2024-04-14T13:19:16-07:00 2023-05-31 990 2022-06-01 912105614 CORNISH FOUNDATION CORN 2067265020 1000 Lenora Street Seattle WA 98121 Deborah Treen VP Finance and CFO 2067265020 2024-04-14 Deborah Treen 999009999 1 1 11 1 AAL2 X 2022 2023-04-26 12:10:37Z Raymond Tymas-Jones 1000 Lenora Street Seattle WA 98121 531289 0 X X 2001 WA Support Cornish College of the Arts 4 3 0 3 0 0 0 0 0 0 255233 138746 0 0 255233 138746 174860 182670 0 0 0 0 0 0 0 15674 11022 190534 193692 64699 -54946 3621679 3285423 0 0 3621679 3285423 Cornish Foundation provides scholarship support to students attending Cornish College of the Arts. 0 0 182670 182670 0 Provide scholarship support to students at Cornish College of the Arts. Scholarships were awarded to 46 students. 0 0 0 182670 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 X Deborah Treen 2067265020 1000 Lenora Street Seattle WA 98121 Raymond Tymas-Jones President 0.5 40 X X 0 321709 16233 Deborah Treen VP Finance & CFO 0.5 40 X 0 184482 10009 David Lofthouse Dean of Enrollment Mgmt 0 40 X 0 191575 2844 Jessica Thurlow VP Academic Affairs, Provost 0 40 X 0 175640 11934 Anne Derieux VP of Institutional Advancement 0.5 40 X 0 133547 20196 James Falzone Academic Dean 0 40 X 0 104717 18787 Brandon Bird VP of Operations 0 40 X 0 114443 8016 Jody Cunningham Chair 0.5 0 X X 0 0 0 Chap Alvord Secretary/Treasurer 0.5 0 X X 0 0 0 Roger Bass Trustee 0.5 0 X X 0 0 0 0 1226113 88019 7 0 1 1 0 0 0 0 0 0 0 0 0 0 97001 0 0 97001 0 0 0 0 0 0 0 0 0 0 434288 0 392543 0 41745 0 41745 0 0 41745 0 0 138746 0 0 138746 182670 182670 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11022 0 11022 0 0 0 0 0 0 0 0 0 0 0 193692 182670 11022 0 3621679 3285423 3621679 3285423 0 0 0 0 X 0 0 3621679 3285423 3621679 3285423 3621679 3285423 -54946 -281310 0 0 0 0 X 0 1 X 1 0 X X 1 Cornish College of the Arts 910916534 2 1 182670 0 1 182670 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 10761937 1069209 -264064 415770 13971 0 11137341 10898426 1053853 -771205 392610 26527 0 10761937 8878995 25970 2424191 404464 26266 0 10898426 8868122 93571 401951 458339 26310 0 8878995 9136063 44503 23551 308350 27645 0 8868122 0 0.74 0.26 0 1 1 0 0 X Schedule D, Part V, Line 4 Endowment funds are held and preserved at the fair value of the original gift with the earnings awarded as scholarships and program expenditures. Schedule D, Part X, Line 2 Both Cornish College of the Arts and the Cornish Foundation are exempt from federal income taxes as entities described in Section 501(c)(3) of the Internal Revenue Code. In addition, Cornish College of the Arts is currently exempt from real and personal property taxes on its educational and other noncommercial properties. The College's returns are subject to examination by federal and state taxing authorities, generally for three and four years, respectively, after they are filed. Each entity believes that it has appropriate support for any tax positions taken affecting its annual filing requirements and, as such, does not have any uncertain tax positions that are material to the consolidated financial statements. The entities would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties were incurred. 1 Cornish College of the Arts 1000 Lenora Street Seattle WA 98121 910916534 501(c)(3) 182670 0 cash value Endowed scholarships awarded to students attending Cornish College of the Arts 1 0 Schedule I, Part I, Line 2 Cornish College of the Arts' financial aid office awards scholarships to students based on eligibility criteria predetermined by the Foundation and College policies. All awards are applied to tuition and related education expenses only. 0 0 0 0 0 0 0 0 0 Raymond Tymas-Jones President 0 269265 0 0 0 52444 0 12998 0 3235 0 337942 0 0 Jessica Thurlow VP Academic Affairs, Provost 0 148281 0 0 0 27359 0 7214 0 4720 0 187574 0 0 Deborah Treen VP Finance & CFO 0 155470 0 0 0 29012 0 7480 0 2529 0 194491 0 0 Anne Derieux VP of Institutional Advancement 0 133059 0 0 0 488 0 5913 0 14283 0 153743 0 0 David Lofthouse Dean of Enrollment Mgmt 0 167429 0 0 0 24146 0 533 0 2311 0 194419 0 0 Form 990, Part IV, Line 12b Cornish Foundation is included in a consolidated financial statement with Cornish College of the Arts that is audited in accordance with generally accepted auditing standards and presented in accordance with generally accepted accounting principles. Form 990, Part VI, Section A, Line 8b There are no committees that have been granted authority to act on behalf of the board. Form 990, Part VI, Section B, Line 11b A copy of the 990 was emailed to all board members before filing. Form 990, Part VI, Section B, Line 13 The Cornish Foundation is a supporting organization of Cornish College of the Arts and does not have its own written whistleblower policy or written document retention and destruction policy, but does share all policies with the College as a consolidated entity for financial statement purposes. Form 990, Part VI, Section C, Line 19 The Foundation makes its governing documents and financial statements available to the public upon request. Cornish College of the Arts 1000 Lenora Street Seattle WA 98121 910916534 College of the arts WA 501(c) (3) 2 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 Cornish College of the Arts b 182670 Scholarships awarded Due to turnover in the Controller position in the Finance Department, delays in completing the annual audited financial statements, and difficulty recruiting a replacement controller, the extension for this tax return was not filed.