THE INSTITUTE OF CLASSICAL ARCHITE… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

PETER LYDEN

Phone

2127309646

Tax Period

2023-01-01 to 2023-12-31

THE INSTITUTE OF CLASSICAL ARCHITECTURE AND ART INC, founded in 1996, is a community nonprofit in the Education sector that reported $6.2M in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 39% operating margin.

Mission

THE ICAA'S MISSION IS TO ADVANCE THE APPRECIATION AND PRACTICE OF THE PRINCIPLES OF TRADITIONAL ARCHITECTURE AND ITS ALLIED ARTS BY ENGAGING EDUCATORS, PROFESSIONALS, STUDENTS, AND ENTHUSIASTS THROUGH EDUCATION, PUBLICATIONS, AND AWARDS PROGRAMS IN NEW YORK CITY AND ACROSS ITS 15 CHAPTERS.

Program Service Accomplishments

Program 1

Expenses: $988,498 Revenue: $286,277

THE INSTITUTE OF CLASSICAL ARCHITECTURE AND ART (ICAA) IS THE LEADING NATIONAL NONPROFIT EDUCATIONAL ORGANIZATION DEDICATED TO ADVANCING THE PRACTICE AND APPRECIATION OF THE CLASSICAL TRADITION IN...

THE INSTITUTE OF CLASSICAL ARCHITECTURE AND ART (ICAA) IS THE LEADING NATIONAL NONPROFIT EDUCATIONAL ORGANIZATION DEDICATED TO ADVANCING THE PRACTICE AND APPRECIATION OF THE CLASSICAL TRADITION IN ARCHITECTURE, URBANISM, AND THE ALLIED ARTS. UNDER THE HEADING ACADEMIC PROGRAMS THE ICAA HAS DEVELOPED A WIDE VARIETY OF VIRTUAL AND IN-PERSON COURSE OFFERINGS, INCLUDING STUDIO-BASED SEMINARS, INTENSIVES, LECTURES, AND TRAVEL DRAWING TOURS. BY OFFERING A VARIETY OF PROGRAMS THAT ARE ACCESSIBLE TO PRACTICING PROFESSIONALS, STUDENTS, AND ENTHUSIASTS, THE ICAA AIMS TO EDUCATE ALL INDIVIDUALS INTERESTED IN MASTERING THE LANGUAGE OF CLASSICAL DESIGN.

Program 2

Expenses: $723,199

THE ICAA HAS PROFESSIONAL AND GENERAL MEMBERSHIPS. MEMBERSHIP INCLUDES ACCESS TO LECTURES, PRIVATE TOURS, PUBLICATIONS, CONTINUING EDUCATION, DYNAMIC CLASSES, AND OTHER EVENTS SPECIALLY CURATED BY...

THE ICAA HAS PROFESSIONAL AND GENERAL MEMBERSHIPS. MEMBERSHIP INCLUDES ACCESS TO LECTURES, PRIVATE TOURS, PUBLICATIONS, CONTINUING EDUCATION, DYNAMIC CLASSES, AND OTHER EVENTS SPECIALLY CURATED BY THE ORGANIZATION. FOR PROFESSIONALS, WE OFFER THE ADDED BENEFIT OF LISTING ON OUR WEBSITE AND IN A PRINTED PROFESSIONAL DIRECTORY. OUR MEMBERS INCLUDE MORE THAN 3,000 PROFESSIONAL FIRMS AND INDIVIDUALS WITH OVER 18,000 SUBSCRIBERS. OUR PROFESSIONAL MEMBERS INCLUDE MANY OF THE TOP 100 CLASSICAL ARCHITECTS IN PRACTICE TODAY, AND MANY NOTABLE MEMBERS IN INTERIOR DESIGN, LANDSCAPE DESIGN, AS WELL AS FINE ARTISTS, ARTISANS, MANUFACTURERS, AND CONSTRUCTION.

Program 3

Expenses: $342,245 Revenue: $17,678

COMMUNICATIONS OCCUPY AN IMPORTANT ROLE IN THE ICAA, AS ILLUSTRATED BY THE POPULARITY OF ITS RECENTLY REDESIGNED WEBSITE, WWW.CLASSICIST.ORG, THE READERSHIP AND INTEREST IN THE CLASSICIST, THE ICAA'S ANNUAL ARCHITECTURAL JOURNAL, AND THE BOOKS REPRINTED THROUGH THE CLASSICAL AMERICA SERIES IN ART AND ARCHITECTURE, IN ADDITION TO OUR EXPANDED EFFORTS ON SOCIAL MEDIA, THROUGH INSTAGRAM, TWITTER, AND FACEBOOK. IN RECENT YEARS, THE ICAA HAS ALSO DEVELOPED AN EXTENSIVE VIDEO PROGRAM, TAPING NEARLY ALL PUBLIC PROGRAMS AND CREATING ORIGINAL CONTENT, INCLUDING THE DOCUMENTARY SERIES, DESIGN IN MIND, WHICH IS AIRED ON PBS AFFILIATES NATION-WIDE. WHILE DAY- TO-DAY COMMUNICATIONS, INCLUDING THE ICAA'S PRESS EFFORTS AND ONLINE PRESENCE ARE MANAGED BY STAFF, SPECIAL PROJECTS, THE CLASSICIST, AND BOOKS ARE OVERSEEN BY COMMITTEES OF THE BOARD, ACTIVE VOLUNTEER GROUPS WHICH ARE COMPOSED OF BOARD MEMBERS, STAFF, AND PROFESSIONALS IN THE FIELD. THE COMMUNICATIONS COMMITTEE, A STANDING COMMITTEE TASKED WITH AD-HOC COMMUNICATIONS PROJECTS, HAS HELPED TO DEVELOP A CONTENT MANAGEMENT PLAN AND PROVIDES GUIDANCE ON BRANDING AND OTHER COMMUNICATIONS. THE CLASSICIST COMMITTEE SELECTS CONTENT AND OVERSEES DESIGN OF THE ANNUAL, PEER-REVIEWED JOURNAL, THE CLASSICIST, WHICH PROVIDES A FORUM FOR CONTEMPORARY IDEAS AND PRACTICE RELATED TO THE CLASSICAL TRADITION IN ARCHITECTURE AND THE ALLIED ARTS, AS WELL AS FEATURING PORTFOLIOS OF WORK BY PROFESSIONALS AND STUDENTS OF CLASSICISM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,876,395

Program Service Revenue $303,955

Investment Income $105,707

Other Revenue $-42,068

TOTAL REVENUE $6,243,989

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,727,497

Fundraising Expenses $482,802

Program Expenses $2,889,333

Other Expenses $2,071,615

TOTAL EXPENSES $3,799,112

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,243,989	$3,659,027	+0.7%
Expenses	$3,799,112	$3,400,573	+0.1%
Net Income	$2,444,877	$258,454	+8.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$370,080

Total Directors