Otis College Of Art And Design
- Assets
- $107.4m
- Revenue
- $66.0m
- Investments
- $757.3k
- Employees
- 1,036
- Location
- Los Angeles, CA
- Founding
- 11/1979
- Data as of
- 06/2020
- EIN
- 13-2981115
Organization Overview
Otis College Of Art And Design is located in Los Angeles, CA. The organization was established in 1979. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2021, Otis College Of Art And Design employed 1,036 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Otis College Of Art And Design 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 06/2020, Otis College Of Art And Design generated $66.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $67.2m during the year ending 06/2020. While expenses have increased by 3.6% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OTIS COLLEGE OF ART AND DESIGN IS A WASC ACCREDITED COLLEGE SPECIALIZING IN ART AND DESIGN EDUCATION, OFFERING BOTH GRADUATE AND UNDERGRADUATE DEGREES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OTIS PREPARES DIVERSE STUDENTS OF ART AND DESIGN TO ENRICH OUR WORLD THROUGH THEIR CREATIVITY, THEIR SKILL, AND THEIR VISION. THE COLLEGE OFFERS AN INTERDISCIPLINARY EDUCATION FOR APPROXIMATELY 1,100 FULL-TIME STUDENTS, AWARDING ACCREDITED BFA DEGREES IN ARCHITECTURE/LANDSCAPE/ INTERIORS, COMMUNICATION ARTS, DIGITAL MEDIA, FASHION DESIGN, FINE ARTS, PRODUCT DESIGN, AND TOY DESIGN; AND MFA DEGREES IN FINE ARTS, GRAPHIC DESIGN, AND WRITING. CONTINUING EDUCATION OFFERS CERTIFICATE PROGRAMS AS WELL AS PERSONAL AND PROFESSIONAL DEVELOPMENT COURSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Lavender End 33121 Interim President | Officer | 37.5 | $286,286 |
Charles Joseph Hirschhorn Start 41 President | Officer | 37.5 | $284,333 |
David Valentine Vp, Financial Services | Officer | 37.5 | $204,535 |
Ankush Mahindra Vp, It And Operations | Officer | 37.5 | $173,650 |
Patrick Mahany Vp, Institutional Advancement | Officer | 37.5 | $169,583 |
Julie Spencer Student Health Director/physician | 37.5 | $166,276 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bon Appetit Management Company Food Service Provider | 6/29/21 | $870,252 |
All Care Industries Inc Janitroial Services | 6/29/21 | $554,829 |
Typecraft Inc Design Services | 6/29/21 | $172,681 |
Moss Adams Llp Professional Services | 6/29/21 | $122,245 |
Educational Travel Adventures Student Travel Services | 6/29/21 | $159,367 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,583,352 |
| Investment income | $983,399 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$75,282 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,971,720 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $17,687,273 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,274,567 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,400,811 |
| Pension plan accruals and contributions | $1,314,225 |
| Other employee benefits | $3,127,272 |
| Payroll taxes | $1,809,325 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $172,763 |
| Fees for services: Accounting | $127,654 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $122,666 |
| Fees for services: Other | $1,382,661 |
| Advertising and promotion | $105,080 |
| Office expenses | $3,213,552 |
| Information technology | $2,021,963 |
| Royalties | $0 |
| Occupancy | $1,791,748 |
| Travel | $706,906 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $82,223 |
| Interest | $1,041,523 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,870,243 |
| Insurance | $312,745 |
| All other expenses | $0 |
| Total functional expenses | $67,186,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,391,276 |
| Savings and temporary cash investments | $3,028,276 |
| Pledges and grants receivable | $150,050 |
| Accounts receivable, net | $467,857 |
| 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 | $1,059,329 |
| Investments—publicly traded securities | $27,733,081 |
| Investments—other securities | $757,289 |
| Investments—program-related | $46,163 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $107,442,066 |
| Accounts payable and accrued expenses | $5,575,881 |
| Grants payable | $0 |
| Deferred revenue | $4,370,506 |
| Tax-exempt bond liabilities | $31,214,287 |
| 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 | $6,352,531 |
| Total liabilities | $47,513,205 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $59,928,861 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Otis College Of Art And Design has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Steven Paul Friedman Foundation Okemos, MI PURPOSE: COLLEGE SCHOLARSHIPS | $1,000 |
Endowment Analysis
| Beg. Balance | $19,785,040 |
| Earnings | $6,070,816 |
| Other Expense | $674,364 |
| Grants | $623,588 |
| Ending Balance | $24,557,904 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Roseman University Of Health Sciences A Nevada Non-Profit Corp Henderson, NV | $331,227,679 | $100,313,649 |
Otis College Of Art And Design Los Angeles, CA | $107,442,066 | $65,971,720 |
Pacific Northwest College Of Art Portland, OR | $0 | $27,274,890 |
Southern California Institute Of Architecture Los Angeles, CA | $93,582,078 | $34,168,253 |
University Of The Nations Kona Inc Kailuakona, HI | $41,462,726 | $30,442,287 |
Laguna College Of Art And Design Laguna Beach, CA | $40,411,200 | $27,797,338 |
Alder Graduate School Of Education Redwood City, CA | $28,171,479 | $26,265,610 |
Brandman University Irvine, CA | $117,908,819 | $1,094,598 |
Associated Students Of The University Of Ca Santa Barbara Santa Barbara, CA | $8,921,011 | $13,694,895 |
San Francisco Art Institute San Francisco, CA | $51,051,251 | $7,740,556 |
Sierra Educational Advancement Corporation Valencia, CA | $2,438,956 | $5,700,199 |
Bethel School Of Technology Redding, CA | $1,032,039 | $5,145,995 |