San Francisco Art Institute
- Assets
- $51.1m
- Revenue
- $7.7m
- Investments
- $4.0m
- Employees
- 351
- Location
- San Francisco, CA
- Founding
- 10/1926
- Data as of
- 06/2021
- EIN
- 94-1196211
Organization Overview
San Francisco Art Institute is located in San Francisco, CA. The organization was established in 1926. 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, San Francisco Art Institute employed 351 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Francisco 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, San Francisco Art Institute generated $7.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.4%) each year. All expenses for the organization totaled $12.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (13.7%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SFAI EDUCATES COLLEGE STUDENTS THROUGH IMMERSIVE STUDIO AND CRITICAL THINKING PEDAGOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAN FRANCISCO ART INSTITUTE PROVIDES POST-SECONDARY EDUCATION OFFERING VARIOUS PROGRAMS INCLUDING PHOTOGRAPHY, FILMMAKING, PAINTING, PRINTMAKING, CERAMICS, SCULPTURE, AND SIMILAR COURSES. THE INSTITUTE PROVIDES SCHOLARSHIPS, GRANTS AND AWARDS TO STUDENTS TO ASSIST IN THE PAYMENTS OF STUDENT EDUCATION COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amory Sharpe VP Of Institutional Advancement | Officer | 40 | $193,029 |
Jennifer Rissler Chief Academic Officer | Officer | 40 | $180,780 |
Mark Kushner Interim Coo, CFO And General Counsel | Officer | 65 | $131,250 |
Jeremy Stone Trustee | Trustee | 1 | $0 |
Pam Rorke Levy Chair | Trustee | 1 | $0 |
Chris Lim Secretary | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jane Reisman Contractor For Reorganization | 6/29/18 | $164,686 |
Feldstein Co Llc Contractor For Advancement | 6/29/18 | $156,692 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,895,274 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,683,523 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,578,797 |
| Total Program Service Revenue | $1,982,118 |
| Investment income | $191,629 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,988 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,740,556 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $707,082 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $978,340 |
| Compensation of current officers, directors, key employees. | $610,621 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,420,418 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $365,058 |
| Payroll taxes | $210,283 |
| Fees for services: Management | $69,126 |
| Fees for services: Legal | $591,689 |
| Fees for services: Accounting | $317,177 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $52,762 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,133,486 |
| Advertising and promotion | $32,452 |
| Office expenses | $178,714 |
| Information technology | $271,453 |
| Royalties | $0 |
| Occupancy | $1,124,826 |
| Travel | $3,529 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,533 |
| Interest | $1,002,362 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $822,922 |
| Insurance | $516,928 |
| All other expenses | $62,841 |
| Total functional expenses | $12,283,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $902,667 |
| Savings and temporary cash investments | $57,182 |
| Pledges and grants receivable | $482,079 |
| Accounts receivable, net | $238,284 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,562,250 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,345 |
| Net Land, buildings, and equipment | $24,273,173 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,963,771 |
| Investments—program-related | $9,557,500 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $51,051,251 |
| Accounts payable and accrued expenses | $1,541,497 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $19,726,953 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,546,805 |
| Total liabilities | $22,815,255 |
| Net assets without donor restrictions | $21,791,541 |
| Net assets with donor restrictions | $6,444,455 |
| 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 | $51,051,251 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that San Francisco Art Institute has recieved totaling $337,917.
| Awarding Organization | Amount |
|---|---|
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT CONSERVATION, DIGITIZATION, RESEARCH, ENGAGEMENT, AND PLANNING RELATED TO THE SCHOOL'S MONUMENTAL PUBLIC DIEGO RIVERA FRESCO | $200,000 |
Brooks-Mathews Foundation Fremont, CA PURPOSE: SUPPORT GENERAL PURPOSES | $100,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,750 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,141 |
10129 Foundation San Francisco, CA PURPOSE: PROVIDE STUDENTS WITH A RIGOROUS EDUCATION IN FINE ARTS AND PREPARATION FOR A LIFE IN THE ARTS. | $5,000 |
Endowment Analysis
| Beg. Balance | $6,276,220 |
| Earnings | $214,662 |
| Other Expense | $2,000,867 |
| Grants | $526,244 |
| Ending Balance | $3,963,771 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pacific Northwest College Of Art Portland, OR | $0 | $27,274,890 |
Southern California Institute Of Architecture Los Angeles, CA | $93,582,078 | $34,168,253 |
University Of The Nations Kona Inc Kailuakona, HI | $41,462,726 | $30,442,287 |
Laguna College Of Art And Design Laguna Beach, CA | $40,411,200 | $27,797,338 |
Alder Graduate School Of Education Redwood City, CA | $28,171,479 | $26,265,610 |
Brandman University Irvine, CA | $117,908,819 | $1,094,598 |
Associated Students Of The University Of Ca Santa Barbara Santa Barbara, CA | $8,921,011 | $13,694,895 |
San Francisco Art Institute San Francisco, CA | $51,051,251 | $7,740,556 |
Sierra Educational Advancement Corporation Valencia, CA | $2,438,956 | $5,700,199 |
Bethel School Of Technology Redding, CA | $1,032,039 | $5,145,995 |
Kyiv School Of Economics Oakland, CA | $2,958,400 | $4,507,691 |
Bay Area Educational Institute Berkeley, CA | $4,013,827 | $3,524,642 |