Art Center College Of Design
- Assets
- $332.0m
- Revenue
- $136.2m
- Investments
- $91.6m
- Employees
- 2,004
- Location
- Pasadena, CA
- Founding
- 02/1951
- Data as of
- 06/2020
- EIN
- 95-1921340
Organization Overview
Art Center College Of Design is located in Pasadena, CA. The organization was established in 1951. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Art Center College Of Design employed 2,004 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Art Center College Of Design 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, Art Center College Of Design generated $136.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $136.8m during the year ending 06/2020. While expenses have increased by 4.6% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
ART CENTER COLLEGE OF DESIGN OPERATES AN INDEPENDENT, FOUR-YEAR CURRICULUM TO EDUCATE ARTISTS AND DESIGNERS IN COMMUNICATION ARTS AND INDUSTRIAL DESIGN THAT EXTENDS ITS LEGACY OF PROFESSIONAL ART AND DESIGN PRACTICE AND ENABLES ITS GRADUATES TO REALIZE SUCCESS, FULFILLMENT, AND RECOGNITION IN THEIR CHOSEN FIELDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLLEGE OPERATES AN INDEPENDENT, FOUR-YEAR CURRICULUM TO EDUCATE ARTISTS AND DESIGNERS IN COMMUNICATION ARTS AND INDUSTRIAL DESIGN. THE COLLEGE OFFERS A BACHELOR OF FINE ARTS DEGREE IN SIX MAJORS (CREATIVE DIRECTION, FILM, FINE ART, GRAPHIC DESIGN, ILLUSTRATION, AND PHOTOGRAPHY AND IMAGING) AND A BACHELOR OF SCIENCE DEGREE IN FIVE MAJORS (SPATIAL EXPERIENCE DESIGN, INTERACTION DESIGN, PRODUCT DESIGN, TRANSPORTATION DESIGN, AND ENTERTAINMENT DESIGN). GRADUATE PROGRAMS LEAD TO THE MASTER OF FINE ARTS DEGREE IN: FILM; ART; MEDIA DESIGN PRACTICES; AND GRAPHIC DESIGN. THE GRADUATE PROGRAMS THAT OFFER THE MASTER OF SCIENCE DEGREE ARE: FURNITURE, LIGHTING & FIXTURES; SPATIAL EXPERIENCE DESIGN; INDUSTRIAL DESIGN; AND TRANSPORTATION SYSTEMS AND DESIGN. ALL EXPENDITURES RELATE TO ACADEMIC INSTRUCTION, PROGRAM SUPPORT AND OPERATION OF THE COLLEGE. THE FTE ENROLLMENT FOR JULY 2020 TO JUNE 2021 WAS APPROXIMATELY 2,023 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorne M Buchman President/ceo | OfficerTrustee | 40 | $684,229 |
Emily Laskin Svp, Development | Officer | 40 | $313,822 |
Richard Haluschak Svp, Chief Financial & Admin Officer | Officer | 40 | $312,017 |
Karen Hofmann Provost | Officer | 40 | $272,769 |
Tom Stern Svp, Admissions & Enrollment Mgmt | Officer | 40 | $243,693 |
Diane Wittenberg Controller Thru 6/2020 | 40 | $219,840 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Acco Engineered Systems Inc Facilities Repair & Maintenance Services | 6/29/21 | $1,166,246 |
Securitas Security Services Usa Inc Security Services | 6/29/21 | $2,931,103 |
Ppc Air Conditioning Inc Facilities Renovation Services | 6/29/21 | $3,460,419 |
Pbm Facility Services Janitorial Services | 6/29/21 | $1,046,986 |
Extensionengine Llc Online Learning Consulting | 6/29/21 | $936,184 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,331,342 |
| Investment income | $1,174,695 |
| Tax Exempt Bond Proceeds | $440,618 |
| Royalties | $0 |
| Net Rental Income | $255,918 |
| Net Gain/Loss on Asset Sales | $135,300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $136,246,273 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $28,379,351 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,497,644 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,906,047 |
| Pension plan accruals and contributions | $3,637,242 |
| Other employee benefits | $6,180,462 |
| Payroll taxes | $3,921,553 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $386,884 |
| Fees for services: Accounting | $114,742 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $113,675 |
| Fees for services: Investment Management | $317,114 |
| Fees for services: Other | $8,065,157 |
| Advertising and promotion | $261,400 |
| Office expenses | $10,676,417 |
| Information technology | $2,173,388 |
| Royalties | $0 |
| Occupancy | $4,579,151 |
| Travel | $1,172,827 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $96,670 |
| Interest | $2,843,270 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,392,204 |
| Insurance | $2,774,867 |
| All other expenses | $0 |
| Total functional expenses | $136,822,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,010,724 |
| Savings and temporary cash investments | $37,630,779 |
| Pledges and grants receivable | $4,805,276 |
| Accounts receivable, net | $5,030,045 |
| Loans from Officers, Directors, or Controlling Persons | $164,286 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $149,663 |
| Prepaid expenses and deferred charges | $1,329,385 |
| Investments—publicly traded securities | $49,219,638 |
| Investments—other securities | $91,619,360 |
| Investments—program-related | $152,847 |
| Intangible assets | $0 |
| Other assets | $3,987,510 |
| Total assets | $332,038,708 |
| Accounts payable and accrued expenses | $12,184,707 |
| Grants payable | $0 |
| Deferred revenue | $13,559,243 |
| Tax-exempt bond liabilities | $111,517,139 |
| 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 | $136,645 |
| Total liabilities | $137,397,734 |
| 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 | $194,640,974 |
Grants Recieved
Over the last fiscal year, we have identified 27 grants that Art Center College Of Design has recieved totaling $1,069,969.
| Awarding Organization | Amount |
|---|---|
Ralph M Parsons Foundation Los Angeles, CA PURPOSE: OVER TWO YEARS TO RENOVATE THE AHMANSON AUDITORIUM FOR EDUCATIONAL AND COMMUNITY PROGRAMMING | $250,000 |
Charles And Dana Nearburg Foundation Dallas, TX PURPOSE: TO SUPPORT THE ARTCENTER'S SOUTH CAMPUS LEARNING SPACE | $200,000 |
J Yang & Family Foundation Torrance, CA PURPOSE: PROVIDE SCHOLARSHIP SUPPORT TO STUDENT FROM TAIWAN | $200,000 |
Richard And Jean Coyne Family Foundation Belmont, CA PURPOSE: SCHOLARSHIPS-ART CENTER AT NIGHT AND HIGH SCHOOL SATURDAY HONOR | $50,000 |
Mann Family Foundation Inc Englewood, NJ PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATIONS EXEMPT PURPOSE | $50,000 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $50,000 |
Endowment Analysis
| Beg. Balance | $98,145,000 |
| Earnings | $33,233,000 |
| Admin Expense | $225,000 |
| Net Contributions | $16,221,000 |
| Other Expense | $2,527,000 |
| Grants | $11,156,600 |
| Ending Balance | $133,690,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Baptist University Riverside, CA | $602,706,322 | $400,113,733 |
Pomona College Claremont, CA | $3,932,260,494 | $235,119,844 |
Lewis And Clark College Portland, OR | $616,912,897 | $240,136,903 |
Claremont Mckenna College Claremont, CA | $1,751,055,641 | $321,560,955 |
Occidental College Los Angeles, CA | $902,945,083 | $157,427,095 |
Art Center College Of Design Pasadena, CA | $332,038,708 | $136,246,273 |
Reed Institute Portland, OR | $1,033,562,980 | $135,489,826 |
Linfield University Mcminnville, OR | $308,659,467 | $110,269,366 |
Westmont College Santa Barbara, CA | $328,569,320 | $121,110,665 |
Scripps College Claremont, CA | $617,457,507 | $98,616,217 |
California College Of The Arts San Francisco, CA | $203,468,162 | $107,701,190 |
Vanguard University Of So Ca Costa Mesa, CA | $81,753,319 | $83,351,301 |