2024-11-14T14:41:41-06:00 2024-06-30 621199757 LBMC PC 325 WEST MAIN STREET STE 1600 LOUISVILLE KY 40202 990 2023-07-01 272232797 KENTUCKY COLLEGE OF ART DESIGN KENT 5024306191 505 WEST ORMSBY AVENUE LOUISVILLE KY 40203 MOIRA PAYNE PRESIDENT 5024306191 2024-11-14 1 0 MEAGHAN REYNOLDS P01336301 5025851600 2023 2024-10-15 13:58:12Z MOIRA PAYNE 505 WEST ORMSBY AVENUE LOUISVILLE KY 40203 3846179 0 X WWW.KYCAD.ORG X 2009 KY THE KENTUCKY COLLEGE OF ART AND DESIGN PROMOTES A CREATIVE AND PRODUCTIVE LIFE THROUGH AN UNDERGRADUATE EDUCATION IN THE CONTEMPORARY ARTS. 26 25 43 25 0 0 3029778 3149255 476250 622500 112382 3317 19758 71107 3638168 3846179 476250 622500 0 0 1975675 2118932 0 0 248932 870277 834526 3322202 3575958 315966 270221 4989386 5931483 7366 679242 4982020 5252241 X THE KENTUCKY COLLEGE OF ART AND DESIGN OPENS THE DOOR TO A CREATIVE AND PRODUCTIVE LIFE THROUGH AN UNDERGRADUATE EDUCATION IN THE CONTEMPORARY ARTS. 0 0 2540147 622500 622500 FOUNDED IN 2009, KENTUCKY COLLEGE OF ART AND DESIGN IS PROUD OF ITS SUCCESS. CORE VALUES AND PRINCIPLES HAVE HELPED TO SHAPE THE INSTITUTION AND OUR WORK TOWARD A MISSION TO PROVIDE A TRANSFORMATIONAL EXPERIENCE FOR OUR STUDENTS. AS A BRAND-NEW INDEPENDENT COLLEGE LOOKING TO DEMONSTRATE THE VALUE OF THE ARTS TO SOCIETY, WE EMBRACE THE ABILITY OF THE ARTS TO REFLECT A GENERATION'S INTERESTS AND OPINIONS. THIS COLLEGE PLACES THE MEANING OF PRACTICE AND THE ARTIST'S VOICE BESIDE THE SKILLS AND THE TOOLS WITH WHICH WE SPEAK.FROM OUR HISTORIES TO NEW TECHNOLOGIES, FROM OUR CRAFTS AND MATERIAL PRACTICES TO A NEW DIGITAL WORLD OF THE VIRTUAL AND UNREAL, WE INVESTIGATE THE VERY ROOTS OF WHAT IT MEANS TO BE HUMAN IN A WIDE VARIETY OF WAYS. ARTISTS USE NOT ONLY INTUTION AND SPECULATION, BUT ALSO SPIRITUAL, EMOTIONAL, ANALYTICAL AND MATERIAL WAYS TO SEARCH FOR NEW KNOWLEDGE.IN NOVEMBER OF 2018, THE KENTUCKY COUNCIL ON POST SECONDARY EDUCATION GRANTED THE KENTUCKY COLLEGE OF ART AND DESIGN THE AUTORITY TO GRANT A BFA IN STUDIO ART. 2540147 1 1 0 0 0 0 0 1 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 1 43 1 0 0 0 0 0 0 0 0 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X DENISE O'DONNELL 5024306191 505 W ORMSBY AVENUE LOUISVILLE KY 40203 CHURCHILL G DAVENPORT CHANCELLOR 40.00 X X 100000 0 2000 JOHN BIRNSTEEL CHAIR 1.00 X X 0 0 0 GREG POPE BOARD MEMBER 1.00 X 0 0 0 TODD LOWE BOARD MEMBER 1.00 X X 0 0 0 PHILIP ANDERTON SECRETARY 1.00 X X 0 0 0 JULIET GRAY BOARD MEMBER 1.00 X 0 0 0 RICK W SMITH SR VICE CHAIR 1.00 X X 0 0 0 JOHN E BROOKS BOARD MEMBER 1.00 X 0 0 0 LAURA LEE BROWN BOARD MEMBER 1.00 X 0 0 0 OWSLEY BROWN III BOARD MEMBER 1.00 X 0 0 0 CHARLES CASH BOARD MEMBER 1.00 X 0 0 0 FREDERIC H DAVIS BOARD MEMBER 1.00 X 0 0 0 SENATOR GERALD NEAL BOARD MEMBER 1.00 X 0 0 0 JULIEN ROBSON BOARD MEMBER 1.00 X 0 0 0 YAMILCA RODRIGUEZ BOARD MEMBER 1.00 X 0 0 0 BARBARA SEXTON SMITH BOARD MEMBER 1.00 X 0 0 0 ELIZABETH PERRY SPALDING BOARD MEMBER 1.00 X 0 0 0 TERRY W TYLER BOARD MEMBER 1.00 X 0 0 0 JOSHUA WATKINS BOARD MEMBER 1.00 X 0 0 0 TANNER WATKINS BOARD MEMBER 1.00 X 0 0 0 WILLIAM MAURICE BROWN BOARD MEMBER 1.00 X 0 0 0 JAMES E HAYNES BOARD MEMBER 1.00 X 0 0 0 BRETT OPPENHEIMER BOARD MEMBER 1.00 X 0 0 0 NATHAN WATCHEL TREASURER 1.00 X X 0 0 0 MICHAEL ALDRIDGE BOARD MEMBER 1.00 X 0 0 0 JOHN MACLEAN BOARD MEMBER 1.00 X 0 0 0 MOIRA SCOTT PAYNE PRESIDENT 40.00 X 290215 0 12237 CHRIS GLASSER CHIEF FINANCIAL OFFICER 40.00 X 107250 0 2145 JOYCE OGDEN VP OF ACADEMIC AFFAIRS 40.00 X 130215 0 8341 ALICE ALT VICE PRESIDENT OF ADVANCEM 40.00 X 110000 0 2200 737680 0 26923 4 0 1 0 0 3149255 3149255 TUITION AND FEES 611310 622500 622500 622500 3317 3317 18768 0 18768 18768 18768 MISCELLANEOUS 900099 52339 52339 52339 3846179 622500 0 74424 622500 622500 643267 472843 100258 70166 594496 436993 92657 64846 160575 118033 33827 8715 161946 126478 27600 7868 558648 410643 87069 60936 2392 2392 19675 19675 149919 88365 47665 13889 21086 13656 6675 755 78222 60467 14658 3097 296228 41195 255033 35160 32750 2410 875 875 96384 56244 40140 51513 51513 EVENT EXPENSES 31766 18374 13392 ACCREDIDATION FEES 26468 26468 MISCELLANEOUS 11789 5411 1938 4440 PROFESSIONAL DEVELOPMEN 10740 8469 2271 2309 1258 223 828 3575958 2540147 786879 248932 504 504 571138 137272 4339521 5289868 2864 4828 613880 495943 75359 117937 0 19283 0 361791 4989386 5931483 1650 15787 0 300000 5716 363455 7366 679242 X 3856232 4256905 1125788 995336 4982020 5252241 4989386 5931483 270221 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 259050 174567 84483 354830 321376 33454 117937 RIGHT-TO-USE OPERATING LEASE ASSET 341791 ART COLLECTION 20000 361791 OTHER LIABILITIES 15838 OPERATING LEASE LIABILITIES 347617 363455 X 3248056 24377 -622500 -598123 3846179 0 3846179 2977835 24377 24377 2953458 622500 622500 3575958 PART III, LINE 4: THE COLLEGE'S ART COLLECTION CONSISTS OF PAINTINGS, SCULPTURES AND ARTIFACTS OF HISTORICAL SIGNIFICANCE AND ARE HELD FOR EDUCATIONAL, CULTURAL AND CURATORIAL PURPOSES. PART X, LINE 2: THE COLLEGE IS A NONPROFIT ORGANIZATION AS DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE COLLEGE HAS NOT HAD UNRELATED BUSINESS REVENUES DURING THE YEARS ENDED JUNE 30, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS -622,500. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 622,500. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE KENTUCKY COLLEGE OF ART AND DESIGN HAS PLACED ITS NONDISCRIMINATORY POLICY IN THE LOUISVILLE COURIER JOURNAL. THE POLICY IS ALSO OPENLY DISCLOSED ON ADMISSION DOCUMENTS, ITS WEBSITE, PROMOTIONAL MATERIALS AND RADIO ADVERTISING. 1 SCHOLARSHIPS 23 622500 COST SCHOLARSHIPS PART I, LINE 2: SCHOLARSHIPS ARE AWARDED TO STUDENTS PURSUING THEIR BACHELOR OF FINE ARTS DEGREE AT THE KENTUCKY COLLEGE OF ART AND DESIGN. SCHOLARSHIP VALUES ARE BASED ON THE STUDENTS' FINANCIAL NEED AND ACADEMIC ABILITIES. THE KENTUCKY COLLEGE OF ART AND DESIGN REVIEWS AND ENSURES THE AWARDS GIVEN TO THE STUDENTS ARE WITHIN THE COLLEGES GUIDELINES. X 0 0 0 0 0 0 0 0 0 MOIRA SCOTT PAYNE PRESIDENT 290215 0 0 0 0 0 5800 0 6437 0 302452 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS FORMALLY REVIEWED BY THE FINANCE COMMITTEE BEFORE FILING WITH THE IRS. THE FINANCE COMMITTEE THEN REPORTS THEIR MEETING TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE KENTUCKY COLLEGE OF ART AND DESIGNS BOARD OF DIRECTORS CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH CONFLICT OF INTEREST POLICY. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT A STATEMENT WHICH AFFIRMS THEY HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, THEY HAVE READ AND UNDERSTAND THE POLICY AND THAT THEY AGREE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 REASONABLE COMPENSATION DECISIONS ARE BASED ON RECOMMENDATIONS FROM CUPA-HR, THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES. ANY VOTING MEMBER OF THE GOVERNING BOARD WHO RECEIVES COMPENSATION DIRECTLY OF INDIRECTLY, FROM KYCAD FOR SERVICES IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THE MEMBERS COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE KENTUCKY COLLEGE OF ART AND DESIGN MAKES ITS GOVERNING DOCUMENT, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEARS.