2026-05-08T16:43:39-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 225 S LAKE AVE PASADENA CA 91101 990 2024-07-01 132981115 OTIS COLLEGE OF ART AND DESIGN OTIS 3106656800 9045 LINCOLN BLVD LOS ANGELES CA 90045 CHARLES HIRSCHHORN PRESIDENT 3106656831 2026-05-08 1 1 LAUREN A HAVERLOCK P00545829 3104770450 2026-05-08 2024 2025-03-06 01:10:19Z CHARLES HIRSCHHORN 9045 LINCOLN BLVD LOS ANGELES CA 90045 103772625 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. 22 22 1112 53 0 0 11089815 2771669 75093638 77074149 1690278 1578990 590269 924761 88464000 82349569 25672686 26731402 0 0 37087422 36587254 0 0 1170794 20976564 21602466 83736672 84921122 4727328 -2571553 125367602 128249327 42650683 43842643 82716919 84406684 OTIS PREPARES DIVERSE STUDENTS OF ART AND DESIGN TO ENRICH OUR WORLD THROUGH THEIR CREATIVITY, THEIR SKILL, AND THEIR VISION. 0 0 51047747 26731402 70217124 OTIS COLLEGE OF ART AND DESIGN PREPARES DIVERSE STUDENTS OF ART AND DESIGN TO ENRICH OUR WORLD THROUGH THEIR CREATIVITY, SKILL, AND VISION. THE COLLEGE PROVIDES AN INTERDISCIPLINARY EDUCATION SERVING APPROXIMATELY 1,179 FULL-TIME STUDENTS, AWARDING ACCREDITED BFA DEGREES IN ARCHITECTURE/LANDSCAPE/INTERIORS, COMMUNICATION ARTS, DIGITAL MEDIA, FASHION DESIGN, FINE ARTS, PRODUCT DESIGN, AND TOY DESIGN, AS WELL AS MFA DEGREES IN FINE ARTS, GRAPHIC DESIGN, AND WRITING. OTIS ALSO OFFERS CONTINUING EDUCATION AND CERTIFICATE PROGRAMS SUPPORTING PERSONAL AND PROFESSIONAL DEVELOPMENT. 5199314 6857025 OTIS COLLEGE OFFERS CONTINUING EDUCATION, EXTENSION, AND CERTIFICATE PROGRAMS DESIGNED TO SUPPORT LIFELONG LEARNING, PROFESSIONAL DEVELOPMENT, AND COMMUNITY ENGAGEMENT. THESE PROGRAMS INCLUDE NON-CREDIT COURSES, YOUTH PROGRAMS, AND PROFESSIONAL CERTIFICATES THAT EXTEND OTIS'S EDUCATIONAL MISSION BEYOND DEGREE-SEEKING STUDENTS AND SERVE ARTISTS, DESIGNERS, AND COMMUNITY MEMBERS AT VARIOUS STAGES OF THEIR CAREERS. 15618461 OTIS COLLEGE PROVIDES COMPREHENSIVE STUDENT SUPPORT SERVICES THAT ENHANCE ACADEMIC SUCCESS, STUDENT WELL-BEING, AND RETENTION. THESE SERVICES INCLUDE ACADEMIC ADVISING, CAREER SERVICES, LIBRARY AND LEARNING RESOURCES, STUDENT LIFE PROGRAMMING, AND OTHER SUPPORT FUNCTIONS THAT DIRECTLY ADVANCE THE COLLEGE'S EDUCATIONAL MISSION. 71865522 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 2252 0 1 1112 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X BISMARCK GARCIA 3108462637 9045 LINCOLN BOULEVARD SECOND FLOOR LOS ANGELES CA 90045 MEI-LEE NEY CHAIR 1.00 X X 0 0 0 DIANE ZIERING VICE CHAIR 1.00 X X 0 0 0 LESLIE BELZBERG TREASURER 1.00 X X 0 0 0 JAMES HYMAN SECRETARY 1.00 X X 0 0 0 BRANDON LEVIN TRUSTEE 1.00 X 0 0 0 BRIAN LEE TRUSTEE 1.00 X 0 0 0 CLIFFORD EINSTEIN TRUSTEE 1.00 X 0 0 0 DAWN BAILLIE TRUSTEE 1.00 X 0 0 0 DEBRA WONG YANG TRUSTEE 1.00 X 0 0 0 ENRIQUE MARTINEZ CELAYA TRUSTEE 1.00 X 0 0 0 JEFFREY SHAMES TRUSTEE 1.00 X 0 0 0 JENNIFER MCCORMICK TRUSTEE 1.00 X 0 0 0 JOANN LEE TRUSTEE 1.00 X 0 0 0 LAURA FOX TRUSTEE 1.00 X 0 0 0 LEO YU-MING CHU TRUSTEE 1.00 X 0 0 0 LEONARDO LAWSON TRUSTEE 1.00 X 0 0 0 LUKA ORESKOVIC TRUSTEE 1.00 X 0 0 0 MIMI SONG TRUSTEE 1.00 X 0 0 0 ROGER BROWN TRUSTEE 1.00 X 0 0 0 SCOTT BROWN TRUSTEE 1.00 X 0 0 0 BRONYA GALEF TRUSTEE 1.00 X 0 0 0 QING DUNCAN TRUSTEE 1.00 X 0 0 0 CHARLES J HIRSCHHORN PRESIDENT 37.50 X 503859 0 35730 ANKUSH M MAHINDRA VP, FINANCE & ADMINISTRATION 37.50 X 256087 0 41028 KAREN D HILL VP, HR & DEVELOPMENT 37.50 X 190198 0 32405 ALLISON B GRAFF-WEISNER VP, INSTITUTIONAL ADVANCEMENT 37.50 X 222533 0 6091 NICHOLAS E NEGRETE VP, STUDENT AFFAIRS 37.50 X 192104 0 22108 LAWRENCE ALDAVA VP, MARKETING & COMMUNICATIONS 37.50 X 187435 0 6787 YOI TANAKA VP, ADMISSIONS & FINANCIAL AID 37.50 X 163077 0 15118 COLETTE R VEASEY-CULLORS PROVOST 37.50 X 123247 0 9662 JULIE A SPENCER DIRECTOR/PHYSICIAN, STUDENT HEALTH 37.50 X 190621 0 35597 JOANNE MITCHELL ASSOC PROVOST, EDU EFF & ENROLLMENT MGMT 37.50 X 176687 0 22093 MEG CRANSTON CHAIR, FINE ARTS BFA & MFA 37.50 X 176278 0 19703 JENNIFER CAVEZA CHAIR, TOY & PRODUCT DESIGN 37.50 X 154838 0 36909 DWAYNE D MOSER DEAN, ACADEMIC AFFAIRS 37.50 X 169053 0 33283 NICOLE NICHOLAS THRU 0425 ASSOC VP, SPECIAL PROJECTS 37.50 X 154091 0 28696 HELANE P WILBOURNE ASSOC VP, HR & DEVELOPMENT 37.50 X 160342 0 16202 RONALD BERNARD CHAIR, ANIMATION 37.50 X 156904 0 8185 JOFFERY BLACK CHAIR, GAME & ENTERTAINMENT DESIGN 37.50 X 153537 0 6791 MICHELE JAQUIS ACTING CHAIR, COMM ARTS/MFA GRAPHIC DESIGN 37.50 X 139483 0 26121 JASON J CHA THRU 0325 DEAN OF STUDENT AFFAIRS 37.50 X 130200 0 24501 TEAYOUN KIM-KASSOR CHAIR, FOUNDATION 37.50 X 144495 0 12698 BEVERLY BLEDSOE ASSOC PROFESSOR, FOUNDATION 37.50 X 139507 0 15924 MITCHELL MARS DIRECTOR MARKETING & COMMUNICATIONS 37.50 X 137089 0 10187 4021665 0 465819 50 0 1 0 ALL CARE INDUSTRIES INC 7372 WALNUT AVE A BUENA PARK CA 90620 JANITORIAL SERVICES 338325 IRON BRIDGE RESOURCES LLC 9 SHANANDOAH DR PAXTON MA 01612 CONSULTING SERVICES 313959 ALL NATION SECURITY SERVICES INC 3701 WILSHIRE BLVD SUITE 530 LOS ANGELES CA 90010 SECURITY SERVICES 293832 BON APPETIT MANAGEMENT COMPANY PO BOX 50196 LOS ANGELES CA 90074 FOOD SERVICES PROVIDER 219834 MUSICK PEELER & GARRETT LLP 333 SOUTH HOPE ST SUITE 2900 LOS ANGELES CA 90017 LEGAL SERVICES 199661 17 182500 2500 2586669 2771669 TUITION AND FEES 611600 70217124 70217124 AUXILIARY ENTERPRISES 900099 6857025 6857025 77074149 1569292 1569292 21276533 1150 21267985 0 8548 1150 9698 9698 41730 182500 155071 -113341 -113341 OTHER INCOME 900099 1038102 1038102 1038102 82349569 77074149 0 2503751 26731402 26731402 3914840 2339064 1008490 567286 24862437 21540637 3321800 1513263 1150080 363183 3857013 2931330 925683 2439701 1512615 585528 341558 230209 230209 125361 125361 21956 21956 1202714 744709 440236 17769 501654 155409 343231 3014 1156998 842828 277829 36341 2273156 287156 1947199 38801 3118777 3061994 45426 11357 757910 515893 168661 73356 132388 106220 26144 24 1056077 1056077 2607992 2477592 104320 26080 433465 433465 B&O TAXES 1491254 1491254 AUTUMN BOUNTY 650023 574516 75406 101 CLASSES & PROGRAMS 210424 123915 86509 PLANT SALE 130019 52356 77663 5502089 5226552 220430 55107 84921122 71865522 11884806 1170794 3286305 2963691 7353099 2684389 1175630 862890 1179680 3993877 34838 43328 941605 872886 104707699 41068825 62708514 63638874 47691705 52490065 517222 386293 63945 63998 415059 249036 125367602 128249327 5485534 5350003 9326128 11990762 27303742 26186432 535279 315446 42650683 43842643 X 35685817 34543642 47031102 49863042 82716919 84406684 125367602 128249327 -2571553 4261318 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 32677120 264999 3779903 1164015 35558007 23342549 4069024 6829191 1021593 542051 32677120 21327765 50000 3097001 964979 167238 23342549 24557904 1575000 -3938744 698116 168279 21327765 19785040 6070816 623588 674364 24557904 0.14350 0.85650 0.00000 0 0 3875677 3875677 74907536 20367301 54540235 23323123 20701524 2621599 2601363 2601363 63638874 OTHER DEBT 55023 CAPITAL LEASE OBLIGATION 260423 315446 X 60930119 4261318 4261318 56668801 21956 25658812 25680768 82349569 59240354 0 59240354 21956 25658812 25680768 84921122 PART III, LINE 1A: THE COLLEGE COLLECTIONS ARE MADE UP OF DONATED ARTWORK OF HISTORICAL SIGNIFICANCE WHICH ARE NOT RECORDED AS ASSETS AND ARE HELD FOR EDUCATIONAL AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO FUND ENDOWED SCHOLARSHIPS. PART III, LINE 4: COLLECTIONS ARE: - HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN - PROTECTED, KEPT UNENCUMBERED, CARED FOR, AND PRESERVED - SUBJECT TO A DONOR POLICY THAT REQUIRES THE PROCEEDS FROM SALES OF COLLECTION ITEMS TO BE USED TO FUND AN ENDOWMENT FUND PART V, LINE 4: OTIS USES FUNDS TO ESTABLISH SCHOLARSHIPS AND FUNDED PROGRAMS. 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 4.5% (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 PART X, LINE 2: THE COLLEGE IS A TAX-EXEMPT ORGANIZATION AND IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES, EXCEPT FOR UNRELATED BUSINESS INCOME, IN ACCORDANCE WITH SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE COLLEGE HAD NO UNRELATED BUSINESS INCOME TAX DURING THE FISCAL YEARS ENDED JUNE 30, 2025 AND 2024, AND NO TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. 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. THERE WERE NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2025 AND 2024. 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 25,813,883. SPECIAL EVENT -155,071. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 25,813,883. SPECIAL EVENT -155,071. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 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. SCHEDULE E, PART I, LINE 6 OTIS RECEIVED FEDERAL AWARDS FROM THE U.S. DEPARTMENT OF EDUCATION DURING THE YEAR. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS INVESTMENT 393723 EAST ASIA AND THE PACIFIC 0 1 PROGRAM SERVICES CONSULTING 75450 NORTH AMERICA 0 0 LICENSING/MAINTENANCE AGREEMENT TECHNOLOGY LICENSING/MAINTENANCE AGREEMENT TECHNOLOGY 33730 0 1 0 0 0 1 502903 0 502903 0 0 0 0 0 0 PART I, LINE 2: INVESTMENT ACTIVITY IN PRIVATE EQUITY FUNDS ARE OVERSEEN BY INVESTMENT MANAGER. PART I, LINE 3 METHOD OF ACCOUNTING - ACCRUAL BASIS, INVESTMENTS ATELIER 224230 182500 41730 44451 37770 39489 33361 224230 182500 41730 44451 37770 39489 33361 155071 -113341 1 STUDENT SCHOLARSHIPS 1323 26731402 PART I, LINE 2: ALL STUDENT SCHOLARSHIPS ARE POSTED TO THE STUDENT ACCOUNTS BY THE FINANCIAL AID OFFICE AND PAY FOR TUITION AND FEES. PER OTIS POLICY, BFA/MFA SCHOLARSHIPS DO NOT EXCEED TUITION AND FEES. X X X 0 0 0 0 0 0 0 1 0 CHARLES J HIRSCHHORN PRESIDENT 436328 0 67531 0 0 0 25200 0 10530 0 539589 0 0 0 ANKUSH M MAHINDRA VP, FINANCE & ADMINISTRATION 256087 0 0 0 0 0 27114 0 13914 0 297115 0 0 0 ALLISON B GRAFF-WEISNER VP, INSTITUTIONAL ADVANCEMENT 222533 0 0 0 0 0 1924 0 4167 0 228624 0 0 0 JULIE A SPENCER DIRECTOR/PHYSICIAN, STUDENT HEALTH 190621 0 0 0 0 0 21030 0 14567 0 226218 0 0 0 KAREN D HILL VP, HR & DEVELOPMENT 190198 0 0 0 0 0 25763 0 6642 0 222603 0 0 0 NICHOLAS E NEGRETE VP, STUDENT AFFAIRS 192104 0 0 0 0 0 19941 0 2167 0 214212 0 0 0 DWAYNE D MOSER DEAN, ACADEMIC AFFAIRS 169053 0 0 0 0 0 13434 0 19849 0 202336 0 0 0 JOANNE MITCHELL ASSOC PROVOST, EDU EFF & ENROLLMENT 176687 0 0 0 0 0 19926 0 2167 0 198780 0 0 0 MEG CRANSTON CHAIR, FINE ARTS BFA & MFA 176278 0 0 0 0 0 17536 0 2167 0 195981 0 0 0 LAWRENCE ALDAVA VP, MARKETING & COMMUNICATIONS 187435 0 0 0 0 0 3945 0 2842 0 194222 0 0 0 JENNIFER CAVEZA CHAIR, TOY & PRODUCT DESIGN 154838 0 0 0 0 0 14460 0 22449 0 191747 0 0 0 NICOLE NICHOLAS THRU 0425 ASSOC VP, SPECIAL PROJECTS 154091 0 0 0 0 0 20754 0 7942 0 182787 0 0 0 YOI TANAKA VP, ADMISSIONS & FINANCIAL AID 158077 0 5000 0 0 0 12712 0 2406 0 178195 0 0 0 HELANE P WILBOURNE ASSOC VP, HR & DEVELOPMENT 160342 0 0 0 0 0 11812 0 4390 0 176544 0 0 0 MICHELE JAQUIS ACTING CHAIR, COMM ARTS/MFA GRAPHIC 109028 0 0 0 30455 0 18996 0 7125 0 165604 0 0 0 RONALD BERNARD CHAIR, ANIMATION 156904 0 0 0 0 0 4943 0 3242 0 165089 0 0 0 JOFFERY BLACK CHAIR, GAME & ENTERTAINMENT DESIGN 153537 0 0 0 0 0 3224 0 3567 0 160328 0 0 0 TEAYOUN KIM-KASSOR CHAIR, FOUNDATION 144495 0 0 0 0 0 10531 0 2167 0 157193 0 0 0 BEVERLY BLEDSOE ASSOC PROFESSOR, FOUNDATION 138779 0 0 0 728 0 13934 0 1990 0 155431 0 0 0 JASON J CHA THRU 0325 DEAN OF STUDENT AFFAIRS 130200 0 0 0 0 0 11623 0 12878 0 154701 0 0 0 PART I, LINE 7 THE CEO RECEIVES A NON-FIXED PERFORMANCE BONUS SET BY THE BOARD. ALL OTHER NON-FIXED PERFORMANCE BONUSES ARE SET BY THE CEO FOR EXECUTIVE PERFORMANCE. A CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 2014-06-03 34912500 SEE PART VI 0 0 0 A 8747012 34912500 32743336 2169164 2016 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 A 0 1 0 0 1 0 0 0 1 A 1 SCHEDULE K, PART I, COLUMN (F): TO REFINANCE THE 1999 CEFA REVENUE BONDS. LOAN PROCEEDS FINANCED THE COST OF ACQUISITION, CONSTRUCTION, EQUIPPING, AND FURNISHING REAL PROPERTY AND IMPROVEMENTS AT 9045 LINCOLN BOULEVARD, INCLUDING ACADEMIC SPACE, AN AUDITORIUM, RESIDENCE HALL, LEARNING COMMONS, AND OTHER ANCILLARY FACILITIES. FRED FISHER FORMER TRUSTEE 916302 PAYMENT FOR CONSTRUCTION SERVICES 0 FORM 990, PART VI, SECTION B, LINE 11B THE FULL 990 IS REVIEWED BY THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. THE FULL BOARD RECEIVES A PUBLIC DISCLOSURE COPY TO REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ANNUALLY DISTRIBUTES A CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE FOR BOARD MEMBERS TO COMPLETE. THE BOARD COORDINATOR COLLECTS THE QUESTIONNAIRES AND PROVIDES TO THE VP OF FINANCE AND ADMINISTRATION WHO REVIEWS THEM FOR ANY CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE PRESIDENT IS INITIALLY DETERMINED USING COMPARABILITY DATA, EITHER FROM A COMPENSATION SURVEY, STUDY OR CONSULTANT. THE BOARD THEN APPROVES THE COMPENSATION OF THE PRESIDENT AND ANY ANNUAL INCREASES INDEPENDENTLY, WITHOUT THE PARTICIPATION OF THE INTERESTED PERSON. THE COMPENSATION OF OTHER KEY EMPLOYEES AND OFFICERS IS DETERMINED BY THE PRESIDENT USING COMPARABILITY DATA. THE PRESIDENT DETERMINES COMPENSATION OF THE OFFICERS INDEPENDENTLY, WITHOUT THE PARTICIPATION OF THE OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 - FINANCIAL STATEMENTS ARE AVAILABLE ONLINE - GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC.