Civitella Ranieri Foundation Inc
- Assets
- $23.6m
- Revenue
- $2.4m
- Investments
- $19.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/2002
- Data as of
- 12/2023
- EIN
- 01-0718949
Organization Overview
Civitella Ranieri Foundation Inc is located in New York, NY. The organization was established in 2002. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Civitella Ranieri Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Civitella Ranieri Foundation Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $1.9m during the year ending 12/2023. While expenses have increased by 4.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE FOUNDATION IS TO PROVIDE A SETTING WHERE AN INTERNATIONAL COMMUNITY OF VISUAL ARTISTS, WRITERS AND COMPOSERS MAY PURSUE AND DEVELOP PROJECTS WHILE BENEFITING FROM THEIR COLLEAGUES AND FROM THE ATMOSPHERE OF THE CASTLE AND ITALY'S RICH CULTURAL HERITAGE.
WINTER SESSION IS A PROGRAM OF THE FOUNDATION WHERE FEES ARE RECEIVED IN THE USA FOR SEVERAL PROGRAMS. THESE VARY FROM TRAVEL STUDY TOURS FOCUSING ON, FOR INSTANCE, UMBRIAN FOOD OR SACRED UMBRIA OR LITERARY UMBRIA. FUTURE PROPOSALS INCLUDE POETRY WORKSHOPS, WRITING WORKSHOPS, AND ADDITIONAL TRAVEL STUDY OPTIONS. INCLUDED IN THE WINTER REVENUES ARE OCCASIONAL ALUMNI ROOM OCCUPANCIES IF A PROJECT PROPOSAL IS ACCEPTED. THE WINTER SESSION SEASON RUNS FROM NOVEMBER 1 EACH YEAR TO THE FOLLOWING END OF APRIL IN THE SPRING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Donadio Executive Director | 40 | $130,398 | |
Dana G Prescott Fmr Executive Director | 40 | $18,507 | |
Jennifer Dowley Chair | 3 | $0 | |
Kit White Vice Chair | 3 | $0 | |
Dwight E Lee Treasurer | 3 | $0 | |
Stephen Doyle Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $233,333 |
| Interest on Savings | $168,902 |
| Dividends & Interest | $326,664 |
| Net Rental Income | $35,880 |
| Net Gain on Sale of Assets | $1,476,202 |
| Capital Gain Net Income | $1,561,159 |
| Net ST Capital Gain | $21,362 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $58 |
| Other Income | $184,579 |
| Total Revenue | $2,425,618 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $148,905 |
| Other employee salaries and wages | $542,905 |
| Pension plans, employee benefits | $86,471 |
| Interest | $343 |
| Taxes | $16,909 |
| Depreciation | $113,898 |
| Occupancy | $335,329 |
| Travel, conferences, and meetings | $85,625 |
| Printing and publications | $3,946 |
| Other expenses | $333,942 |
| Total operating and administrative expenses | $1,902,164 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,902,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,153,484 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $102,655 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $304,737 |
| Net Land, buildings, and equipment | $543,042 |
| Other assets | $2,015,819 |
| Total assets | $23,557,619 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,018,569 |
| Total liabilities | $2,018,569 |