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 06/2022, Laguna College Of Art And Design employed 405 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 06/2022, Laguna College Of Art And Design generated $27.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $25.7m during the year ending 06/2022. While expenses have increased by 7.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 680 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 _19_ STUDENTS AND A MASTER IN FINE ARTS PROGRAM IN THE ART OF GAME WITH APPORXIMATELY 8 STUDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gerard Stripling Trustee | Trustee | 0 | $0 |
Hasty Honarkar Trustee | Trustee | 0 | $0 |
Jared Mathis Trustee | Trustee | 0 | $0 |
Kathryn Burton Gray Trustee | Trustee | 0 | $0 |
Kenneth Ussenko Trustee | Trustee | 0 | $0 |
Lisa Dallendorfer Trustee | Trustee | 5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Dbac Inc Construction Company | 6/29/22 | $484,164 |
Lpa Inc Architects | 6/29/22 | $429,631 |
A-1 Building Maintenance Clean Interior Of Buildings | 6/29/22 | $145,519 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $262,893 |
Related organizations | $0 |
Government grants | $1,905,106 |
All other contributions, gifts, grants, and similar amounts not included above | $1,455,292 |
Noncash contributions included in lines 1a–1f | $67,292 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,623,291 |
Total Program Service Revenue | $23,992,584 |
Investment income | $784 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $686 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$144,935 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $27,472,410 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $6,390,736 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,243,258 |
Compensation of current officers, directors, key employees. | $576,598 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $9,354,044 |
Pension plan accruals and contributions | $283,009 |
Other employee benefits | $704,887 |
Payroll taxes | $828,223 |
Fees for services: Management | $0 |
Fees for services: Legal | $206,481 |
Fees for services: Accounting | $54,587 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $11,250 |
Fees for services: Investment Management | $47,039 |
Fees for services: Other | $187,114 |
Advertising and promotion | $209,204 |
Office expenses | $178,357 |
Information technology | $664,577 |
Royalties | $0 |
Occupancy | $1,326,812 |
Travel | $56,048 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $48,260 |
Interest | $420,836 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,562,732 |
Insurance | $463,321 |
All other expenses | $708,759 |
Total functional expenses | $25,682,218 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,742,224 |
Savings and temporary cash investments | $29,828 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $363,955 |
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 | $874,201 |
Net Land, buildings, and equipment | $20,198,883 |
Investments—publicly traded securities | $0 |
Investments—other securities | $12,407,951 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $400,289 |
Total assets | $40,017,331 |
Accounts payable and accrued expenses | $2,018,290 |
Grants payable | $0 |
Deferred revenue | $97,455 |
Tax-exempt bond liabilities | $12,912,438 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $21,645 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $15,049,828 |
Net assets without donor restrictions | $21,081,652 |
Net assets with donor restrictions | $3,885,851 |
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 | $40,017,331 |