Savannah College Of Art And Design Inc
- Assets
- $1.6b
- Revenue
- $622.4m
- Investments
- $296.5k
- Employees
- 3,095
- Location
- Savannah, GA
- Founding
- 04/1979
- Data as of
- 06/2022
- 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 06/2022, Savannah College Of Art And Design Inc employed 3,095 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 06/2022, Savannah College Of Art And Design Inc generated $622.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $515.6m during the year ending 06/2022. While expenses have increased by 5.4% 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.
Since 2015, Savannah College Of Art And Design Inc has awarded 24 individual grants totaling $3,483,000. 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
2022
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 16,000 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 |
|---|---|---|---|
Garry Brown Trustee | Trustee | 2 | $0 |
Robert L Nardelli Trustee | Trustee | 2 | $0 |
Lucy Cookson Trustee | Trustee | 2 | $0 |
Anita Thomas Trustee | Trustee | 2 | $0 |
John G Kennedy III Trustee | Trustee | 2 | $0 |
Stuart Saunders Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clayco Inc Construction Services | 6/29/22 | $81,232,794 |
Je Dunn Construction Company Construction Services | 6/29/22 | $27,091,745 |
Bon Appetit Management Company Contracted Food Service | 6/29/22 | $19,949,139 |
Sunstates Security Llc Security Services | 6/29/22 | $10,447,804 |
First Transit Inc Transportation Services | 6/29/22 | $9,152,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $44,200 |
| Related organizations | $0 |
| Government grants | $12,119,594 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,898,344 |
| Noncash contributions included in lines 1a–1f | $3,084,376 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,062,138 |
| Total Program Service Revenue | $633,227,948 |
| Investment income | $11,138,580 |
| Tax Exempt Bond Proceeds | $24,476 |
| Royalties | $0 |
| Net Rental Income | $1,090,108 |
| Net Gain/Loss on Asset Sales | -$45,739,482 |
| Net Income from Fundraising Events | -$49,640 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,179,716 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $622,387,162 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $335,130 |
| Grants and other assistance to domestic individuals. | $149,772,967 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,011,769 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,308,461 |
| Compensation of current officers, directors, key employees. | $5,299,107 |
| Compensation to disqualified persons | $137,225 |
| Other salaries and wages | $131,008,733 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,088,027 |
| Payroll taxes | $9,567,523 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,077,563 |
| Fees for services: Accounting | $259,573 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,370,137 |
| Advertising and promotion | $1,756,017 |
| Office expenses | $15,598,494 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,300,250 |
| Travel | $7,175,081 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $634,821 |
| Interest | $10,264,461 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,526,090 |
| Insurance | $5,246,686 |
| All other expenses | $8,675,294 |
| Total functional expenses | $515,629,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,955,049 |
| Savings and temporary cash investments | $75,370,541 |
| Pledges and grants receivable | $1,939,382 |
| Accounts receivable, net | $7,205,198 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,329,699 |
| Inventories for sale or use | $1,200,265 |
| Prepaid expenses and deferred charges | $11,806,481 |
| Net Land, buildings, and equipment | $910,642,509 |
| Investments—publicly traded securities | $456,699,942 |
| Investments—other securities | $296,527 |
| Investments—program-related | $50,004,950 |
| Intangible assets | $0 |
| Other assets | $46,471,100 |
| Total assets | $1,625,921,643 |
| Accounts payable and accrued expenses | $59,735,928 |
| Grants payable | $85,081 |
| Deferred revenue | $29,374,011 |
| Tax-exempt bond liabilities | $185,773,482 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $13,982,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,298,176 |
| Total liabilities | $294,249,178 |
| Net assets without donor restrictions | $1,298,677,413 |
| Net assets with donor restrictions | $32,995,052 |
| 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 | $1,625,921,643 |
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 |
|---|---|
LUCAS THEATRE FOR THE ARTS INC PURPOSE: SUPPORT FOR OPERATIONS | $300,000 |
NATIONAL MUSUEUM OF WOMEN IN THE ARTS PURPOSE: SUPPORT FOR OPERATIONS | $10,000 |