Beverley Street Studio School Incorporated
- Assets
- $213.4k
- Revenue
- $99.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Staunton, VA
- Founding
- 05/1996
- Data as of
- 12/2022
- EIN
- 54-1785021
Organization Overview
Beverley Street Studio School Incorporated is located in Staunton, VA. The organization was established in 1996. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Beverley Street Studio School Incorporated employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beverley Street Studio School Incorporated 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 12/2022, Beverley Street Studio School Incorporated generated $99.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $102.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO PROVIDE THE COMMUNITY A VARIETY OF OPPORTUNITIES TO EXPLORE THE WORLD OF VISUAL ART THROUGH PRACTICE, PROFESSIONAL INSTRUCTION AND CONTACT WITH PRACTICING ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FULFILL ITS MISSION, THE ORGANIZATION PROVIDES ARTS EDUCATION AND PROGRAMING TO THE GENERAL PUBLIC AND ITS MEMBERSHIP, PROVIDES A PLACE FOR PROFESSIONAL AND AMATEUR ARTISTS TO PRACTICE, LEARN, EXHIBIT, AND EXPOSE OUR COMMUNITY TO THE WORLD OF VISUAL ARTS. SINCE 1992, IT HAD BECOME AN INTEGRAL PART OF THE LOCAL CULTURAL COMMUNITY. THE SCHOOL DISTINGUISHES ITSELF FROM OTHER ART PRGANIZATIONS IN THE REGION BY OFFERING YEAR ROUND NON-DEGREE COLLEGE-LEVEL ART CLASSES TO THE SERIOUS ART STUDENT.IN ADDITION TO THE CORE CURRICULUM AND AS A PART OF THE SCHOOL'S MISSION TO MAKE ART ACCESSIBLE TO EVERYONE IN THE COMMUNITY, THE ORGANIZATION OFFERS: AN ART GALLERY WITH ROTATING EXHIBITS BY GUEST ARTISTS, INSTRUCTORS AND STUDENTS, SEVERAL OFFSITE EXHIBIT OPPORTUNITIES, A HIGH LEVEL TRAVEL STUDENT PROGRAM, THE QUEEN CITY PLEIN AIR FESTIVAL, OPEN SESSION FIGURE DRAWING,AND NUMEROUS FREE COMMUNITY PROGRAMS INCLUDING MONITORED ART DISCUSSIONS, LECTURES, AND PEER CRITIQUES. THEIR GALLERY EXTENDS THE EDUCATIONAL AND CULTUTRAL MISSION OF THE SCHOOL BY PRESENTING DIVERSE, ENRICHING,AND CHALLENGING EXHIBITIONS TO STUDENTS AND THE COMMUNITY AND PROVIDES A VENUE FOR ITS STUDENTS TO SHOW THEIR WORK, REPRESENTING THE HIGH QUALITY ART CLASSES AND PROGRAMS THAT THE ORGANIZATION OFFERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Coyle Holt President | OfficerTrustee | 2 | $0 |
Sally James Vice Pres-Se | OfficerTrustee | 2 | $0 |
Dana Flanders Treasurer | OfficerTrustee | 2 | $0 |
Virginia Gillock Trustee | Trustee | 1 | $0 |
Martha Saunders Trustee | Trustee | 1 | $0 |
Mandi Smith Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,288 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,288 |
| Total Program Service Revenue | $74,410 |
| Investment income | $968 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,922 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $99,114 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $134 |
| 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 | $23,284 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,781 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $89 |
| Fees for services: Other | $2,909 |
| Advertising and promotion | $1,114 |
| Office expenses | $3,140 |
| Information technology | $1,305 |
| Royalties | $0 |
| Occupancy | $17,702 |
| Travel | $0 |
| 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 | $707 |
| Insurance | $2,371 |
| All other expenses | $218 |
| Total functional expenses | $101,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,446 |
| Savings and temporary cash investments | $132,936 |
| 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 | $2,576 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,395 |
| Total assets | $213,353 |
| Accounts payable and accrued expenses | $1,649 |
| 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 | $2,857 |
| Total liabilities | $4,506 |
| Net assets without donor restrictions | $208,847 |
| 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 | $213,353 |