Miano Academy Of Art Inc Sorcha Augustine
- Assets
- $76.7k
- Revenue
- $225.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Bradenton, FL
- Founding
- 02/2008
- Data as of
- 12/2023
- EIN
- 26-0820589
Organization Overview
Miano Academy Of Art Inc Sorcha Augustine, operating under the name Academy Of Classical Arts & Humanities Inc, is located in Bradenton, FL. The organization was established in 2008. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Of Classical Arts & Humanities 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, Academy Of Classical Arts & Humanities Inc generated $225.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $203.1k during the year ending 12/2023. While expenses have increased by 6.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVING CLASSICAL REALISM TRAINING FOR THE NEXT GENERATION OF ARTISTS AND THE ADVANCEMENT OF THE INTERNATIONAL ATELIER MOVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIANO ACADEMY OF ART IS ONE OF ONLY 80 ART SCHOOLS IN THE WORLD OF ITS KIND, PROVIDING CLASSICAL REALISM TRAINING FOR BOTH SERIOUS AND CASUAL ART STUDENTS. THESE STUDENTS TRAVEL IN FROM ALL OVER THE COUNTRY TO RECEIVE INSTRUCTION FROM BOTH OUR IN-HOUSE MASTER ARTIST AND VISITING MASTER ARTISTS, WHO ARE CONSIDERED LEADERS IN THE FINE ART INDUSTRY. TO OUR KNOWLEDGE, MIANO ACADEMY OF ART IS THE ONLY SCHOOL OF ITS KIND IN THE STATE OF FLORIDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Miano President Non Voting Member | Officer | 40 | $72,429 |
Sorcha Augustine CEO Non Voting Member | Officer | 40 | $0 |
David Miano Chairman | Trustee | 1 | $0 |
Melanie Whalen Board Of Directors | Trustee | 2 | $0 |
Susie Covert Board Of Directors | Trustee | 1 | $0 |
Cathleen Larson Board Of Directors | 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 | $50,111 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,111 |
| Total Program Service Revenue | $174,497 |
| Investment income | $799 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $225,407 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $72,429 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $24,333 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,580 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,218 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,358 |
| Office expenses | $3,564 |
| Information technology | $3,214 |
| Royalties | $0 |
| Occupancy | $45,088 |
| Travel | $50 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $745 |
| All other expenses | $33,576 |
| Total functional expenses | $203,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,863 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,800 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $76,663 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,660 |
| Total liabilities | $1,660 |
| Net assets without donor restrictions | $75,003 |
| Net assets with donor restrictions | $0 |
| 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 | $76,663 |