EDUCATIONAL INSTITUTION, AS THE SOLE CORPORATE MEMBER. 3) TO REQUIRE CONSENT OF THE SOLE MEMBER FOR CERTAIN ACTIONS INCLUDING (A) THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ORGANIZATIONS ASSETS; (B) THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ANY ASSET OR GROUP OF SIMILAR ASSETS OF THE ORGANIZATION WITH A COMBINED FAIR MARKET VALUE IN EXCESS OF $250,000; (C) THE LICENSING OR OTHER TRANSFER OF INTELLECTUAL PROPERTY (OR RIGHTS THERETO) OF THE ORGANIZATION FOR CONSIDERATION TO ANY OTHER PARTY, EXCEPT WHERE THE LICENSING OR OTHER TRANSFER IS "SUBSTANTIALLY RELATED" TO THE ORGANIZATION'S EXEMPT PURPOSE; AND (D) THE ASSUMPTION OR CREATION OF ANY INDEBTEDNESS OR THE ORGANIZATION IN AN AMOUNT EXCEEDING $500,000, WHETHER OR NOT IN THE ORDINARY COURSE OF BUSINESS. 4) THE SOLE MEMBER MAY EXERCISE ITS MEMBERSHIP RIGHTS THROUGH ITS BOARD OF DIRECTORS. THE SOLE MEMBER'S BOARD OF DIRECTORS MAY DULY AUTHORIZE ONE (1) OR MORE OF ITS OFFICERS TO EXERCISE ITS VOTE ON ANY MATTER TO COME BEFORE THE MEMBERSHIP OF THE ORGANIZATION. 5) THE BOARD SIZE WAS CHANGED TO THIRTEEN (13) VOTING DIRECTORS. 6) ONE BOARD SEAT WILL BE FILLED, EX-OFFICIO, BY THE PRESIDENT OF THE SOLE MEMBER OR THEIR PERMITTED DESIGNEE. TWELVE (12) DIRECTORS WERE APPOINTED IN THE AMENDED BYLAWS, SERVING THREE (3) YEAR TERMS. THE SOLE MEMBER APPOINTS SUBSEQUENT BOARD MEMBERS SERVING THREE (3) YEAR TERMS. AT THE DISCRETION OF THE SOLE MEMBER, SUCCESSOR BOARD MEMBERS MAY BE APPOINTED TO ONE OR TWO YEAR TERMS FOR NEW DIRECTORS. THE SOLE MEMBER MUST APPROVE ANY REMOVALS FROM THE BOARD OF DIRECTORS BY WRITTEN CONSENT. 7) THE OFFICERS OF THE ORGANIZATION INCLUDE REQUIRED POSITIONS: PRESIDENT, SECRETARY, CHIEF FINANCIAL OFFICER, AND CHIEF ACADEMIC OFFICER AND OTHER PERMITTED POSITIONS: CHAIR, ONE OR MORE ADDITIONAL VICE PRESIDENTS, ONE OR MORE ADDITIONAL ASSISTANT SECRETARIES, AND ONE OR MORE ASSISTANT TREASURERS. THE DUTIES FOR THE OFFICER POSITIONS WERE UPDATED. 8) THE PROCESS FOR DETERMINING OFFICER COMPENSATION WAS REVISED. NO SALARIED OFFICER IS PERMITTED TO VOTE ON THEIR OWN COMPENSATION. THE BOARD OR AN AUTHORIZED COMMITTEE THEREOF WILL REVIEW AND APPROVE COMPENSATION AND BENEFITS TO ENSURE IT IS JUST AND REASONABLE UPON HIRING AND WHENEVER THAT OFFICER'S COMPENSATION IS MODIFIED IN A MANNER THAT WAS NOT SIMILAR TO SUBSTANTIALLY ALL OTHER EMPLOYEES. THE PROCESS MAY ALSO BE DELEGATED TO ANY AFFILIATED CHARITABLE ORGANIZATION'S BOARD OR AN AUTHORIZED COMMITTEE THEREOF IF THAT ENTITY MAKES RETENTION AND COMPENSATION DECISIONS REGARDING A PARTICULAR INDIVIDUAL. 9) THE PROVISION RELATED TO THE CONFLICTS OF INTEREST POLICY WAS UPDATED TO REFERENCE A SEPARATE POLICY AND TO REQUIRE THAT DIRECTORS SHALL ANNUALLY SIGN A CERTIFICATION AFFIRMING RECEIPT OF THE POLICY, HAVING READ AND UNDERSTANDING THE POLICY, AND CONFIRMATION THEY AGREE TO COMPLY WITH THE POLICY. 10) THE PROVISIONS FOR THE AUDIT COMMITTEE WERE UPDATED TO: (A) ALLOW FOR CONSOLIDATED FINANCIAL STATEMENTS WITH ANY CONTROLLING ORGANIZATION, (B) REVISED THE TIMING OF THE EXPECTED ISSUANCE OF THE FINANCIAL STATEMENTS, AND (C) CHANGED THE COMPOSITION AND ROLES AND RESPONSIBILITIES OF THE AUDIT COMMITTEE. |
| FORM 990, PART VI, SECTION A, LINE 6 | UNIVERSITY OF REDLANDS, A TAX-EXEMPT 501(C)(3) EDUCATIONAL INSTITUTION, IS THE SOLE MEMBER OF PRESIDIO GRADUATE SCHOOL. |
| FORM 990, PART VI, SECTION A, LINE 7A | UNIVERSITY OF REDLANDS IS THE SOLE MEMBER OF PRESIDIO GRADUATE UNIVERSITY (PSG) AND MAY ELECT AND APPOINT ANY NUMBER OF THE DIRECTORS TO THE BOARD OF PSG, NOT TO EXCEED THIRTEEN. ONE BOARD SEAT WILL BE FILLED, EX-OFFICIO, BY THE PRESIDENT OF THE SOLE MEMBER OR THEIR PERMITTED DESIGNEE. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE SOLE CORPORATE MEMBER, UNIVERSITY OF REDLANDS, MUST APPROVE ALL CHANGES TO THE ARTICLES OF INCORPORATION AND BYLAWS AS WELL AS SIGNIFICANT TRANSACTION DECISIONS BROUGHT TO THE BOARD OF DIRECTORS INCLUDING (A) THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ORGANIZATIONS ASSETS; (B) THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ANY ASSET OR GROUP OF SIMILAR ASSETS OF THE ORGANIZATION WITH A COMBINED FAIR MARKET VALUE IN EXCESS OF $250,000; (C) THE LICENSING OR OTHER TRANSFER OF INTELLECTUAL PROPERTY (OR RIGHTS THERETO) OF THE ORGANIZATION FOR CONSIDERATION TO ANY OTHER PARTY, EXCEPT WHERE THE LICENSING OR OTHER TRANSFER IS "SUBSTANTIALLY RELATED" TO THE ORGANIZATION'S EXEMPT PURPOSE; AND (D) THE ASSUMPTION OR CREATION OF ANY INDEBTEDNESS OR THE ORGANIZATION IN AN AMOUNT EXCEEDING $500,000, WHETHER OR NOT IN THE ORDINARY COURSE OF BUSINESS.. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 WAS REVIEWED BY KEY STAFF AT FASS AND PGS. AFTER ALL BASIC QUESTIONS WERE RESOLVED, IT WAS FORWARDED TO THE BOARD TREASURER FOR REVIEW AND APPROVAL. PRIOR TO FILING, THE FORM 990 WAS DISTRIBUTED TO THE PGS BOARD. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY REQUIRES THAT ALL DIRECTORS WITH A MATERIAL FINANCIAL INTEREST IN A TRANSACTION MUST DISCLOSE SUCH MATERIAL FINANCIAL INTEREST OR COMMON DIRECTORSHIP TO THE BOARD VIA A DISCLOSURE FORM. THE BOARD SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE. IF A CONFLICT IS DEEMED TO EXIST, THEY MUST RECUSE THEMSELVES FROM PARTICIPATING IN ANY CONSIDERATION OR DECISION RELATED TO THE TRANSACTION. SUCH DISCLOSURE AND ABSTENTION FROM A VOTE WILL BE MADE PART OF THE RECORD OF THE BOARD'S MEETINGS. THE DECISION OF THE BOARD ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF THE ORGANIZATION AND THE ADVANCEMENT OF ITS PURPOSE. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PGS BOARD REVIEWS COMPARABILITY DATA EVERY FEW YEARS AND REVIEWS MARKET PAY RATES UPON HIRE TO DETERMINE SALARY RANGES FOR THE CEO, OFFICERS, AND EMPLOYEES TO ENSURE FAIR COMPENSATION. BASE COMPENSATION OF THE CEO AND EMPLOYEES AS WELL AS ANY COST OF LIVING ADJUSTMENTS OR BONUSES ARE SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS. ALL DELIBERATIONS AND DECISIONS FOR COMPENSATION ADJUSTMENTS ARE DOCUMENTED IN THE BOARD MINUTES. A FULL COMPENSATION ANALYSIS WAS LAST COMPLETED IN 2019. BASE COMPENSATION WAS INCREASED BY A CONSISTENT PERCENTAGE FOR ALL OFFICERS AND EMPLOYEES IN 2022. THE COST OF LIVING ADJUSTMENTS THAT WERE MADE WERE CONSISTENT WITH OR LESS THAN INFLATION. THE CEO WAS AWARDED A BONUS IN JUNE 2023 THAT WAS APPROVED BY THE BOARD. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D). |
| Software ID: | |
| Software Version: |