Kansas City Art Institute
- Assets
- $165.1m
- Revenue
- $43.9m
- Investments
- $70.9m
- Employees
- 297
- Location
- Kansas City, MO
- Founding
- 03/1939
- Data as of
- 06/2022
- 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 06/2022, Kansas City Art Institute employed 297 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 06/2022, Kansas City Art Institute generated $43.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $42.0m during the year ending 06/2022. While expenses have increased by 4.5% per year over the past 7 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
2022
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 719 FALL (2021) FTE AND 667 SPRING (2022) 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 | $296,994 |
Bambi Burgard Evp Academic Affairs | Officer | 40 | $167,343 |
Brian Henke CFO / Evp Administration | Officer | 40 | $162,153 |
Nicolle Ratliff Evp Advancement | Officer | 40 | $157,791 |
Milton Katz VP Academic Affairs | 40 | $142,614 | |
Gina Golba VP And Dean Of Students | 40 | $111,650 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Al Huber Inc General Contractor | 6/29/22 | $443,240 |
Great Western Dining Services Dining Services | 6/29/22 | $904,125 |
Winbury Realty Of Kc Llc Real Estate Manager | 6/29/22 | $558,116 |
Diamond Merckens Hogan Website Development | 6/29/22 | $202,985 |
Hi-gene's Janitorial Service Janitorial | 6/29/22 | $365,008 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $607,649 |
| Related organizations | $0 |
| Government grants | $4,107,685 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,535,118 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,250,452 |
| Total Program Service Revenue | $31,720,705 |
| Investment income | $345,877 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,736 |
| Net Rental Income | $23,982 |
| Net Gain/Loss on Asset Sales | $606,136 |
| Net Income from Fundraising Events | -$125,503 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $60,553 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,890,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $16,984,736 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,078,134 |
| Compensation of current officers, directors, key employees. | $754,694 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,425,381 |
| Pension plan accruals and contributions | $295,304 |
| Other employee benefits | $1,798,630 |
| Payroll taxes | $752,564 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $176,720 |
| Fees for services: Accounting | $87,880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $23,200 |
| Fees for services: Investment Management | $174,277 |
| Fees for services: Other | $1,846,440 |
| Advertising and promotion | $103,578 |
| Office expenses | $882,359 |
| Information technology | $563,394 |
| Royalties | $0 |
| Occupancy | $1,540,722 |
| Travel | $135,765 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $69,383 |
| Interest | $1,118,770 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,091,782 |
| Insurance | $349,243 |
| All other expenses | $1,235,493 |
| Total functional expenses | $42,024,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,901,076 |
| Savings and temporary cash investments | $1,132,732 |
| Pledges and grants receivable | $3,360,702 |
| Accounts receivable, net | $517,702 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $213,963 |
| Prepaid expenses and deferred charges | $320,672 |
| Net Land, buildings, and equipment | $78,146,805 |
| Investments—publicly traded securities | $1,091,542 |
| Investments—other securities | $70,942,941 |
| Investments—program-related | $766,903 |
| Intangible assets | $0 |
| Other assets | $3,671,335 |
| Total assets | $165,066,373 |
| Accounts payable and accrued expenses | $2,051,908 |
| Grants payable | $0 |
| Deferred revenue | $1,008,275 |
| Tax-exempt bond liabilities | $24,116,902 |
| 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 | $947,351 |
| Total liabilities | $28,124,436 |
| Net assets without donor restrictions | $59,212,594 |
| Net assets with donor restrictions | $77,729,343 |
| 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 | $165,066,373 |