Inside Out Studio Inc
- Assets
- $31.1k
- Revenue
- $100.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Huntsville, AL
- Founding
- 04/2016
- Data as of
- 12/2021
- EIN
- 47-5168119
Organization Overview
Inside Out Studio Inc is located in Huntsville, AL. The organization was established in 2016. 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. Inside Out Studio 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 12/2021, Inside Out Studio Inc generated $100.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $75.6k during the year ending 12/2021. While expenses have increased by 13.9% per year over the past 4 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
INSIDE OUT STUDIO IS A FULLY EQUIPPED VISUAL ARTS SPACE DEDICATED TO PROVIDING OPPORTUNITIES FOR ADULTS WITH DISABILITIES TO CREATE AND SELL FINE ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART STUDIO FOR ADULTS WITH DISABILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Walker President | OfficerTrustee | 4 | $0 |
Anne Hardiman Treasurer | OfficerTrustee | 4 | $0 |
Diana Fischer Secretary | OfficerTrustee | 4 | $0 |
Sherry Broyles Executive Director | OfficerTrustee | 32 | $0 |
Hadley Russ Board Member | Trustee | 1 | $0 |
Jose Betancourt Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $46,904 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,485 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,389 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $100,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $38,467 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,511 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,184 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $75,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,107 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $31,107 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $31,107 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $31,107 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Inside Out Studio Inc has recieved totaling $66.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $66 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Family Connection Partnership Inc Atlanta, GA | $2,438,280 | $6,252,094 |
Eagle Arts Academy Inc Wellington, FL | $268,349 | $5,358,637 |
Vero Beach Museum Of Art Inc Vero Beach, FL | $60,866,235 | $8,493,938 |
Grandview Preparatory School Inc Boca Raton, FL | $15,212,269 | $5,400,121 |
Arrowmont School Of Arts And Crafts Gatlinburg, TN | $53,053,900 | $4,804,249 |
Arts Center Association Inc St Petersburg, FL | $13,513,737 | $4,345,570 |
Gulfshore Opera Inc Naples, FL | $497,998 | $1,174,387 |
Jacksonville Arts And Music School Jacksonville, FL | $1,043,235 | $1,052,182 |
Realize Bradenton Inc Bradenton, FL | $630,233 | $957,046 |
Young Philosophers Society Inc Shalimar, FL | $29,328 | $903,631 |
W O Smith Nashville Community Music School Nashville, TN | $5,939,533 | $597,362 |
Art League Of Marco Island Inc Marco Island, FL | $1,995,611 | $956,565 |