2019-04-29T16:15:27-05:00 2018-06-30 910189318 MOSS ADAMS LLP 3121 W MARCH LN STE 200 STOCKTON CA 952192367 990 2017-07-01 951921340 ART CENTER COLLEGE OF DESIGN ARTC 6263962200 1700 LIDA STREET PASADENA CA 91103 RICHARD HALUSCHAK SVP, CFO & CAO 6263962200 2019-04-25 1 TRACY S PAGLIA P00366884 2099556100 2019-04-25 12.129.7.100 2019-04-25 20:09:27 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 32BFBF1104AA8EEBC72962A0CCB0C2C16BC479E3 2017 2019-02-21 02:37:17Z LORNE BUCHMAN 1700 LIDA STREET PASADENA CA 91103 240745323 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. 28 27 1930 140 -102508 -103721 8058678 11313748 108807889 116167894 1893734 3023113 383976 348080 119144277 130852835 22292726 24886347 0 0 53990553 58920215 172341 128856 2080194 33065179 39260930 109520799 123196348 9623478 7656487 258162227 272587948 88849457 88450711 169312770 184137237 X LEARN TO CREATE. INFLUENCE CHANGE. 0 0 115607710 24886347 116167894 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 & 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 A 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 2017 TO JUNE 2018 WAS APPROXIMATELY 2,100 STUDENTS. 115607710 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 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 2915 0 1 1930 1 1 1 1 GM 0 0 0 1 1 0 0 0 0 X 28 27 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 ROBERT C DAVIDSON JR CHAIRMAN 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 DOUGLAS C BOYD TRUSTEE 1.00 0.00 X 0 0 0 LORNE M BUCHMAN PRESIDENT/CEO 40.00 0.00 X X 559674 0 72497 WESLEY A COLEMAN TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY L GLASSMAN TRUSTEE/FIRST VICE CHAIR 1.00 0.00 X 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 RICHARD M HOLBROOK JR TRUSTEE THROUGH 5/31/18 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 DAVID C MARTIN TRUSTEE/SECRETARY 1.00 0.00 X 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 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 REINER M TRILTSCH TRUSTEE/TREASURER 1.00 0.00 X X 0 0 0 JUDY C WEBB TRUSTEE 1.00 0.00 X 0 0 0 ALYCE DE ROULET WILLIAMSON TRUSTEE 1.00 0.00 X 0 0 0 TEYMOUR BOUTROS-GHALI TRUSTEE THROUGH 5/31/18 1.00 0.00 X 0 0 0 MICHAEL M WARSAW TRUSTEE 1.00 0.00 X 0 0 0 RICHARD HALUSCHAK SVP CFO & CAO 40.00 0.00 X 294747 0 46526 FRED FEHLAU PROVOST THROUGH 1/5/18 40.00 0.00 X 276345 0 41534 KAREN HOFMANN PROVOST 40.00 0.00 X 153861 0 28037 CATHERINE BARON SVP ADMISSIONS & ENROLLMENT MGMT 40.00 0.00 X 186709 0 34846 EMILY LASKIN SVP DEVELOPMENT 40.00 0.00 X 294692 0 46542 NIKOLAUS HAFERMAAS CHAIR/EXECUTIVE DIRECTOR 40.00 0.00 X 209900 0 60624 ANDREW OGDEN CHAIR, GRADUATE INDUSTRIAL DESIGN 40.00 0.00 X 205196 0 24798 DAVID MOCARSKI CHAIR, ENVIRONMENTAL DESIGN 40.00 0.00 X 207073 0 42213 ROSS LAMANNA CHAIR, FILM 40.00 0.00 X 205447 0 24797 ANN FIELD CHAIR, ILLUSTRATION 40.00 0.00 X 204474 0 41258 2798118 0 463672 123 0 1 0 HALSTED CONSTRUCTION INC 4201 KRAFT AVENUE STUDIO CITY CA 91604 CONSTRUCTION 2825462 ALLIED UNIVERSAL SECURITY SERVICES 161 WASHINGTON ST 600 CONSHOHCKKEN PA 19428 SECURITY 1139860 DARIN JOHNSTONE ARCHITECTS 7462 NORTH FIGUEROA SUITE 206 LOS ANGELES CA 90041 ARCHITECTURAL 910238 SPECIALTY SERVICES 45 LAPORTE STREET ARCADIA CA 91006 JANITORIAL 551255 GKK WORKS 2355 MAIN STREET IRVINE CA 92614 CONSTRUCTION 512039 42 24600 55000 11234148 145281 11313748 TUITION AND FEES 611600 114916541 114916541 AUXILIARY SERVICES 611600 1251353 1251353 116167894 2187117 2187117 586676 130754 455922 455922 455922 110587996 109752000 835996 835996 835996 4400 24600 9734 -5334 -5334 UBI FROM PASSTHROUGHS 523000 -102508 -102508 -102508 130852835 116167894 -102508 3473701 24886347 24886347 1964704 650820 973842 340042 44930011 42445382 1725312 759317 3233218 3054421 124156 54641 5426361 5126283 208372 91706 3365921 3179786 129251 56884 405540 405540 131696 131696 128856 128856 335915 335915 7108309 6715220 272959 120130 217785 205741 8363 3681 10482948 9903241 402545 177162 2561170 2419537 98349 43284 5841340 5518314 224307 98719 1688979 1595578 64857 28544 122212 115454 4693 2065 1621375 1531713 62261 27401 3446060 3255493 132329 58238 2659063 2512017 102108 44938 BOND DEBT FEES 932558 880988 35810 15760 UNCOLLECTIBLE ACCOUNTS 880672 831971 33818 14883 STUDENT MATERIALS COSTS 473625 447434 18187 8004 LICENSES, PERMITS, DUES 351403 331970 13494 5939 280 280 123196348 115607710 5508444 2080194 X 38444 287835 25575671 23410841 5958223 5421420 6131110 5571476 65714 98571 131530 124392 877855 1494062 129068258 27059190 95529362 102009068 107565885 83577759 12888591 47939446 842231 196561 2557611 2456517 258162227 272587948 13271871 14586733 12675000 12408481 62565000 61305000 337586 150497 88849457 88450711 X 80718549 97662399 0 0 88594221 86474838 169312770 184137237 258162227 272587948 X 7656487 4468121 2699859 X 0 1 X 1 1 1 X 29594025 8412247 13090468 8047431 11313748 70457919 29594025 8412247 13090468 8047431 11313748 70457919 12762055 57695864 1539671 2560864 2611439 1847236 2773793 11333003 68236 68236 81859158 513483592 0.70480 0.80600 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: CAR CLASSIC - 2015 AMOUNT: $ 68,236. 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 69706000 4989000 13125000 2349000 323000 85148000 0.25500 0.53600 0.20900 1 0 10154912 10154912 103722925 24290474 79432451 4523923 2013944 2509979 10666498 754772 9911726 102009068 DOMESTIC EQUITY FUNDS 31005182 F CORPORATE BOND FUNDS 1534260 F MULTI-STRATEGY HEDGE FUND OF FUNDS 14455726 F PRIVATE MARKETS FUND INVESTMENT 944278 F 47939446 ANNUITY OBLIGATIONS 150497 150497 X 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, 2018 OR 2017. 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 0 0 PROGRAM SERVICES KYOTO, JAPAN & SHANGHAI, CHINA STUDY ABROAD TRIP 90000 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES BERLIN, GERMANY, LONDON, AND ITALY STUDY ABROAD PROGRAM 610000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES COSTA RICA STUDY ABROAD TRIP 50000 NORTH AMERICA (CANADA AND MEXICO) 0 0 PROGRAM SERVICES MEXICO CITY STUDY ABROAD TRIP 30000 SOUTH AMERICA 0 0 PROGRAM SERVICES SANTIAGO, CHILE STUDY ABROAD TRIP 20000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 14455726 0 0 0 0 0 0 15255726 0 15255726 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 70853 -70853 JOHN LARSON & COMPANY 1075 LINDA GLEN DRIVE PASADENA CA 91105 SURVEY SERVICES 0 0 58003 -58003 128856 -128856 CA STAN DOUGLAS EVENT 29000 24600 4400 2798 6936 29000 24600 4400 2798 6936 9734 -5334 1 EDUCATION PROGRAM TUITION DISCOUNTS 434 1038648 GRADUATE SCHOLARSHIPS 186 1926892 PELL GRANTS, SEOG, FEDERAL WORK STUDY, DIRECT LOANS 2848 209284 STUDENT SPECIAL CIRCUMSTANCE TUITION WAIVERS - MEDICAL 11 56684 UNDERGRADUATE SCHOLARSHIPS 1954 21654839 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 557694 0 0 0 1980 0 53140 0 19357 0 632171 0 0 0 RICHARD HALUSCHAK SVP CFO & CAO 293407 0 0 0 1340 0 35140 0 11386 0 341273 0 0 0 FRED FEHLAU PROVOST THROUGH 1/5/18 275055 0 0 0 1290 0 35140 0 6394 0 317879 0 0 0 KAREN HOFMANN PROVOST 153425 0 0 0 436 0 16837 0 11200 0 181898 0 0 0 CATHERINE BARON SVP ADMISSIONS & ENROLLMENT MGMT 183874 0 0 0 2835 0 21618 0 13228 0 221555 0 0 0 EMILY LASKIN SVP DEVELOPMENT 292636 0 0 0 2056 0 35140 0 11402 0 341234 0 0 0 NIKOLAUS HAFERMAAS CHAIR/EXECUTIVE DIRECTOR 209183 0 0 0 717 0 35140 0 25484 0 270524 0 0 0 ANDREW OGDEN CHAIR, GRADUATE INDUSTRIAL DESIGN 204081 0 0 0 1115 0 24790 0 8 0 229994 0 0 0 DAVID MOCARSKI CHAIR, ENVIRONMENTAL DESIGN 204082 0 0 0 2991 0 30829 0 11384 0 249286 0 0 0 ROSS LAMANNA CHAIR, FILM 204082 0 0 0 1365 0 24790 0 7 0 230244 0 0 0 ANN FIELD CHAIR, ILLUSTRATION 203125 0 0 0 1349 0 24650 0 16608 0 245732 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 $32,857 FOR THE PREMIUM IN 2017. A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 1301784E3 2014-07-16 45680000 REFUND SERIES 2002A, 2002B, 2009 AND 2012 BONDS 0 0 0 B CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 1301784F0 2014-07-16 20550000 ACQUISITION, CONSTRUCTION, IMPROV. AND/OR EQUIPPING OF EDUC. FACILITIES. 0 0 0 A 3420000 45680000 45680000 1 0 1 1 B 1505000 20550000 264346 20285654 2015 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 1 WELLS FARGO BANK 28.500000000000 1 0 0 0 1 B 0 0 0 1 1 1 WELLS FARGO BANK 30.450000000000 1 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/16/2016 ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/16/2016 LORNE M BUCHMAN PRESIDENT/CEO SPLIT-DOLLAR LIFE INSURANCE X 98571 98571 0 1 1 98571 X 8 145281 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, SVP CHIEF FINANCIAL AND ADMINISTRATIVE OFFICER, 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 X, LINES 27 - 29: THE ORGANIZATION ADOPTED ASU NO. 2016-14 FOR THE AUDITED FINANCIAL STATEMENTS ISSUED FOR THE JUNE 30, 2018 FISCAL YEAR, WHICH DECREASED THE NUMBER OF ASSET CLASSES FROM THREE (UNRESTRICTED, TEMPORARILY RESTRICTED, AND PERMANENTLY RESTRICTED) TO TWO (WITHOUT DONOR RESTRICTIONS AND WITH DONOR RESTRICTIONS). FOR THE FORM 990 FOR THE TAX YEAR ENDING JUNE 30, 2018, ALL NET ASSETS WITH DONOR RESTRICTIONS HAVE BEEN CLASSIFIED AS PERMANENTLY RESTRICTED NET ASSETS ON FORM 990, PART X, LINE 29 (WHICH IS CONSISTENT WITH THE 2018 FORM 990 INSTRUCTIONS); ADDITIONALLY, THE PRIOR YEAR BALANCE SHEET HAS BEEN EDITED TO RE-CLASS ALL NET ASSETS WITH DONOR RESTRICTIONS TO FORM 990, PART X, LINE 29 AS WELL. FORM 990, PART XI, LINE 9: LOSS ON INTEREST SWAP 2,541,351. ACTUARIAL ADJUSTMENT 56,000. UNRELATED BUSINESS REVENUE FROM PASSTHROUGHS NOT RECORDED ON BOOKS 102,508. DESIGN ACCELERATOR INC 1700 LIDA STREET PASADENA CA 91103 462703937 COMPUTER SYSTEM DESIGN CA ART CENTER COLLEGE OF DESIGN C 17844 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0