Boston Architectural College
- Assets
- $41.3m
- Revenue
- $21.2m
- Investments
- $0.0
- Employees
- 532
- Location
- Boston, MA
- Founding
- 08/1935
- Data as of
- 06/2022
- EIN
- 04-2271070
Organization Overview
Boston Architectural College is located in Boston, MA. The organization was established in 1935. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2022, Boston Architectural College employed 532 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Architectural College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Boston Architectural College generated $21.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $20.4m during the year ending 06/2022. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED 131 YEARS AGO, THE BOSTON ARCHITECTURAL COLLEGE IS A RECOGNIZED INSTITUTION PROVIDING EXCELLENCE IN PRACTICE-INTEGRATED DESIGN EDUCATION TO MEMBERS OF DIVERSE COMMUNITIES WITH STUDENTS REPRESENTING 35 COUNTRIES. THE BAC OFFERS ON-SITE AND ONLINE BACHELORS AND GRADUATE DEGREES IN ARCHITECTURE, INTERIOR ARCHITECTURE, LANDSCAPE ARCHITECTURE, DESIGN STUDIES, AND CONTINUING EDUCATION. IN 2005, THE BAC BECAME THE FIRST INSTITUTION IN THE U.S. TO OFFER AN ACCREDITED ONLINE DEGREE IN ARCHITECTURE. RANKED #1 FOR BEST GRADUATE SCHOOL FOR EARNING POTENTIAL AND #4 FOR BEST ARCHITECTURE SCHOOL OFFERING BACHELOR'S DEGREES IN THE U.S. IN 2020 BY GRADREPORTS, THE BAC UPHOLDS THE IMPORTANCE OF INCLUSIVE ADMISSION, DIVERSITY, INNOVATION, DEDICATED FACULTY, AND THE INTRINSIC VALUE OF BOTH ACADEMIC AND EXPERIENTIAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BOSTON ARCHITECTURAL COLLEGE PROVIDES EXCELLENCE IN DESIGN EDUCATION EMERGING FROM PRACTICE AND ACCESSIBILITY TO DIVERSE COMMUNITIES. THE BAC FALL 2022 ENROLLMENT FOR DEGREE AND CONTINUING EDUCATION PROGRAMS WAS 584 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Nitsch Chair | OfficerTrustee | 1 | $0 |
Marilyn Swartz-Lloyd Vice Chair | OfficerTrustee | 1 | $0 |
Rodger Brown Secretary | OfficerTrustee | 1 | $0 |
Chad Dagraca Treasurer | OfficerTrustee | 1 | $0 |
James Barrett Trustee | Trustee | 1 | $0 |
Kevin Costello Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nancy Murphy Human Resource Transformation And Interi | 6/29/22 | $236,720 |
Bdo Usa Llp Consultant - Positon & Compensation Stud | 6/29/22 | $184,880 |
Capin Crouse Llp Consultant - Strategic Inititaive Projec | 6/29/22 | $124,609 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,403,069 |
| All other contributions, gifts, grants, and similar amounts not included above | $845,055 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,248,124 |
| Total Program Service Revenue | $18,188,330 |
| Investment income | $241,457 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $494,694 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,172,605 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,492,620 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $887,418 |
| Compensation of current officers, directors, key employees. | $261,906 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,187,306 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,906,830 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,540 |
| Fees for services: Accounting | $60,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $614,153 |
| Advertising and promotion | $935,197 |
| Office expenses | $166,713 |
| Information technology | $970,831 |
| Royalties | $0 |
| Occupancy | $956,334 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,222,656 |
| Insurance | $757,789 |
| All other expenses | $0 |
| Total functional expenses | $20,357,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $454,035 |
| Savings and temporary cash investments | $1,242,607 |
| Pledges and grants receivable | $843,292 |
| Accounts receivable, net | $9,856,535 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $94,814 |
| Net Land, buildings, and equipment | $17,385,617 |
| Investments—publicly traded securities | $11,379,607 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,256,507 |
| Accounts payable and accrued expenses | $1,079,257 |
| Grants payable | $0 |
| Deferred revenue | $6,986,062 |
| Tax-exempt bond liabilities | $11,764,484 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $19,829,803 |
| Net assets without donor restrictions | $11,146,899 |
| Net assets with donor restrictions | $10,279,805 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $41,256,507 |