2020-05-13T19:43:05-05:00 2019-06-30 910189318 MOSS ADAMS LLP 10960 WILSHIRE BLVD SUITE 1100 LOS ANGELES CA 90024 990 2018-07-01 132981115 OTIS COLLEGE OF ART AND DESIGN OTIS 3106656800 9045 LINCOLN BLVD LOS ANGELES CA 90045 RANDALL LAVENDER INTERIM PRESIDENT 3106656800 2020-05-07 1 LAUREN A HAVERLOCK P00545829 3104770450 2020-05-07 172.90.17.200 2020-05-07 18:03:59 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 45A0DEE88EBA5BC01B2D6E064F66B43F0304238A 2018 2020-11-19 02:30:22Z RANDALL LAVENDER 9045 LINCOLN BLVD LOS ANGELES CA 90045 122455279 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 19 1258 15 0 0 2375853 4456841 53723113 57246555 2722844 879249 335757 288447 59157567 62871092 13861899 15532375 0 0 28379039 30340060 0 0 1368890 15377600 16594986 57618538 62467421 1539029 403671 107772542 109354127 47222957 47118565 60549585 62235562 OTIS PREPARES DIVERSE STUDENTS OF ART AND DESIGN TO ENRICH OUR WORLD THROUGH THEIR CREATIVITY, THEIR SKILL, AND THEIR VISION. 0 0 52195604 15532375 57246555 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. 52195604 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 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 0 0 0 0 1 1635 0 1 1258 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 19 1 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 LOS ANGELES CA 90045 BRUCE W FERGUSON PRESIDENT/EX OFFICIO 37.50 X X 383777 0 53511 GAIL BUCHALTER CHAIR 1.00 X 0 0 0 BRYANT GARTH VICE CHAIR (THRU 12/31/18) 1.00 X 0 0 0 THOMAS MILLER VICE CHAIR 1.00 X 0 0 0 JENNIFER BELLAH MAGUIRE TRUSTEE 1.00 X 0 0 0 NAOMI CASPE TRUSTEE 1.00 X 0 0 0 JUDY CHAMBERS BECK TRUSTEE 1.00 X 0 0 0 STEPHANIE COTA TRUSTEE 1.00 X 0 0 0 CLIFFORD EINSTEIN 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 ELAINE GOLDSMITH TRUSTEE 1.00 X 0 0 0 KIRK HYDE TRUSTEE 1.00 X 0 0 0 WINIFRED NEISSER TRUSTEE 1.00 X 0 0 0 MEI-LEE NEY TRUSTEE 1.00 X 0 0 0 DIANA NORTON TRUSTEE 1.00 X 0 0 0 EDWARD JAMES OLMOS TRUSTEE 1.00 X 0 0 0 LINDA PLATT TRUSTEE 1.00 X 0 0 0 KENT TWITCHELL TRUSTEE 1.00 X 0 0 0 DIANE ZIERING TRUSTEE 1.00 X 0 0 0 RALPH HOLGUIN TRUSTEE 1.00 X 0 0 0 WARREN BRESLOW TRUSTEE (THRU 04/04/19) 1.00 X 0 0 0 LEE BARTLETT TRUSTEE (THRU 3/26/19) 1.00 X 0 0 0 CARLOS ALBERINI TRUSTEE (THRU 2/20/19) 1.00 X 0 0 0 RANDALL LAVENDER INTERIM PRESIDENT 37.50 X 198860 0 51074 KAREN HILL VP HUMAN RESOURCES & DEVELOPMENT 37.50 X 143407 0 24966 LAURA KIRALLA VP OF CAMPUS LIFE 37.50 X 165625 0 36726 KIM RUSSO INTERIM PROVOST 37.50 X 142000 0 34132 ANKUSH MAHINDRA VP IT & OPERATIONS 37.50 X 169970 0 44261 CHRISTINE MAUER VP OF FIN. SVCS. (THRU 4/5/19) 37.50 X 144593 0 38828 JEFFREY PERKINS VICE PRESIDENT COMMUNICATIONS & MARKETING 37.50 X 149302 0 23490 PATRICK MAHANY VP INSTITUTIONAL ADVANCEMENT 37.50 X 141845 0 51955 KALI NIKITAS CHAIR COMMUNICATION ARTS & MFA GRAPHIC DESIGN 37.50 X 154620 0 38549 AMY GANTMAN DEAN OF EXTENSION (THRU 8/24/18) 37.50 X 130880 0 11585 DEBRA BALLARD ASSOCIATE PROVOST, ASSESSEMENT & ACCREDITATION 37.50 X 128589 0 43948 MEG CRANSTON FINE ARTS CHAIR 37.50 X 127200 0 25743 JILL ZELEZNIK CHAIR FASHION DESIGN 37.50 X 116206 0 42640 2296874 0 521408 24 0 1 0 BON APPETIT MANAGEMENT COMPANY 100 HAMILTON AVESUITE 400 PALO ALTO CA 94301 FOOD SERVICE PROVIDER 1455548 ALL CARE INDUSTRIES INC 16747 1/2 SOUTH PARKSIDE AVE CERRITOS CA 90703 JANITORIAL SERVICES 526986 JB BOURGEOIS PRODUCTIONS 512 N LARCHMONT BLVD LOS ANGELES CA 90004 PRODUCTION SERVICES 423879 APPLE ONE PO BOX 29048 GLENDALE CA 91209 TEMPORARY STAFFING SERVICES 277198 UNIVERSAL PROTECTION SERVICES 6200 PLAYA VISTA DR PLAYA VISTA CA 90094 SECURITY SERVICES 263837 10 566991 50000 3839850 4456841 TUITION AND FEES 611600 53543569 53543569 AUXILIARY ENTERPRISES 900099 3702986 3702986 57246555 886594 886594 59069019 24601 59100897 68 -31878 24533 -7345 -7345 25515 566991 483222 -457707 -457707 OTHER INCOME 900099 746154 746154 746154 62871092 57246555 0 1167696 15532375 15532375 2055888 482651 1034405 538832 22718226 19865582 2311263 541381 1155574 899334 222371 33869 2682710 2089614 523362 69734 1727662 1286123 398047 43492 195271 7318 187953 138486 138486 94987 94987 1533607 899637 630526 3444 225572 74018 151554 2043066 1686740 321216 35110 1488796 887028 595024 6744 1828640 1734049 77598 16993 982164 836644 113983 31537 85674 67088 15554 3032 1267282 1267282 3862783 3669644 154511 38628 279447 9806 269641 STUDENT MEDICAL INSURAN 1125433 1125433 REPAIRS AND MAINTENANCE 574873 501608 69181 4084 EQUIP COST UNDER $1,000 289580 226552 62791 237 DUES & SUBSCRIPTIONS 202737 135824 66308 605 376588 178536 196884 1168 62467421 52195604 8902927 1368890 3420721 2806539 2670073 2239763 404774 228900 141734 387684 848184 1102148 98913254 25963082 75813113 72950172 23734381 28791290 682511 795842 57051 51789 107772542 109354127 4888828 5659654 7650369 7859742 32969289 32067097 1714471 1532072 47222957 47118565 X 41250276 39248963 9554572 10938916 9744737 12047683 60549585 62235562 107772542 109354127 403671 1282306 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 17647463 2421288 1731018 431095 323735 21044939 16488808 274384 1593742 401127 308344 17647463 15305785 25000 1814157 379339 276795 16488808 16178871 58151 -357649 372346 201242 15305785 16004612 871000 -131885 360151 204705 16178871 0.04800 0.57200 0.38000 0 0 3875677 3875677 74332288 11725508 62606780 1239410 714382 525028 19441143 13523192 5917951 24736 24736 72950172 OTHER DEBT 355530 CAPITAL LEASE OBLIGATION 1176542 1532072 X 48984725 1282306 483222 1765528 47219197 94987 15556908 15651895 62871092 47298748 458689 458689 46840059 94987 15532375 15627362 62467421 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, 2019 AND 2018. 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 2D - OTHER ADJUSTMENTS: RECLASS SPECIAL EVENT EXPENSE 483,222. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 15,532,375. LOSS FROM SALES OF ASSETS OTHER THAN INVENTORY 24,533. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS SPECIAL EVENT EXPENSE 483,222. LOSS FROM SALES OF ASSETS OTHER THAN INVENTORY -24,533. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 15,532,375. 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. 1 CENTRAL AMERICA AND THE CARRIBEAN 0 0 INVESTMENTS 795842 0 0 0 0 0 0 795842 0 795842 1 0 0 1 1 0 PART I, LINE 2: INVESTMENT ACTIVITY IN PRIVATE EQUITY FUNDS ARE OVERSEEN BY INVESTMENT MANAGER. PART I, LINE 3 METHOD OF ACCOUNTING - ACCRUAL BASIS, INVESTMENTS FASHION SHOW 592506 566991 25515 483222 592506 566991 25515 483222 483222 -457707 1 STUDENT SCHOLARSHIPS 1033 15532375 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 1 0 0 0 0 0 0 1 0 BRUCE W FERGUSON PRESIDENT/EX OFFICIO 371777 0 0 0 12000 0 46271 0 7240 0 437288 0 0 0 RANDALL LAVENDER INTERIM PRESIDENT 198860 0 0 0 0 0 43834 0 7240 0 249934 0 0 0 KAREN HILL VP HUMAN RESOURCES & DEVELOPMENT 143407 0 0 0 0 0 15896 0 9070 0 168373 0 0 0 LAURA KIRALLA VP OF CAMPUS LIFE 165625 0 0 0 0 0 36626 0 100 0 202351 0 0 0 KIM RUSSO INTERIM PROVOST 130000 0 0 0 12000 0 34032 0 100 0 176132 0 0 0 ANKUSH MAHINDRA VP IT & OPERATIONS 169970 0 0 0 0 0 31014 0 13247 0 214231 0 0 0 CHRISTINE MAUER VP OF FIN. SVCS. (THRU 4/5/19) 144593 0 0 0 0 0 29758 0 9070 0 183421 0 0 0 JEFFREY PERKINS VICE PRESIDENT COMMUNICATIONS & MARK 149302 0 0 0 0 0 16250 0 7240 0 172792 0 0 0 PATRICK MAHANY VP INSTITUTIONAL ADVANCEMENT 117887 0 0 0 23958 0 38708 0 13247 0 193800 0 0 0 KALI NIKITAS CHAIR COMMUNICATION ARTS & MFA GRAPH 114620 0 0 0 40000 0 31309 0 7240 0 193169 0 0 0 DEBRA BALLARD ASSOCIATE PROVOST, ASSESSEMENT & ACC 112339 0 0 0 16250 0 36593 0 7355 0 172537 0 0 0 MEG CRANSTON FINE ARTS CHAIR 127200 0 0 0 0 0 19237 0 6506 0 152943 0 0 0 JILL ZELEZNIK CHAIR FASHION DESIGN 110206 0 0 0 6000 0 28510 0 14130 0 158846 0 0 0 PART I, LINE 4A SEVERANCE WAS PAID TO PERSONS LISTED ON PART VII. 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. A CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 2014-06-03 34912500 SEE PART VI 0 0 0 A 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 A, LINE 2 GAIL BUCHALTER AND WARREN BRESLOW HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FULL 990 IS REVIEWED BY THE VICE PRESIDENT FOR FINANCIAL SERVICES. THEN A FORM 990 WITHOUT DETAILED SCHEDULE B IS MADE AVAILABLE TO THE BOARD OF TRUSTEES 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 BY REQUEST VIA MAIL OR E-MAIL. - GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC.