2021-03-23T14:45:43-05:00 2020-05-31 310905417 VONLEHMAN & COMPANY INC 810 WRIGHTS SUMMIT PARKWAY SUITE 300 FORT WRIGHT KY 41011 990 2019-06-01 311601569 ART ACADEMY OF CINCINNATI ARTA 5137215205 1212 JACKSON STREET CINCINNATI OH 452027106 JOE GIRANDOLA PRESIDENT 5137215205 2021-03-18 1 KERRI L RICHARDSON P00636119 8593313300 2021-03-18 2019 2022-09-23 18:48:47Z JOE GIRANDOLA 1212 JACKSON STREET CINCINNATI OH 452027106 9696633 0 X WWW.ARTACADEMY.EDU X 1998 OH ART ACADEMY OF CINCINNATI IS A FOUR-YEAR ACCREDITED ART ACADEMY COLLEGE, OFFERING BFAS AND ONE MA PROGRAM. OUR MISSION IS TO CREATE AND SUSTAIN RADICAL FORWARD-THINKING, CONTEMPORARY VISUAL ARTISTS, AND DESIGNERS WHOSE CREATIVE CONTRIBUTIONS MAKE A SUBSTANTIAL DIFFERENCE IN ALL THE LIVES THEY TOUCH. 25 25 199 45 0 0 563194 1312296 6529737 7174453 229785 68414 72633 60518 7395349 8615681 2475196 3019924 0 0 2419630 2798455 0 0 110858 2455975 2003495 7350801 7821874 44548 793807 6516209 6424517 1630835 876261 4885374 5548256 OUR MISSION IS TO OPERATE, MAINTAIN, AND OVERSEE AN INDEPENDENT COLLEGE OF ART AND DESIGN. 0 0 6603345 3019924 7174453 WE OPERATE AN ACCREDITED POST-SECONDARY FINE ARTS EDUCATION FACILITY (ART ACADEMY) OFFERING CURRICULUM LEADING TO A BACHELOR OF FINE ARTS DEGREE, AND A MASTERS IN ART EDUCATION. WE SERVE APPROXIMATELY 220 MATRICULATING STUDENTS.IN ADDITION, WE SERVE APPROXIMATELY 300 INDIVIDUALS IN OUR COMMUNITY ARTS EDUCATION PROGRAMS. 6603345 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 66 0 199 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X JOE GIRANDOLA 5135268745 1212 JACKSON STREET CINCINNATI OH 452027106 RONALD T BATES TRUSTEE 3.00 X 0 0 0 ROBERT CHAVEZ VICE CHAIR 5.00 X X 0 0 0 TYSONN BETTS CHAIR 5.00 5.00 X X 0 0 0 HARRY J FINKE IV TRUSTEE 3.00 X 0 0 0 HOWARD H MCILVAIN TRUSTEE 3.00 X 0 0 0 RICHARD FRIEDMAN TRUSTEE 3.00 X 0 0 0 MARK GROTE TRUSTEE 3.00 X 0 0 0 JOE GIRANDOLA PRESIDENT 35.00 15.00 X X 70240 0 0 TAMARA HARKAVY TRUSTEE 3.00 X 0 0 0 MARK PATSFALL TRUSTEE 3.00 X 0 0 0 GEORGE H HENSLER III ALUMNI COUNCIL PRESIDENT 3.00 X X 0 0 0 DEBORAH SCOTT SECRETARY 5.00 X X 0 0 0 ANTHONY REISS TREASURER 3.00 X X 0 0 0 CRAIG SAREMBOCK TRUSTEE 3.00 X 0 0 0 HARVEY COHEN LEGAL COUNSEL 3.00 X X 0 0 0 ERIKA ALLEN STUDENT REPRESENTATIVE 3.00 X X 0 0 0 JOHN COBEY TRUSTEE 3.00 X 0 0 0 CHRISTINE CARLI TRUSTEE 3.00 X 0 0 0 RICHARD HOMAN TRUSTEE 3.00 X 0 0 0 DEBBIE KOKORUDA TRUSTEE 3.00 X 0 0 0 PAM KRAVETZ TRUSTEE 3.00 X 0 0 0 MARIA BEATRIZ RODRIGUEZ TRUSTEE 3.00 X 0 0 0 DANIEL SCHLOEMER TRUSTEE 3.00 X 0 0 0 MITCHELL SIPUS TRUSTEE 3.00 X 0 0 0 JACQUELYN SOMMER TRUSTEE 3.00 X 0 0 0 ANNA DOWELL CFO 35.00 X 86452 0 0 156692 0 0 0 0 0 0 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 19182 SECURITY SERVICES 156082 URBAN SITES PROPERTY MANAGEMENT LLC 1209 SYCAMORE STREET CINCINNATI OH 45202 PROPERTY MANAGEMENT 112166 ENCORE TECHNOLOGIES 4620 WESLEY AVENUE CINCINNATI OH 45212 IT SERVICES 104591 3 345220 967076 58336 1312296 TUITION 900099 6982461 6982461 COMMUNITY EDUCATION 900099 191992 191992 7174453 61282 61282 1088084 1080952 7132 7132 7132 OTHER INCOME 900099 60518 60518 60518 8615681 7174453 0 128932 3019924 3019924 156692 156692 2227098 1759896 451641 15561 226341 126400 100033 -92 188324 96507 90628 1189 11129 11129 177170 163580 13590 13311 13311 84581 83738 843 20335 20030 203 102 140491 138234 1505 752 41980 31724 10256 PURCHASED SERVICES 551210 345963 171484 33763 UTILITIES 211200 211200 0 0 SECURITY 149689 149689 0 0 EQUIPMENT MAINTENANCE & 143882 110946 24623 8313 458517 332203 88634 37680 7821874 6603345 1107671 110858 150021 531400 387500 352489 218679 155687 57563 0 49980 49980 86722 22947 4979017 2014162 3177448 2964855 2182028 2148749 206268 198410 6516209 6424517 384175 225904 360000 363544 885519 285929 1141 884 1630835 876261 X 2910400 3131893 1974974 2416363 4885374 5548256 6516209 6424517 X 793807 30140 -161065 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 2061024 79975 120108 2020891 2145986 5000 1478 91440 2061024 1837132 318622 170705 180473 2145986 1671635 1707 186395 22605 1837132 1623523 102793 -46769 7912 1671635 0.25280 0.59870 0.14850 0 0 89170 89170 3668290 860920 2807370 1221557 1153242 68315 2964855 BENEFICIAL INTEREST IN CHARITABLE TRUST 884 884 X PART III, LINE 1A: THE COLLECTIONS ARE MADE UP OF ART OBJECTS THAT ARE HELD FOR PUBLIC EXHIBITION, EDUCATION AND RESEARCH FOR FURTHERANCE OF PUBLIC SERVICE. THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ACADEMY'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE CONSOLDIATED STATEMENTS OF FINANCIAL POSITION. PROCEEDS FROM SALES OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN TEMPORARILY RESTRICTED NET ASSETS. THE ART INVENTORY IS MADE UP OF ART OBJECTS THAT HAVE BEEN ACQUIRED THROUGH DONATIONS. ART INVENTORY IS RECORDED AT 60% OF APPRAISED VALUE. PART III, LINE 4: EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. DURING BOTH YEARS ENDED MAY 31, 2020 AND 2019, SALES OF ART TOTALED $-0-. DURING BOTH YEARS ENDED MAY 31, 2020 AND 2019, THERE WERE NO ITEMS IN THE ACADEMY'S COLLECTION THAT WERE DAMAGED OR DESTROYED. PART V, LINE 4: THE ENDOWMENT FUNDS ARE INTENDED TO SUPPORT THE ACADEMY'S VARIOUS PURPOSES. PART X, LINE 2: THE ACADEMY HAS ADOPTED THE PROVISIONS OF THE ACCOUNTING PRONOUNCEMENT RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ACADEMY RECOGNIZED NO INTEREST OR PENALTIES IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES FOR THE YEARS ENDED MAY 31, 2020 AND 2019. IF THE SITUATION AROSE IN WHICH THE ACADEMY WOULD HAVE INTEREST TO RECOGNIZE, IT WOULD RECOGNIZE THIS AS INTEREST EXPENSE AND PENALTIES WOULD BE RECOGNIZED IN OTHER EXPENSES. CURRENTLY, THE PRIOR THREE YEARS ARE OPEN UNDER FEDERAL AND STATE STATUTES OF LIMITATIONS AND REMAIN SUBJECT TO REVIEW AND CHANGE. THE ACADEMY IS NOT CURRENTLY UNDER AUDIT NOR HAS THE ACADEMY BEEN CONTACTED BY THESE JURISDICTIONS. BASED ON THE EVALUATION OF THE ACADEMY'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR EITHER OF THE YEARS ENDED MAY 31, 2020 OR 2019. 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 ART ACADEMY OF CINCINNATI PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY ON THEIR WEBSITE, NEWSLETTERS AND SOCIAL MEDIA SCHEDULE E, PART I, LINE 6 THE ART ACADEMY OF CINCINNATI RECEIVES STATE AND CITY GRANTS FOR CAPITAL IMPROVEMENTS, FEDERAL FINANCIAL AID FOR STUDENTS, AND IN 2020 RECEIVED FEDERAL GRANTS FOR OPERATIONS VIA THE CARES ACT AND SBA LOANS. 1 SCHOLARSHIPS, INTERNALLY FUNDED THROUGH OPERATIONS & ENDOWMENT 220 3019924 PART I, LINE 2: SCHOLARSHIPS ARE MONITORED BY THE REGISTRAR AND FINANCIAL AID OFFICE AND THE FINANCE OFFICE FOR GPA REQUIREMENTS, ENROLLMENT REQUIREMENTS, AND OTHER ISSUES. REVIEWS ARE DONE REGULARLY. X 2 58336 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTE WILL REVIEW THE FORM 990 PRIOR TO FILING, AND THEN IF APPROVED, THE FORM 990 WILL BE SENT TO THE FULL BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL NEW TRUSTEES, OFFICERS AND EMPLOYEES. THE POLICY CLEARLY EXPLAINS THE DUTY TO REPORT ANY SUSPECTED VIOLATIONS AND THE PROCEDURES TO FOLLOW. THE ANNUAL ACKNOWLEDGEMENT AND DISCLOSURE STATEMENT IS TO BE SIGNED AND RETURNED TO THE FINANCE OFFICE. THE ORGANIZATON PERIODICALLY REVIEWS THE ANNUAL ACKNOWLEDGEMENT AND DISCLOSURE STATEMENT. IF A CONFLICT IS DISCOVERED, THE TRUSTEE WITH A CONFLICT CANNOT VOTE ON THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15 THE CEO/PRESIDENT COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES OR INDIVIDUAL(S) AUTHORIZED BY THE BOARD. DATA ON COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS ALONG WITH PERFORMANCE REVIEWS ARE USED TO DETERMINE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY IS MADE AVAILABLE ON THE ART ACADEMY'S WEBSITE AT WWW.ARTACADEMY.EDU. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN REMAINDER TRUST -4,029. CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUST -3,571. BOOK/990 BEGINNING BALANCE ADJUSTMENT TO FIXED ASSETS -153,465. PART XII, LINE 2C: THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ART ACADEMY HOUSING INC 1212 JACKSON ST CINCINNATI OH 45202 205149610 STUDENT HOUSING OH 501(C)(3) LINE 12A, I ART ACADEMY OF CINCINNATI 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ART ACADEMY HOUSING INC E 50967 FMV