Bright Rising Studio Inc
- Assets
- $28.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Waukesha, WI
- Founding
- 02/2018
- Data as of
- 05/2024
- EIN
- 82-1875225
Organization Overview
Bright Rising Studio Inc is located in Waukesha, WI. The organization was established in 2018. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Bright Rising Studio 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 05/2024, Bright Rising Studio Inc generated $68.2k 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 (6.9%) each year. All expenses for the organization totaled $77.9k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Hudson President | 2 | $0 | |
Nicole Barnes Vice President | 3 | $0 | |
Kim Bovre Secretary | 2.25 | $0 | |
Jay Schneider Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $68,149 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1 |
| Total Revenue | $68,150 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $53,677 |
| Professional fees and other payments to independent contractors | $2,737 |
| Occupancy, rent, utilities, and maintenance | $4,200 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $17,320 |
| Total expenses | $77,934 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,111 |
| Other assets | $0 |
| Total assets | $28,111 |
| Total liabilities | $19,503 |
| Net assets or fund balances | $8,608 |