Civic Intelligence

Studio Arts College International Inc.

990 • Fiscal year 2013 • EIN 42-1073614

Sep 01, 2012 to Aug 31, 2013 • Filed on Mar 28, 2014

Organization ProfileWWW.SACI-FLORENCE.edu

View Organization Page

50 Broad StreetSuite 161710004
Siviq Scores

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

Liabilities / Assets

82nd percentile

0.71x

Higher debt load relative to assets than 82% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

21st percentile

-3.0%

Faster asset growth than 21% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$10,548,728

Down $327,148 (-3.0%) from 2012

Net Assets

Up

$3,058,232

Up $3,247 (+0.1%) from 2012

Liabilities

Down

$7,490,496

Down $330,395 (-4.2%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$4,970,799

Down $839,974 (-14%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2010: $12,471,325Liabilities 2010: $8,418,481Net Assets 2010: $4,052,8442010Assets 2011: $12,969,196Liabilities 2011: $9,036,339Net Assets 2011: $3,932,8572011Assets 2012: $10,875,876Liabilities 2012: $7,820,891Net Assets 2012: $3,054,9852012Assets 2013: $10,548,728Liabilities 2013: $7,490,496Net Assets 2013: $3,058,2322013Assets 2014: $10,190,890Liabilities 2014: $7,297,584Net Assets 2014: $2,893,3062014Assets 2015: $9,550,699Liabilities 2015: $6,469,841Net Assets 2015: $3,080,8582015Assets 2016: $9,421,044Liabilities 2016: $5,842,671Net Assets 2016: $3,578,3732016Assets 2018: $9,665,431Liabilities 2018: $6,007,091Net Assets 2018: $3,658,3402018Assets 2019: $9,631,232Liabilities 2019: $6,333,820Net Assets 2019: $3,297,4122019Assets 2020: $9,468,308Liabilities 2020: $6,062,200Net Assets 2020: $3,406,1082020Assets 2021: $6,621,332Liabilities 2021: $4,956,304Net Assets 2021: $1,665,0282021Assets 2022: $5,068,090Liabilities 2022: $5,238,935Net Assets 2022: -$170,8452022Assets 2023: $5,260,200Liabilities 2023: $5,940,904Net Assets 2023: -$680,7042023Assets 2024: $4,916,799Liabilities 2024: $5,794,709Net Assets 2024: -$877,9102024

Highlighted filing

2013

Assets$10,548,728
Liabilities$7,490,496
Net Assets$3,058,232
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $6,146,8092010Expenses 2011: $5,679,2262011Revenue 2012: $5,480,823Expenses 2012: $5,810,773Net Income 2012: -$329,9502012Expenses 2013: $4,970,7992013Revenue 2014: $5,038,028Expenses 2014: $5,229,517Net Income 2014: -$191,4892014Revenue 2015: $5,811,391Expenses 2015: $4,971,988Net Income 2015: $839,4032015Revenue 2016: $5,796,122Expenses 2016: $5,295,175Net Income 2016: $500,9472016Revenue 2018: $5,237,891Expenses 2018: $5,665,359Net Income 2018: -$427,4682018Revenue 2019: $6,185,351Expenses 2019: $5,954,279Net Income 2019: $231,0722019Revenue 2020: $5,493,654Expenses 2020: $5,333,136Net Income 2020: $160,5182020Revenue 2021: $529,411Expenses 2021: $2,305,553Net Income 2021: -$1,776,1422021Revenue 2022: $52,931Expenses 2022: $1,858,924Net Income 2022: -$1,805,9932022Revenue 2023: $161,404Expenses 2023: $640,270Net Income 2023: -$478,8662023Revenue 2024: $0Expenses 2024: $476,403Net Income 2024: -$476,4032024

Highlighted filing

2013

Revenue-
Expenses$4,970,799
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2012 to Aug 31, 2013
Signed
Mar 28, 2014
Return Version
2012v2.3
Gross Receipts
$4,994,250
Mission and Program Overview

Mission

See schedule o for the full mission statement of studio arts college international, inc. ("saci")

Filing and Contact Details

Filer

EIN
42-1073614
Raw XML AppendixShowing 400 of 624 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/Description0SACI is the oldest and most prestigious American art school in Florence. The institution was founded in 1975 by painter Jules Maidoff, whose goal was to offer the finest and most challenging training to the next generation of artists, art historians, and art conservators, as well as the opportunity to live out a full, first-hand immersion within Florentine culture and customs. SACI's main facilities are two beautiful historical palazzi in the center of Florence: the Palazzo dei Cartelloni, acquired in 1999, and the Palazzo Jules Maidoff for the Visual Arts, acquired in 2006. Over the course of its history, SACI has succeeded in fulfilling a large number of astonishing achievements. These are but a few amongst the many reasons the institution is so highly regarded by its students, its faculty, its alumni, and within the Florentine community itself: Since 1975, over 10,000 students have benefited from the high educational standards offered at SACI. Among its alumni are oscar-nominated film directors, artists who have exhibited in the London National Portrait Gallery and many other prestigious galleries worldwide, art conservators of the highest level, jewelry designers working on Hollywood productions, just to mention a few. SACI's Conservation Department works on many masterpieces from the Renaissance, giving students the opportunity to learn while actually restoring works by some of the greatest maestros of Italian art. Between 1996 and 2006 the Department fully restored the historical Chapel of Santa Maria degli Angiolini, which had been closed since 1966, when it was damaged by the flood. Many extraordinary artists have exhibited in the two SACI Galleries, from fashion designer Elio Fiorucci to Proust Armchair creator Alessandro Mendini, from Audrey Flack to Beverly Pepper. The SACI Artists Council includes such well known international artists as Christo, Ralph Gibson, Sting, Storm Thorgerson. David Hockney honored SACI with his participation in the institution's 2008 Painted Optics Symposium. Programs of Study - Undergraduate Academic Year/Semester Abroad, Late Spring or Summer Sessions: The extensive range of studio arts, design, conservation, art history, and Italian culture and language courses provides our students with the means to meet their individual educational needs while connecting them with the rich cultural heritage of Italy. The student body is comprised of students enrolled at US universities and at institutions in other countries. In both Fall and Spring, a student can enroll in five classes for a total of 15 credits. During these terms, students additionally have the possibility to work as apprentices with artisans, and advanced students may be eligible to take a directed independent study or traineeship in a design firm, museum, or gallery. As part of their classes, SACI students often create artwork for local hospitals and human rights organizations, and restore major art treasures that are a part of Italys cultural heritage. Outside of class, student volunteers can teach English at elementary schools, serve as English-language museum guides, and assist at human rights agencies. In addition to visiting many famous Italian cities over the course of the year, students use a museum pass provided by SACI to visit Florentine museums and historic sites. Students visit artists and designers studios, private collections, galleries, art fairs, and theaters. They have access to modern and historic art collections, research libraries, and contemporary art museums. Academic Year and Semester Abroad Program students enjoy many opportunities to exhibit their artwork in SACIs two galleries. The Academic Year Abroad culminates in a major end-of-year student exhibition which serves as an opportunity for students to display their work also to the Florentine public. Graduate Studies Programs - MFA in Studio Art, MFA in Photography, Post Bac programs in Studio Art, Conservation and Art History. SACIs community of MFA studen
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IRS990/SalariesEtcCurrentYear02196580
IRS990/SalariesEtcPriorYear02670210
IRS990/SavingsAndTempCashInvestments/BOY00
IRS990/SavingsAndTempCashInvestments/EOY00
IRS990ScheduleA/School170b1Aii0X
IRS990ScheduleB/ContributorInfo/AggregateContributions0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNumber0RESTRICTED
IRS990/ScheduleBRequired0true
IRS990ScheduleD/Buildings/BookValue08090937
IRS990ScheduleD/Buildings/Depreciation03331988
IRS990ScheduleD/Buildings/OtherCostOrOtherBasis011422925
IRS990ScheduleD/Equipment/BookValue079507
IRS990ScheduleD/Equipment/Depreciation0167976
IRS990ScheduleD/Equipment/OtherCostOrOtherBasis0247483
IRS990ScheduleD/ExpensesNotRptdOnFinStmt0293019
IRS990ScheduleD/ExpensesSubtotal04677780
IRS990ScheduleD/FederalIncomeTaxLiability00
IRS990ScheduleD/FootnoteInPartXIII0X
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0The School is exempt from Federal income taxes as it is a chartiable organization under Section 501(c)(3) of the Internal Revenue Code. Additionally, the School has nonprofit status in Italy and is not subject to any Italian income taxes. The School has determined that there are no uncertain tax positions as of August 31, 2013 or 2012 and there were no income tax related penalties or interest for the periods reported in these financial statements. There are no open tax years prior to August 31, 2010.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1The Organization has operations in Italy and as a result there are assets and liabilities that must be translated from Euro to US dollar for financial statement purposes. At as result there is a translation gain or loss that is recognized each year. There was a translation gain of $180,628 recorded at August 31, 2013, due to the Euro rate in effect at that time that is shown as an other adjustment.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation2The scholarships paid of $109,300 are shown as an adjustment to revenue on the financial statements in accordance with US GAAP. They have been recorded as expenses in the Statement of functional expenses for the Form 990.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation3The translation gain of $(180,628) that results from the conversion of assets and liabilities held in Euro for the current year financial statement presentation is included as a negative expense in the financial statements. This is not shown as either income or expense for the Form 990 but is included as an other adjustment as noted above. Additionally, Scholarships of $109,300 are shown as expenses for the Form 990 Statement of functional expenses but were included as a reduction of revenue in the financial statements as noted above. The total adjustment on form 990 is $289,928 for both of these items.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0FIN 48
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier1Reconciliation
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier2Revenue adjustments
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier3Expense adjustments
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0Schedule D, Part X, Line 2
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference1Schedule D, Part XII, line 4b - Other adjustments
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference2Schedule D, Page 4, Line 4b, Other revenue adjustments
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference3Schedule D, Page 4, Line 4B, Other expense adjustments
IRS990ScheduleD/InvestmentExpensesNotIncluded03091
IRS990ScheduleD/InvestmentExpensesNotIncluded203091
IRS990ScheduleD/NetUnrealizedGainsInvestments025111
IRS990ScheduleD/OtherExpensesNotIncluded0289928
IRS990ScheduleD/OtherLandBuildings/BookValue01280236
IRS990ScheduleD/OtherLandBuildings/Depreciation02358303
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis03638539
IRS990ScheduleD/OtherLiabilities/Amount054500
IRS990ScheduleD/OtherLiabilities/Amount1528760
IRS990ScheduleD/OtherLiabilities/Amount2799013
IRS990ScheduleD/OtherLiabilities/Description0DAMAGE DEPOSITS PAYABLE
IRS990ScheduleD/OtherLiabilities/Description1REALTY TRANSFER TAX PAYABLE
IRS990ScheduleD/OtherLiabilities/Description2SEVERANCE PAYABLE
IRS990ScheduleD/OtherRevenuesNotIncluded0109300
IRS990ScheduleD/RevenueNotRptdF990025111

Document Assets

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$10,548,728
Liabilities
$7,490,496
Net assets
$3,058,232
Revenue
-
Expenses
$4,970,799
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.92$5.79$0.88$0.00$0.48$0.48
2023Detailed filing. Detailed filing data is available for this year.$5.26$5.94$0.68$0.16$0.64$0.48
2022Detailed filing. Detailed filing data is available for this year.$5.07$5.24$0.17$0.05$1.86$1.81
2021Detailed filing. Detailed filing data is available for this year.$6.62$4.96$1.67$0.53$2.31$1.78
2020Detailed filing. Detailed filing data is available for this year.$9.47$6.06$3.41$5.49$5.33$0.16
2019Detailed filing. Detailed filing data is available for this year.$9.63$6.33$3.30$6.19$5.95$0.23
2018Detailed filing. Detailed filing data is available for this year.$9.67$6.01$3.66$5.24$5.67$0.43
2016Summary only. Only limited summary data is available for this year.$9.42$5.84$3.58$5.80$5.30$0.50
2015Detailed filing. Detailed filing data is available for this year.$9.55$6.47$3.08$5.81$4.97$0.84
2014Detailed filing. Detailed filing data is available for this year.$10.2$7.30$2.89$5.04$5.23$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.5$7.49$3.06$4.97
2012Summary only. Only limited summary data is available for this year.$10.9$7.82$3.05$5.48$5.81$0.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.0$9.04$3.93$5.68
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.5$8.42$4.05$6.15
Peer Organizations

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