2024-05-14T12:36:30-05:00 2023-06-30 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2022-07-01 411942190 International Academy of Fine Art % ANTONIO VANNI INTE 2127519100 PO Box 1832 New Haven CT 065081832 Antonio Vanni EXECUTIVE DIRECTOR 2016857080 2024-05-01 true Antonio Vanni 999009999 Catherine Bendall P00521196 7328281614 2024-05-01 2 2022 2023-04-26 12:10:37Z Antonio Vanni PO Box 1832 New Haven CT 065081832 4105004 false X www.florenceacademyofart.edu X 1991 CT TO PROVIDE THE HIGHEST LEVEL OF INSTRUCTION IN CLASSICAL METHODS OF DRAWING, PAINTING and SCULPTURE for STUDENTS WISHING TO PURSUE CAREERS AS PROFESSIONAL ARTISTS 25 23 0 23 0 514879 252592 3381803 3852412 0 0 0 0 3896682 4105004 114369 246151 0 0 1515414 1721679 0 0 0 1856311 1838002 3486094 3805832 410588 299172 7361430 7894942 5513972 5676132 1847458 2218810 THE FLORENCE ACADAMY OF ART WAS FOUNED IN 1991 BY DANIEL GRAVES (SEE SCHEDULE O FOR DETAILS). false false 2886694 246151 3852412 The Florence Academy of Art was founded in 1991 by American painter, Daniel Graves. First housed in a small studio in the gardens of a local Florentine palace, students trained in the methods of the Old Masters. (SEE SCHEDULE O FOR continuation and additional information) 2886694 true true false false false false false false false false true false false false true true false true true true true false true false false false false false false false false false false true false true false false false false false false true true true false false false true 0 0 true 0 false true IT false false false false false false false false X 25 23 true false false false false false false true true false false true true true true false false true true false CT NJ NY X ANTONIO VANNI 2127519100 Via Aretina 293 FLORENCE IT 50136 Thomas Richards Academic Director 40.0 0.0 X 131804 0 0 Antonio Vanni Executive Director 40.0 0.0 X 77029 0 0 Daniel Graves President 40.0 0.0 X X 62568 0 0 Susan Tintori Founding Executive Director 40.0 0.0 X X 58158 0 0 David Spencer Chairperson 4.0 0.0 X X 0 0 0 Christine Emmons Secretary 4.0 0.0 X X 0 0 0 George C White Founding Chairperson 1.0 0.0 X X 0 0 0 Robert Emmons Director 1.0 0.0 X 0 0 0 Anki Eriksson Graves Director 1.0 0.0 X 0 0 0 Jamen Graves Director 1.0 0.0 X 0 0 0 Gregory Hedberg Chairperson 5.0 0.0 X X 0 0 0 Margaret Hedberg Trustee 1.0 0.0 X 0 0 0 Jennifer Nash Kochevar Trustee 1.0 0.0 X 0 0 0 Robert Montgomery Trustee 1.0 0.0 X 0 0 0 Val Montgomery Trustee 1.0 0.0 X 0 0 0 Elizabeth Slaught Trustee 1.0 0.0 X 0 0 0 Betsy White Trustee 1.0 0.0 X 0 0 0 Nelson White Trustee 1.0 0.0 X 0 0 0 David Thompson TREASURER 4.0 0.0 X X 0 0 0 Pamela Thompson Trustee 1.0 0.0 X 0 0 0 Laura Grenning Trustees 1.0 0.0 X 0 0 0 Tarra Bandet Trustee 1.0 0.0 X 0 0 0 Richard J Massey Trustees 1.0 0.0 X 0 0 0 Richard Hitt Trustee 1.0 0.0 X 0 0 0 Judy Jones Trustee 1.0 0.0 X 0 0 0 Terry Jones trustee 1.0 0.0 X 0 0 0 Susan Kendall Trustee 1.0 0.0 X 0 0 0 329559 0 0 1 false false false 0 252592 5201 252592 TUITION AND FEES 611600 3778043 3778043 OTHER PROGRAM INCOME 611600 74369 74369 3852412 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4105004 3852412 0 0 246151 246151 0 200576 62568 138008 0 0 1116904 1005166 111738 0 146142 42148 103994 258057 186781 71276 0 39142 39142 105004 105004 0 0 0 334079 305375 28704 152730 152730 46091 46091 0 0 616554 585726 30828 13172 13172 0 0 107993 102593 5400 0 109077 103623 5454 17541 15339 2202 BOARD EXPENSE 3296 3296 TEACHING SUPPLIES & TRIPS 155479 155479 STUDENT HOUSING 33556 33556 LIBRARY EXPENSE 2406 2406 101882 39783 62099 3805832 2886694 919138 0 X 1481985 1870974 0 0 140000 0 31489 6988 0 0 0 0 0 0 0 0 183284 246029 6819611 1137067 5524672 5682544 0 0 0 0 0 0 0 0 0 88407 7361430 7894942 522422 478211 0 0 1243698 1497349 0 0 0 0 350679 305679 3057237 2971692 0 0 339936 423201 5513972 5676132 X 1536642 1966268 310816 252542 1847458 2218810 7361430 7894942 X 299172 72180 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6312906 1137067 5682544 221809 284896 5682544 0 HOUSING DEPOSIT PAYABLE 58871 ITALIAN SEVERENCE PAYABLE 174212 OPERATING LEASE LIABILITY 90118 TAXES PAYABLE 100000 423201 X 3858853 3858853 246151 246151 4105004 3559681 3559681 246151 246151 3805832 Schedule D Part X, Line 2 The School is exempt from Federal income taxes in the United States as it is a charitable organization under Section 501(c)(3) of the Internal Revenue Code. The School has determined that there are no uncertain tax positions as of June 30, 2023 and 2022 and there were no income tax, related penalties or interest for the years reported in the consolidated financial statements in the United States. SCHEDULE D, PART XI and Part XII, LINE 4B this represents An adjustment for Scholarships of $246,151 that were netted against revenue in the GAAP financial statements. The scholarships were shown on the functional expenses on Form 990. SCHEDULE D, PART XII, LINE 4B scholarships of $53,646 were netted against revenue in the GAAP financial statements. THIS AMOUNT WAS shown on the functional expenses on Form 990. calculation. The scholarships were shown on the functional expenses on Form 990. expense. true true true true true true true false false false false false false false false false false true Racially nondiscrimination policy There is no solicitation of students done through either broadcast media or newspapers. Solicitation of students is done through the School's website, which states that "The School admits students of any age, race, color and national or ethnic origin." Europe (Including Iceland and Greenland) Program Services School 3805832 3805832 3805832 Scholarships Europe (Including Iceland and Greenland) 246151 SCHOLARSHIP FMV false false true false false false Schedule F, Part I, Line 2: The procedure for monitoring the use of scholarship funds is direct oversight. The scholarship funds are for work study on school premises or merit based tuition scholarships for students attending the school. PAMELA THOMPSON Board Member property purchase X 450000 152840 false true true DAVID THOMPSON Board Member property purchase X 450000 152839 false true true 305679 Form 990, Part III, line 1, Organizations Mission TO PROVIDE THE HIGHEST LEVEL OF INSTRUCTION IN CLASSICAL DRAWING, PAINTING AND SCULPTURE. GRAVES' VISION OF THE ACADEMY IS ITS POTENTIAL TO TRAIN A SELECT GROUP OF HIGHLY SKILLED REALIST PAINTERS AND SCULPTORS. HIS PHILOSOPHY, WHICH UNDERLIES THE ACADEMY'S CURRICULUM AND METHOD OF INSTRUCTION, DEMANDS A RETURN TO DISCIPLINE IN ART, TO CANONS OF BEAUTY, AND TO THE DIRECT STUDY OF NATURE AND THE OLD MASTERS AS THE FOUNDATION FOR GREAT PAINTING AND SCULPTURE. UNDER HIS DIRECTION, THE ACADEMY IS A SOURCE OF STIMULATION AND HEALTHY COMPETITION, IN WHICH AN INTERNATIONALLY VARIED GROUP OF STUDENTS RECEIVES TRAINING FROM PROFESSIONAL PAINTERS OF DIFFERENT NATIONALITIES, IN A CITY RENOWNED FOR ITS ARTISTIC PAST. Form 990, Part III, line 4a, Program Service Accomplishments The Florence Academy of Art was founded in 1991 by American painter, Daniel Graves. First housed in a small studio in the gardens of a local Florentine palace, students trained in the methods of the Old Masters. Graves set out to demystify the training of an artist and break down the complex task of learning to draw, paint, and sculpt from life into gradual steps, and Florence - with its rich history, artistic treasures, and natural beauty - was the ideal place to start a school to keep the tradition of great painting and sculpture alive. Soon, the handful of students who had come to study grew to exceed the space available. In 1994, the academy moved to a 4500 square-foot studio, and there began its journey to become a bonafide school. Over the years, it grew from a dozen students to locations in three countries (Florence, Italy, Jersey City, NJ, and Mlndal, Sweden) offering classical instruction in drawing, painting, and sculpture to 150 full time students. By 2013, The Florence Academy of Art became accredited by the National Association of Schools of Art and Design, including a Master of Arts in Studio Art and an MFA in Painting. The academy realized a long-term goal in 2015 to purchase a permanent home in Florence. Renovation of the 19th century customs house was completed in October 2016 in time to inaugurate the 2016-2017 academic year. The 35,000 square foot campus provides 100 students enrolled in drawing, painting, and sculpture over 30 northerly lit studios, a library, gallery, bookshop, cafe and two apartments for visiting artists. Part of the academy's mission is to form the next generation of teachers. All the academy's instructors are graduates of its three-year program and therefore trained in the philosophy, methodology and language of instruction of The Florence Academy of Art. They pass on a consistent and clearly delineated body of knowledge and guarantee a continuum of the academy's philosophy and artistic language. Most instructors also work on site in private studios provided by the school; students therefore benefit not only from daily direct instruction and critique, but also from watching the professional artist at work. Students study on a full-time basis, 36 hours per week, from October through June; preference is given to applicants who intend to stay the full three years; a fourth year of specialization is the norm. Applications for academic year study exceed available spaces 3 to 1. Equally successful is the continuing education programming with enrollment in most courses reaching 100%. Financial aid in the form of partial or full tuition scholarships is awarded to 30% of students annually and is subsidized by regular tuition income (90%), and Board contributions or private donations (10%). The education students receive at The Florence Academy of Art is foundational. Like in other classical-art disciplines, students begin with simple exercises, and progress through the curriculum only after each requisite skill is acquired, from learning to draw accurately to learning to use precise color values in oil or -for sculpture students - learning to use correct structure in clay. When students walk in the door of the Florence Academy, they are assigned a north light studio space and settle into a rhythm of working that will remain constant throughout their years of study. They spend half the day working from the figure, and half of the day in their studios, working on specific exercises. They attend weekly lectures in Anatomy, corch Sculpture and Art History. They are taught the sight-size method of measurement in the early stages of the curriculum, and never work from photographs, but only from life. Working in charcoal, drawing students develop accuracy, and, in preparation to become a painter, a sophisticated understanding of gradations of value. The students' cast drawings look like the actual casts, and their figure drawings have the weight and balance of a living person. Painting students start en grisaille - that is, with painting in gray to become familiar with using paint to study values without the added complexity of color. Students use with a traditional limited palette of three colors, not including white - yellow ocher, English red, and black, and later add naples yellow, vermilion, cobalt blue. Advanced students begin considering composition (e.g., to place emphasis on the gesture of the figure and an indication of the mood and personality of the model), while teachers guide them in developing their voice. The kinds of problems they begin to solve as advanced painters and sculptors are the ones they will face as emerging artists: what do I want to paint or sculpt? Why? What emotion do I want to convey and how? What areas of technical competence must I strengthen to not be held back in the articulation of my vision? Students will often hear the following advice from Daniel Graves, the philosophy by which he lives his own art: "We must have the courage to ask ourselves what we really care about, because if we do not know we cannot express it. We must develop our capacity for deep feeling, for what we know with our minds is only part of what we have to give to our art ---- we also have our hearts to give.... we must grow wise in our hearts, in tandem with honing our craft, to express ourselves in a way that will both touch and be meaningful to others. To seek beauty and meaning in our lives is to bring it into our art.". Graduates go on to work skillfully in a wide variety of media, styles, and professions, from oil and bronze to mixed media and digital art; from classical representation to imaginative and abstracted figuration; and from professional portraiture to illustration and animation. Of 550 graduates to date, 78% are working artists, and 37% are currently teaching the methodology they learned at the academy. Each year, this number grows by at least twenty new graduates who complete the three-year curriculum and enter the art market. Their work is featured in the Alumni Gallery on the academy's website, www.florenceacademyofart.edu. Throughout the years the academy has purchased or received as gifts from students a collection of drawings, paintings and sculpture numbering close to 200 works. These remain on view to students and visitors in the academy's student gallery located in each studio location. These works serve not only as examples of exceptional student work to admire but for study. In addition, the academy owns four 19th century figure drawings, and received in donation from Edward T. Wilson two original drawings by Jon Leon Grome and Charles Bargue. Finally, The Florence Academy of Art has spawned dozens of smaller atelier-style schools around the world, and a couple of equal size. It remains, however, the only academy accredited by the National Association of Schools of Art and Design to offer a Certificate in Painting or Sculpture and a Masters degree. Goals: A short-term goal includes the acquisition of didactic material (books, 19th century drawings and exceptional student artwork.) A principal long-term goal is to establish an endowment to secure the future finances of the school. Form 990, Part IV, Section B, Line 11b The Form 990 is prepared by the auditor, reviewed by management and a full copy is presented to the board prior to submission with the Department of Treasury. Form 990, Part IV, Section B, Line 12C Annual questionnaires will be required from all board members and key management by June 30th of each year. Form 990, Part IV, Section B, Line 15 The Executive Director and the Board of Trustees conduct reviews and utilize comparable data in setting salaries for staff during the annual budget process. The budget is then approved by the board. FORM 990, PART V, LINE 2A THE SCHOOL OPERATES IN FLORENCE ITALY, Molndal (Gothenburg), Sweden and jersey city, nj AND HAS APPROXIMATELY 18 full-time EMPLOYEES, 4 part-time administrative staff and 27 adjunct instructors who WORK AND ARE PAID THERE. Employees are legal residents of their respective countries of employment and therefore all payroll filings and taxes paid for these employees are filed in Italy, Sweden or the United States depending on their residency. Form 990, Part VI, Section A, Line 2:BOARD MEMBER RELATIONSHIPS Robert and Christine Emmons; Daniel and Anki Graves; George and Betsy White; Gregory and Margaret Hedberg; Kenneth and Lesley Koster; David and Pamela Thompson; Jamen Graves AND DANIEL GRAVES; NELSON WHITE AND GEORGE WHITE; JULIE SPAHR AND BETSY WHITE HAVE FAMILIAL RELATIONSHIPS. Form 990, Part VI, Section C, Line 19 The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. Form 990, Part XI, Line 9 Other changes in net assets - translation gain of $142,902 was included as an other adjustment to change in net assets. Translation gains(losses) are recorded annually for the conversion of assets and liabilities for accounts held in Euro to US dollar based on the current exchange rates at the end of each fiscal year. Additionally corporate and local taxes on activities in Italy of $70,721 were netted against the gain for a net change of $72,181. The Florence Academy of Art AB Gotafoesliden 17 Molndal SW 431 34 Art School SW 122846 FAA ITAL SrL Via Aretina 293 Florence IT 50122 RE Holding IT 4511883 FAA Ital SrL K 801986 wire