Middlebury Studio School
- Assets
- $527.6k
- Revenue
- $254.2k
- Investments
- $0.0
- Employees
- 25
- Location
- Middlebury, VT
- Founding
- 01/2010
- Data as of
- 12/2021
- EIN
- 26-4711953
Organization Overview
Middlebury Studio School is located in Middlebury, VT. The organization was established in 2010. According to its NTEE Classification (B94) the organization is classified as: Parent & Teacher Groups, under the broad grouping of Education and related organizations. As of 12/2021, Middlebury Studio School employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Middlebury Studio School 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, Middlebury Studio School generated $254.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $235.6k during the year ending 12/2021. While expenses have increased by 12.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CRAFT AND FINE ARTS EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CRAFTS AND FINE ARTS EDUCATION OPPORTUNITIES IN THE COMMUNITY FOR PEOPLE OF ALL AGES AND ABILITIES.
PROVIDE CRAFTS AND FINE ARTS EDUCATION OPPORTUNITIES IN THE COMMUNITY FOR PEOPLE OF ALL AGES AND ABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Briggs Executive Di | Officer | 40 | $32,692 |
Barbara Z Nelson Treasurer | OfficerTrustee | 3 | $0 |
Mary Lower President | OfficerTrustee | 2 | $0 |
Michaela Granstrom Secretary | OfficerTrustee | 1 | $0 |
Leslie Kameny Member | Trustee | 2 | $0 |
Andrea Kvasnak Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,732 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,332 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $104,064 |
| Total Program Service Revenue | $145,908 |
| Investment income | $2,786 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,306 |
| Net Gain/Loss on Asset Sales | $180 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $254,244 |
| 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. | $35,283 |
| Compensation of current officers, directors, key employees. | $35,283 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,020 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,307 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,353 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,250 |
| Office expenses | $4,932 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,656 |
| Travel | $34 |
| 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 | $6,000 |
| Insurance | $3,774 |
| All other expenses | $3,867 |
| Total functional expenses | $235,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,209 |
| Savings and temporary cash investments | $62,680 |
| 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 | $2,247 |
| Net Land, buildings, and equipment | $251,474 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $527,610 |
| Accounts payable and accrued expenses | $7,394 |
| 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 | $7,394 |
| Net assets without donor restrictions | $483,720 |
| Net assets with donor restrictions | $36,496 |
| 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 | $527,610 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Middlebury Studio School has recieved totaling $91,462.
| Awarding Organization | Amount |
|---|---|
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $61,500 |
Vermont Council On The Arts Inc Montpelier, VT PURPOSE: GENERAL PURPOSE | $10,880 |
Stony Water 2005 Charitable Tr Manchester Center, VT PURPOSE: GENERAL GRANT | $10,000 |
M&c Somewhere Foundation Ripton, VT PURPOSE: GENERAL FUND | $7,100 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston After School & Beyond Inc Boston, MA | $8,204,182 | $8,812,020 |
Ketchum Grande Memoriall School Burnt Hills, NY | $5,061,922 | $2,742,920 |
Friends Of Dpny Inc Bronx, NY | $12,098,306 | $76,758 |
Parent Network Of New York State 1 Inc Buffalo, NY | $897,393 | $1,372,692 |
Parents And Teachers Association Of P S 29 Inc Brooklyn, NY | $571,073 | $1,446,218 |
Ps 58 Parent Teacher Association Brooklyn, NY | $738,322 | $1,192,013 |
Pta New York Congress Bronxville, NY | $696,365 | $1,040,699 |
Pta New York Congress Albany, NY | $3,135,805 | $778,485 |
Hunter College Elementary School Parent Teacher Association Inc New York, NY | $1,255,502 | $580,301 |
The Lower Lab School Parent Teachers Association Inc New York, NY | $743,672 | $980,994 |
Parents Association Of P S 158 M New York, NY | $537,823 | $943,307 |
Hunter College High School Parents Teachers Association New York, NY | $1,825,934 | $904,365 |