Grime Studios
- Assets
- $240.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 02/2016
- Data as of
- 12/2020
- EIN
- 47-2104306
Organization Overview
Grime Studios is located in Portland, ME. The organization was established in 2016. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grime Studios 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 12/2020, Grime Studios generated $120.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $104.9k during the year ending 12/2020. While expenses have increased by 4.6% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
ENHANCING MUSICIAN EDUCATION WITH REHEARSAL SPACE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Curtsinger President | 50 | $15,600 | |
Eileen Monahan Treasurer | 0 | $0 | |
Kevin P Gallagher II Secretary | 0 | $0 | |
Thomas E Blackburn Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,045 |
| Total Program Service Revenue | $113,044 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $120,089 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $2,014 |
| Salaries, other compensation, and employee benefits | $16,793 |
| Professional fees and other payments to independent contractors | $2,461 |
| Occupancy, rent, utilities, and maintenance | $69,575 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $14,070 |
| Total expenses | $104,913 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,740 |
| Other assets | $0 |
| Total assets | $240,661 |
| Total liabilities | $185,396 |
| Net assets or fund balances | $55,265 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grime Studios has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Davis Family Foundation Yarmouth, ME PURPOSE: Music Studio Development, Phase 2 | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Portsmouth Music And Arts Center Inc Portsmouth, NH | $1,568,792 | $1,079,924 |
Manchester Community Music School Manchester, NH | $1,328,158 | $1,138,182 |
Upper Valley Music Center Inc Lebanon, NH | $2,795,970 | $1,982,663 |
Apple Hill Center For Chamber Music Inc East Sullivan, NH | $1,628,321 | $937,243 |
Bowdoin International Music Festival Brunswick, ME | $4,398,499 | $875,017 |
Maine Academy Of Modern Music Portland, ME | $78,120 | $568,581 |
York County Arena Association Biddeford, ME | $264,802 | $514,472 |
New Hampshire Music Festival Inc Plymouth, NH | $321,298 | $505,242 |
The 1932 Criterion Theatre Bar Harbor, ME | $3,264,172 | $729,367 |
Great Waters Music Festival Inc Wolfeboro, NH | $450,267 | $658,682 |
Friends Of The Kotzschmar Organ Inc Portland, ME | $1,004,147 | $291,264 |
Ashuelot Concerts Keene, NH | $81,430 | $0 |