Form 990 for tax year 2023

Filed by CULINARY INSTITUTE OF AMERICA.

Totals

Total revenue: $213,847,676
Total expenses: $198,702,515
Contributions and grants received: $15,476,936
Grants paid: $40,832,867
Program service revenue: $197,721,660
Investment income: $435,382
Other revenue: $213,698
Total assets, end of year: $554,154,060
Total liabilities, end of year: $167,389,850
Net assets or fund balances, end of year: $386,764,210
Program services expenses (Part IX): $164,750,740
Management and general expenses: $31,528,133
Fundraising expenses: $2,423,642
Program service expenses (Part III): $164,750,740

Program services were 82.9% 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.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$1,854,123
1d · Related organizations

$0
1e · Government grants (contributions)

$680,575
1f · All other contributions, gifts and grants

$12,942,238
1g · Noncash contributions included above

$4,446,892
2a · Program service revenue: TUITION, DORM & STUDENT FEES

total $182,799,251 · related or exempt $182,799,251 · unrelated business $0 · excluded $0
2b · Program service revenue: EDUCATIONAL SERVICES

total $9,419,089 · related or exempt $7,823,927 · unrelated business $1,595,162 · excluded $0
2c · Program service revenue: SPECIAL EVENTS

total $3,681,394 · related or exempt $1,583,850 · unrelated business $2,097,544 · excluded $0
2d · Program service revenue: STUDENT MEALS INCOME

total $1,276,079 · related or exempt $1,276,079 · unrelated business $0 · excluded $0
2e · Program service revenue: BOOKSTORE INCOME

total $545,847 · related or exempt $212,117 · unrelated business $333,730 · excluded $0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $435,382 · related or exempt $0 · unrelated business $32,849 · excluded $402,533
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $571,905 · related or exempt $571,230 · unrelated business $675 · excluded $0
6a · Gross rents

real property $278,799 · personal property $0
6b · Less rental expenses

real property $22,511 · personal property $0
6c · Rental income or loss

real property $256,288 · personal property $0
6d · Net rental income or loss

total $256,288 · related or exempt $73,728 · unrelated business $182,560 · excluded $0
7c · Gain or loss

securities $0 · other assets $0
8a · Fundraising events: gross income

$292,915
8a · Fundraising events: contributions included on line 1c

$1,854,123
8b · Fundraising events: direct expenses

$1,407,377
8c · Net income from fundraising events

total -$1,114,462 · unrelated business $0 · excluded -$1,114,462
11a · Other revenue: ALUMNI & STUDENT FEES

total $177,466 · related or exempt $0 · unrelated business $0 · excluded $177,466
11b · Other revenue: REBATES & MISC INCOME

total $315,425 · related or exempt $0 · unrelated business $0 · excluded $315,425
11d · All other revenue

total $7,076 · related or exempt $0 · unrelated business $0 · excluded $7,076
11e · Other revenue, total

$499,967

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0 · program services $0
2 · Grants to domestic individuals

total $39,618,972 · program services $39,618,972
3 · Grants to foreign organizations and individuals

total $1,213,895 · program services $1,213,895
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $4,923,266 · program services $1,312,924 · management and general $3,256,287 · fundraising $354,055
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $52,629,626 · program services $42,267,320 · management and general $9,310,888 · fundraising $1,051,418
8 · Pension plan contributions

total $3,351,601 · program services $2,657,045 · management and general $593,787 · fundraising $100,769
9 · Other employee benefits

total $11,643,165 · program services $8,993,440 · management and general $2,333,603 · fundraising $316,122
10 · Payroll taxes

total $3,785,856 · program services $2,900,319 · management and general $775,778 · fundraising $109,759
11a · Fees: management

total $0 · program services $0 · management and general $0 · fundraising $0
11b · Fees: legal

total $240,973 · program services $21,923 · management and general $219,050 · fundraising $0
11c · Fees: accounting

total $190,876 · program services $0 · management and general $190,876 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $2,929 · program services $0 · management and general $2,929 · fundraising $0
11g · Fees: other

total $25,943,700 · program services $23,158,443 · management and general $2,608,491 · fundraising $176,766
12 · Advertising and promotion

total $2,764,996 · program services $655,999 · management and general $2,108,997 · fundraising $0
13 · Office expenses

total $2,658,232 · program services $2,464,437 · management and general $182,203 · fundraising $11,592
14 · Information technology

total $2,299,145 · program services $169,477 · management and general $2,129,668 · fundraising $0
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $5,435,306 · program services $4,774,302 · management and general $659,437 · fundraising $1,567
17 · Travel

total $1,282,283 · program services $841,180 · management and general $376,830 · fundraising $64,273
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $67,439 · program services $41,180 · management and general $23,139 · fundraising $3,120
20 · Interest

total $4,767,946 · program services $4,136,314 · management and general $630,048 · fundraising $1,584
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $10,112,852 · program services $8,297,868 · management and general $1,720,241 · fundraising $94,743
23 · Insurance

total $4,354,602 · program services $3,284,587 · management and general $1,070,015 · fundraising $0
24a · Other expenses: FOOD & BEVERAGE COSTS

total $11,904,347 · program services $11,525,993 · management and general $331,531 · fundraising $46,823
24b · Other expenses: STUDENT SUPPLIES

total $2,026,702 · program services $2,025,362 · management and general $896 · fundraising $444
24c · Other expenses: EQUIPMENT

total $1,217,057 · program services $1,040,061 · management and general $174,815 · fundraising $2,181
24d · Other expenses: NON FOOD COSTS OF GOODS SOLD

total $1,142,212 · program services $1,038,499 · management and general $61,347 · fundraising $42,366
24e · All other expenses

total $5,124,537 · program services $2,311,200 · management and general $2,767,277 · fundraising $46,060

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $29,242,482 · end of year $22,568,781
2 · Savings and temporary cash investments

beginning of year $24,160,472 · end of year $31,502,652
3 · Pledges and grants receivable

beginning of year $29,870,256 · end of year $30,713,671
4 · Accounts receivable

beginning of year $2,832,883 · end of year $4,232,192
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $177,731 · end of year $62,591
8 · Inventories for sale or use

beginning of year $2,379,271 · end of year $2,256,271
9 · Prepaid expenses and deferred charges

beginning of year $3,090,475 · end of year $3,057,834
10a · Land, buildings and equipment: cost or other basis

$479,968,701
10b · Land, buildings and equipment: accumulated depreciation

$226,730,419
10c · Land, buildings and equipment, net

beginning of year $250,723,028 · end of year $253,238,282
11 · Investments: publicly traded securities

beginning of year $2,585,250 · end of year $2,354,936
12 · Investments: other securities

beginning of year $157,315,908 · end of year $175,542,181
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $17,243,544 · end of year $28,624,669
17 · Accounts payable and accrued expenses

beginning of year $9,241,454 · end of year $8,907,133
18 · Grants payable

beginning of year $935,078 · end of year $676,698
19 · Deferred revenue

beginning of year $22,982,486 · end of year $26,861,351
20 · Tax-exempt bond liabilities

beginning of year $114,938,041 · end of year $109,154,318
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $24,210,629 · end of year $21,790,350
27 · Net assets without donor restrictions

beginning of year $240,965,733 · end of year $273,106,801
28 · Net assets with donor restrictions

beginning of year $106,347,879 · end of year $113,657,409

Mission and programs · 2023

Mission

THE CULINARY INSTITUTE OF AMERICA IS A PRIVATE, NOT-FOR-PROFIT COLLEGE DEDICATED TO BETTERING THE NATION AND THE WORLD, BY MEANS OF OUTSTANDING EDUCATION, PRACTICE, AND SCHOLARSHIP ON ALL ASPECTS OF FOOD AND THE ENTERPRISES RELATED TO IT. THROUGH TRANSFORMATIVE LEARNING EXPERIENCE, THE CIA PREPARES FOOD LEADERS, INNOVATORS AND EXPERTS FOR PERSONAL AND PROFESSIONAL SUCCESS.

THE CULINARY INSTITUTE OF AMERICA (CIA) IS WIDELY RECOGNIZED AS THE WORLD'S PREMIER CULINARY COLLEGE DEDICATED TO DRIVING LEADERSHIP DEVELOPMENT FOR THE FOOD SERVICE AND HOSPITALITY INDUSTRY. THE CIA WAS FOUNDED IN 1946 AND HAS ENJOYED A DISTINCTIVE AND SUCCESSFUL HISTORY CHARACTERIZED BY RAPID EXPANSION IN ITS OVER 75 YEARS OF SERVICE. TODAY MORE THAN 3200 STUDENTS REPRESENTING EVERY STATE AND MORE THAN 40 COUNTRIES ARE ENROLLED IN DEGREE PROGRAMS. THE CIA OFFERS ASSOCIATE DEGREES IN CULINARY ARTS AND BAKING AND PASTRY ARTS; AND BACHELOR DEGREE MAJORS IN FOOD BUSINESS MANAGEMENT, HOSPITALITY MANAGEMENT, CULINARY SCIENCE, APPLIED FOOD STUDIES, AND A BACHELOR'S OF PROFESSIONAL STUDIES OFFERED THROUGH THE DEGREE COMPLETION PROGRAM IN EITHER CULINARY ARTS OR BAKING AND PASTRY ARTS.THE CURRICULA FOR BOTH THE ASSOCIATE AND BACHELOR'S DEGREE INCLUDE A REQUIRED INTERNSHIP THAT PROVIDES REAL-WORLD EXPERIENCE AT TOP RESTAURANTS, HOTELS, RESORTS AND OTHER FOOD SERVICE COMPANIES. STUDENTS MAY ALSO OPT TO PARTICIPATE IN AN OVERSEAS TRAVEL EXPERIENCE IN JAPAN, SINGAPORE AND SPAIN. STUDENTS MAY ALSO TAKE PART IN AN IMMERSIVE LEARNING EXPERIENCE WITH A SEMESTER LONG DEEP DIVE INTO SPECIFIC CONCENTRATIONS IN ADVANCED WINE, BEVERAGE AND HOSPITALITY, FARM-TO-TABLE, PRACTICE OF A SUSTAINABLE TABLE, ADVANCED CONCEPTS IN BAKING AND PASTRY, ASIAN CUISINE, BEVERAGE PRODUCTION AND SERVICE, CUISINES AND CULTURES OF AFRICA AND ITS DIASPORA IN THE AMERICA'S, INTRAPRENEURSHIP, JAPANESE CUISINES, LATIN AMERICAN CUISINE STUDIES AND MEDITERRANEAN CUISINES. THE CIA OFFERS AN ON-LINE MASTER'S DEGREE IN FOOD BUSINESS, SUSTAINABLE FOOD SYSTEMS, AND WINE AND BEVERAGE MANAGEMENT, AS WELL AS, GRADUATE CERTIFICATES IN CULINARY ARTS, CONFERENCES AND CONSULTING SERVICES HAVE MADE THE CIA THE "THINK TANK" OF THE FOOD SERVICE INDUSTRY IN AREAS OF HEALTH AND WELLNESS, SUSTAINABILITY AND FOOD ETHICS, WORLD CUISINE AND CULTURES AND PROFESSIONAL EXCELLENCE AND INNOVATION. THE CIA CONSULTING GROUP TAILORS' PROGRAMS FOR THE FOOD SERVICE INDUSTRY AND THE MILITARY IN RESEARCH AND DEVELOPMENT, FLAVOR EXPLORATION, PRODUCT TESTING, TRAINING AS WELL AS PROCHEF (R) CERTIFICATION. THE CIA LEADERSHIP PROGRAMS, SPEARHEADED BY THE CIA STRATEGIC INITIATIVES GROUP, HELP FOOD SERVICE PROFESSIONALS LEARN MORE ABOUT THE NEXT WAVE OF CHANGE. CONFERENCES AND LEADERSHIP RETREATS FOCUS ON TOPICS AND TRENDS CRUCIAL TO THE FOOD SERVICE INDUSTRY INCLUDING FLAVOR DEVELOPMENT, HEALTH AND WELLNESS, NUTRITION SCIENCE, VOLUME FOOD SERVICE MENU R&D AND COLLABORATION BETWEEN PRODUCTION AGRICULTURE AND VOLUME FOOD SERVICE. THE CIA ALSO OFFERS PROGRAM COURSES FOR PROFESSIONAL AND FOOD ENTHUSIASTS TAUGHT BY EXPERT INSTRUCTORS THESE CLASSES ARE DESIGNED TO HELP FOOD ENTHUSIAST GROW THEIR KNOWLEDGE AND GAIN CONFIDENCE BY OFFERING INTENSIVE BOOT CAMPS, HANDS-ON COOKING CLASSES, WINE AND BEVERAGE CLASSES, AND CHEF DEMONSTRATIONS. THE CIA HAS CAMPUSES IN HYDE PARK, NEW YORK, ST. HELENA AND NAPA, CALIFORNIA, SAN ANTONIO, TEXAS AND SINGAPORE.

Expenses $164,750,740 · Grants $40,832,867 · Revenue $194,340,182

As filed on the 2023 return.

Listed in Part VII

Lawrence T RyanLAWRENCE T RYAN

PRESIDENT

Total calculated

$1,315,189

From this org

$1,107,710

From related orgs

$0

Other

$207,479

Hours/week

40

Schedule J breakdown matched by us

Base

$621,211

Bonus

$57,941

Other

$428,559

Deferred

$99,114

Nontaxable benefits

$108,365

Filer's total

$1,315,190
Mark EricksonMARK ERICKSON

PROVOST

Total calculated

$727,015

From this org

$610,444

From related orgs

$0

Other

$116,571

Hours/week

40

Schedule J breakdown matched by us

Base

$374,867

Bonus

$39,662

Other

$195,915

Deferred

$71,577

Nontaxable benefits

$44,995

Filer's total

$727,016
Maria KrupinMARIA KRUPIN

VICE PRESIDENT-FINANCE

Total calculated

$474,314

From this org

$373,326

From related orgs

$0

Other

$100,988

Hours/week

40

Schedule J breakdown matched by us

Base

$278,253

Bonus

$31,293

Other

$63,781

Deferred

$64,860

Nontaxable benefits

$36,128

Filer's total

$474,315
Michael SperlingMICHAEL SPERLING

VICE PRESIDENT-ACADEMIC AFFAIRS

Total calculated

$462,366

From this org

$369,429

From related orgs

$0

Other

$92,937

Hours/week

40

Schedule J breakdown matched by us

Base

$222,804

Bonus

$25,423

Other

$121,201

Deferred

$50,173

Nontaxable benefits

$42,764

Filer's total

$462,365
Daniel VinhDANIEL VINH

VICE PRESIDENT-MARKETING AND STRATEGY

Total calculated

$414,563

From this org

$315,729

From related orgs

$0

Other

$98,834

Hours/week

40

Schedule J breakdown matched by us

Base

$238,258

Bonus

$28,249

Other

$49,222

Deferred

$57,140

Nontaxable benefits

$41,694

Filer's total

$414,563
Genevieve S FelderGENEVIEVE S FELDER

MANAGING DIRECTOR OF SINGAPORE

Total calculated

$394,652

From this org

$328,832

From related orgs

$0

Other

$65,820

Hours/week

40

Schedule J breakdown matched by us

Base

$188,028

Bonus

$22,877

Other

$117,927

Deferred

$19,796

Nontaxable benefits

$46,023

Filer's total

$394,651
Rachel BirchwoodRACHEL BIRCHWOOD

VICE PRESIDENT-ENROLLMENT MANAGEMENT

Total calculated

$306,704

From this org

$244,879

From related orgs

$0

Other

$61,825

Hours/week

40

Schedule J breakdown matched by us

Base

$207,039

Bonus

$0

Other

$37,840

Deferred

$21,592

Nontaxable benefits

$40,234

Filer's total

$306,705
Herman TietjenHERMAN TIETJEN

ASSOCIATE VP- CHIEF OF STAFF

Total calculated

$298,725

From this org

$231,031

From related orgs

$0

Other

$67,694

Hours/week

40

Schedule J breakdown matched by us

Base

$191,589

Bonus

$0

Other

$39,442

Deferred

$22,143

Nontaxable benefits

$45,551

Filer's total

$298,725
Susan CussenSUSAN CUSSEN

ASSOCIATE VP- BRANCH CAMPUSES

Total calculated

$298,378

From this org

$251,159

From related orgs

$0

Other

$47,219

Hours/week

40

Schedule J breakdown matched by us

Base

$210,971

Bonus

$0

Other

$40,188

Deferred

$22,645

Nontaxable benefits

$24,574

Filer's total

$298,378
Brendan WalshBRENDAN WALSH

DEAN-SCHOOL OF CULINARY ARTS AND BAKING & PASTRY ARTS

Total calculated

$293,128

From this org

$216,191

From related orgs

$0

Other

$76,937

Hours/week

40

Schedule J breakdown matched by us

Base

$212,416

Bonus

$1,500

Other

$2,275

Deferred

$37,310

Nontaxable benefits

$39,627

Filer's total

$293,128
Kathleen MergetKATHLEEN MERGET

ASSOCIATE VP AND DEAN OF STUDENT AFFAIRS

Total calculated

$287,578

From this org

$227,881

From related orgs

$0

Other

$59,697

Hours/week

40

Schedule J breakdown matched by us

Base

$190,724

Bonus

$0

Other

$37,157

Deferred

$20,614

Nontaxable benefits

$39,083

Filer's total

$287,578
Thomas BenselTHOMAS BENSEL

MANAGING DIRECTOR OF GREYSTONE

Total calculated

$277,892

From this org

$218,005

From related orgs

$0

Other

$59,887

Hours/week

40

Schedule J breakdown matched by us

Base

$215,905

Bonus

$0

Other

$2,101

Deferred

$23,959

Nontaxable benefits

$35,928

Filer's total

$277,893
William ReidyWILLIAM REIDY

VICE PRESIDENT-ADVANCEMENT

Total calculated

$275,936

From this org

$222,986

From related orgs

$0

Other

$52,950

Hours/week

40

Schedule J breakdown matched by us

Base

$210,617

Bonus

$0

Other

$12,369

Deferred

$22,231

Nontaxable benefits

$30,719

Filer's total

$275,936
Adam BusbyADAM BUSBY

GENERAL MANAGER OF GREYSTONE

Total calculated

$242,800

From this org

$183,487

From related orgs

$0

Other

$59,313

Hours/week

40

Schedule J breakdown matched by us

Base

$180,782

Bonus

$500

Other

$2,204

Deferred

$19,861

Nontaxable benefits

$39,452

Filer's total

$242,799
Alice EliotALICE ELIOT

TRUSTEE

Total calculated

$0

Hours/week

1.15
Nicole Miller ReganNICOLE MILLER REGAN

TRUSTEE

Total calculated

$0

Hours/week

1.15
Anne FinkANNE FINK

SECRETARY

Total calculated

$0

Hours/week

1.15
John C MetzJOHN C METZ

CHAIRMAN

Total calculated

$0

Hours/week

1.15
Shep GordonSHEP GORDON

TRUSTEE

Total calculated

$0

Hours/week

1.15
Mark SarazinMARK SARAZIN

VICE CHAIRMAN

Total calculated

$0

Hours/week

1.15
Michael MinaMICHAEL MINA

TRUSTEE

Total calculated

$0

Hours/week

1.15
Philip JonesPHILIP JONES

TREASURER

Total calculated

$0

Hours/week

1.15
Raymond BicksonRAYMOND BICKSON

TRUSTEE

Total calculated

$0

Hours/week

1.15
Noah GlassNOAH GLASS

TRUSTEE

Total calculated

$0

Hours/week

1.15
J Riley LagesenJ RILEY LAGESEN

TRUSTEE

Total calculated

$0

Hours/week

1.15
Bob UnanueBOB UNANUE

TRUSTEE

Total calculated

$0

Hours/week

1.15
Ted RichTED RICH

TRUSTEE

Total calculated

$0

Hours/week

1.15
Stanley ChengSTANLEY CHENG

TRUSTEE

Total calculated

$0

Hours/week

1.15
Clarice TurnerCLARICE TURNER

TRUSTEE

Total calculated

$0

Hours/week

1.15
Joyce BrownJOYCE BROWN

TRUSTEE

Total calculated

$0

Hours/week

1.15
Carlton McCoyCARLTON MCCOY

TRUSTEE

Total calculated

$0

Hours/week

1.15
Marc HoffmanMARC HOFFMAN

TRUSTEE

Total calculated

$0

Hours/week

1.15
Regynald WashingtonREGYNALD WASHINGTON

TRUSTEE

Total calculated

$0

Hours/week

1.15
Maneet ChauhanMANEET CHAUHAN

TRUSTEE

Total calculated

$0

Hours/week

1.15
Bridget McCallBRIDGET MCCALL

TRUSTEE

Total calculated

$0

Hours/week

1.15
Arash AzarbarzinARASH AZARBARZIN

TRUSTEE

Total calculated

$0

Hours/week

1.15
Kyle ConnaughtonKYLE CONNAUGHTON

TRUSTEE

Total calculated

$0

Hours/week

1.15
Adam CrociniADAM CROCINI

TRUSTEE

Total calculated

$0

Hours/week

1.15
Ralph Brennan Ends 10-2023RALPH BRENNAN ENDS 10-2023

TRUSTEE

Total calculated

$0

Hours/week

1.15

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
1a · Personal services (maid, chauffeur, chef)
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
3 · Compensation committee
3 · Written employment contract
3 · Compensation survey or study

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

The filer's explanations (Part III)

Schedule J, Part I, Line 1a: THE PRESIDENT IS PROVIDED WITH RESIDENTIAL HOUSING ON CAMPUS, FOR THE CONVENIENCE OF THE COLLEGE. THE ESTIMATED FAIR VALUE OF THE HOUSING IS INCLUDED ON SCHEDULE J AS A NONTAXABLE BENEFIT. AN INDEPENDENT CONTRACTOR IS USED TO MAINTAIN AND CLEAN THE PRESIDENTS RESIDENCE, WHICH IS INSTITUTE PROPERTY.
Schedule J, Part I, Line 3: THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES HAS THE OVERALL RESPONSIBILITY FOR THE COMPENSATION REVIEW OF THE PRESIDENT. AN ANNUAL REVIEW IS BASED ON FOUR FACTORS, SUMMATIVE PERFORMANCE APPRAISAL, ACHIEVEMENT OF ANNUAL GOALS, MARKET ANALYSIS AND INSTITUTIONAL NEEDS. THE PRESIDENT SUBMITS A STATUS REPORT ON THE CURRENT YEAR'S GOALS, YEAR END RESULTS AND PROPOSED GOALS FOR THE UPCOMING YEAR. THE COMPENSATION COMMITTEE WILL ALSO RECEIVE APPROPRIATE PEER AND BENCHMARK DATA FROM THE HUMAN RESOURCES OFFICE. THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES WILL REVIEW THE PRESIDENT'S PERFORMANCE AND DISCUSS THEIR CONCLUSIONS ORALLY WITH THE PRESIDENT TO ENSURE THE ACCURATE AND FAIRNESS OF JUDGEMENTS. THE COMPENSATION COMMITTEE WILL THEN DISCUSS ITS CONCLUSIONS AND COMPENSATION RECOMMENDATION WITH THE PRESIDENT. THE PRESIDENT HAS A WRITTEN EMPLOYMENT CONTRACT. THE PRESIDENT HAS THE OVERALL RESPONSIBILITY FOR THE COMPENSATION REVIEW OF THE VICE PRESIDENTS. A MARKET ANALYSIS IS DONE BY THE HUMAN RESOURCES OFFICE WHICH ALSO INCLUDES PEER AND BENCHAMARK DATA. THIS ANALYSIS IS THEN USED AS A TOOL FOR DETERMINING SALARY CHANGES AND IS REVIEWED WITH THE COMPENSATION COMMITTEE PRIOR TO IMPLEMENTATION. THE SCHEDULE J ALSO DETAILS THE TOTAL COMPENSATION PAID TO THE INSTITUTE'S OFFICERS, KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES. THE ABOVE SCHEDULE J, ALSO INCLUDES AMOUNTS CONTRIBUTED AND DISTRIBUTED FROM THE INSTITUTE'S EXECUTIVE COMPENSATION PLAN. ON JUNE 1ST OF EACH YEAR, THE INSTITUTE DEPOSITS AND INVESTS 10% OF EACH EXECUTIVE OFFICER'S BASE PAY INTO A DEFERRED COMPENSATION ASSET PLAN. THE INITIAL VALUE OF THESE DEPOSITS ARE INCLUDED IN THE "DEFERRED COMPENSATION" COLUMN ON SCHEDULE J. VESTING OCCURS 3 YEARS FOLLOWING THE INITIAL DEPOSIT. EVEN THOUGH THIS SCHEDULE RECOGNIZES DEFERRED COMPENSATION AS WAGES EARNED, THIS TYPE OF COMPENSATION MAY BE FORFEITED, IF THE OFFICER IS NO LONGER EMPLOYED AT THE INSTITUTE. YEARLY, THE VESTED DEPOSITS AND ANY ASSOCIATED REALIZED GAINS OR LOSSES WILL BE DISTRIBUTED TO EACH EXECUTIVE OFFICER. THESE DISTRIBUTIONS ARE INCLUDED IN THE "OTHER COMPENSATION" COLUMN IN SCHEDULE J. EFFECTIVELY, THE VALUE OF THE ORIGINAL DEPOSITS ARE BEING REPORTED AS COMPENSATION TWICE ON THE SCHEDULE J. COLUMN F, ON SCHEDULE J, SHOWS THE AMOUNTS WHICH ARE BEING DUPLICATED FROM THE PRIOR YEAR.

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.

THE CULINARY INSTITUTE OF AMERICA SINGAPORE LTD

501C 3 · EDUCATION · SN · controlled entity

Directly controlled by CIA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

CIA SAN ANTONIO BEVERAGES LLC

BEVERAGE CONCESSION MANAGEMENT SERVICES · TX · income $80,820 · assets $179,665

Directly controlled by CULINARY INSTITUTE OF AMERICA
CIA SAN ANTONIO MANAGEMENT LLC

BEVERAGE CONCESSION MANAGEMENT SERVICES · TX · income $0 · assets $0

Directly controlled by CIA SAN ANTONIO BEVERAGES LLC
CIA SAN ANTONIO OPERATIONS LLC

BEVERAGE CONCESSION MANAGEMENT SERVICES · TX · income $0 · assets $0

Directly controlled by CIA SAN ANTONIO BEVERAGES LLC
CIA INVESTMENT HOLDNGS LLC

JOINT VENTURE -ON CAMPUS HOTEL · NY · income $0 · assets $7,299,378

Directly controlled by CULINARY INSTITUTE OF AMERICA

Provenance

Return type: form_990
Tax year: 2023
Filed: 14 April 2025
IRS schema version: 2023v6.0
Source object: 202521049349301602

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