PACIFIC OAKS EDUCATION CORPORATION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- PACIFIC OAKS EDUCATION CORPORATION (EIN 95-1716809)
- Tax period
- 2010-06-01 to 2011-05-31
- Filed
- 2012-08-01
- IRS object ID
- 201232149349300328
- Schema version
- 2010v3.7
- 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 G
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-08-01T11:23:30-05:00 | Timestamp |
| Tax Period End Date | 2011-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 MONUMENT CIRCLE STE 2600 | AddressLine1 |
| City | INDIANAPOLIS | City |
| State | IN | State |
| ZIP Code | 46204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 951716809 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Pacific Oaks Education Corporation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PACI | NameControl |
| Phone | 6265298246 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 EUREKA STREET | AddressLine1 |
| City | Pasadena | City |
| State | CA | State |
| ZIP Code | 91103 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Glenn Renzulli | Name |
| Title | Corp Treasurer | Title |
| Date Signed | 2012-08-01 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3176817000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | X | AddressChange |
| Name Of Principal Officer Person | Dr Ezat Parnia | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 Eureka St | AddressLine1 |
| City | Pasadena | City |
| State | CA | State |
| ZIP Code | 91103 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 9074625 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.pacificoaks.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1945 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | PACIFIC OAKS PROVIDES EDUCATIONAL SERVICES AT ITS COLLEGE AND CHILDREN'S SCHOOL. ALL TEACHING IS BASED UPON CORE PRINCIPLES OF SOCIAL JUSTICE, INCLUSION, AND THE VALUE OF EVERY HUMAN BEING. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 10 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 195 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 638198 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 248947 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 7307311 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 7896813 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 94177 | InvestmentIncomePriorYear |
| Investment Income Current Year | 871246 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -29993 | OtherRevenuePriorYear |
| Other Revenue Current Year | 26782 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 8009693 | TotalRevenuePriorYear |
| Total Revenue Current Year | 9043788 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 755400 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 156471 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 5443982 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 6603102 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 479668 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 4510719 | OtherExpensePriorYear |
| Other Expenses Current Year | 6646592 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 10710101 | TotalExpensesPriorYear |
| Total Expenses Current Year | 13406165 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -2700408 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -4362377 | RevenuesLessExpensesCY |
| Total Assets BOY | 12747611 | TotalAssetsBOY |
| Total Assets EOY | 18404971 | TotalAssetsEOY |
| Total Liabilities BOY | 1268784 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 4251616 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 11478827 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 14153355 | NetAssetsOrFundBalancesEOY |
| Mission Description | PACIFIC OAKS PROVIDES EDUCATIONAL SERVICES TO ADULTS AT THE COLLEGE AND FOR YOUNG CHILDREN AT THE CHILDREN'S SCHOOL. ALL TEACHING IS BASED UPON CORE PRINCIPLES OF SOCIAL JUSTICE, INCLUSION, AND THE VALUE OF EVERY HUMAN BEING. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 8263178 | Expense |
| Grants | 156471 | Grants |
| Revenue | 8917499 | Revenue |
| Description | TUITION AND FEES COLLEGE - 3 SEMESTERS CHILDREN'S PROGRAM - ENROLLED YEAR ROUND | Description |
| Total Program Service Expense | 8263178 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | true | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 195 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 10 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | false | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | false | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Yug Fon Chiquito | NamePerson |
| Telephone Number | 6265298248 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 Eureka St | AddressLine1 |
| City | PASADENA | City |
| State | CA | State |
| ZIP Code | 91103 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (19 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| Dorthy Farris | ||||||||
| Board Chair | 2.0 | X | 0 | 0 | 0 | |||
| Jerry Mandel | ||||||||
| Vice Chair | 2.0 | X | 0 | 0 | 0 | |||
| Olin Barrett | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Norris Bernstein | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Dean Chung | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Michael Horowitz | ||||||||
| Trustee/Corporate President | 2.0 | X | 0 | 943309 | 202679 | X | ||
| Terrence Layng | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Mary Pattiz | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Allison Shearmur | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Devy Schonfeld | ||||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | |||
| Jeffery Keith | ||||||||
| Ttee/Corp Treasurer, May 2011 | 2.0 | X | 0 | 494487 | 1629 | X | ||
| Tamara Rozhon | ||||||||
| See Schedule O | 2.0 | X | 0 | 296050 | 19000 | X | ||
| Glenn Renzulli | ||||||||
| Corporate Treasurer | 2.0 | 0 | 0 | 0 | X | |||
| Jennifer DeMay | ||||||||
| Corporate Secretary | 2.0 | 0 | 30028 | 1126 | X | |||
| Lakeisha Marsh | ||||||||
| Asst. Corporate Secretary | 2.0 | 0 | 96970 | 1648 | X | |||
| Shari Mikos | ||||||||
| Asst. Corporate Secretary | 2.0 | 0 | 84201 | 3639 | X | |||
| Cynthia Carter | ||||||||
| College President, May 2011 | 2.0 | 250422 | 0 | 0 | X | |||
| Rose Anne Nespica | ||||||||
| VP Administration, May 2011 | 2.0 | 176653 | 0 | 0 | X | |||
| David Marker | ||||||||
| Former College President | 146833 | 0 | 0 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 573908 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 1945045 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 229721 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| NW Innovation Center LLC | |||||
| 100 W Villa Street ste 103 | PASADENA | CA | 91103 | RENT | 363104 |
| Anthem Blue Cross | |||||
| Dept 5812 | LOS ANGELES | CA | 90074 | INSURANCE | 287440 |
| AJ Gallagher Risk Management Servic | |||||
| PO Box 71965 | CHICAGO | IL | 60694 | INSURANCE | 242341 |
| MFT Properties LLC | |||||
| 100 W Villa Street ste 103 | PASADENA | CA | 91103 | RENT | 227841 |
| Guideone | |||||
| 1111 Ashworth Road | WEST DES MOINE | IA | 50265 | INSURANCE | 131882 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 9 | NumberOfContractorsGT100K |
| Fundraising Events | 36901 | FundraisingEvents |
| All Other Contributions | 212046 | AllOtherContributions |
| Total Contributions | 248947 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Tuition and Fees | 611310 | 7634814 | 7634814 |
| Other School Revenue | 611310 | 261999 | 261999 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 7896813 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 871246 | TotalRevenueColumn |
| Exclusion | $871,246 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 57619 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 36901 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 30837 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 26782 | TotalRevenueColumn |
| Exclusion | $26,782 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 9043788 | TotalRevenueColumn |
| Related Or Exempt Function Income | 7896813 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $898,028 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 156471 | Total |
| Program Services | 156471 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5266734 | Total |
| Program Services | 4515518 | ProgramServices |
| Management And General | 530069 | ManagementAndGeneral |
| Fundraising | 221147 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 188769 | Total |
| Program Services | 154845 | ProgramServices |
| Management And General | 19842 | ManagementAndGeneral |
| Fundraising | 14082 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 659995 | Total |
| Program Services | 553210 | ProgramServices |
| Management And General | 65536 | ManagementAndGeneral |
| Fundraising | 41249 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 487604 | Total |
| Program Services | 399971 | ProgramServices |
| Management And General | 51259 | ManagementAndGeneral |
| Fundraising | 36374 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2908292 | Total |
| Management And General | 2908292 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21203 | Total |
| Management And General | 21203 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15120 | Total |
| Management And General | 15120 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 98728 | Total |
| Management And General | 98728 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 504140 | Total |
| Program Services | 465895 | ProgramServices |
| Fundraising | 38245 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 363255 | Total |
| Program Services | 220803 | ProgramServices |
| Management And General | 116685 | ManagementAndGeneral |
| Fundraising | 25767 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 163261 | Total |
| Program Services | 130609 | ProgramServices |
| Management And General | 16326 | ManagementAndGeneral |
| Fundraising | 16326 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1322105 | Total |
| Program Services | 990571 | ProgramServices |
| Management And General | 328695 | ManagementAndGeneral |
| Fundraising | 2839 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 168342 | Total |
| Program Services | 149405 | ProgramServices |
| Management And General | 1190 | ManagementAndGeneral |
| Fundraising | 17747 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 66104 | Total |
| Program Services | 52884 | ProgramServices |
| Management And General | 6610 | ManagementAndGeneral |
| Fundraising | 6610 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15778 | Total |
| Management And General | 15778 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 370743 | Total |
| Program Services | 236079 | ProgramServices |
| Management And General | 134664 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 117550 | Total |
| Management And General | 117550 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Bad Debt | 90745 | 90745 | ||
| Other Employee Expenses | 23263 | 20937 | 1861 | 465 |
| DUES AND MEMBERSHIPS | 36063 | 17927 | 7219 | 10917 |
| Student Services | 43738 | 43738 | ||
| TAX EXPENSE | 47570 | 47570 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 270592 | Total |
| Program Services | 16000 | ProgramServices |
| Management And General | 206692 | ManagementAndGeneral |
| Fundraising | 47900 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13406165 | Total |
| Program Services | 8263178 | ProgramServices |
| Management And General | 4663319 | ManagementAndGeneral |
| Fundraising | 479668 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 149649 | BOY |
| EOY | 1929255 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2166607 | BOY |
| EOY | 1722905 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 259792 | BOY |
| EOY | 132028 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 360344 | BOY |
| EOY | 225671 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5680 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 147696 | BOY |
| EOY | 151090 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 9342865 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 302035 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2081498 | BOY |
| EOY | 9040830 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7503080 | BOY |
| EOY | 5126562 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 73265 | BOY |
| EOY | 76630 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12747611 | BOY |
| EOY | 18404971 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 390469 | BOY |
| EOY | 1162966 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 250095 | BOY |
| EOY | 302586 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 628220 | BOY |
| EOY | 2786064 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1268784 | BOY |
| EOY | 4251616 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3419976 | BOY |
| EOY | 7223775 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4382583 | BOY |
| EOY | 2838152 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3676268 | BOY |
| EOY | 4091428 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11478827 | BOY |
| EOY | 14153355 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12747611 | BOY |
| EOY | 18404971 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -4362377 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 7036905 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | 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) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7503080 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 779596 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3156114 | GrantsOrScholarships |
| End Of Year Balance | 5126562 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 6872628 | BeginningOfYearBalance |
| Contributions | 3500 | Contributions |
| Investment Earnings Or Losses | 937129 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 310177 | GrantsOrScholarships |
| End Of Year Balance | 7503080 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 8443144 | BeginningOfYearBalance |
| Contributions | 1000 | Contributions |
| Investment Earnings Or Losses | -1211810 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 359706 | GrantsOrScholarships |
| End Of Year Balance | 6872628 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.02000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.49000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.49000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 104305 | OtherCostOrOtherBasis |
| Book Value | 104305 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8812596 | OtherCostOrOtherBasis |
| Depreciation | 224066 | Depreciation |
| Book Value | 8588530 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 209731 | OtherCostOrOtherBasis |
| Depreciation | 65840 | Depreciation |
| Book Value | 143891 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 216233 | OtherCostOrOtherBasis |
| Depreciation | 12129 | Depreciation |
| Book Value | 204104 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 9040830 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| COMMON STOCK | 3324525 | F |
| BONDS | 1450943 | F |
| MONEY MARKET FUNDS | 351094 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 5126562 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DUE TO Affiliates | Description |
| Amount | $2,786,064 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2786064 | TotalOfAmounts |
| Total Revenue | 9043788 | TotalRevenue |
| Total Expenses | 13406165 | TotalExpenses |
| Excess Or Deficit For Year | -4362377 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | -4362377 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 8892285 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -91503 | NetUnrealizedGainsInvestments |
| Other Revenues | -60000 | OtherRevenues |
| Revenue Not Rptd F990 | -151503 | RevenueNotRptdF990 |
| Revenue Subtotal | 9043788 | RevenueSubtotal |
| Total Revenue Per Form990 | 9043788 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 13406165 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 13406165 | ExpensesSubtotal |
| Total Expenses Per Form990 | 13406165 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Endowment Use | Part V, Line 4 | The Pacific Oaks Endowment represents the largest Capital Asset of the Institution. The purpose of the endowment is to provide income to support the mission of Pacific Oaks. |
| Other Revenue Not on Return | Part XII, Line 2d | The financial reports of POEC include $60,000 transferred to The Children's School. This would be treated as a direct expense of fundraising activities per Schedule G, but is eliminated as an intercompany transaction. The removal of this expense results in an increase to the revenue per the tax return. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF GOVERNMENT FINANCIAL AID | Identifier |
| Return Reference | SCHEDULE E, LINE 6 | ReturnReference |
| Explanation | PACIFIC OAKS EDUCATION CORPORATION (POEC) IS TITLE IV ELIGIBLE AND AS SUCH PARTICIPATES IN THE FOLLOWING FEDERAL FUNDED PROGRAMS: -DIRECT STAFFORD LOAN -DIRECT GRAD PLUS LOAN -DIRECT PLUS LOAN -PELL GRANT -SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT -PERKINS LOAN -FEDERAL WORK STUDY POEC IS ALSO ELIGIBLE FOR THE FOLLOWING STATE FUNDED PROGRAMS: -CALIFORNIA GRANT A -CALIFORNIA GRANT B -CALIFORNIA GRANT T -CALIFORNIA GRANT SUBSISTENCE | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | FALL FAIR | NameOfEvent1 |
| Gross Receipts Event1 | 7678 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 7678 | CharitableContributionsEvent1 |
| Cash Prizes Event1 | 0 | CashPrizesEvent1 |
| Non Cash Prizes Event1 | 0 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 575 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 0 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 830 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 4234 | OtherDirectExpensesEvent1 |
| Name Of Event2 | SPRING EVENT | NameOfEvent2 |
| Gross Receipts Event2 | 86842 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 29223 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 57619 | GrossRevenueEvent2 |
| Cash Prizes Event2 | 0 | CashPrizesEvent2 |
| Non Cash Prizes Event2 | 0 | NonCashPrizesEvent2 |
| Rent Facility Costs Event2 | 2447 | RentFacilityCostsEvent2 |
| Food And Beverage Event2 | 8142 | FoodAndBeverageEvent2 |
| Entertainment Event2 | 0 | EntertainmentEvent2 |
| Other Direct Expenses Event2 | 14609 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 0 | TotalNumberOfOtherEvents |
| Gross Receipts Total | 94520 | GrossReceiptsTotal |
| Charitable Contributions Total | 36901 | CharitableContributionsTotal |
| Gross Revenue Total Events | 57619 | GrossRevenueTotalEvents |
| Cash Prizes Total Events | 0 | CashPrizesTotalEvents |
| Non Cash Prizes Total Events | 0 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 3022 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 8142 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 830 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 18843 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 30837 | DirectExpenseSummaryEvents |
| Net Income Summary | 26782 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Scholarships - Tuition Reduction | TypeOfGrant |
| Number Of Recipients | 135 | NumberOfRecipients |
| Amount Of Cash Grant | 156471 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Form 990, Schedule I | Identifier |
| Return Reference | Description of Organization's Procedures for Monitoring the Use of Grants | ReturnReference |
| Explanation | Pacific Oaks gives need based and merit-based scholarships. Need based scholarships are monitored through the Department of Education FAFSA form. Students with $0 estimated family contribution (EFC), based on the Department of Education guidlines, will be automatically awarded a scholarship. Merit-based scholarships are granted to students who submit all required admissions documentation by certain deadlines and apply with a 4.0 undergraduate GPA or GRE score of 1300. Pacific Oaks and its partners award fellowships to students who contribute to the academic community in and outside the classroom. Fellowship recipients dedicate 10 to 15 hours a week of work to the specific department through which the fellowship is offered. Applicants are judged on their ability to demonstrate a committment to learning, developing, and participating in the programmic, research, and administrative activities within the department office. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (6 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Michael Horowitz | |||||||||||||
| 0 | 480392 | 0 | 426917 | 0 | 36000 | 0 | 200179 | 0 | 2500 | 0 | 1145988 | 0 | 0 |
| Jeffery Keith | |||||||||||||
| 0 | 340487 | 0 | 154000 | 0 | 0 | 0 | 0 | 0 | 1629 | 0 | 496116 | 0 | 0 |
| Tamara Rozhon | |||||||||||||
| 0 | 240971 | 0 | 55079 | 0 | 0 | 0 | 16500 | 0 | 2500 | 0 | 315050 | 0 | 0 |
| Cynthia Carter | |||||||||||||
| 250422 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 250422 | 0 | 0 | 0 |
| Rose Anne Nespica | |||||||||||||
| 176653 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 176653 | 0 | 0 | 0 |
| David Marker | |||||||||||||
| 0 | 0 | 0 | 0 | 146833 | 0 | 0 | 0 | 0 | 0 | 146833 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Schedule J, Part I, Line 4b | Identifier |
| Explanation | Pacific Oaks Education Corporation employees participate in supplemental retirement plans through the related organization, TCS Education System. Dr. Michael Horowitz received employer contributions to a 403(b) plan in the amount of $16,182. He also participated in a 457(b) plan, deferring $16,500 to future years and a 457(f) plan, deferring $167,497 to future years. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Description of Classes of Members or Stockholders | Form 990, Part VI, Question 6 | THE TCS EDUCATION SYSTEM ("TCS ES") IS THE SOLE CORPORATE MEMBER OF PACIFIC OAKS EDUCATION CORPORATION ("POEC"). Description of Classes of Persons and the Nature of their Rights Form 990, Part VI, Question 7a and 7b THE POWERS AND AUTHORITY OF THE MEMBER SHALL BE LIMITED TO THE FOLLOWING: - THE AUTHORITY OF THE MEMBER TO CONSENT TO THE ELECTION OF PERSONS TO MEMBERSHIP ON THE BOARD OF TRUSTEES, THIS SHALL INCLUDE ANY ELECTIONS OF PERSONS TO TRUSTEES EMERITI STATUS AND SHALL APPLY TO ANY REMOVAL OF A MEMBER OF THE BOARD. - THE AUTHORITY OF THE MEMBER TO CONSENT TO A CHANGE IN THE MISSION OR PURPOSE OF THE CORPORATION. - THE AUTHORITY OF THE MEMBER TO CONSENT TO A CHANGE IN THE LEGAL ENTITY OR TAX STRUCTURE OF THE CORPORATION. - THE AUTHORITY OF THE MEMBER TO CONSENT TO AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS. Describe the Process used by Managment &/or Governing Body to Review 990 Form 990, Part VI, Question 11 THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, ERNST & YOUNG, U.S., LLP, ALONG WITH THE ADVICE OF THE MANAGEMENT AND ATTORNEYS OF THE ORGANIZATION. THE FORM 990 IS POSTED TO A SECURE WEB PORTAL, ALLOWING MEMBERS TO REVIEW AND OFFER COMMENTARY PRIOR TO THE FILING OF THE FORM 990. |
| Description of Process to Monitor Transactions for Conflicts of Interest | Form 990, Part VI, Question 12c | An Interested Person must disclose the existence of the facts and circumstances of any conflict of interest to the Board members and members of Board committees with respect to any action or proposed action that gives rise to the conflict of interest. Pending review and resolution by the Board or the Governance Committee, the Interested Person shall be excluded from any deliberations or action concerning the matter that gives rise to the conflict of interest. Each Board member, Corporate officer, and Board committee members shall annually sign a statement that affirms that such person a) has received a copy of the conflict-of-interest policy, b) has read and understands the policy, c) has agreed to comply with the policy. |
| Offices & Positions for Which Process was Used | Form 990, Part VI, Question 15a & 15b | ALL COMPENSATION FOR ALL MEMBERS OF THE PACIFIC OAKS COLLEGE AND PACIFIC OAKS CHILDREN'S SCHOOL ARE DETERMINED BASED UPON MARKET STUDIES, POSITION DESCRIPTION, BACKGROUND OF CANDIDATES AND INCUMBENTS AND THE OVERALL COMPENSATION PLANS. EACH CABINET MEMBER'S COMPENSATION IS DECIDED UPON BY THE PRESIDENT, THE DIRECTOR OF FINANCE, AND THE MANAGER OF HUMAN RESOURCES. THE COLLEGE PRESIDENT'S COMPENSATION IS DECIDED UPON BY THE BOARD OF TRUSTEES. THE COMPENSATION COMMITTEE OF THE BOARD OF TCS ES IS RESPONSIBLE FOR REVIEW AND APPROVAL OF COMPENSATION OF CORPORATE OFFICERS. |
| Avail of Gov Docs, Conflict of Interest Policy, & Fin Stmts to Gen Public | Form 990, Part VI, Question 19 | THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| Other Changes in net Assets | Form 990, Part XI, Line 5 | On June 1, 2010, POEC and TCS ES entered into an agreement resulting in POEC donating their Net Assets to TCS Education System in what is referred to as an "Inherent Contribution". GAAP requires treating this transaction as an acquisition. Accordingly, the Net Assets of POEC were adjusted to Fair Market Value resulting in an increase in Net Assets of $7,188,408. Additionally, losses unrealized for tax purposes were ($91,503) and intercompany expenses eliminated for tax reporting were ($60,000) for the year. In total, these other changes in net assets are $7,036,905 |
| Roles performed by Tamara Rozhon | Form 990, Part VII, Section A | Tamara Rozhon served as an officer of the organization during the year, in her role as Corporate Secretary. She ceased to serve in this capactiy as of May 2011. Additionally, Tamara assumed the key employee role of College President following Cynthia Carter's stepping down from this role in December 2010. Tamara served as a trustee of the organization, ceasing to serve in this capacity as of May 2011. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (8 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| The Chicago School of Prof Psychology | |||||||||
| 325 North Wells | Chicago | IL | 60654 | 363005527 | Education | IL | 501(c)(3) | 3 | TCS ES |
| TCS FOUNDATION | |||||||||
| 350 N Orleans | CHICAGO | IL | 60654 | 270973121 | SUPT ORG | IL | 501(C)(3) | 7 | TCS ES |
| TCS EDUCATION SYSTEM | |||||||||
| 350 North Orleans | CHICAGO | IL | 60654 | 270717860 | SUPT ORG | IL | 501(C)(3) | 11B | NA |
| TCS COMMUNITY EDUCATION | |||||||||
| 325 NORTH WELLS | CHICAGO | IL | 60601 | 300517884 | CHARTER SCH. | IL | 501(C)(3) | 2 | TCS ES |
| THE CHICAGO SCHOOL - WASHINGTON DC | |||||||||
| 901 15TH STREET NW | WASHINGTON | DC | 20005 | 800477644 | EDUCATION | DC | 501(C)(3) | 2 | TCSPP |
| CALIFORNIA GRADUATE INSTITUTE | |||||||||
| 1145 GAYLEY AVENUE | LOS ANGELES | CA | 90024 | 952556403 | EDUCATION | CA | 501(C)(3) | 2 | TCSPP |
| TCS California | |||||||||
| 617 West 7th Street | Los Angeles | CA | 90017 | 900394713 | education | CA | 501(c)(3) | 2 | TCSPP |
| santa barbara and ventura college of law | |||||||||
| 4475 Market Street | Ventura | CA | 93003 | 952592468 | education | CA | 501(c)(3) | 2 | TCS ES |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | true | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | true | OtherTransferToOtherOrg |
| Other Transfer From Other Org | true | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (10 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| The Chicago School of Professional Psychology | |
| O | 197449 |
| The Chicago School of Professional Psychology | |
| P | 75818 |
| The Chicago School of Professional Psychology | |
| Q | 976735 |
| The Chicago School of Professional Psychology | |
| R | 2807450 |
| TCS Foundation | |
| O | 816051 |
| TCS Foundation | |
| P | 459014 |
| TCS Education System | |
| O | 3191922 |
| TCS Education System | |
| P | 149295 |
| TCS Education System | |
| Q | 4232493 |
| TCS Education System | |
| R | 1693610 |