2021-04-09T10:41:52-05:00 2020-05-31 420714325 RSM US LLP 1 S Wacker Drive Ste 800 Chicago IL 60606 990 2019-06-01 270717860 TCS Education System TCSE 3123791699 203 N LaSalle Street No 1900 Chicago IL 60601 Mehul Patel Corporate Treasurer/CFO 3123791699 2021-03-29 1 Rebekuh Eley P01247672 3126343400 2021-03-29 2019 2022-09-23 18:48:47Z Michael Horowitz 203 N LaSalle Street No 1900 Chicago IL 60601 49293156 0 X www.TCSEdSystem.edu X 2009 IL TCS Education System prepares innovative, engaged, purposeful agents of change who serve our global community. 15 14 262 15 0 0 99891 86869 45187944 49192639 -15709 13350 68807 298 45340933 49293156 0 500000 0 0 21662407 23584086 0 0 65263 22691565 22719599 44353972 46803685 986961 2489471 47021009 50377952 12239761 12805668 34781248 37572284 TCS Education System prepares innovative, engaged, purposeful agents of change who serve our global community. 0 0 9849104 500000 49192639 TCS Education System is a private, nonprofit system of colleges advancing student success and community impact. The System serves primarily as a supporting organization and central provider of services to several related institutions of higher learning. Supporting functions include human resources, finance, accounting, information technology, administration, marketing, student services, facilities, and student accounts. 9849104 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 52 0 1 262 1 0 0 0 0 0 0 0 0 0 0 1 0 X 15 14 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL CA X Mehul Patel 3123791699 203 N LaSalle Street No 1900 Chicago IL 60601 Michael Horowitz Corporate President/Trustee 24.00 16.00 X X 3065709 0 203864 Deborah Markos Chief Operating Officer 38.00 2.00 X 394982 0 47628 Donald Packham Chief HR Officer 36.00 4.00 X 306486 0 33654 Deborah Solmor Corporate Secretary/General Counsel 24.00 16.00 X 314047 0 11956 Mehul Patel Corporate Treasurer/CFO 24.00 16.00 X 268569 0 24264 Richard Merrick Chief Information Officer 40.00 0.00 X 237902 0 36953 John Reginald Dennis VP of Marketing 40.00 0.00 X 215631 0 34982 Shari Mikos Asst.Corp. Secretary/Chief of Staff 24.00 16.00 X 214993 0 21174 Gregory Beno AVP Accounting & Controller 40.00 0.00 X 198946 0 16155 Emily B Karem VP of Global Engagement 40.00 0.00 X 182480 0 26158 Victoria Lemus AVP of Human Resources 40.00 0.00 X 165623 0 20424 Steve Schneck AVP of IT Service 40.00 0.00 X 168747 0 15981 Leanne Wruck Chief Academic Officer 40.00 0.00 X 164952 0 5158 Louvenia Hardaway Asst. Corporate Secretary 26.00 14.00 X 80465 0 16360 Edward Bergmark Board Chair 2.00 12.00 X 0 0 0 Richard Chaifetz Vice Chair 2.00 16.00 X 0 0 0 George Mitchell Vice Chair 2.00 16.00 X 0 0 0 Dorothy Farris Trustee 2.00 2.00 X 0 0 0 William Houston Trustee (Until 05/20) 2.00 0.00 X 0 0 0 Kevin Kotecki Trustee 2.00 12.00 X 0 0 0 Terrence Layng Trustee 2.00 10.00 X 0 0 0 Renee Levi Trustee 2.00 2.00 X 0 0 0 Steven Nakisher Trustee 2.00 0.00 X 0 0 0 Douglas Patinkin Trustee 2.00 12.00 X 0 0 0 Mary Pattiz Trustee 2.00 12.00 X 0 0 0 Patricia Potter Trustee 2.00 12.00 X 0 0 0 Victoria Dolan Trustee 2.00 2.00 X 0 0 0 Jana Johnston Trustee 2.00 12.00 X 0 0 0 Bela Gandhi Trustee 2.00 0.00 X 0 0 0 5979532 0 514711 38 0 1 0 Mason Interactive PO Box 781580 Philadelphia PA 19178 Marketing Services 3818934 Google Inc PO Box 39000 Dept 33654 San Francisco CA 94139 Marketing Services 2727865 Digital Media Solutions 4800 140th Ave N Ste 101 Clearwater FL 33762 Digital Media Services 2727153 KellyBrady Advertising Inc 9921 N Nevada St Ste 200 Spokane WA 99218 Marketing Services 2606487 Statewide California Electronic Library PO Box 29007 Glendale CA 91209 Library Services 737404 19 86869 67495 86869 Management Fees 611310 48892639 48892639 Related Org Rent 532000 300000 300000 49192639 13350 13350 298 298 298 49293156 49192639 0 13648 500000 500000 4608429 249416 4359013 15148405 6279513 8868892 818913 285682 533231 1865403 546840 1318563 1142936 433894 709042 666541 666541 338269 338269 757464 92370 665094 14278142 214 14277928 390223 53097 337126 1874978 16002 1858655 321 1070529 428136 642393 802065 269411 467712 64942 371511 30796 340715 1480389 620371 860018 27804 27804 Excise Tax 144746 144746 Dues and memberships 44962 11973 32989 Subscriptions 31443 13380 18063 UBI Tax Payments 15563 15563 424970 18009 406961 46803685 9849104 36889318 65263 1999174 3077308 62318 140908 1157222 4219916 3058962 2869220 19119342 11797898 6334664 7321444 34408669 32749156 47021009 50377952 8277773 8892400 3961988 3913268 12239761 12805668 X 2972570 5763608 31808678 31808676 34781248 37572284 47021009 50377952 2489471 296651 4914 0 X 0 1 X 1 0 X X X 9 The Chicago School of Professional Psychology 363005527 2 0 0 0 Pacific Oaks Education Corporation 951716809 2 0 0 0 Santa Barbara and Ventura Colleges of Law 952592468 2 0 0 0 TCS Education - Texas Inc 364769956 2 0 0 0 Saybrook University 942155109 2 0 0 0 The Chicago School - Washington DC Inc 800477644 2 0 0 0 The Chicago School - California Inc 900394713 2 0 0 0 Kansas Health Sciences Center Inc 825178988 2 0 500000 0 TCSPP Counseling Centers 952556403 2 0 0 0 9 500000 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 Part IV, Section A, Line 1: The supported organizations of TCS are designated by class or purpose through the TCS articles of incorporation. More specifically, Article III provides that TCS is organized to be operated exclusively for the benefit of, to perform functions of, and/or to carry out the purposes of educational institutions and related organizations that fund or advance education (hereinafter the "Publicly Supported Organizations"), so long as the Publicly Supported Organizations are exempt as described in Section 501(c)(3) of the Code and either Sections 509(a)(1) or (a)(2) of the Code. Part IV, Section A, Line 5a: TCSPP Counseling Centers (EIN 95-2556403) was removed as a supporting organization because the entity dissolved during the fiscal year. The supported organizations of TCS are designated by class or purpose through the TCS articles of incorporation. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 996365 996365 2483288 211373 2271915 454000 64643 389357 9121747 7040925 2080822 6063942 4480957 1582985 7321444 Due From Affiliates 11289 Fair Value of Net Assets through (or resulting from) Affiliation 31808678 Interest Receivable 177 Retirement Plan Assets 929012 32749156 Deferred Rent 1776305 Retirement Plan Liabilities 1253021 Long Term Debt 827579 Due to Affiliates 56363 3913268 X Part X, Line 2: The System 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 state law and, accordingly, is not subject to federal or state income taxes. 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, the System 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 the System 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, 2020 or 2019. The System annually files Form 990 in the U.S. federal jurisdiction and in the states of Illinois and California. The Affiliates annually file Form 990s in the U.S. federal jurisdiction and in their respective state or district. East Asia and the Pacific 0 1 Program Services Consulting/Study Abroad 173651 Europe (Including Iceland & Greenland) 0 1 Program Services Consulting/Study Abroad 45977 South Asia 0 1 Program Services Enrollment Services/IT 21770 Sub-Saharan Africa 0 1 Program Services Consulting/Study Abroad 34200 South America 0 1 Program Services Consulting 5800 0 5 0 0 0 5 281398 0 281398 0 0 0 0 0 0 Part III Accounting Method: 1 Kansas Health Science Center Inc 221 S Topeka St Wichita KS 67202 825178988 501(c)(3) 500000 0 General operating support 1 0 Part I, Line 2: Kansas Health Science Center is a 501(c)(3) related organization. X X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 Michael Horowitz Corporate President/Trustee 686795 0 455663 0 1923251 0 185799 0 18065 0 3269573 0 1875804 0 Deborah Markos Chief Operating Officer 304580 0 90402 0 0 0 28352 0 19276 0 442610 0 0 0 Donald Packham Chief HR Officer 245986 0 60500 0 0 0 21883 0 11771 0 340140 0 0 0 Deborah Solmor Corporate Secretary/General Counsel 251547 0 62500 0 0 0 9013 0 2943 0 326003 0 0 0 Mehul Patel Corporate Treasurer/CFO 217069 0 51500 0 0 0 18969 0 5295 0 292833 0 0 0 Richard Merrick Chief Information Officer 188197 0 49705 0 0 0 17640 0 19313 0 274855 0 0 0 John Reginald Dennis VP of Marketing 186710 0 28921 0 0 0 15804 0 19178 0 250613 0 0 0 Shari Mikos Asst.Corp. Secretary/Chief of Staff 173793 0 41200 0 0 0 15438 0 5736 0 236167 0 0 0 Gregory Beno AVP Accounting & Controller 177952 0 20994 0 0 0 14060 0 2095 0 215101 0 0 0 Emily B Karem VP of Global Engagement 158142 0 24338 0 0 0 13253 0 12905 0 208638 0 0 0 Victoria Lemus AVP of Human Resources 150482 0 15141 0 0 0 11956 0 8468 0 186047 0 0 0 Steve Schneck AVP of IT Service 159611 0 9136 0 0 0 0 0 15981 0 184728 0 0 0 Leanne Wruck Chief Academic Officer 156952 0 8000 0 0 0 0 0 5158 0 170110 0 0 0 Part I, Line 1a During the 2019 calendar year, TCS Education System provided the following benefit to Dr. Michael Horowitz: - taxable housing allowance of $36,000 The following expenses were incurred in connection with a business purpose: - non-taxable travel for companions of $4,934 - non-taxable health and social club dues of $4,600 Part I, Line 4b Line 4b: Dr. Michael Horowitz participated in a 457(f) retirement plan that terminated in 2019. He received a mandatory distribution of $1,875,804 from the plan that was reported in taxable compensation. The balance of the plan was generated from contributions and investment earnings over its 10 year life. For 2019, TCS Education System contributed $110,799 to the plan. 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. X 1 2549 FMV X Event Tickets 14 64946 FMV 0 0 0 0 Part I, Column (b): Is the number of contributions. Form 990, Part VI, Section A, line 4 During fiscal year 2020, the Articles of Incorporation were amended and restated for a revision to the number of Trustees. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent accounting firm (RSM US LLP) along with the advice of the management and attorneys of the organization. The Form 990 is posted to a secure web portal, allowing members to review and offer commentary prior to the filing of the Form 990. 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) 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 members 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 TCS Education System has established an Executive Committee who reviews and approves the compensation of all executives of the Corporation to determine that it is just and reasonable. The Executive Committee 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 the salaries and benefits of the President and other TCS personnel. Executive salaries are reviewed and approved by the 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 of all compensation determinations in the records of the Board. Form 990, Part VI, Section C, line 19 Financial information as well as governance documents, which include the conflict of interest policy, are not made available to the public. TCSPP Counseling Centers 707 Wilshire Blvd Los Angeles CA 90017 952556403 Education CA 501(c)(3) Line 2 The Chicago School - California Inc 1 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 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 1 Kansas Health Sciences Center Inc 221 S Topeka Street Wichita KS 67202 825178988 Education KS 501(c)(3) Line 2 TCS Education System 1 Saybrook University 55 Eureka Street Pasadena CA 91103 942155109 Education CA 501(c)(3) Line 2 TCS Education System 1 TCS Education - Texas Inc 203 N LaSalle Street Suite 1900 Chicago IL 60601 364769956 Education TX 501(c)(3) Line 2 TCS Education System 1 The Colleges of Law 4475 Market Street Ventura CA 93003 952592468 Education CA 501(c)(3) Line 2 TCS Education System 1 Pacific Oaks Education Corporation 45 Eureka Street Pasadena CA 91103 951716809 Education CA 501(c)(3) Line 2 TCS Education System 1 The Chicago School - California Inc 707 Wilshire Blvd Los Angeles CA 90017 900394713 Education CA 501(c)(3) Line 2 TCS Education System 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 TCS Education - Texas Inc A 300000 Actual Kansas Health Science Center Inc B 500000 Actual Kansas Health Science Center Inc D 1984626 Actual TCS Education - Texas Inc D 1173154 Actual Kansas Health Science Center Inc L 100000 Actual TCS Education - Texas Inc L 771475 Actual Saybrook University L 3736887 Actual The Chicago School - California Inc L 23912946 Actual The Colleges of Law L 918678 Actual The Chicago School - Washington DC Inc L 3450668 Actual Pacific Oaks Education Corporation L 6532829 Actual The Chicago School of Professional Psychology L 9452628 Actual Kansas Health Science Center Inc P 35004 Actual TCS Education - Texas Inc P 626679 Actual Saybrook University Q 3662498 Actual The Chicago School - California Inc Q 21385837 Actual The Colleges of Law Q 903678 Actual Pacific Oaks Education Corporation Q 6519482 Actual