KENTUCKY COLLEGE OF ART DESIGN

EIN: 272232797 501(c)(3) Education

LOUISVILLE, KY

Total Revenue
$4,059,787
Total Expenses
$4,151,010
Total Assets
$5,730,070
Net Assets
$5,161,018
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
KY
Principal Officer
MOIRA SCOTT PAYNE
Phone
5024306191
Tax Period
2024-07-01 to 2025-06-30

KENTUCKY COLLEGE OF ART DESIGN, founded in 2009, is a community nonprofit in the Education sector that reported $4.1M in total revenue in fiscal year 2024.

Mission

THE KENTUCKY COLLEGE OF ART AND DESIGN OPENS THE DOOR TO A CREATIVE AND PRODUCTIVE LIFE THROUGH AN UNDERGRADUATE EDUCATION IN THE CONTEMPORARY ARTS.

Program Service Accomplishments

Program 1
Expenses: $2,493,268 Revenue: $753,000

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...

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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.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,274,964
Program Service Revenue $753,000
Investment Income $3,027
Other Revenue $28,796
TOTAL REVENUE $4,059,787

Expense Breakdown

Grants Paid $753,000
Salaries & Benefits $2,595,867
Fundraising Expenses $389,498
Program Expenses $2,493,268
Other Expenses $802,143
TOTAL EXPENSES $4,151,010

Year-over-Year Comparison

2024 2023 Change
Revenue $4,059,787 $3,846,179 +0.1%
Expenses $4,151,010 $3,575,958 +0.2%
Net Income $-91,223 $270,221 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
23
Independent Members
23
Employees
46
Volunteers
23

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
7
$424,610
Total Directors
23
$8,667
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MOIRA SCOTT PAYNE PRESIDENT 40.00
Officer
$283,968 $17,218 $301,186
JOYCE OGDEN VP OF ACADEMIC AFFAIRS 40.00
Highest
$133,500 $11,494 $144,994
ALICE ALT VICE PRESIDENT OF ADVANCEMENT 40.00
Highest
$113,000 $4,763 $117,763
ELISSA GRAFF INTERIM VICE PRESIDENT OF ACADEMIC AFFAIRS 40.00
Highest
$106,000 $10,393 $116,393
MELISSA LIPTRAP DIRECTOR OF INSTITUTIONAL EFFECTIVENESS 40.00
Highest
$105,000 $9,906 $114,906
DENISE O'DONNELL CHIEF FINANCIAL OFFICER 40.00
Officer
$106,667 $8,090 $114,757
CHURCHILL G DAVENPORT CHANCELLOR 1.00
Officer Director
$8,333 $334 $8,667
JOHN BIRNSTEEL CHAIR 1.00
Officer Director
$0 $0 $0
JAMES E HAYNES VICE CHAIR 1.00
Officer Director
$0 $0 $0
PHILIP ANDERTON SECRETARY 1.00
Officer Director
$0 $0 $0
NATHAN WATCHEL TREASURER 1.00
Officer Director
$0 $0 $0
BARBARA SEXTON SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
BRETT OPPENHEIMER BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES CASH BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH PERRY SPALDING BOARD MEMBER 1.00
Director
$0 $0 $0
FREDERIC H DAVIS BOARD MEMBER 1.00
Director
$0 $0 $0
GREG POPE BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN MACLEAN BOARD MEMBER 1.00
Director
$0 $0 $0
JOSHUA WATKINS BOARD MEMBER 1.00
Director
$0 $0 $0
JULIEN ROBSON BOARD MEMBER 1.00
Director
$0 $0 $0
JULIET GRAY BOARD MEMBER 1.00
Director
$0 $0 $0
KENNETH GRAY BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA LEE BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL ALDRIDGE BOARD MEMBER 1.00
Director
$0 $0 $0
OWSLEY BROWN III BOARD MEMBER 1.00
Director
$0 $0 $0
SENATOR GERALD NEAL BOARD MEMBER 1.00
Director
$0 $0 $0
TERRY W TYLER BOARD MEMBER 1.00
Director
$0 $0 $0
TODD LOWE BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM MAURICE BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
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 $4,059,787 $4,151,010 $5,730,070 $-91,223
2024 $3,846,179 $3,575,958 $5,931,483 $270,221
2023 $3,638,168 $3,322,202 $4,989,386 $315,966
2022 $2,801,398 $2,467,932 $5,558,325 $333,466
2021 $2,008,084 $2,301,012 $5,381,842 $-292,928
2020 $4,548,197 $2,251,041 $5,944,403 $2,297,156
2019 $2,412,256 $2,339,315 $1,690,880 $72,941
2018 $1,443,960 $1,991,242 $578,242 $-547,282
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