Overview
What is Milwaukee Institute Of Art & Design Inc?
The Milwaukee Institute of Art & Design Inc, a Milwaukee-based nonprofit institution founded in 1974, offers a four-year Bachelor of Fine Arts degree accredited by the Higher Learning Commission and the National Association of Schools of Art and Design. With a diverse student body of approximately 900, MIAD provides education in five majors: Communication Design, Illustration (General and Animation Track), Interior Architecture and Design, New Studio Practice: Fine Arts, and Product Design. MIAD fosters students' growth through service-learning programs, industry connections, and hands-on opportunities. MIAD's mission is to ignite curious minds through art, design, and service, promoting courage, integrity, kindness, community, innovation, and inclusion. MIAD's Design and Illustration majors consistently rank among the top regionally and nationally. Encompassing more than just degree programs, MIAD also brings career pathways and college readiness experiences to high school youth and offers cultural programming to the Greater Milwaukee community. MIAD values creativity, critical thinking, and inclusivity, engaging students and the community in addressing universal needs. With a total workforce of 557 individuals, MIAD is a thriving educational and creative hub for artistic expression and innovation.
Official website here: www.miad.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%
The Milwaukee Institute of Art & Design Inc has achieved a Four-Star out of Four Star rating from Charity Navigator, reflecting its high level of accountability and financial health. The organization scored 100% on its Accountability & Finance beacon, indicating strong governance practices and financial management. The oversight is effectively ensured by a board composed entirely of independent members, which is a significant strength for the nonprofit's credibility.
Financially, the institute demonstrates robust performance with an impressive program expense ratio of 87.68%, showing that a large majority of its expenses are directed toward its programs. Additionally, the organization has no material diversion of assets and maintains a favorable liabilities to assets ratio of 29.67%, suggesting good fiscal stability and responsible financial practices.
Overall, the Milwaukee Institute of Art & Design Inc showcases a commitment to transparency and accountability, supported by comprehensive policies and an independent board. No major limitations were noted in the data, reinforcing the nonprofit's positive standing within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Milwaukee Institute Of Art & Design Inc legitimate?
Milwaukee Institute Of Art & Design Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Milwaukee Institute Of Art & Design Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $952,436
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,133,269
For more financial information, click here
Official website here: www.miad.edu
What is the mission statement of Milwaukee Institute Of Art & Design Inc?
The Milwaukee Institute of Art and Design ignites curious minds through art, design, and service. The organization values courage to forge one's own path, integrity in pursuing meaningful lives and work, kindness in engaging with others, community in positively contributing to the world, innovation in addressing universal challenges, and inclusion in finding strength in diversity. Their vision is to be a galvanized educational and creative community, addressing universal needs through thought, design, and expression.
Official website here: www.miad.edu
Who is the CEO of Milwaukee Institute Of Art & Design Inc?
Jeffrey Morin is the Chair of Milwaukee Institute Of Art & Design Inc.
Official website here: www.miad.edu
What is the revenue of Milwaukee Institute Of Art & Design Inc?
Milwaukee Institute Of Art & Design Inc's revenue in 2023 was $39,512,624.
Official website here: www.miad.edu
Who are the executives of Milwaukee Institute Of Art & Design Inc and what are their salaries?
The average compensation at Milwaukee Institute Of Art & Design Inc during 2023 was $19,903. There are 557 employees and 26 volunteers at Milwaukee Institute Of Art & Design Inc.
Here are 32 key members and their salaries:
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- Other: $29,692
Official website here: www.miad.edu
Where can I find the form 990 for Milwaukee Institute Of Art & Design Inc?
Milwaukee Institute Of Art & Design Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.miad.edu
Learn more at the official website: www.miad.edu
Mission Statement of Milwaukee Institute Of Art & Design Inc
The Milwaukee Institute of Art and Design, a renowned nonprofit organization, is dedicated to igniting curiosity and creativity in individuals through art, design, and service. This institution values courage to forge unique paths, integrity to pursue life and work with purpose, kindness to engage thoughtfully with others, community to positively contribute to the world, innovation to tackle universal challenges in novel ways, and inclusion to draw strength from diversity.
The Milwaukee Institute of Art and Design's mission is geared towards nurturing inquisitive minds and fostering a vibrant, galvanized educational and creative community. The organization's commitment to thought, design, and expression aims to address universal needs and make a meaningful impact on individuals and society at large.
The organization's core values of courage, integrity, kindness, community, innovation, and inclusion are integral to its daily operations. Its members are encouraged to pursue their passions with determination and purpose while engaging with others in a kind and thoughtful manner. The Milwaukee Institute of Art and Design also emphasizes the importance of contributing positively to the community and striving for innovation in addressing universal challenges. By fostering an inclusive environment, the organization seeks to draw strength from the diversity of its members and the unique perspectives they bring to the table.
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Impact
October, 2024
The Milwaukee Institute of Art and Design (MIAD) plays a significant role in shaping the artistic and design landscape of Wisconsin and beyond. With a mission centered on igniting curious minds, MIAD fosters creativity and innovation among approximately 900 students in five specialized majors, including Communication Design, Illustration, Interior Architecture and Design, Fine Arts, and Product Design.
By emphasizing values such as courage, integrity, kindness, community, innovation, and inclusion, MIAD cultivates a vibrant educational environment where students are encouraged to pursue their unique paths. The institution's commitment to hands-on learning is exemplified through its robust service-learning program, which connects students with over 200 community partners, allowing them to engage meaningfully with the world around them.
MIAD's educational offerings are highly regarded, with its Design and Illustration majors ranked among the top programs both nationally and regionally. Recognition like the title of the number one graphic design school in Wisconsin underscores MIAD's impact on developing skilled professionals who will contribute to the creative industry.
In addition to providing exceptional bachelor's degree programs, MIAD extends its influence by offering career pathways and college readiness experiences to high school youth, along with cultural programming to the greater Milwaukee community. This holistic approach not only prepares students for success in their fields but also enriches the community, fostering an inclusive and collaborative spirit that addresses universal needs through art and design. Through its mission-driven initiatives, MIAD significantly contributes to the cultural and economic vitality of the region.
This information is meant to be a general summary of Milwaukee Institute Of Art & Design Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $154,114
- Program Service Revenue: $37,365,895
- Gross Receipts: $40,016,895
Assets and Liabilities:
- Total Assets: $27,426,794
- Total Liabilities: $8,139,459
- Net Assets: $19,287,335
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$37,267,149
AUXILIARY SERVICES
Revenue
$98,746
Organization Details
Founding Year
1974
Phone
(414) 847-3231Principal Officer
Jeffrey Morin
Main Address
273 EAST ERIE STREET, MILWAUKEE, WI, 53202
Website
www.miad.eduNTEE Category
Code: B42 - Education
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