2021-04-09T10:42:52-05:00 2020-05-31 420714325 RSM US LLP 1 S Wacker Drive Ste 800 Chicago IL 60606 990 2019-06-01 942155109 Saybrook University SAYB 6263165300 55 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 Michael Horowitz 203 N LaSalle Ste 1900 Chicago IL 60601 20179050 0 X www.Saybrook.edu X 1971 CA Saybrook University relentlessly pursues a socially just, sustainable world by educating humanistic leaders to transform their fields and communities. 19 17 250 20 0 0 76941 38241 15217836 15600075 174013 156483 160 0 15468950 15794799 752128 682475 0 0 7852207 7448748 0 0 201326 6721411 6668805 15325746 14800028 143204 994771 9471418 10210102 2138890 1812412 7332528 8397690 Saybrook University relentlessly pursues a socially just, sustainable world by educating humanistic leaders to transform their fields and communities. 0 0 10226516 682475 15600075 The University comprises two schools: the College of Social Sciences, which offers degrees in Humanistic and Clinical Psychology, Counseling (M.A. and Ph.D.), Leadership and Management (M.A. and Ph.D. in Organizational Systems and M.A. in Management), and Transformative Social Change (M.A. and Ph.D.); and the College of Integrative Medicine and Health Sciences, which offers degrees in Mind-Body Medicine (M.A. and Ph.D.) and Integrative and Functional Nutrition (M.S. and Ph.D.). The University also offers certificates, continuing education, and professional studies in several of these areas. The learning model includes online-hybrid and residential formats. Saybrook served over 800 students during the fiscal year ended May 31, 2020. 10226516 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 29 0 1 250 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 17 1 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X Mehul Patel 3123791699 203 N LaSalle Suite 1900 Chicago IL 60601 Michael Horowitz Corporate President/Trustee 2.00 38.00 X X 0 3065709 203864 Nathan Long Trustee/College President 40.00 0.00 X X 306216 0 38126 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 Devin Byrd VP of Academic Affairs 40.00 0.00 X 152185 0 16105 Nami Kim Associate Provost 40.00 0.00 X 136291 0 29225 Donald Moss Dean of Online Programs 40.00 0.00 X 131950 0 11075 Karyn Lee AVP Admissions 40.00 0.00 X 122383 0 7083 Louvenia Hardaway Asst. Corporate Secretary 2.00 38.00 X 0 80465 16360 Patricia Breen Vice Chair 2.00 0.00 X 0 64797 7604 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 Vadim David Levitin Board Chair 2.00 2.00 X 0 0 0 Ava Baker Trustee 2.00 0.00 X 0 0 0 Laura Burgis Trustee (Until 04/20) 2.00 0.00 X 0 0 0 Richard Chaifetz Trustee 2.00 16.00 X 0 0 0 Gloria Chance Trustee 2.00 0.00 X 0 0 0 Bradley Fisher Trustee (Until 04/20) 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 Renee Levi Trustee (Until 04/20) 2.00 2.00 X 0 0 0 Carolyn Mathis Trustee 2.00 0.00 X 0 0 0 Colleen McEdwards 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 Troy Roland Trustee 2.00 0.00 X 0 0 0 Daniel Sieberg Trustee 2.00 0.00 X 0 0 0 Diane Watson Trustee 2.00 0.00 X 0 0 0 849025 4008580 386836 5 0 1 0 Hyatt Regency Monterey One Old Golf Course Road Monterey CA 93940 Conference Services 391734 Alston & Bird LLP 1201 W Peach Tree Street Atlanta GA 30309 Legal Services 115695 2 38241 5000 38241 Student Tuition/Fees 611310 14328828 14328828 Other School Revenue 611310 1271247 1271247 15600075 168952 168952 4371782 4366355 17896 5427 -17896 -12469 -12469 15794799 15600075 0 156483 682475 682475 665778 90440 575338 5533171 5346790 82583 103798 288660 278404 4775 5481 561274 482706 66976 11592 399865 377801 14092 7972 1616736 1616736 309190 309190 1361 1361 17659 3716 13943 1308238 1308238 92086 35941 54202 1943 13663 12990 489 184 467101 392983 15626 58492 193895 153790 34975 5130 26726 16557 7389 2780 35834 33080 1272 1482 28853 28853 Student Services 1477626 1461044 16582 Bad Debt Expense 138724 138724 Dues and Memberships 34026 22654 10128 1244 UBI Tax Payments 882 882 906205 835145 69832 1228 14800028 10226516 4372186 201326 2848436 2577927 718174 2059502 125737 201149 42789 108734 65945 0 349855 126397 307401 307401 23669 0 4521393 4317925 732710 702649 42710 115819 9471418 10210102 750661 646692 1289984 1099957 98245 65763 2138890 1812412 X 6372380 7428164 960148 969526 7332528 8397690 9471418 10210102 994771 70391 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 267962 267962 0 39439 39439 0 0 Deferred Rent 11630 Retirement Plan Liabilities 54133 65763 X 15181354 70391 -682475 -612084 15793438 1361 1361 15794799 14116192 0 14116192 1361 682475 683836 14800028 Part X, Line 2: The University 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, the University 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 University and various positions related to the potential sources of unrelated business taxable income. There were no unrecognized tax benefits identified or recorded as liabilities for the years ended May 31, 2020 and 2019. The University annually files Form 990 in the U.S. federal jurisdiction and in the State of California. Part XI, Line 2d - Other Adjustments: Scholarships -682,475. Part XII, Line 4b - Other Adjustments: Scholarships 682,475. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Saybrook University's 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 Saybrook University 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, and Federal Work-Study Program. 1 Scholarships 285 682475 0 Part I, Line 2: Saybrook University provides scholarships to new and continuing students. These scholarships are dependent upon factors such as recommendations, academic standing, and other criteria related to admission/participation in the program. Saybrook University maintains records of the scholarship award amounts, evidence of good academic standing and criteria for scholarship selection. X 1 1 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 Nathan Long Trustee/College President 260228 0 33488 0 12500 0 21308 0 16818 0 344342 0 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 Devin Byrd VP of Academic Affairs 152185 0 0 0 0 0 0 0 16105 0 168290 0 0 0 Nami Kim Associate Provost 135491 0 800 0 0 0 10673 0 18552 0 165516 0 0 0 Part I, Line 1a During the 2019 calendar year, Saybrook University provided the following benefit to President Nathan Long. It was reported as taxable compensation on his 2019 Form W-2. - taxable housing allowance of $12,500 Part I, Line 3 Saybrook University, 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. Nathan Long Trustee/President Relocation X 45000 42789 0 1 1 Devin Byrd VP of Academic Affairs Relocation X 70000 65945 0 1 1 108734 Form 990, Part VI, Section A, line 2 Patricia Potter and Vadim Levitin have a family relationship. Form 990, Part VI, Section A, line 4 During fiscal year 2020, the Bylaws were amended for the following items: - Revised the mission statement - 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 The initial and sole member is TCS Education System (the Member). 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 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 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. 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. TCS Education System 203 N LaSalle Suite 1900 Chicago IL 60601 270717860 Support Organization IL 501(c)(3) Line 12b, II N/A 0 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 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 - California Inc 707 Wilshire Blvd Los Angeles CA 90017 900394713 Education CA 501(c)(3) Line 2 TCS Education System 1 Pacific Oaks Education Corporation 45 Eureka St Pasadena CA 91103 951716809 Education CA 501(c)(3) Line 2 TCS Education System 1 The Colleges of Law 4475 Market St Ventura CA 93003 952592468 Education CA 501(c)(3) Line 2 TCS Education System 1 TCS Education - Texas Inc 203 N LaSalle Suite 1900 Chicago IL 60601 364769956 Education TX 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