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Nonprofiteer
← BALANCE POINT STUDIOS

Form 990 for tax year 2023

Filed by BALANCE POINT STUDIOS.

Totals

Total revenue
$280,305
Total expenses
$98,980
Contributions and grants received
$280,305
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$181,325
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$181,325
Program services expenses (Part IX)
$85,420
Management and general expenses
$6,187
Fundraising expenses
$7,373
Program service expenses (Part III)
$85,420

Program services were 86.3% 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.

  • 1a · Federated campaigns

    $1,110

  • 1f · All other contributions, gifts and grants

    $279,195

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $100 · management and general $100

  • 11c · Fees: accounting

    total $2,749 · management and general $2,749

  • 11g · Fees: other

    total $85,676 · program services $84,922 · management and general $754

  • 12 · Advertising and promotion

    total $7,373 · fundraising $7,373

  • 13 · Office expenses

    total $2,042 · management and general $2,042

  • 17 · Travel

    total $498 · program services $498

  • 23 · Insurance

    total $542 · management and general $542

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $172,338

  • 5 · Loans and receivables from officers and key people

    end of year $8,987

  • 28 · Net assets with donor restrictions

    end of year $181,325

Mission and programs · 2023

Mission

BALANCE POINT STUDIOS SEEKS TO MAKE, TEACH, AND SHARE ART TO UNLOCK GREATNESS, AND TO CHALLENGE CURIOUS AND CREATIVE MINDS TO EXPRESS THEMSELVES FREELY.

  • BALANCE POINT STUDIOS SERVED OVER 400 YOUTH AND 100 YOUNG ADULTS. THERE WERE 3 MURALS INSTALLED IN CLEVELAND, OHIO AND 1 MURAL PENDING IN WARREN, OHIO. ADDITIONALLY, BALANCE POINT STUDIOS OFFERED OVER 50 CREATIVE WRITING WORKSHOPS, HOSTED 6 PUBLIC EVENTS, AND HOSTED OVER 50 BIKE RIDES.

    Expenses $85,420

As filed on the 2023 return.

Listed in Part VII

  • Ali Black

    TRUSTEE

    Total calculated
    $29,750
    From this org
    $29,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Donald Black

    TRUSTEE

    Total calculated
    $17,660
    From this org
    $17,660
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Brandon White

    PRESIDENT

    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
2023
Filed
6 May 2024
IRS schema version
2023v6.0
Source object
202511319349300161

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