2025-05-12T22:10:56-05:00 2024-06-30 910189318 MOSS ADAMS LLP 21700 OXNARD ST STE 300 WOODLAND HILLS CA 91367 990 2023-07-01 843689595 CDU FOUNDATION CDUF 3235635929 1731 E 120TH STREET LOS ANGELES CA 90059 ANGELA MINNIEFIELD BOARD CHAIR 3235635929 2025-05-09 1 1 LAUREN A HAVERLOCK P00545829 8185771900 2025-05-09 2023 2025-03-06 01:10:19Z ANGELA MINNIEFIELD 1731 E 120TH STREET LOS ANGELES CA 90059 158700 0 X CDREWU.EDU X 2019 CA THE CDU FOUNDATION WAS CREATED TO SUPPORT THE MISSION OF CDU TO CARRY OUT ITS CHARITABLE PURPOSES. 4 1 0 5 0 0 0 0 0 0 158600 158700 0 0 158600 158700 0 0 0 0 0 0 0 0 0 0 0 0 0 158600 158700 10588502 10262700 484502 0 10104000 10262700 X THE PURPOSE OF THIS CORPORATION IS TO PERFORM THE CHARITABLE FUNCTIONS OF AND CARRY OUT THE CHARITABLE PURPOSES OF CHARLES R. DREW UNIVERSITY OF MEDICINE & SCIENCE, CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION. THIS ORGANIZATION IS A SUPPORTING ORGANIZATION CONTROLLED BY THE HEAD ORGANIZATION, AS SPECIFIED IN SECTION 509(A)(3) OF THE IRS CODE. 0 0 THE CDU FOUNDATION SUPPORTS THE NEW MARKET TAX CREDIT STRUCTURE USED FOR CAPITAL EXPANSION OF THE CHARLES R. DREW UNIVERSITY OF MEDICINE AND SCIENCE. THE EXPANSION WILL INCLUDE A STUDENT CENTER, A GRAND ENTRANCE AND A WELLNESS BUILDING. 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X ELIZABETH BASKERVILLE 3235635929 1731 EAST 120TH STREET LOS ANGELES CA 90059 ANGELA MINNIEFIELD BOARD CHAIR 1.00 50.00 X X 0 310786 25447 CARL MCLANEY SECRETARY 1.00 50.00 X X 0 288221 17500 ELIZABETH BASKERVILLE TREASURER 1.00 50.00 X X 0 298484 31529 ARTURO YBARRA DIRECTOR (THRU 07/23) 1.00 X 0 0 0 JOHN COLEMAN DIRECTOR 1.00 X 0 0 0 0 897491 74476 0 0 1 0 0 158700 158700 158700 0 0 158700 0 0 0 0 1029558 688258 9558944 9558944 0 15498 10588502 10262700 484502 0 484502 0 X 10104000 10262700 10104000 10262700 10588502 10262700 158700 0 X 0 1 X 1 0 X X 1 CHARLES R DREW UNIVERSITY OF MEDICINE & SCIENCE 956151774 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 5A: CDU FOUNDATION WAS FORMED IN OCTOBER 2019 WITH THE PURPOSE OF SUPPORTING CHARLES R. DREW UNIVERSITY OF MEDICINE (CDU) 95-6151774. THE BYLAWS OF THE FILING ORGANIZATION EXPRESSLY STATE THAT THE FOUNDATION WAS FORMED FOR THE PURPOSES OF CARRYING OUT THE CHARITABLE FUNCTIONS AND CHARITABLE PURPOSES OF CDU. 0 X PART X, LINE 2: THE UNIVERSITY IS AN ORGANIZATION EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE, AND IS GENERALLY NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. HOWEVER, THE UNIVERSITY IS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM A TRADE OR BUSINESS, REGULARLY CARRIED ON, AND NOT IN FURTHERANCE OF THE PURPOSE FOR WHICH IT IS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED AS THE NET INCOME, IF ANY, FROM ANY UNRELATED TRADE OR BUSINESS, IN THE OPINION OF THE UNIVERSITY'S MANAGEMENT, IS NOT MATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. THE UNIVERSITY ACCOUNTS FOR THE UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH AN INTERPRETATION ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS. THIS GUIDANCE REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE UNIVERISTY'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD ARE REQUIRED TO BE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE CURRENT YEAR. ADDITIONALLY, THIS INTERPRETATION PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE UNIVERSITY HAD NO UNCERTAIN TAX POSITIONS THAT WERE NOT CONSIDERED MORE-LIKELY-THAN-NOT OF BEING SUSTAINED BY APPLICABLE TAX AUTHORITIES AS OF BOTH JUNE 30, 2024 AND 2023. 0 0 0 0 0 0 0 0 0 ANGELA MINNIEFIELD BOARD CHAIR 0 310786 0 0 0 0 0 17500 0 7947 0 336233 0 0 ELIZABETH BASKERVILLE TREASURER 0 298484 0 0 0 0 0 17500 0 14029 0 330013 0 0 CARL MCLANEY SECRETARY 0 288221 0 0 0 0 0 17500 0 0 0 305721 0 0 PART I, LINE 3 THE TOP MANAGEMENT OFFICIAL OF THE ORGANIZATION IS AN EMPLOYEE OF CHARLES DREW UNIVERSITY, A RELATED ORGANIZATION. COMPENSATION IS DETERMINED BY INPUT FROM A PROFESSIONAL COMPENSATION CONSULTANT AND COMPARABILITY TO MARKET. FORM 990, PART VI, SECTION A, LINE 7A AT ALL TIMES, THE MAJORITY OF THE DIRECTORS OF THE FOUNDATION SHALL BE INDIVIDUALS WHO ARE CURRENT DIRECTORS, OFFICERS, OR EMPLOYEES OF CDU. CDU'S BOARD OF TRUSTEES MAY NOMINATE A DIRECTOR FOR ELECTION BY THE BOARD TO REPLACE A REMOVED, VACANT OR RESIGNED DIRECTOR, OR A DIRECTOR WHOSE TERM HAS OTHERWISE EXPIRED. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT 990 IS CIRCULATED TO ALL BOARD MEMBERS PRIOR TO THE CONVENING OF A MEETING AT WHICH APPROVAL OF THE 990 IS AN AGENDA ITEM. THE ENTITY'S TAX PREPARER AND TREASURER REVIEW THE 990 WITH THE BOARD, WHO THEN HAS AN OPPORTUNITY TO ASK QUESTIONS OR INQUIRE AS TO GREATER DETAIL AND CLARIFICATION ON THE 990. ONCE DISCUSSION IS COMPLETE, A VOTE IS TAKEN AS TO WHETHER THE 990 IS ACCEPTED AND SHOULD BE FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST POLICIES ARE COMPLETED BY MEMBERS AND REVIEWED BY IN-HOUSE COUNSEL FOR ANY CONFLICTS. IDENTIFIED CONFLICTS ARE THEN FURTHER EVALUATED BY IN HOUSE COUNSEL AND A DETERMINATION IS MADE AS TO APPROPRIATE NEXT STEPS (REMOVAL OF THE CONFLICT, REMOVAL OF THE OFFICER, ETC). FORM 990, PART VI, SECTION B, LINE 15 THE TOP MANAGEMENT OFFICIAL AND ALL OFFICERS OF THE FOUNDATION RECEIVE COMPENSATION THROUGH CDU, WHICH FOLLOWS COMPENSATION SETTING PROCEDURES USING INDEPENDENT REVIEW, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS SUBJECT TO PUBLIC DISCLOSURE ARE PROVIDED UPON REQUEST. CHARLES R DREW UNIVERSITY OF MEDICINE & SCIENCE 1731 E 120TH STREET LOS ANGELES CA 90059 956151774 EDUCATION CA 501(C)(3) LINE 2 0 CDUMLK WELLNESS COLLABORATIVE LLC 1731 E 120TH STREET LOS ANGELES CA 90059 320690193 REAL ESTATE DEVELOPMENT & MANAGEMENT CA N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0