Association Of Independent Colleges Of Art And Design Inc
- Assets
- $795.6k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 3
- Location
- Providence, RI
- Founding
- 01/1992
- Data as of
- 06/2022
- EIN
- 52-1752451
Organization Overview
Association Of Independent Colleges Of Art And Design Inc is located in Providence, RI. The organization was established in 1992. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2022, Association Of Independent Colleges Of Art And Design Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Independent Colleges Of Art And Design 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 06/2022, Association Of Independent Colleges Of Art And Design Inc generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INFORMATION TO THE PUBLIC ABOUT ART AND DESIGN EDUCATION AT THE COLLEGE LEVEL AND TO CONDUCT RESEARCH, CONFERENCES, AND SYMPOSIA TO HELP PROMOTE THE QUALITY OF THE MEMBER SCHOOLS' OFFERINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER SUPPORT SERVICES - THE ASSOCIATION PROVIDES A RANGE OF MEMBER SUPPORT SERVICES ANNUALLY INCLUDING ORGANIZING OVER A DOZEN PROFESSIONAL DEVELOPMENT GATHERINGS, PROVIDING STAFF AND FACULTY MEMBERS FROM MEMBER SCHOOLS WITH ACCESS TO BEST PRACTICES, EXPERT SPEAKERS AND RELEVANT RESEARCH; COLLECTING AND ANALYZING A RANGE OF DATA FROM MEMBER SCHOOLS TO AID IN INFORMED DECISION MAKING; AND MANAGING THE JOINT PURCHASING OF SHARED PRODUCTS AND SERVICES TO DELIVER DISCOUNTS TO MEMBER SCHOOLS.
PUBLIC INFORMATION - THE ASSOCIATION SERVES AS A RESOURCE FOR HIGH SCHOOL ART TEACHERS AND COLLEGE GUIDANCE COUNSELORS. ADDITIONALLY, THE ASSOCIATION MAINTAINS A PUBLIC WEBSITE PROVIDING CURRENT, COMPREHENSIVE INFORMATION ON ALL ITS MEMBER SCHOOLS FOR PROSPECTIVE STUDENTS AND THEIR PARENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Obalil President & Executive Dire | Officer | 40 | $184,000 |
Melanie Corn Secretary | Officer | 1 | $0 |
Sanjit Sethi Vice Chair | Officer | 1 | $0 |
Kurt Steinberg Treasurer | Officer | 1 | $0 |
Elisa Tenny Chair | Officer | 1 | $0 |
Daniel Doz Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $512,839 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $57,385 |
| All other contributions, gifts, grants, and similar amounts not included above | $270,699 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $840,923 |
| Total Program Service Revenue | $404,738 |
| Investment income | $8,754 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,824 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,309,462 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $184,000 |
| Compensation of current officers, directors, key employees. | $36,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $137,720 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,561 |
| Payroll taxes | $23,876 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,196 |
| Travel | $13,180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,681 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,056 |
| Insurance | $3,182 |
| All other expenses | $78,278 |
| Total functional expenses | $1,014,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,184 |
| Savings and temporary cash investments | $392,299 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,055 |
| 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 | $23,165 |
| Net Land, buildings, and equipment | $1,769 |
| Investments—publicly traded securities | $282,871 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,295 |
| Total assets | $795,638 |
| Accounts payable and accrued expenses | $60,847 |
| Grants payable | $0 |
| Deferred revenue | $58,087 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $118,934 |
| Net assets without donor restrictions | $426,704 |
| Net assets with donor restrictions | $250,000 |
| 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 | $795,638 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Benjamin Franklin Institute Of Technology Boston, MA | $15,070,208 | $17,077,730 |
Montserrat College Of Art Inc Beverly, MA | $16,506,023 | $17,973,351 |
Urban College Of Boston A Two Year College Inc Boston, MA | $2,648,182 | $7,626,014 |
Consortium For Advanced Studies Abroad Providence, RI | $1,494,580 | $2,843,422 |
Andover Newton Theological School Wayland, MA | $4,688,013 | $16,291 |
Beyond Conflict Inc Boston, MA | $3,388,180 | $2,249,772 |
Bridgeport International Academy Inc Bridgeport, CT | $1,007,406 | $1,103,219 |
Association Of Independent Colleges Of Art And Design Inc Providence, RI | $795,638 | $1,309,462 |
Clemente Course In The Humanities Inc Wellesley, MA | $283,630 | $314,523 |
Marion & Jasper Whiting Foundation Boston, MA | $4,347,923 | $415,513 |
Henry C Lee Institute Of Forensic Science Inc West Haven, CT | $3,850,709 | $241,401 |
Brown Broadcasting Service Inc Providence, RI | $7,059,306 | $183,572 |