2026-03-24T18:44:29-05:00 2025-09-19 410746749 CLIFTONLARSONALLEN LLP 5255 EAST WILLIAMS CIRCLE SUITE 5000 TUCSON AZ 85711 990 2025-05-31 910916534 FORTISSIMO FORT 2067265020 1000 LENORA STREET SEATTLE WA 98121 JOE CATER CONTROLLER 2067265020 2026-03-23 1 1 JONATHAN WITTMANN P02338566 5207903500 2026-03-23 2024 2025-03-06 01:10:19Z X X JOE CATER 1000 LENORA STREET SEATTLE WA 98121 27817558 0 X WWW.CORNISH.EDU X 1914 WA AN ACCREDITED FOUR YEAR COLLEGE OFFERING BACCALAUREATE DEGREES IN THE PERFORMING AND VISUAL ARTS. X 9 9 0 9 0 0 3903738 27815075 20736442 1820 4685545 663 47181 0 29372906 27817558 6738526 72341744 0 0 12965305 927449 0 0 31648 10625093 261183 30328924 73530376 -956018 -45712818 72401541 0 26688723 0 45712818 0 X THE MISSION OF CORNISH COLLEGE OF THE ARTS IS TO PROVIDE STUDENTS ASPIRING TO BECOME PRACTICING ARTISTS WITH ANEDUCATIONAL PROGRAM OF THE HIGHEST POSSIBLE QUALITY, IN AN ENVIRONMENT, THAT NURTURES CREATIVITY AND INTELLECTUALCURIOSITY, WHILE PREPARING THEM TO CONTRIBUTE TO SOCIETY AS ARTISTS, CITIZENS, AND INNOVATORS. 0 0 73243305 72341744 1820 AN ACCREDITED FOUR-YEAR COLLEGE OFFERING BACCALAUREATE DEGREES IN THE PERFORMING AND VISUAL ARTS. 488 STUDENTS ATTENDED CORNISH COLLEGE IN THE 2024 FALL SEMESTER AND 437 STUDENTS ATTENDED IN THE 2025 SPRING SEMESTER. IN FY 2024/2025, 68 STUDENTS GRADUATED. IN ADDITION, THE EXTENSIONS PROGRAMS KNOWN AS CORNISH+, OFFERED NEW STUDIO-BASED CLASSES, YOUTH PROGRAMS AND STUDENT PERFORMANCES TO 278 PARTICIPANTS. ON SEPTEMBER 19TH, 2025, THE ORGANIZATION DISSOLVED AND ASSETS WERE TRANSFERRED TO THE UNIVERSITY OF SEATTLE. 73243305 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X X EMILY PARKHURST 2067265020 1000 LENORA ST SEATTLE WA 98121 EMILY PARKHURST INTERIM PRESIDENT 40.00 0.00 X X 265688 0 19394 CHERYL WYNNE INTERIM CFO 40.00 0.00 X 189004 0 1190 BRIAN HARLAN PROVOST (THRU 05/25) 40.00 0.00 X 108750 0 11685 MATT CARR CONTROLLER 40.00 0.00 X 109021 0 1277 LINDA KOA CHAIR 4.00 0.00 X X 0 0 0 MARIANNE FRANCIS VICE CHAIR 4.00 0.00 X X 0 0 0 MICHAEL FORTIN TREASURER 4.00 0.00 X X 0 0 0 KARL MOEHRING SECRETARY 4.00 0.00 X X 0 0 0 MICHAEL BARTLEY TRUSTEE 1.50 0.00 X 0 0 0 GARY FLUHRER TRUSTEE 1.50 0.00 X 0 0 0 JEFF LEHMAN TRUSTEE 1.50 0.00 X 0 0 0 MARGE LEVY TRUSTEE 1.50 0.00 X 0 0 0 LISA SCRIBANTE TRUSTEE 1.50 0.00 X 0 0 0 672463 0 33546 4 0 1 0 FAEGRE DRINKER BIDDLE & REATH LLP 320 S CANAL ST STE 3300 CHICAGO IL 60606 LEGAL SERVICES 263443 1 27815075 25539376 27815075 PARKING REVENUE 812930 1820 1820 1820 663 663 27817558 1820 0 663 72341744 72341744 221697 175251 39571 6875 492822 389575 87965 15282 27745 21933 4952 860 136903 108222 24436 4245 48282 38167 8618 1497 23510 11347 11785 378 17220 8311 8632 277 58940 28447 29546 947 4 2 2 480 363 113 4 2407 1820 569 18 28431 21492 6722 217 123657 93478 29236 943 TRANSPORTATION 4579 2210 2295 74 HOUSING & MEALS 1955 943 981 31 73530376 73243305 255423 31648 461641 0 3451 0 1023753 0 333903 0 0 0 199 0 0 307037 0 0 0 50878591 0 8610992 0 0 0 0 10781974 0 72401541 0 1681581 0 269554 0 4223000 0 7905213 0 12609375 0 26688723 0 X 36015826 0 9696992 0 45712818 0 72401541 0 -45712818 0 X 0 0 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X EDUCATION 0 12892315 12892315 12824898 10300 711877 505000 149760 12892315 11063722 491544 1713563 432640 11291 12824898 10761937 995590 -264064 415770 13971 11063722 10898426 1053853 -771205 392610 26527 10761937 0.00000 0.00000 0.00000 0 1 1 0 PART III, LINE 4: VARIOUS WORKS OF ART INCLUDING PAINTINGS, SKETCHES, AND PRINTS FOR THE EDUCATION OF STUDENTS AND FOR PUBLIC DISPLAY. PART V, LINE 4: ENDOWMENT FUNDS ARE HELD AND PRESERVED AT THE FAIR VALUE OF THE ORIGINAL GIFT WITH THE EARNINGS AWARDED AS SCHOLARSHIP 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 THE ORGANIZATION'S RACIALLY NONDISCRIMINATORY POLICY IS ON ITS HOME PAGE. SCHEDULE E, PART I, LINE 6 CORNISH RECEIVES FINANCIAL ASSISTANCE FROM THE US DEPARTMENT 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 THE WASHINGTON BUILDING FOR THE ARTS PROGRAM. 1 SEATTLE UNIVERSITY 901 12TH AVENUE SEATTLE WA 98122 910565006 501(C)(3) 465093 71876651 FMV INVESTMENTS, RECEIVABLES, AND DISSOLUTION 1 0 PART I, LINE 2: ASSETS WERE TRANSSFERRED TO SEATTLE UNIVERSITY IN ACCORDANCE WITH THE ORGANIZATION'S BYLAWS AND STATE AND FEDERAL LAW FOR DISSOLUTION OF A 501(C)3. X X X 1 0 0 0 0 0 0 0 0 EMILY PARKHURST INTERIM PRESIDENT 204517 0 0 0 61171 0 0 0 19394 0 285082 0 0 0 CHERYL WYNNE INTERIM CFO 137392 0 0 0 51612 0 0 0 1190 0 190194 0 0 0 PART I, LINE 4A THE FOLLOWING RECEIVED SEVERANCE IN 2025: MATTHEW CARR: $37,500 EMILY PARKHURST: $47,380 CHERYL WYNNE -$51,559 X ACCOUNTS PAYABLE, UNEARNED REVENUE, AND OTHER LIABILITIES 1 29323239 FMV 0 0 0 CASH, INVESTMENTS, RECEIVABLES, PREPAID EXPENSES, ROU ASSETS, PROPERTY AND EQUIPMENT. 2025-06-03 76125607 BOOK VALUE OF ASSETS AT TIME OF TRANSACTION, INVESTMENTS REPORTED AT MARKET VALUE AT TIME OF TRANSACTION. 910565006 SEATTLE UNIVERSITY 901 12TH AVENUE SEATTLE WA 98122 GOVT ENTITY 0 1 0 1 1 1 1 1 1 1 PART I, LINE 2E: PERSON(S) INVOLVED: MATTHEW CARR, EMILY PARKHURST, BRIAN HARLAN PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: MATTHEW CARR, FORMER CONTROLLER, BECAME A TEMPORARY SEATTLE UNIVERSITY EMPLOYEE UNTIL 9/26/25 AND RECEIVED A SEVERANCE PAYMENT DUE TO THE DISSOLUTION OF THE ORGANIZATION.EMILY PARKHURST, FORMER PRESIDENT, BECAME A TEMPORARY SEATTLE UNIVERSITY EMPLOYEE UNTIL 12/31/25 AND RECEIVED A SEVERANCE PAYMENT DUE TO THE DISSOLUTION OF THE ORGANIZATION.BRIAN HARLAN, FORMER PROVOST, WAS HIRED PERMANENTLY AT SEATTLE UNIVERSITY. PART I, LINE 6C: THE WASHINGTON HIGHER EDUCATION FACILITIES TAX-EXEMPT BOND LIABILITIES WERE PAID OFF VIA A LINE OF CREDIT PRIOR TO DISSOLUTION. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE BEEN GRANTED AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE ORGANIZATIONS INDEPENDENT CPA WITH INFORMATION PROVIDED BY MANAGEMENT. A COPY OF THE 990 WAS REVIEWED BY THE CFO AND PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C AS REQUIRED BY THE COLLEGE'S CONFLICT OF INTEREST POLICY, BOARD MEMBERS COMPLETE AN ANNUAL SURVEY THAT IS REVIEWED BY THE BOARD AND THE OFFICERS OF THE COLLEGE. THE BOARD'S TRUSTEESHIP AND GOVERNANCE COMMITTEE IS RESPONSIBLE FOR OVERSIGHT AND ENFORCEMENT OF CONFLICT OF INTEREST POLICIES AND PROCEDURES. ANY POTENTIAL CONFLICTS OF INTEREST ARE REPORTED TO THE AUDIT COMMITTEE FOR DETERMINATION OF WHETHER A CONFLICT OF INTEREST EXISTS AND ANY APPROPRIATE ACTIONS THAT ARE NEEDED AS A RESULT. IF A CONFLICT EXISTS, THE BOARD SHALL DETERMINE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN CORNISH'S BEST INTEREST, THEN THE BOARD SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED TRUSTEES WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15A 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. DOCUMENTATION OF THE SUBCOMMITTEE DELIBERATION AND RECOMMENDATION IS HELD BY THE COLLEGE'S OFFICE OF HUMAN RESOURCES. THIS PROCESS WAS LAST COMPLETED IN 2024. THE PRESIDENT ANNUALLY REVIEWS OFFICERS' PERFORMANCES AND DETERMINES COMPENSATION. SALARY SURVEYS AND OTHER RESEARCH ARE USED IN DETERMINING COMPENSATION FOR OFFICERS. THIS PROCESS WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. CORNISH FOUNDATION 1000 LENORA ST SEATTLE WA 98121 912105614 ENDOWED SCHOLARSHIPS WA 501(C)(3) LINE 12A, I CORNISH COLLEGE OF THE ARTS 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0