2024-04-22T13:57:21+00:00 2023-06-30 363990892 Capin Crouse LLP 3200 E Guasti Road Suite 230 Ontario CA 91761 990 2022-07-01 272912448 University of Saint Katherine UNIV 7609431107 277 Rancheros Drive 200 San Marcos CA 92069 Dr Frank Papatheofanis President 7609431107 2024-04-22 true Dr Frank Papatheofanis 999009999 true Daren Daiga P01074795 5055022746 2022 2023-04-26 12:10:37Z Dr Frank Papatheofanis 277 Rancheros Drive 200 San Marcos CA 92069 6563269 false X www.USK.edu X 2010 CA Independent liberal arts college formed in Orthodox Christian tradition to award BA, BS & MA degrees. 11 11 163 14 0 0 1565383 214638 6688256 6131585 189 486 101466 84498 8355294 6431207 3122812 2424325 0 0 3154634 3106539 0 0 23475 2289488 2763801 8566934 8294665 -211640 -1863458 2332105 6517769 367674 6515982 1964431 1787 To provide a balanced education in the liberal arts & sciences, founded and rooted in the life of the Orthodox Christian Tradition - inquiry seeking wisdom. false false 4532007 5078202 University of Saint Katherine's (USK) Athletic Program was created to inspire a diverse group of student-athletes in the developments of spirit, soul, and body through Christ-centered leadership, integrated learning, and athletic excellence. USK received NAIA Full Membership in the Spring of 2019. We strive to meet all standards and regulations of the National Association of Intercollegiate Athletics (NAIA). 2535549 2424325 1053383 USK is a regionally accredited undergraduate college of liberal arts and sciences that focuses its integrative, interdisciplinary teaching in the core areas of composition, English language and literature, American government and history, economics, business, and the sciences as part of general education and instruction in concentration - specific degree requirements. Outstanding teaching and research - with relevance to the practical world and Christian witness as guiding principles - is our primary purpose - inquiry seeking wisdom. We aim to graduate creative and compassionate leaders. USK's enrollment for 2023 was 232. College programs encompass 19 degree-granting programs, as well as interdisciplinary collaborations, laboratories, and programs whose work cuts across traditional departmental boundaries. We realize these aims in a singularly collegial, interdisciplinary atmosphere, while educating outstanding students to become creative members of society. All students complete a six-semester interdisciplinary core, one semester of college algebra, one semester of introductory statistics and critical problem solving, two semesters of science, one semester of Orthodox Christian theology and one semester of New Testament. 7067556 true true false false false false false false false true false false true true false true false true false false false false false false false false false true false false false false true false false false false false false false false false false false false false true 391 0 true 163 true false false false false false false false false false false false false X 11 11 true true false false false false false true true false false true true true true true true true true false CA X Laurel Maguire 7609431107 277 Rancheros Drive 200 San Marcos CA 92069 Concetta Smarius Trustee/Chair Audit & Finance Committee (treasurer) 1.0 X X 0 0 0 Daniel Braun Chairman of the board 1.0 X X 0 0 0 Andrew Geleris Trustee 1.0 X 0 0 0 Arturo Alemany Trustee 1.0 X 0 0 0 Carol Vassiliadis Trustee 1.0 X 0 0 0 David Aberizk Trustee 1.0 X 0 0 0 Penny Brunner Trustee 1.0 X 0 0 0 Steven Kreta Trustee 1.0 X 0 0 0 Terry Orr-Weaver Trustee 1.0 X 0 0 0 Tom Braun Trustee 1.0 X 0 0 0 William Nassir Trustee 1.0 X 0 0 0 Charlotte Fowler (Part Year) CFO 10.0 X 0 0 0 Frank Papatheofanis President/Interm Secretary 40.0 X 140000 0 0 Marina Trigoni Chief Operating Officer / VP of Enrollment Mgmt 40.0 X 109472 0 0 249472 0 0 2 false false false 0 42272 172366 214638 Athletic program 611310 5078202 5078202 Academic program 611310 1041060 1041060 Bookstore and Late Fees 451211 12323 12323 0 0 0 0 6131585 486 486 177737 132062 45675 0 45675 45675 0 0 Credit Card Rewards 900099 9779 9779 29044 0 0 29044 38823 6431207 6131585 0 84984 2424325 2424325 0 0 140000 140000 2731323 2494462 236861 235216 203933 31283 34464 34464 11574 11574 88716 88716 169639 106139 63500 0 77504 66404 11100 37572 30151 7421 168689 143590 25099 1070811 926200 144611 234574 202037 32537 33738 11970 9393 12375 35716 35716 84174 23525 60649 Athletic Equip/Uniforms 439547 439547 Legal Settlement 177545 177545 Student Life / Bookstore 41166 41166 Memberships 28597 20511 8086 29775 0 29775 0 8294665 7067556 1203634 23475 37179 62235 1061346 748550 649364 48093 112138 0 0 171916 165270 456036 335591 142519 120445 0 122502 88297 0 5320020 2332105 6517769 79864 246345 250288 0 25000 37522 500000 0 5744637 367674 6515982 X 1215881 -647577 748550 649364 1964431 1787 2332105 6517769 X -1863458 -99186 X false true X true true true X 308758 1127728 880970 1565383 214638 4097477 0 0 308758 1127728 880970 1565383 214638 4097477 759227 3338250 14613 33019 129776 178223 355631 0 11313 262891 17020 64009 38823 394056 4847164 25788959 0.6887 0.7587 X Schedule A, Part II Columns (a) - (e): Per the instructions public support is measured using a 5-year computation period that includes the current and four prior tax years (including short years). The organization had a short year in 2021. The below chart clarifies the information represented in Schedule A, Part II: Column (a) - Twelve months ending 12/31/2019 Column (b) - Twelve months ending 12/31/2020 Column (c) - Six month period ending 6/30/2021 Column (d) - Twelve months ending 06/30/2022 Column (e) - Twelve months ending 06/30/2023 Schedule A, Part II The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 11313.0, COLUMN B - 31692.0, COLUMN C - 17020.0, COLUMN D - 64009.0, COLUMN E - 38823.0, COLUMN F - 162857.0; DESCRIPTION - ERC, COLUMN A - , COLUMN B - 231199.0, COLUMN C - , COLUMN D - , COLUMN E - , COLUMN F - 231199.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 199236 180466 18770 256800 155125 101675 120445 Operating Leases Right of Use Asset 5320020 5320020 Operating Lease Obligation 5744637 5744637 4039758 132062 132062 3907696 2523511 2523511 6431207 6002402 132062 132062 5870340 2424325 2424325 8294665 Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Rental Expenses - 132062 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Scholarships netted against revenue - 2424325 Adjustment to grant receivable - 99186 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Rental Expenses - 132062 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Scholarships netted against revenue - 2424325 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY The organization publicized its racially nondiscriminatory policy on the homepage of its website at all times during its tax year in a manner reasonably expected to be noticed by visitors. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT Federal financial aid funds are received from the U.S. Department of Education under Title IV of the Higher Education Act. The grants are provided to USK to award student assistance under the following programs: Federal Work Study (FWS) and Supplemental Educational Opportunity Grant (SEOG). true Scholarships 259 2424325 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. University of Saint Katherine awards financial aid to students in accordance with the University's institutional financial aid policies. All scholarships and grants are awarded to current students of the institution, thus enabling the institution to track their academic performance and use of all scholarship and grant funds. Academic awards to new students are based on test scores and GPA. Scholarships and grant funds are directly applied to the student accounts, with no cash changing hands. Frank Papatheofanis President Bridge Loan X 25000 25000 false true false 25000 Form 990, Part VI, Line 1a Delegate broad authority to a committee The organization has an Executive Committee made up of the Board Chair, Board Secretary, and one additional Board member. The Executive Committee has the broad authority to act on behalf of the full Board. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Tom Braun and Daniel Braun - Family relationship Form 990, Part VI, Line 3 Delegation of management duties PBO Advisory Group provided outsourced CFO services to University of Saint Katherine during the tax year. Charlotte Fowler, listed on Form 990 Part VII as CFO, was compensated $58,923.76 during calendar year 2022. Ms. Fowler performed a variety of management functions, including planning and executing budgets, supervising personnel, and executing financial operations. Form 990, Part VI, Line 11b Review of form 990 by governing body Form 990 is prepared by an independent CPA firm and is reviewed in detail by the Controller and President. A copy of the Form 990 is provided to the organization's governing body before it is filed with the Internal Revenue Service. Form 990, Part VI, Line 12c Conflict of interest policy Board members and officers sign an annual conflict of interest policy. The signed statements are reviewed by the President as well as the Audit and Finance Committee chair. If a conflict arises, then it is addressed by the board and actions are executed accordingly. Any board member or officer with a conflict would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Line 15a Process to establish compensation of top management official The compensation arrangement for the President was approved in advance by an authorized body of the organization composed entirely of individuals who do not have a conflict of interest with respect to the compensation arrangement. The authorized body obtained and relied upon appropriate comparability data prior to making its determination. The authorized body adequately documented the basis for its determination concurrently with making that determination, including the voting record. Form 990, Part VI, Line 15b Process to establish compensation of other employees The compensation arrangement for Charlotte Fowler was approved in advance by the President and COO of the organization who do not have a conflict of interest with respect to the compensation arrangement. The individuals obtained and relied upon appropriate comparability data prior to making its determination. A signed contract was entered into documenting the basis for its determination. Form 990, Part VI, Line 19 Required documents available to the public The governing documents, conflict of interest policy, and financial statements are available upon request. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Other Income - Total Revenue: 29044, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 29044; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Adjustment to pledge receivable - -99186;