2020-04-14T11:33:20-05:00 2019-05-31 420714325 RSM US LLP 1 S Wacker Drive Ste 800 Chicago IL 60606 990 2018-06-01 363005527 The Chicago School of Professional Psychology CHIC 3123296600 325 North Wells Chicago IL 60654 Mehul Patel Corporate Treasurer 3123296600 2020-04-08 1 Rebekuh Eley P01247672 3126343400 98.222.225.56 2020-04-08 11:31:34 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 E3B59A9DB10281FDFB8CF23B8E25A3A84C79EE45 2018 2021-01-29 14:40:06Z Michael Horowitz 203 N LaSalle Ste 1900 Chicago IL 60601 34077975 0 X www.TheChicagoSchool.edu X 1979 IL Integrating theory, practice, & innovation The Chicago School of Professional Psychology provides an excellent education for careers in psychology & related behavioral & health sciences. 5 4 459 4 0 0 916644 991783 31837041 31009010 1556824 1965416 -14171 -5436 34296338 33960773 1489048 1736860 0 0 13500536 12407852 0 0 199556 17315518 14701927 32305102 28846639 1991236 5114134 65189293 70854651 15749410 17390359 49439883 53464292 X Integrating theory, practice, & innovation The Chicago School of Professional Psychology provides an excellent education for careers in psychology & related behavioral & health sciences. The College is committed to service & embraces the diverse communities of our society. 0 0 21307273 1736860 31009010 The Chicago School of Professional Psychology (the "College") is a nonprofit, accredited institution with more than 5,000 students at campuses across the country (Chicago, Los Angeles, Orange County, and San Diego, California, Washington, D.C. and online). The College has been an innovator in the field of psychology and related behavioral science for more than 40 years. The College offers more than 20 degree programs and a wealth of opportunities for international experiences. The College is accredited by WASC Senior College and University Commission and is an active member of the National Council of Schools and Programs of Professional Psychology-which has recognized the College for its distinguished service and outstanding contributions to cultural diversity and advocacy. 21307273 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 1 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 21 0 1 459 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 5 4 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 IL CA X Mehul Patel 3123791699 203 N LaSalle Ste 1900 Chicago IL 60601 Michele Nealon Institution President/Trustee 2.00 38.00 X X 0 736691 77433 Terrence Layng Board Chair 2.00 10.00 X 0 0 0 Richard Chaifetz Trustee 2.00 16.00 X 0 0 0 Marie Hansen Trustee 2.00 4.00 X 0 0 0 George Mitchell Trustee 2.00 16.00 X 0 0 0 Michael Horowitz Corporate President 2.00 38.00 X 0 1105741 261065 Deborah Solmor Corporate Secretary (As of 10/18) 2.00 38.00 X 0 124543 898 Shari Mikos Asst. Corp. Secretary (As of 10/18) 2.00 38.00 X 0 197319 21142 Louvenia Hardaway Asst. Corp. Secretary (As of 6/18) 2.00 38.00 X 0 78288 15991 Mehul Patel Corporate Treasurer 2.00 38.00 X 0 252019 25473 Margaret Martyn Campus Dean 40.00 0.00 X 0 187156 32967 Luke Mudd Dean, Academic Affairs 40.00 0.00 X 125803 0 38238 Michael Kocet Department Chair 40.00 0.00 X 128417 0 16957 Rik D'Amato Department Faculty 40.00 0.00 X 122192 0 19307 George Hay Associate Department Chair 40.00 0.00 X 123841 0 37315 Kim Dell'Angela Department Chair 40.00 0.00 X 121637 0 22481 Jennifer DeMay Former Officer (Left 4/2018) 0.00 0.00 X 0 149251 18691 621890 2831008 587958 29 1 1 0 Akademos Inc 200 Connecticut Ave 3C Norwalk CT 06854 Online College Bookstore 254903 Best Quality Facility Services LLC 10015 Pacific Ave Franklin Park IL 60131 Cleaning and maintenance 134477 2 15955 754079 221749 991783 Tuition and Fee Revenue 611310 30949119 30949119 Other School Revenue 611310 59891 59891 31009010 1935217 1935217 138005 107806 30199 30199 30199 3960 15955 9396 -5436 -5436 33960773 31009010 0 1959980 1736860 1736860 257168 171445 85723 9848662 9749124 97958 1580 571911 561304 10605 2 971098 953021 17971 106 759013 748044 10872 97 3548781 3548781 1136 1136 41906 41906 290489 263167 23932 3390 2893374 2893374 58477 50874 7180 423 1265 1182 71 12 2565063 2297140 230744 37179 43934 38781 5153 121295 114298 6997 805276 724857 69014 11405 Student Services 1727202 1727202 National Allocation 1617844 1431509 41138 145197 Bad Debt 156346 156346 Dues and Memberships 45015 38977 6038 784524 699488 84871 165 28846639 21307273 7339810 199556 1579078 573677 131866 497465 439256 560569 352493 423868 30027918 16098984 14699441 13928934 47987159 54870138 65189293 70854651 1359679 1476397 4352346 4524891 10037385 11389071 15749410 17390359 X 47472208 51541329 586554 541842 1381121 1381121 49439883 53464292 65189293 70854651 5114134 -1089725 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 43936306 6000000 710861 65901 50581266 40307061 3629245 43936306 35816327 4645964 155230 40307061 36578075 -761748 35816327 17769220 16667915 2140940 36578075 0.96400 0.03600 0.00000 0 0 20960124 7162837 13797287 2299107 2284019 15088 1824904 1779625 45279 4943783 4872503 71280 13928934 Due to Related Entities 11033613 Deferred Rent 355458 11389071 X Part V, Line 4: The intended use of The Chicago School of Professional Psychology's (the College's) endowment fund is for its program services. Part X, Line 2: The College 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 College 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 College 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, 2019 and 2018. The College files Form 990 annually in the U.S. federal jurisdiction and in its respective state or district. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The Chicago School of Professional Psychology'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 The Chicago School of Professional Psychology 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. South America 0 0 Program Services Study Abroad 21833 Sub-Saharan Africa 0 0 Program Services Study Abroad 9297 Europe (Including Iceland & Greenland) 0 2 Program Services Study Abroad 7547 North America 0 1 Program Services Teaching 250 0 3 0 0 0 3 38927 0 38927 0 0 0 0 0 0 Social Impact Luncheon 19915 15955 3960 1427 5363 2606 19915 15955 3960 1427 5363 2606 9396 -5436 1 Fellowships/Scholarships 277 1736860 Part I, Line 2: The Chicago School of Professional Psychology provides institutional aid in the form of scholarships, fellowships, and grants to new and continuing students. The awarding of institutional aid depends on factors such as recommendations, academic standing, and other criteria related to admission or participation in a program. The Chicago School maintains records of institutional aid awards, criteria for awarding institutional aid, and evidence of the criteria for institutional aid being met by recipients. 0 1 0 0 0 0 0 1 0 Michele Nealon Institution President/Trustee 0 441131 0 212227 0 83333 0 55406 0 22027 0 814124 0 0 Michael Horowitz Corporate President 0 615916 0 442395 0 47430 0 229870 0 31195 0 1366806 0 0 Shari Mikos Asst. Corp. Secretary (As of 10/18) 0 157319 0 40000 0 0 0 14625 0 6517 0 218461 0 0 Mehul Patel Corporate Treasurer 0 202019 0 50000 0 0 0 18281 0 7192 0 277492 0 0 Margaret Martyn Campus Dean 0 165906 0 21250 0 0 0 12678 0 20289 0 220123 0 0 Luke Mudd Dean, Academic Affairs 121907 0 3896 0 0 0 9838 0 28400 0 164041 0 0 0 George Hay Associate Department Chair 120734 0 3107 0 0 0 10046 0 27269 0 161156 0 0 0 Jennifer DeMay Former Officer (Left 4/2018) 0 98101 0 51150 0 0 0 8370 0 10321 0 167942 0 0 Part I, Line 3 The Chicago School of Professional Psychology relied on a related organization, TCS Education System, that 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 participates in a 457(f) plan, for which the calendar year 2018 contributions from TCS Education System totaled $156,370. 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. Form 990, Part VI, Section A, line 6 The Chicago School - California, Inc. ("TCS CA") is the sole corporate member of The Chicago School of Professional Psychology ("TCSPP") Form 990, Part VI, Section A, line 7a The corporate member, The Chicago School - California, Inc. has the authority to consent to the election of persons to membership on the Board of Trustees, this shall include any elections of persons to Trustees Emeriti status and shall apply to any removal of a member of the Board. Form 990, Part VI, Section A, line 7b The following powers and responsibilities are reserved unto the corporate member, The Chicago School - California, Inc.: a.The authority of the Member to appoint persons to membership on the Board of Directors and shall consent to any removal of a director of the Board. b.The authority of the Member to appoint officers of the College. c.The authority of the Member to consent to a change in the Mission or Purpose of the College. d.The authority of the Member to consent to a change in the legal entity or tax structure of the College. e.The authority of the Member to approve amendments or revisions to the Articles of Incorporation or Bylaws. f.The authority of the Member to enter into any mortgage, deed of trust, pledge or other hypothecation of all or any part of the College's property, real or personal, for the purpose of securing the payment or performance of any contract or obligation. g.The authority of the Member to approve any Board decision to sell all or substantially all of the College's assets. h.The authority of the Member to enter into any merger or consolidation of the College. 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. 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. TCSPP Counseling Centers 1990 Westwood Boulevard Suite 330 Los Angeles CA 90025 952556403 Education CA 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 0 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 Pacific Oaks Education Corporation 45 Eureka Street Pasadena CA 91103 951716809 Education CA 501(c)(3) Line 2 TCS Education System 0 Santa Barbara & Ventura Colleges of Law 4475 Market Street Ventura CA 93003 952592468 Education CA 501(c)(3) Line 2 TCS Education System 0 TCS Education - Texas Inc 203 N LaSalle Street Suite 1900 Chicago IL 60601 364769956 Education TX 501(c)(3) Line 2 TCS Education System 0 Saybrook University 55 Eureka Street Pasadena CA 91103 942155109 Education CA 501(c)(3) Line 2 TCS Education System 0 Kansas Health Sciences Center Inc 221 S Topeka Street Wichita KS 67202 825178988 Education KS 501(c)(3) Line 2 TCS Education System 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1