2016-03-22T11:15:40-05:00 2015-06-30 910189318 MOSS ADAMS LLP 3121 W MARCH LN STE 200 STOCKTON CA 952192367 990 2014-07-01 951921340 ART CENTER COLLEGE OF DESIGN ARTC 6263962200 1700 LIDA ST PASADENA CA 91103 RICHARD HALUSCHAK SENIOR VP & CFO 6263962200 2016-03-05 1 TRACY S PAGLIA P00366884 2099556100 2016-03-05 2014 2016-08-17 19:52:53Z LORNE BUCHMAN 1700 LIDA ST PASADENA CA 91103 191081133 0 X 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 1919 140 14 -3876 29744025 8431502 91434784 96361268 -16812 -11149636 -111832 495268 121050165 94138402 41205990 19160014 0 0 48111548 50103805 83761 201005 1520365 28807756 30152953 118209055 99617777 2841110 -5479375 204640473 232862178 67626880 90177958 137013593 142684220 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 93031080 19160014 96361268 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 2014 TO JUNE 2015 WAS APPROXIMATELY 4,808 STUDENTS. 93031080 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 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 732 0 1 1919 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 1 1 CA X DIANE WITTENBERG 6263962326 1700 LIDA ST PASADENA CA 91103 ROBERT C DAVIDSON JR CHAIRMAN 1.00 X X 0 0 0 CARL BASS TRUSTEE 1.00 X 0 0 0 DOUGLAS C BOYD TRUSTEE 1.00 X 0 0 0 LORNE M BUCHMAN PRESIDENT/CEO 39.60 0.40 X X 543178 0 41659 WILLIAM T GROSS TRUSTEE 1.00 X 0 0 0 KIT HINRICHS TRUSTEE 1.00 X 0 0 0 TIMOTHY M KOBE TRUSTEE 1.00 X 0 0 0 GEORGE H LADYMAN TRUSTEE/FIRST VICE CHAIR 1.00 X X 0 0 0 SAMUEL J MANN TRUSTEE 1.00 X 0 0 0 PETER W MULLIN TRUSTEE 1.00 X 0 0 0 REINER M TRILTSCH TRUSTEE/TREASURER 1.00 X X 0 0 0 JUDY C WEBB TRUSTEE 1.00 X 0 0 0 ALYCE DE ROULET WILLIAMSON TRUSTEE 1.00 X 0 0 0 RONALD I BENSION TRUSTEE 1.00 X 0 0 0 WESLEY A COLEMAN TRUSTEE 1.00 X 0 0 0 JEFFREY L GLASSMAN TRUSTEE/SECRETARY 1.00 X X 0 0 0 LINDA M GRIEGO TRUSTEE 1.00 X 0 0 0 CHARLES FLOYD JOHNSON TRUSTEE 1.00 X 0 0 0 MOLLY M MORGAN TRUSTEE 1.00 X 0 0 0 CHARLES E NEARBURG TRUSTEE 1.00 X 0 0 0 LINDA A HILL TRUSTEE 1.00 X 0 0 0 GREG SILVERMAN TRUSTEE 1.00 X 0 0 0 BRUCE HEAVIN TRUSTEE 1.00 X 0 0 0 JEFFREY C BARBAKOW TRUSTEE 1.00 X 0 0 0 TERRI KOHL TRUSTEE 1.00 X 0 0 0 MELISSA LORA TRUSTEE 1.00 X 0 0 0 DAVID C MARTIN TRUSTEE 1.00 X 0 0 0 RICHARD M HOLBROOK TRUSTEE 1.00 X 0 0 0 RICHARD HALUSCHAK SR. VICE PRESIDENT & CFO 40.00 X 252094 0 17386 MARK BREITENBERG SPECIAL ASSISTANT TO THE PRESIDENT 24.00 16.00 X 205872 0 26962 FRED FEHLAU PROVOST 40.00 X 262665 0 24382 GEORGE FALARDEAU SR. VICE PRESIDENT 40.00 X 203140 0 20570 CATHERINE BARON SR. VICE PRESIDENT 40.00 X 176235 0 24670 NIKOLAS HAFERMAAS CHAIR/EXECUTIVE DIRECTOR 40.00 X 209632 0 39800 ANDREW OGDEN CHAIR 40.00 X 205143 0 17838 DAVID MOCARSKI CHAIR 40.00 X 205561 0 28147 ROSS LAMANNA CHAIR 40.00 X 204448 0 39646 TIM FLATTERY CHAIR 40.00 X 183275 0 15148 ARWEN DUFFY SR. VICE PRESIDENT (THROUGH 05/2014) 40.00 X 125314 0 9617 2776557 0 305825 95 1 1 0 MATT CONSTRUCTION CORP 9814 NORWALK BLVD 100 SANTA FE SPRINGS CA 90670 CONSTRUCTION 3989801 UNIVERSAL PROTECTION SERVICE LP 639 WILSHIRE BLVD LOS ANGELES CA 90017 SECURITY 1355625 HALSTED CONSTRUCTION INC 4180 KLUMP AVE STUDIO CITY CA 91602 CONSTRUCTION 1121099 SPECIALTY SERVICES 45 LAPORTE ST ARCADIA CA 91006 JANITORIAL 569008 STANDARD PARKING 3470 WILSHIRE BLVD LOS ANGELES CA 90010 SHUTTLE/VALET SERVICES 525013 31 186423 8245079 687833 8431502 TUITION AND FEES 611600 95122452 95122452 AUXILIARY SERVICES 611600 1238816 1238816 96361268 1609464 14 1609450 229 229 951185 366497 584688 584688 584688 83667520 96426849 -12759329 -12759329 -12759329 59965 186423 149385 -89420 -89420 94138402 96361268 14 -10654382 19160014 19160014 1830922 486235 1344687 37814261 35723132 1452068 639061 2776795 2623238 106629 46928 4818684 4552211 185037 81436 2863143 2704811 109945 48387 229062 229062 163833 163833 201005 201005 329663 329663 4553233 4301439 174844 76950 167166 157922 6419 2825 8113703 7665015 311566 137122 1753964 1656970 67352 29642 4183855 3932220 174734 76901 1197108 1130908 45969 20231 62251 58809 2390 1052 931391 879885 35765 15741 2780185 2626441 106759 46985 1926488 1819953 73977 32558 UBIT 17227 16274 662 291 BOND DEBT FEES 1657396 1565742 63644 28010 LOSS ON DEFEASANCE OF B 949255 896762 36451 16042 UNCOLLECTIBLE ACCOUNTS 594491 561616 22828 10047 542682 511483 22048 9151 99617777 93031080 5066332 1520365 8659 50954 16313244 21412473 6115249 6364772 5656750 4985204 75450 117828 911937 927143 103709764 18707597 58328461 85002167 97649981 93335717 12315201 12712086 1067566 1048437 6197975 6905397 204640473 232862178 11130195 14372125 10624799 10634057 45680000 64945000 191886 226776 67626880 90177958 X 57477600 62733178 32344333 31638564 47191660 48312478 137013593 142684220 204640473 232862178 X -5479375 13163976 -2013974 X 0 1 X 1 1 1 X 30622288 27937786 33951960 29744025 8431502 130687561 30622288 27937786 33951960 29744025 8431502 130687561 1662262 129025299 1714638 1620675 1609873 1539671 2560864 9045721 139733282 427403197 0.92340 0.92710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 85148000 2546000 1784000 2713000 156000 86609000 69706000 4989000 13125000 2349000 323000 85148000 58480000 5626000 7910000 2156000 154000 69706000 50393000 10213000 -289000 1712000 125000 58480000 42039000 1263000 9743000 1500000 1023000 129000 50393000 0.25860 0.55560 0.18580 1 0 9979957 9979957 87213895 17037246 70176649 2305704 885854 1419850 4210208 784497 3425711 85002167 CHARITABLE GIFT ANNUITY 113931 F MAVERICK STABLE FUND 12598155 F 12712086 FEDERAL LOANS 226776 226776 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, 2015 OR 2014. 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) AND AWARDS ARE MADE BASED UPON THE CRITERIA ESTABLISHED BY THE GOVERNMENTAL AGENCY. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES COSTA RICA SUSTAINABILITY DESIGN 35000 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES TAMA STUDY ABROAD SEMESTER - #00192, #00251, & ASIA ALUMNI EVENTS 226000 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES NISTUDY ABROAD TRIPS - #00262, #00274 & DESIGNMATTERS 335000 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STUDY ABROAD RESEARCH PROJECT - UGANDA FIELD CORE PROJECT #00306 150000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 12693631 0 0 0 0 0 0 13439631 0 13439631 0 0 1 0 1 0 X X X X X X X 1 GRENZEBACH GLIER & ASSOCIATES INC 401 N MICHIGAN AVENUE CHICAGO IL 60611 FUNDRAISING PROGRAM CONSULTING 0 0 5252 -5252 MARTS & LUNDY 1200 WALL ST WEST LYNDHURST NJ 07071 FUNDRAISING PROGRAM CONSULTING 0 0 30975 -30975 INTERSECTION STUDIO INC 4120 MICHAEL AVENUE LOS ANGELES CA 90066 COMMUNICATIONS CONSULTING 0 0 164778 -164778 201005 -201005 CA CAR CLASSIC 117340 83150 34190 23869 10185 49149 FUNDRAISING DINNER 129048 103273 25775 35593 12318 18271 246388 186423 59965 59462 22503 67420 149385 -89420 1 UNDERGRADUATE SCHOLARSHIPS 1882 16633273 GRADUATE SCHOLARSHIPS 147 1800794 STUDENT SPECIAL CIRCUMSTANCE TUITION WAIVERS - MEDICAL 12 98898 EDUCATION PROGRAM TUITION DISCOUNTS 394 627049 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 0 0 0 0 0 0 0 0 0 LORNE M BUCHMAN PRESIDENT/CEO 523452 0 0 0 19726 0 19851 0 21808 0 584837 0 0 0 RICHARD HALUSCHAK SR. VICE PRESIDENT & CFO 252094 0 0 0 0 0 17386 0 0 0 269480 0 0 0 MARK BREITENBERG SPECIAL ASSISTANT TO THE PRESIDENT 205872 0 0 0 0 0 16653 0 10309 0 232834 0 0 0 FRED FEHLAU PROVOST 262665 0 0 0 0 0 18317 0 6065 0 287047 0 0 0 GEORGE FALARDEAU SR. VICE PRESIDENT 203140 0 0 0 0 0 14788 0 5782 0 223710 0 0 0 CATHERINE BARON SR. VICE PRESIDENT 176235 0 0 0 0 0 14361 0 10309 0 200905 0 0 0 NIKOLAS HAFERMAAS CHAIR/EXECUTIVE DIRECTOR 209632 0 0 0 0 0 17992 0 21808 0 249432 0 0 0 ANDREW OGDEN CHAIR 205143 0 0 0 0 0 17838 0 0 0 222981 0 0 0 DAVID MOCARSKI CHAIR 205561 0 0 0 0 0 17838 0 10309 0 233708 0 0 0 ROSS LAMANNA CHAIR 204448 0 0 0 0 0 17838 0 21808 0 244094 0 0 0 TIM FLATTERY CHAIR 183275 0 0 0 0 0 15148 0 0 0 198423 0 0 0 ARWEN DUFFY SR. VICE PRESIDENT (THROUGH 05/2014) 125314 0 0 0 0 0 5414 0 4203 0 134931 0 0 0 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 890000 45680000 45680000 1 0 1 1 B 395000 20550000 1972000 254358 18324000 2015 0 0 0 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: 07/27/2015 ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/27/2015 X 0 VALUE NOT ASSIGNED X 0 VALUE NOT ASSIGNED X 10 687833 HIGH/LOW AVG. OF FMV X FURNITURES 4 0 VALUE NOT ASSIGNED 0 0 1 0 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 11 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 -1,925,974. ACTUARIAL ADJUSTMENT -88,000. THE DESIGN ACCELERATOR INC 1700 LIDA STREET PASADENA CA 91103 462703937 COMPUTER SYSTEM DESIGN CA ART CENTER COLLEGE OF DESIGN C 23 24278 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 THE DESIGN ACCELERATOR INC O 228242 FMV THE DESIGN ACCELERATOR INC D 75000 FMV