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Nonprofiteer
← STUDIO PLACE ARTS INCORPORATED

Form 990 for tax year 2024

Filed by STUDIO PLACE ARTS INCORPORATED.

Totals

Total revenue
$123,837
Total expenses
$190,743
Contributions and grants received
$87,551
Grants paid
$0
Program service revenue
$12,563
Investment income
$126
Other revenue
$23,597
Total assets, end of year
$474,226
Total liabilities, end of year
$269,919
Net assets or fund balances, end of year
$204,307
Program services expenses (Part IX)
$133,807
Management and general expenses
$41,552
Fundraising expenses
$15,384
Program service expenses (Part III)
$133,807

Program services were 70.2% 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.

  • 1c · Fundraising events

    $4,640

  • 1f · All other contributions, gifts and grants

    $82,911

  • 1g · Noncash contributions included above

    $4,140

  • 2a · Program service revenue: TUITION INCOME

    total $12,563 · related or exempt $12,563

  • 3 · Investment income

    total $126 · excluded $126

  • 6a · Gross rents

    real property $44,930

  • 6b · Less rental expenses

    real property $36,138

  • 6c · Rental income or loss

    real property $8,792

  • 6d · Net rental income or loss

    total $8,792 · related or exempt $8,792

  • 8a · Fundraising events: gross income

    $4,140

  • 8a · Fundraising events: contributions included on line 1c

    $4,640

  • 8b · Fundraising events: direct expenses

    $4,140

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $36,346

  • 10b · Cost of goods sold

    $21,656

  • 10c · Net income from sales of inventory

    total $14,690 · related or exempt $14,690

  • 11a · Other revenue: OTHER

    total $115 · excluded $115

  • 11e · Other revenue, total

    $115

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $62,515 · program services $39,483 · management and general $13,161 · fundraising $9,871

  • 7 · Other salaries and wages

    total $10,989 · program services $9,341 · management and general $1,099 · fundraising $549

  • 10 · Payroll taxes

    total $5,969 · program services $3,989 · management and general $1,146 · fundraising $834

  • 11c · Fees: accounting

    total $1,192 · management and general $1,192

  • 11g · Fees: other

    total $12,032 · program services $10,297 · management and general $1,481 · fundraising $254

  • 12 · Advertising and promotion

    total $4,228 · program services $4,017 · fundraising $211

  • 14 · Information technology

    total $1,283 · program services $883 · management and general $300 · fundraising $100

  • 16 · Occupancy

    total $14,865 · program services $8,089 · management and general $5,367 · fundraising $1,409

  • 20 · Interest

    total $1,878 · program services $1,174 · management and general $469 · fundraising $235

  • 22 · Depreciation, depletion and amortization

    total $7,741 · program services $4,838 · management and general $1,935 · fundraising $968

  • 23 · Insurance

    total $4,236 · program services $656 · management and general $3,471 · fundraising $109

  • 24a · Other expenses: LICENSES & FEES

    total $2,520 · program services $1,890 · management and general $378 · fundraising $252

  • 24b · Other expenses: SUPPLIES & MATERIALS

    total $4,354 · program services $3,487 · management and general $650 · fundraising $217

  • 24c · Other expenses: PRINTING & PUBLICATIONS

    total $3,749 · program services $2,812 · management and general $562 · fundraising $375

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $51,705 · program services $41,364 · management and general $10,341

  • 24e · All other expenses

    total $1,487 · program services $1,487

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $78,278 · end of year $46,151

  • 2 · Savings and temporary cash investments

    beginning of year $61,181 · end of year $30,764

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

    $1,001,622

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

    $604,311

  • 10c · Land, buildings and equipment, net

    beginning of year $416,661 · end of year $397,311

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,287 · end of year $7,107

  • 23 · Secured mortgages and notes payable

    beginning of year $265,879 · end of year $258,071

  • 25 · Other liabilities

    beginning of year $4,741 · end of year $4,741

  • 31 · Retained earnings, endowment or other funds

    beginning of year $271,213 · end of year $204,307

Mission and programs · 2024

Mission

SEE STATEMENT

  • STUDIO PLACE ARTS CONDUCTED WORKSHOPS AND CLASSES FOR THE GENERAL PUBLIC ON MAKING ART AND CRAFTS, AND ART LEARNING OPPORTUNITIES THROUGH STUDIO EXPERIENCES AND LECTURES, AND A DIVERSE SCHEDULE OF ART EXHIBITIONS THROUGHOUT THE YEAR IN WHICH ARTISTS WHO CANNOT DISPLAY OR SELL ART IN OTHER FORUMS MAY PARTICIPATE. STUDIO PLACE ARTS HAS A STUDIO RESIDENCE PROGRAM PROVIDING ARTISTS WORKSPACE.

    Expenses $133,807 · Revenue $12,563

As filed on the 2024 return.

Listed in Part VII

  • Sue Higby

    EXECUTIVE DIRECTOR

    Total calculated
    $65,805
    From this org
    $57,200
    From related orgs
    $0
    Other
    $8,605
    Hours/week
    40

  • Janet Van Fleet

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Michael Ridge

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Darryl Garland

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jody Brown

    TREASURERSECRETARY

    Total calculated
    $0
    Hours/week
    2

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
6 August 2025
IRS schema version
2024v5.2
Source object
202542239349302504

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