COLLEGE ART ASSOCIATION OF AMERICA INC

EIN: 131671148 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$3,714,749
Total Expenses
$3,609,515
Total Assets
$12,221,921
Net Assets
$10,776,966
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1931
Legal Domicile
NY
Principal Officer
ISIMEME OMOGBAI
Phone
2126911051
Tax Period
2024-07-01 to 2025-06-30

COLLEGE ART ASSOCIATION OF AMERICA INC, founded in 1931, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $10.8M represent 35 months of operating reserves.

Mission

THE COLLEGE ART ASSOCIATION PROMOTES THE VISUAL ARTS AND UNDERSTANDING THROUGH VARIOUS MEANS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $762,822
Program Service Revenue $1,812,579
Investment Income $1,091,754
Other Revenue $47,594
TOTAL REVENUE $3,714,749

Expense Breakdown

Grants Paid $191,832
Salaries & Benefits $1,573,169
Fundraising Expenses $106,760
Program Expenses $2,671,938
Other Expenses $1,844,514
TOTAL EXPENSES $3,609,515

Year-over-Year Comparison

2024 2023 Change
Revenue $3,714,749 $3,400,972 +0.1%
Expenses $3,609,515 $3,429,311 +0.1%
Net Income $105,234 $-28,339 -4.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
25
Independent Members
25
Employees
12
Volunteers
29

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
11
$297,337
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAMON ARHOS VP FOR DIVERSITY & INCL (AS OF 5/25) 2.00
Officer Director
$0 $0 $0
GREG GILBERT VP FOR COMMITTEES 2.00
Officer Director
$0 $0 $0
KAREN LEADER VP FOR EXTERNAL RELATIONS 2.00
Officer Director
$0 $0 $0
LARA M EVANS VP FOR ANNUAL CONFERENCE 2.00
Officer Director
$0 $0 $0
LAURA ANDERSON BARBATA VP FOR DIVERSITY (THROUGH 5/25) 2.00
Officer Director
$0 $0 $0
NICOLE ARCHER VP FOR PUBLICATIONS 2.00
Officer Director
$0 $0 $0
DENISE BAXTER PRESIDENT 2.00
Officer Director
$0 $0 $0
ANTHONY CRISAFULLI TREASURER 2.00
Officer Director
$0 $0 $0
KATY ROGERS BOARD SECRETARY 2.00
Officer Director
$0 $0 $0
GREGORY V GOODING COUNSEL 2.00
Officer Director
$0 $0 $0
AARON SAMUEL MULENGA DIRECTOR (AS OF 5/25) 2.00
Director
$0 $0 $0
ALEX BOSTIC DIRECTOR 2.00
Director
$0 $0 $0
ADITY SAXENA DIRECTOR 2.00
Director
$0 $0 $0
CAROLYN JEAN MARTIN DIRECTOR 2.00
Director
$0 $0 $0
EMILY PUGH DIRECTOR (AS OF 5/25) 2.00
Director
$0 $0 $0
EMILY RICE DIRECTOR 2.00
Director
$0 $0 $0
ERIC WOLF DIRECTOR 2.00
Director
$0 $0 $0
JELENA BOGDANOVIC DIRECTOR 2.00
Director
$0 $0 $0
JENNIFER FIELD AS OF 525 DIRECTOR 2.00
Director
$0 $0 $0
LESLIE D JOYNES AS OF 525 DIRECTOR 2.00
Director
$0 $0 $0
NAZAR KOZAK DIRECTOR 2.00
Director
$0 $0 $0
NOZOMI NAOI DIRECTOR 2.00
Director
$0 $0 $0
RADHA DALAL DIRECTOR 2.00
Director
$0 $0 $0
RICK KINSEL AS OF 525 DIRECTOR 2.00
Director
$0 $0 $0
SHARON HECKER DIRECTOR 2.00
Director
$0 $0 $0
THERESA AVILA DIRECTOR 2.00
Director
$0 $0 $0
JENNIFER RISSLER DIRECTOR (THROUGH 5/25) 2.00
Director
$0 $0 $0
KELLY WALTERS DIRECTOR (THROUGH 5/25) 2.00
Director
$0 $0 $0
ROLAND BETANCOURT DIRECTOR (THROUGH 5/25) 2.00
Director
$0 $0 $0
WANDA RAIMUNDI-ORTIZ DIRECTOR (THROUGH 5/25) 2.00
Director
$0 $0 $0
ISIMEME OMOGBAI EXECUTIVE DIRECTOR AND CEO 40.00
Officer
$274,206 $23,131 $297,337
MAEGHAN DONOHUE SR DIRECTOR, ENG STRATEGY & CHIEF OF STAFF 40.00
Highest
$163,994 $20,310 $184,304
PRAKASH KOLLURI DIRECTOR OF FIN & ADMIN, CONTROLLER 40.00
Highest
$132,754 $10,068 $142,822
EUGENIA BELL EDITORIAL DIRECTOR 40.00
Highest
$121,175 $16,275 $137,450
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,714,749 $3,609,515 $12,221,921 $105,234
2024 No data No data No data No data
2023 $2,816,352 $3,280,564 $13,085,791 $-464,212
2022 $3,823,528 $3,225,440 $11,651,575 $598,088
2021 $4,171,852 $3,261,850 $13,576,737 $910,002
2020 $5,238,547 $3,701,780 $11,184,804 $1,536,767
2019 $4,078,020 $4,047,520 $10,648,500 $30,500
2018 $4,392,759 $4,336,150 $10,428,868 $56,609
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