Drama Studio Inc
- Assets
- $1.1m
- Revenue
- $799.1k
- Investments
- $0.0
- Employees
- 13
- Location
- Springfield, MA
- Founding
- 02/1988
- Data as of
- 06/2023
- EIN
- 22-2822986
Organization Overview
Drama Studio Inc is located in Springfield, MA. The organization was established in 1988. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Drama Studio Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Drama 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 06/2023, Drama Studio Inc generated $799.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $433.7k during the year ending 06/2023. While expenses have increased by 2.7% per year over the past 8 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
TO PROVIDE AN ACTING TRAINING PROGRAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE 26 WEEKS OF ACTING CLASSES FOR STUDENTS.
TO PROVIDE PERFORMANCE OPPORTUNITIES FOR STUDENTS.
TO PROVIDE OUTREACH INTO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Fisher President | OfficerTrustee | 1 | $0 |
Jennifer Yergeau Vice Preside | OfficerTrustee | 1 | $0 |
Clark Matthews Treasurer | Trustee | 1 | $0 |
Chris Daly Secretary | OfficerTrustee | 1 | $0 |
Kim Lee Director | Trustee | 1 | $0 |
Danielle Lessard Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thomas Wilson Enterprises Construction | 6/29/23 | $191,563 |
Fire Service Group Construction | 6/29/23 | $113,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $119,420 |
| All other contributions, gifts, grants, and similar amounts not included above | $464,754 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $584,174 |
| Total Program Service Revenue | $214,608 |
| Investment income | $4 |
| 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 | $799,084 |
| 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 | $224,099 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,748 |
| Payroll taxes | $17,356 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,974 |
| Advertising and promotion | $2,907 |
| Office expenses | $6,361 |
| Information technology | $4,739 |
| Royalties | $0 |
| Occupancy | $36,080 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,522 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,340 |
| Insurance | $12,185 |
| All other expenses | $4,662 |
| Total functional expenses | $433,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,463 |
| Savings and temporary cash investments | $124,219 |
| 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 | $14,650 |
| Net Land, buildings, and equipment | $846,622 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,105,954 |
| Accounts payable and accrued expenses | $5,720 |
| 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 | $200,011 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,739 |
| Total liabilities | $224,470 |
| Net assets without donor restrictions | $757,265 |
| Net assets with donor restrictions | $124,219 |
| 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 | $1,105,954 |