Totals
- Total revenue
- $118,089
- Total expenses
- $138,007
- Contributions and grants received
- $114,129
- Grants paid
- $0
- Program service revenue
- $3,960
- Membership dues (line 3)
- not reported
- Investment income (line 4)
- not reported
- Gain or loss on sale of assets (line 5c)
- $0
- Gaming and fundraising events, net (line 6d)
- not reported
- Gross profit on inventory sales (line 7c)
- not reported
- Other revenue (line 8)
- not reported
- Total assets, end of year
- $24,214
- Total liabilities, end of year
- not reported
- Net assets or fund balances, end of year
- $24,214
- Program service expenses (Part III)
- $142,137
Program services were 103.0% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.
Mission and programs · 2023
Primary exempt purpose
THE CORPORATION IS DESIGNED TO BE A 501 (C) (3) NON-PROFIT ORGANIZATION TO PROVIDE FINANCIAL STABILITY IN ORDER TO SUPPORT ARTISTS AND THEIR CRAFT THROUGH EDUCATIONAL PROGRAMMING AND AFFORDABLE SPACE RENTAL FOR THE CREATION OF ART. IN ADDITION, THE CORPORATION STRIVES TO REACH OUT IN TO VARIOUS COMMUNITIES AND CULTURES THROUGHOUT THE WORLD TO EXPOSE AND E DUCATE THE GENERAL PUBLIC, INCLUDING THE YOUTH AND ELDERLY AND VARIOUS CO MMUNITY BASED PROGRAMS, IN ALLIANCE TO EXPOSE VARIOUS ART FORMS THROUGHO UT THOSE COMMUNITIES.
-
Fiscal Sponsorship Program - Artists who need 501c(3) status to apply for grants use Studio at 550 as a fiscal sponsor. Currently there are 6 fiscally sponsored artists enrolled in the program. Each artist has a group of 5 or more.
Expenses $138,007 · Grants $114,129
-
Low cost AV services to artist groups - Studio at 550 provides low cost documentation/recording AV services for artists and groups for their performances. This includes simple videography documentation of live performances.
Expenses $3,960 · Grants $3,960
-
Workshops for professional development
Expenses $170 · Grants $170
As filed on the 2023 return.
Listed in Part IV
-
Ivan Korn
Treasurer
- Total calculated
- $0
- Compensation
- $0
- Benefit plans
- not reported
- Expense account
- not reported
- Hours/week
- 2
-
Callie Chapman
Director
- Total calculated
- $3,727
- Compensation
- $0
- Benefit plans
- not reported
- Expense account
- $3,727
- Hours/week
- 10
Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990_ez
- Tax year
- 2023
- Filed
- 25 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540259349200204
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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