Rome Institute Of Liberal Arts Inc
- Assets
- $124.3k
- Revenue
- $279.1k
- Investments
- $0.0
- Employees
- 0
- Location
- El Sobrante, CA
- Founding
- 07/2008
- Data as of
- 12/2022
- EIN
- 26-2101062
Organization Overview
Rome Institute Of Liberal Arts Inc is located in El Sobrante, CA. The organization was established in 2008. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rome Institute Of Liberal Arts 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 12/2022, Rome Institute Of Liberal Arts Inc generated $279.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.5% each year . All expenses for the organization totaled $217.4k during the year ending 12/2022. While expenses have increased by 21.1% 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
WE GIVE AMERICAN COLLEGE STUDENTS A CHANCE TO STUDY THE GREAT BOOKS/CORE TEXTS OF THE LIBERAL ARTS IN ROME, INTERWEAVING WITH THOSE READINGS THE ART, ARCHITECTURE AND HISTORY, AS WELL AS THE EXPERIENCE OF A BROADER WORLD AND A FOREIGN CULTURE. WE AIM TO SUPPLEMENT THE KIND OF PHILOSOPHIC EDUCATION STUDENTS GET IN GREAT BOOKS COLLEGES IN THE US WITH AN AESTHETIC AND AN HISTORICAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER PROGRAM AND JANUARY PROGRAM FOR COLLEGE STUDENTS: WE HELD OUR SUMMER PROGRAMS FOR THE SECOND TIME SINCE THE BEGINNING OF THE PANDEMIC IN 2020. WE HAD 30 VERY EAGER AND CAPABLE STUDENTS. THESE STUDENTS TOOK PART IN CLASSES FOCUSED EITHER ON READINGS IN HISTORY AND POLITICAL THEORY, OR IN ART AND AESTHETICS, ALONGSIDE REGULAR EXCURSIONS FOR THE WHOLE GROUP TOGETHER WITH THEIR PROFESSORS TO SEE ART AND ARCHITECTURE IN MUSEUMS, CHURCHES, ANCIENT MONUMENTS, RENAISSANCE PALACES, AND SO ON. THE FRIENDSHIPS CREATED IN OUR PROGRAMS CONTINUE TODAY, AND WE ARE STILL IN CONTACT WITH MANY OF OUR STUDENTS. A COUPLE OF OUR STUDENTS CHANGED THEIR MAJOR AS A RESULT OF TAKING OUR CLASSES, AND DISCOVERED NEW CAREER PATHS. IN 2022, WE ALSO BEGAN PREPARATIONS FOR OUR NEW JANUARY TERM IN VENICE, OFFERED IN 2023 TO UNIVERSITY STUDENTS IN VENICE, A COURSE COMBINING HISTORY, ART, MUSIC, AND LITERATURE RELATED TO VENICE ITS CULTURAL HISTORY AND ITS RELEVANCE FOR MODERN CULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francesca Calvano Secretary | OfficerTrustee | 25 | $62,664 |
Gabriel Pihas President | OfficerTrustee | 25 | $52,140 |
Luca Paretti Board Member | Trustee | 5 | $0 |
Ida Sirolli Board Member | Trustee | 5 | $0 |
Diana Lanternari Board Member | Trustee | 5 | $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 | $42,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,050 |
| Total Program Service Revenue | $237,085 |
| Investment income | $0 |
| 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 | $279,135 |
| 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. | $115,685 |
| Compensation of current officers, directors, key employees. | $21,979 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,670 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,361 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,078 |
| Office expenses | $2,824 |
| Information technology | $1,023 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $880 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $217,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,321 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $124,321 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $124,321 |
| Total liabilities and net assets/fund balances | $124,321 |
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