2013-02-11T18:37:27-06:00 2012-06-30 910189318 MOSS ADAMS LLP 3121 WEST MARCH LANE SUITE 100 STOCKTON CA 952192303 990 2011-07-01 132981115 OTIS COLLEGE OF ART AND DESIGN OTIS 3106656800 9045 LINCOLN BLVD LOS ANGELES CA 90045 WILLIAM SCHAEFFER 3106656800 2013-02-07 1 TRACY S PAGLIA P00366884 2099556100 2011 2016-02-25 16:41:14Z SAMUEL HOI 9045 LINCOLN BLVD LOS ANGELES CA 90045 130097178 0 X WWW.OTIS.EDU X 1918 CA OTIS COLLEGE OF ART AND DESIGN IS A WASC ACCREDITED COLLEGE SPECIALIZING IN ART AND DESIGN EDUCATION, OFFERING BOTH GRADUATE AND UNDERGRADUATE DEGREES. 23 22 1121 0 0 0 2888658 3330932 42333033 45661270 691249 492336 -394853 -469462 45518087 49015076 9946694 10208444 0 0 24060748 26058081 0 40250 1248091 10277175 11159256 44284617 47466031 1233470 1549045 57703846 55485566 14228683 10702990 43475163 44782576 OTIS PREPARES DIVERSE STUDENTS OF ART AND DESIGN TO ENRICH OUR WORLD THROUGH THEIR CREATIVITY, THEIR SKILL, AND THEIR VISION. 0 0 35684723 10208444 45661270 OTIS PREPARES DIVERSE STUDENTS OF ART AND DESIGN TO ENRICH OUR WORLD THROUGH THEIR CREATIVITY, THEIR SKILL, AND THEIR VISION. THE COLLEGE OFFERS AN INTERDISCIPLINARY EDUCATION FOR 1,200 FULL-TIME STUDENTS, AWARDING ACCREDITED BFA DEGREES IN ADVERTISING, ARCHITECTURE/LANDSCAPE/INTERIORS, DIGITAL MEDIA, FASHION DESIGN, GRAPHIC DESIGN, ILLUSTRATION, PRODUCT DESIGN, PAINTING, PHOTOGRAPHY, SCULPTURE/NEW GENRES, AND TOY DESIGN; AND MFA DEGREES IN FINE ARTS, GRAPHIC DESIGN, PUBLIC PRACTICE, AND WRITING. CONTINUING EDUCATION OFFERS CERTIFICATE PROGRAMS AS WELL AS PERSONAL AND PROFESSIONAL DEVELOPMENT COURSES. 35684723 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 238 0 1 1121 1 0 0 0 0 0 1 1 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 CA X WILLIAM SCHAEFFER 3106656800 9045 LINCOLN BOULEVARD LOS ANGELES CA 90045 SAMUEL C HOI 37.50 X X 413162 0 35563 THOMAS MILLER 1.00 X 0 0 0 SUSAN CRANK 1.00 X 0 0 0 RODNEY FREEMAN 1.00 X 0 0 0 BOB MCKNIGHT 1.00 X 0 0 0 GAIL BUCHALTER 1.00 X 0 0 0 STEPHANIE COTA 1.00 X 0 0 0 BETTYE DIXON 1.00 X 0 0 0 BRONYA GALEF 1.00 X 0 0 0 ELAINE GOLDSMITH 1.00 X 0 0 0 STEPHEN JARCHOW 1.00 X 0 0 0 LAWRENCE LYTTLE 1.00 X 0 0 0 WINIFRED WHITE NEISSER 1.00 X 0 0 0 JIM RYGIEL 1.00 X 0 0 0 MICHAEL SMITH 1.00 X 0 0 0 CHRISTOPHER WICKS 1.00 X 0 0 0 WENDY WINTROB 1.00 X 0 0 0 ROGER WYETT 1.00 X 0 0 0 JENNIFER BELLA MAGUIRE 1.00 X 0 0 0 ROBERT FELDMAN 1.00 X 0 0 0 FREDERICK FISHER 1.00 X 0 0 0 DEBORAH LYNN IRMAS 1.00 X 0 0 0 STEPHEN JARCHOW 1.00 X 0 0 0 DIANE ZIERING 1.00 X 0 0 0 KERRY WALK 37.50 X 106975 0 18243 RANDALL LAVENDER 37.50 X 127990 0 19365 CHRIS J ALFORD 37.50 X 266149 0 49832 CARRIE STEWART 37.50 X 182340 0 16265 MARC MEREDITH 37.50 X 134499 0 19983 WILLIAM SCHAEFFER 37.50 X 76678 0 8440 DANA LOPEZ 37.50 X 102734 0 33193 EDWARD L SCHOENBERG 37.50 X 125921 0 19960 KALI NIKITAS 37.50 X 158040 0 17431 ROBERT WALTERS 37.50 X 136300 0 16039 MEG CRANSTON 37.50 X 121127 0 15037 DEBRA BALLARD 37.50 X 126050 0 18921 ROSEMARY BRANTLEY 37.50 X 144494 0 29646 2222459 0 317918 21 0 1 0 APPLE ONE PO BOX 29048 GLENDALE CA 91209 STAFFING SERVICES 286032 UNIVERSAL PROTECTION SERVICES 6200 PLAYA VISTA DRIVE PLAYA VISTA CA 90094 SECURITY SERVICES 236053 VACO LOS ANGELES LLC 5410 MARYLAND WAY SUITE 460 BRENTWOOD TN 37027 STAFFING SERVICES 154194 ALL CARE INDUSTRIES INC 16747-1/2 SO PARKSIDE AVE CERRITOS CA 90703 JANITORIAL SERVICES 153233 ADP PO BOX 78415 PHOENIX AZ 85062 PAYROLL SERVICES 151359 8 1200608 119250 2011074 332785 3330932 TUITION AND FEES 611600 44702347 44702347 AUXILIARY ENTERPRISES 900099 958923 958923 45661270 575887 575887 5000 0 5000 5000 5000 80188639 80176250 95940 12389 -95940 -83551 -83551 103977 1200608 809912 -705935 -705935 OTHER INCOME 900099 231473 231473 231473 49015076 45661270 0 22874 10208444 10208444 1669418 1114978 338279 216161 19967169 15448671 3830942 687556 1102615 797857 225760 78998 1504123 954542 437362 112219 1814756 1370701 359718 84337 151320 15409 135911 113296 113296 40250 40250 97937 97937 676812 287044 369143 20625 131297 24727 106570 1469534 821384 646956 1194 1099437 208104 891333 2555182 1525852 1029330 860498 718799 140108 1591 147329 64843 82486 277047 168168 108879 1687601 1024374 663227 313415 67732 245683 EQUIP COST UNDER $1,000 374709 277042 97667 REPAIRS AND MAINTENANCE 316309 94995 221314 DUES & SUBSCRIPTIONS 234373 149497 84876 STUDENT MEDICAL INSURAN 120925 120925 532235 220635 306440 5160 47466031 35684723 10533217 1248091 11578680 1726893 9337865 13518291 309432 898227 94532 72078 613509 748471 38064909 17186467 21084226 20878442 13624530 16483323 82602 142063 978470 1017778 57703846 55485566 4967884 5062148 2924465 2666430 6255000 2905000 81334 69412 14228683 10702990 X 26853653 27010979 8388281 9308597 8233229 8463000 43475163 44782576 57703846 55485566 X 1549045 -241632 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 14019825 228970 189133 445133 293895 13698900 12949145 586500 704872 220692 14019825 11755372 250670 1223617 280514 12949145 12661402 750002 -1601070 54962 11755372 0.07300 0.60960 0.31740 0 0 3875677 3875677 19276510 5868956 13407554 118917 118735 182 14325264 11198776 3126488 468541 468541 20878442 BOND INTEREST PAYABLE 69412 69412 49015076 47466031 1549045 -241632 -241632 1307413 39276975 -241632 809912 568280 38708695 97937 10208444 10306381 49015076 37969562 809912 809912 37159650 97937 10208444 10306381 47466031 PART III, LINE 1A: THE COLLEGE COLLECTIONS ARE MADE UP OF DONATED ARTWORK OF HISTORICAL SIGNIFICANCE WHICH ARE NOT RECORDED AS ASSETS AND ARE HELD FOR EDUCATIONAL AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO FUND ENDOWED SCHOLARSHIPS. PART III, LINE 4: COLLECTIONS ARE: - HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN - PROTECTED, KEPT UNENCUMBERED, CARED FOR, AND PRESERVED - SUBJECT TO A DONOR POLICY THAT REQUIRES THE PROCEEDS FROM SALES OF COLLECTION ITEMS TO BE USED TO FUND AN ENDOWMENT FUND DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: OTIS USES FUNDS TO ESTABLISH SCHOLARSHIPS. THE AMOUNT OF EARNINGS TO BE SPENT AS SCHOLARSHIPS DEPENDS ON THE FOLLOWING: 1. IF DONOR LETTER IS ON FILE, FOLLOW THE DONOR'S INTENTIONS. 2. IF NO DONOR LETTER IS ON FILE, ACCORDING TO THE BOARD OF TRUSTEES, SPENDING SHOULD NOT EXCEED 4% (PER YEAR) OF BEGINNING PRINCIPAL BALANCE 3. THE AMOUNT TO SPEND ON SCHOLARSHIPS SHOULD NOT EXCEED THE ORIGINAL PRINCIPAL UNLESS SPECIFIED BY DONOR LETTER OR BOARD OF TRUSTEES 4. TRANSFER ENDOWMENT FUNDS TO RESTRICTED FUNDS SCHOLARSHIPS AT THE END OF THE YEAR DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COLLEGE ADOPTED THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10, "INCOME TAXES," RELATING TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS ON JULY 1, 2009, WHICH HAD NO FINANCIAL STATEMENT IMPACT. THE COLLEGE RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE COLLEGE FILES AN EXEMPT ORGANIZATION RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. THE COLLEGE IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2009 FOR ITS FEDERAL AND 2008 FOR ITS STATE FILINGS. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS SPECIAL EVENT EXPENSE 809,912. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 10,208,444. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RECLASS SPECIAL EVENT EXPENSE 809,912. PART XIII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 10,208,444. 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 OTIS PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS COLLEGE CLASS CATALOG THAT IS DISTRIBUTED TO STUDENTS FOR ENROLLMENT AS WELL AS AVAILABLE TO THE GENERAL PUBLIC. IN ADDITION, THE COLLEGE POSTS THIS INFORMATION ON ITS WEBSITE AND INCLUDES IT IN APPLICATION MATERIALS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 OTIS RECEIVED FEDERAL AWARDS FROM THE U.S. DEPARTMENT OF EDUCATION AND NATIONAL ENDOWMENT OF THE HUMANITIES DURING THE YEAR, AND ADMINISTERS LOANS FOR THE PERKINS LOAN PROGRAM. EUROPE (INCLUDING ICELAND AND GREENLAND) 0 1 PROGRAM SERVICES HONORARIUM FOR GRAPHIC DESIGN TEACHING AND WORKSHOP 16500 CENTRAL AMERICA AND THE CARRIBEAN 0 0 INVESTMENTS 1350000 0 1 0 0 0 1 1366500 0 1366500 1 0 0 0 0 0 X X X X X X 1 TERRY MONTELONE 19919 GRAND VIEW DR TOPANGA CA 90290 CONSULTING ON FUNDRAISING STRATEGIES 0 0 40250 -40250 40250 -40250 CA FASHION SHOW 1154609 1080139 74470 652889 CREATIVE ECONOMY 55851 30001 25850 25691 2 94125 90468 3657 131332 1304585 1200608 103977 809912 809912 -705935 1 0 0 STUDENT SCHOLARSHIPS 898 10208444 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ALL STUDENT SCHOLARSHIPS ARE POSTED TO THE STUDENT ACCOUNTS TO PAY FOR TUITION AND FEES BY FINANCIAL AID OFFICE. PER OTIS POLICY, SCHOLARSHIPS BFA/MFA DO NOT EXCEED TUITION AND FEES. X 1 1 X X X X 0 1 0 0 0 0 0 1 0 SAMUEL C HOI 397791 0 15000 0 371 0 24000 0 11563 0 448725 0 0 0 CHRIS J ALFORD 100933 0 0 0 165216 0 29665 0 20167 0 315981 0 0 0 CARRIE STEWART 160416 0 5000 0 16924 0 9699 0 6566 0 198605 0 0 0 MARC MEREDITH 134499 0 0 0 0 0 13417 0 6566 0 154482 0 0 0 KALI NIKITAS 155540 0 2500 0 0 0 10865 0 6566 0 175471 0 0 0 ROBERT WALTERS 133800 0 2500 0 0 0 9373 0 6666 0 152339 0 0 0 ROSEMARY BRANTLEY 141994 0 2500 0 0 0 15000 0 14646 0 174140 0 0 0 PART I, LINE 1A PRESIDENT HAS GRANDFATHERED BENEFITS PLANS WHICH REQUIRE GROSS UP PAYMENT. PART I, LINE 4B CHRIS ALFORD WAS PAID SEPARATION AGREEMENT PAYMENTS DURING THE YEAR. THE AMOUNT AND TERMS OF THE AGREEMENT ARE SUBJECT TO A CONFIDENTIALITY CLAUSE. DUE TO PUBLIC INSPECTION REQUIREMENTS OF THIS SCHEDULE, DETAILS HAVE NOT BEEN INCLUDED, BUT ARE AVAILABLE. PART I, LINE 7 ANNUAL BONUS - IN ADDITION TO EMPLOYEE'S BASE SALARY, EMPLOYEE MAY RECEIVE A DISCRETIONARY ANNUAL BONUS IN AN AMOUNT UP TO FIFTY-THOUSAND DOLLARS ($50,000). SUCH ANNUAL BONUS SHALL BE DETERMINED BY THE BOARD AFTER EMPLOYEE'S ANNUAL PERFORMANCE REVIEW CONDUCTED BY THE BOARD OR EXECUTIVE COMMITTEE FOLLOWING THE CLOSE OF EACH FISCAL YEAR OF THE TERM. THE PERFORMANCE REVIEW SHALL BE BASED UPON SUCH CRITERIA AND WEIGHTING AS MAY BE ESTABLISHED FROM TIME TO TIME BY THE BOARD, WITH DUE CONSIDERATION GIVEN TO THE PERFORMANCE OF THE DUTIES OF EMPLOYEE SET FORTH IN EMPLOYMENT AGREEMENT, AND TO EMPLOYEE'S RECORD OF MEETING SPECIFIC GOALS WHICH THE BOARD MAY PROVIDE TO EMPLOYEE IN JULY OF EACH YEAR APPLICABLE TO THE REST OF THAT FISCAL YEAR. X 3 123662 COST/SELLING PRICE X EDUC SUPPLIES 11 209123 COST/SELLING PRICE 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE FULL 990 IS REVIEWED BY THE CONTROLLER AND THE VICE PRESIDENT FOR FINANCIAL AND ADMINISTRATIVE SERVICES. THEN A FORM 990 WITHOUT DETAILED SCHEDULE B IS MADE AVAILABLE TO THE BOARD OF TRUSTEE FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION WATCHES FOR ANYTHING THAT LOOKS/COULD BE A CONFLICT; ANYTHING THAT FALLS INTO THIS CATEGORY IS IMMEDIATELY INVESTIGATED. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE CEO, EXECUTIVE DIRECTOR AND OTHER TOP MANAGEMENT IS REVIEWED BY THE OTIS FINANCIAL COMMITTEE AND BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 - FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST VIA MAIL OR E-MAIL. - GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -241,632.