Rhode Island School Of Design

Organization Overview

Rhode Island School Of Design is located in Providence, RI. The organization was established in 1934. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2021, Rhode Island School Of Design employed 3,581 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island School Of Design 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 06/2021, Rhode Island School Of Design generated $200.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $184.3m during the year ending 06/2021. While expenses have increased by 2.7% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO EDUCATE ITS STUDENTS AND THE PUBLIC IN THE CREATION AND APPRECIATION OF ART AND DESIGN.

Describe the Organization's Program Activity:

EDUCATION - RHODE ISLAND SCHOOL OF DESIGN WAS FOUNDED IN 1877, MAKING IT ONE OF THE FIRST ART AND DESIGN SCHOOLS IN THE US. APPROXIMATELY 2,500 STUDENTS FROM AROUND THE WORLD ARE ENGAGED IN LIBERAL ART STUDIES AND RIGOROUS, STUDIO-BASED LEARNING AT RISD, WHERE THEY CHOOSE FROM 21 STUDIO MAJORS AND EARN BACHELOR'S OR MASTER'S DEGREES IN THE FINE ARTS, ARCHITECTURE OR ART EDUCATION. EACH YEAR, APPROXIMATELY THAN 4,600 CHILDREN AND ADULTS ALSO ACCESS OUR SPECIALIZED STUDIO FACILITIES THROUGH RISD CONTINUING EDUCATION COURSES.


MUSEUM - THE RISD MUSEUM WAS FOUNDED ON THE BELIEF THAT ART, ARTISTS, AND THE INSTITUTIONS THAT SUPPORT THEM PLAY PIVOTAL ROLES IN PROMOTING BROAD CIVIC ENGAGEMENT AND CREATING MORE OPEN SOCIETIES. THE RISD MUSEUM EDUCATES AND INSPIRES STUDENTS AND THE PUBLIC THROUGH EXHIBITIONS, LECTURES, TOURS, WORKSHOPS AND PUBLICATIONS AND PROVIDES FREE ACCESS TO DIGITAL IMAGES OF PUBLIC DOMAIN MATERIALS IN THE COLLECTION FOR ANY PURPOSE. WE WANT OUR COLLECTION, SCHOLARSHIP, AND INTERPRETIVE CONTENT TO BE ACCESSED, DISTRIBUTED, AND REUSED BY EVERYONE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Global Endowment Management Lp
Investment Mgmt
$1,790,632
Site Specific Llc
Construction Svcs
$1,569,460
Clinical Research Sequencing Platform Ll
Laboratory Svcs
$1,408,750
Shawmut Woodworking And Supply Inc
Construction Svcs
$20,353,066
Arden Building Companies Llc
Construction Svcs
$841,333
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,847,933
All other contributions, gifts, grants, and similar amounts not included above$25,146,010
Noncash contributions included in lines 1a–1f $5,197,131
Total Revenue from Contributions, Gifts, Grants & Similar$28,993,943
Total Program Service Revenue$142,826,091
Investment income $2,413,234
Tax Exempt Bond Proceeds $101,608
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $26,441,902
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $200,813,322

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Rhode Island School Of Design has recieved totaling $500.

Awarding OrganizationAmount
Becton Family Foundation Tr

Homosassa, FL

PURPOSE: CONTRIBUTION TO THE INDUSTRIAL DE

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$349,011,543
Earnings$102,576,352
Admin Expense$2,004,101
Net Contributions$10,335,746
Other Expense$12,360,583
Grants$4,649,564
Ending Balance$442,909,393

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