2021-04-27T11:52:09-05:00 2020-06-30 561750124 BATCHELOR TILLERY & ROBERTS LLP 3605 GLENWOOD AVENUE SUITE 350 RALEIGH NC 27612 990 2019-07-01 311539757 SPOLETO STUDY ABROAD SPOL 8436960937 10600 BROWNSBURG PLACE RALEIGH NC 27613 JILL MUTI VICE PRESIDENT 8436960937 2021-04-27 1 KEITH A WASSERMAN P00072834 9197878212 2019 2022-09-23 18:48:47Z LORENZO MUTI 774 WHISPERING MARSH AVENUE CHARLESTON SC 29412 242111 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. 13 11 0 0 -21793 -21793 175634 28847 275325 65860 1477 2280 -3675 26891 448761 123878 0 0 0 0 0 0 0 0 0 331194 184848 331194 184848 117567 -60970 1900313 1935918 968562 1061757 931751 874161 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 81491 22740 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. 17202 43120 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. 3518 0 CHAMBER MUSIC PROGRAM THAT BRINGS CLASSICAL MUSIC'S MOST PROMISING YOUNG MUSICIANS TOGETHER FROM ALL PARTS OF THE WORLD FOR CONCERT PERFORMANCES OR SHORT RESIDENCIES IN BOTH ITALY AND THE U.S. 102211 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 15 0 1 0 1 1 1 IT 0 0 0 0 0 0 0 0 0 0 0 0 X 13 11 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 DOREEN KELLY DIRECTOR 0.50 X 0 0 0 KEVIN MACNEIL DIRECTOR 0.50 X 0 0 0 JAN GUFFIN DIRECTOR 0.50 X 0 0 0 ANNE WESTON DIRECTOR 0.50 X 0 0 0 MICHELE WILLIAMS 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 JILL MUTI SECRETARY 1.00 X 0 0 0 LORENZO MUTI TREASURER 3.00 X 0 0 0 LORENZO MUTI CO-PROGRAM MANAGER/DIRECTOR 30.00 X 0 0 0 JILL MUTI CO-PROGRAM MANAGER/DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 28847 8222 28847 EDUCATIONAL TOURS 900099 43120 43120 SUMMER STUDY 900099 22740 22740 65860 2241 2241 136902 110011 26891 26891 -21793 48684 8261 8222 39 39 39 123878 65860 -21793 50964 X 63533 17650 45883 7582 7582 10422 1851 8571 20448 20448 63674 50337 13337 1708 1708 2500 2500 CONCERT EXPENSES 3518 3518 DUES AND SUBSCRIPTIONS 3167 3167 MISCELLANEOUS EXPENSES 3166 3166 FOREIGN EXCHANGE LOSS 2389 2389 2741 2741 184848 102211 82637 0 284965 128082 226530 428606 99826 104963 215263 237550 81849 66630 991880 970087 1900313 1935918 9479 4711 200000 300900 759083 756146 968562 1061757 X 0 0 0 0 931751 874161 931751 874161 1900313 1935918 -60970 3380 0 X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 INVESTMENT IN PALAZZO LETI SRL 970087 970087 INTEREST PAYABLE BKSC 6146 DEFERRED RENT 750000 756146 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 SOLICIATION OF STUDENTS IS THROUGH BROCHURES, INTERNET WEBSITE AND PERSONAL CONTACT. ALL BROCHURES AND WEBSITES CONTAIN THE RACIALLY NONDISCRIMINATORY POLICY. EUROPE 0 0 PROGAM SERVICES STUDY ABROAD PROGRAM 81000 EUROPE 0 0 PROGAM SERVICES EDUCATIONAL TOURS 17000 EUROPE 0 0 PROGAM SERVICES CONCERTS 4000 EUROPE 0 0 UNRELATED BUSINESS COMMERCIAL RENTAL 110000 EUROPE 0 0 UNRELATED BUSINESS COMMERCIAL RENTAL 1041000 0 0 0 0 0 0 1253000 0 1253000 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 17,650. MANAGEMENT AND GENERAL EXPENSES 45,883. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 63,533.