Civic Intelligence

Studio Incamminati

990 • Fiscal year 2020 • EIN 20-0151437

Sep 01, 2019 to Aug 31, 2020 • Filed on May 04, 2021

Organization ProfileWWW.STUDIOINCAMMINATI.ORG
1901 S 9th Street No 7th FLPhiladelphia, PA 19148

(215) 592-7910

Siviq Scores

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

Liabilities / Assets

55th percentile

0.14x

Higher debt load relative to assets than 55% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

40th percentile

0.08x

Higher debt load relative to revenue than 40% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

89th percentile

47%

Higher net margin than 89% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

44th percentile

$38,038

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

98th percentile

346%

Faster asset growth than 98% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

94th percentile

126%

Faster revenue growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$1,312,480

Up $1,018,144 (+346%) from 2019

Net Assets

Up

$1,131,493

Up $1,044,481 (+1200%) from 2019

Liabilities

Down

$180,987

Down $26,337 (-13%) from 2019

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin89th percentile

Revenue

Up

$2,190,160

Up $1,219,349 (+126%) from 2019

Expenses

Down

$1,151,225

Down $40,206 (-3.4%) from 2019

Net Income

Up

$1,038,935

Up $1,259,555 (+571%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth98th 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

2020

Assets$1,312,480
Liabilities$180,987
Net Assets$1,131,493
Open 2020 Filing

Operations Trend

Revenue Growth94th 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

2020

Revenue$2,190,160
Expenses$1,151,225
Net Income$1,038,935
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
May 4, 2021
Return Version
2019v5.2
Gross Receipts
$2,829,436
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 founder nelson shanks.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$538,909▲ $538,909
Investments in Publicly Traded Securities-$427,457-
Accounts Receivable$49,366$210,245▲ $160,879
Cash and Non-Interest-Bearing Accounts$136,917$38,204▼ $98,713
Prepaid Expenses and Deferred Charges$8,354$33,449▲ $25,095
Inventories for Sale or Use$32,483$11,521▼ $20,962
Savings and Temporary Cash Investments$33,169$745▼ $32,424
Total Assets$294,336$1,312,480▲ $1,018,144
Other Assets Total$34,047$51,950▲ $17,903
Liabilities
Unsecured Notes Loans Payable-$79,130-
Deferred Revenue$155,435$47,875▼ $107,560
Accounts Payable and Accrued Expenses$51,889$46,650▼ $5,239
Grants Payable-$7,332-
Total Liabilities$207,324$180,987▼ $26,337
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$31,093$1,093,143▲ $1,062,050
Net Assets With Donor Restrictions$55,919$38,350▼ $17,569
Total Net Assets Fund Balance$87,012$1,131,493▲ $1,044,481
Total Liabilities and Net Assets / Fund Balance$294,336$1,312,480▲ $1,018,144

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$538,909-$538,909
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Diane RappisiInterim President (outgoing)FT$38,038$38,038
Ellie CoxCheif Financial OfficerPT$5,000$5,000

Board Members and Trustees

NameTitle
William G DanielsChairman
James SavoiePresident (incoming)
Alvin Holm AiaBoard Member
Betsy EbyBoard Member
Bo BartlettBoard Member
Chantelle FitzgeraldBoard Member
Federico CastelluccioBoard Member
Monica BeanBoard Member
Richard RosselloBoard Member
Sonia DasguptaBoard Member
Leona ShanksCo-founder/secretary
Steven BennettTreasurer (incoming)
James L Mccabe PhdTreasurer (outgoing)
Revenue and Support

Revenue Composition

Contributions and Grants
$1,586,048
Program Service Revenue
$590,775
Investment Income
$12,772
Other Revenue
$565
All Other Contributions
$1,332,783
Change in Net Assets
$1,038,935

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 Traded223$42,060Fair Market Value
Total Noncash Contributions223$42,060-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,190,160
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$5,546
Total Revenue per Audited Statements
$2,195,706
Total Revenue per Form 990
$2,190,160
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$805,772
Salaries, Compensation, and Employee Benefits$338,118
Total Fundraising Expense$28,056
Grants and Similar Amounts Paid$7,335
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$315,922$13,004-$328,926
Occupancy$244,730$14,429$317$259,476
Other Salaries and Wages$184,383$62,313$6,829$253,525
Current Officers, Directors, Trustees, and Key Employees-$47,468$12,952$60,420
Office Expenses$24,501$22,131$85$46,717
Fees for Services Legal-$35,207-$35,207
Payroll Taxes$16,951$6,409$813$24,173
Travel$16,833$1,315-$18,148
Advertising$1,947$15,875-$17,822
Insurance$13,844$1,708$173$15,725
Fees for Services Accounting-$14,753-$14,753
Other Expenses$9,665$10,210-$9,665
Grants to Domestic Individuals$7,335--$7,335
All Other Expenses--$6,887$6,887
Interest-$488-$488
Total Functional Expenses$839,930$283,239$28,056$1,151,225

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,151,225
Total Expenses per Audited Statements$1,151,225
Total Expenses per Form 990$1,151,225
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
-Treasurer (incoming)ContributionNo$32,500
-Board MemberContributionNo$30,498
Monica BeanBoard ChairmanContributionNo$22,610
Richard RosselloTreasurer (outgoing)ContributionNo$20,400
Ellie CoxCo-founder/secretaryContributionNo$10,000
-CFO and Sister to Board Member Leona ShanksEmployee WagesNo$8,000
-Board MemberContributionNo$5,750
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 35% controlled entity
No
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

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Studio's chief financial officer is the sister of leona shanks, co-founder and secretary of the board of directors.”

Form 990, Part VI, Section B, Line 11B

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

Form 990, Part VI, Section B, 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.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Studio Incamminati
EIN
20-0151437
Phone
2155927910
Address
1901 S 9TH STREET NO 7TH FL, PHILADELPHIA, PA 19148

Signing Officer

Name
James Savoie
Title
President
Phone
2155921918
Signed
2021-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Savoie
Formed
2002
Legal Domicile
Pa
Voting Board Members
12
Independent Board Members
12
Employees
8
Volunteers
15

Preparer

Firm
S R Snodgrass Pc
Address
2009 MACKENZIE WAY SUITE 340, CRANBERRY TOWNSHIP, PA 16066
Preparer
Brian E Bender CPA
Phone
7249340344
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting: program service expenses 14,284. Management and general expenses 622. Fundraising expenses 0. Total expenses 14,906. Instructors: program service expenses 250,079. Management and general expenses 12,096. Fundraising expenses 0. Total expenses 262,175. Modeling: program service expenses 51,559. Management and general expenses 286. Fundraising expenses 0. Total expenses 51,845.”

FORM 990, PART XII, LINE 2C:

“Studio incamminati maintains an audit committee, who assumes the responsibility for oversight of the annual audit of its financial statements and selection of an independent accountant.”

Financial Statement Notes

PART 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 students.”

PART X, LINE 2:

“The school accounts for uncertainties in income taxes in accordance with authoritative guidance, which prescribes a recognition threshold of more likely than not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold has been met. During the year ended august 31, 2020, the school did not identify any uncertain tax positions that qualify for either recogntition or disclosure in the financial statements. Tax returns filed by the school are subject to examination by the internal revenue service for a period of three years. While no income tax returns are currently being examined by the internal revenue service, tax years since 2016 remain open. The school's policy is to recognize interest related to unrecognized tax benefits in interest expense and penalties in income tax expense on the statement of functional expenses.”

Raw XML AppendixShowing 400 of 541 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/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER (OUTGOING)
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER (INCOMING)
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5CO-FOUNDER/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT (INCOMING)
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHEIF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt14INTERIM PRESIDENT (OUTGOING)
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02002
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt06197
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt0253265
IRS990/GrantAmt07335
IRS990/GrantsPayableGrp/EOYAmt07332
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt07335
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt07335
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0632834
IRS990/GrossReceiptsAmt02829436
IRS990/GrossSalesOfInventoryAmt013204
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/FundraisingAmt0173
IRS990/InsuranceGrp/ManagementAndGeneralAmt01708
IRS990/InsuranceGrp/ProgramServicesAmt013844
IRS990/InsuranceGrp/TotalAmt015725
IRS990/InterestGrp/ManagementAndGeneralAmt0488
IRS990/InterestGrp/TotalAmt0488
IRS990/InventoriesForSaleOrUseGrp/BOYAmt032483
IRS990/InventoriesForSaleOrUseGrp/EOYAmt011521
IRS990/InvestmentIncomeGrp/ExclusionAmt06575
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06575
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0427457
IRS990/IRPDocumentCnt090
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0538909
IRS990/LandBldgEquipCostOrOtherBssAmt0538909
IRS990/LegalDomicileStateCd0PA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0626637
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0STUDIO 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 FOUNDER NELSON SHANKS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt087012
IRS990/NetAssetsOrFundBalancesEOYAmt01131493
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt06197
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt06197
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0565
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0565
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt05546
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt031093
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01093143
IRS990/NoncashContributionsAmt042060
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0317
IRS990/OccupancyGrp/ManagementAndGeneralAmt014429
IRS990/OccupancyGrp/ProgramServicesAmt0244730
IRS990/OccupancyGrp/TotalAmt0259476
IRS990/OfficeExpensesGrp/FundraisingAmt085
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt022131
IRS990/OfficeExpensesGrp/ProgramServicesAmt024501
IRS990/OfficeExpensesGrp/TotalAmt046717
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt034047
IRS990/OtherAssetsTotalGrp/EOYAmt051950
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc3COMMUNITY OUTREACH PROG
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt018590
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt119339
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt210210
IRS990/OtherExpensesGrp/ProgramServicesAmt03819
IRS990/OtherExpensesGrp/ProgramServicesAmt19665
IRS990/OtherExpensesGrp/TotalAmt022409
IRS990/OtherExpensesGrp/TotalAmt119339
IRS990/OtherExpensesGrp/TotalAmt210210
IRS990/OtherExpensesGrp/TotalAmt39665
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt06829
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt062313
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0184383
IRS990/OtherSalariesAndWagesGrp/TotalAmt0253525
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0813
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06409
IRS990/PayrollTaxesGrp/ProgramServicesAmt016951
IRS990/PayrollTaxesGrp/TotalAmt024173
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08354
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt033449
IRS990/PrincipalOfficerNm0JAMES SAVOIE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0590775
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0590775
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0368670
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0925
IRS990/PYOtherExpensesAmt0814860
IRS990/PYOtherRevenueAmt04691
IRS990/PYProgramServiceRevenueAmt0596525
IRS990/PYRevenuesLessExpensesAmt0-220620
IRS990/PYSalariesCompEmpBnftPaidAmt0376571
IRS990/PYTotalExpensesAmt01191431
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0970811
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01038935
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0591340
IRS990/SavingsAndTempCashInvstGrp/BOYAmt033169
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0745
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ArtPublicExhibitionAmountsGrp/AssetsIncludedAmt04125
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01151225
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt05546
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0538909
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0538909
IRS990ScheduleD/RevenueNotReportedAmt05546
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02190160
IRS990ScheduleD/SolicitedAssetsSaleInd00
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 STUDENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. DURING THE YEAR ENDED AUGUST 31, 2020, THE SCHOOL DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNTITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. TAX RETURNS FILED BY THE SCHOOL ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2016 REMAIN OPEN. THE SCHOOL'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN INCOME TAX EXPENSE ON THE STATEMENT OF FUNCTIONAL EXPENSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0538909
IRS990ScheduleD/TotalExpensesPerForm990Amt01151225
IRS990ScheduleD/TotalRevenuePerForm990Amt02190160
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02195706
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01151225
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE POLICY IS DISCLOSED IN THE SCHOOL'S POLICIES AND GUIDELINES BROCHURE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE INSTITUTION PARTICIPATES IN A VARIETY OF FEDERAL AND STATE STUDENT GRANT AND AID PROGRAMS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt07335
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF) TO BE USED FOR ART SUPPLIES AND OTHER OUT-OF-POCKET SCHOOL EXPENSES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt016

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,312,480
Liabilities
$180,987
Net assets
$1,131,493
Revenue
$2,190,160
Expenses
$1,151,225
Net income
$1,038,935
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
2020Detailed filing. Detailed filing data is available for this year.$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
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$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