2021-03-10T18:46:32-06:00 2020-06-30 910189318 MOSS ADAMS LLP 10960 WILSHIRE BLVD SUITE 1100 LOS ANGELES CA 90024 990 2019-07-01 132981115 OTIS COLLEGE OF ART AND DESIGN OTIS 3106656800 9045 LINCOLN BLVD LOS ANGELES CA 90045 DAVID V VALENTINE CFO / VP FOR FINANCIAL SERVICE 3106656831 2021-02-07 1 LAUREN A HAVERLOCK P00545829 3104770450 2021-02-07 2019 2022-09-23 18:48:47Z CHARLES HIRSCHHORN 9045 LINCOLN BLVD LOS ANGELES CA 90045 90697541 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 1234 33 0 0 4456841 2583352 57246555 61982170 879249 908117 288447 498081 62871092 65971720 15532375 17687273 0 0 30340060 31926200 0 0 1772756 16594986 17572855 62467421 67186328 403671 -1214608 109354127 107442066 47118565 47513205 62235562 59928861 OTIS PREPARES DIVERSE STUDENTS OF ART AND DESIGN TO ENRICH OUR WORLD THROUGH THEIR CREATIVITY, THEIR SKILL, AND THEIR VISION. 0 0 56934798 17687273 61982170 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. 56934798 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 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 1715 0 1 1234 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 DAVID V VALENTINE 3106656800 9045 LINCOLN BOULEVARD SECOND FLOOR LOS ANGELES CA 90045 BRUCE W FERGUSON PRESIDENT (THRU 09/8/19) 37.50 X 391826 0 47258 RANDALL LAVENDER INTERIM PRESIDENT (THRU 05/31/20) 37.50 X 315915 0 68253 PATRICK MAHANY VP, INSTITUTIONAL ADVANCEME 37.50 X 160034 0 54356 KIM RUSSO INTERIM PROVOST (THRU 06/30/20) 37.50 X 174150 0 38648 ANKUSH MAHINDRA VP, IT & OPERATIONS 37.50 X 170034 0 36966 JULIE SPENCER STUDENT HEALTH DIRECTOR/PHYSICIAN 37.50 X 159869 0 45065 LAURA KIRALLA VP, CAMPUS LIFE 37.50 X 165000 0 35500 KALI NIKITAS CHAIR, COMMUNICATION ARTS & MFA GRAPH 37.50 X 157316 0 32909 KAREN HILL VP, HR & DEVELOPMENT 37.50 X 144802 0 40615 JEFFREY PERKINS VP, MARKETING & COMMUNICATIONS 37.50 X 149300 0 22548 DEBRA BALLARD ASSOCIATE PROVOST, ASSESSMENT & ACC 37.50 X 116519 0 41381 JILL ZELEZNIK CHAIR, FASHION DESIGN 37.50 X 116986 0 39857 CLAUDE NICA CHIEF FACILITIES & OPERATION OFFICER 37.50 X 119601 0 37214 DAVID VALENTINE VP, FINANCIAL SERVICES (AS OF 10/19) 37.50 X 34858 0 1670 DIANA NORTON TRUSTEE 1.00 X 0 0 0 DIANE ZIERING TRUSTEE 1.00 X 0 0 0 EDWARD JAMES OLMOS TRUSTEE 1.00 X 0 0 0 ELAINE GOLDSMITH TRUSTEE 1.00 X 0 0 0 KENT TWITCHELL TRUSTEE 1.00 X 0 0 0 KIRK HYDE TRUSTEE 1.00 X 0 0 0 MEI-LEE NEY TRUSTEE 1.00 X 0 0 0 WINIFRED NEISSER TRUSTEE 1.00 X 0 0 0 FREDERICK 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 JUDY CHAMBERS BECK TRUSTEE 1.00 X 0 0 0 CLIFFORD EINSTEIN TRUSTEE 1.00 X 0 0 0 GAIL BUCHALTER CHAIR (THRU 07/30/19) 1.00 X 0 0 0 JENNIFER BELLAH MAGUIRE TRUSTEE 1.00 X 0 0 0 DEBRA YANG TRUSTEE 1.00 X 0 0 0 JEFFREY SHAMES TRUSTEE 1.00 X 0 0 0 JENNIFER MCCORMICK TRUSTEE 1.00 X 0 0 0 ROGER BROWN TRUSTEE 1.00 X 0 0 0 LESLIE BELZBERG TRUSTEE 1.00 X 0 0 0 BERRY STEIN TRUSTEE 1.00 X 0 0 0 CHARLES JOSEPH HIRSCHHORN PRESIDENT (AS OF 06/01/20) 37.50 X 0 0 0 2376210 0 542240 25 0 1 0 BON APPETIT MANAGEMENT COMPANY 100 HAMILTON AVESUITE 400 PALO ALTO CA 94301 FOOD SERVICE PROVIDER 1809808 ALL CARE INDUSTRIES INC 16747 1/2 SOUTH PARKSIDE AVE CERRITOS CA 90703 JANITORIAL SERVICES 553114 PEOPLE 20 GLOBAL LP PO BOX 677905 DALLAS TX 752677905 TEMPORARY STAFFING SERVICES 222782 UNIVERSAL PROTECTION SERVICES 6200 PLAYA VISTA DR PLAYA VISTA CA 90094 SECURITY SERVICES 204967 EDUCATION TRAVEL ADVENTURES 4400 RT 9 SOUTH SUITE 1000 FREEHOLD NJ 07728 STUDENT TRAVEL SERVICES 170417 9 605254 1978098 2583352 TUITION AND FEES 611600 57525270 57525270 AUXILIARY ENTERPRISES 900099 4456900 4456900 61982170 983399 983399 24650539 24725821 -75282 -75282 -75282 OTHER INCOME 900099 498081 498081 498081 65971720 61982170 0 1406198 17687273 17687273 2274567 796104 678594 799869 23400811 20549683 2377282 473846 1314225 963386 303241 47598 3127272 2375508 730351 21413 1809325 1119146 433167 257012 172763 15524 157239 127654 127654 122666 122666 1382661 1045639 269940 67082 105080 53246 50834 1000 3213552 2944138 246554 22860 2021963 1119755 901855 353 1791748 1694363 80939 16446 706906 654937 32087 19882 82223 59825 21100 1298 1041523 1041523 3870243 3676731 154810 38702 312745 312745 STUDENT MEDICAL INSURAN 1136429 1136429 REPAIRS AND MAINTENANCE 517543 476376 37157 4010 EQUIP COST UNDER $1,000 338710 255085 83518 107 DUES & SUBSCRIPTIONS 241976 168615 73330 31 386470 143035 242188 1247 67186328 56934798 8478774 1772756 2806539 4391276 2239763 3028276 228900 150050 387684 467857 1102148 1059329 99597456 29788711 72950172 69808745 28791290 27733081 795842 757289 51789 46163 109354127 107442066 5659654 5575881 7859742 4370506 32067097 31214287 1532072 6352531 47118565 47513205 X 39248963 37553656 22986599 22375205 62235562 59928861 109354127 107442066 -1214608 -1092093 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 21044939 0 -543338 716561 0 19785040 17647463 2421288 1731018 431095 323735 21044939 16488808 274384 1593742 401127 308344 17647463 15305785 25000 1814157 379339 276795 16488808 16178871 58151 -357649 372346 201242 15305785 0.05050 0.61500 0.33450 0 0 3875677 3875677 74332288 13349188 60983100 1239410 817666 421744 20125345 15621857 4503488 24736 24736 69808745 OTHER DEBT 313205 CAPITAL LEASE OBLIGATION 1039326 LINE OF CREDIT 5000000 6352531 X 47069688 -1092093 -1092093 48161781 122666 17687273 17809939 65971720 49376388 0 49376388 122666 17687273 17809939 67186327 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, 2020 AND 2019. 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 17,687,273. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 17,687,273. 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. CENTRAL AMERICA AND THE CARRIBEAN 0 0 INVESTMENTS 804676 0 0 0 0 0 0 804676 0 804676 1 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 1 STUDENT SCHOLARSHIPS 1077 17687273 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 0 0 0 0 0 0 0 1 1 0 BRUCE W FERGUSON PRESIDENT (THRU 09/8/19) 290768 0 0 0 101058 0 46358 0 900 0 439084 0 0 0 RANDALL LAVENDER INTERIM PRESIDENT (THRU 05/31/20) 311300 0 0 0 4615 0 67053 0 1200 0 384168 0 0 0 PATRICK MAHANY VP, INSTITUTIONAL ADVANCEME 159134 0 900 0 0 0 38490 0 15866 0 214390 0 0 0 KIM RUSSO INTERIM PROVOST (THRU 06/30/20) 130000 0 900 0 43250 0 38648 0 0 0 212798 0 0 0 ANKUSH MAHINDRA VP, IT & OPERATIONS 169134 0 900 0 0 0 26100 0 10866 0 207000 0 0 0 JULIE SPENCER STUDENT HEALTH DIRECTOR/PHYSICIAN 158969 0 900 0 0 0 34084 0 10981 0 204934 0 0 0 LAURA KIRALLA VP, CAMPUS LIFE 165000 0 0 0 0 0 35500 0 0 0 200500 0 0 0 KALI NIKITAS CHAIR, COMMUNICATION ARTS & MFA GRAP 116416 0 900 0 40000 0 31709 0 1200 0 190225 0 0 0 KAREN HILL VP, HR & DEVELOPMENT 144802 0 0 0 0 0 35417 0 5198 0 185417 0 0 0 JEFFREY PERKINS VP, MARKETING & COMMUNICATIONS 148400 0 900 0 0 0 20948 0 1600 0 171848 0 0 0 DEBRA BALLARD ASSOCIATE PROVOST, ASSESSMENT & ACC 115619 0 900 0 0 0 37000 0 4381 0 157900 0 0 0 JILL ZELEZNIK CHAIR, FASHION DESIGN 110086 0 900 0 6000 0 28252 0 11605 0 156843 0 0 0 CLAUDE NICA CHIEF FACILITIES & OPERATION OFFICER 118701 0 900 0 0 0 37094 0 120 0 156815 0 0 0 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 3420439 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 FINANCIAL SERVICES. A COPY OF THE FORM 990, WITHOUT DETAILED SCHEDULE B, 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 FINANCIAL SERVICES 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.