Kansas City Art Institute
- Assets
- $176.1m
- Revenue
- $52.7m
- Investments
- $47.4m
- Employees
- 607
- Location
- Kansas City, MO
- Founding
- 03/1939
- Data as of
- 06/2021
- EIN
- 44-0546278
Organization Overview
Kansas City Art Institute is located in Kansas City, MO. The organization was established in 1939. 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, Kansas City Art Institute employed 607 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kansas City Art Institute 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 06/2021, Kansas City Art Institute generated $52.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $42.4m during the year ending 06/2021. While expenses have increased by 5.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MISSION: PREPARE GIFTED STUDENTS TO TRANSFORM THE WORLD CREATIVELY THROUGH ART AND DESIGN. VISION: TO BE AN INNOVATIVE LEADER IN ART AND DESIGN EDUCATION.
Describe the Organization's Program Activity:
THE COLLEGE PROVIDED EDUCATIONAL PROGRAMS TO APPROXIMATELY 694 FALL (2020) FTE AND 640 SPRING (2021) FTE BACHELOR OF FINE ARTS DEGREE-SEEKING STUDENTS. THE INSTITUTE ALSO PROVIDED FINANCIAL AID TO STUDENTS IN THE FORM OF SCHOLARSHIPS AND GRANTS.
THE COLLEGE PROVIDED CONTINUING AND PROFESSIONAL EDUCATION COURSES FOR BOTH DEGREE AND NON-DEGREE SEEKING STUDENTS FOR SUMMER (ADULT AND CHILDREN) CLASSES AND PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Jones President | Officer | 40 | $297,308 |
Bambi Burgard Evp Academic Affairs | Officer | 40 | $166,644 |
Nicolle Ratliff Evp Advancement | Officer | 40 | $157,621 |
Milton Katz VP Academic Affairs | 40 | $141,293 | |
Emily Hess VP Adv & General Counsel | 40 | $117,995 | |
Gina Golba VP & Dean Of Students | 40 | $111,641 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Al Huber Inc General Contractor | 6/29/21 | $10,201,913 |
Je Dunn Construction Company Construction Company | 6/29/21 | $5,691,153 |
Winbury Realty Of Kc Llc Real Estate Managers | 6/29/21 | $528,905 |
Mccown Gordon Construction Llc Construction Company | 6/29/21 | $4,530,560 |
Great Western Dining Services Dining Services | 6/29/21 | $517,529 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $318,852 |
| Related organizations | $0 |
| Government grants | $3,730,525 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,960,168 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,009,545 |
| Total Program Service Revenue | $29,669,536 |
| Investment income | $368,156 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,542 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,740,966 |
| Net Income from Fundraising Events | -$83,051 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $20,690 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,746,007 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,342,904 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $897,797 |
| Compensation of current officers, directors, key employees. | $628,458 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,375,245 |
| Pension plan accruals and contributions | $379,350 |
| Other employee benefits | $1,906,740 |
| Payroll taxes | $736,827 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $142,253 |
| Fees for services: Accounting | $124,026 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $31,317 |
| Fees for services: Investment Management | $205,909 |
| Fees for services: Other | $1,548,152 |
| Advertising and promotion | $88,937 |
| Office expenses | $2,005,193 |
| Information technology | $950,998 |
| Royalties | $0 |
| Occupancy | $424,241 |
| Travel | $45,787 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,482 |
| Interest | $1,085,311 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,113,646 |
| Insurance | $317,153 |
| All other expenses | $763,514 |
| Total functional expenses | $42,447,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,496,824 |
| Savings and temporary cash investments | $1,315,539 |
| Pledges and grants receivable | $3,551,426 |
| Accounts receivable, net | $992,441 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $150,947 |
| Prepaid expenses and deferred charges | $209,339 |
| Net Land, buildings, and equipment | $80,663,771 |
| Investments—publicly traded securities | $34,224,374 |
| Investments—other securities | $47,379,813 |
| Investments—program-related | $925,781 |
| Intangible assets | $0 |
| Other assets | $4,163,790 |
| Total assets | $176,074,045 |
| Accounts payable and accrued expenses | $1,899,064 |
| Grants payable | $0 |
| Deferred revenue | $3,067,941 |
| Tax-exempt bond liabilities | $24,194,802 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,411,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,672,057 |
| Total liabilities | $32,245,364 |
| Net assets without donor restrictions | $56,519,932 |
| Net assets with donor restrictions | $87,308,749 |
| 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 | $176,074,045 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kansas City Art Institute has recieved totaling $70,994.
| Awarding Organization | Amount |
|---|---|
F M Bernardin Charitable Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $60,994 |
Sms Foundation Inc Madison, WI PURPOSE: EDUCATE THE ARTISTS AND DESIGNERS OF TOMORROW | $10,000 |
Endowment Analysis
| Beg. Balance | $69,816,380 |
| Earnings | $15,326,603 |
| Admin Expense | $205,909 |
| Net Contributions | $571,166 |
| Other Expense | $3,904,053 |
| Ending Balance | $81,604,187 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For The International Education Of Students Chicago, IL | $83,294,554 | $91,386,482 |
Kansas City Art Institute Kansas City, MO | $176,074,045 | $52,746,007 |
Higher Learning Commission Chicago, IL | $30,215,357 | $14,566,348 |
Lincoln Christian University Lincoln, IL | $26,403,234 | $11,063,987 |
Kansas Leadership Center Inc Wichita, KS | $16,454,854 | $20,243,839 |
Richmont Graduate University Chattanooga, TN | $8,373,056 | $7,234,181 |
Memphis College Of Art Memphis, TN | $723,329 | $5,588,063 |
Northeastern State University Foundation Inc Tahlequah, OK | $45,168,633 | $4,906,328 |
Institute For American Universities Batavia, IL | $0 | $2,168,286 |
Kentucky Mountain Bible College Incorporated Jackson, KY | $9,330,725 | $2,960,534 |
Illini Media Company Champaign, IL | $660,510 | $954,260 |
Kansas Independent College Foundation Topeka, KS | $1,415,604 | $1,116,903 |