2024-01-23T09:27:49-06:00 2023-04-30 010463013 Purdy Powers & Company 130 Middle Street Portland ME 04101 990 2022-05-01 204984268 Institute for Doctoral Studies in the Visual Arts INST 2078798757 795 Congress Street Portland ME 04102 George E Smith President 2078798757 2024-01-17 1 George Smith XXX-XX-XXXX 1 Maria Happnie CPA P01793776 2077753496 2024-01-17 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z George E Smith 795 Congress Street Portland ME 04102 2437797 0 X idsva.edu X 2006 ME To operate a school of graduate studies providing education in philosophy, aesthetics, art theory, and similar disciplines related to the visual arts. 9 9 7 9 0 0 77208 26820 1800930 2403753 4856 0 708 7224 1883702 2437797 557194 831600 0 0 840109 866934 0 0 165238 397608 669159 1794911 2367693 88791 70104 2196695 2135139 327849 158708 1868846 1976431 To operate a school of graduate studies providing education in philosophy, aesthetics, art theory, and similar disciplines related to the visual arts. 0 0 1841222 831600 2410977 The provision of doctoral studies to holders of the MFA or the master's degree in a related field, the conferring of PhD degrees, and otherwise providing education and training related to the arts. The Institute had approximately 52 full-time equivalent students during 2022-2023. 1841222 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 42 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 1 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 1 1 0 X X Amy Curtis 2078798757 795 Congress Street Portland ME 04102 Paul McDonald Chair & Treasurer 1.00 X X 0 0 0 Jonathan Koperniak Director 1.00 X 0 0 0 Deborah Willis Director 1.00 X 0 0 0 Edgar Coons Director 1.00 X 0 0 0 Mildred Glimcher Director 1.00 X 0 0 0 Ben Devine Director 1.00 X 0 0 0 Dorit Yaron Secretary 1.00 X X 0 0 0 Sarah Harrison Smith Director 1.00 X 0 0 0 John Rajchman Director 1.00 X 0 0 0 George E Smith President 40.00 X 203297 0 16776 Amy Curtis Executive VP 40.00 X 145317 0 17676 348614 0 34452 2 0 1 0 0 26820 26820 Doctorate Program 611600 2403753 2403753 2403753 Other Revenue 900099 7224 7224 7224 2437797 2410977 0 0 831600 831600 352464 64631 164508 123325 368116 330238 37878 18656 9936 5418 3302 80690 47131 20852 12707 47008 25036 13653 8319 365 365 23625 23625 24851 23160 1691 40619 39670 949 22167 1251 20916 25310 18070 7240 18864 18864 25718 1021 14490 10207 3153 349 2804 17670 1129 9768 6773 Residencies & Commencem 287974 286660 709 605 Faculty Fees 133350 133350 Books & Publications 20227 19944 283 Accreditation 10016 10016 15250 8046 7204 2367693 1841222 361233 165238 49454 34378 60000 0 71891 52189 20400 20400 197682 135449 4268 0 0 4268 1796268 1887455 1000 1000 2196695 2135139 70783 52604 257066 106104 327849 158708 X 776702 853873 1092144 1122558 1868846 1976431 2196695 2135139 70104 31187 6294 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1009544 60000 31614 1101158 851951 240000 -50907 -31500 1009544 718844 4435 128672 851951 601935 100000 16909 718844 600000 1935 601935 0.91216 0.08784 0 0 4268 4268 4268 X 1655856 31187 6294 37481 1618375 819422 819422 2437797 1548271 0 1548271 819422 819422 2367693 Part V, Line 4: A conservative percentage of the interest income from the principal will be used to fund the Edgar E. Coons, Jr. Professorship of New Philosophy. The principal will be conserved and invested in a manner to maintain its value, and this principal amount will be permanently restricted. Part X, Line 2: The Institute adopted the recognition requirements for uncertain income tax positions as required by generally accepted accounting principles, with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determinted that the income tax position will more-likely-than-not be sustained up on examination by taxing authorities. It is the opinion of management that the Institute had no uncertain positions that qualify for recognition or disclosure in the financial statments. Part XI, Line 4b - Other Adjustments: Scholarships Awarded Netted with Revenue 819,422. Part XII, Line 4b - Other Adjustments: Scholarships Awarded Netted with Revenue 819,422. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 The Organization publishes its racially nondiscriminatory policy through its website, which is the Organization's main media outreach for solicitation of students and to all parts of the general community it serves. Italy 0 6 Program Education 112068 France 0 2 Program Education 27505 Spain 0 2 Program Education 6075 Morocco 0 2 Program Education 8998 Mexico 0 5 Program Education 58468 0 17 0 0 0 17 213114 0 213114 0 0 0 0 0 0 Part III Accounting Method: Part 1, Line 3 - Activities per Region Region Expenditures Investments Italy $112,068 France $27,505 Spain $6,075 Morocco $8,998 Mexico $58,468 0 For visual arts education 62 831600 Part 1, Line 2 Scholarships are provided to students of the organization and records of the authorization are maintained. X X 0 0 0 0 0 0 0 0 0 George E Smith President 203297 0 0 0 0 0 5987 0 10789 0 220073 0 0 0 Amy Curtis Executive VP 145317 0 0 0 0 0 0 0 17676 0 162993 0 0 0 Form 990, Part VI, Section A, line 2 George Smith, President and Amy Curtis, Executive Vice President have a family relationship. Form 990, Part VI, Section B, line 11b The draft Form 990 is reviewed and approved by the Finance Committee, and then forwarded to the Board Chair. The Board Chair reviews and gives final approval. The Form 990 is then signed and filed. Form 990, Part VI, Section B, line 12c Conflicts of Interest are required to be disclosed and approved by board vote prior to a conflict of interest transaction. Conflicts of interest are disclosed annually. Form 990, Part VI, Section B, line 15 Compensation is set in the budget process by the Board of Directors. The process for determining compensation for the President and Executive VP includes a review and approval by independent persons, comparable data, and contemporaneous substantiation of the deliberation process. Currently it is believed that the salary is below that of comparable organizations as IDSVA is in the growth phase. Form 990, Part VI, Section C, line 19 The bylaws, which contain the conflict of interest policy, are published on the IDSVA website. Notice is given on the website that copies of Form 990 are available by request, with a contact email given. Form 990, Part XII, Line 2: The process has not changed from the prior year.