Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $112,137

• 1g · Noncash contributions included above

  $59,270

• 2a · Program service revenue: Management Fees

  total $70,370,930 · related or exempt $70,370,930

• 3 · Investment income

  total $344,313 · excluded $344,313

• 11d · All other revenue

  total $50,439 · excluded $50,439

• 11e · Other revenue, total

  $50,439

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $5,464,458 · program services $532,151 · management and general $4,932,307

• 7 · Other salaries and wages

  total $17,931,611 · program services $6,956,529 · management and general $10,975,082

• 8 · Pension plan contributions

  total $1,199,428 · program services $379,629 · management and general $819,799

• 9 · Other employee benefits

  total $1,900,642 · program services $678,890 · management and general $1,221,752

• 10 · Payroll taxes

  total $1,358,207 · program services $533,655 · management and general $824,552

• 11b · Fees: legal

  total $374,984 · management and general $374,984

• 11c · Fees: accounting

  total $432,251 · management and general $432,251

• 11g · Fees: other

  total $578,978 · program services $88,924 · management and general $490,054

• 12 · Advertising and promotion

  total $28,192,923 · management and general $28,192,923

• 13 · Office expenses

  total $295,144 · program services $56,760 · management and general $238,384

• 14 · Information technology

  total $4,531,038 · program services $101,106 · management and general $4,429,932

• 16 · Occupancy

  total $1,165,035 · program services $387,833 · management and general $777,202

• 17 · Travel

  total $770,235 · program services $202,803 · management and general $567,432

• 19 · Conferences, conventions and meetings

  total $379,582 · program services $63,646 · management and general $315,936

• 22 · Depreciation, depletion and amortization

  total $1,595,594 · program services $652,143 · management and general $943,451

• 23 · Insurance

  total $29,425 · management and general $29,425

• 24a · Other expenses: Subscriptions

  total $93,993 · program services $13,692 · management and general $80,301

• 24b · Other expenses: Excise Tax

  total $79,540 · management and general $79,540

• 24c · Other expenses: Dues and Memberships

  total $47,377 · program services $9,423 · management and general $37,954

• 24d · Other expenses: Student Services

  total $21,706 · program services $311 · management and general $21,395

• 24e · All other expenses

  total $321,490 · program services $20,231 · management and general $301,259

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,907,897 · end of year $7,940,813

• 2 · Savings and temporary cash investments

  beginning of year $10,013,504 · end of year $8,207,825

• 4 · Accounts receivable

  beginning of year $50,363 · end of year $80,069

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,168,300 · end of year $6,889,824

• 10a · Land, buildings and equipment: cost or other basis

  $20,349,271

• 10b · Land, buildings and equipment: accumulated depreciation

  $16,455,255

• 10c · Land, buildings and equipment, net

  beginning of year $3,438,613 · end of year $3,894,016

• 15 · Other assets

  beginning of year $34,265,957 · end of year $94,652,004

• 17 · Accounts payable and accrued expenses

  beginning of year $10,239,866 · end of year $8,643,940

• 25 · Other liabilities

  beginning of year $4,230,476 · end of year $10,873,976

• 27 · Net assets without donor restrictions

  beginning of year $12,565,616 · end of year $16,864,141

• 28 · Net assets with donor restrictions

  beginning of year $31,808,676 · end of year $85,282,494

The filer's explanations (Part III)

Part I, Line 1a

During the 2022 calendar year, TCS Education System provided the following benefit to Dr. Michael Horowitz: - taxable housing allowance of $15,000 The following expenses were incurred in connection with a business purpose: - non-taxable travel for companions of $2,682.36

Part I, Line 4b

TCS Education System provides a supplemental deferred compensation plan for certain executives. The following individuals participate in the plan: - Michael Horowitz

Part I, Line 7

The target opportunity for the discretionary award is established through market compensation and internal policy so as to relate pay, performance and rewards. Upon reviewing annual performance, the Executive Committee of the Board of Trustees determines results and the granting of discretionary awards, if any.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• University of Western States Health Care Incorporated

  C · Health Care · OR · controlled entity