2017-04-17T13:19:52-05:00 2016-06-30 910189318 Moss Adams LLP 3121 W March Ln Ste 200 Stockton CA 952192367 990 2015-07-01 951921340 Art Center College of Design ARTC 6263962200 1700 Lida St Pasadena CA 91103 Richard Haluschak Senior VP & CFO 6263962200 2017-03-14 1 Tracy S Paglia P00366884 2099556100 2017-03-14 2015 2021-01-29 14:40:06Z LORNE BUCHMAN 1700 Lida St Pasadena CA 91103 215390703 0 X artcenter.edu X 1930 CA ART CENTER COLLEGE OF DESIGN OPERATES AN INDEPENDENT, FOUR YEAR CURRICULUM TO EDUCATE ARTISTS AND DESIGNERS IN COMMUNICATION ARTS AND INDUSTRIAL DESIGN THAT EXTENDS ITS LEGACY OF PROFESSIONAL ART AND DESIGN PRACTICE AND ENABLES ITS GRADUATES TO REALIZE SUCCESS, FULFILLMENT AND RECOGNITION IN THEIR CHOSEN FIELDS. 28 27 1857 140 0 0 8431502 13090468 96361268 100711757 -11149636 3026946 495268 655225 94138402 117484396 19160014 20690586 0 0 50103805 51730199 201005 234402 1988949 30152953 31566756 99617777 104221943 -5479375 13262453 232862178 239454967 90177958 95347126 142684220 144107841 X INVEST IN THE INFRASTRUCTURE, TECHNOLOGY AND EDUCATIONAL RESOURCES NECESSARY TO ADVANCE LEARNING, RESEARCH AND ACHIEVEMENT TO THE HIGHEST LEVELS OF EXCELLENCE, MINDFUL OF HOW ART AND DESIGN SHAPE AND DEFINE OUR GLOBAL CULTURE, WITH A COMMITMENT TO PROGRESSIVE EDUCATION DEFINED BY SOCIAL RESPONSIBILITY, CRITICAL THINKING, INTELLECTUAL DIVERSITY, AND THE CREATIVE PROCESS. 0 0 96844579 20690586 100711757 THE COLLEGE OPERATES AN INDEPENDENT, FOUR YEAR CURRICULUM TO EDUCATE ARTISTS AND DESIGNERS IN COMMUNICATION ARTS AND INDUSTRIAL DESIGN. THE COLLEGE OFFERS A BACHELOR OF FINE ARTS DEGREE IN SIX MAJORS - ADVERTISING, FILM, FINE ART, GRAPHIC DESIGN, ILLUSTRATION AND PHOTOGRAPHY AND IMAGING, AND A BACHELOR OF SCIENCE DEGREE IN FIVE MAJORS - ENVIRONMENTAL DESIGN, INTERACTION DESIGN, PRODUCT DESIGN, TRANSPORTATION DESIGN AND ENTERTAINMENT DESIGN. GRADUATE PROGRAMS LEAD TO THE MASTER OF FINE ARTS DEGREE IN FILM, FINE ART AND MEDIA DESIGN. THE GRADUATE PROGRAMS THAT OFFER THE MASTER OF SCIENCE DEGREE ARE ENVIRONMENTAL DESIGN, INDUSTRIAL DESIGN, AND TRANSPORTATION DESIGN. ALL EXPENDITURES RELATE TO ACADEMIC INSTRUCTION, PROGRAM SUPPORT AND OPERATION OF THE COLLEGE. THE FTE ENROLLMENT FOR JULY 2015 TO JUNE 2016 WAS APPROXIMATELY 5,027 STUDENTS. 96844579 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 1 2954 0 1 1857 1 0 1 GM 0 0 0 1 1 0 0 0 0 X 28 27 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 1 1 1 1 1 CA X Diane Wittenberg 6263962326 1700 Lida St Pasadena CA 91103 ROBERT C DAVIDSON JR Chairman 1.00 X X 0 0 0 Jeffrey C Barbakow Trustee 1.00 X 0 0 0 Carl Bass Trustee 1.00 X 0 0 0 Ronald Bension Trustee 1.00 X 0 0 0 Douglas C Boyd Trustee 1.00 X 0 0 0 Lorne M Buchman President/CEO 39.60 0.40 X X 593813 0 69332 Wesley A Coleman Trustee 1.00 X 0 0 0 Jeffrey L Glassman Trustee/First Vice Chair 1.00 X X 0 0 0 William T Gross Trustee 1.00 X 0 0 0 Bruce Heavin Trustee 1.00 X 0 0 0 Linda A Hill Trustee 1.00 X 0 0 0 Kit Hinrichs Trustee 1.00 X 0 0 0 Richard M Holbrook Jr Trustee 1.00 X 0 0 0 Timothy M Kobe Trustee 1.00 X 0 0 0 Terri Kohl Trustee 1.00 X 0 0 0 George H Ladyman Jr Trustee (Thru 9/30/16) 1.00 X 0 0 0 Melissa Lora Trustee 1.00 X 0 0 0 Samuel J Mann Trustee 1.00 X 0 0 0 David C Martin Trustee/Secretary 1.00 X X 0 0 0 Molly M Morgan Trustee 1.00 X 0 0 0 Peter W Mullin Trustee 1.00 X 0 0 0 Charles E Nearburg Trustee 1.00 X 0 0 0 Greg Silverman Trustee 1.00 X 0 0 0 Zackary E Snyder Trustee 1.00 X 0 0 0 Reiner M Triltsch Trustee/Treasurer 1.00 X X 0 0 0 Judy C Webb Trustee 1.00 X 0 0 0 Alyce de Roulet Williamson Trustee 1.00 X 0 0 0 Linda M Griego Trustee (Thru 6/30/16) 1.00 X 0 0 0 Charles Floyd Johnson Trustee (Thru 4/30/16) 1.00 X 0 0 0 Richard Haluschak SVP & CFO 40.00 X 256967 0 34954 Mark Breitenberg SP Asst to President (Thru 8/1/16) 24.00 16.00 X 205857 0 39663 Fred Fehlau Provost 40.00 X 265704 0 40326 George Falardeau SVP (Thru 6/30/16) 40.00 X 208783 0 30779 Catherine Baron SVP 40.00 X 179596 0 30523 Emily Laskin SVP 40.00 X 284349 0 9768 Nikolaus Hafermaas Chair/Executive Director 40.00 X 209874 0 46523 Andrew Ogden Chair 40.00 X 205196 0 24379 David Mocarski Chair 40.00 X 205578 0 34812 Ross LaManna Chair 40.00 X 205386 0 40007 Gloria Kondrup Executive Director 40.00 X 197323 0 33654 3018426 0 434720 94 0 1 0 Oltmans Construction Co Inc 10005 Mission Mill Road Whittier CA 90608 Construction 2919732 Halsted Construction Inc 4180 Klump Ave Studio City CA 91602 Construction 1297003 Universal Protection Service LP 639 Wilshire Blvd Los Angeles CA 90017 Security 1187456 Darin Johnstone Architecture 7462 North Figueroa Suite 206 Los Angeles CA 90041 Architectural 802972 Specialty Services 45 LaPorte St Arcadia CA 91006 Janitorial 533327 24 53650 13036818 1505385 13090468 Tuition and Fees 611600 99366828 99366828 auxiliary Services 611600 1344929 1344929 100711757 1454504 1454504 90 90 1156845 558000 598845 598845 598845 98906003 97333651 1572352 1572352 1572352 2800 53650 14656 -11856 -11856 Car Classic 900099 68236 68236 68236 117484396 100711757 0 3682171 20690586 20690586 2337392 517757 1507648 311987 39229691 37060289 1506420 662982 2592217 2448868 99541 43808 4640309 4383700 178188 78421 2930590 2768528 112535 49527 247542 247542 228048 228048 234402 234402 326026 326026 4843124 4575299 185976 81849 308369 291317 11841 5211 8675561 8195802 333142 146617 1978616 1869198 75979 33439 4633076 4376867 177910 78299 1103874 1042830 42389 18655 62161 58723 2387 1051 996388 941288 38261 16839 3001873 2835869 115272 50732 2231141 2107759 85676 37706 UBIT -6990 -6604 -268 -118 Bond Debt Fees 1567644 1480953 60198 26493 Uncollectible Accounts 510891 473279 26118 11494 Cost of Student Materia 501770 474022 19268 8480 357642 258249 8318 91075 104221943 96844579 5388415 1988949 50954 38971 21412473 23927045 6364772 6636204 4985204 5955461 32857 117828 125015 927143 857348 113257184 21285014 85002167 91972170 93335717 94855554 12712086 11797953 1048437 1037530 6905397 2218859 232862178 239454967 14372125 19235575 10634057 12161860 64945000 63780000 226776 169691 90177958 95347126 X 62733178 63187477 31638564 32032386 48312478 48887978 142684220 144107841 232862178 239454967 X 13262453 -7400627 -4438205 X 0 1 X 1 1 1 X 27937786 33951960 29594025 8412247 13090468 112986486 27937786 33951960 29594025 8412247 13090468 112986486 6552093 106434393 1620675 1609873 1539671 2560864 2611439 9942522 68236 68236 122997244 454527140 0.86530 0.92340 X Schedule A, Part II, Line 10, Explanation of Other Income: Car Classic - 2015 Amount: $ 68,236. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 86609000 2036000 -4720760 2964000 155240 80805000 85148000 2546000 1784000 2713000 156000 86609000 69706000 4989000 13125000 2349000 323000 85148000 58480000 5626000 7910000 2156000 154000 69706000 50393000 10213000 -289000 1712000 125000 58480000 0.26330 0.60270 0.13400 1 0 9979957 9979957 93874608 19341262 74533346 2840561 1155800 1684761 6562058 787952 5774106 91972170 Federal Loans 169691 169691 X Part V, Line 4: The endowments are restricted by the donors for scholarships and support for educational programs and initiatives. The Board-designated Quasi-endowment is restricted for scholarships. Part X, Line 2: THE COLLEGE HAD NO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED JUNE 30, 2016 OR 2015. 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 College publicizes its racially nondiscriminatory policy through brochures, print media, registration materials and its website. Schedule E, Part I, Line 6 The College administers various scholarship programs and loans provided by governmental agencies (including Direct Loans (subsidized and unsubsidized), Pell grants, SEOG and Federal work study programs) and awards are made based upon the criteria established by the governmental agency. East Asia and the Pacific 0 0 Program services Study abroad semester - #00251 INSEAD Singapore, Designmatters 77000 Europe (including Iceland and Greenland) 0 0 Program services Study abroad semester - #00262 London Ancient Modern, #00274 Berlin 341000 Sub-Saharan Africa 0 0 Program services Study Abroad Research Project - Uganda Field Core Project #00306 45000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 Investments 11654627 South America 0 0 Program Services Designmatters - Santiago, Chile COANIQUEM project 15000 0 0 0 0 0 0 12132627 0 12132627 0 0 1 0 1 0 X X X X X X X 1 Intersection Studio Inc 4120 Michael Avenue Los Angeles CA 90066 Communications consulting 0 0 194402 -194402 John Larson & Company 1075 Linda Glen Drive Pasadena CA 91105 Survey services 0 0 40000 -40000 234402 -234402 CA Diana Thater Event 56450 53650 2800 1100 5713 7843 56450 53650 2800 1100 5713 7843 14656 -11856 1 Undergraduate Scholarships 1839 17570796 Graduate Scholarships 168 1826735 Pell Grants, SEOG ,Federal Work Study, Direct Loans 2757 211144 Student special circumstance tuition waivers - Medicalon program tuit 10 119117 Education program tuition discounts 448 962794 Part I, Line 2: Grant funds are recorded in a project account so that all associated revenues and expenses are accounted for related to a specific grant. X X X X 0 1 0 0 0 0 0 0 0 Lorne M Buchman President/CEO 533895 0 0 0 59918 0 52851 0 16481 0 663145 0 0 0 Richard Haluschak SVP & CFO 256967 0 0 0 0 0 33481 0 1473 0 291921 0 0 0 Mark Breitenberg SP Asst to President (Thru 8/1/16) 205857 0 0 0 0 0 25254 0 14409 0 245520 0 0 0 Fred Fehlau Provost 265704 0 0 0 0 0 34759 0 5567 0 306030 0 0 0 George Falardeau SVP (Thru 6/30/16) 208783 0 0 0 0 0 25455 0 5324 0 239562 0 0 0 Catherine Baron SVP 179596 0 0 0 0 0 20997 0 9526 0 210119 0 0 0 Emily Laskin SVP 284349 0 0 0 0 0 0 0 9768 0 294117 0 0 0 Nikolaus Hafermaas Chair/Executive Director 209874 0 0 0 0 0 25259 0 21264 0 256397 0 0 0 Andrew Ogden Chair 205196 0 0 0 0 0 24371 0 8 0 229575 0 0 0 David Mocarski Chair 205578 0 0 0 0 0 25286 0 9526 0 240390 0 0 0 Ross LaManna Chair 205386 0 0 0 0 0 25285 0 14722 0 245393 0 0 0 Gloria Kondrup Executive Director 197323 0 0 0 0 0 24131 0 9523 0 230977 0 0 0 Part I, Line 4b President Lorne Buchman entered into a split interest agreement with the College. Mr. Buchman purchased a life insurance policy for which the College will pay the premiums in the form of a loan to be repaid by Mr. Buchman. The College paid $32,857 for the premium in 2016. A California Educational Facilities Authority 521705592 1301784E3 2014-07-16 45680000 REFUND SERIES 2002A, 2002B, 2009 AND 2012 BONDS 0 0 0 B California Educational Facilities Authority 521705592 1301784F0 2014-07-16 20550000 ACQUISITION, CONSTRUCTION, IMPROV. AND/OR EQUIPPING OF EDUC. FACILITIES. 0 0 0 A 1620000 45680000 45680000 1 0 1 1 B 710000 20550000 254358 20269000 2015 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 1 wells fargo bank 28.500000000000 1 0 0 0 1 B 0 0 0 1 1 1 wells fargo bank 30.450000000000 1 0 0 0 1 A 1 B 1 Date Rebate Computation Performed Issuer Name: California Educational Facilities Authority Date the Rebate Computation was Performed: 07/16/2016 Issuer Name: California Educational Facilities Authority Date the Rebate Computation was Performed: 07/16/2016 Lorne M Buchman President/CEO Split-dollar life insurance X 32857 32857 0 1 1 32857 X 0 value not assigned X 0 value not assigned X 12 1505385 High/Low Avg. of FMV X Furnitures 5 0 value not assigned 0 0 1 0 Part I, Line 33: The College received donated gifts, including furniture and accessories. It is the policy of the College to record donated gifts with a fair market value of $1.00 offset by a $1.00 expense. Form 990, Part VI, Section B, line 11 The Form 990 is reviewed first by the Controller and the Chief Financial Officer. It is then reviewed by the Audit Committee of the Board of Trustees and an electronic copy is made available to the full Board of Trustees prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The College has conflict of interest policies that cover all trustees and employees. All trustees must attest annually that they are in compliance with the applicable policy. The statements are reviewed each year by the Audit committee which determines whether or not an actual, apparent or potential conflict exists. The Audit committee then refers all actual, apparent or potential conflicts to the full Board of Trustees who will determine by a two thirds majority vote whether or not acceptance of the conflict is in the College's best interest. Employees are bound by a similar but separate Conflict of Interest Policy and acknowledge and agree to adhere to it in writing upon being hired by the college and whenever it is revised or amended. Form 990, Part VI, Section B, line 15 A) President and CEO and Senior Vice President, CFO - the Compensation committee of the Board of Trustees reviews comparable data from a variety of sources and includes research and advice from one or more external compensation consultants and attorneys. The Compensation committee then makes a recommendation to the full Board of Trustees for approval. B) Officers and other key employees - The president sets the salaries for these positions using comparable data from external sources including at least one professional compensation consultant. Compensation for the President, CFO, other officers and key employees is reviewed on an annual basis. Form 990, Part VI, Section C, line 19 Articles of incorporation, Bylaws, Conflict of Interest policy and audited financial statements are available upon request. Form 990, Part XI, line 9: Loss on interest swap -4,128,950. Actuarial adjustment -140,000. Uncollectible Pledges -169,255. The DESIGN ACCELERATOR INC 1700 LIDA STREET Pasadena CA 91103 462703937 Computer System Design CA Art Center College of Design C 21700 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0