Civic Intelligence

Studio Incamminati

990 • Fiscal year 2021 • EIN 20-0151437

Sep 01, 2020 to Aug 31, 2021 • Filed on Jul 12, 2022

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

62nd percentile

0.15x

Higher debt load relative to assets than 62% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

59th percentile

0.15x

Higher debt load relative to revenue than 59% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

19th percentile

-4.8%

Higher net margin than 19% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

73rd percentile

$107,297

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

24th percentile

-0.9%

Faster asset growth than 24% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

7th percentile

-40%

Faster revenue growth than 7% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$1,301,112

Down $11,368 (-0.9%) from 2020

Net Assets

Down

$1,110,947

Down $20,546 (-1.8%) from 2020

Liabilities

Up

$190,165

Up $9,178 (+5.1%) from 2020

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin19th percentile

Revenue

Down

$1,303,539

Down $886,621 (-40%) from 2020

Expenses

Up

$1,366,636

Up $215,411 (+19%) from 2020

Net Income

Down

-$63,097

Down $1,102,032 (-106%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth24th 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

2021

Assets$1,301,112
Liabilities$190,165
Net Assets$1,110,947
Open 2021 Filing

Operations Trend

Revenue Growth7th 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

2021

Revenue$1,303,539
Expenses$1,366,636
Net Income-$63,097
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jul 12, 2022
Return Version
2020v4.2
Gross Receipts
$1,736,253
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$538,909$551,423▲ $12,514
Investments in Publicly Traded Securities$427,457$488,446▲ $60,989
Cash and Non-Interest-Bearing Accounts$38,204$141,415▲ $103,211
Accounts Receivable$210,245$36,296▼ $173,949
Savings and Temporary Cash Investments$745$15,097▲ $14,352
Prepaid Expenses and Deferred Charges$33,449$8,826▼ $24,623
Inventories for Sale or Use$11,521$7,659▼ $3,862
Total Assets$1,312,480$1,301,112▼ $11,368
Other Assets Total$51,950$51,950→ $0
Liabilities
Deferred Revenue$47,875$124,685▲ $76,810
Unsecured Notes Loans Payable$79,130$50,738▼ $28,392
Accounts Payable and Accrued Expenses$46,650$14,742▼ $31,908
Grants Payable$7,332$0▼ $7,332
Total Liabilities$180,987$190,165▲ $9,178
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,093,143$1,102,947▲ $9,804
Net Assets With Donor Restrictions$38,350$8,000▼ $30,350
Total Net Assets Fund Balance$1,131,493$1,110,947▼ $20,546
Total Liabilities and Net Assets / Fund Balance$1,312,480$1,301,112▼ $11,368

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$472,083$33,720$505,803
Equipment$79,340$17,630$96,970
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
James SavoiePresident (outgoing)FT$107,297$107,297
Ellie CoxCheif Financial OfficerPT$14,500$14,500

Board Members and Trustees

NameTitle
William G DanielsPresident
Alvin Holm AiaBoard Member
Betsy EbyBoard Member
Bo BartlettBoard Member
Chantelle FitzgeraldBoard Member
Federico CastelluccioBoard Member
James L Mccabe PhdBoard Member
Monica BeanBoard Member
Richard RosselloBoard Member
Sonia DasguptaBoard Member
Leona ShanksCo-founder/secretary
Steven BennettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$777,624
Program Service Revenue
$512,653
Investment Income
$11,790
Other Revenue
$1,472
All Other Contributions
$316,865
Change in Net Assets
$-63,097

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,270,989
Revenue Not Reported on Financial Statements
$32,550
Revenue Not Reported on Form 990
$42,551
Other Revenue Adjustments
$32,550
Total Revenue per Audited Statements
$1,313,540
Total Revenue per Form 990
$1,303,539
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$945,668
Salaries, Compensation, and Employee Benefits$388,418
Total Fundraising Expense$38,543
Grants and Similar Amounts Paid$32,550
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$412,607$2,619-$415,226
Occupancy$234,965$13,776$439$249,180
Other Salaries and Wages$190,549$36,164$6,964$233,677
Current Officers, Directors, Trustees, and Key Employees-$102,238$28,876$131,114
Office Expenses$39,817$23,193$656$63,666
Depreciation Depletion-$51,350-$51,350
Advertising$29,807$7,044-$36,851
Grants to Domestic Individuals$32,550--$32,550
Payroll Taxes$17,660$4,888$1,079$23,627
Insurance$18,036$1,972$318$20,326
Travel$16,354$259$211$16,824
Fees for Services Accounting-$10,650-$10,650
Other Expenses$8,230$1,014-$8,230
Fees for Services Legal-$2,886-$2,886
Interest-$394-$394
Total Functional Expenses$1,061,004$267,089$38,543$1,366,636

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,366,636
Expenses per Audited Statements$1,334,086
Total Expenses per Audited Statements$1,334,086
Expenses Not Reported on Financial Statements$32,550
Other Expense Adjustments$32,550
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
Steven BennettBoard MemberDonationNo$30,000
James MccabeBoard MemberDonationNo$20,815
Leona ShanksBoard MemberDonationNo$11,000
Richard RosselloBoard MemberDonationNo$8,034
Monica BeanBoard MemberDonationNo$6,000
William DanielsBoard MemberDonationNo$5,500
Bo BartlettBoard MemberDonationNo$5,000
Federico CastellucciBoard MemberDonationNo$750
Alvin HolmBoard MemberDonationNo$300
Chantelle FitzgeraldBoard MemberDonationNo$250
Indranil DasguptaBoard MemberDonationNo$100
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
William Daniels
Title
President
Phone
2152803225
Signed
2022-07-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Daniels
Formed
2002
Legal Domicile
Pa
Voting Board Members
12
Independent Board Members
12
Employees
8
Volunteers
13

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting: program service expenses 17,898. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,898. Instructors: program service expenses 303,614. Management and general expenses 2,619. Fundraising expenses 0. Total expenses 306,233. Modeling: program service expenses 91,095. Management and general expenses 0. Fundraising expenses 0. Total expenses 91,095.”

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, 2021, 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 2017 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.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Recognize heerf funds passed to students 32,550.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Recognize heerf funds passed to students 32,550.”

Raw XML AppendixShowing 400 of 566 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/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
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 (OUTGOING)
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHEIF FINANCIAL OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02002
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt05621
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt0460759
IRS990/GrantAmt032550
IRS990/GrantsPayableGrp/BOYAmt07332
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt032550
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt032550
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0425553
IRS990/GrossReceiptsAmt01736253
IRS990/GrossSalesOfInventoryAmt014254
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/FundraisingAmt0318
IRS990/InsuranceGrp/ManagementAndGeneralAmt01972
IRS990/InsuranceGrp/ProgramServicesAmt018036
IRS990/InsuranceGrp/TotalAmt020326
IRS990/InterestGrp/ManagementAndGeneralAmt0394
IRS990/InterestGrp/TotalAmt0394
IRS990/InventoriesForSaleOrUseGrp/BOYAmt011521
IRS990/InventoriesForSaleOrUseGrp/EOYAmt07659
IRS990/InvestmentIncomeGrp/ExclusionAmt06169
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06169
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0427457
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0488446
IRS990/IRPDocumentCnt074
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt051350
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0538909
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0551423
IRS990/LandBldgEquipCostOrOtherBssAmt0602773
IRS990/LegalDomicileStateCd0PA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0419932
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/NetAssetsOrFundBalancesBOYAmt01131493
IRS990/NetAssetsOrFundBalancesEOYAmt01110947
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt05621
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt05621
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt01472
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01472
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt042551
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01093143
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01102947
IRS990/NoncashContributionsAmt01288
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0439
IRS990/OccupancyGrp/ManagementAndGeneralAmt013776
IRS990/OccupancyGrp/ProgramServicesAmt0234965
IRS990/OccupancyGrp/TotalAmt0249180
IRS990/OfficeExpensesGrp/FundraisingAmt0656
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt023193
IRS990/OfficeExpensesGrp/ProgramServicesAmt039817
IRS990/OfficeExpensesGrp/TotalAmt063666
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt051950
IRS990/OtherAssetsTotalGrp/EOYAmt051950
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1COMMUNITY OUTREACH PROG
IRS990/OtherExpensesGrp/Desc2MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08642
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11014
IRS990/OtherExpensesGrp/ProgramServicesAmt037046
IRS990/OtherExpensesGrp/ProgramServicesAmt114400
IRS990/OtherExpensesGrp/ProgramServicesAmt28983
IRS990/OtherExpensesGrp/ProgramServicesAmt38230
IRS990/OtherExpensesGrp/TotalAmt045688
IRS990/OtherExpensesGrp/TotalAmt114400
IRS990/OtherExpensesGrp/TotalAmt29997
IRS990/OtherExpensesGrp/TotalAmt38230
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt06964
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt036164
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0190549
IRS990/OtherSalariesAndWagesGrp/TotalAmt0233677
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01079
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04888
IRS990/PayrollTaxesGrp/ProgramServicesAmt017660
IRS990/PayrollTaxesGrp/TotalAmt023627
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt033449
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08826
IRS990/PrincipalOfficerNm0WILLIAM DANIELS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0512653
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0512653
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01586048
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt07335
IRS990/PYInvestmentIncomeAmt012772
IRS990/PYOtherExpensesAmt0805772
IRS990/PYOtherRevenueAmt0565
IRS990/PYProgramServiceRevenueAmt0590775
IRS990/PYRevenuesLessExpensesAmt01038935
IRS990/PYSalariesCompEmpBnftPaidAmt0338118
IRS990/PYTotalExpensesAmt01151225
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02190160
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-63097
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0546675
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0745
IRS990/SavingsAndTempCashInvstGrp/EOYAmt015097
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/EquipmentGrp/BookValueAmt079340
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017630
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt096970
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt032550
IRS990ScheduleD/ExpensesSubtotalAmt01334086
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0472083
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt033720
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0505803
IRS990ScheduleD/NetUnrealizedGainsInvstAmt042551
IRS990ScheduleD/OtherExpensesNotIncludedAmt032550
IRS990ScheduleD/OtherRevenuesNotIncludedAmt032550
IRS990ScheduleD/RevenueNotReportedAmt042551
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt032550
IRS990ScheduleD/RevenueSubtotalAmt01270989
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, 2021, 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 2017 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/ExplanationTxt2RECOGNIZE HEERF FUNDS PASSED TO STUDENTS 32,550.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3RECOGNIZE HEERF FUNDS PASSED TO STUDENTS 32,550.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0551423
IRS990ScheduleD/TotalExpensesPerForm990Amt01366636
IRS990ScheduleD/TotalRevenuePerForm990Amt01303539
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01313540
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01334086
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.

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,301,112
Liabilities
$190,165
Net assets
$1,110,947
Revenue
$1,303,539
Expenses
$1,366,636
Net income
-$63,097
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
2021Detailed filing. Detailed filing data is available for this year.$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
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