2015-04-21T15:52:52-05:00 2014-06-30 910189318 MOSS ADAMS LLP 3121 W MARCH LN STE 100 STOCKTON CA 952192303 990 2013-07-01 951921340 ART CENTER COLLEGE OF DESIGN ARTC 6263962200 1700 LIDA ST PASADENA CA 91103 RICHARD HALUSCHAK SENIOR VP & CFO 6263962200 2015-04-16 1 TRACY S PAGLIA P00366884 2099556100 2013 2016-02-25 16:41:14Z LORNE BUCHMAN 1700 LIDA ST PASADENA CA 91103 190821940 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. 23 22 1765 140 45002 43318 33951960 29744025 85579369 91434784 26167951 -16812 -111652 -111832 145587628 121050165 39453867 41205990 0 0 44337890 48111548 67903 83761 1607416 24597263 28807756 108456923 118209055 37130705 2841110 187036479 204640473 66564532 67626880 120471947 137013593 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 111586430 41205990 91434784 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 2013 TO JUNE 2014 WAS APPROXIMATELY 4,782 STUDENTS. 111586430 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 703 0 1 1765 1 1 1 0 0 0 0 1 1 0 0 0 0 X 23 22 0 0 1 0 0 0 0 1 1 0 0 1 1 1 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 CARL BASS 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 510000 0 54619 WILLIAM T GROSS TRUSTEE 1.00 X 0 0 0 KIT HINRICHS TRUSTEE 1.00 X 0 0 0 TIMOTHY M KOBE TRUSTEE 1.00 X 0 0 0 GEORGE H LADYMAN TRUSTEE/FIRST VICE CHAIR 1.00 X X 0 0 0 SAMUEL J MANN TRUSTEE 1.00 X 0 0 0 PETER W MULLIN 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 RONALD I BENSION TRUSTEE 1.00 X 0 0 0 WESLEY A COLEMAN TRUSTEE 1.00 X 0 0 0 JEFFREY L GLASSMAN TRUSTEE/SECRETARY 1.00 X X 0 0 0 LINDA M GRIEGO TRUSTEE 1.00 X 0 0 0 CHARLES FLOYD JOHNSON TRUSTEE 1.00 X 0 0 0 MOLLY M MORGAN TRUSTEE 1.00 X 0 0 0 BONNIE R NASH TRUSTEE (THROUGH 09/2013) 1.00 X 0 0 0 CHARLES E NEARBURG TRUSTEE 1.00 X 0 0 0 LINDA A HILL TRUSTEE 1.00 X 0 0 0 GREG SILVERMAN TRUSTEE 1.00 X 0 0 0 BRUCE HEAVIN TRUSTEE 1.00 X 0 0 0 RICHARD HALUSCHAK SR. VICE PRESIDENT & CFO 40.00 X 246474 0 32216 MARK BREITENBERG SPECIAL ASSISTANT TO THE PRESIDENT 24.00 16.00 X 194615 0 9954 FRED FEHLAU PROVOST 40.00 X 256250 0 45540 ARWEN DUFFY SR. VICE PRESIDENT (THROUGH 5/2014) 40.00 X 230010 0 34783 GEORGE FALARDEAU SR. VICE PRESIDENT 40.00 X 197309 0 30261 CATHERINE BARON SR. VICE PRESIDENT 40.00 X 170000 0 30161 NIKOLAS HAFERMAAS CHAIR/EXECUTIVE DIRECTOR 40.00 X 205000 0 36164 ANDREW OGDEN CHAIR 40.00 X 200000 0 24919 DAVID MOCARSKI CHAIR 40.00 X 200000 0 34871 ROSS LAMANNA CHAIR 40.00 X 179595 0 42778 JOHN CHAMBERS FACULTY 40.00 X 165850 0 31233 2755103 0 407499 79 0 1 0 MATT CONSTRUCTION CORP 9814 NORWALK BLVD 100 SANTA FE SPRINGS CA 90670 CONSTRUCTION 5258211 UNIVERSAL PROTECTION SERVICE LP 639 WILSHIRE BLVD LOS ANGELES CA 90017 SECURITY 1904305 HALSTED CONSTRUCTION INC 4180 KLUMP AVE STUDIO CITY CA 91602 CONSTRUCTION 1354934 SODEXO 9801 WASHINGTON BLVD GAITHERSBURG MD 20878 CATERING 1030214 SPECIALTY SERVICES 45 LAPORTE ST ARCADIA CA 91006 JANITORIAL 865405 42 150005 23385450 6208570 212121 29744025 TUITION AND FEES 611600 90009879 90009879 AUXILIARY SERVICES 611600 1424905 1424905 91434784 1581899 45002 1536897 2774 2774 67993897 69595382 -1601485 -1601485 -1601485 64561 150005 176393 -111832 -111832 121050165 91434784 45002 -173646 41205990 41205990 2090442 505580 1311217 273645 36581743 34558773 1404739 618231 2388211 2256144 91706 40361 4277180 4040653 164243 72284 2773972 2620571 106521 46880 405611 405611 112832 112832 83761 83761 348892 348892 4854884 4586408 186428 82048 230911 218142 8867 3902 8319358 7862702 315998 140658 1698877 1604929 65237 28711 4097592 3870995 157348 69249 1195543 1129429 45909 20205 67000 63295 2573 1132 631067 596169 24233 10665 1960368 1851960 75278 33130 2354431 2224231 90410 39790 BOND DEBT FEES 1123834 1061686 43155 18993 UNCOLLECTIBLE ACCOUNTS 858814 811322 32978 14514 COST OF STUDENT MATERIA 367439 347119 14110 6210 LICENSES, PERMITS, DUES 180303 170332 6924 3047 118209055 111586430 5015209 1607416 8000 8659 17295788 16313244 5282433 6115249 5838440 5656750 83359 75450 899710 911937 74840392 16511931 50029108 58328461 86832498 97649981 5623248 12315201 1126200 1067566 14017695 6197975 187036479 204640473 8603968 11130195 10553511 10624799 47210000 45680000 197053 191886 66564532 67626880 X 53282989 57477600 21986736 32344333 45202222 47191660 120471947 137013593 187036479 204640473 X 2841110 14112378 -411842 X 0 1 X 1 1 1 X 4960972 30622288 27937786 33951960 29744025 127217031 4960972 30622288 27937786 33951960 29744025 127217031 1750286 125466745 1585233 1714638 1620675 1609873 1584673 8115092 135332123 364835308 0.92710 0.89390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 69706000 4989000 13125000 2349000 323000 85148000 58480000 5626000 7910000 2156000 154000 69706000 50393000 10213000 -289000 1712000 125000 58480000 42039000 1263000 9743000 1500000 1023000 129000 50393000 42938000 903000 -878000 830000 94000 42039000 0.25430 0.55200 0.19370 1 0 5254010 5254010 64409099 14856193 49552906 2105410 916392 1189018 3071873 739346 2332527 58328461 CHARITABLE GIFT ANNUITY 127428 F MAVERICK STABLE FUND 12187773 F 12315201 FEDERAL LOANS 191886 191886 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, 2014 OR 2013. 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. EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICE STUDY ABROAD TRIP - #00262 LONDON ANCIENT MODERN 46000 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE STUDY ABROAD SEMESTER - #00251 79065 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES STUDY ABROAD SEMESTER - #12239 & #00274 TEST LAB BERLIN 325528 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICE STUDY ABROAD RESEACH PROJECT - UGANDA FIELD CORE PROJECT #00306 72068 SOUTH AMERICA 0 0 PROGRAM SERVICE DESIGNMATTERS SAFE AGUA COLOMBIA PROJECT 41000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 12187773 0 0 0 0 0 0 12751434 0 12751434 1 0 0 1 0 0 X X X X X X X 1 GRENZEBACH GLIER & ASSOCIATES INC 401 N MICHIGAN AVENUE CHICAGO IL 60611 FUNDRAISING PROGRAM CONSULTING 0 0 44755 -44755 MARTS & LUNDY 1200 WALL ST WEST LYNDHURST NJ 07071 FUNDRAISING PROGRAM CONSULTING 0 0 39006 -39006 83761 -83761 CA CAR CLASSIC 117591 79400 38191 28880 24690 79785 FUNDRAISING DINNER 96975 70605 26370 15694 15694 11650 214566 150005 64561 44574 40384 91435 176393 -111832 1 UNDERGRADUATE SCHOLARSHIPS 2114 14851261 GRADUATE SCHOLARSHIPS 163 1804146 PELL GRANTS, SEOG, FEDERAL WORK STUDY, DIRECT LOANS 2797 23668095 STUDENT SPECIAL CIRCUMSTANCE TUITION WAIVERS - MEDICAL 10 53071 EDUCATION PROGRAM TUITION DISCOUNTS 501 829417 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 0 0 0 0 0 0 0 0 0 LORNE M BUCHMAN PRESIDENT/CEO 510000 0 0 0 0 0 33554 0 21065 0 564619 0 0 0 RICHARD HALUSCHAK SR. VICE PRESIDENT & CFO 246474 0 0 0 0 0 32216 0 0 0 278690 0 0 0 MARK BREITENBERG SPECIAL ASSISTANT TO THE PRESIDENT 194615 0 0 0 0 0 0 0 9954 0 204569 0 0 0 FRED FEHLAU PROVOST 256250 0 0 0 0 0 33554 0 11986 0 301790 0 0 0 ARWEN DUFFY SR. VICE PRESIDENT (THROUGH 5/2014) 230010 0 0 0 0 0 24323 0 10460 0 264793 0 0 0 GEORGE FALARDEAU SR. VICE PRESIDENT 197309 0 0 0 0 0 24497 0 5764 0 227570 0 0 0 CATHERINE BARON SR. VICE PRESIDENT 170000 0 0 0 0 0 20209 0 9952 0 200161 0 0 0 NIKOLAS HAFERMAAS CHAIR/EXECUTIVE DIRECTOR 205000 0 0 0 0 0 25704 0 10460 0 241164 0 0 0 ANDREW OGDEN CHAIR 200000 0 0 0 0 0 24919 0 0 0 224919 0 0 0 DAVID MOCARSKI CHAIR 200000 0 0 0 0 0 24919 0 9952 0 234871 0 0 0 ROSS LAMANNA CHAIR 179595 0 0 0 0 0 21716 0 21062 0 222373 0 0 0 JOHN CHAMBERS FACULTY 165850 0 0 0 0 0 19558 0 11675 0 197083 0 0 0 A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178TR7 2009-08-13 9940000 CONSTRUCT SOUTH CAMPUS CLASSROOMS; REFINANCE EXISTING TAXABLE LOAN 0 0 0 B CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178K54 2012-02-07 20000000 ACQUISITION, CONSTRUCTION, IMPROV. AND/OR EQUIPPING OF EDUC. FACILITIES. 0 0 0 A 730000 9940000 424053 27504 3764969 5723474 2012 1 0 1 1 B 1337162 20007162 3656000 309343 16041819 2014 0 0 0 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 1 0 1 1 WELLS FARGO BANK 27.830000000000 1 0 0 0 1 B 0 0 0 1 1 1 WELLS FARGO BANK 28.500000000000 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: 02/13/2013 SCHEDULE K, PART I, ISSUE A, COLUMN (F): BOND PROCEEDS WERE USED, IN PART, TO REFINANCE A TAXABLE LOAN THAT WAS USED TO CONSTRUCT CLASSROOMS, GALLERIES, STUDIO SPACE AND ADMINISTRATIVE OFFICE ON THE COLLEGE'S SOUTH CAMPUS. IN ADDITION, THE COLLEGE USED A PORTION OF THE PROCEEDS TO REIMBURSE EXPENDITURES RELATED TO THE COMPLETION OF SEVERAL RENOVATION PROJECTS ON THE SOUTH CAMPUS. THE COLLEGE'S SOUTH CAMPUS IS IN A FORMER INDUSTRIAL ZONE NOW DESIGNATED BY THE CITY OF PASADENA FOR RESEARCH, MEDICAL AND EDUCATIONAL USES AND THE BUILDING AMONG THE FIRST LEED CERTIFIED BUILDINGS IN THE CITY. SCHEDULE K, PART II, LINE 3, COLUMN B: THE DIFFERENCE BETWEEN THE ISSUE PRICE REPORTED IN PART I, COLUMN (E) AND THE TOTAL PROCEEDS REPORTED ON PART II, LINE 3 IS DUE TO INTEREST EARNED. X 0 VALUE NOT ASSIGNED X 0 VALUE NOT ASSIGNED X 9532 212122 HIGH/LOW AVG. OF FMV X FURNITURES 10 0 VALUE NOT ASSIGNED X PHOTO EQUIP. 50 0 VALUE NOT ASSIGNED 0 0 1 0 PART I, LINE 33: THE COLLEGE RECEIVED DONATED GIFTS, INCLUDING FURNITURE, PHOTO EQUIPMENT 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 A, LINE 4 BYLAWS WERE AMENDED TO ADD A PROVISION THAT ALLOWS THE BOARD TO WAIVE THE TWO CONSECUTIVE TWO-TERM LIMIT FOR THE BOARD CHAIR IF THE BOARD DETERMINES THAT IT IS IN THE BEST INTEREST OF THE COLLEGE TO WAIVE SUCH LIMIT AND TO REDUCE THE NUMBER OF TRUSTEES REQUIRED TO CONSTITUTE A QUORUM. 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'S CONFLICT OF INTEREST POLICY COVERS ALL TRUSTEES, OFFICERS, MEMBERS OF MANAGEMENT AND COMMITTEE MEMBERS. EACH COVERED PERSON MUST ATTEST ANNUALLY THAT THEY ARE IN COMPLIANCE WITH THE POLICY. THE STATEMENTS ARE REVIEWED EACH YEAR BY THE AUDIT COMMITTEE. THE GOVERNANCE COMMITTEE DETERMINES IF CONFLICT EXISTS. ANY TRANSACTION IN WHICH A CONFLICT MAY EXIST MUST BE APPROVED BY THE BOARD OF TRUSTEES. ANY PERSON WITH A CONFLICT MAY NOT PARTICIPATE IN THE BOARDS DELIBERATIONS OR VOTE WITH REGARD TO THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 A) PRESIDENT AND CEO - THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS COMPARABLE DATA FROM A VARIETY OF SOURCES AND INCLUDES RESEARCH AND ADVICE FROM ONE OR MORE INDEPENDENT COMPENSATION CONSULTANTS AND ATTORNEYS. THE EXECUTIVE 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 STUDIES. COMPENSATION FOR PRESIDENT, 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 -331,842. ACTUARIAL ADJUSTMENT -80,000. THE DESIGN ACCELERATOR INC 1700 LIDA STREET PASADENA CA 91103 462703937 COMPUTER SYSTEM DESIGN CA ART CENTER COLLEGE OF DESIGN C 148 22032 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 THE DESIGN ACCELERATOR INC O 203892 FMV