OTIS COLLEGE OF ART AND DESIGN: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- OTIS COLLEGE OF ART AND DESIGN (EIN 13-2981115)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-02-11
- IRS object ID
- 201340429349300739
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-02-11T18:37:27-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 910189318 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MOSS ADAMS LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3121 WEST MARCH LANE SUITE 100 | AddressLine1 |
| City | STOCKTON | City |
| State | CA | State |
| ZIP Code | 952192303 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 132981115 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | OTIS COLLEGE OF ART AND DESIGN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | OTIS | NameControl |
| Phone | 3106656800 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9045 LINCOLN BLVD | AddressLine1 |
| City | LOS ANGELES | City |
| State | CA | State |
| ZIP Code | 90045 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | WILLIAM SCHAEFFER | Name |
| Title | VP OF ADMIN AND FIN SERVICES | Title |
| Phone | 3106656800 | Phone |
| Date Signed | 2013-02-07 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TRACY S PAGLIA | Name |
| PTIN | P00366884 | PTIN |
| Phone | 2099556100 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | SAMUEL HOI | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9045 LINCOLN BLVD | AddressLine1 |
| City | LOS ANGELES | City |
| State | CA | State |
| ZIP Code | 90045 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 130097178 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.OTIS.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1918 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | OTIS COLLEGE OF ART AND DESIGN IS A WASC ACCREDITED COLLEGE SPECIALIZING IN ART AND DESIGN EDUCATION, OFFERING BOTH GRADUATE AND UNDERGRADUATE DEGREES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 23 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 22 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1121 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 2888658 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3330932 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 42333033 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 45661270 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 691249 | InvestmentIncomePriorYear |
| Investment Income Current Year | 492336 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -394853 | OtherRevenuePriorYear |
| Other Revenue Current Year | -469462 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 45518087 | TotalRevenuePriorYear |
| Total Revenue Current Year | 49015076 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 9946694 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 10208444 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 24060748 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 26058081 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 40250 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1248091 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 10277175 | OtherExpensePriorYear |
| Other Expenses Current Year | 11159256 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 44284617 | TotalExpensesPriorYear |
| Total Expenses Current Year | 47466031 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1233470 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1549045 | RevenuesLessExpensesCY |
| Total Assets BOY | 57703846 | TotalAssetsBOY |
| Total Assets EOY | 55485566 | TotalAssetsEOY |
| Total Liabilities BOY | 14228683 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 10702990 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 43475163 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 44782576 | NetAssetsOrFundBalancesEOY |
| Mission Description | OTIS PREPARES DIVERSE STUDENTS OF ART AND DESIGN TO ENRICH OUR WORLD THROUGH THEIR CREATIVITY, THEIR SKILL, AND THEIR VISION. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 35684723 | Expense |
| Grants | 10208444 | Grants |
| Revenue | 45661270 | Revenue |
| Description | 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 1,200 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. | Description |
| Total Program Service Expense | 35684723 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 1 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 238 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 1121 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 23 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 22 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 1 | InvestmentInJointVenture |
| Written Policy Or Procedure | 1 | WrittenPolicyOrProcedure |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILLIAM SCHAEFFER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3106656800 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9045 LINCOLN BOULEVARD | AddressLine1 |
| City | LOS ANGELES | City |
| State | CA | State |
| ZIP Code | 90045 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (37 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| SAMUEL C HOI | |||||||
| PRESIDENT / EX OFFICIO | 37.50 | X | X | 413162 | 0 | 35563 | |
| THOMAS MILLER | |||||||
| CHAIR | 1.00 | X | 0 | 0 | 0 | ||
| SUSAN CRANK | |||||||
| VICE CHAIR | 1.00 | X | 0 | 0 | 0 | ||
| RODNEY FREEMAN | |||||||
| VICE CHAIR | 1.00 | X | 0 | 0 | 0 | ||
| BOB MCKNIGHT | |||||||
| VICE CHAIR | 1.00 | X | 0 | 0 | 0 | ||
| GAIL BUCHALTER | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| STEPHANIE COTA | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| BETTYE DIXON | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| BRONYA GALEF | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ELAINE GOLDSMITH | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| STEPHEN JARCHOW | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| LAWRENCE LYTTLE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| WINIFRED WHITE NEISSER | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JIM RYGIEL | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MICHAEL SMITH | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| CHRISTOPHER WICKS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| WENDY WINTROB | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ROGER WYETT | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JENNIFER BELLA MAGUIRE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ROBERT FELDMAN | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| FREDERICK FISHER | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DEBORAH LYNN IRMAS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| STEPHEN JARCHOW | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DIANE ZIERING | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| KERRY WALK | |||||||
| PROVOST | 37.50 | X | 106975 | 0 | 18243 | ||
| RANDALL LAVENDER | |||||||
| VICE PROVOST | 37.50 | X | 127990 | 0 | 19365 | ||
| CHRIS J ALFORD | |||||||
| VP ADMIN. AND FINANCIAL SERV. | 37.50 | X | 266149 | 0 | 49832 | ||
| CARRIE STEWART | |||||||
| VP INSTITUTIONAL ADVANCEMENT | 37.50 | X | 182340 | 0 | 16265 | ||
| MARC MEREDITH | |||||||
| VP ENROLLMENT MANAGEMENT | 37.50 | X | 134499 | 0 | 19983 | ||
| WILLIAM SCHAEFFER | |||||||
| VP ADMINISTRATIVE AND FINANCIAL SERV. | 37.50 | X | 76678 | 0 | 8440 | ||
| DANA LOPEZ | |||||||
| VP HUMAN RESOURCES AND DEVELOPMENT | 37.50 | X | 102734 | 0 | 33193 | ||
| EDWARD L SCHOENBERG | |||||||
| VP ENROLLMENT MANAGEMENT | 37.50 | X | 125921 | 0 | 19960 | ||
| KALI NIKITAS | |||||||
| CHAIR, GRAPHIC DESIGN | 37.50 | 158040 | 0 | 17431 | X | ||
| ROBERT WALTERS | |||||||
| CHIEF INFORMATION OFFICER | 37.50 | 136300 | 0 | 16039 | X | ||
| MEG CRANSTON | |||||||
| CHAIR, GALLERY | 37.50 | 121127 | 0 | 15037 | X | ||
| DEBRA BALLARD | |||||||
| CHAIR OF LIBERAL ARTS AND SCIENCE | 37.50 | 126050 | 0 | 18921 | X | ||
| ROSEMARY BRANTLEY | |||||||
| CHAIR, FASHION | 37.50 | 144494 | 0 | 29646 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2222459 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 317918 | TotalOtherCompensation |
| Number Individuals GT100 K | 21 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| APPLE ONE | |||||
| PO BOX 29048 | GLENDALE | CA | 91209 | STAFFING SERVICES | 286032 |
| UNIVERSAL PROTECTION SERVICES | |||||
| 6200 PLAYA VISTA DRIVE | PLAYA VISTA | CA | 90094 | SECURITY SERVICES | 236053 |
| VACO LOS ANGELES LLC | |||||
| 5410 MARYLAND WAY SUITE 460 | BRENTWOOD | TN | 37027 | STAFFING SERVICES | 154194 |
| ALL CARE INDUSTRIES INC | |||||
| 16747-1/2 SO PARKSIDE AVE | CERRITOS | CA | 90703 | JANITORIAL SERVICES | 153233 |
| ADP | |||||
| PO BOX 78415 | PHOENIX | AZ | 85062 | PAYROLL SERVICES | 151359 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 8 | NumberOfContractorsGT100K |
| Fundraising Events | 1200608 | FundraisingEvents |
| Government Grants | 119250 | GovernmentGrants |
| All Other Contributions | 2011074 | AllOtherContributions |
| Noncash Contributions | 332785 | NoncashContributions |
| Total Contributions | 3330932 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 611600 | 44702347 | 44702347 |
| AUXILIARY ENTERPRISES | 900099 | 958923 | 958923 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 45661270 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 575887 | TotalRevenueColumn |
| Exclusion | $575,887 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 5000 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 5000 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5000 | TotalRevenueColumn |
| Exclusion | $5,000 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 80188639 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 80176250 | Securities |
| Other | 95940 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 12389 | Securities |
| Other | -95940 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -83551 | TotalRevenueColumn |
| Exclusion | -$83,551 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 103977 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 1200608 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 809912 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -705935 | TotalRevenueColumn |
| Exclusion | -$705,935 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER INCOME | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 231473 | TotalRevenueColumn |
| Exclusion | $231,473 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 231473 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 49015076 | TotalRevenueColumn |
| Related Or Exempt Function Income | 45661270 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $22,874 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10208444 | Total |
| Program Services | 10208444 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1669418 | Total |
| Program Services | 1114978 | ProgramServices |
| Management And General | 338279 | ManagementAndGeneral |
| Fundraising | 216161 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19967169 | Total |
| Program Services | 15448671 | ProgramServices |
| Management And General | 3830942 | ManagementAndGeneral |
| Fundraising | 687556 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1102615 | Total |
| Program Services | 797857 | ProgramServices |
| Management And General | 225760 | ManagementAndGeneral |
| Fundraising | 78998 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1504123 | Total |
| Program Services | 954542 | ProgramServices |
| Management And General | 437362 | ManagementAndGeneral |
| Fundraising | 112219 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1814756 | Total |
| Program Services | 1370701 | ProgramServices |
| Management And General | 359718 | ManagementAndGeneral |
| Fundraising | 84337 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 151320 | Total |
| Program Services | 15409 | ProgramServices |
| Management And General | 135911 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 113296 | Total |
| Management And General | 113296 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40250 | Total |
| Fundraising | 40250 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 97937 | Total |
| Management And General | 97937 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 676812 | Total |
| Program Services | 287044 | ProgramServices |
| Management And General | 369143 | ManagementAndGeneral |
| Fundraising | 20625 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 131297 | Total |
| Program Services | 24727 | ProgramServices |
| Management And General | 106570 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1469534 | Total |
| Program Services | 821384 | ProgramServices |
| Management And General | 646956 | ManagementAndGeneral |
| Fundraising | 1194 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1099437 | Total |
| Program Services | 208104 | ProgramServices |
| Management And General | 891333 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2555182 | Total |
| Program Services | 1525852 | ProgramServices |
| Management And General | 1029330 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 860498 | Total |
| Program Services | 718799 | ProgramServices |
| Management And General | 140108 | ManagementAndGeneral |
| Fundraising | 1591 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 147329 | Total |
| Program Services | 64843 | ProgramServices |
| Management And General | 82486 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 277047 | Total |
| Program Services | 168168 | ProgramServices |
| Management And General | 108879 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1687601 | Total |
| Program Services | 1024374 | ProgramServices |
| Management And General | 663227 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 313415 | Total |
| Program Services | 67732 | ProgramServices |
| Management And General | 245683 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| EQUIP COST UNDER $1,000 | 374709 | 277042 | 97667 |
| REPAIRS AND MAINTENANCE | 316309 | 94995 | 221314 |
| DUES & SUBSCRIPTIONS | 234373 | 149497 | 84876 |
| STUDENT MEDICAL INSURAN | 120925 | 120925 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 532235 | Total |
| Program Services | 220635 | ProgramServices |
| Management And General | 306440 | ManagementAndGeneral |
| Fundraising | 5160 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47466031 | Total |
| Program Services | 35684723 | ProgramServices |
| Management And General | 10533217 | ManagementAndGeneral |
| Fundraising | 1248091 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11578680 | BOY |
| EOY | 1726893 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9337865 | BOY |
| EOY | 13518291 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 309432 | BOY |
| EOY | 898227 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 94532 | BOY |
| EOY | 72078 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 613509 | BOY |
| EOY | 748471 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 38064909 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 17186467 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21084226 | BOY |
| EOY | 20878442 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13624530 | BOY |
| EOY | 16483323 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 82602 | BOY |
| EOY | 142063 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 978470 | BOY |
| EOY | 1017778 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 57703846 | BOY |
| EOY | 55485566 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4967884 | BOY |
| EOY | 5062148 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2924465 | BOY |
| EOY | 2666430 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6255000 | BOY |
| EOY | 2905000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 81334 | BOY |
| EOY | 69412 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14228683 | BOY |
| EOY | 10702990 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26853653 | BOY |
| EOY | 27010979 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8388281 | BOY |
| EOY | 9308597 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8233229 | BOY |
| EOY | 8463000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43475163 | BOY |
| EOY | 44782576 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 57703846 | BOY |
| EOY | 55485566 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1549045 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -241632 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 14019825 | BeginningOfYearBalance |
| Contributions | 228970 | Contributions |
| Investment Earnings Or Losses | 189133 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 445133 | GrantsOrScholarships |
| Other Expenditures | 293895 | OtherExpenditures |
| End Of Year Balance | 13698900 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 12949145 | BeginningOfYearBalance |
| Contributions | 586500 | Contributions |
| Investment Earnings Or Losses | 704872 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 220692 | GrantsOrScholarships |
| End Of Year Balance | 14019825 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 11755372 | BeginningOfYearBalance |
| Contributions | 250670 | Contributions |
| Investment Earnings Or Losses | 1223617 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 280514 | GrantsOrScholarships |
| End Of Year Balance | 12949145 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 12661402 | BeginningOfYearBalance |
| Contributions | 750002 | Contributions |
| Investment Earnings Or Losses | -1601070 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 54962 | GrantsOrScholarships |
| End Of Year Balance | 11755372 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.07300 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.60960 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.31740 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3875677 | OtherCostOrOtherBasis |
| Book Value | 3875677 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 19276510 | OtherCostOrOtherBasis |
| Depreciation | 5868956 | Depreciation |
| Book Value | 13407554 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 118917 | OtherCostOrOtherBasis |
| Depreciation | 118735 | Depreciation |
| Book Value | 182 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 14325264 | OtherCostOrOtherBasis |
| Depreciation | 11198776 | Depreciation |
| Book Value | 3126488 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 468541 | OtherCostOrOtherBasis |
| Book Value | 468541 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 20878442 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | BOND INTEREST PAYABLE | Description |
| Amount | $69,412 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 69412 | TotalOfAmounts |
| Total Revenue | 49015076 | TotalRevenue |
| Total Expenses | 47466031 | TotalExpenses |
| Excess Or Deficit For Year | 1549045 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -241632 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -241632 | TotalAdjustments |
| Excess Or Deficit Per FS | 1307413 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 39276975 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -241632 | NetUnrealizedGainsInvestments |
| Other Revenues | 809912 | OtherRevenues |
| Revenue Not Rptd F990 | 568280 | RevenueNotRptdF990 |
| Revenue Subtotal | 38708695 | RevenueSubtotal |
| Investment Expenses Not Included | 97937 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 10208444 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 10306381 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 49015076 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 37969562 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 809912 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 809912 | ExpensesNotRptdF990 |
| Expenses Subtotal | 37159650 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 97937 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 10208444 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 10306381 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 47466031 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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 | |
| PART V, LINE 4: | OTIS USES FUNDS TO ESTABLISH SCHOLARSHIPS. 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 INTENDED USE OF ENDOWMENT FUNDS: |
| PART X: | 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 ON JULY 1, 2009, WHICH HAD NO FINANCIAL STATEMENT IMPACT. 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 2009 FOR ITS FEDERAL AND 2008 FOR ITS STATE FILINGS. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| RECLASS SPECIAL EVENT EXPENSE 809,912. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| STUDENT FINANCIAL AID 10,208,444. | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| RECLASS SPECIAL EVENT EXPENSE 809,912. | PART XIII, LINE 2D - OTHER ADJUSTMENTS: | |
| STUDENT FINANCIAL AID 10,208,444. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (2 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND AND GREENLAND) | 0 | 1 | PROGRAM SERVICES | HONORARIUM FOR GRAPHIC DESIGN TEACHING AND WORKSHOP | 16500 |
| CENTRAL AMERICA AND THE CARRIBEAN | 0 | 0 | INVESTMENTS | 1350000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 1 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 1 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 1366500 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 1366500 | TotalAmountSpent |
| Transfer To Foreign Corp | 1 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Solicitation Of Govt Grants | X | SolicitationOfGovtGrants |
| Agreement Ref Fundraising | 1 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
Name Of Organization NameOfOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TERRY MONTELONE | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 19919 GRAND VIEW DR | AddressLine1 |
| City | TOPANGA | City |
| State | CA | State |
| ZIP Code | 90290 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | CONSULTING ON FUNDRAISING STRATEGIES | Activity |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFunds |
| Gross Receipts | 0 | GrossReceipts |
| Amount Retained By Contractor | 40250 | AmountRetainedByContractor |
| Net To Organization | -40250 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | 40250 | TotalRetainedByContractors |
| Total Net To Organization | -40250 | TotalNetToOrganization |
| Licensed States | CA | LicensedStates |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | FASHION SHOW | NameOfEvent1 |
| Gross Receipts Event1 | 1154609 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 1080139 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 74470 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 652889 | OtherDirectExpensesEvent1 |
| Name Of Event2 | CREATIVE ECONOMY | NameOfEvent2 |
| Gross Receipts Event2 | 55851 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 30001 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 25850 | GrossRevenueEvent2 |
| Other Direct Expenses Event2 | 25691 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 2 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 94125 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 90468 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 3657 | GrossRevenueOtherEvents |
| Other Direct Expenses Other Events | 131332 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 1304585 | GrossReceiptsTotal |
| Charitable Contributions Total | 1200608 | CharitableContributionsTotal |
| Gross Revenue Total Events | 103977 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 809912 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 809912 | DirectExpenseSummaryEvents |
| Net Income Summary | -705935 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
| Total Nbr Of501 C3 And Govt Grants | 0 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | STUDENT SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 898 | NumberOfRecipients |
| Amount Of Cash Grant | 10208444 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 1 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (7 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SAMUEL C HOI | |||||||||||||
| 397791 | 0 | 15000 | 0 | 371 | 0 | 24000 | 0 | 11563 | 0 | 448725 | 0 | 0 | 0 |
| CHRIS J ALFORD | |||||||||||||
| 100933 | 0 | 0 | 0 | 165216 | 0 | 29665 | 0 | 20167 | 0 | 315981 | 0 | 0 | 0 |
| CARRIE STEWART | |||||||||||||
| 160416 | 0 | 5000 | 0 | 16924 | 0 | 9699 | 0 | 6566 | 0 | 198605 | 0 | 0 | 0 |
| MARC MEREDITH | |||||||||||||
| 134499 | 0 | 0 | 0 | 0 | 0 | 13417 | 0 | 6566 | 0 | 154482 | 0 | 0 | 0 |
| KALI NIKITAS | |||||||||||||
| 155540 | 0 | 2500 | 0 | 0 | 0 | 10865 | 0 | 6566 | 0 | 175471 | 0 | 0 | 0 |
| ROBERT WALTERS | |||||||||||||
| 133800 | 0 | 2500 | 0 | 0 | 0 | 9373 | 0 | 6666 | 0 | 152339 | 0 | 0 | 0 |
| ROSEMARY BRANTLEY | |||||||||||||
| 141994 | 0 | 2500 | 0 | 0 | 0 | 15000 | 0 | 14646 | 0 | 174140 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | PRESIDENT HAS GRANDFATHERED BENEFITS PLANS WHICH REQUIRE GROSS UP PAYMENT. |
| PART I, LINE 4B | CHRIS ALFORD WAS PAID SEPARATION AGREEMENT PAYMENTS DURING THE YEAR. 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. |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 3 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 123662 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | COST/SELLING PRICE | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | EDUC SUPPLIES | Description |
| Number Of Contributions | 11 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 209123 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | COST/SELLING PRICE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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 TRUSTEE 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. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -241,632. | CHANGES IN NET ASSETS OR FUND BALANCES: |