Tcs Education System EIN 27-0717860

Tcs Education System

EIN  27-0717860 Supporting organization Chicago, IL Founded 2009
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/7/26 · see original filing: IRS
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Size
$10–100M
What they do
Educates students to become innovative, engaged agents of change for the global community.
Leadership
Michael Horowitz · Corporate President/Trustee · $1.6M
Money in and out
$80.0M revenue, $77.0M expenses
Bottom line
+4% net inflow

Educates students to become innovative, engaged agents of change for the global community. For fiscal year 2025 it reported $80.0M in revenue, $77.0M in expenses, and $110.0M in net assets.Pt I

Money in and out · FY2025
Total revenue
$80.0M
Pt VIII · Ln 12
Total expenses
$77.0M
Pt IX · Ln 25
Net assets
$110.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3.0M
Where spending went · Part IX cols B–D
Program services $0.17 Management & general $0.83
Net inflow
+4%
revenue over expenses, this year▼ -27% vs prior filing year
Pass-through gifts
0%
of revenue from contributions▼ -87% vs prior filing year
Program spending
17%
of expenses reach stated programs▼ -2% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$80.0M
FY2025▲ +1%
Expenses
$77.0M
FY2025▲ +3%
Total assets
$130.5M
FY20250%
Total liabilities
$20.5M
FY2025▼ -14%
Total revenue
$80.0M
Pt VIII · Ln 12
Total expenses
$77.0M
Pt IX · Ln 25
Net assets
$110.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3.0M
Total assetsPt X · Ln 16$130.5M
Program-expense ratioPt IX · col B17%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 419
Mission & Programs · Part III

Where the work happens

1 program service account for $13.1M of program spending, described in the organization's own filed words · FY2024.
01

TCS Education System d/b/a The Community Solution is a private, nonprofit system of colleges advancing student success and community impact. The System serves primarily as a supporting organization and central provider of services to several related institutions of higher learning.

$13.1Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTcs Education System
EINHdr · item D27-0717860
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jwww.tcsedsystem.edu
Year of formationHdr · item L2009
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B198)
Ruling yearIRS BMFJun 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a20
Independent voting membersPt VI · Ln 1b19
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Corporate President/Trustee
$1,566,900Pt VII · Sec A
Chief Operating Officer
$543,950Pt VII · Sec A
Corporate Treasurer/CFO
$375,738Pt VII · Sec A
Chief Information Officer
$369,804Pt VII · Sec A
Chief Human Resources Officer
$364,659Pt VII · Sec A
Corporate Secretary
$339,858Pt VII · Sec A
Chief Academic Officer (until 7/24)
$288,436Pt VII · Sec A
VP of Marketing
$282,230Pt VII · Sec A

Michael Horowitz’s $1.6M as Corporate President/Trustee is at the 100th percentile of top reported officer pay among 3682 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Michael Horowitz$1,566,900$1,457,327$1,362,150$1,335,486$1,900,859$3,065,709
Deborah Solmor Former$574,306
Deborah Markos$543,950$500,521$423,850$401,993$397,358$394,982
Jennifer Gantz$375,738$345,499$48,808
Richard Merrick$369,804$329,946$306,008$274,966$264,918$237,902
Brian Powell$364,659
Deborah Solmor Corporate$349,181
Donald Packham$256,678$342,729$326,061$321,997$306,486

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$78.8M · 99%
Investment income$1.0M · 1%
Program service revenue99%$78.8M
Investment income1%$1.0M
Contributions & grants$140K
Other revenue$33K
Total revenueLn 12$80.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.17 Management & general $0.83
Program services17%$13.1M
Management & general83%$63.9M
Total functional expensesLn 25$77.0M

Balance Sheet

Part X · end of year
CashLn 1$19.8M
Total assetsLn 16$130.5M
Total liabilitiesLn 26$20.5M
Total net assetsLn 32$110.0M
Months of cash on handcomputed3.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $23.0M · Operating expenses (Pt IX) $77.0M · Less non-cash grants $76K · Cash operating expenses/yr $76.9M
3.6 months
Where the money goes
Program services
Program services $13.1M · Total expenses $77.0M
17%
Management & General
Management & general $63.9M · Total expenses $77.0M
83%
Fundraising
Fundraising $0 · Total expenses $77.0M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $447K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $140K · Total revenue $80.0M
0%
Government reliance
Government grants — · Total revenue $80.0M
Earned-income share
Program service revenue $78.8M · Total revenue $80.0M
99%
Investment reliance
Investment income $1.0M · Total revenue $80.0M
+1%
Program self-sufficiency
Program service revenue $78.8M · Total expenses $77.0M
102%
Growth & trend
Revenue growth (YoY)
This year $80.0M · Prior year $78.9M
+1%
Revenue CAGR
FY2019 $49.3M · FY2024 $80.0M
+10%
Net-asset trend (YoY)
End of year $110.0M · Beginning of year $106.6M
+3%
Balance sheet
Surplus Margin
Revenue $80.0M · Expenses $77.0M
+4%
Liabilities-to-Assets
Total liabilities $20.5M · Total assets $130.5M
16%
Net-asset ratio
Net assets $110.0M · Total assets $130.5M
84%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $3.2M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $130.5M
2%
People & payroll
Highest Reported Total Compensation
Individual Michael Horowitz · Reported title Corporate President/Trustee · Highest reported compensation $1.6M · Total expenses $77.0M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $33.9M · Total expenses $77.0M
44%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 17%
Overhead ratio 83%
Fundraising cost ratio 0%
Revenue growth 1%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$5K
Grants paid · 1 grant · $500K · 2019–2019

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$80.0M revenue · viewing · ⤓ 990 PDF
FY2024$78.9M revenue · ⤓ 990 PDF
FY2023$70.9M revenue · ⤓ 990 PDF
FY2022$63.7M revenue · ⤓ 990 PDF
FY2021$55.1M revenue · ⤓ 990 PDF
FY2020$49.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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