2013-01-08T08:33:34-06:00 2012-05-31 GRANT THORNTON LLP 175 W JACKSON BLVD STE 2000 CHICAGO IL 60604 990 2011-06-01 951716809 Pacific Oaks Education Corporation % YUG FON CHIQUITO PACI 6265298246 55 Eureka Street Pasadena CA 91103 GLENN RENZULLI 2013-01-08 true JULIE A DEE 3128560200 2011 2016-02-25 16:41:14Z Dr Ezat Parnia 55 Eureka Street Pasadena CA 91103 12769022 false 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. 12 11 220 176 0 248947 577435 7896813 11642620 871246 113832 26782 116290 9043788 12450177 156471 681604 0 0 6603102 7332970 0 0 832845 6646592 7169670 13406165 15184244 -4362377 -2734067 18404971 18229352 4251616 7090911 14153355 11138441 PACIFIC OAKS EDUCATION CORPORATION IS AN AFFILIATE OF TCS EDUCATION SYSTEM ("TCS ES"), WHICH 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. false false 10047834 681604 11642620 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. 10047834 true true false false false false false false false true true true false true false true true true true false false false false false true false false false true true false false false true false false false false false false false false false true false false false false true 28 0 true 220 true false false false false false true true false false false false X 12 11 false false false false true true true true true false false true true true true true false true true false CA X YUG FON CHIQUITO 6265298248 55 EUREKA Pasadena CA 91103 X Dorothy Farris 2.0 X 0 0 0 Jerry Mandel 2.0 X 0 0 0 Olin Barrett 2.0 X 0 0 0 Tenny Mickey 2.0 X 0 0 0 Dean Chung 2.0 X 0 0 0 Michael Horowitz 2.0 X X 0 576917 112724 Terrence Layng 2.0 X 0 0 0 Mary Pattiz 2.0 X 0 0 0 Allison Shearmur 2.0 X 0 0 0 Devy Schonfeld 2.0 X 0 0 0 Beverly Thelander 2.0 X 0 0 0 Mary Tudela 2.0 X 0 0 0 Norris Bernstein 2.0 X 0 0 0 Jennifer DeMay 2.0 X 0 172678 9259 LaKeisha Marsh 2.0 X 0 99413 9111 Shari Mikos 2.0 X 0 85379 10920 Glenn Renzulli 2.0 X 0 149038 0 Tamara Rozhon-060111-83111 2.0 X 192928 71003 20327 Ezat Parnia - 1172012-Current 40.0 X 0 0 0 Kerry Neal 40.0 X 110041 0 7812 Linda Clowers 40.0 X 111199 0 9474 Carl Kalani Beyer 40.0 X 101656 0 2228 515824 1154428 181855 4 false true false Diamond Contract Services File 748041 LOS ANGELES CA 900748041 Maintenance 103696 1 3500 573935 18763 577435 TUITION AND FEE REVENUE 611310 11642620 11642620 11642620 107410 107410 0 20504 20504 35759 35759 35759 35759 304800 298378 6422 6422 6422 80494 3500 20467 60027 56967 0 0 0 12450177 11642620 227062 0 681604 681604 0 0 1753220 1503151 176452 73617 0 4184228 3587414 421120 175694 261403 214426 27477 19500 698387 585390 69348 43649 435732 357422 45806 32504 81788 81788 7895 7895 32500 32500 0 0 17082 17082 227885 227885 1164566 1076220 88346 321817 195615 103374 22828 48458 38766 4846 4846 0 1511708 1145794 362780 3134 123364 109487 872 13005 0 107061 85650 10706 10705 0 0 243802 155246 88556 177605 177605 DUES AND MEMBERSHIPS 71409 35498 14294 21617 STUDENT SERVICES 58225 58225 BAD DEBT EXPENSE 109901 109901 IMPAIRMENT LOSS 1090653 1090653 1773951 108025 1342526 323400 15184244 10047834 4303565 832845 1929255 2921129 1722905 1884747 132028 83253 225671 522734 0 75000 0 0 0 0 0 0 151090 149692 2585460 248425 9040830 2337035 5126562 4645992 0 0 0 0 0 0 76630 5609770 18404971 18229352 1162966 1321198 0 0 302586 1713669 0 0 0 0 0 0 0 4056044 0 0 2786064 0 4251616 7090911 X 7223775 4397767 2838152 2741736 4091428 3998938 14153355 11138441 18404971 18229352 X -2734067 -280847 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5126562 75000 -167394 134548 396333 8639 4494648 7503080 779596 3156114 5126562 6872628 3500 937129 310177 7503080 8443144 1000 -1211810 359706 6872628 0.03650 0.88970 0.14680 false false 33465 33465 1364875 69994 1294881 953669 50621 903048 226072 124437 101635 7379 3373 4006 2337035 ASSETS HELD FOR SALE: BUILDING 5547267 OTHER 62503 5609770 0 0 12450177 15184244 -2734067 -280847 -280847 -3014914 11508193 -280847 -681604 -962451 12470644 -20467 -20467 12450177 14506025 20467 20467 14485558 17082 681604 698686 15184244 Schedule D, Part V, Line 4. Intended Uses of Endowment Funds 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. Schedule D, Part X, Line 2 FIN 48 The Institution is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. It is also exempt from California income taxes. Accordingly, no provision for federal or California income taxes is included in the accompanying financial statements. The institution evaluates its uncertain tax positions using the provisions of FASB ASC 740, "Income Taxes." The institution follows the criterion that an individual tax position has to meet for some or all of the benefits of that position to be recognized in the Institution's financial statements. The Institution determined that the relevant tax authority would more likely than not sustain the tax position following an audit. The Institution has applied this criterion to all tax positions for which the statute of limitations remains open. Tax years open to examination by tax authorities under the statute of limitations include fiscal 2008 through 2011. The Institution has a policy to record interest and penalties (if any) related to income tax matters in income tax expense. The Institution has determined that its tax positions satisfy the more likely than not criterion and that no provision for income taxes is required at May 31, 2012. For the year ended May 31, 2012, no interest and penalties were recorded. Schedule D, Part XII, Line 2d Supplemental Description - Other Tuition Discounts and Scholarships reported as a contra revenue account: $(681,604) Schedule D, Part XII, Line 4b Supplemental Description - Other Fundraising Expenses: $(20,467) Schedule D, Part XIII, Line 2d Supplemental Description - Other Fundraising Expenses: $20,467 Schedule D, Part XIII, Line 4b Supplemental Description - Other Tuition Discounts and Scholarships reported as a contra revenue account: $681,604 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 Publication of Racially Nondiscriminatory Policy 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. Schedule E, Part I, Line 6a Government Assistance Pacific Oaks College receives funds from the U.S. 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 T, and California Grant Subsistence. Spring Event 83994 3500 80494 3500 5101 8624 3242 0 83994 3500 80494 3500 5101 8624 3242 20467 60027 true Scholarships-tuition reduction 473 681604 Schedule I, Part I, Line 2 Procedure for Monitoring Use of Grant Funds Inside U.S. 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. X true true X X X X true true false false false false false false false Michael Horowitz 0 470250 0 70667 0 36000 0 110224 0 2500 0 689641 0 0 Jennifer DeMay 0 172678 0 0 0 0 0 1938 0 7321 0 181937 0 0 Tamara Rozhon-060111-83111 192928 60003 0 0 0 11000 14096 4500 1058 673 208082 76176 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use A housing allowance was given to the interim President of Pacific Oaks College & Children's School in the amount of $36,000. This arrangement is part of the president's employment contract and the payment was included in his reportable compensation. Schedule J, Part I, Line 4a Severance or change of control Rose Anne Nespica received $65,998 in bi-weekly severance payments during the fiscal year Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan PACIFIC OAKS EDUCATION CORPORATION EMPLOYEES PARTICIPATE IN SUPPLEMENTAL RETIREMENT PLANS THROUGH THE RELATED ORGANIZATION, TCS EDUCATION SYSTEM. DR. MICHAEL HOROWITZ RECEIVED EMPLOYER CONTRIBUTIONS TO A 403(B) PLAN IN THE AMOUNT OF $40,045 FROM THE RELATED ORGANIZATION. HE ALSO PARTICIPATED IN A 457(B) PLAN, DEFERRING $16,500 TO FUTURE YEARS AND A 457(F) PLAN, DEFERRING $69,783 TO FUTURE YEARS. Ezat Parnia Relocation incentive X 75000 75000 false true true 75000 Form 990, Part VI, Line 6 Members or Stockholders TCS Education System ("TCS ES") is the sole corporate member of Pacific Oaks Education Corporation ("POEC"). Form 990, Part VI, Line 7a and 7b Members or Stockholders Who May Elect THE POWERS AND AUTHORITY OF THE MEMBER SHALL BE LIMITED TO THE FOLLOWING: - 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. - THE AUTHORITY OF THE MEMBER TO CONSENT TO A CHANGE IN THE MISSION OR PURPOSE OF THE CORPORATION. - THE AUTHORITY OF THE MEMBER TO CONSENT TO A CHANGE IN THE LEGAL ENTITY OR TAX STRUCTURE OF THE CORPORATION. - THE AUTHORITY OF THE MEMBER TO CONSENT TO AMENDMENTS TO THE articles of incorporation or bylaws. Form 990, Part VI, Line 11b Form 990 Review Process The form 990 is prepared by an independent accounting firm, based upon information provided by 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, Line 12c Conflict of Interest Policy Monitoring & Enforcement An interested person must 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 of the governance committee, the interested person excluded from any deliberations or action concerning the matter that gives rise to the conflict of interest. Each Board member, corporate officer, and board committee members annually signs 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. Form 990, Part VI, Line 14 Document retention and destruction policy The organization currently has no formal document retention and destruction policy. The organization does, however, follow document retention and destruction policies relating to student documents. The organization does also follow all IRS policies relating to the document retention and destruction policies for IRS forms and supporting documentation. The organization will be looking into adopting a formal policy within the next fiscal year. Form 990, Part VI, Line 15a and 15b Process for Determining Compensation COMPENSATION FOR ALL MEMBERS OF PACIFIC OAKS COLLEGE AND PACIFIC OAKS CHILDREN'S SCHOOL ARE DETERMINED BASED UPON MARKET STUDIES, POSITION DESCRIPTION, BACKGROUND OF CANDIDATES AND INCUMBENTS AND THE OVERALL COMPENSATION PLANS. EACH CABINET MEMBER'S COMPENSATION IS DECIDED UPON BY THE PRESIDENT, THE DIRECTOR OF FINANCE, AND THE MANAGER OF HUMAN RESOURCES. THE COLLEGE PRESIDENT'S COMPENSATION IS DECIDED UPON BY THE BOARD OF TRUSTEES. THE COMPENSATION COMMITTEE OF THE BOARD OF TCS ES IS RESPONSIBLE FOR REVIEW AND APPROVAL OF COMPENSATION OF TCS ES CORPORATE OFFICERS including top management officials. The review process of the TCS ES president and corporate officers is documented contemporaneously in the organization's compensation committee. Form 990, Part VI, Line 19 How Documents are Made Available to the Public The organization's by-laws, Articles of Incorporation, Conflict of Interest Policy, and audited financial statements are available upon request. Form 990, Part XI, Line 5 Other Changes in Net Assets Unrealized Losses: $(280,847) Other Changes in Net Assets: $(280,847) HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Dorothy Farris TITLE:Board Chair HOURS:4 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Dean Chung TITLE:Trustee HOURS:4 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Michael Horowitz TITLE:Trustee/Corporate President HOURS:38 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Terrence Layng TITLE:Trustee HOURS:4 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Mary Pattiz TITLE:Trustee HOURS:6 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Mary Tudela TITLE:Trustee HOURS:4 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Jennifer DeMay TITLE:Corporate Secretary HOURS:38 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:LaKeisha Marsh TITLE:Asst. Corporate Secretary HOURS:38 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Shari Mikos TITLE:Asst. Corporate Secretary HOURS:38 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Glenn Renzulli TITLE:Corporate Treasurer HOURS:38 OTHER EXPENSES FORM 990 PART IX DESCRIPTION:OTHER TOTAL EXPENSES:1773951 PROGRAM SERVICES:108025 MANAGEMENT AND GENERAL:1342526 FUNDRAISING:323400 SANTA BARBARA & VENTURA COLLEGES OF LAW 4475 MARKET STREET VENTURA CA 93003 952592468 EDUCATION CA 501(c)3 02 TCS ES false TCS California 617 WEST 7TH STREET LOS ANGELES CA 90017 900394713 EDUCATION CA 501(c)3 02 TCSPP false THE CHICAGO SCHOOL OF PROF PSYCHOLOGY 325 NORTH WELLS CHICAGO IL 60654 363005527 EDUCATION IL 501(c)3 03 TCS ES false TCS FOUNDATION 350 NORTH ORLEANS CHICAGO IL 60654 270973121 SUPT ORG IL 501(c)3 07 TCS ES false TCS EDUCATION SYSTEM 350 NORTH ORLEANS CHICAGO IL 60654 270717860 SUPT ORG IL 501(c)3 11-II NA false TCS COMMUNITY EDUCATION 325 NORTH WELLS CHICAGO IL 60601 300517884 CHARTER SCH. IL 501(c)3 02 TCS ES false THE CHICAGO SCHOOL - WASHINGTON DC 901 15TH STREET NW WASHINGTON DC 20005 800477644 EDUCATION DC 501(c)3 02 TCSPP false California Graduate Institute 1145 GAYLEY AVENUE LOS ANGELES CA 90024 952556403 EDUCATION CA 501(c)3 02 TCSPP false false false false true false false false false false false false false false false false true false false