PACIFIC OAKS EDUCATION CORPORATION: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- PACIFIC OAKS EDUCATION CORPORATION (EIN 95-1716809)
- Tax period
- 2020-06-01 to 2021-05-31
- Filed
- 2022-04-11
- IRS object ID
- 202241019349300724
- Schema version
- 2020v4.2
- 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 I
- Schedule J
- Schedule K
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-04-11T10:54:56-05:00 | ReturnTs |
| Tax Period End | 2021-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 S Wacker Drive Ste 3300 | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 951716809 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Pacific Oaks Education Corporation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PACI | BusinessNameControlTxt |
| Phone | 6265298061 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 45 Eureka Street | AddressLine1Txt |
| City | Pasadena | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91103 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Greg Beno | PersonNm |
| Person Title | Corporate Treasurer | PersonTitleTxt |
| Phone | 3123791699 | PhoneNum |
| Signature | 2022-04-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Greg | PersonFirstNm |
| Person Last | Beno | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Rebekuh Eley | PreparerPersonNm |
| PTIN | P01247672 | PTIN |
| Phone | 3126343400 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Pacific Oaks College and Children's School | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Michael Horowitz | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 203 N LaSalle Ste 1900 | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60601 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $26,880,315 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.PacificOaks.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1945 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | POCCS prepares students to be culturally intelligent agents of change serving diverse communities in fields of human development, education, and family studies. | ActivityOrMissionDesc |
| Voting Members Governing Body | 21 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 19 | VotingMembersIndependentCnt |
| Total Employee | 407 | TotalEmployeeCnt |
| Total Volunteers | 127 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $540,267 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,907,671 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $22,810,819 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $21,746,339 | CYProgramServiceRevenueAmt |
| PY Investment Income | $541,792 | PYInvestmentIncomeAmt |
| CY Investment Income | $529,580 | CYInvestmentIncomeAmt |
| PY Other Revenue | $330,979 | PYOtherRevenueAmt |
| CY Other Revenue | $284,565 | CYOtherRevenueAmt |
| PY Total Revenue | $24,223,857 | PYTotalRevenueAmt |
| CY Total Revenue | $24,468,155 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $640,300 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,100,682 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $11,881,667 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $11,541,008 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $249,536 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $11,755,624 | PYOtherExpensesAmt |
| CY Other Expenses | $11,953,661 | CYOtherExpensesAmt |
| PY Total Expenses | $24,277,591 | PYTotalExpensesAmt |
| CY Total Expenses | $24,595,351 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$53,734 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$127,196 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $44,518,024 | TotalAssetsBOYAmt |
| Total Assets EOY | $49,691,370 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $25,335,546 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $27,412,109 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $19,182,478 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $22,279,261 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | Pacific Oaks College and Children's School is dedicated to preparing innovative, engaged, purposeful agents of change who serve the global community. The mission of the College states "Grounded in its social justice heritage, Pacific Oaks College prepares students to be culturally intelligent agents of change serving diverse communities in the fields of human development, education, and related family studies." The primary focus of the Children's School is placed upon all needs of young children and their families, and all those who, in a direct or indirect manner, touch their lives each day. The mission of the Corporation is inclusive of the mission of the College and primary focus of the Children's School. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $16,445,120 | ExpenseAmt |
| Grant | $1,100,682 | GrantAmt |
| Revenue | $21,746,339 | RevenueAmt |
| Desc | Pacific Oaks College and Children's School (POCCS) is dedicated to preparing innovative, engaged, purposeful agents of change who serve the global community. The mission of the College states "Grounded in its social justice heritage, Pacific Oaks College prepares students to be culturally intelligent agents of change serving diverse communities in the fields of human development, education, and related family studies." The primary focus of the Children's School is placed upon all needs of young children and their families, and all those who, in a direct or indirect manner, touch their lives each day. The mission of the Corporation is inclusive of the mission of the College and primary focus of the Children's School.Pacific Oaks College is an accredited college by WASC Senior College and University Commission. Pacific Oaks College offers a range of bachelor's, master's and certificate programs in both flexible online and on-ground, in-classroom formats to meet the needs of non-traditional and adult students. Pacific Oaks College served more than 1,700 students during the fiscal year ended May 31, 2021. The Children's School offers both part-time and full-time early childhood education programs for infants, toddlers, and young children through age six. The Children's School enrollment is over 100 children. | Desc |
| Total Program Service Expenses | $16,445,120 | 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 | 0 | 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 | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | 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 | 0 | 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 | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 68 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 407 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| 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 | 21 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 19 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | 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 | Greg Beno | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3123791699 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 203 N LaSalle Street Suite 1900 | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60601 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (31 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Michael Horowitz | ||||||||
| Corporate President/Trustee | 2.00 | 38.00 | Yes (X) | Yes (X) | $0 | $1,900,859 | $110,809 | |
| Jack Paduntin | ||||||||
| Trustee/College President | 40.00 | 0.00 | Yes (X) | Yes (X) | $351,897 | $0 | $43,448 | |
| Deborah Solmor | ||||||||
| Corporate Secretary | 2.00 | 38.00 | Yes (X) | $0 | $320,156 | $25,281 | ||
| Mehul Patel | ||||||||
| Corporate Treasurer | 2.00 | 38.00 | Yes (X) | $0 | $294,481 | $32,255 | ||
| Shari Mikos | ||||||||
| Asst. Corporate Secretary | 2.00 | 38.00 | Yes (X) | $0 | $244,520 | $21,416 | ||
| Marcia Bankirer | ||||||||
| Campus Dean | 40.00 | 0.00 | $149,850 | $0 | $35,524 | Yes (X) | ||
| Michael Patton | ||||||||
| AVP of Admissions | 40.00 | 0.00 | $134,445 | $0 | $16,730 | Yes (X) | ||
| Bree Cook | ||||||||
| VP, Academic Affairs | 40.00 | 0.00 | $112,532 | $0 | $34,427 | Yes (X) | ||
| Yug Fon Chiquito | ||||||||
| AVP of Finance & Admin. Operations | 40.00 | 0.00 | $114,475 | $0 | $26,656 | Yes (X) | ||
| Jane Sawyer | ||||||||
| VP, HR & Org. Effectiveness | 40.00 | 0.00 | $118,375 | $0 | $18,090 | Yes (X) | ||
| Louvenia Hardaway | ||||||||
| Asst. Corporate Secretary | 2.00 | 38.00 | Yes (X) | $0 | $58,719 | $14,657 | ||
| Edward Bergmark | ||||||||
| Chair of Council | 2.00 | 12.00 | Yes (X) | $0 | $0 | $0 | ||
| George Mitchell | ||||||||
| Vice Chair of Council | 2.00 | 16.00 | Yes (X) | $0 | $0 | $0 | ||
| Valerie Coachman-Moore | ||||||||
| Board Chair | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Priscilla Burgess-Gamb | ||||||||
| Vice Chair | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Victoria Burwell | ||||||||
| Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Richard Chaifetz | ||||||||
| Trustee | 2.00 | 16.00 | Yes (X) | $0 | $0 | $0 | ||
| Renatta Cooper | ||||||||
| Trustee (Until 01/2021) | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Ryan C Eisenberg | ||||||||
| Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Jana Johnston | ||||||||
| Trustee | 2.00 | 12.00 | Yes (X) | $0 | $0 | $0 | ||
| Kevin Kotecki | ||||||||
| Trustee | 2.00 | 12.00 | Yes (X) | $0 | $0 | $0 | ||
| Dawn Kurtz | ||||||||
| Trustee (As of 05/2021) | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Terrence Layng | ||||||||
| Trustee | 2.00 | 10.00 | Yes (X) | $0 | $0 | $0 | ||
| Stacey Lydon | ||||||||
| Trustee (As of 05/2021) | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Fred Marcus | ||||||||
| Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Teresa Nuno | ||||||||
| Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Douglas Patinkin | ||||||||
| Trustee | 2.00 | 12.00 | Yes (X) | $0 | $0 | $0 | ||
| Mary Pattiz | ||||||||
| Trustee | 2.00 | 12.00 | Yes (X) | $0 | $0 | $0 | ||
| Patricia Potter | ||||||||
| Trustee | 2.00 | 12.00 | Yes (X) | $0 | $0 | $0 | ||
| Vernon Taylor | ||||||||
| Trustee (As of 10/2020) | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Angela Vazquez | ||||||||
| Trustee | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $981,574 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $2,818,735 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $379,293 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 13 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Alston & Bird LLP | |||||
| 1201 W Peach Tree Street | Atlanta | GA | 30309 | Legal Services | $591,492 |
| GL Kaplan Construction Company | |||||
| 1702 Chico Ave | South El Monte | CA | 91733 | Construction Services | $335,878 |
| Deepa Fernandes | |||||
| 419 W Lime Ave | Monrovia | CA | 91016 | Consulting Fees | $150,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $5,000 | RelatedOrganizationsAmt |
| Government Grants | $1,740,083 | GovernmentGrantsAmt |
| All Other Contributions | $162,588 | AllOtherContributionsAmt |
| Noncash Contributions | $11,000 | NoncashContributionsAmt |
| Total Contributions | $1,907,671 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Tuition & Fee Revenue | 611310 | $21,535,527 | $21,535,527 |
| Other School Revenue | 900099 | $210,812 | $210,812 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $21,746,339 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $212,274 | TotalRevenueColumnAmt |
| Exclusion | $212,274 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,264 | TotalRevenueColumnAmt |
| Exclusion | $8,264 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $676,635 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $461,306 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $215,329 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $215,329 | TotalRevenueColumnAmt |
| Exclusion | $215,329 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,268,160 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,950,854 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $317,306 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $317,306 | TotalRevenueColumnAmt |
| Exclusion | $317,306 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $60,972 | TotalRevenueColumnAmt |
| Exclusion | $60,972 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $60,972 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $24,468,155 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $21,746,339 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $814,145 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,100,682 | TotalAmt |
| Program Services | $1,100,682 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $423,641 | TotalAmt |
| Program Services | $109,509 | ProgramServicesAmt |
| Management And General | $314,132 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,109,386 | TotalAmt |
| Program Services | $8,567,355 | ProgramServicesAmt |
| Management And General | $376,954 | ManagementAndGeneralAmt |
| Fundraising | $165,077 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $430,863 | TotalAmt |
| Program Services | $387,035 | ProgramServicesAmt |
| Management And General | $33,170 | ManagementAndGeneralAmt |
| Fundraising | $10,658 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $839,138 | TotalAmt |
| Program Services | $656,168 | ProgramServicesAmt |
| Management And General | $166,969 | ManagementAndGeneralAmt |
| Fundraising | $16,001 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $737,980 | TotalAmt |
| Program Services | $680,724 | ProgramServicesAmt |
| Management And General | $45,222 | ManagementAndGeneralAmt |
| Fundraising | $12,034 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,915,301 | TotalAmt |
| Management And General | $1,915,301 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $986,731 | TotalAmt |
| Management And General | $986,731 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,000 | TotalAmt |
| Management And General | $20,000 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,071 | TotalAmt |
| Management And General | $8,071 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $363,950 | TotalAmt |
| Program Services | $273,913 | ProgramServicesAmt |
| Management And General | $88,373 | ManagementAndGeneralAmt |
| Fundraising | $1,664 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,021,472 | TotalAmt |
| Program Services | $1,969 | ProgramServicesAmt |
| Management And General | $3,019,503 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $224,961 | TotalAmt |
| Program Services | $114,930 | ProgramServicesAmt |
| Management And General | $107,255 | ManagementAndGeneralAmt |
| Fundraising | $2,776 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,383 | TotalAmt |
| Program Services | $19,148 | ProgramServicesAmt |
| Management And General | $1,140 | ManagementAndGeneralAmt |
| Fundraising | $1,095 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $908,356 | TotalAmt |
| Program Services | $825,926 | ProgramServicesAmt |
| Management And General | $72,519 | ManagementAndGeneralAmt |
| Fundraising | $9,911 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,068 | TotalAmt |
| Program Services | $17,474 | ProgramServicesAmt |
| Management And General | $1,580 | ManagementAndGeneralAmt |
| Fundraising | $14 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $104,923 | TotalAmt |
| Program Services | $85,390 | ProgramServicesAmt |
| Management And General | $15,064 | ManagementAndGeneralAmt |
| Fundraising | $4,469 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $605,706 | TotalAmt |
| Program Services | $537,776 | ProgramServicesAmt |
| Management And General | $56,608 | ManagementAndGeneralAmt |
| Fundraising | $11,322 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $509,785 | TotalAmt |
| Program Services | $494,250 | ProgramServicesAmt |
| Management And General | $5,218 | ManagementAndGeneralAmt |
| Fundraising | $10,317 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $175,525 | TotalAmt |
| Management And General | $175,525 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Student Services | $2,284,168 | $2,281,448 | $2,683 | $37 |
| Bad Debt | $317,987 | $317,987 | ||
| Subscriptions and Publi | $44,127 | $32,186 | $9,150 | $2,791 |
| Dues and Memberships | $37,129 | $23,270 | $13,859 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $385,018 | TotalAmt |
| Program Services | $235,967 | ProgramServicesAmt |
| Management And General | $147,681 | ManagementAndGeneralAmt |
| Fundraising | $1,370 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,595,351 | TotalAmt |
| Program Services | $16,445,120 | ProgramServicesAmt |
| Management And General | $7,900,695 | ManagementAndGeneralAmt |
| Fundraising | $249,536 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,970,091 | BOYAmt |
| EOY | $5,438,451 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,283,007 | BOYAmt |
| EOY | $415,091 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,697 | BOYAmt |
| EOY | $229,826 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $498,489 | BOYAmt |
| EOY | $707,379 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $177,001 | BOYAmt |
| EOY | $253,393 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $30,582,323 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,157,586 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,484,393 | BOYAmt |
| EOY | $27,424,737 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,570,544 | BOYAmt |
| EOY | $14,751,955 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $336,659 | BOYAmt |
| EOY | $274,732 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $134,143 | BOYAmt |
| EOY | $195,806 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,518,024 | BOYAmt |
| EOY | $49,691,370 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,343,461 | BOYAmt |
| EOY | $2,386,224 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,193,540 | BOYAmt |
| EOY | $3,455,488 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,457,945 | BOYAmt |
| EOY | $15,920,583 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,338,341 | BOYAmt |
| EOY | $2,270,251 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,002,259 | BOYAmt |
| EOY | $3,379,563 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,335,546 | BOYAmt |
| EOY | $27,412,109 | 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 | $12,796,251 | BOYAmt |
| EOY | $14,461,112 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,386,227 | BOYAmt |
| EOY | $7,818,149 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,182,478 | BOYAmt |
| EOY | $22,279,261 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,518,024 | BOYAmt |
| EOY | $49,691,370 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$127,196 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $2,618,257 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $605,722 | 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) |
|---|---|---|
| Consol And Sep Basis Fincl Stmt | Yes (X) | ConsolAndSepBasisFinclStmtInd |
| 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 |
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 | $9,869,139 | BeginningYearBalanceAmt |
| Contributions | $0 | ContributionsAmt |
| Investment Earnings Or Losses | $2,975,068 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $271,524 | GrantsOrScholarshipsAmt |
| End Year Balance | $12,572,683 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,494,621 | BeginningYearBalanceAmt |
| Contributions | $1,542 | ContributionsAmt |
| Investment Earnings Or Losses | $619,478 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $246,502 | GrantsOrScholarshipsAmt |
| End Year Balance | $9,869,139 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,635,532 | BeginningYearBalanceAmt |
| Contributions | $1,037 | ContributionsAmt |
| Investment Earnings Or Losses | $136,161 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $278,109 | GrantsOrScholarshipsAmt |
| End Year Balance | $9,494,621 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,253,657 | BeginningYearBalanceAmt |
| Contributions | $4,340 | ContributionsAmt |
| Investment Earnings Or Losses | $788,397 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $410,862 | GrantsOrScholarshipsAmt |
| End Year Balance | $9,635,532 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,396,666 | BeginningYearBalanceAmt |
| Contributions | $1,159,791 | ContributionsAmt |
| Investment Earnings Or Losses | $1,032,986 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $335,786 | GrantsOrScholarshipsAmt |
| End Year Balance | $9,253,657 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.42837 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.33863 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.23300 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $14,123,271 | OtherCostOrOtherBasisAmt |
| Book Value | $14,123,271 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $14,172,297 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,657,007 | DepreciationAmt |
| Book Value | $12,515,290 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $60,162 | OtherCostOrOtherBasisAmt |
| Depreciation | $60,162 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $850,848 | OtherCostOrOtherBasisAmt |
| Depreciation | $630,801 | DepreciationAmt |
| Book Value | $220,047 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,375,745 | OtherCostOrOtherBasisAmt |
| Depreciation | $809,616 | DepreciationAmt |
| Book Value | $566,129 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $27,424,737 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| Deferred Rent | $10,996 |
| Other Liabilities | $308,768 |
| Swap Valuation Liability | $1,056,521 |
| Due to Related Party | $2,003,278 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,379,563 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $27,138,808 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $2,618,257 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$154,725 | OtherRevenueAmt |
| Revenue Not Reported | $2,463,532 | RevenueNotReportedAmt |
| Revenue Subtotal | $24,675,276 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $8,071 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$215,192 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$207,121 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $24,468,155 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $24,042,025 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $461,306 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $461,306 | ExpensesNotReportedAmt |
| Expenses Subtotal | $23,580,719 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $8,071 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $1,006,561 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,014,632 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $24,595,351 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part V, Line 4: | POCCS's endowment consists of donor-restricted funds and a Board designated fund for general institutional support. The endowment funds are primarily used for student financial assistance and mission advancement. |
| Part X, Line 2: | POCCS has received notification that it qualifies as a tax-exempt organization under Section 501(c)(3) of the U.S. Internal Revenue Code and corresponding provisions of the State of California law. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, POCCS may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of POCCS and various positions related to the potential sources of unrelated business taxable income. There were no unrecognized tax benefits identified or recorded as liabilities during the years ended May 31, 2021 or 2020. POCCS files Form 990 annually in the U.S. federal jurisdiction and in the State of California. |
| Part XI, Line 2d - Other Adjustments: | Net unrealized gain on interest rate swap 605,722. Scholarships reported as a contra revenue account -760,447. |
| Part XI, Line 4b - Other Adjustments: | Rental expenses -461,306. HEERF Grant 246,114. |
| Part XII, Line 2d - Other Adjustments: | Rental expenses 461,306. |
| Part XII, Line 4b - Other Adjustments: | Scholarships reported as a contra revenue account 760,447. HEERF Grant 246,114. |
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 | Pacific Oaks College and Children's School nondiscrimination policies are published in the academic catalog, student handbook, and admissions policies, which are available to the public via the Institution's website. |
| Schedule E, Part I, Line 6 | POCCS receives funds from the US Department of Education for several student financial assistance programs, including the Federal Direct Stafford Loan Program, Federal Direct Grad Plus Loan Program, Federal Direct Plus Loan Program, Federal Pell Grant Program, Federal Supplemental Education Opportunity Grant Program, and Federal Work-Study Program. POCCS also receives state funding from the California monetary assistance programs including California Grant A, California Grant B, California Grant T, and California Grant Subsistence. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt |
|---|---|---|---|
| Scholarships | 485 | $759,546 | $0 |
| FSEOG | 6 | $900 | $0 |
| HEERF - Student Funding | 538 | $340,236 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | POCCS gives need-based and merit-based scholarships. Need-based scholarships are monitored through the Department of Education FAFSA form. Students with $0 estimated family contribution (EFC), based on the Department of Education guidelines, will be automatically awarded a scholarship. Merit-based scholarships are granted to students who submit all required documentation by certain deadlines and apply with good academic standing. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | 0 | SubstantiationRequiredInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | 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 (7 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Michael Horowitz | ||||||||||||||
| Corporate President/Trustee | $0 | $1,096,816 | $0 | $539,732 | $0 | $264,311 | $0 | $76,500 | $0 | $35,095 | $0 | $2,012,454 | $0 | $0 |
| Jack Paduntin | ||||||||||||||
| Trustee/College President | $241,397 | $0 | $62,500 | $0 | $48,000 | $0 | $21,875 | $0 | $22,089 | $0 | $395,861 | $0 | $0 | $0 |
| Deborah Solmor | ||||||||||||||
| Corporate Secretary | $0 | $255,781 | $0 | $64,375 | $0 | $0 | $0 | $22,531 | $0 | $3,280 | $0 | $345,967 | $0 | $0 |
| Mehul Patel | ||||||||||||||
| Corporate Treasurer | $0 | $225,481 | $0 | $69,000 | $0 | $0 | $0 | $20,930 | $0 | $11,804 | $0 | $327,215 | $0 | $0 |
| Shari Mikos | ||||||||||||||
| Asst. Corporate Secretary | $0 | $187,310 | $0 | $57,210 | $0 | $0 | $0 | $17,354 | $0 | $5,141 | $0 | $267,015 | $0 | $0 |
| Marcia Bankirer | ||||||||||||||
| Campus Dean | $149,850 | $0 | $0 | $0 | $0 | $0 | $11,251 | $0 | $24,608 | $0 | $185,709 | $0 | $0 | $0 |
| Michael Patton | ||||||||||||||
| AVP of Admissions | $134,445 | $0 | $0 | $0 | $0 | $0 | $9,487 | $0 | $7,554 | $0 | $151,486 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 1a | During the 2020 calendar year, TCS Education System provided the following benefit to President Jack Paduntin. It was reported as taxable compensation on his 2020 Form W-2. - taxable housing allowance of $48,000 |
| Part I, Line 3 | Pacific Oaks College and Children's School, with support from a related organization, TCS Education System, used one or more of the methods described below to establish the top management official's compensation: - Compensation Committee - Independent Compensation Consultant - Compensation Survey or Study - Form 990 of other organizations - Approval by the Board of Compensation Committee |
| Part I, Line 7 | The target opportunity for the discretionary award is established through market compensation and internal policy so as to relate pay, performance and rewards. Upon reviewing annual performance, the Executive Committee of the Board of Trustees determines results and the granting of discretionary awards, if any. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Illinois Finance Authority | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 861091967 | BondIssuerEIN |
| Bond Issued | 2017-05-18 | BondIssuedDt |
| Issue Price | $18,400,000 | IssuePriceAmt |
| Purpose | Purchase Facilities and Capital Expenditures | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $2,052,000 | RetiredAmt |
| Total Proceeds | $18,400,000 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $286,819 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $18,113,181 | CapitalExpendituresAmt |
| Refunding Tax Exempt Bonds | 0 | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | Yes (1) | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | Yes (1) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 6 | TCS Education System ("TCS ES") is the sole corporate member of Pacific Oaks College and Children's School ("POCCS"). |
| Form 990, Part VI, Section A, line 7a | The Member has the authority to consent to the election of persons to membership on the Board of Trustees, this shall apply to any removal of a member of the Board. |
| Form 990, Part VI, Section A, line 7b | The powers and authority of the Member shall be limited to the following: i. The authority of the Member to consent to a change in the Mission or Purpose of the Corporation. ii. The authority of the Member to consent to a change in the legal entity or tax structure of the Corporation. iii. The authority of the Member to amend the Articles of Incorporation or Bylaws. In addition to the power and authority reserved to the Member in the Articles of Incorporation, the Member shall have the full and exclusive authority to take any action reserved, or granted to it in these Bylaws or applicable law. |
| Form 990, Part VI, Section B, line 11b | The IRS Form 990 is prepared by an independent accounting firm (RSM US LLP) along with the advice of management and attorneys of the organization. The Form 990 is made available to the Governing Board prior to filing with the IRS. |
| Form 990, Part VI, Section B, line 12c | An Interested Person must annually disclose the existence of the facts and circumstances of any conflict of interest to either 1) the Board members and members of Board committees or 2) the Director of Human Resources with respect to any action or proposed action that gives rise to the conflict of interest. Pending review and resolution by the Board or the Governance Committee or Human Resources, the Interested Person shall be excluded from any deliberations or action concerning conflicts of the matter that gives rise to the conflict of interest. Each Board member, corporate officer, Board committee member, and key employee shall annually sign a statement that affirms that such person a) has received a copy of the conflict of interest policy, b) has read and understands the policy, c) has agreed to comply with the policy, d) understands that the Corporation is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities that accomplish one or more of its tax-exempt purposes. |
| Form 990, Part VI, Section B, line 15 | Each Board's Executive Committee reviews and approves the compensation of certain executives of the Corporation to determine that it is just and reasonable. The Executive Committee, in coordination with TCS Education System, shall conduct or cause to be conducted an analysis of the compensation to be paid to the executive as compared to other executives in similar positions with similar organizations. The Executive Committee engages an outside independent compensation consultant to benchmark salaries and benefits. Executive salaries are reviewed and approved by each Board's Executive Committee with the assistance of a benefits consulting firm (Korn Ferry) that provides recommendations based on comparative data with other organizations. The Board documents the basis for all compensation determination in the records of the Board. |
| Form 990, Part VI, Section C, line 19 | The financial information as well as governance documents, which include the conflict of interest policy, are not made available to the public. |
| Form 990, Part XI, line 9: | Net unrealized loss on interest rate swap 605,722. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (8 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| The Colleges of Law | |||||||||||
| 4475 Market Street | Ventura | CA | 93003 | 952592468 | Education | CA | 501(c)(3) | Line 2 | TCS Education System | Yes (1) | |
| The Chicago School - California Inc | |||||||||||
| 707 Wilshire Blvd | Los Angeles | CA | 90017 | 900394713 | Education | CA | 501(c)(3) | Line 2 | TCS Education System | Yes (1) | |
| The Chicago School of Professional Psychology | |||||||||||
| 325 North Wells | Chicago | IL | 60654 | 363005527 | Education | IL | 501(c)(3) | Line 2 | The Chicago School - California Inc | Yes (1) | |
| TCS Education System | |||||||||||
| 203 N LaSalle Street Suite 1900 | Chicago | IL | 60601 | 270717860 | Supporting Organization | IL | 501(c)(3) | Line 12b, II | 0 | N/A | |
| The Chicago School - Washington DC Inc | |||||||||||
| 901 15th Street NW | Washington | DC | 20005 | 800477644 | Education | DC | 501(c)(3) | Line 2 | The Chicago School - California Inc | Yes (1) | |
| TCS Education - Texas Inc | |||||||||||
| 2101 N Waterview Pkwy | Richardson | TX | 75080 | 364769956 | Education | TX | 501(c)(3) | Line 2 | The Chicago School - California Inc | Yes (1) | |
| Saybrook University | |||||||||||
| 55 Eureka Street | Pasadena | CA | 91103 | 942155109 | Education | CA | 501(c)(3) | Line 2 | TCS Education System | Yes (1) | |
| Kansas Health Science Center Inc | |||||||||||
| 221 South Topeka Street | Wichita | KS | 67202 | 825178988 | Education | KS | 501(c)(3) | Line 2 | TCS Education System | Yes (1) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (1) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |