2022-04-07T16:28:27-05:00 2021-06-30 910189318 MOSS ADAMS LLP 3121 W MARCH LN STE 200 STOCKTON CA 952192367 990 2020-07-01 951921340 ART CENTER COLLEGE OF DESIGN ARTC 6263962200 1700 LIDA STREET PASADENA CA 91103 RICHARD HALUSCHAK SVP, CFAO 6263962200 2022-04-04 1 RICHARD HALUSCHAK 999009999 TRACY S PAGLIA P00366884 2099556100 2022-04-04 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z LORNE M BUCHMAN 1700 LIDA STREET PASADENA CA 91103 161344183 0 X WWW.ARTCENTER.EDU X 1930 CA 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. 26 25 2004 140 -50077 0 5331342 12305994 128926919 122791666 1750613 3231387 237399 239209 136246273 138568256 28379351 34414086 0 0 69142948 62547089 113675 159800 2113575 39186273 35649440 136822247 132770415 -575974 5797841 332038708 369337873 137397734 137155957 194640974 232181916 X LEARN TO CREATE. INFLUENCE CHANGE. 0 0 124993539 34414086 122791666 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 (SPATIAL EXPERIENCE DESIGN, INTERACTION DESIGN, PRODUCT DESIGN, TRANSPORTATION DESIGN, AND ENTERTAINMENT 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 2020 TO JUNE 2021 WAS APPROXIMATELY 2,023 STUDENTS. 124993539 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 1 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 2649 0 1 2004 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 1 1 1 0 CA X LINA DEASE 6263962328 1700 LIDA STREET PASADENA CA 91103 LORNE M BUCHMAN PRESIDENT/CEO 40.00 X X 684229 0 85764 EMILY LASKIN SVP, DEVELOPMENT 40.00 X 313822 0 51109 RICHARD HALUSCHAK SVP, CHIEF FINANCIAL & ADMIN OFFICER 40.00 X 312017 0 48675 KAREN HOFMANN PROVOST 40.00 X 272769 0 46684 TOM STERN SVP, ADMISSIONS & ENROLLMENT MGMT 40.00 X 243693 0 44610 ANDREW OGDEN FACULTY CHAIR 40.00 X 212779 0 68065 DIANE WITTENBERG CONTROLLER THRU 6/2020 40.00 X 219840 0 33489 DAVID MOCARSKI FACULTY CHAIR 40.00 X 214876 0 31150 ROBERT HENNIGAR FACULTY MEMBER 40.00 X 212668 0 31052 ROSS LAMANNA FACULTY CHAIR 40.00 X 214498 0 25439 JERED GOLD VP, MARKETING & COMMUNICATIONS 40.00 X 170269 0 48715 AARON BRUCE VP & CHIEF DIVERSITY OFFICER 40.00 X 179890 0 13174 CATHERINE BARON SVP, ADMISSION/ENROLLMENT THRU 6/2020 40.00 X 159544 0 9334 ROBERT C DAVIDSON JR CHAIR THRU 6/2021 1.00 X X 0 0 0 SU MATHEWS HALE CHAIR START 6/2021 1.00 X X 0 0 0 JEFFREY L GLASSMAN TRUSTEE/FIRST VICE CHAIR THRU 6/2021 1.00 X X 0 0 0 LINDA A HILL TRUSTEE/FIRST VICE CHAIR START 6/2021 1.00 X X 0 0 0 DAVID C MARTIN TRUSTEE/SECRETARY 1.00 X X 0 0 0 REINER M TRILTSCH TRUSTEE/TREASURER 1.00 X X 0 0 0 JEFFREY C BARBAKOW TRUSTEE 1.00 X 0 0 0 RONALD BENSION TRUSTEE 1.00 X 0 0 0 KEVIN G BETHUNE TRUSTEE 1.00 X 0 0 0 CHRISTOPHER J BIRCHBY TRUSTEE 1.00 X 0 0 0 WESLEY A COLEMAN TRUSTEE 1.00 X 0 0 0 CLARENCE A DANIELS JR TRUSTEE 1.00 X 0 0 0 MICHELLE GADSDEN-WILLIAMS TRUSTEE THRU 6/2021 1.00 X 0 0 0 SARAH E GAVLAK TRUSTEE 1.00 X 0 0 0 TOM GILMORE TRUSTEE 1.00 X 0 0 0 WILLIAM T GROSS TRUSTEE 1.00 X 0 0 0 BRUCE HEAVIN TRUSTEE 1.00 X 0 0 0 STEVEN M HITTER TRUSTEE 1.00 X 0 0 0 TIMOTHY M KOBE TRUSTEE 1.00 X 0 0 0 TERRI KOHL TRUSTEE THRU 6/2021 1.00 X 0 0 0 MELISSA LORA TRUSTEE 1.00 X 0 0 0 SAMUEL J MANN TRUSTEE 1.00 X 0 0 0 PETER W MULLIN TRUSTEE 1.00 X 0 0 0 CHARLES E NEARBURG TRUSTEE 1.00 X 0 0 0 IVY ROSS TRUSTEE 1.00 X 0 0 0 MICHELE RUIZ TRUSTEE 1.00 X 0 0 0 JEFFREY SALAZAR TRUSTEE THRU 6/2021 1.00 X 0 0 0 ZACHARY E SNYDER TRUSTEE 1.00 X 0 0 0 MICHAEL M WARSAW TRUSTEE 1.00 X 0 0 0 ALYCE DE ROULET WILLIAMSON TRUSTEE 1.00 X 0 0 0 3410894 0 537260 183 0 1 0 PPC AIR CONDITIONING INC 5950 LAKESHORE DR CYPRESS CA 90630 FACILITIES RENOVATION SERVICES 3460419 SECURITAS SECURITY SERVICES USA INC 4330 PARK TERRACE DR WESTLAKE VILLAGE CA 91361 SECURITY SERVICES 2931103 ACCO ENGINEERED SYSTEMS INC 888 EAST WALNUT STREET PASADENA CA 91101 FACILITIES REPAIR & MAINTENANCE SERVICES 1166246 PBM FACILITY SERVICES PO BOX 6534 PASADENA CA 91109 JANITORIAL SERVICES 1046986 EXTENSIONENGINE LLC 55 BARR FARM ROAD BEDFORD NH 03110 ONLINE LEARNING CONSULTING 936184 34 4218031 8087963 96193 12305994 TUITION AND FEES 611600 122708159 122708159 OTHER REVENUE 611600 50872 50872 AUXILIARY SERVICES 611600 32635 32635 122791666 1220187 1220187 2074 2074 391213 101927 289286 289286 289286 24683126 22674000 2009126 2009126 2009126 UBI FROM PASSTHROUGHS 523000 -50077 -50077 -50077 138568256 122791666 -50077 3520673 34414086 34414086 2610480 998510 1260735 351235 46545073 43971130 1787331 786612 3195748 3019023 122717 54008 6435315 6079442 247116 108757 3760473 3552519 144402 63552 284223 284223 123847 123847 159800 159800 351694 351694 6226851 5882506 239111 105234 219699 207550 8436 3713 4830948 4562352 186979 81617 8472190 8003678 325332 143180 4570704 4317944 175515 77245 53064 50129 2038 897 57389 54215 2204 970 2383152 2251364 91513 40275 4644062 4387245 178332 78485 2456609 2320758 94334 41517 UNCOLLECTIBLE ACCOUNTS 575121 543316 22085 9720 LICENSES, PERMITS, DUES 371840 351277 14279 6284 STUDENT MATERIALS COSTS 25171 23779 967 425 FEES ON BOND DEBT 2876 2716 111 49 132770415 124993539 5663301 2113575 18010724 18009054 37630779 31315916 4805276 4989705 5030045 4524204 164286 197143 149663 146879 1329385 1390424 160377484 30441687 119939195 129935797 49219638 57708991 91619360 118437111 152847 91691 3987510 2590958 332038708 369337873 12184707 13760704 13559243 13268944 111517139 109996315 136645 129994 137397734 137155957 X 107519813 119252961 87121161 112928955 194640974 232181916 332038708 369337873 X 5797841 32181862 -432000 -6761 X 0 1 X 1 1 1 X 8058678 11313748 5749696 5331342 12305994 42759458 8058678 11313748 5749696 5331342 12305994 42759458 9137113 33622345 1847236 2773793 2922258 2004031 1613474 11160792 53920250 598169046 0.62360 0.53910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 98145000 16221000 33233000 11156600 2527000 225000 133690400 99830000 424000 5024000 6513000 419000 201000 98145000 97518000 2337000 3544000 2915000 603000 51000 99830000 90479000 3296000 7252000 2796000 503000 210000 97518000 80805000 345000 12564000 2453000 577000 205000 90479000 0.24000 0.43000 0.33000 1 0 9979957 9979957 123337715 25254096 98083619 10189650 4539594 5650056 16870162 647997 16222165 129935797 DOMESTIC EQUITY FUNDS 86699595 F CORPORATE BOND FUNDS 9125212 F MULTI-STRATEGY HEDGE FUND OF FUNDS 13768240 F PRIVATE MARKETS FUND INVESTMENT 8844064 F 118437111 ANNUITY OBLIGATIONS 129994 129994 X 138382478 32181862 -32519644 -337782 138720260 -152004 -152004 138568256 100841536 432000 158765 590765 100250771 32519644 32519644 132770415 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, 2021 OR 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID -32,519,644. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -101,927. UBI FROM PASSTHROUGHS -50,077. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 101,927. NET CHANGE IN ACTUARIAL OBLIGATIONS 56,838. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 32,519,644. 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 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. EUROPE (INCLUDING ICELAND AND GREENLAND) 0 3 PROGRAM SERVICES GERMANY STUDENT COMMUNITY SUPPORT HUB 185000 EAST ASIA AND THE PACIFIC 0 4 PROGRAM SERVICES CHINA & SOUTH KOREA STUDENT COMMUNITY SUPPORT HUB 350000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 13768240 0 7 0 0 0 7 14303240 0 14303240 1 0 1 1 1 0 PART I, LINE 3: ACCRUAL METHOD PART III ACCOUNTING METHOD: X X X X X X X 1 JOHN LARSON & COMPANY 1075 LINDA GLEN DRIVE PASADENA CA 91105 SURVEY RESEARCH SERVICES 0 0 159800 -159800 159800 -159800 CA 1 UNDERGRADUATE SCHOLARSHIPS 2956 28883924 GRADUATE SCHOLARSHIPS 282 3265636 PELL GRANTS, SEOG, FEDERAL WORK STUDY, DIRECT LOANS, HEERF I & II STUDENT AID 3563 1464776 STUDENT SPECIAL CIRCUMSTANCE TUITION WAIVERS - MEDICAL 3 23030 EDUCATION PROGRAM TUITION DISCOUNTS 365 776720 PART I, LINE 2: GRANT FUNDS ARE RECORDED IN A PROJECT ACCOUNT SO THAT ALL ASSOCIATED REVENUES AND EXPENSES ARE ACCOUNTED FOR RELATED TO A SPECIFIC GRANT. X X X X 1 1 0 0 0 0 0 1 0 LORNE M BUCHMAN PRESIDENT/CEO 629772 0 50000 0 4457 0 55936 0 29828 0 769993 0 0 0 EMILY LASKIN SVP, DEVELOPMENT 309719 0 0 0 4103 0 36936 0 14173 0 364931 0 0 0 RICHARD HALUSCHAK SVP, CHIEF FINANCIAL & ADMIN OFFICER 310628 0 0 0 1389 0 36936 0 11739 0 360692 0 0 0 KAREN HOFMANN PROVOST 272316 0 0 0 453 0 34945 0 11739 0 319453 0 0 0 TOM STERN SVP, ADMISSIONS & ENROLLMENT MGMT 203748 0 39860 0 85 0 30437 0 14173 0 288303 0 0 0 ANDREW OGDEN FACULTY CHAIR 211005 0 0 0 1774 0 25439 0 42626 0 280844 0 0 0 DIANE WITTENBERG CONTROLLER THRU 6/2020 126741 0 0 0 93099 0 26606 0 6883 0 253329 0 0 0 DAVID MOCARSKI FACULTY CHAIR 211774 0 0 0 3102 0 16977 0 14173 0 246026 0 0 0 ROBERT HENNIGAR FACULTY MEMBER 140868 0 0 0 71800 0 16879 0 14173 0 243720 0 0 0 ROSS LAMANNA FACULTY CHAIR 211774 0 0 0 2724 0 25439 0 0 0 239937 0 0 0 JERED GOLD VP, MARKETING & COMMUNICATIONS 170040 0 0 0 229 0 18887 0 29828 0 218984 0 0 0 AARON BRUCE VP & CHIEF DIVERSITY OFFICER 177597 0 0 0 2293 0 13174 0 0 0 193064 0 0 0 CATHERINE BARON SVP, ADMISSION/ENROLLMENT THRU 6/202 43034 0 0 0 116510 0 5518 0 3816 0 168878 0 0 0 PART I, LINES 4A-B CATHERINE BARON, SVP OF ADMISSIONS & ENROLLMENT, AND DIANE WITTENBERG, CONTROLLER, ACCEPTED EARLY RETIREMENT PACKAGES AND RETIRED AS OF JUNE 30, 2020. AS PART OF THE EARLY RETIREMENT PACKAGES, BOTH BARON AND WITTENBERG 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 2020 CALENDAR YEAR ARE AS FOLLOWS: CATHERINE BARON: $115,272 OF TAXABLE SALARY CONTINUATION WAGES AND $3,000 OF NONTAXABLE COBRA PAYMENTS DIANE WITTENBERG: $92,464 OF TAXABLE SALARY CONTINUATION WAGES AND $3,000 OF NONTAXABLE COBRA PAYMENTS 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 2020. 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. A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130179PL2 2018-08-30 114304457 REFUND BOND DATED 7/16/2014 AND CONSTRUCT, EQUIP, AND IMPROVE FACILITIES 0 0 0 A 2155000 115380286 954606 24473003 61305000 29602283 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 09/19/2019 SCHEDULE K, PART I, COLUMN (E) AND SCHEDULE K, PART II, LINE 3 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. LORNE M BUCHMAN PRESIDENT/CEO SPLIT-DOLLAR LIFE INSURANCE X 164286 197143 0 1 1 197143 X 7 96193 HIGH/LOW AVG. OF FMV X FURNITURE/ACCESSORIES 8 0 VALUE NOT ASSIGNED 0 0 1 0 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. 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 -56,838. UNRELATED BUSINESS INCOME NOT RECORDED ON BOOKS 50,077.