Casa Dei Medici
- Assets
- $313.2k
- Revenue
- $301.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Boulder, CO
- Founding
- Data as of
- 12/2023
- EIN
- 87-2748289
Organization Overview
Casa Dei Medici is located in Boulder, CO. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Casa Dei Medici 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, Casa Dei Medici generated $301.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $92.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (36.7%) per year over the past 2 years. 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 INSPIRE AND CREATE A MODERN RENAISSANCE ENVIRONMENT IN WHICH CONTEMPORARY ART CAN FLOURISH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART EVENTS (50%): CASA DEI MEDICI INTENDS TO SHOWCASE THE WORKS OF ITS GRANTEE ARTISTS AS WELL AS OTHER ARTISTS THROUGH A VARIETY OF EVENTS, INCLUDING BUT NOT LIMITED TO ART AND PERFORMANCE ART EVENTS, POP-UP EXHIBITIONS AND FESTIVALS, MEMBERSHIP EVENTS AND EXPERIENCES, AND VIRTUAL EVENTS. CASA DEI MEDICI WILL OPERATE AS A CONTEMPORARY ART MUSEUM WITHOUT WALLS OR BOUNDARIES. CASA DEI MEDICI'S PROGRAMS FACILITATE THE APPRECIATION OF ART BY THE PUBLIC, PRODUCE UNEXPECTED ART ENCOUNTERS, AND SUPPLY ARTISTS WITH CRITICAL RESOURCES FOR THEIR ARTISTIC DEVELOPMENT; ITS PROGRAMS WILL BE CATALYSTS FOR NEW APPROACHES TO CONTEMPORARY ART ENGAGEMENT BEYOND TRADITIONAL MUSEUMS, THUS ALLOWING GREATER ACCESS TO ART AND ARTISTS BY THE PUBLIC.
SUPPORT TO ARTISTS (30%): INSPIRED BY THE MEDICI FAMILY, FAMOUS PATRONS OF THE ARTS DURING THE RENAISSANCE, CASA DEI MEDICI INTENDS TO PROVIDE GRANTS AND FELLOWSHIPS TO ARTISTS TO PROVIDE THEM WITH THE FINANCIAL FREEDOM TO CREATE WORKS OF ART IN ALL MEDIUMS. ALTHOUGH NOT A PRIVATE FOUNDATION, CASA DEI MEDICI WILL FOLLOW THE EXPENDITURE RESPONSIBILITY RULES OF SECTION 4945(H) OF THE CODE TO ENSURE THAT ALL GRANTS TO INDIVIDUALS ARE UTILIZED FOR THEIR INTENDED PURPOSES AND IT WILL SEEK REPORTS FROM THE GRANTEES ON HOW THE FUNDS ARE SPENT.
SUPPORT TO ARTS ORGANIZATIONS AND PROGRAMS (20%): SIMILAR TO THE NATIONAL ENDOWMENT FOR THE ARTS, CASA DEI MEDICI WILL SUPPORT ARTISTS AND ART PROJECTS THROUGHOUT THE UNITED STATES THROUGH GRANTMAKING, INITIATIVES, COLLABORATIONS, AND EVENTS. CASA DEI MEDICI WILL MAKE GRANTS TO NONPROFIT ORGANIZATIONS, ART AGENCIES, ARTS EDUCATION PROGRAMS, THE PERFORMING ARTS, MUSEUMS, VISUAL ARTS, AND BEYOND FOR A WIDE VARIETY OF ARTISTIC PROJECTS AND PROGRAMS.
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PDF Copies of 990 Filings
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 | $301,419 |
| Noncash contributions included in lines 1a–1f | $51,419 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $301,419 |
| Total Program Service Revenue | $0 |
| 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 | $301,419 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $25,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $50,000 |
| 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 | $900 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,000 |
| Advertising and promotion | $0 |
| Office expenses | $178 |
| Information technology | $240 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,033 |
| 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 | $92,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,738 |
| Savings and temporary cash investments | $520 |
| 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 | $92,971 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $313,229 |
| 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 | $313,229 |
| Total liabilities and net assets/fund balances | $313,229 |