2022-05-11T15:39:49-05:00 2021-06-30 910189318 MOSS ADAMS LLP 21700 OXNARD ST STE 300 WOODLAND HILLS CA 91367 990 2020-07-01 132981115 OTIS COLLEGE OF ART AND DESIGN OTIS 3106656800 9045 LINCOLN BLVD LOS ANGELES CA 90045 CHARLES HIRSCHHORN PRESIDENT 3106656831 2022-05-09 1 CHARLES HIRSCHHORN 999009999 LAUREN A HAVERLOCK P00545829 3104770450 2022-05-09 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z CHARLES HIRSCHHORN 9045 LINCOLN BLVD LOS ANGELES CA 90045 81234090 0 X WWW.OTIS.EDU X 1918 CA OTIS COLLEGE OF ART AND DESIGN IS A WASC ACCREDITED COLLEGE SPECIALIZING IN ART AND DESIGN EDUCATION, OFFERING BOTH GRADUATE AND UNDERGRADUATE DEGREES. 20 20 1036 33 0 0 2583352 10231444 61982170 55949630 908117 1183989 498081 551404 65971720 67916467 17687273 20902881 0 0 31926200 29945668 0 0 865747 17572855 16349345 67186328 67197894 -1214608 718573 107442066 113542767 47513205 46880444 59928861 66662323 OTIS PREPARES DIVERSE STUDENTS OF ART AND DESIGN TO ENRICH OUR WORLD THROUGH THEIR CREATIVITY, THEIR SKILL, AND THEIR VISION. 0 0 55212436 20902881 51477022 OTIS PREPARES DIVERSE STUDENTS OF ART AND DESIGN TO ENRICH OUR WORLD THROUGH THEIR CREATIVITY, THEIR SKILL, AND THEIR VISION. THE COLLEGE OFFERS AN INTERDISCIPLINARY EDUCATION FOR APPROXIMATELY 1,100 FULL-TIME STUDENTS, AWARDING ACCREDITED BFA DEGREES IN ARCHITECTURE/LANDSCAPE/ INTERIORS, COMMUNICATION ARTS, DIGITAL MEDIA, FASHION DESIGN, FINE ARTS, PRODUCT DESIGN, AND TOY DESIGN; AND MFA DEGREES IN FINE ARTS, GRAPHIC DESIGN, AND WRITING. CONTINUING EDUCATION OFFERS CERTIFICATE PROGRAMS AS WELL AS PERSONAL AND PROFESSIONAL DEVELOPMENT COURSES. 55212436 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1378 0 1 1036 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X RUTH CHOBANU-LEVY 3106656800 9045 LINCOLN BOULEVARD SECOND FLOOR LOS ANGELES CA 90045 JENNIFER BELLAH MAGUIRE TRUSTEE 1.00 X 0 0 0 LESLIE BELZBERG TRUSTEE 1.00 X 0 0 0 ROGER BROWN TRUSTEE 1.00 X 0 0 0 JUDY CHAMBERS BECK TRUSTEE 1.00 X 0 0 0 LEO CHU TRUSTEE 1.00 X 0 0 0 CLIFFORD EINSTEIN TRUSTEE 1.00 X 0 0 0 FRED FISHER TRUSTEE 1.00 X 0 0 0 BRONYA GALEF TRUSTEE 1.00 X 0 0 0 RALPH HOLGUIN TRUSTEE 1.00 X 0 0 0 KIRK HYDE TRUSTEE 1.00 X 0 0 0 JAMES HYMAN TRUSTEE 1.00 X 0 0 0 JENNIFER MCCORMICK TRUSTEE 1.00 X 0 0 0 WINIFRED NEISSER TRUSTEE 1.00 X 0 0 0 MEI-LEE NEY TRUSTEE 1.00 X 0 0 0 EDWARD JAMES OLMOS TRUSTEE 1.00 X 0 0 0 JEFFREY SHAMES TRUSTEE 1.00 X 0 0 0 BERRY STEIN TRUSTEE 1.00 X 0 0 0 DEBRA WONG YANG TRUSTEE 1.00 X 0 0 0 DIANE ZIERING TRUSTEE 1.00 X 0 0 0 ELAINE GOLDSMITH NON-VOTING TRUSTEE 1.00 X 0 0 0 KENT TWITCHELL NON-VOTING TRUSTEE 1.00 X 0 0 0 DAWN BAILLIE TRUSTEE 1.00 X 0 0 0 RANDY LAVENDER END 33121 INTERIM PRESIDENT 37.50 X 286286 0 35104 CHARLES JOSEPH HIRSCHHORN START 41 PRESIDENT 37.50 X 284333 0 13092 DAVID VALENTINE VP, FINANCIAL SERVICES 37.50 X 204535 0 12112 ANKUSH MAHINDRA VP, IT AND OPERATIONS 37.50 X 173650 0 30891 LAURA KIRALLA VP, CAMPUS LIFE 37.50 X 159263 0 24532 PATRICK MAHANY VP, INSTITUTIONAL ADVANCEMENT 37.50 X 169583 0 45509 JEFFREY PERKINS VP, COMMUNICATIONS & MARKETING 37.50 X 153075 0 18143 KAREN HILL VP, HUMAN RESOURCES & DEVELOPMENT 37.50 X 153075 0 39718 KIMBERLY RUSSO END 73120 INTERIM PROVOST 37.50 X 133586 0 17387 JISEON ISBARA START 7120 PROVOST 37.50 X 110875 0 9488 JULIE SPENCER STUDENT HEALTH DIRECTOR/PHYSICIAN 37.50 X 166276 0 35381 KALI NIKITAS CHAIR, COMMARTS & MFA GRAPHIC DESIGN 37.50 X 155381 0 21716 DEBRA BALLARD ASSOCIATE PROVOST, ASSESMENT & ACCREDITATION 37.50 X 152400 0 34061 HELANE WILBOURNE CHAIR, FINE ARTS 37.50 X 140208 0 5795 MEG CRANSTON CHAIR, FASHION DESIGN 37.50 X 129130 0 11831 2571656 0 354760 31 0 1 0 BON APPETIT MANAGEMENT COMPANY 100 HAMILTON AVE SUITE 400 PALO ALTO CA 94301 FOOD SERVICE PROVIDER 870252 ALL CARE INDUSTRIES INC 16747 1/2 SOUTH PARKSIDE AVE CERRITOS CA 90703 JANITROIAL SERVICES 554829 TYPECRAFT INC 2040 EAST WALNUT STREET PASADENA CA 91107 DESIGN SERVICES 172681 EDUCATIONAL TRAVEL ADVENTURES 4400 RT 9 SOUTH SUITE 1000 FREEHOLD NJ 07728 STUDENT TRAVEL SERVICES 159367 MOSS ADAMS LLP PO BOX 748369 LOS ANGELES CA 90074 PROFESSIONAL SERVICES 122245 6 25000 10206444 10231444 TUITION AND FEES 611600 51477022 51477022 AUXILIARY ENTERPRISES 900099 4472608 4472608 55949630 869858 869858 13631754 13317623 314131 314131 314131 OTHER INCOME 900099 551404 551404 551404 67916467 55949630 0 1735393 20867081 20867081 35800 35800 1852332 557836 840616 453880 22923304 18040529 4860075 22700 3466056 2650096 815960 1703976 1049784 407946 246246 96948 96948 136519 136519 147094 147094 1045106 830101 175314 39691 77528 36381 39608 1539 3532250 3355571 164056 12623 1918982 997927 899065 21990 1567117 1378387 175423 13307 117367 112074 3972 1321 45957 28138 17598 221 1176903 1176903 3886866 3692522 155475 38869 499832 499832 STUDENT MEDICAL INSURAN 840525 840525 REPAIRS AND MAINTENANCE 475059 408688 62573 3798 EQUIP COST UNDER $1,000 184966 146173 38175 618 DUES & SUBSCRIPTIONS 157274 112449 36242 8583 443052 72374 370317 361 67197894 55212436 11119711 865747 4391276 6050852 3028276 1302655 150050 156880 467857 566689 8022 1059329 1263929 100010266 33173931 69808745 66836335 27733081 36202541 757289 1111939 46163 42925 107442066 113542767 5575881 6459602 4370506 6351700 31214287 30414695 6352531 3654447 47513205 46880444 X 37553656 35640666 22375205 31021657 59928861 66662323 107442066 113542767 718573 6014889 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 19785040 0 6070816 623588 674364 24557904 21044939 -543338 716561 19785040 17647463 2421288 1731018 431095 323735 21044939 16488808 274384 1593742 401127 308344 17647463 15305785 25000 1814157 379339 276795 16488808 0.04070 0.49260 0.46670 0 0 3875677 3875677 74332288 14972868 59359420 1239410 920950 318460 20560891 17280113 3280778 2000 2000 66836335 OTHER DEBT 258183 CAPITAL LEASE OBLIGATION 896264 LINE OF CREDIT 2500000 3654447 X 52881381 6014890 6014890 46866491 147094 20902881 21049975 67916466 46147919 0 46147919 147094 20902881 21049975 67197894 PART III, LINE 1A: THE COLLEGE COLLECTIONS ARE MADE UP OF DONATED ARTWORK OF HISTORICAL SIGNIFICANCE WHICH ARE NOT RECORDED AS ASSETS AND ARE HELD FOR EDUCATIONAL AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO FUND ENDOWED SCHOLARSHIPS. PART III, LINE 4: COLLECTIONS ARE: - HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN - PROTECTED, KEPT UNENCUMBERED, CARED FOR, AND PRESERVED - SUBJECT TO A DONOR POLICY THAT REQUIRES THE PROCEEDS FROM SALES OF COLLECTION ITEMS TO BE USED TO FUND AN ENDOWMENT FUND PART V, LINE 4: OTIS USES FUNDS TO ESTABLISH SCHOLARSHIPS AND FUNDED PROGRAMS. THE AMOUNT OF EARNINGS TO BE SPENT AS SCHOLARSHIPS DEPENDS ON THE FOLLOWING: 1. IF DONOR LETTER IS ON FILE, FOLLOW THE DONOR'S INTENTIONS. 2. IF NO DONOR LETTER IS ON FILE, ACCORDING TO THE BOARD OF TRUSTEES, SPENDING SHOULD NOT EXCEED 4% (PER YEAR) OF BEGINNING PRINCIPAL BALANCE 3. THE AMOUNT TO SPEND ON SCHOLARSHIPS SHOULD NOT EXCEED THE ORIGINAL PRINCIPAL UNLESS SPECIFIED BY DONOR LETTER OR BOARD OF TRUSTEES 4. TRANSFER ENDOWMENT FUNDS TO RESTRICTED FUNDS SCHOLARSHIPS AT THE END OF THE YEAR PART X, LINE 2: THE COLLEGE RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2021 AND 2020. THE COLLEGE FILES AN EXEMPT ORGANIZATION RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 20,902,881. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 20,902,881. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 OTIS PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS COLLEGE CLASS CATALOG THAT IS DISTRIBUTED TO STUDENTS FOR ENROLLMENT AS WELL AS AVAILABLE TO THE GENERAL PUBLIC. IN ADDITION, THE COLLEGE POSTS THIS INFORMATION ON ITS WEBSITE AND INCLUDES IT IN APPLICATION MATERIALS. SCHEDULE E, PART I, LINE 6 OTIS RECEIVED FEDERAL AWARDS FROM THE U.S. DEPARTMENT OF EDUCATION DURING THE YEAR, AND ADMINISTERS LOANS FOR THE PERKINS LOAN PROGRAM. 0 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 1111939 KUWAIT 0 0 PROGRAM SERVICES SCHOLARSHIPS 20800 UNITED ARAB EMIRATES 0 0 PROGRAM SERVICES SCHOLARSHIPS 15000 0 0 0 0 0 0 1147739 0 1147739 STUDENT SCHOLARSHIPS KUWAIT 1 20800 WIRE TRANSFER STUDENT SCHOLARSHIPS UNITED ARAB EMIRATES 1 15000 WIRE TRANSFER 0 0 0 1 1 0 PART I, LINE 2: INVESTMENT ACTIVITY IN PRIVATE EQUITY FUNDS ARE OVERSEEN BY INVESTMENT MANAGER. PART III ACCOUNTING METHOD: PART I, LINE 3 METHOD OF ACCOUNTING - ACCRUAL BASIS, INVESTMENTS PART III, LINE 1 ALL STUDENT SCHOLARSHIPS ARE POSTED TO THE STUDENT ACCOUNTS BY THE FINANCIAL AID OFFICE AND PAY FOR TUITION AND FEES. PER OTIS POLICY, BFA/MFA SCHOLARSHIPS DO NOT EXCEED TUITION AND FEES. 1 STUDENT SCHOLARSHIPS 1038 20867081 PART I, LINE 2: ALL STUDENT SCHOLARSHIPS ARE POSTED TO THE STUDENT ACCOUNTS BY THE FINANCIAL AID OFFICE AND PAY FOR TUITION AND FEES. PER OTIS POLICY, BFA/MFA SCHOLARSHIPS DO NOT EXCEED TUITION AND FEES. X X X 1 0 0 0 0 0 0 1 1 0 RANDY LAVENDER END 33121 INTERIM PRESIDENT 285286 0 1000 0 0 0 33904 0 1200 0 321390 0 0 0 CHARLES JOSEPH HIRSCHHORN START 41 PRESIDENT 283333 0 1000 0 0 0 0 0 13092 0 297425 0 0 0 DAVID VALENTINE VP, FINANCIAL SERVICES 196096 0 8439 0 0 0 9592 0 2520 0 216647 0 0 0 PATRICK MAHANY VP, INSTITUTIONAL ADVANCEMENT 168583 0 1000 0 0 0 30643 0 14866 0 215092 0 0 0 ANKUSH MAHINDRA VP, IT AND OPERATIONS 172650 0 1000 0 0 0 20025 0 10866 0 204541 0 0 0 JULIE SPENCER STUDENT HEALTH DIRECTOR/PHYSICIAN 165276 0 1000 0 0 0 24400 0 10981 0 201657 0 0 0 KAREN HILL VP, HUMAN RESOURCES & DEVELOPMENT 152075 0 1000 0 0 0 34470 0 5248 0 192793 0 0 0 DEBRA BALLARD ASSOCIATE PROVOST, ASSESMENT & ACCRE 151400 0 1000 0 0 0 29820 0 4241 0 186461 0 0 0 LAURA KIRALLA VP, CAMPUS LIFE 158263 0 1000 0 0 0 24532 0 0 0 183795 0 0 0 KALI NIKITAS CHAIR, COMMARTS & MFA GRAPHIC DESIGN 114381 0 1000 0 40000 0 20516 0 1200 0 177097 0 0 0 JEFFREY PERKINS VP, COMMUNICATIONS & MARKETING 152075 0 1000 0 0 0 15743 0 2400 0 171218 0 0 0 KIMBERLY RUSSO END 73120 INTERIM PROVOST 73087 0 0 0 60499 0 17387 0 0 0 150973 0 0 0 PART I, LINE 4A AN EMPLOYEE RECEIVED COMPENSATION BUT DUE TO CONFIDENTIALITY ISSUES, THE DETAILS ARE NOT REPORTED PART I, LINE 7 ANNUAL BONUS - IN ADDITION TO EMPLOYEE'S BASE SALARY, EMPLOYEE MAY RECEIVE A DISCRETIONARY ANNUAL BONUS. SUCH BONUS AND CRITERIA FOR ELIGIBILITY SHALL BE DETERMINED BY MANAGEMENT ON AN ANNUAL BASIS. PART I, LINE 8 CHARLES JOSEPH HIRSCHHORN NEGOTIATED HIS CONTRACT BEFORE BECOMING A DISQUALIFIED PERSON, AND AS SUCH, QUALIFIES FOR THE INITIAL CONTRACT EXCEPTION. A CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 2014-06-03 34912500 SEE PART VI 0 0 0 A 4145535 34912500 32743336 2169164 2016 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 A 0 1 0 0 1 0 0 0 1 A 1 SCHEDULE K, PART I, COLUMN (F): TO REFINANCE THE 1999 CEFA REVENUE BONDS. LOAN PROCEEDS FINANCED THE COST OF ACQUISITION, CONSTRUCTION, EQUIPPING, AND FURNISHING REAL PROPERTY AND IMPROVEMENTS AT 9045 LINCOLN BOULEVARD, INCLUDING ACADEMIC SPACE, AN AUDITORIUM, RESIDENCE HALL, LEARNING COMMONS, AND OTHER ANCILLARY FACILITIES. FORM 990, PART VI, SECTION B, LINE 11B THE FULL 990 IS REVIEWED BY THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ANNUALLY DISTRIBUTES A CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE FOR BOARD MEMBERS TO COMPLETE. THE BOARD COORDINATOR COLLECTS THE QUESTIONNAIRES AND PROVIDES TO THE VP FOR FINANCE AND ADMINISTRATION WHO REVIEWS THEM FOR ANY CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE PRESIDENT IS INITIALLY DETERMINED USING COMPARABILITY DATA, EITHER FROM A COMPENSATION SURVEY, STUDY OR CONSULTANT. THE BOARD THEN APPROVES THE COMPENSATION OF THE PRESIDENT AND ANY ANNUAL INCREASES INDEPENDENTLY, WITHOUT THE PARTICIPATION OF THE INTERESTED PERSON. THE COMPENSATION OF OTHER KEY EMPLOYEES AND OFFICERS IS DETERMINED BY THE PRESIDENT USING COMPARABILITY DATA. THE PRESIDENT DETERMINES COMPENSATION OF THE OFFICERS INDEPENDENTLY, WITHOUT THE PARTICIPATION OF THE OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 - FINANCIAL STATEMENTS ARE AVAILABLE ONLINE - GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC.