2026-04-01T15:38:39-05:00 2025-06-30 621199757 LBMC PC 325 WEST MAIN STREET STE 1600 LOUISVILLE KY 40202 990 2024-07-01 272232797 KENTUCKY COLLEGE OF ART DESIGN KENT 5024306191 505 WEST ORMSBY AVENUE LOUISVILLE KY 40203 MOIRA SCOTT PAYNE PRESIDENT 5024306191 2026-04-01 1 1 ABIGAIL CAMPBELL P01296738 5025851600 2024 2025-03-06 01:10:19Z MOIRA SCOTT PAYNE 505 WEST ORMSBY AVENUE LOUISVILLE KY 40203 4059787 0 X WWW.KYCAD.ORG X 2009 KY THE KENTUCKY COLLEGE OF ART AND DESIGN PROVIDES UNDERGRADUATE EDUCATION IN THE CONTEMPORARY ARTS. 23 23 46 23 0 0 3149255 3274964 622500 753000 3317 3027 71107 28796 3846179 4059787 622500 753000 0 0 2118932 2595867 0 0 389498 834526 802143 3575958 4151010 270221 -91223 5931483 5730070 679242 569052 5252241 5161018 X THE KENTUCKY COLLEGE OF ART AND DESIGN OPENS THE DOOR TO A CREATIVE AND PRODUCTIVE LIFE THROUGH AN UNDERGRADUATE EDUCATION IN THE CONTEMPORARY ARTS. 0 0 2493268 753000 753000 FOUNDED IN 2009, KENTUCKY COLLEGE OF ART AND DESIGN IS PROUD OF ITS SUCCESS. CORE VALUES AND PRINCIPLES HAVE HELPED TO SHAPE THE INSTITUTION AND OUR WORK TOWARD A MISSION TO PROVIDE A TRANSFORMATIONAL EXPERIENCE FOR OUR STUDENTS. AS A BRAND-NEW INDEPENDENT COLLEGE LOOKING TO DEMONSTRATE THE VALUE OF THE ARTS TO SOCIETY, WE EMBRACE THE ABILITY OF THE ARTS TO REFLECT A GENERATION'S INTERESTS AND OPINIONS. THIS COLLEGE PLACES THE MEANING OF PRACTICE AND THE ARTIST'S VOICE BESIDE THE SKILLS AND THE TOOLS WITH WHICH WE SPEAK.FROM OUR HISTORIES TO NEW TECHNOLOGIES, FROM OUR CRAFTS AND MATERIAL PRACTICES TO A NEW DIGITAL WORLD OF THE VIRTUAL AND UNREAL, WE INVESTIGATE THE VERY ROOTS OF WHAT IT MEANS TO BE HUMAN IN A WIDE VARIETY OF WAYS. ARTISTS USE NOT ONLY INTUTION AND SPECULATION, BUT ALSO SPIRITUAL, EMOTIONAL, ANALYTICAL AND MATERIAL WAYS TO SEARCH FOR NEW KNOWLEDGE.IN NOVEMBER OF 2018, THE KENTUCKY COUNCIL ON POST SECONDARY EDUCATION GRANTED THE KENTUCKY COLLEGE OF ART AND DESIGN THE AUTORITY TO GRANT A BFA IN STUDIO ART. 2493268 1 1 0 0 0 0 0 1 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 27 0 1 46 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X DENISE O'DONNELL 5024306191 505 W ORMSBY AVENUE LOUISVILLE KY 40203 X MOIRA SCOTT PAYNE PRESIDENT 40.00 X 283968 0 17218 JOYCE OGDEN VP OF ACADEMIC AFFAIRS 40.00 X 133500 0 11494 ALICE ALT VICE PRESIDENT OF ADVANCEMENT 40.00 X 113000 0 4763 ELISSA GRAFF INTERIM VICE PRESIDENT OF ACADEMIC AFFAIRS 40.00 X 106000 0 10393 MELISSA LIPTRAP DIRECTOR OF INSTITUTIONAL EFFECTIVENESS 40.00 X 105000 0 9906 DENISE O'DONNELL CHIEF FINANCIAL OFFICER 40.00 X 106667 0 8090 CHURCHILL G DAVENPORT CHANCELLOR 1.00 X X 8333 0 334 JOHN BIRNSTEEL CHAIR 1.00 X X 0 0 0 JAMES E HAYNES VICE CHAIR 1.00 X X 0 0 0 PHILIP ANDERTON SECRETARY 1.00 X X 0 0 0 NATHAN WATCHEL TREASURER 1.00 X X 0 0 0 BARBARA SEXTON SMITH BOARD MEMBER 1.00 X 0 0 0 BRETT OPPENHEIMER BOARD MEMBER 1.00 X 0 0 0 CHARLES CASH BOARD MEMBER 1.00 X 0 0 0 ELIZABETH PERRY SPALDING BOARD MEMBER 1.00 X 0 0 0 FREDERIC H DAVIS BOARD MEMBER 1.00 X 0 0 0 GREG POPE BOARD MEMBER 1.00 X 0 0 0 JOHN MACLEAN BOARD MEMBER 1.00 X 0 0 0 JOSHUA WATKINS BOARD MEMBER 1.00 X 0 0 0 JULIEN ROBSON BOARD MEMBER 1.00 X 0 0 0 JULIET GRAY BOARD MEMBER 1.00 X 0 0 0 KENNETH GRAY BOARD MEMBER 1.00 X 0 0 0 LAURA LEE BROWN BOARD MEMBER 1.00 X 0 0 0 MICHAEL ALDRIDGE BOARD MEMBER 1.00 X 0 0 0 OWSLEY BROWN III BOARD MEMBER 1.00 X 0 0 0 SENATOR GERALD NEAL BOARD MEMBER 1.00 X 0 0 0 TERRY W TYLER BOARD MEMBER 1.00 X 0 0 0 TODD LOWE BOARD MEMBER 1.00 X 0 0 0 WILLIAM MAURICE BROWN BOARD MEMBER 1.00 X 0 0 0 856468 0 62198 6 0 1 0 0 3000000 274964 3274964 TUITION AND FEES 611310 753000 753000 753000 3027 3027 27180 0 27180 27180 27180 MISCELLANEOUS 900099 1616 1616 1616 4059787 753000 0 31823 753000 753000 488001 311279 107055 69667 1075962 686318 236039 153605 180717 95708 76670 8339 170159 88837 74611 6711 681028 434404 149400 97224 3830 3830 34923 12767 20806 1350 156556 49611 80308 26637 369811 390 369421 55828 51962 3446 420 41642 8992 7105 25545 27488 27488 53771 53771 58294 58294 4151010 2493268 1268244 389498 504 385 137272 232828 5289868 5093610 4828 1400 635591 540815 117937 94776 19283 10383 361791 296688 5931483 5730070 15787 13059 300000 250000 363455 305993 679242 569052 X 4256905 4292895 995336 868123 5252241 5161018 5931483 5730070 -91223 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 263900 199224 64676 328553 298616 29937 43138 42975 163 94776 RIGHT-TO-USE OPERATING LEASE ASSET 276688 ART COLLECTION 20000 296688 OTHER LIABILITIES 15712 OPERATING LEASE LIABILITIES 287865 ACCRUED INTEREST 2416 305993 X 3340358 33571 33571 3306787 753000 753000 4059787 3431581 33571 33571 3398010 753000 753000 4151010 PART III, LINE 4: THE COLLEGE'S ART COLLECTION CONSISTS OF PAINTINGS, SCULPTURES AND ARTIFACTS OF HISTORICAL SIGNIFICANCE AND ARE HELD FOR EDUCATIONAL, CULTURAL AND CURATORIAL PURPOSES. PART X, LINE 2: THE COLLEGE IS A NONPROFIT ORGANIZATION AS DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE COLLEGE HAS NOT HAD UNRELATED BUSINESS REVENUES DURING THE YEARS ENDED JUNE 30, 2025 AND 2024. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 753,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 753,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE KENTUCKY COLLEGE OF ART AND DESIGN HAS PLACED ITS NONDISCRIMINATORY POLICY IN THE LOUISVILLE COURIER JOURNAL. THE POLICY IS ALSO OPENLY DISCLOSED ON ADMISSION DOCUMENTS, ITS WEBSITE, PROMOTIONAL MATERIALS AND RADIO ADVERTISING. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED GOVERNMENT GRANTS DURING THE TAX YEAR TO SUPPORT ITS EXEMPT EDUCATIONAL ACTIVITIES. THESE GRANTS WERE USED EXCLUSIVELY FOR PROGRAM-RELATED PURPOSES AND ALL REQUIRED DOCUMENTATION WAS SUBMITTED PER THE GRANT AGREEMENTS. 1 SCHOLARSHIPS 28 753000 COST SCHOLARSHIPS PART I, LINE 2: SCHOLARSHIPS ARE AWARDED TO STUDENTS PURSUING THEIR BACHELOR OF FINE ARTS DEGREE AT THE KENTUCKY COLLEGE OF ART AND DESIGN. SCHOLARSHIP VALUES ARE BASED ON THE STUDENTS' FINANCIAL NEED AND ACADEMIC ABILITIES. THE KENTUCKY COLLEGE OF ART AND DESIGN REVIEWS AND ENSURES THE AWARDS GIVEN TO THE STUDENTS ARE WITHIN THE COLLEGE'S GUIDELINES. X 0 0 0 0 0 0 0 0 0 MOIRA SCOTT PAYNE PRESIDENT 283968 0 0 0 0 0 5679 0 11539 0 301186 0 0 0 FORM 990, PART I, LINE 1, ORGANIZATION MISSION STATEMENT: THE KENTUCKY COLLEGE OF ART AND DESIGN PROMOTES A CREATIVE AND PRODUCTIVE LIFE THROUGH AN UNDERGRADUATE EDUCATION IN THE CONTEMPORARY ARTS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS FORMALLY REVIEWED BY THE FINANCE COMMITTEE BEFORE FILING WITH THE IRS. THE FINANCE COMMITTEE THEN REPORTS THEIR MEETING TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE KENTUCKY COLLEGE OF ART AND DESIGNS BOARD OF DIRECTORS CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH CONFLICT OF INTEREST POLICY. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT A STATEMENT WHICH AFFIRMS THEY HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, THEY HAVE READ AND UNDERSTAND THE POLICY AND THAT THEY AGREE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 REASONABLE COMPENSATION DECISIONS ARE BASED ON RECOMMENDATIONS FROM CUPA-HR, THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION FOR HUMAN RESOURCES. ANY VOTING MEMBER OF THE GOVERNING BOARD WHO RECEIVES COMPENSATION DIRECTLY OF INDIRECTLY, FROM KYCAD FOR SERVICES IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THE MEMBERS COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE KENTUCKY COLLEGE OF ART AND DESIGN MAKES ITS GOVERNING DOCUMENT, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, OFFICER'S COMPENSATION: THE COMPENSATION REPORTED FOR CHURCHILL DAVENPORT INCLUDES AMOUNTS PAID FOR SERVICES RENDERED IN A FORMER ROLE AS CHANCELLOR.