2023-11-07T11:06:39-06:00 2022-12-31 050568611 SALMON SIMS THOMAS & ASSOCIATES PLLC 12720 HILLCREST ROAD SUITE 500 DALLAS TX 752302039 990 2022-01-01 821504077 THE ARTS INSTITUTE OF TAMPA LLC ARTS 4125881685 4401 NORTH HIMES AVE TAMPA FL 33614 DENIS YEVSTIFEYEV CFO 4125881685 2023-11-07 1 DENIS YEVSTIFEYEV 999009999 1 WILLIAM H SIMS P00004539 9723921143 2023-11-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DENIS YEVSTIFEYEV 6600 PEACHTREE DUNWOODY RD ATLANTA GA 30328 9052047 0 X WWW.ARTSINSTITUTES.EDU X LLC 2017 FL THE ARTS INSTITUTE OF TAMPA, LLC IS A BRANCH CAMPUS OF MIAMI INTERNATIONAL UNIVERISTY OF ART AND DESIGN, LLC A MULTI-CAMPUS, CAREER-ORIENTED INSTITUTION THAT PROVIDES STUDENTS WITH ACADEMIC PREPARATION AND PRACTICAL SKILLS THROUGH PROGRAMS IN THE APPLIED ARTS AND DESIGN INDUSTRIES. THE INSTITUTION PREPARES ITS UNDERGRADUATE STUDENTS FOR ENTRY-LEVEL POSITIONS AND ITS GRADUATE STUDENTS FOR ADVANCEMENT IN THEIR CHOSEN FIELDS. THE UNIVERSITY IS DEDICATED TO FOSTERING A CULTURE THAT ENCOURAGES CREATIVITY, RESEARCH, AND LEARNING-CENTERED ENDEAVORS. 6 5 57 5 0 0 1817658 4507000 5129737 4517676 140 2419 534866 19819 7482401 9046914 804691 566464 0 0 1374866 752801 0 0 0 6192400 5666627 8371957 6985892 -889556 2061022 1885748 10293442 1766187 8114765 119561 2178677 X THE ARTS INSTITUTE OF TAMPA, LLC IS A BRANCH CAMPUS OF MIAMI INTERNATIONAL UNIVERISTY OF ART AND DESIGN, LLC A MULTI-CAMPUS, CAREER-ORIENTED INSTITUTION THAT PROVIDES STUDENTS WITH ACADEMIC PREPARATION AND PRACTICAL SKILLS THROUGH PROGRAMS IN THE APPLIED ARTS AND DESIGN INDUSTRIES. THE INSTITUTION PREPARES ITS UNDERGRADUATE STUDENTS FOR ENTRY-LEVEL POSITIONS AND ITS GRADUATE STUDENTS FOR ADVANCEMENT IN THEIR CHOSEN FIELDS. THE UNIVERSITY IS DEDICATED TO FOSTERING A CULTURE THAT ENCOURAGES CREATIVITY, RESEARCH, AND LEARNING-CENTERED ENDEAVORS. 0 0 1968503 566464 4529832 THIS ENTITY IS AN INSTITUTION OF HIGHER EDUCATION THAT OFFERS ACADEMIC PROGRAMS AND CERTIFICATES IN THE FIELDS OF CULINARY, FASHION, MEDIA, AND DESIGN. ALL PROGRAMS ARE ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES (SACSCOC). THE INSTITUTION IS COMMITTED TO ACADEMIC QUALITY AND STUDENT SUCCESS. FACULTY UTILIZE STATE-OF-THE-ART TECHNOLOGY TO ENSURE GRADUATES RECEIVE INDUSTRY-RELEVANT SKILLS AND TRAINING. DURING THE PERIOD, THE AVERAGE MONTHLY ENROLLMENT WAS 171 STUDENTS WITH 31 STUDENTS GRADUATING. 1968503 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 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 1 0 0 0 1 0 0 1 57 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X DENIS YEVSTIFEYEV 4125881685 6600 PEACHTREE DUNWOODY RD ATLANTA GA 30328 X GERALD FRANCESE FORMER CHAIRMAN 0.10 1.85 X 0 0 0 CLAUDE H BROWN PRESIDENT 5.00 45.00 X X 0 316108 10964 JEROME LEVY FORMER TRUSTEE 1.00 5.30 X 0 3600 0 JOSH SWARTZ FORMER CHAIRMAN/TRUSTEE 1.00 2.20 X 0 4579 0 ARI HOROWITZ FORMER SECRETARY/TRUSTEE 1.00 2.20 X 0 2610 0 LAURA GANOZA FORMER TRUSTEE 1.00 2.20 X 0 0 0 STEVEN WILBURN TRUSTEE 1.00 2.20 X 0 5400 0 LESLIE BAUGHMAN CAMPUS PRESIDENT 1.00 41.20 X 0 190968 10964 STACY ATWATER FORMER TRUSTEE 1.00 2.20 X 0 0 0 MEGAN FARRELL TRUSTEE 1.00 2.20 X 0 0 0 TRISHA EARLS TRUSTEE 1.00 2.20 X 0 0 0 DENIS YEVSTIFEYEV CHIEF FINANCIAL OFFICER 5.00 45.00 X 0 224514 481 WENDY BAKER GENERAL COUNSEL 5.00 45.00 X 0 209948 6995 CLYDE RAY TANNER DEPT CHAIR - CULINARY 40.00 0.00 X 88056 0 53 88056 957727 29457 0 0 1 0 THE ARTS INSTITUTES INTERNATIONAL LLC 6600 PEACHTREE DUNWOODY RD ATLANTA GA 30328 ADVERTISING, OTHER CORPORATE ALLOCATIONS 2949302 HIGHWOODS REALTY LP 3111 W DR MARTIN LUTHER KING JR BLV TAMPA FL 33607 RENT 1176530 2 4500000 7000 4507000 TUITION AND FEES 611600 4477571 4477571 SALES AND SERVICES OF 611600 40105 40105 4517676 367 367 2052 0 2052 2052 2052 12796 5133 7663 7663 OTHER REVENUE 611600 12156 12156 12156 9046914 4529832 0 10082 X 566464 566464 88109 88109 571706 571706 37372 37372 55614 55614 230 230 368 368 2403498 300970 2102528 591873 591873 234647 181813 52834 87641 87641 1474669 44472 1430197 18045 18045 153381 153381 15699 15699 BAD DEBT 686576 686576 6985892 1968503 5017389 0 1878 977 6296 1014 1380714 740907 42759 33963 2212620 1911900 454101 300720 0 9215861 1885748 10293442 108503 157000 212669 85917 1445015 7871848 1766187 8114765 X 119561 2178677 119561 2178677 1885748 10293442 2061022 -1906 0 X 0 1 X 0 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1293570 1098547 195023 725183 648306 76877 193867 165047 28820 300720 OPERATING LEASE ASSET 6300252 DUE FROM RELATED ENTITY 2915609 9215861 LONG-TERM LEASE OBLIGATIONS 6776772 ADVANCE PAYMENTS 742860 ASSET RETIREMENT 352216 7871848 X PART X, LINE 2: THE SCHOOL IS A NOT-FOR-PROFIT CORPORATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC WHEREBY ONLY UNRELATED BUSINESS INCOME AS DEFINED BY SECTION 512(A)(1) OF THE IRC IS SUBJECT TO FEDERAL INCOME TAX. THERE WAS NO SIGNIFICANT UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2022. ACCORDINGLY, NO PROVISION OR LIABILITY FOR FEDERAL OR STATE INCOME TAXES IS RECORDED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT HAS CONCLUDED THAT ANY TAX POSITIONS THAT WOULD NOT MEET THE MORE-LIKELY-THAN-NOT CRITERION OF FASB ASC TOPIC 740-10, ACCOUNTING FOR INCOME TAXES, WOULD BE IMMATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT INCLUDE ANY PROVISION FOR UNCERTAIN TAX POSITIONS, AND NO RELATED INTEREST OR PENALTIES HAVE BEEN RECORDED IN THE STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS OR ACCRUED IN THE STATEMENT OF FINANCIAL POSITION. FEDERAL AND STATE TAX RETURNS OF THE ENTITY ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS ARE FILED. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SINCE THE SCHOOL : (1) DRAWS ITS STUDENTS FROM AN EXTENSIVE AREA, MORE THAN THE LOCAL COMMUNITY, AND (2) FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO THEIR STUDENTS, WE SATISFY THE PUBLICITY REQUIREMENT BY INCLUDING A STATEMENT OF OUR RACIALLY NONDISCRIMINATORY POLICY IN ALL OUR BROCHURES AND CATALOGS DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. ALSO, WE INCLUDE A REFERENCE TO OUR RACIALLY NONDISCRIMINATORY POLICY ON OUR WEBSITE AND IN OTHER WRITTEN ADVERTISING THAT WE USE TO INFORM PROSPECTIVE STUDENTS OF OUR PROGRAMS. SCHEDULE E, PART I, LINE 6 THE ART INSTITUTE OF TAMPA, LLC PARTICIPATES IN U.S. DEPARTMENT OF EDUCATION PROGRAMS INCLUDING: - FEDERAL DIRECT STUDENT LOANS - FEDERAL PELL GRANT PROGRAM - FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS - FEDERAL WORK-STUDY PROGRAM - FEDERAL CARES ACT THE ORGANIZATION ALSO PARTICIPATES IN POST 9/11 VETERAN EDUCATION ASSISTANCE. 1 GRANTS SCHOLARSHIPS & AID 180 566464 PART I, LINE 2: THE SCHOOL AWARDS GRANTS BASED UPON THE FOLLOWING: THE SCHOOL AWARDS SCHOLARSHIPS TO STUDENTS BASED ON MERIT AND FINANCIAL NEED. THE FINANCIAL AID OFFICE AND BUSINESS OFFICE MAINTAIN RECORDS ON WHAT STUDENTS ARE AWARDED, AND THE FINANCIAL OFFICE HAS SPECIFIC CRITERIA THAT MUST BE FOLLOWED IN AWARDING AID TO STUDENTS. THE CRITERIA FOR AWARDING AID IS DOCUMENTED BY THE FINANCIAL AID OFFICE. STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENTS, FINANCIAL NEED AND OTHER SIMILAR STANDARDS. X X X 0 0 0 0 0 0 0 0 0 CLAUDE H BROWN PRESIDENT 0 316108 0 0 0 0 0 0 0 10964 0 327072 0 0 DENIS YEVSTIFEYEV CHIEF FINANCIAL OFFICER 0 224514 0 0 0 0 0 0 0 481 0 224995 0 0 WENDY BAKER GENERAL COUNSEL 0 209948 0 0 0 0 0 0 0 6995 0 216943 0 0 LESLIE BAUGHMAN CAMPUS PRESIDENT 0 190968 0 0 0 0 0 0 0 10964 0 201932 0 0 PART I, LINE 5 & PART V, LINES 2A & 2B: THE W-2'S FOR EMPLOYEES OF THE ARTS INSTITUTE OF TAMPA, LLC ARE ISSUED BY A PROFESSIONAL EMPLOYER ORGANIZATION (PEO). IN 2021, THE ARTS INSTITUTE OF TAMPA, LLC USED G&A OUTSOURCING, LLC AS PEO. A PROFESSIONAL EMPLOYER ORGANIZATION (PEO) PROVIDES OUTSOURCING OF PAYROLL, WORKER'S COMPENSATION, HUMAN RESOURCES AND EMPLOYEE BENEFITS ADMINISTRATION. IT DOES THIS BY HIRING A CLIENT COMPANY'S EMPLOYEES, THUS BECOMING THEIR EMPLOYER OF RECORD. IT THEN LEASES THEM BACK UNDER CONTRACT TO THE ORIGINAL EMPLOYER. THIS PRACTICE IS KNOWN AS CO-EMPLOYMENT, EMPLOYEE LEASING, OR STAFF LEASING. THE EMPLOYEES OF THE ARTS INSTITUTE OF TAMPA, LLC ARE REPORTED AS EMPLOYEES OF G&A OUTSOURCING, LLC ON THE OFFICIAL PAYROLL TAX RETURNS. THE ARTS INSTITUTE OF TAMPA, LLC HAS REPORTED THE NUMBER OF EMPLOYEES WHO ARE PAID THROUGH THE PEO IN PART V, LINE 2A. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBER HAS THE POWER TO APPOINT THE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, BUT GRANTS THE ORGANIZATION'S GOVERNING BODY THE GENERAL AUTHORITY TO CONDUCT THE BUSINESS OPERATIONS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER HAS THE POWER TO APPOINT MEMBERS OF THE ORGANIZATION'S GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBER GRANTS THE ORGANIZATION'S GOVERNING BODY THE GENERAL AUTHORITY TO CONDUCT THE BUSINESS OPERATIONS OF THE ORGANIZATION FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WILL BE REVIEWED BY CURRENT CFO PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHOULD ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT PERSON: (A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; (B) HAS READ AND UNDERSTANDS THE POLICY; (C) HAS AGREED TO COMPLY WITH THE POLICY; AND (D) UNDERSTANDS THAT THE ORGANIZATION IS CHARITABLE AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. TO ENSURE THAT THE ORGANIZATION OPERATES ON A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEW SHOULD BE CONDUCTED AT LEAST ANNUALLY. THE PERIODICA REVIEW SHOULD, AT MINIMUM, INCLUDE (A) WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION AND THE RESULT OF ARM'S LENGTH BARGAINING; AND (B) WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT CORPORATIONS CONFIRM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIALS - THE BOARD DEVELOPS THE COMPENSATION ARRANGEMENTS FOR CHIEF EMPLOYED EXECUTIVES. THE ARRANGEMENTS ARE REVIEWED AND APPROVED BY THE BOARD OR DELEGATED COMMITTEE OF THE BOARD. THE PROCESS UTILIZES IMPARTIAL DECISION MAKERS, COMPARABILITY DATA, AND CONCURRENT DOCUMENTATION IN SETTING COMPENSATION. COMPENSATION PROCESS FOR OFFICERS - THE BOARD DEVELOPS THE COMPENSATION ARRANGEMENTS FOR OFFICERS AND KEY EMPLOYEES. THE ARRANGEMENTS ARE REVIEWED AND APPROVED BY THE BOARD OR DELEGATED COMMITTEE OF THE BOARD. THE PROCESS UTILIZES IMPARTIAL DECISION MAKERS, COMPARABILITY DATA, AND CONCURRENT DOCUMENTATION IN SETTING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. PART VII, SECTION B, LINE 1: ALL 1099'S WERE ISSUED BY THE PARENT ORGANIZATION, THE ARTS INSTITUTES INTERNATIONAL, LLC. FORM 990, PART IX, LINE 11G OTHER PROF FEES: PROGRAM SERVICE EXPENSES 300,970. MANAGEMENT AND GENERAL EXPENSES 2,102,528. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,403,498. 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