Columbia College Chicago

EIN: 366112087 501(c)(3) Education

Chicago, IL

Total Revenue
$267,562,634
Total Expenses
$243,773,353
Total Assets
$429,749,359
Net Assets
$287,351,670
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1890
Legal Domicile
IL
Phone
3123697162
Tax Period
2024-09-01 to 2025-08-31

Columbia College Chicago, founded in 1890, is a major nonprofit in the Education sector that reported $267.6M in total revenue in fiscal year 2024. Expenses of $243.8M left a modest 9% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO EDUCATE STUDENTS FOR CREATIVE OCCUPATIONS IN DIVERSE FIELDS OF ARTS AND MEDIA.

Program Service Accomplishments

Program 1
Expenses: $168,797,724 Revenue: $172,681,495

COLUMBIA COLLEGE CHICAGO (THE COLLEGE) IS A FULLY ACCREDITED NOT-FOR-PROFIT PRIVATE COLLEGE WITH MORE THAN 40 ACADEMIC PROGRAMS AND OVER 4,400 STUDENTS. COLUMBIA COLLEGE CHICAGO AWARDS UNDERGRADUATE...

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COLUMBIA COLLEGE CHICAGO (THE COLLEGE) IS A FULLY ACCREDITED NOT-FOR-PROFIT PRIVATE COLLEGE WITH MORE THAN 40 ACADEMIC PROGRAMS AND OVER 4,400 STUDENTS. COLUMBIA COLLEGE CHICAGO AWARDS UNDERGRADUATE BACHELOR OF ARTS, BACHELOR OF FINE ARTS, BACHELOR OF MUSIC AND BACHELOR OF SCIENCE DEGREES, ALONG WITH GRADUATE MASTER OF ARTS, MASTER OF ARTS MANAGEMENT, AND MASTER OF FINE ART DEGREES. THE COLLEGE IS ONE OF THE LARGEST AND MOST DIVERSE PRIVATE ARTS AND MEDIA COLLEGES IN THE NATION. THE COLLEGE'S INTENT IS TO EDUCATE STUDENTS WHO WILL COMMUNICATE CREATIVELY AND SHAPE THE PUBLIC PERCEPTIONS OF ISSUES AND EVENTS AND WHO WILL AUTHOR THE CULTURE OF THEIR TIMES. THE COLLEGE HAD 4,346 STUDENTS ENROLLED IN ITS UNDERGRADUATE PROGRAMS AND 115 STUDENTS ENROLLED IN ITS GRADUATE PROGRAMS. THE UNDERGRADUATE PROGRAMS ARE OFFERED IN EIGHT SCHOOLS WITHIN THE COLLEGE; THE SCHOOL OF AUDIO AND MUSIC; THE SCHOOL OF BUSINESS AND ENTREPRENEURSHIP; THE SCHOOL OF COMMUNICATION AND CULTURE; THE SCHOOL OF DESIGN; THE SCHOOL OF FASHION; THE SCHOOL OF FILM AND TELEVISION; THE SCHOOL OF THEATRE AND DANCE; AND THE SCHOOL OF VISUAL ARTS. IN FALL 2025, THE SCHOOL OF AUDIO AND MUSIC HAD AN UNDERGRADUATE ENROLLMENT OF 483 AND A GRADUATE ENROLLMENT OF 27. THE SCHOOL OF BUSINESS AND ENTREPRENEURSHIP HAD AN UNDERGRADUATE ENROLLMENT OF 383 AND A GRADUATE ENROLLMENT OF 33. THE SCHOOL OF COMMUNICATION AND CULTURE HAD AN UNDERGRADUATE ENROLLMENT OF 322 AND A GRADUATE ENROLLMENT OF 9. THE SCHOOL OF DESIGN HAD AN UNDERGRADUATE ENROLLMENT OF 741 AND A GRADUATE ENROLLMENT OF 6. THE SCHOOL OF FASHION HAD AN UNDERGRADUATE ENROLLMENT OF 316. THE SCHOOL OF FILM AND TELEVISION HAD AN UNDERGRADUATE ENROLLMENT OF 805 AND A GRADUATE ENROLLMENT OF 30. THE SCHOOL OF THEATRE AND DANCE HAD AN UNDERGRADUATE ENROLLMENT OF 562 AND A GRADUATE ENROLLMENT OF 4. THE SCHOOL OF VISUAL ARTS HAD AN UNDERGRADUATE ENROLLMENT OF 567 AND A GRADUATE ENROLLMENT OF 10. THERE WERE 167 STUDENTS WHO DID NOT HAVE AN OFFICIAL SCHOOL. IN THE 2024-2025 ACADEMIC YEAR, THE COLLEGE GRANTED 1,348 DEGREES. THE SCHOOL OF AUDIO AND MUSIC GRANTED 109 UNDERGRADUATE DEGREES, THE SCHOOL OF BUSINESS AND ENTREPRENEURSHIP GRANTED 157 DEGREES (147 WERE UNDERGRADUATE), THE SCHOOL OF COMMUNICATION AND CULTURE GRANTED 141 (124 WERE UNDERGRADUATE), THE SCHOOL OF DESIGN GRANTED 223 DEGREES (222 WERE UNDERGRADUATE), THE SCHOOL OF FASHION GRANTED 102 UNDERGRADUATE DEGREES, THE SCHOOL OF FILM AND TELEVISION GRANTED 266 DEGREES (259 WERE UNDERGRADUATE), THE SCHOOL OF THEATRE AND DANCE GRANTED 190 DEGREES (186 WERE UNDERGRADUATE), AND THE SCHOOL OF VISUAL ARTS GRANTED 160 DEGREES (155 WERE UNDERGRADUATE).

Program 2
Expenses: $30,322,136 Revenue: $27,427,668

COLUMBIA COLLEGE CHICAGO PROVIDES HOUSING, FOOD SERVICE, AND RESIDENCE LIFE PROGRAMS TO ITS STUDENTS. THE COLLEGE HAS OVER 2,000 BEDS AVAILABLE TO ITS STUDENTS IN FOUR DIFFERENT RESIDENCE CENTERS ON...

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COLUMBIA COLLEGE CHICAGO PROVIDES HOUSING, FOOD SERVICE, AND RESIDENCE LIFE PROGRAMS TO ITS STUDENTS. THE COLLEGE HAS OVER 2,000 BEDS AVAILABLE TO ITS STUDENTS IN FOUR DIFFERENT RESIDENCE CENTERS ON ITS CAMPUS.

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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 $4,788,262
Program Service Revenue $199,554,353
Investment Income $62,658,026
Other Revenue $561,993
TOTAL REVENUE $267,562,634

Expense Breakdown

Grants Paid $70,439,050
Salaries & Benefits $90,168,563
Fundraising Expenses $1,497,985
Program Expenses $199,119,860
Other Expenses $83,100,740
TOTAL EXPENSES $243,773,353

Year-over-Year Comparison

2024 2023 Change
Revenue $267,562,634 $250,712,341 +0.1%
Expenses $243,773,353 $270,273,011 -0.1%
Net Income $23,789,281 $-19,560,670 -2.2%
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
21
Independent Members
20
Employees
2539
Volunteers
150

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
$1,171,977
Total Directors
24
$484,201
Key Employees
4
$1,003,411
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARRY M SABLOFF SECRETARY 1.0
Officer Director
$0 $0 $0
HUGH C WILLIAMS VICE CHAIR 1.0
Officer Director
$0 $0 $0
JERRY TARRER INTERIM PRESIDENT-Partial Year; COO 40.0
Officer Director
$411,500 $72,701 $484,201
JOHN MCLAIN HOLMES CHAIRMAN OF THE BOARD 1.0
Officer Director
$0 $0 $0
SHANTAY BOLTON PRESIDENT AND CEO, TRUSTEE, EX-OFFICIO-Partial Year 40.0
Officer Director
$0 $0 $0
ANDREAS WALDBURG-WOLFEGG TRUSTEE 1.0
Director
$0 $0 $0
ARJUN AGGARWAL TRUSTEE 1.0
Director
$0 $0 $0
ARLEN RUBIN TRUSTEE 1.0
Director
$0 $0 $0
AVERILL LEVITON TRUSTEE 1.0
Director
$0 $0 $0
IMAD I QASIM TRUSTEE 1.0
Director
$0 $0 $0
JOHN R GEHRON TRUSTEE-Partial Year 1.0
Director
$0 $0 $0
KAREN JONES TRUSTEE, EX-OFFICIO 1.0
Director
$0 $0 $0
LEN AMATO TRUSTEE 1.0
Director
$0 $0 $0
MELISSA DALRYMPLE TRUSTEE 1.0
Director
$0 $0 $0
PAUL BROUCEK TRUSTEE 1.0
Director
$0 $0 $0
PAUL GARNES TRUSTEE 1.0
Director
$0 $0 $0
PETER PACE JR TRUSTEE 1.0
Director
$0 $0 $0
RICH NANDA TRUSTEE 1.0
Director
$0 $0 $0
RICHARD POULTON TRUSTEE 1.0
Director
$0 $0 $0
ROBERT A WISLOW TRUSTEE 1.0
Director
$0 $0 $0
ROBERT J BUFORD TRUSTEE 1.0
Director
$0 $0 $0
STACI R COLLINS JACKSON TRUSTEE 1.0
Director
$0 $0 $0
SUSAN V DOWNING TRUSTEE-Partial Year 1.0
Director
$0 $0 $0
WILLIAM WOLF TRUSTEE 1.0
Director
$0 $0 $0
MARCELLA DAVID SENIOR VP AND PROVOST-Partial Year 40.0
Officer
$358,519 $47,439 $405,958
PATRICIA BERGESON VP OF LEGAL AFFAIRS & GENERAL COUNSEL-Partial Year 40.0
Officer
$240,560 $41,258 $281,818
DEREK BRINKLEY AVP, ENROLLMENT MANAGMENT-Partial Year 40.0
Key Emp
$198,367 $32,399 $230,766
PATRICIA OLALDE AVP, HUMAN RESOURCES 40.0
Key Emp
$208,433 $37,810 $246,243
STEVEN COREY DEAN OF LIBERAL ARTS SCHOOL (LAS) 40.0
Key Emp
$209,734 $59,780 $269,514
SUZANNE MCBRIDE SENIOR VP INTERIM PROVOST-Partial Year 40.0
Key Emp
$199,699 $57,189 $256,888
ANN KALAYIL AVP FACILITIES/CONSTRUCTION 40.0
Highest
$234,368 $41,602 $275,970
KATHIE KOCH AVP AND CHIEF INFORMATION OFFICER 40.0
Highest
$272,604 $55,935 $328,539
LAURENT PERNOT CHIEF OF STAFF 40.0
Highest
$248,315 $69,226 $317,541
SHARON WILSON TAYLOR VP OF STUDENT AFFAIRS 40.0
Highest
$228,060 $52,242 $280,302
TERENCE SMITH SPECIAL COUNSEL LABOR RELATIONS-Partial Year 40.0
Highest
$239,250 $25,770 $265,020
KWANG-WU KIM FORMER PRESIDENT/CEO, FORMER TRUSTEE, EX-OFFICIO 0.0
$990,588 $107,045 $1,097,633
Rosita Sands Former Dean / Special Advisor DEI 40.0
$224,640 $14,626 $239,266
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 $267,562,634 $243,773,353 $429,749,359 $23,789,281
2024 $250,712,341 $270,273,011 $476,636,857 $-19,560,670
2023 $239,170,569 $267,151,138 $525,230,384 $-27,980,569
2022 $231,462,919 $261,280,814 $575,612,110 $-29,817,895
2021 $221,332,415 $248,370,433 $667,072,943 $-27,038,018
2021 $221,332,415 $248,370,433 $667,072,943 $-27,038,018
2020 $231,394,986 $238,175,763 $522,591,069 $-6,780,777
2019 $226,170,577 $224,770,968 $524,601,747 $1,399,609
2018 $251,942,785 $225,535,557 $532,448,196 $26,407,228
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