Nonprofit · EIN 52-0591661
MARYLAND INSTITUTE
Also known as MARYLAND INSTITUTE COLLEGE OF ART
Tax-exempt · BALTIMORE, MD 21217
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $120,548,710 | $124,620,999 | -$4,072,289 | $317,526,300 | $92,974,746 | $224,551,554 |
| May 31, 2024 | 990 | $134,606,537 | $126,122,588 | $8,483,949 | $321,267,295 | $95,568,576 | $225,698,719 |
| May 31, 2023 | 990 | $122,163,054 | $122,581,866 | -$418,812 | $319,808,678 | $99,511,371 | $220,297,307 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $11,860,799
- of which government grants
- $7,363,965
- Program service revenue
- $98,278,132
- Investment income
- $8,382,072
- Royalties
- $22,811
- Net rental income
- $151,219
- Net gain from sales of assets
- $4,651,313
- Net income from sales of inventory
- $285,644
- Tax-exempt bond proceeds
- $570,567
- Other revenue
- $2,027,707
Expenses
- Grants and similar amounts paid
- $37,033,371
- Compensation of officers, directors and key employees
- $2,972,536
- Other salaries and wages
- $36,872,815
- Salaries, compensation and benefits (total)
- $48,567,286
- Professional fundraising fees
- $0
- Legal fees
- $225,333
- Accounting fees
- $215,300
- Occupancy
- $6,586,238
- Travel
- $784,534
- Depreciation
- $8,491,378
- Program services (functional)
- $109,571,766
- Management and general (functional)
- $13,069,668
- Fundraising (functional)
- $1,979,566
Balance sheet and other
- Total assets, start of year
- $321,267,295
- Total assets, end of year
- $317,526,300
- Total liabilities, end of year
- $92,974,746
- Net assets, end of year
- $224,551,554
- Land, buildings and equipment
- $150,449,261
- Publicly traded securities
- $92,637,978
- Net assets without donor restrictions
- $119,647,493
- Net assets with donor restrictions
- $104,904,061
- Gross unrelated business income
- $461,225
- Gross receipts
- $185,406,501
- Employees
- 2,017
- Volunteers
- 32
- Year formed
- 1826
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SAMUEL HOI | FORMER PRESIDENT Former | 40 | $717,651 | $7,702 |
| CECILIA MCCORMICK | PRESIDENT Trustee or director, Officer | 40 | $535,117 | $56,259 |
| ROBERT SABAL | VP ACADEMIC AFFAIRS AND PROVOST Key employee | 40 | $401,161 | $30,861 |
| DONALD JONES | VP ADVANCEMENT Officer | 40 | $331,657 | $48,552 |
| DANIEL A CRONIN | EVP FOR FINANCE AND CFO Officer | 40 | $288,896 | $32,140 |
| SHANNA HINES | VP OF HR Highest-paid employee | 40 | $275,466 | $35,157 |
| ALEXANDRA KIM | FORMER VP OPERATIONS AND TECHNOLOGY Former | 40 | $269,102 | $25,054 |
| MICHAEL S WEIKERT | CO-EXEC DIR, CENTER FOR CREATIVE IMPACT Highest-paid employee | 40 | $191,018 | $29,852 |
| JUDITH KINNEY | VP STUDENT AFFAIRS Key employee | 40 | $186,593 | $21,444 |
| MICHAEL PATTERSON | FORMER VP STUDENT AFFAIRS Former | 40 | $185,225 | $21,628 |
| CHRISTIAN LALLO | VP STRATEGIC COMM Highest-paid employee | 40 | $176,726 | $23,970 |
| STACEY SALAZAR | VP GRADUATE STUDIES Highest-paid employee | 40 | $167,338 | $32,626 |
| LEE DAVIS | CO-EXEC DIR, CENTER FOR CREATIVE IMPACT Highest-paid employee | 40 | $165,831 | $23,479 |
| MARTIN LEMELLE JR | FORMER EVP FOR FINANCE AND CFO Former | 40 | $147,961 | $15,990 |
| AMY BRUSSELBACK | TRUSTEE Trustee or director | 1 | $0 | $0 |
25 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANNE GARFINKLE | TRUSTEE Trustee or director | 1 | $0 |
| ANNE PERKINS | TRUSTEE Trustee or director | 1 | $0 |
| BONNIE WASHINGTON | TRUSTEE Trustee or director | 1 | $0 |
| DAVID WALLACK | TRUSTEE Trustee or director | 1 | $0 |
| DIANE CHO | TRUSTEE Trustee or director | 1 | $0 |
| DOUGLAS TSUI | TRUSTEE Trustee or director | 1 | $0 |
| ERIC JORDAHL | TRUSTEE Trustee or director | 1 | $0 |
| FREDYE WRIGHT GROSS | TRUSTEE Trustee or director | 1 | $0 |
| GWEN DAVIDSON | TRUSTEE Trustee or director | 1 | $0 |
| JAMES BLUE | TRUSTEE Trustee or director | 1 | $0 |
| JEFFREY BUNTING | TRUSTEE Trustee or director | 1 | $0 |
| JOHN ANGELOS | TRUSTEE Trustee or director | 1 | $0 |
| JOHN BROTHERS | TRUSTEE Trustee or director | 1 | $0 |
| JUDITH BURTON | TRUSTEE Trustee or director | 1 | $0 |
| JULIANA HARRIS | TRUSTEE (UNTIL 10/18/2024) Trustee or director | 1 | $0 |
| KATHERINE SIEH-TAKATA | TRUSTEE Trustee or director | 1 | $0 |
| LIZA SANCHEZ | TRUSTEE Trustee or director | 1 | $0 |
| NEIL MEYERHOFF | TRUSTEE Trustee or director | 1 | $0 |
| RONALD FIDLER | TRUSTEE Trustee or director | 1 | $0 |
| SCOTT HABER | TRUSTEE Trustee or director | 1 | $0 |
| SHEELA MURTHY | TRUSTEE Trustee or director | 1 | $0 |
| STUART CLARKE | TRUSTEE (UNTIL 10/18/2024) Trustee or director | 1 | $0 |
| STUART COOPER | TRUSTEE Trustee or director | 1 | $0 |
| THIBAULT MANEKIN | TRUSTEE Trustee or director | 1 | $0 |
| WENDY JACHMAN | TRUSTEE (UNITL 10/18/2024) Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 53 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SAMUEL HOI TO 1223 | PRESIDENT Officer | 40 | $706,466 | $46,464 |
| MARTIN LEMELLE JR TO 324 | EVP FOR FINANCE AND CFO Officer | 40 | $350,530 | $41,488 |
| DONALD JONES | VP ADVANCEMENT Officer | 40 | $332,986 | $38,774 |
| ALEXANDRA KIM TO 524 | VP OPERATIONS AND TECHNOLOGY Officer | 40 | $317,231 | $53,302 |
| SHANNA HINES | VP OF PB&C (FORMERLY HR) Officer | 40 | $238,288 | $31,513 |
| MICHAEL PATTERSON TO 524 | VP STUDENT AFFAIRS & DEAN Officer | 40 | $201,952 | $44,206 |
| DAVID GRACYALNY TO 1223 | VP OPEN STUDIES Key employee | 40 | $194,067 | $27,126 |
| TERRA SCHEHR TO 1123 | AVP EDUC. PLANNING & DEVELOPMENT Highest-paid employee | 40 | $196,825 | $23,490 |
| ZVEZDANA STOJMIROVIC TO 823 | ASSOCIATE DEAN, DESIGN & MEDIA Highest-paid employee | 40 | $196,825 | $14,619 |
| CHRISTIAN LALLO | VP STRATEGIC COMM Officer | 40 | $204,013 | $0 |
| STACEY SALAZAR | VP GRADUATE STUDIES Key employee | 40 | $168,765 | $28,889 |
| JUDITH KINNEY | AVP STUDENT HEALTH AND WELL-BEING Highest-paid employee | 40 | $168,515 | $24,930 |
| PATRICK WRIGHT TO 823 | FT FACULTY, MFA FILMMAKING Highest-paid employee | 40 | $180,038 | $12,925 |
| TIFFANY HOLMES TO 823 | VP ACADEMIC AFFAIRS Officer | 40 | $161,074 | $30,287 |
| MICHAEL WEIKERT | CO-DIR CENTER FOR SOCIAL DESIGN Highest-paid employee | 40 | $157,962 | $26,838 |
| ROBERT SABAL TO 1024 | VP ACADEMIC AFFAIRS & PROV Officer | 40 | $144,458 | $17,895 |
| BILL GASKINS | FORMER DIR & FT FACULTY, MFA PHOTO. Former | 40 | $139,637 | $0 |
| AUDREY TANNER TO 12312022 | FORMER VP, ADMISSION/FINANCIAL AID Former | 40 | $137,687 | $0 |
| JOAN WALTEMATH | FORMER DIR & FT FACULTY, HOFFBERGER SCHOOL Former | 40 | $116,184 | $0 |
| CECILIA MCCORMICK AS OF 1223 | PRESIDENT Officer | 40 | $11,527 | $0 |
| JOHN ANGELOS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES BLUE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN BROTHERS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| AMY BRUSSELBACK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFFREY BUNTING | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JUDITH BURTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHARON BUTLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DIANE CHO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WONHONG CHO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STUART CLARKE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STUART COOPER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GWEN DAVIDSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RONALD FIDLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANN GARFINKLE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KIBEBE GIZAW | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FREDYE WRIGHT GROSS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SCOTT HABER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JULIANA HARRIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WENDY JACHMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ERIC JORDAHL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THIBAULT MANEKIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NEIL MEYERHOFF | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES MILLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL MODELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHEELA MURTHY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANNE PERKINS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LIZA SANCHEZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARCUS STEPHENS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KATHERINE SIEH-TAKATA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAUL TIBURZI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DOUGLAS TSUI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID WALLACK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANIEL CRONIN AS OF 0324 | EVP FOR FINANCE AND CFO Officer | 40 | $0 | $0 |
990 for the year ended May 31, 2023: 54 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SAMUEL HOI TO 12312023 | PRESIDENT Officer | 40 | $644,534 | $55,273 |
| DON JONES | VP ADVANCEMENT Officer | 40 | $304,383 | $40,820 |
| MARTIN LEMELLE | VP OF FINANCE Officer | 40 | $298,271 | $37,435 |
| ALEXANDRA KIM | VP OPERATIONS AND TECHNOLOGY Officer | 40 | $280,408 | $44,873 |
| SHERI PARKS TO 12172022 | VP STRATEGIC INITIATIVES Officer | 40 | $256,275 | $19,176 |
| TIFFANY HOLMES TO 08042023 | VP ACADEMIC AFFAIRS Officer | 40 | $221,624 | $44,871 |
| SHANNA HINES | VP OF PB&C (FORMERLY HR) Officer | 40 | $207,413 | $29,986 |
| MICHAEL PATTERSON | VP STUDENT AFFAIRS & DEAN OF STUDENT Officer | 40 | $190,742 | $42,060 |
| AUDREY TANNER TO 12312022 | VP, ADMISSION AND FINANCIAL AID Officer | 40 | $199,422 | $28,276 |
| CHRISTIAN LALLO | VP STRATEGIC COMM Officer | 40 | $175,170 | $27,183 |
| STACEY SALAZAR | VP GRADUATE STUDIES Key employee | 40 | $169,655 | $25,497 |
| DAVID GRACYALNY TO 12312023 | VP OPEN STUDIES Key employee | 40 | $162,083 | $27,869 |
| COLETTE VEASEY-CULLORS | INT VP-UG STUDIES (TO 5/15/2023) Key employee | 40 | $171,316 | $16,595 |
| JUDITH KINNEY | AVP STUDENT HEALTH AND WELL-BEING Highest-paid employee | 40 | $159,031 | $26,634 |
| MICHAEL WEIKERT | CO-DIR OF CENTER FOR SOCIAL DESIGN Highest-paid employee | 40 | $149,182 | $25,715 |
| TERRA SCHEHR TO 11112023 | AVP EDUC. PLANNING & DEVELOPMENT Highest-paid employee | 40 | $146,562 | $23,748 |
| JOAN WALTEMATH | DIR & FULL TIME FACULTY, HOFFBERGER SCHOOL OF PAIN Highest-paid employee | 40 | $138,608 | $22,002 |
| BILL GASKINS | DIR, MFA PHOTOGRAPHIC AND ELECTRONIC Highest-paid employee | 40 | $138,263 | $20,507 |
| JOHN ANGELOS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES BLUE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN BROTHERS | TRUSTEE (AS OF 02/18/2022) Trustee or director | 1 | $0 | $0 |
| AMY BRUSSELBACK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFFREY BUNTING | TREASURER Trustee or director | 1 | $0 | $0 |
| JUDITH BURTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHARON BUTLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DIANE CHO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WONHONG CHO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STUART CLARKE | CHAIR Trustee or director | 1 | $0 | $0 |
| STUART COOPER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GWEN DAVIDSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RONALD FIDLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANN GARFINKLE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KIBEBE GIZAW | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FREDYE WRIGHT GROSS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SCOTT HABER AS OF 102022 | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JULIANA HARRIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WENDY JACHMAN | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| ERIC JORDAHL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THIBAULT MANEKIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NEIL MEYERHOFF | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES MILLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL MODELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHEELA MURTHY | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| ANNE PERKINS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHEILA RIGGS TO 102022 | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LIZA SANCHEZ | SECRETARY Trustee or director | 1 | $0 | $0 |
| MARCUS STEPHENS AS OF 102022 | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT SHELTON TO 102022 | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KATHERINE SIEH-TAKATA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAUL TIBURZI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DOUG TSUI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID WALLACK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROB SABAL AS OF 07012023 | VP ACADEMIC AFFAIRS & PROVOST Officer | 40 | $0 | $0 |
| ROBERT REESE AS OF 07312023 | INTERIM VP ADMISSION & FINANCIAL AID Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1300 W MOUNT ROYAL AVE, BALTIMORE, MD 21217-4134
- In care of
- % DOUGLAS MANN
- Principal officer (990 for 2024)
- CECILIA MCCORMICK, 1300 Mount Royal Avenue, Baltimore, MD 21217
- Signed the 990
- CECILIA MCCORMICK, President
- Phone
- (410) 225-2352
- Website
- WWW.MICA.EDU
- Return prepared by
- KPMG LLP
Mission
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.
Program accomplishments
- ACCREDITED COLLEGE WITH PROGRAMS IN FINE ARTS, APPLIED ARTS, AND ART EDUCATION; APPROXIMATELY 1,700 STUDENTS, GRANTS ARE DISBURSEMENTS FOR STUDENTS' FINANCIAL AID, STUDENT AWARDS, FELLOWSHIPS, AND FOR FACULTY DEVELOPMENT GRANTS.Expenses $109,571,766 · grants $37,033,371 · revenue $98,472,519
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 52-0591661
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1935
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $317,526,300
- Income (IRS master file)
- $185,406,501
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $120,548,710 | $124,620,999 | $317,526,300 | XML |
| 990-T | May 2025 | – | – | – | IRS |
| 990 | May 2024 | $134,606,537 | $126,122,588 | $321,267,295 | XML |
| 990-T | May 2024 | – | – | – | IRS |
| 990 | May 2023 | $122,163,054 | $122,581,866 | $319,808,678 | XML |
| 990-T | May 2023 | – | – | – | IRS |
| 990 | May 2022 | $138,711,160 | $127,947,996 | $329,055,533 | IRS |
| 990-T | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990-T | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-0591661).
Questions about MARYLAND INSTITUTE
- What is the EIN of MARYLAND INSTITUTE?
- The employer identification number (EIN) of MARYLAND INSTITUTE is 52-0591661.
- Is MARYLAND INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1935.
- Are donations to MARYLAND INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MARYLAND INSTITUTE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MARYLAND INSTITUTE due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MARYLAND INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of MARYLAND INSTITUTE?
- The 990 for the year ended May 31, 2025 names CECILIA MCCORMICK.
- Who are the officers and directors of MARYLAND INSTITUTE?
- The 990 for the year ended May 31, 2025 lists 40 people; 14 received compensation from the organization, the highest $717,651 (SAMUEL HOI, FORMER PRESIDENT).
- How much revenue does MARYLAND INSTITUTE have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $120,548,710, expenses of $124,620,999 and total assets of $317,526,300 at year end.
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