2022-02-16T15:30:29-06:00 2021-06-30 910189318 MOSS ADAMS LLP 21700 OXNARD ST STE 300 LOS ANGELES CA 91367 990 2020-07-01 956102146 CALIFORNIA INSTITUTE OF THE ARTS CALI 6612551050 24700 MCBEAN PARKWAY VALENCIA CA 91355 RAVI RAJAN PRESIDENT 6612551050 2022-02-03 1 RAVI RAJAN 999009999 LAUREN A HAVERLOCK P00545829 8185771900 2022-02-03 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z RAVI RAJAN 24700 MCBEAN PARKWAY VALENCIA CA 91355 192553147 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 34 1743 50 26305 24761 15783871 18317971 81719580 60229773 7887259 29899580 1358558 142620 106749268 108589944 22945330 21474685 0 0 50569283 45615426 0 0 2496845 21262262 17979258 94776875 85069369 11972393 23520575 270761544 331831634 17151118 21681321 253610426 310150313 X CALARTS OFFERS VARIOUS DEGREES IN ART, CRITICAL STUDIES, DANCE, FILM/VIDEO, MUSIC AND THEATER. CALARTS ALSO PROMOTES NEW WORKS THROUGH THE ROY AND EDNA DISNEY/CALARTS THEATER AND COLLABORATES WITH SCHOOLS AND ARTS ORGANIZATIONS TO PROVIDE ARTS EDUCATION TO YOUTH THROUGH THE COMMUNITY ARTS PARTNERSHIP (CAP). 0 0 53875231 21197935 59187659 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 2020/21 ACADEMIC YEAR, THE INSTITUTE ENROLLED 1180 STUDENTS. 7778341 0 69598 ACADEMIC SUPPORT: EXPENDITURES PRIMARILY INCLUDE THOSE TO PROVIDE SUPPORT FOR INSTRUCTION - PROVOST OFFICE, LIBRARY, REDCAT ETC. 4696535 0 0 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. 698727 276750 972516 OTHER MISCELLANEOUS 698727 276750 972516 67048834 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 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1879 0 1 1743 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 34 34 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 0 1 1 CA X BERNADETTE HEREDIA 6612537851 24700 MCBEAN PARKWAY VALENCIA CA 91355 RAVI RAJAN PRESIDENT 50.00 X 447564 0 38304 KARLA TALAVERA ASSISTANT TREASURER (THRU 12/18/20) 50.00 X 273910 0 15258 MEREDITH ROBBINS SVP, ADVANCEMENT (THRU 02/01/21) 50.00 X 241241 0 20478 TRACIE COSTANTINO SVP, PROVOST 50.00 X 233360 0 26653 ROBERT BORDEN VP OF ENROLLMENT 50.00 X 186852 0 40455 MAEESHA MERCHANT TREASURER (THRU 09/01/20) 50.00 X 212176 0 14367 TRAVIS PRESTON DEAN, SCHOOL OF THEATER 50.00 X 198778 0 21944 CHARMAGNE SHEARRILL AVP, CHRO (THRU 10/30/20) 50.00 X 199695 0 18900 THOMAS LAWSON DEAN, SCHOOL OF ART 50.00 X 176954 0 8163 KIARA BROWN SECRETARY 50.00 X 104992 0 7598 LORI HUSEIN CFO/TREASURER (FROM 1/1/21) 50.00 X 0 0 0 TIM DISNEY CHAIR OF THE BOARD 1.00 X 0 0 0 JAMES B LOVELACE VICE CHAIR 1.00 X 0 0 0 JOAN ABRAHAMSON TRUSTEE 1.00 X 0 0 0 LYNDON BARRIOS SR TRUSTEE 1.00 X 0 0 0 DAVID A BOSSERT TRUSTEE 1.00 X 0 0 0 LOUISE BRYSON TRUSTEE 1.00 X 0 0 0 TROY CARTER TRUSTEE 1.00 X 0 0 0 DON CHEADLE TRUSTEE 1.00 X 0 0 0 MEG CRANSTON ALUMNI TRUSTEE 1.00 X 0 0 0 CAROLINE CRONSON TRUSTEE 1.00 X 0 0 0 NATHAN CROW STAFF TRUSTEE 1.00 X 0 0 0 JONATHAN DOLGEN TRUSTEE 1.00 X 0 0 0 MELISSA P DRAPER TRUSTEE 1.00 X 0 0 0 DAVID I FISHER 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 KAREN HILLENBURG TRUSTEE 1.00 X 0 0 0 CHARMAINE JEFFERSON TRUSTEE 1.00 X 0 0 0 DAVID G JOHNSON TRUSTEE 1.00 X 0 0 0 JAMIE KELLNER TRUSTEE 1.00 X 0 0 0 JILL KRAUS TRUSTEE 1.00 X 0 0 0 PETER KRAUS 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 MCWILLIANS TRUSTEE 1.00 X 0 0 0 TINA PERRY TRUSTEE 1.00 X 0 0 0 TOM 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 SUSAN STEINHAUSER TRUSTEE 1.00 X 0 0 0 THERESA STREMPEK TRUSTEE 1.00 X 0 0 0 MADYSON THORNQUEST STUDENT TRUSTEE 1.00 X 0 0 0 LORRAINE WILD FACULTY TRUSTEE 1.00 X 0 0 0 IWAN WIRTH TRUSTEE 1.00 X 0 0 0 2275522 0 212120 61 0 1 0 CARRIER CORPORATION PO BOX 93844 CHICAGO IL 60673 GENERAL CONTRACTOR 485504 FC AND SONS ROOFING INC 6508 CLARA STREET BELL GARDENS CA 90201 GENERAL CONTRACTOR 355558 DICK JONES COMMUNICATIONS LLC PO BOX 546 MEADOWLANDS PA 15347 CONSULTANT 301008 ANGELES INVESTMENT ADVISORS LLC 429 SANTA MONICA BLVD 650 SANTA MONICA CA 90401 INVESTMENT ADVISORS 282658 ELLUCIAN COMPANY LP 4375 FAIR LAKES COURT FAIRFAX VA 22033 SOFTWARE CONSULTANTS 187963 9 1783930 16534041 4957960 18317971 TUITION AND FEES 611600 56587335 56587335 OTHER MISCELLANEOUS 611600 3590299 3590299 AUXILIARY ENTERPRISES 611600 52139 52139 60229773 9688718 26305 9662413 142620 0 142620 142620 142620 104174065 83963203 20210862 20210862 20210862 108589944 60229773 26305 30015895 21474685 21474685 1319686 262847 1056839 42246 42246 36794331 29212229 5875408 1706694 589195 476198 84015 28982 4190618 3411284 571718 207616 2679350 2058271 499240 121839 191619 30979 160640 134878 134878 542429 542429 3095037 1710028 1222997 162012 179728 132859 41937 4932 326463 109252 185269 31942 2284682 1317269 885571 81842 7610 7610 2748233 2059158 689075 37813 31675 6088 50 50328 27135 23193 114485 114485 3046161 2245727 800434 1377899 11143 1366756 RENTALS 361604 339617 15575 6412 HOSPITALITY 38558 22342 14622 1594 3441731 2108526 1190275 142930 85069369 67048834 15523690 2496845 1047011 1237430 43428 0 9387765 13033937 5556057 5181682 539444 570447 1050777 1829353 97788554 45940310 46664624 51848244 117329517 157114768 89142921 101015773 270761544 331831634 4573066 4459771 1045031 1062648 5329409 9740535 6203612 6418367 17151118 21681321 X 77028277 76634734 176582149 233515579 253610426 310150313 270761544 331831634 X 23520575 33045617 -26305 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 316242 21015 X FUNDRAISING PURPOSES 1 186711498 350491 62160895 3842332 6610668 238769884 183424199 5393611 4255688 2175000 4187000 186711498 178611645 1885855 8975699 2001906 4047094 183424199 160024108 9863804 14317733 1717296 3876704 178611645 136164324 6059248 23275536 1596100 3878900 160024108 0.09000 0.50000 0.41000 0 0 2677129 2677129 78698569 40478820 38219749 7348885 3370894 3977991 9063971 2090596 6973375 51848244 EQUITY SECURITIES 37717766 F PRIVATE EQUITY 39127589 F REAL ASSET FUNDS 3103294 F ABSOLU. RETURN STRATEGIES 21067124 F 101015773 DEPOSITS AND ADVANCE COLLECTIONS 2807736 ASSET RETIREMENT OBLIGATION 426938 U.S. GOVERNMENT LOANS REFUNDABLE 3183693 6418367 X 119592142 33045617 -21474685 11570932 108021210 542429 26305 568734 108589944 63052255 0 63052255 542429 21474685 22017114 85069369 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, 2021 OR JUNE 30, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID -21,474,685. PART XI, LINE 4B - OTHER ADJUSTMENTS: UBI FROM PASSTHROUGH INVESTMENTS 26,305. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 21,474,685. 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 INVESTMENTS 34249972 EAST ASIA AND THE PACIFIC INVESTMENTS 1000 0 0 0 0 0 0 34250972 0 34250972 1 0 1 1 1 0 PART III ACCOUNTING METHOD: 1 SCHOLARSHIPS AND GRANTS 1206 21197935 SEOG 151 276750 PART I, LINE 2: ACCOUNTING 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 1 1 0 0 0 0 0 0 0 RAVI RAJAN PRESIDENT 367315 0 0 0 80249 0 16746 0 21558 0 485868 0 0 0 KARLA TALAVERA ASSISTANT TREASURER (THRU 12/18/20) 185156 0 0 0 88754 0 7594 0 7664 0 289168 0 0 0 MEREDITH ROBBINS SVP, ADVANCEMENT (THRU 02/01/21) 240091 0 0 0 1150 0 6876 0 13602 0 261719 0 0 0 TRACIE COSTANTINO SVP, PROVOST 232946 0 0 0 414 0 5095 0 21558 0 260013 0 0 0 ROBERT BORDEN VP OF ENROLLMENT 186129 0 0 0 723 0 7612 0 32843 0 227307 0 0 0 MAEESHA MERCHANT TREASURER (THRU 09/01/20) 212076 0 0 0 100 0 4933 0 9434 0 226543 0 0 0 TRAVIS PRESTON DEAN, SCHOOL OF THEATER 196558 0 0 0 2220 0 8876 0 13068 0 220722 0 0 0 CHARMAGNE SHEARRILL AVP, CHRO (THRU 10/30/20) 132900 0 0 0 66795 0 5989 0 12911 0 218595 0 0 0 THOMAS LAWSON DEAN, SCHOOL OF ART 167991 0 0 0 8963 0 7877 0 286 0 185117 0 0 0 PART I, LINE 1A CALIFORNIA INSTITUTE OF THE ARTS PROVIDED A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE TO ONE OFFICER, THE VALUE OF WHICH WAS TREATED AS TAXABLE WAGES. PART I, LINES 4A-B KARLA TALAVERA AND CHARMAGNE SHERARRILL RECEIVED SEVERANCE PAYMENTS FOR CALENDER YEAR 2020 IN THE AMOUNTS OF $66,795 AND $88,754, RESPECTIVELY. THE FOLLOWING INDIVIDUALS PARTICIPATED AND RECEIVED PAYMENTS FROM A 457(F) DEFERRED COMPENSATION NONQUALIFIED RETIREMENT PLAN FOR CALENDAR YEAR 2020. MAEESHA MERCHANT $19,000 KARLA TALAVERA $19,500 MEREDITH ROBBINS $19,500 X 1 316242 FMV X 17 4641718 FMV 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS REPRESENTS THE NUMBER OF DONORS. FORM 990, PART VI, SECTION A, LINE 2 JILL KRAUS, TRUSTEE AND PETER KRAUS, TRUSTEE HAVE A FAMILY RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S BYLAWS WERE AMENDED DURING THE FISCAL YEAR AS FOLLOWS: GENERAL AMENDMENTS: FOR CONSISTENCY AND EASE OF REFERENCE, THERE ARE MINOR CHANGES, SUCH AS SHORTENING THE "BOARD OF TRUSTEES" TO THE "BOARD AND THE CORRECTION OF INTERNAL REFERENCES. OTHER AMENDMENTS: ARTICLE III, SECTION 2: ADDITION OF LANGUAGE LIMITING THE PERCENTAGE OF THE BOARD THAT CAN BE AN "INTERESTED PERSON." SPECIFICALLY, NO MORE THAN FORTY-NINE PERCENT (49%) OF THE PERSONS SERVING ON THE BOARD MAY BE "INTERESTED PERSONS." THIS LIMIT IS IN THE CALIFORNIA CORPORATIONS CODE DIVISION ON NONPROFIT CORPORATE LAW. ARTICLE III, SECTION 3: UPDATE TO REFLECT CURRENT PRACTICE REGARDING TRUSTEE TERMS. ARTICLE III, SECTION 8: ADDITION OF LANGUAGE TO REFLECT THE REQUIREMENTS IN THE GOVERNMENT CODE SPECIFICALLY THAT A VACANCY IS DEEMED TO EXIST IF A TRUSTEE IS CONVICTED OF A FELONY OR CRIME INVOLVING FRAUD, DISHONESTY, OR MORAL TURPITUDE UNDER THE LAWS OF THE UNITED STATES OR ANY STATE THEREOF. ARTICLE III, SECTION 9: EDIT TO REFLECT UPDATE IN CALIFORNIA CORPORATE LAW. ARTICLE IV, SECTION 3: PROCEDURAL CHANGES TO REFLECT MEETING NOTIFICATION REQUIREMENTS. ARTICLE IV, SECTION 5: ADDITION TO INCLUDE APPROVED LANGUAGE REGARDING QUORUM FROM THE DECEMBER 2019 BOARD MEETING, AND AN ADDITION REQUIRED BY LAW THAT PROHIBITS PROXY VOTES. ARTICLE IV, SECTION 7: ADDITION OF LANGUAGE REGARDING ACTION BY WRITTEN CONSENT. THIS LIMITATION IS IN THE CALIFORNIA CORPORATIONS CODE DIVISION ON NONPROFIT CORPORATE LAW. ARTICLE IV, SECTION 9: ADDITION TO INCLUDE APPROVED LANGUAGE REGARDING EXECUTIVE SESSION FROM DECEMBER 2019 BOARD. ARTICLE XI: ADDITION OF A NEW ARTICLE REGARDING TAX MATTERS. THIS INCLUDES PROHIBITIONS AND LIMITATIONS THAT THE INSTITUTE IS REQUIRED TO COMPLY WITH AS A 501(C)(3) UNDER THE TAX CODE. 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 OF THE BOARD REVIEWS THE TAX RETURN ON BEHALF OF THE BOARD OF TRUSTEES. THE CONTROLLER FILES THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C A LETTER IS SENT TO THE BOARD OF TRUSTEE MEMBERS, OFFICERS AND SCHOOL DEANS 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 -26,305.