Studio Arts College International Inc
- Assets
- $5.3m
- Revenue
- $161.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 11/1977
- Data as of
- 08/2023
- EIN
- 42-1073614
Organization Overview
Studio Arts College International Inc is located in null. The organization was established in 1977. 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. Studio Arts College International 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 08/2023, Studio Arts College International Inc generated $161.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (44.0%) each year. All expenses for the organization totaled $640.3k during the year ending 08/2023. 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
TO PROVIDE UNDERGRADUATE AND GRADUATE STUDENTS WITH A CHALLENGING, LIFE-ENHANCING EXPERIENCE IN THE CENTER OF FLORENCE, ITALY IN TRADITIONAL AND CONTEMPORARY STUDIO ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O FOR A FULL DESCRIPTION OF SACI'S PROGRAM SERVICE ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Cattelain Chair | OfficerTrustee | 1 | $0 |
Mark Havlicek Treasurer | OfficerTrustee | 1 | $0 |
Brett Ridge Secretary | OfficerTrustee | 1 | $0 |
Marco D'ostuni Board Member | Trustee | 1 | $0 |
Federica Codignola Board Member | Trustee | 1 | $0 |
Sergio Fantini - Thru March 2023 Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hogen Lovells Us Llp | 8/30/22 | $252,950 |
Studio Bargellini - Dottori Commerc Accounting & Admin | 8/30/22 | $122,933 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $160,870 |
| Investment income | $534 |
| 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 | $161,404 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,063 |
| Fees for services: Accounting | $41,586 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,190 |
| Advertising and promotion | $6,158 |
| Office expenses | $5,145 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $88,117 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $66,648 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $343,363 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $640,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,639 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $426,488 |
| 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 | $52,582 |
| Net Land, buildings, and equipment | $4,708,738 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,753 |
| Total assets | $5,260,200 |
| Accounts payable and accrued expenses | $80,503 |
| Grants payable | $0 |
| Deferred revenue | $545,133 |
| 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 | $2,603,102 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,712,166 |
| Total liabilities | $5,940,904 |
| Net assets without donor restrictions | -$689,153 |
| Net assets with donor restrictions | $8,449 |
| 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 | $5,260,200 |
Peer Organizations
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|---|