2017-05-15T14:29:48-05:00 2016-06-30 910189318 MOSS ADAMS LLP 4747 EXECUTIVE DRIVE SUITE 1300 SAN DIEGO CA 92121 990 2015-07-01 132981115 OTIS COLLEGE OF ART AND DESIGN OTIS 3106656800 9045 LINCOLN BLVD LOS ANGELES CA 90045 WILLIAM SCHAEFFER VP OF ADMIN. AND FIN. SERVICES 3106656800 2017-05-11 1 PATRICIA J MAYER P00188643 8586271400 2017-05-11 2015 2021-01-29 14:40:06Z BRUCE W FERGUSON 9045 LINCOLN BLVD LOS ANGELES CA 90045 98714375 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. 19 18 1217 0 0 0 7651278 9070066 49527783 51955661 1129960 802880 -221015 -87441 58088006 61741166 13032753 13453834 0 0 25941049 27253399 47820 14046 909448 13708795 13486503 52730417 54207782 5357589 7533384 70016124 101459613 17407709 42616844 52608415 58842769 OTIS PREPARES DIVERSE STUDENTS OF ART AND DESIGN TO ENRICH OUR WORLD THROUGH THEIR CREATIVITY, THEIR SKILL, AND THEIR VISION. 0 0 45548400 13453834 51955661 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. 45548400 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 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 1 0 0 0 0 0 0 0 0 1 1987 0 1 1217 1 0 0 0 0 0 1 1 0 0 0 0 X 19 18 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X WILLIAM SCHAEFFER 3106656800 9045 LINCOLN BOULEVARD LOS ANGELES CA 90045 BRUCE W FERGUSON EFF 51115 PRESIDENT/EX OFFICIO 37.50 X X 237495 0 3938 GAIL BUCHALTER CHAIR 1.00 X 0 0 0 SUSAN CRANK VICE CHAIR 1.00 X 0 0 0 RODNEY FREEMAN VICE CHAIR 1.00 X 0 0 0 BOB MCKNIGHT VICE CHAIR 1.00 X 0 0 0 JENNIFER BELLAH MAGUIRE TRUSTEE 1.00 X 0 0 0 STEPHANIE COTA 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 LAWRENCE LYTTLE THRU 21516 TRUSTEE 1.00 X 0 0 0 THOMAS MILLER TRUSTEE 1.00 X 0 0 0 WINIFRED WHITE NEISSER THRU 91615 TRUSTEE 1.00 X 0 0 0 MEI-LEE NEY TRUSTEE 1.00 X 0 0 0 DIANE ZIERING TRUSTEE 1.00 X 0 0 0 WARREN BRESLOW TRUSTEE 1.00 X 0 0 0 ROGER WYETT THRU 111815 TRUSTEE 1.00 X 0 0 0 KENT TWITCHELL TRUSTEE 1.00 X 0 0 0 LEE BARTLETT TRUSTEE 1.00 X 0 0 0 LAURA KIRALLA VP STUDENT SUCCESS & DEAN OF STUDENT AFFAIRS 37.50 X 132071 0 13318 RANDALL LAVENDER PROVOST 37.50 X 190704 0 25913 WILLIAM SCHAEFFER VP ADMIN. & FININCIAL SERVICES 37.50 X 216554 0 44708 SUSAN POLLACK EFF 92815 VP INSTITUTIONAL ADVANCEMENT 37.50 X 43714 0 1429 JANE MIYASHIRO VP HUMAN RESOURCES & DEVELOPMENT 37.50 X 112500 0 16082 KALI NIKITAS CHAIR, GRAPHIC DESIGN 37.50 X 151911 0 21963 ROSEMARY BRANTLEY CHAIR, FASHION 37.50 X 142092 0 21046 DEBRA ANN BALLARD CHAIR, LIBERAL ARTS & SCIENCE 37.50 X 130356 0 22652 MARGARET CRANSTON CHAIR, FINE ARTS 37.50 X 117812 0 17517 CHRISTOPHER WARNER ASSOCIATE PROFESSOR 37.50 X 113546 0 19260 KERRY WALK THRU 51115 PRESIDENT/EX OFFICIO 37.50 X 144356 0 13538 1733111 0 221364 18 1 1 0 DPR CONSTRUCTION 4665 MACARTHUR COURT 100 NEWPORT BEACH CA 92660 CONSTRUCTION SERVICES 14345286 EHRLICH FISHER ARCHITECTS 10865 WASHINGTON BLVD CULVER CITY CA 90232 ARCHITECTURAL & CONSTRUCTION MANAGEMENT 1245996 ULTIMATE CONSULTING IT LLC PO BOX 38 LEBANON GA 30146 INFORMATION TECHNOLOGY CONSULTING 345500 ALL CARE INDUSTRIES INC 16747 1/2 SOUTH PARKSIDE AVE CERRITOS CA 90703 JANITORIAL SERVICES 234780 APPLE ONE PO BOX 29048 GLENDALE CA 91209 TEMPORARY STAFFING SERVICES 206150 14 643093 84500 8342473 7111292 9070066 TUITION AND FEES 611600 50201049 50201049 AUXILIARY ENTERPRISES 900099 1754612 1754612 51955661 1281140 1281140 36071836 28759 36431034 147821 -359198 -119062 -478260 -478260 107017 643093 394354 -287337 -287337 OTHER INCOME 900099 199896 199896 199896 61741166 51955661 0 715439 13453834 13453834 1329147 365680 628299 335168 20979652 17853759 2782369 343524 1034927 768984 248721 17222 2334975 1725974 570048 38953 1574698 1138749 393797 42152 289717 125068 164649 135407 135407 14046 14046 124704 124704 1544276 783934 759318 1024 233361 101186 131834 341 1382964 886270 479364 17330 1013215 517171 495855 189 3598564 3409864 168868 19832 1078937 890622 132376 55939 75727 68468 7241 18 1887801 1755654 113268 18879 231870 2900 228970 STUDENT MEDICAL INSURAN 1051289 1051289 REPAIRS AND MAINTENANCE 262043 235826 24587 1630 EQUIP COST UNDER $1,000 254419 223084 28783 2552 DUES & SUBSCRIPTIONS 183147 138579 43989 579 139062 51505 87487 70 54207782 45548400 7749934 909448 4489759 3019666 1992679 5397215 1867305 1184941 155767 110300 1501585 1200730 80752170 16153679 31323008 64598491 22912037 20106621 2182616 2249084 91368 92565 3500000 3500000 70016124 101459613 6033261 9061801 9205284 9353757 2169164 24201286 17407709 42616844 X 33457460 40519068 9766611 8878880 9384344 9444821 52608415 58842769 70016124 101459613 7533384 -1299030 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 16178871 58151 -357649 372346 201242 15305785 16004612 871000 -131885 360151 204705 16178871 14414257 25000 2143706 340088 238263 16004612 13698900 22500 1283941 320824 270260 14414257 14019825 228970 189133 445133 293895 13698900 0.06000 0.61000 0.33000 0 0 3875677 3875677 19139463 7510513 11628950 1316306 481425 834881 11168905 8161741 3007164 45251819 45251819 64598491 X 47377014 -1299030 394354 -904676 48281690 124704 13334772 13459476 61741166 41142660 513416 513416 40629244 124704 13453834 13578538 54207782 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, 2016 AND 2015. 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 394,354. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 13,453,834. LOSS FROM SALES OF ASSETS OTHER THAN INVENTORY -119,062. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS SPECIAL EVENT EXPENSE 394,354. LOSS FROM SALES OF ASSETS OTHER THAN INVENTORY 119,062. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 13,453,834. 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 2249084 0 0 0 0 0 0 2249084 0 2249084 1 0 0 0 0 0 PART I, LINE 3 METHOD OF ACCOUNTING - ACCRUAL BASIS, INVESTMENTS FASHION SHOW 750110 643093 107017 394354 750110 643093 107017 394354 394354 -287337 1 0 0 STUDENT SCHOLARSHIPS 1014 13453834 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. 1 X X X X 0 0 0 0 0 0 0 1 0 BRUCE W FERGUSON EFF 51115 PRESIDENT/EX OFFICIO 210270 0 0 0 27225 0 0 0 3938 0 241433 0 0 0 RANDALL LAVENDER PROVOST 190704 0 0 0 0 0 19161 0 6752 0 216617 0 0 0 WILLIAM SCHAEFFER VP ADMIN. & FININCIAL SERVICES 216554 0 0 0 0 0 15824 0 28884 0 261262 0 0 0 KALI NIKITAS CHAIR, GRAPHIC DESIGN 151211 0 700 0 0 0 15211 0 6752 0 173874 0 0 0 ROSEMARY BRANTLEY CHAIR, FASHION 141392 0 700 0 0 0 14294 0 6752 0 163138 0 0 0 DEBRA ANN BALLARD CHAIR, LIBERAL ARTS & SCIENCE 129656 0 700 0 0 0 13580 0 9072 0 153008 0 0 0 KERRY WALK THRU 51115 PRESIDENT/EX OFFICIO 131570 0 0 0 12786 0 10204 0 3334 0 157894 0 0 0 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 24201286 10711214 0 1 0 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 X 2 7111292 COST/SELLING PRICE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 GAIL BUCHALTER AND WARREN BRESLOW HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE FULL 990 IS REVIEWED BY THE CONTROLLER AND THE VICE PRESIDENT FOR FINANCIAL AND ADMINISTRATIVE 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 WATCHES FOR ANYTHING THAT LOOKS/COULD BE A CONFLICT; ANYTHING THAT FALLS INTO THIS CATEGORY IS IMMEDIATELY INVESTIGATED. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE PRESIDENT IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. 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. ATTACHMENT TO FORM 926 OTIS COLLEGE OF ART AND DESIGN EIN # 13-2981115 FOR THE TAX YEAR ENDING 6/30/16 ATTACHMENT TO FORM 926 1. TRANSFEROR. OTIS COLLEGE OF ART AND DESIGN 13-2981115 9045 LINCOLN BLVD., LOS ANGELES, CA 90045 2. TRANSFEREE. I. HIRTLE CALLAGHAN PRIVATE EQUITY OFFSHORE FUND IX LTD. 98-1159136 PO BOX 309 GT, UGLAND HOUSE,SOUTH CHURCH STREET GEORGE TOWN, GRAND CAYMAN, CAYMAN ISLANDS II. DURING THE YEAR, THE TAXPAYER TRANSFERRED A TOTAL OF $136,979 IN CASH TO HIRTLE CALLAGHAN PRIVATE EQUITY OFFSHORE FUND IX LTD., A CORPORATION INCORPORATED IN THE CAYMAN ISLANDS, IN EXCHANGE FOR A SMALL PERCENT INTEREST IN THE CORPORATION THAT QUALIFIED AS A CODE SECTION 351 TRANSFER. 3. CONSIDERATION RECEIVED. OWNERSHIP INTEREST IN THE TRANSFEREE 4. PROPERTY TRANSFERRED. I. ACTIVE BUSINESS PROPERTY. THE PROPERTY TRANSFERRED TO THE FOREIGN CORPORATION WAS $136,979 IN CASH. II. STOCK OR SECURITIES. NOT APPLICABLE III. DEPRECIATED PROPERTY. NOT APPLICABLE IV. PROPERTY TO BE LEASED. NOT APPLICABLE V. PROPERTY TO BE SOLD. NOT APPLICABLE VI. TRANSFERS TO FSCS NOT APPLICABLE VII. TAINTED PROPERTY. A. INVENTORY, ETC. PROPERTY DESCRIBED IN 1.367(A)-5T(B). NOT APPLICABLE B. INSTALLMENT OBLIGATIONS, ETC. PROPERTY DESCRIBED IN 1.367(A)-5T(C). NOT APPLICABLE C. FOREIGN CURRENCY, ETC. PROPERTY DESCRIBED IN 1.367(A)-5T(D). NOT APPLICABLE D. INTANGIBLE PROPERTY. PROPERTY DESCRIBED IN 1.367(A)-5T(E). NOT APPLICABLE E. LEASED PROPERTY. PROPERTY DESCRIBED IN 1.367(A)-4T(F). NOT APPLICABLE VIII. FOREIGN LOSS BRANCH. NOT APPLICABLE IX. OTHER INTANGIBLES NOT APPLICABLE 5. TRANSFER OF FOREIGN BRANCH WITH PREVIOUSLY DEDUCTED LOSSES. I. BRANCH OPERATION. NOT APPLICABLE II. BRANCH PROPERTY. NOT APPLICABLE III. PREVIOUSLY DEDUCTED LOSSES. NOT APPLICABLE IV. CHARACTER OF GAIN. NOT APPLICABLE 6. APPLICATION OF SECTION 367(A)(5). NOT APPLICABLE