2014-01-22T17:11:10-06:00 2013-06-30 910189318 MOSS ADAMS LLP 3121 WEST MARCH LANE SUITE 100 STOCKTON CA 952192303 990 2012-07-01 132981115 OTIS COLLEGE OF ART AND DESIGN OTIS 3106656800 9045 LINCOLN BLVD LOS ANGELES CA 90045 WILLIAM SCHAEFFER 3106656800 2014-01-16 1 TRACY S PAGLIA P00366884 2099556100 2012 2015-11-30 17:44:51Z SAMUEL HOI 9045 LINCOLN BLVD LOS ANGELES CA 90045 99461387 0 X WWW.OTIS.EDU X 1918 CA OTIS COLLEGE OF ART AND DESIGN IS A WASC ACCREDITED COLLEGE SPECIALIZING IN ART AND DESIGN EDUCATION, OFFERING BOTH GRADUATE AND UNDERGRADUATE DEGREES. 23 22 1207 0 0 0 3330932 2380006 45661270 47614501 492336 910731 -469462 -300161 49015076 50605077 10208444 12019483 0 0 26058081 25967177 40250 37000 1708524 11159256 12352187 47466031 50375847 1549045 229230 55485566 55383649 10702990 9811569 44782576 45572080 OTIS PREPARES DIVERSE STUDENTS OF ART AND DESIGN TO ENRICH OUR WORLD THROUGH THEIR CREATIVITY, THEIR SKILL, AND THEIR VISION. 0 0 38567728 12019483 47614501 OTIS PREPARES DIVERSE STUDENTS OF ART AND DESIGN TO ENRICH OUR WORLD THROUGH THEIR CREATIVITY, THEIR SKILL, AND THEIR VISION. THE COLLEGE OFFERS AN INTERDISCIPLINARY EDUCATION FOR 1,186 FULL-TIME STUDENTS, AWARDING ACCREDITED BFA DEGREES IN ADVERTISING, ARCHITECTURE/LANDSCAPE/INTERIORS, DIGITAL MEDIA, FASHION DESIGN, GRAPHIC DESIGN, ILLUSTRATION, PRODUCT DESIGN, PAINTING, PHOTOGRAPHY, SCULPTURE/NEW GENRES, AND TOY DESIGN; AND MFA DEGREES IN FINE ARTS, GRAPHIC DESIGN, PUBLIC PRACTICE, AND WRITING. CONTINUING EDUCATION OFFERS CERTIFICATE PROGRAMS AS WELL AS PERSONAL AND PROFESSIONAL DEVELOPMENT COURSES. 38567728 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 224 0 1 1207 1 0 0 0 0 0 1 1 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X WILLIAM SCHAEFFER 3106656800 9045 LINCOLN BOULEVARD LOS ANGELES CA 90045 SAMUEL HOI 37.50 X X 412996 0 34724 THOMAS MILLER 1.00 X 0 0 0 SUSAN CRANK 1.00 X 0 0 0 RODNEY FREEMAN 1.00 X 0 0 0 BOB MCKNIGHT 1.00 X 0 0 0 JENNIFER BELLA MAGUIRE 1.00 X 0 0 0 GAIL BUCHALTER 1.00 X 0 0 0 STEPHANIE COTA 1.00 X 0 0 0 MARISA ARANGO 1.00 X 0 0 0 ROBERT FELDMAN 1.00 X 0 0 0 FREDERICK FISHER 1.00 X 0 0 0 BRONYA GALEF 1.00 X 0 0 0 ELAINE GOLDSMITH 1.00 X 0 0 0 DEBORAH LYNN IRMAS 1.00 X 0 0 0 STEPHEN JARCHOW 1.00 X 0 0 0 LAWRENCE LYTTLE 1.00 X 0 0 0 WINIFRED WHITE NEISSER 1.00 X 0 0 0 GARY CYPRES 1.00 X 0 0 0 KIRK HYDE 1.00 X 0 0 0 CHRISTOPHER WICKS 1.00 X 0 0 0 WENDY WINTROB 1.00 X 0 0 0 ROGER WYETT 1.00 X 0 0 0 DIANE ZIERING 1.00 X 0 0 0 BETTYE DIXON-THRU 41913 1.00 X 0 0 0 MICHAEL SMITH-THRU 9612 1.00 X 0 0 0 WILLIAM SCHAEFFER 37.50 X 185172 0 25139 CARRIE STEWART 37.50 X 180171 0 19727 KERRY WALK 37.50 X 173800 0 20997 RANDALL LAVENDAR 37.50 X 143500 0 21815 MARC MEREDITH-THRU 2213 37.50 X 137216 0 21165 DANA LOPEZ 37.50 X 112673 0 35699 ROSEMARY BRANTLEY 37.50 X 153925 0 30502 KALI NIKITAS 37.50 X 153052 0 20189 ROBERT WALTERS 37.50 X 133540 0 18537 MEG CRANSTON 37.50 X 115050 0 18898 SARAH RUSSIN 37.50 X 116810 0 18936 2017905 0 286328 15 0 1 0 APPLE ONE PO BOX 29048 GLENDALE CA 91209 STAFFING SERVICES 327033 UNIVERSAL PROTECTION SERVICES 6200 PLAYA VISTA DRIVE PLAYA VISTA CA 90094 SECURITY SERVICES 113356 BEHR BROWERS ARCHITECTS INC 340 N WESTLAKE BLVD UNIT 250 WESTLAKE VILLAGE CA 91362 ARCHITECTURAL SERVICES 108876 ADP PO BOX 78415 PHOENIX AZ 85062 PAYROLL SERVICES 100765 4 1050643 13000 1316363 78693 2380006 TUITION AND FEES 611600 46396301 46396301 AUXILIARY ENTERPRISES 900099 1218200 1218200 47614501 907466 907466 34050 22668 11382 11382 11382 48280962 2468 48280165 0 797 2468 3265 3265 127496 1050643 553477 -425981 -425981 OTHER INCOME 900099 114438 114438 114438 50605077 47614501 0 610570 12019483 12019483 1547649 438234 709903 399512 19562286 15394450 3275311 892525 1193825 885451 250577 57797 2287988 1679432 473386 135170 1375429 1100744 216262 58423 131397 9070 122327 144200 144200 37000 37000 113245 113245 500999 302159 176340 22500 335485 56575 277839 1071 1412550 878815 509397 24338 1000523 229365 771158 3042421 1976486 1065548 387 879521 737269 127044 15208 146741 73249 67382 6110 145228 95850 49378 1818192 1200006 618186 326878 79190 247688 STUDENT MEDICAL INSURAN 852080 852080 REPAIRS AND MAINTENANCE 687243 129283 557960 EQUIP COST UNDER $1,000 316986 179529 137298 159 DUES & SUBSCRIPTIONS 202195 161142 37821 3232 296303 89866 151345 55092 50375847 38567728 10099595 1708524 1726893 2236525 13518291 8126334 898227 416563 72078 125311 748471 983598 40380221 18625494 20878442 21754727 15138223 19191634 1345100 1486590 142063 126315 1017778 936052 55485566 55383649 5062148 4840026 2666430 2436543 2905000 2535000 69412 0 10702990 9811569 X 27010979 27059122 9308597 10026772 8463000 8486186 44782576 45572080 55485566 55383649 229230 560274 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 13698900 22500 1283941 320824 270260 14414257 14019825 228970 189133 445133 293895 13698900 12949145 586500 704872 220692 14019825 11755372 250670 1223617 280514 12949145 12661402 750002 -1601070 54962 11755372 0.06940 0.58080 0.34980 0 0 3875677 3875677 19276510 6379457 12897053 1316306 171573 1144733 15173142 12074464 3098678 738586 738586 21754727 X 39586100 560274 553477 1113751 38472349 113245 12019483 12132728 50605077 38796596 553477 553477 38243119 113245 12019483 12132728 50375847 PART III, LINE 1A: THE COLLEGE COLLECTIONS ARE MADE UP OF DONATED ARTWORK OF HISTORICAL SIGNIFICANCE WHICH ARE NOT RECORDED AS ASSETS AND ARE HELD FOR EDUCATIONAL AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO FUND ENDOWED SCHOLARSHIPS. PART III, LINE 4: COLLECTIONS ARE: - HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN - PROTECTED, KEPT UNENCUMBERED, CARED FOR, AND PRESERVED - SUBJECT TO A DONOR POLICY THAT REQUIRES THE PROCEEDS FROM SALES OF COLLECTION ITEMS TO BE USED TO FUND AN ENDOWMENT FUND DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: OTIS USES FUNDS TO ESTABLISH SCHOLARSHIPS AND FUNDED PROGRAMS. THE AMOUNT OF EARNINGS TO BE SPENT AS SCHOLARSHIPS DEPENDS ON THE FOLLOWING: 1. IF DONOR LETTER IS ON FILE, FOLLOW THE DONOR'S INTENTIONS. 2. IF NO DONOR LETTER IS ON FILE, ACCORDING TO THE BOARD OF TRUSTEES, SPENDING SHOULD NOT EXCEED 4% (PER YEAR) OF BEGINNING PRINCIPAL BALANCE 3. THE AMOUNT TO SPEND ON SCHOLARSHIPS SHOULD NOT EXCEED THE ORIGINAL PRINCIPAL UNLESS SPECIFIED BY DONOR LETTER OR BOARD OF TRUSTEES 4. TRANSFER ENDOWMENT FUNDS TO RESTRICTED FUNDS SCHOLARSHIPS AT THE END OF THE YEAR DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE COLLEGE ADOPTED THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") 740-10, "INCOME TAXES," RELATING TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THE COLLEGE RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE COLLEGE FILES AN EXEMPT ORGANIZATION RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. THE COLLEGE IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2010 FOR ITS FEDERAL AND 2009 FOR ITS STATE FILINGS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS SPECIAL EVENT EXPENSE 553,477. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 12,019,483. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS SPECIAL EVENT EXPENSE 553,477. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 12,019,483. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 OTIS PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS COLLEGE CLASS CATALOG THAT IS DISTRIBUTED TO STUDENTS FOR ENROLLMENT AS WELL AS AVAILABLE TO THE GENERAL PUBLIC. IN ADDITION, THE COLLEGE POSTS THIS INFORMATION ON ITS WEBSITE AND INCLUDES IT IN APPLICATION MATERIALS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 OTIS RECEIVED FEDERAL AWARDS FROM THE U.S. DEPARTMENT OF EDUCATION AND NATIONAL ENDOWMENT OF THE HUMANITIES DURING THE YEAR, AND ADMINISTERS LOANS FOR THE PERKINS LOAN PROGRAM. CENTRAL AMERICA AND THE CARRIBEAN 0 0 INVESTMENTS 1486590 0 0 0 0 0 0 1486590 0 1486590 0 0 0 0 0 0 X X X X X X X 1 TERRY MONTELONE 19919 GRAND VIEW DR TOPANGA CA 90290 CONSULTING ON FUNDRAISING STRATEGIES 0 0 37000 -37000 37000 -37000 CA FASHION SHOW 1047039 944743 102296 457149 PATRON'S CIRCLE 52000 51800 200 29851 2 79100 54100 25000 66477 1178139 1050643 127496 553477 553477 -425981 1 0 0 STUDENT SCHOLARSHIPS 1028 12019483 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ALL STUDENT SCHOLARSHIPS ARE POSTED TO THE STUDENT ACCOUNTS TO PAY FOR TUITION AND FEES BY FINANCIAL AID OFFICE. PER OTIS POLICY, SCHOLARSHIPS BFA/MFA DO NOT EXCEED TUITION AND FEES. X 1 1 X X X X 1 0 0 0 0 0 0 1 0 SAMUEL HOI 397401 0 0 0 15595 0 24958 0 9766 0 447720 0 0 0 WILLIAM SCHAEFFER 185172 0 0 0 0 0 13265 0 11874 0 210311 0 0 0 CARRIE STEWART 175000 0 5000 0 171 0 12262 0 7465 0 199898 0 0 0 KERRY WALK 173800 0 0 0 0 0 12250 0 8747 0 194797 0 0 0 RANDALL LAVENDAR 143500 0 0 0 0 0 14350 0 7465 0 165315 0 0 0 MARC MEREDITH-THRU 2213 137000 0 0 0 216 0 13700 0 7465 0 158381 0 0 0 ROSEMARY BRANTLEY 153885 0 0 0 40 0 14725 0 15777 0 184427 0 0 0 KALI NIKITAS 153052 0 0 0 0 0 12744 0 7445 0 173241 0 0 0 ROBERT WALTERS 133540 0 0 0 0 0 10712 0 7825 0 152077 0 0 0 PART I, LINE 1A PRESIDENT AND VPAF HAD GRANDFATHERED BENEFITS PLANS WHICH REQUIRED THE GROSS UP PAYMENT. PART I, LINE 4A MARC MEREDITH RECEIVED A SEVERANCE PAYMENT. THE AMOUNT AND TERMS OF THE AGREEMENT ARE SUBJECT TO A CONFIDENTIALITY CLAUSE. DUE TO PUBLIC INSPECTION REQUIREMENTS OF THIS SCHEDULE, DETAILS HAVE NOT BEEN INCLUDED, BUT ARE AVAILABLE. PART I, LINE 7 ANNUAL BONUS - IN ADDITION TO EMPLOYEE'S BASE SALARY, EMPLOYEE MAY RECEIVE A DISCRETIONARY ANNUAL BONUS IN AN AMOUNT UP TO FIFTY-THOUSAND DOLLARS ($50,000). SUCH ANNUAL BONUS SHALL BE DETERMINED BY THE BOARD AFTER EMPLOYEE'S ANNUAL PERFORMANCE REVIEW CONDUCTED BY THE BOARD OR EXECUTIVE COMMITTEE FOLLOWING THE CLOSE OF EACH FISCAL YEAR OF THE TERM. THE PERFORMANCE REVIEW SHALL BE BASED UPON SUCH CRITERIA AND WEIGHTING AS MAY BE ESTABLISHED FROM TIME TO TIME BY THE BOARD, WITH DUE CONSIDERATION GIVEN TO THE PERFORMANCE OF THE DUTIES OF EMPLOYEE SET FORTH IN EMPLOYMENT AGREEMENT, AND TO EMPLOYEE'S RECORD OF MEETING SPECIFIC GOALS WHICH THE BOARD MAY PROVIDE TO EMPLOYEE IN JULY OF EACH YEAR APPLICABLE TO THE REST OF THAT FISCAL YEAR. X 1 9454 COST/SELLING PRICE X EDUC SUPPLIES 5 69239 COST/SELLING PRICE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES DOES HAVE THE AUTHORITY TO MAKE DECISIONS ON BEHALF OF THE COLLEGE WITH A FEW EXCEPTIONS AS STATED IN THE BYLAWS: MAY TRANSACT ALL SUCH BUSINESS AND TAKE ALL SUCH ACTION ON BEHALF OF THE CORPORATION WHICH THE BOARD OF TRUSTEES COULD TRANSACT OR TAKE UNDER LAW, EXCEPT TO GRANT DEGREES, TO MAKE REMOVALS FROM OFFICE, TO AMEND OR REPEAL BYLAWS, TO ADOPT NEW BYLAWS, AND TO AMEND OR REPEAL ANY RESOLUTION OF THE BOARD OF TRUSTEES WHICH BY ITS EXPRESS TERMS IS NOT SO AMENDABLE OR REPEALABLE. FORM 990, PART VI, SECTION B, LINE 11 THE FULL 990 IS REVIEWED BY THE CONTROLLER AND THE VICE PRESIDENT FOR FINANCIAL AND ADMINISTRATIVE SERVICES. THEN A FORM 990 WITHOUT DETAILED SCHEDULE B IS MADE AVAILABLE TO THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION WATCHES FOR ANYTHING THAT LOOKS/COULD BE A CONFLICT; ANYTHING THAT FALLS INTO THIS CATEGORY IS IMMEDIATELY INVESTIGATED. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE CEO, EXECUTIVE DIRECTOR AND OTHER TOP MANAGEMENT IS REVIEWED BY THE OTIS FINANCIAL COMMITTEE AND BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 - FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST VIA MAIL OR E-MAIL. - GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC.