2012-03-12T18:51:42-05:00 2011-06-30 MOSS ADAMS LLP 3121 WEST MARCH LANE SUITE 100 STOCKTON CA 952192303 990 2010-07-01 132981115 OTIS COLLEGE OF ART AND DESIGN OTIS 3106656800 9045 LINCOLN BLVD LOS ANGELES CA 90045 WILLIAM SCHAEFFER 3106656800 2012-03-01 1 TRACY S PAGLIA 2099556100 2010 2016-02-24 21:20:13Z WILLIAM SCHAEFFER 9045 LINCOLN BLVD LOS ANGELES CA 90045 112897610 0 X WWW.OTIS.EDU X 1918 CA OTIS COLLEGE OF ART AND DESIGN IS A WASC ACCREDITED COLLEGE SPECIALIZING IN ART AND DESIGN EDUCATION, OFFERING BOTH GRADUATE AND UNDERGRADUATE DEGREES. 20 19 1132 0 0 0 2501314 2888658 39651586 42333033 311825 691249 1241297 -394853 43706022 45518087 9360422 9946694 0 0 23495301 24060748 14295 0 1718587 10235161 10277175 43105179 44284617 600843 1233470 56689253 57703846 14500572 14228683 42188681 43475163 OTIS PREPARES DIVERSE STUDENTS OF ART AND DESIGN TO ENRICH OUR WORLD THROUGH THEIR CREATIVITY, THEIR SKILL, AND THEIR VISION. 0 0 32592779 9946694 42333033 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. 32592779 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 219 0 1 1132 1 0 0 0 0 0 1 1 0 0 0 0 X 20 19 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X WILLIAM SCHAEFFER 3106656800 9045 LINCOLN BOULEVARD LOS ANGELES CA 90045 SAMUEL C HOI 37.50 X X 438192 0 40517 THOMAS MILLER 1.00 X 0 0 0 SUSAN CRANK 1.00 X 0 0 0 RODNEY FREEMAN 1.00 X 0 0 0 BOB MCKNIGHT 1.00 X 0 0 0 GAIL BUCHALTER 1.00 X 0 0 0 STEPHANIE COTA 1.00 X 0 0 0 BETTYE DIXON 1.00 X 0 0 0 BRONYA PEREIRA GALEF 1.00 X 0 0 0 ELAINE GOLDSMITH 1.00 X 0 0 0 STEPHEN JARCHOW 1.00 X 0 0 0 LAWRENCE LYTTLE 1.00 X 0 0 0 WINIFRED WHITE NEISSER 1.00 X 0 0 0 F RONALD RADER 1.00 X 0 0 0 JIM RYGIEL 1.00 X 0 0 0 MICHAEL SMITH 1.00 X 0 0 0 CHRISTOPHER WICKS 1.00 X 0 0 0 WENDY WINTROB 1.00 X 0 0 0 ROGER WYETT 1.00 X 0 0 0 KERRY WALK 37.50 X 0 0 0 SUSAN GWYNNE KEATHLEY 37.50 X 85271 0 6505 RANDALL LAVENDER 37.50 X 106929 0 10894 CHRIS J ALFORD 37.50 X 229217 0 52784 CARRIE STEWART 37.50 X 0 0 0 CUBA STEPHANIE 37.50 X 144982 0 9914 EDWARD L SCHOENBERG 37.50 X 134988 0 30780 MARC MEREDITH 37.50 X 106263 0 10749 KALI NIKITAS 37.50 X 141881 0 16079 ROBERT WALTERS 37.50 X 132688 0 15863 MEG CRANSTON 37.50 X 127390 0 17449 DEBRA ANN BALLARD 37.50 X 126204 0 20942 ROSE BRANTLEY 37.50 X 115902 0 25150 JOHN GORDON 0.00 X 109267 0 7374 1999174 0 265000 18 1 1 0 DELTA POWER 1790 EAST MCFADDEN AVE SUITE 106 SANTA ANA CA 92705 CONSTRUCTION 261518 UNIVERSAL PROTECTION SERVICES PO BOX 512719 LOS ANGELES CA 90051 SECURITY 223853 ART & SCIENCE GROUP LLC 6115 FALLS ROAD SUITE 101 BALTIMORE MD 21209 RESEARCH 197403 VACO LOS ANGELES LLC 5410 MARYLAND WAY SUITE 460 BRENTWOOD TN 37027 STAFFING 171842 ALL CARE INDUSTRIES INC JANITORIAL CERRITOS CA 90703 JANITORIAL 167932 8 978512 32627 1877519 5807 2888658 TUITION AND FEES 611600 41426615 41426615 AUXILIARY ENTERPRISES 900099 906418 906418 42333033 227653 227653 9000 9000 9000 9000 67188018 66695231 29191 492787 -29191 463596 463596 57690 978512 655101 -597411 -597411 OTHER INCOME 900099 193558 193558 193558 45518087 42333033 0 296396 9946694 9946694 1569701 594555 703589 271557 18317508 13928446 3436163 952899 1097888 811451 228980 57457 1339135 997590 230940 110605 1736516 1260044 372208 104264 163665 283 163382 101985 101985 29399 29399 877770 394945 318916 163909 93989 47469 45520 1000 1335685 609993 714191 11501 583455 13639 569816 2424334 1441207 983103 24 477818 386819 83915 7084 145917 45822 83171 16924 337969 204911 133058 1637617 992887 644730 363591 166494 197097 REPAIRS AND MAINTENANCE 561571 183451 377811 309 EQUIP COST UNDER $1,000 323566 166963 153818 2785 DUES & SUBSCRIPTIONS 184480 121824 54182 8474 TAXES 55778 1385 54393 LIBRARY BOOKS 31877 31877 546709 244030 292884 9795 44284617 32592779 9973251 1718587 13303749 11578680 8682188 9337865 269079 309432 17956 94532 494079 613509 36859411 15775185 21363899 21084226 11464119 13624530 115276 82602 978908 978470 56689253 57703846 4880957 4967884 2944093 2924465 6590000 6255000 85522 81334 14500572 14228683 X 26484316 26853653 8058253 8388281 7646112 8233229 42188681 43475163 56689253 57703846 X 1233470 53012 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 12949145 586500 704872 220692 14019825 11755372 250670 1223617 280514 12949145 12661402 750002 -1601070 54962 11755372 0.07720 0.58190 0.35090 0 0 3875677 3875677 19276510 5358455 13918055 118917 116549 2368 13449863 10300181 3149682 138444 138444 21084226 BOND INTEREST PAYABLE 81334 81334 45518087 44284617 1233470 53012 53012 1286482 36250107 53012 655101 708113 35541994 29399 9946694 9976093 45518087 34963625 655101 655101 34308524 29399 9946694 9976093 44284617 PART III, LINE 1A: OTIS'S 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 POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO FUND ENDOWED SCHOLARSHIPS. PART III, LINE 4: COLLECTIONS ARE: - HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN - PROTECTED, KEPT UNENCUMBERED, CARED FOR, AND PRESERVED - SUBJECT TO A DONOR POLICY THAT REQUIRES THE PROCEEDS FROM SALES OF COLLECTION ITEMS TO BE USED TO FUND AN ENDOWMENT FUND DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: OTIS USES FUNDS TO ESTABLISH SCHOLARSHIPS. THE AMOUNT OF EARNINGS TO BE SPENT AS SCHOLARSHIPS DEPENDS ON THE FOLLOWING: 1. IF DONOR LETTER IS ON FILE, FOLLOW THE DONOR'S INTENTIONS 2. IF NO DONOR LETTER IS ON FILE, ACCORDING TO THE BOARD OF TRUSTEES, SPENDING SHOULD NOT EXCEED 4% (PER YEAR) OF BEGINNING PRINCIPAL BALANCE 3. THE AMOUNT TO SPEND ON SCHOLARSHIPS SHOULD NOT EXCEED THE ORIGINAL PRINCIPAL UNLESS SPECIFIED BY DONOR LETTER OR BOARD OF TRUSTEES 4. TRANSFER ENDOWMENT FUNDS TO RESTRICTED FUNDS SCHOLARSHIPS AT THE END OF THE YEAR DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 2006 FOR ITS FEDERAL AND 2005 FOR ITS STATE FILINGS. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS SPECIAL EVENT EXPENSE 655,101. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 9,946,694. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RECLASS SPECIAL EVENT EXPENSE 655,101. PART XIII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 9,946,694. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 OTIS PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS COLLEGE CLASS CATALOG THAT IS DISTRIBUTED TO STUDENTS FOR ENROLLMENT AS WELL AS AVAILABLE TO THE GENERAL PUBLIC. IN ADDITION, THE COLLEGE POSTS THIS INFORMATION ON ITS WEBSITE AND INCLUDES IT IN APPLICATION MATERIALS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 OTIS RECEIVED FEDERAL AWARDS FROM THE U.S. DEPARTMENT OF EDUCATION AND NATIONAL ENDOWMENT OF THE HUMANITIES DURING THE YEAR, AND ADMINISTERS LOANS FOR THE PERKINS LOAN PROGRAM. FASHION SHOW 909102 864802 44300 407472 CREATIVE ECONOMY 30020 22500 7520 45881 2 97080 91210 5870 201748 1036202 978512 57690 655101 655101 -597411 1 STUDENT SCHOLARSHIPS 817 9946694 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ALL STUDENT SCHOLARSHIPS ARE POSTED TO THE STUDENT ACCOUNTS TO PAY FOR TUITION AND FEES BY FINANCIAL AID OFFICE. PER OTIS POLICY, SCHOLARSHIPS BFA/MFA DO NOT EXCEED TUITION AND FEES. X X 1 1 X X X 1 0 0 0 0 0 0 1 0 SAMUEL C HOI 373538 0 51200 0 13454 0 30895 0 9622 0 478709 0 0 0 CHRIS J ALFORD 167269 0 1200 0 60748 0 22802 0 29982 0 282001 0 0 0 CUBA STEPHANIE 113590 0 1200 0 30192 0 9507 0 407 0 154896 0 0 0 EDWARD L SCHOENBERG 133638 0 1200 0 150 0 14344 0 16436 0 165768 0 0 0 KALI NIKITAS 105937 0 1200 0 34744 0 9836 0 6243 0 157960 0 0 0 JOHN GORDON 0 0 0 0 109267 0 7374 0 0 0 116641 0 0 0 PART I, LINE 1A PRESIDENT AND VPAF HAD GRANDFATHERED BENEFITS PLANS WHICH REQUIRED THE GROSS UP PAYMENT. AS PART OF THE VPIA REALLOCATION PACKAGE, A TEMPORARY HOUSING ALLOWANCE WAS APPROVED WITH THE REQUIRED RECEIPTS AS PROOF OF THE HOUSING AND REQUIRED THE GROSS UP PAYMENT. PART I, LINE 4A PART I, LINE 4A: CHRIS ALFORD AND JOHN GORDON WERE 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. FORM 990, PART VI, SECTION A, LINE 4 THERE WERE CHANGES MADE TO THE COLLEGE'S BYLAWS TO CLARIFY THE CHAIR'S SELECTION PROCESS, LENGTH OF TERM, AND NUMBER OF TERMS ALLOWED. BYLAWS WERE AMENDED AND APPROVED ON 5/26/2011. FORM 990, PART VI, SECTION B, LINE 11 THE FULL FORM 990 IS REVIEWED BY THE CONTROLLER AND THE VP OF ADMINISTRATIVE AND FINANCIAL SERVICES, THEN A FORM 990 WITHOUT SCHEDULE B IS MADE AVAILABLE ON THE BOARD OF TRUSTEES' SECURE WEBSITE 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 AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST - GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 53,012.