Pacific Oaks Education Corporation
- Assets
- $44.8m
- Revenue
- $24.8m
- Investments
- $0.0
- Employees
- 390
- Location
- Pasadena, CA
- Founding
- 03/1959
- Data as of
- 05/2022
- EIN
- 95-1716809
Organization Overview
Pacific Oaks Education Corporation, operating under the name Pacific Oaks College and Children's School, is located in Pasadena, CA. The organization was established in 1959. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 05/2022, Pacific Oaks College and Children's School employed 390 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific Oaks College and Children's School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Pacific Oaks College and Children's School generated $24.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $25.1m during the year ending 05/2022. While expenses have increased by 2.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
POCCS PREPARES STUDENTS TO BE CULTURALLY INTELLIGENT AGENTS OF CHANGE SERVING DIVERSE COMMUNITIES IN FIELDS OF HUMAN DEVELOPMENT, EDUCATION, AND FAMILY STUDIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PACIFIC OAKS COLLEGE AND CHILDREN'S SCHOOL (POCCS) 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.PACIFIC OAKS COLLEGE IS AN ACCREDITED COLLEGE BY WASC SENIOR COLLEGE AND UNIVERSITY COMMISSION. 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 SERVED MORE THAN 1,700 STUDENTS DURING THE FISCAL YEAR ENDED MAY 31, 2022. 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 100 CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Paduntin Trustee/college President | OfficerTrustee | 40 | $364,970 |
Marcia Bankirer Campus Dean | 40 | $150,494 | |
Michael Patton Avp Of Admissions | 40 | $135,301 | |
Bree Cook Vp, Academic Affairs | 40 | $124,354 | |
Jane Sawyer Vp, Hr & Org. Effectiveness | 40 | $123,224 | |
Yug Fon Chiquito Avp Of Finance & Admin. Operations | 40 | $111,587 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alston & Bird Llp Legal Services | 5/30/22 | $1,344,313 |
Deepa Fernandes Consulting Fees | 5/30/22 | $150,000 |
Alpha Structural Inc Construction | 5/30/22 | $340,081 |
Allied Universal Security Systems Security | 5/30/22 | $125,018 |
De La Torre Landscaping Construction Lawn Service | 5/30/22 | $120,090 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,341,469 |
| All other contributions, gifts, grants, and similar amounts not included above | $267,629 |
| Noncash contributions included in lines 1a–1f | $12,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,609,098 |
| Total Program Service Revenue | $21,518,321 |
| Investment income | $250,293 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $15,927 |
| Net Rental Income | -$34,628 |
| Net Gain/Loss on Asset Sales | $187,985 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,782,562 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,245,374 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $367,621 |
| Compensation of current officers, directors, key employees. | $275,716 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,260,479 |
| Pension plan accruals and contributions | $478,417 |
| Other employee benefits | $724,738 |
| Payroll taxes | $751,105 |
| Fees for services: Management | $1,255,589 |
| Fees for services: Legal | $775,432 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,538 |
| Fees for services: Other | $475,482 |
| Advertising and promotion | $3,951,187 |
| Office expenses | $283,790 |
| Information technology | $15,672 |
| Royalties | $0 |
| Occupancy | $1,024,394 |
| Travel | $108,721 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $117,868 |
| Interest | $409,641 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $510,526 |
| Insurance | $190,882 |
| All other expenses | $530,037 |
| Total functional expenses | $25,075,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,313,858 |
| Savings and temporary cash investments | $19,661 |
| Pledges and grants receivable | $508,584 |
| Accounts receivable, net | $314,771 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $212,150 |
| Net Land, buildings, and equipment | $27,527,945 |
| Investments—publicly traded securities | $11,479,741 |
| Investments—other securities | $0 |
| Investments—program-related | $117,267 |
| Intangible assets | $0 |
| Other assets | $296,008 |
| Total assets | $44,789,985 |
| Accounts payable and accrued expenses | $2,074,656 |
| Grants payable | $0 |
| Deferred revenue | $3,344,151 |
| Tax-exempt bond liabilities | $15,366,388 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,198,594 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $163,409 |
| Total liabilities | $23,147,198 |
| Net assets without donor restrictions | $14,453,753 |
| Net assets with donor restrictions | $7,189,034 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $44,789,985 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Pacific Oaks Education Corporation has recieved totaling $193,126.
| Awarding Organization | Amount |
|---|---|
M E B Alliance For Educator Diversity Inc Austin, TX PURPOSE: TO STRENGTHEN TEACHER PREPARATION AT MSIS BY IMPROVING THE TEACHING AND LEARNING CONDITIONS FOR ALL CANDIDATES, INCREASING CAPACITY OF THE MSI TO IMPLEMENT A SUSTAINABLE PROCESS OF CONTINUOUS IMPROVEMENT, INCREASING EFFECTIVENESS OF MSI TEACHER EDUCATORS AND LEADERS, AND, ULTIMATELY, INCREASING THE EFFECTIVENESS OF THE MSI GRADUATES. | $139,426 |
Community Health Councils Inc Los Angeles, CA PURPOSE: SUPPORT OF COMMUNITY HEALTH WORK & RELATED SERVICES IN THE COMMUNITY | $53,700 |
Endowment Analysis
| Beg. Balance | $12,572,683 |
| Earnings | -$1,011,322 |
| Grants | $119,001 |
| Ending Balance | $11,442,360 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mount Saint Marys University Los Angeles, CA | $325,045,397 | $120,464,265 |
George Fox University Newberg, OR | $236,953,683 | $138,957,860 |
Hawaii Pacific University Honolulu, HI | $252,023,622 | $108,453,356 |
Concordia University Irvine, CA | $216,619,359 | $134,293,913 |
Whittier College Whittier, CA | $322,047,237 | $96,024,170 |
Claremont Graduate University Claremont, CA | $282,759,045 | $94,587,172 |
Soka University Of America Aliso Viejo, CA | $1,933,834,260 | $62,118,050 |
Fresno Pacific University Fresno, CA | $60,393,077 | $83,753,327 |
Mills College Oakland, CA | $350,121,466 | $66,976,273 |
La Sierra University Riverside, CA | $224,274,397 | $79,132,443 |
Cal Poly Corporation San Luis Obispo, CA | $221,621,500 | $66,523,157 |
Chaminade University Of Honolulu Honolulu, HI | $103,384,806 | $64,562,356 |