Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,426,476

• 1e · Government grants (contributions)

  $422,354

• 1f · All other contributions, gifts and grants

  $6,558,512

• 2a · Program service revenue: PROGRAM RENTAL INCOME

  total $1,890,641 · related or exempt $1,890,641

• 2b · Program service revenue: TUITION & FEES

  total $448,214 · related or exempt $448,214

• 3 · Investment income

  total $1,094,931 · unrelated business $36,077 · excluded $1,058,854

• 6a · Gross rents

  real property $910,622

• 6b · Less rental expenses

  real property $678,877

• 6c · Rental income or loss

  real property $231,745

• 6d · Net rental income or loss

  total $231,745 · excluded $231,745

• 7a · Gross sales of assets other than inventory

  securities $9,747,179

• 7b · Less cost or other basis and sales expenses

  securities $9,407,939

• 7c · Gain or loss

  securities $339,240

• 7d · Net gain or loss

  total $339,240 · related or exempt $339,240

• 8a · Fundraising events: gross income

  $139,491

• 8a · Fundraising events: contributions included on line 1c

  $1,426,476

• 8b · Fundraising events: direct expenses

  $139,491

• 8c · Net income from fundraising events

  total $0

• 11a · Other revenue: OTHER REVENUE

  total $49,086 · excluded $49,086

• 11e · Other revenue, total

  $49,086

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $779,350 · program services $779,350

• 3 · Grants to foreign organizations and individuals

  total $64,800 · program services $64,800

• 5 · Compensation of officers, directors and key employees

  total $974,476 · program services $578,087 · management and general $229,968 · fundraising $166,421

• 7 · Other salaries and wages

  total $4,340,628 · program services $2,574,986 · management and general $1,024,351 · fundraising $741,291

• 8 · Pension plan contributions

  total $74,460 · program services $44,172 · management and general $17,572 · fundraising $12,716

• 9 · Other employee benefits

  total $148,536 · program services $88,116 · management and general $35,053 · fundraising $25,367

• 10 · Payroll taxes

  total $696,889 · program services $413,415 · management and general $164,459 · fundraising $119,015

• 11b · Fees: legal

  total $116,173 · program services $16,606 · management and general $99,567

• 11c · Fees: accounting

  total $70,012 · management and general $70,012

• 11f · Fees: investment management

  total $125,000 · management and general $125,000

• 11g · Fees: other

  total $2,303,114 · program services $1,587,957 · management and general $356,083 · fundraising $359,074

• 12 · Advertising and promotion

  total $2,203 · program services $681 · management and general $715 · fundraising $807

• 13 · Office expenses

  total $711,336 · program services $598,099 · management and general $23,976 · fundraising $89,261

• 14 · Information technology

  total $78,909 · program services $55,837 · management and general $10,355 · fundraising $12,717

• 16 · Occupancy

  total $1,793,501 · program services $1,573,527 · management and general $49,647 · fundraising $170,327

• 17 · Travel

  total $429,797 · program services $286,306 · management and general $102,647 · fundraising $40,844

• 19 · Conferences, conventions and meetings

  total $61,624 · program services $1,624 · fundraising $60,000

• 22 · Depreciation, depletion and amortization

  total $1,073,470 · program services $1,068,523 · management and general $2,083 · fundraising $2,864

• 24a · Other expenses: MISCELLANEOUS

  total $634,505 · program services $178,417 · management and general $369,291 · fundraising $86,797

• 24b · Other expenses: GALA EVENT EXPENSES

  total $175,669 · program services $158,449 · management and general $15,144 · fundraising $2,076

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,446,343 · end of year $3,071,069

• 3 · Pledges and grants receivable

  beginning of year $5,408,705 · end of year $4,119,556

• 9 · Prepaid expenses and deferred charges

  beginning of year $705,738 · end of year $1,402,862

• 10a · Land, buildings and equipment: cost or other basis

  $37,868,863

• 10b · Land, buildings and equipment: accumulated depreciation

  $23,706,391

• 10c · Land, buildings and equipment, net

  beginning of year $13,870,763 · end of year $14,162,472

• 11 · Investments: publicly traded securities

  beginning of year $48,700,261 · end of year $52,111,292

• 12 · Investments: other securities

  beginning of year $63,827,067 · end of year $72,701,955

• 15 · Other assets

  beginning of year $7,708,688 · end of year $7,313,445

• 17 · Accounts payable and accrued expenses

  beginning of year $2,106,928 · end of year $3,525,890

• 19 · Deferred revenue

  beginning of year $499,468 · end of year $379,256

• 24 · Unsecured notes and loans payable

  beginning of year $367,454

• 25 · Other liabilities

  beginning of year $8,662,391 · end of year $8,727,459

• 27 · Net assets without donor restrictions

  beginning of year $33,184,666 · end of year $34,038,139

• 28 · Net assets with donor restrictions

  beginning of year $100,846,658 · end of year $108,211,907

The filer's explanations (Part III)

PART I, LINE 1A

HOUSING IS PROVIDED TO THE ACADEMY'S RESIDENTIAL OFFICERS, WHO SERVE FOR FIXED TERMS AND ARE GENERALLY FROM THE U.S. AND MAY BE SECONDED BY U.S. UNIVERSITIES. THE PRESIDENT OF THE ACADEMY RECEIVES PAID MEMBERSHIP IN TWO SOCIAL CLUBS IN WHICH MEMBERSHIP ALSO SERVES A RELATED BUSINESS PURPOSE FOR THE ACADEMY.

PART I, LINE 4B

MARK ROBBINS - DEFERRED COMPENSATION ACCRUED (NON-QUALIFIED) - $47,388

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• JANUS SURL

  EVENT SPACE RENTAL · IT · income $1,931,729 · assets $2,041,581

  Directly controlled by AMERICAN ACADEMY IN ROME