Rhode Island School Of Design
- Assets
- $684.9m
- Revenue
- $216.9m
- Investments
- $335.8m
- Employees
- 3,815
- Location
- Providence, RI
- Founding
- 05/1934
- Data as of
- 06/2020
- EIN
- 05-0258956
Rhode Island School Of Design 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 06/2020, Rhode Island School Of Design employed 3,815 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Rhode Island School Of Design generated $216.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $188.1m during the year ending 06/2020. While expenses have increased by 3.6% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
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:
Part 3 - Line 4a
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 22 STUDIO MAJORS AND EARN BACHELOR'S OR MASTER'S DEGREES IN THE FINE ARTS, ARCHITECTURE OR ART EDUCATION. EACH YEAR, MORE THAN 5,800 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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Rhode Island School Of Design Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosanne Somerson President | OfficerTrustee | 50 | $562,804 |
David Proulx SVP Fin & Admin | Officer | 50 | $361,781 |
O'neil Andrew Sunil Outar VP Institutional Engagement | Officer | 50 | $322,516 |
John W Smith Director Of Museum Of Art | Officer | 50 | $290,090 |
Kent Kleinman Provost | Officer | 50 | $275,790 |
Steven J Mcdonald General Counsel/secretary | Officer | 50 | $247,154 |
Rhode Island School Of Design Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Site Specific Llc Construction Svcs | 6/29/20 | $5,343,072 |
Shawmut Design & Construction Construction Svcs | 6/29/20 | $29,702,552 |
Arden Building Companies Llc Construction Svcs | 6/29/20 | $2,532,897 |
Global Endowment Management Lp Investment Mgmt | 6/29/20 | $1,548,660 |
Incline Alchemy Consulting | 6/29/20 | $1,513,673 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,478,568 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,847,316 |
| Noncash contributions included in lines 1a–1f | $441,171 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,325,884 |
| Total Program Service Revenue | $160,734,980 |
| Investment income | $5,489,495 |
| Tax Exempt Bond Proceeds | $817,892 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,118,338 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $216,882,419 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $27,690,817 |
| Grants and other assistance to Foreign Orgs/Individuals | $85,916 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,676,205 |
| Compensation of current officers, directors, key employees. | $1,084,111 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,271,177 |
| Pension plan accruals and contributions | $5,019,283 |
| Other employee benefits | $11,044,007 |
| Payroll taxes | $5,255,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $272,939 |
| Fees for services: Accounting | $142,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $217,643 |
| Fees for services: Investment Management | $1,708,630 |
| Fees for services: Other | $6,287,537 |
| Advertising and promotion | $451,752 |
| Office expenses | $9,743,559 |
| Information technology | $3,167,842 |
| Royalties | $0 |
| Occupancy | $9,123,539 |
| Travel | $2,382,518 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,478,477 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,847,539 |
| Insurance | $958,146 |
| All other expenses | $2,337,513 |
| Total functional expenses | $188,096,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,803,685 |
| Savings and temporary cash investments | $22,395,126 |
| Pledges and grants receivable | $6,172,685 |
| Accounts receivable, net | $901,450 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,871,770 |
| Inventories for sale or use | $1,676,200 |
| Prepaid expenses and deferred charges | $2,332,799 |
| Net Land, buildings, and equipment | $267,837,207 |
| Investments—publicly traded securities | $6,713,488 |
| Investments—other securities | $335,784,860 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,369,935 |
| Total assets | $684,859,205 |
| Accounts payable and accrued expenses | $14,063,360 |
| Grants payable | $0 |
| Deferred revenue | $5,471,610 |
| Tax-exempt bond liabilities | $199,377,492 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,179,277 |
| Total liabilities | $237,091,739 |
| Net assets without donor restrictions | $306,589,518 |
| Net assets with donor restrictions | $141,177,948 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $684,859,205 |
Rhode Island School Of Design Grants Recieved
Over the last fiscal year, we have identified 18 grants that Rhode Island School Of Design has recieved totaling $117,000.
| Awarding Organization | Amount |
|---|---|
Peter T Joseph Foundation Inc New York, NY PURPOSE: GENERAL CHARITABLE PURPOSES | $20,000 |
Zhiyuan Yining Foundation Sunnyvale, CA PURPOSE: DONATIONS | $11,000 |
Anne Boyd Lichtenstein Foundation New York, NY PURPOSE: GENERAL EXEMPT PURPOSE | $10,000 |
Anne Boyd Lichtenstein Foundation New York, NY PURPOSE: GENERAL EXEMPT PURPOSE | $10,000 |
Eleanor Dillenbeck Scholarship Tr 59-1264600 Providence, RI PURPOSE: UNRESTRICTED GENERAL | $10,000 |
Lois & Max Beren Foundation Wichita, KS PURPOSE: SCHOLARSHIP | $5,000 |
Endowment Analysis
| Beg. Balance | $351,131,815 |
| Earnings | $8,914,697 |
| Admin Expense | $1,687,029 |
| Net Contributions | $6,991,521 |
| Other Expense | $12,087,266 |
| Grants | $4,252,195 |
| Ending Balance | $349,011,543 |
Rhode Island School Of Design Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bentley University Waltham, MA | $681,081,992 | $316,624,866 |
Mcphs University Boston, MA | $1,486,480,487 | $345,361,919 |
Bryant University Smithfield, RI | $506,736,315 | $218,647,857 |
Rhode Island School Of Design Providence, RI | $684,859,205 | $216,882,419 |
New England Law Boston Boston, MA | $108,370,694 | $37,116,199 |
Gordon Conwell Theological Seminary Inc South Hamilton, MA | $105,742,283 | $36,912,582 |
Boston Architectural College Boston, MA | $35,421,404 | $18,305,462 |
Massachusetts School Of Law At Andover Andover, MA | $8,996,547 | $5,961,017 |
Hartford Seminary Hartford, CT | $60,859,478 | $5,209,809 |
High Meadows Graduate School Of Teaching And Learning Inc Cambridge, MA | $3,183,489 | $3,059,711 |
Berkeley Divinity School New Haven, CT | $55,639,236 | $4,912,560 |
Nicsa Inc Boston, MA | $990,191 | $2,801,802 |
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