Civic Intelligence

Studio Incamminati

990 • Fiscal year 2018 • EIN 20-0151437

Sep 01, 2017 to Aug 31, 2018 • Filed on Jun 26, 2019

Organization Profilewww.studioincamminati.org
340 N 12th StreetPhiladelphia, PA 19107

(215) 592-1918

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

77th percentile

0.41x

Higher debt load relative to assets than 77% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

65th percentile

0.21x

Higher debt load relative to revenue than 65% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

47th percentile

2.0%

Higher net margin than 47% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

60th percentile

$82,500

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

82nd percentile

20%

Faster asset growth than 82% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

42nd percentile

1.0%

Faster revenue growth than 42% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$543,687

Up $90,682 (+20%) from 2017

Net Assets

Up

$318,500

Up $21,941 (+7.4%) from 2017

Liabilities

Up

$225,187

Up $68,741 (+44%) from 2017

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin47th percentile

Revenue

Up

$1,087,312

Up $10,695 (+1.0%) from 2017

Expenses

Down

$1,065,371

Down $8,024 (-0.7%) from 2017

Net Income

Up

$21,941

Up $18,719 (+581%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $361,541Liabilities 2011: $321,900Net Assets 2011: $39,6412011Assets 2012: $322,120Liabilities 2012: $261,498Net Assets 2012: $60,6222012Assets 2013: $410,091Liabilities 2013: $298,272Net Assets 2013: $111,8192013Assets 2014: $496,571Liabilities 2014: $294,878Net Assets 2014: $201,6932014Assets 2015: $541,363Liabilities 2015: $279,064Net Assets 2015: $262,2992015Assets 2016: $579,685Liabilities 2016: $286,348Net Assets 2016: $293,3372016Assets 2017: $453,005Liabilities 2017: $156,446Net Assets 2017: $296,5592017Assets 2018: $543,687Liabilities 2018: $225,187Net Assets 2018: $318,5002018Assets 2019: $294,336Liabilities 2019: $207,324Net Assets 2019: $87,0122019Assets 2020: $1,312,480Liabilities 2020: $180,987Net Assets 2020: $1,131,4932020Assets 2021: $1,301,112Liabilities 2021: $190,165Net Assets 2021: $1,110,9472021Assets 2022: $794,072Liabilities 2022: $159,258Net Assets 2022: $634,8142022Assets 2023: $2,973,293Liabilities 2023: $2,385,576Net Assets 2023: $587,7172023Assets 2024: $2,893,279Liabilities 2024: $2,186,348Net Assets 2024: $706,9312024

Highlighted filing

2018

Assets$543,687
Liabilities$225,187
Net Assets$318,500
Open 2018 Filing

Operations Trend

Revenue Growth42nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $843,855Expenses 2011: $831,199Net Income 2011: $12,6562011Revenue 2012: $879,975Expenses 2012: $858,994Net Income 2012: $20,9812012Revenue 2013: $920,055Expenses 2013: $868,858Net Income 2013: $51,1972013Revenue 2014: $1,048,224Expenses 2014: $958,350Net Income 2014: $89,8742014Revenue 2015: $1,078,423Expenses 2015: $1,017,817Net Income 2015: $60,6062015Revenue 2016: $1,106,578Expenses 2016: $1,075,540Net Income 2016: $31,0382016Revenue 2017: $1,076,617Expenses 2017: $1,073,395Net Income 2017: $3,2222017Revenue 2018: $1,087,312Expenses 2018: $1,065,371Net Income 2018: $21,9412018Revenue 2019: $970,811Expenses 2019: $1,191,431Net Income 2019: -$220,6202019Revenue 2020: $2,190,160Expenses 2020: $1,151,225Net Income 2020: $1,038,9352020Revenue 2021: $1,303,539Expenses 2021: $1,366,636Net Income 2021: -$63,0972021Revenue 2022: $876,888Expenses 2022: $1,314,387Net Income 2022: -$437,4992022Revenue 2023: $1,233,565Expenses 2023: $1,271,912Net Income 2023: -$38,3472023Revenue 2024: $1,360,146Expenses 2024: $1,241,249Net Income 2024: $118,8972024

Highlighted filing

2018

Revenue$1,087,312
Expenses$1,065,371
Net Income$21,941
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Jun 26, 2019
Return Version
2017v2.2
Gross Receipts
$1,228,888
Mission and Program Overview

Mission

Studio incamminati provides a rigorous and comprehensive foundation in realist painting, drawing upon deep humanist values and remaining committed to keeping tuition as low as possible. Modeled on both the traditional italian art academy and the french atelier, studio incamminati's integrated curriculum produces highly skilled artists who can call upon their abilities to create art with depth of purpose. It is our hope that our students will go on to inspire others with their art and their teaching, and to make meaningful contributions to society with their talents.

Studio incamminati exists to meet the express needs of students eager to learn the aesthetic and philosophical principles of humanist realism and the techniques espoused by it's

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$214,931$254,399▲ $39,468
Accounts Receivable$67,456$163,559▲ $96,103
Savings and Temporary Cash Investments$102,029$48,850▼ $53,179
Inventories for Sale or Use$27,362$27,232▼ $130
Prepaid Expenses and Deferred Charges$13,405$18,744▲ $5,339
Land, Buildings, and Equipment, Net$2,247$5,328▲ $3,081
Total Assets$453,005$543,687▲ $90,682
Other Assets Total$25,575$25,575→ $0
Liabilities
Deferred Revenue$92,021$131,652▲ $39,631
Accounts Payable and Accrued Expenses$64,425$93,535▲ $29,110
Total Liabilities$156,446$225,187▲ $68,741
Net Assets / Fund Balance
Unrestricted Net Assets$296,559$318,500▲ $21,941
Total Net Assets Fund Balance$296,559$318,500▲ $21,941
Total Liabilities and Net Assets / Fund Balance$453,005$543,687▲ $90,682

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,608$32,929$34,537
Other Land Buildings$3,720$19,409$23,129
Other Assets Org$21,450--
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jay PenniePresidentFT$82,500$82,500

Board Members and Trustees

NameTitle
William G DanielsChairman
Frank GiordanoChairman Emeritus
Edith B MagazinerBoard Member
Federico CastelluccioBoard Member
Linton a Whitaker MdBoard Member
Marc MostovoyBoard Member
Richard RosselloBoard Member
Steven BennettBoard Member
Leona ShanksCo-founder/board Member
Alvin Holm AiaSecretary
James L Mccabe PhdTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$492,983
Program Service Revenue
$543,246
Investment Income
$442
Other Revenue
$50,641
All Other Contributions
$492,983
Change in Net Assets
$21,941

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded216$48,403Fair Market Value
Total Noncash Contributions216$48,403-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,087,312
Total Revenue per Audited Statements
$1,087,312
Total Revenue per Form 990
$1,087,312
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$767,974
Salaries, Compensation, and Employee Benefits$297,397
Total Fundraising Expense$68,262
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$212,653$11,093$0$223,746
Comp Disqual Persons$95,245$71,298$41,636$208,179
All Other Expenses$146,038$26,466$3,893$176,397
Current Officers, Directors, Trustees, and Key Employees$40,819$30,555$17,844$89,218
Advertising$49,560$0$0$49,560
Insurance$10,077$6,011$1,591$17,679
Other Expenses$0$8,555$0$8,555
Depreciation Depletion$639$0$0$639
Total Functional Expenses$841,482$155,627$68,262$1,065,371

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,065,371
Total Expenses per Audited Statements$1,065,371
Total Expenses per Form 990$1,065,371
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$111,196
Fundraising Direct Expenses$63,514
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinner Gala & Auction$111,196$111,196$20,566$90,630
None----
Total Events$111,196$111,196$63,514$47,682
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
William G DanielsBoard ChairmanContributionNo$57,417
James L Mccabe PhdTreasurerContributionNo$50,919
Frank GiordanoChairman EmeritusContributionNo$11,050
Richard RosselloBoard MemberContributionNo$6,000
Leona ShanksCo-founder/board MemberContributionNo$5,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Studio Incamminati
EIN
20-0151437
Phone
2155921918
Address
340 N 12TH STREET, PHILADELPHIA, PA 19107

Signing Officer

Name
William G Daniels
Title
Chairman
Phone
2155921918
Signed
2019-06-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Daniels
Formed
2002
Legal Domicile
Pa
Voting Board Members
10
Independent Board Members
10
Employees
5
Volunteers
72

Preparer

Firm
Cupersmith Wilensky Stempler & Company LLP
Address
2500 MCCLELLAN BLVD SUITE 100, PENNSAUKEN, NJ 08109
Preparer
Martin B Wilensky
Phone
8566611610
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The 990 is provided to the finance committee for review and approved at the annual board meeting.”

Pt VI, Line 12C

“The members of the board are required to disclose any actual or perceived conflict to the finance committee. The individual shall promptly and fully disclose the conflict and shall refrain from participating in any way in the matter to which the conflict relates until resolved. The finance committee will review, evaluate and recommend a decision to the board. A board member with any interest in the matter shall not participate in the decision making process.”

Pt VI, Line 19

“These documents are available in the business office during normal business hours.”

Form 990, Part IX, Line 24E

“Meals and entertainment 3294. 3294. 0. 0.”

Form 990, Part IX, Line 24E

“Memberships 5815. 5815. 0. 0.”

Form 990, Part IX, Line 24E

“Modeling fees 75073. 75073. 0. 0.”

Form 990, Part IX, Line 24E

“Taxes - other 250. 0. 250. 0.”

Form 990, Part IX, Line 24E

“Postage and delivery 1602. 0. 1602. 0.”

Form 990, Part IX, Line 24E

“Payroll processing 1386. 634. 475. 277.”

Form 990, Part IX, Line 24E

“Professional fees 33352. 12237. 17981. 3134.”

Form 990, Part IX, Line 24E

“Repairs and maintenance 6697. 6362. 335. 0.”

Form 990, Part IX, Line 24E

“Supplies 10846. 7122. 3724. 0.”

Form 990, Part IX, Line 24E

“Telephone 5352. 3050. 1820. 482.”

Form 990, Part IX, Line 24E

“Utilities 5578. 5299. 279. 0.”

Form 990, Part IX, Line 24E

“Travel 26150. 26150. 0. 0.”

Form 990, Part IX, Line 24E

“Bad debt expense 1002. 1002. 0. 0.”

Financial Statement Notes

Pt III, Line 4

“The organization's collection consists of works of art (drawings and paintings) which serve as examples of artistic techniques that are studied by the students.”

Pt X, Line 2

“In accordance with accounting pronouncements, the Organization has adopted the recognition requirements for uncertain income tax positions. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return only when it is determined that the income tax position will more likely than not be sustained upon examination by taxing authorities. The Organization has analyzed tax positions taken for filings with federal and state jurisdictions where it operates. The Organization believes that the income tax filing positions will be sustained upon examination and does not anticipate any material adjustments that would result in a material effect on the Organization's financial statements. Accordingly, the Organization has not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions at August 31, 2018. The forms 990, Returns of Organizations Exempt Income Tax are subject to examination by federal and state taxing authorities, generally three years for federal and varying periods for states. The Organization's policy is to record income tax related interest and penalties, if any, in operating expenses.”

Raw XML AppendixShowing 400 of 532 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/FundraisingGrossIncomeAmt0111196
IRS990/GainOrLossGrp/SecuritiesAmt0326
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt048730
IRS990/GrossReceiptsAmt01228888
IRS990/GrossSalesOfInventoryAmt032617
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt010
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt01591
IRS990/InsuranceGrp/ManagementAndGeneralAmt06011
IRS990/InsuranceGrp/ProgramServicesAmt010077
IRS990/InsuranceGrp/TotalAmt017679
IRS990/InventoriesForSaleOrUseGrp/BOYAmt027362
IRS990/InventoriesForSaleOrUseGrp/EOYAmt027232
IRS990/InvestmentIncomeGrp/ExclusionAmt0116
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0116
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt082
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt052338
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02247
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05328
IRS990/LandBldgEquipCostOrOtherBssAmt057666
IRS990/LegalDomicileStateCd0PA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt048404
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0STUDIO INCAMMINATI EXISTS TO MEET
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0296559
IRS990/NetAssetsOrFundBalancesEOYAmt0318500
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0326
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0326
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt047682
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt047682
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt02959
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt02959
IRS990/NoncashContributionsAmt048403
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt011093
IRS990/OccupancyGrp/ProgramServicesAmt0212653
IRS990/OccupancyGrp/TotalAmt0223746
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt025575
IRS990/OtherAssetsTotalGrp/EOYAmt025575
IRS990/OtherExpensesGrp/Desc0COMMUNITY OUTREACH PROGRAMS
IRS990/OtherExpensesGrp/Desc1ART INSTRUCTORS
IRS990/OtherExpensesGrp/Desc2BANK AND FINANCING CHARGES
IRS990/OtherExpensesGrp/Desc3EQUIPMENT RENTAL
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt23298
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21649
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt38555
IRS990/OtherExpensesGrp/ProgramServicesAmt08710
IRS990/OtherExpensesGrp/ProgramServicesAmt1266200
IRS990/OtherExpensesGrp/ProgramServicesAmt211541
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt08710
IRS990/OtherExpensesGrp/TotalAmt1266200
IRS990/OtherExpensesGrp/TotalAmt216488
IRS990/OtherExpensesGrp/TotalAmt38555
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013405
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018744
IRS990/PrincipalOfficerNm0WILLIAM DANIELS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0543246
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0389496
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-15
IRS990/PYOtherExpensesAmt0798798
IRS990/PYOtherRevenueAmt098384
IRS990/PYProgramServiceRevenueAmt0588752
IRS990/PYRevenuesLessExpensesAmt03222
IRS990/PYSalariesCompEmpBnftPaidAmt0274597
IRS990/PYTotalExpensesAmt01073395
IRS990/PYTotalRevenueAmt01076617
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt021941
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0543246
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0102029
IRS990/SavingsAndTempCashInvstGrp/EOYAmt048850
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ArtPublicExhibitionAmountsGrp/AssetsIncludedAmt04125
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt01608
IRS990ScheduleD/EquipmentGrp/DepreciationAmt032929
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt034537
IRS990ScheduleD/ExpensesSubtotalAmt01065371
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04125
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt121450
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ART COLLECTION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03720
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt019409
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt023129
IRS990ScheduleD/RevenueSubtotalAmt01087312
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S COLLECTION CONSISTS OF WORKS OF ART (DRAWINGS AND PAINTINGS) WHICH SERVE AS EXAMPLES OF ARTISTIC TECHNIQUES THAT ARE STUDIED BY THE STUDENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1In accordance with accounting pronouncements, the Organization has adopted the recognition requirements for uncertain income tax positions. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return only when it is determined that the income tax position will more likely than not be sustained upon examination by taxing authorities. The Organization has analyzed tax positions taken for filings with federal and state jurisdictions where it operates. The Organization believes that the income tax filing positions will be sustained upon examination and does not anticipate any material adjustments that would result in a material effect on the Organization's financial statements. Accordingly, the Organization has not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions at August 31, 2018. The forms 990, Returns of Organizations Exempt Income Tax are subject to examination by federal and state taxing authorities, generally three years for federal and varying periods for states. The Organization's policy is to record income tax related interest and penalties, if any, in operating expenses.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt III, Line 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05328
IRS990ScheduleD/TotalBookValueOtherAssetsAmt025575
IRS990ScheduleD/TotalExpensesPerForm990Amt01065371
IRS990ScheduleD/TotalRevenuePerForm990Amt01087312
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01087312
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01065371
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE POLICY IS DISCLOSED IN THE SCHOOL'S POLICIES AND GUIDELINES BROCHURE. THE POLICY IS DISCLOSED IN THE SCHOOL'S POLICIES AND GUIDELINES BROCHURE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt0200
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt0200
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt063514
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0200
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0200
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0DINNER GALA & AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0NONE
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt018191
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt018191
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0111196
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0111196
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0111196
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0111196
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt047682
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0281
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0281
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt020566
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt020566
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt024076
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt024076
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0WILLIAM G DANIELS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1JAMES L MCCABE PHD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2LEONA SHANKS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3FRANK GIORDANO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm4RICHARD ROSSELLO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD CHAIRMAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1TREASURER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2CO-FOUNDER/BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3CHAIRMAN EMERITUS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd4false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt057417
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt150919
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt25000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt311050
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt46000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0CONTRIBUTION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1CONTRIBUTION

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$543,687
Liabilities
$225,187
Net assets
$318,500
Revenue
$1,087,312
Expenses
$1,065,371
Net income
$21,941
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.89$2.19$0.71$1.36$1.24$0.12
2023Summary only. Only limited summary data is available for this year.$2.97$2.39$0.59$1.23$1.27$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.79$0.16$0.63$0.88$1.31$0.44
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.19$1.11$1.30$1.37$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.18$1.13$2.19$1.15$1.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.21$0.09$0.97$1.19$0.22
2018Detailed filing. Detailed filing data is available for this year.$0.54$0.23$0.32$1.09$1.07$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.45$0.16$0.30$1.08$1.07$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.58$0.29$0.29$1.11$1.08$0.03
2015Summary only. Only limited summary data is available for this year.$0.54$0.28$0.26$1.08$1.02$0.06
2014Summary only. Only limited summary data is available for this year.$0.50$0.29$0.20$1.05$0.96$0.09
2013Summary only. Only limited summary data is available for this year.$0.41$0.30$0.11$0.92$0.87$0.05
2012Summary only. Only limited summary data is available for this year.$0.32$0.26$0.06$0.88$0.86$0.02
2011Summary only. Only limited summary data is available for this year.$0.36$0.32$0.04$0.84$0.83$0.01