2023-04-17T21:00:10-05:00 2022-06-30 910189318 MOSS ADAMS LLP 21700 OXNARD ST STE 300 WOODLAND HILLS CA 91367 990 2021-07-01 956102146 CALIFORNIA INSTITUTE OF THE ARTS CALI 6612551050 24700 MCBEAN PARKWAY VALENCIA CA 91355 LORI HUSEIN SVP/CFO/TREASURER 6612551050 2023-04-06 1 LORI HUSEIN 999009999 LAUREN A HAVERLOCK P00545829 8185771900 2023-04-06 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z RAVI RAJAN 24700 MCBEAN PARKWAY VALENCIA CA 91355 268447782 0 X WWW.CALARTS.EDU X 1961 CA CALARTS OFFERS VARIOUS DEGREES IN ART, CRITICAL STUDIES, DANCE, FILM/VIDEO, MUSIC AND THEATER. SEE PART III LINE 1 FOR FURTHER DETAIL. 30 30 1681 50 186685 175899 18317971 10744469 60229773 81426233 29899580 27654488 142620 3004408 108589944 122829598 21474685 25853253 0 0 45615426 52059798 0 0 3376886 17979258 28599371 85069369 106512422 23520575 16317176 331831634 340656404 21681321 54570562 310150313 286085842 X CALARTS IS A MULTIDISCIPLINARY COMMUNITY OF ARTISTS. OUR ONGOING EDUCATIONAL ENDEAVOR IS GROUNDED IN OPENNESS, EXPERIMENTATION, CRITICAL ENGAGEMENT, AND CREATIVE FREEDOM. THROUGH ARTISTIC PRACTICE, WE TRANSFORM OURSELVES, EACH OTHER, AND THE WORLD. 0 0 67753466 25656906 77124922 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 2021/22 ACADEMIC YEAR, THE INSTITUTE ENROLLED 1437 STUDENTS. 11239105 485301 ACADEMIC SUPPORT: EXPENDITURES PRIMARILY INCLUDE THOSE TO PROVIDE SUPPORT FOR INSTRUCTION - PROVOST OFFICE, LIBRARY, REDCAT ETC. 10141310 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. 177303 196347 3816010 OTHER MISCELLANEOUS 177303 196347 3816010 89311184 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 2066 0 1 1681 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 0 1 1 CA X BERNADETTE HEREDIA 6612537851 24700 MCBEAN PARKWAY VALENCIA CA 91355 JOAN ABRAHAMSON TRUSTEE 1.00 X 0 0 0 LYNDON BARRIOS SR TRUSTEE 1.00 X 0 0 0 DAVID A BOSSERT TRUSTEE 1.00 X 0 0 0 TROY CARTER TRUSTEE 1.00 X 0 0 0 DON CHEADLE TRUSTEE 1.00 X 0 0 0 CLARISSA CRAWFORD TRUSTEE 1.00 X 0 0 0 CAROLINE CRONSON TRUSTEE 1.00 X 0 0 0 WESTLEY GARCIA ENCINES STAFF TRUSTEE 1.00 X 0 0 0 NATHAN CROW ALUMNI TRUSTEE 1.00 X 0 0 0 TIM DISNEY CHAIR OF THE BOARD 1.00 X X 0 0 0 JONATHAN DOLGEN TRUSTEE 1.00 X 0 0 0 DAVID I FISHER TRUSTEE 1.00 X 0 0 0 RODRIGO GARCIA TRUSTEE 1.00 X 0 0 0 RICK HASKINS TRUSTEE 1.00 X 0 0 0 KAREN HILLENBURG TRUSTEE 1.00 X 0 0 0 CHARMAINE JEFFERSON TRUSTEE 1.00 X 0 0 0 DAVID G JOHNSON TRUSTEE 1.00 X 0 0 0 THOMAS LLOYD TRUSTEE 1.00 X 0 0 0 JAMIE ALTER LYNTON TRUSTEE 1.00 X 0 0 0 JAMES B LOVELACE VICE CHAIR 1.00 X X 0 0 0 GREG MCWILLIAMS TRUSTEE 1.00 X 0 0 0 TINA PERRY TRUSTEE 1.00 X 0 0 0 TOM ROTHMAN TRUSTEE 1.00 X 0 0 0 DAVID L SCHIFF TRUSTEE 1.00 X 0 0 0 MICHAEL SKLOFF TRUSTEE 1.00 X 0 0 0 SUSAN STEINHAUSER TRUSTEE 1.00 X 0 0 0 THERESA STREMPEK TRUSTEE 1.00 X 0 0 0 JORDYN ROSS STUDENT TRUSTEE 1.00 X 0 0 0 CAULEEN SMITH FACULTY TRUSTEE 1.00 X 0 0 0 IWAN WIRTH TRUSTEE 1.00 X 0 0 0 RAVI RAJAN PRESIDENT 50.00 X 452086 0 39433 TRACIE COSTANTINO SVP, PROVOST 50.00 X 235669 0 32865 LORI HUSEIN SVP/CFO/TREASURER 50.00 X 253768 0 27045 KIARA BROWN SECRETARY 50.00 X 105093 0 12188 NATALIE ADAMS VP AND CHIEF ADVANCEMENT OFFICER 50.00 X 208939 0 26898 TRAVIS PRESTON DEAN, SCHOOL OF THEATER 50.00 X 200788 0 22583 VOLKER STRAEBEL DEAN, SCHOOL OF MUSIC 50.00 X 186136 0 14241 ALLAN CHEN VP IT AND CHIEF TECHNOLOGY OFFICER 50.00 X 194885 0 26680 MICHAEL WORTHINGTON CO DIRECTOR, SCHOOL OF ART 50.00 X 180505 0 28100 2017869 0 230033 62 0 1 0 JON K TAKATA CORPORATION - RESTORATION 4142 POINT EDEN WAY HAYWARD CA 94545 ASBESTOS REMOVAL 1429386 CARRIER CORPORATION PO BOX 93844 CHICAGO IL 60673 CHILLER SERVICE 1036855 F C AND SONS ROOFING INC 6508 CLARA STREET BELL GARDENS CA 90201 ROOF REPAIRS 395597 GFI CONSTRUCTION INC 25235 AVENUE TIBBETS VALENCIA CA 91355 CAMPUS CONTSTRUCTION 348860 CARPET CLEARANCE CORNERSTONE INTERIORS 21021 SOLEDAD CANYON SUITE 105 SANTA CLARITA CA 91351 CAMPUS RENNOVATION 320872 24 3459062 7285407 115165 10744469 TUITION AND FEES 611600 74744035 74744035 AUXILIARY ENTERPRISES 611600 3504451 3504451 OTHER MISCELLANEOUS 611600 3177747 3177747 81426233 9579048 186685 9392363 143313 0 143313 143313 143313 163581124 112500 145497701 120483 18083423 -7983 18075440 18075440 INSURANCE RECOVERY 524298 2861095 2861095 2861095 122829598 81426233 186685 30472211 25853253 25853253 1254695 292220 962475 41817052 37332007 2530466 1954579 1674674 1379109 211186 84379 4336153 3570861 546814 218478 2977224 2442111 393575 141538 606519 25181 581338 152056 152056 578728 578728 5289368 3384010 1338561 566797 196238 125307 66321 4610 812656 302084 486353 24219 1696736 1021671 403769 271296 1900 1900 759038 667537 74528 16973 98455 73504 24951 647501 647501 3254229 2417851 836378 1175163 10019 1165144 REPAIRS AND MAINTENANCE 4321635 2889593 1432042 PERKINS LOAN SERVICE EX 1412948 1412948 RENTALS 1122506 912201 170864 39441 COVID-19-RELATED EXPEND 1032743 1032743 5440952 4165074 1221302 54576 106512422 89311184 13824352 3376886 1237430 46685208 13033937 7627657 5181682 4397254 570447 577726 1829353 1562640 110856801 46003056 51848244 64853745 157114768 123206407 101015773 91066273 0 679494 331831634 340656404 4459771 7186497 1062648 814669 39135465 9740535 2233490 6418367 5200441 21681321 54570562 X 76634734 73950060 233515579 212135782 310150313 286085842 331831634 340656404 X 16317176 -40194962 -186685 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 112500 529301 X FUNDRAISING PURPOSES 1 238769884 655710 -13195819 3842332 6495668 215891775 186711498 350491 62160895 3842332 6610668 238769884 183424199 5393611 4255688 2175000 4187000 186711498 178611645 1885855 8975699 2001906 4047094 183424199 160024108 9863804 14317733 1717296 3876704 178611645 0.09000 0.55000 0.36000 0 0 2677129 2677129 82021175 42440182 39580993 5883705 1363355 4520350 20274792 2199519 18075273 64853745 EQUITY SECURITIES 15261703 F PRIVATE EQUITY 51355263 F REAL ASSET FUNDS 3304188 F ABSOLU. RETURN STRATEGIES 10232418 F DEBT SECURITY FUNDS 10912701 F 91066273 DEPOSITS AND ADVANCE COLLECTIONS 1438269 ASSET RETIREMENT OBLIGATION 424516 U.S. GOVERNMENT LOANS REFUNDABLE 2655863 RIGHT OF USE LEASE LIABILITY 681793 5200441 X 56015970 -40194962 -25853253 -66048215 122064185 578728 186685 765413 122829598 80080441 0 80080441 578728 25853253 26431981 106512422 PART III, LINE 4: THE 50+50 PROJECT IS A FUNDRAISING PROJECT. CALARTS HAS COMMISSIONED 50-60 ARTISTS TO CREATE WORK AND DONATE IT TO CALARTS FOR SALE. THE NUMBER OF EDITIONS, ARTIST PROOFS AND PIECES TO BE KEPT BY THE ARTIST ARE REFLECTED ON THE DONATION FORM. THE PROPOSED SALES PRICE IS NEGOTIATED WITH THE ARTIST AND REFLECTED ON THE DONATION FORM. PART V, LINE 4: ENDOWMENTS ARE USED FOR VARIOUS PURPOSES. THE MAIN PURPOSE IS TO HELP SUPPORT FINANCIAL NEED FOR CALARTS' STUDENTS. PART X, LINE 2: THE INSTITUTE IS AN EDUCATIONAL ORGANIZATION FOR FEDERAL AND STATE INCOME TAX PURPOSES AND IS EXEMPT FROM INCOME TAX, EXCEPT WITH RESPECT TO ANY UNRELATED BUSINESS INCOME. UNRELATED BUSINESS INCOME TAX, IF ANY, IS INSIGNIFICANT AND NO TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE INSTITUTE HAD NO UNCERTAIN TAX POSITIONS AS OF THE YEARS ENDED JUNE 30, 2022 OR JUNE 30, 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID -25,853,253. PART XI, LINE 4B - OTHER ADJUSTMENTS: UBI FROM PASSTHROUGH INVESTMENTS 186,685. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 25,853,253. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE INSTITUTE'S WEBSITE PUBLISHED NON-DISCRIMINATORY POLICY STATEMENT AND A LINK TO OUR STATEMENT IS INCLUDED ON ALL ADMISSIONS MATERIALS, INCLUDING THE APPLICATION FOR ADMISSION. SCHEDULE E, PART I, LINE 6 THE INSTITUTE RECEIVES DIRECT LOANS, SEOG AND WORK STUDY FUNDING FROM THE DEPARTMENT OF EDUCATION. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 25968992 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 INVESTMENTS 1000 0 0 0 0 0 0 25969992 0 25969992 1 0 1 1 1 0 PART III ACCOUNTING METHOD: 1 SCHOLARSHIPS AND GRANTS 1425 25656906 SEOG 103 196347 PART I, LINE 2: FINANCE WORKS WITH ADVANCEMENT TO DETERMINE ANY NEW AND CONTINUING SCHOLARSHIP BUDGETS. STUDENTS ARE SELECTED BASED UPON CRITERIA ESTABLISHED FOR EACH TYPE OF FUNDING. FINANCIAL AID IS NOTIFIED OF THE AMOUNTS AVAILABLE TO AWARD EACH ACADEMIC YEAR. THE FINANCIAL AID OFFICE CONFIRMS STUDENT'S ELIGIBILITY PER FSA GUIDELINES AND DETERMINES THE FINAL AWARD PACKAGE. THE FINANCIAL AID OFFICE NOTIFIES THE ACCOUNTING OFFICE OF EXPENDITURES FOR EACH TERM DURING THE ACADEMIC YEAR. RECONCILIATION FOR DISBURSEMENTS IS PREPARED ON A MONTHLY BASIS BETWEEN FINANCIAL AID AND ACCOUNTING. THE ADVANCEMENT OFFICE PROVIDES REPORTING TO THE DONORS REGARDING THE USE OF DONOR CONTRIBUTED SCHOLARSHIP FUNDS (ENDOWED OR CURRENT USE). AWARD /PRIZE RECIPIENTS ARE DETERMINED BY CRITERIA ESTABLISHED BY THE RESPECTIVE ACADEMIC DEPARTMENTS. THE DEPARTMENTS PROVIDE DISBURSEMENT INFORMATION TO ACCOUNTING FOR THE SELECTED STUDENTS. THE ADVANCEMENT OFFICE PROVIDES REPORTING TO THE DONORS REGARDING USE OF DONOR CONTRIBUTED PRIZE FUNDS. X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 RAVI RAJAN PRESIDENT 371837 0 0 0 80249 0 17753 0 21680 0 491519 0 0 0 LORI HUSEIN SVP/CFO/TREASURER 252789 0 0 0 979 0 8938 0 18107 0 280813 0 0 0 TRACIE COSTANTINO SVP, PROVOST 235255 0 0 0 414 0 11185 0 21680 0 268534 0 0 0 NATALIE ADAMS VP AND CHIEF ADVANCEMENT OFFICER 208729 0 0 0 210 0 7025 0 19873 0 235837 0 0 0 TRAVIS PRESTON DEAN, SCHOOL OF THEATER 198591 0 0 0 2197 0 9442 0 13141 0 223371 0 0 0 ALLAN CHEN VP IT AND CHIEF TECHNOLOGY OFFICER 194885 0 0 0 0 0 5000 0 21680 0 221565 0 0 0 MICHAEL WORTHINGTON CO DIRECTOR, SCHOOL OF ART 180232 0 0 0 273 0 7282 0 20818 0 208605 0 0 0 VOLKER STRAEBEL DEAN, SCHOOL OF MUSIC 185927 0 0 0 209 0 2542 0 11699 0 200377 0 0 0 PART I, LINE 1A CALIFORNIA INSTITUTE OF THE ARTS PROVIDED A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE TO ONE OFFICER, THE VALUE OF WHICH WAS TREATED AS TAXABLE WAGES. PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457(F) DEFERRED COMPENSATION NONQUALIFIED RETIREMENT PLAN FOR CALENDAR YEAR 2021: NATALIE ADAMS A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 13048VWU8 2021-09-14 39997463 SEE PART VI 0 0 0 A 39997463 630431 2798638 13777704 22790670 0 1 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 0 SCHEDULE K, PART I, LINE A, COLUMN F FINANCE THE ACQUISITION, CONSTRUCTION, IMPROVEMENT, RENOVATION, AND EQUIPPING OF CERTAIN EDUCATIONAL FACILITIES AND TO REFINANCE CERTAIN OUTSTANDING DEBT. X 3 115165 FMV 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS REPRESENTS THE NUMBER OF DONORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN EXTERNAL CPA FIRM AND THE CONTROLLER, REVIEWED BY THE CHIEF FINANCIAL OFFICER AND SIGNED BY THE PRESIDENT. THE AUDIT COMMITTEE REVIEWS THE PUBLIC DISCLOSURE COPY OF THE 990. THEN THE BOARD OF TRUSTEES REVIEWS THE PUBLIC DISCLOSURE COPY OF THE 990 PRIOR TO FILING. THE EXTERNAL FIRM FILES THE FORM ELECTRONICALLY. FORM 990, PART VI, SECTION B, LINE 12C A LETTER IS SENT TO THE BOARD OF TRUSTEE MEMBERS, OFFICERS AND SCHOOL DEANS ON AN ANNUAL BASIS REQUESTING DISCLOSURE OF ANY INTEREST THAT COULD GIVE RISE TO CONFLICTS. IF THERE ARE ANY CONFLICTS DISCLOSED, THEY ARE INVESTIGATED BY THE INSTITUTE AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S COMPENSATION IS REVIEWED AND APPROVED BY THE SALARY SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. COMPARABLE COMPENSATION DATA FROM INDEPENDENT CONSULTANTS, FORM 990S OF OTHER ORGANIZATIONS AND OTHER VARIOUS SALARY SURVEYS ARE REVIEWED BY THE COMMITTEE. THERE IS A WRITTEN CONTRACT THAT IS THEN APPROVED BY THE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 ARTICLES OF INCORPORATION, BYLAWS, FINANCIAL STATEMENTS, TAX RETURNS AND CONFLICT OF INTEREST STATEMENTS ARE ALL AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: UBI FROM PASSTHROUGH INVESTMENTS -186,685.