2025-07-15T16:05:45-05:00 2024-08-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2023-09-01 131623881 AMERICAN ACADEMY IN ROME AMER 2127517200 535 WEST 22ND STREET NEW YORK NY 10011 TARA MIA PAONE CHIEF FINANCIAL AND ADMIN OFFICER 2127517200 2025-07-15 1 0 JENNIFER COATES P00298107 2126972299 2023 2025-03-06 01:10:19Z PETER N MILLER 535 WEST 22ND STREET NEW YORK NY 10011 48370785 0 X WWW.AAROME.ORG X 1894 DC SEE SCHEDULE OTHE AMERICAN ACADEMY IN ROME IS A RESIDENTIAL INSTITUTE FOR ADVANCED WORK IN THE ARTS AND HUMANITIES. 40 38 25 54 -898 0 8407342 9930395 2338855 2604919 1434171 9932138 280831 111007 12461199 22578459 844150 865525 0 0 6234989 6544174 0 0 2072202 7575313 7316217 14654452 14725916 -2193253 7852543 154882651 169349327 12632605 11509808 142250046 157839519 X THE AMERICAN ACADEMY IN ROME IS A RESIDENTIAL INSTITUTE FOR ADVANCED WORK IN THE ARTS AND HUMANITIES. 0 0 5746173 865525 2604919 FELLOWSHIPS AND RESIDENCIES:EACH YEAR THE ACADEMY CONVENES IN ROME A DYNAMIC INTERNATIONAL COMMUNITY OF OVER 100 ARTISTS AND SCHOLARS, LARGELY AMERICAN, TO WORK TOGETHER ACROSS AT LEAST 13 FIELDS FROM ANCIENT STUDIES TO VISUAL ART. IN ADDITION TO SUPPORTING THEIR WORK WITH AN 11 ACRE, 9 BUILDING CAMPUS, THE ACADEMY ORGANIZES A PROGRAM OF RESEARCH EVENTS AND EXHIBITIONS FOR THE SCHOLARLY AND GENERAL PUBLIC. 1636646 OTHER RESIDENTIAL PROGRAMS:THE ACADEMY COMMUNITY INCLUDED 78 VISITING ARTISTS AND SCHOLARS WHO RENT ROOMS, APARTMENTS, STUDY SPACES, AND STUDIOS WHILE PURSUING THEIR RESEARCH IN ROME. 1687446 ARTHUR AND JANET C. ROSS LIBRARY:WITH OVER 180,000 TITLES CONCENTRATING ON ANCIENT STUDIES AND ITS ART AND ARCHITECTURAL HISTORICAL AFTERLIVES, THE LIBRARY IS A RESOURCE FOR ALL THOSE IN ROME WHO WORK WITH SPECIFIC INTERESTS IN GREEK AND LATIN LITERATURE AND MEDITERRANEAN ARCHAEOLOGY. THE PHOTOGRAPHIC ARCHIVE HOLDS OVER 100,000 IMAGES ACROSS SPECIALIZED COLLECTIONS DOCUMENTING ARCHAEOLOGY, ARCHITECTURE, ART, LANDSCAPE DESIGN, AND CONTEMPORARY PHOTOGRAPHY, ALONG WITH AN EXTENSIVE VISUAL RECORD OF THE ACADEMY'S HISTORY. THE NORTON-VAN BUREN ARCHAEOLOGICAL STUDY COLLECTION COMPRISES 9,000 ARTIFACTS-FROM GREEK 8TH CENTURY BCE TO LATE ROMAN COMMON WARE, AS WELL AS OVER 200 GREEK AND LATIN INSCRIPTIONS-OFFERING ONE OF THE LARGEST PRIVATELY-OWNED COLLECTIONS OF ANCIENT ARTIFACTS FOR SCHOLARLY RESEARCH. 1685989 ARTS AND HUMANITIES EVENTS, SUMMER PROGRAMS, PUBLICATIONS AND OTHER PROGRAMS. 1685989 10756254 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 0 1 0 1 1 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 2 0 1 25 1 1 1 1 IT 0 0 0 1 1 0 0 0 0 0 0 X 40 38 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X TARA MIA PAONE 2127517200 535 WEST 22ND STREET NEW YORK NY 10011 CALVIN TSAO CHAIR 5.00 X X 0 0 0 ALESSIA ANTINORI VICE-CHAIR 2.00 X X 0 0 0 WILLIAM M CAMERON TREASURER 2.00 X X 0 0 0 ALEXANDRA MUNROE SECRETARY 2.00 X X 0 0 0 MARK ROBBINS PRESIDENT & CEO 30.00 X X 506711 0 55188 PETER N MILLER PRESIDENT & CEO 50.00 X X 258462 0 20677 TARA MIA PAONE CHIEF FINANCIAL AND ADMINISTRATIVE OFFICER 50.00 X 259723 0 41718 SHADI BARTSCH-ZIMMER TRUSTEE 1.00 X 0 0 0 SUSANNA BORGHESE TRUSTEE 1.00 X 0 0 0 JIM BRENNAN TRUSTEE 1.00 X 0 0 0 T COREY BRENNAN TRUSTEE 1.00 X 0 0 0 MARTIN BRODY TRUSTEE 1.00 X 0 0 0 MARY BURNHAM TRUSTEE 1.00 X 0 0 0 MARILYNN A DAVIS TRUSTEE 1.00 X 0 0 0 SHARON DAVIS TRUSTEE 1.00 X 0 0 0 GINEVRA ELKANN GAETANI TRUSTEE 1.00 X 0 0 0 STEPHEN GREENBLATT TRUSTEE 1.00 X 0 0 0 ANN HAMILTON TRUSTEE 1.00 X 0 0 0 GUY HEDREEN TRUSTEE 1.00 X 0 0 0 PHU HOANG TRUSTEE 1.00 X 0 0 0 MICHELLE HOBART TRUSTEE 1.00 X 0 0 0 HENRY P JOHNSON TRUSTEE 1.00 X 0 0 0 DAVID I KERTZER TRUSTEE 1.00 X 0 0 0 DAVID A LANG TRUSTEE 1.00 X 0 0 0 ANNE WELSH MCNULTY TRUSTEE 1.00 X 0 0 0 SIMON D MORDANT TRUSTEE 1.00 X 0 0 0 NICO MUHLY TRUSTEE 1.00 X 0 0 0 FRANCINE C PROSE TRUSTEE 1.00 X 0 0 0 SLOBODAN RANDJELOVIC TRUSTEE 1.00 X 0 0 0 KATHARINE J RAYNER TRUSTEE 1.00 X 0 0 0 JOHN F W ROGERS TRUSTEE 1.00 X 0 0 0 FRANCESCO STARACE TRUSTEE 1.00 X 0 0 0 COLE FRATES TRUSTEE 1.00 X 0 0 0 DAVID M STONE TRUSTEE 1.00 X 0 0 0 MICHAEL STRAUS TRUSTEE 1.00 X 0 0 0 MARIA TERESA VENTURINI FENDI TRUSTEE 1.00 X 0 0 0 SUZY WAHBA TRUSTEE 1.00 X 0 0 0 CARRIE MAE WEEMS TRUSTEE 1.00 X 0 0 0 ADAM D WEINBERG TRUSTEE 1.00 X 0 0 0 SYDNEY H WEINBURG TRUSTEE 1.00 X 0 0 0 CHARLES K WILLIAMS II TRUSTEE 1.00 X 0 0 0 TOD C WILLIAMS TRUSTEE 1.00 X 0 0 0 MICHAEL CJ PUTNAM TRUSTEE 1.00 X 0 0 0 ALIZA WONG TRUSTEE. DIRECTOR IN ROME 50.00 X 0 0 0 ELIZABETH HARRIS DIRECTOR OF DEVELOPMENT 50.00 X 159196 0 31223 ANDREW MITCHELL COMMUNICATIONS DIRECTOR 50.00 X 113724 0 25287 PAOLA GAETANI GENERAL MANAGER 50.00 X 390367 0 47971 SEBASTIAN HIERL DRUE HEINZ LIBRARIAN 50.00 X 130965 0 58628 SALLY BENNER CHIEF DEVELOPMENT OFFICER 50.00 X 147454 0 30540 1966602 0 311232 8 0 1 0 ARKUS INC 10 TIMES SQ 6TH FLOOR NEW YORK NY 10018 BUSINESS MANAGEMENT CONSULTING 158691 MONTICELLO ASSOCIATES 1800 LARIMER STREET DENVER CO 80202 INVESTMENT MANAGEMENT 125000 BLACKBAUD INC 65 FAIRCHILD STREET CHARLESTON SC 29492 CLOUD COMPUTING PROVIDER 100098 3 1816444 768864 7345087 446111 9930395 PROGRAM RENTAL INCOME 711190 2037593 2037593 TUITION & FEES 611710 567326 567326 2604919 1480140 -898 1481038 919281 817967 101314 101314 101314 33217017 24765019 8451998 8451998 8451998 209340 1816444 209340 0 OTHER REVENUE 900099 9693 9693 9693 22578459 2604919 -898 10044043 X 806225 806225 59300 59300 855591 569085 129750 156756 4470915 2973772 678012 819131 135400 90060 20533 24807 194121 129117 29438 35566 888147 590740 134686 162721 112793 2430 110363 57023 57023 125000 125000 2322248 1522893 349650 449705 7654 6131 1335 188 869282 782709 14128 72445 70052 52256 7655 10141 1864585 1563147 89966 211472 475687 286593 126772 62322 20551 20447 104 1145993 1140713 2223 3057 GALA EVENT EXPENSES 142163 94750 19534 27879 MISCELLANEOUS 103186 65886 1288 36012 14725916 10756254 1897460 2072202 3071069 3173384 4119556 4459190 1402862 1062410 39775770 25344994 14162472 14430776 52111292 63602512 72701955 75708245 7313445 6912810 154882651 169349327 3525890 2815237 379256 378813 8727459 8315758 12632605 11509808 X 34038139 35163267 108211907 122676252 142250046 157839519 154882651 169349327 X 7852543 7511823 225107 X 0 1 X 1 0 X 4696341 5108470 11524051 8315405 9930395 39574662 4696341 5108470 11524051 8315405 9930395 39574662 6242923 33331739 1422059 1422930 469630 1326676 1581454 6222749 7766 2606 36077 46449 1967 42197 1742 49086 9693 104685 45948545 9524242 0.72540 0.70820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 117235634 3620829 17262804 865525 6178761 131074981 108677774 2975422 11838677 844150 5412089 117235634 129822765 2530310 -16917270 811640 5946391 108677774 112138931 351257 22971160 563644 5074939 129822765 108343073 1208644 7971228 843729 4540285 112138931 0.14686 0.54590 0.30724 0 0 39775770 25344994 14430776 14430776 DAVIDSON KEMPNER INSTITUTIONAL PARTNERS,LP 5947156 F NEW CENTURY HOLDINGS XI,LP 57657 F FARALLON CAPITAL INSTITUTIONAL PARTNERS,LP 7225321 F FARALLON SPECIAL 1520712 F REDWOOD 1760499 F TACONIC OPPORTUNITY OFFSHORE FUND, LTD 5035573 F MW EUREKA FUND 5066299 F BAKER BROTHERS HCIF FUND 2302258 F CEVIAN CAPITAL II, LTD 7962335 F GQG EMERGING MARKETS EQUITY FUND 4787628 F CANYON DISTRESSED OPPORTUNITY FUND III 1901714 F DURABLE CAPITAL OFFSHORE FUND, LTD 4583846 F SHERIDAN SQUARE OFFSHORE FUND 3926189 F JUNTO OFFSHORE FUND, LTD 5647650 F RENAISSANCE INSTITUTIONAL DIVERSIFIED ALPHA FUND, LLC 3452681 F LEXINGTON CAPITAL PARTNERS IX, LP 2041391 F LEXINGTON CAPITAL PARTNERS X, LP 729993 F WHALE ROCK HYBRID FUND, LTD. 1416682 F DURABLE CAPITAL OPPORTUNITIES OFFSHORE FUND, LTD 208115 F TIGER GLOBAL 643623 F DAVIDSON KEMPNER OPP INTERNATIONAL PARTNERS VI,LP 795983 F KINDERHOOK CAPITAL FUND 2100594 F ARROWSTREET CAPITAL GLOBAL 6594346 F 75708245 SEVERANCE LIABILITIES 818791 OTHER LIABILITIES 11118 OPERATING LEASE LIABILITIES 7140889 REFUNDABLE ADVANCES 344960 8315758 30190389 7511823 225107 7736930 22453459 125000 125000 22578459 14600916 0 14600916 125000 125000 14725916 PART III, LINE 4: THE ARTHUR AND JANET C. ROSS LIBRARY OF THE AMERICAN ACADEMY IN ROME CONTAINS OVER 180,000 VOLUMES IN THE FIELDS OF CLASSICAL STUDIES, AND THE HISTORY OF ART AND ARCHITECTURE. ESPECIALLY STRONG, ARE THE COLLECTIONS IN ANCIENT MEDITERRANEAN ARCHAEOLOGY AND ART, GREEK AND LATIN LITERATURE, ANCIENT TOPOGRAPHY (INCLUDING THE HISTORY OF THE CITY OF ROME), ANCIENT RELIGIONS, AND RELATED FIELDS SUCH AS EPIGRAPHY, NUMISMATICS AND PAPYROLOGY. THE RARE BOOK COLLECTION COMPRISES CHIEFLY 16TH-18TH CENTURY IMPRINTS IN CLASSICAL STUDIES, ARCHAEOLOGY, ART AND ARCHITECTURE, INCLUDING SIZEABLE COLLECTIONS OF ROMAN GUIDEBOOKS AND EARLY ART TREATISES. THE PHOTOGRAPHIC ARCHIVE OF THE AMERICAN ACADEMY IN ROME CONSISTS OF SEVERAL VALUABLE AND SPECIALIZED COLLECTIONS OF PHOTOGRAPHS ON ARCHAEOLOGY, ARCHITECTURE AND ART, AS WELL AS LANDSCAPE ARCHITECTURE AND GARDENS. IT ALSO INCLUDES SPECIAL COLLECTIONS IMPORTANT TO THE HISTORY OF THE ACADEMY. THE AMERICAN ACADEMY IN ROME MAINTAINS A SMALL BUT VARIED COLLECTION OF ARCHAEOLOGICAL ARTIFACTS AVAILABLE FOR STUDY. THE COLLECTION INCLUDES POTTERY, FROM GREEK GEOMETRIC VASES OF THE EIGHTH CENTURY BC TO ROMAN COMMON WARE OF THE LATER EMPIRE, ARCHITECTURAL TERRACOTTAS, CINERARY URNS, VOTIVE OBJECTS, JEWELRY, COINS, OIL LAMPS, ALL SORTS OF SCULPTURE (IN TERRACOTTA AND STONE, IN RELIEF AND IN THE ROUND), ETRUSCAN MIRRORS, AND SAMPLES OF THE MOST IMPORTANT ANCIENT MARBLE TYPES. THESE MATERIALS ARE USED FOR EDUCATION, STUDY, AND RESEARCH PURPOSES. PART V, LINE 4: THE ENDOWMENT FUNDS GENERATE ONGOING SUPPORT FOR THE ACADEMY'S PROGRAMS. THE MAJORITY OF THE INCOME SUPPORTS THE COST OF FELLOWSHIPS AND RESIDENCIES, AS WELL AS THE OPERATION OF THE ACADEMY'S LIBRARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: FOREIGN CURRENCY TRANSLATION ADJUSTMENT 225,107. 0 EUROPE 1 46 PROGRAM SERVICES OPERATION OF RESIDENTIAL RESEARCH CENTER 7047108 EUROPE 1 3 MANAGEMENT AND GENERAL (JANUS, S.U.R.L.) 1866846 EUROPE 1 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 59300 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, INVESTMENTS - FORM 990, PART X, LINE 12 35155820 3 49 0 0 3 49 44129074 0 44129074 FELLOWSHIPS EUROPE 6 59300 BANK CHECK 0 0 0 0 0 0 PART I, LINE 2: STIPENDS AND SCHOLARSHIPS ARE AWARDED TO COVER EXPENSES WHILE PARTICIPATING IN ACADEMY PROGRAMS. NY GALA 1448614 1337535 111079 111079 ROME - GALA 577170 478909 98261 98261 2025784 1816444 209340 209340 209340 0 1 FELLOWSHIPS 66 770225 EDUCATIONAL 4 36000 PART I, LINE 2: STIPENDS AND SCHOLARSHIPS ARE AWARDED TO COVER EXPENSES WHILE PARTICIPATING IN ACADEMY PROGRAMS. IN ORDER TO RECEIVE THE AWARDS, THE RECIPIENTS MUST BE ON SITE AT THE ACADEMY. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 MARK ROBBINS PRESIDENT & CEO 506711 0 0 0 0 0 40537 0 14651 0 561899 0 0 0 PETER N MILLER PRESIDENT & CEO 258462 0 0 0 0 0 20677 0 0 0 279139 0 0 0 TARA MIA PAONE CHIEF FINANCIAL AND ADMINISTRATIVE O 259073 0 0 0 650 0 21196 0 20522 0 301441 0 0 0 ELIZABETH HARRIS DIRECTOR OF DEVELOPMENT 158546 0 0 0 650 0 12972 0 18251 0 190419 0 0 0 PAOLA GAETANI GENERAL MANAGER 390367 0 0 0 0 0 47971 0 0 0 438338 0 0 0 SEBASTIAN HIERL DRUE HEINZ LIBRARIAN 130965 0 0 0 0 0 58628 0 0 0 189593 0 0 0 SALLY BENNER CHIEF DEVELOPMENT OFFICER 146804 0 0 0 650 0 12051 0 18489 0 177994 0 0 0 PART I, LINE 1A HOUSING IS PROVIDED TO THE ACADEMY'S RESIDENTIAL OFFICERS, WHO SERVE FOR FIXED TERMS AND ARE GENERALLY FROM THE U.S. AND MAY BE SECONDED BY U.S. UNIVERSITIES. THE PRESIDENT OF THE ACADEMY RECEIVES PAID MEMBERSHIP IN TWO SOCIAL CLUBS IN WHICH MEMBERSHIP ALSO SERVES A RELATED BUSINESS PURPOSE FOR THE ACADEMY. X 8 446111 AVERAGE VALUE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 7A THE ACADEMY HAS AN ADVISORY COUNCIL TO THE COMMITTEE ON THE HUMANITIES. THE MEMBERS OF THE ADVISORY COUNCIL REPRESENT ACADEMIC INSTITUTIONS WHICH ANNUALLY CONTRIBUTE FUNDS TO THE ACADEMY. THE BOARD OF TRUSTEES ELECTS TO ITS NUMBER EVERY THREE YEARS FOR A THREE YEAR TERM A PERSON NOMINATED BY THE ADVISORY COUNCIL. THE BOARD ELECTS TO ITS NUMBER EVERY TWO YEARS FOR A TWO-YEAR TERM A PERSON ELECTED AS THE PRESIDENT OF THE COUNCIL OF THE SOCIETY OF FELLOWS. THE SOCIETY OF FELLOWS IS AN ORGANIZATION WHOSE MEMBERSHIP IS COMPRISED OF THOSE WHO HAVE BEEN AWARDED A FELLOWSHIP, AFFILIATED FELLOWSHIP, OR RESIDENCY AT THE AMERICAN ACADEMY IN ROME. ROME PRIZE WINNERS BECOME MEMBERS UPON COMPLETING THEIR TERM AT THE ACADEMY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE ACADEMY'S FINANCE TEAM AND A COPY OF THE FORM 990 IS DISTRIBUTED TO EACH MEMBER OF THE BOARD OF TRUSTEES. THE MEMBERS OF THE BOARD OF TRUSTEES ARE ASKED TO REVIEW THE FORM 990 AND IDENTIFY ANY QUESTIONS OR COMMENTS THEY HAVE REGARDING THE FORM 990 BEFORE ITS SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY AND CONFLICT DISCLOSURE FORM IS FURNISHED TO TRUSTEES AND STAFF MEMBERS WITH HIRING OR PURCHASING AUTHORITY ANNUALLY. MANAGEMENT COLLECTS AND REVIEWS DISCLOSURE FORMS, AND NO CONFLICTS WERE DISCLOSED FOR THIS PERIOD. DURING A COMMITTEE'S CONSIDERATION OF A MATTER, ANY PERSON WITH A CONFLICT OR POTENTIAL CONFLICT DISCLOSES THEIR CONFLICT, RECUSES THEMSELVES FROM THE DISCUSSION AND DECISION, AND RETIRES FROM THE MEETING IF NECESSARY. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S COMPENSATION IS REVIEWED BY A COMPENSATION COMMITTEE OF BOARD MEMBERS, INCLUDING THE CHAIRMAN OF THE BOARD. THE PRESIDENT'S PERFORMANCE AND COMPENSATION ARE REVIEWED ANNUALLY. THE COMPENSATION COMMITTEE REVIEWS EXECUTIVE COMPENSATION INFORMATION OBTAINED FROM OUTSIDE SOURCES SUCH AS SURVEYS AND FORM 990S FOR COMPARABLE ORGANIZATIONS, AND SETS THE PRESIDENT'S COMPENSATION. THE COMMITTEE ALSO REVIEWS A SCHEDULE OF OFFICERS AND KEY EMPLOYEES' COMPENSATION HISTORY AND ADVISES REGARDING THEIR COMPENSATION, WHICH IS SET BY THE PRESIDENT AFTER A PERFORMANCE EVALUATION. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE ORGANIZATION'S BY-LAWS, AUDITED FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER CONSULTING FEES: PROGRAM SERVICE EXPENSES 1,522,893. MANAGEMENT AND GENERAL EXPENSES 349,650. FUNDRAISING EXPENSES 449,705. TOTAL EXPENSES 2,322,248. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY TRANSLATION ADJUSTMENT 225,107. JANUS SURL LARGO DI PORTA S PANCRAZIO 1 ROME IT 00153 EVENT SPACE RENTAL IT 1794631 2054525 AMERICAN ACADEMY IN ROME