2013-12-20T15:04:37-06:00 2013-05-31 420714325 MCGLADREY LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2012-06-01 363005527 The Chicago School of Professional Psychology CHIC 3123296600 325 North Wells Chicago IL 60654 Glenn Renzulli 3123296600 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 69206205 0 X www.TheChicagoSchool.edu X 1979 IL Integrating theory, practice, & innovation The Chicago School of Professional Psychology provides an excellent education for careers in psychology & related behavioral & health sciences. 13 11 947 0 0 0 655941 264854 69310577 68751249 160630 190102 0 0 70127148 69206205 586158 837188 0 0 25957553 27016289 0 0 447434 40716571 29194050 67260282 57047527 2866866 12158678 38926560 51632403 21231626 20634035 17694934 30998368 X Integrating theory, practice, & innovation The Chicago School of Professional Psychology provides an excellent education for careers in psychology & related behavioral & health sciences. The School is committed to service & embraces the diverse communities of our society. 0 0 33963709 837188 68751249 The Chicago School of Professional Psychology (The "School") is a private non-profit educational institution preparing professional psychologists who reflect in practice a commitment to respecting and acknowledging individual and cultural differences. The school was incorporated and began its first classes in Illinois in 1979. The school received authority from the Illinois Board of Higher Education to award the degree of Doctor of Psychology (PSY.D.) in Clinical Psychology in 1979, the Masters Degree (M.A.) in Clinical Psychology in 1998, the Masters Degree (M.A.) in Forensic Psychology in 2001, the Doctor of Psychology (PSY.D.) in Business Psychology in 2004, and Education Specialist (EDS) in School Psychology in 2006. The Higher Learning Commission of the North Central Association of Colleges and Schools accredited the School in 1984. In 1987, the Clinical Psy.D. program at the Chicago campus was accredited by the American Psychological Association. The School currently enrolls approximately 3,600 students in its graduate level academic programs. 33963709 1 1 0 0 0 0 0 0 0 1 1 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 43 0 1 947 1 0 0 0 0 0 0 0 0 0 0 X 13 11 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 IL X Glenn Renzulli 3124486047 350 North Orleans Suite 1050 Chicago IL 60654 Edward Bergmark 4.00 10.00 X 0 0 0 Linda Havard 4.00 8.00 X 0 0 0 Richard Chaifetz 4.00 10.00 X 0 0 0 John DelMonaco 2.00 2.00 X 0 0 0 Bruce Fox 2.00 4.00 X 0 0 0 Terrence Layng 2.00 6.00 X 0 0 0 Malcolm McNeil 2.00 2.00 X 0 0 0 George Mitchell 4.00 8.00 X 0 0 0 Antonio Tijerino 2.00 2.00 X 0 0 0 Mary Tudela 2.00 8.00 X 0 0 0 Joseph White 2.00 2.00 X 0 0 0 Michele Nealon-Woods 4.00 36.00 X 381636 0 35966 Michael Horowitz 2.00 38.00 X X 0 930822 204712 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 Patricia Arredondo 40.00 0.00 X 0 0 0 Carole Robertson left 42013 40.00 0.00 X 142420 0 19411 Geoffrey Lantz left 42013 40.00 0.00 X 138212 0 19487 Michael Barr-Schinzel 40.00 0.00 X 137392 0 14834 Thomas Barrett 40.00 0.00 X 132058 0 19123 931718 1598668 384241 5 0 1 0 Deltak Edu Inc 1415 West 22nd Street Suite 400 Oakbrook IL 60523 Online Education Service Provider 3987905 The Millard Group 7301 N Cicero Lincolnwood IL 60712 Janitoral 171285 2 264854 264854 Tuition Revenue 611310 63158794 63158794 Intercompany Revenue 611310 5180377 5180377 Other School Revenue 611310 412078 412078 68751249 190102 190102 69206205 68751249 0 190102 837188 837188 381636 344831 36805 21765356 19395275 2070131 299950 1508404 1357000 138240 13164 1562201 1081611 459716 20874 1798692 1628424 147895 22373 3707258 116527 3579917 10814 7467 17500 -10033 643566 227297 410138 6131 3016060 4412 3009617 2031 602544 348200 243670 10674 99013 67016 31934 63 2850464 1984817 863588 2059 536935 368618 125738 42579 196227 152671 34833 8723 683091 683091 1257705 754623 503082 303163 303163 Student Services 7670261 5088603 2581658 TCSPP National Support 3536537 3762 3532775 Bad Debt 335675 335675 Dues and Memberships 260461 181625 70837 7999 3487623 3709 3483914 57047527 33963709 22636384 447434 7129235 16596402 448455 399906 276513 457993 30231227 10841371 19944555 19389856 6426927 7618478 4700875 7169768 38926560 51632403 3229605 3879542 2376184 1883701 11053194 10598800 2975000 1425800 1597643 2846192 21231626 20634035 X 16239375 29277578 193572 255066 1261987 1465724 17694934 30998368 38926560 51632403 X 12158678 1038857 105899 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 6428738 5001215 1228957 39270 12619640 5463234 1387993 -342844 79645 6428738 4685663 676345 760842 659616 5463234 4556510 129153 4685663 4419350 1073049 -935889 4556510 0.88390 0.11610 0.00000 0 0 20363539 3995665 16367874 3657277 1564161 2093116 1431551 1281841 149710 4778860 3999704 779156 19389856 Due From Related Entities 6291169 Financing Cost 362728 Other Assets 481937 Interest Rate Swap 33934 7169768 Due to Related Entities 895063 Deferred Rent 1397169 Other Liabilities 553960 2846192 X Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The Organization 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 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 Organization 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 Organization 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 campuses annually file Form 990s in the U.S. federal jurisdiction and in their respective state or district. The campuses' Form 990s for fiscal 2009 and subsequent years are subject to examination by the Internal Revenue Service. 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 The Chicago School of Professional Psychology nondiscrimination policies are published in the academic catalog, student handbook, and admissions policies, which are available to the public via the institution's website. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 The Chicago School of Professional Psychology 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, and Federal Direct Plus Loan Program. South America 0 3 Program Services Instruction (Adjunct Salaries) 104496 Sub-Saharan Africa 0 1 Program Services Instruction (Adjunct Salaries) 33952 0 4 0 0 0 4 138448 0 138448 0 0 0 0 0 0 1 Fellowships/Scholarships 122 837188 Form 990, Schedule I Description of Organization's Procedures for Monitoring the Use of Grants The Chicago School of Professional Psychology 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 need-based 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 score of 1300. The Chicago School and its partners award fellowships to students who contribute to the academic community in and outside the classroom. Fellowship receipients 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 programmatic, research, and administrative activities within the department office. 0 1 0 0 0 0 0 0 0 Michele Nealon-Woods 293394 0 71250 0 16992 0 26652 0 9314 0 417602 0 0 0 Michael Horowitz 0 546892 0 366938 0 16992 0 183609 0 21103 0 1135534 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 Carole Robertson left 42013 123670 0 18750 0 0 0 10307 0 9104 0 161831 0 0 0 Geoffrey Lantz left 42013 135512 0 2700 0 0 0 10028 0 9459 0 157699 0 0 0 Michael Barr-Schinzel 134542 0 2850 0 0 0 9758 0 5076 0 152226 0 0 0 Thomas Barrett 128458 0 3600 0 0 0 9597 0 9526 0 151181 0 0 0 Part I, Line 3 The Chicago School of Professional Psychology 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 orginizations - Approval by the Board of Compensation Committee Part I, Line 4b The Chicago School of Professional Psychology employees participate in supplemental retirement plans directly through The Chicago School of Professional Psychology. Dr. Michael Horowitz is vested in a 457(f) plan, for which the calendar year 2012 contributions from TCS Education System totaled $131,109. A Illinois Development Finance Authority 861091967 NoneAvail 2007-10-31 13510000 Refunding of 2003 Issue/Project 0 0 0 B Illinois Development Finance Authority 861091967 NoneAvail 2009-03-01 5100000 Expansion/Reconfig School Campus 0 0 0 C Illinois Development Finance Authority 861091967 NoneAvail 2010-01-01 10000000 Refunding of 2007 Issue 0 0 0 A 13525349 13525349 266108 6275473 6983768 2009 1 0 1 1 B 5100000 102000 4998000 2009 0 0 1 1 C 10000000 10000000 2013 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 1 0 0 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 0 C 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 1 0 0 0 0 0 0 0 A 0 B 0 C 0 Form 990, Part VI, Section A, line 4 The Chicago School - California, Inc. is the initial and sole corporate member of The Chicago School of Professional Psychology. The identification of the sole member is outlined in the Bylaws. Form 990, Part VI, Section A, line 6 TCS California, Inc. ("TCS CA") IS the sole corporate member of The Chicago School of Professional Psychology ("TCSPP") Form 990, Part VI, Section A, line 7a The corporate member, TCS California, Inc. 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 following powers and responsibilities are reserved unto the corporate member, TCS California, Inc.: The following powers and responsibilities are reserved unto the corporate member, TCS California, Inc.: a.The authority of the Member to appoint persons to membership on the Board of Directors and shall consent to any removal of a director of the Board. b.The authority of the Member to appoint officers of the Corporation. c.The authority of the Member to consent to a change in the Mission or Purpose of the Corporation. d.The authority of the Member to consent to a change in the legal entity or tax structure of the Corporation. e.The authority of the Member to approve amendments or revisions to the Articles of Incorporation or Bylaws. f.The authority of the Member to enter into any mortgage, deed of trust, pledge or other hypothecation of all or any part of the Corporation's property, real or personal, for the purpose of securing the payment or performance of any contract or obligation. g.The authority of the Member to approve any Board decision to sell all or substantially all of the Corporation's assets. h.The authority of the Member to enter into any merger or consolidation of the Corporation. 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 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 TCSPP Executive. 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: Loss of Intercompany Balance Upon Dissolution -27,344. Unrealized Gains on Interest Rate Swap 133,243. TCSPP Counseling Centers 1145 Gayley Avenue Los Angeles CA 90024 952556403 Education CA 501(c)(3) Line 2 TCS CA 0 TCS Community Education 325 North Wells Chicago IL 60654 300517884 Charter School IL 501(c)(3) Line 2 TCS ES 0 The Chicago School - California Inc 617 W 7TH Street Los Angeles CA 90017 900394713 Education CA 501(c)(3) Line 2 TCS ES 0 TCS Education System 350 N Orleans Chicago IL 60654 270717860 Supt Org IL 501(c)(3) Line 11b, II N/A 0 The Chicago School- Washington DC 901 15TH Street NW Washington DC 20005 800477644 Education DC 501(c)(3) Line 2 TCS CA 0 Pacific Oaks Education Corporation 55 Eureka Street Pasadena CA 91103 951716809 Education CA 501(c)(3) Line 2 TCSES 0 Santa Barbara & Ventura College of Law 4475 Market Street Ventura CA 93003 952592468 Education CA 501(c)(3) Line 2 TCSES 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 TCSPP Counseling Centers S 120072 Actual The Chicago School - California Inc P 1783731 Actual The Chicago School - California Inc Q 3827085 Actual The Chicago School - California Inc S 2378008 Actual Pacific Oaks Education Corporation P 134142 Actual Pacific Oaks Education Corporation Q 523062 Actual Pacific Oaks Education Corporation S 56935 Actual Santa Barbara & Ventura Colleges of Law Q 176322 Actual The Chicago School - Washington DC P 495190 Actual The Chicago School - Washington DC Q 921250 Actual The Chicago School - Washington DC R 161771 Actual The Chicago School - Washington DC S 354802 Actual TCS Education System P 24730701 Actual TCS Education System Q 13899832 Actual TCS Education System R 13668039 Actual TCS Education System S 3513868 Actual TCS Education System D 2075355 Actual