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Nonprofiteer
← THE CLAY STUDIO HOLDINGS INC

Form 990 for tax year 2024

Filed by THE CLAY STUDIO HOLDINGS INC.

Totals

Total revenue
$398,000
Total expenses
$680,478
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$398,000
Total assets, end of year
$13,151,962
Total liabilities, end of year
$14,339,960
Net assets or fund balances, end of year
-$1,187,998
Program services expenses (Part IX)
$318,336
Management and general expenses
$362,142
Fundraising expenses
$0
Program service expenses (Part III)
$318,336

Program services were 46.8% 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.

  • 6a · Gross rents

    real property $398,000

  • 6c · Rental income or loss

    real property $398,000

  • 6d · Net rental income or loss

    total $398,000 · excluded $398,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $48,186 · management and general $48,186

  • 20 · Interest

    total $313,956 · management and general $313,956

  • 22 · Depreciation, depletion and amortization

    total $318,336 · program services $318,336

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $142,591 · end of year $94,966

  • 9 · Prepaid expenses and deferred charges

    end of year $18,099

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

    $14,035,413

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

    $1,003,849

  • 10c · Land, buildings and equipment, net

    beginning of year $13,349,900 · end of year $13,031,564

  • 15 · Other assets

    beginning of year $14,667 · end of year $7,333

  • 17 · Accounts payable and accrued expenses

    beginning of year $91,961

  • 23 · Secured mortgages and notes payable

    beginning of year $12,147,193 · end of year $12,088,678

  • 25 · Other liabilities

    beginning of year $2,173,524 · end of year $2,251,282

  • 27 · Net assets without donor restrictions

    beginning of year -$905,520 · end of year -$1,187,998

Mission and programs · 2024

Mission

TO CONDUCT OR CARRY OUT THE PURPOSES OF, THE CLAY STUDIO, A NONPROFIT, CHARITABLE AND EDUCATIONAL ORGANIZATION THAT PROMOTES AND PROVIDES EDUCATION IN CONTEMPORARY AND TRADITIONAL CERAMIC ARTS.

  • TO CONDUCT OR CARRY OUT THE PURPOSES OF, THE CLAY STUDIO, A NONPROFIT, CHARITABLE AND EDUCATIONAL ORGANIZATION THAT PROMOTES AND PROVIDES EDUCATION IN CONTEMPORARY AND TRADITIONAL CERAMIC ARTS.

    Expenses $318,336

As filed on the 2024 return.

Listed in Part VII

  • Franz Rabauer

    CHAIR

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Nancy Burd

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Linda Jacobsen

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Ashley Moran

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Michael Lukasek

    GOVERNANCE C

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Heeseung Lee

    DEAI COMMITT

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Teresa Chang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Michael Clemmons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Geena Dhaliwal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Brianna Dougherty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Claire Hankenson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Karen Harmelin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Nancy Hays

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Kim Kamens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Bruce Katsiff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Susan Muller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Kathie Regan Dalzell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • George Rodriguez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Joseph Rudolf

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Amy Sarner Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Claire Shenk Rodgers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Ruth Easterbrook

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Daphne Hawkins Parker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Jennifer Martin

    EXECUTIVE DI

    Total calculated
    $154,892
    From this org
    $0
    From related orgs
    $150,362
    Other
    $4,530
    Hours/week
    0.25 + 39.75 related

    Schedule J breakdown matched by us

    Base
    not reported + $150,362 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $4,530 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $154,892 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
11 December 2025
IRS schema version
2024v5.0
Source object
202513509349300311

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