2020-04-13T14:19:07-05:00 2019-06-30 910189318 MOSS ADAMS LLP 3121 W MARCH LN STE 200 STOCKTON CA 952192367 990 2018-07-01 951921340 ART CENTER COLLEGE OF DESIGN ARTC 6263962200 1700 LIDA STREET PASADENA CA 91103 RICHARD HALUSCHAK SVP, CFO & CAO 6263962200 2020-04-13 1 TRACY S PAGLIA P00366884 2099556100 2020-03-31 76.14.38.113 2020-04-13 13:48:27 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 00C4359F54289D19625D58AABAD73364CEA05A5F 2018 2020-11-06 18:47:13Z LORNE M BUCHMAN 1700 LIDA STREET PASADENA CA 91103 181779380 0 X WWW.ARTCENTER.EDU X 1930 CA ART CENTER COLLEGE OF DESIGN OPERATES AN INDEPENDENT, FOUR YEAR CURRICULUM TO EDUCATE ARTISTS AND DESIGNERS IN COMMUNICATION ARTS AND INDUSTRIAL DESIGN THAT EXTENDS ITS LEGACY OF PROFESSIONAL ART AND DESIGN PRACTICE AND ENABLES ITS GRADUATES TO REALIZE SUCCESS, FULFILLMENT, AND RECOGNITION IN THEIR CHOSEN FIELDS. 30 29 1985 140 -107544 -109044 11313748 5749696 116167894 121474678 3023113 5304053 348080 115832 130852835 132644259 24886347 24434597 0 0 58920215 63396728 128856 125300 2181570 39260930 41282886 123196348 129239511 7656487 3404748 272587948 329861876 88450711 139489455 184137237 190372421 X LEARN TO CREATE. INFLUENCE CHANGE. 0 0 121255944 24434597 121474678 THE COLLEGE OPERATES AN INDEPENDENT, FOUR YEAR CURRICULUM TO EDUCATE ARTISTS AND DESIGNERS IN COMMUNICATION ARTS AND INDUSTRIAL DESIGN. THE COLLEGE OFFERS A BACHELOR OF FINE ARTS DEGREE IN SIX MAJORS (ADVERTISING, FILM, FINE ART, GRAPHIC DESIGN, ILLUSTRATION, AND PHOTOGRAPHY AND IMAGING) AND A BACHELOR OF SCIENCE DEGREE IN FIVE MAJORS (ENVIRONMENTAL DESIGN, INTERACTION DESIGN, PRODUCT DESIGN, TRANSPORTATION DESIGN, AND ENTERTAINMENT DESIGN). GRADUATE PROGRAMS LEAD TO THE MASTER OF FINE ARTS DEGREE IN FILM, FINE ART, MEDIA DESIGN, AND GRAPHIC DESIGN. THE GRADUATE PROGRAMS THAT OFFER THE MASTER OF SCIENCE DEGREE ARE ENVIRONMENTAL DESIGN, INDUSTRIAL DESIGN, AND TRANSPORTATION DESIGN. ALL EXPENDITURES RELATE TO ACADEMIC INSTRUCTION, PROGRAM SUPPORT AND OPERATION OF THE COLLEGE. THE FTE ENROLLMENT FOR JULY 2018 TO JUNE 2019 WAS APPROXIMATELY 2,126 STUDENTS. 121255944 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 2958 0 1 1985 1 1 1 1 GM 0 0 0 1 1 0 0 0 0 0 0 X 30 29 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 1 1 1 0 CA X DIANE WITTENBERG 6263962326 1700 LIDA STREET PASADENA CA 91103 LORNE M BUCHMAN PRESIDENT/CEO 40.00 0.00 X X 601695 0 75869 ROBERT C DAVIDSON JR CHAIRMAN 1.00 0.00 X X 0 0 0 JEFFREY L GLASSMAN TRUSTEE/FIRST VICE CHAIR 1.00 0.00 X X 0 0 0 DAVID C MARTIN TRUSTEE/SECRETARY 1.00 0.00 X X 0 0 0 REINER M TRILTSCH TRUSTEE/TREASURER 1.00 0.00 X X 0 0 0 JEFFREY C BARBAKOW TRUSTEE 1.00 0.00 X 0 0 0 CARL BASS TRUSTEE 1.00 0.00 X 0 0 0 RONALD BENSION TRUSTEE 1.00 0.00 X 0 0 0 WESLEY A COLEMAN TRUSTEE 1.00 0.00 X 0 0 0 CLARENCE A DANIELS JR TRUSTEE 1.00 0.00 X 0 0 0 TOM GILMORE TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM T GROSS TRUSTEE 1.00 0.00 X 0 0 0 SU MATHEWS HALE TRUSTEE 1.00 0.00 X 0 0 0 BRUCE HEAVIN TRUSTEE 1.00 0.00 X 0 0 0 LINDA A HILL TRUSTEE 1.00 0.00 X 0 0 0 KIT HINRICHS TRUSTEE 1.00 0.00 X 0 0 0 STEVEN M HITTER TRUSTEE 1.00 0.00 X 0 0 0 TIMOTHY M KOBE TRUSTEE 1.00 0.00 X 0 0 0 TERRI KOHL TRUSTEE 1.00 0.00 X 0 0 0 MELISSA LORA TRUSTEE 1.00 0.00 X 0 0 0 SAMUEL J MANN TRUSTEE 1.00 0.00 X 0 0 0 MOLLY M MORGAN TRUSTEE 1.00 0.00 X 0 0 0 PETER W MULLIN TRUSTEE 1.00 0.00 X 0 0 0 CHARLES E NEARBURG TRUSTEE 1.00 0.00 X 0 0 0 MICHELE RUIZ TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY SALAZAR TRUSTEE 1.00 0.00 X 0 0 0 GREG SILVERMAN TRUSTEE 1.00 0.00 X 0 0 0 ZACHARY E SNYDER TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL M WARSAW TRUSTEE 1.00 0.00 X 0 0 0 ALYCE DE ROULET WILLIAMSON TRUSTEE 1.00 0.00 X 0 0 0 RICHARD HALUSCHAK SVP, CFO & CAO 40.00 0.00 X 294925 0 48797 KAREN HOFMANN PROVOST 40.00 0.00 X 239226 0 43109 CATHERINE BARON SVP, ADMISSIONS AND ENROLLMENT 40.00 0.00 X 194303 0 35681 EMILY LASKIN SVP, DEVELOPMENT 40.00 0.00 X 296685 0 48794 GLORIA KONDROP EXECUTIVE DIRECTOR, HMCT 40.00 0.00 X 210454 0 38560 ANDREW OGDEN CHAIR, GRADUATE INDUSTRIAL DESIGN 40.00 0.00 X 205793 0 42552 DAVID MOCARSKI CHAIR, ENVIRONMENTAL DESIGN 40.00 0.00 X 207072 0 37661 ROSS LAMANNA CHAIR, FILM 40.00 0.00 X 205446 0 24728 ANN FIELD CHAIR, ILLUSION 40.00 0.00 X 205412 0 37658 2661011 0 433409 141 0 1 0 PACIFIC NATIONAL GROUP 2392 S BATEMAN AVE IRWINDALE CA 91010 CONSTRUCTION 4669811 HALSTED CONSTRUCTION INC 4201 KRAFT AVE STUDIO CITY CA 91604 CONSTRUCTION 3569683 ALLIED UNIVERSAL SECURITY SERVICES 161 WASHINGTON ST 600 CONSHOHOCKEN PA 19428 SECURITY 1540084 DARIN JOHNSTONE ARCHITECTS 7462 NORTH FIGUEROA ST 206 LOS ANGELES CA 90041 ARCHITECTURAL 1302420 EXTENSIONENGINE LLC 100 CUMMINGS CENTER SUITE 207 BEVERLY MA 01915 ONLINE LEARNING CONSULTING 1173522 40 41066 97000 5611630 128830 5749696 TUITION AND FEES 611600 120085420 120085420 AUXILIARY SERVICES 611600 1389258 1389258 121474678 1932424 1932424 633137 633137 356697 128421 228276 228276 228276 51737492 48999000 2738492 2738492 2738492 2800 41066 7700 -4900 -4900 UBI FROM PASSTHROUGHS 523000 -107544 -107544 -107544 132644259 121474678 -107544 5527429 24434597 24434597 1928790 553190 1037690 337910 48389326 45714883 1857118 817325 3490831 3297788 134048 58995 5969770 5639642 229239 100889 3618011 3417935 138932 61144 317635 317635 133050 133050 125300 125300 310058 310058 9095796 8592798 349279 153719 372846 352228 14317 6301 10644397 10055762 408745 179890 2098441 1982397 80580 35464 5145172 4860644 197575 86953 1813439 1713156 69636 30647 99539 94035 3822 1682 2781739 2627909 106819 47011 4036688 3813459 155009 68220 2666446 2518991 102392 45063 UNCOLLECTIBLE ACCOUNTS 674837 637518 25914 11405 STUDENT MATERIALS COSTS 438729 414467 16847 7415 LICENSES, PERMITS, DUES 338192 319490 12987 5715 STUDENT LOAN WRITE-OFF 185869 185869 130013 29186 100305 522 129239511 121255944 5801997 2181570 23304544 19054347 394132 43924726 5421420 7167959 5571476 6073720 98571 131429 124392 130437 1494062 1166206 144400176 30285298 102009068 114114878 83577759 41431685 47939446 93325900 196561 175260 2456517 3165329 272587948 329861876 14586733 11956780 12408481 13987347 61305000 113401845 150497 143483 88450711 139489455 X 97662399 103395430 86474838 86976991 184137237 190372421 272587948 329861876 X 3404748 543536 2376000 -89100 X 0 1 X 1 1 1 X 8412247 13090468 8047431 11313748 5749696 46613590 8412247 13090468 8047431 11313748 5749696 46613590 15546686 31066904 2560864 2611439 1847236 2773793 2922258 12715590 68236 68236 59397416 543523486 0.52300 0.70480 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: CAR CLASSIC - 2015 AMOUNT: $ 68,236. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 97518000 2337000 3544000 2915000 603000 51000 99830000 90479000 3296000 7252000 2796000 503000 210000 97518000 80805000 345000 12564000 2453000 577000 205000 90479000 86609000 2036000 -4720760 2964000 155240 80805000 85148000 2546000 1784000 2713000 156000 86609000 0.24800 0.54500 0.20700 1 0 9979957 9979957 119833924 27170203 92663721 5965164 2345457 3619707 8621131 769638 7851493 114114878 DOMESTIC EQUITY FUNDS 67903665 F CORPORATE BOND FUNDS 8817018 F MULTI-STRATEGY HEDGE FUND OF FUNDS 14457689 F PRIVATE MARKETS FUND INVESTMENT 2147528 F 93325900 ANNUITY OBLIGATIONS 143483 143483 X 112143424 543536 2592000 -23880036 -20744500 132887924 -243665 -243665 132644259 105908240 216000 332765 548765 105359475 23880036 23880036 129239511 PART V, LINE 4: THE ENDOWMENTS ARE RESTRICTED BY THE DONORS FOR SCHOLARSHIPS AND SUPPORT FOR EDUCATIONAL PROGRAMS AND INITIATIVES. THE BOARD-DESIGNATED QUASI-ENDOWMENT IS RESTRICTED FOR SCHOLARSHIPS. PART X, LINE 2: THE COLLEGE HAD NO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED JUNE 30, 2019 OR 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID -23,880,036. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -128,421. FUNDRAISING EVENT EXPENSES -7,700. UBI FROM PASSTHROUGHS -107,544. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 128,421. FUNDRAISING EVENT EXPENSES 7,700. ACTUARIAL ADJUSTMENTS 98,000. NET CHANGE IN FAIR VALUE OF INTEREST RATE SWAP -1,942,749. LOSS ON DEFEASANCE OF BONDS 288,900. INTEREST RATE SWAP TERMINATION FEES 1,752,493. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 23,880,036. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH BROCHURES, PRINT MEDIA, REGISTRATION MATERIALS, AND ITS WEBSITE. SCHEDULE E, PART I, LINE 6 THE COLLEGE ADMINISTERS VARIOUS SCHOLARSHIP PROGRAMS AND LOANS PROVIDED BY GOVERNMENTAL AGENCIES INCLUDING: DIRECT LOANS (SUBSIDIZED AND UNSUBSIDIZED), PELL GRANTS, SEOG, AND FEDERAL WORK STUDY PROGRAMS. AWARDS ARE MADE BASED UPON THE CRITERIA ESTABLISHED BY THE GOVERNMENTAL AGENCY. EAST ASIA AND THE PACIFIC PROGRAM SERVICES KYOTO, JAPAN & SHANGHAI, CHINA STUDY ABROAD TRIP 95000 EUROPE (INCLUDING ICELAND AND GREENLAND) PROGRAM SERVICES BERLIN, GERMANY, LONDON, AND ITALY STUDY ABROAD PROGRAM 620000 NORTH AMERICA (CANADA AND MEXICO) PROGRAM SERVICES MEXICO CITY STUDY ABROAD TRIP 20000 SOUTH AMERICA PROGRAM SERVICES SANTIAGO, CHILE STUDY ABROAD TRIP 20000 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 14457689 0 0 0 0 0 0 15212689 0 15212689 1 0 1 1 1 0 X X X X X X X 1 INTERSECTION STUDIO INC 4120 MICHAEL AVENUE LOS ANGELES CA 90066 COMMUNICATIONS CONSULTING 0 0 73500 -73500 JOHN LARSON & COMPANY 1075 LINDA GLEN DRIVE PASADENA CA 91105 SURVEY SERVICES 0 0 51800 -51800 125300 -125300 CA LAURA OWENS EXHIBITION 43866 41066 2800 7700 43866 41066 2800 7700 7700 -4900 1 UNDERGRADUATE SCHOLARSHIPS 1983 21133310 GRADUATE SCHOLARSHIPS 184 2092630 PELL GRANTS, SEOG, FEDERAL WORK STUDY, DIRECT LOANS 2525 235840 STUDENT SPECIAL CIRCUMSTANCE TUITION WAIVERS - MEDICAL 20 119142 EDUCATION PROGRAM TUITION DISCOUNTS 553 853675 PART I, LINE 2: GRANT FUNDS ARE RECORDED IN A PROJECT ACCOUNT SO THAT ALL ASSOCIATED REVENUES AND EXPENSES ARE ACCOUNTED FOR RELATED TO A SPECIFIC GRANT. X X X X 0 1 0 0 0 0 0 0 0 LORNE M BUCHMAN PRESIDENT/CEO 599715 0 0 0 1980 0 53856 0 22013 0 677564 0 0 0 RICHARD HALUSCHAK SVP, CFO & CAO 293585 0 0 0 1340 0 35856 0 12941 0 343722 0 0 0 KAREN HOFMANN PROVOST 238790 0 0 0 436 0 30171 0 12938 0 282335 0 0 0 CATHERINE BARON SVP, ADMISSIONS AND ENROLLMENT 191468 0 0 0 2835 0 22742 0 12939 0 229984 0 0 0 EMILY LASKIN SVP, DEVELOPMENT 292728 0 0 0 3957 0 35856 0 12938 0 345479 0 0 0 GLORIA KONDROP EXECUTIVE DIRECTOR, HMCT 209829 0 0 0 625 0 25624 0 12936 0 249014 0 0 0 ANDREW OGDEN CHAIR, GRADUATE INDUSTRIAL DESIGN 204082 0 0 0 1711 0 24722 0 17830 0 248345 0 0 0 DAVID MOCARSKI CHAIR, ENVIRONMENTAL DESIGN 204081 0 0 0 2991 0 24722 0 12939 0 244733 0 0 0 ROSS LAMANNA CHAIR, FILM 204081 0 0 0 1365 0 24722 0 6 0 230174 0 0 0 ANN FIELD CHAIR, ILLUSION 204063 0 0 0 1349 0 24720 0 12938 0 243070 0 0 0 PART I, LINE 4B PRESIDENT LORNE BUCHMAN ENTERED INTO A SPLIT INTEREST AGREEMENT WITH THE COLLEGE. MR. BUCHMAN PURCHASED A LIFE INSURANCE POLICY FOR WHICH THE COLLEGE WILL PAY THE PREMIUMS IN THE FORM OF A LOAN TO BE REPAID BY MR. BUCHMAN. THE COLLEGE PAID $32,858 FOR THE PREMIUM IN 2018. A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130179PL2 2018-08-30 114304457 REFUND BOND DATED 7/16/2014 AND CONSTRUCT, EQUIP, AND IMPROVE FACILITIES 0 0 0 A 545000 114937064 954606 10038159 61305000 42639299 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 09/19/2019 SCHEDULE K, PART I, COLUMN (E) AND SCHEDULE K, PART II, LINE 3 THE DIFFERENCE BETWEEN THE TOTAL ISSUE PRICE REPORTED ON SCHEDULE K, PART I, COLUMN (E) AND THE TOTAL PROCEEDS OF ISSUE REPORTED ON SCHEDULE K, PART II, LINE 3 PERTAINS TO INVESTMENT INCOME EARNED ON UNSPENT BOND PROCEEDS. LORNE M BUCHMAN PRESIDENT/CEO SPLIT-DOLLAR LIFE INSURANCE X 98571 131429 0 1 1 131429 X 5 128830 HIGH/LOW AVG. OF FMV X FURNITURES 10 0 VALUE NOT ASSIGNED 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS, NOT THE NUMBER OF ITEMS CONTRIBUTED, IN SCHEDULE M, PART I, COLUMN (B). PART I, LINE 33: THE COLLEGE RECEIVED DONATED GIFTS, INCLUDING FURNITURE AND ACCESSORIES. IT IS THE POLICY OF THE COLLEGE TO RECORD DONATED GIFTS WITH A FAIR MARKET VALUE OF $1.00 OFFSET BY A $1.00 EXPENSE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED FIRST BY THE CONTROLLER AND THE CHIEF FINANCIAL AND ADMINISTRATIVE OFFICER. IT IS THEN REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AND AN ELECTRONIC COPY IS MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE HAS CONFLICT OF INTEREST POLICIES THAT COVER ALL TRUSTEES AND EMPLOYEES. ALL TRUSTEES MUST ATTEST ANNUALLY THAT THEY ARE IN COMPLIANCE WITH THE APPLICABLE POLICY. THE STATEMENTS ARE REVIEWED EACH YEAR BY THE AUDIT COMMITTEE WHICH DETERMINES WHETHER OR NOT AN ACTUAL, APPARENT OR POTENTIAL CONFLICT EXISTS. THE AUDIT COMMITTEE THEN REFERS ALL ACTUAL, APPARENT, OR POTENTIAL CONFLICTS TO THE FULL BOARD OF TRUSTEES WHO WILL DETERMINE BY A TWO THIRDS MAJORITY VOTE WHETHER OR NOT ACCEPTANCE OF THE CONFLICT IS IN THE COLLEGE'S BEST INTEREST. EMPLOYEES ARE BOUND BY A SIMILAR BUT SEPARATE CONFLICT OF INTEREST POLICY AND ACKNOWLEDGE AND AGREE TO ADHERE TO IT IN WRITING UPON BEING HIRED BY THE COLLEGE AND WHENEVER IT IS REVISED OR AMENDED. FORM 990, PART VI, SECTION B, LINE 15 A) PRESIDENT AND CEO AND SENIOR VICE PRESIDENT, CHIEF FINANCIAL AND ADMINISTRATIVE OFFICER - THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS COMPARABLE DATA FROM A VARIETY OF SOURCES AND INCLUDES RESEARCH AND ADVICE FROM ONE OR MORE EXTERNAL COMPENSATION CONSULTANTS AND ATTORNEYS. THE COMPENSATION COMMITTEE THEN MAKES A RECOMMENDATION TO THE FULL BOARD OF TRUSTEES FOR APPROVAL. B) OFFICERS AND OTHER KEY EMPLOYEES - THE PRESIDENT SETS THE SALARIES FOR THESE POSITIONS USING COMPARABLE DATA FROM EXTERNAL SOURCES INCLUDING AT LEAST ONE PROFESSIONAL COMPENSATION CONSULTANT. COMPENSATION FOR THE PRESIDENT, CFO, OTHER OFFICERS AND KEY EMPLOYEES IS REVIEWED ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 ARTICLES OF INCORPORATION, BYLAWS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: NET CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 1,942,749. ACTUARIAL ADJUSTMENT -98,000. LOSS ON DEFEASANCE OF BONDS -288,900. INTEREST RATE SWAP TERMINATION FEES -1,752,493. UNRELATED BUSINESS INCOME NOT RECORDED ON BOOKS 107,544. DESIGN ACCELERATOR INC 1700 LIDA STREET PASADENA CA 91103 462703937 COMPUTER SYSTEM DESIGN CA ART CENTER COLLEGE OF DESIGN C 25000 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0