Studio Two Three is located in Richmond, VA. The organization was established in 2011. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Studio Two Three employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Studio Two Three 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 12/2023, Studio Two Three generated $731.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $962.1k during the year ending 12/2023. While expenses have increased by 19.0% 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
STUDIO TWO THREE EMPOWERS ARTISTS TO MAKE ART AND MAKE CHANGE. STUDIO TWO THREE IS A NONPROFIT COMMUNITY PRINT STUDIO AND ART SPACE, FOUNDED IN 2009. WE BELIEVE IN RADICAL GENEROSITY, THE POWER OF COMMUNITY ART PRODUCTION AND STORYTELLING AND THAT COMMUNITY ARTISTS ARE INTEGRAL TO SOCIAL AND SYSTEMIC CHANGE. WE ARE A BUSY HOME TO OVER 130 ARTIST MEMBERS THAT RUNS OFF OF TRUST AND A CULTURE OF MUTUAL AID. MEMBERS HAVE 24/7 ACCESS, SHARE RESOURCES AND IDEAS, AND COLLABORATE ON PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY PRINT SHOP AND ARTIST MEMBERSHIP: AS A COMMUNITY ART ORGANIZATION, WE BELEIVE DEEPLY IN THE POWER OF PRINTMAKING TO AMPLIFY THE VOICES, STORIES AND PERSPECTIVES OF OUR COMMUNITY. PRINTMAKING IS AN ACCESSIBLE, AFFORDABLE MEANS OF MASS PRODUCTION, AND A TOOL FOR CIVIC ENGAGEMENT. WE PROVIDE OVER 100 ARTISTS WITH 24/7 ACCESS TO PRINTING PRESSES, DARKROOM, DIGITAL LAB, COMMUNAL TOOLS AND WORKPACE, TO SUPPORT ART MAKING FOR PERSONAL AND SOCIAL CHANGE. WE PROUDLY HOST ARTS AND ADVOCACY PROJECTS, INCLUDING PERFORMING STATISTICS (AN 8 WEEK SUMMER INSTITUTE THAT WORKS WITH INCARCERATED YOUTH TO CREATIVELY REIMAGINE THE MILK RIVER ARTS (AN ONGOING STUDIO PROGRAM FOR NEURODIVERSE ARTISTS)), RICHMOND PUBLIC SCHOOLS (WE PROVIDE SPACE, EDUCATIONAL ASSISTANCE AND PRINT MAKING FOR THEIR ADVOCACY MEETINGS AND EVENTS).
COMMUMITY PRINTMAKING: STUDIO TWO THREE BRINGS ITS MOBILE PRINT TRUCK INTO THE COMMUNITY IN SUPPORT FOR FREE COMMUNITY PRINTMAKIING ACTIVITIES. THE TRUCK VISITS FESTIVALS, NONPROFITS, COMMUNITY EVENTS, AND COLLABORATES WITH ARTS AND ACTIVIST COMMUNTIIES WORKING ON SOCIAL JUSTICE ISSUES IN THE CITY OF RICHMOND AND BEYOND. THE STUDIO HOLDS SEVERAL COMMUNITY PRINTMAKING DAYS A MONTH; THE CONTENT VARIES EACH TIME. PROCESSES INCLUDE SCREEN PRINTING T-SHIRTS AND POSTERS, PRINTING GIANT LETTERPRESS BANNERS, AND USING THE PRINT TRUCK AS A MOBILE DARKROOM TO SHOT AND DEVELOP LARGE-FRAME PHOTGRAPHIC PORTRAITS.
WORKSHOPS, ARTIST RESIDENCY & EDUCATION: STUDIO TWO THREE OFFERS A VARIETY OF COMMUNITY CLASSES AND WORKSHOPS THROUGHOUT THE YEAR IN PRINTMAKING, PHOTOGRAPHY, AND OTHER ART TECHNIQUES. CLASSES ARE OFFERED ON A SLIDING SCALE, WITH SCHOLARSHIP SPOTS AVAILABLE FOR THOSE IN NEED OF FINANCIAL ASSISTANCE. THROUGH ITS MAKE ART WORK PROGRAMMING, THE STUDIO ALSO OFFERS ARTIST RESIDENCY, BUSINESS CLASSES, CAREER TRAINING, PROFESSIONAL DEVELOPMENT AND MENTORSHIP TO ARTISTS TO HELP THEM BUILD SUSTAINABLE CAREERS. THE STUDIO ALSO HOSTS ON-SITE AND OFF-SITE FIELD TRIPS FOR K-12 STUDENTS, NONPROFIT COMMUNITY ORGANIZATIONS, GALLERIES AND MUSEUMS AND OTHER EDUCATIONAL VENUES THROUGHOUT VIRGINIA.
STUDIO TWO THREE STORE, ARTIST MARKETS AND ARTWORK SALES: THE STUDIO STORE FEATURES WORK BY TALENTED LOCAL ARTISTS WHO ARE ARTIST MEMBERS, TEACHERS, AND VOLUNTEERS. THE STORE PROVIDES LOCAL ARTISTS WITH THE OPPORTUNITY TO SELL THEIR WORK AND BUILD THEIR CAREERS IN THE ARTS. THE STUDIO ALSO FEATURES SALES OF LOCAL ARTISTS WORK AT VENDOR MARKETS, THEIR ANNUAL WINTER MARKET AND FALL ART AUCTION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ashley Hawkins Executive Di | Officer | 40 | $79,000 |
Ram Bhagat Director | Trustee | 1 | $0 |
Hampton Boyer Director | Trustee | 1 | $0 |
Mitch Crowder Secretary | OfficerTrustee | 2 | $0 |
Aimee Joyaux Director | Trustee | 1 | $0 |
Kelli Lemmon Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $27,199 |
Related organizations | $0 |
Government grants | $39,500 |
All other contributions, gifts, grants, and similar amounts not included above | $268,291 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $334,990 |
Total Program Service Revenue | $350,956 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $45,613 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $731,559 |
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. | $79,000 |
Compensation of current officers, directors, key employees. | $15,800 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $113,305 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $14,789 |
Payroll taxes | $46,699 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,563 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $28,902 |
Advertising and promotion | $4,464 |
Office expenses | $43,354 |
Information technology | $5,412 |
Royalties | $0 |
Occupancy | $338,543 |
Travel | $17,086 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $38,155 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $17,062 |
Insurance | $17,538 |
All other expenses | $15,082 |
Total functional expenses | $962,093 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $250,445 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $277,005 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $3,516 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $106,375 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $566,593 |
Total assets | $1,203,934 |
Accounts payable and accrued expenses | $17,018 |
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 | $36,451 |
Unsecured mortgages and notes payable | $154,209 |
Other liabilities | $98,439 |
Total liabilities | $306,117 |
Net assets without donor restrictions | $897,817 |
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 | $1,203,934 |