Studio-180
- Assets
- $68.3k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 2
- Location
- Minneapolis, MN
- Founding
- 03/2010
- Data as of
- 12/2023
- EIN
- 32-0264137
Organization Overview
Studio-180 is located in Minneapolis, MN. The organization was established in 2010. According to its NTEE Classification (U19) the organization is classified as: Support N.E.C., under the broad grouping of Science & Technology and related organizations. As of 12/2023, Studio-180 employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Studio-180 is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TRAINING COMMUNITY LEADERS AND INDIVIDUALS IN THE TRADE INDUSTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RISING YOUNG LEADERS PROGRAM TRAINING COMMUNITY LEADERS IN SKILLS NEEDED TO IMPROVE OPPORTUNITIES FOR ALL PEOPLE WITH A MISSION OF "DISCOVERING AND DEVELOPING TRANSFORMATIONAL LEADERS" IN ORDER FOR THEM TO RETURN TO THEIR OWN COMMUNITY AND BEGIN THE TRANSFORMATION OF THEIR COMMUNITIES IN EDUCATION,SAFETY, WORK, HOUSING, AND NUTRITION.
THE DIFFERENCE YOU CAN MAKE. A FILM THAT TAKES PEOPLE ON A JOURNEY TOWARD GREATER THOUGHTFULNESS AND AWARENESS. THE STEPS WILL PLANT SEEDS OF CONTINUED GROWTH, AND CHANGE OUR CULTURE FROM ONE THAT IS DIVIDED INTO ONE THAT EXPERIENCES UNITY AND A BETTER LIFE FOR EVERYONE.
HIGHWAY OF HOPE FILM FILM DOCUMENTED THE DESTRUCTION OF LAKE STREET MINNEAPOLIS AFTER THE MURDER OF GEORGE FLOYD AND SET OUT OPTIONS AND WAYS TO REBUILD AND REIMAGINE LAKE STREET AFTER THE RIOTS. FILM SHOWN TO VARIOUS GROUPS TO ENOURAGE THEM TO WORK TOWARD TRANSFORMATION IN THE MINNEAPLIS COMMUNITY AND OTHER COMMUNITIES.
LAKE STREET WORKS PROGRAM: LAKE STREET WORKS (LSW)IS A CAREER PATHWAY PROGRAM DESIGNED TO PREPARE TEENAGERS AND YOUNG ADULTS TO NAVIGATE THE FINANCIAL CHALLENGES OF ADULTHOOD BEGINNING WITH EARNING A CONSISTENT LIVING-WAGE INCOME THROUGH A CAREER IN CONSTRUCTION. THE PROGRAM FOCUSES ON MINORITY STUDENTS AGES 14-24. THE PROGRAM IS IN ITS START UP ORGANIZATIONAL STAGE BRINGING TOGETHER PARTNERS E.G. TRADE UNIONS AND TECHNICAL COLLEGE AND TO SECURE FUNDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wallace A Erickson Ceo, Member | Officer | 40 | $80,000 |
Kristina Alkhoury Member Bod | Trustee | 10 | $0 |
Greg Boone Member | Trustee | 10 | $0 |
Melinda Cathey Member Bod | Trustee | 10 | $0 |
Mark Cooper Member | Trustee | 10 | $0 |
James Holmes Jr Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,426,793 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,426,793 |
| Total Program Service Revenue | $0 |
| Investment income | $20,179 |
| 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 | $1,446,972 |
| 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 | $80,000 |
| Other salaries and wages | $366,247 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,415 |
| Office expenses | $205,099 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $140,130 |
| 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 | $0 |
| Insurance | $7,578 |
| All other expenses | $0 |
| Total functional expenses | $2,593,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,658 |
| Savings and temporary cash investments | $0 |
| 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 | $12,606 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $68,264 |
| Accounts payable and accrued expenses | $268,851 |
| 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 | $268,851 |
| Net assets without donor restrictions | -$200,587 |
| 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 | $68,264 |