Columbia College Chicago
- Assets
- $525.2m
- Revenue
- $239.2m
- Investments
- $165.0m
- Employees
- 2,870
- Location
- Chicago, IL
- Founding
- 01/1943
- Data as of
- 08/2023
- 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 08/2023, Columbia College Chicago employed 2,870 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 08/2023, Columbia College Chicago generated $239.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $267.2m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Columbia College Chicago has awarded 40 individual grants totaling $489,670. 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
2023
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 6,500 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, SHAPING PUBLIC PERCEPTIONS OF ISSUES AND EVENTS AND AUTHORING THE CULTURE OF THEIR TIMES. THE COLLEGE HAD 6,344 STUDENTS ENROLLED IN ITS UNDERGRADUATE PROGRAMS AND 185 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. COLUMBIA COLLEGE CHICAGO CONSISTS OF THREE SCHOOLS: FINE AND PERFORMING ARTS, LIBERAL ARTS AND SCIENCES AND MEDIA ARTS. IN FALL 2023, THE SCHOOL OF FINE AND PERFORMING ARTS HAD AN UNDERGRADUATE ENROLLMENT OF 3,280 AND A GRADUATE ENROLLMENT OF 86. THE SCHOOL OF LIBERAL ARTS AND SCIENCES HAD AN UNDERGRADUATE ENROLLMENT OF 331 AND A GRADUATE ENROLLMENT OF 29. THE SCHOOL OF MEDIA ARTS HAD AN UNDERGRADUATE ENROLLMENT OF 2,565 AND A GRADUATE ENROLLMENT OF 70. THERE WERE 168 STUDENTS WHO DID NOT HAVE AN OFFICIAL DEPARTMENT. IN THE 2022-2023 ACADEMIC YEAR, THE COLLEGE GRANTED 1,405 DEGREES. THE SCHOOL OF FINE AND PERFORMING ARTS GRANTED 682 DEGREES (637 WERE UNDERGRADUATE), THE SCHOOL OF LIBERAL ARTS AND SCIENCES GRANTED 119 DEGREES (90 WERE UNDERGRADUATE), AND THE SCHOOL OF MEDIA ARTS GRANTED 604 DEGREES (576 WERE UNDERGRADUATE). THERE ARE 17 DEPARTMENTS WITH UNDERGRADUATE PROGRAMS, AND 9 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 Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed President And Ceo, Trustee, Ex-Officio | OfficerTrustee | 40 | $917,705 |
Name Not Listed Vice Chair - Partial Year / Trustee - Partial Year | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee - Partial Year | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pepper Construction Company General Contractor | 8/30/23 | $3,792,147 |
Universal Protection Service Llc Security Services | 8/30/23 | $3,270,644 |
Harvard Maintenance Inc Maintenance And Cleaning | 8/30/23 | $2,577,655 |
Careatc On-site Healthcare Services | 8/30/23 | $898,315 |
Berglund Construction Company General Contractor | 8/30/23 | $1,319,503 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $956,445 |
| Related organizations | $0 |
| Government grants | $7,481,385 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,006,567 |
| Noncash contributions included in lines 1a–1f | $552,994 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,444,397 |
| Total Program Service Revenue | $219,577,126 |
| Investment income | $3,672,378 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $13,103 |
| Net Rental Income | $110,953 |
| Net Gain/Loss on Asset Sales | $4,951,856 |
| Net Income from Fundraising Events | -$125,542 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,545 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $239,170,569 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,750 |
| Grants and other assistance to domestic individuals. | $78,370,822 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,810,888 |
| Compensation of current officers, directors, key employees. | $1,871,739 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,552,828 |
| Pension plan accruals and contributions | $4,086,558 |
| Other employee benefits | $14,350,361 |
| Payroll taxes | $5,365,701 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $480,131 |
| Fees for services: Accounting | $295,249 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $71,031 |
| Fees for services: Investment Management | $1,951,785 |
| Fees for services: Other | $13,576,852 |
| Advertising and promotion | $2,159,635 |
| Office expenses | $4,268,089 |
| Information technology | $6,274,437 |
| Royalties | $12,844 |
| Occupancy | $36,170,996 |
| Travel | $1,377,725 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,049,275 |
| Interest | $3,516,179 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,251,927 |
| Insurance | $1,147,075 |
| All other expenses | $0 |
| Total functional expenses | $267,151,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,500 |
| Savings and temporary cash investments | $6,768,607 |
| Pledges and grants receivable | $1,922,435 |
| Accounts receivable, net | $2,113,355 |
| 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 | $3,065,536 |
| Net Land, buildings, and equipment | $207,133,456 |
| Investments—publicly traded securities | $55,990,925 |
| Investments—other securities | $165,007,740 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83,222,830 |
| Total assets | $525,230,384 |
| Accounts payable and accrued expenses | $22,338,089 |
| Grants payable | $0 |
| Deferred revenue | $21,645,972 |
| Tax-exempt bond liabilities | $69,393,405 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,780,654 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $85,779,758 |
| Total liabilities | $204,937,878 |
| Net assets without donor restrictions | $301,067,227 |
| Net assets with donor restrictions | $19,225,279 |
| 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 | $525,230,384 |
Grants Awarded
Over the last fiscal year, Columbia College Chicago has awarded $10,750 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FILTER PHOTO NFP PURPOSE: Festival Sponsorship | $5,750 |
GRANT PARK ORCHESTRAL ASSOCIATION PURPOSE: Festival contribution | $5,000 |