2018-05-11T12:09:38-05:00 2017-06-30 910189318 Moss Adams LLP 3121 W March Ln Ste 200 Stockton CA 952192367 990 2016-07-01 951921340 Art Center College of Design ARTC 6263962200 1700 Lida Street Pasadena CA 91103 Richard Haluschak Senior VP & CFO 6263962200 2018-04-25 1 Tracy S Paglia P00366884 2099556100 2018-04-25 2016 2022-09-23 18:48:47Z LORNE BUCHMAN 1700 Lida Street Pasadena CA 91103 234893651 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 1895 140 0 0 13090468 8058678 100711757 108807889 3026946 1893734 655225 383976 117484396 119144277 20690586 22292726 0 0 51730199 53990553 234402 172341 1904267 31566756 33065179 104221943 109520799 13262453 9623478 239454967 258162227 95347126 88849457 144107841 169312770 X INVEST IN THE INFRASTRUCTURE, TECHNOLOGY, AND EDUCATIONAL RESOURCES NECESSARY TO ADVANCE LEARNING, RESEARCH, AND ACHIEVEMENT TO THE HIGHEST LEVELS OF EXCELLENCE, MINDFUL OF HOW ART AND DESIGN SHAPE AND DEFINE OUR GLOBAL CULTURE, WITH A COMMITMENT TO PROGRESSIVE EDUCATION DEFINED BY SOCIAL RESPONSIBILITY, CRITICAL THINKING, INTELLECTUAL DIVERSITY, AND THE CREATIVE PROCESS. 0 0 102184256 22292726 108807889 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, AND MEDIA 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 2016 TO JUNE 2017 WAS APPROXIMATELY 5,189 STUDENTS. 102184256 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 1 0 0 1 0 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 2970 0 1 1895 1 0 1 GM 0 0 0 0 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 39.60 0.40 X X 591143 0 71148 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 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 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 George H Ladyman Jr Trustee Through 9/2016 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 Greg Silverman Trustee 1.00 0.00 X 0 0 0 Zackary 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 1.00 0.00 X 0 0 0 Michael M Warsaw Trustee 1.00 0.00 X 0 0 0 Richard Haluschak SVP & CFO 40.00 0.00 X 310812 0 45539 Mark Breitenberg Sp Assist. to Pres through 8/2016 24.00 16.00 X 179546 0 15630 Fred Fehlau Provost 40.00 0.00 X 270972 0 41029 George Falardeau SVP Real Estate/Oper through 6/2016 40.00 0.00 X 228189 0 7059 Catherine Baron SVP Admissions & Enrollment Mgmt 40.00 0.00 X 183118 0 32236 Emily Laskin SVP Development 40.00 0.00 X 290021 0 45779 Nikolaus Hafermaas Chair 40.00 0.00 X 209874 0 49992 Andrew Ogden Chair 40.00 0.00 X 205155 0 25286 David Mocarski Chair 40.00 0.00 X 206962 0 35972 Ross LaManna Chair 40.00 0.00 X 205396 0 25286 Gloria Kondrup Executive Director 40.00 0.00 X 195224 0 34484 3076412 0 429440 114 0 1 0 Halsted Construction Inc 4180 Klump Ave Studio City CA 91602 Construction 2446718 Oltmans Construction Co Inc 10005 Mission Mill Road Whittier CA 90608 Construction 1464260 Emcor 2 Cromwell Irvine CA 92618 Maintenance 1295934 Universal Protection Service LP 639 Wilshire Blvd Los Angeles CA 90017 Security 1250577 Darin Johnstone Architecture 7462 North Figueroa Suite 206 Los Angeles CA 90041 Architectural 642133 27 8058678 241322 8058678 Tuition and Fees 611600 107321327 107321327 auxiliary Services 611600 1486562 1486562 108807889 1123886 1123886 723350 339374 383976 383976 383976 116179848 115410000 769848 769848 769848 119144277 108807889 0 2277710 22292726 22292726 2138624 517757 1308880 311987 40865893 38606009 1569250 690634 2900199 2739818 111368 49013 5002998 4726332 192115 84551 3082839 2912358 118381 52100 391522 391522 93933 93933 172341 172341 409971 409971 5749514 5431566 220781 97167 93840 88651 3603 1586 8895026 8403134 341568 150324 2142218 2023754 82261 36203 4256815 4021413 163462 71940 1226783 1158942 47108 20733 108913 102890 4182 1841 1165494 1101042 44755 19697 3258898 3078681 125142 55075 2472605 2335870 94948 41787 Bond Debt Fees 1330522 1256944 51092 22486 Uncollectible Accounts 657988 621601 25267 11120 Student Materials Costs 483643 456897 18572 8174 Licenses, Permits, Dues 327494 307871 14115 5508 109520799 102184256 5432276 1904267 38971 38444 23927045 25575671 6636204 5958223 5955461 6131110 32857 65714 125015 131530 857348 877855 119801183 24271821 91972170 95529362 94855554 107565885 11797953 12888591 1037530 842231 2218859 2557611 239454967 258162227 19235575 13429539 12161860 12675000 63780000 62565000 169691 179918 95347126 88849457 X 63187477 80718549 32032386 39261417 48887978 49332804 144107841 169312770 239454967 258162227 X 9623478 11262529 4318922 X 0 1 X 1 1 1 X 33951960 29594025 8401000 13090468 8058678 93096131 33951960 29594025 8401000 13090468 8058678 93096131 9814472 83281659 1609873 1539671 2560864 2611439 1847236 10169083 68236 68236 103333450 482895067 0.80600 0.86580 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 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 58480000 5626000 7910000 2156000 154000 69706000 0.26400 0.54310 0.19290 1 0 9979957 9979957 98594921 21745258 76849663 4092209 1775570 2316639 7134096 750993 6383103 95529362 Federal Loans 179918 179918 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, 2017 OR 2016. 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 TAMA Japan & Thailand study abroad program 115000 Europe (including Iceland and Greenland) 0 0 Program services Berlin & Cologne Germany, London, and Italy study abroad program 325000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 Investments 12780655 North America (Canada and Mexico) 0 0 Program Services Mexico City study abroad trip 35000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 Program Services Cuba study abroad trip 50000 0 0 0 0 0 0 13305655 0 13305655 1 0 1 0 1 0 X X X X X X X 1 Intersection Studio Inc 4120 Michael Avenue Los Angeles CA 90066 Communications consulting 0 0 135532 -135532 John Larson & Company 1075 Linda Glen Drive Pasadena CA 91105 Survey services 0 0 36809 -36809 172341 -172341 CA 1 Education program tuition discounts 349 540713 Graduate Scholarships 187 1929953 Pell Grants, SEOG, Federal Work Study, Direct Loans 2669 532897 Student Special Circumstance Tuition Waivers - Medical 21 144403 Undergraduate Scholarships 1853 19144759 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 1 1 0 0 0 0 0 0 0 Lorne M Buchman President/CEO 540849 0 0 0 50294 0 52851 0 18297 0 662291 0 0 0 Richard Haluschak SVP & CFO 284522 0 25000 0 1290 0 34851 0 10688 0 356351 0 0 0 Mark Breitenberg Sp Assist. to Pres through 8/2016 128709 0 0 0 50837 0 0 0 15630 0 195176 0 0 0 Fred Fehlau Provost 269682 0 0 0 1290 0 34851 0 6178 0 312001 0 0 0 George Falardeau SVP Real Estate/Oper through 6/2016 29655 0 0 0 198534 0 0 0 7059 0 235248 0 0 0 Catherine Baron SVP Admissions & Enrollment Mgmt 180283 0 0 0 2835 0 21550 0 10686 0 215354 0 0 0 Emily Laskin SVP Development 288041 0 0 0 1980 0 34851 0 10928 0 335800 0 0 0 Nikolaus Hafermaas Chair 209184 0 0 0 690 0 26087 0 23905 0 259866 0 0 0 Andrew Ogden Chair 204082 0 0 0 1073 0 25286 0 0 0 230441 0 0 0 David Mocarski Chair 204082 0 0 0 2880 0 25286 0 10686 0 242934 0 0 0 Ross LaManna Chair 204081 0 0 0 1315 0 25286 0 0 0 230682 0 0 0 Gloria Kondrup Executive Director 194622 0 0 0 602 0 23801 0 10683 0 229708 0 0 0 Part I, Lines 4a-b The College made a severance payment of $16,006 to Mark Breitenberg during the 2016 calendar year, which is reported as "Other Reportable Compensation" on Schedule J, Part II, Column (b)(iii). Additionally, the College made a severance payment to George Falardeau during the 2016 calendar year; the terms of this severance agreement is subject to a confidentiality clause, however, the information is available to the IRS upon request. 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 2016. 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 2545000 45680000 45680000 1 0 1 1 B 1120000 20550000 254358 20269000 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 65714 65714 0 1 1 65714 X 8 241322 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 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, CFO - 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: Loss on interest swap 4,404,169. Actuarial adjustment -74,000. Write-Off of Prior Year Pledge -11,247. The DESIGN ACCELERATOR INC 1700 LIDA STREET Pasadena CA 91103 462703937 Computer System Design CA Art Center College of Design C 19372 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0