2013-05-10T13:14:27-05:00 2012-06-30 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT SUITE 500 AUBURN HILLS MI 48326 990 2011-07-01 381550064 COLLEGE FOR CREATIVE STUDIES COLL 3136647440 201 E KIRBY DETROIT MI 48202 ANNE D BECK 3136647440 2013-05-09 1 LYNNE M HUISMANN P00053811 2483757100 2011 2016-02-24 21:20:13Z RICHARD L ROGERS 201 E KIRBY DETROIT MI 48202 93290391 0 X WWW.COLLEGEFORCREATIVESTUDIES.EDU X 1906 MI THE COLLEGE FOR CREATIVE STUDIES IS A PRIVATE COLLEGE OFFERING A BACHELOR OF FINE ARTS DEGREE IN 12 DIFFERENT MAJORS AND MASTER OF FINE ARTS DEGREES IN TWO MAJORS. CCS IS AN ACCREDITED INSTITUTIONAL MEMBER OF THE NATIONAL ASSOCIATION OF SCHOOLS OF ART AND DESIGN AND IS ACCREDITED BY THE HIGHER LEARNING COMMISSION OF THE NORTH CENTRAL ASSOCIATION. THE COLLEGE ENROLLED 1,324 STUDENTS IN DEGREE SEEKING PROGRAMS. THE COLLEGE ALSO OFFERS NON-CREDIT COURSES IN THE VISUAL ARTS THROUGH ITS CONTINUING EDUCATION PROGRAMS AND ANNUALLY PROVIDES OVER 3,000 DETROIT YOUTH WITH ART AND DESIGN EDUCATION THROUGH PARTNERSHIP PROGRAMS. 42 41 892 125 638601 -9304 11767111 15668681 37953685 39780164 1814765 2569064 4391131 4608475 55926692 62626384 14495294 15619831 0 0 18606399 19079297 200244 2500 725484 21362424 21836685 54664361 56538313 1262331 6088071 205256628 200589633 41038914 35329046 164217714 165260587 X THE COLLEGE FOR CREATIVE STUDIES NURTURES THE CREATIVITY THAT IS VITAL TO THE ENRICHMENT OF MODERN CULTURE. THE COLLEGE EDUCATES VISUAL ARTISTS AND DESIGNERS, KNOWLEDGEABLE IN VARIED FIELDS, WHO WILL BE LEADERS IN CREATIVE PROFESSIONS THAT SHAPE SOCIETY AND ADVANCE ECONOMIC GROWTH. THE COLLEGE FOSTERS STUDENTS' RESOLVE TO PURSUE EXCELLENCE, ACT ETHICALLY, EMBRACE THEIR RESPONSIBILITIES AS CITIZENS OF DIVERSE LOCAL AND GLOBAL COMMUNITIES, AND LEARN THROUGHOUT THEIR LIVES. THE COLLEGE ENGAGES IN COMMUNITY SERVICE BY OFFERING OPPORTUNITIES FOR ARTISTIC DEVELOPMENT AND OPENING CAREER PATHWAYS TO TALENTED INDIVIDUALS OF ALL AGES. 0 0 38071392 15619831 41482682 COLLEGE LEVEL ENVIRONMENT IN ART AND DESIGN. AVERAGE ENROLLMENT WAS 1,324 IN DEGREE SEEKING PROGRAMS AND 364 IN CONTINUING EDUCATION. 971975 DEVELOPING AND REHABILITATING THE ARGONAUT BUILDING AND COLLEGE PARKING STRUCTURE. THIS DEVELOPMENT WILL HOUSE ART AND DESIGN EDUCATION AS WELL AS PROVIDE ADDITIONAL STUDENT HOUSING. 38071392 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 117 0 1 892 1 1 1 1 CJ BD 0 0 0 1 1 1 16 0 0 0 X 42 41 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ANNE D BECK 3136647473 201 E KIRBY DETROIT MI 48202 RICHARD L ROGERS 40.00 X X 441670 0 34535 LYNN F ALANDT 0.30 X X 0 0 0 ROBERT H BLUESTEIN 0.30 X 0 0 0 THOMAS C BUHL 0.30 X 0 0 0 DARRELL BURKS 0.30 X 0 0 0 FRANK CAMPANALE 0.30 X 0 0 0 THOMAS CELANI 0.30 X 0 0 0 LOIS P COHN 0.30 X 0 0 0 VAN E CONWAY 0.30 X 0 0 0 GARY L COWGER 0.30 X 0 0 0 KC CRAIN 0.30 X 0 0 0 KEITH E CRAIN 0.30 X X 0 0 0 MATT CULLEN 0.30 X 0 0 0 GRETCHEN DAVIDSON 0.30 X 0 0 0 LINDA DRESNER 0.30 X 0 0 0 IRMA B ELDER 0.30 X 0 0 0 JAMES FARLEY 0.30 X 0 0 0 DAVID T FISCHER 0.30 X 0 0 0 ALFRED J FISHER III 0.30 X 0 0 0 NATHAN M FORBES 0.30 X 0 0 0 RAPLH GILLES 0.30 X 0 0 0 NANCY GROSFELD 0.30 X 0 0 0 SHEILA HAMP 0.30 X 0 0 0 DAVID M HEMPSTEAD 0.30 X 0 0 0 DANIALLE KARMANOS 0.30 X 0 0 0 MARIA LEONHAUSER 0.30 X 0 0 0 ALPHONSE S LUCARELLI 0.30 X X 0 0 0 JAMES M NICHOLSON 0.30 X 0 0 0 THOMAS D OGDEN 0.30 X 0 0 0 WILLIAM U PARFET 0.30 X 0 0 0 SANDRA PIERCE 0.30 X 0 0 0 STEPHEN POLK 0.30 X 0 0 0 WALTRAUD E PRETCHER 0.30 X 0 0 0 JAMES E PRESS 0.30 X 0 0 0 JOHN RAKOLTA JR 0.30 X 0 0 0 SYDNEY L ROSS 0.30 X 0 0 0 ANTHONY L SOAVE 0.30 X 0 0 0 ELEANOR F SULLIVAN 0.30 X 0 0 0 A ALFRED TAUBMAN 0.30 X 0 0 0 MAUREEN P VALADE 0.30 X 0 0 0 JAMES H VANDENBEGHE 0.30 X X 0 0 0 EDWARD T WELBURN 0.30 X 0 0 0 ANNE D BECK 40.00 X 224477 0 22819 IMRE MOLNAR 40.00 X 218846 0 22110 NINA HOLDEN 40.00 X 176461 0 18687 JULIE HINGELBERG 40.00 X 144721 0 15257 LARRY ERIKSON 40.00 X 134105 0 13216 JOANNE HEALY 40.00 X 155901 0 17849 GREGORY FRASER 40.00 X 130152 0 15630 ROBERT SCHMIEDER 40.00 X 117732 0 14646 MARK WEST 40.00 X 128050 0 7400 1872115 0 182149 16 0 1 0 ARGONAUT BUILDING MASTER TENANT LLC 201 E KIRBY DETROIT MI 48202 SPACE RENTAL/ PROPERTY MANAGEMENT 4512755 SODEXO INC & AFFILIATES 4880 PAYSHERE CIRCLE CHICAGO IL 60674 FOOD SERVICES 1018423 GUARDSMARK LLC PO BOX 11407 BIRMINGHAM AL 352463000 SECURITY SERVICES 940955 ROK CONSTRUCTION SERVICES LLC 1783 BRISTOL DRIVE MILFORD MI 48380 CONSTRUCTION SERVICES 855202 FOREMOST COMMUNICATION 2921 WILSON DR NW GRAND RAPIDS MI 49534 PRINT AND DISTRIBUTION SERVICES 632159 17 980099 3428625 11259957 785411 15668681 TUITION 611600 38285391 38285391 COURSE/LAB FEES 611600 1166588 1166588 REGISTRATION FEES 611600 284500 284500 APPLICATION FEES 611600 34325 34325 MATERIAL FEES 611600 9360 9360 39780164 1331875 1331875 8318 8318 1911355 208837 1702518 1702518 1702518 30637902 7620 29416124 527 1221778 7093 1228871 1228871 452479 980099 447369 5110 5110 829682 591150 238532 238532 DEVELOPER FEE 531390 971975 971975 MATERIAL SALES 900099 135046 135046 TRANSFERS/REIMBURSEMEN 900099 106709 106709 1448585 638601 809984 2662315 62626384 42454657 638601 3864445 14671392 14671392 948439 948439 1353813 248689 900351 204773 14487438 8749207 5468920 269311 773754 358955 386810 27989 1322001 463548 787179 71274 1142291 661098 445041 36152 137470 556 136914 124205 124205 2500 2500 391780 391780 1693978 1281976 400802 11200 1335729 1261 1328795 5673 2153775 980423 1131844 41508 528584 151653 376931 7565784 6053105 1512679 281176 127039 138897 15240 72497 7753 63722 1022 1669994 1669994 3933221 3146577 786644 342172 342172 CATERING/ENTERTAINMENT 706623 74127 619908 12588 BAD DEBT EXPENSE 213345 212845 500 DUES/MEMBERSHIPS 188727 70205 115241 3281 CAMPUS EVENTS 156805 3591 151074 2140 340820 71798 248689 20333 56538313 38071392 17741437 725484 10590 10386 11781735 14106334 10791148 11225497 16732475 16700016 2344539 2344582 250982 349640 802057 982398 109680920 45851932 65597362 63828988 39096272 38923982 55948294 50213469 1901174 1904341 205256628 200589633 6858831 7480282 800758 2193853 25707942 25337474 7365280 306103 317437 41038914 35329046 X 124114537 126083932 36546272 35616991 3556905 3559664 164217714 165260587 205256628 200589633 X 6088071 -5045198 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3556905 2759 228179 99410 128769 3559664 3473546 83359 239302 103633 135669 3556905 3342601 130945 224008 96552 127456 3473546 3301021 41580 169987 73353 96634 3342601 0.94000 0.06000 0 0 3284310 3284310 77946789 25456343 52490446 26642281 19931641 6710640 1807540 463948 1343592 63828988 ALTERNATIVE INVESTMENTS 17127506 F INVESTMENT IN CCS ARGONAUT HOLDINGS, INC. 33085963 C 50213469 DEPOSITS 145401 DUE TO AGENCY (STUDENT ORGANIZATIONS) 172036 317437 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT EARNINGS ARE USED TO PROVIDE SCHOLARSHIPS TO STUDENTS, AND LECTURE SERIES TO STUDENTS, FACULTY AND COMMUNITY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE INTERNAL REVENUE SERVICE HAS RULED THAT CCS IS A TAX-EXEMPT INSTITUTION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS AN EDUCATIONAL INSTITUTION DESCRIBED IN SECTION 170(B)(1)(A)(II) OF THE CODE. ACCORDINGLY, NO PROVISION FOR TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS FOR CCS. THE ORGANIZATION FILES FEDERAL TAX RETURNS IN U.S. FEDERAL AND STATE OF MICHIGAN JURISDICTIONS. INCOME TAX FILINGS REMAIN OPEN FOR POTENTIAL EXAMINATIONS FOR THE LAST THREE YEARS. THE ORGANIZATION'S UNRECOGNIZED TAX BENEFITS WERE NOT DEEMED SIGNIFICANT. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, AND LOCAL TAXES OR NON-US INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED JUNE 30, 2008 AND EARLIER. THERE WERE NO PENALITIES OR INTEREST RECOGNIZED DURING THE YEARS OR ACCRUED AT YEAR END. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 A NONDISCRIMINATORY POLICY IS PUBLICIZED ON OUR WEBSITE, IN ALL OF OUR MAILINGS TO POTENTIAL STUDENTS, ON BROCHURES, ADMISSIONS MATERIALS AND FINANCIAL AID BROCHURES. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 FINANCIAL CONTRIBUTIONS ARE RECEIVED FROM THE US DEPARTMENT OF EDUCATION AND THE STATE OF MICHIGAN. 1 CENTRAL AMERICA AND THE CARIBBEAN - 0 0 INVESTMENTS 9373506 0 0 0 0 0 0 9373506 0 9373506 GRANTS AND SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 1 1750 APPLIED AGAINST STUDENT'S TUITION ACCOUNT GRANTS AND SCHOLARSHIPS EAST ASIA AND THE PACIFIC 99 757937 APPLIED AGAINST STUDENT'S TUITION ACCOUNT GRANTS AND SCHOLARSHIPS EUROPE 2 26000 APPLIED AGAINST STUDENT'S TUITION ACCOUNT GRANTS AND SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 3 34500 APPLIED AGAINST STUDENT'S TUITION ACCOUNT GRANTS AND SCHOLARSHIPS SOUTH ASIA 4 39500 APPLIED AGAINST STUDENT'S TUITION ACCOUNT GRANTS AND SCHOLARSHIPS NORTH AMERICA 8 68752 APPLIED AGAINST STUDENT'S TUITION ACCOUNT GRANTS AND SCHOLARSHIPS SOUTH AMERICA 1 10000 APPLIED AGAINST STUDENT'S TUITION ACCOUNT GRANTS AND SCHOLARSHIPS SUB SAHARAN AFRICA 1 10000 APPLIED AGAINST STUDENT'S TUITION ACCOUNT 0 0 1 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: FUNDS ARE NOT USED OUTSIDE OF THE UNITED STATES RATHER THEY ARE USED BY INTERNATIONAL STUDENTS WHILE ATTENDING SCHOOL IN THE UNITED STATES. AMOUNTS ARE APPLIED DIRECTLY TO STUDENT'S TUITION ACCOUNTS. DETROIT INTL WINE AUCTION 1256768 840371 416397 86144 300386 STUDENT EXHIBITION 175810 139728 36082 14140 1100 45599 1432578 980099 452479 100284 1100 345985 447369 5110 1 INSTITUTIONAL AID SCHOLARSHIPS FOR FINANCIAL ASSISTANCE 1178 9322141 INSTITUTIONAL GRANTS FOR FINANCIAL ASSISTANCE 1017 5349251 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID INFORMATION IS PUBLISHED IN THE COLLEGE FOR CREATIVE STUDIES ADMISSIONS MATERIAL, WHICH IS GIVEN TO EACH STUDENT CANDIDATE, AS WELL AS ON THE CCS WEBSITE, WWW.COLLEGEFORCREATIVESTUDIES.EDU. ELIGIBILITY FOR NEED-BASED FINANCIAL AID IS DETERMINED BY AN ANALYSIS OF FAMILY RESOURCES FOR THE MOST RECENT CALENDAR YEAR TO ASSESS A FAMILY'S ABILITY TO CONTRIBUTE TO COLLEGE COSTS. ADJUSTMENTS TO AN APPLICATION CAN BE MADE BECAUSE OF A MAJOR CHANGE IN CIRCUMSTANCE, SUCH AS DEATH, DIVORCE, OR LOSS OF EMPLOYMENT/BENEFITS. TO RECEIVE FEDERAL OR STATE FINANCIAL AID FROM CCS, STUDENTS MUST DEMONSTRATE FINANCIAL NEED, BE ACCEPTED FOR ENROLLMENT IN A DEGREE-SEEKING PROGRAM, BE ENROLLED AT THE COLLEGE, MAINTAIN A SATISFACTORY ACADEMIC PROGRESS, AND BE A U.S. CITIZEN OR PERMANENT RESIDENT. IN ADDITION, A STUDENT MUST BE REGISTERED WITH SELECTIVE SERVICE (OR BE EXEMPT) AND CANNOT OWE A REFUND ON PREVIOUS TITLE IV FUNDS RECEIVED OR BE IN DEFAULT ON ANY STUDENT LOAN. ALL STUDENTS MUST COMPLETE THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) TO BE CONSIDERED FOR NEED-BASED AID. THIS FORM IS AVAILABLE ON-LINE AT FAFSA.ED.GOV OR HIGH SCHOOL GUIDANCE OFFICES, OR ANY COLLEGE FINANCIAL AID OFFICE. THE RECOMMENDED FILING DEADLINE FOR HIGH SCHOOL SENIORS RESIDING IN THE STATE OF MICHIGAN WHO ARE CONSIDERING STATE AID IS MARCH 1ST. TRANSFER AND CONTINUING STUDENTS SHOULD SUBMIT THEIR APPLICATION BY MARCH 1ST AS WELL. THE FINANCIAL AID CYCLE FAVORS THOSE STUDENTS WHO FILE IN A TIMELY FASHION AND COMPLETE THE REQUIRED DOCUMENTATION EARLY. CCS' TITLE IV CODE IS 006771. GRANT/SCHOLARSHIP AMOUNTS ARE APPLIED DIRECTLY TO STUDENT'S TUITION ACCOUNTS. X 1 1 X X X X 0 0 0 0 0 0 0 1 0 RICHARD L ROGERS 348601 0 80000 0 13069 0 25965 0 8570 0 476205 0 0 0 ANNE D BECK 202511 0 20000 0 1966 0 13664 0 9155 0 247296 0 0 0 IMRE MOLNAR 195894 0 20000 0 2952 0 13420 0 8690 0 240956 0 0 0 NINA HOLDEN 161102 0 15000 0 359 0 11020 0 7667 0 195148 0 0 0 JULIE HINGELBERG 129107 0 15000 0 614 0 8804 0 6453 0 159978 0 0 0 JOANNE HEALY 155183 0 0 0 718 0 9656 0 8193 0 173750 0 0 0 PART I, LINE 1A THE PRESIDENT RECEIVES HEALTH OR SOCIAL CLUB DUES. THE HEALTH OR SOCIAL CLUB DUES WERE INCLUDED IN TAXABLE COMPENSATION. PART I, LINE 7 BONUSES WERE APPROVED BY THE EXECUTIVE COMMITTEE FOR THE PRESIDENT, VICE PRESIDENT FOR ADMINISTRATION AND FINANCE, DEAN, DEAN OF STUDENT SERVICES AND VICE PRESIDENT INSTITUTIONAL ADVANCEMENT WHICH WERE PAID IN DECEMBER 2011. THESE ONE-TIME DISCRETIONARY PAYMENTS WERE BASED ON PERFORMANCE. MICHIGAN HIGHER EDUCATION FACILITIES AUTHORITY 521285150 594519R44 2008-07-24 25971854 TO FINANCE THE ACQUISITION AND CONSTRUCTION OF EDUCATIONAL FACILITIES. 0 0 0 410000 25971854 1021377 1224578 10349713 519437 12856749 2011 0 1 1 1 0 0 0 0 0.00680 0.00510 0.01190 1 1 0 0 0 0 0 X X 17 30456 DONOR STATED VALUE X 1003 COMPARABLE COSTS X 7 811934 MARKET QUOTATIONS X 3 12962 COMPARABLE COSTS X 45 152396 COMPARABLE COSTS X CLASSROOM SUPPLIES 16 47442 RETAIL COST 1 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 KC CRAIN AND KEITH CRAIN HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE 990 WILL BE REVIEWED BY THE CFO AND THE CHAIR OF THE FINANCE AND AUDIT COMMITTEE BEFORE THE 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST DISCLOSURE STATEMENTS ARE COLLECTED ANNUALLY FROM BOARD MEMBERS. DURING THE YEAR IF A CONFLICT ARISES, A BOARD MEMBER EXCUSES HIMSELF/HERSELF FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWS AND DECIDES ANNUAL SALARY INCREASES OF THE PRESIDENT, AND OTHER OFFICERS USING COMPARABILITY SURVEYS SUCH AS AICAD AND MI COLLEGE PRESIDENTS. THERE WERE SALARY INCREASES IN SEPTEMBER 2011 AND SEPTEMBER 2012. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -3,491,845. GAIN/LOSS ON SUBSIDIARY AND SYNDICATION COSTS -1,553,353. TOTAL TO FORM 990, PART XI, LINE 5: -5,045,198. FORM 990, PART XII, LINE 2C: THE AUDIT PROCESS HAS NOT CHANGED IN THE CURRENT YEAR CCS COMMUNITY DEVELOPER LLC 201 E KIRBY DETROIT MI 48202 262730307 CONSTRUCTION DEVELOPMENT MANAGER MI 971950 15520460 COLLEGE FOR CREATIVE STUDIES ARGONAUT CAMPUS DEVELOPER LLC 201 E KIRBY DETROIT MI 48202 261097667 OWN AND REHABILITATE THE ARGONAUT BUILDING MI N/A CCS ARGONAUT HOLDINGS INC 201 E KIRBY DETROIT MI 48202 262958259 MANAGE ARGONAUT PROJECT HOLDING COMPANY MI COLLEGE FOR CREATIVE STUDIES C -3691392 34398499 1.00000 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 ARGONAUT CAMPUS DEVELOPER LLC C 971975 AMOUNT PAID ARGONAUT CAMPUS DEVELOPER LLC D 34465479 LOAN BALANCE AS OF 6/30/12 ARGONAUT CAMPUS DEVELOPER LLC K 24196 AMOUNT PAID CCS ARGONAUT HOLDINGS INC R 126170 AMOUNT PAID