Spoleto Study Abroad
- Assets
- $1.9m
- Revenue
- -$19.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 03/1998
- Data as of
- 06/2021
- EIN
- 31-1539757
Organization Overview
Spoleto Study Abroad is located in Raleigh, NC. The organization was established in 1998. According to its NTEE Classification (Q22) the organization is classified as: International Academic Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spoleto Study Abroad is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE STUDENT SUMMER STUDY PROGRAM AND EDUCATOR ENRICHMENT OPPORTUNITIES THROUGH EXPOSURE TO THE HISTORICAL, ARCHITECTURAL AND CULTURAL RICHES OF THE ARTS AND HUMANITIES IN ITALY.
Describe the Organization's Program Activity:
STUDY ABROAD PROGRAM FOR SECONDARY STUDENTS IN ARTS AND HUMANITIES. PROVIDED ADVANCED STUDY AND PERFORMANCE OPPORTUNITIES FOR VOCAL AND INSTRUMENTAL MUSIC, VISUAL ART, CREATIVE WRITING, PHOTOGRAPHY AND SCREENWRITING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorenzo Muti Co-Program Manager/director | Officer | 30 | $0 |
Jill Muti Co-Program Manager/director | Officer | 1 | $0 |
Kevin Macneil Director | Trustee | 0.5 | $0 |
Cynthia Landvater Director | Trustee | 0.5 | $0 |
Anthony Sgro Board President | Trustee | 0.5 | $0 |
Doreen Kelly Director | Trustee | 0.5 | $0 |
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 | $35,330 |
| Noncash contributions included in lines 1a–1f | $4,887 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,330 |
| Total Program Service Revenue | $475 |
| Investment income | $1,444 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$57,264 |
| 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 | -$19,015 |
| 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 | $0 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,693 |
| Advertising and promotion | $1,298 |
| Office expenses | $5,793 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,212 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,724 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,500 |
| All other expenses | $0 |
| Total functional expenses | $96,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,617 |
| Savings and temporary cash investments | $432,822 |
| 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 | $238,743 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $93,791 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $912,822 |
| Total assets | $1,860,795 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $75,000 |
| 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 | $250,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $750,000 |
| Total liabilities | $1,075,900 |
| 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 | $784,895 |
| Total liabilities and net assets/fund balances | $1,860,795 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The International Student Exchange Programs Arlington, VA | $4,426,296 | $2,807,253 |
Georgia Rotary Student Program Inc Savannah, GA | $224,018 | $1,023,976 |
Forte International Exchange Assn Falls Church, VA | $3,742,967 | $1,490,685 |
Us-Ireland Alliance Arlington, VA | $11,567,008 | $1,242,344 |
Medical Education Cooperation With Cuba Decatur, GA | $774,993 | $361,532 |
Consortium For Global Education Inc Atlanta, GA | $185,862 | $432,617 |
Middle Tennessee Japan Society Nashville, TN | $229,625 | $333,404 |
Crosscampus International Spartanburg, SC | $109,478 | $241,905 |
Global Insights Inc Marietta, GA | $79,507 | $95,186 |
Spoleto Study Abroad Raleigh, NC | $1,860,795 | -$19,015 |
Rotary Club Of Greensboro Foundation Inc Greensboro, NC | $204,385 | $144,721 |
Inter Ed Ltd Dyersburg, TN | $2,866 | $37,837 |