2018-03-16T14:46:31-05:00 2017-05-31 420714325 RSM US LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2016-06-01 270717860 TCS Education System TCSE 3123791699 350 North Orleans No 1050 Chicago IL 60654 Mehul Patel Corporate Treasurer/CFO 3123791699 2018-03-15 1 Wayne Harder P00294296 3126343400 69.174.87.76 2018-03-15 16:40:40 CD P 4B8E1423B9F197D509CCF13AB357181C17C415CB E8306AB20C0160E8154E0B2ED0E8D71D75EF1DFE 2016 2021-01-29 14:40:06Z Michael Horowitz 350 North Orleans No 1050 Chicago IL 60654 39516560 0 X www.TCSEdSystem.edu X 2009 IL TCS Education System prepares innovative, engaged, purposeful agents of change who serve our global community. 15 14 206 16 0 0 57025 43341 34762792 39211696 2203 0 68843 261523 34890863 39516560 0 0 0 0 17460853 19818285 0 0 651 15326345 18041923 32787198 37860208 2103665 1656352 44781892 47629485 8330989 9522230 36450903 38107255 TCS Education System prepares innovative, engaged, purposeful agents of change who serve our global community. 0 0 20199361 39211696 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. 20199361 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 0 0 0 1 0 0 0 0 1 1 1 0 0 1 67 0 1 206 1 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X Mehul Patel 3123791699 350 North Orleans Suite 1050 Chicago IL 60654 Edward Bergmark Board Chair 2.00 10.00 X 0 0 0 Richard Chaifetz Vice Chair 2.00 14.00 X 0 0 0 George Mitchell Vice Chair 2.00 14.00 X 0 0 0 Allen Cizner Trustee 2.00 2.00 X 0 0 0 Steven Cohen Trustee 2.00 2.00 X 0 0 0 Dorothy Farris Trustee 2.00 2.00 X 0 0 0 William Houston Trustee 2.00 0.00 X 0 0 0 Kevin Kotecki Trustee 2.00 0.00 X 0 0 0 Terrence Layng Trustee 2.00 8.00 X 0 0 0 Renee Levi Trustee 2.00 2.00 X 0 0 0 Steven Nakisher Trustee 2.00 10.00 X 0 0 0 Douglas Patinkin Trustee 2.00 0.00 X 0 0 0 Mary Pattiz Trustee 2.00 10.00 X 0 0 0 Patricia Potter Trustee 2.00 10.00 X 0 0 0 Mary Tudela Trustee (until 8/1/16) 2.00 2.00 X 0 0 0 Michael Horowitz Corporate President/Trustee 24.00 16.00 X X 1044992 0 272027 Jennifer DeMay Corporate Secretary 24.00 16.00 X 275688 0 36624 Shari Mikos Assistant Corporate Secretary 24.00 16.00 X 170577 0 13467 Mehul Patel Corporate Treasurer/CFO 24.00 16.00 X 166851 0 13468 Deborah Markos Chief Operating Officer 40.00 0.00 X 315711 0 20575 Donald Packham Chief Human Resources Officer 28.00 12.00 X 268070 0 30402 Eileen Heveron Chief Academic Officer 38.00 2.00 X 252719 0 28432 Richard Merrick Chief Information Officer 40.00 0.00 X 222212 0 16056 John Reginald Dennis VP of Marketing 40.00 0.00 X 196757 0 30706 Stacy Klein VP of Enrollment Services 40.00 0.00 X 181434 0 24540 Gregory Beno Associate VP Accounting & Controller 40.00 0.00 X 173712 0 12665 Richard Aldridge Associate VP of IT Services 40.00 0.00 X 155047 0 27922 Emily Brinkmoeller Karem VP of Global Engagement 40.00 0.00 X 154794 0 22682 Kenneth Maher Former Chief Financial Officer 40.00 0.00 X 236612 0 14441 3815176 0 564007 32 1 1 0 RSM US LLP 1 S Wacker Drive Suite 800 Chicago IL 60606 Audit/Tax 312144 ScholarBuys LLC 11 W Main Street Carpentersville IL 60110 Information Technology 236047 Insight Global LLC PO Box 198226 Atlanta GA 30384 Staffing Agency 127520 3 43341 26640 43341 Management Fees 611310 39211696 39211696 39211696 261523 261523 261523 39516560 39211696 0 261523 3398924 1397278 2001646 12530442 5151191 7379251 1207305 357581 849724 1618341 691171 927170 1063273 497219 566054 279212 122182 157030 145380 145380 243700 243700 9406766 9376161 30605 226545 96636 129258 651 3654684 17594 3637090 1358047 860494 497553 741813 346983 394830 249524 51571 197953 1205238 1205238 23125 23125 Dues/Subscriptions 40848 9137 31711 Student Services 7511 467 7044 459530 18458 441072 37860208 20199361 17660196 651 506824 3265023 113258 78673 3411596 4992600 2292111 3267231 15682597 10547031 2151333 5135566 1385443 1784698 32163128 31863893 44781892 47629485 6044971 6987263 2286018 2534967 8330989 9522230 X 5142225 6798579 31308678 31308676 36450903 38107255 44781892 47629485 1656352 0 X 0 1 X 1 0 X X X 8 The Chicago School of Professional Psychology 363005527 2 1 0 0 Pacific Oaks Education Corporation 951716809 2 1 0 0 Santa Barbara and Ventura Colleges of Law 952592468 2 1 0 0 TCS Education - Texas Inc 364769956 2 1 0 0 Saybrook University 942155109 2 1 0 0 TCSPP Counseling Centers 952556403 2 1 0 0 The Chicago School - Washington DC Inc 800477644 2 1 0 0 The Chicago School - California Inc 900394713 2 1 0 0 8 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 996365 996365 2372298 20998 2351300 865890 818273 47617 5531648 4617134 914514 5916396 5090626 825770 5135566 Due From Affiliates 555215 Fair Value of Net Assets through (or resulting from) Affiliation 31308678 31863893 Deferred Rent 438813 Retirement Plan Liabilities 1784698 Long Term Debt 311456 2534967 X Part X, Line 2: TCS Education System has received notification that it qualifies as a tax-exempt organization under Section 501(c)(3) of the US 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, TCS Education 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 TCS Education 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, 2017. TCS Education System annually files Form 990 in the US federal jurisdiction and in the States of Illinois and California. TCS Education System's Form 990 for fiscal year 2014 and subsequent years are subject to examination by the Internal Revenue Service. East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 Program Services Information Technology 17800 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 2 Program Services Consulting/Study Abroad Liaison 49861 North America 0 0 Program Services Information Technology 3075 South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, 0 2 Program Services Consulting/Study Abroad Liaison 62742 South Asia 0 0 Program Services Recruiting 24186 Sub-Saharan Africa - Angola, Benin, Botswana, Burkina, Faso, 0 1 Program Services Consulting/Study Abroad Liaison 28062 0 5 0 0 0 5 185726 0 185726 0 0 0 0 0 0 X X X 1 1 X X X X X 1 1 0 0 0 0 0 1 0 Michael Horowitz Corporate President/Trustee 581073 0 417000 0 46919 0 218393 0 53634 0 1317019 0 0 0 Jennifer DeMay Corporate Secretary 220608 0 55080 0 0 0 19992 0 16632 0 312312 0 0 0 Shari Mikos Assistant Corporate Secretary 137577 0 33000 0 0 0 12295 0 1172 0 184044 0 0 0 Mehul Patel Corporate Treasurer/CFO 153351 0 13500 0 0 0 8241 0 5227 0 180319 0 0 0 Deborah Markos Chief Operating Officer 257086 0 58625 0 0 0 3871 0 16704 0 336286 0 0 0 Donald Packham Chief Human Resources Officer 215285 0 52785 0 0 0 19156 0 11246 0 298472 0 0 0 Eileen Heveron Chief Academic Officer 201719 0 51000 0 0 0 16999 0 11433 0 281151 0 0 0 Richard Merrick Chief Information Officer 178462 0 43750 0 0 0 15555 0 501 0 238268 0 0 0 John Reginald Dennis VP of Marketing 170747 0 26010 0 0 0 14226 0 16480 0 227463 0 0 0 Stacy Klein VP of Enrollment Services 158934 0 22500 0 0 0 13107 0 11433 0 205974 0 0 0 Gregory Beno Associate VP Accounting & Controller 157712 0 16000 0 0 0 12144 0 521 0 186377 0 0 0 Richard Aldridge Associate VP of IT Services 140359 0 14688 0 0 0 11488 0 16434 0 182969 0 0 0 Emily Brinkmoeller Karem VP of Global Engagement 134139 0 20655 0 0 0 11581 0 11101 0 177476 0 0 0 Kenneth Maher Former Chief Financial Officer 102237 0 0 0 134375 0 0 0 14441 0 251053 0 0 0 Part I, Line 1a During the 2016 calendar year, TCS Education System provided the following benefits to Dr. Michael Horowitz: - taxable housing allowance of $36,000 - non-taxable travel for companions of $1,790 - non-taxable health and social club dues of $3,980 Part I, Lines 4a-b Line 4a: Kenneth Maher, former Chief Financial Officer, received severance payments in the amount of $134,375 in calendar year 2016. Line 4b: Dr. Michael Horowitz is vested in a 457(f) plan, for which the calendar year 2016 contributions from TCS Education System totaled $147,393. 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. X Event Tickets 6 26640 FMV 0 0 0 0 Part I, Column (b): is the number of contributions. 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 or the Corporate Risk and Compliance Committee "CRCC" 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 or CRCC, 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 committe 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, in conjunction with TCS Education System, 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 (Aon Hewitt Associates) 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 of Professional Psychology 325 North Wells Chicago IL 60654 363005527 Education IL 501(c)(3) Line 2 The Chicago School - California Inc 1 TCSPP Counseling Centers 1990 Westwood Blvd Suite 330 Los Angeles CA 90025 952556403 Education CA 501(c)(3) Line 2 The Chicago School - California Inc 1 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 - California Inc 617 W 7th Street Los Angeles CA 90017 900394713 Education CA 501(c)(3) Line 2 TCS Education System 1 Pacific Oaks Education Corporation 55 Eureka Street Pasadena CA 91103 951716809 Education CA 501(c)(3) Line 2 TCS Education System 1 Santa Barbara & Ventura Colleges of Law 4475 Market Street Ventura CA 93003 952592468 Education CA 501(c)(3) Line 2 TCS Education System 1 TCS Education - Texas Inc 350 N Orleans Chicago IL 60654 364769956 Education TX 501(c)(3) Line 2 TCS Education System 1 Saybrook University 475 14th Street Oakland CA 94612 942155109 Education CA 501(c)(3) Line 2 TCS Education System 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 Santa Barbara & Ventura Colleges of Law P 139591 Actual Santa Barbara & Ventura Colleges of Law Q 830121 Actual Santa Barbara & Ventura Colleges of Law R 1623717 Actual Santa Barbara & Ventura Colleges of Law S 2324885 Actual TCS Education - Texas Inc P 1635989 Actual TCS Education - Texas Inc Q 1353865 Actual TCS Education - Texas Inc R 1800682 Actual TCS Education - Texas Inc S 1521718 Actual Pacific Oaks Education Corporation P 163962 Actual Pacific Oaks Education Corporation Q 6311259 Actual Pacific Oaks Education Corporation R 5791846 Actual Pacific Oaks Education Corporation S 12036357 Actual Saybrook University P 79300 Actual Saybrook University Q 3454922 Actual Saybrook University R 4955081 Actual Saybrook University S 8397968 Actual The Chicago School - California Inc P 2759173 Actual The Chicago School - California Inc Q 31453581 Actual The Chicago School - California Inc R 11432135 Actual The Chicago School - California Inc S 40249652 Actual