2016-04-05T09:17:28-05:00 2015-05-31 420714325 RSM US LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2014-06-01 270717860 TCS Education System TCSE 3123791699 350 North Orleans No 1050 Chicago IL 60654 Kenneth Maher Corporate Treasurer 3123791699 2016-04-04 1 Wayne Harder P00294296 3126343400 2014 2016-08-17 19:52:53Z Michael Horowitz 350 North Orleans No 1050 Chicago IL 60654 33080372 0 X www.TCSEdSystem.edu X 2009 IL TCS Education System prepares innovative, purposeful agents of change who serve our global community. 19 18 231 18 0 0 34000 55690 31984674 32967601 727 0 135118 57081 32154519 33080372 0 0 0 0 16512182 18664699 0 0 0 13894100 12654763 30406282 31319462 1748237 1760910 41152656 42194474 8641555 7847236 32511101 34347238 TCS Education System (TCS ES) prepares and engages innovative, purposeful agents of change who serve our global community. 0 0 16811492 32967601 TCS Education System provides administration and support services to affiliated 501(c)(3) educational institutions. Supporting functions include human resources, finance, accounting, information technology, administration, marketing, student services, facilities, and student accounts. 16811492 1 1 0 0 0 0 0 0 0 0 1 0 0 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 66 0 1 231 1 0 0 0 0 0 0 0 0 0 0 0 X 19 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X Kenneth Maher 3124886047 350 North Orleans Suite 1050 Chicago IL 60654 Edward Bergmark Board Chair 2.00 18.00 X 0 0 0 Richard Chaifetz 2nd Vice Chair 2.00 18.00 X 0 0 0 Dean Chung Trustee 2.00 2.00 X 0 0 0 Allen Cizner Trustee 2.00 2.00 X 0 0 0 Steven Cohen Trustee 2.00 X 0 0 0 Dorothy Farris Trustee 2.00 2.00 X 0 0 0 Linda Havard Vice Chair 2.00 8.00 X 0 0 0 William Houston Trustee 2.00 X 0 0 0 Kevin Kotecki Trustee 2.00 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 George Mitchell Vice Chair 2.00 20.00 X 0 0 0 Steven Nakisher Trustee 2.00 10.00 X 0 0 0 Douglas Patinkin Trustee 2.00 X 0 0 0 Mary Pattiz Trustee 2.00 16.00 X 0 0 0 Patricia Potter Trustee 2.00 X 0 0 0 Matthew Sauer Trustee 2.00 X 0 0 0 Mary Tudela Trustee 2.00 4.00 X 0 0 0 Charles McClintock Trustee 2.00 38.00 X 0 79452 667 Michael Horowitz Trustee/Corporate President 14.00 26.00 X X 1021456 0 235890 Jennifer DeMay Corporate Secretary, General Counsel 16.00 24.00 X 230914 0 31367 LaKeisha Marsh Assistant Corporate Secretary 24.00 14.00 X 159777 0 14443 Shari Mikos Asst. Corp. Secretary,Chief of Staff 24.00 16.00 X 130093 0 15375 Glenn Renzulli Corporate Treasurer, CFO 14.00 26.00 X 283823 0 20337 Mark Griesbaum SVP, Business Operations 38.00 2.00 X 332842 0 27318 Robyn Palmersheim VP Admissions 40.00 X 209260 0 29775 John Reginald Dennis VP Marketing 40.00 X 179891 0 27904 Donald Packham SVP, Human Resources 26.00 14.00 X 257000 0 18524 Richard Merrick VP Information Technology 40.00 X 178435 0 12991 Richard Aldridge AVP IT Services 40.00 X 162249 0 26860 Gregory Beno AVP Accounting and Controller 40.00 X 161559 0 11802 3307299 79452 473253 27 0 1 0 RSM US LLP 1 S Wacker Drive Suite 800 Chicago IL 60606 Audit/Tax 247085 ScholarBuys LLC 11 W Main St Carpentersville IL 60110 Information Technology 242485 Miller Canfield Paddock & Stone PLC 225 W Washington Suite 2600 Chicago IL 60606 Legal 113781 3 55690 36000 55690 Management Fees 611310 32967594 32967594 Student Fees 611310 7 7 32967601 57081 57081 57081 33080372 32967601 0 57081 2143475 1009073 1134402 12929675 6086836 6842839 988463 356003 632460 1481184 653517 827667 1121902 615592 506310 384965 167661 217304 214434 214434 216923 216923 5573607 5573607 391181 94730 296451 2191131 94608 2096523 1180143 708105 472038 561776 273311 288465 226147 49413 176734 23891 23891 1092027 1092027 13572 13572 Dues/Subscriptions 75158 27444 47714 Student Services 613 573 40 509195 8992 500203 31319462 16811492 14507970 0 3510449 2528129 28148 53098 250000 2295591 1240168 1413488 10527422 8190666 2323629 2336756 33800262 33567412 41152656 42194474 5573019 5082133 3068536 2765103 8641555 7847236 X 1202423 3038560 31308678 31308678 32511101 34347238 41152656 42194474 1760910 75227 0 X 0 1 X 1 0 X X X 8 The Chicago School of Professional Psychology 363005527 2 1 0 0 Pacific Oaks Education Corporation 951716809 2 1 0 0 Santa Barbara and Ventura Colleges of Law 952592468 2 1 0 0 TCS Education - Texas Inc 364769956 2 1 0 0 Saybrook University 942155109 2 1 0 0 TCSPP Counseling Centers 952556403 2 1 0 0 The Chicago School - Washington DC Inc 800477644 2 1 0 0 The Chicago School - California Inc 900394713 2 1 0 0 8 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 852252 629810 222442 4360182 3682928 677254 5314988 3877928 1437060 2336756 Due From Affiliates 1043004 Fair Value of Net Assets through (or resulting from) Affiliation 31308678 Retirement Plan Assets 1215730 33567412 Deferred Rent 533968 Loan From Affiliates 480400 Due to Affiliates 79378 Retirement Plan Liabilities 1215730 Long Term Debt 455627 2765103 X Part X, Line 2: TCS ES 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, the TCS ES 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 TCS ES 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 year ended May 31, 2015. TCS ES annually files Form 990 in the US federal jurisdiction and in the State of Illinois. TCS ES's Form 990 for fiscal year 2012 and subsequent years are subject to examination by the Internal Revenue Service. East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 1 Program Services Consulting/Study Abroad Liaison 5189 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 1 Program Services Consulting/Study Abroad Liaison 36912 South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, 0 2 Program Services Consulting/Study Abroad Liaison 47316 Sub-Saharan Africa - Angola, Benin, Botswana, Burkina, Faso, 0 1 Program Services Consulting/Study Abroad Liaison 25172 0 5 0 0 0 5 114589 0 114589 0 0 0 0 0 0 X X X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 Michael Horowitz Trustee/Corporate President 564215 0 405000 0 52241 0 213825 0 22065 0 1257346 0 0 0 Jennifer DeMay Corporate Secretary, General Counsel 200914 0 30000 0 0 0 16897 0 14470 0 262281 0 0 0 LaKeisha Marsh Assistant Corporate Secretary 125483 0 13269 0 21025 0 9840 0 4603 0 174220 0 0 0 Glenn Renzulli Corporate Treasurer, CFO 228823 0 55000 0 0 0 19868 0 469 0 304160 0 0 0 Mark Griesbaum SVP, Business Operations 177342 0 70000 0 85500 0 17575 0 9743 0 360160 0 0 0 Robyn Palmersheim VP Admissions 181760 0 27500 0 0 0 15359 0 14416 0 239035 0 0 0 John Reginald Dennis VP Marketing 157391 0 22500 0 0 0 12990 0 14914 0 207795 0 0 0 Donald Packham SVP, Human Resources 207000 0 50000 0 0 0 17990 0 534 0 275524 0 0 0 Richard Merrick VP Information Technology 155935 0 22500 0 0 0 12490 0 501 0 191426 0 0 0 Richard Aldridge AVP IT Services 140549 0 21700 0 0 0 11954 0 14906 0 189109 0 0 0 Gregory Beno AVP Accounting and Controller 147159 0 14400 0 0 0 11309 0 493 0 173361 0 0 0 Part I, Line 1a During the 2014 calendar year, TCS Education System provided the following benefits to Dr. Michael Horowitz: - taxable housing allowance of $36,000 - non-taxable travel for companions of $6,840 - non-taxable health and social club dues of $2,170 Part I, Lines 4a-b Line 4a: LaKeisha Marsh received a severance payment of $21,025. Line 4b: Dr. Michael Horowitz is vested in a 457(f) plan, for which the calendar year 2014 contributions from TCS Education System totaled $136,648. X Event Tickets 10 36000 FMV 0 0 0 0 Part I, Column (b): Is the number of contributions Form 990, Part VI, Section B, line 11 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 engages an outside independent compensation consultant to benchmark the salaries and benefits of the President and other TCS personnel. TCS 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 West 7th St Los Angeles CA 90017 900394713 Education CA 501(c)(3) Line 2 TCS Education System 1 Pacific Oaks Education Corporation 55 Eureka St Pasadena CA 91103 951716809 Education CA 501(c)(3) Line 2 TCS Education System 1 Santa Barbara & Ventura 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 350 North Orleans Chicago IL 60654 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 0 0 0 0 0 0 1 1 1 1 Santa Barbara & Ventura Colleges of Law P 876616 Actual Santa Barbara & Ventura Colleges of Law Q 1256276 Actual TCS Education - Texas Inc P 2150481 Actual TCS Education - Texas Inc Q 2781928 Actual TCS Education - Texas Inc R 150031 actual TCS Education - Texas Inc S 1579925 Actual Pacific Oaks Education Corporation P 6162828 Actual Pacific Oaks Education Corporation Q 8795974 Actual Pacific Oaks Education Corporation R 1701961 Actual Pacific Oaks Education Corporation S 1563110 Actual Saybrook University P 4052992 Actual Saybrook University Q 5422840 Actual Saybrook University R 782024 Actual Saybrook University S 674667 Actual The Chicago School - California Inc P 10570129 Actual The Chicago School - California Inc Q 28147824 Actual The Chicago School - California Inc R 1525700 Actual The Chicago School - California Inc S 12787257 Actual