SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public
Inspection
Name of the organization
MARYMOUNT CALIFORNIA UNIVERSITY
 
Employer identification number

95-2113260
Return Reference Explanation
FORM 990, PART VI, SECTION B, LINE 11 THE INFORMATIONAL RETURN WAS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND REVIEWED AND APPROVED BY MANAGEMENT. ONCE APPROVED BY THE MANAGEMENT, THE RETURN WAS PROVIDED TO THE REST OF THE BOARD PRIOR TO BEING FILED.
FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION'S BOARD OF TRUSTEES PERIODICALLY REVIEWS THE PRESIDENT'S COMPENSATION PACKAGE IN ITS CONSIDERATION. THE BOARD REVIEWS DATA PROVIDED BY SUCH ORGANIZATION AS ASSOCIATION OF INDEPENDENT CALIFORNIA COLLEGES AND UNIVERSITIES AS WELL AS OTHER DATA SOURCE.
FORM 990, PART VI, SECTION C, LINE 18 THE UNIVERSITY'S FORM 990 AND FORM 990-T ARE AVAILABLE TO THE PUBLIC EITHER THROUGH WWW.GUIDESTAR.ORG OR UPON WRITTEN REQUEST. THE UNIVERSITY WAS FORMED IN 1968 AND, HENCE, IS NOT REQUIRED TO MAKE THE FORM 1023 AVAILABLE FOR PUBLIC INSPECTION.
FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND INFORMATIONAL RETURNS AVAILABLE UPON WRITTEN REQUEST. THE INFORMATIONAL RETURNS ARE ALSO MADE AVAILABLE TO THE PUBLIC THROUGH WWW.GUIDESTAR.ORG, A PUBLIC WEBSITE.
FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -1,114.
FORM 990, PART XI, LINE 8 DURING THE YEAR ENDED JUNE 30, 2014, THE UNIVERSITY IDENTIFIED AN EVENT THAT OCCURRED IN FISCAL YEAR 2011 WHICH INDICATED THE CARRYING VALUE OF CERTAIN CONSTRUCTION IN PROGRESS ("CIP") AMOUNTS WERE IMPAIRED. THESE AMOUNTS WERE INCURRED IN CONNECTION WITH THE DEVELOPMENT OF NEW RESIDENCES THAT WERE PART OF THE UNIVERSITY'S CAMPUS MASTER PLAN ("CMP") WHICH WAS DEVELOPED IN 2006. IN FISCAL YEAR 2011, THE BOARD OF TRUSTEES HAD APPROVED PROMOTING AND SUPPORTING A BALLOT INITIATIVE WITH THE CITY OF RANCHO PALOS VERDES TO EXPEDITE SECURING THE ENTITLEMENTS FOR THE CMP. THE BALLOT WAS DEFEATED THEREBY EFFECTIVELY CANCELLING PLANS TO DEVELOP NEW RESIDENCES AND IMPAIRING THE ASSOCIATED CIP COSTS. COMPARATIVE TOTAL AMOUNTS OF THE 2013 YEAR HAVE BEEN ADJUSTED TO REFLECT THE CIP IMPAIRMENT. THE CIP, WHICH IS COMBINED WITH PROPERTY, PLANT & EQUIPMENT IN THE STATEMENT OF FINANCIAL POSITION, HAS BEEN ADJUSTED BY $2,476,165 AND THE NET ASSET BALANCE IN THE COMPARATIVE YEAR WAS ADJUSTED BY THE SAME AMOUNT.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2013

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