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Nonprofiteer
← STUDIO PLACE ARTS INCORPORATED

Form 990 for tax year 2025

Filed by STUDIO PLACE ARTS INCORPORATED.

Totals

Total revenue
$146,036
Total expenses
$169,407
Contributions and grants received
$90,174
Grants paid
$0
Program service revenue
$12,073
Investment income
$89
Other revenue
$43,700
Total assets, end of year
$438,184
Total liabilities, end of year
$257,248
Net assets or fund balances, end of year
$180,936
Program services expenses (Part IX)
$122,620
Management and general expenses
$35,615
Fundraising expenses
$11,172
Program service expenses (Part III)
$122,620

Program services were 72.4% 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

    $3,639

  • 1f · All other contributions, gifts and grants

    $86,535

  • 1g · Noncash contributions included above

    $5,847

  • 2a · Program service revenue: TUITION INCOME

    total $12,073 · related or exempt $12,073

  • 3 · Investment income

    total $89 · excluded $89

  • 6a · Gross rents

    real property $40,955

  • 6b · Less rental expenses

    real property $18,262

  • 6c · Rental income or loss

    real property $22,693

  • 6d · Net rental income or loss

    total $22,693 · related or exempt $22,693

  • 8a · Fundraising events: gross income

    $9,658

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

    $3,639

  • 8b · Fundraising events: direct expenses

    $9,942

  • 8c · Net income from fundraising events

    total -$284 · excluded -$284

  • 10a · Gross sales of inventory

    $32,860

  • 10b · Cost of goods sold

    $11,569

  • 10c · Net income from sales of inventory

    total $21,291 · related or exempt $21,291

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $63,050 · program services $39,645 · management and general $16,797 · fundraising $6,608

  • 7 · Other salaries and wages

    total $11,187 · program services $9,509 · management and general $895 · fundraising $783

  • 10 · Payroll taxes

    total $5,938 · program services $3,962 · management and general $1,385 · fundraising $591

  • 11c · Fees: accounting

    total $3,410 · management and general $3,410

  • 11g · Fees: other

    total $10,444 · program services $9,305 · management and general $1,139

  • 12 · Advertising and promotion

    total $920 · program services $828 · fundraising $92

  • 14 · Information technology

    total $629 · program services $409 · management and general $158 · fundraising $62

  • 16 · Occupancy

    total $24,930 · program services $20,335 · management and general $3,115 · fundraising $1,480

  • 20 · Interest

    total $3,482 · program services $2,999 · management and general $372 · fundraising $111

  • 22 · Depreciation, depletion and amortization

    total $16,448 · program services $14,512 · management and general $1,936

  • 23 · Insurance

    total $7,159 · program services $4,162 · management and general $2,873 · fundraising $124

  • 24a · Other expenses: LICENSES & FEES

    total $2,270 · program services $1,697 · management and general $346 · fundraising $227

  • 24b · Other expenses: SUPPLIES & MATERIALS

    total $2,330 · program services $1,870 · management and general $345 · fundraising $115

  • 24c · Other expenses: PRINTING & PUBLICATIONS

    total $4,252 · program services $3,189 · management and general $638 · fundraising $425

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $10,003 · program services $8,448 · management and general $1,251 · fundraising $304

  • 24e · All other expenses

    total $2,955 · program services $1,750 · management and general $955 · fundraising $250

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $46,151 · end of year $36,939

  • 2 · Savings and temporary cash investments

    beginning of year $30,764 · end of year $23,284

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

    $1,001,622

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

    $623,661

  • 10c · Land, buildings and equipment, net

    beginning of year $397,311 · end of year $377,961

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,107 · end of year $50

  • 23 · Secured mortgages and notes payable

    beginning of year $258,071 · end of year $252,457

  • 25 · Other liabilities

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

  • 31 · Retained earnings, endowment or other funds

    beginning of year $204,307 · end of year $180,936

Mission and programs · 2025

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 $122,620 · Revenue $12,073

As filed on the 2025 return.

Listed in Part VII

  • Sue Higby

    EXECUTIVE DIRECTOR

    Total calculated
    $66,075
    From this org
    $60,505
    From related orgs
    $0
    Other
    $5,570
    Hours/week
    40

  • Darryl Garland

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jody Brown

    TREASURERSECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Janet Van Fleet

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Michael Ridge

    BOARD MEMBER

    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
2025
Filed
16 July 2026
IRS schema version
2025v4.2
Source object
202642199349300904

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