Institute for Doctoral Studies in the Visual Arts

EIN: 204984268 501(c)(3) Education

Portland, ME

Total Revenue
$2,820,416
Total Expenses
$2,713,873
Total Assets
$2,516,297
Net Assets
$2,396,178
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
ME
Principal Officer
Simonetta Moro
Phone
2078798757
Tax Period
2024-05-01 to 2025-04-30

Institute for Doctoral Studies in the Visual Arts, founded in 2006, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2024. Expenses of $2.7M left a modest 4% surplus.

Mission

To operate a school of graduate studies providing education in philosophy, aesthetics, art theory, and similar disciplines related to the visual arts.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $57,000
Program Service Revenue $2,678,602
Investment Income $76,933
Other Revenue $7,881
TOTAL REVENUE $2,820,416

Expense Breakdown

Grants Paid $976,182
Salaries & Benefits $961,479
Fundraising Expenses $169,254
Program Expenses $2,083,656
Other Expenses $776,212
TOTAL EXPENSES $2,713,873

Year-over-Year Comparison

2024 2023 Change
Revenue $2,820,416 $2,619,600 +0.1%
Expenses $2,713,873 $2,581,769 +0.1%
Net Income $106,543 $37,831 +1.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
7
Volunteers
10

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
5
$382,334
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Paul McDonald Co-Chair & Treasurer 1.00
Officer Director
$0 $0 $0
Jonathan Koperniak Director 1.00
Director
$0 $0 $0
Deborah Willis Director 1.00
Director
$0 $0 $0
Edgar Coons Jr Director 1.00
Director
$0 $0 $0
Sheila Devine Director 1.00
Director
$0 $0 $0
Dorit Yaron Secretary 1.00
Officer Director
$0 $0 $0
Sarah Harrison Smith Director 1.00
Director
$0 $0 $0
Diala Toure Director 1.00
Director
$0 $0 $0
Paul Armstrong Co-Chair 1.00
Officer Director
$0 $0 $0
Kathy Albrecht Director 1.00
Director
$0 $0 $0
Amy Curtis Chief Executive Officer 40.00
Officer
$171,674 $20,070 $191,744
Simonetta Moro President 40.00
Officer
$163,050 $27,540 $190,590
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $628,158 $759,533 $2,488,478 $-131,375
2025 $2,820,416 $2,713,873 $2,516,297 $106,543
2024 $2,619,600 $2,581,769 $2,320,019 $37,831
2023 $2,437,797 $2,367,693 $2,135,139 $70,104
2022 $1,883,702 $1,794,911 $2,196,695 $88,791
2021 $1,782,319 $1,639,514 $2,102,137 $142,805
2020 $1,653,328 $1,626,984 $1,635,768 $26,344
2019 $2,713,486 $1,655,669 $1,693,694 $1,057,817
2019 $2,713,486 $1,655,669 $1,693,694 $1,057,817
2018 $1,742,629 $1,657,293 $589,176 $85,336
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