Bluseed Studios Inc
- Assets
- $301.6k
- Revenue
- $90.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Saranac Lake, NY
- Founding
- 09/2007
- Data as of
- 12/2021
- EIN
- 80-0030909
Organization Overview
Bluseed Studios Inc is located in Saranac Lake, NY. The organization was established in 2007. According to its NTEE Classification (A90) the organization is classified as: Arts Services, 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. Bluseed Studios 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 12/2021, Bluseed Studios Inc generated $90.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $90.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 7 years. 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
TO PROMOTE ART AND ART EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE ART AND ART EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Kurtz President | OfficerTrustee | $0 | |
Christopher Covert Vice Preside | OfficerTrustee | $0 | |
Sandra Hildreth Board Member | Trustee | $0 | |
Richard Burdt Board Member | Trustee | $0 | |
Katherine Levin-Lau Board Member | Trustee | $0 | |
Susan Miller Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,630 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,228 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,158 |
| Total Program Service Revenue | $4,812 |
| 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 | $2,347 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $90,051 |
| 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 | $20,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,797 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $301 |
| Fees for services: Accounting | $656 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,605 |
| Advertising and promotion | $1,976 |
| Office expenses | $5,296 |
| Information technology | $2,040 |
| Royalties | $0 |
| Occupancy | $13,159 |
| Travel | $11 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $164 |
| Interest | $9,694 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,539 |
| Insurance | $5,754 |
| All other expenses | $631 |
| Total functional expenses | $90,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,043 |
| Savings and temporary cash investments | $380 |
| 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 | $264,179 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $301,602 |
| Accounts payable and accrued expenses | $541 |
| 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 | $202,027 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $202,568 |
| Net assets without donor restrictions | $99,034 |
| 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 | $301,602 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bluseed Studios Inc has recieved totaling $30.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $30 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Corporation Of Yaddo Saratoga Springs, NY | $58,580,101 | $4,491,706 |
Emerson Umbrella Inc Concord, MA | $32,547,256 | $2,816,448 |
The Elizabeth Foundation For The Arts New York, NY | $6,747,925 | $1,576,303 |
Kaatsbaan International Dance Center Inc Tivoli, NY | $2,917,016 | $1,601,121 |
Jane And Jack Fitzpatrick Tr Stockbridge, MA | $16,214,471 | $1,247,768 |
Association For Promotion Of Jewish Secularism Valley Stream, NY | $1,073,582 | $1,051,769 |
Volunteer Lawyers For The Arts Inc New York, NY | $1,760,254 | $1,417,543 |
Arts & Business Council Of Greater Boston Inc Boston, MA | $4,352,780 | $1,647,322 |
Womens Studio Workshop Inc Rosendale, NY | $1,606,567 | $544,946 |
New Brunswick Cultural Center Inc New Brunswick, NJ | $14,306,662 | $403,521 |
Smack Mellon Studios Inc Brooklyn, NY | $757,795 | $747,790 |
Writers Room Inc New York, NY | $687,641 | $527,713 |