2018-05-14T17:14:09-05:00 2017-06-30 910189318 Moss Adams LLP 10960 Wilshire Blvd Suite 1100 Los Angeles CA 90024 990 2016-07-01 132981115 Otis College of Art and Design OTIS 3106656800 9045 Lincoln Blvd Los Angeles CA 90045 Bruce W Ferguson President 3106656800 2018-05-14 1 Lauren A Haverlock P00545829 3104770450 2018-05-11 2016 2022-09-23 18:48:47Z Bruce W Ferguson 9045 Lincoln Blvd Los Angeles CA 90045 103687434 0 X www.otis.edu X 1918 CA OTIS College of Art and Design is a WASC accredited college specializing in art and design education, offering both graduate and undergraduate degrees. 20 18 1231 18 0 0 9070066 2069098 51955661 50880289 802880 633497 -87441 996757 61741166 54579641 13453834 13036696 0 0 27253399 27894985 14046 0 869608 13486503 13877242 54207782 54808923 7533384 -229282 101459613 111913914 42616844 51958699 58842769 59955215 Otis prepares diverse students of art and design to enrich our world through their creativity, their skill, and their vision. 0 0 45871089 13036696 50880289 OTIS PREPARES DIVERSE STUDENTS OF ART AND DESIGN TO ENRICH OUR WORLD THROUGH THEIR CREATIVITY, THEIR SKILL, AND THEIR VISION. THE COLLEGE OFFERS AN INTERDISCIPLINARY EDUCATION FOR APPROXIMATELY 1,100 FULL-TIME STUDENTS, AWARDING ACCREDITED BFA DEGREES IN ARCHITECTURE/LANDSCAPE/INTERIORS, COMMUNICATION ARTS, DIGITAL MEDIA, FASHION DESIGN, FINE ARTS, PRODUCT DESIGN, AND TOY DESIGN; AND MFA DEGREES IN FINE ARTS, GRAPHIC DESIGN, PUBLIC PRACTICE, AND WRITING. CONTINUING EDUCATION OFFERS CERTIFICATE PROGRAMS AS WELL AS PERSONAL AND PROFESSIONAL DEVELOPMENT COURSES. 45871089 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1908 0 1 1231 1 0 0 0 0 0 1 1 0 0 0 0 X 20 18 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X Christine Sanchez 3106656800 9045 Lincoln Boulevard Los Angeles CA 90045 Bruce W Ferguson President/Ex Officio 37.50 X X 361040 0 11126 William Schaeffer VP Finance/Treasurer (thru 6/8/17) 37.50 X X 223490 0 23920 Gail Buchalter Chair 1.00 X 0 0 0 Rodney Freeman Vice Chair 1.00 X 0 0 0 Susan Crank Vice Chair (thru 1/1/17) 1.00 X 0 0 0 Bob McKnight Vice Chair (thru 5/25/17) 1.00 X 0 0 0 Lee Bartlett Trustee 1.00 X 0 0 0 Jennifer Bellah Maguire Trustee 1.00 X 0 0 0 Warren Breslow Trustee 1.00 X 0 0 0 Stephanie Cota Trustee 1.00 X 0 0 0 Clifford Einstein Trustee 1.00 X 0 0 0 Robert Feldman Trustee 1.00 X 0 0 0 Frederick Fisher Trustee 1.00 X 0 0 0 Bronya Galef Trustee 1.00 X 0 0 0 Bryant Garth Trustee 1.00 X 0 0 0 Elaine Goldsmith Trustee 1.00 X 0 0 0 Kirk Hyde Trustee 1.00 X 0 0 0 Thomas Miller Trustee 1.00 X 0 0 0 Mei-Lee Ney Trustee 1.00 X 0 0 0 Linda Platt Trustee 1.00 X 0 0 0 Kent Twitchell Trustee 1.00 X 0 0 0 Diane Ziering Trustee 1.00 X 0 0 0 Laura Kiralla VP Student Success & Dean of Student Affairs 37.50 X 150000 0 15100 Randall Lavender Provost 37.50 X 199040 0 26751 Jane Miyashiro VP Human Resources & Development 37.50 X 127490 0 17038 Susan Pollack VP Institutional Advancement 37.50 X 198240 0 10034 Kali Nikitas Chair, Graphic Design 37.50 X 153230 0 22170 Rosemary Brantley Chair, Fashion 37.50 X 248525 0 22486 Ankush Mahindra Chief Information Officer 37.50 X 151552 0 20415 Kathryn Phillips Chair, Foundation 37.50 X 144045 0 18274 Debra Ballard Chair, Liberal Arts and Sciences 37.50 X 139830 0 21118 2096482 0 208432 20 0 1 0 DPR Construction 4665 MacArthur Court 100 Newport Beach CA 92660 Construction Services 24017340 LE Waters Construction Company 6100 Wilshire Blvd 830 Los Angeles CA 90048 Construction Services 3617218 Structured Cable Technologies Inc 19744 Beach Blvd 203 Huntington Beach CA 92648 Data Networking Services 907894 Ehrlich Fisher Architects 10865 Washington Blvd Culver City CA 90232 Architectural & Construction Management 645288 All Care Industries Inc 16747 1/2 South Parkside Ave Cerritos CA 90703 Janitorial Services 299387 12 508751 50000 1510347 3958 2069098 TUITION AND FEES 611600 48418022 48418022 AUXILIARY ENTERPRISES 900099 2462267 2462267 50880289 723952 723952 48603293 22629 48684286 32091 -80993 -9462 -90455 -90455 104474 508751 391416 -286942 -286942 Other Income 900099 1286799 1286799 Perkins Loan Write-off 900099 -3100 -3100 1283699 54579641 50880289 0 1630254 13036696 13036696 1617536 364679 865607 387250 21145899 18121158 2720193 304548 1024362 773875 239691 10796 2509853 1866140 605002 38711 1597335 1159025 402738 35572 103294 4174 99120 120457 120457 105455 105455 1521590 761330 751979 8281 162713 73901 88812 1358870 870388 477143 11339 1386717 774933 611777 7 1766039 1644248 106312 15479 928339 777499 136883 13957 58490 48433 10036 21 1189874 1130380 47595 11899 2869231 2725770 114769 28692 257622 5302 252320 Student Medical Insuran 935662 935662 Equip Cost Under $1,000 385373 344965 40201 207 REPAIRS AND MAINTENANCE 324241 302379 19400 2462 Dues & Subscriptions 186493 94741 91733 19 216782 55411 161003 368 54808923 45871089 8068226 869608 3019666 3720983 5397215 1598319 1184941 594191 110300 73167 1200730 717708 96398978 18758356 64598491 77640622 20106621 21415226 2249084 2585983 92565 67715 3500000 3500000 101459613 111913914 9061801 6264077 9353757 9964750 24201286 33838379 0 1891493 42616844 51958699 X 40519068 40846424 8878880 9640943 9444821 9467848 58842769 59955215 101459613 111913914 -229282 1341728 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 15305785 25000 1814157 379339 276795 16488808 16178871 58151 -357649 372346 201242 15305785 16004612 871000 -131885 360151 204705 16178871 14414257 25000 2143706 340088 238263 16004612 13698900 22500 1283941 320824 270260 14414257 0.06060 0.56720 0.37220 0 0 3875677 3875677 73364612 8495861 64868751 1316306 584709 731597 17770353 9677786 8092567 72030 72030 77640622 Other Debt 457111 Capital Lease Obligation 1434382 1891493 X 43180096 1341728 391416 1733144 41446952 105455 13027234 13132689 54579641 42067650 400878 400878 41666772 105455 13036696 13142151 54808923 Part III, Line 1a: The College collections are made up of donated artwork of historical significance which are not recorded as assets and are held for educational and curatorial purposes. Each of the items is cataloged, preserved, and cared for, and activities verifying their existence and assessing their condition are performed continuously. The collections are subject to a policy that requires proceeds from their sales to be used to fund endowed scholarships. Part III, Line 4: Collections are: - held for public exhibition, education, or research in furtherance of public service rather than financial gain - protected, kept unencumbered, cared for, and preserved - subject to a donor policy that requires the proceeds from sales of collection items to be used to fund an Endowment Fund Part V, Line 4: Otis uses funds to establish scholarships and funded programs. The amount of earnings to be spent as scholarships depends on the following: 1. If donor letter is on file, follow the donor's intentions. 2. If no donor letter is on file, according to the Board of Trustees, spending should not exceed 4% (per year) of Beginning Principal Balance 3. The amount to spend on scholarships should not exceed the original principal unless specified by donor letter or Board of Trustees 4. Transfer Endowment Funds to Restricted Funds scholarships at the end of the year Part X, Line 2: The College recognizes the tax benefit from uncertain tax positions only if it is more likely than not that the tax positions will be sustained on examination by the tax authorities, based on the technical merits of the position. The tax benefit is measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. There were no uncertain tax positions as of June 30, 2017 and 2016. The College files an exempt organization return and applicable unrelated business income tax return in the U.S. federal jurisdiction and with the California Franchise Tax Board. Part XI, Line 2d - Other Adjustments: RECLASS SPECIAL EVENT EXPENSE 391,416. Part XI, Line 4b - Other Adjustments: STUDENT FINANCIAL AID 13,036,696. Loss from Sales of Assets Other than Inventory -9,462. Part XII, Line 2d - Other Adjustments: RECLASS SPECIAL EVENT EXPENSE 391,416. Loss from Sales of Assets Other than Inventory 9,462. Part XII, Line 4b - Other Adjustments: STUDENT FINANCIAL AID 13,036,696. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 OTIS PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS COLLEGE CLASS CATALOG THAT IS DISTRIBUTED TO STUDENTS FOR ENROLLMENT AS WELL AS AVAILABLE TO THE GENERAL PUBLIC. IN ADDITION, THE COLLEGE POSTS THIS INFORMATION ON ITS WEBSITE AND INCLUDES IT IN APPLICATION MATERIALS. Schedule E, Part I, Line 6 OTIS RECEIVED FEDERAL AWARDS FROM THE U.S. DEPARTMENT OF EDUCATION DURING THE YEAR, AND ADMINISTERS LOANS FOR THE PERKINS LOAN PROGRAM. Central America and the Carribean 0 0 Investments 2585983 0 0 0 0 0 0 2585983 0 2585983 1 0 0 0 0 0 Part I, Line 3 METHOD OF ACCOUNTING - ACCRUAL BASIS, INVESTMENTS Fashion Show 613225 508751 104474 391416 613225 508751 104474 391416 391416 -286942 1 Student Scholarships 969 13036696 Part I, Line 2: All student scholarships are posted to the student accounts by the Financial Aid Office and pay for tuition and fees. Per Otis policy, BFA/MFA scholarships do not exceed tuition and fees. X X X 1 0 0 0 0 0 0 1 0 Bruce W Ferguson President/Ex Officio 349040 0 0 0 12000 0 4375 0 6751 0 372166 0 0 0 William Schaeffer VP Finance/Treasurer (thru 6/8/17) 223490 0 0 0 0 0 15894 0 8026 0 247410 0 0 0 Laura Kiralla VP Student Success & Dean of Student 150000 0 0 0 0 0 15000 0 100 0 165100 0 0 0 Randall Lavender Provost 199040 0 0 0 0 0 20000 0 6751 0 225791 0 0 0 Susan Pollack VP Institutional Advancement 198240 0 0 0 0 0 3500 0 6534 0 208274 0 0 0 Kali Nikitas Chair, Graphic Design 153230 0 0 0 0 0 15419 0 6751 0 175400 0 0 0 Rosemary Brantley Chair, Fashion 158525 0 90000 0 0 0 15752 0 6734 0 271011 0 0 0 Ankush Mahindra Chief Information Officer 151552 0 0 0 0 0 10303 0 10112 0 171967 0 0 0 Kathryn Phillips Chair, Foundation 144045 0 0 0 0 0 11523 0 6751 0 162319 0 0 0 Debra Ballard Chair, Liberal Arts and Sciences 139830 0 0 0 0 0 14384 0 6734 0 160948 0 0 0 Part I, Line 4a WILLIAM SCHAEFFER RECEIVED SEVERANCE OF $56,750. Part I, Line 7 ANNUAL BONUS - IN ADDITION TO EMPLOYEE'S BASE SALARY, EMPLOYEE MAY RECEIVE A DISCRETIONARY ANNUAL BONUS. SUCH BONUS AND CRITERIA FOR ELIGIBILITY SHALL BE DETERMINED BY MANAGEMENT ON AN ANNUAL BASIS. A California Infrastructure and Economic Development Bank 630304653 2014-06-03 34912500 To refinance the 1999 CEFA Revenue Bonds 0 0 0 A 34912500 32743336 2169164 2016 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 A 0 1 0 0 1 0 0 0 1 A 1 Form 990, Part VI, Section A, line 2 Gail Buchalter and Warren Breslow have a family relationship. Form 990, Part VI, Section B, line 11b The full 990 is reviewed by the Vice President for Financial services. Then a form 990 without detailed schedule B is made available to the Board of Trustees for review and approval. Form 990, Part VI, Section B, line 12c The organization annually distributes a conflict of interest policy and questionnaire for board members to complete. The Board coordinator collects the questionnaires and provides to the VP of Finance who reviews them for any conflict of interest. Form 990, Part VI, Section B, line 15 The compensation of the President is initially determined using comparability data, either from a compensation survey, study or consultant. The board then approves the compensation of the President and any annual increases independently, without the participation of the interested person. The compensation of other key employees and officers is determined by the president using comparability data. The president determines compensation of the officers independently, without the participation of the officers. Form 990, Part VI, Section C, line 19 - Financial statements are available by request via mail or e-mail. - Governing documents and conflict of interest policy are not made available to the public.