Liabilities / Assets
86th percentile
Higher debt load relative to assets than 86% of similar nonprofits.
Spoleto Study Abroad
990 • Fiscal year 2021 • EIN 31-1539757
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.58x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
100th percentile
Higher net margin than 100% of similar nonprofits.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
15th percentile
Faster asset growth than 15% of similar nonprofits.
Revenue Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
Balance Sheet
Assets
Down$1,860,795
Down $75,123 (-3.9%) from 2020
Net Assets
Down$784,895
Down $89,266 (-10%) from 2020
Liabilities
Up$1,075,900
Up $14,143 (+1.3%) from 2020
Revenue And Expenses
Revenue
Down-$19,015
Down $142,893 (-115%) from 2020
Expenses
Down$96,172
Down $88,676 (-48%) from 2020
Net Income
Down-$115,187
Down $54,217 (-89%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2020 to Jun 30, 2021
- Signed
- May 5, 2022
- Return Version
- 2020v4.2
- Gross Receipts
- $113,210
Mission and Program Overview
Mission
Spoleto study abroad is a collaborative community of artists and scholars gathered to explore in depth the rich cultural heritage of central italy while fostering individual artistic, intellectual and personal growth.
Provide student summer study program and educator enrichment opportunities through exposure to the historical, architectural and cultural riches of the arts and humanities in italy.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Rtn Earn Endowment Incm Other Fnds | $874,161 | $784,895 | ▼ $89,266 |
| Savings and Temporary Cash Investments | $428,606 | $432,822 | ▲ $4,216 |
| Other Notes and Loans Receivable, Net | $237,550 | $238,743 | ▲ $1,193 |
| Cash and Non-Interest-Bearing Accounts | $128,082 | $182,617 | ▲ $54,535 |
| Accounts Receivable | $104,963 | $0 | ▼ $104,963 |
| Investments in Publicly Traded Securities | $66,630 | $93,791 | ▲ $27,161 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $1,935,918 | $1,860,795 | ▼ $75,123 |
| Other Assets Total | $970,087 | $912,822 | ▼ $57,265 |
| Liabilities | |||
| Other Liabilities | $756,146 | $750,000 | ▼ $6,146 |
| Mortgage Notes Payable Secured by Investment Property | $300,900 | $250,900 | ▼ $50,000 |
| Deferred Revenue | - | $75,000 | - |
| Accounts Payable and Accrued Expenses | $4,711 | $0 | ▼ $4,711 |
| Total Liabilities | $1,061,757 | $1,075,900 | ▲ $14,143 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $874,161 | $784,895 | ▼ $89,266 |
| Total Liabilities and Net Assets / Fund Balance | $1,935,918 | $1,860,795 | ▼ $75,123 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Assets Org | $912,822 | - | - |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Anthony Sgro | Board President |
| Lorenzo Muti | President |
| Jill Muti | Vice President |
| Jill Muti | Co-program Manager/director |
| Lorenzo Muti | Co-program Manager/director |
| Anna White Hosea | Director |
| Anne Weston | Director |
| Brian Baker | Director |
| Cynthia Landvater | Director |
| Doreen Kelly | Director |
| Jonathan D Cohen | Director |
| Joyce Pope | Director |
| Judith Yarbrough | Director |
| Karen Phillips | Director |
| Kevin Macneil | Director |
| Sarah Sprinkle | Director |
| Talmadge Mangum | Director |
| Thomas Morris | Director |
| Jill Muti | Secretary |
| Lorenzo Muti | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $35,330
- Program Service Revenue
- $475
- Investment Income
- $1,444
- Other Revenue
- $-56,264
- All Other Contributions
- $35,330
- Change in Net Assets
- $-115,187
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $96,172 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Other | - | $60,693 | - | $60,693 |
| Office Expenses | - | $5,793 | - | $5,793 |
| Travel | - | $4,212 | - | $4,212 |
| Insurance | $2,500 | - | - | $2,500 |
| Interest | - | $1,724 | - | $1,724 |
| Advertising | - | $1,298 | - | $1,298 |
| Other Expenses | $934 | $2,790 | - | $934 |
| Total Functional Expenses | $3,434 | $92,738 | $0 | $96,172 |
International Activity
International Summary
- Offices
- 0
- Employees
- 0
- Spending
- $1,168,000
International Compliance
- Activity in boycott countries
- No
- Foreign corporation ownership
- No
- Foreign partnership interest
- No
- Interest in foreign trust
- No
- Passive foreign investment company interest
- No
- Transfers to foreign corporations
- No
International Activities
| Region | Activity | Services | Offices | Employees | Spending |
|---|---|---|---|---|---|
| Europe | Unrelated Business | Commercial Rental | 0 | 0 | $1,041,000 |
| Europe | Unrelated Business | Commercial Rental | 0 | 0 | $127,000 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Deferred Rent | $750,000 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Backup withholding compliance
- 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
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- Yes
- 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
“Family or business relationship: co-program managers/directors lorenzo muti and jill muti are married.”
Form 990, Part VI, Section B, Line 11B
“Form 990 review process: the business manager works with the accountant to prepare form 990. The draft is reviewed by two members of the governing body before the final copy is approved.”
Form 990, Part VI, Section B, Line 12C
“Monitoring conflicts of interest: each director, before taking his position, is required to disclose in writing to the chairman a list of all businesses or other organizations of which he is an officer, director, shareholder, member, owner or employee, or for which he acts as an agent and with which the corporation has or might reasonably in the future enter into a relationship or a transaction in which the director would have conflicting interests. Any director may raise an issue as to whether or not another director has a conflict of interest with respect to any matter coming before the board, or if any matter should come before the board or any of its committees in such a way to give rise to a conflict of interest, the affected director shall make known to the board the potential conflict and shall answer any questions that might be asked. The board shall determine whether or not a conflict exists. If the board determines that a conflict does exist, the affected director shall be excluded from voting.”
Form 990, Part VI, Section B, Line 15A
“Process for determining compensation: compensation for the organization's co-director is determined by the board of trustees and voted on annually.”
Form 990, Part VI, Section C, Line 19
“Making documents available to the public: the organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”
Filing and Contact Details
Filer
- Filer Name
- Spoleto Study Abroad
- EIN
- 31-1539757
- Phone
- 8436960937
- Address
- 10600 BROWNSBURG PLACE, RALEIGH, NC 27613
Signing Officer
- Name
- Jill Muti
- Title
- Vice President
- Phone
- 8436960937
- Signed
- 2022-05-05
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Lorenzo Muti
- Formed
- 1997
- Legal Domicile
- Nc
- Voting Board Members
- 16
- Independent Board Members
- 14
- Employees
- 0
- Volunteers
- 0
Preparer
- Firm
- Batchelor Tillery & Roberts Llp
- Address
- 3605 GLENWOOD AVENUE SUITE 350, RALEIGH, NC 27612
- Preparer
- Keith a Wasserman
- Phone
- 9197878212
Supplemental Narrative
Additional Explanations
Form 990, Part III, Line 3
“The organization ceased conducting its study abroad program for secondary students in arts and humanities, enrichment programs and tours for adults, and chamber music program due to covid-19. These programs will resume in june 2022.”
Form 990, Part IX, Line 11G
“Professional services: program service expenses 0. Management and general expenses 60,693. Fundraising expenses 0. Total expenses 60,693.”
Raw XML AppendixShowing 400 of 516 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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|---|---|---|
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| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | PROVIDE STUDENT SUMMER STUDY PROGRAM AND EDUCATOR ENRICHMENT OPPORTUNITIES THROUGH EXPOSURE TO THE HISTORICAL, ARCHITECTURAL AND CULTURAL RICHES OF THE ARTS AND HUMANITIES IN ITALY. |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 1298 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 1298 |
| IRS990/AllOtherContributionsAmt | 0 | 35330 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
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| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8436960937 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 10600 BROWNSBURG PLACE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | RALEIGH |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 27613 |
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| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 182617 |
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| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 35330 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 1444 |
| IRS990/CYOtherExpensesAmt | 0 | 96172 |
| IRS990/CYOtherRevenueAmt | 0 | -56264 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 475 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -115187 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 96172 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | -19015 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 75000 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | STUDY ABROAD PROGRAM FOR SECONDARY STUDENTS IN ARTS AND HUMANITIES. PROVIDED ADVANCED STUDY AND PERFORMANCE OPPORTUNITIES FOR VOCAL AND INSTRUMENTAL MUSIC, VISUAL ART, CREATIVE WRITING, PHOTOGRAPHY AND SCREENWRITING. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 3434 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 60693 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 60693 |
| IRS990/ForeignActivitiesInd | 0 | 1 |
| IRS990/ForeignCountryCd | 0 | IT |
| IRS990/ForeignFinancialAccountInd | 0 | 1 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form1098CFiledInd | 0 | 0 |
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| IRS990/Form8899Filedind | 0 | 0 |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | DOREEN KELLY |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | SARAH SPRINKLE |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 17 | LORENZO MUTI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 18 | LORENZO MUTI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 19 | JILL MUTI |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE PRESIDENT |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 17 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 18 | CO-PROGRAM MANAGER/DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 19 | CO-PROGRAM MANAGER/DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 0 |
| IRS990/Form990TFiledInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1997 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 16 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 4887 |
| IRS990/GrossReceiptsAmt | 0 | 113210 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 70074 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 14 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 2500 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 2500 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 1724 |
| IRS990/InterestGrp/TotalAmt | 0 | 1724 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 1444 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 1444 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 66630 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 93791 |
| IRS990/IRPDocumentCnt | 0 | 2 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | NC |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 4887 |
| IRS990/LessRentalExpensesGrp/RealAmt | 0 | 127338 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | SPOLETO STUDY ABROAD IS A COLLABORATIVE COMMUNITY OF ARTISTS AND SCHOLARS GATHERED TO EXPLORE IN DEPTH THE RICH CULTURAL HERITAGE OF CENTRAL ITALY WHILE FOSTERING INDIVIDUAL ARTISTIC, INTELLECTUAL AND PERSONAL GROWTH. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 300900 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 250900 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 874161 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 784895 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | -57264 |
| IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt | 0 | -57264 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 25921 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NoncashContributionsAmt | 0 | 4887 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 5793 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 5793 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 970087 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 912822 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | BAD DEBT EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 1 | DUES AND SUBSCRIPTIONS |
| IRS990/OtherExpensesGrp/Desc | 2 | PERFORMANCE EXPENSES |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 16228 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 2790 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 934 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 16228 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 2790 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 934 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 756146 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 750000 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | OTHER INCOME |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 1000 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 1000 |
| IRS990/OtherRevenueTotalAmt | 0 | 1000 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 237550 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 238743 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | LORENZO MUTI |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | SUMMER STUDY |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 475 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 475 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 28847 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 2280 |
| IRS990/PYOtherExpensesAmt | 0 | 184848 |
| IRS990/PYOtherRevenueAmt | 0 | 26891 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 65860 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -60970 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 184848 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 123878 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -115187 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | -57264 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 475 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 874161 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 784895 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 428606 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 432822 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 912822 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | INVESTMENT IN PALAZZO LETI SRL |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 750000 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DEFERRED RENT |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 912822 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 750000 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | 1 |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | 0 |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | 0 |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | 0 |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | 1 |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | 1 |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | 1 |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | 1 |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | 0 |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | SEE SUPPLEMENTAL PAGE |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 1 | SOLICIATION OF STUDENTS IS THROUGH BROCHURES, INTERNET WEBSITE AND PERSONAL CONTACT. ALL BROCHURES AND WEBSITES CONTAIN THE RACIALLY NONDISCRIMINATORY POLICY. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE E, PART I, LINE 3 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART I, LINE 3 |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt | 0 | 0 |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt | 1 | 0 |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt | 0 | 0 |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt | 1 | 0 |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt | 0 | 127000 |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt | 1 | 1041000 |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt | 0 | EUROPE |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt | 1 | EUROPE |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt | 0 | COMMERCIAL RENTAL |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt | 1 | COMMERCIAL RENTAL |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt | 0 | UNRELATED BUSINESS |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt | 1 | UNRELATED BUSINESS |
| IRS990ScheduleF/BoycottCountriesInd | 0 | 0 |
| IRS990ScheduleF/ContinuationSpentAmt | 0 | 0 |
| IRS990ScheduleF/ContinuationTotalEmployeeCnt | 0 | 0 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $1,860,795
- Liabilities
- $1,075,900
- Net assets
- $784,895
- Revenue
- -$19,015
- Expenses
- $96,172
- Net income
- -$115,187