Columbia College
- Assets
- $10.2m
- Revenue
- $19.3m
- Investments
- $0.0
- Employees
- 232
- Location
- Tarzana, CA
- Founding
- 08/1962
- Data as of
- 03/2022
- EIN
- 95-2077629
Organization Overview
Columbia College, operating under the name Columbia College Hollywood, is located in Tarzana, CA. The organization was established in 1962. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 03/2022, Columbia College Hollywood employed 232 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbia College Hollywood 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 03/2022, Columbia College Hollywood generated $19.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $19.0m during the year ending 03/2022. While expenses have increased by 13.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DUE TO THE COVID-19 PANDEMIC, CCH TAUGHT EDUCATION CLASSES MOSTLY REMOTELY AND ONLINE WITH LIMITED ON-GROUND PARTICIPATION. CCH PROVIDED FINANCIAL RELIEF TO STUDENTS THROUGH INCREMENTAL INSTITUTION SCHOLARSHIPS. CCH ALSO RETAINED THE MAJORITY OF ITS EMPLOYEES THROUGH PPP BORROWING THAT WAS 100% FORGIVEN. INSTITUTION HEERF GRANTS WERE UTILIZED TO PARTIALLY OFFSET LOST REVENUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE OF HIGHER LEARNING PROVIDING AAS AND BFA DEGREES IN CINEMA AND RECORDING ARTS RELATED FIELDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Smith President/ceo | Officer | 40 | $210,435 |
David Carter Chief Academic Officer | 40 | $157,516 | |
Ernesto Paras Sr. Vp, Operations | 40 | $130,272 | |
Patrick Olmstead Vp, Operations | 40 | $123,963 | |
Kelly Parker Vp, Student Affairs | 40 | $122,552 | |
Name Not Listed Trustee Emeritus | 0 | $20,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mechanics Bank Banking Services; Loc Fees; Interest Exp | 3/30/22 | $304,667 |
Mycontroller Llc Cfo; Financial Reporting & Technical Acc | 3/30/22 | $350,297 |
Edcura Llc Consultants; Marketing, Admissions, Fina | 3/30/22 | $3,408,356 |
Anthology Inc It Services: Student Management Software | 3/30/22 | $295,874 |
Oxnard St Lp Real Estate Rental | 3/30/22 | $267,395 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,961,838 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,469 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,047,307 |
| Total Program Service Revenue | $14,227,270 |
| Investment income | $35,371 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,320,948 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,342,450 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,023,307 |
| Compensation of current officers, directors, key employees. | $1,023,307 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,396,412 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $282,764 |
| Payroll taxes | $562,052 |
| Fees for services: Management | $1,050,000 |
| Fees for services: Legal | $271,350 |
| Fees for services: Accounting | $463,895 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,795,773 |
| Advertising and promotion | $1,115,051 |
| Office expenses | $101,773 |
| Information technology | $11,227 |
| Royalties | $0 |
| Occupancy | $431,136 |
| Travel | $15,234 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $337,264 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $919,490 |
| Insurance | $178,388 |
| All other expenses | $572,366 |
| Total functional expenses | $18,972,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,944,068 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,238,516 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $41,062 |
| Net Land, buildings, and equipment | $4,798,214 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,170,000 |
| Other assets | $36,940 |
| Total assets | $10,228,800 |
| Accounts payable and accrued expenses | $6,557,050 |
| Grants payable | $0 |
| Deferred revenue | $658,871 |
| Tax-exempt bond liabilities | $6,315,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $528,061 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $930,721 |
| Total liabilities | $14,989,703 |
| Net assets without donor restrictions | -$4,760,903 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,228,800 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Columbia College has recieved totaling $35.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $35 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pacific Union College Angwin, CA | $98,736,096 | $48,958,321 |
Menlo College Atherton, CA | $48,235,643 | $52,004,358 |
Corban University Salem, OR | $26,227,993 | $40,955,830 |
Arizona Christian University Glendale, AZ | $57,965,116 | $41,715,936 |
Simpson University Redding, CA | $52,447,499 | $43,472,556 |
American Jewish University Los Angeles, CA | $129,826,086 | $22,806,857 |
Thomas Aquinas College Santa Paula, CA | $136,623,649 | $24,709,172 |
San Diego Christian College Santee, CA | $4,048,985 | $20,357,580 |
Sierra Nevada College Incline Village, NV | $45,898,169 | $25,316,943 |
Columbia College Tarzana, CA | $10,228,800 | $19,320,948 |
University Of The People Pasadena, CA | $8,426,107 | $18,756,835 |
Foundation For Hispanic Education San Jose, CA | $9,597,564 | $17,861,109 |