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PACIFIC OAKS EDUCATION CORPORATION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
PACIFIC OAKS EDUCATION CORPORATION (EIN 95-1716809)
Tax period
2024-06-01 to 2025-05-31
Filed
2026-04-10
IRS object ID
202631009349300628
Schema version
2024v5.5
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 ReturnHeader

FieldValueIRS element (for citing)
Return2026-04-10T10:22:15-05:00ReturnTs
Tax Period End2025-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN420714325PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RSM US LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line130 South Wacker Dr Suite 3300AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP606063392ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN951716809EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Pacific Oaks Education CorporationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPACIBusinessNameControlTxt
Phone6265298003PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line145 Eureka StreetAddressLine1Txt
CityPasadenaCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91103ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJennifer GantzPersonNm
Person TitleCorporate TreasurerPersonTitleTxt
Phone3123791699PhoneNum
Signature2026-04-08SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRebekuh EleyPreparerPersonNm
PTINP01247672PTIN
Phone3126343400PhoneNum
Preparation2026-04-08PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1Pacific Oaks College and Children's SchoolBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerMichael HorowitzPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1203 N LaSalle Ste 1900AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60601ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$31,402,362GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.PacificOaks.eduWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1945FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionPOCCS prepares students to be culturally intelligent agents of change serving diverse communities in fields of human development, education, and family studies.ActivityOrMissionDesc
Voting Members Governing Body13VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee297TotalEmployeeCnt
Total Volunteers120TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,823,651PYContributionsGrantsAmt
CY Contributions Grants$2,629,476CYContributionsGrantsAmt
PY Program Service Revenue$24,071,236PYProgramServiceRevenueAmt
CY Program Service Revenue$25,019,873CYProgramServiceRevenueAmt
PY Investment Income$544,057PYInvestmentIncomeAmt
CY Investment Income$618,443CYInvestmentIncomeAmt
PY Other Revenue$94,838PYOtherRevenueAmt
CY Other Revenue$97,094CYOtherRevenueAmt
PY Total Revenue$26,533,782PYTotalRevenueAmt
CY Total Revenue$28,364,886CYTotalRevenueAmt
PY Grants And Similar Paid$1,178,106PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$876,536CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$10,622,899PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$12,020,742CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$20,613CYTotalFundraisingExpenseAmt
PY Other Expenses$11,824,630PYOtherExpensesAmt
CY Other Expenses$11,961,229CYOtherExpensesAmt
PY Total Expenses$23,625,635PYTotalExpensesAmt
CY Total Expenses$24,858,507CYTotalExpensesAmt
PY Revenues Less Expenses$2,908,147PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$3,506,379CYRevenuesLessExpensesAmt
Total Assets BOY$49,144,766TotalAssetsBOYAmt
Total Assets EOY$53,298,228TotalAssetsEOYAmt
Total Liabilities BOY$21,621,965TotalLiabilitiesBOYAmt
Total Liabilities EOY$21,582,729TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$27,522,801NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$31,715,499NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionPacific Oaks College and Children's School is dedicated to preparing innovative, engaged, purposeful agents of change who serve the global community. The mission of the College states "Grounded in its social justice heritage, Pacific Oaks College prepares students to be culturally intelligent agents of change serving diverse communities in the fields of human development, education, and related family studies." The primary focus of the Children's School is placed upon all needs of young children and their families, and all those who, in a direct or indirect manner, touch their lives each day. The mission of the Corporation is inclusive of the mission of the College and primary focus of the Children's School.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$16,234,179ExpenseAmt
Grant$876,536GrantAmt
Revenue$25,019,873RevenueAmt
DescPacific Oaks College and Children's School (POCCS) is dedicated to preparing innovative, engaged, purposeful agents of change who serve the global community. The mission of the College states "Grounded in its social justice heritage, Pacific Oaks College prepares students to be culturally intelligent agents of change serving diverse communities in the fields of human development, education, and related family studies." The primary focus of the Children's School is placed upon all needs of young children and their families, and all those who, in a direct or indirect manner, touch their lives each day. The mission of the Corporation is inclusive of the mission of the College and primary focus of the Children's School.Pacific Oaks College is an accredited college by WASC Senior College and University Commission. Pacific Oaks College offers a range of bachelor's, master's, doctoral, and certificate programs in both flexible online and on-ground, in-classroom formats to meet the needs of non-traditional and adult students. Pacific Oaks College served more than 1,200 students during the fiscal year ended May 31, 2025. The Children's School offers both part-time and full-time early childhood education programs for infants, toddlers, and young children through age six. The Children's School enrollment is over 100 children.Desc
Total Program Service Expenses$16,234,179TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan OutstandingYes (1)LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document39IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee297EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members13GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local ChaptersYes (1)LocalChaptersInd
Policies Reference ChaptersYes (1)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Jennifer GantzBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3123791699PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1203 N LaSalle Street Suite 1900AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60601ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
Michael Horowitz
Corporate President/Trustee2.0038.00Yes (X)Yes (X)$0$1,566,900$181,097
Breeda McGreath
President (as of 7/24)40.000.00Yes (X)Yes (X)$125,941$103,522$32,462
Leanne Wruck
Interim Pres./Trustee (until 6/24)28.0012.00Yes (X)Yes (X)$54,171$288,436$27,092
Valerie Coachman-Moore
Board Chair2.000.00Yes (X)$0$0$0
Teresa Nuno
Vice Chair2.002.00Yes (X)$0$0$0
Kathy Dossett
Trustee2.000.00Yes (X)$0$0$0
Ryan C Eisenberg
Trustee2.000.00Yes (X)$0$0$0
Dawn Kurtz
Trustee2.000.00Yes (X)$0$0$0
Terrence Layng
Trustee2.0012.00Yes (X)$0$0$0
Stacey Lydon
Trustee2.000.00Yes (X)$0$0$0
Fred Marcus
Trustee2.000.00Yes (X)$0$0$0
Sharon Shelton
Trustee2.000.00Yes (X)$0$0$0
Janet Twyman
Trustee2.000.00Yes (X)$0$0$0
Sydney Williams Hull
Trustee2.000.00Yes (X)$0$0$0
Jennifer Gantz
Corporate Treasurer2.0038.00Yes (X)$0$375,738$24,740
Greg Beno
Asst Corp. Treasurer2.0038.00Yes (X)$0$257,592$18,468
Shari Mikos
Corporate Secretary2.0038.00Yes (X)$0$339,858$28,735
Elisa Davis
Assistant Secretary2.0038.00Yes (X)$0$49,184$3,895
Sara Sotelo
Asst Corp. Secretary2.0038.00Yes (X)$0$93,494$19,684
Jerrell Hill
Dean of HDE (until 3/28/25)40.000.00$180,033$0$24,009Yes (X)
Michael Patton
Dean40.000.00$181,112$0$21,321Yes (X)
Jane Sawyer
VP Human Resources40.000.00$172,466$0$25,998Yes (X)
Nubian London
Associate VP of Admissions40.000.00$143,125$0$50,208Yes (X)
Terry Webster
Administrative Faculty40.000.00$138,507$0$20,600Yes (X)
Jack Paduntin
Former Trustee/College President40.000.00$161,754$0$23,680Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,157,109TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$3,074,724TotReportableCompRltdOrgAmt
Total Other Compensation$501,989TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K15IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Alston & Bird LLPBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line11201 W Peach Tree StreetAddressLine1Txt
CityAtlantaCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30309ZIPCd
FieldValueIRS element (for citing)
ServicesLegal ServicesServicesDesc
Compensation$172,285CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Government Grants$1,820,957GovernmentGrantsAmt
All Other Contributions$808,519AllOtherContributionsAmt
Total Contributions$2,629,476TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Tuition & Fee Revenue611310$24,990,312$24,990,312
Other School Revenue900099$29,561$29,561
FieldValueIRS element (for citing)
Total Program Service Revenue$25,019,873TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$618,531TotalRevenueColumnAmt
Exclusion$618,531ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$11,914TotalRevenueColumnAmt
Exclusion$11,914ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$992,724RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$995,919RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$3,195RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$3,195TotalRevenueColumnAmt
Exclusion-$3,195ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$2,041,469SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$2,041,557SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$88SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$88TotalRevenueColumnAmt
Exclusion-$88ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescParent Association FundDesc
Business900099BusinessCd
Total Revenue Column$88,375TotalRevenueColumnAmt
Exclusion$88,375ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$88,375OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$28,364,886TotalRevenueColumnAmt
Related Or Exempt Func Income$25,019,873RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$715,537ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$876,536TotalAmt
Program Services$876,536ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$517,460TotalAmt
Program Services$129,365ProgramServicesAmt
Management And General$388,095ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$9,536,712TotalAmt
Program Services$8,928,962ProgramServicesAmt
Management And General$592,010ManagementAndGeneralAmt
Fundraising$15,740FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$467,157TotalAmt
Program Services$439,887ProgramServicesAmt
Management And General$27,270ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$770,749TotalAmt
Program Services$666,677ProgramServicesAmt
Management And General$102,821ManagementAndGeneralAmt
Fundraising$1,251FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$728,664TotalAmt
Program Services$689,021ProgramServicesAmt
Management And General$39,558ManagementAndGeneralAmt
Fundraising$85FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$2,111,275TotalAmt
Management And General$2,111,275ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$38,608TotalAmt
Management And General$38,608ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$16,469TotalAmt
Management And General$16,469ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$189,710TotalAmt
Program Services$124,902ProgramServicesAmt
Management And General$64,808ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$3,746,885TotalAmt
Management And General$3,746,885ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$345,534TotalAmt
Program Services$268,856ProgramServicesAmt
Management And General$75,207ManagementAndGeneralAmt
Fundraising$1,471FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$42,368TotalAmt
Program Services$39,683ProgramServicesAmt
Management And General$2,603ManagementAndGeneralAmt
Fundraising$82FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$523,151TotalAmt
Program Services$306,222ProgramServicesAmt
Management And General$216,929ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$139,017TotalAmt
Program Services$102,166ProgramServicesAmt
Management And General$36,831ManagementAndGeneralAmt
Fundraising$20FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$274,787TotalAmt
Program Services$229,327ProgramServicesAmt
Management And General$45,254ManagementAndGeneralAmt
Fundraising$206FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$356,380TotalAmt
Program Services$306,281ProgramServicesAmt
Management And General$50,099ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$359,896TotalAmt
Program Services$319,168ProgramServicesAmt
Management And General$40,728ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$189,759TotalAmt
Management And General$189,759ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Student Services$2,533,342$2,523,755$9,587
Bad Debt$674,335$674,335
Subscriptions and Publi$56,113$44,557$10,237$1,319
Dues and Memberships$33,813$22,108$11,690$15

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$329,787TotalAmt
Program Services$216,706ProgramServicesAmt
Management And General$112,657ManagementAndGeneralAmt
Fundraising$424FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$24,858,507TotalAmt
Program Services$16,234,179ProgramServicesAmt
Management And General$8,603,715ManagementAndGeneralAmt
Fundraising$20,613FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,347,171BOYAmt
EOY$1,924,204EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$4,349,849BOYAmt
EOY$6,314,029EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$209,219BOYAmt
EOY$860,132EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$709,580BOYAmt
EOY$490,400EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$82,116EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$203,020BOYAmt
EOY$198,095EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$31,892,574LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$5,403,878LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$26,705,388BOYAmt
EOY$26,488,696EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$14,350,694BOYAmt
EOY$16,474,736EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$6,990BOYAmt
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,262,855BOYAmt
EOY$465,820EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$49,144,766BOYAmt
EOY$53,298,228EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,714,525BOYAmt
EOY$1,538,182EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$3,611,936BOYAmt
EOY$4,294,116EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$14,207,557BOYAmt
EOY$13,601,727EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$2,046,921BOYAmt
EOY$1,966,900EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$41,026BOYAmt
EOY$181,804EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$21,621,965BOYAmt
EOY$21,582,729EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$20,294,854BOYAmt
EOY$23,538,976EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$7,227,947BOYAmt
EOY$8,176,523EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$27,522,801BOYAmt
EOY$31,715,499EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$49,144,766BOYAmt
EOY$53,298,228EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$3,506,379ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$1,031,143NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$344,824OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$12,546,490BeginningYearBalanceAmt
Contributions$331,167ContributionsAmt
Investment Earnings Or Losses$1,324,381InvestmentEarningsOrLossesAmt
Grants Or Scholarships$139,614GrantsOrScholarshipsAmt
End Year Balance$14,062,424EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$11,075,597BeginningYearBalanceAmt
Investment Earnings Or Losses$1,680,453InvestmentEarningsOrLossesAmt
Grants Or Scholarships$209,560GrantsOrScholarshipsAmt
End Year Balance$12,546,490EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$11,442,360BeginningYearBalanceAmt
Investment Earnings Or Losses-$88,766InvestmentEarningsOrLossesAmt
Grants Or Scholarships$277,997GrantsOrScholarshipsAmt
End Year Balance$11,075,597EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$12,572,683BeginningYearBalanceAmt
Investment Earnings Or Losses-$1,011,322InvestmentEarningsOrLossesAmt
Grants Or Scholarships$119,001GrantsOrScholarshipsAmt
End Year Balance$11,442,360EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$9,869,139BeginningYearBalanceAmt
Investment Earnings Or Losses$2,975,068InvestmentEarningsOrLossesAmt
Grants Or Scholarships$271,524GrantsOrScholarshipsAmt
End Year Balance$12,572,683EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.44929BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.32627PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.22444TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$14,123,271OtherCostOrOtherBasisAmt
Book Value$14,123,271BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$14,959,141OtherCostOrOtherBasisAmt
Depreciation$3,173,833DepreciationAmt
Book Value$11,785,308BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$899,206OtherCostOrOtherBasisAmt
Depreciation$891,247DepreciationAmt
Book Value$7,959BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,910,956OtherCostOrOtherBasisAmt
Depreciation$1,338,798DepreciationAmt
Book Value$572,158BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$26,488,696TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
Other Liabilities$34,036
Due to Related Party$147,768
FieldValueIRS element (for citing)
Total Liability$181,804TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$29,154,119TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$1,031,143NetUnrealizedGainsInvstAmt
Other Revenue-$1,221,360OtherRevenueAmt
Revenue Not Reported-$190,217RevenueNotReportedAmt
Revenue Subtotal$29,344,336RevenueSubtotalAmt
Investment Expenses Not Incld$16,469InvestmentExpensesNotIncldAmt
Other Revenues Not Included-$995,919OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$979,450RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$28,364,886TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$24,961,421TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$995,919OtherExpensesIncludedAmt
Expenses Not Reported$995,919ExpensesNotReportedAmt
Expenses Subtotal$23,965,502ExpensesSubtotalAmt
Investment Expenses Not Incld2$16,469InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$876,536OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$893,005ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$24,858,507TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part V, Line 4:POCCS's endowment consists of donor-restricted funds and a Board designated fund for general institutional support. The endowment funds are primarily used for student financial assistance and mission advancement.
Part X, Line 2:POCCS has received notification that it qualifies as a tax-exempt organization under Section 501(c)(3) of the U.S. Internal Revenue Code and corresponding provisions of the State of California law. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, POCCS may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of POCCS and various positions related to the potential sources of unrelated business taxable income. There were no unrecognized tax benefits identified or recorded as liabilities during the years ended May 31, 2025 or 2024. POCCS files Form 990 annually in the U.S. federal jurisdiction and in the State of California.
Part XI, Line 2d - Other Adjustments:Net unrealized gain on interest rate swap -344,824. Scholarships reported as a contra revenue account -876,536.
Part XI, Line 4b - Other Adjustments:Rental expenses -995,919.
Part XII, Line 2d - Other Adjustments:Rental expenses 995,919.
Part XII, Line 4b - Other Adjustments:Scholarships reported as a contra revenue account 876,536.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Part I, Line 3Pacific Oaks College and Children's School nondiscrimination policies are published in the academic catalog, student handbook, and admissions policies, which are available to the public via the Institution's website.
Schedule E, Part I, Line 6POCCS receives funds from the US Department of Education for several student financial assistance programs, including the Federal Direct Stafford Loan Program, Federal Direct Grad Plus Loan Program, Federal Direct Plus Loan Program, Federal Pell Grant Program, Federal Supplemental Education Opportunity Grant Program, and Federal Work-Study Program. POCCS also receives state funding from the California monetary assistance programs including California Grant A, California Grant B, California Grant T, and California Grant Subsistence.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeScholarshipsGrantTypeTxt
Recipient349RecipientCnt
Cash Grant$876,536CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 2:FormAndLineReferenceDesc
ExplanationPOCCS 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 guidelines, will be automatically awarded a scholarship. Merit-based scholarships are granted to students who submit all required documentation by certain deadlines and apply with good academic standing.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Michael Horowitz
Corporate President/Trustee$0$936,900$0$630,000$0$0$0$162,292$0$18,805$0$1,747,997$0$0
Jennifer Gantz
Corporate Treasurer$0$304,863$0$70,875$0$0$0$24,150$0$590$0$400,478$0$0
Leanne Wruck
Interim Pres./Trustee (until 6/24)$54,171$225,936$0$62,500$0$0$3,792$15,719$0$7,581$57,963$311,736$0$0
Shari Mikos
Corporate Secretary$0$277,358$0$62,500$0$0$0$24,002$0$4,733$0$368,593$0$0
Greg Beno
Asst Corp. Treasurer$0$225,050$0$32,542$0$0$0$18,001$0$467$0$276,060$0$0
Breeda McGreath
President (as of 7/24)$125,941$95,614$0$7,908$0$0$9,046$7,502$7,079$8,835$142,066$119,859$0$0
Jerrell Hill
Dean of HDE (until 3/28/25)$174,625$0$5,408$0$0$0$12,805$0$11,204$0$204,042$0$0$0
Michael Patton
Dean$159,440$0$21,672$0$0$0$11,794$0$9,527$0$202,433$0$0$0
Jane Sawyer
VP Human Resources$149,808$0$22,658$0$0$0$12,385$0$13,613$0$198,464$0$0$0
Nubian London
Associate VP of Admissions$122,561$0$20,564$0$0$0$11,210$0$38,998$0$193,333$0$0$0
Jack Paduntin
Former Trustee/College President$161,754$0$0$0$0$0$11,661$0$12,019$0$185,434$0$0$0
Terry Webster
Administrative Faculty$133,030$0$5,477$0$0$0$9,891$0$10,709$0$159,107$0$0$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part I, Line 3Pacific Oaks College and Children's School, with support from a related organization, TCS Education System, used one or more of the methods described below to establish the top management official's compensation: - Executive Committee - Independent Compensation Consultant - Compensation Survey or Study - Form 990 of other organizations - Approval by the Board of Executive Committee
Part I, Line 4bPart I, Line 4b: TCS Education System provides a supplemental deferred compensation plan for certain executives. The following individuals participate in the plan: - Michael Horowitz
Part I, Line 7The target opportunity for the discretionary award is established through market compensation and internal policy so as to relate pay, performance and rewards. Upon reviewing annual performance, the Executive Committee of the Board of Trustees determines results and the granting of discretionary awards, if any.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1Illinois Finance AuthorityBusinessNameLine1Txt
FieldValueIRS element (for citing)
Bond Issuer EIN861091967BondIssuerEIN
Bond Issued2017-05-18BondIssuedDt
Issue Price$18,400,000IssuePriceAmt
PurposePurchase Facilities and Capital ExpendituresPurposeDesc
Defeased0DefeasedInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Pool Financing0PoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Retired$4,453,200RetiredAmt
Total Proceeds$18,400,000TotalProceedsAmt
Issuance Costs From Proceeds$286,819IssuanceCostsFromProceedsAmt
Capital Expenditures$18,113,181CapitalExpendituresAmt
Refunding Tax Exempt Bonds0RefundingTaxExemptBondsInd
Refunding Taxable Bonds0RefundingTaxableBondsInd
Final Allocation MadeYes (1)FinalAllocationMadeInd
Adequate Books And Rec MaintYes (1)AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed Property0OwningBondFinancedPropertyInd
Any Lease Arrangements0AnyLeaseArrangementsInd
Mgmt Contract Bond Fincd Prop0MgmtContractBondFincdPropInd
Any Research Agreements0AnyResearchAgreementsInd
Bond Iss Meet Prvt Sec Pymt Test0BondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed Prop0ChangeInUseBondFinancedPropInd
Procs Nonqualified Bond RemdtdYes (1)ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T Filed0Form8038TFiledInd
Rebate Not Due YetYes (1)RebateNotDueYetInd
Exception To Rebate0ExceptionToRebateInd
No Rebate Due0NoRebateDueInd
Variable Rate IssueYes (1)VariableRateIssueInd
Hedge Identified In Bks And Rec0HedgeIdentifiedInBksAndRecInd
Gross Proceeds Invested In GIC0GrossProceedsInvestedInGICInd
Gross Proceeds Invested0GrossProceedsInvestedInd
Written Proc To Monitor ReqsYes (1)WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Procedures Corrective ActionYes (1)ProceduresCorrectiveActionInd

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

FieldValueIRS element (for citing)
PersonBreeda McGrathPersonNm
Relationship With OrgPresidentRelationshipWithOrgTxt
Loan PurposeSettling in LoanLoanPurposeTxt
Loan From OrganizationYes (X)LoanFromOrganizationInd
Original Principal$90,000OriginalPrincipalAmt
Balance Due$82,116BalanceDueAmt
Default0DefaultInd
Board Or Committee ApprovalYes (1)BoardOrCommitteeApprovalInd
Written AgreementYes (1)WrittenAgreementInd
FieldValueIRS element (for citing)
Total Balance Due$82,116TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 6TCS Education System ("TCS ES") is the sole corporate member of Pacific Oaks College and Children's School ("POCCS").
Form 990, Part VI, Section A, line 7aThe Member has the authority to consent to the election of persons to membership on the Board of Trustees, this shall apply to any removal of a member of the Board.
Form 990, Part VI, Section A, line 7bThe powers and authority of the Member shall be limited to the following: i. The authority of the Member to consent to a change in the Purpose of the Corporation. ii. The authority of the Member to consent to a change in the legal entity or tax structure of the Corporation. iii. The authority of the Member to amend the Articles of Incorporation or Bylaws. In addition to the power and authority reserved to the Member in the Articles of Incorporation, the Member shall have the full and exclusive authority to take any action reserved, or granted to it in these Bylaws or applicable law.
Form 990, Part VI, Section B, line 11bThe IRS Form 990 is prepared by an independent accounting firm (RSM US LLP) along with the advice of management and attorneys of the organization. The Form 990 is made available to the Governing Board prior to filing with the IRS.
Form 990, Part VI, Section B, line 12cAn Interested Person must annually disclose the existence of the facts and circumstances of any conflict of interest to either 1) the Board members and members of Board committees or 2) the Director of Human Resources 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 or Human Resources, the Interested Person shall be excluded from any deliberations or action concerning conflicts of the matter that gives rise to the conflict of interest. Each Board member, corporate officer, Board committee member, and key employee 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, d) understands that the Corporation is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities that accomplish one or more of its tax-exempt purposes.
Form 990, Part VI, Section B, line 15Each Board's Executive Committee reviews and approves the compensation of certain executives of the Corporation to determine that it is just and reasonable. The Executive Committee, in coordination with TCS Education System, shall conduct or cause to be conducted an analysis of the compensation to be paid to the executive as compared to other executives in similar positions with similar organizations. The Executive Committee engages an outside independent compensation consultant to benchmark salaries and benefits. Executive salaries are reviewed and approved by each Board's Executive Committee with the assistance of a benefits consulting firm (Pearl Meyer) that provides recommendations based on comparative data with other organizations. The Board documents the basis for all compensation determination in the records of the Board.
Form 990, Part VI, Section C, line 19The financial information as well as governance documents, which include the conflict of interest policy, are not made available to the public.
Form 990, Part XI, line 9:Net unrealized gain on interest rate swap -344,824.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (9 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationIndDirect Controlling NADirectControllingNACd
The Colleges of Law
4475 Market StreetVenturaCA93003952592468EducationCA501(c)(3)Line 2TCS Education SystemYes (1)
The Chicago School - California Inc
707 Wilshire BoulevardLos AngelesCA90017900394713EducationCA501(c)(3)Line 2TCS Education SystemYes (1)
The Chicago School of Professional Psychology
325 North WellsChicagoIL60654363005527EducationIL501(c)(3)Line 2The Chicago School - California IncYes (1)
TCS Education System
203 N LaSalle Street Suite 1900ChicagoIL60601270717860Supporting OrganizationIL501(c)(3)Line 12b, II0N/A
The Chicago School - Washington DC Inc
1101 K Street NWWashingtonDC20005800477644EducationDC501(c)(3)Line 2The Chicago School - California IncYes (1)
TCS Education - Texas Inc
6275 W Plano Pkwy Suite 130PlanoTX75093364769956EducationTX501(c)(3)Line 2The Chicago School - California IncYes (1)
Saybrook University
55 Eureka StreetPasadenaCA91103942155109EducationCA501(c)(3)Line 2TCS Education SystemYes (1)
Kansas Health Science University Inc
217 E Douglas AvenueWichitaKS67202825178988EducationKS501(c)(3)Line 2TCS Education SystemYes (1)
University of Western States
8000 NE Tillamook StreetPortlandOR97213930309970EducationOR501(c)(3)Line 2TCS Education SystemYes (1)

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1University of Western States Health Care IncorporatedBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line18000 NE Tillamook StreetAddressLine1Txt
CityPortlandCityNm
State AbbreviationORStateAbbreviationCd
ZIP97213ZIPCd
FieldValueIRS element (for citing)
EIN851407679EIN
Primary ActivitiesHealth CarePrimaryActivitiesTxt
Legal Domicile StateORLegalDomicileStateCd
Direct Controlling NAN/ADirectControllingNACd
Entity TypeCEntityTypeTxt
Controlled OrganizationYes (1)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth OrgYes (1)RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1Saybrook UniversityBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeJTransactionTypeTxt
Involved$385,960InvolvedAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule R, Part II:FormAndLineReferenceDesc
ExplanationThe Chicago School - Washington D.C., Inc. 80-0477644 dissolved on November 7, 2024. TCS Education - Texas, Inc. 36-4769956 dissolved on November 4, 2024.ExplanationTxt