2019-04-10T12:51:41-05:00 2018-05-31 420714325 RSM US LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2017-06-01 270717860 TCS Education System TCSE 3123791699 203 N LaSalle Street No 1900 Chicago IL 60601 Mehul Patel Corporate Treasurer/CFO 3123791699 2019-04-09 1 Rebekuh Eley P01247672 3126343400 108.171.131.189 2019-04-09 13:18:10 CD P F6217F2D6ED5C2D75B43E0AF4E216B671259B073 972ACA630144D1186DE4CD2460E77C4D7B57CBE3 2017 2019-02-21 02:37:17Z X Michael Horowitz 203 N LaSalle Street No 1900 Chicago IL 60601 42151472 0 X www.TCSEdSystem.edu X 2009 IL TCS Education System prepares innovative, engaged, purposeful agents of change who serve our global community. 16 15 217 16 0 51514 43341 64610 39211696 41766750 0 0 261523 320112 39516560 42151472 0 0 0 0 19818285 20393523 0 0 0 18041923 26561879 37860208 46955402 1656352 -4803930 47629485 42546475 9522230 9243150 38107255 33303325 TCS Education System prepares innovative, engaged, purposeful agents of change who serve our global community. 0 0 22013784 41766750 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. 22013784 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 59 0 1 217 1 1 1 0 0 0 0 0 0 0 0 0 X 16 15 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 Suite 1900 Chicago IL 60601 Edward Bergmark Board Chair 2.00 10.00 X 0 0 0 Richard Chaifetz Vice Chair 2.00 14.00 X 0 0 0 George Mitchell Vice Chair 2.00 14.00 X 0 0 0 Allen Cizner Trustee (thru 12/2017) 2.00 2.00 X 0 0 0 Steven Cohen Trustee 2.00 2.00 X 0 0 0 Dorothy Farris Trustee 2.00 2.00 X 0 0 0 William Houston Trustee 2.00 0.00 X 0 0 0 Kevin Kotecki Trustee 2.00 0.00 X 0 0 0 Terrence Layng Trustee 2.00 8.00 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 0.00 X 0 0 0 Mary Pattiz Trustee 2.00 10.00 X 0 0 0 Patricia Potter Trustee 2.00 10.00 X 0 0 0 Victoria Dolan Trustee 2.00 2.00 X 0 0 0 Jana Johnston Trustee 2.00 2.00 X 0 0 0 Michael Horowitz Corporate President/Trustee 24.00 16.00 X X 1075328 0 250340 Jennifer DeMay Corp. Sec./Gen. Counsel(thru 4/2018) 24.00 16.00 X 311322 0 40130 Shari Mikos Assistant Corporate Secretary 24.00 16.00 X 188164 0 14539 Mehul Patel Corporate Treasurer/CFO 24.00 16.00 X 235974 0 22197 Deborah Markos Chief Operating Officer 40.00 0.00 X 349485 0 42083 Donald Packham Chief Human Resources Officer 28.00 12.00 X 287929 0 31901 Richard Merrick Chief Information Officer 40.00 0.00 X 231560 0 16547 John Reginald Dennis VP of Marketing 40.00 0.00 X 202968 0 32541 Gregory Beno AVP Accounting & Controller 40.00 0.00 X 184765 0 13238 Emily B Karem VP of Global Engagement 40.00 0.00 X 163904 0 24176 Victoria Lemus AVP of Human Resources 40.00 0.00 X 154915 0 17686 Richard Aldridge AVP of IT Services 40.00 0.00 X 165648 0 30061 3551962 0 535439 29 0 1 0 RSM US LLP 1 S Wacker Drive Suite 800 Chicago IL 60606 Audit/Tax 288575 ScholarBuys LLC 11 W Main Street Carpentersville IL 60110 Information Technology 268527 Rex Electric & Technologies LLC 200 W Monroe Street Suite 700 Chicago IL 60606 Information Technology 122393 3 64610 51040 64610 Management Fees 611310 41766750 41766750 41766750 320112 320112 320112 42151472 41766750 0 320112 3097498 1610699 1486799 13186785 5291096 7895689 1288258 378547 909711 1683264 702567 980697 1137718 535628 602090 226966 226966 232164 232164 334575 134160 200415 10642789 10632563 10226 236588 85639 150949 4048858 18733 4030125 1724168 1084098 640070 883498 358074 525424 319857 52247 267610 1069915 1069915 26975 26975 Forgiveness of Debt 6432166 6432166 Dues/Subscriptions 69049 34866 34183 314311 24952 289359 46955402 22013784 24941618 0 506824 297382 78673 214924 4992600 0 3267231 3399661 16665588 11616946 5135566 5048642 1784698 2203699 31863893 31382167 47629485 42546475 6987263 5359391 2534967 3883759 9522230 9243150 X 6798579 1994649 31308676 31308676 38107255 33303325 47629485 42546475 -4803930 0 X 0 1 X 1 0 X X X 8 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 TCSPP Counseling Centers 952556403 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 8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 C, Line 1: Each supported organization is controlled by a Fiduciary Council including TCS Executive Committee and TCS corporate officers. The members of the Fiduciary Council have supervision over the supported organizations through reserve powers established in each organization's bylaws and through the TCS corporate officers also serving as corporate officers for each supported organization. In addition, the Fiduciary Council has majority control over TCS as the TCS Executive Committee has the power to act on behalf of the full TCS board, which ensures that TCS will be responsive to the needs and requirements of the supported organizations. 996365 996365 2483288 83984 2399304 865890 860208 5682 6326907 5198895 1128012 5993138 5473859 519279 5048642 Retirement Plan Assets 2203699 F 2203699 Due From Affiliates 73491 Fair Value of Net Assets through (or resulting from) Affiliation 31308676 31382167 Deferred Rent 392321 Retirement Plan Liabilities 2203695 Long Term Debt 214359 Due To Affiliates 1073384 3883759 X Part X, Line 2: TCS Education System has received notification that it qualifies as a tax-exempt organization under Section 501(c)(3) of the US 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, TCS Education 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 TCS Education 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, 2018 and 2017. TCS Education System annually files Form 990 in the US federal jurisdiction and in the States of Illinois and California. TCS Education System's Form 990 for fiscal year 2015 and subsequent years are subject to examination by the Internal Revenue Service. East Asia and the Pacific 0 1 Program Services Consulting/Study Abroad Liaison 15132 East Asia and the Pacific 0 0 Program Services Information Technology 17800 Europe (Including Iceland & Greenland) 0 1 Program Services Consulting/Study Abroad Liaison 40956 Middle East and North Africa 0 0 Program Services International Admissions 2100 North America - Canada and Mexico, but not the United States 0 0 Program Services Consulting/Information Technology 5067 South America 0 1 Program Services Consulting/Study Abroad Liaison 2315 South Asia 0 0 Program Services Consulting/Study Abroad 32905 Sub-Saharan Africa 0 1 Program Services Consulting/Study Abroad Liaison 35227 0 4 0 0 0 4 151502 0 151502 0 0 0 0 0 1 X X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 Michael Horowitz Corporate President/Trustee 597991 0 429510 0 47827 0 223815 0 26525 0 1325668 0 0 0 Jennifer DeMay Corp. Sec./Gen. Counsel(thru 4/2018) 251822 0 59500 0 0 0 22210 0 17920 0 351452 0 0 0 Shari Mikos Assistant Corporate Secretary 150664 0 37500 0 0 0 13529 0 1010 0 202703 0 0 0 Mehul Patel Corporate Treasurer/CFO 189724 0 46250 0 0 0 16793 0 5404 0 258171 0 0 0 Deborah Markos Chief Operating Officer 279105 0 70380 0 0 0 24152 0 17931 0 391568 0 0 0 Donald Packham Chief Human Resources Officer 225929 0 62000 0 0 0 19950 0 11951 0 319830 0 0 0 Richard Merrick Chief Information Officer 186310 0 45250 0 0 0 16201 0 346 0 248107 0 0 0 John Reginald Dennis VP of Marketing 175968 0 27000 0 0 0 14709 0 17832 0 235509 0 0 0 Gregory Beno AVP Accounting & Controller 164765 0 20000 0 0 0 12923 0 315 0 198003 0 0 0 Emily B Karem VP of Global Engagement 141404 0 22500 0 0 0 12257 0 11919 0 188080 0 0 0 Victoria Lemus AVP of Human Resources 140915 0 14000 0 0 0 11203 0 6483 0 172601 0 0 0 Richard Aldridge AVP of IT Services 150519 0 15129 0 0 0 12263 0 17798 0 195709 0 0 0 Part I, Line 1a During the 2017 calendar year, TCS Education System provided the following benefits 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 $4,930 - non-taxable health and social club dues of $4,030 Part I, Line 4b Line 4b: Dr. Michael Horowitz participates in a 457(f) plan, for which the calendar year 2017 contributions from TCS Education System totaled $151,815. 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 Event Tickets 11 51040 FMV 0 0 0 0 Part I, Column (b): is the number of contributions. Form 990, Part VI, Section A, line 4 In May of 2018 the organization made the following significant changes to its bylaws: 1)revision to clarify the onset and conclusion of Trustee terms; 2)establish leave of absence policy for Trustees; 3)add Trustee Emeritus provision to honor distinguished former Trustees for their service to TCS; 4)add Interested Trustees section in the article on Conflict of Interest; 5)revision to clarify designated compensation approvals for executives and role of Executive Committee for reporting; 6)revision to clarify when Officers (including Chair and Vice Chair) assume power. 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 or the Corporate Risk and Compliance Committee "CRCC" 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 or CRCC, 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 committe 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, in conjunction with TCS Education System, 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 (Aon Hewitt Associates) 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. 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 1990 Westwood Blvd Suite 330 Los Angeles CA 90025 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 617 W 7th Street Los Angeles CA 90017 900394713 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 Santa Barbara & Ventura Colleges of Law 4475 Market Street Ventura CA 93003 952592468 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 Saybrook University 475 14th Street Oakland CA 94612 942155109 Education CA 501(c)(3) Line 2 TCS Education System 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 Santa Barbara & Ventura Colleges of Law Q 1015587 Actual Santa Barbara & Ventura Colleges of Law R 859223 Actual Santa Barbara & Ventura Colleges of Law S 1781205 Actual TCS Education - Texas Inc J 300000 Actual TCS Education - Texas Inc Q 57098 Actual TCS Education - Texas Inc R 1548336 Actual TCS Education - Texas Inc S 1605434 Actual Pacific Oaks Education Corporation Q 8096153 Actual Pacific Oaks Education Corporation R 1351148 Actual Pacific Oaks Education Corporation S 9720964 Actual Saybrook University Q 4797834 Actual Saybrook University R 6321070 Actual Saybrook University S 11392827 Actual The Chicago School - California Inc Q 40987793 Actual The Chicago School - California Inc R 7502424 Actual The Chicago School - California Inc S 49501792 Actual