Kansas City Art Institute

Organization Overview

Kansas City Art Institute is located in Kansas City, MO. The organization was established in 1939. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2021, Kansas City Art Institute employed 607 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kansas City Art Institute 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, Kansas City Art Institute generated $52.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $42.4m during the year ending 06/2021. While expenses have increased by 5.4% 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

MISSION: PREPARE GIFTED STUDENTS TO TRANSFORM THE WORLD CREATIVELY THROUGH ART AND DESIGN. VISION: TO BE AN INNOVATIVE LEADER IN ART AND DESIGN EDUCATION.

Describe the Organization's Program Activity:

THE COLLEGE PROVIDED EDUCATIONAL PROGRAMS TO APPROXIMATELY 694 FALL (2020) FTE AND 640 SPRING (2021) FTE BACHELOR OF FINE ARTS DEGREE-SEEKING STUDENTS. THE INSTITUTE ALSO PROVIDED FINANCIAL AID TO STUDENTS IN THE FORM OF SCHOLARSHIPS AND GRANTS.


THE COLLEGE PROVIDED CONTINUING AND PROFESSIONAL EDUCATION COURSES FOR BOTH DEGREE AND NON-DEGREE SEEKING STUDENTS FOR SUMMER (ADULT AND CHILDREN) CLASSES AND PROGRAMS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Al Huber Inc
General Contractor
$10,201,913
Je Dunn Construction Company
Construction Company
$5,691,153
Winbury Realty Of Kc Llc
Real Estate Managers
$528,905
Mccown Gordon Construction Llc
Construction Company
$4,530,560
Great Western Dining Services
Dining Services
$517,529
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$318,852
Related organizations$0
Government grants $3,730,525
All other contributions, gifts, grants, and similar amounts not included above$3,960,168
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$8,009,545
Total Program Service Revenue$29,669,536
Investment income $368,156
Tax Exempt Bond Proceeds $0
Royalties $1,542
Net Rental Income $0
Net Gain/Loss on Asset Sales $14,740,966
Net Income from Fundraising Events -$83,051
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $20,690
Miscellaneous Revenue$0
Total Revenue $52,746,007

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Kansas City Art Institute has recieved totaling $70,994.

Awarding OrganizationAmount
F M Bernardin Charitable Trust

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$60,994
Sms Foundation Inc

Madison, WI

PURPOSE: EDUCATE THE ARTISTS AND DESIGNERS OF TOMORROW

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$69,816,380
Earnings$15,326,603
Admin Expense$205,909
Net Contributions$571,166
Other Expense$3,904,053
Ending Balance$81,604,187

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