2023-04-12T18:54:58-05:00 2022-05-31 420714325 RSM US LLP 30 S Wacker Drive Ste 3300 Chicago IL 60606 990 2021-06-01 363005527 The Chicago School of Professional Psychology CHIC 3123296600 325 North Wells Chicago IL 60654 Jennifer Gantz Corporate Treasurer 3123296600 2023-04-10 1 Jennifer Gantz 363005527 Rebekuh Eley P01247672 3126343400 2023-04-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z Michael Horowitz 203 N LaSalle Ste 1900 Chicago IL 60601 36999817 0 X www.TheChicagoSchool.edu X 1979 IL Integrating theory, practice, & innovation, The Chicago School of Professional Psychology provides an excellent education for careers in psychology & related behavioral & health sciences. 5 4 519 4 0 0 820889 1773903 32015542 33478505 3610817 1015850 1436279 712164 37883527 36980422 2066182 3108888 0 0 13954872 14153321 0 0 188772 16799001 16580550 32820055 33842759 5063472 3137663 85051044 82663765 6748288 6376441 78302756 76287324 X Integrating theory, practice, & innovation The Chicago School of Professional Psychology provides an excellent education for careers in psychology & related behavioral & health sciences. The College is committed to service & embraces the diverse communities of our society. 0 0 24553183 3108888 33478505 The College is part of a network of campuses of The Chicago School (TCSPP). TCSPP is made up of The Chicago School - California, Inc., a California nonprofit public benefit corporation, and the nonprofit campus entities of which The Chicago School California, Inc. is the sole corporate member, including the College. TCSPP is an accredited institution with more than 6,000 students at campuses across the country and more than 1,200 students at the Chicago, Illinois campus alone. TCSPP and the College have been innovators in the field of psychology and related behavioral sciences for more than forty years. The College offers more than twenty degree programs. It is regionally accredited by the Western Association of Schools & Colleges Senior College and University Commission and is an active member of the National Council of Schools and Programs and Professional Psychology, which has recognized the College for its distinguished service and outstanding contributions to cultural diversity and advocacy. 24553183 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 28 0 1 519 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 5 4 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X Jennifer Gantz 3123791699 203 N LaSalle Ste 1900 Chicago IL 60601 Michele Nealon Institution Pres./Trustee 2.00 38.00 X X 0 804823 96898 Terrence Layng Board Chair 2.00 12.00 X 0 0 0 Marie Hansen Vice Chair 2.00 6.00 X 0 0 0 Richard Chaifetz Trustee 2.00 16.00 X 0 0 0 George Mitchell Trustee 2.00 16.00 X 0 0 0 Michael Horowitz Corporate President/Trustee 2.00 38.00 X 0 1335486 104483 Deborah Solmor Corporate Secretary 2.00 38.00 X 0 329562 26509 Mehul Patel Corporate Treasurer (until 4/22) 2.00 38.00 X 0 290882 35450 Greg Beno Corporate Treasurer (as of 4/22) 2.00 38.00 X 0 223328 16018 Shari Mikos Asst. Corporate Secretary 2.00 38.00 X 0 240647 21624 Louvenia Hardaway Asst. Corp. Secretary (until 6/21) 2.00 38.00 X 0 25937 5483 Margaret Martyn Campus Dean 40.00 0.00 X 219162 0 36512 Annemarie Slobig Department Chair 40.00 0.00 X 140522 0 43457 Michael Kocet Department Chair 40.00 0.00 X 149440 0 18989 Jennifer Thompson Department Faculty 40.00 0.00 X 127220 0 51963 Keith Carroll Department Faculty 40.00 0.00 X 141262 0 19230 George Hay Department Chair 40.00 0.00 X 129226 0 36671 906832 3250665 513287 28 0 1 0 Alston & Bird LLP 1201 Peach Tree Street Atlanta GA 30309 Legal 233512 Best Quality Facility Services LLC 10015 Pacific Ave Franklin Park IL 60131 Building Maintenance 119649 2 1733879 40024 14000 1773903 Tuition and Fee Revenue 611310 33308947 33308947 Other School Revenue 611310 169558 169558 33478505 996879 996879 38366 19395 18971 18971 18971 Intercompany Revenue 900099 712164 712164 712164 36980422 33478505 0 1728014 3108888 3108888 264444 176305 88139 11529040 11384715 142481 1844 639380 634780 4581 19 808682 796116 12446 120 911775 890926 20718 131 3363769 3363769 103352 103352 38366 38366 193979 179316 12841 1822 3295853 3295853 66009 58364 7173 472 285 193 92 2828929 2604708 196577 27644 16945 15309 1635 1 128934 120554 8377 3 731135 673253 50778 7104 National Allocation 3150708 1634075 1367150 149483 Student Services 1671642 1670754 887 1 Bad Debt 163483 163483 Dues and Membership 31448 29266 2182 795713 575661 219924 128 33842759 24553183 9100804 188772 534187 1162761 5226374 1257825 672642 1134968 284846 317972 33539137 18359482 15868913 15179655 53649984 42461866 8814098 21148718 85051044 82663765 2202666 2112716 4448286 4019104 97336 244621 6748288 6376441 X 75802680 74033733 2500076 2253591 78302756 76287324 85051044 82663765 3137663 -5153095 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 74288133 -4209026 70079107 56684298 17671585 67750 74288133 50581266 3000000 3177411 74379 56684298 43936306 6000000 710861 65901 50581266 40307061 3629245 43936306 0.96900 0.03100 0.00000 0 0 24127835 9160887 14966948 2299107 2299107 0 2102898 1959728 143170 5009297 4939760 69537 15179655 Due from Affiliates 21148718 21148718 Deferred Rent 244621 244621 X Part V, Line 4: The intended use of The Chicago School of Professional Psychology's (the College's) endowment fund is for its program services. Part X, Line 2: The College has received notification that it qualifies as a tax-exempt organization under Section 501(c)(3) of the U.S. Internal Revenue Code and corresponding provisions of state law and, accordingly, is not subject to federal or state income taxes. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the College may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax exempt status of the College and various positions related to the potential sources of unrelated business taxable income. There were no unrecognized tax benefits identified or recorded as liabilities for the years ended May 31, 2022 and 2021. The College files Form 990 annually in the U.S. federal jurisdiction and in its respective state or district. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The Chicago School of Professional Psychology's nondiscrimination policies are published in the academic catalog, student handbook, and admissions policies, which are available to the public via the institution's website. Schedule E, Part I, Line 6 The Chicago School of Professional Psychology receives funds from the US Department of Education for several student financial assistance programs, including the Federal Direct Stafford Loan Program, Federal Direct Grad Plus Loan Program, Federal Direct Plus Loan Program, and Federal Work-Study Program. 1 Fellowships/Scholarships 319 2086704 HEERF - Student Funding 954 1022184 Part I, Line 2: The Chicago School of Professional Psychology provides institutional aid in the form of scholarships, fellowships, and grants to new and continuing students. The awarding of institutional aid depends on factors such as recommendations, academic standing, and other criteria related to admission or participation in a program. The Chicago School maintains records of institutional aid awards, criteria for awarding institutional aid, and evidence of the criteria for institutional aid being met by recipients. 0 0 0 0 0 0 0 1 0 Michael Horowitz Corporate President/Trustee 0 748829 0 539732 0 46925 0 77500 0 26983 0 1439969 0 0 Michele Nealon Institution Pres./Trustee 0 510991 0 252165 0 41667 0 77500 0 19398 0 901721 0 0 Deborah Solmor Corporate Secretary 0 265187 0 64375 0 0 0 23210 0 3299 0 356071 0 0 Mehul Patel Corporate Treasurer (until 4/22) 0 233382 0 57500 0 0 0 20901 0 14549 0 326332 0 0 Shari Mikos Asst. Corporate Secretary 0 192972 0 47675 0 0 0 17047 0 4577 0 262271 0 0 Margaret Martyn Campus Dean 182010 0 37152 0 0 0 15820 0 20692 0 255674 0 0 0 Greg Beno Corporate Treasurer (as of 4/22) 0 194946 0 28382 0 0 0 15599 0 419 0 239346 0 0 Annemarie Slobig Department Chair 134754 0 5768 0 0 0 10783 0 32674 0 183979 0 0 0 Jennifer Thompson Department Faculty 122335 0 4885 0 0 0 10372 0 41591 0 179183 0 0 0 Michael Kocet Department Chair 144383 0 5057 0 0 0 10545 0 8444 0 168429 0 0 0 George Hay Department Chair 124389 0 4837 0 0 0 9879 0 26792 0 165897 0 0 0 Keith Carroll Department Faculty 136155 0 5107 0 0 0 10052 0 9178 0 160492 0 0 0 Part I, Line 3 The Chicago School of Professional Psychology, with support from a related organization, TCS Education System, used one or more of the methods described below to establish the top management official's compensation: - Compensation Committee - Independent Compensation Consultant - Compensation Survey or Study - Form 990 of other organizations - Approval by the Board of Compensation Committee Part I, Line 7 The target opportunity for the discretionary award is established through market compensation and internal policy so as to relate pay, performance and rewards. Upon reviewing annual performance, the Executive Committee of the Board of Trustees determines results and the granting of discretionary awards, if any. Form 990, Part VI, Section A, line 6 The Chicago School - California, Inc. ("TCS CA") is the sole corporate member of The Chicago School of Professional Psychology ("TCSPP"). Form 990, Part VI, Section A, line 7a The Member has the authority to consent to the election of persons to membership on the Board of Trustees, this shall apply to any removal of a member of the Board. Form 990, Part VI, Section A, line 7b The following powers and responsibilities are reserved unto the corporate member, The Chicago School - California, Inc.: a. The authority of the Member to appoint persons to membership on the Board of Directors and shall consent to any removal of a director of the Board. b. The authority of the Member to appoint officers of the College. c. The authority of the Member to consent to a change in the Mission or Purpose of the College. d. The authority of the Member to consent to a change in the legal entity or tax structure of the College. e. The authority of the Member to approve amendments or revisions to the Articles of Incorporation or Bylaws. f. The authority of the Member to enter into any mortgage, deed of trust, pledge or other hypothecation of all or any part of the College's property, real or personal, for the purpose of securing the payment or performance of any contract or obligation. g. The authority of the Member to approve any Board decision to sell all or substantially all of the College's assets. h. The authority of the Member to enter into any merger or consolidation of the College. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent accounting firm (RSM US LLP) along with the advice of the management and attorneys of the organization. The Form 990 is posted to a secure web portal, allowing members to review and offer commentary prior to the filing of the Form 990. Form 990, Part VI, Section B, line 12c An Interested Person must annually disclose the existence of the facts and circumstances of any conflict of interest to either 1) the Board members and members of Board committees or 2) Human Resources with respect to any action or proposed action that gives rise to the conflict of interest. Pending review and resolution by the Board or the Governance Committee or Human Resources, the Interested Person shall be excluded from any deliberations or action concerning conflicts of the matter that gives rise to the conflict of interest. Each Board member, corporate officer, Board committee members and key employee shall annually sign a statement that affirms that such person a) has received a copy of the conflict-of-interest policy, b) has read and understands the policy, c) has agreed to comply with the policy, d) understands that the Corporation is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities that accomplish one or more of its tax-exempt purposes. Form 990, Part VI, Section B, line 15 Each Board's Executive Committee reviews and approves the compensation of certain executives of the Corporation to determine that it is just and reasonable. The Executive Committee, in coordination with TCS Education System, shall conduct or cause to be conducted an analysis of the compensation to be paid to the executive as compared to other executives in similar positions with similar organizations. The Executive Committee engages an outside independent compensation consultant to benchmark salaries and benefits. Executive salaries are reviewed and approved by each Board's Executive Committee with the assistance of a benefits consulting firm (Korn Ferry) that provides recommendations based on comparative data with other organizations. The Board documents the basis for all compensation determination in the records of the Board. Form 990, Part VI, Section C, line 19 The financial information as well as governance documents, which include the conflict of interest policy, are not made available to the public. The Chicago School - California Inc 707 Wilshire Blvd Los Angeles CA 90017 900394713 Education CA 501(c)(3) Line 2 TCS Education System 0 TCS Education System 203 N LaSalle Street Suite 1900 Chicago IL 60601 270717860 Supporting Organization IL 501(c)(3) Line 12b, II N/A 0 The Chicago School - Washington DC Inc 901 15th Street NW Washington DC 20005 800477644 Education DC 501(c)(3) Line 2 The Chicago School - California Inc 1 Pacific Oaks Education Corporation 45 Eureka Street Pasadena CA 91103 951716809 Education CA 501(c)(3) Line 2 TCS Education System 0 The Colleges of Law 4475 Market Street Ventura CA 93003 952592468 Education CA 501(c)(3) Line 2 TCS Education System 0 TCS Education - Texas Inc 2101 N Waterview Pkwy Richardson TX 75080 364769956 Education TX 501(c)(3) Line 2 The Chicago School - California Inc 1 Saybrook University 55 Eureka Street Pasadena CA 91103 942155109 Education CA 501(c)(3) Line 2 TCS Education System 0 Kansas Health Science Center Inc 217 E Douglas Avenue Wichita KS 67202 825178988 Education KS 501(c)(3) Line 2 TCS Education System 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0