2013-12-20T14:42:45-06:00 2013-05-31 420714325 MCGLADREY LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2012-06-01 951716809 Pacific Oaks Education Corporation PACI 6265298246 55 Eureka Street Pasadena CA 91103 Glenn Renzulli 6265298246 2013-12-20 1 Wayne Harder P00294296 3126343400 2012 2015-11-30 17:44:51Z Michael Horowitz 350 N Orleans Ste 1050 Chicago IL 60654 19337093 0 X www.PacificOaks.edu X 1945 CA Pacific Oaks College prepares students to be culturally intelligent agents of change serving diverse communities in fields of human development, education, and family studies. 13 11 262 239 0 0 577435 579180 11642620 17620601 113832 139827 116290 292985 12450177 18632593 681604 1221292 0 0 7332970 8798515 0 20000 670036 7169670 7101522 15184244 17141329 -2734067 1491264 18229352 17434277 7090911 4150460 11138441 13283817 X 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. 0 0 10551239 1221292 17620601 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. 10551239 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 1 31 0 1 262 1 0 0 0 0 0 1 1 0 0 0 0 X 13 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 CA X Glenn Renzulli 3124886047 350 North Orleans Suite 1050 Chicago IL 60654 Dorothy Farris 2.00 4.00 X 0 0 0 Olin Barrett 2.00 0.00 X 0 0 0 Jerry Mandel 2.00 0.00 X 0 0 0 Tenny Mickey 2.00 0.00 X 0 0 0 Dean Chung 2.00 2.00 X 0 0 0 Terrence Layng 2.00 6.00 X 0 0 0 Mary Pattiz 2.00 6.00 X 0 0 0 Allison Shearmur 2.00 0.00 X 0 0 0 Devy Schonfeld 2.00 0.00 X 0 0 0 Beverly Thelander 2.00 0.00 X 0 0 0 Mary Tudela 2.00 8.00 X 0 0 0 Michael Horowitz 2.00 38.00 X X 0 930822 204712 Ezat Parnia 40.00 0.00 X 213395 0 26873 Jennifer DeMay 2.00 38.00 X 0 207679 28971 LaKeisha Marsh 2.00 38.00 X 0 127364 14186 Shari Mikos 2.00 38.00 X 0 98553 12818 Glenn Renzulli 2.00 38.00 X 0 234250 14733 Kerry Neal 40.00 0.00 X 160447 0 20964 Carl Kalani Beyer 40.00 0.00 X 161056 0 11425 Crystal Czubernat 40.00 0.00 X 118159 0 18065 653057 1598668 352747 4 0 1 0 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 3 1225 577955 34766 579180 Tuition & Fee Revenue 611310 17620601 17620601 17620601 137785 137785 25871 25871 675968 673926 2042 2042 2042 93082 1225 30574 62508 62508 204606 204606 204606 18632593 17620601 0 432812 1221292 1221292 240269 205998 34271 7070757 5792577 865588 412592 330160 263954 46751 19455 651118 352717 267700 30701 506211 425453 53368 27390 237467 67095 166672 3700 18293 18293 20000 20000 8773 8773 320709 163135 146416 11158 1402729 40949 1349661 12119 508066 299747 147473 60846 47510 25345 18333 3832 1541430 1023277 518153 183429 129279 36482 17668 209573 155702 43750 10121 2643 2643 163712 98227 65485 158653 158653 Central Admin Allocatio 1170881 1170881 Student Services 171013 164444 6569 Dues and Memberships 82086 47639 30900 3547 874555 74409 763239 36907 17141329 10551239 5920054 670036 2921129 6694394 1884747 83253 54406 522734 531485 75000 50000 900000 149692 198619 2947304 412138 2337035 2535166 4645992 6404152 5609770 66055 18229352 17434277 1321198 1698872 1713669 2201637 4056044 0 249951 7090911 4150460 X 4397767 7734532 2741736 1550347 3998938 3998938 11138441 13283817 18229352 17434277 X 1491264 724279 -70167 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4494648 1000000 811120 191069 24044 6090655 5126562 75000 -167394 134548 396333 8639 4494648 7503080 779596 3156114 5126562 6872628 3500 937129 310177 7503080 8443144 1000 -1211810 359706 6872628 0.16420 0.65660 0.17920 0 0 247242 247242 2254992 188231 2066761 276022 143506 132516 169048 80401 88647 2535166 Deferred Rent 111776 Due to Affiliates 138175 249951 X 18126807 724279 724279 17402528 8773 1221292 1230065 18632593 15981431 70167 70167 15911264 8773 1221292 1230065 17141329 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. 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 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. 1 Community Counselling Service Co LLC 461 Fifth Avenue 3rd Floor New York NY 10017 Capital Campaign Feasibility Study 0 0 20000 -20000 20000 -20000 Silent Auction Event 94307 1225 93082 306 359 29909 94307 1225 93082 306 359 29909 30574 62508 1 Scholarships 2026 1221292 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: 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. 0 1 0 0 0 0 0 0 0 Michael Horowitz 0 546892 0 366938 0 16992 0 183609 0 21103 0 1135534 0 0 Ezat Parnia 213395 0 0 0 0 0 0 0 26873 0 240268 0 0 0 Jennifer DeMay 0 180679 0 27000 0 0 0 15190 0 13781 0 236650 0 0 Glenn Renzulli 0 205000 0 29250 0 0 0 14298 0 435 0 248983 0 0 Kerry Neal 158447 0 2000 0 0 0 11620 0 9344 0 181411 0 0 0 Carl Kalani Beyer 149956 0 11100 0 0 0 6225 0 5200 0 172481 0 0 0 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. Ezat Parnia College President Relocation Incentive X 75000 50000 0 1 1 50000 X 3 25461 FMV X Rug, Painting, Kitchen Remodeling 1 9305 FMV 0 0 0 0 Method for Determining Number of Contributors: Part I, Column (b): is the number of contributors. 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. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Bad Debt Mapping -70,167. 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 N/A 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 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