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← CALIFORNIA INSTITUTE OF THE ARTS

Form 990 for tax year 2024

Filed by CALIFORNIA INSTITUTE OF THE ARTS.

Totals

Total revenue
$122,015,803
Total expenses
$122,332,559
Contributions and grants received
$10,472,635
Grants paid
$28,766,132
Program service revenue
$82,980,132
Investment income
$28,223,913
Other revenue
$339,123
Total assets, end of year
$388,266,960
Total liabilities, end of year
$71,490,580
Net assets or fund balances, end of year
$316,776,380
Program services expenses (Part IX)
$104,213,635
Management and general expenses
$16,038,132
Fundraising expenses
$2,080,792
Program service expenses (Part III)
$104,213,635

Program services were 85.2% 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.

  • 1e · Government grants (contributions)

    $617,528

  • 1f · All other contributions, gifts and grants

    $9,855,107

  • 1g · Noncash contributions included above

    $1,168,389

  • 2a · Program service revenue: TUITION AND FEES

    total $74,199,798 · related or exempt $74,199,798

  • 2b · Program service revenue: OTHER MISCELLANEOUS

    total $4,871,850 · related or exempt $4,871,850

  • 2c · Program service revenue: AUXILIARY ENTERPRISES

    total $3,908,484 · related or exempt $3,908,484

  • 3 · Investment income

    total $7,081,470 · unrelated business -$31,071 · excluded $7,112,541

  • 4 · Income from investment of tax-exempt bond proceeds

    total $652,785 · excluded $652,785

  • 6a · Gross rents

    real property $339,123

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $339,123

  • 6d · Net rental income or loss

    total $339,123 · excluded $339,123

  • 7a · Gross sales of assets other than inventory

    securities $109,853,196 · other assets $51,145

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

    securities $89,398,228 · other assets $16,455

  • 7c · Gain or loss

    securities $20,454,968 · other assets $34,690

  • 7d · Net gain or loss

    total $20,489,658 · excluded $20,489,658

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $28,766,132 · program services $28,766,132

  • 5 · Compensation of officers, directors and key employees

    total $2,508,138 · program services $596,288 · management and general $1,510,237 · fundraising $401,613

  • 7 · Other salaries and wages

    total $52,990,586 · program services $44,846,565 · management and general $7,046,063 · fundraising $1,097,958

  • 8 · Pension plan contributions

    total $2,213,459 · program services $1,873,276 · management and general $294,320 · fundraising $45,863

  • 9 · Other employee benefits

    total $5,048,066 · program services $3,904,965 · management and general $884,487 · fundraising $258,614

  • 10 · Payroll taxes

    total $3,864,119 · program services $2,737,507 · management and general $1,126,612

  • 11b · Fees: legal

    total $688,118 · program services $333,843 · management and general $353,532 · fundraising $743

  • 11c · Fees: accounting

    total $236,218 · management and general $236,218

  • 11f · Fees: investment management

    total $487,840 · management and general $487,840

  • 11g · Fees: other

    total $3,868,281 · program services $2,321,121 · management and general $1,508,165 · fundraising $38,995

  • 12 · Advertising and promotion

    total $184,964 · program services $181,430 · management and general $3,534

  • 13 · Office expenses

    total $220,856 · program services $195,682 · management and general $19,555 · fundraising $5,619

  • 14 · Information technology

    total $1,802,629 · program services $1,483,761 · management and general $210,044 · fundraising $108,824

  • 15 · Royalties

    total $8,597 · program services $8,222 · management and general $375

  • 16 · Occupancy

    total $2,361,123 · program services $2,361,123

  • 17 · Travel

    total $744,597 · program services $550,381 · management and general $177,207 · fundraising $17,009

  • 19 · Conferences, conventions and meetings

    total $219,716 · program services $201,769 · management and general $17,600 · fundraising $347

  • 20 · Interest

    total $1,930,969 · program services $1,926,218 · management and general $4,751

  • 22 · Depreciation, depletion and amortization

    total $4,467,885 · program services $4,078,906 · management and general $388,979

  • 23 · Insurance

    total $1,665,445 · program services $1,469,809 · management and general $195,636

  • 24a · Other expenses: RENTALS

    total $2,467,415 · program services $2,111,524 · management and general $272,801 · fundraising $83,090

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $1,189,516 · program services $1,120,376 · management and general $68,024 · fundraising $1,116

  • 24c · Other expenses: PERKINS LOAN SERVICE EX

    total $184,216 · program services $184,216

  • 24e · All other expenses

    total $4,213,674 · program services $2,960,521 · management and general $1,232,152 · fundraising $21,001

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,780,329 · end of year $3,682,236

  • 3 · Pledges and grants receivable

    beginning of year $9,300,010 · end of year $6,299,882

  • 4 · Accounts receivable

    beginning of year $16,379,676 · end of year $15,968,051

  • 8 · Inventories for sale or use

    beginning of year $399,100 · end of year $366,701

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,714,594 · end of year $2,115,631

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

    $164,379,327

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

    $52,890,328

  • 10c · Land, buildings and equipment, net

    beginning of year $107,001,545 · end of year $111,488,999

  • 11 · Investments: publicly traded securities

    beginning of year $146,798,780 · end of year $155,438,041

  • 12 · Investments: other securities

    beginning of year $95,143,325 · end of year $92,872,055

  • 15 · Other assets

    beginning of year $0 · end of year $35,364

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,197,002 · end of year $10,254,381

  • 19 · Deferred revenue

    beginning of year $1,011,507 · end of year $745,050

  • 20 · Tax-exempt bond liabilities

    beginning of year $38,674,678 · end of year $38,444,285

  • 23 · Secured mortgages and notes payable

    beginning of year $8,398,568 · end of year $8,134,068

  • 24 · Unsecured notes and loans payable

    beginning of year $7,000,000 · end of year $10,000,000

  • 25 · Other liabilities

    beginning of year $4,829,649 · end of year $3,912,796

  • 27 · Net assets without donor restrictions

    beginning of year $80,845,326 · end of year $72,548,307

  • 28 · Net assets with donor restrictions

    beginning of year $240,560,629 · end of year $244,228,073

Mission and programs · 2024

Mission

CALARTS IS A MULTIDISCIPLINARY COMMUNITY OF ARTISTS. OUR ONGOING EDUCATIONAL ENDEAVOR IS GROUNDED IN OPENNESS, EXPERIMENTATION, CRITICAL ENGAGEMENT, AND CREATIVE FREEDOM. THROUGH ARTISTIC PRACTICE, WE TRANSFORM OURSELVES, EACH OTHER, AND THE WORLD.

Activities or mission (Part I)

CALARTS OFFERS VARIOUS DEGREES IN ART, CRITICAL STUDIES, DANCE, FILM/VIDEO, MUSIC AND THEATER. SEE PART III LINE 1 FOR FURTHER DETAIL.

  • INSTRUCTION: INSTITUTE OFFERS BFAS, MFAS, MA AND DMAS IN BOTH THE VISUAL AND PERFORMING ARTS AND IS DEDICATED TO TRAINING AND NURTURING THE NEXT GENERATION OF ARTISTS. EMPHASIS IS PLACED ON NEW AND EXPERIMENTAL WORK AND STUDENTS ARE ADMITTED SOLELY ON THE BASIS OF ARTISTIC ABILITY. TO ENCOURAGE INNOVATION AND MULTI-DISCIPLINARY COLLABORATION, CALARTS SIX SCHOOLS - ART, CRITICAL STUDIES, DANCE, FILM/VIDEO, MUSIC AND THEATER - ARE ALL HOUSED UNDER ONE ROOF. DURING THE 2024/25 ACADEMIC YEAR, THERE WERE 1,323 FTE STUDENTS

    Expenses $76,044,238 · Grants $28,766,132 · Revenue $79,201,812

  • ACADEMIC SUPPORT: EXPENDITURES PRIMARILY INCLUDE THOSE TO PROVIDE SUPPORT FOR INSTRUCTION - PROVOST OFFICE, LIBRARY, REDCAT ETC.

    Expenses $15,530,340 · Revenue $733,458

  • STUDENT SERVICES: PRIMARY PURPOSE OF EXPENDITURE IS TO CONTRIBUTE TO THE STUDENTS' EMOTIONAL AND PHYSICAL WELLBEING AND TO THEIR SOCIAL DEVELOPMENT OUTSIDE OF THE FORMAL INSTRUCTIONAL PROGRAM, INCLUDES ADMISSIONS, REGISTRAR AND FINANCIAL AID.

    Expenses $7,373,615

  • Expenses $5,265,442 · Revenue $3,044,862

As filed on the 2024 return.

Listed in Part VII

  • RAVI RAJAN

    PRESIDENT

    Total calculated
    $576,732
    From this org
    $527,441
    From related orgs
    $0
    Other
    $49,291
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $527,265
    Bonus
    $0
    Other
    $176
    Deferred
    $30,830
    Nontaxable benefits
    $18,461
    Filer's total
    $576,732

  • KATIE NICELY

    SVP ADVANCEMENT

    Total calculated
    $386,432
    From this org
    $361,904
    From related orgs
    $0
    Other
    $24,528
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $305,324
    Bonus
    $50,000
    Other
    $6,580
    Deferred
    $18,671
    Nontaxable benefits
    $5,857
    Filer's total
    $386,432

  • LORI HUSEIN

    SVP/CFO/TREASURER

    Total calculated
    $382,762
    From this org
    $346,945
    From related orgs
    $0
    Other
    $35,817
    Hours/week
    50 + 10 related

    Schedule J breakdown matched by us

    Base
    $345,890
    Bonus
    $0
    Other
    $1,055
    Deferred
    $22,889
    Nontaxable benefits
    $12,928
    Filer's total
    $382,762

  • TRACIE COSTANTINO

    SVP, PROVOST

    Total calculated
    $329,786
    From this org
    $289,975
    From related orgs
    $0
    Other
    $39,811
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $289,620
    Bonus
    $0
    Other
    $355
    Deferred
    $19,248
    Nontaxable benefits
    $20,563
    Filer's total
    $329,786

  • TRAVIS PRESTON DEAN

    SCHOOL OF THEATER (THRU 6/30/24)

    Total calculated
    $271,854
    From this org
    $258,306
    From related orgs
    $0
    Other
    $13,548
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $108,874
    Bonus
    $0
    Other
    $149,432
    Deferred
    $7,285
    Nontaxable benefits
    $6,263
    Filer's total
    $271,854

  • IRENE SCHOLL-TATEVOSYAN

    GENERAL COUNSEL

    Total calculated
    $255,959
    From this org
    $222,764
    From related orgs
    $0
    Other
    $33,195
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $222,677
    Bonus
    $0
    Other
    $87
    Deferred
    $15,242
    Nontaxable benefits
    $17,953
    Filer's total
    $255,959

  • MICHAEL ELGARICO

    CHIEF ENROLLMENT OFFICER

    Total calculated
    $250,805
    From this org
    $235,470
    From related orgs
    $0
    Other
    $15,335
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $235,345
    Bonus
    $0
    Other
    $125
    Deferred
    $15,305
    Nontaxable benefits
    $30
    Filer's total
    $250,805

  • ANN WIENS CHIEF MARKETING

    AND COMMUNICATIONS OFFICER

    Total calculated
    $247,369
    From this org
    $215,026
    From related orgs
    $0
    Other
    $32,343
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $214,478
    Bonus
    $0
    Other
    $548
    Deferred
    $13,882
    Nontaxable benefits
    $18,461
    Filer's total
    $247,369

  • ALLAN CHEN

    VP AND CHIEF TECHNOLOGY OFFICER

    Total calculated
    $242,658
    From this org
    $209,435
    From related orgs
    $0
    Other
    $33,223
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $209,310
    Bonus
    $0
    Other
    $125
    Deferred
    $14,557
    Nontaxable benefits
    $18,666
    Filer's total
    $242,658

  • ANTHONY GARRISON-ENGBRECHT

    VP, STUDENT AFFAIRS

    Total calculated
    $234,065
    From this org
    $219,680
    From related orgs
    $0
    Other
    $14,385
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $219,605
    Bonus
    $0
    Other
    $75
    Deferred
    $969
    Nontaxable benefits
    $13,416
    Filer's total
    $234,065

  • TAMU YIN

    ASSISTANT TREASURER

    Total calculated
    $198,327
    From this org
    $179,531
    From related orgs
    $0
    Other
    $18,796
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $179,464
    Bonus
    $0
    Other
    $67
    Deferred
    $11,826
    Nontaxable benefits
    $6,970
    Filer's total
    $198,327

  • KIARA BROWN

    CHIEF OF STAFF / SECRETARY

    Total calculated
    $196,713
    From this org
    $180,697
    From related orgs
    $0
    Other
    $16,016
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $180,630
    Bonus
    $0
    Other
    $67
    Deferred
    $9,046
    Nontaxable benefits
    $6,970
    Filer's total
    $196,713

  • EDWARD ANDREAS NASSER

    ASSISTANT SECRETARY

    Total calculated
    $141,062
    From this org
    $129,741
    From related orgs
    $0
    Other
    $11,321
    Hours/week
    50 + 7.5 related

  • CHARMAINE JEFFERSON

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • JAMES B LOVELACE

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CLARISSA CRAWFORD

    ALUMNI TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MAIJA BURNETT

    FACULTY TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINA DAILEY

    STAFF TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ASHLEY HUNT

    FACULTY TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • AMARIS JORDAN

    STUDENT TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANUSHKA SHAH

    STUDENT TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOAN ABRAHAMSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LYNDON BARROIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID A BOSSERT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DON CHEADLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MELISSA COBB

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CAROLINE CRONSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RODRIGO GARCIA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICK HASKINS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID G JOHNSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • THOMAS LLOYD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RAMSEY NAITO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TINA PERRY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KEITH RIVERS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • THOMAS ROTHMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID L SCHIFF

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL SKLOFF

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CLARK SPENCER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SUSAN STEINHAUSER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • THERESA STREMPEK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RIC WHITNEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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 1A
HOUSING IS PROVIDED FOR THE PRESIDENT AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE EMPLOYER.
PART I, LINE 1B
THE ORGANIZATION HAS A GUIDE FOR THE OPERATIONS AND MANAGEMENT OF THE CATTERN HOUSE. THIS HOME IS OWNED BY THE SCHOOL, AND THE PRESIDENT IS REQUIRED TO LIVE IN THIS RESIDENCE TO FACILITATE THE ADMINISTRATIVE, CEREMONIAL, AND SOCIAL RESPONSIBILITIES REQUIRED OF THE POSITION.
PART I, LINE 4A
A PERSON REPORTED ON PART VII RECEIVED A SEVERANCE PAYMENT UNDER A CONFIDENTIAL AGREEMENT.
PART I, LINE 7
A DISCRETIONARY BONUS WAS AWARDED.

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
2024
Filed
6 May 2026
IRS schema version
2024v5.5
Source object
202611279349302586

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