Civic Intelligence

Tcs Education System

990 • Fiscal year 2024 • EIN 27-0717860

Jun 01, 2023 to May 31, 2024 • Filed on Apr 08, 2025

203 N LaSalle Street 1900Chicago, IL 60601

(312) 379-1699

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

40th percentile

0.18x

Higher debt load relative to assets than 40% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

39th percentile

0.30x

Higher debt load relative to revenue than 39% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

53rd percentile

5.2%

Higher net margin than 53% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$1,595,488

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

54th percentile

7.3%

Faster asset growth than 54% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$130,580,418

Up $8,915,867 (+7.3%) from 2023

Net Assets

Up

$106,631,683

Up $4,485,048 (+4.4%) from 2023

Liabilities

Up

$23,948,735

Up $4,430,819 (+23%) from 2023

Revenue

Up

$78,855,375

Up $7,977,556 (+11%) from 2023

Expenses

Up

$74,773,525

Up $8,009,884 (+12%) from 2023

Net Income

Down

$4,081,850

Down $32,328 (-0.8%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0-$50MAssets 2010: $11,774,902Liabilities 2010: $16,659,685Net Assets 2010: -$4,884,7832010Assets 2012: $31,024,373Liabilities 2012: $8,707,490Net Assets 2012: $22,316,8832012Assets 2013: $31,297,319Liabilities 2013: $7,564,781Net Assets 2013: $23,732,5382013Assets 2014: $41,152,656Liabilities 2014: $8,641,555Net Assets 2014: $32,511,1012014Assets 2015: $42,194,474Liabilities 2015: $7,847,236Net Assets 2015: $34,347,2382015Assets 2016: $44,781,892Liabilities 2016: $8,330,989Net Assets 2016: $36,450,9032016Assets 2017: $47,629,485Liabilities 2017: $9,522,230Net Assets 2017: $38,107,2552017Assets 2018: $42,546,475Liabilities 2018: $9,243,150Net Assets 2018: $33,303,3252018Assets 2019: $47,021,009Liabilities 2019: $12,239,761Net Assets 2019: $34,781,2482019Assets 2020: $50,377,952Liabilities 2020: $12,805,668Net Assets 2020: $37,572,2842020Assets 2021: $52,664,747Liabilities 2021: $12,869,989Net Assets 2021: $39,794,7582021Assets 2022: $58,844,634Liabilities 2022: $14,470,342Net Assets 2022: $44,374,2922022Assets 2023: $121,664,551Liabilities 2023: $19,517,916Net Assets 2023: $102,146,6352023Assets 2024: $130,580,418Liabilities 2024: $23,948,735Net Assets 2024: $106,631,6832024

Highlighted filing

2024

Assets$130,580,418
Liabilities$23,948,735
Net Assets$106,631,683

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0-$50MExpenses 2010: $21,727,3012010Expenses 2012: $27,345,3002012Expenses 2013: $28,256,5172013Revenue 2014: $32,154,519Expenses 2014: $30,406,282Net Income 2014: $1,748,2372014Revenue 2015: $33,080,372Expenses 2015: $31,319,462Net Income 2015: $1,760,9102015Revenue 2016: $34,890,863Expenses 2016: $32,787,198Net Income 2016: $2,103,6652016Revenue 2017: $39,516,560Expenses 2017: $37,860,208Net Income 2017: $1,656,3522017Revenue 2018: $42,151,472Expenses 2018: $46,955,402Net Income 2018: -$4,803,9302018Revenue 2019: $45,340,933Expenses 2019: $44,353,972Net Income 2019: $986,9612019Revenue 2020: $49,293,156Expenses 2020: $46,803,685Net Income 2020: $2,489,4712020Revenue 2021: $55,086,916Expenses 2021: $53,507,681Net Income 2021: $1,579,2352021Revenue 2022: $63,686,418Expenses 2022: $59,174,724Net Income 2022: $4,511,6942022Revenue 2023: $70,877,819Expenses 2023: $66,763,641Net Income 2023: $4,114,1782023Revenue 2024: $78,855,375Expenses 2024: $74,773,525Net Income 2024: $4,081,8502024

Highlighted filing

2024

Revenue$78,855,375
Expenses$74,773,525
Net Income$4,081,850
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Apr 8, 2025
Return Version
2023v6.0
Gross Receipts
$78,855,375
Mission and Program Overview

Mission

TCS Education System prepares innovative, engaged, purposeful agents of change who serve our global community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$8,207,825$28,298,148▲ $20,090,323
Prepaid Expenses and Deferred Charges$6,889,824$4,664,320▼ $2,225,504
Land, Buildings, and Equipment, Net$3,894,016$3,741,023▼ $152,993
Cash and Non-Interest-Bearing Accounts$7,940,813$144,732▼ $7,796,081
Accounts Receivable$80,069$76,670▼ $3,399
Total Assets$121,664,551$130,580,418▲ $8,915,867
Other Assets Total$94,652,004$93,655,525▼ $996,479
Liabilities
Other Liabilities$10,873,976$15,012,711▲ $4,138,735
Accounts Payable and Accrued Expenses$8,643,940$8,936,024▲ $292,084
Total Liabilities$19,517,916$23,948,735▲ $4,430,819
Net Assets / Fund Balance
Net Assets With Donor Restrictions$85,282,494$85,282,498▲ $4
Net Assets Without Donor Restrictions$16,864,141$21,349,185▲ $4,485,044
Total Net Assets Fund Balance$102,146,635$106,631,683▲ $4,485,048
Total Liabilities and Net Assets / Fund Balance$121,664,551$130,580,418▲ $8,915,867

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,727,646$12,223,501$14,951,147
Other Land Buildings$778,854$5,998,133$6,776,987
Leasehold Improvements$234,523$223,385$457,908
Other Assets Org$13,475--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael HorowitzCorporate President/TrusteePT$857,327$738,161$1,595,488
Deborah Solmor FormerCorporate Secretary/General CounselPT$175,306$415,160$590,466
Deborah MarkosChief Operating OfficerFT$400,521$168,437$568,958
Jennifer GantzCorporate Treasurer/CFOPT$277,999$91,168$369,167
Richard MerrickChief Information OfficerFT$266,946$88,304$355,250
Leanne WruckChief Academic OfficerFT$235,077$89,610$324,687
Shari MikosCorporate SecretaryPT$231,019$78,776$309,795
Alison BaumannVP of MarketingFT$233,130$53,288$286,418
Donald PackhamChief HR Officer (until 6/24)FT$187,678$89,435$277,113
Gregory BenoAsst. TreasurerPT$213,433$54,873$268,306
Vikki LemusVP of Human ResourcesFT$193,995$57,474$251,469
Steve SchneckVP of IT ServiceFT$199,823$45,403$245,226
Lesley McKinleyVP of Enterprise ApplicationFT$170,324$57,597$227,921
Donnell BellAsst. Corp. Secretary (until 5/24)PT$173,889$41,841$215,730
Sara SoteloAsst. Corporate SecretaryPT$87,786$18,923$106,709

Board Members and Trustees

NameTitle
Edward BergmarkBoard Chair
Douglas PatinkinTrustee/2nd Vice Chair
Patricia PotterTrustee/Vice Chair
Richard ChaifetzVice Chair (until 05/24)
George MitchellVice Chair (until 06/23)
Alyssa BryantTrustee
Dipak PanigrahyTrustee
Dorothy FarrisTrustee
Jana JohnstonTrustee
Jennifer ForbesTrustee
Kevin KoteckiTrustee
Leslie SanchezTrustee
Renee LeviTrustee
Rodd SatterwhiteTrustee
Terence LayngTrustee
Teresa NunoTrustee
Valerie Coachman MooreTrustee
Victoria DolanTrustee
Dan McCartyTrustee (as of 05/24)
Diane WatsonTrustee (as of 05/24)
Marlene MooreTrustee (as of 05/24)
Steven NakisherTrustee (until 05/24)

Highest Paid Contractors

ContractorServicesLocationCompensation
Mason InteractiveMarketing ServicesPO Box 781580, Philadelphia, PA 19178$20,333,033
Digital Media SolutionsDigital Media Services4800 140th Ave N Ste 101, Clearwater, FL 33762$2,387,578
KellyBrady Advertising IncMarketing Services9921 N Nevada St Ste 200, Spokane, WA 99218$1,767,512
IT Savvy LLCIT ServicesPO Box 3296, Glen Ellyn, IL 60138$1,218,841
Sentinel Technologies IncIT ServicesPO Box 85080, Chicago, IL 60680$1,147,001
Revenue and Support

Revenue Composition

Contributions and Grants
$1,087,115
Program Service Revenue
$76,872,172
Investment Income
$859,168
Other Revenue
$36,920
All Other Contributions
$1,087,115
Change in Net Assets
$4,081,850

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table12$69,520Fair Market Value (FMV)
Total Noncash Contributions12$69,520-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$42,836,623
Salaries, Compensation, and Employee Benefits$31,936,902
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising-$29,622,412-$29,622,412
Other Salaries and Wages$8,699,213$13,146,576-$21,845,789
Information Technology$123,475$5,540,923-$5,664,398
Current Officers, Directors, Trustees, and Key Employees$334,151$4,325,508-$4,659,659
Other Employee Benefits$831,738$1,189,029-$2,020,767
Depreciation Depletion$824,896$1,175,567-$2,000,463
Pension Plan Contributions$474,930$1,265,647-$1,740,577
Payroll Taxes$674,444$995,666-$1,670,110
Fees for Services Other$100,511$1,210,992-$1,311,503
Occupancy$343,420$838,891-$1,182,311
Travel$285,115$525,237-$810,352
Fees for Services Accounting-$568,977-$568,977
Conferences and Meetings$113,044$265,681-$378,725
All Other Expenses$91,171$263,023-$354,194
Office Expenses$62,167$256,510-$318,677
Fees for Services Legal-$204,254-$204,254
Insurance-$31,777-$31,777
Other Expenses$2,310$777-$3,087
Total Functional Expenses$12,991,102$61,782,423$0$74,773,525
International Activity

International Summary

Offices
1
Employees
51
Spending
$260,414

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaProgram ServicesStudy Abroad122$122,014
Europe (Including Iceland & Greenland)Program ServicesStudy Abroad06$45,914
Europe (Including Iceland & Greenland)Program ServicesTeaching06$40,500
Sub-Saharan AfricaProgram ServicesTeaching012$31,200
South AsiaProgram ServicesStudy Abroad04$19,986
East Asia and the PacificProgram ServicesStudy Abroad01$800
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Richard ChaifetzBoard MemberAdmin FeesNo$175,628
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right-of-use Liabilities$7,103,955
Due to Affiliates$4,496,169
Retirement Plan Liabilities$3,331,715
Long Term Debt$80,872
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

The Form 990 is prepared by an independent accounting firm (RSM US 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.

Form 990, Part VI, Section B, line 12C

An Interested Person must annually disclose the existence of the facts and circumstances of any conflict of interest to either 1) the Board members and members of Board committees or 2) Human Resources 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 or Human Resources, the Interested Person shall be excluded from any deliberations or action concerning conflicts of the matter that gives rise to the conflict of interest. Each Board member, corporate officer, Board committee members and key employee 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, 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.

Form 990, Part VI, Section B, line 15

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 President and other TCS personnel. Executive salaries are reviewed and approved by the Board's Executive Committee with the assistance of a benefits consulting firm (Pearl Meyer) that provides recommendations based on comparative data with other organizations. The Board documents the basis of all compensation determinations in the records of the Board.

Form 990, Part VI, Section C, line 19

Financial information as well as governance documents, which include the conflict of interest policy, are not made available to the public.

Filing and Contact Details

Filer

Filer Name
TCS Education System
EIN
27-0717860
Phone
3123791699
Address
203 N LaSalle Street 1900, Chicago, IL 60601
Doing Business As
See Schedule O

Signing Officer

Name
Jennifer Gantz
Title
Corporate Treasurer/CFO
Phone
3123791699
Signed
2025-04-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Horowitz
Formed
2009
Legal Domicile
Il
Voting Board Members
20
Independent Board Members
19
Employees
303
Volunteers
19

Preparer

Firm
Rsm US Llp
Address
30 South Wacker Dr Suite 3300, Chicago, IL 60606-3392
Preparer
Rebekuh Eley
Phone
3126343400
Supplemental Narrative

Additional Explanations

Form 990, Part I, Item C

DBA: The Community Solution Education System DBA: The Community Solution DBA: The Community Solution in Higher Education

Financial Statement Notes

Part X, Line 2:

The System has received notification that it qualifies as a tax-exempt organization under Section 501(c)(3) of the U.S. Internal Revenue Code and corresponding provisions of state law and, accordingly, is not subject to federal or state income taxes. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the System may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the System and various positions related to the potential sources of unrelated business taxable income. There were no unrecognized tax benefits identified or recorded as liabilities during the years ended May 31, 2024 or 2023. The System annually files Form 990 in the U.S. federal jurisdiction and in the states of Illinois and California. The Affiliates annually file Form 990s in the U.S. federal jurisdiction and in their respective state or district.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3531347
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3616160
IRS990/Form990PartVIISectionAGrp/PersonNm0Michael Horowitz
IRS990/Form990PartVIISectionAGrp/PersonNm1Edward Bergmark
IRS990/Form990PartVIISectionAGrp/PersonNm2Richard Chaifetz
IRS990/Form990PartVIISectionAGrp/PersonNm3George Mitchell
IRS990/Form990PartVIISectionAGrp/PersonNm4Patricia Potter
IRS990/Form990PartVIISectionAGrp/PersonNm5Douglas Patinkin
IRS990/Form990PartVIISectionAGrp/PersonNm6Alyssa Bryant
IRS990/Form990PartVIISectionAGrp/PersonNm7Valerie Coachman Moore
IRS990/Form990PartVIISectionAGrp/PersonNm8Victoria Dolan
IRS990/Form990PartVIISectionAGrp/PersonNm9Dorothy Farris
IRS990/Form990PartVIISectionAGrp/PersonNm10Jennifer Forbes
IRS990/Form990PartVIISectionAGrp/PersonNm11Jana Johnston
IRS990/Form990PartVIISectionAGrp/PersonNm12Kevin Kotecki
IRS990/Form990PartVIISectionAGrp/PersonNm13Terence Layng
IRS990/Form990PartVIISectionAGrp/PersonNm14Renee Levi
IRS990/Form990PartVIISectionAGrp/PersonNm15Dan McCarty
IRS990/Form990PartVIISectionAGrp/PersonNm16Marlene Moore
IRS990/Form990PartVIISectionAGrp/PersonNm17Steven Nakisher
IRS990/Form990PartVIISectionAGrp/PersonNm18Teresa Nuno
IRS990/Form990PartVIISectionAGrp/PersonNm19Dipak Panigrahy
IRS990/Form990PartVIISectionAGrp/PersonNm20Leslie Sanchez
IRS990/Form990PartVIISectionAGrp/PersonNm21Rodd Satterwhite
IRS990/Form990PartVIISectionAGrp/PersonNm22Diane Watson
IRS990/Form990PartVIISectionAGrp/PersonNm23Jennifer Gantz
IRS990/Form990PartVIISectionAGrp/PersonNm24Shari Mikos
IRS990/Form990PartVIISectionAGrp/PersonNm25Gregory Beno
IRS990/Form990PartVIISectionAGrp/PersonNm26Donnell Bell
IRS990/Form990PartVIISectionAGrp/PersonNm27Sara Sotelo
IRS990/Form990PartVIISectionAGrp/PersonNm28Deborah Markos
IRS990/Form990PartVIISectionAGrp/PersonNm29Richard Merrick
IRS990/Form990PartVIISectionAGrp/PersonNm30Donald Packham
IRS990/Form990PartVIISectionAGrp/PersonNm31Leanne Wruck
IRS990/Form990PartVIISectionAGrp/PersonNm32Alison Baumann
IRS990/Form990PartVIISectionAGrp/PersonNm33Vikki Lemus
IRS990/Form990PartVIISectionAGrp/PersonNm34Steve Schneck
IRS990/Form990PartVIISectionAGrp/PersonNm35Lesley McKinley
IRS990/Form990PartVIISectionAGrp/PersonNm36Deborah Solmor Former
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt01457327
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt360
IRS990/Form990PartVIISectionAGrp/TitleTxt0Corporate President/Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chair (until 05/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice Chair (until 06/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee/Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee/2nd Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$131$23.9$107$78.9$74.8$4.08
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$122$19.5$102$70.9$66.8$4.11
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$58.8$14.5$44.4$63.7$59.2$4.51
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.7$12.9$39.8$55.1$53.5$1.58
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.4$12.8$37.6$49.3$46.8$2.49
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.0$12.2$34.8$45.3$44.4$0.99
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.5$9.24$33.3$42.2$47.0$4.80
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$47.6$9.52$38.1$39.5$37.9$1.66
2016Detailed filing. Detailed filing data is available for this year.$44.8$8.33$36.5$34.9$32.8$2.10
2015Detailed filing. Detailed filing data is available for this year.$42.2$7.85$34.3$33.1$31.3$1.76
2014Detailed filing. Detailed filing data is available for this year.$41.2$8.64$32.5$32.2$30.4$1.75
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.3$7.56$23.7$28.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.0$8.71$22.3$27.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.8$16.7$4.88$21.7