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      <Desc>ART EDUCATION: DEDICATED TO CONVEYING A DEEPER UNDERSTANDING OF THE LANGUAGE OF ART AND TO PROVIDING ARTISTS WITH THE TOOLS TO FOLLOW ANY ARTISTIC PATH THEY CHOOSE, THE SCHOOL OFFERS A MASTER OF FINE ARTS PROGRAM, A CERTIFICATE PROGRAM, EVENING &amp; WEEKEND CLASSES, AND ITS SIGNATURE MARATHONS. THESE PROGRAMS TYPICALLY REQUIRE INTENSIVE WORK IN THE STUDIO AND FEATURE SMALL, CLOSE-KNIT COHORTS, EXTENSIVE CONTACT AND CRITIQUES WITH ARTIST-FACULTY, EXHIBITION OPPORTUNITIES, AND ENGAGEMENT WITH CONTEMPORARY ART DISCOURSES AND THE HISTORICAL SWEEP OF MILLENIA OF CREATIVE MARK-MAKING. IN FY22 THE SCHOOL HAD AN ENROLLMENT OF 46 F/T STUDENTS AND 355 P/T STUDENTS AND PROVIDED 87 COURSE OFFERINGS, A 32% INCREASE FROM ITS FY2021 OFFERINGS REFLECTING THE SCHOOL'S INVESTMENT IN VIRTUAL LEARNING.</Desc>
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        <PersonNm>YAEL MERIDAN SCHORI</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>J WILLIAM MIDDENDORF II</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>SEWARD RYAN</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>SUSAN SUSSMAN</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>1.00</AverageHoursPerWeekRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>KEJIA WU</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
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        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>GRAHAM NICKSON</PersonNm>
        <TitleTxt>DEAN</TitleTxt>
        <AverageHoursPerWeekRt>40.00</AverageHoursPerWeekRt>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>169439</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>10985</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>KAITLIN MCDONOUGH</PersonNm>
        <TitleTxt>ASSOCIATE DEAN</TitleTxt>
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        <ReportableCompFromOrgAmt>110753</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>8260</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <TotalReportableCompFromOrgAmt>280192</TotalReportableCompFromOrgAmt>
      <TotReportableCompRltdOrgAmt>0</TotReportableCompRltdOrgAmt>
      <TotalOtherCompensationAmt>19245</TotalOtherCompensationAmt>
      <IndivRcvdGreaterThan100KCnt>2</IndivRcvdGreaterThan100KCnt>
      <FormerOfcrEmployeesListedInd>0</FormerOfcrEmployeesListedInd>
      <TotalCompGreaterThan150KInd>1</TotalCompGreaterThan150KInd>
      <CompensationFromOtherSrcsInd>0</CompensationFromOtherSrcsInd>
      <CntrctRcvdGreaterThan100KCnt>0</CntrctRcvdGreaterThan100KCnt>
      <FundraisingAmt>410174</FundraisingAmt>
      <GovernmentGrantsAmt>34280</GovernmentGrantsAmt>
      <AllOtherContributionsAmt>958333</AllOtherContributionsAmt>
      <NoncashContributionsAmt>59298</NoncashContributionsAmt>
      <TotalContributionsAmt>1402787</TotalContributionsAmt>
      <ProgramServiceRevenueGrp>
        <Desc>TUITION</Desc>
        <BusinessCd>611710</BusinessCd>
        <TotalRevenueColumnAmt>1314325</TotalRevenueColumnAmt>
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      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>OTHER PROGRAM SERVICE</Desc>
        <BusinessCd>900099</BusinessCd>
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        <RelatedOrExemptFuncIncomeAmt>50195</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <ProgramServiceRevenueGrp>
        <Desc>EXHIBITIONS INCOME</Desc>
        <BusinessCd>900099</BusinessCd>
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        <RelatedOrExemptFuncIncomeAmt>49123</RelatedOrExemptFuncIncomeAmt>
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      <ProgramServiceRevenueGrp>
        <Desc>MFA THESIS SALE</Desc>
        <BusinessCd>900099</BusinessCd>
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        <RelatedOrExemptFuncIncomeAmt>10620</RelatedOrExemptFuncIncomeAmt>
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      <ProgramServiceRevenueGrp>
        <Desc>ALUMNI SALE</Desc>
        <BusinessCd>900099</BusinessCd>
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        <RelatedOrExemptFuncIncomeAmt>3549</RelatedOrExemptFuncIncomeAmt>
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      <TotalOthProgramServiceRevGrp>
        <TotalRevenueColumnAmt>2528</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>2528</RelatedOrExemptFuncIncomeAmt>
      </TotalOthProgramServiceRevGrp>
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      <InvestmentIncomeGrp>
        <TotalRevenueColumnAmt>70569</TotalRevenueColumnAmt>
        <ExclusionAmt>70569</ExclusionAmt>
      </InvestmentIncomeGrp>
      <GrossRentsGrp>
        <RealAmt>67000</RealAmt>
      </GrossRentsGrp>
      <LessRentalExpensesGrp>
        <RealAmt>0</RealAmt>
      </LessRentalExpensesGrp>
      <RentalIncomeOrLossGrp>
        <RealAmt>67000</RealAmt>
      </RentalIncomeOrLossGrp>
      <NetRentalIncomeOrLossGrp>
        <TotalRevenueColumnAmt>67000</TotalRevenueColumnAmt>
        <ExclusionAmt>67000</ExclusionAmt>
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      <FundraisingGrossIncomeAmt>41846</FundraisingGrossIncomeAmt>
      <ContriRptFundraisingEventAmt>410174</ContriRptFundraisingEventAmt>
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      <NetIncmFromFundraisingEvtGrp>
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        <ExclusionAmt>-14229</ExclusionAmt>
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        <RelatedOrExemptFuncIncomeAmt>3824</RelatedOrExemptFuncIncomeAmt>
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      <OtherRevenueTotalAmt>3824</OtherRevenueTotalAmt>
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        <UnrelatedBusinessRevenueAmt>0</UnrelatedBusinessRevenueAmt>
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      <GrantsToDomesticIndividualsGrp>
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      <CompCurrentOfcrDirectorsGrp>
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      <PensionPlanContributionsGrp>
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      <PayrollTaxesGrp>
        <TotalAmt>130721</TotalAmt>
        <ProgramServicesAmt>105690</ProgramServicesAmt>
        <ManagementAndGeneralAmt>14191</ManagementAndGeneralAmt>
        <FundraisingAmt>10840</FundraisingAmt>
      </PayrollTaxesGrp>
      <FeesForServicesAccountingGrp>
        <TotalAmt>50889</TotalAmt>
        <ManagementAndGeneralAmt>50889</ManagementAndGeneralAmt>
      </FeesForServicesAccountingGrp>
      <FeesForServicesOtherGrp>
        <TotalAmt>109178</TotalAmt>
        <ProgramServicesAmt>67808</ProgramServicesAmt>
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        <FundraisingAmt>3634</FundraisingAmt>
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      <AdvertisingGrp>
        <TotalAmt>36182</TotalAmt>
        <ProgramServicesAmt>24612</ProgramServicesAmt>
        <ManagementAndGeneralAmt>10500</ManagementAndGeneralAmt>
        <FundraisingAmt>1070</FundraisingAmt>
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      <OfficeExpensesGrp>
        <TotalAmt>94921</TotalAmt>
        <ProgramServicesAmt>31343</ProgramServicesAmt>
        <ManagementAndGeneralAmt>41641</ManagementAndGeneralAmt>
        <FundraisingAmt>21937</FundraisingAmt>
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      <InformationTechnologyGrp>
        <TotalAmt>15310</TotalAmt>
        <ProgramServicesAmt>7206</ProgramServicesAmt>
        <ManagementAndGeneralAmt>3126</ManagementAndGeneralAmt>
        <FundraisingAmt>4978</FundraisingAmt>
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      <OccupancyGrp>
        <TotalAmt>173656</TotalAmt>
        <ProgramServicesAmt>165698</ProgramServicesAmt>
        <ManagementAndGeneralAmt>5526</ManagementAndGeneralAmt>
        <FundraisingAmt>2432</FundraisingAmt>
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      <TravelGrp>
        <TotalAmt>199</TotalAmt>
        <ManagementAndGeneralAmt>199</ManagementAndGeneralAmt>
      </TravelGrp>
      <InterestGrp>
        <TotalAmt>32424</TotalAmt>
        <ProgramServicesAmt>32424</ProgramServicesAmt>
      </InterestGrp>
      <DepreciationDepletionGrp>
        <TotalAmt>74489</TotalAmt>
        <ProgramServicesAmt>62887</ProgramServicesAmt>
        <ManagementAndGeneralAmt>7720</ManagementAndGeneralAmt>
        <FundraisingAmt>3882</FundraisingAmt>
      </DepreciationDepletionGrp>
      <InsuranceGrp>
        <TotalAmt>99898</TotalAmt>
        <ProgramServicesAmt>81150</ProgramServicesAmt>
        <ManagementAndGeneralAmt>10629</ManagementAndGeneralAmt>
        <FundraisingAmt>8119</FundraisingAmt>
      </InsuranceGrp>
      <OtherExpensesGrp>
        <Desc>EXHIBITIONS</Desc>
        <TotalAmt>143862</TotalAmt>
        <ProgramServicesAmt>143862</ProgramServicesAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>OTHER PROGRAM SERVICES</Desc>
        <TotalAmt>103536</TotalAmt>
        <ProgramServicesAmt>103027</ProgramServicesAmt>
        <FundraisingAmt>509</FundraisingAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>LECTURES AND SEMINARS</Desc>
        <TotalAmt>39595</TotalAmt>
        <ProgramServicesAmt>39595</ProgramServicesAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>BAD DEBT</Desc>
        <TotalAmt>34944</TotalAmt>
        <ManagementAndGeneralAmt>34944</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <AllOtherExpensesGrp>
        <TotalAmt>77113</TotalAmt>
        <ProgramServicesAmt>41926</ProgramServicesAmt>
        <ManagementAndGeneralAmt>31958</ManagementAndGeneralAmt>
        <FundraisingAmt>3229</FundraisingAmt>
      </AllOtherExpensesGrp>
      <TotalFunctionalExpensesGrp>
        <TotalAmt>3243507</TotalAmt>
        <ProgramServicesAmt>2633233</ProgramServicesAmt>
        <ManagementAndGeneralAmt>419472</ManagementAndGeneralAmt>
        <FundraisingAmt>190802</FundraisingAmt>
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      <CashNonInterestBearingGrp>
        <BOYAmt>1468177</BOYAmt>
        <EOYAmt>988704</EOYAmt>
      </CashNonInterestBearingGrp>
      <SavingsAndTempCashInvstGrp>
        <BOYAmt>2438579</BOYAmt>
        <EOYAmt>3524506</EOYAmt>
      </SavingsAndTempCashInvstGrp>
      <PledgesAndGrantsReceivableGrp>
        <BOYAmt>30593</BOYAmt>
        <EOYAmt>42550</EOYAmt>
      </PledgesAndGrantsReceivableGrp>
      <AccountsReceivableGrp>
        <BOYAmt>488362</BOYAmt>
        <EOYAmt>389126</EOYAmt>
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      <InventoriesForSaleOrUseGrp>
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        <EOYAmt>214000</EOYAmt>
      </InventoriesForSaleOrUseGrp>
      <PrepaidExpensesDefrdChargesGrp>
        <BOYAmt>84300</BOYAmt>
        <EOYAmt>116926</EOYAmt>
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      <LandBldgEquipCostOrOtherBssAmt>3270741</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipAccumDeprecAmt>1210005</LandBldgEquipAccumDeprecAmt>
      <LandBldgEquipBasisNetGrp>
        <BOYAmt>2075759</BOYAmt>
        <EOYAmt>2060736</EOYAmt>
      </LandBldgEquipBasisNetGrp>
      <TotalAssetsGrp>
        <BOYAmt>6799770</BOYAmt>
        <EOYAmt>7336548</EOYAmt>
      </TotalAssetsGrp>
      <AccountsPayableAccrExpnssGrp>
        <BOYAmt>214365</BOYAmt>
        <EOYAmt>281620</EOYAmt>
      </AccountsPayableAccrExpnssGrp>
      <DeferredRevenueGrp>
        <BOYAmt>525626</BOYAmt>
        <EOYAmt>586843</EOYAmt>
      </DeferredRevenueGrp>
      <MortgNotesPyblScrdInvstPropGrp>
        <BOYAmt>893315</BOYAmt>
        <EOYAmt>2000000</EOYAmt>
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      <OtherLiabilitiesGrp>
        <BOYAmt>24510</BOYAmt>
        <EOYAmt>23420</EOYAmt>
      </OtherLiabilitiesGrp>
      <TotalLiabilitiesGrp>
        <BOYAmt>1657816</BOYAmt>
        <EOYAmt>2891883</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
      <NoDonorRestrictionNetAssetsGrp>
        <BOYAmt>1999539</BOYAmt>
        <EOYAmt>1775624</EOYAmt>
      </NoDonorRestrictionNetAssetsGrp>
      <DonorRestrictionNetAssetsGrp>
        <BOYAmt>3142415</BOYAmt>
        <EOYAmt>2669041</EOYAmt>
      </DonorRestrictionNetAssetsGrp>
      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>5141954</BOYAmt>
        <EOYAmt>4444665</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>6799770</BOYAmt>
        <EOYAmt>7336548</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <ReconcilationRevenueExpnssAmt>-283216</ReconcilationRevenueExpnssAmt>
      <NetUnrlzdGainsLossesInvstAmt>-414073</NetUnrlzdGainsLossesInvstAmt>
      <OtherChangesInNetAssetsAmt>0</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>0</AccountantCompileOrReviewInd>
      <FSAuditedInd>1</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>1</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>0</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <SchoolInd>X</SchoolInd>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <ContributorInformationGrp>
        <ContributorNum>RESTRICTED</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="RetDoc1039900001">
      <HeldWorksArtGrp>
        <AssetsIncludedAmt>214000</AssetsIncludedAmt>
      </HeldWorksArtGrp>
      <CollectionUsedPubExhibitionInd>X</CollectionUsedPubExhibitionInd>
      <CollUsedScholarlyRsrchInd>X</CollUsedScholarlyRsrchInd>
      <CollectionUsedPreservationInd>X</CollectionUsedPreservationInd>
      <CollectionUsedOtherPurposesGrp>
        <CollectionUsedOtherPurposesInd>X</CollectionUsedOtherPurposesInd>
        <OtherPurposesDesc>HELD FOR SALE</OtherPurposesDesc>
      </CollectionUsedOtherPurposesGrp>
      <SolicitedAssetsSaleInd>1</SolicitedAssetsSaleInd>
      <CYEndwmtFundGrp>
        <BeginningYearBalanceAmt>2438579</BeginningYearBalanceAmt>
        <ContributionsAmt>1500000</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>-344242</InvestmentEarningsOrLossesAmt>
        <OtherExpendituresAmt>69832</OtherExpendituresAmt>
        <EndYearBalanceAmt>3524505</EndYearBalanceAmt>
      </CYEndwmtFundGrp>
      <CYMinus1YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>2285858</BeginningYearBalanceAmt>
        <ContributionsAmt>74240</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>-53293</InvestmentEarningsOrLossesAmt>
        <OtherExpendituresAmt>-131774</OtherExpendituresAmt>
        <EndYearBalanceAmt>2438579</EndYearBalanceAmt>
      </CYMinus1YrEndwmtFundGrp>
      <CYMinus2YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>2215114</BeginningYearBalanceAmt>
        <ContributionsAmt>2719</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>78869</InvestmentEarningsOrLossesAmt>
        <OtherExpendituresAmt>10844</OtherExpendituresAmt>
        <EndYearBalanceAmt>2285858</EndYearBalanceAmt>
      </CYMinus2YrEndwmtFundGrp>
      <CYMinus3YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>1817000</BeginningYearBalanceAmt>
        <ContributionsAmt>301660</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>101426</InvestmentEarningsOrLossesAmt>
        <OtherExpendituresAmt>4972</OtherExpendituresAmt>
        <EndYearBalanceAmt>2215114</EndYearBalanceAmt>
      </CYMinus3YrEndwmtFundGrp>
      <CYMinus4YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>1884292</BeginningYearBalanceAmt>
        <ContributionsAmt>3689</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>-64801</InvestmentEarningsOrLossesAmt>
        <OtherExpendituresAmt>6180</OtherExpendituresAmt>
        <EndYearBalanceAmt>1817000</EndYearBalanceAmt>
      </CYMinus4YrEndwmtFundGrp>
      <BoardDesignatedBalanceEOYPct>0.48970</BoardDesignatedBalanceEOYPct>
      <PrmnntEndowmentBalanceEOYPct>0.51030</PrmnntEndowmentBalanceEOYPct>
      <EndowmentsHeldUnrelatedOrgInd>0</EndowmentsHeldUnrelatedOrgInd>
      <EndowmentsHeldRelatedOrgInd>0</EndowmentsHeldRelatedOrgInd>
      <LandGrp>
        <OtherCostOrOtherBasisAmt>655112</OtherCostOrOtherBasisAmt>
        <BookValueAmt>655112</BookValueAmt>
      </LandGrp>
      <BuildingsGrp>
        <OtherCostOrOtherBasisAmt>2321589</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>1010157</DepreciationAmt>
        <BookValueAmt>1311432</BookValueAmt>
      </BuildingsGrp>
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>94369</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>68605</DepreciationAmt>
        <BookValueAmt>25764</BookValueAmt>
      </EquipmentGrp>
      <OtherLandBuildingsGrp>
        <OtherCostOrOtherBasisAmt>199671</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>131243</DepreciationAmt>
        <BookValueAmt>68428</BookValueAmt>
      </OtherLandBuildingsGrp>
      <TotalBookValueLandBuildingsAmt>2060736</TotalBookValueLandBuildingsAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>REFUNDABLE ADVANCES</Desc>
        <Amt>23420</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>23420</TotalLiabilityAmt>
      <TotalRevEtcAuditedFinclStmtAmt>2105880</TotalRevEtcAuditedFinclStmtAmt>
      <NetUnrealizedGainsInvstAmt>-414073</NetUnrealizedGainsInvstAmt>
      <DonatedServicesAndUseFcltsAmt>16450</DonatedServicesAndUseFcltsAmt>
      <RevenueNotReportedAmt>-397623</RevenueNotReportedAmt>
      <RevenueSubtotalAmt>2503503</RevenueSubtotalAmt>
      <OtherRevenuesNotIncludedAmt>456788</OtherRevenuesNotIncludedAmt>
      <RevenueNotReportedFinclStmtAmt>456788</RevenueNotReportedFinclStmtAmt>
      <TotalRevenuePerForm990Amt>2960291</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>2803169</TotExpnsEtcAuditedFinclStmtAmt>
      <DonatedServicesUseFcltsAmt>16450</DonatedServicesUseFcltsAmt>
      <ExpensesNotReportedAmt>16450</ExpensesNotReportedAmt>
      <ExpensesSubtotalAmt>2786719</ExpensesSubtotalAmt>
      <OtherExpensesNotIncludedAmt>456788</OtherExpensesNotIncludedAmt>
      <ExpensesNotRptFinclStmtAmt>456788</ExpensesNotRptFinclStmtAmt>
      <TotalExpensesPerForm990Amt>3243507</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART III, LINE 1A:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SCHOOL IS NOT A COLLECTING INSTITUTION, BUT HAS AMASSED AN INFORMAL COLLECTION OF DONATED ARTWORKS OVER THE COURSE OF DECADES, MUCH OF IT CREATED BY ALUMNI, FACULTY, AND OTHERS ASSOCIATED WITH THE SCHOOL. THE COLLECTION FURTHERS THE ORGANIZATION'S EXEMPT PURPOSE AS IT IS USED FOR ART EDUCATION, WHICH IS THE SCHOOL'S MISSION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART V, LINE 4:</FormAndLineReferenceDesc>
        <ExplanationTxt>TO GENERATE INVESTMENT INCOME TO BE USED FOR SCHOLARSHIPS, FACULTY SALARIES AND TO FUND GENERAL OPERATIONS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART XI, LINE 4B - OTHER ADJUSTMENTS:</FormAndLineReferenceDesc>
        <ExplanationTxt>GROSS UP: SCHOLARSHIPS AND TUITION REMISSION 456,788.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART XII, LINE 4B - OTHER ADJUSTMENTS:</FormAndLineReferenceDesc>
        <ExplanationTxt>GROSS UP: SCHOLARSHIPS AND TUITION REMISSION 456,788.</ExplanationTxt>
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    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="RetDoc1040400001">
      <NondiscriminatoryPolicyStmtInd>1</NondiscriminatoryPolicyStmtInd>
      <PolicyStmtInBrochuresEtcInd>1</PolicyStmtInBrochuresEtcInd>
      <PlcyPblczdViaBroadcastMediaInd>1</PlcyPblczdViaBroadcastMediaInd>
      <MaintainRacialCompRecsInd>1</MaintainRacialCompRecsInd>
      <MaintainScholarshipsRecsInd>1</MaintainScholarshipsRecsInd>
      <MaintainCpyOfBrochuresEtcInd>1</MaintainCpyOfBrochuresEtcInd>
      <MaintainCpyOfAllSolInd>1</MaintainCpyOfAllSolInd>
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      <DiscriminateRaceAdmissPlcyInd>0</DiscriminateRaceAdmissPlcyInd>
      <DiscriminateRaceEmplmFcultyInd>0</DiscriminateRaceEmplmFcultyInd>
      <DiscriminateRaceSchsInd>0</DiscriminateRaceSchsInd>
      <DiscriminateRaceEducPlcyInd>0</DiscriminateRaceEducPlcyInd>
      <DiscriminateRaceUseOfFcltsInd>0</DiscriminateRaceUseOfFcltsInd>
      <DiscriminateRaceAthltProgInd>0</DiscriminateRaceAthltProgInd>
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        <FormAndLineReferenceDesc>SCHEDULE E, PART I, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SCHOOL DOES NOT CURRENTLY ADVERTISE THROUGH NEWSPAPER OR BROADCAST MEDIA. THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED IN ITS COURSE CATALOG, ON ITS REGISTRATION PLATFORM, AND ON ITS WEBSITE.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, PART I, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SCHOOL RECEIVED A $14,280 GRANT, TOWARDS ITS GALLERY AND LECTURE SERIES, FROM THE NEW YORK CITY DEPARTMENT OF CULTURAL AFFAIRS. THE SCHOOL ALSO RECEIVED A $20,000 PLEDGE, TO SUPPORT A FREE VISUAL ARTS LECTURE SERIES, FROM THE NATIONAL ENDOWMENT FOR THE ARTS.</ExplanationTxt>
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        <Event1Nm>FALL BENEFIT</Event1Nm>
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        <CharitableContriEvent1Amt>410174</CharitableContriEvent1Amt>
        <FoodAndBeverageEvent1Amt>72</FoodAndBeverageEvent1Amt>
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        <GrossRevenueEvent2Amt>41846</GrossRevenueEvent2Amt>
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        <ValuationMethodUsedDesc>FMV</ValuationMethodUsedDesc>
        <NonCashAssistanceDesc>GENERAL SUPPORT</NonCashAssistanceDesc>
      </GrantsOtherAsstToIndivInUSGrp>
      <GrantsOtherAsstToIndivInUSGrp>
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        <CashGrantAmt>64755</CashGrantAmt>
        <ValuationMethodUsedDesc>FMV</ValuationMethodUsedDesc>
        <NonCashAssistanceDesc>GENERAL SUPPORT</NonCashAssistanceDesc>
      </GrantsOtherAsstToIndivInUSGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART I, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>USE OF FUNDS GRANTED FOR STUDENT SCHOLARSHIPS ARE MONITORED BY THE REVIEW OF ATTENDANCE RECORDS. USE OF FUNDS GRANTED FOR TUITION REMISSION FELLOWSHIPS ARE MONITORED BY EITHER FACULTY OR STAFF MEMBERS OVERSEEING THE SPECIFIC CLASS, PROGRAM, OR EVENT.</ExplanationTxt>
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      <SupplementalNonqualRtrPlanInd>0</SupplementalNonqualRtrPlanInd>
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        <PersonNm>GRAHAM NICKSON</PersonNm>
        <TitleTxt>DEAN</TitleTxt>
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        <TotalCompensationFilingOrgAmt>180424</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>0</TotalCompensationRltdOrgsAmt>
        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
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    <IRS990ScheduleM documentId="RetDoc1042900001">
      <SecuritiesPubliclyTradedGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <ContributionCnt>5</ContributionCnt>
        <NoncashContributionsRptF990Amt>59294</NoncashContributionsRptF990Amt>
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      <AnyPropertyThatMustBeHeldInd>0</AnyPropertyThatMustBeHeldInd>
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    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART III, LINE 1</FormAndLineReferenceDesc>
        <ExplanationTxt>WE OFFER A PROGRAM GROUNDED IN STUDIO PRACTICE, ARTISTS LEARNING FROM ARTISTS, INDEPENDENT THINKING, AND A STRONG WORK ETHIC.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 2</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SCHOOL'S DEAN, GRAHAM NICKSON, IS MARRIED TO DITA AMORY, A MEMBER OF THE BOARD OF TRUSTEES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>MANAGEMENT REVIEWS THE FORM 990, ALONG WITH THE FINANCE COMMITTEE. THE BOARD OF TRUSTEES RECEIVES A COPY PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES CONDUCTS REGULAR REVIEWS OF THE SCHOOL'S POLICIES, INCLUDING THE CONFLICT OF INTEREST POLICY. ANY POTENTIAL CONFLICTS WOULD BE BROUGHT TO THE ATTENTION OF THE EXECUTIVE COMMITTEE. ANY PERSON WITH A POTENTIAL CONFLICT RECUSES THEMSELVES FROM ANY RELATED DISCUSSION AND DELIBERATION. ADDITIONALLY, KEY STAFF MEMBERS ENSURE THAT ANNUAL DISCLOSURE STATEMENTS ARE SECURED FROM TRUSTEES AND ARE ATTENTIVE TO ANY POTENTIAL CONFLICTS THAT SHOULD BE ADDRESSED IN THE DISCLOSURES OR BROUGHT TO THE ATTENTION OF THE COMMITTEE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15</FormAndLineReferenceDesc>
        <ExplanationTxt>THE DEAN'S SALARY WAS ESTABLISHED WITHIN THE GUIDELINES OF OUTSIDE INDEPENDENT ADVISORS AND MANAGEMENT CONSULTANTS AS WELL AS THE BOARD OF TRUSTEES CHAIRMAN, TREASURER AND FINANCE COMMITTEE. THE SALARY IS IN KEEPING WITH SIMILAR INSTITUTIONS GIVEN THE QUALIFICATIONS, ATTRIBUTES, FUNDRAISING ABILITIES AND RESPONSIBILITIES OF THE POSITION. (IT HAS BEEN NOTED TO BE ON THE LOW SIDE).</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
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</Return>
