Laguna College Of Art And Design is located in Laguna Beach, CA. The organization was established in 1966. 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, Laguna College Of Art And Design employed 427 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laguna College Of Art And Design 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, Laguna College Of Art And Design generated $27.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $24.3m during the year ending 06/2021. While expenses have increased by 7.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE A COLLEGE OF ART OFFERING BACHELOR'S AND MASTER'S DEGREES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAGUNA COLLEGE OF ART AND DESIGN IS A FULLY ACCREDITED FOUR YEAR COLLEGE WITH A CURRENT ENROLLMENT OF APPROXIMATELY 682 STUDENTS IN THE UNDERGRADUATE PROGRAM. LAGUNA COLLEGE AWARDS A BACHELOR OF FINE ARTS DEGREE WITH MAJORS IN DRAWING AND PAINTING, GRAPHIC DESIGN, GAME ART, ILLUSTRATION, AND ANIMATION. LAGUNA COLLEGE ALSO PROVIDES A MASTERS OF FINE ARTS DEGREE IN PAINTING, WITH A CURRENT ENROLLMENT OF APPROXIMATELY _17_ STUDENTS AND A MASTER IN FINE ARTS PROGRAM IN THE ART OF GAME WITH APPORXIMATELY 10 STUDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jonathan Burke President | OfficerTrustee | 37.5 | $310,207 |
Helene Garrison Coo, VP Of Academic Affair | Officer | 37.5 | $249,438 |
James Godek CFO | Officer | 37.5 | $219,490 |
Christopher Brown VP Of Enrollment Managemen | Officer | 37.5 | $171,344 |
Matthew Morton Chief Information Officer | Officer | 37.5 | $159,845 |
Nicole Lesher Associate Provost | 37.5 | $149,438 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
A-1 Building Maintenance Clean Interior Of Buildings | 6/29/21 | $137,597 |
Lpa Inc Architects | 6/29/21 | $367,503 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $152,463 |
Related organizations | $0 |
Government grants | $2,507,483 |
All other contributions, gifts, grants, and similar amounts not included above | $2,251,376 |
Noncash contributions included in lines 1a–1f | $75,719 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,911,322 |
Total Program Service Revenue | $22,895,469 |
Investment income | $4,772 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $1,258 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$15,483 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $27,797,338 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $6,458,863 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $9,142,851 |
Pension plan accruals and contributions | $289,140 |
Other employee benefits | $701,650 |
Payroll taxes | $722,160 |
Fees for services: Management | $0 |
Fees for services: Legal | $138,240 |
Fees for services: Accounting | $63,369 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $24,000 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $245,226 |
Advertising and promotion | $162,745 |
Office expenses | $87,804 |
Information technology | $573,903 |
Royalties | $0 |
Occupancy | $1,236,200 |
Travel | $16,836 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $12,270 |
Interest | $437,165 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,641,311 |
Insurance | $381,652 |
All other expenses | $564,498 |
Total functional expenses | $24,299,538 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,964,657 |
Savings and temporary cash investments | $29,825 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $98,436 |
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 | $761,164 |
Net Land, buildings, and equipment | $20,082,626 |
Investments—publicly traded securities | $0 |
Investments—other securities | $14,064,358 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $410,134 |
Total assets | $40,411,200 |
Accounts payable and accrued expenses | $1,905,202 |
Grants payable | $0 |
Deferred revenue | $125,220 |
Tax-exempt bond liabilities | $13,407,843 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $40,477 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $15,478,742 |
Net assets without donor restrictions | $21,339,301 |
Net assets with donor restrictions | $3,593,157 |
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 | $40,411,200 |
Over the last fiscal year, we have identified 2 grants that Laguna College Of Art And Design has recieved totaling $11,000.
Awarding Organization | Amount |
---|---|
Linda I Smith Foundation Costa Mesa, CA PURPOSE: GENERAL USE - EDUCATION | $8,500 |
Mashhoon Family Foundation Vernon, CA PURPOSE: PROMOTE HIGHER EDUCATION | $2,500 |
Beg. Balance | $2,995,660 |
Earnings | $990,886 |
Net Contributions | $10,134,262 |
Other Expense | $56,450 |
Ending Balance | $14,064,358 |
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 |