CORNISH_Logo_TypeOnly

Welcome to the Office of Finance

The Cornish College of the Arts Office of Finance helps to advance the College’s mission by ensuring the institution’s fiscal integrity. Finance staff develop and steward the budgeting, accounting, and reporting procedures and systems that support the College’s educational goals. On this page you will find our recent tax reporting forms (990s) and other related information and resources.


Cornish College of the Arts is a 4-year undergraduate educational institution designated as a 501(c)(3) non-profit organization.

Forms 990

2015    |    2016    |    2017    |    2018   |    2019  |   2020


 

How are tuition dollars spent?

Data from 5/31/19 Audited Financial Statements

 

Functional Expenses

Program Expenses

$20,210,182  (84%) 

Management + General

$3,380,811  (14%)

Fundraising + Development

$593,625  (2%)

Total $24,184,618

 

 

 

 

 

 

 


Operating Expenses by Function

Instruction

$15,621,637  (65%) 

Institutional Support

$3,974,432  (16%)

Academic Support

$3,064,366  (13%)

Student Services

$694,452  (3%)

Auxiliary Services

$829,731  (3%)

Total $24,184,618

 

 

 


Operating Expenses by Category

Salaries, Wages, Benefits

$13,922,100  (58%) 

Services (including Housing + Meals)

$3,592,713  (15%)

Depreciation + Amortization

$1,758,514  (7%)

Other Operating Expenses

$1,577,892  (7%)

Scholarships + Grants

$1,377,618  (6%)

Interest

$1,014,951  (4%)

Rentals

$582,809  (2%)

Materials + Supplies

$245,226  (1%)

Provision for Doubtful Accounts

$112,795  (0%)

Total $24,184,618

 

 

 

 

 

 

 


 

Related Links

Get in Touch

Office of Finance

Main Campus Center
1000 Lenora St.
Seattle, WA
finance@cornish.edu
(800) 726-ARTS
Visit Cornish's 2021 Fall reopening page to stay up to date on health and safety requirements, and campus updates.