2024-05-09T07:10:08-05:00 2023-06-30 561750124 BATCHELOR TILLERY & ROBERTS LLP 3605 GLENWOOD AVENUE SUITE 350 RALEIGH NC 27612 990 2022-07-01 311539757 SPOLETO STUDY ABROAD SPOL 8436960937 10600 BROWNSBURG PLACE RALEIGH NC 27613 JILL MUTI VICE PRESIDENT 8436960937 2024-05-08 1 JILL MUTI 999009999 0 KEITH A WASSERMAN P00072834 9197878212 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LORENZO MUTI 845 HARBOR PLACE DRIVE CHARLESTON SC 29412 708580 0 X WWW.SPOLETOSTUDYABROAD.COM X 1997 NC 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. 15 13 0 0 6742 348 61986 80396 117172 284332 1590 10532 22235 94242 202983 469502 0 0 0 0 0 0 0 0 0 163226 301365 163226 301365 39757 168137 1872261 1971435 1061965 966806 810296 1004629 SPOLETO STUDY ABROAD IS A COLLABORATIVE COMMUNITY OF ARTISTS AND SCHOLARS GATHERED TO EXPLORE IN DEPTH THE RICH CULTURAL HERITAGE OF CENTRAL ITALY WHILE FOSTERING INDIVIDUAL ARTISTIC, INTELLECTUAL AND PERSONAL GROWTH. 0 0 64363 110222 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. 130732 174110 ENRICHMENT PROGRAMS AND TOURS FOR ADULTS AND PROGRAMS DESIGNED TO MEET THE SPECIFIC CURRICULAR NEEDS AND INTERESTS OF A SCHOOL WISHING TO OFFER A SHORT-TERM STUDY ABROAD OPPORTUNITY IN ITALY TO THEIR OWN STUDENTS AND FACULTY. 195095 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 1 0 1 1 1 IT 0 0 0 0 0 0 0 0 0 0 0 0 X 15 13 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 0 0 X JANET MORRISON 8436960937 10600 BROWNSBURG PLACE RALEIGH NC 27613 X LORENZO MUTI PRESIDENT 1.00 X X 0 0 0 JILL MUTI VICE PRESIDENT 1.00 X X 0 0 0 ANTHONY SGRO BOARD PRESIDENT 0.50 X 0 0 0 KEVIN MACNEIL DIRECTOR 0.50 X 0 0 0 CYNTHIA LANDVATER DIRECTOR 0.50 X 0 0 0 ANNE WESTON DIRECTOR 0.50 X 0 0 0 JUDITH YARBROUGH DIRECTOR 0.50 X 0 0 0 KAREN PHILLIPS DIRECTOR 0.50 X 0 0 0 TALMADGE MANGUM DIRECTOR 0.50 X 0 0 0 ANNA WHITE HOSEA DIRECTOR 0.50 X 0 0 0 JONATHAN D COHEN DIRECTOR 0.50 X 0 0 0 JOYCE POPE DIRECTOR 0.50 X 0 0 0 BRIAN BAKER DIRECTOR 0.50 X 0 0 0 THOMAS MORRIS DIRECTOR 0.50 X 0 0 0 SARAH SPRINKLE DIRECTOR 0.50 X 0 0 0 JILL MUTI SECRETARY 1.00 X 0 0 0 LORENZO MUTI TREASURER 3.00 X 0 0 0 LORENZO MUTI CO-PROGRAM MANAGER/DIRECTO 30.00 X 0 0 0 JILL MUTI CO-PROGRAM MANAGER/DIRECTO 1.00 X 0 0 0 0 0 0 0 0 0 0 0 80396 80396 EDUCATIONAL TOURS 900099 174110 174110 SUMMER STUDY 900099 110222 110222 284332 10532 10532 333320 239078 94242 94242 6742 87500 469502 284332 6742 98032 X 1128 1128 79522 16940 62582 5224 5224 22279 11700 10579 9345 9345 144001 130946 13055 8005 8005 2500 2500 MISCELLANEOUS 13073 13073 ENTRANCE FEES 12858 12858 DUES AND SUBSCRIPTIONS 3197 3197 TIPS 233 233 301365 195095 106270 0 398493 467119 340258 346925 194656 195420 83797 100172 855057 861799 1872261 1971435 2887 0 200900 150900 858178 815906 1061965 966806 X 0 0 0 0 810296 1004629 810296 1004629 1872261 1971435 168137 26196 0 X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 INVESTMENT IN PALAZZO LETI SRL 861799 861799 DEFERRED RENT 750000 PREPAID TUITION 65906 815906 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 SEE SUPPLEMENTAL PAGE PART I, LINE 3 SOLICITATION OF STUDENTS IS THROUGH BROCHURES, INTERNET WEBSITE AND PERSONAL CONTACT. ALL BROCHURES AND WEBSITES CONTAIN THE RACIALLY NONDISCRIMINATORY POLICY. EUROPE 0 0 UNRELATED BUSINESS COMMERCIAL RENTAL 239000 EUROPE 0 0 UNRELATED BUSINESS COMMERCIAL RENTAL 1041000 0 0 0 0 0 0 1280000 0 1280000 0 0 0 0 0 0 PART III ACCOUNTING METHOD: PART I, LINE 3 METHOD OF ACCOUNTING: EXPENDITURES ARE REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. FORM 990, PART VI, SECTION A, LINE 2 FAMILY OR BUSINESS RELATIONSHIP: CO-PROGRAM MANAGERS/DIRECTORS LORENZO MUTI AND JILL MUTI ARE MARRIED. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS: THE BUSINESS MANAGER WORKS WITH THE ACCOUNTANT TO PREPARE FORM 990. THE DRAFT IS REVIEWED BY TWO MEMBERS OF THE GOVERNING BODY BEFORE THE FINAL COPY IS APPROVED. FORM 990, PART VI, SECTION B, LINE 12C MONITORING CONFLICTS OF INTEREST: EACH DIRECTOR, BEFORE TAKING HIS POSITION, IS REQUIRED TO DISCLOSE IN WRITING TO THE CHAIRMAN A LIST OF ALL BUSINESSES OR OTHER ORGANIZATIONS OF WHICH HE IS AN OFFICER, DIRECTOR, SHAREHOLDER, MEMBER, OWNER OR EMPLOYEE, OR FOR WHICH HE ACTS AS AN AGENT AND WITH WHICH THE CORPORATION HAS OR MIGHT REASONABLY IN THE FUTURE ENTER INTO A RELATIONSHIP OR A TRANSACTION IN WHICH THE DIRECTOR WOULD HAVE CONFLICTING INTERESTS. ANY DIRECTOR MAY RAISE AN ISSUE AS TO WHETHER OR NOT ANOTHER DIRECTOR HAS A CONFLICT OF INTEREST WITH RESPECT TO ANY MATTER COMING BEFORE THE BOARD, OR IF ANY MATTER SHOULD COME BEFORE THE BOARD OR ANY OF ITS COMMITTEES IN SUCH A WAY TO GIVE RISE TO A CONFLICT OF INTEREST, THE AFFECTED DIRECTOR SHALL MAKE KNOWN TO THE BOARD THE POTENTIAL CONFLICT AND SHALL ANSWER ANY QUESTIONS THAT MIGHT BE ASKED. THE BOARD SHALL DETERMINE WHETHER OR NOT A CONFLICT EXISTS. IF THE BOARD DETERMINES THAT A CONFLICT DOES EXIST, THE AFFECTED DIRECTOR SHALL BE EXCLUDED FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15A PROCESS FOR DETERMINING COMPENSATION: COMPENSATION FOR THE ORGANIZATION'S CO-DIRECTOR IS DETERMINED BY THE BOARD OF TRUSTEES AND VOTED ON ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 MAKING DOCUMENTS AVAILABLE TO THE PUBLIC: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 16,940. MANAGEMENT AND GENERAL EXPENSES 62,582. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 79,522.