Ringling College Of Art And Design Inc

Organization Overview

Ringling College Of Art And Design Inc is located in Sarasota, FL. The organization was established in 1938. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2022, Ringling College Of Art And Design Inc employed 1,122 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ringling College 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 05/2022, Ringling College Of Art And Design Inc generated $119.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $108.0m during the year ending 05/2022. While expenses have increased by 6.6% 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, Ringling College Of Art And Design Inc has awarded 28 individual grants totaling $383,261. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

RINGLING COLLEGE OF ART AND DESIGN IS A SMALL, PRIVATE COLLEGE OFFERING PROGRAMS LEADING TO DEGREES THAT PREPARE STUDENTS TO BE DISCERNING VISUAL THINKERS AND ETHICAL PRACTITIONERS IN THEIR CHOSEN AREA OF ART AND DESIGN. RINGLING'S CURRICULUM BALANCES THE TEACHING OF TECHNICAL KNOWLEDGE AND SKILLS WITH THE DEVELOPMENT OF CRITICAL, CONCEPTUAL, AND CREATIVE ABILITIES AND SUPPORTS COURSES THAT PROVIDE HISTORICAL, MULTICULTURAL, GLOBAL, AND FUTURE PERSPECTIVES. IN ADDITION TO ITS DEGREE PROGRAM, RINGLING COLLEGE OFFERS COURSES, LECTURES, EXHIBITIONS, AND OTHER ART-RELATED SERVICES TO THE LOCAL AND REGIONAL COMMUNITY THROUGH ITS GALLERY, LIBRARY, CONTINUING EDUCATION, AND COMMUNITY SERVICE PROGRAMS.

Describe the Organization's Program Activity:

TUITION AND FEES: RINGLING COLLEGE OF ART AND DESIGN PROVIDES INSTRUCTION IN VISUAL ARTS EDUCATION TO OVER 1,600 STUDENTS IN FULLY ACCREDITED FOUR-YEAR DEGREE PROGRAMS LEADING TO BFA AND BA DEGREES.


AUXILIARY: RINGLING COLLEGE OF ART AND DESIGN OPERATES VARIOUS AUXILIARY ENTERPRISES INCLUDING DINING SERVICES, HOUSING, AND BOOKSTORE SERVICES IN SUPPORT OF A RESIDENTIAL COMMUNITY WHICH SUPPORTS STUDENT DEVELOPMENT AND FOR THE CONVENIENCE OF ITS STUDENTS, FACULTY AND STAFF.


CONTINUING EDUCATION: RINGLING COLLEGE OF ART AND DESIGN PROVIDES VISUAL AND LIBERAL ARTS INSTRUCTION FOR THE COMMUNITY THROUGH VARIOUS PROGRAMS ON A NON-CREDIT BASIS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Custodial Maintenance Inc
Custodial Services
$1,750,396
Willis A Smith Construction
Construction Services
$13,695,043
Chartwells Dining Services
Dining Services
$2,123,176
Sarasota Memorial Health Care System
Health Services
$1,016,141
Constellation Culinary Group
Catering Services
$263,761
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$27,155
Fundraising events$505,990
Related organizations$0
Government grants $3,951,852
All other contributions, gifts, grants, and similar amounts not included above$13,209,659
Noncash contributions included in lines 1a–1f $590,055
Total Revenue from Contributions, Gifts, Grants & Similar$17,694,656
Total Program Service Revenue$101,016,203
Investment income $1,467,403
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$15,997
Net Gain/Loss on Asset Sales -$975,055
Net Income from Fundraising Events -$141,502
Net Income from Gaming Activities -$450
Net Income from Sales of Inventory $184,608
Miscellaneous Revenue$0
Total Revenue $119,229,866

Grants Awarded

Over the last fiscal year, Ringling College Of Art And Design Inc has awarded $15,300 in support to 2 organizations.

Grant RecipientAmount

AMERICAN JEWISH COMMITTEE (AJC)

Org PageRecipient Profile

New York, NY

PURPOSE: AWARD EVENT SUPPORT

$8,800

ECONOMIC DEVELOPMENT CORPORATION

Org PageRecipient Profile

Sarasota, FL

PURPOSE: GENERAL SUPPORT

$6,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Ringling College Of Art And Design Inc has recieved totaling $100,500.

Awarding OrganizationAmount
Kutya Major Foundation

Sarasota, FL

PURPOSE: PRECOLLEGE SCHOLARSHIP FUND

$60,000
Morganroth Morrison Foundation

Sarasota, FL

PURPOSE: TO FURTHER ITS EXEMPT PURPOSE

$20,000
Kutya Major Foundation

Sarasota, FL

PURPOSE: HIGH SCHOOL INTERNSHIPSAM HIGH SCHOOL INTERNSHIP

$15,500
Allyn Foundation Incorporated A Delaware Corp

Hinsdale, IL

PURPOSE: EDUCATIONAL SERVICES

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$66,932,346
Earnings-$2,019,418
Net Contributions$1,879,236
Other Expense$1,258,325
Grants$1,301,800
Ending Balance$64,232,039

Peer Organizations

Organization NameAssets
Everglades College Inc
Fort Lauderdale, FL
$647,335,916
Rollins College
Winter Park, FL
$217,797,924
Berry College Inc
Mount Berry, GA
$178,933,031
Florida Southern College
Lakeland, FL
$143,874,205
Southeastern University Inc
Lakeland, FL
$143,033,375
Eckerd College
St Petersburg, FL
$127,879,721
Palm Beach Atlantic University Inc
West Palm Beach, FL
$119,213,584
Spelman College
Atlanta, GA
$182,970,731
Ringling College Of Art And Design Inc
Sarasota, FL
$119,229,866
Morehouse College
Atlanta, GA
$206,029,432
Bethune-Cookman University
Daytona Beach, FL
$117,726,569
Birmingham-Southern College
Birmingham, AL
$42,694,906

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