2024-07-11T14:09:58-05:00 2023-08-31 251616561 S R SNODGRASS PC 2009 MACKENZIE WAY SUITE 340 CRANBERRY TOWNSHIP PA 16066 990 2022-09-01 200151437 STUDIO INCAMMINATI STUD 2155927910 1901 S 9TH STREET 7TH FL PHILADELPHIA PA 19148 SHEILA BARKER PHD EXECUTIVE DIRECTOR 2155927910 2024-07-02 1 SHEILA BARKER PHD 999009999 1 DANELLE R STEWART CPA P00535522 7249340344 2024-07-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SHEILA BARKER PHD 1901 S 9TH STREET 7TH FL PHILADELPHIA PA 19148 1429490 0 X WWW.STUDIOINCAMMINATI.ORG X 2002 PA STUDIO INCAMMINATI EXISTS TO MEET THE EXPRESS NEEDS OF STUDENTS EAGER TO LEARN THE AESTHETIC AND PHILOSOPHICAL PRINCIPLES OF HUMANIST REALISM AND THE TECHNIQUES ESPOUSED BY IT'S FOUNDER NELSON SHANKS. 16 16 8 0 0 0 332598 444784 534057 674813 6676 19068 3557 94900 876888 1233565 0 0 0 0 368641 347109 0 0 43266 945746 924803 1314387 1271912 -437499 -38347 794072 2973293 159258 2385576 634814 587717 STUDIO INCAMMINATI EXISTS TO MEET THE EXPRESS NEEDS OF STUDENTS EAGER TO LEARN THE AESTHETIC AND PHILOSOPHICAL PRINCIPLES OF HUMANIST REALISM AND THE TECHNIQUES ESPOUSED BY IT'S FOUNDER NELSON SHANKS. 0 0 948108 708563 MERIT-BASED ARTISTIC INSTRUCTION FOR EXCEPTIONALLY-TALENTED ART STUDENTS. 948108 1 1 0 0 0 0 0 1 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 145 0 1 8 1 0 0 0 0 0 0 0 0 0 0 X 16 16 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X ELLIE COX CHIEF FINANCIAL OFFICER 2155927910 1901 S 9TH STREET 7TH FL PHILADELPHIA PA 19148 WILLIAM G DANIELS PRESIDENT 11.00 X X 0 0 0 ALVIN HOLM AIA BOARD MEMBER 1.00 X 0 0 0 JAMES L MCCABE PHD BOARD MEMBER 1.00 X 0 0 0 STEVEN A BENNETT BOARD MEMBER 1.00 X 0 0 0 FEDERICO CASTELLUCCIO BOARD MEMBER 1.00 X 0 0 0 LEONA SHANKS BOARD MEMBER 2.00 X 0 0 0 MONICA BEAN BOARD MEMBER 1.00 X 0 0 0 RICHARD ROSSELLO BOARD MEMBER 1.00 X 0 0 0 SONIA N DASGUPTA BOARD MEMBER 2.00 X 0 0 0 CHANTELLE FITZGERALD SECRETARY 3.00 X X 0 0 0 ELLIE COX CHIEF FINANCIAL OFFICER 10.00 X 0 0 0 SHEILA BARKER PHD EXECUTIVE DIRECTOR 50.00 X 46875 0 0 AUGUSTINE REPETTO TREASURER 3.00 X X 0 0 0 STEPHANIE THEIR BOARD MEMBER 1.00 X 0 0 0 MICHAEL SHERMAN BOARD MEMBER 1.00 X 0 0 0 46875 0 0 0 0 0 0 BOK BUILDING 1901 SOUTH 9TH STREET PHILADELPHIA PA 19148 RENT OF BUILDING SPACE 315050 1 444784 22115 444784 TUITION AND FEES 900099 674813 674813 674813 2405 2405 139820 123157 16663 16663 16663 89258 28108 61150 61150 78410 44660 33750 33750 1233565 708563 0 80218 X 103926 1402 81386 21138 223397 162664 46619 14114 19786 13825 4598 1363 17814 13539 4275 9150 6954 2196 337481 328244 8324 913 29087 26852 576 1659 37301 18750 15654 2897 334547 309113 24884 550 10908 9580 1166 162 53114 53114 24445 21010 2965 470 REPAIRS AND MAINTENANCE 52532 19754 32778 MEMBERSHIPS 9373 7370 2003 COMMUNITY OUTREACH PROG 9051 9051 1271912 948108 280538 43266 91582 167698 654 114924 3775 2031 2462 8966 13505 8224 602773 157579 498308 445194 131836 0 51950 2226256 794072 2973293 18802 22494 140456 170585 0 2192497 159258 2385576 X 628222 567717 6592 20000 634814 587717 794072 2973293 -38347 -8750 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4125 X 0 505803 101161 404642 96970 56418 40552 445194 ART COLLECTIONS 4125 DEPOSITS 47825 RIGHT OF USE ASSET - OPERATING LEASES 2174306 2226256 LEASE LIABILITY - CURRENT OPERATING LEASES 260495 LEASE LIABILITY - LONG TERM OPERATING LEASES 1932002 2192497 X 1252923 -8750 -8750 1261673 -28108 -28108 1233565 1300020 0 1300020 -28108 -28108 1271912 PART III, LINE 4: THE ORGANIZATION'S COLLECTION CONSISTS OF WORKS OF ART (DRAWINGS AND PAINTINGS) WHICH SERVE AS EXAMPLES OF ARTISTIC TECHNIQUES THAT ARE STUDIED BY STUDENTS. PART X, LINE 2: THE SCHOOL ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. DURING THE YEAR ENDED AUGUST 31, 2023, THE SCHOOL DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNTITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. TAX RETURNS FILED BY THE SCHOOL ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2019 REMAIN OPEN. THE SCHOOL'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN INCOME TAX EXPENSE ON THE STATEMENT OF FUNCTIONAL EXPENSES. PART XI, LINE 4B - OTHER ADJUSTMENTS: ANNUAL FOUNDER'S DAY GALA FUNDRAISING EVENT PART XII, LINE 4B - OTHER ADJUSTMENTS: ANNUAL FOUNDER'S DAY GALA FUNDRAISING EVENT FORM 990, PART VIII, LINE 8B STUDIO INCAMMINATI HELD ITS ANNUAL FOUNDER'S DAY GALA FUNDRAISERS EVENT IN OCTOBER 2022. TOTAL EXPENSES INCURRED FROM HOSTING THIS EVENT IS AT $28,108. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE RACIAL DISCRIMINATION POLICY IS DISCLOSED WITHIN THE SCHOOL'S CODE OF CONDUCT SECTION WITHIN THEIR ANNUAL STUDENT BROCHURE. SCHEDULE E, PART I, LINE 6 STUDIO INCAMMINATI PARTICIPATES IN A VARIETY OF FEDERAL AND STATE STUDENT GRANT AND AID PROGRAMS. FOUNDER'S DAY GALA 89258 89258 1540 17515 3099 5955 89258 89258 1540 17515 3099 5955 28109 61149 MONICA BEAN BOARD MEMBER 5500 DONATION 0 WILLIAMS G DANIELS BOARD MEMBER 15029 DONATION 0 CHANTELLE FITZGERALD BOARD MEMBER 5000 DONATION 0 LEONA SHANKS FORMER BOARD MEMBER, FOUNDER 10000 DONATION 0 AUGUSTINE REPETTO BOARD MEMBER 5000 DONATION 0 RICHARD ROSSELLO BOARD MEMBER 17666 DONATION 0 THE STEVEN ALAN BENNETT CHARITABLE BOARD MEMBER 30500 DONATION 0 VIDYA PLAINFIELD BOARD MEMBER 5500 DONATION 0 JAMES MCCABE BOARD MEMBER 22115 STOCK DONATION 0 DANIEL KREMENS BOARD MEMBER 5000 DONATION 0 SONIA DASGUPTA BOARD MEMBER 5450 DONATION 0 FORM 990, PART VI, SECTION A, LINE 2 STUDIO'S CHEIF FINANCIAL OFFICER IS THE SISTER OF LEONA SHANKS, CO-FOUNDER AND SECRETARY OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PROVIDED TO THE FINANCE COMMITTEE FOR REVIEW AND APPROVED AT THE ANNUAL BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE MEMBERS OF THE BOARD ARE REQUIRED TO DISCLOSE ANY ACTUAL OR PERCEIVED CONFLICT TO THE FINANCE COMMITTEE. THE INDIVIDUAL SHALL PROMPTLY AND FULLY DISCLOSE THE CONFLICT AND SHALL REFRAIN FROM PARTICIPATING IN ANY WAY IN THE MATTER TO WHICH THE CONFLICT RELATES UNTIL RESOLVED. THE FINANCE COMMITTEE WILL REVIEW, EVALUATE AND RECOMMEND A DECISION TO THE BOARD. A BOARD MEMBER WITH ANY INTEREST IN THE MATTER SHALL NOT PARTICIPATE IN THE DECISION MAKING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE IN THE BUSINESS OFFICER DURING NORMAL BUSINESS HOURS. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 14,714. MANAGEMENT AND GENERAL EXPENSES 4,493. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,207. INSTRUCTORS: PROGRAM SERVICE EXPENSES 227,241. MANAGEMENT AND GENERAL EXPENSES 3,831. FUNDRAISING EXPENSES 423. TOTAL EXPENSES 231,495. MODELING: PROGRAM SERVICE EXPENSES 86,289. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 490. TOTAL EXPENSES 86,779. FORM 990, PART XII, LINE 2C STUDIO INCAMMINATI MAINTAINS AN AUDIT COMMITTEE, WHO ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE ANNUAL AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.