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Nonprofiteer
← THE PEACE STUDIO INC

Form 990 for tax year 2022

Filed by THE PEACE STUDIO INC.

Totals

Total revenue
$547,129
Total expenses
$1,171,707
Contributions and grants received
$546,985
Grants paid
$131,000
Program service revenue
$0
Investment income
$144
Other revenue
$0
Total assets, end of year
$236,471
Total liabilities, end of year
$7,415
Net assets or fund balances, end of year
$229,056
Program services expenses (Part IX)
$787,631
Management and general expenses
$356,516
Fundraising expenses
$27,560
Program service expenses (Part III)
$787,631

Program services were 67.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $546,985

  • 3 · Investment income

    total $144 · unrelated business $144

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $131,000 · program services $131,000

  • 7 · Other salaries and wages

    total $176,302 · program services $118,512 · management and general $53,644 · fundraising $4,146

  • 10 · Payroll taxes

    total $13,012 · program services $8,747 · management and general $3,959 · fundraising $306

  • 11c · Fees: accounting

    total $16,084 · program services $10,812 · management and general $4,894 · fundraising $378

  • 13 · Office expenses

    total $18,709 · program services $12,576 · management and general $5,692 · fundraising $441

  • 17 · Travel

    total $75,762 · program services $50,928 · management and general $23,052 · fundraising $1,782

  • 20 · Interest

    total $392 · program services $264 · management and general $119 · fundraising $9

  • 23 · Insurance

    total $8,077 · program services $5,429 · management and general $2,458 · fundraising $190

  • 24a · Other expenses: OUTSIDE SERVICES

    total $699,759 · program services $427,443 · management and general $252,776 · fundraising $19,540

  • 24b · Other expenses: MEAL

    total $13,716 · program services $9,219 · management and general $4,173 · fundraising $324

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $11,488 · program services $7,722 · management and general $3,496 · fundraising $270

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $4,585 · program services $3,082 · management and general $1,395 · fundraising $108

  • 24e · All other expenses

    total $2,821 · program services $1,897 · management and general $858 · fundraising $66

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $351,264 · end of year $236,471

  • 4 · Accounts receivable

    beginning of year $510,000 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $1,069

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,069

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,630 · end of year $7,415

  • 27 · Net assets without donor restrictions

    beginning of year $353,634 · end of year $229,056

  • 28 · Net assets with donor restrictions

    beginning of year $500,000 · end of year $0

Mission and programs · 2022

Mission

DEVELOP ARTISTS AND JOURNALISTS WHO SEEK TO INSPIRE HOPE AND CATALYZE TRANSFORMATIVE SOCIAL CHANGE. THE PEACE STUDIO DOES THIS BY ENCOURAGING SELF-REFLECTION, HOLDING EDUCATIONAL INTENSIVES AND SUMMITS, GIVING OUT AWARDS, FUNDING FELLOWSHIPS AND MICRO-GRANTS, AND CREATING CONTENT THAT SHOWCASES THE BEST OF HUMANITY.

  • THE PEACE STUDIO SERVED AS FISCAL SPONSOR TO SILVER LINING'S IMPACT 5X PROJECT, A PROGRAM WORKING TO HELP MORE SMALL BUSINESSES, INCLUDING ENTREPRENEURIAL ARTISTS, SUCCEED BY PROVIDING THEM WITH ACCESS TO THE SAME PEOPLE, PRODUCTS, AND SERVICES AS THEIR MORE PRIVILEGED COUNTERPARTS, EXPLORING WHEN COMMUNITY-SPECIFIC PROGRAMMING MAKES SENSE AND REFRAMING THE ENTREPRENEURIAL NARRATIVE TO OPEN HEARTS AND MINDS, COMBAT PREJUDICE, AND ACTIVATE ALL STAKEHOLDERS TO DO THEIR PART. THE PROGRAM IS DEEPLY MISSION ALIGNED WITH THE PEACE STUDIO'S EFFORT TO RESOURCE UNDERSERVED ARTISTS AND JOURNALISTS WORKING TO HAVE AN IMPACT IN THEIR LOCAL COMMUNITIES.

    Expenses $574,981

  • THE PEACE STUDIO FELLOWSHIP SUPPORTS THE WORK OF EXCEPTIONAL, U.S. BASED ARTISTS AND JOURNALISTS WHOSE WORK BUILDS BRIDGES AND SEEKS A POSITIVE IMPACT ON SOCIETY. THE PROGRAM COMES WITH $10,000 FOR EACH FELLOW TO WORK ON A PEACEBUILDING PROJECT, ACCESS TO THE PEACE STUDIO'S SKILLS FOR CREATIVE PEACEBUILDING CURRICULUM, AND INTENSIVE MENTORSHIP.

    Expenses $186,718 · Grants $130,000

  • THE PEACE STUDIO'S ARTIST AS CATALYST PROGRAM IS AN IMMERSIVE, WEEK-LONG EXPERIENCE FOR EMERGING ARTISTS, AGES 18-26, WHO ARE INTERESTED IN MAKING A POSITIVE SOCIAL IMPACT WITH THEIR ART. 40 YOUNG CATALYSTS ARE SELECTED EACH YEAR TO PARTAKE IN STUDIO CLASSES, KEYNOTE CONVERSATIONS, AND INTERACTIVE WORKSHOPS ON THE THEMES OF ARTISTRY, CITIZENSHIP, AND ENTREPRENEURSHIP.

    Expenses $25,932 · Grants $1,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Clauser

    PRESIDENT

    Total calculated
    $0
    Hours/week
    12
  • Sheldon Lyn

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Saundra Thomas

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Lis Wiehl

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Mariano Avila

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Roberta Baskin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jeremy Bernard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Wade Davis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Omar Epps

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Gates

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Manocherian

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Meredith Porte

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Judy Rodgers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Pulin Sanghvi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Todd Shuster

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Michael Skoler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Maya Soetoro

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • John Yearwood

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Thomas West

    EXECUTIVE DIRECTOR

    Total calculated
    $100,000
    From this org
    $100,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202323189349302017

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