Civic Intelligence

Art Center College of Design

EIN 95-1921340 • 501(c)3 • Pasadena, CA

Profile

Our mission is to educate, inspire, and empower creative and design leaders.

1700 Lida StreetPasadena, CA 91103

www.artcenter.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

58th percentile

0.37x

Higher debt load relative to assets than 58% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Liabilities / Revenue

71st percentile

0.89x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Net Margin

70th percentile

12%

Higher net margin than 70% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Top Officer Pay

37th percentile

$627,725

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Asset Growth

48th percentile

5.8%

Faster asset growth than 48% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Revenue Growth

72nd percentile

18%

Faster revenue growth than 72% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Assets

Up

$427,748,901

Up $23,295,326 (+5.8%) from 2024

Liabilities

Down

$157,259,831

Down $11,066,519 (-6.6%) from 2024

Net Assets

Up

$270,489,070

Up $34,361,845 (+15%) from 2024

Revenue

Up

$177,263,410

Up $27,125,017 (+18%) from 2024

Expenses

Down

$155,357,867

Down $1,998,900 (-1.3%) from 2024

Net Income

Up

$21,905,543

Up $29,123,917 (+403%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600M$400M$200M$0Assets 2011: $143,198,243Liabilities 2011: $45,440,164Net Assets 2011: $97,758,0792011Assets 2012: $169,138,227Liabilities 2012: $71,571,741Net Assets 2012: $97,566,4862012Assets 2013: $187,036,479Liabilities 2013: $66,564,532Net Assets 2013: $120,471,9472013Assets 2014: $204,640,473Liabilities 2014: $67,626,880Net Assets 2014: $137,013,5932014Assets 2015: $232,862,178Liabilities 2015: $90,177,958Net Assets 2015: $142,684,2202015Assets 2016: $239,454,967Liabilities 2016: $95,347,126Net Assets 2016: $144,107,8412016Assets 2017: $258,162,227Liabilities 2017: $88,849,457Net Assets 2017: $169,312,7702017Assets 2018: $272,587,948Liabilities 2018: $88,450,711Net Assets 2018: $184,137,2372018Assets 2019: $329,861,876Liabilities 2019: $139,489,455Net Assets 2019: $190,372,4212019Assets 2020: $332,038,708Liabilities 2020: $137,397,734Net Assets 2020: $194,640,9742020Assets 2021: $369,337,873Liabilities 2021: $137,155,957Net Assets 2021: $232,181,9162021Assets 2022: $387,750,252Liabilities 2022: $174,776,745Net Assets 2022: $212,973,5072022Assets 2023: $392,596,618Liabilities 2023: $169,754,824Net Assets 2023: $222,841,7942023Assets 2024: $404,453,575Liabilities 2024: $168,326,350Net Assets 2024: $236,127,2252024Assets 2025: $427,748,901Liabilities 2025: $157,259,831Net Assets 2025: $270,489,0702025

Highlighted filing

2025

Assets$427,748,901
Liabilities$157,259,831
Net Assets$270,489,070

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200M$150M$100M$50M$0-$50MExpenses 2011: $101,449,5672011Revenue 2012: $110,459,853Expenses 2012: $102,489,121Net Income 2012: $7,970,7322012Expenses 2013: $108,456,9232013Revenue 2014: $121,050,165Expenses 2014: $118,209,055Net Income 2014: $2,841,1102014Revenue 2015: $94,138,402Expenses 2015: $99,617,777Net Income 2015: -$5,479,3752015Revenue 2016: $117,484,396Expenses 2016: $104,221,943Net Income 2016: $13,262,4532016Revenue 2017: $119,144,277Expenses 2017: $109,520,799Net Income 2017: $9,623,4782017Revenue 2018: $130,852,835Expenses 2018: $123,196,348Net Income 2018: $7,656,4872018Revenue 2019: $132,644,259Expenses 2019: $129,239,511Net Income 2019: $3,404,7482019Revenue 2020: $136,246,273Expenses 2020: $136,822,247Net Income 2020: -$575,9742020Revenue 2021: $138,568,256Expenses 2021: $132,770,415Net Income 2021: $5,797,8412021Revenue 2022: $147,178,248Expenses 2022: $142,354,227Net Income 2022: $4,824,0212022Revenue 2023: $144,955,105Expenses 2023: $149,599,946Net Income 2023: -$4,644,8412023Revenue 2024: $150,138,393Expenses 2024: $157,356,767Net Income 2024: -$7,218,3742024Revenue 2025: $177,263,410Expenses 2025: $155,357,867Net Income 2025: $21,905,5432025

Highlighted filing

2025

Revenue$177,263,410
Expenses$155,357,867
Net Income$21,905,543

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$428$157$270$177$155$21.9
2024Detailed filing. Detailed filing data is available for this year.$404$168$236$150$157$7.22
2023Detailed filing. Detailed filing data is available for this year.$393$170$223$145$150$4.64
2022Detailed filing. Detailed filing data is available for this year.$388$175$213$147$142$4.82
2021Detailed filing. Detailed filing data is available for this year.$369$137$232$139$133$5.80
2020Detailed filing. Detailed filing data is available for this year.$332$137$195$136$137$0.58
2019Detailed filing. Detailed filing data is available for this year.$330$139$190$133$129$3.40
2018Detailed filing. Detailed filing data is available for this year.$273$88.5$184$131$123$7.66
2017Detailed filing. Detailed filing data is available for this year.$258$88.8$169$119$110$9.62
2016Detailed filing. Detailed filing data is available for this year.$239$95.3$144$117$104$13.3
2015Detailed filing. Detailed filing data is available for this year.$233$90.2$143$94.1$99.6$5.48
2014Detailed filing. Detailed filing data is available for this year.$205$67.6$137$121$118$2.84
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$187$66.6$120$108
2012Summary only. Only limited summary data is available for this year.$169$71.6$97.6$110$102$7.97
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$143$45.4$97.8$101
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 11, 2026
Return Version
2024v5.5
Gross Receipts
$235,553,380
Mission and Program Overview

Mission

Our mission is to educate, inspire, and empower creative and design leaders.

Art center college of design operates an independent, four-year curriculum to educate artists and designers in communication arts and industrial design that extends its legacy of professional art and design practice and enables its graduates to realize success, fulfillment, and recognition in their chosen fields.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$188,953,826$188,293,721▼ $660,105
Investments Other Securities$125,969,594$131,250,859▲ $5,281,265
Investments in Publicly Traded Securities$60,059,392$72,085,756▲ $12,026,364
Cash and Non-Interest-Bearing Accounts$8,033,730$23,041,260▲ $15,007,530
Accounts Receivable$5,261,082$6,493,799▲ $1,232,717
Savings and Temporary Cash Investments$10,522,182$2,383,257▼ $8,138,925
Prepaid Expenses and Deferred Charges$2,082,233$1,964,711▼ $117,522
Other Notes and Loans Receivable, Net$230,000$230,000→ $0
Inventories for Sale or Use$154,622$199,039▲ $44,417
Pledges and Grants Receivable$1,231,844$98,424▼ $1,133,420
Investments Program Related$30,431$22,679▼ $7,752
Total Assets$404,453,575$427,748,901▲ $23,295,326
Other Assets Total$1,924,639$1,685,396▼ $239,243
Liabilities
Tax Exempt Bond Liabilities$140,723,353$137,282,048▼ $3,441,305
Deferred Revenue$12,470,878$10,752,888▼ $1,717,990
Accounts Payable and Accrued Expenses$15,020,857$9,119,452▼ $5,901,405
Other Liabilities$111,262$105,443▼ $5,819
Total Liabilities$168,326,350$157,259,831▼ $11,066,519
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$127,771,559$139,169,820▲ $11,398,261
Net Assets With Donor Restrictions$108,355,666$131,319,250▲ $22,963,584
Total Net Assets Fund Balance$236,127,225$270,489,070▲ $34,361,845
Total Liabilities and Net Assets / Fund Balance$404,453,575$427,748,901▲ $23,295,326

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$174,107,042$40,909,797$215,016,839
Land$9,979,957-$9,979,957
Equipment$1,461,535$7,816,761$9,278,296
Other Land Buildings$2,745,187$606,520$3,351,707
Other Securities$26,370,420--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$152,688,000$22,223,000▲ $18,120,000$5,570,000$182,314,000
2023$137,353,000$736,000▲ $19,332,000$567,000$152,688,000
2022$127,039,000$2,213,000▲ $14,249,000$1,522,000$137,353,000
2021$133,281,000$19,722,000▼ $19,440,000$1,981,000$127,039,000
2020$98,145,000$16,221,000▲ $33,233,000$2,527,000$133,281,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen HofmannPresident/CEOFT$550,087$77,638$627,725
Tom SternSVP, Enrollment Mgmt/student AffairsFT$286,381$39,631$326,012
Anne BurdickProvostFT$270,540$43,783$314,323
Melanie BurzynskiSVP, AdvancementFT$300,920$7,454$308,374
Kristine BowneVP, Prof Dev & Industry EngagementFT$151,184$152,476$303,660
Maggie HendrieDepartment ChairFT$227,260$40,284$267,544
Theresa ZixVP, Information TechnologyFT$232,816$28,237$261,053
Lisa SanchezVP, Employee Experience & EngagementFT$231,761$26,184$257,945
Ross LamannaDepartment ChairFT$109,597$142,907$252,504
Aaron BruceVP, Chief Div Officer (thru 12/2024)FT$193,411$55,295$248,706
Jim PooreSVP, Marketing & CommunicationsFT$196,646$9,173$205,819
Richard HaluschakFormer SVP, Cf&ao (thru 1/2024)FT$38,631$134,476$173,107
Elsa LunaSVP, Chief Fin & Admin OfficerFT$160,198$5,301$165,499

Board Members and Trustees

NameTitle
Michael M WarsawTrustee/chair
Linda a HillTrustee/first Vice Chair
Bruce HeavinTrustee
Charles E NearburgTrustee
Christopher J BirchbyTrustee
Clarence a Daniels JrTrustee
David C MartinTrustee
Franz Von HolzhausenTrustee
Ivy RossTrustee
Janice FeldmanTrustee
Jeffrey C BarbakowTrustee
Kevin G BethuneTrustee
Melissa LoraTrustee
Merle MullinTrustee
Michele RuizTrustee
Paul RaineyTrustee
Phillip SarofimTrustee
Prajna MurdayaTrustee
Ronald BensionTrustee
Sarah E GavlakTrustee
Timothy M KobeTrustee
William T GrossTrustee
Zachary E SnyderTrustee
Joe TsengTrustee (start 6/2025)
Mariana PrietoTrustee (start 6/2025)
Dantley DavisTrustee (thru 1/2025)
Steven M HitterTrustee/secretary
Tom GilmoreTrustee/treasurer (thru 2/2025)

Highest Paid Contractors

ContractorServicesLocationCompensation
Del Amo Construction LLCConstruction Services19191 S VERMONT AVE 950, Torrance, CA 90502$11,662,190
Securitas Security Services USASecurity Services4330 PARK TERRACE DR, Westlake Village, CA 91361$3,837,976
Sodexo INC And AffiliatesFood And Catering Services400 AIRBORNE PARKWAY, Cheektowaga, NY 14225$1,655,105
Pbm Facility ServicesJanitorial ServicesPO BOX 6534, Pasadena, CA 91109$1,612,600
Land Office Business CorporationEngineering Design Services453 S SPRING STREET 508, Los Angeles, CA 90013$1,177,474
Revenue and Support

Revenue Composition

Contributions and Grants
$26,036,663
Program Service Revenue
$141,324,251
Investment Income
$8,444,131
Other Revenue
$1,458,365
All Other Contributions
$26,030,673
Change in Net Assets
$21,905,543

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded7$352,935Fair Market Value
Total Noncash Contributions7$352,935-

Audited Revenue Reconciliation

Revenue per Audited Statements
$177,462,826
Revenue Not Reported on Financial Statements
$-199,416
Revenue Not Reported on Form 990
$-16,393,730
Other Revenue Adjustments
$-199,416
Total Revenue per Audited Statements
$161,069,096
Total Revenue per Form 990
$177,263,410
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$76,531,651
Other Expenses$49,482,233
Grants and Similar Amounts Paid$29,343,983
Total Fundraising Expense$2,377,965
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$55,772,557$2,267,033$997,731$59,037,321
Grants to Domestic Individuals$29,343,983--$29,343,983
Fees for Services Other$10,410,665$423,171$186,239$11,020,075
Information Technology$8,128,618$330,411$145,415$8,604,444
Other Employee Benefits$7,280,400$295,932$130,241$7,706,573
Depreciation Depletion$6,998,298$284,466$125,194$7,407,958
Occupancy$5,995,667$411,711$107,258$6,514,636
Office Expenses$5,066,299$205,934$90,632$5,362,865
Interest$5,018,997$204,011$89,786$5,312,794
Payroll Taxes$4,302,380$174,882$76,966$4,554,228
Pension Plan Contributions$2,683,847$109,093$48,012$2,840,952
Insurance$2,405,357$97,773$43,030$2,546,160
Current Officers, Directors, Trustees, and Key Employees$664,563$1,415,061$312,953$2,392,577
Travel$932,969$37,923$16,690$987,582
Fees for Services Legal-$659,982-$659,982
Fees for Service Investment Mgmnt Fees-$366,683-$366,683
Advertising$256,684$10,434$4,592$271,710
Fees for Services Accounting-$181,570-$181,570
Conferences and Meetings$77,473$3,149$1,386$82,008
All Other Expenses-$54,977-$54,977
Other Expenses$-562,546$-22,866$-10,064$-595,476
Total Functional Expenses$145,441,528$7,538,374$2,377,965$155,357,867

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$155,357,867
Total Expenses per Audited Statements$126,727,253
Expenses per Audited Statements$126,247,816
Expenses Not Reported on Financial Statements$29,110,051
Other Expense Adjustments$29,110,051
Expenses Not Reported on Form 990$479,437
International Activity

International Summary

Offices
1
Employees
6
Spending
$3,862,648

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments-00$2,906,648
Europe (including Iceland & Greenland)Program ServicesBERLIN, GERMANY STUDY AWAY PROGRAMMING; LONDON ANCIENT MODERN STUDY AWAY PROGRAMMING14$797,000
East Asia and the PacificProgram ServicesTOKYO, JAPAN, TAMA UNIVERSITY STUDY AWAY PROGRAMMING; KYOTO AND OSAKA, JAPAN STUDY AWAY PROGRAMMING; THAILAND STUDY AWAY PROGRAMMING02$159,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuity Obligations$105,443

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACalifornia Educational Facilities Authority2018-08-30$114,304,457Refund bond dated 7/16/2014 and construct, equip, and improve facilities
BCalifornia Educational Facilities Authority2022-02-10$40,098,184Construct, equip, and improve facilities

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$115,703,926$61,305,000$9,630,000$954,606
B$41,957,060-$1,720,000$417,901

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed first by the controller and the chief financial and administrative officer. It is then reviewed by the audit committee of the board of trustees and an electronic copy is made available to the full board of trustees prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

The college has conflict of interest policies that cover all trustees, officers, and key employees. All trustees must attest annually that they are in compliance with the applicable policy. The statements are reviewed each year by the audit committee which determines whether or not an actual, apparent or potential conflict exists. The audit committee then refers all actual, apparent, or potential conflicts to the full board of trustees who will determine by a two-thirds majority vote whether or not acceptance of the conflict is in the college's best interest. Officers and key employees are bound by a similar but separate conflict of interest policy and acknowledge and agree to adhere to it annually in writing.

Form 990, Part VI, Section B, Line 15

A) president/ceo and senior vice president, chief financial and administrative officer - the compensation committee of the board of trustees reviews comparable data from a variety of sources and includes research and advice from one or more external compensation consultants and attorneys. The compensation committee then makes a recommendation to the full board of trustees for approval. Compensation is reviewed on an annual basis. B) other officers and key employees - the president/ceo sets the salaries for these positions using comparable data from external sources including at least one professional compensation consultant. Compensation is reviewed on an annual basis.

Form 990, Part VI, Section C, Line 19

The articles of incorporation, bylaws, conflict of interest policy, and audited financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Art Center College of Design
EIN
95-1921340
Phone
6263962200
Address
1700 LIDA STREET, PASADENA, CA 91103

Signing Officer

Name
Elsa Luna
Title
SVP, Cfao
Phone
6263962200
Signed
2026-03-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Hofmann
Formed
1930
Legal Domicile
CA
Voting Board Members
27
Independent Board Members
26
Employees
2,134
Volunteers
115

Preparer

Firm
Baker Tilly Advisory Group Lp
Address
3121 W MARCH LN STE 200, STOCKTON, CA 95219-2367
Preparer
Lauren a Haverlock
Phone
2099556100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Net change in actuarial obligations -58,000. Unrelated business income not recorded on books -6,021.

Financial Statement Notes

PART V, LINE 4:

The endowments are restricted by the donors for scholarships and support for educational programs and initiatives. The board-designated quasi-endowment is restricted for scholarships.

PART X, LINE 2:

The college had no uncertain tax positions for the years ended june 30, 2025 and 2024.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Student financial aid -29,110,051.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Rental expenses -205,437. Ubi from passthroughs 6,021.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses 205,437. Net change in actuarial obligations 58,000.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Student financial aid 29,110,051.

Raw XML AppendixShowing 400 of 1,312 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0THE COLLEGE OPERATES AN INDEPENDENT, FOUR-YEAR CURRICULUM TO EDUCATE ARTISTS AND DESIGNERS IN COMMUNICATION ARTS AND INDUSTRIAL DESIGN. THE COLLEGE OFFERS A BACHELOR OF FINE ARTS DEGREE IN SIX MAJORS (CREATIVE DIRECTION; FILM; FINE ART; GRAPHIC DESIGN; ILLUSTRATION; AND PHOTOGRAPHY AND IMAGING) AND A BACHELOR OF SCIENCE DEGREE IN FIVE MAJORS (ENTERTAINMENT DESIGN; INTERACTION DESIGN; PRODUCT DESIGN; SPATIAL EXPERIENCE DESIGN; AND TRANSPORTATION DESIGN). GRADUATE PROGRAMS LEAD TO THE MASTER OF FINE ARTS DEGREE IN: FILM; ART; MEDIA DESIGN PRACTICES; AND GRAPHIC DESIGN. THE GRADUATE PROGRAMS THAT OFFER THE MASTER OF SCIENCE DEGREE ARE: FURNITURE, LIGHTING & FIXTURES; SPATIAL EXPERIENCE DESIGN; INDUSTRIAL DESIGN; AND TRANSPORTATION SYSTEMS AND DESIGN. TWO GRADUATE PROGRAMS AWARD AN ONLINE MASTER OF DESIGN (MDES) DEGREE IN BRAND DESIGN AND STRATEGY AND INTERACTION DESIGN. ALL EXPENDITURES RELATE TO ACADEMIC INSTRUCTION, PROGRAM SUPPORT AND OPERATION OF THE COLLEGE. THE FTE ENROLLMENT FOR JULY 2024 TO JUNE 2025 WAS APPROXIMATELY 2,188 (FALL 2024), 2,068 (SPRING 2025) AND 768 (SUMMER 2025) STUDENTS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE/SECRETARY

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