2025-05-07T18:20:45-05:00 2024-06-30 910189318 MOSS ADAMS LLP 21700 OXNARD ST STE 300 WOODLAND HILLS CA 91367 990 2023-07-01 956102146 CALIFORNIA INSTITUTE OF THE ARTS CALI 6612551050 24700 MCBEAN PARKWAY VALENCIA CA 91355 LORI HUSEIN SVP/CFO/TREASURER 6612551050 2025-05-06 1 1 LAUREN A HAVERLOCK P00545829 8185771900 2023 2025-03-06 01:10:19Z RAVI RAJAN 24700 MCBEAN PARKWAY VALENCIA CA 91355 196735222 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. 32 31 1917 50 -35682 0 16188241 12084336 85766434 94987173 9195878 26408313 8424936 3423593 119575489 136903415 25566647 26703072 0 0 56299145 62992131 0 0 2102998 31677412 29173730 113543204 118868933 6032285 18034482 354546610 388517359 55958572 67111404 298588038 321405955 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 74825435 26703072 80624477 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 2023/24 ACADEMIC YEAR, THERE WERE 1,398 FTE STUDENTS 15176423 0 883127 ACADEMIC SUPPORT: EXPENDITURES PRIMARILY INCLUDE THOSE TO PROVIDE SUPPORT FOR INSTRUCTION - PROVOST OFFICE, LIBRARY, REDCAT ETC. 7638878 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. 0 13479569 OTHER MISCELLANEOUS 0 13479569 97640736 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 2013 0 1 1917 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 32 31 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 459708 0 51987 CHARMAINE JEFFERSON CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 JAMES B LOVELACE VICE CHAIR 1.00 X X 0 0 0 CLARISSA CRAWFORD ALUMNI TRUSTEE 1.00 X 0 0 0 MAIJA BURNETT FACULTY TRUSTEE 1.00 X 0 0 0 CHRISTINA DAILEY STAFF TRUSTEE 1.00 X 0 0 0 WESTLEY GARCIA-ENCINES STAFF TRUSTEE 1.00 X 0 0 0 JUSTINE GORRY STUDENT TRUSTEE 1.00 X 0 0 0 ANUSHKA SHAH STUDENT TRUSTEE 1.00 X 0 0 0 JOAN ABRAHAMSON TRUSTEE 1.00 X 0 0 0 LYNDON BARRIOS TRUSTEE 1.00 X 0 0 0 DAVID A BOSSERT TRUSTEE 1.00 X 0 0 0 DON CHEADLE TRUSTEE 1.00 X 0 0 0 MELISSA COBB TRUSTEE 1.00 X 0 0 0 CAROLINE CRONSON 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 RICK HASKINS TRUSTEE 1.00 X 0 0 0 DAVID JOHNSON TRUSTEE 1.00 X 0 0 0 THOMAS LLOYD TRUSTEE 1.00 X 0 0 0 JAMIE ALTER LYNTON TRUSTEE 1.00 X 0 0 0 GREG MCWILLIAMS TRUSTEE 1.00 X 0 0 0 RAMSEY NATIO TRUSTEE 1.00 X 0 0 0 TINA PERRY TRUSTEE 1.00 X 0 0 0 KEITH RIVERS TRUSTEE 1.00 X 0 0 0 THOMAS ROTHMAN TRUSTEE 1.00 X 0 0 0 DAVID L SCHIFF TRUSTEE 1.00 X 0 0 0 MICHAEL SKLOFF TRUSTEE 1.00 X 0 0 0 CLARK SPENCER TRUSTEE 1.00 X 0 0 0 SUSAN STEINHAUSER TRUSTEE 1.00 X 0 0 0 THERESA STREMPEK TRUSTEE 1.00 X 0 0 0 RIC WHITNEY TRUSTEE 1.00 X 0 0 0 LORI HUSEIN SVP/CFO/TREASURER 50.00 X 333818 0 37887 TRACIE COSTANTINO SVP, PROVOST 50.00 X 282047 0 37714 KIARA BROWN CHIEF OF STAFF (AS OF 03/23)/SECRETARY 50.00 X 173393 0 10136 MICHAEL ELGARICO CHIEF ENROLLMENT OFFICER 50.00 X 228883 0 15098 CHEBON MARSHALL CHIEF OF STAFF (THRU 03/23) 50.00 X 279292 0 4924 IRENE SCHOLL-TATEVOSYAN GENERAL COUNSEL 50.00 X 247018 0 27614 ANN WIENS CHIEF MARKETING & COMMUNICATIONS OFFICER 50.00 X 237627 0 32391 TRAVIS PRESTON DEAN, SCHOOL OF THEATER 50.00 X 215036 0 25422 ALLAN CHEN VP AND CHIEF TECHNOLOGY OFFICER 50.00 X 206116 0 33263 2662938 0 276436 133 0 1 0 GILBANE BUILDING COMPANY 7 JACKSON WALKWAY PROVIDENCE RI 02903 WATER INTRUSION RESTORATION 9847895 SIRECON LLC 303 GLENOAKS BOULEVARD SUITE 200 BURBANK CA 91502 CAMPUS CONSTRUCTION 4806783 THE SHERIDAN GROUP 2045 PONTIUS AVENUE LOS ANGELES CA 90025 CAMPUS CONSTRUCTION 2502262 CARRIER CORPORATION PO BOX 93844 CHICAGO IL 60673 CAMPUS CONSTRUCTION 1438513 STAPLES CONSTRUCTION CO INC 1501 EASTMAN AVENUE VENTURA CA 93003 CAMPUS CONSTRUCTION 1202300 66 688301 11396035 393287 12084336 TUITION AND FEES 611600 77161356 77161356 OTHER MISCELLANEOUS 611600 14147881 14147881 AUXILIARY ENTERPRISES 611600 3677936 3677936 94987173 20973219 -35682 21008901 389168 389168 416924 0 416924 416924 416924 64760202 117531 59736755 95052 5023447 22479 5045926 5045926 INSURANCE RECOVERY 524298 3006669 3006669 3006669 136903415 94987173 -35682 29867588 26703072 26703072 1993199 588425 1202924 201850 50084791 41235180 7753601 1096010 2313691 1904879 358181 50631 4636422 3340263 872301 423858 3964028 2754886 1209142 1406021 1273168 119327 13526 280972 280972 587382 587382 2647497 294345 2320902 32250 157356 79187 77814 355 478433 394212 64269 19952 2307294 1482111 745985 79198 10189 10189 965512 747311 196143 22058 109320 90612 12837 5871 3192713 3102713 90000 3441714 3085040 356674 1829837 1042484 787353 RENTALS 3532049 2561137 912678 58234 REPAIRS AND MAINTENANCE 1351212 1294901 56065 246 COVID-19-RELATED EXPEND 377385 377385 PERKINS LOAN SERVICE EX 179778 179778 6319066 5099458 1120649 98959 118868933 97640736 19125199 2102998 26076999 11780329 10353780 9300010 7631108 16379676 503773 399100 2068145 1714594 155772568 48771023 88788830 107001545 124156540 146798780 94653649 95143325 313786 0 354546610 388517359 7039622 7197002 722804 1011507 38905072 38674678 4197230 8398568 0 7000000 5093844 4829649 55958572 67111404 X 76985412 80845326 221602626 240560629 298588038 321405955 354546610 388517359 X 18034482 4747753 35682 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 117531 313500 X FUNDRAISING PURPOSES 1 221602626 6895815 30584655 -3176748 -6594452 249311896 215891775 119905 16016646 3770195 6655505 221602626 238769884 655710 -13195819 3842332 6495668 215891775 186711498 350491 62160895 3842332 6610668 238769884 183424199 5393611 4255688 2175000 4187000 186711498 0.09000 0.51000 0.40000 0 0 2677129 2677129 126756274 44856886 81899388 10852964 1611084 9241880 15486201 2303053 13183148 107001545 COLLECTIVE TRUSTS 17521066 F PRIVATE EQUITY 51974681 F REAL ASSET FUNDS 4068462 F ABSOLU. RETURN STRATEGIES 3999725 F DEBT SECURITY FUNDS 17579391 F 95143325 DEPOSITS AND ADVANCE COLLECTIONS 2647551 ASSET RETIREMENT OBLIGATION 249124 U.S. GOVERNMENT LOANS REFUNDABLE 1932974 4829649 X 114396396 4747753 -26703072 -21955319 136351715 587382 -35682 551700 136903415 91578479 0 91578479 587382 26703072 27290454 118868933 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, 2024 OR JUNE 30, 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID -26,703,072. PART XI, LINE 4B - OTHER ADJUSTMENTS: UBI FROM PASSTHROUGH INVESTMENTS -35,682. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 26,703,072. 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 17809274 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 INVESTMENTS 1000 0 0 0 0 0 0 17810274 0 17810274 1 0 1 1 1 0 1 SCHOLARSHIPS AND GRANTS 1283 26656644 SEOG 97 46428 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 1 0 0 0 0 0 0 0 0 RAVI RAJAN PRESIDENT 459480 0 0 0 228 0 33094 0 18893 0 511695 0 0 0 LORI HUSEIN SVP/CFO/TREASURER 332813 0 0 0 1005 0 18781 0 19106 0 371705 0 0 0 TRACIE COSTANTINO SVP, PROVOST 281337 0 0 0 710 0 18720 0 18994 0 319761 0 0 0 CHEBON MARSHALL CHIEF OF STAFF (THRU 03/23) 58849 0 0 0 220443 0 2406 0 2518 0 284216 0 0 0 IRENE SCHOLL-TATEVOSYAN GENERAL COUNSEL 246881 0 0 0 137 0 16462 0 11152 0 274632 0 0 0 ANN WIENS CHIEF MARKETING & COMMUNICATIONS OFFICER 213654 0 0 0 23973 0 13498 0 18893 0 270018 0 0 0 MICHAEL ELGARICO CHIEF ENROLLMENT OFFICER 228655 0 0 0 228 0 14884 0 214 0 243981 0 0 0 TRAVIS PRESTON DEAN, SCHOOL OF THEATER 211637 0 0 0 3399 0 14370 0 11052 0 240458 0 0 0 ALLAN CHEN VP AND CHIEF TECHNOLOGY OFFICER 205888 0 0 0 228 0 14157 0 19106 0 239379 0 0 0 KIARA BROWN CHIEF OF STAFF (AS OF 03/23)/SECRETARY 173306 0 0 0 87 0 3178 0 6958 0 183529 0 0 0 PART I, LINE 1A CALIFORNIA INSTITUTE OF THE ARTS PROVIDED A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE TO ONE HIGHLY COMPENSATED EMPLOYEE, THE VALUE OF WHICH WAS TREATED AS TAXABLE INCOME. PART I, LINE 4A A PERSON REPORTED ON PART VII RECEIVED A SEVERANCE PAYMENT UNDER A CONFIDENTIAL AGREEMENT. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 13048VWU8 2021-09-14 39997463 SEE PART VI 0 0 0 A 40846168 630431 38102908 2112830 2024 0 0 1 1 A 0 1 0 0 0.01510 0.01510 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 2266 378448 FMV X 2 2876 FMV X 3 1023 FMV X EQUIPMENT 2 9516 SELLING PRICE X MEAL 1 1423 SELLING PRICE X PIANO 1 1 0 0 1 0 PART I, COLUMN (B): THE NUMBER FOR SECURITIES REPRESENTS THE NUMBER OF SHARES CONTRIBUTED. THE NUMBER FOR OTHER NONCASH CONTRIBUTIONS 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 AND SIGNED BY THE CHIEF FINANCIAL OFFICER. 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. NO CONFLICTS IDENTIFIED. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S COMPENSATION IS REVIEWED AND APPROVED BY THE COMPENSATION 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 35,682.