Civic Intelligence

Art Academy Housing Inc

EIN 20-5149610 • 501(c)3 • Cincinnati, OH

Profile

To provide housing for students attending the art academy of cincinnati

1212 Jackson StreetCincinnati, OH 45202

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

63rd percentile

0.07x

Higher debt load relative to assets than 63% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

52nd percentile

0.02x

Higher debt load relative to revenue than 52% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

49th percentile

4.1%

Higher net margin than 49% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

47th percentile

2.3%

Faster asset growth than 47% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

59th percentile

13%

Faster revenue growth than 59% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Down

$0

Down $191,229 (-100%) from 2022

Liabilities

Down

$0

Down $13,300 (-100%) from 2022

Net Assets

Down

$0

Down $177,929 (-100%) from 2022

Operations
Liabilities / Revenue52nd percentileNet Margin49th percentile

Revenue

Up

$783,473

Up $160,892 (+26%) from 2022

Expenses

Up

$795,584

Up $198,558 (+33%) from 2022

Net Income

Down

-$12,111

Down $37,666 (-147%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth47th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $678,280Liabilities 2011: $681,981Net Assets 2011: -$3,7012011Assets 2012: $919,295Liabilities 2012: $901,400Net Assets 2012: $17,8952012Assets 2013: $1,089,622Liabilities 2013: $1,115,279Net Assets 2013: -$25,6572013Assets 2014: $1,321,535Liabilities 2014: $1,322,327Net Assets 2014: -$7922014Assets 2015: $1,533,762Liabilities 2015: $1,534,449Net Assets 2015: -$6872015Assets 2016: $1,757,210Liabilities 2016: $1,711,686Net Assets 2016: $45,5242016Assets 2017: $2,014,041Liabilities 2017: $1,961,727Net Assets 2017: $52,3142017Assets 2018: $57,966Liabilities 2018: $82,381Net Assets 2018: -$24,4152018Assets 2019: $60,366Liabilities 2019: $88,313Net Assets 2019: -$27,9472019Assets 2020: $120,587Liabilities 2020: $43,550Net Assets 2020: $77,0372020Assets 2021: $186,974Liabilities 2021: $34,600Net Assets 2021: $152,3742021Assets 2022: $191,229Liabilities 2022: $13,300Net Assets 2022: $177,9292022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0
Open 2023 Filing

Operations Trend

Revenue Growth59th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $161,133Expenses 2011: $147,018Net Income 2011: $14,1152011Expenses 2012: $202,9562012Expenses 2013: $217,2432013Revenue 2014: $229,495Expenses 2014: $204,630Net Income 2014: $24,8652014Revenue 2015: $201,453Expenses 2015: $201,348Net Income 2015: $1052015Revenue 2016: $252,202Expenses 2016: $205,991Net Income 2016: $46,2112016Revenue 2017: $225,548Expenses 2017: $218,758Net Income 2017: $6,7902017Revenue 2018: $140,578Expenses 2018: $217,307Net Income 2018: -$76,7292018Revenue 2019: $278,616Expenses 2019: $282,148Net Income 2019: -$3,5322019Revenue 2020: $391,693Expenses 2020: $286,709Net Income 2020: $104,9842020Revenue 2021: $553,161Expenses 2021: $477,824Net Income 2021: $75,3372021Revenue 2022: $622,581Expenses 2022: $597,026Net Income 2022: $25,5552022Revenue 2023: $783,473Expenses 2023: $795,584Net Income 2023: -$12,1112023

Highlighted filing

2023

Revenue$783,473
Expenses$795,584
Net Income-$12,111
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$783,473
Expenses
$795,584
Net income
-$12,111
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.78$0.80$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.19$0.01$0.18$0.62$0.60$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.19$0.03$0.15$0.55$0.48$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.12$0.04$0.08$0.39$0.29$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.06$0.09$0.03$0.28$0.28$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.06$0.08$0.02$0.14$0.22$0.08
2017Detailed filing. Detailed filing data is available for this year.$2.01$1.96$0.05$0.23$0.22$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.76$1.71$0.05$0.25$0.21$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.53$1.53$0.00$0.20$0.20$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.32$1.32$0.00$0.23$0.20$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$1.12$0.03$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.90$0.02$0.20
2011Summary only. Only limited summary data is available for this year.$0.68$0.68$0.00$0.16$0.15$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2022 to May 31, 2023
Signed
Dec 1, 2023
Return Version
2022v5.0
Gross Receipts
$783,473
Mission and Program Overview

Mission

To provide housing for students attending the art academy of cincinnati

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$56,736$0▼ $56,736
Cash and Non-Interest-Bearing Accounts-$0-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$191,229$0▼ $191,229
Other Assets Total$134,493$0▼ $134,493
Liabilities
Other Liabilities$13,300$0▼ $13,300
Total Liabilities$13,300$0▼ $13,300
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$177,929$0▼ $177,929
Total Net Assets Fund Balance$177,929$0▼ $177,929
Total Liabilities and Net Assets / Fund Balance$191,229$0▼ $191,229
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeOtherTotal
Paige WilliamsVice PresidentPT$108,719$108,719

Board Members and Trustees

NameTitle
Joe GirandolaPresident
Mark GroteTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$783,473
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-12,111
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$795,584
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$681,545--$681,545
Depreciation Depletion$16,622--$16,622
Other Expenses$1,295--$1,295
Total Functional Expenses$795,584$0$0$795,584
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

“The board of directors voted to liquidate the organization liquidated on 5/16/2023 and transferred all assets, liabilities, and operations to its parent organiztion art academy of cincinnati, a 501(c)(3) public charity.”

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

“The form 990 is reviewed by staff for accuracy then forwarded to the members of the finance committee for examination. It is sent to the finance committee and the board via electronic format or mailed through the postal system prior to filing”

Form 990, Part VI, Section C, Line 19

“These documents are provided to the general public upon request”

Filing and Contact Details

Filer

Filer Name
Art Academy Housing Inc
EIN
20-5149610
Phone
5135628752
Address
1212 JACKSON STREET, CINCINNATI, OH 45202

Signing Officer

Name
Joe Girandola
Title
President
Phone
5135628752
Signed
2023-12-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Girandola
Formed
2006
Legal Domicile
Oh
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
1

Preparer

Firm
Vonlehman & Company Inc
Address
810 WRIGHTS SUMMIT PARKWAY SUITE, 300, FORT WRIGHT, KY 41011
Preparer
Kerri L Richardson
Phone
8593313300
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“The board of directors voted to liquidate the organization liquidated on 5/16/2023 and transferred all assets, liabilities, and operations to its parent organiztion art academy of cincinnati, a 501(c)(3) public charity.”

FORM 990, PART XI, LINE 9:

“Liquidating distribution to parent organization, a 501(c)(3) public charity -165,818.”

FORM 990, PART XII, LINE 2C:

“The oversight process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The art academy of cincinnati and art academy housing, inc. Are nonprofit organizations as described in section 501(c)(3) of the internal revenue code and are exempt from federal and state income taxes on related income pursuant to the internal revenue code. The academy and affiliate have adopted the provisions of the accounting pronouncement related to accounting for uncertainty in income taxes. The academy recognized no interest or penalties in the consolidated statements of activities for either of the years ended may 31, 2023 and 2022. If the situation arose in which the academy would have interest to recognize, it would recognize this as interest expense and penalties would be recognized in other expenses. Currently, the prior three years are open under federal and state statutes of limitations and remain subject to review and change. The academy is not currently under audit nor has the academy been contacted by these jurisdictions. Based on the evaluation of the academy's tax positions, management believes all positions taken would be upheld under an examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for either of the years ended may 31, 2023 or 2022.”

Raw XML AppendixShowing 400 of 438 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/AuditCommitteeInd01
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IRS990/BooksInCareOfDetail/PhoneNum05135268745
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01212 JACKSON STREET
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IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ART ACADEMY OF CINCINNATI AND ART ACADEMY HOUSING, INC. ARE NONPROFIT ORGANIZATIONS AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME PURSUANT TO THE INTERNAL REVENUE CODE. THE ACADEMY AND AFFILIATE HAVE ADOPTED THE PROVISIONS OF THE ACCOUNTING PRONOUNCEMENT RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ACADEMY RECOGNIZED NO INTEREST OR PENALTIES IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES FOR EITHER OF THE YEARS ENDED MAY 31, 2023 AND 2022. IF THE SITUATION AROSE IN WHICH THE ACADEMY WOULD HAVE INTEREST TO RECOGNIZE, IT WOULD RECOGNIZE THIS AS INTEREST EXPENSE AND PENALTIES WOULD BE RECOGNIZED IN OTHER EXPENSES. CURRENTLY, THE PRIOR THREE YEARS ARE OPEN UNDER FEDERAL AND STATE STATUTES OF LIMITATIONS AND REMAIN SUBJECT TO REVIEW AND CHANGE. THE ACADEMY IS NOT CURRENTLY UNDER AUDIT NOR HAS THE ACADEMY BEEN CONTACTED BY THESE JURISDICTIONS. BASED ON THE EVALUATION OF THE ACADEMY'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR EITHER OF THE YEARS ENDED MAY 31, 2023 OR 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt035000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0185400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOE GIRANDOLA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0220400
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0COMPENSATION PAID BY RELATED ORGANIZATION IS BASED ON COMPENSATION FOR SIMILAR POSITIONS ON FORM 990'S OF OTHER SIMILAR ORGANIZATIONS AND IS APPROVED BY THE BOARD AND COMPENSATION COMMITTEE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0FURNITURE, FIXTURE AND EQUIPMENT, NET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1OTHER ASSETS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2SECURITY DEPOSITS, NET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0ART ACADEMY OF CINCINNATI
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt1ART ACADEMY OF CINCINNATI
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt2ART ACADEMY OF CINCINNATI
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02023-05-16
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12023-05-16
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt22023-05-16
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0311601569
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN1311601569
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN2311601569
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt040114
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt196528
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt229176
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt2501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0NET BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1BOOK
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt2BOOK
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt01212 JACKSON STREET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt11212 JACKSON STREET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt21212 JACKSON STREET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0CINCINNATI
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1CINCINNATI
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm2CINCINNATI
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0OH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1OH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd2OH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd045202
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd145202
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd245202
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS VOTED TO LIQUIDATE THE ORGANIZATION LIQUIDATED ON 5/16/2023 AND TRANSFERRED ALL ASSETS, LIABILITIES, AND OPERATIONS TO ITS PARENT ORGANIZTION ART ACADEMY OF CINCINNATI, A 501(C)(3) PUBLIC CHARITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS VOTED TO LIQUIDATE THE ORGANIZATION LIQUIDATED ON 5/16/2023 AND TRANSFERRED ALL ASSETS, LIABILITIES, AND OPERATIONS TO ITS PARENT ORGANIZTION ART ACADEMY OF CINCINNATI, A 501(C)(3) PUBLIC CHARITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY STAFF FOR ACCURACY THEN FORWARDED TO THE MEMBERS OF THE FINANCE COMMITTEE FOR EXAMINATION. IT IS SENT TO THE FINANCE COMMITTEE AND THE BOARD VIA ELECTRONIC FORMAT OR MAILED THROUGH THE POSTAL SYSTEM PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THESE DOCUMENTS ARE PROVIDED TO THE GENERAL PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LIQUIDATING DISTRIBUTION TO PARENT ORGANIZATION, A 501(C)(3) PUBLIC CHARITY -165,818.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ART ACADEMY OF CINCINNATI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0311601569
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO OPERATE A FINE ARTS EDUCATION FACILITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01212 JACKSON STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CINCINNATI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0452027106
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt0191229
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt0191229
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0795584
IRS990/TotalFunctionalExpensesGrp/TotalAmt0795584
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013300
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt013300
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0177929
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt03480
IRS990/TotalProgramServiceExpensesAmt0795584
IRS990/TotalProgramServiceRevenueAmt0783473
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0783473
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0783473
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0191229
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt0325639
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01212 JACKSON STREET
IRS990/USAddress/CityNm0CINCINNATI
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd045202
IRS990/VotingMembersGoverningBodyCnt03

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