Dynamo Studios
- Assets
- $389.9k
- Revenue
- $557.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Ooltewah, TN
- Founding
- 12/2015
- Data as of
- 12/2023
- EIN
- 81-0756710
Organization Overview
Dynamo Studios is located in Ooltewah, TN. The organization was established in 2015. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Dynamo Studios employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dynamo 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 12/2023, Dynamo Studios generated $557.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 45.3% each year . All expenses for the organization totaled $296.1k during the year ending 12/2023. While expenses have increased by 51.5% per year over the past 5 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DYNAMO STUDIOS PROVIDES AN ENVIRONMENT AND RESOURCES FOR STUDENTS TO HARNESS THEIR CREATIVE POTENTIAL USING THE ARTS (STUDIO PRODUCTION AND MUSIC), EDUCATION, AND TECHNOLOGY AS A CATALYST TO PROMOTE CULTURAL GROWTH, COMMUNITY GROWTH AND REAL-WORLD OPPORTUNITIES FOR PARTICIPANTS AT A FREE OR REDUCED RATE.
Describe the Organization's Program Activity:
IN-SCHOOL PROGRAM:ALL IN SCHOOL PROGRAMS FOLLOW VARIOUS TEACHING STANDARDS THAT WE STRUCTURE THE CLASSES/PROGRAMS AROUND (NATIONAL ARTS MEDIA AND A/V CTE STANDARDS) SO THAT STUDENTS ARE ABLE TO RECEIVED CREDIT FOR THEIR TIME IN THESE CLASSES. BEYOND OUR IN-SCHOOL RELATED ART CLASSES, THE DYNAMO STUDIOS TEACHERS SUPPORT AFTER-SCHOOL/EXTRACURRICULAR PROGRAMMING 4-5 DAYS PER WEEK. THROUGH THIS PROGRAMMING, WE WILL IMPACT AROUND 1,500+ PARTICIPANTS.
MENTORSHIP PROGRAM IN SCHOOLS:AT THE START OF THE HCDE 2023-2024 SCHOOL YEAR, DYNAMO STUDIOS PLANS TO CONTINUE THIS WORK THROUGH FUNDING AND STAFFING THREE FULL-TIME TEACHER POSITIONS THAT WILL WORK BETWEEN HOWARD CONNECT ACADEMY AND HOWARD HIGH SCHOOL AS WELL AS SUPPORTING PROGRAMMING AT CHATT PREP, DALEWOOD MIDDLE SCHOOL, AND CENTER FOR CREATIVE ARTS. ADDITIONALLY, ONE OF THESE POSITIONS DIRECTS A ROBUST MENTORSHIP PROGRAM SUPPORTING STUDENTS WELL BEYOND THE CLASSROOM, IMPACTING AROUND 1500 PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyler Orr Director | Trustee | 1 | $0 |
Pablo Mazariegos Director | Trustee | 1 | $0 |
Brian Bush Director | Trustee | 1 | $0 |
Tessa Voccola Director | Trustee | 1 | $0 |
Ross Louw Director | Trustee | 5 | $0 |
Kessler Cuffman Executive Director | Officer | 40 | $65,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $300,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $257,211 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $557,211 |
| Total Program Service Revenue | $150 |
| 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 | $557,361 |
| 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. | $75,946 |
| Compensation of current officers, directors, key employees. | $2,278 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,640 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,049 |
| Fees for services: Management | $23 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,642 |
| Advertising and promotion | $0 |
| Office expenses | $784 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $690 |
| Travel | $412 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $117 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,837 |
| Insurance | $1,064 |
| All other expenses | $102 |
| Total functional expenses | $296,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,166 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $27,100 |
| 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 | $184,682 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $389,948 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $378,048 |
| Net assets with donor restrictions | $11,900 |
| 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 | $389,948 |