Studio At 620 Inc
- Assets
- $108.3k
- Revenue
- $419.8k
- Investments
- $0.0
- Employees
- 4
- Location
- St Petersburg, FL
- Founding
- 10/2004
- Data as of
- 06/2022
- EIN
- 52-2398308
Organization Overview
Studio At 620 Inc is located in St Petersburg, FL. The organization was established in 2004. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Studio At 620 Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Studio At 620 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 06/2022, Studio At 620 Inc generated $419.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $328.2k during the year ending 06/2022. While expenses have increased by 0.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE STUDIO AT 620 INC. IS TO PROVIDE A PLACE WHERE PEOPLE CAN EXPERIENCE ARTISTIC AND EDUCATIONAL PROGRAMS IN INNOVATIVE WAYS. IT IS THE GOAL OF THE ORGINATION TO: 1) BRING PEOPLE FROM DIVERSE CULTURAL BACKGROUNDS AND EXPERIENCES TOGETHER AS ARTISTS, AUDIENCES AND VOLUNTEERS 2) WORK COLLABORATIVELY WITH ARTISTIC, EDUCATIONAL AND CULTURAL ORGANIZATIONS IN AND BEYOND OUR COMMUNITY AND 3) DEVELOP ARTISTIC AND EDUCATIONAL PROGRAMS THAT INTEGRATE A VARIETY OF ART FORMS IN ORDER TO ENCOURAGE NEW CULTURAL EXPENRIENCES BOTH FOR THE AUDIENCE AND THE ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISUAL EMERGING ARTISTS - ART IS DISPLAYED AND SOLD FOR ARTISTS THAT WOULD NOT BE ABLE TO SHOW ANYWHERE ELSE.
PERFORMING EMERGING ARTS - ARTISTS (MUSICIANS, PLAYS, POETRY READING) CAN SHOW THEIR WORK. THESE EMERGING PERFORMING ARTISTS WOULD BE ABLE TO BE SHOWN OTHERWISE. ADMISSION IS CHARGED TO COVER COSTS. MIDTOWN THROUGH OUR EYES IS A ONE MONTH PART OF THIS PURPOSE. NO ADMISSION IS CHARGED.
NON PROFIT FACILITY USE - VARIOUS NON PROFITS USE THE ORGANIZATIONS FACILITY FOR COMMUNITY EVENTS TO HELP THEIR CAUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcus Welby Managing Dir | Officer | 40 | $51,385 |
Robert Devin Jones Artistic Dir | Officer | 40 | $36,469 |
Phil Price Board Chair | OfficerTrustee | 1 | $0 |
Derek Keys Director | Trustee | 1 | $0 |
Dexter Fabian Director | Trustee | 1 | $0 |
Lisa Welch Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,004 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $119,238 |
| All other contributions, gifts, grants, and similar amounts not included above | $132,769 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $265,011 |
| Total Program Service Revenue | $123,813 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $419,800 |
| 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 | $125,307 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,476 |
| 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 | $90,807 |
| Advertising and promotion | $2,535 |
| Office expenses | $3,350 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,506 |
| Travel | $2,465 |
| 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 | $521 |
| Insurance | $3,499 |
| All other expenses | $8,650 |
| Total functional expenses | $328,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,630 |
| 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 | $1,947 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $720 |
| Total assets | $108,297 |
| Accounts payable and accrued expenses | $887 |
| 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 | $887 |
| Net assets without donor restrictions | $107,410 |
| 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 | $108,297 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Studio At 620 Inc has recieved totaling $21,032.
| Awarding Organization | Amount |
|---|---|
Pinellas Community Foundation Clearwater, FL PURPOSE: GENERAL SUPPORT | $21,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $32 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Arts Inc Atlanta, GA | $7,711,292 | $5,611,811 |
Central Florida Community Arts Inc Orlando, FL | $1,775,519 | $1,587,078 |
Acorn Center For Restoration And Freedom Inc Covington, GA | $134,681 | $1,087,049 |
South Fulton Institute Inc Atlanta, GA | $1,909,108 | $891,815 |
St Petersburg Warehouse Arts District Inc Saint Petersburg, FL | $4,246,537 | $1,210,830 |
El Espacio 23 Inc Miami, FL | $6,319,448 | $659,257 |
Gadsden Arts Inc Quincy, FL | $3,309,221 | $583,615 |
Repurpose Project Gainesville, FL | $1,065,562 | $834,868 |
Artfest Fort Myers Inc Fort Myers, FL | $264,384 | $469,990 |
Handweavers Guild Of America Inc Atlanta, GA | $1,090,447 | $477,241 |
Hub On Canal Inc New Smyrna Beach, FL | $1,198,178 | $493,305 |
Cisneros Fontanals Foundation For The Arts Miami, FL | $7,132 | $430,753 |