2016-04-18T13:44:30-07:00 2015-05-31 990 2014-06-01 910916534 Cornish College of the Arts CORN 2067265020 1000 Lenora Street Seattle WA 98121 Jeff Riddell VP for Finance and Administration 2067265020 2016-04-14 2014 2016-08-17 19:52:53Z Nancy Uscher 1000 Lenora Street Seattle WA 98121 52397920 0 X www.cornish.edu X 1914 WA An accredited four year college offering baccalaureate degrees in Art, Dance, Music, Design, Film & Media, Performance Production, and Theater. 30 30 906 20 0 0 2689015 1952147 28380681 29471760 829419 10416322 80793 -105509 31979908 41734720 6321855 7625917 0 0 16687221 16376592 0 0 876888 10568169 10581641 33577245 34584150 -1597337 7150570 77979915 78681390 32740966 26784247 45238949 51897143 The mission of Cornish College of the Arts is to provide students aspiring to become practicing artists with an educational program of the highest possible quality, in an environment, that nurtures creativity and intellectual curiosity, while preparing them to contribute to society as artists, citizens, and innovators. 0 0 26546733 7625917 27672264 An accredited four-year college offering baccalaureate degrees in Art, Dance, Music, Design, Film & Media, Performance Production, and Theater. 767 students attended Cornish College in the 2014 fall semester and 697 students attended in the spring semester. In 2015, 196 students graduated. The college preparatory dance program instructed 189 students and the summer programs instructed 520 students. 1762097 1799496 Student housing and dining. Housing services were provided for 246 students during the 2014 fall semester and 238 students during the spring semester. Meal plans were available for all students. 0 0 0 28308830 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1095 0 1 906 1 0 0 0 0 0 1 1 0 0 0 0 X 30 30 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Jeff Riddell 2067265020 1000 Lenora Street Seattle WA 98121 Alex Alben Secretary 4.0 0 X X 0 0 0 Virginia Anderson Chair 4.0 0 X X 0 0 0 Roger Bass Vice Chair 4.0 0 X X 0 0 0 Don Blakeney Trustee 1.5 0 X 0 0 0 Linda Brown Trustee 4.0 0 X 0 0 0 Sharon Cornish-Martin Trustee 1.5 0 X 0 0 0 Jody Cunningham Trustee 4.0 0 X 0 0 0 L Robin Du Brin Trustee 1.5 0 X 0 0 0 Gary Fluhrer Trustee 4.0 0 X 0 0 0 C Douglas Francis Treasurer 4.0 0 X X 0 0 0 Marianne Sorich Francis Trustee 1.5 0 X 0 0 0 Michael Gibson Trustee 4.0 0 X 0 0 0 Patricia Gillis Trustee 1.5 0 X 0 0 0 Lawrence Hard Trustee 4.0 0 X 0 0 0 John Gordon Hill Trustee 4.0 0 X 0 0 0 Donna James Trustee 4.00 0 X 0 0 0 John Jordan Trustee 4.0 0 X 0 0 0 Eleuthera Lisch Trustee 1.5 0 X 0 0 0 Edmund Littlefield Jr Trustee 1.5 0 X 0 0 0 Dorothy Holland Mann Trustee 1.5 0 X 0 0 0 Mark Metcalf Trustee 1.5 0 X 0 0 0 George Mills Trustee 1.5 0 X 0 0 0 Carol Munro Trustee 1.5 0 X 0 0 0 Joan Poliak Trustee 1.5 0 X 0 0 0 Sherry Raisbeck Trustee 1.5 0 X 0 0 0 Lonnie Rosenwald Trustee 1.5 0 X 0 0 0 Ellen Rutledge Trustee 4.0 0 X 0 0 0 Ric Spengler Trustee 1.5 0 X 0 0 0 Peggy Otto Swistak Trustee 1.5 0 X 0 0 0 Sharon Nyree Williams Trustee 1.5 0 X 0 0 0 Nancy Uscher President 40 1 X 327784 0 21627 Jeffrey Riddell VP for Finance and Administration 40 0 X 181344 0 9328 Gwen Freed VP of Institutional Advancement 40 0 X 161432 0 13967 Jonathan Lindsay VP for Enrollment 40 0 X 163807 0 12853 Moira Payne Provost and VP Academic Affairs 40 0 X 149978 0 15447 Christy Johnson Dept Chair 40 0 X 110868 0 14775 1095213 0 87997 6 0 1 0 Northwest Security Services Inc 14824 Westminster Way N Seattle WA 98133 Security Services 445667 Pulcon Inc 12045 Lakeside Place NE Seattle WA 98125 Construction Services 378243 MTR Western LLC 720 S Forest Street Seattle WA 98134 Shuttle Service 228225 Wilson Marketing Group 5502 141st Street SW Edmonds WA 98026 Printing Services 133675 K L Gates 925 4th Avenue Suite 2900 Seattle WA 98104 legal services 129824 5 8671 0 586469 0 194260 1162747 95162 1952147 Tuition and fees 611310 27157491 27157491 0 0 Student housing and dining 611310 1799496 1799496 0 0 Performance events 611310 129402 129402 0 0 Vending machines 611310 11697 11697 0 0 National Portfolio Day registration 611310 11500 11500 0 0 362174 362174 0 0 29471760 123721 0 0 123721 0 0 0 0 0 0 0 0 155513 0 128643 0 26870 0 26870 0 0 26870 4613523 16000106 3936438 6384590 677085 9615516 10292601 0 0 10292601 81150 586469 213529 -132379 0 -132379 0 41734720 29471760 0 10310813 0 7625917 7625917 1058500 438558 499590 120352 11763309 10106450 1353686 303173 427964 367685 49249 11030 2233205 1654580 500879 77746 893614 767749 102834 23031 75000 75000 0 0 71222 30989 40093 140 54445 0 54445 0 0 0 0 0 0 0 0 0 0 0 1597835 604433 794067 199335 148366 74267 39811 34288 967916 797427 135786 34703 621238 417163 199055 5020 0 0 0 0 2975744 1698862 1271319 5563 334174 262017 65213 6944 0 0 0 0 0 0 0 0 806643 742112 64531 0 0 0 0 0 1904289 1751946 152343 0 107492 100947 6545 0 Transportation 321725 295085 26640 0 Meals and entertainment 283517 212003 28719 42795 Cafe services 130370 130370 0 0 Bad debt and collections 21587 17587 0 4000 160078 137683 13627 8768 34584150 28308830 5398432 876888 2647219 8448212 49343 83785 938421 767606 114876 583755 36000 24000 0 0 1069461 1061118 0 0 325103 258883 76125123 16607225 65285891 59517898 7310340 7764636 0 0 0 0 0 0 203261 171497 77979915 78681390 2515471 2491299 0 0 565284 523723 20323000 20323000 1000000 0 5209000 0 0 0 3128211 3446225 32740966 26784247 X 37936140 44419644 4162229 4028452 3140580 3449047 45238949 51897143 77979915 78681390 X 7150570 -429533 0 0 0 -62843 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1984875 0 0 X X Education 0 7553695 87976 495376 0 0 0 8137047 6775817 151664 903045 276831 0 0 7553695 5922593 46019 1062091 254886 0 0 6775817 6295458 224819 -380128 217556 0 0 5922593 5281285 226944 999829 212600 0 0 6295458 0 0.72 0.28 0 1 1 0 23698913 23698913 0 43706892 12610981 31095911 0 1568428 390086 1178342 0 4090155 2986545 1103610 0 3060735 619613 2441122 59517898 Due to Dept of Education 857802 Rental Deposits 334800 Fair value interest rate swap agreement 1377769 Deferred Lease liability 875854 3446225 Schedule D, Part III, Line 4 Various works of art including paintings, sketchings, prints, and a Rodin sculpture for the education of students and public display. Schedule D, Part V, Line 4 Endowment funds are held and preserved at the fair value of the original gift with the earnings awarded as scholarships and program related activities as stipulated by the donor. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Advertising placed in newspapers and the internet for employment opportunities state that the college is an equal opportunity employer. Admissions and recruiting materials also state that the college does not discriminate. Schedule E, Part I, Line 6 Cornish receives financial assistance from the US Dept of Education in connection with various programs such as work study programs and the FSEOG grant program. The college also receives assistance from the state of Washington through the college work study program and Washington State Building for the Arts program. Gala 667619 586469 81150 0 0 32311 75095 33586 72537 0 0 667619 586469 81150 0 0 32311 75095 33586 72537 213529 -132379 1 Scholarships and grants awarded to students attending Cornish College of the Arts 759 7625917 0 Schedule I, Part I, Line 2 The College's financial aid office awards scholarships to students based on eligibility criteria predetermined by donors and college policies. All awards are applied to tuition and related education expenses only. X X X X X 0 0 0 0 0 0 0 0 0 Nancy Uscher President 312120 0 0 0 15664 0 11726 0 9901 0 349411 0 0 0 Jeffrey Riddell VP for Finance and Administration 162383 0 0 0 18961 0 8286 0 1042 0 190672 0 0 0 Gwen Freed VP of Institutional Advancement 161432 0 0 0 0 0 4267 0 9700 0 175399 0 0 0 Jonathan Lindsay VP for Enrollment 163807 0 0 0 0 0 5650 0 7203 0 176660 0 0 0 Moira Payne Provost 149978 0 0 0 0 0 6903 0 8544 0 165425 0 0 0 A Washington Higher Education Facilities Authority 911306482 2010-12-01 20323000 Financing and refinancing costs associated with the college's facilities 0 0 0 A 0 0 20323000 0 0 0 202371 0 20120629 0 0 0 2010 1 0 1 1 A 0 0 0 0 0 0 0 0 A 0 0 0 0 1 1 KeyBank National 10.00 0 0 0 0 0 A 0 Nancy Uscher President Relocation expenses X 60000 24000 0 1 1 24000 X 9 88356 Market value X 1 5556 market value X Instrument accessories 1 1000 market value X gift cards 1 250 market value 0 1 0 Form 990, Part IV, Line 12b Cornish College of the Arts is included in a consolidated financial statement with the Cornish Foundation that is audited in accordance with generally accepted auditing standards and presented in accordance with generally accepted accounting principles. Form 990, Part VI, Section A, Line 2 Two of the trustees, C Douglas Francis and Marianne Francis, are a married couple. Form 990, Part VI, Section B, Line 11b A copy of the 990 was first reviewed by the college's independent accounting firm, then was provided to the finance committee of the board to review and approve. After their review, the final copy was sent to all board members prior to filing. Form 990, Part VI, Section B, Line 12c The college's board members complete an annual survey that is reviewed by the board and the officers of the college. The board appropriately addresses conflicts of interest as they arise. Form 990, Part VI, Section B, Line 15 A subcommittee of the board of trustees annually reviews the President's performance and determines compensation. The committee utilizes peer salary surveys and other research in determining the President's salary. The President annually reviews officers' performances and determines compensation. Salary surveys and other research are used in determining compensation for key employees. Form 990, Part VI, Section C, Line 19 The college makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part XI, Line 9 Change in value interest rate swap agreement Cornish Foundation 1000 Lenora Street Seattle WA 98121 912105614 endowed scholarships WA 501c3 11A N/A 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 Cornish Foundation c 149008 Scholarships awarded