California Institute Of The Arts

Organization Overview

California Institute Of The Arts is located in Valencia, CA. The organization was established in 1963. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, California Institute Of The Arts employed 1,908 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Institute Of The Arts 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, California Institute Of The Arts generated $122.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $106.5m during the year ending 06/2022. While expenses have increased by 3.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

CALARTS OFFERS VARIOUS DEGREES IN ART, CRITICAL STUDIES, DANCE, FILM/VIDEO, MUSIC AND THEATER. SEE PART III LINE 1 FOR FURTHER DETAIL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INSTRUCTION: INSTITUTE OFFERS BFAS, MFAS, MA AND DMAS IN BOTH THE VISUAL AND PERFORMING ARTS AND IS DEDICATED TO TRAINING AND NURTURING THE NEXT GENERATION OF ARTISTS. EMPHASIS IS PLACED ON NEW AND EXPERIMENTAL WORK AND STUDENTS ARE ADMITTED SOLELY ON THE BASIS OF ARTISTIC ABILITY. TO ENCOURAGE INNOVATION AND MULTI-DISCIPLINARY COLLABORATION, CALARTS SIX SCHOOLS - ART, CRITICAL STUDIES, DANCE, FILM/VIDEO, MUSIC AND THEATER - ARE ALL HOUSED UNDER ONE ROOF. DURING THE 2022/23 ACADEMIC YEAR, THE INSTITUTE ENROLLED 1,440 STUDENTS.


OTHER MISCELLANEOUS


ACADEMIC SUPPORT: EXPENDITURES PRIMARILY INCLUDE THOSE TO PROVIDE SUPPORT FOR INSTRUCTION - PROVOST OFFICE, LIBRARY, REDCAT ETC.


STUDENT SERVICES: PRIMARY PURPOSE OF EXPENDITURE IS TO CONTRIBUTE TO THE STUDENTS' EMOTIONAL AND PHYSICAL WELLBEING AND TO THEIR SOCIAL DEVELOPMENT OUTSIDE OF THE FORMAL INSTRUCTIONAL PROGRAM, INCLUDES ADMISSIONS, REGISTRAR AND FINANCIAL AID.


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Board, Officers & Key Employees

Name (title)Compensation
Ravi Rajan
President
$450,374
James B Lovelace
Vice Chair
$0
David A Bossert
Trustee
$0
Tina Perry
Trustee
$0
David Johnson
Trustee
$0
Don Cheadle
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Gilbane Building Company
Flood Restoration
$3,970,540
Gfi Construction Inc
Campus Contstruction
$1,388,406
Hammel Green And Abrahamson Inc
Architecture
$1,266,505
Jon K Takata Corporation
Asbestos Removal
$1,169,416
Fidelity Security Service
Campus Security Services
$655,230
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,459,062
All other contributions, gifts, grants, and similar amounts not included above$7,285,407
Noncash contributions included in lines 1a–1f $115,165
Total Revenue from Contributions, Gifts, Grants & Similar$10,744,469
Total Program Service Revenue$81,426,233
Investment income $9,579,048
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $143,313
Net Gain/Loss on Asset Sales $18,075,440
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $122,829,598

Peer Organizations

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