2012-03-20T15:34:56-05:00 2011-06-30 MOSS ADAMS LLP 3121 WEST MARCH LANE SUITE 100 STOCKTON CA 952192303 990 2010-07-01 951921340 ART CENTER COLLEGE OF DESIGN ARTC 6263962200 1700 LIDA ST PASADENA CA 91109 RICHARD HALUSCHAK 6263962200 2012-03-01 1 TRACY S PAGLIA 2099556100 2010 2016-02-24 21:20:13Z LORNE BUCHMAN 1700 LIDA ST PASADENA CA 91109 190992947 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. 17 16 1569 165 0 0 4960972 30622288 33793379 73587814 2251877 3019295 2000 -178240 41008228 107051157 8027948 38011448 0 0 19527892 39232990 1180 0 1263046 13188208 24205129 40745228 101449567 263000 5601590 130436000 143198243 45988000 45440164 84448000 97758079 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 96394234 38011448 73587814 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 A BACHELOR OF SCIENCE DEGREE ON THREE MAJORS - ENVIRONMENTAL DESIGN, PRODUCT DESIGN, AND TRANSPORTATION DESIGN. IT ALSO OFFERS MULTI-DISCIPLINARY UNDERGRADUATE PROGRAMS IN ANIMATION, DIGITAL MEDIA EDUCATION AND ENTERTAINMENT DESIGN. GRADUATE PROGRAMS LEAD TO THE MASTER OF FINE ARTS DEGREE IN ADVERTISING, FILM, FINE ART, COMMUNICATION & NEW MEDIA DESIGN, AND ILLUSTRATION; THE MASTER OF SCIENCE DEGREE IN ENVIRONMENTAL DESIGN, PRODUCT DESIGN, AND TRANSPORTATION DESIGN; AND THE MASTER OF ARTS DEGREE IN ART THEORY AND CRITICISM. ALL EXPENDITURES RELATE TO ACADEMIC INSTRUCTION, PROGRAM SUPPORT AND OPERATION OF THE COLLEGE. THE FTE ENROLLMENT FOR JULY 2010 TO JUNE 2011 WAS 4,266 STUDENTS. 96394234 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 334 0 1 1569 1 0 0 0 0 0 1 1 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X DIANE WITTENBERG 6263962200 1700 LIDA ST PASADENA CA 91109 ROBERT C DAVIDSON JR 1.00 X X 0 0 0 CARL BASS 1.00 X 0 0 0 DOUGLAS C BOYD 1.00 X 0 0 0 LORNE M BUCHMAN 40.00 X X 390000 0 48585 WILLIAM T GROSS 1.00 X 0 0 0 KIT HINRICHS 1.00 X 0 0 0 WILLIAM D HORSFALL 1.00 X X 0 0 0 CLEON T KNAPP 1.00 X 0 0 0 TIMOTHY M KOBE 1.00 X 0 0 0 GEORGE H LADYMAN 1.00 X 0 0 0 SAMUEL J MANN 1.00 X 0 0 0 PETER W MULLIN 1.00 X 0 0 0 REINER M TRILTSCH 1.00 X 0 0 0 PAUL A VIOLICH 1.00 X 0 0 0 JUDY C WEBB 1.00 X 0 0 0 ALYCE DE ROULET WILLIAMSON 1.00 X 0 0 0 RICHARD HALUSCHAK 40.00 X 234690 0 23460 KATHERINE BARON 40.00 X 153396 0 24885 GEORGE FALARDEAU 40.00 X 187396 0 25630 FRED FEHLAU 40.00 X 182025 0 31930 NIKOLAS HAFERMAAS 40.00 X 242340 0 34724 ANDREW OGDEN 40.00 X 167894 0 16777 DAVID MOCARSKI 40.00 X 153631 0 25085 STEWART REED 40.00 X 150134 0 23655 WAYNE HERRON 40.00 X 146625 0 25162 RICHARD KOSHALEK 1.00 X 255420 0 12000 JEAN FORD 1.00 X 252064 0 28068 2515615 0 319961 34 1 1 0 UNIVERSAL PROTECTION SERVICE LP 639 WILSHIRE BLVD LOS ANGELES CA 90017 SECURITY 518678 SODEXHO 9801 WASHINGTON BLVD GAITHERSBURG MD 20878 CATERING 360020 SPECIALTY SERVICES 45 LAPORTE ST ARCADIA CA 91006 JANITORIAL 310466 CLEAR IMAGE PRINTING COMPANY 731 WILSON AVE GLENDALE CA 91203 PRINTING 252164 ALLEN MATKINS LECK GAMBLE & MALLORY 515 S FIGUEROA ST LOS ANGELES CA 90071 LEGAL 184959 6 308719 26616368 3697201 154616 30622288 TUITION AND FEES 611600 72532620 72532620 AUXILIARY SERVICES 611600 1055194 1055194 73587814 1714638 1714638 85012601 83707944 1304657 1304657 1304657 55606 308719 233846 -178240 -178240 107051157 73587814 0 2841055 38011448 38011448 1621900 614405 777927 229568 371958 232248 139710 29989237 28440253 1036577 512407 2147748 2027982 83165 36601 2824938 2679435 97369 48134 2277209 2151279 87445 38485 205414 205414 230184 230184 230603 230603 3528534 3333406 135496 59632 107104 101181 4113 1810 7185147 6787808 275910 121429 471936 445838 18122 7976 3404207 3215954 130722 57531 551570 521068 21180 9322 66277 62612 2545 1120 456809 431548 17541 7720 3106589 2934795 119293 52501 1814420 1714082 69674 30664 BOND DEBT FEES 1129574 1067108 43376 19090 UNCOLLECTIBLE ACCOUNTS 825480 779831 31698 13951 LICENSES, PERMITS, DUES 624534 589997 23982 10555 COST OF STUDENT MATERIA 255489 241360 9811 4318 11258 10596 430 232 101449567 96394234 3792287 1263046 8012 7999 8801103 18270618 764986 998664 5080747 3821664 94639 73442 730624 678673 58368042 14421730 46015000 43946312 64903000 71170512 127474 1947253 1868827 2090636 2234058 130436000 143198243 5182807 5079496 9896181 10353424 30330000 29585000 579012 422244 45988000 45440164 X 35417250 41472696 5077749 11615855 43953001 44669528 84448000 97758079 130436000 143198243 X 5601590 7708489 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42039000 1263000 9743000 1500000 1023000 129000 50393000 42938000 903000 -878000 830000 94000 42039000 33432000 585000 10782000 1253000 384000 224000 42938000 1.00000 1 0 3679010 3679010 51896317 13368210 38528107 786434 210718 575716 2006281 842802 1163479 43946312 FEDERAL LOANS 422244 422244 107051157 101449567 5601590 7458862 204500 45127 7708489 13310079 76601311 7458862 204500 279846 7943208 68658103 38393054 38393054 107051157 63290359 233846 233846 63056513 38393054 38393054 101449567 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENTS ARE RESTRICTED BY THE DONORS FOR SCHOLARSHIPS AND SUPPORT FOR EDUCATIONAL PROGRAMS AND INITIATIVES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COLLEGE ADOPTED THE PROVISIONS OF 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 TO THE COLLEGE FOR THE YEARS ENDING JUNE 30, 2011. PART XI, LINE 8 - OTHER ADJUSTMENTS: ACTURIAL ADJUSTMENT 46,000. ADJUSTMENT DUE ROUNDED NET ASSET IN PRIOR YEAR -873. PART XII, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL ADJUSTMENT 46,000. DIRECT FUNDRAISING EXPENSES 233,846. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 11,910,686. FEDERAL FUNDING NETTED AGAINST EXPENSES ON FINANCIAL STATEMENTS 26,482,368. PART XIII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 233,846. PART XIII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 11,910,686. FEDERAL FUNDING NETTED AGAINST EXPENSES ON FINANCIAL STATEMENTS 26,482,368. 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 THE COLLEGE PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH BROCHURES, PRINT MEDIA, REGISTRATION MATERIALS AND ITS WEBSITE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE 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 0 0 PROGRAM SERVICE STUDY ABROAD (SEMESTER) 134544 EUROPE 0 0 PROGRAM SERVICE ESADE EXECUTIVE EDUCATIONAL SEMINAR 6914 EUROPE 0 0 PROGRAM SERVICE EUROPE ALUMNI REUNION EVENT 39300 0 0 0 180758 0 180758 0 0 0 0 0 0 2010 CAR CLASSIC 36905 25785 11120 29300 13326 28750 80TH ANIVERSARY GALA 327420 282934 44486 81099 2744 78627 364325 308719 55606 110399 16070 107377 233846 -178240 1 UNDERGRADUATE SCHOLARSHIPS 1150 10358179 GRADUATE SCHOLARSHIPS 137 1355322 PELL GRANTS, SEOG, FEDERAL WORK STUDY, DIRECT LOANS 2947 25755352 STUDENT SPECIAL CIRCUMSTANCE TUITION WAIVERS - MEDICAL 6 55926 EDUCATION PROGRAM TUITION DISCOUNTS 647 486669 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GRANT FUNDS ARE RECORDED IN A PROJECT ACCOUNT SO THAT ALL ASSOCIATED REVENUES AND EXPENSES ARE ACCOUNTED FOR RELATED TO A SPECIFIC GRANT. X X 1 0 0 0 0 0 0 1 0 LORNE M BUCHMAN 390000 0 0 0 0 0 39000 0 9585 0 438585 0 0 0 RICHARD HALUSCHAK 234690 0 0 0 0 0 23460 0 0 0 258150 0 0 0 KATHERINE BARON 153396 0 0 0 0 0 15300 0 9585 0 178281 0 0 0 GEORGE FALARDEAU 187396 0 0 0 0 0 18700 0 6930 0 213026 0 0 0 FRED FEHLAU 182025 0 0 0 0 0 25000 0 6930 0 213955 0 0 0 NIKOLAS HAFERMAAS 242340 0 0 0 0 0 24225 0 10499 0 277064 0 0 0 ANDREW OGDEN 167894 0 0 0 0 0 16777 0 0 0 184671 0 0 0 DAVID MOCARSKI 153631 0 0 0 0 0 15500 0 9585 0 178716 0 0 0 STEWART REED 150134 0 0 0 0 0 14794 0 8861 0 173789 0 0 0 WAYNE HERRON 146625 0 0 0 0 0 14663 0 10499 0 171787 0 0 0 RICHARD KOSHALEK 255420 0 0 0 0 0 0 0 12000 0 267420 0 0 0 JEAN FORD 252064 0 0 0 0 0 15836 0 12232 0 280132 0 0 0 PART I, LINE 4A JEAN FORD AND RICHARD KOSHALEK HAVE CONFIDENTIAL SEVERANCE AGREEMENTS. THE TERMS OF THE AGREEMENTS ARE AVAILABLE TO THE IRS UPON REQUEST. PART I, LINE 7 LORNE BUCHMAN RECEIVES A DISCRETIONARY BONUS. IT IS DETERMINED BY THE BOARD OF TRUSTEES EACH YEAR BASED ON PROPOSED GOALS PROVIDED BY THE CEO/PRESIDENT IN OCTOBER EACH YEAR. THE GOALS MUST BE SPECIFIC, MEASURABLE AND ATTAINABLE, AND INCUDE GOALS RELATING TO FISCAL MANAGEMENT OF ART CENTER. IT IS BASED ON THE BOARD OF TRUSTEE'S ASSESSMENT OF MEETING THE GOALS SET. CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178TR7 2009-08-13 9940000 CONSTRUCT SOUTH CAMPUS CLASSROOMS; REFINANCE EXISTING TAXABLE LOAN 0 0 0 9940000 34970 198800 27504 3696639 2009 1 0 1 1 0 0 0 0 1 0.00000 0.00000 1 0 1 1 WELLS FARGO BANK 30.250000000000 0 0 0 0 0 PART I, COL A(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. X 4 143 SELLING PRICE X 5 5 $1 PER ITEM DONATED X 1 $1 PER ITEM DONATED X 3 $1 PER ITEM DONATED X 9 142918 HIGH/LOW AVE. OF FMV X 1 1 $1 PER ITEM DONATED X FURNITURE 7 457 DONOR ESTIMATION X ELECTRONICS 2 7596 SELLING PRICE X TICKETS 9 3493 SELLING PRICE 0 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE ORGANIZATION USES A THIRD PARTY BROKER (NORTHERN TRUST) TO SELL GIFTS OF SECURITIES. 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 THE FULL BOARD OF TRUSTEES DURING FEBRUARY OR MARCH 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. FORM 990, PART VI, SECTION C, LINE 19 ARTICLES OF INCORPORATION, BYLAWS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 7,458,862. DONATED SERVICES AND USE OF FACILITIES: 204,500. ACTURIAL ADJUSTMENT 46,000. ADJUSTMENT DUE ROUNDED NET ASSET IN PRIOR YEAR -873. TOTAL TO FORM 990, PART XI, LINE 5: 7,708,489.