Totals
- Total revenue
- $22,044,875
- Total expenses
- $31,109,796
- Contributions and grants received
- $2,051,271
- Grants paid
- $6,339,474
- Program service revenue
- $18,774,933
- Investment income
- $749,047
- Other revenue
- $469,624
- Total assets, end of year
- $77,670,840
- Total liabilities, end of year
- $31,145,974
- Net assets or fund balances, end of year
- $46,524,866
- Program services expenses (Part IX)
- $24,481,153
- Management and general expenses
- $6,132,859
- Fundraising expenses
- $495,784
- Program service expenses (Part III)
- $24,481,153
Program services were 78.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$183,450
-
1e · Government grants (contributions)
$515,373
-
1f · All other contributions, gifts and grants
$1,352,448
-
1g · Noncash contributions included above
$767,659
-
2a · Program service revenue: TUITION AND FEES
total $18,724,685 · related or exempt $18,724,685
-
2b · Program service revenue: PARKING REVENUE
total $85,621 · related or exempt $85,621
-
2c · Program service revenue: PERFORMANCE REVENUES
total $29,199 · related or exempt $29,199
-
2d · Program service revenue: STUDENT HOUSING
total -$64,572 · related or exempt -$64,572
-
3 · Investment income
total $428,932 · excluded $428,932
-
6a · Gross rents
real property $591,403
-
6b · Less rental expenses
real property $365,451
-
6c · Rental income or loss
real property $225,952
-
6d · Net rental income or loss
total $225,952 · excluded $225,952
-
7a · Gross sales of assets other than inventory
securities $2,745,867
-
7b · Less cost or other basis and sales expenses
securities $2,425,752
-
7c · Gain or loss
securities $320,115
-
7d · Net gain or loss
total $320,115 · excluded $320,115
-
11a · Other revenue: OTHER REVENUE
total $240,953 · excluded $240,953
-
11b · Other revenue: COMMISSION REVENUE
total $2,719 · excluded $2,719
-
11e · Other revenue, total
$243,672
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $6,120,757 · program services $6,120,757
-
3 · Grants to foreign organizations and individuals
total $218,717 · program services $218,717
-
5 · Compensation of officers, directors and key employees
total $652,153 · program services $206,733 · management and general $389,791 · fundraising $55,629
-
7 · Other salaries and wages
total $9,667,708 · program services $7,927,863 · management and general $1,472,803 · fundraising $267,042
-
8 · Pension plan contributions
total $281,486 · program services $233,321 · management and general $40,676 · fundraising $7,489
-
9 · Other employee benefits
total $965,235 · program services $827,009 · management and general $117,352 · fundraising $20,874
-
10 · Payroll taxes
total $955,813 · program services $755,569 · management and general $170,605 · fundraising $29,639
-
11a · Fees: management
total $314,522 · program services $151,803 · management and general $157,668 · fundraising $5,051
-
11b · Fees: legal
total $156,311 · program services $75,443 · management and general $78,358 · fundraising $2,510
-
11c · Fees: accounting
total $32,918 · program services $15,888 · management and general $16,501 · fundraising $529
-
11f · Fees: investment management
total $36,110 · management and general $36,110
-
11g · Fees: other
total $3,415,696 · program services $1,648,573 · management and general $1,712,265 · fundraising $54,858
-
12 · Advertising and promotion
total $243,493 · program services $119,653 · management and general $120,105 · fundraising $3,735
-
13 · Office expenses
total $627,577 · program services $354,483 · management and general $265,201 · fundraising $7,893
-
14 · Information technology
total $587,757 · program services $444,311 · management and general $138,962 · fundraising $4,484
-
15 · Royalties
total $30,496 · program services $23,053 · management and general $7,210 · fundraising $233
-
16 · Occupancy
total $815,881 · program services $530,835 · management and general $276,136 · fundraising $8,910
-
17 · Travel
total $303,571 · program services $146,505 · management and general $152,189 · fundraising $4,877
-
19 · Conferences, conventions and meetings
total $16,874 · program services $8,144 · management and general $8,459 · fundraising $271
-
20 · Interest
total $939,926 · program services $864,732 · management and general $75,194
-
22 · Depreciation, depletion and amortization
total $2,037,132 · program services $1,874,161 · management and general $162,971
-
23 · Insurance
total $313,868 · program services $237,266 · management and general $74,207 · fundraising $2,395
-
24a · Other expenses: CAPSTONE DEFICIT
total $531,261 · program services $401,603 · management and general $125,605 · fundraising $4,053
-
24b · Other expenses: BAD DEBT
total $460,133 · program services $460,133 · management and general $0 · fundraising $0
-
24c · Other expenses: JANITORIAL SUPPLIES
total $381,725 · program services $205,248 · management and general $171,626 · fundraising $4,851
-
24d · Other expenses: HOUSING & MEALS
total $307,679 · program services $148,500 · management and general $154,237 · fundraising $4,942
-
24e · All other expenses
total $694,997 · program services $480,850 · management and general $208,628 · fundraising $5,519
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $763,248 · end of year $1,787,400
-
2 · Savings and temporary cash investments
beginning of year $1,663,896 · end of year $4,154
-
3 · Pledges and grants receivable
beginning of year $1,713,450 · end of year $1,315,465
-
4 · Accounts receivable
beginning of year $6,822,025 · end of year $1,917,090
-
7 · Other notes and loans receivable
beginning of year $314,950 · end of year $158,185
-
9 · Prepaid expenses and deferred charges
beginning of year $155,786 · end of year $393,800
-
10a · Land, buildings and equipment: cost or other basis
$81,352,575
-
10b · Land, buildings and equipment: accumulated depreciation
$28,536,617
-
10c · Land, buildings and equipment, net
beginning of year $54,068,582 · end of year $52,815,958
-
11 · Investments: publicly traded securities
beginning of year $6,848,863 · end of year $7,791,893
-
15 · Other assets
beginning of year $11,783,072 · end of year $11,486,895
-
17 · Accounts payable and accrued expenses
beginning of year $1,326,232 · end of year $1,587,584
-
19 · Deferred revenue
beginning of year $304,307 · end of year $247,018
-
20 · Tax-exempt bond liabilities
beginning of year $12,323,000 · end of year $8,323,000
-
24 · Unsecured notes and loans payable
beginning of year $1,227,356 · end of year $7,593,523
-
25 · Other liabilities
beginning of year $14,023,949 · end of year $13,394,849
-
27 · Net assets without donor restrictions
beginning of year $45,185,372 · end of year $35,619,868
-
28 · Net assets with donor restrictions
beginning of year $9,743,656 · end of year $10,904,998
Mission and programs · 2023
Mission
THE MISSION OF CORNISH COLLEGE OF THE ARTS IS TO PROVIDE STUDENTS ASPIRING TO BECOME PRACTICING ARTISTS WITH ANEDUCATIONAL PROGRAM OF THE HIGHEST POSSIBLE QUALITY, IN AN ENVIRONMENT, THAT NURTURES CREATIVITY AND INTELLECTUALCURIOSITY, WHILE PREPARING THEM TO CONTRIBUTE TO SOCIETY AS ARTISTS, CITIZENS, AND INNOVATORS.
Activities or mission (Part I)
AN ACCREDITED FOUR YEAR COLLEGE OFFERING BACCALAUREATE DEGREES IN THE PERFORMING AND VISUAL ARTS.
-
AN ACCREDITED FOUR-YEAR COLLEGE OFFERING BACCALAUREATE DEGREES IN THE PERFORMING AND VISUAL ARTS. 480 STUDENTS ATTENDED CORNISH COLLEGE IN THE 2023 FALL SEMESTER AND 435 STUDENTS ATTENDED IN THE 2024 SPRING SEMESTER. IN FY 2023/2024, 82 STUDENTS GRADUATED. IN ADDITION, THE EXTENSIONS PROGRAMS KNOWN AS CORNISH+, OFFERED NEW STUDIO-BASED CLASSES, YOUTH PROGRAMS AND STUDENT PERFORMANCES TO 472 PARTICIPANTS.
Expenses $24,481,153 · Grants $6,339,474 · Revenue $18,774,933
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Emily ParkhurstEMILY PARKHURST
CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Michael FortinMICHAEL FORTIN
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Joseph RosaJOSEPH ROSA
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
Carie AntonelliCARIE ANTONELLI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Michael BartleyMICHAEL BARTLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Gary FluhrerGARY FLUHRER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Marianne FrancisMARIANNE FRANCIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Linda KoaLINDA KOA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Jeff LehmanJEFF LEHMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Marge LevyMARGE LEVY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Ginny McCormickGINNY MCCORMICK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Karl MoehringKARL MOEHRING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Sherry RaisbeckSHERRY RAISBECK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 4
-
Lori NotoLORI NOTO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Lisa ScribanteLISA SCRIBANTE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Michele SmithMICHELE SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Raymond Tymas-JonesRAYMOND TYMAS-JONES
PRESIDENT
- Total calculated
- $426,706
- From this org
- $398,516
- From related orgs
- $0
- Other
- $28,190
- Hours/week
- 40 + 0.5 related
Schedule J breakdown matched by us
- Base
- $308,660
- Bonus
- $32,000
- Other
- $57,856
- Deferred
- $13,200
- Nontaxable benefits
- $14,990
- Filer's total
- $426,706
-
Jessica ThurlowJESSICA THURLOW
VP ACADEMIC AFFAIRS, PROVOST
- Total calculated
- $129,879
- From this org
- $116,989
- From related orgs
- $0
- Other
- $12,890
- Hours/week
- 40
-
Deborah TreenDEBORAH TREEN
VP FINANCE & BUDGET, CFO
- Total calculated
- $225,628
- From this org
- $202,013
- From related orgs
- $0
- Other
- $23,615
- Hours/week
- 40 + 0.5 related
Schedule J breakdown matched by us
- Base
- $169,830
- Bonus
- $0
- Other
- $32,183
- Deferred
- $8,357
- Nontaxable benefits
- $15,258
- Filer's total
- $225,628
-
James FalzoneJAMES FALZONE
ACADEMIC DEAN
- Total calculated
- $151,769
- From this org
- $126,284
- From related orgs
- $0
- Other
- $25,485
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $126,060
- Bonus
- $0
- Other
- $224
- Deferred
- $5,621
- Nontaxable benefits
- $19,864
- Filer's total
- $151,769
-
Brittany HendersonBRITTANY HENDERSON
DEAN OF STUDENT AFFAIRS
- Total calculated
- $122,807
- From this org
- $111,640
- From related orgs
- $0
- Other
- $11,167
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 7
- THE ORGANIZATION PAID OUT BONUSES IN 2023 AS FOLLOWS FOR PERSONS LISTED ON THE FORM 990, PART VII, SECTION A: RAYMOND TYMAS-JONES............$ 32,000
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · ENDOWED SCHOLARSHIPS · WA · controlled entity
Directly controlled by CORNISH COLLEGE OF THE ARTS
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531049349302223
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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