Overview
What is Columbia College Hollywood?
Columbia College Hollywood is a nonprofit institution located at 18618 Oxnard Street, Tarzana, California, 91356. The college offers higher education in the form of Associate of Applied Science (AAS) and Bachelor of Fine Arts (BFA) degrees in various fields related to cinema and recording arts. Due to the COVID-19 pandemic, most of their education classes were taught remotely and online, with limited on-ground participation. In response to the pandemic, they offered financial relief to students through scholarships, retained the majority of their employees through Paycheck Protection Program (PPP) loans that were eventually forgiven, and used Institution HEERF grants to partially offset lost revenues. Columbia College Hollywood's mission is to educate students in the art and science of communication and the diverse media of contemporary storytelling, blending a rigorous course of study and practice. Their graduates are prepared to be analytical thinkers and effective communicators, contributing creatively, knowledgeably, and responsibly to a curious, thoughtful, and compassionate global community. The institution employs 232 people.
Official website here: www.columbiacollege.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 41% - Zero-Star out of Four Star rating
Columbia College Hollywood has received a low rating of 41% from Charity Navigator, indicating significant concerns in its accountability and financial practices. While the organization features a majority of independent board members and has established policies for conflict of interest, whistleblowing, and document retention, it lacks essential financial transparency. Notably, the absence of financial statements on its website has contributed to its low score.
The college shows a concerning liabilities to assets ratio of over 154%, which raises questions about its financial stability and sustainability. Although it allocates a portion of its expenditures to program activities, the overall program expense ratio remains below expectations. The significant shortcomings in financial reporting are critical, as they limit stakeholders' understanding of how funds are managed and utilized.
Despite some strengths in governance, the overall financial performance and transparency issues pose serious challenges for Columbia College Hollywood. Prospective donors and stakeholders should consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Columbia College Hollywood legitimate?
Columbia College Hollywood is a legitimate nonprofit organization registered as a 501(c)(3) entity. Columbia College Hollywood 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: $1,023,307
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,396,412
For more financial information, click here
Official website here: www.columbiacollege.edu
What is the mission statement of Columbia College Hollywood?
Columbia College Hollywood's mission is to educate students in the art and science of communications and contemporary storytelling, intertwining a thorough exploration of the liberal arts. The institution's rigorous academic program and hands-on practice prepare graduates to be critical thinkers and eloquent communicators, who are creative, knowledgeable, and responsible contributors to a curious, thoughtful, and compassionate global community. Amidst the COVID-19 pandemic, the college shifted to predominantly remote and online learning, providing financial relief to students through scholarships and retaining a significant portion of its workforce through PPP loans that were later forgiven. Institution HEERF grants were utilized to partially offset lost revenues.
Official website here: www.columbiacollege.edu
Who is the CEO of Columbia College Hollywood?
William Smith is the Trustee of Columbia College Hollywood. The CEO's salary of Columbia College Hollywood is $210,435 and their total compensation is $220,989.
Official website here: www.columbiacollege.edu
What is the revenue of Columbia College Hollywood?
Columbia College Hollywood's revenue in 2022 was $19,320,948.
Official website here: www.columbiacollege.edu
Who are the executives of Columbia College Hollywood and what are their salaries?
The average compensation at Columbia College Hollywood during 2022 was $27,671. There are 232 employees and 5 volunteers at Columbia College Hollywood.
Here are 13 key members and their salaries (Columbia College Hollywood's CEO's salary is $210,435 and their total compensation is $220,989):
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- Compensation: $20,500
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- Compensation: $210,435
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- Other: $10,554
- Compensation: $130,272
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- Other: $22,009
- Compensation: $122,552
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- Other: $1,797
- Compensation: $123,963
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- Other: $2,709
- Compensation: $157,516
- Related: $0
- Other: $19,309
Official website here: www.columbiacollege.edu
Where can I find the form 990 for Columbia College Hollywood?
Columbia College Hollywood's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.columbiacollege.edu
Learn more at the official website: www.columbiacollege.edu
Mission Statement of Columbia College Hollywood
Columbia College Hollywood, a renowned educational institution, is dedicated to nurturing students in the art and science of communications and contemporary storytelling. The college's mission goes beyond imparting knowledge; it aims to prepare students to become critical thinkers and eloquent communicators. The curriculum is designed to foster creativity, knowledge, and responsibility among graduates.
Columbia College Hollywood's rigorous academic program explores the diverse media of modern storytelling within the context of a liberal arts education. The institution's commitment to excellence is evident in its rigorous course of study and practice, which prepares students to contribute to a curious, thoughtful, and compassionate global community.
During the unprecedented COVID-19 pandemic, Columbia College Hollywood adapted to the challenges by offering mostly remote and online education classes. Despite the financial losses, the institution provided relief to students through incremental scholarships and partially offset the revenue shortfall with HEERF grants. Additionally, the college was able to retain the majority of its employees through PPP borrowing that was later forgiven. Through these efforts, Columbia College Hollywood continued to prioritize the education and well-being of its students during difficult times.
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Impact
October, 2024
Columbia College Hollywood has made a significant impact by providing high-quality education in the fields of cinema and recording arts. Through its rigorous programs, the college equips students with essential skills in communication and contemporary storytelling. This educational focus not only fosters creativity and analytical thinking but also prepares graduates to contribute meaningfully to a diverse and compassionate global community.
During the COVID-19 pandemic, Columbia College Hollywood adapted quickly to ensure continuity of education, shifting to remote learning while maintaining engagement with students. The college's commitment to its students was further demonstrated through financial relief initiatives, including institutional scholarships and support through HEERF grants, which helped offset lost revenues during challenging times.
Moreover, Columbia College Hollywood retained most of its staff throughout the pandemic, ensuring stability and continued support for its students. This resilience highlights the institution's dedication to the academic and personal success of its community. Overall, Columbia College Hollywood plays a crucial role in shaping skilled professionals in the media industry, fostering a culture of thoughtful and responsible storytelling.
This information is meant to be a general summary of Columbia College Hollywood. 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 2022.
- Investment Income: $46,371
- Program Service Revenue: $14,227,270
- Gross Receipts: $19,320,948
Assets and Liabilities:
- Total Assets: $10,228,800
- Total Liabilities: $14,989,703
- Net Assets: -$4,760,903
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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
$14,224,270
MISCELLANEOUS INCOME
Revenue
$3,000
Organization Details
Founding Year
1952
Phone
(818) 345-8414Principal Officer
William Smith
Main Address
18618 OXNARD STREET, TARZANA, CA, 91356
Website
www.columbiacollege.eduNTEE Category
Code: B42Z - Education
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