The Studio
- Assets
- $11.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Centreville, AL
- Founding
- 11/2009
- EIN
- 26-1859468
Organization Overview
The Studio is located in Centreville, AL. The organization was established in 2009. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, 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. Studio 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 undefined, Studio generated $70.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $78.9k during the year ending undefined. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. 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
Describe the Organization's Program Activity:
Part 3
FINE ART INSTRUCTION - TO PROVIDE MUSIC AND DANCE EDUCATION, INSTRUCTION, AS WELL AS SUPPLEMENTAL EDUCATIONAL TRAINING IN THE FIELD OF THE ARTS FOR THE BENEFIT OF A RURAL COMMUNITY THAT IS NOT ADEQUATELY SERVED IN THIS RESPECT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John B Waits President | 2 | $0 | |
Rachel Waits Director/operations | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,944 |
| Total Program Service Revenue | $50,932 |
| Membership dues | $0 |
| Investment income | $6,000 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $121 |
| Total Revenue | $69,997 |
| Statement of Expenses | |
|---|---|
| Total expenses | $78,893 |
| Balance Sheet | |
|---|---|
| Total assets | $11,726 |
| Total liabilities | $1,738 |
| Net assets or fund balances | $9,988 |