2021-04-09T10:44:27-05:00 2020-05-31 420714325 RSM US LLP 1 S Wacker Drive Ste 800 Chicago IL 60606 990 2019-06-01 951716809 Pacific Oaks Education Corporation PACI 6265298061 45 Eureka Street Pasadena CA 91103 Mehul Patel Corporate Treasurer 3123791699 2021-03-29 1 Rebekuh Eley P01247672 3126343400 2021-03-29 2019 2022-09-23 18:48:47Z Pacific Oaks College and Children's School Michael Horowitz 203 N LaSalle Ste 1900 Chicago IL 60601 28163793 0 X www.PacificOaks.edu X 1945 CA POCCS prepares students to be culturally intelligent agents of change serving diverse communities in fields of human development, education, and family studies. 19 17 410 127 0 0 516744 540267 22525447 22810819 550928 541792 678299 330979 24271418 24223857 755420 640300 0 0 11551293 11881667 0 0 232353 11454495 11755624 23761208 24277591 510210 -53734 45558602 44518024 25383256 25335546 20175346 19182478 X 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. 0 0 16672808 640300 22810819 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, 2020. 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 200 children. 16672808 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 79 0 1 410 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 17 0 0 1 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 0 0 0 CA X Mehul Patel 3123791699 203 N LaSalle Street Suite 1900 Chicago IL 60601 Michael Horowitz Corporate President/Trustee 2.00 38.00 X X 0 3065709 203864 Jack Paduntin Trustee/College President 40.00 0.00 X X 220617 116280 22060 Donald Packham Former Trustee 0.00 0.00 X 0 306486 33654 Deborah Solmor Corporate Secretary 2.00 38.00 X 0 314047 11956 Mehul Patel Corporate Treasurer 2.00 38.00 X 0 268569 24264 Shari Mikos Asst. Corporate Secretary 2.00 38.00 X 0 214993 21174 Marcia Bankirer Campus Dean 40.00 0.00 X 151131 0 27068 Bree Cook VP, Academic Affairs 40.00 0.00 X 120592 0 25766 Michael Patton AVP of Admissions 40.00 0.00 X 132250 0 14061 Robert Boyman Exec. Dir. - Children's School 40.00 0.00 X 131233 0 15012 Yug Fon Chiquito AVP of Finance & Admin. Ops. 40.00 0.00 X 114664 0 15286 Louvenia Hardaway Asst. Corporate Secretary 2.00 38.00 X 0 80465 16360 Edward Bergmark Chair of Council 2.00 12.00 X 0 0 0 George Mitchell Vice Chair of Council 2.00 16.00 X 0 0 0 Valerie Coachman-Moore Board Chair 2.00 0.00 X 0 0 0 Priscilla Burgess-Gamb Vice Chair 2.00 0.00 X 0 0 0 Victoria Burwell Trustee 2.00 0.00 X 0 0 0 Richard Chaifetz Trustee 2.00 16.00 X 0 0 0 Renatta Cooper Trustee 2.00 0.00 X 0 0 0 Ryan C Eisenberg Trustee 2.00 0.00 X 0 0 0 Jana Johnston Trustee 2.00 12.00 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 Fred Marcus Trustee 2.00 0.00 X 0 0 0 Teresa Nuno 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 Angela Vazquez Trustee 2.00 0.00 X 0 0 0 870487 4366549 430525 11 1 1 0 GL Kaplan Construction Company 1702 Chico Ave South El Monte CA 91733 Construction Services 2109639 Alston & Bird LLP 1201 W Peach Tree Street Atlanta GA 30309 Legal Services 618510 An Allied Universal Company PO Box 31001-2374 Pasadena CA 91110 Security Services 225286 Humberto Moreno dba Bert's Maintenance 27407 Garza Drive Saugus CA 91350 Facilities Maintenance 220899 Deepa Fernandes 419 W Lime Ave Monrovia CA 91016 Consulting Fees 150000 6 202 152747 387318 5000 540267 Tuition & Fee Revenue 611310 22738519 22738519 Other School Revenue 900099 72300 72300 22810819 394823 394823 13802 13802 644444 368012 276432 276432 276432 3706644 3559675 146969 146969 146969 17932 202 12249 5683 5683 35062 35062 35062 24223857 22810819 0 872771 640300 640300 439129 109782 329347 9350109 8781150 417566 151393 434289 399446 29001 5842 874265 720591 137680 15994 783875 720145 52150 11580 2008491 2008491 727967 727967 5928 5928 312386 289687 17199 5500 2706901 354 2706547 260715 152166 102495 6054 41132 19054 22078 1249788 1242582 7206 176743 143619 33004 120 222489 143007 78787 695 554678 541241 13437 438855 411361 18362 9132 143036 143036 Student Services 2139561 2133135 6426 Bad Debt 387536 9017 378519 Dues and Memberships 31714 13188 18526 Subscriptions and Publi 27290 16754 6455 4081 320414 186229 132866 1319 24277591 16672808 7372430 232353 6345900 2970091 992496 1283007 0 63697 555743 498489 232099 177001 30086508 2602115 25583223 27484393 11435476 11570544 333864 336659 79801 134143 45558602 44518024 2697473 2343461 2404256 2193540 16913338 16457945 2470400 2338341 897789 2002259 25383256 25335546 X 13915392 12796251 6259954 6386227 20175346 19182478 45558602 44518024 X -53734 182108 -1121242 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9494621 1542 619478 246502 9869139 9635532 1037 136161 278109 9494621 9253657 4340 788397 410862 9635532 7396666 1159791 1032986 335786 9253657 6756378 1073878 -104988 328602 7396666 0.41590 0.43130 0.15280 0 0 14337048 14337048 13981584 1295502 12686082 60162 59153 1009 611108 562300 48808 1096606 685160 411446 27484393 Deferred Rent 3357 Other Liabilities 336659 Swap Valuation Liability 1662243 2002259 X 23018756 182108 -1761542 -1579434 24598190 5928 -380261 -374333 24223857 24011624 380261 380261 23631363 5928 640300 646228 24277591 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, 2020 or 2019. 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 -1,121,242. Scholarships reported as a contra revenue account -640,300. Part XI, Line 4b - Other Adjustments: Fundraising expenses -12,249. Rental expenses -368,012. Part XII, Line 2d - Other Adjustments: Fundraising expenses 12,249. Rental expenses 368,012. Part XII, Line 4b - Other Adjustments: Scholarships reported as a contra revenue account 640,300. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 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. Fall Festival 18134 202 17932 2440 820 8989 18134 202 17932 2440 820 8989 12249 5683 1 Scholarships 506 640300 0 Part I, Line 2: 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. X 1 0 0 1 0 0 0 0 0 1 0 Michael Horowitz Corporate President/Trustee 0 686795 0 455663 0 1923251 0 185799 0 18065 0 3269573 0 1875804 Jack Paduntin Trustee/College President 174017 64865 36835 19415 9765 32000 6596 4837 6131 4496 233344 125613 0 0 Donald Packham Former Trustee 0 245986 0 60500 0 0 0 21883 0 11771 0 340140 0 0 Deborah Solmor Corporate Secretary 0 251547 0 62500 0 0 0 9013 0 2943 0 326003 0 0 Mehul Patel Corporate Treasurer 0 217069 0 51500 0 0 0 18969 0 5295 0 292833 0 0 Shari Mikos Asst. Corporate Secretary 0 173793 0 41200 0 0 0 15438 0 5736 0 236167 0 0 Marcia Bankirer Campus Dean 151131 0 0 0 0 0 11252 0 15816 0 178199 0 0 0 Part I, Line 1a During the 2019 calendar year, TCS Education System provided the following benefit to President Jack Paduntin. It was reported as taxable compensation on his 2019 Form W-2. - taxable housing allowance of $32,000 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 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. A Illinois Finance Authority 861091967 2017-05-18 18400000 Purchase Facilities and Capital Expenditures 0 0 0 A 1494000 18400000 286819 18113181 0 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 Form 990, Part VI, Section A, line 4 During fiscal year 2020, the Bylaws were amended for the following items: - Revised Article 7.3(c) to provide Member consent for: merger or consolidation of Corporation, sale of all or a material portion of assets, filing a petition for receivership or bankruptcy, liquidation of the College's assets; - Revised Article 8.1 to remove certain Board responsibilities to align with the College's general day-to-day operational practice; - Revised Article 8.2(f) definition of "Independent Trustee; - Revised Article 9.1 to provide Fiduciary Council consent for: merger or consolidation of Corporation, sale of all or a material portion of assets, filing a petition for receivership or bankruptcy, liquidation of the College's assets, establishing subsidiaries/entering into affiliations, joint ownership, joint ventures; - Revised Article 9.2(a) to expand membership of Fiduciary Council; - Revised Article 12.6 to realign mandates of Finance & Audit Committees with respect to compliance roles. 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 -1,121,242. The Colleges of Law 4475 Market Street Ventura CA 93003 952592468 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 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 TCS Education System 203 N LaSalle Street Suite 1900 Chicago IL 60601 270717860 Supporting Organization IL 501(c)(3) Line 12b, II N/A 0 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 TCSPP Counseling Centers 707 Wilshire Blvd Los Angeles CA 90017 952556403 Education CA 501(c)(3) Line 2 The Chicago School - California Inc 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 Saybrook University 55 Eureka Street Oakland CA 94612 942155109 Education CA 501(c)(3) Line 2 TCS Education System 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 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0