Totals
- Total revenue
- $38,594,119
- Total expenses
- $29,733,021
- Contributions and grants received
- $11,967,383
- Grants paid
- $8,719,622
- Program service revenue
- $25,607,833
- Investment income
- $1,003,883
- Other revenue
- $15,020
- Total assets, end of year
- $76,106,186
- Total liabilities, end of year
- $29,919,886
- Net assets or fund balances, end of year
- $46,186,300
- Program services expenses (Part IX)
- $23,019,340
- Management and general expenses
- $5,788,653
- Fundraising expenses
- $925,028
- Program service expenses (Part III)
- $23,019,340
Program services were 77.4% 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.
-
1c · Fundraising events
$61,385
-
1e · Government grants (contributions)
$204,638
-
1f · All other contributions, gifts and grants
$11,701,360
-
1g · Noncash contributions included above
$1,646,253
-
2a · Program service revenue: TUITION AND FEES
total $20,062,446 · related or exempt $20,062,446
-
2b · Program service revenue: ROOM AND BOARD FEES
total $5,545,387 · related or exempt $5,545,387
-
3 · Investment income
total $748,921 · excluded $748,921
-
6a · Gross rents
real property $597,830
-
6b · Less rental expenses
real property $647,613
-
6c · Rental income or loss
real property -$49,783
-
6d · Net rental income or loss
total -$49,783 · excluded -$49,783
-
7a · Gross sales of assets other than inventory
securities $793,821
-
7b · Less cost or other basis and sales expenses
securities $538,859
-
7c · Gain or loss
securities $254,962
-
7d · Net gain or loss
total $254,962 · excluded $254,962
-
8a · Fundraising events: gross income
$84,205
-
8a · Fundraising events: contributions included on line 1c
$61,385
-
8b · Fundraising events: direct expenses
$32,147
-
8c · Net income from fundraising events
total $52,058 · excluded $52,058
-
11d · All other revenue
total $12,745 · excluded $12,745
-
11e · Other revenue, total
$12,745
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $8,719,622 · program services $8,719,622
-
5 · Compensation of officers, directors and key employees
total $972,065 · management and general $613,421 · fundraising $358,644
-
7 · Other salaries and wages
total $7,771,458 · program services $5,832,433 · management and general $1,719,121 · fundraising $219,904
-
8 · Pension plan contributions
total $326,799 · program services $140,524 · management and general $186,275
-
9 · Other employee benefits
total $929,833 · program services $620,252 · management and general $248,055 · fundraising $61,526
-
10 · Payroll taxes
total $651,800 · program services $434,838 · management and general $173,833 · fundraising $43,129
-
11b · Fees: legal
total $48,564 · management and general $48,564
-
11c · Fees: accounting
total $83,943 · management and general $83,943
-
11e · Fees: professional fundraising services
total $118,434 · fundraising $118,434
-
11f · Fees: investment management
total $46,295 · management and general $46,295
-
11g · Fees: other
total $47,246 · management and general $47,246
-
12 · Advertising and promotion
total $435,105 · program services $270,445 · management and general $131,728 · fundraising $32,932
-
13 · Office expenses
total $29,917 · program services $8,379 · management and general $19,272 · fundraising $2,266
-
14 · Information technology
total $551,511 · program services $211,025 · management and general $318,737 · fundraising $21,749
-
16 · Occupancy
total $393,262 · program services $276,368 · management and general $116,894
-
17 · Travel
total $292,789 · program services $74,599 · management and general $218,190
-
19 · Conferences, conventions and meetings
total $29,898 · management and general $29,898
-
20 · Interest
total $114,858 · program services $67,938 · management and general $46,920
-
22 · Depreciation, depletion and amortization
total $1,407,986 · program services $911,915 · management and general $496,071
-
23 · Insurance
total $373,685 · program services $230,334 · management and general $143,351
-
24a · Other expenses: DORM & DINING
total $3,550,856 · program services $3,550,856
-
24b · Other expenses: MAINTENANCE & SERVICES
total $977,087 · program services $543,262 · management and general $412,134 · fundraising $21,691
-
24c · Other expenses: UTILITIES
total $506,142 · program services $299,936 · management and general $195,896 · fundraising $10,310
-
24d · Other expenses: SUPPLIES
total $407,963 · program services $348,436 · management and general $56,551 · fundraising $2,976
-
24e · All other expenses
total $945,903 · program services $478,178 · management and general $436,258 · fundraising $31,467
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $5,883,181 · end of year $6,157,886
-
3 · Pledges and grants receivable
beginning of year $2,143,636 · end of year $9,258,033
-
4 · Accounts receivable
beginning of year $314,949 · end of year $552,510
-
9 · Prepaid expenses and deferred charges
beginning of year $688,664 · end of year $780,678
-
10a · Land, buildings and equipment: cost or other basis
$34,053,882
-
10b · Land, buildings and equipment: accumulated depreciation
$17,064,497
-
10c · Land, buildings and equipment, net
beginning of year $17,249,313 · end of year $16,989,385
-
11 · Investments: publicly traded securities
beginning of year $17,820,913 · end of year $20,537,757
-
15 · Other assets
beginning of year $5,842,234 · end of year $21,829,937
-
17 · Accounts payable and accrued expenses
beginning of year $1,670,583 · end of year $1,785,693
-
19 · Deferred revenue
beginning of year $1,139,976 · end of year $1,055,543
-
20 · Tax-exempt bond liabilities
beginning of year $5,318,837 · end of year $4,711,181
-
24 · Unsecured notes and loans payable
beginning of year $1,034,134 · end of year $922,916
-
25 · Other liabilities
beginning of year $4,968,510 · end of year $21,444,553
-
27 · Net assets without donor restrictions
beginning of year $14,191,513 · end of year $13,583,425
-
28 · Net assets with donor restrictions
beginning of year $21,619,337 · end of year $32,602,875
Mission and programs · 2024
Mission
THE COLLEGE'S MISSION IS TO PROVIDE EDUCATION IN FINE ARTS
Activities or mission (Part I)
THE COLLEGE'S MISSION IS TO PROVIDE EDUCATION IN FINE ARTS.
-
INSTRUCTION - PRIMARY MISSION. THE COLLEGE IS A PRIVATE INSTITUTION OFFERING BACHELOR AND MASTER OF FINE ARTS DEGREE PROGRAMS TO APPROXIMATELY 400 FULL-TIME STUDENTS CONCENTRATING IN THE FINE ARTS, A MASTER OF ART IN TEACHING PROGRAM, AS WELL AS A WIDE RANGE OF CONTINUING STUDIES CLASSES FOR INDIVIDUALS OF ALL AGES AND A PUBLICLY ACCESSIBLE GALLERY, THE INSTITUTE OF CONTEMPORARY ART.
Expenses $23,019,340 · Grants $8,719,622 · Revenue $25,607,833
As filed on the 2024 return.
Listed in Part VII
-
Kathryn YatesKATHRYN YATES
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Diane GathwaiteDIANE GATHWAITE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Deborah H DluhyDEBORAH H DLUHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Meredith KoernerMEREDITH KOERNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Susan A RogersSUSAN A ROGERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jenny ScheuJENNY SCHEU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Abigail WarkABIGAIL WARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dan BailinDAN BAILIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael BoysonMICHAEL BOYSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Charles Perry ButterfieldCHARLES PERRY BUTTERFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jordan CareyJORDAN CAREY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jeana ChoJEANA CHO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jennie CoyneJENNIE COYNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Stacey DietschSTACEY DIETSCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kerem DurdagKEREM DURDAG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Edward FriedmanEDWARD FRIEDMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kathryn Knight-WiseKATHRYN KNIGHT-WISE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Susan LambeSUSAN LAMBE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Roberta MarchROBERTA MARCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Marianna PierceMARIANNA PIERCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Damien SaccaniDAMIEN SACCANI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gimbala SankareGIMBALA SANKARE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kristin ValdmanisKRISTIN VALDMANIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brit VitaliusBRIT VITALIUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Laura FreidLAURA FREID
PRESIDENT
- Total calculated
- $469,413
- From this org
- $451,239
- From related orgs
- $0
- Other
- $18,174
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $451,239
- Bonus
- $0
- Other
- $0
- Deferred
- $17,250
- Nontaxable benefits
- $924
- Filer's total
- $469,413
-
Elizabeth ElickerELIZABETH ELICKER
EXECUTIVE VP
- Total calculated
- $247,765
- From this org
- $229,690
- From related orgs
- $0
- Other
- $18,075
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $229,690
- Bonus
- $0
- Other
- $0
- Deferred
- $11,485
- Nontaxable benefits
- $6,590
- Filer's total
- $247,765
-
Ian AndersonIAN ANDERSON
VP ACADEMIC AFFAIRS & DEAN
- Total calculated
- $181,449
- From this org
- $158,111
- From related orgs
- $0
- Other
- $23,338
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,111
- Bonus
- $0
- Other
- $0
- Deferred
- $7,906
- Nontaxable benefits
- $15,432
- Filer's total
- $181,449
-
Laura RethefordLAURA RETHEFORD
VP OF DEVELOPMENT
- Total calculated
- $149,694
- From this org
- $133,025
- From related orgs
- $0
- Other
- $16,669
- Hours/week
- 40
-
Holly HigginsHOLLY HIGGINS
DIRECTOR OF BUSINESS SERVICES
- Total calculated
- $119,291
- From this org
- $108,062
- From related orgs
- $0
- Other
- $11,229
- Hours/week
- 40
-
Jennifer CampanaroJENNIFER CAMPANARO
DIRECTOR OF ADMISSIONS
- Total calculated
- $128,307
- From this org
- $107,017
- From related orgs
- $0
- Other
- $21,290
- Hours/week
- 40
-
Seth ClayterSETH CLAYTER
DIRECTOR OF TECHNOLOGY
- Total calculated
- $106,791
- From this org
- $101,610
- From related orgs
- $0
- Other
- $5,181
- 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
- 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 · Written employment contract
- 3 · Compensation survey or study
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 19 January 2026
- IRS schema version
- 2024v5.5
- Source object
- 202610719349302051
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