Savannah College Of Art And Design Inc
- Assets
- $1.3b
- Revenue
- $587.0m
- Investments
- $296.5k
- Employees
- 3,207
- Location
- Savannah, GA
- Founding
- 04/1979
- Data as of
- 06/2020
- EIN
- 58-1357177
Organization Overview
Savannah College Of Art And Design Inc is located in Savannah, GA. The organization was established in 1979. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Savannah College Of Art And Design Inc employed 3,207 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Savannah College Of Art And Design Inc 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, Savannah College Of Art And Design Inc generated $587.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $434.9m during the year ending 06/2020. While expenses have increased by 3.4% 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.
Since 2015, Savannah College Of Art And Design Inc has awarded 24 individual grants totaling $3,285,500. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O FOR COMPLETE DESCRIPTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL EXPENDITURES -- THESE EXPENDITURES RELATE TO PROVIDING EDUCATION SERVICES TO MORE THAN 15,000 STUDENTS SEEKING UNDERGRADUATE AND GRADUATE DEGREES. THE UNIVERSITY OFFERS THE BACHELOR OF ARTS, BACHELOR OF FINE ARTS, MASTER OF FINE ARTS, MASTER OF ARTS, MASTER OF ARCHITECTURE, AND MASTER OF URBAN DESIGN DEGREES. THE UNIVERSITY IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES & SCHOOLS COMMISSION ON COLLEGES AND THE MASTER OF ARCHITECTURE DEGREE PROGRAM IS ADDITIONALLY ACCREDITED BY THE NATIONAL ARCHITECTURAL ACCREDITING BOARD. THE UNDERGRADUATE INTERIOR DESIGN PROGRAM IS ADDITIONALLY ACCREDITED DOMESTICALLY BY THE COUNCIL FOR INTERIOR DESIGN ACCREDITATION. APPROXIMATELY 3,400 STUDENTS GRADUATED AND WERE AWARDED DEGREES DURING THE REPORTING PERIOD.
STUDENT AID -- THE UNIVERSITY PROVIDES SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE DIRECTLY FROM THE INSTITUTION.
CAMPUS SERVICES, STUDENT HOUSING, FOOD SERVICE EXPENDITURES -- THESE EXPENDITURES REPRESENT THE COST OF SERVICES NECESSARY TO SUPPORTTHE MISSION OF THE UNIVERSITY, INCLUDING STUDENT HOUSING, DINING SERVICES AND OTHER AUXILIARY SERVICES. THE SERVICES ARE AVAILABLE TO ALL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Wallace President | Officer | 60 | $2,489,323 |
Glenn Wallace Chief Operating Officer | Officer | 50 | $723,655 |
Gokhan Ozaysin Chief Academic Officer | Officer | 50 | $666,365 |
Jeffrey Josiah Waller Chief Financial Officer | Officer | 50 | $647,007 |
Lesley Camille Hanak Chief Human Resources Officer | 50 | $463,491 | |
Bradford Grant Sr. VP For It | 50 | $455,287 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clayco Inc Construction Services | 6/29/21 | $48,886,580 |
Sunstates Security Llc Security Services | 6/29/21 | $6,445,053 |
The Kicklighter Company Construction Services | 6/29/21 | $14,032,853 |
Bon Appetit Management Company Contracted Food Service | 6/29/21 | $14,222,191 |
First Transit Inc Transportation Services | 6/29/21 | $5,969,087 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,708,788 |
| Investment income | $7,894,937 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,488,612 |
| Net Rental Income | $332,495 |
| Net Gain/Loss on Asset Sales | -$7,496,788 |
| Net Income from Fundraising Events | -$72,536 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $829,225 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $587,003,201 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $124,393,878 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,787,178 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,017,010 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,726,709 |
| Pension plan accruals and contributions | $4,314,810 |
| Other employee benefits | $20,668,529 |
| Payroll taxes | $8,734,293 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,426,601 |
| Fees for services: Accounting | $254,880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,426,281 |
| Advertising and promotion | $1,761,936 |
| Office expenses | $14,214,275 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,096,811 |
| Travel | $6,941,852 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $521,868 |
| Interest | $7,795,930 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,326,995 |
| Insurance | $3,611,388 |
| All other expenses | $0 |
| Total functional expenses | $434,933,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,415,912 |
| Savings and temporary cash investments | $118,244,889 |
| Pledges and grants receivable | $823,661 |
| Accounts receivable, net | $7,591,135 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,499,213 |
| Inventories for sale or use | $1,318,258 |
| Prepaid expenses and deferred charges | $11,029,860 |
| Investments—publicly traded securities | $320,881,295 |
| Investments—other securities | $296,527 |
| Investments—program-related | $46,574,893 |
| Intangible assets | $0 |
| Other assets | $42,889,635 |
| Total assets | $1,297,162,714 |
| Accounts payable and accrued expenses | $52,598,486 |
| Grants payable | $78,417 |
| Deferred revenue | $31,308,937 |
| Tax-exempt bond liabilities | $169,499,509 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $622,358 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,446,322 |
| Total liabilities | $260,554,029 |
| 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 | $1,036,608,685 |
Grants Awarded
Over the last fiscal year, Savannah College Of Art And Design Inc has awarded $310,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Savannah, GA PURPOSE: SUPPORT FOR OPERATIONS | $300,000 |
Washington, DC PURPOSE: SUPPORT FOR OPERATIONS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Savannah College Of Art And Design Inc has recieved totaling $520,200.
| Awarding Organization | Amount |
|---|---|
Clayco Foundation The Chicago, IL PURPOSE: SCAD DISCRETION, CLARK HALL DESIGNATION | $250,000 |
Tulsa Community Foundation Tulsa, OK PURPOSE: SCHOLARSHIP | $50,000 |
Hispanic Scholarship Fund Gardena, CA PURPOSE: TO PROVIDE SCHOLARSHIPS FOR STUDENTS | $41,713 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: EDUCATION | $25,000 |
Cfda Foundation Inc New York, NY PURPOSE: PROFESSIONAL DEVELOPMENT -- SCHOLARSHIP | $25,000 |
Cfda Foundation Inc New York, NY PURPOSE: PROFESSIONAL DEVELOPMENT -- SCHOLARSHIP | $25,000 |
Endowment Analysis
| Beg. Balance | $173,468,912 |
| Earnings | $42,268,954 |
| Net Contributions | $39,492,315 |
| Ending Balance | $255,230,181 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nova Southeastern University Inc Fort Lauderdale, FL | $1,812,347,063 | $836,787,691 |
Wake Forest University Winstonsalem, NC | $2,570,183,256 | $681,736,258 |
Emory University Decatur, GA | $308,834,835 | $526,678,235 |
Embry-Riddle Aeronautical Daytona Beach, FL | $1,265,271,185 | $616,318,485 |
Savannah College Of Art And Design Inc Savannah, GA | $1,297,162,714 | $587,003,201 |
The Corporation Of Mercer University Macon, GA | $975,470,567 | $444,048,225 |
University Of Tampa Tampa, FL | $995,322,258 | $426,783,303 |
Belmont University Nashville, TN | $1,474,473,117 | $464,356,154 |
Elon University Elon, NC | $1,076,200,947 | $374,224,853 |
Stetson University Inc DeLand, FL | $684,046,890 | $288,494,091 |
Samford University Birmingham, AL | $801,305,714 | $280,325,292 |
Campbell University Inc Buies Creek, NC | $678,742,436 | $263,777,466 |