University Of The Arts
- Assets
- $189.9m
- Revenue
- $110.1m
- Investments
- $13.8m
- Employees
- 778
- Location
- Philadelphia, PA
- Founding
- 09/1964
- Data as of
- 06/2022
- EIN
- 23-1639911
Organization Overview
University Of The Arts is located in Philadelphia, PA. The organization was established in 1964. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, University Of The Arts employed 778 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of The Arts 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 06/2022, University Of The Arts generated $110.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $108.6m during the year ending 06/2022. While expenses have increased by 0.7% per year over the past 7 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.
Since 2015, University Of The Arts has awarded 541 individual grants totaling $64,626,818. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRING, EDUCATING & PREPARING INNOVATIVE ARTISTS AND CREATIVE LEADERS FOR THE 21ST CENTURY ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION - EXPENSES INCURRED IN PROVIDING ACADEMIC INSTRUCTION THROUGH OUR INNOVATIVE CURRICULA TO OUR 1,500 STUDENTS, WHO ARE ENROLLED IN 41 UNDERGRADUATE AND GRADUATE PROGRAMS THROUGH OUR SCHOOL OF ART, SCHOOL OF DESIGN AND SCHOOL OF FILM IN THE COLLEGE OF ART, MEDIA & DESIGN; THE SCHOOL OF DANCE, THE IRA BRIND SCHOOL OF THEATER ARTS AND THE SCHOOL OF MUSIC IN THE COLLEGE OF PERFORMING ARTS; AND THE DIVISION OF LIBERAL ARTS; AND 789 STUDENTS SERVED ANNUALLY BY OUR DIVISION OF CONTINUING STUDIES.
ACADEMIC SUPPORT - COSTS INCURRED WITH THE MAINTENANCE OF PROGRAMS AND ACTIVITIES FOR FACULTY AND STUDENTS, INCLUDING ACADEMIC ADVISING, OUR SEVEN PROFESSIONAL PERFORMANCE VENUES, 12 ART GALLERIES, UNIVERSITY LIBRARIES SYSTEM, A WIDE RANGE OF ART- AND CRAFT-RELATED STUDIOS AND WORKSHOPS, AND TECHNOLOGICAL RESOURCES AND SUPPORT.
STUDENT SERVICES - COSTS INCURRED WITH THE MAINTENANCE OF PROGRAMS THAT SUPPORT OUR STUDENT BODY, INCLUDING DINING SERVICES, RESIDENTIAL FACILITIES, MEDICAL SERVICES, MENTAL HEALTH COUNSELING, STUDENT CLUBS AND ORGANIZATIONS, SPORTS AND RECREATION, LEADERSHIP TRAINING, CAREER COUNSELING, AND ACCESSIBILITY SERVICES FOR STUDENTS WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Yager President & CEO | Officer | 40 | $815,103 |
Paula Marincola Executive Director Of Pcah | Officer | 40 | $290,364 |
Stephen Lightcap Edd VP Of Finance & Administration | Officer | 40 | $270,819 |
Carol Graney VP For Academic Affairs | Officer | 40 | $197,699 |
Andrew Pack VP For Dev. & Alumni Relations | Officer | 40 | $192,074 |
Donna Burchfield Dean Of The School Of Dance | Officer | 40 | $191,121 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Services Inc Maintenance Services | 6/29/22 | $4,134,944 |
Parkhurst Dining Services Food Services | 6/29/22 | $3,241,653 |
Allied Universal Security Services Security Services | 6/29/22 | $2,424,174 |
Ati Restoration Llc Restoration Services | 6/29/22 | $686,119 |
C Erickson And Sons Inc General Contractor | 6/29/22 | $772,667 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $427,572 |
| Related organizations | $0 |
| Government grants | $5,312,567 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,400,225 |
| Noncash contributions included in lines 1a–1f | $50,941 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,140,364 |
| Total Program Service Revenue | $84,153,796 |
| Investment income | $2,293,900 |
| Tax Exempt Bond Proceeds | $1,950 |
| Royalties | $0 |
| Net Rental Income | $200,535 |
| Net Gain/Loss on Asset Sales | $839,763 |
| Net Income from Fundraising Events | -$47,888 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$37,521 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $110,070,964 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,858,442 |
| Grants and other assistance to domestic individuals. | $39,618,410 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,495,529 |
| Compensation of current officers, directors, key employees. | $1,762,198 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,521,716 |
| Pension plan accruals and contributions | $419,984 |
| Other employee benefits | $2,789,707 |
| Payroll taxes | $1,656,833 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $347,025 |
| Fees for services: Accounting | $139,903 |
| Fees for services: Lobbying | $69,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $297,467 |
| Fees for services: Other | $12,078,702 |
| Advertising and promotion | $247,364 |
| Office expenses | $2,152,194 |
| Information technology | $974,751 |
| Royalties | $0 |
| Occupancy | $2,110,380 |
| Travel | $689,789 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $65,172 |
| Interest | $2,432,838 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,057,828 |
| Insurance | $673,629 |
| All other expenses | $889,286 |
| Total functional expenses | $108,552,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,212,707 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $19,660,478 |
| Accounts receivable, net | $543,751 |
| 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 | $1,292,750 |
| Net Land, buildings, and equipment | $94,500,367 |
| Investments—publicly traded securities | $48,470,892 |
| Investments—other securities | $13,773,395 |
| Investments—program-related | $594,581 |
| Intangible assets | $0 |
| Other assets | $3,886,919 |
| Total assets | $189,935,840 |
| Accounts payable and accrued expenses | $7,972,636 |
| Grants payable | $0 |
| Deferred revenue | $5,798,017 |
| Tax-exempt bond liabilities | $46,370,165 |
| 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 | $5,014,323 |
| Total liabilities | $65,155,141 |
| Net assets without donor restrictions | $35,164,642 |
| Net assets with donor restrictions | $89,616,057 |
| 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 | $189,935,840 |
Grants Awarded
Over the last fiscal year, University Of The Arts has awarded $9,858,442 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: ARTS AND CULTURAL PROJECTS | $645,000 |
Philadelphia, PA PURPOSE: ARTS AND CULTURAL PROJECTS | $498,000 |
Philadelphia, PA PURPOSE: ARTS AND CULTURAL PROJECTS | $468,000 |
Philadelphia, PA PURPOSE: ARTS AND CULTURAL PROJECTS | $455,612 |
Philadelphia, PA PURPOSE: ARTS AND CULTURAL PROJECTS | $381,816 |
Glenside, PA PURPOSE: ARTS AND CULTURAL PROJECTS | $369,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Of The Arts has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The Ann And Murray Spain Foundation Under Deed Of Trust 10-06-2000 Southampton, PA PURPOSE: GENERAL CHARITABLE PURPOSE | $10,000 |
Endowment Analysis
| Beg. Balance | $67,050,163 |
| Earnings | -$5,917,861 |
| Net Contributions | $1,283,331 |
| Grants | $2,711,348 |
| Ending Balance | $59,704,285 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fordham University Bronx, NY | $2,430,141,698 | $953,892,663 |
Rochester Institute Of Technology Rochester, NY | $2,526,196,996 | $1,071,324,345 |
St Johns University New York Jamaica, NY | $1,703,677,283 | $798,473,536 |
University Of Dayton Dayton, OH | $1,782,604,426 | $747,930,230 |
Villanova University Villanova, PA | $2,287,455,797 | $872,271,471 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Rockefeller University New York, NY | $4,263,008,941 | $535,346,959 |
Lehigh University Bethlehem, PA | $3,057,301,515 | $713,288,867 |
The New School New York, NY | $1,263,076,833 | $558,997,855 |
Hofstra University Hempstead, NY | $1,538,245,078 | $606,887,297 |
American University Of Beirut New York, NY | $1,902,791,001 | $608,300,843 |
Seton Hall University South Orange, NJ | $890,349,000 | $473,034,000 |