2025-09-03T09:43:37-05:00 2025-05-31 410746749 CLIFTONLARSONALLEN LLP 2001 16TH STREET SUITE 1700 DENVER CO 80202 990 2024-06-01 910916534 CORNISH COLLEGE OF THE ARTS CORN 2067265020 1000 LENORA STREET SEATTLE WA 98121 CHERYL WYNNE INTERIM CFO 2067265020 2025-08-28 1 1 REBECCA DETTMANN CPA P01408585 3037795710 2025-08-26 2024 2025-03-06 01:10:19Z EMILY PARKHURST 1000 LENORA STREET SEATTLE WA 98121 31104393 0 X WWW.CORNISH.EDU X 1914 WA AN ACCREDITED FOUR YEAR COLLEGE OFFERING BACCALAUREATE DEGREES IN THE PERFORMING AND VISUAL ARTS. 9 9 571 65 0 0 2051271 3903738 18774933 20736442 749047 4685545 469624 47181 22044875 29372906 6339474 6738526 0 0 12522395 12965305 0 0 499961 12247927 10625093 31109796 30328924 -9064921 -956018 77670840 72401541 31145974 26688723 46524866 45712818 X THE MISSION OF CORNISH COLLEGE OF THE ARTS IS TO PROVIDE STUDENTS ASPIRING TO BECOME PRACTICING ARTISTS WITH ANEDUCATIONAL PROGRAM OF THE HIGHEST POSSIBLE QUALITY, IN AN ENVIRONMENT, THAT NURTURES CREATIVITY AND INTELLECTUALCURIOSITY, WHILE PREPARING THEM TO CONTRIBUTE TO SOCIETY AS ARTISTS, CITIZENS, AND INNOVATORS. 0 0 24156232 6738526 20736442 AN ACCREDITED FOUR-YEAR COLLEGE OFFERING BACCALAUREATE DEGREES IN THE PERFORMING AND VISUAL ARTS. 488 STUDENTS ATTENDED CORNISH COLLEGE IN THE 2024 FALL SEMESTER AND 437 STUDENTS ATTENDED IN THE 2025 SPRING SEMESTER. IN FY 2024/2025, 68 STUDENTS GRADUATED. IN ADDITION, THE EXTENSIONS PROGRAMS KNOWN AS CORNISH+, OFFERED NEW STUDIO-BASED CLASSES, YOUTH PROGRAMS AND STUDENT PERFORMANCES TO 278 PARTICIPANTS. 24156232 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 654 0 1 571 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X X CHERYL WYNNE 2067265020 1000 LENORA ST SEATTLE WA 98121 RAYMOND TYMAS-JONES PRESIDENT (THRU 07/24) 40.00 0.50 X 390735 0 25694 EMILY PARKHURST INTERIM PRESIDENT (AS OF 07/24) 40.00 0.50 X X 114299 0 8826 DEBORAH TREEN VP FINANCE & BUDGET,CFO (THRU 12/24) 40.00 0.50 X 217904 0 22903 CHERYL WYNNE INTERIM CFO (AS OF 12/24) 40.00 0.50 X 51754 0 0 BRIAN HARLAN PROVOST (THRU 05/25) 40.00 0.00 X 151620 0 15331 JAMES FALZONE ACADEMIC DEAN (THRU 05/25) 40.00 0.00 X 130694 0 27621 SYDNEY JANSEN DIRECTOR OF ADVANCEMENT (THRU 05/25) 40.00 0.00 X 150450 0 5723 BRITTANY HENDERSON DEAN OF STUDENT AFFAIRS (THRU 05/25) 40.00 0.00 X 113397 0 11600 LINDA KOA CHAIR 4.00 0.00 X X 0 0 0 MARIANNE FRANCIS VICE CHAIR 4.00 0.00 X X 0 0 0 MICHAEL FORTIN TREASURER 4.00 0.00 X X 0 0 0 KARL MOEHRING SECRETARY 4.00 0.00 X X 0 0 0 JOSEPH ROSA SECRETARY (THRU 07/24) 4.00 0.00 X X 0 0 0 CARIE ANTONELLI TRUSTEE (THRU 07/24) 1.50 0.00 X 0 0 0 MICHAEL BARTLEY TRUSTEE 1.50 0.00 X 0 0 0 GARY FLUHRER TRUSTEE 1.50 0.00 X 0 0 0 JEFF LEHMAN TRUSTEE 1.50 0.00 X 0 0 0 MARGE LEVY TRUSTEE 1.50 0.00 X 0 0 0 GINNY MCCORMICK TRUSTEE (THRU 07/24) 1.50 0.00 X 0 0 0 LORI NOTO TRUSTEE (THRU 07/24) 1.50 0.00 X 0 0 0 SHERRY RAISBECK TRUSTEE EMERITUS (THRU 06/24) 1.50 0.00 X 0 0 0 LISA SCRIBANTE TRUSTEE 1.50 0.00 X 0 0 0 MICHELE SMITH TRUSTEE (THRU 07/24) 1.50 0.00 X 0 0 0 1320853 0 117698 8 0 1 0 ALLIED UNIVERSAL SECURITY PO BOX 31001-2374 PASADENA CA 911102374 SECURITY SERVICES 626641 CORE EDUCATION SERVICES PBC 201 NORTH UNION STREET SUITE 110 ALEXANDRIA VA 22314 ADMISSIONS/ENROLLMENT CONSULTING 540186 FAEGRE DRINKER BIDDLE & REATH LLP 320 S CANAL STREET SUITE 3300 CHICAGO IL 60606 LEGAL SERVICES 440913 BON APPTIT MANAGEMENT CO PO BOX 417632 BOSTON MA 022417632 FOOD SERVICE/MEALS/CATERING 300750 COCM STUDENT HOUSING PROFESSIONALS 1500 URBAN CENTER DRIVE SUITE 400 BIRMINGHAM AL 35242 STUDENT HOUSING MANAGEMENT 297916 8 183690 171153 3548895 46911 3903738 TUITION AND FEES 611610 19371518 19371518 STUDENT HOUSING 611610 1265666 1265666 PARKING REVENUE 812930 64139 64139 PERFORMANCE REVENUES 611610 35119 35119 20736442 307032 307032 51771 110000 -58229 -58229 -58229 6000000 1621487 4378513 4378513 4378513 OTHER REVENUE 900099 90143 90143 INSURANCE SETTLEMENT 900099 9918 9918 COMMISSION REVENUE 722514 5349 5349 105410 29372906 20736442 0 4732726 6575528 6575528 162998 162998 983017 311617 587549 83851 9649458 8073475 1327856 248127 315969 255957 50923 9089 1175474 942899 197695 34880 841387 665116 150181 26090 217590 105019 109076 3495 518749 250372 260046 8331 8565 8565 19403 19403 2924298 1433672 1442919 47707 140535 69388 69019 2128 474611 239594 228081 6936 835621 631682 197564 6375 10899 8239 2577 83 611477 435395 170578 5504 199939 96500 100228 3211 31796 15346 15939 511 921808 848063 73745 2195432 2019797 175635 198215 149839 46864 1512 HOUSING & MEALS 381997 184369 191493 6135 BAD DEBT 272296 272296 JANITORIAL SUPPLIES 242718 137121 102859 2738 MAINTENANCE/REPAIRS 230624 174339 54526 1759 188520 97611 89410 1499 30328924 24156232 5672731 499961 1787400 461641 4154 3451 1315465 1023753 1917090 333903 158185 199 393800 307037 77441637 26563046 52815958 50878591 7791893 8610992 11486895 10781974 77670840 72401541 1587584 1681581 247018 269554 8323000 4223000 7593523 7905213 13394849 12609375 31145974 26688723 X 35619868 36015826 10904998 9696992 46524866 45712818 77670840 72401541 -956018 143970 0 X 0 0 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X EDUCATION 0 12824898 10300 711877 505000 149760 12892315 11063722 491544 1713563 432640 11291 12824898 10761937 995590 -264064 415770 13971 11063722 10898426 1053853 -771205 392610 26527 10761937 8878995 25970 2424191 404464 26266 10898426 0.00000 0.74650 0.25350 0 1 1 15778823 15778823 51449857 19208437 32241420 1877465 844764 1032701 6887224 5490904 1396320 1448268 1018941 429327 50878591 BOND ISSUANCE COSTS, NET 59799 RIGHT OF USE ASSET - OPERATING 4798425 RIGHT OF USE ASSET - FINANCING 5923750 10781974 RENTAL DEPOSITS 203000 LEASE LIABILITY - OPERATING 6887012 LEASE LIABILITY - FINANCING 5519363 12609375 PART III, LINE 4: VARIOUS WORKS OF ART INCLUDING PAINTINGS, SKETCHES, AND PRINTS FOR THE EDUCATION OF STUDENTS AND FOR PUBLIC DISPLAY. PART V, LINE 4: ENDOWMENT FUNDS ARE HELD AND PRESERVED AT THE FAIR VALUE OF THE ORIGINAL GIFT WITH THE EARNINGS AWARDED AS SCHOLARSHIP AND PROGRAM RELATED ACTIVITIES AS STIPULATED BY THE DONOR. 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 ORGANIZATION'S RACIALLY NONDISCRIMINATORY POLICY IS ON ITS HOME PAGE. SCHEDULE E, PART I, LINE 6 CORNISH RECEIVES FINANCIAL ASSISTANCE FROM THE US DEPARTMENT OF EDUCATION IN CONNECTION WITH VARIOUS PROGRAMS SUCH AS WORK STUDY PROGRAMS AND THE FSEOG GRANT PROGRAM. THE COLLEGE ALSO RECEIVES ASSISTANCE FROM THE STATE OF WASHINGTON THROUGH THE COLLEGE WORK STUDY PROGRAM AND THE WASHINGTON BUILDING FOR THE ARTS PROGRAM. 0 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 SCHOLARSHIPS N/A 36120 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 SCHOLARSHIPS N/A 6210 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 SCHOLARSHIPS N/A 30656 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 CONTRIBUTIONS RECEIVED N/A SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 SCHOLARSHIPS N/A 26656 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 SCHOLARSHIPS N/A 49660 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 SCHOLARSHIPS N/A 13696 0 0 0 0 0 0 162998 0 162998 SCHOLARSHIPS AND TUITION DISCOUNTS EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 3 36120 OTHER 0 N/A N/A SCHOLARSHIPS AND TUITION DISCOUNTS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 6210 OTHER 0 N/A N/A SCHOLARSHIPS AND TUITION DISCOUNTS NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 2 30656 OTHER 0 N/A N/A SCHOLARSHIPS AND TUITION DISCOUNTS SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 1 26656 OTHER 0 N/A N/A SCHOLARSHIPS AND TUITION DISCOUNTS SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 3 49660 OTHER 0 N/A N/A SCHOLARSHIPS AND TUITION DISCOUNTS SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 1 13696 OTHER 0 N/A N/A 0 0 0 0 0 0 PART I, LINE 2: THE COLLEGE'S FINANCIAL AID OFFICE AWARDS SCHOLARSHIPS TO STUDENTS BASED ON ELIGIBILITY CRITERIA PREDETERMINED BY DONORS AND COLLEGE POLICIES. ALL AWARDS ARE APPLIED TO TUITION AND RELATED EXPENSES ONLY. PART II: THE ORGANIZATION USED THE ACCRUAL METHOD OF ACCOUNTING TO ACCOUNT FOR SCHOLARSHIPS AND TUITION DISCOUNTS IN PART I COLUMN (F) AND PART III COLUMN (D) AND (F). 1 TUITION EXCHANGE 6 200190 N/A N/A MERIT SCHOLARSHIPS 486 4391265 N/A N/A ENDOWED SCHOLARSHIPS 95 501685 N/A N/A RESTRICTED SCHOLARSHIPS 16 74095 N/A N/A HOUSING GRANTS 163 1178012 N/A N/A TUITION WAIVER 26 230281 N/A N/A PART I, LINE 2: THE COLLEGE'S FINANCIAL AID OFFICE AWARDS SCHOLARSHIPS TO STUDENTS BASED ON ELIGIBILITY CRITERIA PREDETERMINED BY DONORS AND COLLEGE POLICIES. ALL AWARDS ARE APPLIED TO TUITION AND RELATED EXPENSES ONLY. X X X 1 0 0 0 0 0 0 1 0 RAYMOND TYMAS-JONES PRESIDENT (THRU 07/24) 263964 0 32000 0 94771 0 11720 0 13974 0 416429 0 0 0 DEBORAH TREEN VP FINANCE & BUDGET,CFO (THRU 12/24) 182850 0 0 0 35054 0 8319 0 14584 0 240807 0 0 0 BRIAN HARLAN PROVOST (THRU 05/25) 149870 0 0 0 1750 0 0 0 15331 0 166951 0 0 0 JAMES FALZONE ACADEMIC DEAN (THRU 05/25) 130250 0 0 0 444 0 5855 0 21766 0 158315 0 0 0 SYDNEY JANSEN DIRECTOR OF ADVANCEMENT (THRU 05/25) 146273 0 0 0 4177 0 2027 0 3696 0 156173 0 0 0 PART I, LINE 4A NAME: RAYMOND TYMAS-JONES, DESCRIPTION: SEVERANCE, CURRENT YEAR AMOUNT: $59,225. PLAN DESCRIPTION: BASED ON SIGNED SEPARATION AGREEMENT. PART I, LINE 7 THE ORGANIZATION PAID OUT BONUSES IN 2023 AS FOLLOWS FOR PERSONS LISTED ON THE FORM 990, PART VII, SECTION A: RAYMOND TYMAS-JONES............$ 32,000 A WASHINGTON HIGHER EDUCATION FACILITIES 911306482 2010-12-01 20323000 FINANCING AND REFINANCING COSTS ASSOCIATED WITH THE COLLEGE'S FACILITIES 0 0 0 A 16100000 20323000 202371 20120629 2010 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 1 KEYBANK NATIONAL 10.000000000000 0 0 0 0 1 A 1 X OFFICE FURNITURE/TECH 1 41111 FMV X SUPPLIES 1 5800 FMV 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS WAS USED IN PART I. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE BEEN GRANTED AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE ORGANIZATIONS INDEPENDENT CPA WITH INFORMATION PROVIDED BY MANAGEMENT. A COPY OF THE 990 WAS REVIEWED BY THE CFO AND PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C AS REQUIRED BY THE COLLEGE'S CONFLICT OF INTEREST POLICY, BOARD MEMBERS COMPLETE AN ANNUAL SURVEY THAT IS REVIEWED BY THE BOARD AND THE OFFICERS OF THE COLLEGE. THE BOARD'S TRUSTEESHIP AND GOVERNANCE COMMITTEE IS RESPONSIBLE FOR OVERSIGHT AND ENFORCEMENT OF CONFLICT OF INTEREST POLICIES AND PROCEDURES. ANY POTENTIAL CONFLICTS OF INTEREST ARE REPORTED TO THE AUDIT COMMITTEE FOR DETERMINATION OF WHETHER A CONFLICT OF INTEREST EXISTS AND ANY APPROPRIATE ACTIONS THAT ARE NEEDED AS A RESULT. IF A CONFLICT EXISTS, THE BOARD SHALL DETERMINE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN CORNISH'S BEST INTEREST, THEN THE BOARD SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED TRUSTEES WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15A A SUBCOMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE PRESIDENT'S PERFORMANCE AND DETERMINES COMPENSATION. THE COMMITTEE UTILIZES PEER SALARY SURVEYS AND OTHER RESEARCH IN DETERMINING THE PRESIDENT'S SALARY. DOCUMENTATION OF THE SUBCOMMITTEE DELIBERATION AND RECOMMENDATION IS HELD BY THE COLLEGE'S OFFICE OF HUMAN RESOURCES. THIS PROCESS WAS LAST COMPLETED IN 2024. THE PRESIDENT ANNUALLY REVIEWS OFFICERS' PERFORMANCES AND DETERMINES COMPENSATION. SALARY SURVEYS AND OTHER RESEARCH ARE USED IN DETERMINING COMPENSATION FOR OFFICERS. THIS PROCESS WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. CORNISH FOUNDATION 1000 LENORA ST SEATTLE WA 98121 912105614 ENDOWED SCHOLARSHIPS WA 501(C)(3) LINE 12A, I CORNISH COLLEGE OF THE ARTS 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 CORNISH FOUNDATION C 183690 CASH