2024-04-15T07:18:53-05:00 2023-05-31 420714325 RSM US LLP 30 S Wacker Drive Ste 3300 Chicago IL 60606 990 2022-06-01 270717860 TCS Education System TCSE 3123791699 203 N LaSalle Street 1900 Chicago IL 60601 Jennifer Gantz Corporate Treasurer/CFO 3123791699 2024-04-09 1 Jennifer Gantz XXX-XX-XXXX 1 Rebekuh Eley P01247672 3126343400 2024-04-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Michael Horowitz 203 N LaSalle Street 1900 Chicago IL 60601 70877819 0 X www.TCSEdSystem.edu X 2009 IL TCS Education System prepares innovative, engaged, purposeful agents of change who serve our global community. 20 19 294 19 0 0 40558 112137 63554977 70370930 8261 344313 82622 50439 63686418 70877819 0 0 0 0 25163997 27854346 0 0 0 34010727 38909295 59174724 66763641 4511694 4114178 58844634 121664551 14470342 19517916 44374292 102146635 TCS Education System prepares innovative, engaged, purposeful agents of change who serve our global community. 0 0 10677726 0 70370930 TCS Education System is a private, nonprofit system of colleges advancing student success and community impact. The System serves primarily as a supporting organization and central provider of services to several related institutions of higher learning. Supporting functions include human resources, finance, accounting, information technology, administration, marketing, student services, facilities, and student accounts. 10677726 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 1 1 1 0 0 1 61 0 1 294 1 0 0 0 0 0 0 0 0 0 0 1 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL CA OR X Jennifer Gantz 3123791699 203 N LaSalle Street 1900 Chicago IL 60601 Michael Horowitz Corporate President/Trustee 22.00 18.00 X X 1362150 0 121517 Edward Bergmark Board Chair 2.00 12.00 X 0 0 0 Richard Chaifetz Vice Chair 2.00 16.00 X 0 0 0 George Mitchell Vice Chair 2.00 16.00 X 0 0 0 Alyssa Bryant Trustee (as of 05/23) 2.00 0.00 X 0 0 0 Valerie Coachman Moore Trustee 2.00 0.00 X 0 0 0 Victoria Dolan Trustee 2.00 2.00 X 0 0 0 Dorothy Farris Trustee 2.00 2.00 X 0 0 0 Jennifer Forbes Trustee (as of 10/22) 2.00 2.00 X 0 0 0 Jana Johnston Trustee 2.00 12.00 X 0 0 0 Kevin Kotecki Trustee 2.00 12.00 X 0 0 0 Terence Layng Trustee 2.00 12.00 X 0 0 0 Renee Levi Trustee 2.00 0.00 X 0 0 0 Steven Nakisher Trustee 2.00 0.00 X 0 0 0 Teresa Nuno Trustee 2.00 2.00 X 0 0 0 Dipak Panigrahy Trustee (as of 05/23) 2.00 0.00 X 0 0 0 Douglas Patinkin Trustee 2.00 12.00 X 0 0 0 Mary Pattiz Trustee (until 05/23) 2.00 12.00 X 0 0 0 Patricia Potter Trustee 2.00 12.00 X 0 0 0 Leslie Sanchez Trustee (as of 05/23) 2.00 0.00 X 0 0 0 Rodd Satterwhite Trustee (as of 05/23) 2.00 0.00 X 0 0 0 Deborah Solmor Corporate Secy./General Counsel (until 04/23) 22.00 18.00 X 349181 0 23666 Shari Mikos Corporate Secretary (as of 05/22) 22.00 18.00 X 262659 0 19519 Gregory Beno Asst. Treasurer (as of 07/22) 22.00 18.00 X 253832 0 15295 Jennifer Gantz Corp. Treasurer/CFO (as of 10/22) 22.00 18.00 X 48808 179869 16922 Donnell Bell Asst. Corp. Secretary (as of 05/22) 22.00 18.00 X 176403 0 16140 Sara Sotelo Asst. Corp. Secretary (as of 05/22) 22.00 18.00 X 82920 0 17966 John Springer Corporate Treasurer/CFO (until 10/22) 22.00 18.00 X 73330 0 6514 Deborah Markos Chief Operating Officer 40.00 0.00 X 423850 0 56070 Donald Packham Chief HR Officer 40.00 0.00 X 342729 0 32642 Richard Merrick Chief Information Officer 40.00 0.00 X 306008 0 19755 Leanne Wruck Chief Academic Officer 40.00 0.00 X 280806 0 26466 Alison Baumann VP of Marketing 40.00 0.00 X 255469 0 16788 Steve Schneck VP of IT Service 40.00 0.00 X 221358 0 44428 Vikki Lemus VP of Human Resources 40.00 0.00 X 211763 0 25843 Tonya Henry VP of Student Finance 40.00 0.00 X 182903 0 39089 Lesley McKinley VP of Enterprise Application 40.00 0.00 X 183170 0 28240 5017339 179869 526860 50 0 1 0 Mason Interactive PO Box 781580 Philadelphia PA 19178 Marketing Services 18754491 Digital Media Solutions 4800 140th Ave N Ste 101 Clearwater FL 33762 Digital Media Services 3623586 KellyBrady Advertising Inc 9921 N Nevada St Ste 200 Spokane WA 99218 Marketing Services 3112700 Sentinel Technologies Inc PO Box 85080 Chicago IL 60680 IT Services 2179532 StackAdapt Inc 210 King St East Ste 500 Toronto Ontario CA M5A1J7 Marketing Services 1276000 42 112137 59270 112137 Management Fees 611310 70370930 70370930 70370930 344313 344313 50439 50439 50439 70877819 70370930 0 394752 5464458 532151 4932307 17931611 6956529 10975082 1199428 379629 819799 1900642 678890 1221752 1358207 533655 824552 374984 374984 432251 432251 578978 88924 490054 28192923 28192923 295144 56760 238384 4531038 101106 4429932 1165035 387833 777202 770235 202803 567432 379582 63646 315936 1595594 652143 943451 29425 29425 Subscriptions 93993 13692 80301 Excise Tax 79540 79540 Dues and Memberships 47377 9423 37954 Student Services 21706 311 21395 321490 20231 301259 66763641 10677726 56085915 0 6907897 7940813 10013504 8207825 50363 80069 4168300 6889824 20349271 16455255 3438613 3894016 34265957 94652004 58844634 121664551 10239866 8643940 4230476 10873976 14470342 19517916 X 12565616 16864141 31808676 85282494 44374292 102146635 58844634 121664551 X 4114178 184343 53473822 X 0 1 X 1 0 X X X 9 The Chicago School of Professional Psychology 363005527 2 0 0 0 Pacific Oaks Education Corporation 951716809 2 0 0 0 Santa Barbara and Ventura Colleges of Law 952592468 2 0 0 0 TCS Education - Texas Inc 364769956 2 0 0 0 Saybrook University 942155109 2 0 0 0 The Chicago School - Washington DC Inc 800477644 2 0 0 0 The Chicago School - California Inc 900394713 2 0 0 0 Kansas Health Sciences Center Inc 825178988 2 0 0 0 University of Western States 930309970 2 0 0 0 9 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 Part IV, Section A, Line 1: The supported organizations of TCS are designated by class or purpose through the TCS articles of incorporation. More specifically, Article III provides that TCS is organized to be operated exclusively for the benefit of, to perform functions of, and/or to carry out the purposes of educational institutions and related organizations that fund or advance education (hereinafter the "Publicly Supported Organizations"), so long as the Publicly Supported Organizations are exempt as described in Section 501(c)(3) of the Code and either Sections 509(a)(1) or (a)(2) of the Code. Part IV, Section A, Line 5A and 5B: University of Western States (93-0309970) affiliated with TCS Education System, effective February 1, 2023. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 453530 182968 270562 13327680 10721591 2606089 6568061 5550696 1017365 3894016 Due From Affiliates 693988 Fair Value of Net Assets through (or resulting from) Affiliation 85282500 Retirement Plan Assets 1983608 Right-of-use Assets 6691908 94652004 Retirement Plan Liabilities 2262622 Long Term Debt 272542 Due to Affiliates 71018 Right-of-use Liabilities 8267794 10873976 X Part X, Line 2: The System 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 state law and, accordingly, is not subject to federal or state income taxes. 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, the System 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 the System 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, 2023 or 2022. The System annually files Form 990 in the U.S. federal jurisdiction and in the states of Illinois and California. The Affiliates annually file Form 990s in the U.S. federal jurisdiction and in their respective state or district. Sub-Saharan Africa 0 13 Program Services Consulting/Study Abroad 45250 Europe (Including Iceland & Greenland) 0 6 Program Services Consulting/Study Abroad 22971 North America 0 3 Program Services Consulting/Study Abroad 8250 0 22 0 0 0 22 76471 0 76471 0 0 0 0 0 0 Part III Accounting Method: X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 Michael Horowitz Corporate President/Trustee 791226 0 555924 0 15000 0 103808 0 17709 0 1483667 0 0 0 Deborah Markos Chief Operating Officer 332600 0 91250 0 0 0 24565 0 31505 0 479920 0 0 0 Donald Packham Chief HR Officer 268229 0 74500 0 0 0 19638 0 13004 0 375371 0 0 0 Deborah Solmor Corporate Secy./General Counsel (until 04/23) 280431 0 68750 0 0 0 20228 0 3438 0 372847 0 0 0 Richard Merrick Chief Information Officer 246008 0 60000 0 0 0 17829 0 1926 0 325763 0 0 0 Leanne Wruck Chief Academic Officer 210806 0 70000 0 0 0 15918 0 10548 0 307272 0 0 0 Shari Mikos Corporate Secretary (as of 05/22) 205159 0 57500 0 0 0 15157 0 4362 0 282178 0 0 0 Alison Baumann VP of Marketing 222769 0 32700 0 0 0 16206 0 582 0 272257 0 0 0 Gregory Beno Asst. Treasurer (as of 07/22) 204164 0 49668 0 0 0 14851 0 444 0 269127 0 0 0 Steve Schneck VP of IT Service 190832 0 30526 0 0 0 15129 0 29299 0 265786 0 0 0 Jennifer Gantz Corp. Treasurer/CFO (as of 10/22) 48808 174667 0 5202 0 0 3493 12877 118 434 52419 193180 0 0 Vikki Lemus VP of Human Resources 184007 0 27756 0 0 0 13756 0 12087 0 237606 0 0 0 Tonya Henry VP of Student Finance 157929 0 24974 0 0 0 12377 0 26712 0 221992 0 0 0 Lesley McKinley VP of Enterprise Application 159470 0 23700 0 0 0 12186 0 16054 0 211410 0 0 0 Donnell Bell Asst. Corp. Secretary (as of 05/22) 160403 0 16000 0 0 0 6272 0 9868 0 192543 0 0 0 Part I, Line 1a During the 2022 calendar year, TCS Education System provided the following benefit to Dr. Michael Horowitz: - taxable housing allowance of $15,000 The following expenses were incurred in connection with a business purpose: - non-taxable travel for companions of $2,682.36 Part 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 7 The 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. Richard Chaifetz Board Member 130209 Admin Fees 0 Sch L, Part IV, Business Transactions Involving Interested Persons: (a) Name of Person: Richard Chaifetz(d) Description of Transaction: Richard Chaifetz is the owner of ComPsych. TCS Education System paid ComPsych for expenses related to FMLA and EAP administration. X Event Tickets 13 59270 FMV 0 0 1 0 Part I, Column (b): Is reporting the number of contributions Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent accounting firm (RSM US 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. Form 990, Part VI, Section B, line 12c An 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) 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 members 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 15 TCS Education System has established an Executive Committee who reviews and approves the compensation of all executives of the Corporation to determine that it is just and reasonable. The Executive Committee 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 the salaries and benefits of the President and other TCS personnel. Executive salaries are reviewed and approved by the 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 of all compensation determinations in the records of the Board. Form 990, Part VI, Section C, line 19 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 assets received in affiliation 53,473,822. The Chicago School - Washington DC Inc 901 15th Street NW Washington DC 20005 800477644 Education DC 501(c)(3) Line 2 The Chicago School - California Inc 1 The Chicago School of Professional Psychology 325 North Wells Chicago IL 60654 363005527 Education IL 501(c)(3) Line 2 The Chicago School - California Inc 1 Kansas Health Science Center Inc 217 E Douglas Avenue Wichita KS 67202 825178988 Education KS 501(c)(3) Line 2 TCS Education System 1 Saybrook University 55 Eureka Street Pasadena CA 91103 942155109 Education CA 501(c)(3) Line 2 TCS Education System 1 TCS Education - Texas Inc 2101 N Waterview Parkway Richardson TX 75080 364769956 Education TX 501(c)(3) Line 2 The Chicago School - California Inc 1 The Colleges of Law 4475 Market Street Ventura CA 93003 952592468 Education CA 501(c)(3) Line 2 TCS Education System 1 Pacific Oaks Education Corporation 45 Eureka Street Pasadena CA 91103 951716809 Education CA 501(c)(3) Line 2 TCS Education System 1 The Chicago School - California Inc 707 Wilshire Boulevard Los Angeles CA 90017 900394713 Education CA 501(c)(3) Line 2 TCS Education System 1 University of Western States 8000 NE Tillamook Street Portland OR 97213 930309970 Education OR 501(c)(3) Line 2 TCS Education System 1 University of Western States Health Care Incorporated 8000 NE Tillamook Street Portland OR 97213 851407679 Health Care OR N/A C 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 The Chicago School - California Inc L 33655798 Actual The Chicago School of Professional Psychology L 9433989 Actual Pacific Oaks Education Corporation L 7357098 Actual Saybrook University L 6984770 Actual The Chicago School - Washington DC Inc L 4204207 Actual TCS Education - Texas Inc L 3485926 Actual Kansas Health Science Center Inc L 2534627 Actual The Colleges of Law L 1467455 Actual University of Western States L 1235488 Actual The Chicago School - California Inc Q 51057751 Actual Pacific Oaks Education Corporation Q 7620922 Actual Saybrook University Q 6697867 Actual Kansas Health Science Center Inc Q 2177677 Actual The Colleges of Law Q 1434082 Actual University of Western States Q 1242843 Actual