efile Public Visual Render
ObjectId: 202341359349303724 - Submission: 2023-05-15
TIN: 95-1642394
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Go to
www.irs.gov/Form990
for instructions and the latest information.
OMB No. 1545-0047
20
21
Open to Public Inspection
Name of the organization
University of Southern California
Employer identification number
95-1642394
Part I
Identification of Disregarded Entities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity
(b)
Primary activity
(c)
Legal domicile (state
or foreign country)
(d)
Total income
(e)
End-of-year assets
(f)
Direct controlling
entity
(1)
USC GATEWAY LLC
UNIVERSITY GARDENS - UGB203
LOS ANGELES
,
CA
90089
20-2108058
PROPERTY MGMT
CA
0
0
USC
(2)
USC VERDUGO HILLS HOSPITAL LLC
UNIVERSITY GARDENS - UGB205
LOS ANGELES
,
CA
90089
80-0912056
ACUTE CARE
CA
0
0
USC
Part II
Identification of Related Tax-Exempt Organizations.
Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization
(b)
Primary activity
(c)
Legal domicile (state
or foreign country)
(d)
Exempt Code section
(e)
Public charity status
(if section 501(c)(3))
(f)
Direct controlling
entity
(g)
Section 512(b)(13) controlled entity?
Yes
No
(1)
AE MANN INSTIT FOR BIOMEDICAL ENGINEER
c/o USC UGB203
LOS ANGELES
,
CA
90089
95-4684347
BIOMEDICAL
DE
501(C)(3)
12C
NA
No
(2)
ICT PRODUCTIONS INC
C/O USC UGB203
LOS ANGELES
,
CA
90089
95-4843260
EDUC. MEDIA
CA
501(C)(3)
12A
USC
Yes
(3)
LORD FOUNDATION OF CALIFORNIA
C/O USC UGB203
LOS ANGELES
,
CA
90089
95-3168340
USC SUPPORT
CA
501(C)(3)
12A
USC
Yes
(4)
DAVID X MARKS FOUNDATION
C/O USC UGB203
LOS ANGELES
,
CA
90089
95-6034304
USC SUPPORT
CA
501(C)(3)
12A
USC
Yes
(5)
USC CARE MEDICAL GROUP INC
1510 SAN PABLO ST SUITE 649
LOS ANGELES
,
CA
90033
95-4540991
MANAGED CARE
CA
501(C)(3)
10
USC HEALTH
Yes
(6)
SURVIVORS OF SHOAH VISUAL HISTORY FDN
C/O USC 650 W 35TH ST
LOS ANGELES
,
CA
90089
95-4474965
EDUC. MEDIA
CA
501(C)(3)
7
USC
Yes
(7)
PACIFIC-12 CONFERENCE
1350 TREAT BOULEVARD
WALNUT CREEK
,
CA
94597
94-1459048
USC SUPPORT
CA
501(C)(3)
12A
NA
No
(8)
THE ASC TRUST AT USC
C/O R FOX 1500 MARKET STREET
PHILADELPHIA
,
PA
19102
77-6216147
USC SUPPORT
PA
501(C)(3)
12D
NA
No
(9)
USC VERDUGO HILLS HOSPITAL FOUNDATION
1812 VERDUGO BLVD
GLENDALE
,
CA
91208
95-3247823
USC SUPPORT
CA
501(C)(3)
12A
VHH
Yes
(10)
NAT'L HLTHCRE RESEARCH & EDUC FINANCE CO
1445 ROSS AVENUE STE 3800
DALLAS
,
TX
75202
31-1707979
USC SUPPORT
TX
501(C)(3)
12C
NA
No
(11)
ALBEDO INSURANCE COMPANY IC
UNIVERSITY GARDENS UGB203
LOS ANGELES
,
CA
90089
85-1454978
USC SUPPORT
VT
501(C)(3)
12A
USC
Yes
(12)
USC CAPTIVE INSURANCE COMPANY
UNIVERSITY GARDENS UGB203
LOS ANGELES
,
CA
90089
85-1454519
USC SUPPORT
VT
501(C)(3)
12A
USC
Yes
(13)
GENERAL LIABILITY DEFENSE IC
UNIVERSITY GARDENS UGB203
LOS ANGELES
,
CA
90089
85-1472543
USC SUPPORT
VT
501(C)(3)
12A
USC
Yes
(14)
USC HEALTH SYSTEM
1510 SAN PABLO STREET
LOS ANGELES
,
CA
90089
85-0666499
USC SUPPORT
CA
501(C)(3)
12A
USC
Yes
(15)
KECK MEDICAL CENTER OF USC
1510 SAN PABLO STREET
LOS ANGELES
,
CA
90033
85-1644866
HOSPITAL
CA
501(C)(3)
3
USC HEALTH
Yes
(16)
USC VERDUGO HILLS HOSPITAL
1812 VERDUGO BOULEVARD
GLENDALE
,
CA
91208
85-1634852
HOSPITAL
CA
501(C)(3)
3
USC HEALTH
Yes
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2021
Page 2
Schedule R (Form 990) 2021
Page
2
Part III
Identification of Related Organizations Taxable as a Partnership.
Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization
(b)
Primary activity
(c)
Legal
domicile
(state or foreign
country)
(d)
Direct controlling
entity
(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)
(f)
Share of total income
(g)
Share of end-of-year
assets
(h)
Disproprtionate allocations?
(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
(j)
General or
managing
partner?
(k)
Percentage
ownership
Yes
No
Yes
No
(1)
USCSCA SURGICAL HOLDINGS LLC
1510 SAN PABLO ST
LOS ANGELES
,
CA
90033
HOLDING COMPANY
CA
USC
RELATED
0
(2)
KECK MED OF USC AND HENRY MAYO NEWHALL
1441 Eastlake Ave
LOS ANGELES
,
CA
90033
85-3779519
HEALTHCARE SRVS
CA
NA
0
(3)
SUMMERTIME APARTMENTS
3990 RUFFIN ROAD SUITE 100
SAN DIEGO
,
CA
92123
33-0167146
HOUSING
CA
USC
RELATED
159,972
3,822,214
No
0
No
64.350 %
Part IV
Identification of Related Organizations Taxable as a Corporation or Trust.
Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
(b)
Primary activity
(c)
Legal
domicile
(state or foreign
country)
(d)
Direct controlling
entity
(e)
Type of entity
(C corp, S corp,
or trust)
(f)
Share of total income
(g)
Share of end-of-year
assets
(h)
Percentage
ownership
(i)
Section 512(b)(13) controlled entity?
Yes
No
(1)
MAY ROBERTS DEWRIGHT TRUST
UNIVERSITY GARDENS - UGB203
LOS ANGELES
,
CA
900898003
95-6284845
USC SUPPORT
CA
USC
T
1,453,954
8,169,595
100.000 %
Yes
(2)
INTEGRATED DIGITAL ASSET CORPORATION
UNIVERSITY GARDENS - UGB203
LOS ANGELES
,
CA
900898003
95-4680904
3RD PARTY CON
CA
USC
C
0
0
100.000 %
Yes
(3)
CHARITABLE REMAINDER TRUST (389)
SEE PART VII FOR COLUMN C
SEE PART VII
,
CA
90089
FUNDRAISING
USC
T
Yes
(4)
POOLED INCOME FUND (1)
FUNDRAISING
CA
USC
T
Yes
Schedule R (Form 990) 2021
Page 3
Schedule R (Form 990) 2021
Page
3
Part V
Transactions With Related Organizations.
Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note.
Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1
During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a
Receipt of
(i)
interest,
(ii)
annuities,
(iii)
royalties, or
(iv)
rent from a controlled entity
.....................
1a
Yes
b
Gift, grant, or capital contribution to related organization(s)
............................
1b
No
c
Gift, grant, or capital contribution from related organization(s)
............................
1c
Yes
d
Loans or loan guarantees to or for related organization(s)
............................
1d
No
e
Loans or loan guarantees by related organization(s)
............................
1e
No
f
Dividends from related organization(s)
............................
1f
g
Sale of assets to related organization(s)
............................
1g
No
h
Purchase of assets from related organization(s)
............................
1h
No
i
Exchange of assets with related organization(s)
............................
1i
No
j
Lease of facilities, equipment, or other assets to related organization(s)
.......................
1j
No
k
Lease of facilities, equipment, or other assets from related organization(s)
......................
1k
No
l
Performance of services or membership or fundraising solicitations for related organization(s)
.....................
1l
No
m
Performance of services or membership or fundraising solicitations by related organization(s)
.................
1m
Yes
n
Sharing of facilities, equipment, mailing lists, or other assets with related organization(s)
...................
1n
Yes
o
Sharing of paid employees with related organization(s)
............................
1o
No
p
Reimbursement paid to related organization(s) for expenses
............................
1p
Yes
q
Reimbursement paid by related organization(s) for expenses
............................
1q
Yes
r
Other transfer of cash or property to related organization(s)
............................
1r
Yes
s
Other transfer of cash or property from related organization(s)
............................
1s
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization
(b)
Transaction
type (a-s)
(c)
Amount involved
(d)
Method of determining amount involved
(1)
USC CARE MEDICAL GROUP INC
P
1,506,815
FMV
(2)
USC CARE MEDICAL GROUP INC
N
422,047
FMV
(3)
USC CARE MEDICAL GROUP INC
M
2,389,680
FMV
(4)
KECK MEDICAL CENTER OF USC
P
47,872,261
FMV
(5)
KECK MEDICAL CENTER OF USC
N
34,181,078
FMV
(6)
KECK MEDICAL CENTER OF USC
R
18,306,230
FMV
(7)
KECK MEDICAL CENTER OF USC
M
10,570,739
FMV
(8)
VERDUGO HILLS HOSPITAL
P
2,220,179
FMV
(9)
VERDUGO HILLS HOSPITAL
M
2,530,982
FMV
(10)
DAVID X MARKS FOUNDATION
C
1,631,600
FMV
(11)
MAY ROBERTS DEWRIGHT TRUST
A
-2,175,971
FMV
(12)
MAY ROBERTS DEWRIGHT TRUST
C
855,342
FMV
(13)
ALBEDO INSURANCE COMPANY IC
Q
37,042,725
FMV
Schedule R (Form 990) 2021
Page 4
Schedule R (Form 990) 2021
Page
4
Part VI
Unrelated Organizations Taxable as a Partnership.
Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity
(b)
Primary activity
(c)
Legal domicile
(state or foreign
country)
(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)
(e)
Are all partners
section
501(c)(3)
organizations?
(f)
Share of total income
(g)
Share of
end-of-year
assets
(h)
Disproprtionate allocations?
(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065)
(j)
General or
managing
partner?
(k)
Percentage
ownership
Yes
No
Yes
No
Yes
No
Schedule R (Form 990) 2021
Page 5
Schedule R (Form 990) 2021
Page
5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R. See instructions.
Return Reference
Explanation
PART IV, LINE 4, COLUMN (C)
THE LEGAL DOMICILES OF THE CHARITABLE REMAINDER TRUSTS INCLUDE: CA, CO, FL, GA, HI, IN, MA, NV, PA, AND WA.
Schedule R (Form 990) 2021
Additional Data
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