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← STUDIO TWO THREE

Form 990 for tax year 2024

Filed by STUDIO TWO THREE.

Totals

Total revenue
$696,286
Total expenses
$930,185
Contributions and grants received
$315,693
Grants paid
$0
Program service revenue
$300,635
Investment income
$2,321
Other revenue
$77,637
Total assets, end of year
$939,265
Total liabilities, end of year
$275,347
Net assets or fund balances, end of year
$663,918
Program services expenses (Part IX)
$829,455
Management and general expenses
$76,907
Fundraising expenses
$23,823
Program service expenses (Part III)
$829,455

Program services were 89.2% 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.

  • 1e · Government grants (contributions)

    $35,881

  • 1f · All other contributions, gifts and grants

    $279,812

  • 2a · Program service revenue: PRINT SALES

    total $117,666 · related or exempt $117,666

  • 2b · Program service revenue: MEMBERSHIP RENTALS

    total $108,907 · related or exempt $108,907

  • 2c · Program service revenue: EDUCATION

    total $45,628 · related or exempt $45,628

  • 2d · Program service revenue: PRINTING SERVICES

    total $26,214 · related or exempt $26,214

  • 2e · Program service revenue: ARTIST EVENTS

    total $2,220 · related or exempt $2,220

  • 3 · Investment income

    total $2,321 · excluded $2,321

  • 6a · Gross rents

    real property $4,400

  • 6c · Rental income or loss

    real property $4,400

  • 6d · Net rental income or loss

    total $4,400 · excluded $4,400

  • 8a · Fundraising events: gross income

    $93,653

  • 8b · Fundraising events: direct expenses

    $20,416

  • 8c · Net income from fundraising events

    total $73,237 · excluded $73,237

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $75,961 · program services $53,173 · management and general $15,192 · fundraising $7,596

  • 7 · Other salaries and wages

    total $164,240 · program services $164,240

  • 9 · Other employee benefits

    total $26,656 · program services $26,656

  • 10 · Payroll taxes

    total $21,110 · program services $19,367 · management and general $1,162 · fundraising $581

  • 11b · Fees: legal

    total $962 · management and general $962

  • 11c · Fees: accounting

    total $6,190 · management and general $6,190

  • 12 · Advertising and promotion

    total $3,975 · program services $3,809 · fundraising $166

  • 13 · Office expenses

    total $36,328 · program services $7,522 · management and general $26,666 · fundraising $2,140

  • 14 · Information technology

    total $6,202 · fundraising $6,202

  • 16 · Occupancy

    total $318,402 · program services $302,574 · management and general $15,828

  • 17 · Travel

    total $3,888 · program services $3,888

  • 20 · Interest

    total $14,619 · program services $14,619

  • 22 · Depreciation, depletion and amortization

    total $10,254 · program services $10,254

  • 23 · Insurance

    total $17,824 · program services $15,522 · management and general $2,302

  • 24a · Other expenses: DISPOSAL OF LEASEHOLD IMP

    total $70,403 · program services $70,403

  • 24b · Other expenses: PROGRAM SUPPLIES

    total $61,105 · program services $54,427 · fundraising $6,678

  • 24c · Other expenses: ARTIST STIPENDS

    total $50,252 · program services $50,012 · fundraising $240

  • 24d · Other expenses: WHOLESALE PRODUCT COSTS

    total $23,845 · program services $23,845

  • 24e · All other expenses

    total $17,969 · program services $9,144 · management and general $8,605 · fundraising $220

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $250,445 · end of year $92,373

  • 4 · Accounts receivable

    beginning of year $277,005 · end of year $105,430

  • 8 · Inventories for sale or use

    beginning of year $3,516 · end of year $5,380

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

    $236,772

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

    $77,405

  • 10c · Land, buildings and equipment, net

    beginning of year $106,375 · end of year $159,367

  • 15 · Other assets

    beginning of year $566,593 · end of year $576,715

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,018 · end of year $30,466

  • 23 · Secured mortgages and notes payable

    beginning of year $36,451

  • 24 · Unsecured notes and loans payable

    beginning of year $154,209 · end of year $149,900

  • 25 · Other liabilities

    beginning of year $98,439 · end of year $94,981

  • 27 · Net assets without donor restrictions

    beginning of year $897,817 · end of year $663,918

Mission and programs · 2024

Mission

STUDIO TWO THREE EMPOWERS ARTISTS TO MAKE ART AND MAKE CHANGE. STUDIO TWO THREE IS A NONPROFIT COMMUNITY PRINT STUDIO AND ART SPACE, FOUNDED IN 2009. WE BELIEVE IN RADICAL GENEROSITY, THE POWER OF COMMUNITY ART PRODUCTION AND STORYTELLING AND THAT COMMUNITY ARTISTS ARE INTEGRAL TO SOCIAL AND SYSTEMIC CHANGE. WE ARE A BUSY HOME TO OVER 130 ARTIST MEMBERS THAT RUNS OFF OF TRUST AND A CULTURE OF MUTUAL AID. MEMBERS HAVE 24/7 ACCESS, SHARE RESOURCES AND IDEAS, AND COLLABORATE ON PROJECTS.

  • COMMUNITY PRINT SHOP AND ARTIST MEMBERSHIP: AS A COMMUNITY ART ORGANIZATION, WE BELEIVE DEEPLY IN THE POWER OF PRINTMAKING TO AMPLIFY THE VOICES, STORIES AND PERSPECTIVES OF OUR COMMUNITY. PRINTMAKING IS AN ACCESSIBLE, AFFORDABLE MEANS OF MASS PRODUCTION, AND A TOOL FOR CIVIC ENGAGEMENT. WE PROVIDE OVER 100 ARTISTS WITH 24/7 ACCESS TO PRINTING PRESSES, DARKROOM, DIGITAL LAB, COMMUNAL TOOLS AND WORKPACE, TO SUPPORT ART MAKING FOR PERSONAL AND SOCIAL CHANGE. WE PROUDLY HOST ARTS AND ADVOCACY PROJECTS, INCLUDING PERFORMING STATISTICS (AN 8 WEEK SUMMER INSTITUTE THAT WORKS WITH INCARCERATED YOUTH TO CREATIVELY REIMAGINE THE MILK RIVER ARTS (AN ONGOING STUDIO PROGRAM FOR NEURODIVERSE ARTISTS)), RICHMOND PUBLIC SCHOOLS (WE PROVIDE SPACE, EDUCATIONAL ASSISTANCE AND PRINT MAKING FOR THEIR ADVOCACY MEETINGS AND EVENTS).

    Expenses $580,618 · Revenue $108,907

  • WORKSHOPS, ARTIST RESIDENCY & EDUCATION: STUDIO TWO THREE OFFERS A VARIETY OF COMMUNITY CLASSES AND WORKSHOPS THROUGHOUT THE YEAR IN PRINTMAKING, PHOTOGRAPHY, AND OTHER ART TECHNIQUES. CLASSES ARE OFFERED ON A SLIDING SCALE, WITH SCHOLARSHIP SPOTS AVAILABLE FOR THOSE IN NEED OF FINANCIAL ASSISTANCE. THROUGH ITS MAKE ART WORK PROGRAMMING, THE STUDIO ALSO OFFERS ARTIST RESIDENCY, BUSINESS CLASSES, CAREER TRAINING, PROFESSIONAL DEVELOPMENT AND MENTORSHIP TO ARTISTS TO HELP THEM BUILD SUSTAINABLE CAREERS. THE STUDIO ALSO HOSTS ON-SITE AND OFF-SITE FIELD TRIPS FOR K-12 STUDENTS, NONPROFIT COMMUNITY ORGANIZATIONS, GALLERIES AND MUSEUMS AND OTHER EDUCATIONAL VENUES THROUGHOUT VIRGINIA.

    Expenses $124,418 · Revenue $45,628

  • STUDIO TWO THREE STORE, ARTIST MARKETS AND ARTWORK SALES: THE STUDIO STORE FEATURES WORK BY TALENTED LOCAL ARTISTS WHO ARE ARTIST MEMBERS, TEACHERS, AND VOLUNTEERS. THE STORE PROVIDES LOCAL ARTISTS WITH THE OPPORTUNITY TO SELL THEIR WORK AND BUILD THEIR CAREERS IN THE ARTS. THE STUDIO ALSO FEATURES SALES OF LOCAL ARTISTS WORK AT VENDOR MARKETS, THEIR ANNUAL WINTER MARKET AND FALL ART AUCTION.

    Expenses $82,946 · Revenue $119,886

  • COMMUMITY PRINTMAKING: STUDIO TWO THREE BRINGS ITS MOBILE PRINT TRUCK INTO THE COMMUNITY IN SUPPORT FOR FREE COMMUNITY PRINTMAKIING ACTIVITIES. THE TRUCK VISITS FESTIVALS, NONPROFITS, COMMUNITY EVENTS, AND COLLABORATES WITH ARTS AND ACTIVIST COMMUNTIIES WORKING ON SOCIAL JUSTICE ISSUES IN THE CITY OF RICHMOND AND BEYOND. THE STUDIO HOLDS SEVERAL COMMUNITY PRINTMAKING DAYS A MONTH; THE CONTENT VARIES EACH TIME. PROCESSES INCLUDE SCREEN PRINTING T-SHIRTS AND POSTERS, PRINTING GIANT LETTERPRESS BANNERS, AND USING THE PRINT TRUCK AS A MOBILE DARKROOM TO SHOT AND DEVELOP LARGE-FRAME PHOTGRAPHIC PORTRAITS. COMMUNITY EVENTS INITIATIVE: LAUNCHED IN 2024, THIS PROGRAM HAS BECOME A CORNERSTONE OF STUDIO TWO THREES WORK. THE COMMUNITY EVENTS INITIATIVE PROVIDES A DIVERSE RANGE OF ARTS AND CULTURAL INITIATIVES, ORGANIZATIONS AND PROJECTS WITH FREE ACCESS TO STUDIO TWO THREES HIGH CAPACITY EVENT SPACE WITH A/V, SEATING AND TABLES AND STAFF SUPPORT. THE PROGRAM HOSTS 15+ GROUPS PER MONTH, AND WELCOMES 20K+ PEOPLE TO STUDIO TWO THREE ANNUALLY. EVENTS RANGE FROM SQUARE DANCES TO FILM SCREENINGS, NONPROFIT RETREATS, CIVIC MEETINGS, PLAYS AND LIVE MUSIC PERFORMANCES, ARTIST MARKETS AND FOOD DISTRIBUTION. OUR PARTNERSHIPS INCLUDE ARTS AND CULTURE ORGANIZATIONS, SCHOOLS, CIVIC GROUPS AND GRASSROOTS ORGANIZATIONS.

    Expenses $41,473 · Revenue $26,214

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ASHLEY HAWKINS

    EXECUTIVE DI

    Total calculated
    $75,962
    From this org
    $75,962
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • RAM BHAGAT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HAMPTON BOYER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MITCH CROWDER

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • AIMEE JOYAUX

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KELLI LEMMON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER MACKENZIE

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • JUSTIN OWEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH PAPA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARLIE SCHMIDT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GEORGE WEBSTER

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • FAITH WILKERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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
2024
Filed
21 October 2025
IRS schema version
2024v5.0
Source object
202542959349301889

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