2015-01-23T09:07:59-06:00 2014-05-31 420714325 MCGLADREY LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2013-06-01 270717860 TCS Education System TCSE 3123791699 350 North Orleans No 1050 Chicago IL 60654 Glenn Renzulli Corporate Treasurer 3123791699 2015-01-23 1 Wayne Harder P00294296 3126343400 2013 2016-04-25 22:37:26Z Michael Horowitz 350 North Orleans No 1050 Chicago IL 60654 32154519 0 X www.TCSEdSystem.edu X 2009 IL TCS Education System prepares innovative, purposeful agents of change who serve our global community. 19 17 196 19 0 0 16650 34000 29650300 31984674 2643 727 0 135118 29669593 32154519 0 0 0 0 15380552 16512182 0 0 0 12875965 13894100 28256517 30406282 1413076 1748237 31297319 41152656 7564781 8641555 23732538 32511101 TCS Education System (TCS ES) prepares and engages innovative, purposeful agents of change who serve our global community. 0 0 15357433 31984674 TCS Education System provides administration and support services to affiliated 501(c)(3) educational institutions. Supporting functions include human resources, finance, accounting, information technology, administration, marketing, student services, facilities, and student accounts. 15357433 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 1 0 0 0 0 1 1 1 1 0 0 1 34 0 1 196 1 0 0 0 0 0 0 0 0 0 0 0 X 19 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X Glenn Renzulli 3124886047 350 North Orleans Suite 1050 Chicago IL 60654 Ricardo Grunsten Board Chair 4.00 2.00 X 0 0 0 Edward Bergmark Vice Chair 4.00 8.00 X 0 0 0 Richard Chaifetz Trustee 4.00 8.00 X 0 0 0 Dean Chung Trustee 2.00 2.00 X 0 0 0 Allen Cizner Trustee 4.00 2.00 X 0 0 0 Steven Cohen Trustee 2.00 0.00 X 0 0 0 Dorothy Farris Trustee 4.00 2.00 X 0 0 0 Linda Havard Vice Chair 2.00 8.00 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 4.00 X 0 0 0 Renee Levi Trustee 2.00 2.00 X 0 0 0 George Mitchell 2nd Vice Chair 2.00 8.00 X 0 0 0 Steven Nakisher Trustee 2.00 0.00 X 0 0 0 Douglas Patinkin Trustee 2.00 0.00 X 0 0 0 Mary Pattiz Trustee 2.00 6.00 X 0 0 0 Matthew Sauer Trustee 4.00 0.00 X 0 0 0 Mary Tudela Trustee 4.00 4.00 X 0 0 0 Charles McClintock Trustee 2.00 2.00 X 0 0 0 Michael Horowitz Trustee/Corporate Presiden 26.00 14.00 X X 942542 0 228505 Jennifer DeMay Corporate Secretary 26.00 14.00 X 223260 0 30360 LaKeisha Marsh Assistant Corporate Secretary 26.00 14.00 X 133816 0 14706 Shari Mikos Assistant Corporate Secretary 26.00 14.00 X 108296 0 13552 Glenn Renzulli Corporate Treasurer 26.00 14.00 X 274090 0 19906 Patricia Breen Chief Academic Officer 10.00 30.00 X 272118 54269 58766 Mark Griesbaum SVP, Business Operations 40.00 0.00 X 303426 0 31348 Robyn Palmersheim VP Admissions 40.00 0.00 X 205209 0 28856 Engin Atik Chief Architect 40.00 0.00 X 154447 0 16217 John Reginald Dennis VP Marketing 40.00 0.00 X 157604 0 14725 Donald Packham SVP, Human Resources 40.00 0.00 X 209135 0 15238 2983943 54269 472179 26 0 1 0 Marketing Support Inc 200 E Randolph Dr Aon Chicago IL 60513 Marketing 370080 Capstone Partners 200 S Wacker Drive Suite 3100 Chicago IL 60606 Consulting 301240 McGladrey LLP 1 S Wacker Drive Suite 800 Chicago IL 60606 Audit/Tax 214108 ScholarBuys LLC 11 WMain St Carpentersville IL 60110 Information Technology 123375 Miller Canfield Paddock & Stone PLC 225 W Washington Suite 2600 Chicago IL 60606 Legal 109071 5 34000 21500 34000 Management Fees 611310 31984599 31984599 Student Fees 611310 75 75 31984674 727 727 135118 135118 135118 32154519 31984674 0 135845 2302417 1053446 1248971 10986676 5026836 5959840 1011031 315487 695544 1150800 463523 687277 1061258 566208 495050 417701 150489 267212 692268 692268 237762 237762 879114 22568 856546 5149470 5041484 107986 524387 134239 390148 2044906 26626 2018280 1668922 1027343 641579 674767 237981 436786 207836 52562 155274 44915 44915 1181592 1181592 32111 32111 Dues/Subscriptions 90021 27859 62162 Student Services 10858 10858 37470 29190 8280 30406282 15357433 15048849 0 4038791 3510449 40257 28148 250000 936659 1240168 9422355 7098726 2344893 2323629 23936719 33800262 31297319 41152656 4029658 5573019 3535123 3068536 7564781 8641555 X 898058 1202423 22834480 31308678 23732538 32511101 31297319 41152656 X 1748237 106126 6924200 X 0 1 X 1 0 X X X X 0 0 0 The Chicago School of Professional Psychology 363005527 2 1 0 Pacific Oaks Education Corporation 951716809 2 1 0 Santa Barbara and Ventura Colleges of Law 952592468 2 1 0 TCS Education - Texas Inc 364769956 2 1 0 Saybrook University 942155109 2 1 0 TCSPP Counseling Centers 952556403 2 1 0 The Chicago School - Washington DC Inc 800477644 2 1 0 The Chicago School - California Inc 900394713 2 1 0 8 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 852252 528482 323770 4101869 3220738 881131 4468234 3349506 1118728 2323629 Due From Affiliates 1273340 Fair Value of Net Assets through (or resulting from) Affiliation 32526922 33800262 Deferred Rent 559774 Loan From Affiliates 1287835 Due to Affiliates 2683 Retirement Plan Liabilities 1218244 3068536 X Part X, Line 2: TCS ES 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, the TCS ES 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 the TCS ES 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 year ended May 31, 2014. TCS ES annually files Form 990 in the US federal jurisdiction and in the State of Illinois. TCS ES's Form 990 for 2010 and subsequent years are subject to examination by the Internal Revenue Service. East Asia and the Pacific 0 1 Program Services Consulting/Study Abroad Liaison 19161 Europe (Including Iceland & Greenland) 0 1 Program Services Consulting/Study Abroad Liaison 24365 South America 0 2 Program Services Consulting/Study Abroad Liaison 60448 Sub-Saharan Africa 0 1 Program Services Consulting/Study Abroad Liaison 25040 0 5 0 0 0 5 129014 0 129014 0 0 0 0 0 0 X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 Michael Horowitz Trustee/Corporate Presiden 542134 0 350000 0 50408 0 207539 0 20966 0 1171047 0 0 0 Jennifer DeMay Corporate Secretary 193260 0 30000 0 0 0 16330 0 14030 0 253620 0 0 0 Glenn Renzulli Corporate Treasurer 220340 0 53750 0 0 0 19189 0 717 0 293996 0 0 0 Patricia Breen Chief Academic Officer 214118 44269 58000 0 0 10000 20300 17500 20966 0 313384 71769 0 0 Mark Griesbaum SVP, Business Operations 233826 0 69600 0 0 0 21417 0 9931 0 334774 0 0 0 Robyn Palmersheim VP Admissions 177909 0 27300 0 0 0 14877 0 13979 0 234065 0 0 0 Engin Atik Chief Architect 148473 0 5974 0 0 0 10952 0 5265 0 170664 0 0 0 John Reginald Dennis VP Marketing 149454 0 8150 0 0 0 835 0 13890 0 172329 0 0 0 Donald Packham SVP, Human Resources 182885 0 26250 0 0 0 14639 0 599 0 224373 0 0 0 Part I, Line 1a During the 2013 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 $2,984 -non-taxable health and social club dues of $3,360 Part I, Line 4b Dr. Michael Horowitz is vested in a 457(f) plan, for which the calendar year 2013 contributions from TCS Education System totaled $132,375. Marketing Support Inc See below 152366 During the fiscal year ended May 31, 2014, the TCS ES conducted an RFP process for marketing services including, but not limited to, account management, marketing strategy, research, creative development, production and media buying services. Marketing Support, Inc.'s (MSI) proposal offered continuity of agency services at below market or fair value to TCS ES. TCS ES paid MSI $143,625 for the aforementioned services and reimbursed MSI $8,741 for payments made directly to media outlets not owned by MSI.TCS ES terminated its relationship with Marketing Support Inc. during fiscal year 2014. The Board Chair of TCS ES served as Chairman of Marketing Support Inc. through July 2013. 0 Part IV, column (b) Relationship between interested person and the organization: Ricardo Grunsten served as TCS ES Board Chair through May 16, 2014. Form 990, Part VI, Section B, line 11 The Form 990 is prepared by an independent accounting firm (McGladrey, 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 engages an outside independent compensation consultant to benchmark the salaries and benefits of the President and other TCS personnel. TCS 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. Form 990, Part XI, line 9: Fair Value of Net Assets Received in Affiliation 8,474,200. Transfer of funds to TCS Education - Texas, Inc. -1,550,000. TCS Global 350 North Orleans St Suite 1050 Chicago IL 60654 800308608 Education DE 0 0 TCS Education System 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 The Chicago School of Professional Psychology Counseling Centers 1145 Gayley Avenue Los Angeles CA 90024 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 West 7th St Los Angeles CA 90017 900394713 Education CA 501(c)(3) Line 2 TCS Education System 1 Pacific Oaks Education Corporation 55 Eureka St Pasadena CA 91103 951716809 Education CA 501(c)(3) Line 2 TCS Education System 1 Santa Barbara & Ventura Colleges of Law 4475 Market St Ventura CA 93003 952592468 Education CA 501(c)(3) Line 2 TCS Education System 1 TCS Education - Texas Inc 350 North 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 1 1 1 1 0 Santa Barbara & Ventura Colleges of Law O 140893 Actual Santa Barbara & Ventura Colleges of Law P 738679 Actual Santa Barbara & Ventura Colleges of Law R 626522 Actual TCS Education - Texas Inc P 775438 Actual TCS Education - Texas Inc Q 1655164 Actual TCS Education - Texas Inc R 1303204 Actual Pacific Oaks Education Corporation O 973139 Actual Pacific Oaks Education Corporation P 5633116 Actual Pacific Oaks Education Corporation R 5084889 Actual Saybrook University P 148215 Actual Saybrook University R 66000 Actual The Chicago School - Washington DC Inc O 481159 Actual The Chicago School - Washington DC Inc P 3304490 Actual The Chicago School - Washington DC Inc R 2669481 Actual The Chicago School of Professional Psychology O 5758950 Actual The Chicago School of Professional Psychology P 25626100 Actual The Chicago School of Professional Psychology Q 1109091 Actual The Chicago School of Professional Psychology R 21327156 Actual The Chicago School - California Inc O 1099765 Actual The Chicago School - California Inc P 8346834 Actual The Chicago School - California Inc R 6825940 Actual