Institute For Doctoral Studies Inthe Visual Arts
- Assets
- $2.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 7
- Location
- Portland, ME
- Founding
- 11/2007
- Data as of
- 04/2022
- EIN
- 20-4984268
Organization Overview
Institute For Doctoral Studies Inthe Visual Arts is located in Portland, ME. The organization was established in 2007. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 04/2022, Institute For Doctoral Studies Inthe Visual Arts employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Doctoral Studies Inthe Visual Arts 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 04/2022, Institute For Doctoral Studies Inthe Visual Arts generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.8m during the year ending 04/2022. While expenses have increased by 4.3% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A SCHOOL OF GRADUATE STUDIES PROVIDING EDUCATION IN PHILOSOPHY, AESTHETICS, ART THEORY, AND SIMILAR DISCIPLINES RELATED TO THE VISUAL ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROVISION OF DOCTORAL STUDIES TO HOLDERS OF THE MFA OR THE MASTER'S DEGREE IN A RELATED FIELD, THE CONFERRING OF PHD DEGREES, AND OTHERWISE PROVIDING EDUCATION AND TRAINING RELATED TO THE ARTS. THE INSTITUTE HAD APPROXIMATELY 43 FULL-TIME EQUIVALENT STUDENTS DURING 2021-2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George E Smith President | Officer | 40 | $196,333 |
Amy Curtis Executive VP | Officer | 40 | $140,339 |
Paul Mcdonald Chair & Treasurer | OfficerTrustee | 1 | $0 |
Dorit Yaron Secretary | OfficerTrustee | 1 | $0 |
Jonathan Koperniak Director | Trustee | 1 | $0 |
Ted Coons Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,208 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,208 |
| Total Program Service Revenue | $1,800,930 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,856 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,883,702 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $557,194 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $377,183 |
| Compensation of current officers, directors, key employees. | $106,828 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $314,375 |
| Pension plan accruals and contributions | $16,578 |
| Other employee benefits | $87,329 |
| Payroll taxes | $44,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $143 |
| Fees for services: Accounting | $19,791 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,154 |
| Advertising and promotion | $28,918 |
| Office expenses | $15,248 |
| Information technology | $18,567 |
| Royalties | $0 |
| Occupancy | $19,171 |
| Travel | $7,929 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,079 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,312 |
| All other expenses | $3,126 |
| Total functional expenses | $1,794,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,454 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $60,000 |
| Accounts receivable, net | $71,891 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,400 |
| Prepaid expenses and deferred charges | $197,682 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,796,268 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $2,196,695 |
| Accounts payable and accrued expenses | $70,783 |
| Grants payable | $0 |
| Deferred revenue | $257,066 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $327,849 |
| Net assets without donor restrictions | $776,702 |
| Net assets with donor restrictions | $1,092,144 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,196,695 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Institute For Doctoral Studies Inthe Visual Arts has recieved totaling $17,500.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,000 |
Strada Education Network Inc Indianapolis, IN PURPOSE: OPERATING SUPPORT | $7,500 |
Endowment Analysis
| Beg. Balance | $851,951 |
| Earnings | -$50,907 |
| Net Contributions | $240,000 |
| Other Expense | -$31,500 |
| Ending Balance | $1,009,544 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Doctoral Studies Inthe Visual Arts Portland, ME | $2,196,695 | $1,883,702 |
Signum University Bedford, NH | $115,611 | $373,357 |
Nackey S Loeb School Of Communications Inc Manchester, NH | $3,382,671 | $334,167 |
Grace Evangelical Inc Bangor, ME | $521,827 | $255,917 |
Chaplaincy Institute Of Maine Portland, ME | $143,482 | $0 |
Caroline S Wooster Trust Portland, ME | $572,404 | $99,092 |
Cytometry Educational Association Inc Topsham, ME | $81,786 | $0 |