2012-04-13T17:57:02-04:00 2011-05-31 KPMG LLP 1676 International Drive McLean VA 22102 990 2010-06-01 520591661 Maryland Institute College of Art Inc MARY 4102252352 1300 Mount Royal Avenue Baltimore MD 21217 DOUGLAS R MANN 2012-04-13 7032868000 2010 2016-02-24 21:20:13Z FRED LAZARUS IV 1300 Mount Royal Avenue Baltimore MD 21217 181915279 false X WWW.MICA.EDU X 1826 MD DEGREE GRANTING COLLEGE - MARYLAND INSTITUTE COLLEGE OF ART IS A PRIVATE COLLEGE DEDICATED TO THE EDUCATION OF PROFESSIONAL ARTISTS AND THE FURTHER ADVANCEMENT OF ART IN THE COMMUNITY. 33 33 2024 38 47418 0 7450500 17265657 74796365 81584195 633630 2200955 351628 384602 83232123 101435409 21163091 23064553 0 0 34439534 37217954 0 0 2239517 25413693 27686502 81016318 87969009 2215805 13466400 213876597 235703053 96481936 96380581 117394661 139322472 DEGREE GRANTING COLLEGE - MARYLAND INSTITUTE COLLEGE OF ART IS A PRIVATE COLLEGE DEDICATED TO THE EDUCATION OF PROFESSIONAL ARTISTS AND THE FURTHER ADVANCEMENT OF ART IN THE COMMUNITY. false false 48749246 23064553 81584195 Accredited college with programs in fine arts, applied arts, and art education; approximately 1,975 students, grants are disbursements for students' financial aid and for faculty development grants. 48749246 true true false true false false true false true true true false false true true false true true true true false true false false false false false true true true false false false false false false false false true false true true false false false true true false false false true 236 0 true 2024 true true true false false false false false false false false false X 33 33 false false false false false false false true true false false true true true true true true true true false MD X DOUGLAS MANN 4102252352 1300 MOUNT ROYAL AVENUE BALTIMORE MD 21217 X MR STEPHEN BOESEL 1.0 X 0 0 0 MS M GWEN DAVIDSON 1.0 X 0 0 0 MS ROSALEE C DAVISON 1.0 X 0 0 0 MR MATHIAS J DEVITO 1.0 X 0 0 0 MR RONALD E FIDLER 1.0 X 0 0 0 MS ANN M GARFINKLE 1.0 X 0 0 0 MS ALICE FALVEY GREIF 1.0 X 0 0 0 MS FREDYE W GROSS 1.0 X 0 0 0 MR DAVID HAYDEN 1.0 X 0 0 0 MS BARBARA L HIMMELRICH 1.0 X 0 0 0 MS WENDY JACHMAN 1.0 X 0 0 0 MR DAVID JACOBS 1.0 X 0 0 0 MR THOMAS JASEK 1.0 X 0 0 0 MR ROSS JONES 1.0 X 0 0 0 MR NEIL A MEYERHOFF 1.0 X 0 0 0 MR JIM MILLER 1.0 X 0 0 0 MR CHARLES NEARBURG 1.0 X 0 0 0 MS ANNE S PERKINS 1.0 X 0 0 0 MR ROGER POWELL 1.0 X 0 0 0 MS SHEILA K RIGGS 1.0 X 0 0 0 MS NANCY SASSER 1.0 X 0 0 0 MR WILLIAM O STEINMETZ 1.0 X 0 0 0 MR TYRONE TABORN 1.0 X 0 0 0 MS SALLIE FRAENKEL ZUCH 1.0 X 0 0 0 MR JAMES BLUE 1.0 X 0 0 0 DR JUDITH BURTON 1.0 X 0 0 0 MR KEVIN DONOVAN 1.0 X 0 0 0 MR KIBEBE GIZAW 1.0 X 0 0 0 MR JOHN MORIKIS 1.0 X 0 0 0 MR MICHAEL BEATTY 1.0 X 0 0 0 MR JEFFREY G BUNTING 1.0 X 0 0 0 MR BRIAN MARTEL 1.0 X 0 0 0 MR MICHEL L MODELL 1.0 X 0 0 0 FRED LAZARUS IV 40.0 X 313675 0 167631 RAYMOND V ALLEN 40.0 X 235156 0 30877 J DAVIDSON PORTER 40.0 X 135460 0 18675 THERESA LYNCH BEDOYA 40.0 X 171118 0 22342 MICHAEL MOLLA 40.0 X 155267 0 9416 DOUGLAS R MANN 40.0 X 198929 0 26885 THOMAS G HYATT 40.0 X 143872 0 24765 MICHAEL FRANCO 40.0 X 169495 0 25502 GUNALAN NADARAJAN 40.0 X 163723 0 17845 JAN STINCHCOMB 40.0 X 129586 0 19884 KAREN CARROLL 40.0 X 114361 0 15649 TIMOTHY APP 40.0 X 119926 0 16421 CYNTHIA BARTH 40.0 X 122402 0 17792 FRANCES BARTH 40.0 X 108550 0 19995 DOUGLAS L FROST 40.0 X 105012 0 20934 2386532 0 454613 25 true true false CAREFIRST 10455 MILL RUN CIRCLE OWINGS MILLS MD 211175559 INSURANCE PROVIDER 2824582 PARKHURST DINING SERVICES PO BOX 644091 PITTSBURGH PA 15264 FOOD SERVICES 2563511 TURNER CONSTRUCTION COMPANY 1835 MARKET STREET PHILADELPHIA PA 19103 CONSTRUCTION 1627176 CHO BENN HOLBACK ASSOCIATES 100 N CHARLES ST 14F BALTIMORE MD 21201 ARCHITECTURAL SRVS 898892 SCHMITZ PRESS INC 37 LOVETON CIRCLE SPARKS MD 21152 PRINTING SERVICES 385434 28 2802195 14463462 17265657 TUITION & FEES 611600 70577434 70577434 DORMITORIES 611710 6216311 6216311 BOOKSTORE 611710 1725036 1725036 AUXILIARY ENT. 611710 3065414 3017996 47418 81584195 790171 790171 88116 88116 0 184407 143975 40432 40432 40432 81658563 80335895 1322668 1322668 1322668 0 0 0 DEPOSIT FORFEITURE 900099 9900 9900 TICKET AND EVENT INCOME 900099 67383 67383 DIGITAL PRINTING 900099 167726 167726 99161 99161 344170 101435409 81704503 47418 2417831 0 22202955 22202955 861598 861598 0 1522971 370615 982861 169495 263170 138068 125102 28638403 13970522 13427205 1240676 1653580 786948 783190 83442 2990609 1423247 1416451 150911 2149221 1022826 1017942 108453 0 215123 211873 3250 136065 136065 0 0 202605 202605 893645 286679 556638 50328 2360454 1742707 560519 57228 2835698 140459 2608435 86804 863409 859025 4384 14743 14743 4348544 1614343 2708654 25547 995374 491531 455157 48686 0 693499 628165 65334 4203931 4203931 0 5103226 0 5103226 0 870546 870546 OTHER/AUXILIARY 2734122 2734122 TUITION & FEES 601182 601182 STUDENT SERVICES 341025 340437 588 MEMBERSHIP 142796 141075 1721 BAD DEBT 78098 78098 52417 21007 28585 2825 87969009 48749246 36980246 2239517 3961418 3843418 3877820 11282752 3420191 3649296 399326 344175 2897429 2025265 162805158 46582438 114414765 116222720 60273050 72359358 13243762 14265938 11388836 11710131 213876597 235703053 7918605 8386545 3392729 3614474 82755400 81942872 2415202 2436690 96481936 96380581 X 72685770 80744809 11908594 14960358 32800297 43617305 117394661 139322472 213876597 235703053 X 13466400 8461411 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 150 false false 150 false false SCHEDULE C, PART II-B, LINE 1G, COLUMN (B) THE AMOUNT REPORTED ON LINE 1G IS AN ESTIMATED AMOUNT. THE TOTAL AMOUNT IS DE MINIMIS. 283995 788730 X false 56503241 4262251 9924501 732020 2103902 126605 67727466 50623498 1025011 7656218 659996 2029913 111577 56503241 62054802 6244761 -15693825 484546 1379092 118602 50623498 0.40000 0.60000 false false 2867541 2867541 137000747 30414786 106585961 2310036 129438 2180598 19810904 15559767 4251137 815930 478447 337483 116222720 PARTNERSHIP INTERESTS 14265938 F 14265938 0 REFUNDABLE ADVANCES FROM US GO 2181270 LIABILITY TRUST AGREEMENTS 255420 2436690 101435409 87969009 13466400 8461411 8461411 21927811 87129287 8461411 254747 8716158 78413129 23022280 23022280 101435409 65201476 254747 254747 64946729 23022280 23022280 87969009 SCHEDULE D, PART XII 4b CONSISTS OF FINANCIAL AID OF $23,022,280. SCHEDULE D, PART XIII 2d CONSISTS OF ANNUITY BENEFITS PAID $110,773 AND RENTAL EXPENSE OF $143,975. SCHEDULE D, PART XIII, LINE 4b CONSISTS OF FINANCIAL AID OF $23,022,280. SCHEDULE D, PART XII 2d CONSISTS OF ANNUITY BENEFITS PAID $110,773 AND RENTAL EXPENSES OF $143,975. SCHEDULE D, PART III, LINE 4 DESCRIPTION OF COLLECTION PAINTINGS FURTHER THE ADVANCEMENT OF ART IN THE COLLEGE COMMUNITY. SCHEDULE D, PART X, LINE 2 As an educational institution meeting the requirement of Section 501(c)(3) of the Internal Revenue Code, the College is exempt from income taxes on income related to its exempt purpose as provided in Section 501(a) except to the extent it has taxable income from activities that are not related to its exempt purpose. The College accounts for uncertain tax positions, if any, in accordance with ASC 740, Income Taxes (FASB Interpretation No.48, Accounting for Uncertainty in Income Taxes). No provision for income taxes was required for 2011 or 2010. SCHEDULE D, PART V, LINE 4 INTENDED USES OF ENDOWMENT FUND SUPPORTS SCHOLARSHIPS, GRANTS, SPECIALIZED PROGRAMS, FACILITIES, AND GENERAL OPERATIONS OF THE COLLEGE. true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 THE FOLLOWING STATEMENTS APPEAR IN THE COLLEGE'S CATALOG: NOTICE OF NONDISCRIMINATION IN EDUCATION AND EMPLOYMENT THE MARYLAND INSTITUTE COLLEGE OF ART DOES NOT DISCRIMINATE AGAINST ANY INDIVIDUAL FOR REASONS OF RACE, COLOR, RELIGION, NATIONAL ORIGIN, AGE, SEX, OR HANDICAP IN ANY RELATIONSHIP WITH THE INSTITUTION OR IN ANY OF ITS PROGRAMS OR OFFERINGS, HIRING OF FACULTY AND STAFF, OR ANY TERMS AND CONDITIONS OF EMPLOYMENT. INQUIRIES CONCERNING THE APPLICATION OF THESE REGULATIONS MAY BE REFERRED TO THE AFFIRMATIVE ACTION OFFICER. THE COLLEGE RESERVES THE RIGHT IN ITS DISCRETION TO MAKE FROM TIME TO TIME CHANGES AFFECTING POLICIES, FEES, CURRICULA, OR OTHER MATTERS ANNOUNCED IN THIS CATALOG. THE STATEMENTS IN THIS CATALOG DO NOT CONSTITUTE A CONTRACT. STATEMENT OF EQUAL OPPORTUNITY AND SERVICES TO THE DISABLED IN COMPLIANCE WITH FEDERAL, STATE AND LOCAL LAWS AND REGULATIONS, THE MARYLAND INSTITUTE COLLEGE OF ART DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, SEX, SEXUAL ORIENTATION, MARITAL STATUS, AGE, DISABILITY, AND APPLICABLE VETERAN STATUS, IN THE ADMINISTRATION OF ITS EDUCATIONAL PROGRAMS ACTIVITIES, OR WITH RESPECT TO EMPLOYMENT. IT IS POLICY OF THE MARYLAND INSTITUTE TO PROVIDE THOSE AUXILIARY AIDS AND SERVICES THAT MAY BE NECESSARY TO ENSURE THAT NO INDIVIDUAL WITH A DISABILITY IS EXCLUDED, DENIED SERVICES, SEGREGATED, OR OTHERWISE TREATED DIFFERENTLY THAN OTHER INDIVIDUALS. THESE SERVICES CAN BE ARRANGED THROUGH THE DEAN OF STUDENTS. THESE POLICIES APPLY TO PRESENT AND PROSPECTIVE STUDENTS AND EMPLOYEES. PRESENT OR PROSPECTIVE STUDENTS DESIRING FURTHER INFORMATION SHOULD CONTACT THE OFFICE OF THE DEAN OF THE PROGRAM IN WHICH THEY ARE INTERESTED: UNDERGRADUATE: 410-225-2222 GRADUATE: 410-225-2255 CONTINUING STUDIES: 410-225-2219 PRESENT OR PROSPECTIVE EMPLOYEES SHOULD CONTACT THE DIRECTOR OF ADMINISTRATIVE SERVICES: 410-225-2406 SCHEDULE E, LINE 6A FUNDS PROVIDED BY THE U.S. GOVERNMENT UNDER THE FEDERAL PERKINS LOAN PROGRAM ARE LOANED TO QUALIFIED STUDENTS. FEDERAL STUDENT FINANCIAL AID PROGRAMS (INCLUDING PERKINS OR GUARANTEED LOAN PROGRAMS, GRANT AND WORK-STUDY PROGRAMS) FUNDED APPROXIMATELY 29% OF TUITION AND ROOM AND BOARD REVENUES IN 2010. true Central America and the Caribbean 3 Program Services STUDY ABROAD 12125 East Asia and the pacific 3 Program Services STUDY ABROAD 16143 Europe (Including Iceland and Greenland) 14 Program Services STUDY ABROAD 239661 Central America and the Caribbean Grantmaking 18350 East Asia and the pacific Grantmaking 491100 Europe (Including Iceland and Greenland) Grantmaking 101274 Middle East and North Africa Grantmaking 12400 North America Grantmaking 144024 Russia and the Newly Independent States Grantmaking 17400 South America Grantmaking 51050 South Asia Grantmaking 26000 Central America and the Caribbean Investments 7384515 20 20 8514042 8514042 EDUCATIONAL East Asia and the pacifi 59 491100 TUITION DISC FMV EDUCATIONAL Europe/Iceland/Greenland 13 101274 TUITION DISC FMV EDUCATIONAL Cent. America/Caribbean 2 18350 TUITION DISC FMV EDUCATIONAL North America 15 144024 TUITION DISC FMV EDUCATIONAL Russia 2 17400 TUITION DISC FMV EDUCATIONAL South America 4 51050 TUITION DISC FMV EDUCATIONAL South Asia 3 26000 TUITION DISC FMV EDUCATIONAL Middle East/North Africa 1 12400 TUITION DISC FMV true false true true true false Schedule F, Part I, Line 2 FOR FINANCIAL AID GRANTS/SCHOLARSHIPS, THE COLLEGE AWARDS THESE TO STUDENTS EACH SEMESTER BASED ON SEVERAL FACTORS. THE AWARDS ARE APPLIED DIRECTLY TO THE STUDENT'S ACCOUNT BALANCE FOR TUITION. true COMPETITIVE SCHOLARSHIPS 1522 15814267 GRADUATE SCHOLARSHIP 216 1707876 RESTRICTED SCHOLARSHIPS & AWARDS 503 1184817 UNDERGRADUATE GRANTS 840 2477326 FEDERAL COLLEGE WORK STUDY 347 315135 SUPPLEMENTAL EDUC. OPPORTUNITY GRANT 254 235500 MICA WORK STUDY 209 153291 CONTINUING STUDIES SCHOLARSHIPS 133 56450 DEPARTMENTAL SCHOLARSHIPS 138 114750 LUCAS SCHOLARSHIP 28 100450 FACULTY DEVELOPMENT GRANTS 42 42273 OTHER TUITION ASSISTANCE 6 820 SCHEDULE I, PART I, LINE 2 FOR FINANCIAL AID GRANTS/SCHOLARSHIPS, THE COLLEGE AWARDS THESE TO STUDENTS EACH SEMESTER BASED ON SEVERAL FACTORS. THE AWARDS ARE APPLIED DIRECTLY TO THE STUDENT'S ACCOUNT BALANCE FOR TUITION. FOR FACULTY DEVELOPMENT GRANTS, THE COLLEGE COLLECTS A DETAILED ACCOUNTING OF ALL GRANT RELATED EXPENDITURES ALONG WITH ALL CORRESPONDING RECEIPTS. ALL EXPENDITURES ARE REVIEWED TO ENSURE THAT THEY ARE RELATED TO THE GRANT AND THERE IS PROPER DOCUMENTATION. THE GRANT RECIPIENT ALSO SUBMITS A REPORT TO ACADEMIC AFFAIRS SUMMARIZING THEIR EXPERIENCE. X X X X false true false false false false false false false DOUGLAS L FROST 105012 0 0 0 0 0 12288 0 8646 0 125946 0 0 0 FRED LAZARUS IV 313675 0 0 0 0 0 155644 0 11987 0 481306 0 0 0 RAYMOND V ALLEN 235156 0 0 0 0 0 21650 0 9227 0 266033 0 0 0 J DAVIDSON PORTER 135460 0 0 0 0 0 12279 0 6396 0 154135 0 0 0 THERESA LYNCH BEDOYA 171118 0 0 0 0 0 15081 0 7261 0 193460 0 0 0 MICHAEL MOLLA 155267 0 0 0 0 0 0 0 9416 0 164683 0 0 0 DOUGLAS R MANN 198929 0 0 0 0 0 17969 0 8916 0 225814 0 0 0 THOMAS G HYATT 143872 0 0 0 0 0 13465 0 11300 0 168637 0 0 0 MICHAEL FRANCO 169495 0 0 0 0 0 15846 0 9656 0 194997 0 0 0 GUNALAN NADARAJAN 163723 0 0 0 0 0 10880 0 6965 0 181568 0 0 0 SCH J, Part 1, Line 4B Fred Lazarus was the only participant. He did receive a payment from the plan during the year in the amount of $564,234 which is treated as taxable compensation on his 2011 Form W-2. MHHEFA 520936091 574217VQ5 2006-01-05 30504380 MHHEFA BONDS 2006 false false false MHHEFA 520936091 574217G25 2007-06-27 38527968 MHHEFA BONDS 2007 false false false 0 0 30504380 4922160 0 0 412533 0 0 25169687 0 0 2008 false false true true 0 0 38527968 2251426 0 25557418 484015 0 0 7732558 0 0 2008 false true true true false false false false false 0.00000 0.00000 0.00000 true false false false false false 0.00000 0.00000 0.00000 true false false false false false false false false false false false false false false false false SCHEDULE K, PART 1, LINE B, COLUMN F PURPOSE OF 2007 BOND ISSUE REFUNDING OF 12/01/2001 BOND ISSUE, REFINANCE OF 2002 POOLED LOAN, AND ADDITIOONAL FUNDS FOR CONSTRUCTION OF RESIDENCE HALL AND FOR RENOVATION OF FACILITIES ON CAMPUS. SCHEDULE K, PART I REFUNDING OF 12/01/2001 BOND ISSUE, REFINANCE OF 2002 POOLED LOAN, AND ADDITIONAL FUNDS FOR CONSTRUCTION OF RESIDENCE HALL AND FOR RENOVATION OF FACILITIES ON CAMPUS. THERESA L BEDOYA VP-ADMISSIONS 136347 SPOUSES EMPLOYMENT false X 1 RESALE VALUE X X X ART SUPPLIES 15 0 0 X EQUIPMENT 10 0 0 1 false true false Schedule M, Part I, Line 33 The college does not record contributions of in-kind property in the accounting records unless it is an item of considerable value. (The College considers this to be anything over $20,000). In the current year, the college determined that no donations of in-kind property were of considerable value. FORM 990, PART VI, SEC C, LINE 19 FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 11B An electronic copy of the organization's Form 990 (including all schedules), was provided to each voting member of the organization's governing body prior to its filing with the IRS. The organization's officers and full Board of Trustees performed a high-level review of the prepared form 990 prior to filing it with the IRS. A more in-depth review was performed by the Board Finance Committee, which is comprised of trustees and officers. FORM 990, PART VI, SECTION B, LINES 15A AND 15B THE PRESIDENT'S SALARY IS REVIEWED BY A CHAIR APPOINTED PRESIDENTIAL REVIEW COMMITTEE/COMPENSATION COMMITTEE, THEN GOES TO THE BOARD IN EXECUTIVE SESSION. DURING THAT REVIEW, THEY COMPARE THE COLLEGE'S SALARIES WITH OTHER AICAD COLLEGES. IN ADDITION, THERE IS A PERIODIC OUTSIDE REVIEW. THE LAST REVIEW WAS DONE IN FEBRUARY 2007 BY KENNEDY AND RAND CONSULTING. NOTES OF THE DELIBERATION PROCESS ARE TAKEN AND MAINTAINED. OTHER OFFICERS' AND KEY EMPLOYEES' COMPENSATION IS REVIEWED AND APPROVED BY A COMMITTEE OF THE BOARD AND TAKES INTO ACCOUNT THE SALARIES OF COMPARABLE POSITIONS IN OTHER COLLEGES. NOTES OF THE DELIBERATION PROCESS ARE TAKEN AND MAINTAINED. FORM 990, PART VI, SECTION B, LINES 12A, 12B AND 12C EACH TRUSTEE AND OFFICER ANNUALLY SIGN A STATEMENT THAT AFFIRMS SUCH PERSON HAS RECEIVED AND CAREFULLY READ THE CONFLICT OF INTEREST POLICY, UNDERSTANDS AND AGREES TO COMPLY WITH THE POLICY, AND FURTHER UNDERSTANDS THAT THE COLLEGE IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. TRUSTEES AND OFFICERS ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. TRUSTEES OR OFFICERS WHO HAVE DECLARED OR HAVE BEEN FOUND TO HAVE A CONFLICT OF INTEREST SHALL REFRAIN FROM PARTICIPATING IN THE CONSIDERATION OF ANY PROPOSED TRANSACTION, UNLESS FOR SPECIAL REASONS THE BOARD REQUESTS INFORMATION OR INTERPRETATION FROM THE PERSON OR PERSONS INVOLVED, AND SHALL NOT VOTE, OR BE PRESENT AT THE TIME OF VOTING, ON ANY MATTER UNDER CONSIDERATION AT A BOARD OR COMMITTEE MEETING WHICH SUCH TRUSTEE HAS A KNOWN CONFLICT OF INTEREST. THE CHAIRMAN OF THE BOARD, WHO, TOGETHER WITH COUNSEL, SHALL BE RESPONSIBLE FOR ADMINISTRATION OF THIS POLICY. FORM 990, PART XI, LINE 5 OTHER CHANGES IN NET ASSETS UNREALIZED GAINS ON INVESTMENTS $8,461,411. FORM 990, PART VI, LINES 6 AND 7A MICA HAS MEMBERS AND THEY ARE THE SAME AS THE TRUSTEES. ACCORDING TO IRS INSTRUCTIONS, THESE QUESTIONS SHOULD NOT BE ANSWERED YES, IF THE MEMBERS ARE THE SAME AS THE TRUSTEES. THEREFORE, BOTH QUESTIONS 6 AND 7A HAVE BEEN ANSWERED NO. MICA GRADUATE STUDIO CENTER INC 1300 MOUNT ROYAL AVE BALTIMORE MD 21217 274939807 SPECIAL RE MD 501(C)(3) 11A MICA VARIOUS SPLIT INTEREST TRUSTS ANNUITY MD NONE Trust 0 0 false false false true false false false false false false false false false false false false false false