4 Elements Studio Inc
- Assets
- $119.0k
- Revenue
- $340.0k
- Investments
- $54.0k
- Employees
- 12
- Location
- Utica, NY
- Founding
- 11/2019
- Data as of
- 12/2023
- EIN
- 83-4550059
Organization Overview
4 Elements Studio Inc is located in Utica, NY. The organization was established in 2019. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, 4 Elements Studio Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 4 Elements 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 12/2023, 4 Elements Studio Inc generated $340.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $365.5k during the year ending 12/2023. While expenses have increased by 23.8% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
4 ELEMENTS STUDIO IS A COMMUNITY ARTS CENTER DEDICATED TO ENGAGING AND EDUCATING THE COMMUNITY THROUGH A RANGE OF ARTISTIC EXPERIENCES AND PROGRAMMING. WE STRIVE TO PROVIDE OPPORTUNITIES AND RESOURCES TO ARTISTS, THE COMMUNITY AND INDIVIDUALS WITH A WIDE SPECTRUM OF DISABILITIES BY OFFERING WORKSHOPS, GALLERY SPACE, EXHIBITIONS, WORK SPACE AND EQUIPMENT TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
4 ELEMENTS STUDIO IS A COMMUNITY ARTS CENTER DEDICATED TO ENGAGING AND EDUCATING THE COMMUNITY THROUGH A RANGE OF ARTISTIC EXPERIENCES AND PROGRAMMING. WE STRIVE TO PROVIDE OPPORTUNITIES AND RESOURCES TO ARTISTS, THE COMMUNITY AND INDIVIDUALS WITH A WIDE SPECTRUM OF DISABILITIES BY OFFERING WORKSHOPS, GALLERY SPACE, EXHIBITIONS, WORK SPACE AND EQUIPMENT TO THE PUBLIC.
4 ELEMENTS STUDIO IS A COMMUNITY ARTS CENTER DEDICATED TO ENGAGING AND EDUCATING THE COMMUNITY THROUGH A RANGE OF ARTISTIC EXPERIENCES AND PROGRAMMING. WE STRIVE TO PROVIDE OPPORTUNITIES AND RESOURCES TO ARTISTS, THE COMMUNITY AND INDIVIDUALS WITH A WIDE SPECTRUM OF DISABILITIES BY OFFERING WORKSHOPS, GALLERY SPACE, EXHIBITIONS, WORK SPACE AND EQUIPMENT TO THE PUBLIC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vartan Poghosian Education Di | Officer | 35 | $61,510 |
Dana Kelsey Director | Officer | 35 | $51,557 |
Pete Blanchfield Treasurer | Trustee | $0 | |
Jen Rotundo Fanelli Secretary | OfficerTrustee | $0 | |
C Jerry Vitiello President | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $49,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,376 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,876 |
| Total Program Service Revenue | $218,063 |
| Investment income | $36 |
| 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 | $339,975 |
| 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 | $229,820 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,582 |
| Payroll taxes | $20,478 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,474 |
| Fees for services: Investment Management | $336 |
| Fees for services: Other | $21,584 |
| Advertising and promotion | $1,954 |
| Office expenses | $3,179 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,375 |
| Travel | $0 |
| 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 | $1,628 |
| Insurance | $717 |
| All other expenses | $1,333 |
| Total functional expenses | $365,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,670 |
| 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 | $25,336 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $53,979 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $118,985 |
| Accounts payable and accrued expenses | $10,203 |
| 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 | $10,203 |
| Net assets without donor restrictions | $0 |
| 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 | $108,782 |
| Total liabilities and net assets/fund balances | $118,985 |