College For Creative Studies
- Assets
- $255.6m
- Revenue
- $81.2m
- Investments
- $32.1m
- Employees
- 1,024
- Location
- Detroit, MI
- Founding
- 01/1957
- Data as of
- 06/2020
- EIN
- 38-1550064
Organization Overview
College For Creative Studies is located in Detroit, MI. The organization was established in 1957. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, College For Creative Studies employed 1,024 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College For Creative Studies 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, College For Creative Studies generated $81.2m 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 $84.9m during the year ending 06/2020. While expenses have increased by 3.1% 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
THE COLLEGE FOR CREATIVE STUDIES IS A PRIVATE COLLEGE OFFERING A BACHELOR OF FINE ARTS DEGREE IN 13 DIFFERENT MAJORS AND MASTER OF FINE ARTS DEGREES IN FOUR MAJORS. CCS IS AN ACCREDITED INSTITUTIONAL MEMBER OF THE NATIONAL ASSOCIATION OF SCHOOLS OF ART AND DESIGN AND IS ACCREDITED BY THE HIGHER LEARNING COMMISSION OF THE NORTH CENTRAL ASSOCIATION. THE COLLEGE ENROLLED 1,400 STUDENTS IN DEGREE SEEKING PROGRAMS. THE COLLEGE ALSO OFFERS NON-CREDIT COURSES IN THE VISUAL ARTS THROUGH ITS CONTINUING EDUCATION PROGRAMS AND ANNUALLY PROVIDES OVER 3,000 DETROIT YOUTH WITH ART AND DESIGN EDUCATION THROUGH PARTNERSHIP PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE LEVEL ENVIRONMENT IN ART AND DESIGN. AVERAGE ENROLLMENT WAS 1380 IN DEGREE SEEKING PROGRAMS AND 112 IN CONTINUING EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald L Tuski PHD President | OfficerTrustee | 40 | $376,906 |
Anne D Beck VP Of Administration And Finance | Officer | 40 | $280,313 |
Teresa Lareau VP Of Institutional Advancement | Officer | 40 | $228,372 |
Julie Hingelberg VP Of Enrollment & Student Services | Officer | 40 | $208,056 |
Paul Snyder Associate Professor Of Transportation Design | 40 | $196,127 | |
Timothy Flattery Dean Of Undergraduate Studies | 40 | $195,279 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Universal Security Services Security Services | 6/29/21 | $1,525,080 |
Continental Cafe Llc Food Service | 6/29/21 | $1,248,082 |
Albert M Higley Llc Construction Services | 6/29/21 | $2,686,114 |
Dell Marketing Lp Computer Equipment | 6/29/21 | $776,978 |
Foremost Communications Print And Distribution Services | 6/29/21 | $623,327 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,608,261 |
| Investment income | $426,812 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,492,022 |
| Net Gain/Loss on Asset Sales | -$349,093 |
| Net Income from Fundraising Events | -$243,327 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $220,563 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $81,212,922 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $26,251,687 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,459,145 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,206,185 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,754,742 |
| Pension plan accruals and contributions | $1,211,633 |
| Other employee benefits | $2,425,137 |
| Payroll taxes | $1,483,460 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $155,009 |
| Fees for services: Accounting | $173,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $336,089 |
| Fees for services: Other | $2,320,585 |
| Advertising and promotion | $1,123,476 |
| Office expenses | $2,254,966 |
| Information technology | $946,061 |
| Royalties | $0 |
| Occupancy | $6,149,319 |
| Travel | $620,863 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $169,729 |
| Interest | $1,772,696 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,276,311 |
| Insurance | $392,775 |
| All other expenses | $0 |
| Total functional expenses | $84,949,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,512 |
| Savings and temporary cash investments | $29,224,371 |
| Pledges and grants receivable | $2,427,986 |
| Accounts receivable, net | $2,353,557 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $440,335 |
| Prepaid expenses and deferred charges | $1,828,329 |
| Investments—publicly traded securities | $41,175,638 |
| Investments—other securities | $32,069,432 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $255,607,237 |
| Accounts payable and accrued expenses | $5,857,290 |
| Grants payable | $0 |
| Deferred revenue | $387,487 |
| Tax-exempt bond liabilities | $37,111,337 |
| 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 | $479,758 |
| Total liabilities | $43,835,872 |
| 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 | $211,771,365 |
Grants Recieved
Over the last fiscal year, we have identified 45 grants that College For Creative Studies has recieved totaling $8,700,768.
| Awarding Organization | Amount |
|---|---|
Edward C And Linda Dresner Levy Foundation Reston, VA PURPOSE: FOR THE "LINDA DRESNER ENDOWED CHAIR OF FASHION DESIGN" | $2,000,000 |
Kresge Foundation Troy, MI PURPOSE: TO CONTRIBUTE TO THE VIBRANCY OF DETROIT COMMUNITIES BY PROVIDING CRITICAL SUPPORT TO INDIVIDUAL ARTISTS IN THE TRI-COUNTY REGION. | $1,823,000 |
Kresge Foundation Troy, MI PURPOSE: TO CONTRIBUTE TO THE VIBRANCY OF DETROIT COMMUNITIES BY PROVIDING CRITICAL SUPPORT TO INDIVIDUAL ARTISTS IN THE TRI-COUNTY REGION. | $1,625,000 |
Benson & Edith Ford Fund Detroit, MI PURPOSE: PROGRAM SERVICES | $600,000 |
Kresge Foundation Troy, MI PURPOSE: TO PROVIDE GENERAL OPERATING FUNDS FOR DESIGN CORE DETROIT IN SUPPORT OF ITS MISSION TO POSITION DETROIT AS A GLOBAL SOURCE OF CREATIVE TALENT AND TO STRENGTHEN AND PROMOTE DETROIT'S DESIGN-DRIVEN BUSINESSES. | $250,000 |
Kresge Foundation Troy, MI PURPOSE: TO PROVIDE GENERAL OPERATING FUNDS FOR DESIGN CORE DETROIT IN SUPPORT OF ITS MISSION TO POSITION DETROIT AS A GLOBAL SOURCE OF CREATIVE TALENT AND TO STRENGTHEN AND PROMOTE DETROIT'S DESIGN-DRIVEN BUSINESSES. | $250,000 |
Endowment Analysis
| Beg. Balance | $76,285,464 |
| Earnings | $33,045,172 |
| Net Contributions | $232,947 |
| Other Expense | $4,391,440 |
| Grants | $178,091 |
| Ending Balance | $104,994,052 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oberlin College Oberlin, OH | $1,432,118,020 | $305,531,376 |
Denison University Granville, OH | $1,502,847,785 | $275,909,448 |
Indiana Wesleyan University Marion, IN | $535,078,455 | $212,201,058 |
Depauw University Greencastle, IN | $1,044,669,443 | $170,125,801 |
Hillsdale College Hillsdale, MI | $1,230,310,896 | $287,422,849 |
Concordia University Inc Mequon, WI | $163,946,113 | $168,516,078 |
College Of Wooster Wooster, OH | $694,683,910 | $184,916,713 |
Hope College Holland, MI | $493,947,019 | $161,551,169 |
Ohio Northern University Ada, OH | $417,060,447 | $166,164,613 |
The Cedarville University Cedarville, OH | $257,715,774 | $182,725,706 |
Kenyon College Gambier, OH | $1,026,131,356 | $159,022,032 |
Marian University Indianapolis, IN | $323,995,376 | $176,218,802 |