Somerville Open Studios Inc
- Assets
- $44.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Somerville, MA
- Founding
- 06/2006
- Data as of
- 06/2023
- EIN
- 01-0814383
Organization Overview
Somerville Open Studios Inc is located in Somerville, MA. The organization was established in 2006. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Somerville Open Studios Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Somerville Open Studios Inc generated $39.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 71.2% each year . All expenses for the organization totaled $38.9k during the year ending 06/2023. While expenses have increased by 39.3% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PRODUCED AN ANNUAL OPEN STUDIOS EVEN FOR THE PURPOSE OF BROADENING PUBLIC AWARENESS OF VISUAL ARTS AND PROVIDING EXPOSURE TO UNKNOWN AND EMERGING ARTISTS IN SOMERVILLE, MA, AND PROVIDING THE GENERAL PUBLIC OPPORTUNITIES TO INTERACT WITH OVER 190 ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hilary Scott President & Director | 8 | $0 | |
Peter Belford Treasurer & Director | 8 | $0 | |
Terry Dovidio Clerk & Director | 8 | $0 | |
Matt Carrano Director | 4 | $0 | |
Matt Kaliner Director | 2 | $0 | |
Katya Popova Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,520 |
| Total Program Service Revenue | $38,010 |
| Membership dues | $0 |
| Investment income | $18 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $39,548 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $1,752 |
| Printing, publications, postage, and shipping | $5,279 |
| Other expenses | $31,091 |
| Total expenses | $38,867 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $43,962 |
| Other assets | $0 |
| Total assets | $43,962 |
| Total liabilities | $0 |
| Net assets or fund balances | $43,962 |