Studio Arts College International Inc
- Assets
- $6.6m
- Revenue
- $529.4k
- Investments
- $0.0
- Employees
- 15
- Location
- Brick, NJ
- Founding
- 11/1977
- Data as of
- 08/2021
- EIN
- 42-1073614
Organization Overview
Studio Arts College International Inc is located in Brick, NJ. 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. As of 08/2021, Studio Arts College International Inc employed 15 individuals. 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 08/2021, Studio Arts College International Inc generated $529.4k 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 (32.9%) each year. All expenses for the organization totaled $2.3m during the year ending 08/2021. 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
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Brittan President | OfficerTrustee | 40 | $146,000 |
Leo Rowland Dean | Officer | 40 | $116,667 |
Nicolas Cattelain Chair - Eff 9/30/2021 | OfficerTrustee | 1 | $0 |
Mark Havlicek Treasurer - Eff 9/30/2021 | OfficerTrustee | 1 | $0 |
Brett Ridge Secretary - Eff 9/30/2021 | OfficerTrustee | 1 | $0 |
Stephen Rosefield Chair - Thru 9/30/2021 | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Studio Bargellini - Dottori Commerc Management | 8/30/21 | $153,439 |
Hogan Lovells Legal Services | 8/30/21 | $165,245 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $148,397 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,601 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $167,998 |
| Total Program Service Revenue | $323,701 |
| Investment income | $27,295 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,417 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $529,411 |
| 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 | $94,200 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $256,111 |
| Compensation of current officers, directors, key employees. | $256,111 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $498,047 |
| Pension plan accruals and contributions | $3,092 |
| Other employee benefits | $32,747 |
| Payroll taxes | $33,825 |
| Fees for services: Management | $153,439 |
| Fees for services: Legal | $260,746 |
| Fees for services: Accounting | $70,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,817 |
| Fees for services: Other | $30,378 |
| Advertising and promotion | $15,108 |
| Office expenses | $44,129 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $258,860 |
| Travel | $568 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,384 |
| Interest | $100,689 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $424,965 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,305,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,099 |
| Savings and temporary cash investments | $6,863 |
| 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 | $12,770 |
| Net Land, buildings, and equipment | $5,921,397 |
| Investments—publicly traded securities | $476,207 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,996 |
| Total assets | $6,621,332 |
| Accounts payable and accrued expenses | $312,934 |
| Grants payable | $0 |
| Deferred revenue | $12,471 |
| 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 | $3,347,252 |
| Unsecured mortgages and notes payable | $60,887 |
| Other liabilities | $1,222,760 |
| Total liabilities | $4,956,304 |
| Net assets without donor restrictions | $1,656,579 |
| 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 | $6,621,332 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Studio Arts College International Inc has recieved totaling $68.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $68 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Art Students League Of New York New York, NY | $112,886,191 | $14,274,262 |
Saul Steinberg Foundation New York, NY | $2,326,445 | $165,696 |
Studio In A School Association New York, NY | $26,491,871 | $6,228,421 |
Global Disciples Lancaster, PA | $4,481,434 | $6,431,035 |
Harlem School Of The Arts Inc New York, NY | $16,306,795 | $5,380,840 |
Dreamyard Project Inc Bronx, NY | $4,474,380 | $5,509,637 |
Grounds For Sculpture Inc Hamilton, NJ | $36,793,406 | $11,597,062 |
Powerhouse Arts Inc Brooklyn, NY | $187,718,007 | $2,438,930 |
American Academy Of Arts And Letters New York, NY | $101,076,393 | $10,417,737 |
The Arts Connection Inc New York, NY | $2,703,336 | $4,972,330 |
Alliance For Young Artists & Writers Inc New York, NY | $7,496,330 | $3,366,982 |
Marquis Studios Ltd Brooklyn, NY | $2,435,475 | $3,259,805 |