ART CENTER COLLEGE OF DESIGN: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- ART CENTER COLLEGE OF DESIGN (EIN 95-1921340)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2023-05-01
- IRS object ID
- 202311219349302246
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-05-01T15:02:50-05:00 | ReturnTs |
| Tax Period End | 2022-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 910189318 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MOSS ADAMS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3121 W MARCH LN STE 200 | AddressLine1Txt |
| City | STOCKTON | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 952192367 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 951921340 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ART CENTER COLLEGE OF DESIGN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ARTC | BusinessNameControlTxt |
| Phone | 6263962200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1700 LIDA STREET | AddressLine1Txt |
| City | PASADENA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91103 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RICHARD HALUSCHAK | PersonNm |
| Person Title | SVP, CFAO | PersonTitleTxt |
| Phone | 6263962200 | PhoneNum |
| Signature | 2023-05-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | RICHARD | PersonFirstNm |
| Person Last | HALUSCHAK | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TRACY S PAGLIA | PreparerPersonNm |
| PTIN | P00366884 | PTIN |
| Phone | 2099556100 | PhoneNum |
| Preparation | 2023-05-01 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KAREN HOFMANN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1700 LIDA STREET | AddressLine1Txt |
| City | PASADENA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $165,268,306 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.ARTCENTER.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1930 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | ART CENTER COLLEGE OF DESIGN OPERATES AN INDEPENDENT, FOUR-YEAR CURRICULUM TO EDUCATE ARTISTS AND DESIGNERS IN COMMUNICATION ARTS AND INDUSTRIAL DESIGN THAT EXTENDS ITS LEGACY OF PROFESSIONAL ART AND DESIGN PRACTICE AND ENABLES ITS GRADUATES TO REALIZE SUCCESS, FULFILLMENT, AND RECOGNITION IN THEIR CHOSEN FIELDS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 25 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 24 | VotingMembersIndependentCnt |
| Total Employee | 1944 | TotalEmployeeCnt |
| Total Volunteers | 100 | TotalVolunteersCnt |
| Total Gross UBI | -$100,808 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $12,305,994 | PYContributionsGrantsAmt |
| CY Contributions Grants | $10,734,860 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $122,791,666 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $133,857,503 | CYProgramServiceRevenueAmt |
| PY Investment Income | $3,231,387 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,351,291 | CYInvestmentIncomeAmt |
| PY Other Revenue | $239,209 | PYOtherRevenueAmt |
| CY Other Revenue | $234,594 | CYOtherRevenueAmt |
| PY Total Revenue | $138,568,256 | PYTotalRevenueAmt |
| CY Total Revenue | $147,178,248 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $34,414,086 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $29,941,573 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $62,547,089 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $70,089,502 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $159,800 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $5,800 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $2,226,843 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $35,649,440 | PYOtherExpensesAmt |
| CY Other Expenses | $42,317,352 | CYOtherExpensesAmt |
| PY Total Expenses | $132,770,415 | PYTotalExpensesAmt |
| CY Total Expenses | $142,354,227 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $5,797,841 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $4,824,021 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $369,337,873 | TotalAssetsBOYAmt |
| Total Assets EOY | $387,750,252 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $137,155,957 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $174,776,745 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $232,181,916 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $212,973,507 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | LEARN TO CREATE. INFLUENCE CHANGE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $133,718,776 | ExpenseAmt |
| Grant | $29,941,573 | GrantAmt |
| Revenue | $133,857,503 | RevenueAmt |
| Desc | THE COLLEGE OPERATES AN INDEPENDENT, FOUR-YEAR CURRICULUM TO EDUCATE ARTISTS AND DESIGNERS IN COMMUNICATION ARTS AND INDUSTRIAL DESIGN. THE COLLEGE OFFERS A BACHELOR OF FINE ARTS DEGREE IN SIX MAJORS (CREATIVE DIRECTION; FILM; FINE ART; GRAPHIC DESIGN; ILLUSTRATION; AND PHOTOGRAPHY AND IMAGING) AND A BACHELOR OF SCIENCE DEGREE IN FIVE MAJORS (ENTERTAINMENT DESIGN; INTERACTION DESIGN; PRODUCT DESIGN; SPATIAL EXPERIENCE DESIGN; AND TRANSPORTATION DESIGN). GRADUATE PROGRAMS LEAD TO THE MASTER OF FINE ARTS DEGREE IN: FILM; ART; MEDIA DESIGN PRACTICES; AND GRAPHIC DESIGN. THE GRADUATE PROGRAMS THAT OFFER THE MASTER OF SCIENCE DEGREE ARE: FURNITURE, LIGHTING & FIXTURES; SPATIAL EXPERIENCE DESIGN; INDUSTRIAL DESIGN; AND TRANSPORTATION SYSTEMS AND DESIGN. ALL EXPENDITURES RELATE TO ACADEMIC INSTRUCTION, PROGRAM SUPPORT AND OPERATION OF THE COLLEGE. THE FTE ENROLLMENT FOR JULY 2021 TO JUNE 2022 WAS APPROXIMATELY 2,171 STUDENTS. | Desc |
| Total Program Service Expenses | $133,718,776 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 2462 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1944 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 25 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 24 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | 0 | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LINA DEASE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6263962328 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1700 LIDA STREET | AddressLine1Txt |
| City | PASADENA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91103 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (41 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| LORNE M BUCHMAN | |||||||||
| PRESIDENT/CEO | 40.00 | Yes (X) | Yes (X) | $628,551 | $0 | $84,614 | |||
| EMILY LASKIN | |||||||||
| SVP, DEVELOPMENT | 40.00 | $325,510 | $0 | $50,563 | Yes (X) | ||||
| RICHARD HALUSCHAK | |||||||||
| SVP, CHIEF FINANCIAL & ADMIN OFFICER | 40.00 | Yes (X) | $298,680 | $0 | $49,129 | ||||
| KAREN HOFMANN | |||||||||
| PROVOST | 40.00 | $264,477 | $0 | $45,054 | Yes (X) | ||||
| TOM STERN | |||||||||
| SVP, ADMISSIONS & ENROLLMENT MGMT | 40.00 | $225,079 | $0 | $40,358 | Yes (X) | ||||
| ANDREW OGDEN | |||||||||
| FACULTY CHAIR | 40.00 | $201,647 | $0 | $54,889 | Yes (X) | ||||
| DAVID MOCARSKI | |||||||||
| FACULTY CHAIR | 40.00 | $204,672 | $0 | $36,433 | Yes (X) | ||||
| MARGARET HENDRIE | |||||||||
| FACULTY CHAIR | 40.00 | $199,666 | $0 | $37,503 | Yes (X) | ||||
| ANN FIELD | |||||||||
| FACULTY CHAIR | 40.00 | $200,191 | $0 | $36,071 | Yes (X) | ||||
| LISA SANCHEZ | |||||||||
| VP, HUMAN RESOURCES | 40.00 | $203,473 | $0 | $23,640 | Yes (X) | ||||
| JERED GOLD | |||||||||
| VP, MARKETING & COMMUNICATIONS | 40.00 | $175,221 | $0 | $41,956 | Yes (X) | ||||
| AARON BRUCE | |||||||||
| VP & CHIEF DIVERSITY OFFICER | 40.00 | $177,697 | $0 | $13,870 | Yes (X) | ||||
| CATHERINE BARON | |||||||||
| FORMER SVP, ADMISSION/ENROLLMENT | 40.00 | $118,272 | $0 | $0 | Yes (X) | ||||
| SU MATHEWS HALE | |||||||||
| BOARD CHAIR THROUGH 6/2022 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL M WARSAW | |||||||||
| BOARD CHAIR START 6/2022 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| LINDA A HILL | |||||||||
| BOARD VICE CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| DAVID C MARTIN | |||||||||
| BOARD SECR THROUGH 6/2022 / TRUSTEE | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| STEVEN M HITTER | |||||||||
| BOARD SECRETARY START 6/2022 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| REINER M TRILTSCH | |||||||||
| BOARD TREASURER THROUGH 6/2022 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| TOM GILMORE | |||||||||
| BOARD TREASURER START 6/2022 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| JEFFREY C BARBAKOW | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| RONALD BENSION | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| KEVIN G BETHUNE | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| CHRISTOPHER J BIRCHBY | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| WESLEY A COLEMAN | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| CLARENCE A DANIELS JR | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JANICE FELDMAN | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| SARAH E GAVLAK | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| WILLIAM T GROSS | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| BRUCE HEAVIN | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| TIMOTHY M KOBE | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| MELISSA LORA | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| SAMUEL J MANN | |||||||||
| TRUSTEE THROUGH 1/2022 | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| MERLE MULLIN | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| PETER W MULLIN | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| PRAJNA MURDAYA | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| CHARLES E NEARBURG | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| IVY ROSS | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| MICHELE RUIZ | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ZACHARY E SNYDER | |||||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ALYCE DE ROULET WILLIAMSON | |||||||||
| TRUSTEE THROUGH 6/2022 | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,223,136 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $514,080 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 156 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| DEL AMO CONSTRUCTION INC | |||||
| 23840 MADISON STREET | TORRANCE | CA | 90505 | CONSTRUCTION SERVICES | $8,985,870 |
| HALSTED CONSTRUCTION INC | |||||
| 4201 KRAFT AVE | STUDIO CITY | CA | 91604 | CONSTRUCTION SERVICES | $2,958,279 |
| SECURITAS SECURITY SERVICES USA INC | |||||
| 4330 PARK TERRACE DR | WESTLAKE VILLAGE | CA | 91361 | SECURITY SERVICES | $2,642,030 |
| DARIN JOHNSTONE ARCHITECTS | |||||
| 7462 NORTH FIGUEROA SUITE 206 | LOS ANGELES | CA | 90041 | ARCHITECTURAL SERVICES | $1,212,432 |
| PBM FACILITY SERVICES | |||||
| PO BOX 6534 | PASADENA | CA | 91109 | JANITORIAL SERVICES | $1,156,814 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 24 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $6,224,333 | GovernmentGrantsAmt |
| All Other Contributions | $4,510,527 | AllOtherContributionsAmt |
| Noncash Contributions | $53,826 | NoncashContributionsAmt |
| Total Contributions | $10,734,860 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 611600 | $133,263,518 | $133,263,518 |
| AUXILIARY SERVICES | 611600 | $431,861 | $431,861 |
| OTHER REVENUE | 611600 | $162,124 | $162,124 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $133,857,503 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $982,162 | TotalRevenueColumnAmt |
| Exclusion | $982,162 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $56,387 | TotalRevenueColumnAmt |
| Exclusion | $56,387 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $461,202 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $125,800 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $335,402 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $335,402 | TotalRevenueColumnAmt |
| Exclusion | $335,402 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $19,277,000 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $17,964,258 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,312,742 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,312,742 | TotalRevenueColumnAmt |
| Exclusion | $1,312,742 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UBI FROM PASSTHROUGHS | Desc |
| Business | 523000 | BusinessCd |
| Total Revenue Column | -$100,808 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$100,808 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | -$100,808 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $147,178,248 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $133,857,503 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$100,808 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,686,693 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,941,573 | TotalAmt |
| Program Services | $29,941,573 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,519,033 | TotalAmt |
| Program Services | $813,386 | ProgramServicesAmt |
| Management And General | $1,326,552 | ManagementAndGeneralAmt |
| Fundraising | $379,095 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,369,151 | TotalAmt |
| Program Services | $50,417,837 | ProgramServicesAmt |
| Management And General | $2,049,375 | ManagementAndGeneralAmt |
| Fundraising | $901,939 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,718,957 | TotalAmt |
| Program Services | $3,513,299 | ProgramServicesAmt |
| Management And General | $142,808 | ManagementAndGeneralAmt |
| Fundraising | $62,850 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,410,344 | TotalAmt |
| Program Services | $6,055,852 | ProgramServicesAmt |
| Management And General | $246,157 | ManagementAndGeneralAmt |
| Fundraising | $108,335 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,072,017 | TotalAmt |
| Program Services | $3,846,835 | ProgramServicesAmt |
| Management And General | $156,365 | ManagementAndGeneralAmt |
| Fundraising | $68,817 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $368,470 | TotalAmt |
| Management And General | $368,470 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $146,964 | TotalAmt |
| Management And General | $146,964 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,800 | TotalAmt |
| Fundraising | $5,800 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $381,962 | TotalAmt |
| Management And General | $381,962 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,414,734 | TotalAmt |
| Program Services | $8,894,099 | ProgramServicesAmt |
| Management And General | $361,526 | ManagementAndGeneralAmt |
| Fundraising | $159,109 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $291,081 | TotalAmt |
| Program Services | $274,984 | ProgramServicesAmt |
| Management And General | $11,178 | ManagementAndGeneralAmt |
| Fundraising | $4,919 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,637,128 | TotalAmt |
| Program Services | $6,270,095 | ProgramServicesAmt |
| Management And General | $254,866 | ManagementAndGeneralAmt |
| Fundraising | $112,167 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,390,440 | TotalAmt |
| Program Services | $7,926,449 | ProgramServicesAmt |
| Management And General | $322,193 | ManagementAndGeneralAmt |
| Fundraising | $141,798 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,533,007 | TotalAmt |
| Program Services | $4,282,332 | ProgramServicesAmt |
| Management And General | $174,067 | ManagementAndGeneralAmt |
| Fundraising | $76,608 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $453,245 | TotalAmt |
| Program Services | $428,180 | ProgramServicesAmt |
| Management And General | $17,405 | ManagementAndGeneralAmt |
| Fundraising | $7,660 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $83,111 | TotalAmt |
| Program Services | $78,515 | ProgramServicesAmt |
| Management And General | $3,191 | ManagementAndGeneralAmt |
| Fundraising | $1,405 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,397,187 | TotalAmt |
| Program Services | $2,264,623 | ProgramServicesAmt |
| Management And General | $92,052 | ManagementAndGeneralAmt |
| Fundraising | $40,512 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,570,041 | TotalAmt |
| Program Services | $5,262,017 | ProgramServicesAmt |
| Management And General | $213,890 | ManagementAndGeneralAmt |
| Fundraising | $94,134 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,457,340 | TotalAmt |
| Program Services | $2,321,449 | ProgramServicesAmt |
| Management And General | $94,362 | ManagementAndGeneralAmt |
| Fundraising | $41,529 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| LICENSES, PERMITS, DUES | $412,989 | $390,713 | $15,286 | $6,990 |
| UNCOLLECTIBLE ACCOUNTS | $382,548 | $361,393 | $14,690 | $6,465 |
| STUDENT MATERIALS COSTS | $370,230 | $349,756 | $14,217 | $6,257 |
| FEES ON BOND DEBT | $26,875 | $25,389 | $1,032 | $454 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $142,354,227 | TotalAmt |
| Program Services | $133,718,776 | ProgramServicesAmt |
| Management And General | $6,408,608 | ManagementAndGeneralAmt |
| Fundraising | $2,226,843 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,009,054 | BOYAmt |
| EOY | $18,122,236 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,315,916 | BOYAmt |
| EOY | $65,189,927 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,989,705 | BOYAmt |
| EOY | $3,698,116 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,524,204 | BOYAmt |
| EOY | $4,624,792 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $197,143 | BOYAmt |
| EOY | $230,000 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $146,879 | BOYAmt |
| EOY | $204,131 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,390,424 | BOYAmt |
| EOY | $2,487,028 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $182,161,054 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $33,894,939 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $129,935,797 | BOYAmt |
| EOY | $148,266,115 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,708,991 | BOYAmt |
| EOY | $42,961,259 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $118,437,111 | BOYAmt |
| EOY | $99,972,586 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,691 | BOYAmt |
| EOY | $64,410 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,590,958 | BOYAmt |
| EOY | $1,929,652 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $369,337,873 | BOYAmt |
| EOY | $387,750,252 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,760,704 | BOYAmt |
| EOY | $13,605,403 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,268,944 | BOYAmt |
| EOY | $13,841,835 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $109,996,315 | BOYAmt |
| EOY | $147,205,966 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $129,994 | BOYAmt |
| EOY | $123,541 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $137,155,957 | BOYAmt |
| EOY | $174,776,745 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $119,252,961 | BOYAmt |
| EOY | $117,425,337 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $112,928,955 | BOYAmt |
| EOY | $95,548,170 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $232,181,916 | BOYAmt |
| EOY | $212,973,507 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $369,337,873 | BOYAmt |
| EOY | $387,750,252 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $4,824,021 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$23,718,238 | NetUnrlzdGainsLossesInvstAmt |
| Donated Services And Use Fclts | -$432,000 | DonatedServicesAndUseFcltsAmt |
| Other Changes In Net Assets | $117,808 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $11,313,748 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,749,696 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,331,342 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $12,305,994 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $10,734,860 | CurrentTaxYearAmt |
| Total | $45,435,640 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $11,313,748 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,749,696 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,331,342 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $12,305,994 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $10,734,860 | CurrentTaxYearAmt |
| Total | $45,435,640 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $6,314,222 | SubstantialContributorsTotAmt |
| Public Support Total170 | $39,121,418 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,773,793 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,922,258 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,004,031 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,613,474 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,499,751 | CurrentTaxYearAmt |
| Total | $10,813,307 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $56,248,947 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $623,218,660 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.69550 | PublicSupportCY170Pct |
| Public Support PY170 | 0.62360 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $133,281,000 | BeginningYearBalanceAmt |
| Contributions | $19,722,000 | ContributionsAmt |
| Investment Earnings Or Losses | -$19,440,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,289,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,981,000 | OtherExpendituresAmt |
| Administrative Expenses | $254,000 | AdministrativeExpensesAmt |
| End Year Balance | $127,039,000 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $98,145,000 | BeginningYearBalanceAmt |
| Contributions | $16,221,000 | ContributionsAmt |
| Investment Earnings Or Losses | $33,233,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $11,566,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,527,000 | OtherExpendituresAmt |
| Administrative Expenses | $225,000 | AdministrativeExpensesAmt |
| End Year Balance | $133,281,000 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $99,830,000 | BeginningYearBalanceAmt |
| Contributions | $424,000 | ContributionsAmt |
| Investment Earnings Or Losses | $5,024,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $6,513,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $419,000 | OtherExpendituresAmt |
| Administrative Expenses | $201,000 | AdministrativeExpensesAmt |
| End Year Balance | $98,145,000 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $97,518,000 | BeginningYearBalanceAmt |
| Contributions | $2,337,000 | ContributionsAmt |
| Investment Earnings Or Losses | $3,544,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,915,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $603,000 | OtherExpendituresAmt |
| Administrative Expenses | $51,000 | AdministrativeExpensesAmt |
| End Year Balance | $99,830,000 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $90,479,000 | BeginningYearBalanceAmt |
| Contributions | $3,296,000 | ContributionsAmt |
| Investment Earnings Or Losses | $7,252,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,796,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $503,000 | OtherExpendituresAmt |
| Administrative Expenses | $210,000 | AdministrativeExpensesAmt |
| End Year Balance | $97,518,000 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.32000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.47000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.21000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,979,957 | OtherCostOrOtherBasisAmt |
| Book Value | $9,979,957 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $133,539,358 | OtherCostOrOtherBasisAmt |
| Depreciation | $27,872,600 | DepreciationAmt |
| Book Value | $105,666,758 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,792,240 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,401,305 | DepreciationAmt |
| Book Value | $4,390,935 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $28,849,499 | OtherCostOrOtherBasisAmt |
| Depreciation | $621,034 | DepreciationAmt |
| Book Value | $28,228,465 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $148,266,115 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| DOMESTIC EQUITY FUNDS | $69,250,971 | F |
| CORPORATE BOND FUNDS | $11,703,824 | F |
| MULTI-STRATEGY HEDGE FUND OF FUNDS | $5,872,908 | F |
| PRIVATE MARKETS FUND INVESTMENT | $13,144,883 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $99,972,586 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ANNUITY OBLIGATIONS | Desc |
| Amt | $123,541 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $123,541 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $96,567,973 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$23,718,238 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$27,118,645 | OtherRevenueAmt |
| Revenue Not Reported | -$50,836,883 | RevenueNotReportedAmt |
| Revenue Subtotal | $147,404,856 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$226,608 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$226,608 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $147,178,248 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $115,776,382 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $432,000 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $108,800 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $540,800 | ExpensesNotReportedAmt |
| Expenses Subtotal | $115,235,582 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $27,118,645 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $27,118,645 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $142,354,227 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE ENDOWMENTS ARE RESTRICTED BY THE DONORS FOR SCHOLARSHIPS AND SUPPORT FOR EDUCATIONAL PROGRAMS AND INITIATIVES. THE BOARD-DESIGNATED QUASI-ENDOWMENT IS RESTRICTED FOR SCHOLARSHIPS. |
| PART X, LINE 2: | THE COLLEGE HAD NO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED JUNE 30, 2022 OR 2021. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | STUDENT FINANCIAL AID -27,118,645. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | RENTAL EXPENSES -125,800. UBI FROM PASSTHROUGHS -100,808. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES 125,800. NET CHANGE IN ACTUARIAL OBLIGATIONS -17,000. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | STUDENT FINANCIAL AID 27,118,645. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE COLLEGE PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH BROCHURES, PRINT MEDIA, REGISTRATION MATERIALS, AND ITS WEBSITE. |
| SCHEDULE E, PART I, LINE 6 | THE COLLEGE ADMINISTERS VARIOUS SCHOLARSHIP PROGRAMS AND LOANS PROVIDED BY GOVERNMENTAL AGENCIES INCLUDING: DIRECT LOANS (SUBSIDIZED AND UNSUBSIDIZED), PELL GRANTS, SEOG, AND FEDERAL WORK STUDY PROGRAMS. THE COLLEGE ALSO RECEIVED COVID-19 PANDEMIC RELIEF AID FROM THE U.S. GOVERNMENT IN THE FORM OF HEERF GRANTS THROUGH THE U.S. DEPARTMENT OF EDUCATION. AWARDS ARE MADE BASED UPON THE CRITERIA ESTABLISHED BY THE GOVERNMENTAL AGENCY. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND AND GREENLAND) | 0 | 2 | PROGRAM SERVICES | GERMANY STUDENT COMMUNITY SUPPORT HUB | $315,000 |
| EAST ASIA AND THE PACIFIC | 0 | 5 | PROGRAM SERVICES | CHINA, SOUTH KOREA, AND JAPAN STUDENT COMMUNITY SUPPORT HUB | $105,000 |
| CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, | 0 | 0 | INVESTMENTS | $5,872,908 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 7 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 7 | TotalEmployeeCnt |
| Subtotal Spent | $6,292,908 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $6,292,908 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 3: | ACCRUAL METHOD |
| PART III ACCOUNTING METHOD: |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (5 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| UNDERGRADUATE SCHOLARSHIPS | 1930 | $23,630,819 |
| GRADUATE SCHOLARSHIPS | 207 | $2,924,026 |
| PELL GRANTS, SEOG, FEDERAL WORK STUDY, DIRECT LOANS, HEERF I, II & III STUDENT AID | 3595 | $2,623,551 |
| STUDENT SPECIAL CIRCUMSTANCE TUITION WAIVERS - MEDICAL | 9 | $101,239 |
| EDUCATION PROGRAM TUITION DISCOUNTS | 279 | $661,938 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | GRANT FUNDS ARE RECORDED IN A PROJECT ACCOUNT SO THAT ALL ASSOCIATED REVENUES AND EXPENSES ARE ACCOUNTED FOR RELATED TO A SPECIFIC GRANT. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LORNE M BUCHMAN | ||||||||||||||
| PRESIDENT/CEO | $623,760 | $0 | $0 | $0 | $4,791 | $0 | $56,890 | $0 | $27,724 | $0 | $713,165 | $0 | $0 | $0 |
| EMILY LASKIN | ||||||||||||||
| SVP, DEVELOPMENT | $296,700 | $0 | $25,000 | $0 | $3,810 | $0 | $37,390 | $0 | $13,173 | $0 | $376,073 | $0 | $0 | $0 |
| RICHARD HALUSCHAK | ||||||||||||||
| SVP, CHIEF FINANCIAL & ADMIN OFFICER | $296,700 | $0 | $0 | $0 | $1,980 | $0 | $37,390 | $0 | $11,739 | $0 | $347,809 | $0 | $0 | $0 |
| KAREN HOFMANN | ||||||||||||||
| PROVOST | $264,041 | $0 | $0 | $0 | $436 | $0 | $33,315 | $0 | $11,739 | $0 | $309,531 | $0 | $0 | $0 |
| TOM STERN | ||||||||||||||
| SVP, ADMISSIONS & ENROLLMENT MGMT | $225,000 | $0 | $0 | $0 | $79 | $0 | $27,185 | $0 | $13,173 | $0 | $265,437 | $0 | $0 | $0 |
| ANDREW OGDEN | ||||||||||||||
| FACULTY CHAIR | $200,000 | $0 | $0 | $0 | $1,647 | $0 | $15,260 | $0 | $39,629 | $0 | $256,536 | $0 | $0 | $0 |
| DAVID MOCARSKI | ||||||||||||||
| FACULTY CHAIR | $200,000 | $0 | $0 | $0 | $4,672 | $0 | $23,260 | $0 | $13,173 | $0 | $241,105 | $0 | $0 | $0 |
| MARGARET HENDRIE | ||||||||||||||
| FACULTY CHAIR | $199,230 | $0 | $0 | $0 | $436 | $0 | $23,140 | $0 | $14,363 | $0 | $237,169 | $0 | $0 | $0 |
| ANN FIELD | ||||||||||||||
| FACULTY CHAIR | $197,692 | $0 | $0 | $0 | $2,499 | $0 | $22,898 | $0 | $13,173 | $0 | $236,262 | $0 | $0 | $0 |
| LISA SANCHEZ | ||||||||||||||
| VP, HUMAN RESOURCES | $202,415 | $0 | $0 | $0 | $1,058 | $0 | $23,640 | $0 | $0 | $0 | $227,113 | $0 | $0 | $0 |
| JERED GOLD | ||||||||||||||
| VP, MARKETING & COMMUNICATIONS | $175,000 | $0 | $0 | $0 | $221 | $0 | $19,335 | $0 | $22,621 | $0 | $217,177 | $0 | $0 | $0 |
| AARON BRUCE | ||||||||||||||
| VP & CHIEF DIVERSITY OFFICER | $177,173 | $0 | $0 | $0 | $524 | $0 | $13,870 | $0 | $0 | $0 | $191,567 | $0 | $0 | $0 |
| CATHERINE BARON | ||||||||||||||
| FORMER SVP, ADMISSION/ENROLLMENT | $0 | $0 | $0 | $0 | $118,272 | $0 | $0 | $0 | $0 | $0 | $118,272 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINES 4A-B | CATHERINE BARON, SVP OF ADMISSIONS & ENROLLMENT, ACCEPTED AN EARLY RETIREMENT PACKAGE AND RETIRED AS OF JUNE 30, 2020. AS PART OF THE EARLY RETIREMENT PACKAGE, BARON RECEIVED 1-YEAR OF SALARY CONTINUATION PAY STARTING JULY 1, 2020, IN ADDITION TO $500 A MONTH PAID BY THE COLLEGE FOR 18-MONTHS TOWARDS COBRA FOR BENEFITS CONTINUATION. THE TOTAL OF BOTH OF THESE AMOUNTS FOR THE 2021 CALENDAR YEAR TOTALED $118,272. PRESIDENT LORNE M. BUCHMAN ENTERED INTO A SPLIT INTEREST AGREEMENT WITH THE COLLEGE. MR. BUCHMAN PURCHASED A LIFE INSURANCE POLICY FOR WHICH THE COLLEGE WILL PAY THE PREMIUMS IN THE FORM OF A LOAN TO BE REPAID BY MR. BUCHMAN. THE COLLEGE PAID $32,857 FOR THE PREMIUM IN 2021. |
| PART I, LINE 7 | CERTAIN INDIVIDUALS LISTED ON FORM 990, PART VII AND SCHEDULE J RECEIVED NON-FIXED PAYMENTS IN THE FORM OF BONUSES WHICH WERE NOT SPECIFIED BY A FIXED FORMULA AND WHICH REQUIRED THE USE OF DISCRETION TO DETERMINE WHETHER TO MAKE A BONUS PAYMENT AND/OR THE AMOUNT OF BONUS AWARDED. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY | ||||||||
| A | 521705592 | 130179PL2 | 2018-08-30 | $114,304,457 | REFUND BOND DATED 7/16/2014 AND CONSTRUCT, EQUIP, AND IMPROVE FACILITIES | 0 | 0 | 0 |
| CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY | ||||||||
| B | 521705592 | 130179UN2 | 2022-02-10 | $40,098,184 | CONSTRUCT, EQUIP, AND IMPROVE FACILITIES | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | UnspentUnspentAmt | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | $3,230,000 | $115,383,613 | $954,606 | $40,814,504 | $61,305,000 | $12,309,503 | Yes (1) | 0 | Yes (1) | Yes (1) |
| B | $40,151,244 | $417,901 | $2,918,839 | $36,814,504 | 0 | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | Yes (1) | Yes (1) | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| B | 0 | 0 | Yes (1) | Yes (1) | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| DATE REBATE COMPUTATION PERFORMED | ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 09/19/2019 |
| SCHEDULSCHEDULE K, PAE K, PART I, COLUMN (E) AND SCHEDULE K, PART II, LINE | THE DIFFERENCE BETWEEN THE TOTAL ISSUE PRICE REPORTED ON SCHEDULE K, PART I, COLUMN (E) AND THE TOTAL PROCEEDS OF ISSUE REPORTED ON SCHEDULE K, PART II, LINE 3 PERTAINS TO INVESTMENT INCOME EARNED ON UNSPENT BOND PROCEEDS. |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LORNE M BUCHMAN | PersonNm |
| Relationship With Org | PRESIDENT/CEO | RelationshipWithOrgTxt |
| Loan Purpose | SPLIT-DOLLAR LIFE INSURANCE | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $230,000 | OriginalPrincipalAmt |
| Balance Due | $230,000 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | Yes (1) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (1) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $230,000 | TotalBalanceDueAmt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 4 | ContributionCnt |
| Noncash Contributions Rpt F990 | $53,826 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | HIGH/LOW AVG. OF FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, COLUMN (B): | THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS (DEFINED AS EACH SEPARATE GIFT) IN SCHEDULE M, PART I, COLUMN (B). |
| PART I, LINE 33: | THE COLLEGE RECEIVED DONATED GIFTS, INCLUDING FURNITURE AND ACCESSORIES. IT IS THE POLICY OF THE COLLEGE TO RECORD DONATED GIFTS WITH A FAIR MARKET VALUE OF $1.00 OFFSET BY A $1.00 EXPENSE. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | TRUSTEES MERLE MULLIN AND PETER W. MULLIN HAVE A FAMILY RELATIONSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED FIRST BY THE CONTROLLER AND THE CHIEF FINANCIAL AND ADMINISTRATIVE OFFICER. IT IS THEN REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AND AN ELECTRONIC COPY IS MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE COLLEGE HAS CONFLICT OF INTEREST POLICIES THAT COVER ALL TRUSTEES AND EMPLOYEES. ALL TRUSTEES MUST ATTEST ANNUALLY THAT THEY ARE IN COMPLIANCE WITH THE APPLICABLE POLICY. THE STATEMENTS ARE REVIEWED EACH YEAR BY THE AUDIT COMMITTEE WHICH DETERMINES WHETHER OR NOT AN ACTUAL, APPARENT OR POTENTIAL CONFLICT EXISTS. THE AUDIT COMMITTEE THEN REFERS ALL ACTUAL, APPARENT, OR POTENTIAL CONFLICTS TO THE FULL BOARD OF TRUSTEES WHO WILL DETERMINE BY A TWO-THIRDS MAJORITY VOTE WHETHER OR NOT ACCEPTANCE OF THE CONFLICT IS IN THE COLLEGE'S BEST INTEREST. EMPLOYEES ARE BOUND BY A SIMILAR BUT SEPARATE CONFLICT OF INTEREST POLICY AND ACKNOWLEDGE AND AGREE TO ADHERE TO IT IN WRITING UPON BEING HIRED BY THE COLLEGE AND WHENEVER IT IS REVISED OR AMENDED. |
| FORM 990, PART VI, SECTION B, LINE 15 | A) PRESIDENT/CEO AND SENIOR VICE PRESIDENT, CHIEF FINANCIAL AND ADMINISTRATIVE OFFICER - THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS COMPARABLE DATA FROM A VARIETY OF SOURCES AND INCLUDES RESEARCH AND ADVICE FROM ONE OR MORE EXTERNAL COMPENSATION CONSULTANTS AND ATTORNEYS. THE COMPENSATION COMMITTEE THEN MAKES A RECOMMENDATION TO THE FULL BOARD OF TRUSTEES FOR APPROVAL. COMPENSATION IS REVIEWED ON AN ANNUAL BASIS. B) OTHER OFFICERS AND KEY EMPLOYEES - THE PRESIDENT/CEO SETS THE SALARIES FOR THESE POSITIONS USING COMPARABLE DATA FROM EXTERNAL SOURCES INCLUDING AT LEAST ONE PROFESSIONAL COMPENSATION CONSULTANT. COMPENSATION IS REVIEWED ON AN ANNUAL BASIS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ARTICLES OF INCORPORATION, BYLAWS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | NET CHANGE IN ACTUARIAL OBLIGATIONS 17,000. UNRELATED BUSINESS INCOME NOT RECORDED ON BOOKS 100,808. |