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Nonprofiteer
← THE ART INSTITUTE OF AUSTIN AII LLC

Form 990 for tax year 2022

Filed by THE ART INSTITUTE OF AUSTIN AII LLC.

Totals

Total revenue
$4,060,566
Total expenses
$3,731,373
Contributions and grants received
$1,750,000
Grants paid
$226,166
Program service revenue
$2,160,994
Investment income
$2,685
Other revenue
$146,887
Total assets, end of year
$6,110,062
Total liabilities, end of year
$4,232,857
Net assets or fund balances, end of year
$1,877,205
Program services expenses (Part IX)
$1,597,245
Management and general expenses
$2,134,128
Fundraising expenses
$0
Program service expenses (Part III)
$1,597,245

Program services were 42.8% 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

    $1,750,000

  • 2a · Program service revenue: TUITION AND FEES

    total $2,160,994 · related or exempt $2,160,994

  • 3 · Investment income

    total $139 · excluded $139

  • 7a · Gross sales of assets other than inventory

    other assets $2,546

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $2,546

  • 7d · Net gain or loss

    total $2,546 · excluded $2,546

  • 8a · Fundraising events: gross income

    $50

  • 8b · Fundraising events: direct expenses

    $2

  • 8c · Net income from fundraising events

    total $48 · excluded $48

  • 11a · Other revenue: OTHER REVENUE

    total $146,839 · related or exempt $146,839

  • 11e · Other revenue, total

    $146,839

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $226,166 · program services $226,166

  • 5 · Compensation of officers, directors and key employees

    total $174,893 · program services $174,893

  • 7 · Other salaries and wages

    total $365,889 · program services $365,889

  • 9 · Other employee benefits

    total $33,241 · program services $33,241

  • 10 · Payroll taxes

    total $42,494 · program services $42,494

  • 11b · Fees: legal

    total $115 · program services $115

  • 11c · Fees: accounting

    total $281 · program services $281

  • 11g · Fees: other

    total $1,099,850 · program services $104,527 · management and general $995,323

  • 12 · Advertising and promotion

    total $420,879 · program services $420,879

  • 13 · Office expenses

    total $113,120 · program services $100,048 · management and general $13,072

  • 14 · Information technology

    total $89,301 · program services $89,301

  • 16 · Occupancy

    total $653,984 · management and general $653,984

  • 17 · Travel

    total $13,413 · program services $13,413

  • 22 · Depreciation, depletion and amortization

    total $188,530 · management and general $188,530

  • 23 · Insurance

    total $25,998 · program services $25,998

  • 24a · Other expenses: BAD DEBT

    total $283,219 · management and general $283,219

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $30,383 · end of year $1,004

  • 4 · Accounts receivable

    beginning of year $1,134,191 · end of year $927,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $84,834 · end of year $67,774

  • 10a · Land, buildings and equipment: cost or other basis

    $2,150,341

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,428,627

  • 10c · Land, buildings and equipment, net

    beginning of year $889,595 · end of year $721,714

  • 15 · Other assets

    beginning of year $0 · end of year $4,392,570

  • 17 · Accounts payable and accrued expenses

    beginning of year $93,421 · end of year $41,644

  • 19 · Deferred revenue

    beginning of year $79,916 · end of year $25,064

  • 25 · Other liabilities

    beginning of year $415,861 · end of year $4,166,149

  • 27 · Net assets without donor restrictions

    beginning of year $1,549,805 · end of year $1,877,205

Mission and programs · 2022

Mission

THE MISSION OF THE ART INSTITUTE OF HOUSTON AND ITS BRANCH CAMPUSES, THE ART INSTITUTE OF AUSTIN, AND THE ART INSTITUTE OF SAN ANTONIO, ARE TO PROVIDE A QUALITY, COLLABORATIVE ACADEMIC ENVIRONMENT FOR INDIVIDUALS SEEKING CREATIVE CAREERS THROUGH HIGHER EDUCATION. AS A PRIVATE, MULTICAMPUS COLLEGE, OUR BACHELOR DEGREES, ASSOCIATE DEGREES, AND DIPLOMA PROGRAMS ARE COMPETENCY BASED, INCORPORATING TRADITIONAL LIBERAL ARTS, PROFESSIONAL EDUCATION, AND MANAGEMENT LEVEL COMPETENCIES WITH HANDS-ON INSTRUCTION. FACULTY USE LEARNING-CENTERED METHODOLOGY TO PREPARE STUDENTS FOR ENTRY-LEVEL POSITIONS IN THE DESIGN, MEDIA, FASHION, AND CULINARY ARTS FIELDS AS WELL AS LIFELONG LEARNING.

  • THIS ENTITY IS AN INSTITUTION OF HIGHER EDUCATION THAT OFFERS ACADEMIC PROGRAMS AND CERTIFICATES IN THE FIELDS OF CULINARY ARTS, FASHION, AND DESIGN. ALL PROGRAMS ARE ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES (SACSCOC). THE INSTITUTION IS COMMITTED TO ACADEMIC QUALITY AND STUDENT SUCCESS. FACULTY UTILIZE STATE-OF-THE-ART TECHNOLOGY TO ENSURE GRADUATES RECEIVE INDUSTRY-RELEVANT SKILLS AND TRAINING. DURING THE PERIOD, THE AVERAGE MONTHLY ENROLLMENT WAS 82 STUDENTS WITH 14 STUDENTS GRADUATING.

    Expenses $1,597,245 · Grants $226,166 · Revenue $2,307,833

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gerald Francese

    FORMER CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.1 + 1.85 related

  • Claude H Brown

    PRESIDENT/TRUSTEE

    Total calculated
    $327,072
    From this org
    $0
    From related orgs
    $316,108
    Other
    $10,964
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $316,108 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $10,964 related
    Filer's total
    $0 + $327,072 related

  • Dr Alma Allen

    CHAIR/TRUSTEE

    Total calculated
    $1,800
    From this org
    $0
    From related orgs
    $1,800
    Other
    $0
    Hours/week
    1 + 2.1 related

  • Gregg Pollack

    TRUSTEE

    Total calculated
    $1,800
    From this org
    $0
    From related orgs
    $1,800
    Other
    $0
    Hours/week
    1 + 2.1 related

  • Caitlyn Ryan

    TRUSTEE

    Total calculated
    $1,200
    From this org
    $0
    From related orgs
    $1,200
    Other
    $0
    Hours/week
    1 + 2.1 related

  • Jerome Levy

    FORMER TRUSTEE

    Total calculated
    $1,800
    From this org
    $0
    From related orgs
    $1,800
    Other
    $0
    Hours/week
    1 + 5.3 related

  • Dr Cortlan Wickliff

    SECRETARY/TRUSTEE

    Total calculated
    $1,800
    From this org
    $0
    From related orgs
    $1,800
    Other
    $0
    Hours/week
    1 + 2.1 related

  • Dr Jean Norris

    TRUSTEE

    Total calculated
    $1,800
    From this org
    $0
    From related orgs
    $1,800
    Other
    $0
    Hours/week
    1 + 2.1 related

  • Denis Yevstifeyev

    CHIEF FINANCIAL OFFICER

    Total calculated
    $224,995
    From this org
    $0
    From related orgs
    $224,514
    Other
    $481
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,514 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $481 related
    Filer's total
    $0 + $224,995 related

  • Wendy Baker

    GENERAL COUNSEL

    Total calculated
    $216,943
    From this org
    $0
    From related orgs
    $209,948
    Other
    $6,995
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $209,948 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $6,995 related
    Filer's total
    $0 + $216,943 related

  • Harvey Giblin

    CAMPUS PRESIDENT

    Total calculated
    $174,893
    From this org
    $174,746
    From related orgs
    $0
    Other
    $147
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,746
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $147
    Filer's total
    $174,893

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Provenance

Return type
form_990
Tax year
2022
Filed
3 November 2023
IRS schema version
2022v5.0
Source object
202343079349300549

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