Rhode Island School Of Design

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.

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)Compensation
Rosanne Somerson
President
$562,804
David Proulx
SVP Fin & Admin
$361,781
O'neil Andrew Sunil Outar
VP Institutional Engagement
$322,516
John W Smith
Director Of Museum Of Art
$290,090
Kent Kleinman
Provost
$275,790
Steven J Mcdonald
General Counsel/secretary
$247,154

Rhode Island School Of Design Vendors

Vendor Name (Service)Compensation
Site Specific Llc
Construction Svcs
$5,343,072
Shawmut Design & Construction
Construction Svcs
$29,702,552
Arden Building Companies Llc
Construction Svcs
$2,532,897
Global Endowment Management Lp
Investment Mgmt
$1,548,660
Incline Alchemy
Consulting
$1,513,673
View All Vendors

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

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 OrganizationAmount
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
View Grant Recipient Profile

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

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