Civic Intelligence

Intercollegiate Center for Classical Studies

990 • Fiscal year 2015 • EIN 83-0406747

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 08, 2016

Fidelis-216 Centerview Dr Ste 317Brentwood, TN 37027

(732) 815-9800

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$10,732,620

Up $507,537 (+5.0%) from 2014

Net Assets

Up

$9,878,347

Up $386,777 (+4.1%) from 2014

Liabilities

Up

$854,273

Up $120,760 (+16%) from 2014

Revenue And Expenses

Revenue

Down

$2,875,870

Down $354,617 (-11%) from 2014

Expenses

Down

$2,351,400

Down $293,124 (-11%) from 2014

Net Income

Down

$524,470

Down $61,493 (-10%) from 2014

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $6,809,936Liabilities 2011: $418,095Net Assets 2011: $6,391,8412011Assets 2012: $8,024,687Liabilities 2012: $411,640Net Assets 2012: $7,613,0472012Assets 2013: $8,698,226Liabilities 2013: $497,590Net Assets 2013: $8,200,6362013Assets 2014: $10,225,083Liabilities 2014: $733,513Net Assets 2014: $9,491,5702014Assets 2015: $10,732,620Liabilities 2015: $854,273Net Assets 2015: $9,878,3472015Assets 2016: $10,951,947Liabilities 2016: $1,363,692Net Assets 2016: $9,588,2552016Assets 2017: $11,429,711Liabilities 2017: $628,369Net Assets 2017: $10,801,3422017Assets 2018: $12,377,880Liabilities 2018: $721,991Net Assets 2018: $11,655,8892018Assets 2019: $12,571,791Liabilities 2019: $745,724Net Assets 2019: $11,826,0672019Assets 2020: $12,907,582Liabilities 2020: $1,319,192Net Assets 2020: $11,588,3902020Assets 2021: $14,265,747Liabilities 2021: $1,755,847Net Assets 2021: $12,509,9002021Assets 2022: $11,967,072Liabilities 2022: $1,530,538Net Assets 2022: $10,436,5342022Assets 2023: $13,372,126Liabilities 2023: $1,890,373Net Assets 2023: $11,481,7532023Assets 2024: $14,892,605Liabilities 2024: $1,718,538Net Assets 2024: $13,174,0672024

Highlighted filing

2015

Assets$10,732,620
Liabilities$854,273
Net Assets$9,878,347

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $2,031,6702011Expenses 2012: $2,180,9542012Expenses 2013: $2,266,8482013Revenue 2014: $3,230,487Expenses 2014: $2,644,524Net Income 2014: $585,9632014Revenue 2015: $2,875,870Expenses 2015: $2,351,400Net Income 2015: $524,4702015Revenue 2016: $2,442,382Expenses 2016: $2,347,463Net Income 2016: $94,9192016Revenue 2017: $2,886,447Expenses 2017: $2,264,643Net Income 2017: $621,8042017Revenue 2018: $3,081,910Expenses 2018: $2,694,909Net Income 2018: $387,0012018Revenue 2019: $2,923,530Expenses 2019: $2,566,442Net Income 2019: $357,0882019Revenue 2020: $2,142,422Expenses 2020: $2,352,340Net Income 2020: -$209,9182020Revenue 2021: $1,045,774Expenses 2021: $1,930,520Net Income 2021: -$884,7462021Revenue 2022: $3,220,383Expenses 2022: $2,671,493Net Income 2022: $548,8902022Revenue 2023: $3,335,237Expenses 2023: $2,578,059Net Income 2023: $757,1782023Revenue 2024: $4,166,150Expenses 2024: $2,839,358Net Income 2024: $1,326,7922024

Highlighted filing

2015

Revenue$2,875,870
Expenses$2,351,400
Net Income$524,470
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 8, 2016
Return Version
2014v6.0
Gross Receipts
$5,029,078
Mission and Program Overview

Mission

Intercollegiate center for classical studies provides undergraduate students with an opportunity to study ancient history, archaeology, greek and latin literature, italian language and renaissance and baroque italian art in rome, italy.

The organization provides undergraduate students with an opportunity to study abroad with programs in classical studies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,892,596$9,292,549▲ $399,953
Cash and Non-Interest-Bearing Accounts$77,670$636,638▲ $558,968
Savings and Temporary Cash Investments$788,046$472,904▼ $315,142
Land, Buildings, and Equipment, Net$165,551$159,925▼ $5,626
Pledges and Grants Receivable$253,265$51,515▼ $201,750
Prepaid Expenses and Deferred Charges$0$32,084▲ $32,084
Accounts Receivable$24,125$17,610▼ $6,515
Other Notes and Loans Receivable, Net$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
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$10,225,083$10,732,620▲ $507,537
Other Assets Total$23,830$69,395▲ $45,565
Liabilities
Other Liabilities$407,219$367,398▼ $39,821
Mortgage Notes Payable Secured by Investment Property$0$329,700▲ $329,700
Accounts Payable and Accrued Expenses$326,294$157,175▼ $169,119
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$733,513$854,273▲ $120,760
Net Assets / Fund Balance
Unrestricted Net Assets$7,752,021$8,138,778▲ $386,757
Permanently Rstr Net Assets$947,075$1,004,999▲ $57,924
Temporarily Rstr Net Assets$792,474$734,570▼ $57,904
Total Net Assets Fund Balance$9,491,570$9,878,347▲ $386,777
Total Liabilities and Net Assets / Fund Balance$10,225,083$10,732,620▲ $507,537

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$40,764$157,572$198,336
Leasehold Improvements$110,193$63,050$173,243
Other Land Buildings$8,968$17,274$26,242

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,147,865$57,924▲ $81,307-$1,285,096
2013$828,213$223,422▲ $98,230-$1,147,865
2012$766,910$61,303--$828,213
2011$0$766,910--$766,910
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Francesco SgarigliaDirector Italian ProgramFT$150,401$10,991$161,392

Board Members and Trustees

NameTitle
Michael Maaschair
Gregory BucherBoard Member
Jeremy HartnettBoard Member
Mary T BoatwrightBoard Member
Peter BingBoard Member
Phil StinsonBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Duke UniversityAdministrative2016 CAMPUS DRIVE PO BOX 90057, Durham, NC 27708$116,000
Revenue and Support

Revenue Composition

Contributions and Grants
$97,635
Program Service Revenue
$2,213,844
Investment Income
$553,026
Other Revenue
$11,365
All Other Contributions
$97,635
Change in Net Assets
$524,470

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded50$5,114Fair Market Value (FMV)
Total Noncash Contributions50$5,114-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,583,674
Revenue Not Reported on Financial Statements
$292,196
Revenue Not Reported on Form 990
$-137,693
Other Revenue Adjustments
$233,950
Total Revenue per Audited Statements
$2,445,981
Total Revenue per Form 990
$2,875,870
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,090,120
Other Expenses$1,027,330
Grants and Similar Amounts Paid$233,950
Total Fundraising Expense$53,829
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$574,953$64,689$44,554$684,196
Occupancy$332,890--$332,890
Foreign Grants$233,950--$233,950
Current Officers, Directors, Trustees, and Key Employees-$170,769-$170,769
Fees for Services Other-$142,577-$142,577
Payroll Taxes$125,495$0-$125,495
Other Employee Benefits$24,871$67,511-$92,382
Fees for Service Investment Mgmnt Fees-$58,246-$58,246
Travel$19,655$27,360-$47,015
Office Expenses-$42,257$453$42,710
Depreciation Depletion$40,592--$40,592
All Other Expenses$180$27,811-$27,991
Fees for Services Accounting-$25,700-$25,700
Fees for Services Legal-$20,499-$20,499
Pension Plan Contributions$11,648$5,630-$17,278
Insurance$6,364--$6,364
Advertising--$5,822$5,822
Other Expenses$34,137$3,015-$3,015
Conferences and Meetings--$3,000$3,000
Total Functional Expenses$1,641,507$656,064$53,829$2,351,400

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,351,400
Expenses per Audited Statements$2,059,204
Total Expenses per Audited Statements$2,059,204
Expenses Not Reported on Financial Statements$292,196
Other Expense Adjustments$233,950
International Activity

International Summary

Offices
1
Employees
9
Spending
$2,351,400

International Compliance

Foreign grant records maintained
Yes
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 ServicesEducational Program19$2,351,400
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$94,562
Fundraising Direct Expenses$83,197
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
50th ANNIVERSAR$94,562$94,562$83,197$11,365
Total Events$94,562$94,562$83,197$11,365
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Italian Severance Payable$367,398
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 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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Part VI, Section B, line 11B, review of the 990

The Form 990 was provided to all members of the managing committee for their review and approval prior to submission.

Part VI, Section B, line 12C, Conflict of interest policy

Disclosure of any conflicts of interest are made to supervisors and to the managing committee for review and resolution.

Part VI, Section B, Line 15B, Compensation policy

Salaries for all employees are determined annually by the managing committee. Salaries for the Professor in Charge and all instructional staff are set at competetive rates based on salaries paid for similar programs by other colleges and universities. Salaries for support staff are determined based on years of service and responsibilities assumed by the individual staff member. All salaries are approved during the annual budget process by the managing committee.

Part VI, sECTION C, LINE 19, Governing documents

ICCS WILL MAKE THEIR GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS and form 990 ARE also MADE AVAILABLE ON GUIDESTAR.ORG.

pART VI, SECTION A, LINE 3, MANAGEMENT COMPANY

DUKE UNIVERSITY STUDY ABROAD OFFICE MANAGES THE APPLICATION, enrollment, grades, tuition and all other related ACTIVITIES for the students OF ICCS, IN EXCHANGE FOR AN ANNUAL MANAGEMENT FEE.

Filing and Contact Details

Filer

Filer Name
Intercollegiate Center for
EIN
83-0406747
In Care Of
% JUNE TOTH CPA
Phone
7328159800
Address
Fidelis-216 Centerview Dr Ste 317, Brentwood, TN 37027

Signing Officer

Name
gregory bucher
Title
Chair
Phone
7328159800
Signed
2016-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory Bucher
Formed
2004
Legal Domicile
Tn
Voting Board Members
6
Independent Board Members
6
Employees
6
Volunteers
6

Preparer

Firm
WithumSmithBrown PC
Address
1 SPRING STREET, NEW BRUNSWICK, NJ 08901
Preparer
Catherine Bendall
Phone
7328281614
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A, Program service accomplishments

NOW IN ITS 51st YEAR, ICCS PROVIDES THE PREMIER PROGRAM IN ROME FOR AMERICAN UNDERGRADUATES STUDYING ANCIENT HISTORY, ART HISTORY, ARCHAEOLOGY, GREEK, AND LATIN. OVER 75 FELLOWS OF THE AMERICAN ACADEMY IN ROME HAIL FROM ICCS AS STUDENTS, FACULTY MEMBERS, OR BOTH. WORLD LEADERS IN ART, LITERATURE, MUSIC, BUSINESS, LAW, MEDICINE, AND ACADEMIA STUDIED AT ICCS. WITH AN ENDOWMENT OF OVER $9.5 MILLION, ICCS OFFERS GENEROUS NEED-BASED SCHOLARSHIPS. A CONSORTIUM OF OVER 100 COLLEGES AND UNIVERSITIES, ICCS MEMBER INSTITUTIONS INCLUDE THE IVY LEAGUE, MAJOR PUBLIC AND PRIVATE UNIVERSITIES, AND OUTSTANDING LIBERAL ARTS COLLEGES. ICCS ENROLLS APPROXIMATELY 36 STUDENTS EACH SEMESTER. TWO SEMESTERS OF STUDY ARE OFFERED ANNUALLY. EACH SEMESTER ALLOWS FIFTEEN WEEKS OF INSTRUCTION AND PROVIDES ONE SEMESTER OF ACADEMIC CREDIT. THE PROGRAM OF STUDY IS BASED ON A COMPREHENSIVE COURSE, THE ANCIENT CITY, WHICH INTEGRATES THE TOPOGRAPHY OF ANCIENT ROME WITH ITS SOCIAL HISTORY, LITERATURE, AND CULTURE. BECAUSE OF ITS INTENSITY AND REQUIREMENT OF TIME, THIS COURSE IS THE EQUIVALENT OF TWO SEMESTER COURSES. THE PROGRAM INCLUDES MANY VISITS TO ARCHAEOLOGICAL SITES AND MUSEUMS, BOTH IN ROME AND ITS VICINITY (E.G. OSTIA, COSA, AND HADRIAN'S VILLA AT TIVOLI) AND TWO LONGER FIELD TRIPS, ONE TO THE BAY OF NAPLES (POMPEII, HERCULANEUM, CUMAE) AND THE OTHER TO THE TEMPLES, VILLAS, AND MUSEUMS OF SICILY. THE STUDY OF ANCIENT LANGUAGES IS ALSO A CENTRAL PART OF THE CURRICULUM. STUDENTS MUST TAKE COURSES IN EITHER (OR BOTH) GREEK OR LATIN AT THE INTERMEDIATE OR ADVANCED LEVELS. IN ADDITION, COURSES ARE OFFERED IN THE ITALIAN LANGUAGE AT THE INTRODUCTORY LEVEL, AND IN RENAISSANCE AND BAROQUE ART.

Part XI, Reconciliation of Net Assets, 9 - other changes in net assets

There was a currency loss of $(37,334) recorded due to the revaluation of accounts held in Euro during the year ended June 30, 2014.

Part V, Line 2B, Filing of Federal Employment Returns

Salaries for the organization are paid in both Italy and the United States. Italian employees are paid in Italy and all tax filings are done with the Italian government as these employees are all Italian citizens, that work exclusively in italy. There are also professors working in Italy as visiting instructors that are paid a salary. These professors may be United States citizens or citizens of other countries. The professors may be paid directly by the organization through payroll reported on the W-2's and W-3's by the Center to the US Treasury or through a reimbursment for wages and benefits to their home institutions in the United States, who then are responsible for the wage reporting and payment of taxes for these employees.

Financial Statement Notes

schedule D, part XI, line 2D

There is a currency conversion gain of $87,757 that was recorded as an adjustment to revenue in the financial statements for the year ended June 30, 2015 that has been shown in the reconciliation of net income above.

Schedule D, Part X, Line 2

The Center is exempt from Federal income taxes as it is a charitable organization under Section 501(c)(3) of the Internal Revenue Code. Additionally, the Center has nonprofit status in Italy and is not subject to any Italian income taxes. Accordingly, no provision for income taxes either in the U.S. or Italy has been recorded in the statements of activities and changes in net assets. Management has evaluated uncertain tax positions and determined there were no uncertain tax positions at the Center as of June 30, 2015 and 2014. There are no open tax years prior to June 30, 2012. In addition, the Center did not have any income tax related penalties or interest for the periods reports in these financial statements.

Schedule D, Part XI & XII, Lines 2D, 4B

Scholarships of $233,950 are netted for financial statement purposes in accordance with accounting principles generally accepted in the United States. These expenses are shown as a reduction of revenue on the financial statement and have been shown as an expense in the Form 990. An adjustment is therefore shown on Part XII line 4b for revenue and Part XIII line 4b for expenses to reconcile from the audited financial statements to the form 990. There is a conversion gain of $87,757 that was included as an adjustment to revenue in the financial statements for the year ended June 30, 2015 that has been shown in the reconciliation of net income above and has therefore been included in Part XII, line 2d as a reduction of revenue in the reconciliation of revenue from the audited finanical statements to the form 990.

Part V, Line 4 - Use of Endowment Funds

Endowment funds have been established by donors and the managing committee for various purposes including scholarships and library enhancements.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt69377
IRS990/Form990PartVIISectionAGrp/PersonNm0Michael Maas
IRS990/Form990PartVIISectionAGrp/PersonNm1MARY T BOATWRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm2JEREMY HARTNETT
IRS990/Form990PartVIISectionAGrp/PersonNm3GREGORY BUCHER
IRS990/Form990PartVIISectionAGrp/PersonNm4Peter Bing
IRS990/Form990PartVIISectionAGrp/PersonNm5Phil Stinson
IRS990/Form990PartVIISectionAGrp/PersonNm6Francesco Sgariglia
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IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
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IRS990/LegalDomicileStateCd0TN
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IRS990/MissionDesc0INTERCOLLEGIATE CENTER FOR CLASSICAL STUDIES PROVIDES UNDERGRADUATE STUDENTS WITH AN OPPORTUNITY TO STUDY ANCIENT HISTORY, ARCHAEOLOGY, GREEK AND LATIN LITERATURE, ITALIAN LANGUAGE AND RENAISSANCE AND BAROQUE ITALIAN ART IN ROME, ITALY.
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IRS990/OfficeExpensesGrp/TotalAmt042710
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt023830
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IRS990/OtherChangesInNetAssetsAmt087757
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt067511
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt024871
IRS990/OtherEmployeeBenefitsGrp/TotalAmt092382
IRS990/OtherExpensesGrp/Desc0STUDENT FIELD TRIPS
IRS990/OtherExpensesGrp/Desc1FOOD
IRS990/OtherExpensesGrp/Desc2LIBRARY EXPENSE
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03015
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IRS990/OtherExpensesGrp/ProgramServicesAmt181909
IRS990/OtherExpensesGrp/ProgramServicesAmt234137
IRS990/OtherExpensesGrp/TotalAmt0154863
IRS990/OtherExpensesGrp/TotalAmt181909
IRS990/OtherExpensesGrp/TotalAmt234137
IRS990/OtherExpensesGrp/TotalAmt33015
IRS990/OtherLiabilitiesGrp/BOYAmt0407219
IRS990/OtherLiabilitiesGrp/EOYAmt0367398
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt044554
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt064689
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0574953
IRS990/OtherSalariesAndWagesGrp/TotalAmt0684196
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0125495
IRS990/PayrollTaxesGrp/TotalAmt0125495
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05630
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt011648
IRS990/PensionPlanContributionsGrp/TotalAmt017278
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0947075
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01004999
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0253265
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt051515
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt032084
IRS990/PrincipalOfficerNm0Gregory Bucher
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1EARLY ARRIVAL,GUEST AND SUMMER HOUSING FEES
IRS990/ProgramServiceRevenueGrp/Desc2CONSORTIUM MEMBERSHIP FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01945045
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1200049
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt268750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01945045
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1200049
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt268750
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0681175
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0200083
IRS990/PYInvestmentIncomeAmt0395089
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01175284
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02154223
IRS990/PYRevenuesLessExpensesAmt0585963
IRS990/PYSalariesCompEmpBnftPaidAmt01269157
IRS990/PYTotalExpensesAmt02644524
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03230487
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0524470
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02213844
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0788046
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0472904
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
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IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt057924
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01285096
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0198336
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08968
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt017274
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0367398
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ITALIAN SEVERANCE PAYABLE
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0There is a currency conversion gain of $87,757 that was recorded as an adjustment to revenue in the financial statements for the year ended June 30, 2015 that has been shown in the reconciliation of net income above.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Center is exempt from Federal income taxes as it is a charitable organization under Section 501(c)(3) of the Internal Revenue Code. Additionally, the Center has nonprofit status in Italy and is not subject to any Italian income taxes. Accordingly, no provision for income taxes either in the U.S. or Italy has been recorded in the statements of activities and changes in net assets. Management has evaluated uncertain tax positions and determined there were no uncertain tax positions at the Center as of June 30, 2015 and 2014. There are no open tax years prior to June 30, 2012. In addition, the Center did not have any income tax related penalties or interest for the periods reports in these financial statements.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.9$1.72$13.2$4.17$2.84$1.33
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.4$1.89$11.5$3.34$2.58$0.76
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.0$1.53$10.4$3.22$2.67$0.55
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.3$1.76$12.5$1.05$1.93$0.88
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.9$1.32$11.6$2.14$2.35$0.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.6$0.75$11.8$2.92$2.57$0.36
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.4$0.72$11.7$3.08$2.69$0.39
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.4$0.63$10.8$2.89$2.26$0.62
2016Detailed filing. Detailed filing data is available for this year.$11.0$1.36$9.59$2.44$2.35$0.09
2015Detailed filing. Detailed filing data is available for this year.$10.7$0.85$9.88$2.88$2.35$0.52
2014Detailed filing. Detailed filing data is available for this year.$10.2$0.73$9.49$3.23$2.64$0.59
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.70$0.50$8.20$2.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.02$0.41$7.61$2.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.81$0.42$6.39$2.03