Studios Inc
- Assets
- $2.7m
- Revenue
- $253.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Kansas City, MO
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 26-3792862
Organization Overview
Studios Inc is located in Kansas City, MO. The organization was established in 2010. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Studios Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Studios 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, Studios Inc generated $253.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $161.2k during the year ending 12/2021. 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
PROVIDES STUDIO SPACE, PROFESSIONAL DEVELOPMENT, NETWORKING, AND EXHIBITIONS FOR MID-CAREER ARTISTS IN GREATER KANSAS CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH RESIDENT ARTIST IS ASSIGNED A STUDIO OF BETWEEN 750 AND 3,000 SQUARE FEET. THE STUDIOS INC IS OPEN 7 DAYS A WEEK. THERE IS ALSO A LARGE FENCED-IN LOT AVAILABLE FOR OUTDOOR INSTALLATIONS, PERFORMANCES, AND/OR WORKSPACE. EACH RESIDENT ARTIST COMMITS TO A SHOW IN THE STUDIOS INC EXHIBITION SPACE (4,500 SQUARE FEET OF EXHIBITION SPACE INDOORS & LARGE FENCED-IN LOT OUTDOORS).RESIDENT ARTISTS GAIN MORE PUBLIC RECOGNITION FOR THEIR WORK AND BROADER ACCESS TO COLLECTORS.RESIDENT ARTIST'S WORK ARE INCLUDED IN THE ANNUAL EXHIBITION. THE STUDIOS.GALLERY EXHIBITION AND LENDING PROGRAM BRINGS MORE VISIBILITY TO RESIDENT ARTIST'S WORK THROUGH THE PROGRAM'S PUBLICITY AND PLACEMENT OF ARTWORK FROM THE COLLECTION.THE STUDIOS PATRON PROGRAM, PROVIDES THE OPPORTUNITY FOR A HEIGHTENED LEVEL OF DIALOGUE BETWEEN RESIDENT ARTIST AND PATRON THROUGH STUDIO VISITS AND EXHIBITIONS. IN ADDITION TO FUNDING AN ARTIST'S STUDIO, PATRONS ARE ENCOURAGED TO CULTIVATE RELATIONSHIPS WITH THE ARTISTS TO LEARN MORE ABOUT THE CREATIVE PROCESS AND TO PROVIDE ADDITIONAL CAREER ADVANCEMENT ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley W Nicholson President | OfficerTrustee | 2 | $0 |
Linda Nicholson Treasurer | OfficerTrustee | 1 | $0 |
Kate Mead Vice President | OfficerTrustee | 1 | $0 |
Frank Uryasz Director | Trustee | 1 | $0 |
Brad Satterwhite Director | Trustee | 1 | $0 |
Mike Lyon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,171 |
| All other contributions, gifts, grants, and similar amounts not included above | $153,695 |
| Noncash contributions included in lines 1a–1f | $25,150 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $172,866 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $81,224 |
| Net Gain/Loss on Asset Sales | -$808 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $253,282 |
| 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 | $72,114 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,630 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37 |
| Fees for services: Accounting | $125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $397 |
| Advertising and promotion | $7,496 |
| Office expenses | $5,420 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | -$17,966 |
| Travel | $105 |
| 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 | $53,024 |
| Insurance | $15,658 |
| All other expenses | $0 |
| Total functional expenses | $161,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $304,212 |
| 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 | $1,981,470 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $387,908 |
| Total assets | $2,673,590 |
| Accounts payable and accrued expenses | $211 |
| 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 | $211 |
| 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 | $2,673,379 |
| Total liabilities and net assets/fund balances | $2,673,590 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Studios Inc has recieved totaling $89,792.
| Awarding Organization | Amount |
|---|---|
Richard J Stern Foundation For The Arts Kansas City, MO PURPOSE: CAPITAL IMPROVEMENT SUPPORT | $75,000 |
Richard J Stern Foundation For The Arts Kansas City, MO PURPOSE: USED AT THE DISCRETION OF THE BOARD OF DIRECTORS OR TRUSTEES AS THEY SEE FIT FOR OPERATING THEIR ORGANIZATION | $10,000 |
The Francis Family Foundation Kansas City, MO PURPOSE: SMALL ARTS GRANT - GENERAL OPERATING SUPPORT | $2,500 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $625 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $625 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $625 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedars Youth Services Inc Lincoln, NE | $3,781,536 | $13,267,342 |
Puerto Rican Cultural Center Chicago, IL | $9,175,566 | $9,769,703 |
United States Artists Inc Chicago, IL | $40,639,117 | $6,830,121 |
Center Of Creative Arts Saint Louis, MO | $22,497,336 | $9,712,696 |
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
Applied Information Management Institute Omaha, NE | $8,071,442 | $4,851,557 |
Kranzberg Arts Foundation St Louis, MO | $18,112,007 | $6,602,930 |
Wichita Art Museum Inc Wichita, KS | $12,198,968 | $4,522,280 |
American College Of Occupational And Environmental Medicine Elk Grove Village, IL | $5,115,240 | $3,683,433 |
Winnetka Community House Winnetka, IL | $15,269,238 | $4,423,430 |
Association Of American Voices Saint Louis, MO | $696,688 | $3,487,679 |