PLATINUM2023

Ringling College Of Art And Design

Turning passion into profession.

Sarasota, FL   |  www.ringling.edu
GuideStar Charity Check

Ringling College Of Art And Design

EIN: 59-0637903


Mission

Through art and design, we educate the creative critical thinkers who will transform the future.

Ruling year info

1938

Principal Officer

Dr. Larry R. Thompson

Main address

2700 N Tamiami Trl

Sarasota, FL 34234 USA

Show more contact info

Formerly known as

Ringling School of Art and Design

EIN

59-0637903

Subject area info

Arts education

Visual arts

Undergraduate education

Economics for youth

Population served info

Adults

NTEE code info

Undergraduate College (4-year) (B42)

Arts Education/Schools (A25)

Business, Youth Development (O53)

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

The College is always searching for opportunities to expand its physical and financial resources to provide a world class art and design education. Among these needs are scholarships for students, state of the art facilities, and residences for our expanding student body. Ringling also seeks to create a comprehensive marketing/branding awareness program to bring clarity to all of the various elements of the College including, its undergraduate curriculum, the Sarasota Art Museum, the Ringling College Library Association, and Osher Lifelong Learning (OLLI) at Ringling College.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Scholarship Fund

Share the Ringling College experience with a student by funding a scholarship. Scholarships provide more than a special gift to bridge the gap between the cost of a college education and resources needed. Donors often feel a family connection to “their” student’s success, and often the connection lasts long after college, when students go on to great careers. With almost 70 employers including Pixar, Disney, DreamWorks, Hallmark, GM, and the CIA recruiting our students, our alumni are reinventing and redefining our culture while helping transform our economy. Scholarship gifts are investments in: Creativity - to enable talented, deserving students to gain the lifelong benefits of a quality education. Society - to help graduates gain knowledge, abilities, experience and values to be tomorrow’s leaders. Ringling College - to attract the best and brightest students through a generous scholarship program.

Population(s) Served
Adults

Ringling College of Art and Design is well-known for innovative ideas in its academic areas: Business of Art & Design, Creative Writing, Computer Animation, Entertainment Design, Film, Fine Arts, Game Art, Graphic Design, Illustration, Interior Design, Motion Design, Photography & Imaging, Virtual Reality, and Visual Studies. As an institution built on creativity, we are experts at building new programs related to art and design that help broaden the curriculum to grow the creative thought leaders of tomorrow. The college’s mantra is “preeminence,” including faculty who are passionate about their subject matter and who serve as great teachers as well as creative leaders and working professionals. The curriculum weaves in specialized experience of the faculty and feedback from major companies so that our courses and majors anticipate what employers need and want in their businesses and organizations. Ringling College also focuses on “soft skills” – emotional intelligence, communication, presentation ability, workplace maturity, and collaboration.

Population(s) Served
Adults

Community engagement programs are for those who live or visit Southwest Florida. Our programming has something for everyone.  The Ringling College Digital + Studio Arts offers classes and workshops for children, teens, and adults. Classes offer community members an opportunity to explore illustration, photography, sculpture, and more. Osher Lifelong Learning Institute (OLLI) at Ringling College serves thousands of adult students through distinct adult learning programs.  Ringling College has transformed the historic Sarasota High School into the Sarasota Art Museum, a  contemporary art museum that celebrated its grand opening in December 2019. The Englewood Art Center focuses on education, exhibitions, and events.  It serves as a catalyst for creativity in southern Sarasota and Charlotte Counties.

Population(s) Served
Adults

Where we work

Accreditations

Council for Interior Design - Accreditation 2017

National Association of Schools of Art and Design - Accreditation 2017

Southern Association of Colleges and Schools 2017

Awards

Affiliations & memberships

Association of Fundraising Professionals - Member 2017

Southern Association of Colleges and Schools (SACS) 2017

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of participants attending course/session/workshop

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Degree seeking students

Number of full-time equivalent students per full-time faculty member

This metric is no longer tracked.
Totals By Year
Related Program

Academic Programs

Type of Metric

Input - describing resources we use

Direction of Success

Holding steady

Number of new donors

This metric is no longer tracked.
Totals By Year
Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Ringling College of Art and Design recognizes that artists and designers play a significant role in society. The College's primary mission is to provide programs leading to degrees that prepare students to be discerning visual thinkers and ethical practitioners in their chosen area of art and design.
Visual arts professionals must understand diverse aspects of past and present cultures, and develop their capacity for creative expression and effective communication. Ringling's curriculum, therefore, balances the teaching of technical knowledge and skills with the development of critical, conceptual and creative abilities and supports courses that provide historical, multicultural, global and future perspectives. Ringling faculty consists of professionally active and teaching-oriented artists, designers and scholars.
Ringling College of Art and Design strives to enroll both full- and part-time students from diverse backgrounds who intend to become professionals in the visual arts. Through its policies and practices, the College supports excellence in teaching and fosters the aesthetic, intellectual, professional, personal, and social development of its students. Academic programs and advising, career services, and an extensive co-curricular student life program prepare students for an art or design profession, or when appropriate, for continued studies on the graduate level.
In addition to its degree program, Ringling College offers courses, lectures, exhibitions and other art-related services to the local and regional community through its gallery, library, continuing education and community service programs.
Through the efforts of its Board of Trustees, administrators, faculty, support staff, alumni, and friends, Ringling endeavors to provide the necessary resources, services and environment to fulfill its institutional mission.

Ringling College's strategies for making this happen include:

Reinvestment in education: We outspend our competition by putting more money back into our academic programs, facilities, and services. Existing programs strengthen--and new programs related to art and design help broaden--the curriculum.

A focus on relationships: Open communication and authentic relationships are what identifies a Ringling College experience, whether that be as a student, parent, colleague, donor, community member, or art lover.

Recognition of value: Like all private colleges, at first glance our tuition appears expensive. But a conscientious eye reveals that teaching art and design is highly individualized. Our average student to faculty ratio is about 11 to 1, much lower than other colleges.

As a non-for-profit organization, Ringling is committed to constant reinvestment of its proceeds to further its mission. It is guided in this effort by the College's Strategic Plan and its Campus Master Plan. To facilitate this, the College has developed a robust Office for Advancement which continues to grow philanthropic giving. These resources have made a visible and lasting effect on the campus including the Alfred R. Goldstein Library (opened in January 2017), the Richard & Barbara Basch Visual Arts Center (opened in August 2017), the Sarasota Art Museum (opened in 2019) and an expansion of scholarship funds including the Masterpiece Scholarship, that provides full tuition for a deserving student.
Other divisions of the College such as the Career Center and Alumni Relations build and nurture life-long bonds between students, alumni, and parents. Ringling students have unending access to Career Center resources and the Alumni office provides mentorship and networking opportunities.
Ringling is also committed to the Sarasota community above and beyond its students. Community engagement includes nine campus galleries open to the public, the Sarasota Art Museum, the Englewood Arts Center, continuing education programs such as Pre-College and Studio + Digital Arts, and the Osher Lifelong Learning Institute. The College also hosts many community events on campus that exposes people to the Ringling Campus.
In order to, “Shatter the Myth of the Starving Artist™" Ringling invites nearly 100 recruiters including Disney, Pixar, Dreamworks, Hallmark, and federal agencies to meet with its students to explore internship and employment opportunities. Of those alums who respond to institutional surveys, over 80% are employed within one year of graduation. The College seeks to create practice ready professionals who can quickly advance within their chosen careers.
The College has a strong philanthropic base of support lead by its engaged Board of Trustees who see and believe in the Ringling vision. The Board helps to shape the strategic direction of the College with its time, talent, and treasure.

Within a span of less than twenty years, Ringling College has gone from 45 buildings on campus to 130 including a new residency hall that opened in 2020. As a result of increased fundraising efforts and donor engagement over the last two decades, we have increased the total scholarships that Ringling College is able to provide. Ringling College has committed to providing 100% of students with some form of financial assistance for the 2023-2024 academic year.
Ringling aims to become the preeminent Art and Design College in America.

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

0.54

Average of 0.47 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

5.5

Average of 5.3 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

33%

Average of 29% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Ringling College Of Art And Design

Revenue & expenses

Fiscal Year: Jun 01 - May 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Ringling College Of Art And Design

Balance sheet

Fiscal Year: Jun 01 - May 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Ringling College Of Art And Design

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jun 01 - May 31

SOURCE: IRS Form 990 info

This snapshot of Ringling College Of Art And Design’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $15,502,655 $25,136,611 $38,176,615 $28,163,166 $28,172,827
As % of expenses 21.3% 32.1% 44.4% 33.1% 31.0%
Unrestricted surplus (deficit) after depreciation $4,541,143 $12,569,664 $23,892,030 $11,408,675 $10,949,701
As % of expenses 5.4% 13.8% 23.8% 11.2% 10.1%
Revenue composition info
Total revenue (unrestricted & restricted) $97,721,876 $105,770,790 $114,783,353 $105,999,819 $119,229,866
Total revenue, % change over prior year 16.9% 8.2% 8.5% -7.7% 12.5%
Program services revenue 79.8% 81.8% 79.3% 84.3% 84.7%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 1.8% 2.0% 1.8% 1.0% 1.2%
Government grants 1.2% 0.4% 0.9% 3.0% 3.3%
All other grants and contributions 17.5% 15.3% 18.9% 11.8% 11.4%
Other revenue -0.2% 0.6% -0.9% -0.1% -0.7%
Expense composition info
Total expenses before depreciation $72,757,208 $78,336,326 $85,982,488 $85,021,637 $90,748,939
Total expenses, % change over prior year 12.3% 7.7% 9.8% -1.1% 6.7%
Personnel 43.7% 44.1% 42.7% 44.5% 42.7%
Professional fees 13.5% 12.0% 10.6% 10.8% 11.7%
Occupancy 5.0% 5.3% 5.1% 5.4% 3.1%
Interest 4.8% 5.8% 5.5% 5.8% 5.4%
Pass-through 22.0% 23.1% 23.3% 25.3% 26.3%
All other expenses 11.0% 9.8% 12.7% 8.2% 10.8%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $83,718,720 $90,903,273 $100,267,073 $101,776,128 $107,972,065
One month of savings $6,063,101 $6,528,027 $7,165,207 $7,085,136 $7,562,412
Debt principal payment $0 $3,148,670 $0 $9,647,494 $3,954,099
Fixed asset additions $44,087,389 $54,765,939 $50,817,976 $20,581,786 $27,141,850
Total full costs (estimated) $133,869,210 $155,345,909 $158,250,256 $139,090,544 $146,630,426

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 10.7 4.3 6.7 5.5 5.5
Months of cash and investments 19.5 12.3 14.3 14.6 13.1
Months of estimated liquid unrestricted net assets 2.8 2.0 6.9 6.0 5.3
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $64,717,960 $28,049,741 $47,907,181 $38,743,160 $41,529,868
Investments $53,335,671 $52,206,506 $54,829,555 $64,598,259 $57,481,236
Receivables $15,411,511 $17,015,972 $20,006,929 $18,963,259 $16,663,421
Gross land, buildings, equipment (LBE) $284,530,862 $337,360,427 $384,971,266 $403,422,092 $413,959,074
Accumulated depreciation (as a % of LBE) 35.7% 33.2% 32.0% 34.2% 33.4%
Liabilities (as a % of assets) 48.3% 45.4% 49.6% 46.3% 44.8%
Unrestricted net assets $68,045,649 $109,456,223 $133,348,253 $144,756,928 $155,706,629
Temporarily restricted net assets $73,426,968 $43,483,549 N/A N/A N/A
Permanently restricted net assets $26,641,853 $28,944,490 N/A N/A N/A
Total restricted net assets $100,068,821 $72,428,039 $65,607,803 $68,495,468 $66,138,904
Total net assets $168,114,470 $181,884,262 $198,956,056 $213,252,396 $221,845,533

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Principal Officer

Dr. Larry R. Thompson

CEO of Flint Cultural Center in Flint, MI. Oversaw all aspects of 9 cultural institutions on the Cultural Center campus (1993-99); CEO/Executive Director of the Rock and Roll Hall of Fame and Museum in Cleveland, Ohio. Oversaw the fundraising for and development and creation of this 130,000 sq. ft. museum (1988-1992); Special Assistant to President of Ohio State University in Columbus, Ohio. Acted as general counsel to OSU and management troubleshooter for this complex state university with 50,000+ students. Also was adjunct professor of law. (1981-1988); Attorney with Vorys Sater Seymour and Pease in Columbus, Ohio.(1976-1981). Served primarily higher education clients in this large law firm, including litigation, commercial transactions, non-profit management, tenure rights, constitutional issues, etc.

Number of employees

Source: IRS Form 990

Ringling College Of Art And Design

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

Ringling College Of Art And Design

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Ringling College Of Art And Design

Board of directors
as of 08/04/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Mr. Michael Klein

Retired

Term: 2022 - 2023

Dean Eisner

Community Volunteer

James Ericson

Community Volunteer

Ariane Dart

Community Volunteer

Jean Martin

Community Volunteer

Richard Rivera

Community Volunteer

Rajesh Soin

Community Volunteer

Janet Schmidt

Community Volunteer

George Miles

Community Volunteer

Larry Thompson

Ringling College of Art and Design

Robert Bartner

Community Volunteer

Larry Garberding

Community Volunteer

Michael Klein

Community Volunteer

Mary Ann Meyer

Community Volunteer

Teri Hansen

Community Volunteer

Flora Major

Community Volunteer

Joel Morganroth

Community Volunteer

Ali Bahaj

Business Executive

Alex Beavers

Business Executive

Elaine Crouse

Retired

Maurice Cunniffe

Retired

Nancy Markle

Business Executive

Karl Newkirk

Business Executive

Rosemary Oberndorf

Retired

Frank Martucci

Community Volunteer

Samuel Samelson

Community Volunteer

Willie Stanfield

Community Volunteer

Steven Hutchinson

Community Volunteer

Jonathan Mitchell

Community Volunteer

Dale Strohl

Community Volunteer

Ravindranath (Ravi) Akhoury

Community Volunteer

Ray Dillman

Alum

Ping Faulhaber

Community Volunteer

William (Bill) Kahane

Community Volunteer

Amy Kaslow

Community Volunteer

Elenor Maxheim

Community Volunteer

Arianna McAniff

Alum

Sam Scott

Community Volunteer

Jackie Tilton

Community Volunteer

Liz Walker

Reverand

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Contractors

Fiscal year ending

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser