PACIFIC OAKS EDUCATION CORPORATION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- PACIFIC OAKS EDUCATION CORPORATION (EIN 95-1716809)
- Tax period
- 2012-06-01 to 2013-05-31
- Filed
- 2013-12-20
- IRS object ID
- 201313549349300931
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-12-20T14:42:45-06:00 | Timestamp |
| Tax Period End Date | 2013-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420714325 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGLADREY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 S WACKER DRIVE STE 800 | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60606 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 951716809 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Pacific Oaks Education Corporation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PACI | NameControl |
| Phone | 6265298246 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 Eureka Street | AddressLine1 |
| City | Pasadena | City |
| State | CA | State |
| ZIP Code | 91103 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Glenn Renzulli | Name |
| Title | Corporate Treasurer | Title |
| Phone | 6265298246 | Phone |
| Date Signed | 2013-12-20 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Wayne Harder | Name |
| PTIN | P00294296 | PTIN |
| Phone | 3126343400 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Michael Horowitz | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 N Orleans Ste 1050 | AddressLine1 |
| City | Chicago | City |
| State | IL | State |
| ZIP Code | 60654 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 19337093 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.PacificOaks.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1945 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | Pacific Oaks College prepares students to be culturally intelligent agents of change serving diverse communities in fields of human development, education, and family studies. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 13 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 11 | NbrIndependentVotingMembers |
| Total Nbr Employees | 262 | TotalNbrEmployees |
| Total Nbr Volunteers | 239 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 577435 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 579180 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 11642620 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 17620601 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 113832 | InvestmentIncomePriorYear |
| Investment Income Current Year | 139827 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 116290 | OtherRevenuePriorYear |
| Other Revenue Current Year | 292985 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 12450177 | TotalRevenuePriorYear |
| Total Revenue Current Year | 18632593 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 681604 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1221292 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 7332970 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 8798515 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 20000 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 670036 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 7169670 | OtherExpensePriorYear |
| Other Expenses Current Year | 7101522 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 15184244 | TotalExpensesPriorYear |
| Total Expenses Current Year | 17141329 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -2734067 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1491264 | RevenuesLessExpensesCY |
| Total Assets BOY | 18229352 | TotalAssetsBOY |
| Total Assets EOY | 17434277 | TotalAssetsEOY |
| Total Liabilities BOY | 7090911 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 4150460 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 11138441 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 13283817 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | Pacific Oaks Education Corporation is dedicated to preparing innovative, engaged, purposeful agents of change who serve the global community. The mission of the College states "Grounded in its social justice heritage, Pacific Oaks College prepares students to be culturally intelligent agents of change serviing diverse communities in the fields of human development, education, and related family studies." The primary focus of the children's school is placed upon all needs of young children and their families, and all those who, in a direct or indirect manner, touch their lives each day. The mission of the corporation is inclusive of the mission of the College and primary focus of the Children's School. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 10551239 | Expense |
| Grants | 1221292 | Grants |
| Revenue | 17620601 | Revenue |
| Description | Pacific Oaks Education Corporation is dedicated to preparing innovative, engaged, purposeful agents of change who serve the global community. The mission of the College states "Grounded in its social justice heritage, Pacific Oaks College prepares students to be culturally intelligent agents of change serving diverse communities in the fields of human development, education, and related family studies." The Primary focus of the Children's School is placed upon all needs of young children and their families, and all those who, in a direct or indirect manner, touch their lives each day. The mission of the Corporation is inclusive of the mission of the College and primary focus of the Children's School.Pacific Oaks College is an accredited college by the Western Association of Schools and Colleges (WASC). Pacific Oaks College offers a range of bachelor's, master's and certificate programs in both flexible online and on-ground in-classroom formats to meet the needs of non-traditional and adult students. Pacific Oaks College serves more than 1,000 students. The Children's School offers both part-time and full-time early childhood education programs for infants, toddlers, and young children through age six. The Children's School enrollment is over 200 children. | Description |
| Total Program Service Expense | 10551239 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 1 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 31 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 262 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 13 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 11 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Glenn Renzulli | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3124886047 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 North Orleans Suite 1050 | AddressLine1 |
| City | Chicago | City |
| State | IL | State |
| ZIP Code | 60654 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (20 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| Dorothy Farris | ||||||||
| Board Chair | 2.00 | 4.00 | X | 0 | 0 | 0 | ||
| Olin Barrett | ||||||||
| Vice Chair | 2.00 | 0.00 | X | 0 | 0 | 0 | ||
| Jerry Mandel | ||||||||
| Trustee | 2.00 | 0.00 | X | 0 | 0 | 0 | ||
| Tenny Mickey | ||||||||
| Trustee | 2.00 | 0.00 | X | 0 | 0 | 0 | ||
| Dean Chung | ||||||||
| Trustee | 2.00 | 2.00 | X | 0 | 0 | 0 | ||
| Terrence Layng | ||||||||
| Trustee | 2.00 | 6.00 | X | 0 | 0 | 0 | ||
| Mary Pattiz | ||||||||
| Trustee | 2.00 | 6.00 | X | 0 | 0 | 0 | ||
| Allison Shearmur | ||||||||
| Trustee | 2.00 | 0.00 | X | 0 | 0 | 0 | ||
| Devy Schonfeld | ||||||||
| Trustee | 2.00 | 0.00 | X | 0 | 0 | 0 | ||
| Beverly Thelander | ||||||||
| Trustee | 2.00 | 0.00 | X | 0 | 0 | 0 | ||
| Mary Tudela | ||||||||
| Trustee | 2.00 | 8.00 | X | 0 | 0 | 0 | ||
| Michael Horowitz | ||||||||
| Trustee/Corporate President | 2.00 | 38.00 | X | 0 | 930822 | 204712 | X | |
| Ezat Parnia | ||||||||
| Institutional President/Trustee | 40.00 | 0.00 | X | 213395 | 0 | 26873 | ||
| Jennifer DeMay | ||||||||
| Corporate Secretary | 2.00 | 38.00 | 0 | 207679 | 28971 | X | ||
| LaKeisha Marsh | ||||||||
| Asst. Corporate Secretary | 2.00 | 38.00 | 0 | 127364 | 14186 | X | ||
| Shari Mikos | ||||||||
| Asst. Corporate Secretary | 2.00 | 38.00 | 0 | 98553 | 12818 | X | ||
| Glenn Renzulli | ||||||||
| Corporate Treasurer | 2.00 | 38.00 | 0 | 234250 | 14733 | X | ||
| Kerry Neal | ||||||||
| Regional Vice President | 40.00 | 0.00 | 160447 | 0 | 20964 | X | ||
| Carl Kalani Beyer | ||||||||
| Director - School of Education | 40.00 | 0.00 | 161056 | 0 | 11425 | X | ||
| Crystal Czubernat | ||||||||
| AVP Admissions | 40.00 | 0.00 | 118159 | 0 | 18065 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 653057 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 1598668 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 352747 | TotalOtherCompensation |
| Number Individuals GT100 K | 4 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Diamond Contract Services | |||||
| File 748041 | Los Angeles | CA | 90074 | Maintenance | 148473 |
| Digital Networks Group | |||||
| 100 Columbia Suite 100 | Aliso Viejo | CA | 92656 | Classroom Technology Installation | 144233 |
| Scanlon Construction Inc | |||||
| 10650 Overman Avenue | Chatsworth | CA | 91311 | Construction | 117308 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
| Fundraising Events | 1225 | FundraisingEvents |
| All Other Contributions | 577955 | AllOtherContributions |
| Noncash Contributions | 34766 | NoncashContributions |
| Total Contributions | 579180 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Tuition & Fee Revenue | Description |
| Business Code | 611310 | BusinessCode |
| Total Revenue Column | 17620601 | TotalRevenueColumn |
| Related Or Exempt Function Income | 17620601 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 17620601 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 137785 | TotalRevenueColumn |
| Exclusion | $137,785 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 25871 | TotalRevenueColumn |
| Exclusion | $25,871 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 675968 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 673926 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2042 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2042 | TotalRevenueColumn |
| Exclusion | $2,042 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 93082 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 1225 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 30574 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 62508 | TotalRevenueColumn |
| Exclusion | $62,508 | ExclusionAmount |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 204606 | TotalRevenueColumn |
| Exclusion | $204,606 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 204606 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 18632593 | TotalRevenueColumn |
| Related Or Exempt Function Income | 17620601 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $432,812 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1221292 | Total |
| Program Services | 1221292 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 240269 | Total |
| Program Services | 205998 | ProgramServices |
| Management And General | 34271 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7070757 | Total |
| Program Services | 5792577 | ProgramServices |
| Management And General | 865588 | ManagementAndGeneral |
| Fundraising | 412592 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 330160 | Total |
| Program Services | 263954 | ProgramServices |
| Management And General | 46751 | ManagementAndGeneral |
| Fundraising | 19455 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 651118 | Total |
| Program Services | 352717 | ProgramServices |
| Management And General | 267700 | ManagementAndGeneral |
| Fundraising | 30701 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 506211 | Total |
| Program Services | 425453 | ProgramServices |
| Management And General | 53368 | ManagementAndGeneral |
| Fundraising | 27390 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 237467 | Total |
| Program Services | 67095 | ProgramServices |
| Management And General | 166672 | ManagementAndGeneral |
| Fundraising | 3700 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18293 | Total |
| Management And General | 18293 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20000 | Total |
| Fundraising | 20000 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8773 | Total |
| Management And General | 8773 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 320709 | Total |
| Program Services | 163135 | ProgramServices |
| Management And General | 146416 | ManagementAndGeneral |
| Fundraising | 11158 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1402729 | Total |
| Program Services | 40949 | ProgramServices |
| Management And General | 1349661 | ManagementAndGeneral |
| Fundraising | 12119 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 508066 | Total |
| Program Services | 299747 | ProgramServices |
| Management And General | 147473 | ManagementAndGeneral |
| Fundraising | 60846 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47510 | Total |
| Program Services | 25345 | ProgramServices |
| Management And General | 18333 | ManagementAndGeneral |
| Fundraising | 3832 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1541430 | Total |
| Program Services | 1023277 | ProgramServices |
| Management And General | 518153 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 183429 | Total |
| Program Services | 129279 | ProgramServices |
| Management And General | 36482 | ManagementAndGeneral |
| Fundraising | 17668 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 209573 | Total |
| Program Services | 155702 | ProgramServices |
| Management And General | 43750 | ManagementAndGeneral |
| Fundraising | 10121 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2643 | Total |
| Management And General | 2643 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 163712 | Total |
| Program Services | 98227 | ProgramServices |
| Management And General | 65485 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 158653 | Total |
| Management And General | 158653 | ManagementAndGeneral |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral | Program ServicesProgramServices | FundraisingFundraising |
|---|---|---|---|---|
| Central Admin Allocatio | 1170881 | 1170881 | ||
| Student Services | 171013 | 6569 | 164444 | |
| Dues and Memberships | 82086 | 30900 | 47639 | 3547 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 874555 | Total |
| Program Services | 74409 | ProgramServices |
| Management And General | 763239 | ManagementAndGeneral |
| Fundraising | 36907 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17141329 | Total |
| Program Services | 10551239 | ProgramServices |
| Management And General | 5920054 | ManagementAndGeneral |
| Fundraising | 670036 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2921129 | BOY |
| EOY | 6694394 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1884747 | BOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 83253 | BOY |
| EOY | 54406 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 522734 | BOY |
| EOY | 531485 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 75000 | BOY |
| EOY | 50000 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 900000 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 149692 | BOY |
| EOY | 198619 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 2947304 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 412138 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2337035 | BOY |
| EOY | 2535166 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4645992 | BOY |
| EOY | 6404152 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5609770 | BOY |
| EOY | 66055 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18229352 | BOY |
| EOY | 17434277 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1321198 | BOY |
| EOY | 1698872 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1713669 | BOY |
| EOY | 2201637 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4056044 | BOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 249951 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7090911 | BOY |
| EOY | 4150460 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4397767 | BOY |
| EOY | 7734532 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2741736 | BOY |
| EOY | 1550347 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3998938 | BOY |
| EOY | 3998938 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11138441 | BOY |
| EOY | 13283817 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18229352 | BOY |
| EOY | 17434277 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1491264 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 724279 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | -70167 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Both | X | FinancialStatementBoth |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 4494648 | BeginningOfYearBalance |
| Contributions | 1000000 | Contributions |
| Investment Earnings Or Losses | 811120 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 191069 | GrantsOrScholarships |
| Other Expenditures | 24044 | OtherExpenditures |
| End Of Year Balance | 6090655 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 5126562 | BeginningOfYearBalance |
| Contributions | 75000 | Contributions |
| Investment Earnings Or Losses | -167394 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 134548 | GrantsOrScholarships |
| Other Expenditures | 396333 | OtherExpenditures |
| Administrative Expenses | 8639 | AdministrativeExpenses |
| End Of Year Balance | 4494648 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7503080 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 779596 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3156114 | GrantsOrScholarships |
| End Of Year Balance | 5126562 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 6872628 | BeginningOfYearBalance |
| Contributions | 3500 | Contributions |
| Investment Earnings Or Losses | 937129 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 310177 | GrantsOrScholarships |
| End Of Year Balance | 7503080 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 8443144 | BeginningOfYearBalance |
| Contributions | 1000 | Contributions |
| Investment Earnings Or Losses | -1211810 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 359706 | GrantsOrScholarships |
| End Of Year Balance | 6872628 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.16420 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.65660 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.17920 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 247242 | OtherCostOrOtherBasis |
| Book Value | 247242 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2254992 | OtherCostOrOtherBasis |
| Depreciation | 188231 | Depreciation |
| Book Value | 2066761 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 276022 | OtherCostOrOtherBasis |
| Depreciation | 143506 | Depreciation |
| Book Value | 132516 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 169048 | OtherCostOrOtherBasis |
| Depreciation | 80401 | Depreciation |
| Book Value | 88647 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 2535166 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Deferred Rent | $111,776 |
| Due to Affiliates | $138,175 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 249951 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 18126807 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 724279 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 724279 | RevenueNotRptdF990 |
| Revenue Subtotal | 17402528 | RevenueSubtotal |
| Investment Expenses Not Included | 8773 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 1221292 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 1230065 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 18632593 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 15981431 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 70167 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 70167 | ExpensesNotRptdF990 |
| Expenses Subtotal | 15911264 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 8773 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 1221292 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 1230065 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 17141329 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Description of Intended Use of Endowment Funds: | Part V, Line 4: | The Pacific Oaks endowment represents a significant capital asset of the Institution. The purpose of the endowment is to increase net assets and to support the mission of Pacific Oaks Education Corporation. |
| Description of Uncertain Tax Positions Under FIN 48: | Part X, Line 2: | The Institution has received notification that it qualifies as a tax-exempt organization under Section 501(c)(3) of the U.S. Internal Revenue Code and corresponding provisions of the State of California law. 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 Institution 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 Institution 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, 2013. The Institution annually files Form 990 in the U.S. federal jurisdiction and in the State of California. The Institution's Form 990 for 2009 and subsequent years are subject to examination by the Internal Revenue Service and the State of California. |
| Part XI, Line 4b - Other Adjustments: | Scholarships reported as a contra revenue account 1,221,292. | |
| Part XII, Line 2d - Other Adjustments: | Bad Debt Mapping 70,167. | |
| Part XII, Line 4b - Other Adjustments: | Scholarships reported as a contra revenue account 1,221,292. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Explanation of Nondiscriminatory Policy Publication | Schedule E, Part I, Line 3 | Pacific Oaks College and Children's School nondiscrimination policies are published in the academic catalog, student handbook, and admissions policies, which are available to the public via the Institution's website. |
| Government Assistance | Schedule E, Part I, Line 6a | Pacific Oaks College receives funds from the US Department of Education for several student financial assistance programs, including the Federal Direct Stafford Loan Grant Program, Federal Direct Grad Plus Loan Grant Program, Federal Direct Plus Loan Program, Federal Pell Grant Program, Federal Supplemental Education Opportunity Grant Program, and Federal Perkins Loan. Pacific Oaks College also receives state funding from the California monetary assistance programs including California Grant A, California Grant B, California Grant B, California Grant T, and California Grant Subsistence. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agreement Ref Fundraising | 1 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
Name Of Organization NameOfOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Community Counselling Service Co LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 461 Fifth Avenue 3rd Floor | AddressLine1 |
| City | New York | City |
| State | NY | State |
| ZIP Code | 10017 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | Capital Campaign Feasibility Study | Activity |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFunds |
| Gross Receipts | 0 | GrossReceipts |
| Amount Retained By Contractor | 20000 | AmountRetainedByContractor |
| Net To Organization | -20000 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | 20000 | TotalRetainedByContractors |
| Total Net To Organization | -20000 | TotalNetToOrganization |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Silent Auction Event | NameOfEvent1 |
| Gross Receipts Event1 | 94307 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 1225 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 93082 | GrossRevenueEvent1 |
| Non Cash Prizes Event1 | 306 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 359 | RentFacilityCostsEvent1 |
| Other Direct Expenses Event1 | 29909 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 94307 | GrossReceiptsTotal |
| Charitable Contributions Total | 1225 | CharitableContributionsTotal |
| Gross Revenue Total Events | 93082 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 306 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 359 | RentFacilityCostsTotalEvents |
| Other Direct Expenses Total Events | 29909 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 30574 | DirectExpenseSummaryEvents |
| Net Income Summary | 62508 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | Scholarships | TypeOfGrant |
| Number Of Recipients | 2026 | NumberOfRecipients |
| Amount Of Cash Grant | 1221292 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: Pacific Oaks gives need-based and merit-based scholarships. Need-based scholarships are monitored through the Department of Education FAFSA form. Students with $0 estimated family contribution (EFC), based on the Department of Education guidelines, will be automatically awarded a scholarship. Merit-based scholarships are granted to students who submit all required admissions documentation by certain deadlines and apply with a 4.0 undergraduate GPA or GRE of 1300. Pacific Oaks and its partners award fellowships to students who contribute to the academic community in and outside the classroom. Fellowship recipients dedicate 10 to 15 hours a week of work to the specific department through which the fellowship is offered. Applicants are judged on their ability to demonstrate a commitment to learning, developing, and participating in the program, academic research, and administrative activities within the department office. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (6 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Michael Horowitz | ||||||||||||||
| Trustee/Corporate President | 0 | 546892 | 0 | 366938 | 0 | 16992 | 0 | 183609 | 0 | 21103 | 0 | 1135534 | 0 | 0 |
| Ezat Parnia | ||||||||||||||
| Institutional President/Trustee | 213395 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26873 | 0 | 240268 | 0 | 0 | 0 |
| Jennifer DeMay | ||||||||||||||
| Corporate Secretary | 0 | 180679 | 0 | 27000 | 0 | 0 | 0 | 15190 | 0 | 13781 | 0 | 236650 | 0 | 0 |
| Glenn Renzulli | ||||||||||||||
| Corporate Treasurer | 0 | 205000 | 0 | 29250 | 0 | 0 | 0 | 14298 | 0 | 435 | 0 | 248983 | 0 | 0 |
| Kerry Neal | ||||||||||||||
| Regional Vice President | 158447 | 0 | 2000 | 0 | 0 | 0 | 11620 | 0 | 9344 | 0 | 181411 | 0 | 0 | 0 |
| Carl Kalani Beyer | ||||||||||||||
| Director - School of Education | 149956 | 0 | 11100 | 0 | 0 | 0 | 6225 | 0 | 5200 | 0 | 172481 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| Part I, Line 3 | Pacific Oaks Education Corporation relied on a related organization, TCS Education System, that used one or more of the methods described below to establish the top management official's compensation. - Compensation Committee - Independent Compensation Consultant - Compensation Survey or Study - Form 990 of Other Organizations - Approval by the Board or Compensation Committee |
| Part I, Line 4b | Pacific Oaks Education Corporation employees participate in supplemental retirement plans through the related organization, TCS Education System. Dr. Michael Horowitz is vested in a 457(f) plan, for which the calendar year 2012 contributions from TCS Education System totaled $131,109. |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Ezat Parnia | NamePerson |
| Relationship With Organization | College President | RelationshipWithOrganization |
| Purpose Of Loan | Relocation Incentive | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $75,000 | OriginalPrincipalAmount |
| Balance Due | 50000 | BalanceDue |
| Default | 0 | Default |
| Approved By Board | 1 | ApprovedByBoard |
| Written Agreement | 1 | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 50000 | TotalBalanceDue |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 3 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 25461 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | Rug, Painting, Kitchen Remodeling | Description |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 9305 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Method for Determining Number of Contributors: | Identifier |
| Return Reference | Part I, Column (b): | ReturnReference |
| Explanation | is the number of contributors. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Form 990, Part VI, Section A, line 6 | TCS Education System ("TCS ES") is the sole corporate member of Pacific Oaks Education Corporation ("POEC"). | |
| Form 990, Part VI, Section A, line 7a | The Member has the authority to consent to the election of persons to membership on the Board of Trustees, this shall include any elections of persons to Trustees Emeriti status and shall apply to any removal of a member of the Board. | |
| Form 990, Part VI, Section A, line 7b | The powers and authority of the Member shall be limited to the following: i.The authority of the Member to consent to the election of persons to membership on the Board of Trustees, this shall include any elections of persons to Trustees Emeriti status and shall apply to any removal of a member of the Board. ii.The authority of the Member to consent to a change in the Mission or Purpose of the Corporation. iii.The authority of the Member to consent to a change in the legal entity or tax structure of the Corporation. iv.The authority of the Member to consent to Amendments to the Articles of Incorporation or Bylaws. In addition to the power and authority reserved to the Member in the Articles of Incorporation, the Member shall have the full and exclusive authority to take any action reserved, or granted to it in these Bylaws or applicable law. | |
| Form 990, Part VI, Section B, line 11 | The IRS Form 990 is prepared by an independent accounting firm (McGladrey, LLP) along with the advice of management and attorneys of the organization. The Form 990 is made available to the Governing Board prior to filing. | |
| 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 the Board members and members of Board committees 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, 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, and Board committee members 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. The Company is in the process of expanding this review to key employees, in addition to those interested persons already noted above. | |
| Form 990, Part VI, Section B, line 15 | TCS ES 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 administrative personnel of Pacific Oaks Education Corporation. Salaries are reviewed and approved by the Board's executive committee with the assistance of a benefits consulting firm (Hewitt Associates) that provides recomendations based on comparative data with other organizations. The Board documents the basis for all compensation determination in the records of the Board. | |
| Form 990, Part VI, Section C, line 19 | The 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: | Bad Debt Mapping -70,167. | Changes in Net Assets or Fund Balances: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (7 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrgControlledOrg | Direct Controlling Entity NADirectControllingEntityNA |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Santa Barbara & Ventura Colleges of Law | |||||||||||
| 4475 Market Street | Ventura | CA | 93003 | 952592468 | Education | CA | 501(c)(3) | Line 2 | TCS ES | 0 | |
| TCS California Inc | |||||||||||
| 617 West 7th Street | Los Angeles | CA | 90017 | 900394713 | Education | CA | 501(c)(3) | Line 2 | TCS ES | 0 | |
| The Chicago School of Professional Psychology | |||||||||||
| 325 North Wells | Chicago | IL | 60654 | 363005527 | Education | IL | 501(c)(3) | Line 2 | TCS CA | 0 | |
| TCS Education System | |||||||||||
| 350 North Orleans | Chicago | IL | 60601 | 270717860 | Support Organization | IL | 501(c)(3) | Line 11b, II | 0 | N/A | |
| TCS Community Education | |||||||||||
| 325 North Wells | Chicago | IL | 60601 | 300517884 | Charter School | IL | 501(c)(3) | Line 2 | TCS ES | 0 | |
| The Chicago School - Washington DC | |||||||||||
| 901 15th Street NW | Washington | DC | 20005 | 800477644 | Education | DC | 501(c)(3) | Line 2 | TCS CA | 0 | |
| The Chicago School of Professional Psychology Counseling Centers | |||||||||||
| 1145 Gayley Avenue | Los Angeles | CA | 90024 | 952556403 | Education | CA | 501(c)(3) | Line 2 | TCS CA | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (7 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| The Chicago School of Professional Psychology | ||
| P | 523062 | Actual |
| The Chicago School of Professional Psychology | ||
| Q | 134142 | Actual |
| The Chicago School of Professional Psychology | ||
| R | 56935 | Actual |
| The Chicago School of Professional Psychology | ||
| Q | 106621 | Actual |
| TCS Education System | ||
| O | 9116154 | Actual |
| TCS Education System | ||
| P | 2363328 | Actual |
| TCS Education System | ||
| Q | 6908376 | Actual |
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