2022-04-11T10:57:58-05:00 2021-05-31 420714325 RSM US LLP 30 S Wacker Drive Ste 3300 Chicago IL 60606 990 2020-06-01 270717860 TCS Education System TCSE 3123791699 203 N LaSalle Street No 1900 Chicago IL 60601 Greg Beno Corporate Treasurer/CFO 3123791699 2022-04-08 1 Greg Beno XXX-XX-XXXX Rebekuh Eley P01247672 3126343400 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Michael Horowitz 203 N LaSalle Street No 1900 Chicago IL 60601 55086916 0 X www.TCSEdSystem.edu X 2009 IL TCS Education System prepares innovative, engaged, purposeful agents of change who serve our global community. 16 15 243 15 0 0 86869 16838 49192639 55057752 13350 5258 298 7068 49293156 55086916 500000 0 0 0 23584086 25210804 0 0 0 22719599 28296877 46803685 53507681 2489471 1579235 50377952 52664747 12805668 12869989 37572284 39794758 TCS Education System prepares innovative, engaged, purposeful agents of change who serve our global community. 0 0 9919732 55057752 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. 9919732 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 0 0 0 0 0 1 1 1 0 0 1 48 0 1 243 1 0 0 0 0 0 0 0 0 0 0 1 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL CA X Greg Beno 3123791699 203 N LaSalle Street No 1900 Chicago IL 60601 Michael Horowitz Corporate President/Trustee 24.00 16.00 X X 1900859 0 110809 Deborah Markos Chief Operating Officer 38.00 2.00 X 397358 0 55657 Donald Packham Chief HR Officer 36.00 4.00 X 321997 0 33868 Deborah Solmor Corporate Secretary/General Counsel 24.00 16.00 X 320156 0 25281 Mehul Patel Corporate Treasurer/CFO 24.00 16.00 X 294481 0 32255 Richard Merrick Chief Information Officer 40.00 0.00 X 264918 0 20017 John Reginald Dennis VP of Marketing 40.00 0.00 X 219420 0 47756 Shari Mikos Asst.Corp. Secretary/Chief of Staff 24.00 16.00 X 244520 0 21416 Leanne Wruck Chief Academic Officer 40.00 0.00 X 234920 0 24917 Steve Schneck AVP of IT Service 40.00 0.00 X 212688 0 40610 Gregory Beno VP Finance & Controller 40.00 0.00 X 216570 0 15164 Emily B Karem VP of Global Engagement 40.00 0.00 X 193873 0 14923 Yoon Nam AVP of Strategic Initiatives 40.00 0.00 X 187331 0 11231 Louvenia Hardaway Asst. Corporate Secretary 26.00 14.00 X 58719 0 14657 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 Valerie Coachman Moore Trustee (As of 05/2021) 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 Bela Gandhi Trustee 2.00 0.00 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 Terrence Layng Trustee 2.00 10.00 X 0 0 0 Renee Levi Trustee 2.00 2.00 X 0 0 0 Steven Nakisher Trustee 2.00 0.00 X 0 0 0 Douglas Patinkin Trustee 2.00 12.00 X 0 0 0 Mary Pattiz Trustee 2.00 12.00 X 0 0 0 Patricia Potter Trustee 2.00 12.00 X 0 0 0 5067810 0 468561 52 0 1 0 Mason Interactive PO Box 781580 Philadelphia PA 19178 Marketing Services 6341843 Digital Media Solutions 4800 140th Ave N Ste 101 Clearwater FL 33762 Digital Media Services 3904271 KellyBrady Advertising Inc 9921 N Nevada St Ste 200 Spokane WA 99218 Marketing Services 2984146 Google Inc PO Box 39000 Dept 33654 San Francisco CA 94139 Marketing Services 1984007 Statewide California Electronic Library PO Box 29007 Glendale CA 91209 Library Services 783006 28 16838 1288 16838 Management Fees 611310 54757752 54757752 Related Org Rent 532000 300000 300000 55057752 5258 5258 7068 7068 7068 55086916 55057752 0 12326 3777059 248855 3528204 17038308 6750396 10287912 692813 384724 308089 2437385 647648 1789737 1265239 507358 757881 832573 832573 283637 283637 669251 94901 574350 19172145 19172145 289411 45738 243673 3102431 29947 3072484 1181104 445936 735168 94849 7045 87804 220030 21358 198672 1661939 683133 978806 27520 27520 Excise Tax 361556 361556 Dues and Memberships 37299 10155 27144 Subscriptions 35427 3686 31741 Student Services 1729 1084 645 325976 37768 288208 53507681 9919732 43587949 0 3077308 1513718 140908 58053 4219916 4888323 2869220 3678406 20333894 13451801 7321444 6882093 32749156 35644154 50377952 52664747 8892400 8535644 0 1814 3913268 4332531 12805668 12869989 X 5763608 7986082 31808676 31808676 37572284 39794758 50377952 52664747 1579235 643239 0 X 0 1 X 1 0 X X X 8 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 8 0 0 0 0 0 0 0 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 996365 996365 2483288 275006 2208282 446180 103666 342514 10381574 8229618 2151956 6026487 4843511 1182976 6882093 Due From Affiliates 2260873 Fair Value of Net Assets through (or resulting from) Affiliation 31808678 Interest Receivable 149 Retirement Plan Assets 1574454 35644154 Deferred Rent 1740876 Retirement Plan Liabilities 1945818 Long Term Debt 645837 4332531 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, 2021 or 2020. 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. East Asia and the Pacific 0 1 Program Services Consulting/Study Abroad 1710 Europe (Including Iceland & Greenland) 0 2 Program Services Consulting/Study Abroad 16270 Sub-Saharan Africa 0 7 Program Services Consulting/Study Abroad 18200 North America 0 2 Program Services Consulting 8000 0 12 0 0 0 12 44180 0 44180 0 0 0 0 0 0 Part III Accounting Method: X X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 Michael Horowitz Corporate President/Trustee 1096816 0 539732 0 264311 0 76500 0 35095 0 2012454 0 0 0 Deborah Markos Chief Operating Officer 316108 0 81250 0 0 0 28438 0 27872 0 453668 0 0 0 Donald Packham Chief HR Officer 256997 0 65000 0 0 0 22750 0 11630 0 356377 0 0 0 Deborah Solmor Corporate Secretary/General Counsel 255781 0 64375 0 0 0 22531 0 3280 0 345967 0 0 0 Mehul Patel Corporate Treasurer/CFO 225481 0 69000 0 0 0 20930 0 11804 0 327215 0 0 0 Richard Merrick Chief Information Officer 203418 0 61500 0 0 0 18655 0 3358 0 286931 0 0 0 John Reginald Dennis VP of Marketing 189418 0 30002 0 0 0 16231 0 31959 0 267610 0 0 0 Shari Mikos Asst.Corp. Secretary/Chief of Staff 187310 0 57210 0 0 0 17354 0 5141 0 267015 0 0 0 Leanne Wruck Chief Academic Officer 187420 0 47500 0 0 0 14579 0 10746 0 260245 0 0 0 Steve Schneck AVP of IT Service 183914 0 28774 0 0 0 13500 0 27525 0 253713 0 0 0 Gregory Beno VP Finance & Controller 185341 0 31229 0 0 0 15164 0 401 0 232135 0 0 0 Emily B Karem VP of Global Engagement 168805 0 25068 0 0 0 13561 0 1734 0 209168 0 0 0 Yoon Nam AVP of Strategic Initiatives 134186 0 7294 0 45851 0 9870 0 1673 0 198874 0 0 0 Part I, Line 1a During the 2020 calendar year, TCS Education System provided the following benefit to Dr. Michael Horowitz: - taxable housing allowance of $36,000 The following expenses were incurred in connection with a business purpose: - non-taxable travel for companions of $2,184 - non-taxable health and social club dues of $2,280 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 117921 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. 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 (Korn Ferry) 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. 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 221 South Topeka Street 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 Pkwy 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 Blvd Los Angeles CA 90017 900394713 Education CA 501(c)(3) Line 2 TCS Education System 1 1 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 TCS Education - Texas Inc A 300000 Actual Kansas Health Science Center Inc D 2903697 Actual The Chicago School - California Inc L 25970719 Actual The Chicago School of Professional Psychology L 9657511 Actual Pacific Oaks Education Corporation L 6816864 Actual The Chicago School - Washington DC Inc L 5147363 Actual Saybrook University L 4413886 Actual TCS Education - Texas Inc L 1241310 Actual The Colleges of Law L 1166555 Actual Kansas Health Science Center Inc L 340307 Actual The Chicago School - California Inc Q 41930494 Actual Pacific Oaks Education Corporation Q 9025092 Actual Saybrook University Q 4297149 Actual The Colleges of Law Q 1167421 Actual