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Nonprofiteer
← THE CLAY STUDIO HOLDINGS INC

Form 990 for tax year 2022

Filed by THE CLAY STUDIO HOLDINGS INC.

Totals

Total revenue
$298,500
Total expenses
$722,794
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$298,500
Total assets, end of year
$13,904,202
Total liabilities, end of year
$14,470,311
Net assets or fund balances, end of year
-$566,109
Program services expenses (Part IX)
$316,363
Management and general expenses
$406,431
Fundraising expenses
$0
Program service expenses (Part III)
$316,363

Program services were 43.8% 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 $298,500

  • 6c · Rental income or loss

    real property $298,500

  • 6d · Net rental income or loss

    total $298,500 · excluded $298,500

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $83,532 · management and general $83,532

  • 20 · Interest

    total $322,899 · management and general $322,899

  • 22 · Depreciation, depletion and amortization

    total $316,363 · program services $316,363

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $279,841 · end of year $213,966

  • 9 · Prepaid expenses and deferred charges

    beginning of year $33,881

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

    $14,035,413

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

    $367,177

  • 10c · Land, buildings and equipment, net

    beginning of year $13,838,557 · end of year $13,668,236

  • 15 · Other assets

    beginning of year $29,333 · end of year $22,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $712,373 · end of year $97,080

  • 23 · Secured mortgages and notes payable

    beginning of year $11,677,607 · end of year $12,185,924

  • 25 · Other liabilities

    beginning of year $1,933,447 · end of year $2,187,307

  • 27 · Net assets without donor restrictions

    beginning of year -$141,815 · end of year -$566,109

Mission and programs · 2022

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 $316,363

As filed on the 2022 return.

Listed in Part VII

  • Franz Rabauer

    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

  • Sergio Coscia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • James Fulton

    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

  • Leah Kaplan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Neil McLaughlin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Susan Muller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Judy Pote

    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

  • 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

  • Mark Squilla

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 4.75 related

  • Jennifer Martin

    EXECUTIVE DI

    Total calculated
    $107,711
    From this org
    $0
    From related orgs
    $104,480
    Other
    $3,231
    Hours/week
    0.25 + 39.75 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.

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
2022
Filed
22 February 2024
IRS schema version
2022v5.0
Source object
202420549349300902

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