2025-04-21T16:55:42-05:00 2024-06-30 910189318 MOSS ADAMS LLP 225 S LAKE AVE PASADENA CA 91101 990 2023-07-01 132981115 OTIS COLLEGE OF ART AND DESIGN OTIS 3106656800 9045 LINCOLN BLVD LOS ANGELES CA 90045 CHARLES HIRSCHHORN PRESIDENT 3106656831 2025-04-18 1 1 LAUREN A HAVERLOCK P00545829 3104770450 2025-04-18 2023 2025-03-06 01:10:19Z CHARLES HIRSCHHORN 9045 LINCOLN BLVD LOS ANGELES CA 90045 108417703 0 X WWW.OTIS.EDU X 1918 CA OTIS COLLEGE OF ART AND DESIGN IS A WASC ACCREDITED COLLEGE SPECIALIZING IN ART AND DESIGN EDUCATION, OFFERING BOTH GRADUATE AND UNDERGRADUATE DEGREES. 16 16 1172 33 0 0 3293321 11089815 72196098 75093638 992036 1690278 871359 590269 77352814 88464000 31349443 25672686 0 0 36997353 37087422 0 0 1333532 17638388 20976564 85985184 83736672 -8632370 4727328 118191541 125367602 45011194 42650683 73180347 82716919 OTIS PREPARES DIVERSE STUDENTS OF ART AND DESIGN TO ENRICH OUR WORLD THROUGH THEIR CREATIVITY, THEIR SKILL, AND THEIR VISION. 0 0 70480813 25672686 75093638 OTIS PREPARES DIVERSE STUDENTS OF ART AND DESIGN TO ENRICH OUR WORLD THROUGH THEIR CREATIVITY, THEIR SKILL, AND THEIR VISION. THE COLLEGE OFFERS AN INTERDISCIPLINARY EDUCATION FOR APPROXIMATELY 1,200 FULL-TIME STUDENTS, AWARDING ACCREDITED BFA DEGREES IN ARCHITECTURE/LANDSCAPE/ INTERIORS, COMMUNICATION ARTS, DIGITAL MEDIA, FASHION DESIGN, FINE ARTS, PRODUCT DESIGN, AND TOY DESIGN; AND MFA DEGREES IN FINE ARTS, GRAPHIC DESIGN, AND WRITING. CONTINUING EDUCATION OFFERS CERTIFICATE PROGRAMS AS WELL AS PERSONAL AND PROFESSIONAL DEVELOPMENT COURSES. 70480813 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2309 0 1 1172 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X BISMARCK GARCIA 3108462637 9045 LINCOLN BOULEVARD SECOND FLOOR LOS ANGELES CA 90045 CHARLES J HIRSCHHORN PRESIDENT 37.50 X 473779 0 26927 PATRICK MAHANY END 92923 VP, INSTITUTIONAL ADVANCEMENT 37.50 X 268771 0 36175 JISEON L ISBARA END 63024 PROVOST 37.50 X 245538 0 18727 ANKUSH M MAHINDRA VP, FINANCE & ADMINISTRATION 37.50 X 183446 0 36320 JULIE A SPENCER STUDENT HEALTH DIRECTOR/PHYSICIAN 37.50 X 164455 0 35425 LAURA S KIRALLA END 1524 VP, CAMPUS LIFE 37.50 X 178673 0 21671 KAREN D HILL VP, HUMAN RESOURCES & DEVELOPMENT 37.50 X 167969 0 20887 MEG CRANSTON CHAIR, FINE ARTS 37.50 X 167552 0 21224 RUTH M CHOBANU-LEVY END 61024 ASSOCIATE VP, CONTROLLER 37.50 X 167947 0 21859 LAWRENCE ALDAVA VP, MARKETING & COMMUNICATIONS 37.50 X 180674 0 8388 NICHOLAS E NEGRETE VP, CAMPUS DIVERSITY 37.50 X 147356 0 22516 DWAYNE MOSER DEAN, ACADEMIC AFFAIRS 37.50 X 144158 0 30311 JOANNE MITCHELL ASSISTANT PROVOST, ACADEMIC AFFAIRS/ACREDITATION 37.50 X 140664 0 19372 HELANE P WILBOURNE ASSOCIATE VP, HUMAN RESOURCES & DEVELOPMENT 37.50 X 149928 0 13686 JOFFERY BLACK CHAIR, GAME & ENTERTAINMENT DESIGN 37.50 X 156110 0 8821 NICOLE NICHOLAS ASSOCIATE VP, SPECIAL PROJECTS 37.50 X 145041 0 6967 RONALD BERNARD CHAIR, ANIMATION 37.50 X 151405 0 5580 ALLISON B GRAFF-WEISNER VP, INSTITUTIONAL ADVANCEMENT 37.50 X 69367 0 733 BERRY STEIN TRUSTEE 1.00 X 0 0 0 BRONYA GALEF TRUSTEE 1.00 X 0 0 0 CLIFF EINSTEIN TRUSTEE 1.00 X 0 0 0 DAWN BAILLIE TRUSTEE 1.00 X 0 0 0 DEBRA WONG YANG TRUSTEE 1.00 X 0 0 0 DIANE ZIERING TRUSTEE 1.00 X 0 0 0 JAMES HYMAN TRUSTEE 1.00 X 0 0 0 JEFFREY SHAMES TRUSTEE 1.00 X 0 0 0 JENNIFER MCCORMICK TRUSTEE 1.00 X 0 0 0 LEO CHU TRUSTEE 1.00 X 0 0 0 LEONARDO LAWSON TRUSTEE 1.00 X 0 0 0 LESLIE BELZBERG TRUSTEE 1.00 X 0 0 0 MEI-LEE NEY TRUSTEE 1.00 X 0 0 0 QING DUNCAN TRUSTEE 1.00 X 0 0 0 ROGER BROWN TRUSTEE 1.00 X 0 0 0 WINIFRED NEISSER TRUSTEE 1.00 X 0 0 0 3302833 0 355589 44 0 1 0 BON APPETIT MANAGEMENT COMPANY PO BOX 50196 LOS ANGELES CA 90074 FOOD SERVICE PROVIDER 2447940 ALL CARE INDUSTRIES INC 7372 WALNUT AVE A BUENA PARK CA 90620 JANITORIAL SERVICES 618675 KONE ELEVATOR PO BOX 102425 PASADENA CA 91189 CONSTRUCTION SERVICES 358245 CDW GOVERNMENT INCORPORATION 75 REMITTANCE DRIVE SUITE 1515 CHICAGO IL 60675 SOFTWARE SERVICES 323534 APOGEE TELECOM 1905A KRAMER LANE AUSTIN TX 78758 TELECOM SERVICES 259661 17 116342 15620 10957853 11089815 TUITION AND FEES 611600 69015309 69015309 AUXILIARY ENTERPRISES 900099 6078329 6078329 75093638 1215388 1215388 20331156 19856266 474890 474890 474890 122708 116342 97437 25271 25271 OTHER INCOME 900099 564998 564998 564998 88464000 75093638 0 2280547 25672686 25672686 3169819 1460066 991524 718229 26000860 22746084 3254776 1533950 1165802 368148 3909740 2971402 938338 2473053 1533293 593533 346227 233356 233356 127075 127075 26310 26310 1219156 754890 446254 18012 508512 157534 347923 3055 1172815 854350 281627 36838 2304232 291082 1973818 39332 3161412 3103853 46047 11512 768272 522946 170967 74359 134198 107672 26502 24 1070515 1070515 2643644 2511462 105746 26436 439391 439391 STUDENT MEDICAL INSURAN 1511641 1511641 EQUIP COST UNDER $1,000 658908 582370 76436 102 REPAIRS AND MAINTENANCE 213300 125609 87691 DUES & SUBSCRIPTIONS 131797 53072 78725 4652030 4354999 237625 59406 83736672 70480813 11922327 1333532 2308950 3286305 11950576 7353099 453280 1175630 2299092 1179680 31661 34838 1292121 941605 101277749 38569235 62818348 62708514 35782880 47691705 609260 517222 64290 63945 581083 415059 118191541 125367602 7348424 5485534 8536897 9326128 28377675 27303742 748198 535279 45011194 42650683 X 35468861 35685817 37711486 47031102 73180347 82716919 118191541 125367602 4727328 4809244 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 23342549 4069024 6829191 1021593 542051 32677120 21327765 50000 3097001 964979 167238 23342549 24557904 1575000 -3938744 698116 168279 21327765 19785040 6070816 623588 674364 24557904 21044939 -543338 716561 19785040 0.04410 0.78170 0.17420 0 0 3875677 3875677 73626728 18713919 54912809 22776522 19855316 2921206 998822 998822 62708514 OTHER DEBT 105813 CAPITAL LEASE OBLIGATION 429466 535279 X 70110834 4809244 4809244 65301590 26310 23136100 23162410 88464000 60574262 0 60574262 26310 23136100 23162410 83736672 PART III, LINE 1A: THE COLLEGE COLLECTIONS ARE MADE UP OF DONATED ARTWORK OF HISTORICAL SIGNIFICANCE WHICH ARE NOT RECORDED AS ASSETS AND ARE HELD FOR EDUCATIONAL AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO FUND ENDOWED SCHOLARSHIPS. PART III, LINE 4: COLLECTIONS ARE: - HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN - PROTECTED, KEPT UNENCUMBERED, CARED FOR, AND PRESERVED - SUBJECT TO A DONOR POLICY THAT REQUIRES THE PROCEEDS FROM SALES OF COLLECTION ITEMS TO BE USED TO FUND AN ENDOWMENT FUND PART V, LINE 4: OTIS USES FUNDS TO ESTABLISH SCHOLARSHIPS AND FUNDED PROGRAMS. THE AMOUNT OF EARNINGS TO BE SPENT AS SCHOLARSHIPS DEPENDS ON THE FOLLOWING: 1. IF DONOR LETTER IS ON FILE, FOLLOW THE DONOR'S INTENTIONS. 2. IF NO DONOR LETTER IS ON FILE, ACCORDING TO THE BOARD OF TRUSTEES, SPENDING SHOULD NOT EXCEED 4.5% (PER YEAR) OF BEGINNING PRINCIPAL BALANCE 3. THE AMOUNT TO SPEND ON SCHOLARSHIPS SHOULD NOT EXCEED THE ORIGINAL PRINCIPAL UNLESS SPECIFIED BY DONOR LETTER OR BOARD OF TRUSTEES 4. TRANSFER ENDOWMENT FUNDS TO RESTRICTED FUNDS SCHOLARSHIPS AT THE END OF THE YEAR PART X, LINE 2: THE COLLEGE IS A TAX-EXEMPT ORGANIZATION AND IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES, EXCEPT FOR UNRELATED BUSINESS INCOME, IN ACCORDANCE WITH SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE COLLEGE HAD NO UNRELATED BUSINESS INCOME TAX DURING THE FISCAL YEARS ENDED JUNE 30, 2024 AND 2023, AND NO TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE COLLEGE RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024 AND 2023. THE COLLEGE FILES AN EXEMPT ORGANIZATION RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 23,233,537. SPECIAL EVENT -97,437. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 23,233,537. SPECIAL EVENT -97,437. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 OTIS PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS COLLEGE CLASS CATALOG THAT IS DISTRIBUTED TO STUDENTS FOR ENROLLMENT AS WELL AS AVAILABLE TO THE GENERAL PUBLIC. IN ADDITION, THE COLLEGE POSTS THIS INFORMATION ON ITS WEBSITE AND INCLUDES IT IN APPLICATION MATERIALS. SCHEDULE E, PART I, LINE 6 OTIS RECEIVED FEDERAL AWARDS FROM THE U.S. DEPARTMENT OF EDUCATION DURING THE YEAR. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS INVESTMENT 504701 EAST ASIA AND THE PACIFIC 0 1 PROGRAM SERVICES CONSULTING 45237 0 1 0 0 0 1 549938 0 549938 0 0 0 1 1 0 PART I, LINE 2: INVESTMENT ACTIVITY IN PRIVATE EQUITY FUNDS ARE OVERSEEN BY INVESTMENT MANAGER. PART I, LINE 3 METHOD OF ACCOUNTING - ACCRUAL BASIS, INVESTMENTS ATELIER 239050 116342 122708 32882 30522 19310 14723 239050 116342 122708 32882 30522 19310 14723 97437 25271 1 STUDENT SCHOLARSHIPS 1261 25672686 PART I, LINE 2: ALL STUDENT SCHOLARSHIPS ARE POSTED TO THE STUDENT ACCOUNTS BY THE FINANCIAL AID OFFICE AND PAY FOR TUITION AND FEES. PER OTIS POLICY, BFA/MFA SCHOLARSHIPS DO NOT EXCEED TUITION AND FEES. X X X 1 0 0 0 0 0 0 1 0 CHARLES J HIRSCHHORN PRESIDENT 408216 0 65563 0 0 0 17606 0 9321 0 500706 0 0 0 PATRICK MAHANY END 92923 VP, INSTITUTIONAL ADVANCEMENT 125147 0 0 0 143624 0 26737 0 9438 0 304946 0 0 0 JISEON L ISBARA END 63024 PROVOST 230538 0 15000 0 0 0 18727 0 0 0 264265 0 0 0 ANKUSH M MAHINDRA VP, FINANCE & ADMINISTRATION 183446 0 0 0 0 0 23735 0 12585 0 219766 0 0 0 JULIE A SPENCER STUDENT HEALTH DIRECTOR/PHYSICIAN 164455 0 0 0 0 0 22615 0 12810 0 199880 0 0 0 LAURA S KIRALLA END 1524 VP, CAMPUS LIFE 178673 0 0 0 0 0 21671 0 0 0 200344 0 0 0 KAREN D HILL VP, HUMAN RESOURCES & DEVELOPMENT 162469 0 0 0 5500 0 14795 0 6092 0 188856 0 0 0 MEG CRANSTON CHAIR, FINE ARTS 167552 0 0 0 0 0 19286 0 1938 0 188776 0 0 0 RUTH M CHOBANU-LEVY END 61024 ASSOCIATE VP, CONTROLLER 157947 0 10000 0 0 0 21769 0 90 0 189806 0 0 0 LAWRENCE ALDAVA VP, MARKETING & COMMUNICATIONS 180674 0 0 0 0 0 6096 0 2292 0 189062 0 0 0 NICHOLAS E NEGRETE VP, CAMPUS DIVERSITY 147356 0 0 0 0 0 20377 0 2139 0 169872 0 0 0 DWAYNE MOSER DEAN, ACADEMIC AFFAIRS 144158 0 0 0 0 0 12165 0 18146 0 174469 0 0 0 JOANNE MITCHELL ASSISTANT PROVOST, ACADEMIC AFFAIRS/ 140664 0 0 0 0 0 17633 0 1739 0 160036 0 0 0 HELANE P WILBOURNE ASSOCIATE VP, HUMAN RESOURCES & DEVE 149928 0 0 0 0 0 11185 0 2501 0 163614 0 0 0 JOFFERY BLACK CHAIR, GAME & ENTERTAINMENT DESIGN 149984 0 6126 0 0 0 6083 0 2738 0 164931 0 0 0 NICOLE NICHOLAS ASSOCIATE VP, SPECIAL PROJECTS 145041 0 0 0 0 0 3725 0 3242 0 152008 0 0 0 RONALD BERNARD CHAIR, ANIMATION 151405 0 0 0 0 0 2888 0 2692 0 156985 0 0 0 PART I, LINE 4A PATRICK MAHANY RECEIVED $73,667 OF SEVERANCE PAYMENT FROM THE ORGANIZATION. PART I, LINE 7 THE CEO RECEIVES A NON-FIXED PERFORMANCE BONUS SET BY THE BOARD. ALL OTHER NON-FIXED PERFORMANCE BONUSES ARE SET BY THE CEO FOR EXECUTIVE PERFORMANCE. A CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 2014-06-03 34912500 SEE PART VI 0 0 0 A 7594179 34912500 32743336 2169164 2016 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 A 0 1 0 0 1 0 0 0 1 A 1 SCHEDULE K, PART I, COLUMN (F): TO REFINANCE THE 1999 CEFA REVENUE BONDS. LOAN PROCEEDS FINANCED THE COST OF ACQUISITION, CONSTRUCTION, EQUIPPING, AND FURNISHING REAL PROPERTY AND IMPROVEMENTS AT 9045 LINCOLN BOULEVARD, INCLUDING ACADEMIC SPACE, AN AUDITORIUM, RESIDENCE HALL, LEARNING COMMONS, AND OTHER ANCILLARY FACILITIES. FORM 990, PART VI, SECTION B, LINE 11B THE FULL 990 IS REVIEWED BY THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ANNUALLY DISTRIBUTES A CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE FOR BOARD MEMBERS TO COMPLETE. THE BOARD COORDINATOR COLLECTS THE QUESTIONNAIRES AND PROVIDES TO THE VP OF FINANCE AND ADMINISTRATION WHO REVIEWS THEM FOR ANY CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE PRESIDENT IS INITIALLY DETERMINED USING COMPARABILITY DATA, EITHER FROM A COMPENSATION SURVEY, STUDY OR CONSULTANT. THE BOARD THEN APPROVES THE COMPENSATION OF THE PRESIDENT AND ANY ANNUAL INCREASES INDEPENDENTLY, WITHOUT THE PARTICIPATION OF THE INTERESTED PERSON. THE COMPENSATION OF OTHER KEY EMPLOYEES AND OFFICERS IS DETERMINED BY THE PRESIDENT USING COMPARABILITY DATA. THE PRESIDENT DETERMINES COMPENSATION OF THE OFFICERS INDEPENDENTLY, WITHOUT THE PARTICIPATION OF THE OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 - FINANCIAL STATEMENTS ARE AVAILABLE ONLINE - GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC.