2025-04-14T16:38:25-05:00 2024-05-31 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2023-06-01 912105614 CORNISH FOUNDATION CORN 2067265020 1000 LENORA STREET SEATTLE WA 98121 CHERYL WYNNE INTERIM CFO 2067265020 2025-04-14 1 1 BECKY DETTMANN CPA P01408585 3037795710 2025-04-14 2023 2025-03-06 01:10:19Z EMILY PARKHURST 1000 LENORA STREET SEATTLE WA 98121 1017783 0 X N/A X 2001 WA SUPPORT CORNISH COLLEGE OF THE ARTS. 4 4 0 4 0 0 0 0 0 0 138746 187831 0 0 138746 187831 182670 183450 0 0 0 0 0 0 0 11022 16910 193692 200360 -54946 -12529 3285423 3653240 0 0 3285423 3653240 CORNISH FOUNDATION PROVIDES SCHOLARSHIP SUPPORT TO STUDENTS ATTENDING CORNISH COLLEGE OF THE ARTS. 0 0 183450 183450 0 PROVIDE SCHOLARSHIP SUPPORT TO STUDENTS AT CORNISH COLLEGE OF THE ARTS. SCHOLARSHIPS WERE AWARDED TO 47 STUDENTS. 183450 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 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 X CHERYL WYNNE 2067265020 1000 LENORA SR SEATTLE WA 98121 JODY CUNNINGHAM CHAIR 0.50 0.00 X X 0 0 0 CHAP ALVORD SECRETARY/TREASURER 0.50 0.00 X X 0 0 0 ROGER BASS DIRECTOR 0.50 0.00 X 0 0 0 CAROL MUNRO DIRECTOR 0.50 0.00 X 0 0 0 RAYMOND TYMAS-JAMES PRESIDENT 0.50 40.00 X 0 398516 28190 DEBORAH TREEN VP FINANCE & BUDGET, CFO 0.50 40.00 X 0 202013 23615 0 600529 51805 0 0 1 0 0 79914 79914 937869 829952 107917 107917 107917 187831 0 0 187831 183450 183450 16910 16910 200360 183450 16910 0 3285423 3653240 3285423 3653240 0 0 X 0 0 3285423 3653240 3285423 3653240 3285423 3653240 -12529 380346 0 X X 0 1 X 1 0 X X 1 CORNISH COLLEGE OF THE ARTS 910916534 2 1 183450 0 1 183450 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 11063722 491544 1713563 432640 11291 12824898 10761937 995590 -264064 415770 13971 0 11063722 10898426 1053853 -771205 392610 26527 0 10761937 8878995 25970 2424191 404464 26266 0 10898426 8868122 93571 401951 458339 26310 0 8878995 0.00000 0.67560 0.32440 0 0 0 X 16817248 380346 16265981 16646327 170921 16910 16910 187831 24853594 24670144 24670144 183450 16910 16910 200360 PART V, LINE 4: ENDOWMENT FUNDS ARE HELD AND PRESERVED AT THE FAIR VALUE OF THE ORIGINAL GIFT WITH THE EARNINGS AWARDED AS SCHOLARSHIP AND PROGRAM RELATED ACTIVITIES AS STIPULATED BY THE DONOR. PART X, LINE 2: CORNISH FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES AS AN ENTITY DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION'S RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE AND FOUR YEARS, RESPECTIVELY, AFTER THEY ARE FILED. THE FOUNDATION 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 FINANCIAL STATEMENTS. THE FOUNDATION 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: CORNISH COLLEGE SCHOOL OF THE ARTS REVENUE - INCLUDED IN CONSOL AFS 16,265,981. PART XII, LINE 2D - OTHER ADJUSTMENTS: CORNISH COLLEGE SCHOOL OF THE ARTS EXPENSE - INCLUDED IN CONSOL AFS 24,670,144. 1 CORNISH COLLEGE OF THE ARTS 1000 LENORA STREET SEATTLE WA 98121 910916534 501(C)(3) 183450 0 N/A N/A ENDOWED SCHOLARSHIPS AWARDED TO STUDENTS ATTENDING CORNISH COLLEGE OF THE ARTS 1 0 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-JAMES PRESIDENT 0 308660 0 32000 0 57856 0 13200 0 14990 0 426706 0 0 DEBORAH TREEN VP FINANCE & BUDGET, CFO 0 169830 0 0 0 32183 0 8357 0 15258 0 225628 0 0 PART I, LINE 3: THE PRESIDENT'S COMPENSATION IS DETERMINED BY CORNISH COLLEGE SCHOOL OF THE ARTS, THE SUPPORTED ORGANIZATION. THE FOLLOWING WERE USED BY THE COLLEGE IN DETERMINING THE PRESIDENT'S COMPENSATION: A) FORM 990 OF OTHER ORGANIZATIONS B) COMPENSATION SURVEY OR STUDY C) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES OF CORNISH COLLEGE OF THE ARTS SHALL APPOINT OR ELECT ALL OF THE DIRECTORS OF THE CORNISH FOUNDATION'S BOARD OF DIRECTORS. 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 THE FORM 990 WAS PREPARED BY THE ORGANIZATIONS INDEPENDENT CPA WITH INFORMATION PROVIDED BY MANAGEMENT. A COPY OF THE 990 WAS EMAILED TO ALL BOARD MEMBERS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12 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. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. CORNISH COLLEGE OF THE ARTS 1000 LENORA ST SEATTLE WA 98121 910916534 COLLEGE OF THE ARTS WA 501(C)(3) LINE 2 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0