Nonprofit · EIN 41-1942190
INTERNATIONAL ACADEMY OF FINE ART
Tax-exempt · NEW HAVEN, CT 06508
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,792,047 | $3,926,137 | $865,910 | $9,480,781 | $6,092,886 | $3,387,895 |
| June 30, 2024 | 990 | $4,384,047 | $4,011,766 | $372,281 | $8,466,677 | $6,045,945 | $2,420,732 |
| June 30, 2023 | 990 | $4,105,004 | $3,805,832 | $299,172 | $7,894,942 | $5,676,132 | $2,218,810 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $647,568
- of which government grants
- $40,000
- Program service revenue
- $4,144,479
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $161,783
- Compensation of officers, directors and key employees
- $151,038
- Other salaries and wages
- $1,344,643
- Salaries, compensation and benefits (total)
- $1,778,968
- Professional fundraising fees
- $0
- Legal fees
- $38,716
- Accounting fees
- $98,572
- Occupancy
- $714,187
- Travel
- $24,461
- Depreciation
- $126,543
- Program services (functional)
- $3,085,935
- Management and general (functional)
- $840,202
Balance sheet and other
- Total assets, start of year
- $8,466,677
- Total assets, end of year
- $9,480,781
- Total liabilities, end of year
- $6,092,886
- Net assets, end of year
- $3,387,895
- Land, buildings and equipment
- $6,105,177
- Net assets without donor restrictions
- $3,228,760
- Net assets with donor restrictions
- $159,135
- Gross receipts
- $4,792,047
- Employees
- 0
- Year formed
- 1991
- State of legal domicile
- CT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Antonio Vanni | Executive Director Trustee or director, Officer | 40 | $70,586 | $5,066 |
| thomas Richards | President Trustee or director, Officer | 40 | $68,214 | $7,172 |
| Daniel Graves | Founder Trustee or director, Officer | 1 | $31,865 | $0 |
| Gregory Hedberg | Chairperson Trustee or director, Officer | 1 | $0 | $0 |
| Christine Emmons | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Susan Tintori | Founding Executive Director Trustee or director, Officer | 1 | $0 | $0 |
| George C White | Founding Chairperson Trustee or director, Officer | 1 | $0 | $0 |
| DAvid Thompson | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Tarra Bandet | Trustee Trustee or director | 1 | $0 | $0 |
| Robert Emmons | Trustee Trustee or director | 1 | $0 | $0 |
| Anki Eriksson Graves | Trustee Trustee or director | 1 | $0 | $0 |
| Jamen Graves | Trustee Trustee or director | 1 | $0 | $0 |
| Laura Grenning | Trustee Trustee or director | 1 | $0 | $0 |
| Margaret Hedberg | Trustee Trustee or director | 1 | $0 | $0 |
| David C Herring | Trustee Trustee or director | 1 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| richard Hitt | Trustee Trustee or director | 1 | $0 |
| Susan Kendall | Trustee Trustee or director | 1 | $0 |
| Richard J Massey | Trustee Trustee or director | 1 | $0 |
| Jennifer Nash Kochevar | Trustee Trustee or director | 1 | $0 |
| Robert K Montgomery | Trustee Trustee or director | 1 | $0 |
| Valerie Montgomery | Trustee Trustee or director | 1 | $0 |
| Daniel Powell | Trustee Trustee or director | 1 | $0 |
| Elizabeth Slaught | Trustee Trustee or director | 1 | $0 |
| David Spencer | Trustee Trustee or director | 1 | $0 |
| Pamela Thompson | Trustee Trustee or director | 1 | $0 |
| Betsy White | Trustee Trustee or director | 1 | $0 |
| Nelson White | Trustee Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Antonio Vanni | Executive Director Trustee or director, Officer | 40 | $72,149 | $4,982 |
| thomas Richards | President Trustee or director, Officer | 40 | $69,433 | $6,840 |
| Daniel Graves | Founder Trustee or director, Officer | 1 | $32,566 | $0 |
| Susan Tintori | Founding Executive Director Trustee or director, Officer | 1 | $6,983 | $0 |
| Gregory Hedberg | Chairperson Trustee or director, Officer | 1 | $0 | $0 |
| Christine Emmons | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| George C White | Founding Chairperson Trustee or director, Officer | 1 | $0 | $0 |
| DAvid Thompson | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Tarra Bandet | Trustee Trustee or director | 1 | $0 | $0 |
| Robert Emmons | Trustee Trustee or director | 1 | $0 | $0 |
| Anki Eriksson Graves | Trustee Trustee or director | 1 | $0 | $0 |
| Jamen Graves | Trustee Trustee or director | 1 | $0 | $0 |
| Laura Grenning | Trustee Trustee or director | 1 | $0 | $0 |
| Margaret Hedberg | Trustee Trustee or director | 1 | $0 | $0 |
| Richard Hitt | Trustee Trustee or director | 1 | $0 | $0 |
| Susan Kendall | Trustee Trustee or director | 1 | $0 | $0 |
| Richard J Massey | Trustee Trustee or director | 1 | $0 | $0 |
| Jennifer Nash Kochevar | Trustee Trustee or director | 1 | $0 | $0 |
| Robert K Montgomery | Trustee Trustee or director | 1 | $0 | $0 |
| Valerie Montgomery | Trustee Trustee or director | 1 | $0 | $0 |
| Elizabeth Slaught | Trustee Trustee or director | 1 | $0 | $0 |
| David Spencer | Trustee Trustee or director | 1 | $0 | $0 |
| pamela Thompson | Trustee Trustee or director | 1 | $0 | $0 |
| Betsy White | Trustee Trustee or director | 1 | $0 | $0 |
| Nelson White | Trustee Trustee or director | 1 | $0 | $0 |
| Judy Jones | Trustee Trustee or director | 1 | $0 | $0 |
| Terry Jones | Trustee Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 27 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Thomas Richards | Academic Director Highest-paid employee | 40 | $131,804 |
| Antonio Vanni | Executive Director Officer | 40 | $77,029 |
| Daniel Graves | President Trustee or director, Officer | 40 | $62,568 |
| Susan Tintori | Founding Executive Director Trustee or director, Officer | 40 | $58,158 |
| David Spencer | Chairperson Trustee or director, Officer | 4 | $0 |
| Christine Emmons | Secretary Trustee or director, Officer | 4 | $0 |
| George C White | Founding Chairperson Trustee or director, Officer | 1 | $0 |
| Robert Emmons | Director Trustee or director | 1 | $0 |
| Anki Eriksson Graves | Director Trustee or director | 1 | $0 |
| Jamen Graves | Director Trustee or director | 1 | $0 |
| Gregory Hedberg | Chairperson Trustee or director, Officer | 5 | $0 |
| Margaret Hedberg | Trustee Trustee or director | 1 | $0 |
| Jennifer Nash Kochevar | Trustee Trustee or director | 1 | $0 |
| Robert Montgomery | Trustee Trustee or director | 1 | $0 |
| Val Montgomery | Trustee Trustee or director | 1 | $0 |
| Elizabeth Slaught | Trustee Trustee or director | 1 | $0 |
| Betsy White | Trustee Trustee or director | 1 | $0 |
| Nelson White | Trustee Trustee or director | 1 | $0 |
| David Thompson | TREASURER Trustee or director, Officer | 4 | $0 |
| Pamela Thompson | Trustee Trustee or director | 1 | $0 |
| Laura Grenning | Trustees Trustee or director | 1 | $0 |
| Tarra Bandet | Trustee Trustee or director | 1 | $0 |
| Richard J Massey | Trustees Trustee or director | 1 | $0 |
| Richard Hitt | Trustee Trustee or director | 1 | $0 |
| Judy Jones | Trustee Trustee or director | 1 | $0 |
| Terry Jones | trustee Trustee or director | 1 | $0 |
| Susan Kendall | Trustee Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1832, NEW HAVEN, CT 06508-1832
- In care of
- % ANTONIO VANNI
- Principal officer (990 for 2024)
- Antonio Vanni, PO Box 1832, New Haven, CT 065081832
- Signed the 990
- Antonio Vanni, EXECUTIVE DIRECTOR
- Phone
- (203) 387-0852
- Website
- www.florenceacademyofart.edu
- Return prepared by
- WithumSmithBrown PC
Mission
THE FLORENCE ACADAMY OF ART WAS FOUNED IN 1991 BY DANIEL GRAVES (SEE SCHEDULE O FOR DETAILS).
Program accomplishments
- DANIEL GRAVES BEGAN THE ACADEMY IN 1991 IN A SMALL STUDIO IN THE GARDENS OF A LOCAL FLORENTINE PALACE. (SEE SCHEDULE O FOR additional information)Expenses $3,085,935 · grants $161,783 · revenue $4,144,479
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1942190
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q210)
- Assets (IRS master file)
- $9,480,781
- Income (IRS master file)
- $4,792,047
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,792,047 | $3,926,137 | $9,480,781 | XML |
| 990 | June 2024 | $4,384,047 | $4,011,766 | $8,466,677 | XML |
| 990 | June 2023 | $4,105,004 | $3,805,832 | $7,894,942 | XML |
| 990 | June 2022 | $3,896,682 | $3,486,094 | $7,361,430 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1942190).
Questions about INTERNATIONAL ACADEMY OF FINE ART
- What is the EIN of INTERNATIONAL ACADEMY OF FINE ART?
- The employer identification number (EIN) of INTERNATIONAL ACADEMY OF FINE ART is 41-1942190.
- Is INTERNATIONAL ACADEMY OF FINE ART tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to INTERNATIONAL ACADEMY OF FINE ART tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INTERNATIONAL ACADEMY OF FINE ART file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INTERNATIONAL ACADEMY OF FINE ART due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INTERNATIONAL ACADEMY OF FINE ART last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of INTERNATIONAL ACADEMY OF FINE ART?
- The 990 for the year ended June 30, 2025 names Antonio Vanni.
- Who are the officers and directors of INTERNATIONAL ACADEMY OF FINE ART?
- The 990 for the year ended June 30, 2025 lists 27 people; 3 received compensation from the organization, the highest $70,586 (Antonio Vanni, Executive Director).
- How much revenue does INTERNATIONAL ACADEMY OF FINE ART have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,792,047, expenses of $3,926,137 and total assets of $9,480,781 at year end.
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