California Victor University EIN 47-3584132

California Victor University

EIN  47-3584132 Higher education institution Pomona, CA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
a college or university
Leadership
Benjamin Hong · President · $24K
Money in and out
$373K revenue, $333K expenses
Bottom line
+11% operating surplus

California Victor University is a college or university based in Pomona, CA. For fiscal year 2024 it reported $373K in revenue, $333K in expenses, and $408K in net assets.Pt I

Financial scale & money flow · FY2024
Total revenue
$373K
Pt VIII · Ln 12
Total expenses
$333K
Pt IX · Ln 25
Net assets
$408K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $39K
Where spending went · Part IX cols B–D
Program services $0.53 Management & general $0.47
Operating surplus
+11%
revenue over expenses, this legal entity▲ +27% vs prior filing year
Payroll share
47%
of this entity's spending is salaries & benefits▲ +3% vs prior filing year
Program spending
53%
of expenses reach program services▼ -2% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$373K
FY2024▲ +10%
Expenses
$333K
FY2024▲ +7%
Total assets
$823K
FY2024▲ +4%
Total liabilities
$414K
FY2024▼ -2%
Total revenue
$373K
Pt VIII · Ln 12
Total expenses
$333K
Pt IX · Ln 25
Net assets
$408K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$39K
Total assetsPt X · Ln 16$823K
Program-expense ratioPt IX · col B53%
Voting members of governing bodyPt I · Ln 31
Independent voting membersPt I · Ln 41
Mission & Programs · Part III

Where the work happens

1 program service account for $177K of program spending, described in the organization's own filed words · FY2024.
01

To teach theology to students

$177Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCalifornia Victor University
EINHdr · item D47-3584132
Principal addressHdr · item CPomona, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFAug 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a1
Independent voting membersPt VI · Ln 1b1
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$24,000Pt VII · Sec A

Benjamin Hong’s $24K as President is at the 17th percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Statement of Revenue

Part VIII
Program service revenue$337K · 90%
Other revenue$36K · 10%
Program service revenue90%$337K
Other revenue10%$36K
Total revenueLn 12$373K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.53 Management & general $0.47
Program services53%$177K
Management & general47%$157K
Total functional expensesLn 25$333K

Balance Sheet

Part X · end of year
CashLn 1$68K
Total assetsLn 16$823K
Total liabilitiesLn 26$414K
Total net assetsLn 32$408K
Months of cash on handcomputed2.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $68K · Operating expenses/yr $333K
2.4 months
Where the money goes
Program services
Program services $177K · Total expenses $333K
53%
Management & General
Management & general $157K · Total expenses $333K
47%
Fundraising
Fundraising $0 · Total expenses $333K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $373K
0%
Government reliance
Government grants — · Total revenue $373K
Earned-income share
Program service revenue $337K · Total revenue $373K
90%
Investment reliance
Investment income $0 · Total revenue $373K
0%
Program self-sufficiency
Program service revenue $337K · Total expenses $333K
101%
Growth & trend
Revenue growth (YoY)
This year $373K · Prior year $339K
+10%
Net-asset trend (YoY)
End of year $408K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $373K · Expenses $333K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $823K
Net-asset ratio
Net assets $408K · Total assets $823K
50%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $823K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Benjamin Hong · Reported title PRESIDENT · Highest reported compensation $24K · Total expenses $333K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $158K · Total expenses $333K
47%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 53%
Overhead ratio 47%
Revenue growth 10%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$373K revenue · viewing · ⤓ 990 PDF
FY2023$339K revenue · ⤓ 990 PDF
FY2022$554K revenue · ⤓ 990 PDF
FY2021$505K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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