Nonprofit · EIN 59-0637903
RINGLING COLLEGE OF ART AND DESIGN INC
Tax-exempt · SARASOTA, FL 34234
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $139,210,850 | $130,987,953 | $8,222,897 | $428,492,535 | $167,542,562 | $260,949,973 |
| May 31, 2024 | 990 | $137,542,088 | $125,865,417 | $11,676,671 | $417,114,911 | $169,034,639 | $248,080,272 |
| May 31, 2023 | 990 | $122,797,140 | $118,530,683 | $4,266,457 | $403,414,324 | $175,587,183 | $227,827,141 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $19,789,022
- of which government grants
- $450,077
- Membership dues
- $844,187
- Program service revenue
- $115,656,556
- Investment income
- $4,275,318
- Net rental income
- $274,770
- Net gain from sales of assets
- $1,017,832
- Net income from fundraising events
- -$979,663
- Net income from sales of inventory
- $194,847
- Other revenue
- -$510,046
Expenses
- Grants and similar amounts paid
- $26,506,904
- Compensation of officers, directors and key employees
- $1,632,751
- Other salaries and wages
- $33,899,325
- Salaries, compensation and benefits (total)
- $48,692,616
- Professional fundraising fees
- $0
- Legal fees
- $88,919
- Accounting fees
- $169,800
- Occupancy
- $3,112,706
- Travel
- $615,103
- Depreciation
- $19,711,415
- Program services (functional)
- $114,072,701
- Management and general (functional)
- $14,667,447
- Fundraising (functional)
- $2,247,805
Balance sheet and other
- Total assets, start of year
- $417,114,911
- Total assets, end of year
- $428,492,535
- Total liabilities, end of year
- $167,542,562
- Net assets, end of year
- $260,949,973
- Land, buildings and equipment
- $288,876,955
- Publicly traded securities
- $79,295,020
- Net assets without donor restrictions
- $177,286,398
- Net assets with donor restrictions
- $83,663,575
- Gross unrelated business income
- -$118,865
- Gross receipts
- $145,555,865
- Employees
- 1,198
- Volunteers
- 300
- Year formed
- 1931
- State of legal domicile
- FL
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 |
|---|---|---|---|---|
| DR LARRY THOMPSON | PRESIDENT Officer | 40 | $678,299 | $36,728 |
| DR TRACY WAGNER | EXECUTIVE VICE PRESIDENT Key employee | 40 | $330,595 | $40,118 |
| DR TIFFANY HOLMES | VP ACADEMIC AFFAIRS Key employee | 40 | $288,121 | $21,903 |
| JENNIFER PRICE | VP FINANCE & ADMIN Officer | 40 | $217,037 | $27,543 |
| SARA ROBINSON | VP FOR ADVANCEMENT Highest-paid employee | 40 | $217,149 | $21,362 |
| ASHLEY BURT | VP AND CHIEF DIGITAL INFO OFFICER Highest-paid employee | 40 | $203,333 | $28,532 |
| JEFFREY SCHWARTZ | AVP ACADEMIC AFFAIRS/DEAN OF UNDERGRAD Highest-paid employee | 40 | $187,249 | $41,587 |
| VIRGINIA SHEARER | EXEC. DIR. SARASOTA ART MUSEUM Highest-paid employee | 40 | $189,767 | $35,865 |
| DR TAMMY WALSH | SVP STUDENT LIFE/DEAN OF STUDENTS Highest-paid employee | 40 | $200,640 | $22,279 |
| DR JOEL MORGANROTH | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ALI BAHAJ | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TERI HANSEN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| WILLIE STANFIELD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| RAVINDRANATH AKHOURY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT BARTNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
34 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARBARA BASCH | TRUSTEE Trustee or director | 1 | $0 |
| DR ALEX BEAVERS JR | TRUSTEE Trustee or director | 1 | $0 |
| CJ CALLINS | TRUSTEE Trustee or director | 1 | $0 |
| ELAINE CROUSE | TRUSTEE Trustee or director | 1 | $0 |
| MAURICE CUNNIFFE | TRUSTEE Trustee or director | 1 | $0 |
| RAY DILLMAN | TRUSTEE Trustee or director | 1 | $0 |
| PING FAULHABER | TRUSTEE Trustee or director | 1 | $0 |
| LARRY GARBERDING | TRUSTEE Trustee or director | 1 | $0 |
| JULIE HARRIS | TRUSTEE Trustee or director | 1 | $0 |
| MICHELLE HOOPER | TRUSTEE Trustee or director | 1 | $0 |
| STEVE HUTCHINSON | TRUSTEE Trustee or director | 1 | $0 |
| WILIAM KAHANE | TRUSTEE Trustee or director | 1 | $0 |
| AMY KASLOW | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL KLEIN | TRUSTEE Trustee or director | 1 | $0 |
| FLORA MAJOR | TRUSTEE Trustee or director | 1 | $0 |
| NANCY MARKLE | TRUSTEE Trustee or director | 1 | $0 |
| FRANK MARTUCCI | TRUSTEE Trustee or director | 1 | $0 |
| ELEANOR MAXHEIM | TRUSTEE Trustee or director | 1 | $0 |
| MARY ANN MEYER | TRUSTEE Trustee or director | 1 | $0 |
| JONATHAN MITCHELL | TRUSTEE Trustee or director | 1 | $0 |
| KARL NEWKIRK | TRUSTEE Trustee or director | 1 | $0 |
| ROSEMARY OBERNDORF | TRUSTEE Trustee or director | 1 | $0 |
| MATT PRICE | TRUSTEE Trustee or director | 1 | $0 |
| RICHARD RIVERA | TRUSTEE Trustee or director | 1 | $0 |
| SAMUEL SAMELSON | TRUSTEE Trustee or director | 1 | $0 |
| JANET SCHMIDT | TRUSTEE Trustee or director | 1 | $0 |
| SAMUEL SCOTT III | TRUSTEE Trustee or director | 1 | $0 |
| RAJESH SOIN | TRUSTEE Trustee or director | 1 | $0 |
| DALE STROHL | TRUSTEE Trustee or director | 1 | $0 |
| JACKIE TILTON | TRUSTEE Trustee or director | 1 | $0 |
| REV LIZ WALKER | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL WILLIAMS-JONES | TRUSTEE Trustee or director | 1 | $0 |
| GERRY BILLER | TRUSTEE (11/6/2024-5/31/2025) Trustee or director | 1 | $0 |
| JEFF RYDER | TRUSTEE (11/6/2024-5/31/2025) Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 46 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR LARRY THOMPSON | PRESIDENT Officer | 40 | $684,433 | $35,178 |
| DR TRACY WAGNER | EXECUTIVE VICE PRESIDENT Key employee | 40 | $347,324 | $32,926 |
| JENNIFER PRICE | VP FINANCE & ADMIN Officer | 40 | $206,803 | $23,297 |
| JEFFREY SCHWARTZ | ASSOC VP FOR ACADEMIC AFFAIRS Highest-paid employee | 40 | $192,293 | $36,406 |
| DR TAMMY WALSH | VP FOR STUDENT LIFE/DEAN OF STUDENTS Highest-paid employee | 40 | $192,553 | $23,741 |
| VIRGINIA SHEARER | EXEC. DIR. OF SARASOTA ART MUSEUM Highest-paid employee | 40 | $181,627 | $30,621 |
| DR JASON GOOD | VP FOR ENROLLMENT MGMT & MARKETING Highest-paid employee | 40 | $172,218 | $31,989 |
| DAVID JACKSON | ASSOCIATE VP FOR ACADEMIC AFFAIRS Highest-paid employee | 40 | $176,769 | $15,932 |
| DR JOEL MORGANROTH | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ALI BAHAJ | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TERI HANSEN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| WILLIE STANFIELD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| RAVINDRANATH AKHOURY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT BARTNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BARBARA BASCH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR ALEX BEAVERS JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CJ CALLINS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELAINE CROUSE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MAURICE CUNNIFFE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RAY DILLMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PING FAULHABER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LARRY GARBERDING | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JULIE HARRIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHELLE HOOPER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEVE HUTCHINSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILIAM KAHANE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| AMY KASLOW | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL KLEIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FLORA MAJOR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NANCY MARKLE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRANK MARTUCCI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELEANOR MAXHEIM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARY ANN MEYER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JONATHAN MITCHELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KARL NEWKIRK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROSEMARY OBERNDORF | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MATT PRICE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICHARD RIVERA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SAMUEL SAMELSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JANET SCHMIDT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SAMUEL SCOTT III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RAJESH SOIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DALE STROHL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JACKIE TILTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REV LIZ WALKER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL WILLIAMS-JONES | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended May 31, 2023: 45 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR LARRY R THOMPSON | PRESIDENT Officer | 40 | $706,619 | $31,602 |
| DR TRACY A WAGNER | EXECUTIVE VICE PRESIDENT Key employee | 40 | $271,832 | $31,195 |
| DR PETER A MCALLISTER | VP FOR ACADEMIC AFFAIRS Key employee | 40 | $206,396 | $24,144 |
| JENNIFER PRICE | VP FOR FINANCE & ADMINISTRATION Officer | 40 | $195,422 | $27,068 |
| VIRGINIA SHEARER | EXEC. DIR. OF SARASOTA ART MUSEUM Highest-paid employee | 40 | $178,727 | $28,764 |
| DR TAMMY WALSH | VP FOR STUDENT LIFE/DEAN OF STUDENTS Highest-paid employee | 40 | $185,897 | $20,686 |
| JEFFREY SCHWARTZ | ASSOC VP FOR ACADEMIC AFFAIRS Highest-paid employee | 40 | $165,491 | $29,396 |
| DR JASON GOOD | VP FOR ENROLLMENT MGMT & MARKETING Highest-paid employee | 40 | $165,838 | $26,965 |
| DAVID JACKSON | ASSOCIATE VP FOR ACADEMIC AFFAIRS Highest-paid employee | 40 | $170,447 | $17,496 |
| MICHAEL KLEIN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DR JOEL MORGANROTH | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TERI HANSEN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| RAVINDRANATH AKHOURY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT BARTNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BARBARA BASCH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALEX BEAVERS JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELAINE CROUSE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MAURICE CUNNIFFE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RAY DILLMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DEAN EISNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PING FAULHABER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LARRY GARBERDING | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JULIE HARRIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEVE HUTCHINSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAN KAHANE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| AMY KASLOW | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ARIANNA MCANIFF | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FLORA MAJOR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NANCY MARKLE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRANK MARTUCCI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELENOR MAXHEIM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARY ANN MEYER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GEORGE L MILES JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JONATHAN MITCHELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KARK NEWKIRK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROSEMARY OBERNDORF | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICHARD E RIVERA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SAMUEL SAMELSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JANET SCHMIDT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SAMUEL C SCOTT III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RAJESH K SOIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIE M STANFIELD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DALE STROHL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JACKIE TILTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REV LIZ WALKER | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2700 N TAMIAMI TRL, SARASOTA, FL 34234-5812
- Principal officer (990 for 2024)
- LARRY R THOMPSON, 2700 NORTH TAMIAMI TRAIL, SARASOTA, FL 34234
- Signed the 990
- LARRY R THOMPSON, PRESIDENT
- Phone
- (941) 351-5100
- Website
- WWW.RINGLING.EDU
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
Mission
SEE SCHEDULE O
Program accomplishments
- TUITION AND FEES: RINGLING COLLEGE OF ART AND DESIGN PROVIDES INSTRUCTION IN VISUAL ARTS EDUCATION TO OVER 1,600 STUDENTS IN FULLY ACCREDITED FOUR-YEAR DEGREE PROGRAMS LEADING TO BFA AND BA DEGREES.Expenses $82,604,959 · grants $26,506,904 · revenue $95,077,377
- AUXILIARY: RINGLING COLLEGE OF ART AND DESIGN OPERATES VARIOUS AUXILIARY ENTERPRISES INCLUDING DINING SERVICES, HOUSING, AND BOOKSTORE SERVICES IN SUPPORT OF A RESIDENTIAL COMMUNITY WHICH SUPPORTS STUDENT DEVELOPMENT AND FOR THE CONVENIENCE OF ITS STUDENTS, FACULTY AND STAFF.Expenses $21,095,332 · revenue $19,630,406
- COMMUNITY OUTREACH: RINGLING COLLEGE OF ART AND DESIGN PROVIDES VISUAL AND LIBERAL ARTS INSTRUCTION FOR THE COMMUNITY THROUGH VARIOUS PROGRAMS ON A NON-CREDIT BASIS.Expenses $10,372,410 · revenue $1,121,156
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
- 59-0637903
- 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
- 1938
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $428,492,535
- Income (IRS master file)
- $145,555,865
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $139,210,850 | $130,987,953 | $428,492,535 | XML |
| 990-T | May 2025 | – | – | – | IRS |
| 990 | May 2024 | $137,542,088 | $125,865,417 | $417,114,911 | XML |
| 990-T | May 2024 | – | – | – | IRS |
| 990 | May 2023 | $122,797,140 | $118,530,683 | $403,414,324 | XML |
| 990-T | May 2023 | – | – | – | IRS |
| 990 | May 2022 | $119,229,866 | $107,972,065 | $401,598,018 | IRS |
| 990-T | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990-T | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | 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 59-0637903).
Questions about RINGLING COLLEGE OF ART AND DESIGN INC
- What is the EIN of RINGLING COLLEGE OF ART AND DESIGN INC?
- The employer identification number (EIN) of RINGLING COLLEGE OF ART AND DESIGN INC is 59-0637903.
- Is RINGLING COLLEGE OF ART AND DESIGN INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1938.
- Are donations to RINGLING COLLEGE OF ART AND DESIGN INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RINGLING COLLEGE OF ART AND DESIGN INC 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 RINGLING COLLEGE OF ART AND DESIGN INC 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 RINGLING COLLEGE OF ART AND DESIGN INC 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 RINGLING COLLEGE OF ART AND DESIGN INC?
- The 990 for the year ended May 31, 2025 names LARRY R THOMPSON.
- Who are the officers and directors of RINGLING COLLEGE OF ART AND DESIGN INC?
- The 990 for the year ended May 31, 2025 lists 49 people; 9 received compensation from the organization, the highest $678,299 (DR LARRY THOMPSON, PRESIDENT).
- How much revenue does RINGLING COLLEGE OF ART AND DESIGN INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $139,210,850, expenses of $130,987,953 and total assets of $428,492,535 at year end.
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