Columbia College Chicago
- Assets
- $667.1m
- Revenue
- $221.3m
- Investments
- $184.9m
- Employees
- 2,760
- Location
- Chicago, IL
- Founding
- 01/1943
- Data as of
- 08/2021
- EIN
- 36-6112087
Organization Overview
Columbia College Chicago is located in Chicago, IL. The organization was established in 1943. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 08/2021, Columbia College Chicago employed 2,760 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbia College Chicago 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 08/2021, Columbia College Chicago generated $221.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $248.4m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Columbia College Chicago has awarded 30 individual grants totaling $389,818. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO EDUCATE STUDENTS FOR CREATIVE OCCUPATIONS IN DIVERSE FIELDS OF ARTS AND MEDIA.
Describe the Organization's Program Activity:
COLUMBIA COLLEGE CHICAGO (THE COLLEGE) IS A FULLY ACCREDITED NOT-FOR-PROFIT PRIVATE COLLEGE WITH MORE THAN 120 ACADEMIC PROGRAMS AND OVER 6,700 STUDENTS. COLUMBIA COLLEGE CHICAGO AWARDS UNDERGRADUATE BACHELOR OF ARTS, BACHELOR OF FINE ARTS, BACHELOR OF MUSIC AND BACHELOR OF SCIENCE DEGREES, ALONG WITH GRADUATE MASTER OF ARTS, MASTERS OF ARTS MANAGEMENT, AND MASTERS OF FINE ART DEGREES. THE COLLEGE IS ONE OF THE LARGEST AND MOST DIVERSE PRIVATE ARTS AND MEDIA COLLEGES IN THE NATION. THE COLLEGE'S INTENT IS TO EDUCATE STUDENTS WHO WILL COMMUNICATE CREATIVELY AND SHAPE THE PUBLIC PERCEPTIONS OF ISSUES AND EVENTS AND WHO WILL AUTHOR THE CULTURE OF THEIR TIMES. THE COLLEGE HAD 6,493 STUDENTS ENROLLED IN ITS UNDERGRADUATE PROGRAMS AND 243 STUDENTS ENROLLED IN ITS GRADUATE PROGRAMS. THE UNDERGRADUATE PROGRAMS ARE OFFERED IN THREE SCHOOLS WITHIN THE COLLEGE: THE SCHOOL OF FINE AND PERFORMING ARTS; THE SCHOOL OF LIBERAL ARTS & SCIENCES; AND THE SCHOOL OF MEDIA ARTS. IN FALL 2021, THE SCHOOL OF FINE AND PERFORMING ARTS HAD AN UNDERGRADUATE ENROLLMENT OF 3,268 AND A GRADUATE ENROLLMENT OF 98. THE SCHOOL OF LIBERAL ARTS AND SCIENCES HAD AN UNDERGRADUATE ENROLLMENT OF 318 AND A GRADUATE ENROLLMENT OF 58. THE SCHOOL OF MEDIA ARTS HAD AN UNDERGRADUATE ENROLLMENT OF 2,777 AND A GRADUATE ENROLLMENT OF 87. THERE WERE 130 STUDENTS WHO DID NOT HAVE AN OFFICIAL DEPARTMENT. IN THE 2020-2021 ACADEMIC YEAR, THE COLLEGE GRANTED 1,409 DEGREES. THE SCHOOL OF FINE AND PERFORMING ARTS GRANTED 673 DEGREES (637 WERE UNDERGRADUATE), THE SCHOOL OF LIBERAL ARTS AND SCIENCES GRANTED 100 DEGREES (81 WERE UNDERGRADUATE), AND THE SCHOOL OF MEDIA ARTS GRANTED 620 DEGREES (601 WERE UNDERGRADUATE). ADDITIONALLY, 16 DEGREES WERE GRANTED TO UNDERGRADUATE STUDENTS WITHOUT ENROLLMENT IN A SPECIFIC SCHOOL. THERE ARE 17 DEPARTMENTS WITH UNDERGRADUATE PROGRAMS, AND 10 DEPARTMENTS WITH GRADUATE PROGRAMS.
COLUMBIA COLLEGE CHICAGO PROVIDES HOUSING, FOOD SERVICE AND RESIDENCE LIFE PROGRAMS TO ITS STUDENTS. THE COLLEGE HAS OVER 2,000 BEDS AVAILABLE TO ITS STUDENTS IN FIVE DIFFERENT RESIDENCE CENTERS ON ITS CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Universal Protection Service Llc Security Services | 8/30/21 | $2,837,592 |
Harvard Maintenance Inc Maintenance | 8/30/21 | $2,814,862 |
Careatc On-site Healthcare Services | 8/30/21 | $1,502,170 |
Executive Construction Inc Construction | 8/30/21 | $1,481,839 |
Eab Global School Management And Administration Consultancy Services | 8/30/21 | $579,759 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $223,022 |
| Related organizations | $0 |
| Government grants | $13,092,695 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,923,077 |
| Noncash contributions included in lines 1a–1f | $637,763 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,238,794 |
| Total Program Service Revenue | $194,390,307 |
| Investment income | $2,495,077 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $29,524 |
| Net Rental Income | $67,662 |
| Net Gain/Loss on Asset Sales | $5,267,430 |
| Net Income from Fundraising Events | $74,157 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$10,812 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $221,332,415 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $64,502,906 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,662,960 |
| Compensation of current officers, directors, key employees. | $1,808,264 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,650,952 |
| Pension plan accruals and contributions | $4,217,001 |
| Other employee benefits | $13,357,715 |
| Payroll taxes | $5,053,065 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $230,479 |
| Fees for services: Accounting | $274,303 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,875,934 |
| Fees for services: Other | $13,300,238 |
| Advertising and promotion | $983,149 |
| Office expenses | $4,457,453 |
| Information technology | $6,264,680 |
| Royalties | $12,147 |
| Occupancy | $38,026,746 |
| Travel | $69,620 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $883,966 |
| Interest | $4,028,420 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,655,002 |
| Insurance | $858,697 |
| All other expenses | $0 |
| Total functional expenses | $248,370,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,500 |
| Savings and temporary cash investments | $3,950,966 |
| Pledges and grants receivable | $1,670,077 |
| Accounts receivable, net | $2,437,404 |
| 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 | $3,758,921 |
| Net Land, buildings, and equipment | $215,586,488 |
| Investments—publicly traded securities | $126,285,927 |
| Investments—other securities | $184,946,621 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $128,433,039 |
| Total assets | $667,072,943 |
| Accounts payable and accrued expenses | $19,275,705 |
| Grants payable | $0 |
| Deferred revenue | $30,447,887 |
| Tax-exempt bond liabilities | $71,551,769 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,053,273 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $130,085,133 |
| Total liabilities | $259,413,767 |
| Net assets without donor restrictions | $387,537,109 |
| Net assets with donor restrictions | $20,122,067 |
| 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 | $667,072,943 |
Grants Awarded
Over the last fiscal year, Columbia College Chicago has awarded $20,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: SUPPORT OF COMMUNITY | $5,000 |
ART EXPOSITIONS LLC PURPOSE: SUPPORT OF COMMUNITY | $5,000 |
Chicago, IL PURPOSE: SUPPORT OF COMMUNITY | $5,000 |
ART EXPOSITIONS LLC PURPOSE: SUPPORT OF COMMUNITY | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that Columbia College Chicago has recieved totaling $814,794.
| Awarding Organization | Amount |
|---|---|
Travis Foundation New York, NY PURPOSE: SCHOLARSHIPS | $295,500 |
Central Indiana Community Foundation Inc Indianapolis, IN PURPOSE: 2021-2022 MoCP exhibition support | $125,000 |
Walter And Karla Goldschmidt Foundation Glencoe, IL PURPOSE: ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $68,000 |
William F Harnisch Foundation Inc East Quogue, NY PURPOSE: WABASH ARTS CORRIDOR FUND | $45,000 |
Martha & Donald Farley Family Foundation Pennington, NJ PURPOSE: GENERAL OPEARTING | $45,000 |
Endowment Analysis
| Beg. Balance | $201,677,414 |
| Earnings | $42,790,089 |
| Net Contributions | $564,039 |
| Other Expense | $9,083,269 |
| Grants | $333,749 |
| Ending Balance | $235,614,524 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Columbia College Chicago Chicago, IL | $667,072,943 | $221,332,415 |
Indiana Wesleyan University Marion, IN | $535,078,455 | $212,201,058 |
Trustees Of Grinnell College Grinnell, IA | $3,450,447,819 | $273,975,826 |
Depauw University Greencastle, IN | $1,044,669,443 | $170,125,801 |
Concordia University Inc Mequon, WI | $163,946,113 | $168,516,078 |
Wheaton College Wheaton, IL | $1,105,725,018 | $280,776,360 |
Berea College Berea, KY | $1,637,313,850 | $205,202,087 |
Augustana College Rock Island, IL | $426,442,517 | $147,587,977 |
Marian University Indianapolis, IN | $323,995,376 | $176,218,802 |
Carroll University Inc Waukesha, WI | $261,882,162 | $140,965,442 |
Campbellsville University Inc Campbellsville, KY | $197,242,279 | $142,326,474 |
Luther College Decorah, IA | $330,055,480 | $125,968,312 |