Overview
What is American Academy In Rome?
The American Academy in Rome is a renowned nonprofit institution based in New York City, specifically at 535 West 22nd Street in the heart of Manhattan, New York, with a ZIP code of 10011. Its mission revolves around offering fellowships and residencies to individuals working in various fields, including architecture, ancient studies, design, historic preservation and conservation, landscape architecture, literature, medieval studies, modern Italian studies, musical composition, renaissance and early modern studies, and visual arts. Through its Rome Prize Fellowship Program, the Academy supports thirty-one fellows annually, allowing them to work independently on their projects for durations ranging from five months to two years. Additionally, the Academy accommodates twelve residents, esteemed artists and scholars who reside at the Academy for up to four months, twenty-one affiliated fellows chosen by sponsoring institutions, and five Italian fellows, who are selected by the Academy to stay for periods of three or four months. In essence, the American Academy in Rome fosters a vibrant and dynamic international community in Rome, where innovative artists and scholars come together to collaborate, learn, and grow. The Academy's total workforce consists of approximately 23 dedicated individuals.
Official website here: www.aarome.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The American Academy In Rome has received a strong Four-Star rating from Charity Navigator, reflecting its high standards in financial health and transparency. With an impressive score of 96%, the organization showcases excellent governance, featuring a fully independent board with 94% of its members independent, which supports effective oversight and decision-making.
Notable strengths include a solid financial framework with a program expense ratio of nearly 69%, indicating a commitment to its mission-driven activities. Additionally, the academy maintains a favorable fundraising efficiency ratio of $0.21, suggesting that it effectively raises funds relative to its expenses. The organization’s audit and oversight practices are also commendable, with no material diversion of assets reported.
While the organization boasts numerous strengths, it is important for potential donors and stakeholders to remain engaged and informed about ongoing efforts and impact. Overall, the American Academy In Rome exemplifies a well-managed nonprofit with a focus on accountability and mission fulfillment.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about American Academy In Rome?
96% of 207 reviewers on Facebook recommend the American Academy in Rome. Here is a summary of their reviews:
Many individuals express gratitude for the transformative experience they had while attending the academy. A former fellow reflects on their time in the 1980s, highlighting the supportive environment that fostered artistic growth and experimentation. The inspiring setting of Rome and interaction with a diverse group of artists have been repeatedly mentioned as significant factors contributing to a deepened creative process and overall career advancement.
Overall, the sentiment is overwhelmingly positive, with users appreciative of the opportunities for personal and professional growth that the academy provides. The American Academy in Rome is seen as a vital resource that effectively supports artists and scholars in their pursuits.
This AI summary has been generated from reviews found on Facebook.
Is American Academy In Rome legitimate?
American Academy In Rome is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Academy In Rome submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $974,476
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,340,628
For more financial information, click here
Official website here: www.aarome.org
What is the mission statement of American Academy In Rome?
The American Academy in Rome fosters a vibrant community for innovative artists and scholars by providing them with opportunities to live and work together. Through its annual Rome Prize Fellowship Program, the academy supports individuals in various disciplines, including architecture, ancient studies, design, and more, for periods ranging from five months to two years. In addition to these fellowships, the academy welcomes eminent artists and scholars, affiliated fellows, and Italian fellows into its community for shorter stays. All residents and fellows pursue their individual projects within the academy, contributing to a dynamic international environment.
Official website here: www.aarome.org
Who is the CEO of American Academy In Rome?
Peter N Miller is the CEO of American Academy In Rome The CEO's salary of American Academy In Rome is $0 and their total compensation is $0.
Official website here: www.aarome.org
What is the revenue of American Academy In Rome?
American Academy In Rome's revenue in 2023 was $12,461,199.
Official website here: www.aarome.org
Who are the executives of American Academy In Rome and what are their salaries?
The average compensation at American Academy In Rome during 2023 was $196,856. There are 27 employees and 60 volunteers at American Academy In Rome.
Here are 54 key members and their salaries (American Academy In Rome's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.aarome.org
Where can I find the form 990 for American Academy In Rome?
American Academy In Rome's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.aarome.org
Learn more at the official website: www.aarome.org
Mission Statement of American Academy In Rome
The American Academy in Rome is a prestigious institution that fosters creativity and innovation among artists and scholars by providing them with the opportunity to live and work together in an international community. Situated in Rome, this esteemed organization supports thirty-one fellows annually, who are engaged in various disciplines such as architecture, ancient studies, design, historic preservation and conservation, landscape architecture, literature, medieval studies, modern Italian studies, musical composition, renaissance and early modern studies, and visual arts. These fellows are granted the freedom to pursue their independent projects for durations ranging from five months to two years.
Beyond the fellowship program, the American Academy in Rome also welcomes twelve resident artists and scholars, distinguished individuals who stay at the academy for periods of up to four months. Moreover, twenty-one affiliated fellows are selected by sponsoring institutions, and five Italian fellows are chosen by the academy to reside there for periods of three or four months. Collectively, these individuals create a dynamic and diverse community, where the exchange of ideas and collaboration lead to groundbreaking discoveries and artistic creations.
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Impact
October, 2024
The American Academy in Rome fosters a vibrant community of innovative artists and scholars who collaborate and develop their work in an inspiring international setting. By offering fellowships and residencies, the Academy empowers individuals across diverse fields such as architecture, literature, music, and the visual arts. Each year, the Rome Prize Fellowship Program supports numerous fellows who engage in independent projects, allowing them a significant period—ranging from five months to two years—to immerse themselves in their creative or scholarly pursuits.
The Academy also welcomes eminent artists and scholars who reside for shorter durations, enriching the community dynamic with their expertise and experience. This blend of established and emerging talent cultivates an environment of collaboration and exchange that significantly enhances the cultural landscape both in Rome and globally. Moreover, by connecting affiliated fellows and Italian scholars with this community, the Academy contributes to a rich dialogue that spans disciplines and borders.
Ultimately, the American Academy in Rome plays a crucial role in advancing knowledge, encouraging artistic innovation, and preserving cultural heritage, thereby leaving a lasting impact on contemporary arts and scholarship.
This information is meant to be a general summary of American Academy In Rome. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,094,931
- Program Service Revenue: $2,338,855
- Gross Receipts: $22,687,506
Assets and Liabilities:
- Total Assets: $145,667,565
- Total Liabilities: $11,636,241
- Net Assets: $134,031,324
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM RENTAL INCOME
Revenue
$1,890,641
TUITION & FEES
Revenue
$448,214
Organization Details
Founding Year
1894
Principal Officer
Peter N Miller
Website
www.aarome.orgNTEE Category
Code: Q22Z - International
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