International Council Of Fine Arts Deans
- Assets
- $434.4k
- Revenue
- $394.9k
- Investments
- $0.0
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 10/1980
- Data as of
- 12/2023
- EIN
- 75-1727752
Organization Overview
International Council Of Fine Arts Deans is located in West Palm Beach, FL. The organization was established in 1980. 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. International Council Of Fine Arts Deans 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, International Council Of Fine Arts Deans generated $394.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $404.7k during the year ending 12/2023. While expenses have increased by 4.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
ICFAD IS A MULTINATIONAL ALLIANCE OF EXECUTIVE ACADEMIC VISUAL AND PERFORMING ARTS, DESIGN, AND MEDIA ADMINISTRATORS REPRESENTING INSTITUTIONS OF HIGHER EDUCATION. BEYOND BEING THE PROVIDER OF PROFESSIONAL DEVELOPMENT, ICFAD FACILITATES FORUMS FOR EXCHANGE OF IDEAS, (CONTINUED)
Describe the Organization's Program Activity:
Part 3 - Line 4a
FROM ITS INCEPTION IN 1964, ICFAD HAS ORGANIZED CONFERENCES TO PROVIDE OPPORTUNITIES FOR ARTS DEANS TO HELP DEANS. DURING THESE CONFERENCES, TOPICS OF INTEREST TO THE MEMBERSHIP ARE DISCUSSED BY ARTIST, ACADEMIC AND INTELLECTUAL LEADERS, AND GOVERNMENT AND FOUNDATION OFFICIALS. ICFADS ANNUAL CONFERENCE IS HELD USUALLY IN OCTOBER IN A MAJOR CULTURAL CENTER. THE ANNUAL CONFERENCE PROVIDES AN OPPORTUNITY, IN FORMAL AND INFORMAL SETTINGS, TO NETWORK WITH COLLEAGUES AND GUESTS ABOUT DEVELOPMENTS IN THE ARTS OR OTHER GENERAL TOPICS OF INTEREST. ANNUAL CONFERENCES USUALLY FEATURE PANEL DISCUSSIONS WITH LEADING NATIONAL EXPERTS IN THE ARTS, LOCAL ARTS LEADERS, AND ICFAD DEANS. ICFAD MEMBERS ARE KEPT INFORMED AND INVOLVED IN DEVELOPMENTS THROUGH THIS ANNUAL CONFERENCE. ICFAD ALSO PROVIDES ADDITIONAL TRAINING IN POST CONFERENCE SESSIONS, FELLOWS PROGRAMS AND INTERNATIONAL SYMPOSIUMS. IN 2020,MANAGEMENT REALIZED HOW FINANCIALLY DEPENDENT ICFADS OPERATIONS WERE ON CONFERENCE-RELATED INCOME. ICFAD PROMPTLY DEVELOPED ONLINE PROGRAMMING FOR MEMBERS AND DEVELOPED RELATED SPONSORSHIP OPPORTUNITIES; FOCUSED ON MEMBERSHIP RETENTION AND RECRUITING EFFORTS; TRANSITIONED TO AN ANNIVERSARY-DATE INSTEAD OF CALENDAR YEAR DUES CYCLE; AND APPROVED POLICY RELATED TO USE OF FINANCIAL RESERVES. CREATIVELY AND COLLABORATIVELY ADDRESSING THE CHALLENGES OF 2020 RESULTED IN FINANCIAL SOLVENCY AND INCREASED MEMBER BENEFITS.ICFAD PROVIDES A NETWORK OF COMMUNICATION AND EDUCATION INFORM AND EDUCATE MEMBERS OF CURRENT ISSUES AND TOPICS FACING ARTS ADMINISTRATORS IN HIGHER EDUCATION ACROSS THE UNITED STATES AND THE WORLD. FREQUENT EMAIL COMMUNICATIONS, THE WEBSITE, THE ONLINE PROGRAMMING, AN ONLINE FORUM AND NATIONAL CONFERENCES PROVIDE THE FOUNDATION OF COMMUNICATION TO KEEP MEMBERS ABREAST OF INITIATIVES, RESOLUTIONS AND NEW TRENDS IN THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John W Scheib Director | Trustee | 1 | $0 |
Andrew Davis Director | Trustee | 1 | $0 |
Sarah Bay-Cheng Director | Trustee | 1 | $0 |
B Stephen Carpenter II Director | Trustee | 1 | $0 |
Peg Faimon Director | Trustee | 1 | $0 |
Sabrina Madison-Cannon Treasurer And Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $110,042 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,042 |
| Total Program Service Revenue | $245,107 |
| Investment income | $37,590 |
| 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 | $394,909 |
| 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 | $103,910 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,424 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,894 |
| Information technology | $15,469 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $661 |
| All other expenses | $5,287 |
| Total functional expenses | $404,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,723 |
| Savings and temporary cash investments | $0 |
| 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 | $14,758 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $395,940 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $434,421 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $64,341 |
| 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 | $64,341 |
| Net assets without donor restrictions | $370,080 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $434,421 |