2024-04-01T13:27:28-05:00 2023-06-30 910189318 MOSS ADAMS LLP 2040 MAIN STREET SUITE 900 IRVINE CA 92614 990 2022-07-01 943185612 PRESIDIO GRADUATE SCHOOL PRES 4155616555 105 SEMINARY ROAD SAN ANSELMO CA 94960 ELIZABETH MAW PRESIDENT 4155616555 2024-03-29 1 ELIZABETH MAW 999009999 1 TRACY S PAGLIA P00366884 9492214000 2024-03-25 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X ELIZABETH MAW 105 SEMINARY ROAD SAN ANSELMO CA 94960 4380493 0 X WWW.PRESIDIO.EDU X 1990 CA TO EDUCATE CHANGEMAKERS TO BUILD A FLOURISHING FUTURE FOR ALL. 13 12 103 20 0 0 832431 846186 3881899 3511632 3642 16319 7291 6356 4725263 4380493 393904 569915 0 0 3082624 2854643 0 0 199707 1905618 1525091 5382146 4949649 -656883 -569156 2133800 1310033 382151 127518 1751649 1182515 PRESIDIO GRADUATE SCHOOL'S MISSION IS TO EDUCATE CHANGEMAKERS TO BUILD A FLOURISHING FUTURE FOR ALL. 0 0 3714601 569915 3112510 IN THE 2022-2023 SCHOOL YEAR, PRESIDIO GRADUATE SCHOOL EDUCATED OVER 110 MASTERS-LEVEL STUDENTS IN SUSTAINABILITY AND SOCIAL JUSTICE IN OUR MBA, MPA, MBA/MPA, AND CERTIFICATE STUDENTS. WE ALSO EDUCATED OVER 150 K12 EDUCATORS ON HOW TO INTEGRATE CLIMATE CHANGE INTO THE CLASSROOM. 265578 0 399122 THE SCHOOL GENERATES REVENUE FROM CONDUCTING SUSTAINABILITY-RELATED RESEARCH AND MANAGEMENT-CONSULTING SERVICES FOR APPROXIMATELY 4 CORPORATE, GOVERNMENT, AND NOT-FOR-PROFIT ORGANIZATIONS EACH YEAR. TEAMS INCLUDE STUDENTS, FACULTY, ALUMNI AND PRESIDIO COMMUNITY MEMBERS AND PROJECTS ARE DESIGNED TO COMPLEMENT THE SKILLS TAUGHT IN THE PRESIDIO CLASSROOM. 3980179 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 29 0 1 103 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 12 1 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X ELIZABETH MAW 4155616555 105 SEMINARY ROAD SAN ANSELMO CA 94960 KRISTA NEWKIRK BOARD MEMBER 2.00 70.00 X 0 631877 77518 ELIZABETH MAW PRESIDENT 40.00 0.00 X 296224 0 21586 MARGRETHE AMY WINSLOW ACADEMIC DEAN/CHIEF ACADEMIC OFFCR 40.00 0.00 X 200033 0 34881 DIANA ASAAD CHIEF OPERATING OFFICER 40.00 0.00 X 209432 0 22133 CLAIR ANDREA STOCKS VICE PRESIDENT OF ACADEMIC AFFAIRS 40.00 0.00 X 147892 0 10759 PAM GORDON HEAD OF PGS CONSULTS 40.00 0.00 X 105663 0 16752 EMILY BATTAGLIA DIRECTOR OF PROGRAM EXPANSION 40.00 0.00 X 108711 0 4766 SUZANNE FARVER CHAIR 3.00 0.00 X X 0 0 0 DR GURINDER SINGH VICE CHAIR 2.00 0.00 X X 0 0 0 DR WARREN FOX SECRETARY 2.00 0.00 X X 0 0 0 MALCOLM WALTER TREASURER 3.00 0.00 X X 0 0 0 CHANDRA ALEXANDRE BOARD MEMBER 2.00 0.00 X 0 0 0 DR PANKAJ BHARGAVA BOARD MEMBER 2.00 0.00 X 0 0 0 DR AASHISH BINDRA BOARD MEMBER 2.00 0.00 X 0 0 0 DR ASEEM CHAUHAN BOARD MEMBER 2.00 0.00 X 0 0 0 JEFF HOGUE BOARD MEMBER 2.00 0.00 X 0 0 0 DR TANU JINDAL BOARD MEMBER 2.00 0.00 X 0 0 0 BARBARA KARLIN BOARD MEMBER 2.00 0.00 X 0 0 0 SABRINA WATKINS BOARD MEMBER 2.00 0.00 X 0 0 0 1067955 631877 188395 6 0 1 0 HIGHER ED CONSOLIDATION SOLUTIONS 1111 SW 1ST AVE SUITE 2220 MIAMI FL 33130 MERGER CONSULTING 132340 EDWARDS SCHOEN 7500 COLLEGE BLVD 5TH FLOOR OVERLAND PARK KS 66210 DIGITAL MARKETING 113679 2 44075 802111 846186 TUITION AND FEES 611600 3112510 3112510 RESEARCH & CONSULTING 611600 399122 399122 3511632 16319 16319 OTHER REVENUE 900099 6356 6356 6356 4380493 3511632 0 22675 150000 150000 419915 419915 655466 266788 266788 121890 1865243 1794031 39251 31961 27123 18222 5624 3277 119591 104340 7451 7800 187220 156365 21338 9517 142739 142739 165827 165827 381742 343350 38392 467541 467061 480 18559 18355 204 107259 78598 4672 23989 1237 800 437 45787 36965 8822 3220 3220 43439 3107 40332 ACCREDITATION FEES 72585 72585 SUPPLIES AND EQUIPMENT 30800 26282 4414 104 FOOD & CATERING 25516 23084 2287 145 DUES & SUBSCRIPTIONS 6719 6031 36 652 12121 9435 2518 168 4949649 3980179 769763 199707 336637 73535 1472822 1029101 100000 50000 141514 93061 82827 64336 2133800 1310033 334836 122969 47315 4549 382151 127518 X 1683998 1089638 67651 92877 1751649 1182515 2133800 1310033 -569156 22 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 3961810 22 1210 1232 3960578 419915 419915 4380493 4530944 1210 1210 4529734 419915 419915 4949649 PART X, LINE 2: PGS IS A TAX-EXEMPT ORGANIZATION UNDER THE INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE CALIFORNIA REVENUE AND TAXATION CODE. MANAGEMENT EVALUATED PGS'S TAX POSITIONS AND CONCLUDED THAT PGS HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID RECLASSED TO EXPENSE 419,915. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID RECLASSED TO EXPENSE 419,915. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLISHES ITS NONDISCRIMINATORY POLICY THROUGH ITS WEBSITE AND EMAIL. IT'S ALSO PUBLISHED IN STUDENT, FACULTY AND EMPLOYEE HANDBOOKS. THE ORGANIZATION DID NOT HAVE THE NONDISCRIMINATION POLICY REPORTED ON ITS INTERNET HOMEPAGE THROUGHOUT THE ENTIRE FISCAL YEAR. THE SCHOOL HAS REMEDIED THE OVERSIGHT, AND THE POLICY NOW APPEARS ON THE FRONT PAGE OF THE SCHOOL'S WEBSITE. SCHEDULE E, PART I, LINE 6 PRESIDIO GRADUATE SCHOOL ASSISTS STUDENTS IN THE FINANCING OF THEIR EDUCATION THROUGH FEDERALLY-FUNDED STUDENT LOAN PROGRAMS. THE SCHOOL RECEIVED THE HIGHER EDUCATION EMERGENCY RELIEF FUND. 1 ECORISE YOUTH INNOVATIONS PO BOX 152942 AUSTIN TX 78715 800812900 501(C)(3) 150000 0 TO CONTINUE PRESIDIO'S K12 CLIMATE LITERACY PROGRAM 1 0 STUDENT AID 99 419915 PART I, LINE 2: NEED-BASED SCHOLARSHIPS ARE AWARDED TO STUDENTS WITH DEMONSTRATED FINANCIAL NEED. RECIPIENTS OF NEED-BASED SCHOLARSHIPS MUST COMPLETE A FAFSA APPLICATION, BE US CITIZENS OR ELIGIBLE NON-CITIZENS, BE ENROLLED IN A DEGREE OR CERTIFICATE PROGRAM, AND BE MAKING SATISFACTORY ACADEMIC PROGRESS. X 0 0 0 0 0 0 0 0 0 KRISTA NEWKIRK BOARD MEMBER 0 519501 0 105000 0 7376 0 19526 0 57992 0 709395 0 0 ELIZABETH MAW PRESIDENT 295624 0 0 0 600 0 11849 0 9737 0 317810 0 0 0 MARGRETHE AMY WINSLOW ACADEMIC DEAN/CHIEF ACADEMIC OFFCR 199433 0 0 0 600 0 6680 0 28201 0 234914 0 0 0 DIANA ASAAD CHIEF OPERATING OFFICER 208832 0 0 0 600 0 8377 0 13756 0 231565 0 0 0 CLAIR ANDREA STOCKS VICE PRESIDENT OF ACADEMIC AFFAIRS 147292 0 0 0 600 0 0 0 10759 0 158651 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 DR. AASHISH BINDRA, DR. GURINDER SINGH, DR. TANU JINDAL, AND DR. ASEEM CHAUHAN HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. FORM 990, PART VI, SECTION A, LINE 4 THE ARTICLES OF INCORPORATION WERE AMENDED TO UPDATE FOR THE FOLLOWING: 1) THE ORGANIZATION'S EXEMPT PURPOSES WITHIN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE TO (I) CONDUCT POST-SECONDARY EDUCATIONAL PROGRAMS FOR ADULTS OF ALL AGES AND (II) TO HOLD LAND TO PRESERVE, MAINTAIN, AND OPERATE FACILITIES FOR PUBLIC ENLIGHTENMENT. 2) TO NAME THE UNIVERSITY OF REDLANDS, A 501(C)(3) PUBLIC CHARITY OPERATING AS AN EDUCATIONAL INSTITUTION, AS THE SOLE CORPORATE MEMBER. 3) THE DISTRIBUTION OF ASSETS UPON DISSOLUTION WAS REVISED TO SPECIFY THAT ANY REMAINING ASSETS AFTER PAYMENT, OR PROVISION OF PAYMENT, OF ALL DEBTS AND LIABILITIES OF THE ORGANIZATION WOULD BE DISTRIBUTED TO ITS SOLE MEMBER, UNIVERSITY OF REDLANDS IF IT IS THEN ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND/OR SCIENTIFIC PURPOSES OR TO ANOTHER NONPROFIT FUND, FOUNDATION, OR CORPORATION WHICH MEETS THOSE REQUIREMENTS IF THE SOLE MEMBER DOES NOT. THE BYLAWS WERE AMENDED TO UPDATE FOR THE FOLLOWING: 1) THE ORGANIZATION'S EXEMPT PURPOSES WERE MOVED TO THE AMENDED ARTICLES OF INCORPORATION. 2) TO NAME THE UNIVERSITY OF REDLANDS, A 501(C)(3) PUBLIC CHARITY OPERATING AS AN EDUCATIONAL INSTITUTION, AS THE SOLE CORPORATE MEMBER. 3) TO REQUIRE CONSENT OF THE SOLE MEMBER FOR CERTAIN ACTIONS INCLUDING (A) THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ORGANIZATIONS ASSETS; (B) THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ANY ASSET OR GROUP OF SIMILAR ASSETS OF THE ORGANIZATION WITH A COMBINED FAIR MARKET VALUE IN EXCESS OF $250,000; (C) THE LICENSING OR OTHER TRANSFER OF INTELLECTUAL PROPERTY (OR RIGHTS THERETO) OF THE ORGANIZATION FOR CONSIDERATION TO ANY OTHER PARTY, EXCEPT WHERE THE LICENSING OR OTHER TRANSFER IS "SUBSTANTIALLY RELATED" TO THE ORGANIZATION'S EXEMPT PURPOSE; AND (D) THE ASSUMPTION OR CREATION OF ANY INDEBTEDNESS OR THE ORGANIZATION IN AN AMOUNT EXCEEDING $500,000, WHETHER OR NOT IN THE ORDINARY COURSE OF BUSINESS. 4) THE SOLE MEMBER MAY EXERCISE ITS MEMBERSHIP RIGHTS THROUGH ITS BOARD OF DIRECTORS. THE SOLE MEMBER'S BOARD OF DIRECTORS MAY DULY AUTHORIZE ONE (1) OR MORE OF ITS OFFICERS TO EXERCISE ITS VOTE ON ANY MATTER TO COME BEFORE THE MEMBERSHIP OF THE ORGANIZATION. 5) THE BOARD SIZE WAS CHANGED TO THIRTEEN (13) VOTING DIRECTORS. 6) ONE BOARD SEAT WILL BE FILLED, EX-OFFICIO, BY THE PRESIDENT OF THE SOLE MEMBER OR THEIR PERMITTED DESIGNEE. TWELVE (12) DIRECTORS WERE APPOINTED IN THE AMENDED BYLAWS, SERVING THREE (3) YEAR TERMS. THE SOLE MEMBER APPOINTS SUBSEQUENT BOARD MEMBERS SERVING THREE (3) YEAR TERMS. AT THE DISCRETION OF THE SOLE MEMBER, SUCCESSOR BOARD MEMBERS MAY BE APPOINTED TO ONE OR TWO YEAR TERMS FOR NEW DIRECTORS. THE SOLE MEMBER MUST APPROVE ANY REMOVALS FROM THE BOARD OF DIRECTORS BY WRITTEN CONSENT. 7) THE OFFICERS OF THE ORGANIZATION INCLUDE REQUIRED POSITIONS: PRESIDENT, SECRETARY, CHIEF FINANCIAL OFFICER, AND CHIEF ACADEMIC OFFICER AND OTHER PERMITTED POSITIONS: CHAIR, ONE OR MORE ADDITIONAL VICE PRESIDENTS, ONE OR MORE ADDITIONAL ASSISTANT SECRETARIES, AND ONE OR MORE ASSISTANT TREASURERS. THE DUTIES FOR THE OFFICER POSITIONS WERE UPDATED. 8) THE PROCESS FOR DETERMINING OFFICER COMPENSATION WAS REVISED. NO SALARIED OFFICER IS PERMITTED TO VOTE ON THEIR OWN COMPENSATION. THE BOARD OR AN AUTHORIZED COMMITTEE THEREOF WILL REVIEW AND APPROVE COMPENSATION AND BENEFITS TO ENSURE IT IS JUST AND REASONABLE UPON HIRING AND WHENEVER THAT OFFICER'S COMPENSATION IS MODIFIED IN A MANNER THAT WAS NOT SIMILAR TO SUBSTANTIALLY ALL OTHER EMPLOYEES. THE PROCESS MAY ALSO BE DELEGATED TO ANY AFFILIATED CHARITABLE ORGANIZATION'S BOARD OR AN AUTHORIZED COMMITTEE THEREOF IF THAT ENTITY MAKES RETENTION AND COMPENSATION DECISIONS REGARDING A PARTICULAR INDIVIDUAL. 9) THE PROVISION RELATED TO THE CONFLICTS OF INTEREST POLICY WAS UPDATED TO REFERENCE A SEPARATE POLICY AND TO REQUIRE THAT DIRECTORS SHALL ANNUALLY SIGN A CERTIFICATION AFFIRMING RECEIPT OF THE POLICY, HAVING READ AND UNDERSTANDING THE POLICY, AND CONFIRMATION THEY AGREE TO COMPLY WITH THE POLICY. 10) THE PROVISIONS FOR THE AUDIT COMMITTEE WERE UPDATED TO: (A) ALLOW FOR CONSOLIDATED FINANCIAL STATEMENTS WITH ANY CONTROLLING ORGANIZATION, (B) REVISED THE TIMING OF THE EXPECTED ISSUANCE OF THE FINANCIAL STATEMENTS, AND (C) CHANGED THE COMPOSITION AND ROLES AND RESPONSIBILITIES OF THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 UNIVERSITY OF REDLANDS, A TAX-EXEMPT 501(C)(3) EDUCATIONAL INSTITUTION, IS THE SOLE MEMBER OF PRESIDIO GRADUATE SCHOOL. FORM 990, PART VI, SECTION A, LINE 7A UNIVERSITY OF REDLANDS IS THE SOLE MEMBER OF PRESIDIO GRADUATE UNIVERSITY (PSG) AND MAY ELECT AND APPOINT ANY NUMBER OF THE DIRECTORS TO THE BOARD OF PSG, NOT TO EXCEED THIRTEEN. ONE BOARD SEAT WILL BE FILLED, EX-OFFICIO, BY THE PRESIDENT OF THE SOLE MEMBER OR THEIR PERMITTED DESIGNEE. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE CORPORATE MEMBER, UNIVERSITY OF REDLANDS, MUST APPROVE ALL CHANGES TO THE ARTICLES OF INCORPORATION AND BYLAWS AS WELL AS SIGNIFICANT TRANSACTION DECISIONS BROUGHT TO THE BOARD OF DIRECTORS INCLUDING (A) THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ORGANIZATIONS ASSETS; (B) THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ANY ASSET OR GROUP OF SIMILAR ASSETS OF THE ORGANIZATION WITH A COMBINED FAIR MARKET VALUE IN EXCESS OF $250,000; (C) THE LICENSING OR OTHER TRANSFER OF INTELLECTUAL PROPERTY (OR RIGHTS THERETO) OF THE ORGANIZATION FOR CONSIDERATION TO ANY OTHER PARTY, EXCEPT WHERE THE LICENSING OR OTHER TRANSFER IS "SUBSTANTIALLY RELATED" TO THE ORGANIZATION'S EXEMPT PURPOSE; AND (D) THE ASSUMPTION OR CREATION OF ANY INDEBTEDNESS OR THE ORGANIZATION IN AN AMOUNT EXCEEDING $500,000, WHETHER OR NOT IN THE ORDINARY COURSE OF BUSINESS.. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY KEY STAFF AT FASS AND PGS. AFTER ALL BASIC QUESTIONS WERE RESOLVED, IT WAS FORWARDED TO THE BOARD TREASURER FOR REVIEW AND APPROVAL. PRIOR TO FILING, THE FORM 990 WAS DISTRIBUTED TO THE PGS BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY REQUIRES THAT ALL DIRECTORS WITH A MATERIAL FINANCIAL INTEREST IN A TRANSACTION MUST DISCLOSE SUCH MATERIAL FINANCIAL INTEREST OR COMMON DIRECTORSHIP TO THE BOARD VIA A DISCLOSURE FORM. THE BOARD SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE. IF A CONFLICT IS DEEMED TO EXIST, THEY MUST RECUSE THEMSELVES FROM PARTICIPATING IN ANY CONSIDERATION OR DECISION RELATED TO THE TRANSACTION. SUCH DISCLOSURE AND ABSTENTION FROM A VOTE WILL BE MADE PART OF THE RECORD OF THE BOARD'S MEETINGS. THE DECISION OF THE BOARD ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF THE ORGANIZATION AND THE ADVANCEMENT OF ITS PURPOSE. FORM 990, PART VI, SECTION B, LINE 15 THE PGS BOARD REVIEWS COMPARABILITY DATA EVERY FEW YEARS AND REVIEWS MARKET PAY RATES UPON HIRE TO DETERMINE SALARY RANGES FOR THE CEO, OFFICERS, AND EMPLOYEES TO ENSURE FAIR COMPENSATION. BASE COMPENSATION OF THE CEO AND EMPLOYEES AS WELL AS ANY COST OF LIVING ADJUSTMENTS OR BONUSES ARE SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS. ALL DELIBERATIONS AND DECISIONS FOR COMPENSATION ADJUSTMENTS ARE DOCUMENTED IN THE BOARD MINUTES. A FULL COMPENSATION ANALYSIS WAS LAST COMPLETED IN 2019. BASE COMPENSATION WAS INCREASED BY A CONSISTENT PERCENTAGE FOR ALL OFFICERS AND EMPLOYEES IN 2022. THE COST OF LIVING ADJUSTMENTS THAT WERE MADE WERE CONSISTENT WITH OR LESS THAN INFLATION. THE CEO WAS AWARDED A BONUS IN JUNE 2023 THAT WAS APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D). UNIVERSITY OF REDLANDS PO BOX 3080 REDLANDS CA 923730999 951643389 EDUCATIONAL INSTITUTION CA 501(C)(3) LINE 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0