2024-03-29T16:59:35-05:00 2023-06-30 910189318 MOSS ADAMS LLP 21700 OXNARD ST STE 300 WOODLAND HILLS CA 91367 990 2022-07-01 956102146 CALIFORNIA INSTITUTE OF THE ARTS CALI 6612551050 24700 MCBEAN PARKWAY VALENCIA CA 91355 LORI HUSEIN SVP/CFO/TREASURER 6612551050 2024-03-26 1 LORI HUSEIN 999009999 0 LAUREN A HAVERLOCK P00545829 8185771900 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RAVI RAJAN 24700 MCBEAN PARKWAY VALENCIA CA 91355 196863119 0 X WWW.CALARTS.EDU X 1961 CA CALARTS OFFERS VARIOUS DEGREES IN ART, CRITICAL STUDIES, DANCE, FILM/VIDEO, MUSIC AND THEATER. SEE PART III LINE 1 FOR FURTHER DETAIL. 34 33 1908 50 83040 58122 10744469 16188241 81426233 85766434 27654488 9195878 3004408 8424936 122829598 119575489 25853253 25566647 0 0 52059798 56299145 0 0 3349307 28599371 31677412 106512422 113543204 16317176 6032285 340656404 354546610 54570562 55958572 286085842 298588038 X 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. 0 0 73268224 25426420 83190831 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 2022/23 ACADEMIC YEAR, THE INSTITUTE ENROLLED 1,440 STUDENTS. 11563164 0 623608 ACADEMIC SUPPORT: EXPENDITURES PRIMARILY INCLUDE THOSE TO PROVIDE SUPPORT FOR INSTRUCTION - PROVOST OFFICE, LIBRARY, REDCAT ETC. 7931808 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. 219208 140227 1951995 OTHER MISCELLANEOUS 219208 140227 1951995 92982404 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 2266 0 1 1908 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 34 33 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 0 1 1 CA X XIAOMEI HE 6615542548 24700 MCBEAN PARKWAY VALENCIA CA 91355 RAVI RAJAN PRESIDENT 50.00 X X 450374 0 58352 JAMES B LOVELACE VICE CHAIR 1.00 X X 0 0 0 DAVID A BOSSERT TRUSTEE 1.00 X 0 0 0 TINA PERRY TRUSTEE 1.00 X 0 0 0 DAVID JOHNSON TRUSTEE 1.00 X 0 0 0 DON CHEADLE TRUSTEE 1.00 X 0 0 0 IWAN WIRTH TRUSTEE 1.00 X 0 0 0 RICK HASKINS TRUSTEE 1.00 X 0 0 0 JAMIE ALTER LYNTON TRUSTEE 1.00 X 0 0 0 DAVID I FISHER TRUSTEE 1.00 X 0 0 0 SUSAN STEINHAUSER TRUSTEE 1.00 X 0 0 0 DAVID L SCHIFF TRUSTEE 1.00 X 0 0 0 CLARISSA CRAWFORD ALUMNI TRUSTEE 1.00 X 0 0 0 CHARMAINE JEFFERSON TRUSTEE 1.00 X 0 0 0 JONATHAN DOLGEN TRUSTEE 1.00 X 0 0 0 RODRIGO GARCIA TRUSTEE 1.00 X 0 0 0 SPENCER CLARK TRUSTEE 1.00 X 0 0 0 WESTLEY GARCIA-ENCINES STAFF TRUSTEE 1.00 X 0 0 0 TIM DISNEY CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 TROY CARTER TRUSTEE 1.00 X 0 0 0 THOMAS ROTHMAN TRUSTEE 1.00 X 0 0 0 THOMAS LLOYD TRUSTEE 1.00 X 0 0 0 MICHAEL SKLOFF TRUSTEE 1.00 X 0 0 0 THERESA STREMPEK TRUSTEE 1.00 X 0 0 0 LYNDON BARRIOS TRUSTEE 1.00 X 0 0 0 MELISSA COBB TRUSTEE 1.00 X 0 0 0 KEITH RIVERS TRUSTEE 1.00 X 0 0 0 CAULEEN SMITH FACULTY TRUSTEE 1.00 X 0 0 0 KAREN HILLENBURG TRUSTEE 1.00 X 0 0 0 JORDYN ROSS STUDENT TRUSTEE 1.00 X 0 0 0 JOAN ABRAHAMSON TRUSTEE 1.00 X 0 0 0 RAMSEY NATIO TRUSTEE 1.00 X 0 0 0 CAROLINE CRONSON TRUSTEE 1.00 X 0 0 0 GREG MCWILLIAMS TRUSTEE 1.00 X 0 0 0 LORI HUSEIN SVP/CFO/TREASURER 50.00 X 325799 0 32547 TRACIE COSTANTINO SVP, PROVOST 50.00 X 281277 0 34910 KIARA BROWN CHIEF OF STAFF/SECRETARY 50.00 X 123467 0 7853 NATALIE ADAMS VP AND CHIEF ADVANCEMENT OFFICER 50.00 X 251435 0 32333 TRAVIS PRESTON DEAN, SCHOOL OF THEATER 50.00 X 228204 0 24581 ALLAN CHEN VP AND CHIEF TECHNOLOGY OFFICER 50.00 X 222089 0 27540 BRIDGETTE WILDER VP AND CHIEF HUMAN RESOURCES OFFICER 50.00 X 218945 0 24068 CHEBON MARSHALL CHIEF OF STAFF 50.00 X 208025 0 24047 2309615 0 266231 70 0 1 0 GILBANE BUILDING COMPANY 7 JACKSON WALKWAY PROVIDENCE RI 02903 FLOOD RESTORATION 3970540 GFI CONSTRUCTION INC 25235 AVENUE TIBBETS VALENCIA CA 91355 CAMPUS CONTSTRUCTION 1388406 HAMMEL GREEN AND ABRAHAMSON INC PO BOX 86 MINNEAPOLIS MN 55486 ARCHITECTURE 1266505 JON K TAKATA CORPORATION 3090 INDEPENDENCE DR LIVERMORE CA 94551 ASBESTOS REMOVAL 1169416 FIDELITY SECURITY SERVICE 25133 AVE TIBBITTS STE H VALENCIA CA 91355 CAMPUS SECURITY SERVICES 655230 43 1320354 14867887 274962 16188241 TUITION AND FEES 611600 79804171 79804171 AUXILIARY ENTERPRISES 611600 3268973 3268973 OTHER MISCELLANEOUS 611600 2693290 2693290 85766434 5155512 83040 5072472 150420 0 150420 150420 150420 81110749 217247 77238001 49629 3872748 167618 4040366 4040366 INSURANCE RECOVERY 524298 8274516 8274516 8274516 119575489 85766434 83040 17537774 25566647 25566647 1362716 302864 1059852 46237911 38923121 5509794 1804996 1996444 1538765 367021 90658 3380970 2605893 683841 91236 3321104 2543738 629039 148327 655399 50870 604529 152175 152175 494834 494834 3394720 2202065 387545 805110 381401 128507 252894 896019 292202 600105 3712 2690068 1080083 1527694 82291 6470 5887 583 995395 810868 172453 12074 127742 92711 35031 1168687 1168687 3393866 2646919 746947 14174 14174 REPAIRS AND MAINTENANCE 4352568 3926228 426340 RENTALS 4157853 1454821 2392129 310903 COVID-19-RELATED EXPEND 1016787 1016787 PERKINS LOAN SERVICE EX 241992 241992 7537262 7537262 113543204 92982404 17211493 3349307 46685208 26076999 7627657 10353780 4397254 7631108 577726 503773 1562640 2068145 137801442 49012612 64853745 88788830 123206407 124156540 91066273 94653649 679494 313786 340656404 354546610 7186497 7039622 814669 722804 39135465 38905072 2233490 4197230 5200441 5093844 54570562 55958572 X 73950060 76985412 212135782 221602626 286085842 298588038 340656404 354546610 X 6032285 6552951 -83040 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 217247 619811 X FUNDRAISING PURPOSES 1 215891775 119905 16016646 3770195 6655505 221602626 238769884 655710 -13195819 3842332 6495668 215891775 186711498 350491 62160895 3842332 6610668 238769884 183424199 5393611 4255688 2175000 4187000 186711498 178611645 1885855 8975699 2001906 4047094 183424199 0.09000 0.57000 0.34000 0 0 2677129 2677129 88935671 44546381 44389290 9731401 2161852 7569549 36457241 2304379 34152862 88788830 COLLECTIVE TRUSTS 15590517 F PRIVATE EQUITY 51146443 F REAL ASSET FUNDS 3728648 F ABSOLU. RETURN STRATEGIES 10268044 F DEBT SECURITY FUNDS 13919997 F 94653649 DEPOSITS AND ADVANCE COLLECTIONS 2380312 ASSET RETIREMENT OBLIGATION 266298 U.S. GOVERNMENT LOANS REFUNDABLE 2278159 RIGHT OF USE LEASE LIABILITY 169075 5093844 X 99983919 6552951 -25566647 -19013696 118997615 494834 83040 577874 119575489 87481723 0 87481723 494834 25566647 26061481 113543204 PART III, LINE 4: THE 50+50 PROJECT IS A FUNDRAISING PROJECT. CALARTS HAS COMMISSIONED 50-60 ARTISTS TO CREATE WORK AND DONATE IT TO CALARTS FOR SALE. THE NUMBER OF EDITIONS, ARTIST PROOFS AND PIECES TO BE KEPT BY THE ARTIST ARE REFLECTED ON THE DONATION FORM. THE PROPOSED SALES PRICE IS NEGOTIATED WITH THE ARTIST AND REFLECTED ON THE DONATION FORM. PART V, LINE 4: ENDOWMENTS ARE USED FOR VARIOUS PURPOSES. THE MAIN PURPOSE IS TO HELP SUPPORT FINANCIAL NEED FOR CALARTS' STUDENTS. PART X, LINE 2: THE INSTITUTE IS AN EDUCATIONAL ORGANIZATION FOR FEDERAL AND STATE INCOME TAX PURPOSES AND IS EXEMPT FROM INCOME TAX, EXCEPT WITH RESPECT TO ANY UNRELATED BUSINESS INCOME. UNRELATED BUSINESS INCOME TAX, IF ANY, IS INSIGNIFICANT AND NO TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE INSTITUTE HAD NO UNCERTAIN TAX POSITIONS AS OF THE YEARS ENDED JUNE 30, 2023 OR JUNE 30, 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID -25,566,647. PART XI, LINE 4B - OTHER ADJUSTMENTS: UBI FROM PASSTHROUGH INVESTMENTS 83,040. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 25,566,647. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE INSTITUTE'S WEBSITE PUBLISHED NON-DISCRIMINATORY POLICY STATEMENT AND A LINK TO OUR STATEMENT IS INCLUDED ON ALL ADMISSIONS MATERIALS, INCLUDING THE APPLICATION FOR ADMISSION. SCHEDULE E, PART I, LINE 6 THE INSTITUTE RECEIVES DIRECT LOANS, SEOG AND WORK STUDY FUNDING FROM THE DEPARTMENT OF EDUCATION. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 25017659 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 INVESTMENTS 1000 0 0 0 0 0 0 25018659 0 25018659 1 0 1 1 1 0 PART III ACCOUNTING METHOD: 1 SCHOLARSHIPS AND GRANTS 1391 25380934 SEOG 95 185713 PART I, LINE 2: FINANCE WORKS WITH ADVANCEMENT TO DETERMINE ANY NEW AND CONTINUING SCHOLARSHIP BUDGETS. STUDENTS ARE SELECTED BASED UPON CRITERIA ESTABLISHED FOR EACH TYPE OF FUNDING. FINANCIAL AID IS NOTIFIED OF THE AMOUNTS AVAILABLE TO AWARD EACH ACADEMIC YEAR. THE FINANCIAL AID OFFICE CONFIRMS STUDENT'S ELIGIBILITY PER FSA GUIDELINES AND DETERMINES THE FINAL AWARD PACKAGE. THE FINANCIAL AID OFFICE NOTIFIES THE ACCOUNTING OFFICE OF EXPENDITURES FOR EACH TERM DURING THE ACADEMIC YEAR. RECONCILIATION FOR DISBURSEMENTS IS PREPARED ON A MONTHLY BASIS BETWEEN FINANCIAL AID AND ACCOUNTING. THE ADVANCEMENT OFFICE PROVIDES REPORTING TO THE DONORS REGARDING THE USE OF DONOR CONTRIBUTED SCHOLARSHIP FUNDS (ENDOWED OR CURRENT USE). AWARD /PRIZE RECIPIENTS ARE DETERMINED BY CRITERIA ESTABLISHED BY THE RESPECTIVE ACADEMIC DEPARTMENTS. THE DEPARTMENTS PROVIDE DISBURSEMENT INFORMATION TO ACCOUNTING FOR THE SELECTED STUDENTS. THE ADVANCEMENT OFFICE PROVIDES REPORTING TO THE DONORS REGARDING USE OF DONOR CONTRIBUTED PRIZE FUNDS. X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 RAVI RAJAN PRESIDENT 405894 0 35000 0 9480 0 40500 0 17852 0 508726 0 0 0 LORI HUSEIN SVP/CFO/TREASURER 304077 0 20625 0 1097 0 14695 0 17852 0 358346 0 0 0 TRACIE COSTANTINO SVP, PROVOST 262437 0 18066 0 774 0 17058 0 17852 0 316187 0 0 0 NATALIE ADAMS VP AND CHIEF ADVANCEMENT OFFICER 222792 0 16500 0 12143 0 14481 0 17852 0 283768 0 0 0 TRAVIS PRESTON DEAN, SCHOOL OF THEATER 210668 0 15250 0 2286 0 13693 0 10888 0 252785 0 0 0 ALLAN CHEN VP AND CHIEF TECHNOLOGY OFFICER 206923 0 15000 0 166 0 9688 0 17852 0 249629 0 0 0 BRIDGETTE WILDER VP AND CHIEF HUMAN RESOURCES OFFICER 203231 0 15000 0 714 0 13210 0 10858 0 243013 0 0 0 CHEBON MARSHALL CHIEF OF STAFF 175000 0 13750 0 19275 0 11375 0 12672 0 232072 0 0 0 PART I, LINE 1A CALIFORNIA INSTITUTE OF THE ARTS PROVIDED A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE TO ONE OFFICER AND ONE HIGHLY COMPENSATED EMPLOYEE, THE VALUE OF WHICH WAS TREATED AS TAXABLE INCOME. PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457(F) DEFERRED COMPENSATION NONQUALIFIED RETIREMENT PLAN FOR CALENDAR YEAR 2022: NATALIE ADAMS PART I, LINE 7 DISCRETIONARY BONUSES ARE DETERMINED BASED ON INDIVIDUAL PERFORMANCE. BONUSES ARE PROPERLY APPROVED. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 13048VWU8 2021-09-14 39997463 SEE PART VI 0 0 0 A 40457000 630431 25769716 14056854 0 0 0 1 A 0 1 0 0 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 SCHEDULE K, PART I, LINE A, COLUMN F FINANCE THE ACQUISITION, CONSTRUCTION, IMPROVEMENT, RENOVATION, AND EQUIPPING OF CERTAIN EDUCATIONAL FACILITIES AND TO REFINANCE CERTAIN OUTSTANDING DEBT. X 6 237846 FMV X TRUSS 1 33867 SELLING PRICE X CLASSROOM SUPPLIES 6 3250 SELLING PRICE 0 0 1 0 PART I, COLUMN (B): THE NUMBER REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN EXTERNAL CPA FIRM AND THE CONTROLLER, REVIEWED BY THE CHIEF FINANCIAL OFFICER AND SIGNED BY THE PRESIDENT. THE AUDIT COMMITTEE REVIEWS THE PUBLIC DISCLOSURE COPY OF THE 990. THEN THE BOARD OF TRUSTEES REVIEWS THE PUBLIC DISCLOSURE COPY OF THE 990 PRIOR TO FILING. THE EXTERNAL FIRM FILES THE FORM ELECTRONICALLY. FORM 990, PART VI, SECTION B, LINE 12C A LETTER IS SENT TO THE BOARD OF TRUSTEE MEMBERS ON AN ANNUAL BASIS REQUESTING DISCLOSURE OF ANY INTEREST THAT COULD GIVE RISE TO CONFLICTS. IF THERE ARE ANY CONFLICTS DISCLOSED, THEY ARE INVESTIGATED BY THE INSTITUTE AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S COMPENSATION IS REVIEWED AND APPROVED BY THE SALARY SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. COMPARABLE COMPENSATION DATA FROM INDEPENDENT CONSULTANTS, FORM 990S OF OTHER ORGANIZATIONS AND OTHER VARIOUS SALARY SURVEYS ARE REVIEWED BY THE COMMITTEE. THERE IS A WRITTEN CONTRACT THAT IS THEN APPROVED BY THE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 ARTICLES OF INCORPORATION, BYLAWS, FINANCIAL STATEMENTS, TAX RETURNS AND CONFLICT OF INTEREST STATEMENTS ARE ALL AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: UBI FROM PASSTHROUGH INVESTMENTS -83,040.