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Nonprofiteer
← STUDIO PLACE ARTS INCORPORATED

Form 990 for tax year 2023

Filed by STUDIO PLACE ARTS INCORPORATED.

Totals

Total revenue
$309,051
Total expenses
$294,564
Contributions and grants received
$122,953
Grants paid
$0
Program service revenue
$51,200
Investment income
$205
Other revenue
$134,693
Total assets, end of year
$556,120
Total liabilities, end of year
$284,907
Net assets or fund balances, end of year
$271,213
Program services expenses (Part IX)
$243,530
Management and general expenses
$35,807
Fundraising expenses
$15,227
Program service expenses (Part III)
$243,530

Program services were 82.7% 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)

    $15,000

  • 1f · All other contributions, gifts and grants

    $107,953

  • 2a · Program service revenue: TUITION INCOME

    total $9,951 · related or exempt $9,951

  • 2b · Program service revenue: GALLERY COMM NET

    total $41,249 · related or exempt $41,249

  • 3 · Investment income

    total $205 · excluded $205

  • 6a · Gross rents

    real property $40,187

  • 6b · Less rental expenses

    real property $45,280

  • 6c · Rental income or loss

    real property -$5,093

  • 6d · Net rental income or loss

    total -$5,093 · related or exempt -$5,093

  • 8a · Fundraising events: gross income

    $9,250

  • 8c · Net income from fundraising events

    total $9,250 · excluded $9,250

  • 11a · Other revenue: OTHER

    total $3,536 · related or exempt $3,536

  • 11b · Other revenue: INSURANCE PROCEEDS

    total $127,000 · related or exempt $127,000

  • 11e · Other revenue, total

    $130,536

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $50,490 · program services $32,670 · management and general $11,880 · fundraising $5,940

  • 7 · Other salaries and wages

    total $9,537 · program services $8,106 · management and general $477 · fundraising $954

  • 9 · Other employee benefits

    total $6,930 · program services $5,544 · management and general $693 · fundraising $693

  • 10 · Payroll taxes

    total $4,482 · program services $3,010 · management and general $945 · fundraising $527

  • 11c · Fees: accounting

    total $2,590 · management and general $2,590

  • 11g · Fees: other

    total $3,408 · program services $3,067 · management and general $341

  • 12 · Advertising and promotion

    total $2,777 · program services $2,638 · management and general $83 · fundraising $56

  • 13 · Office expenses

    total $5,908 · program services $4,117 · management and general $1,024 · fundraising $767

  • 14 · Information technology

    total $2,238 · program services $1,805 · management and general $212 · fundraising $221

  • 16 · Occupancy

    total $10,887 · program services $7,093 · management and general $2,722 · fundraising $1,072

  • 20 · Interest

    total $1,797 · program services $1,123 · management and general $449 · fundraising $225

  • 22 · Depreciation, depletion and amortization

    total $7,739 · program services $4,837 · management and general $1,935 · fundraising $967

  • 23 · Insurance

    total $3,297 · program services $2,721 · management and general $324 · fundraising $252

  • 24a · Other expenses: TEACHERS

    total $3,235 · program services $3,073 · management and general $162

  • 24b · Other expenses: TELEPHONE

    total $4,311 · program services $3,449 · management and general $431 · fundraising $431

  • 24c · Other expenses: REPAIRS & MAINTENENCE

    total $138,842 · program services $124,958 · management and general $11,107 · fundraising $2,777

  • 24d · Other expenses: SUPPLIES

    total $2,767 · program services $2,217 · management and general $275 · fundraising $275

  • 24e · All other expenses

    total $33,329 · program services $33,102 · management and general $157 · fundraising $70

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $54,436 · end of year $78,278

  • 2 · Savings and temporary cash investments

    beginning of year $17,987 · end of year $61,181

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

    $1,001,622

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

    $584,961

  • 10c · Land, buildings and equipment, net

    beginning of year $436,010 · end of year $416,661

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,360 · end of year $14,287

  • 23 · Secured mortgages and notes payable

    beginning of year $237,606 · end of year $265,879

  • 25 · Other liabilities

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

  • 31 · Retained earnings, endowment or other funds

    beginning of year $256,726 · end of year $271,213

Mission and programs · 2023

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. BEGINNING IN 2015 STUDIO PLACE ARTS HAS A STUDIO RESIDENCE PROGRAM PROVIDING ARTISTS WORKSPACE.

    Expenses $243,530 · Revenue $51,200

As filed on the 2023 return.

Listed in Part VII

  • Sue Higby

    EXECUTIVE DIRECTOR

    Total calculated
    $66,330
    From this org
    $59,400
    From related orgs
    $0
    Other
    $6,930
    Hours/week
    40

  • Michael Ridge

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Janet Van Fleet

    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
2023
Filed
17 November 2024
IRS schema version
2023v5.1
Source object
202403229349301105

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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