College Art Association Of America Inc
- Assets
- $11.2m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 25
- Location
- New York, NY
- Founding
- 11/1938
- Data as of
- 06/2020
- EIN
- 13-1671148
Organization Overview
College Art Association Of America Inc is located in New York, NY. The organization was established in 1938. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, College Art Association Of America Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Art Association Of America Inc 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 06/2020, College Art Association Of America Inc generated $5.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $3.7m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, College Art Association Of America Inc has awarded 45 individual grants totaling $741,820. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE COLLEGE ART ASSOCIATION PROMOTES THE VISUAL ARTS AND UNDERSTANDING THROUGH VARIOUS MEANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART BULLETIN: THE ART BULLETIN FOUNDED IN 1913 IS A QUARTERLY DEDICATED TO SCHOLARLY ARTICLES AND REVIEWS OF BOOKS IN ALL PERIODS OF ART HISTORY. FOUR ISSUES WERE MAILED TO APPROXIMATELY 4,500 MEMBERS.
ART JOURNAL: A QUARTERLY FOUNDED IN 1941 IS A JOURNAL OF ARTICLES AND OPINIONS THAT FOCUS ON ART AND OTHER ISSUES IN ARTS OF OUR TIME. FOUR ISSUES WERE MAILED TO APPROXIMATELY 3,550 MEMBERS.
ANNUAL MEETING: A MEETING IS HELD ONCE A YEAR FOR STUDENTS, TEACHERS, & SCHOLARS. THEY GATHER TO DISSEMINATE INFORMATION IN THE FIELD OF ART AND HISTORY. OVER 4,000 ATTENDED THIS MEETING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isimeme Omogbai Executive Director And CEO | OfficerTrustee | 35 | $152,982 |
Tiffany Dugan Director Of Programs | 35 | $151,002 | |
Robert Tofolo Head Of Operations | Officer | 35 | $138,892 |
David Raizman Treasurer (through 02/21) | OfficerTrustee | 2 | $20,000 |
Audrey G Bennett Secretary | OfficerTrustee | 2 | $0 |
Jim Hopfensperger Former Pres (through 05/21) | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Psav Audio Visual | 6/29/20 | $179,464 |
Taylor And Francis Group Llc Printing/shipping | 6/29/20 | $225,789 |
Psav Audio Visual | 6/29/20 | $179,464 |
Taylor And Francis Group Llc Printing/shipping | 6/29/20 | $225,789 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $973,294 |
| Investment income | $184,787 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $45,181 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,493,169 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,238,547 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $22,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $12,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $194,393 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,389,900 |
| Pension plan accruals and contributions | $47,583 |
| Other employee benefits | $204,841 |
| Payroll taxes | $118,808 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,000 |
| Fees for services: Lobbying | $8,431 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,964 |
| Fees for services: Other | $352,336 |
| Advertising and promotion | $20,552 |
| Office expenses | $16,456 |
| Information technology | $21,933 |
| Royalties | $0 |
| Occupancy | $319,694 |
| Travel | $58,334 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $318,545 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,633 |
| Insurance | $30,963 |
| All other expenses | $0 |
| Total functional expenses | $3,701,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,793 |
| Savings and temporary cash investments | $414,588 |
| Pledges and grants receivable | $571,884 |
| Accounts receivable, net | $20,803 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $60,711 |
| Investments—publicly traded securities | $9,810,111 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,347 |
| Total assets | $11,184,804 |
| Accounts payable and accrued expenses | $159,202 |
| Grants payable | $0 |
| Deferred revenue | $843,764 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,000 |
| Unsecured mortgages and notes payable | $372,968 |
| Other liabilities | $209,099 |
| Total liabilities | $1,595,033 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $9,589,771 |
Grants Awarded
Over the last fiscal year, College Art Association Of America Inc has awarded $157,150 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WASHINGTON PRESS PURPOSE: PUBLICATION GRANT | $72,150 |
New Haven, CT PURPOSE: PUBLICATION GRANT | $22,500 |
PENN STATE UNIVERSITY PRESS PURPOSE: PUBLICATION GRANT | $15,500 |
Cambridge, MA PURPOSE: PUBLICATION GRANT | $11,000 |
Redwood City, CA PURPOSE: PUBLICATION GRANT | $10,000 |
Oakland, CA PURPOSE: PUBLICATION GRANT | $9,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that College Art Association Of America Inc has recieved totaling $43.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $43 |
Endowment Analysis
| Beg. Balance | $3,472,718 |
| Earnings | $896,952 |
| Other Expense | $196,326 |
| Ending Balance | $4,173,344 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Advertising Research Foundation Inc New York, NY | $7,084,927 | $8,623,968 |
The International Coalition Of Historic Ite Museums Of Conscience New York, NY | $2,572,354 | $8,768,933 |
Theatre Communications Group Inc New York, NY | $7,458,021 | $6,461,267 |
The Broadway League Inc New York, NY | $17,394,373 | $2,874,492 |
American Symphony Orchestra League New York, NY | $11,789,942 | $6,931,089 |
Video Advertising Bureau Inc New York, NY | $5,863,677 | $6,614,761 |
Opera America Inc New York, NY | $21,495,082 | $5,690,929 |
American Institute Of Graphic Arts New York, NY | $6,026,446 | $3,684,558 |
American Numismatic Society New York, NY | $59,393,840 | $7,804,427 |
College Art Association Of America Inc New York, NY | $11,184,804 | $5,238,547 |
Authors Guild Inc New York, NY | $3,070,324 | $4,065,324 |
Boston Society Of Architects Treasurers Office Boston, MA | $12,418,866 | $3,237,658 |