Studio Gallery Association Inc
- Assets
- $131.9k
- Revenue
- $194.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Washington, DC
- Founding
- 12/1972
- Data as of
- 08/2023
- EIN
- 52-0912528
Organization Overview
Studio Gallery Association Inc is located in Washington, DC. The organization was established in 1972. According to its NTEE Classification (A40) the organization is classified as: Visual 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 Gallery Association 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 08/2023, Studio Gallery Association Inc generated $194.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $178.1k during the year ending 08/2023. While expenses have increased by 1.2% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ARTIST-OWNED STUDIO GALLERY SHOWCASES CONTEMPORARY WORK BY EMERGING AND PROFESSIONAL ARTISTS THROUGH MONTHLY EXHIBITIIONS, PERFORMANCES AND EDUCATIONAL OUTREACH
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHOWCASE WORK BY EMERGING AND PROFESSIONAL ARTISTS THROUGH EXHIBITIONS PERFORMANCE AND EDUCATIONAL OUTREACH TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Veronica Szalus Co Chair | Officer | 2 | $0 |
Pamela Frederick Co Chair | Officer | 2 | $0 |
Gordon Binder Treasurer | Officer | 4 | $0 |
Joann Levine Secretary | Officer | 2 | $0 |
Halley Stubis Executive Director | Trustee | 26 | $33,666 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $102,475 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,774 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,449 |
| Total Program Service Revenue | $48,545 |
| Investment income | $47 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,844 |
| 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 | $194,885 |
| 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. | $29,656 |
| Compensation of current officers, directors, key employees. | $5,931 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,640 |
| Fees for services: Management | $375 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,037 |
| Office expenses | $5,671 |
| Information technology | $3,585 |
| Royalties | $0 |
| Occupancy | $93,524 |
| Travel | $1,321 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,925 |
| Insurance | $0 |
| All other expenses | $1,566 |
| Total functional expenses | $178,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,512 |
| Savings and temporary cash investments | $84,132 |
| 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 | $5,413 |
| Net Land, buildings, and equipment | $7,732 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,070 |
| Total assets | $131,859 |
| Accounts payable and accrued expenses | $18,448 |
| 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 | $18,448 |
| Net assets without donor restrictions | $0 |
| 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 | $113,411 |
| Total liabilities and net assets/fund balances | $131,859 |