Civic Intelligence

Barbieri Center Inc

990 • Fiscal year 2018 • EIN 51-0180636

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

Via Raimondo Da Capua 20Rome 00153It

(860) 297-4210

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.00x

Higher debt load relative to assets than 92% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

55th percentile

0.12x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

87th percentile

37%

Higher net margin than 87% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

99th percentile

$732,658

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 25.3% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

83rd percentile

22%

Faster asset growth than 83% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

31st percentile

-3.5%

Faster revenue growth than 31% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$350,613

Up $63,513 (+22%) from 2017

Net Assets

Flat

$1,000

Flat from 2017

Liabilities

Up

$349,613

Up $63,513 (+22%) from 2017

Revenue

Down

$2,893,889

Down $106,511 (-3.5%) from 2017

Expenses

Down

$1,826,962

Down $117,730 (-6.1%) from 2017

Net Income

Up

$1,066,927

Up $11,219 (+1.1%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $531,666Liabilities 2011: $530,666Net Assets 2011: $1,0002011Assets 2012: $487,378Liabilities 2012: $486,378Net Assets 2012: $1,0002012Assets 2013: $498,720Liabilities 2013: $497,720Net Assets 2013: $1,0002013Assets 2014: $492,941Liabilities 2014: $491,941Net Assets 2014: $1,0002014Assets 2015: $437,532Liabilities 2015: $436,532Net Assets 2015: $1,0002015Assets 2016: $457,014Liabilities 2016: $456,014Net Assets 2016: $1,0002016Assets 2017: $287,100Liabilities 2017: $286,100Net Assets 2017: $1,0002017Assets 2018: $350,613Liabilities 2018: $349,613Net Assets 2018: $1,0002018Assets 2019: $321,028Liabilities 2019: $320,028Net Assets 2019: $1,0002019Assets 2020: $226,850Liabilities 2020: $225,850Net Assets 2020: $1,0002020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2018

Assets$350,613
Liabilities$349,613
Net Assets$1,000

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $2,938,024Expenses 2011: $2,240,955Net Income 2011: $697,0692011Revenue 2012: $2,709,034Expenses 2012: $2,154,054Net Income 2012: $554,9802012Revenue 2013: $3,050,008Expenses 2013: $2,305,017Net Income 2013: $744,9912013Revenue 2014: $3,051,630Expenses 2014: $2,502,005Net Income 2014: $549,6252014Revenue 2015: $2,369,260Expenses 2015: $1,984,738Net Income 2015: $384,5222015Revenue 2016: $2,818,410Expenses 2016: $1,798,215Net Income 2016: $1,020,1952016Revenue 2017: $3,000,400Expenses 2017: $1,944,692Net Income 2017: $1,055,7082017Revenue 2018: $2,893,889Expenses 2018: $1,826,962Net Income 2018: $1,066,9272018Revenue 2019: $3,297,021Expenses 2019: $2,138,068Net Income 2019: $1,158,9532019Revenue 2020: $1,996,774Expenses 2020: $1,639,497Net Income 2020: $357,2772020Revenue 2021: $0Expenses 2021: $463,052Net Income 2021: -$463,0522021

Highlighted filing

2018

Revenue$2,893,889
Expenses$1,826,962
Net Income$1,066,927
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$2,893,889
Mission and Program Overview

Mission

Education (see schedule o)

Education at the collegiate level in Rome, Italy

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$109,884$173,547▲ $63,663
Cash and Non-Interest-Bearing Accounts$175,239$172,455▼ $2,784
Prepaid Expenses and Deferred Charges$1,977$4,611▲ $2,634
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$287,100$350,613▲ $63,513
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$286,100$349,613▲ $63,513
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$286,100$349,613▲ $63,513
Net Assets / Fund Balance
Unrestricted Net Assets$1,000$1,000→ $0
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$1,000$1,000→ $0
Total Liabilities and Net Assets / Fund Balance$287,100$350,613▲ $63,513
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elena FossaInt Director Rome CampusFT$100,583$38,221$138,804
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,893,889
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$1,066,927
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,390,792
Salaries, Compensation, and Employee Benefits$436,170
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$84,615$132,158-$216,773
Current Officers, Directors, Trustees, and Key Employees$116,595$22,209-$138,804
Travel$90,846$17,304-$108,150
Other Employee Benefits$30,151$50,220-$80,371
Other Expenses$66,018$1,286-$66,018
Fees for Services Accounting$55,437$10,560-$65,997
Office Expenses$47,151$8,981-$56,132
All Other Expenses$15,290$2,912-$18,202
Insurance$12,277$2,338-$14,615
Fees for Services Other$11,215$817-$12,032
Information Technology$6,797$1,295-$8,092
Fees for Services Legal$5,740$1,093-$6,833
Payroll Taxes$222--$222
Conferences and Meetings$150--$150
Total Functional Expenses$1,575,789$251,173$0$1,826,962
International Activity

International Summary

Offices
1
Employees
20
Spending
$1,826,962

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

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland and Greenland)Program Servicesstudy abroad120$1,826,962
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
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

Part VI, Section A, Line 6

Trinity College is the sole member of the organization.

Part VI, Section B, Item 11A

The Barbieri Center prepares the return for review by an outside paid preparer and senior management of Trinity College. The return is signed by the Trinity College AVP Finance and the paid preparer.

Part VI, Section B, Items 12-14

With the exception of the program director, officers and trustees of the Barbieri Center are also officers and trustees of Trinity College. These individuals are subject to the conflict of interest, whistleblower, and document retention and destruction policies adopted by Trinity College.

Part VI, Section B, Item 15A

The Barbieri Center is a wholly owned subsidiary of Trinity College in Hartford, CT, described within Section 501(c)(3) of the Internal Revenue code. The President and VP for Finance are compensated by Trinity College. Their compensation is reviewed and approved by the compensation committee of Trinity College.

Part VI, Section B, Item 19

Governing documents, conflict of interest policy and financial statements are posted on the College's Accounting Services website.

Filing and Contact Details

Filer

Filer Name
Barbieri Center
EIN
51-0180636
In Care Of
% GUY DRAPEAU ACCT SERVICES
Phone
8602974210
Address
IT

Signing Officer

Name
Guy Drapeau
Title
AVP Finance
Phone
8602974210
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elena Fossa
Formed
1975
Legal Domicile
Ct
Voting Board Members
34
Independent Board Members
33
Employees
0
Volunteers
0

Preparer

Firm
PricewaterhouseCoopers LLP
Address
101 SEAPORT BLVD, BOSTON, MA 02210
Preparer
Erin Couture
Phone
6175305000
Supplemental Narrative

Additional Explanations

Part I, Line 19

The Barbieri Center is a wholly owned subsidiary of Trinity College, Hartford, CT, an organization described in Section 501(c)(3) of the Internal Revenue Code. Trinity College is the sole member of the Barbieri Center. While the organization is operated as a separate and independent entity, any operating excesses or deficits are absorbed by Trinity College. For the period July 1, 2017 - June 30, 2018, the surplus of $1,066,927 was absorbed by Trinity College.

Part III, Item 1 and 4A

The Barbieri Center provides educational opportunities in Italy to students at the college level. A variety of art, history, literature, architectural, political, science, studio arts and language courses in a semester long program of study are offered to students from accredited colleges and universities. Students stay in dormitory style facilities rented by the Barbieri Center,Inc for a four month period in either fall or spring semesters or for a six week period during the summer. Classes meet on the premises or at other sites throughout the city. During their stay, students participate in special events and excursions in Italy. Such activities are related to, or sponsored by, their courses. Students also have opportunities to use weekend and non-class time for individual travel. Most disbursements in furtherance of the institution's exempt program are made directly for salary and similar expenses incurred directly in the conduct of the activities constituting the exempt purpose or function for which the institution is organized and operated. Otherwise, disbursements in furtherance of the institution's exempt program are made in accordance with the procedures or subject to conditions established by the institution's governing board designed to ensure that individuals and organizations receiving disbursements from the organization in furtherance of its exempt program are adequately investigated to determine that they are qualifying recipients. During the 2017-2018 fiscal year, 83 students selected classes from 49 courses of instruction offered in the fall and spring semesters and were taught by qualified residents of Italy or by faculty from the Center's parent organization, Trinity College, located in Hartford, CT, who were on loan. Five courses were offered during summer session and 23 students were enrolled. Comprehensive fees paid by students were used for payments to teaching and administrative staff as well as room, board, excursions, instructional materials and insurance. Some books were sold separately, personal expenses are the responsibility of the students.

Part XI, Line 9

The Barbieri Center is a wholly owned subsidiary of Trinity College, Hartford, CT, an organization described in Section 501(c)(3) of the Internal Revenue code. Trinity College is the sole member of the Barbieri Center. Trinity College transferred $64,938 to Barbieri Center for student educational programs. While the organization is operated as a separate and independent entity, any operating excess or deficits are absorbed by Trinity College. For the period July 1, 2017 - June 30, 2018, the surplus of $1,066,927 was absorbed by Trinity College.

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