2013-01-15T14:35:08-06:00 2012-05-31 ERNST & YOUNG US LLP 111 MONUMENT CIRCLE STE 2600 INDIANAPOLIS IN 46204 990 2011-06-01 270717860 TCS Education System % MICHAEL SHERMAN TCSE 3123791699 350 North Orleans Chicago IL 60654 Glenn Renzulli 2013-01-15 3176817000 2011 2016-02-25 16:41:14Z Michael Horowitz 350 North Orleans Suite 1050 Chicago IL 60654 35014591 false X www.tcsedsystem.edu X 2009 IL TCS EDUCATION SYSTEM PREPARES INNOVATIVE, PURPOSEFUL AGENTS OF CHANGE WHO SERVE OUR GLOBAL COMMUNITY. 19 18 228 0 0 22834480 10520 43970605 35020064 0 -15993 158156 0 66963241 35014591 0 11625 0 0 18044761 14206779 0 0 0 30231831 13126896 48276592 27345300 18686649 7669291 43173360 31024373 28500368 8707490 14672992 22316883 The TCS Education System prepares and engages innovative, purposeful agents of change who serve our global community. false false 18199806 11625 35020064 TCS Education System provides administration and support services to affiliated 501(c)(3) educational institutions. Supporting functions include human resources, finance, accounting, information technology, administration, marketing, student services, facilities, and student accounts. 18199806 true false false false false false false false false false true false false true true false false true false false false false false false false false false false true true false false false false false true false false false false false false true true true true false false true 26 0 true 228 true false false false false false false false false false false false X 19 18 false false false false false false false true true false false true true true true true false true true false IL X MICHAEL SHERMAN 3123791681 350 NORTH ORLEANS SUITE 1050 Chicago IL 60654 X Ricardo Grunsten 2.0 X 0 0 0 Edward Bergmark 2.0 X 0 0 0 Richard Chaifetz 2.0 X 0 0 0 Dean Chung 2.0 X 0 0 0 Allen Cizner 2.0 X 0 0 0 Steven Cohen 2.0 X 0 0 0 John DelMonaco MAY 2012 2.0 X 0 0 0 Paul Dillion MAY 2012 2.0 X 0 0 0 Dorothy Farris 2.0 X 0 0 0 Bruce Fox 2.0 X 0 0 0 Linda Havard 2.0 X 0 0 0 William Houston 2.0 X 0 0 0 Kevin Kotecki 2.0 X 0 0 0 Joe Layng 2.0 X 0 0 0 Douglas Patinkin 2.0 X 0 0 0 Mary Pattiz 2.0 X 0 0 0 Matthew Sauer 2.0 X 0 0 0 Mary Tudela 2.0 X 0 0 0 Michael Horowitz 24.0 X X 593417 0 112724 Steven Nakisher 2.0 X 0 0 0 George Mitchell 2.0 X 0 0 0 Glenn Renzulli 24.0 X 149038 0 0 Jennifer DeMay 24.0 X 172679 0 9259 LaKeisha Marsh 24.0 X 99413 0 9111 Shari Mikos 24.0 X 85379 0 10921 Michele Nealon-Woods 2.0 X 229649 0 26678 Patricia Breen 2.0 X 86539 138462 15750 Robyn Palmershein 40.0 X 166179 0 21071 Mark Greisbaum 40.0 X 50738 169126 11061 Terrence Merkley 40.0 X 161092 0 13630 Tamara Rozhon MAY 2011 X 71003 192928 20327 Jeffery Keith May 2011 X 598139 0 9696 2463265 500516 260228 7 true true false Google Inc Dept 33654 Box 39000 SAN FRANCISCO CA 94139 MARKETING 754955 Ernst Young 155 North Wacker Drive CHICAGO IL 60606 AUDITING/CONSULTING 552099 Fifth Third Bank PO Box 740523 CINCINNATI OH 45274 BANKING 453840 Marketing Support 200 E Randolph CHICAGO IL 60601 MARKETING 433155 ATT Payment Center SACRAMENTO CA 95887 TELEPHONE SERVICES 382455 25 10520 10520 Management Fees 611310 34759034 34759034 TUITION RELATED TO TEACH-OUT(SCHEDULE O) 611310 247601 247601 Fees 611310 46 46 Other school revenue 611310 13383 13383 35020064 -15993 -15993 0 0 0 0 0 0 0 35014591 35020064 0 -15993 0 11625 11625 0 0 2463264 2463264 0 9069112 7255290 1813822 781399 625119 156280 1027781 822225 205556 865223 692178 173045 683573 683573 365981 365981 1062732 1062732 0 0 0 0 4171326 3337061 834265 1183426 946741 236685 740672 592538 148134 0 1438753 1151002 287751 336013 268810 67203 0 107195 85756 21439 328376 262701 65675 0 2053577 1642862 410715 335154 268123 67031 Bad debt -182539 -146031 -36508 Dues/Subscriptions 161025 128820 32205 Asset impairment/disposal 22899 22899 New Initiatives 100000 80000 20000 218733 174986 43747 27345300 18199806 9145494 0 1448386 54568 0 0 0 0 550265 112610 0 0 0 0 0 0 0 0 491133 756650 7131218 4041319 4914799 3089899 0 0 0 0 0 0 0 0 35768777 27010646 43173360 31024373 5452386 4401438 0 0 1335669 0 0 0 0 0 0 0 16788060 2877600 0 0 4924253 1428452 28500368 8707490 X -8161488 -517597 0 0 22834480 22834480 14672992 22316883 43173360 31024373 X 7669291 -25400 X false true true X false X X X X false false false THE CHICAGO SCHOOL OF PROFESSIONAL PSYCHOLOGY 363005527 02 true true true 0 PACIFIC OAKS EDUCATION CORPORATION 951716809 02 true true true 0 SANTA BARBARA AND VENTURA COLLEGES OF LAW 952592468 02 true true true 0 3 0 TCS EDUCATION SYSTEM WAS ESTABLISHED TO PROVIDE ADMINISTRATIVE AND MANAGEMENT SERVICES TO ITS SUPPORTED ORGANIZATIONS. TCS EDUCATION SYSTEM PROVIDES SAID SUPPORT TO TCS FOUNDATION, PACIFIC OAKS EDUCATION CORPORATION, SANTA BARBARA AND VENTURA COLLEGES OF LAW, AND THE CHICAGO SCHOOL OF PROFESSIONAL PSYCHOLOGY AND ALL OF ITS CAMPUSES. AS OF MAY 31, 2012, THE CHICAGO SCHOOL OF PROFESSIONAL PSYCHOLOGY WAS THE SOLE MEMBER OF EACH OF ITS CAMPUSES LEGAL ENTITY: THE CHICAGO SCHOOL - WASHINGTON, D.C., THE CHICAGO SCHOOL - CALIFORNIA, AND Chicago School of Professional Psychology Counseling Centers. 0 829585 269418 560167 0 2874101 1927174 946927 0 3427532 1844727 1582805 3089899 DUE FROM RELATED ENTITIES 25059 NET ASSETS OF AFFILIATES 22834480 DEFERRED FINANCING COSTS 95065 GOODWILL 4056044 27010648 0 DEFERRED RENT 545115 DUE TO RELATED ENTITIES 857937 Interest Rate Swap 25400 1428452 true SCHOLARSHIPS 3 11625 Form 990, Schedule I Description of Organization's Procedures for Monitoring the Use of Grants The Chicago School EDUCATION SYSTEM 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 committment to learning, developing, and participating in the programmatic, research, and administrative activities within the department office. X X X true true X X X X X X true true false false false false false true false Michael Horowitz 470250 0 70667 0 52500 0 110224 0 2500 0 706141 0 0 0 Tamara Rozhon MAY 2011 60003 192928 0 0 11000 0 0 18596 673 1058 71676 212582 0 0 Jeffery Keith May 2011 598139 0 0 0 0 0 9416 0 280 0 607835 0 0 0 Jennifer DeMay 172679 0 0 0 0 0 1938 0 7321 0 181938 0 0 0 Michele Nealon-Woods 213149 0 0 0 16500 0 16769 0 9909 0 256327 0 0 0 Robyn Palmershein 166179 0 0 0 0 0 12250 0 8821 0 187250 0 0 0 Mark Greisbaum 50738 169126 0 0 0 0 3670 69 1690 5632 56098 174827 0 0 Patricia Breen 70039 138462 0 0 16500 0 5291 10459 0 0 91830 148921 0 0 Terrence Merkley 161092 0 0 0 0 0 7153 0 6477 0 174722 0 0 0 Supplemental Compensation Information Schedule J, Part I, Line 1a TCS Education System provides certain benefits, including companion travel, housing allowance and dues to corporate officers, to facilitate long-term travel from Chicago to California, on behalf of the California affiliates. SCHEDULE J, PART I, LINE 4A THE FORMER CORPORATE TREASURER OF TCS EDUCATION SYSTEM, JEFF KEITH, RECEIVED SEVERANCE PAYMENTS IN THE AMOUNT OF $391,680 WHICH WERE PAID THRU MAY 27, 2011. SCHEDULE J, PART I, LINE 4B TCS Education System employees participate in supplemental retirement plans. Michele Nealon-Woods participated in a 457(b) plan, deferring $16,500 to future years. Patricia Breen received employer contributions to a 403(b) plan in the amount of $15,750. She also participated in a 457(b) plan, deferring $16,500 to future years. Dr. Michael Horowitz received employer contributions to a 403(b) plan in the amount of $14,049. 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. Tamara Rozhon participated in a 457(b) plan, deferring $11,000 to future years. SCHEDULE J, PART I, LINE 7 TCS EDUCATION SYSTEM PROVIDES A HOUSING ALLOWANCE OF $36,000 TO DR. MICHAEL HOROWITZ FOR HIS TRAVEL TO CALIFORNIA WITH THE CALIFORNIA-BASED ENTITIES. GSP MARKETING SEE SUPPLEMENTAL INFO. 378029 ADVERTISING/MARKETING false BUSINESS TRANSACTIONS WITH INTERESTED PERSONS SCHEDULE L, PART IV During the fiscal year ended May 31, 2012, the Organization paid GSP Marketing for $357,203 in agency services including but not limited to account management, marketing strategy, research, creative development and production services. In addition, the organization reimbursed GSP Marketing $20,826 for payments made directly to media outlets not owned by GSP. GSP Marketing is a company owned by Ricardo Grunsten, the Board Chair of TCS-ES. The services were provided at below market or fair value to TCS ES. Describe the Process used by Management &/or Governing Body to Review 990 Form 990, Part VI, Question 11 The Form 990 is prepared by an independent accounting firm Ernst & Young, U.S., 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. Description of Process to Monitor Transactions for Conflicts of Interest Form 990, Part VI, Question 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 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, and 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. Offices & Positions for Which Process was Used, & Year Process was Begun Form 990, Part VI, Questions 15a & 15b TCS Education System 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 TCS ES. Executive salaries are reviewed and approved by the Board's executive committee with the assistance of a benefits consulting firm (Hewitt Associates) that provides recommendations based on comparative data with other organizations. The Board documents the basis for all compensation determination in the records of the Board. DESCRIPTION OF TUITION AND FEES FORM 990, PART VIII, LINE 2B As the member of the single-member LLC, TCS Global, LLC, TCS Education System reports Tuition and Fees received by TCS Global's subsidiary, Santa Barbara Graduate Institute. SBGI COMPLETED ITS TEACH-OUT AS OF MARCH 31, 2012. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 5 UNREALIZED INVESTMENT EXPENSE (25,400) HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Ricardo Grunsten TITLE:Board Chair HOURS:6 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Edward Bergmark TITLE:Vice Chair HOURS:6 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Richard Chaifetz TITLE:Trustee HOURS:6 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Dean Chung TITLE:Trustee HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Dorothy Farris TITLE:Trustee HOURS:4 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Linda Havard TITLE:Trustee HOURS:4 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:William Houston TITLE:Trustee HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Joe Layng TITLE:Trustee HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Douglas Patinkin TITLE:Trustee HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Mary Pattiz TITLE:Trustee HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Matthew Sauer TITLE:Trustee HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Mary Tudela TITLE:Trustee HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Michael Horowitz TITLE:Corporate President/Trustee HOURS:16 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Steven Nakisher TITLE:Trustee HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:George Mitchell TITLE:Trustee HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Glenn Renzulli TITLE:Corporate Treasurer HOURS:16 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Jennifer DeMay TITLE:Corporate Secretary HOURS:16 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:LaKeisha Marsh TITLE:Asst. Corporate Secretary HOURS:16 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Shari Mikos TITLE:Asst. Corporate Secretary HOURS:16 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Michele Nealon-Woods TITLE:Institution President HOURS:40 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Patricia Breen TITLE:Senior V.P. of Academic Affair HOURS:40 TCS ONLINE LLC 325 NORTH WELLS CHICAGO IL 60654 800308615 EDUCATION DE 848260 0 TCS GLOBAL TCS EDUCATION - SANTA BARBARA LLC 2020 ALAMEDA PADRE SERRA SANTA BARBARA CA 93103 270745523 EDUCATION CA 2150897 0 TCS GLOBAL TCS GLOBAL 350 NORTH ORLEANS CHICAGO IL 60654 800308608 EDUCATION DE -1359090 -77912 TCS ES THE CHICAGO SCHOOL OF PROF PSYCHOLOGY 325 NORTH WELLS CHICAGO IL 60654 363005527 EDUCATION IL 501(C)(3) 2 TCS ES true THE CHICAGO SCHOOL OF PROF PSYCHOLOGY 325 NORTH WELLS CHICAGO IL 60654 363005527 EDUCATION IL 501(C)(3) 2 TCS ES true TCSPP COUNSELING CENTERS 1145 GAYLEY AVENUE LOS ANGELES CA 90024 952556403 EDUCATION CA 501(C)(3) 2 TCSPP true THE CHICAGO SCHOOL - WASHINGTON DC 901 15TH STREET NW WASHINGTON DC 20005 800477644 EDUCATION DC 501(C)(3) 2 TCSPP true TCS- CALIFORNIA INC 617 West 7th St Los Angeles CA 90017 900394713 EDUCATION CA 501(C)(3) 2 TCSPP true TCS COMMUNITY EDUCATION INC 325 NORTH WELLS CHICAGO IL 60654 300517884 CHARTER SCH. 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