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University of Southern California

Public charityFed auditsIRS 990990-T FY2023
DBA: % CASANDRA PORTER COMPTROLLER
Other · LOS ANGELES, CA · EIN 95-1642394

About

The central mission of the university of southern california is the development of human beings and society as a whole through the cultivation and enrichment of the human mind and spirit. The principal means by which our mission is accomplished are teaching, research, artistic creation, professional practice, and selected forms of public service. Our first priority as faculty and staff is the education of our students, from freshmen to postdoctorals, through a broad array of academic, professional, extracurricular, and athletic programs of the first RANK. The integration of liberal and professional learning is one of USC's special strengths. We strive constantly for excellence in teaching knowledge and skills to our students, while at the same time helping them to acquire wisdom and insight, love of truth and beauty, moral discernment, understanding of self, and respect and appreciation for others. Research of the highest quality by our faculty and students is fundamental to our mission. USC is one of a very small number of premier academic institutions in which research and teaching are inextricably intertwined, and on which the nation depends for a steady stream of new knowledge, art, and technology. Our faculty are not simply teachers of the works of others, but active contributors to what is taught, thought, and practiced throughout the world. USC is pluralistic, welcoming outstanding men and women of every race, creed, and background. We are a global institution in a global center, attracting more international students over the years than ANY other american university. And we are private, unfettered by political control, strongly committed to academic freedom, and proud of our entrepreneurial heritage. An extraordinary closeness and willingness to help one another are evident among USC students, alumni, faculty, and staff; indeed, for those within its compass the trojan family is a genuinely supportive community. Alumni, trustees, volunteers, and friends of USC are essential to this family tradition, providing generous financial support, participating in university governance, and assisting students at every turn. In our surrounding neighborhoods and around the globe, USC provides public leadership and public service in such diverse fields as health care, economic development, social welfare, scientific research, public policy, and the arts. We also serve the public interest by being the largest private employer in the city of LOS angeles, as well as the city's largest export industry in the private sector. USC has played a major role in the development of southern california for more than a century and plays an increasingly important role in the development of the nation and the world. We expect to continue to play these roles for many centuries to come. Thus our planning, commitments and fiscal policies are directed toward building quality and excellence in the long term.

In care of Casandra Porter Comptroller

Donations are tax-deductible
Category
Other
Employees
44,960
Volunteers
0

Financial Snapshot

FY ending 2023-06-30
Revenue
$5.1B
Expenses
$5.1B
Assets
$13.8B
Liabilities
$4.2B

Financial history

$6.0B$3.0B$0
1617181920212223
RevenueExpenses
Latest FY2023: $5.1B · Peak FY2019: $5.9B · Avg: $5.4B

Foreign activity (Schedule F)

Total spent abroad$1.8B
Foreign employees390
Foreign offices11
Foreign partnership interestYes
Foreign trust interestYes
RegionActivitySpent
Central America and the Caribbean
East Asia and the Pacific
Europe (Including Iceland and Greenland)
Middle East and North Africa
North America
Russia and the Newly Independent States
South America
South Asia
Sub-Saharan Africa
Central America and the Caribbean
East Asia and the Pacific
Europe (Including Iceland and Greenland)
Middle East and North Africa
North America
South America
South Asia
Sub-Saharan Africa
Central America and the Caribbean
East Asia and the Pacific
Europe (Including Iceland and Greenland)
Middle East and North Africa
North America
East Asia and the Pacific
Europe (Including Iceland and Greenland)
Middle East and North Africa

501(h) election

This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.

Political & Grant Activity

Campaign Spending
Lobbying
$1.8M
Grants Given
$784.0M
UNIVERSITY OF SOUTHERN CALIFORNIA
Your actions

Address

University Park
LOS Angeles, CA, 90089-000

Governance

Voting board members34
Independent members33
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsYes
Equity-based compNo
Supplemental retirement planYes
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionYes

Financial detail (Schedule D)

Board-designated %26.5%
Permanent endowment %73.5%
Endowment held by related orgYes

Fundraising activity (Schedule G)

Uses professional fundraisersYes
Net to org$0
Retained by contractors$45K
ChannelsMail · Phone · Email · In-person · Grant solicitation
Public records
ProPublica Nonprofit Explorer
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.