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        <BOYAmt>42485</BOYAmt>
        <EOYAmt>94365</EOYAmt>
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      <DeferredRevenueGrp>
        <BOYAmt>1661758</BOYAmt>
        <EOYAmt>2606318</EOYAmt>
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      <UnsecuredNotesLoansPayableGrp>
        <BOYAmt>107820</BOYAmt>
      </UnsecuredNotesLoansPayableGrp>
      <OtherLiabilitiesGrp>
        <BOYAmt>30942</BOYAmt>
        <EOYAmt>207006</EOYAmt>
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      <TotalLiabilitiesGrp>
        <BOYAmt>1843005</BOYAmt>
        <EOYAmt>2907689</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
      <RtnEarnEndowmentIncmOthFndsGrp>
        <BOYAmt>227994</BOYAmt>
        <EOYAmt>133239</EOYAmt>
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      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>227994</BOYAmt>
        <EOYAmt>133239</EOYAmt>
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      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>2070999</BOYAmt>
        <EOYAmt>3040928</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <InfoInScheduleOPartXIInd>X</InfoInScheduleOPartXIInd>
      <ReconcilationRevenueExpnssAmt>-353611</ReconcilationRevenueExpnssAmt>
      <PriorPeriodAdjustmentsAmt>-70469</PriorPeriodAdjustmentsAmt>
      <OtherChangesInNetAssetsAmt>329325</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>false</FSAuditedInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc6">
      <SchoolInd>X</SchoolInd>
    </IRS990ScheduleA>
    <IRS990ScheduleD documentId="RetDoc2">
      <LeaseholdImprovementsGrp>
        <OtherCostOrOtherBasisAmt>54922</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>24722</DepreciationAmt>
        <BookValueAmt>30200</BookValueAmt>
      </LeaseholdImprovementsGrp>
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>195868</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>142781</DepreciationAmt>
        <BookValueAmt>53087</BookValueAmt>
      </EquipmentGrp>
      <TotalBookValueLandBuildingsAmt>83287</TotalBookValueLandBuildingsAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>SECURITY DEPOSITS</Desc>
        <Amt>207006</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>207006</TotalLiabilityAmt>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="RetDoc3">
      <NondiscriminatoryPolicyStmtInd>true</NondiscriminatoryPolicyStmtInd>
      <PolicyStmtInBrochuresEtcInd>true</PolicyStmtInBrochuresEtcInd>
      <PlcyPblczdViaBroadcastMediaInd>true</PlcyPblczdViaBroadcastMediaInd>
      <MaintainRacialCompRecsInd>true</MaintainRacialCompRecsInd>
      <MaintainScholarshipsRecsInd>true</MaintainScholarshipsRecsInd>
      <MaintainCpyOfBrochuresEtcInd>true</MaintainCpyOfBrochuresEtcInd>
      <MaintainCpyOfAllSolInd>true</MaintainCpyOfAllSolInd>
      <DiscriminateRaceStdntsRghtsInd>false</DiscriminateRaceStdntsRghtsInd>
      <DiscriminateRaceAdmissPlcyInd>false</DiscriminateRaceAdmissPlcyInd>
      <DiscriminateRaceEmplmFcultyInd>false</DiscriminateRaceEmplmFcultyInd>
      <DiscriminateRaceSchsInd>false</DiscriminateRaceSchsInd>
      <DiscriminateRaceEducPlcyInd>false</DiscriminateRaceEducPlcyInd>
      <DiscriminateRaceUseOfFcltsInd>false</DiscriminateRaceUseOfFcltsInd>
      <DiscriminateRaceAthltProgInd>false</DiscriminateRaceAthltProgInd>
      <DiscriminateRaceOtherActyInd>false</DiscriminateRaceOtherActyInd>
      <GovernmentFinancialAidRcvdInd>false</GovernmentFinancialAidRcvdInd>
      <GovernmentFinancialAidRvkdInd>false</GovernmentFinancialAidRvkdInd>
      <ComplianceWithRevProc7550Ind>true</ComplianceWithRevProc7550Ind>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>THE NON-DISCRIMINATION POLICY IS DESCRIBED IN THE SCHOOL INFORMATION BROCHURE AS PART OF THE APPLICATION PROCESS. IN ADDITION, THE POLICY IS STATED ON THE SCHOOL'S WEBSITE, AND DESCRIPTIVE INFORMATION CONCERNING THE POLICY IS INCLUDED WITH BROCHURES AND CATALOGS DISTRIBUTED TO SCHOOLS AND STUDENTS.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleE>
    <IRS990ScheduleF documentId="RetDoc7">
      <GrantRecordsMaintainedInd>false</GrantRecordsMaintainedInd>
      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>EUROPE (INCLUDING ICELAND AND GREENLAND)</RegionTxt>
        <OfficesCnt>1</OfficesCnt>
        <EmployeeCnt>1</EmployeeCnt>
        <TypeOfActivitiesConductedTxt>PROGRAM SERVICES</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>FINE ARTS PROGRAMS</SpecificServicesProvidedTxt>
        <RegionTotalExpendituresAmt>4327782</RegionTotalExpendituresAmt>
      </AccountActivitiesOutsideUSGrp>
      <SubtotalOfficesCnt>1</SubtotalOfficesCnt>
      <SubtotalEmployeesCnt>1</SubtotalEmployeesCnt>
      <TotalOfficeCnt>1</TotalOfficeCnt>
      <TotalEmployeeCnt>1</TotalEmployeeCnt>
      <SubtotalSpentAmt>4327782</SubtotalSpentAmt>
      <TotalSpentAmt>4327782</TotalSpentAmt>
      <TransferToForeignCorpInd>false</TransferToForeignCorpInd>
      <InterestInForeignTrustInd>false</InterestInForeignTrustInd>
      <ForeignCorpOwnershipInd>false</ForeignCorpOwnershipInd>
      <PassiveForeignInvestmestCoInd>false</PassiveForeignInvestmestCoInd>
      <ForeignPartnershipInd>false</ForeignPartnershipInd>
      <BoycottCountriesInd>false</BoycottCountriesInd>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE F, PAGE 1, PART I, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>EUROPE (INCLUDING ICELAND AND GREENLAND) 4,327,782 0</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleF>
    <IRS990ScheduleJ documentId="RetDoc4">
      <SeverancePaymentInd>false</SeverancePaymentInd>
      <SupplementalNonqualRtrPlanInd>false</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>false</EquityBasedCompArrngmInd>
      <CompBasedOnRevenueOfFlngOrgInd>false</CompBasedOnRevenueOfFlngOrgInd>
      <CompBsdOnRevRelatedOrgsInd>false</CompBsdOnRevRelatedOrgsInd>
      <CompBsdNetEarnsFlngOrgInd>false</CompBsdNetEarnsFlngOrgInd>
      <CompBsdNetEarnsRltdOrgsInd>false</CompBsdNetEarnsRltdOrgsInd>
      <AnyNonFixedPaymentsInd>false</AnyNonFixedPaymentsInd>
      <InitialContractExceptionInd>false</InitialContractExceptionInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>REBECCA OLSEN</PersonNm>
        <TitleTxt>PRESIDENT/ CEO</TitleTxt>
        <BaseCompensationFilingOrgAmt>185000</BaseCompensationFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>185000</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="RetDoc5">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
        <ExplanationTxt>THE MISSION OF SRISA IS TO PROVIDE STUDENTS WITH OPPORTUNITIES FOR ARTISTIC, ACADEMIC, AND PERSONAL GROWTH IN AN ENVIRONMENT THAT WILL DEVELOP THEIR UNDERSTANDING OF WHAT IT MEANS TO BE A MEMBER OF AN ARTISTIC, ACADEMIC AND INTERNATIONAL COMMUNITY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART V, LINE 4B</FormAndLineReferenceDesc>
        <ExplanationTxt>ITALY</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>FORM 990 WILL BE PRESENTED TO THE BOARD FOR REVIEW AT THE NEXT SCHEDULED MEETING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS REVIEWED BY THE BOARD ON AT LEAST AN ANNUAL BASIS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE PROPOSED COMPENSATION IS SUBMITTED TO THE BOARD FOR APPROVAL AFTER COMPARING RATES OF COMPENSATION TO OTHER NON-PROFIT EDUCATION INSTITUTIONS IN THE AREA.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE PROPOSED COMPENSATION IS SUBMITTED TO THE BOARD FOR APPROVAL AFTER COMPARING RATES OF COMPENSATION TO OTHER NON-PROFIT EDUCATION INSTITUTIONS IN THE AREA</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 18</FormAndLineReferenceDesc>
        <ExplanationTxt>A COPY OF THE FORM 990 IS MAINTAINED AT THE CORPORATE OFFICE FOR REVIEW UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>COPIES OF THE GOVERNING AND OTHER DOCUMENTS REQUIRED TO BE AVAILABLE TO THE PUBLIC ARE MAINTAINED AT THE CORPORATE OFFICE AND ARE AVAILABLE UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART IX, LINE 24E</FormAndLineReferenceDesc>
        <ExplanationTxt>SCHOOL SUPPLIES 116,791 0 0 OTHER MISCELLANEOUS 24,628 57,970 0 UTILITIES 56,293 0 0 AGENCY FEES 54,816 0 0 STUDENT ACTIVITY EXPENSES 49,585 0 0 OTHER EXPENSES 40,104 0 0 TRANSCRIPT EXPENSES 34,600 0 0 REPAIRS &amp; MAINTENANCE 33,729 0 0 MUSEUM COSTS 29,574 0 0 EQUIPMENT 0 25,358 0 CLEANING 11,293 0 0 ATTREZZAATURA/MACHINERY 9,055 0 0 HOUSING DAMAGES 8,421 0 0 GUIDES/ GROUP LEADERS 5,061 0 0 BANK CHARGES COMMISSON 3,595 548 0 SHIPPING 3,098 0 0 TELEPHONE 0 2,956 0 ART SUPPLIES 1,223 0 0 SAFETY REGULATIONS 799 0 0 MELIO SERVICE FEES 21 0 0 MERCHANT FEES 12 0 0 POSTAGE/BOLLO 7 0 0 TOTAL 482,705 86,832 0</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9</FormAndLineReferenceDesc>
        <ExplanationTxt>TRANSFERS 97,952 PRIOR PERIOD ADJ TO AGREE WITH PRIOR YEAR 990 228,834 OTHER INCREASES 2,539 TOTAL 329,325</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>