Studio Route 29
- Assets
- $196.6k
- Revenue
- $498.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Frenchtown, NJ
- Founding
- Data as of
- 12/2023
- EIN
- 88-1054629
Organization Overview
Studio Route 29 is located in Frenchtown, NJ. 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, Studio Route 29 employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Studio Route 29 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, Studio Route 29 generated $498.3k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 39.3% each year . All expenses for the organization totaled $403.9k during the year ending 12/2023. 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
STUDIO ROUTE 29 IS A PROGRESSIVE ART STUDIO. THE SPECIFIC OBJECTIVES OF THIS CORPORATION ARE TO PROVIDE A CREATIVE ARTS PROGRAM FOR PEOPLE WITH DISABILITIES TO EXPLORE AND DEVELOP AN ARTISTIC PRACTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDIO - THERE ARE CURRENTLY 35 ENROLLED ARTISTS WITH DISABILITIES MEETING WEEKLY. WE ALSO HOST SEVERAL SCHOOL PROGRAMS FOR 40 STUDENTS WITH DISABILITIES, AT NO COST, FOR PRE-VOCATIONAL TRAINING AND COMPLETE ACCESS TO ALL OF OUR STUDIO ACTIVITIES. WE HOST PUBLIC EXHIBITIONS, MONTHLY FILM SCREEINGS, ARTIST TALKS AND INTERVIEWS THAT CREATE INCLUSIVE OPPORTUNITIES FOR THOSE HISTORICALLY DISPOSSESSED OF THEM. THIS YEAR THE STUDIO CREATED CREATED A LIBRARY, HOSTED A FASHION SHOW, A CIRCUS AND A FARMER'S MARKET. WORKSHOPS, PROGRAMS, EXHIBITIONS AND OUTREACH IMPACTED 13,470 VISITORS AND COMMUNITY MEMBERS RAISING AWARENESS OF DISABILITY ARTS IN OUR COMMUNITY AND BEYOND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Henderson- Director | OfficerTrustee | 40 | $121,350 |
Lydia Glen-Murray | Officer | 40 | $60,675 |
Henderson Peternell | Officer | 40 | $60,675 |
Jill Kearney - Director | Trustee | 10 | $0 |
Lacy Phelps - Treasurer | Trustee | 10 | $0 |
Michael Peternell - President | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $413,594 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $413,594 |
| Total Program Service Revenue | $53,563 |
| Investment income | $148 |
| 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 | $31,042 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $498,347 |
| 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. | $242,700 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,272 |
| Payroll taxes | $22,991 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,498 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,515 |
| Office expenses | $2,331 |
| Information technology | $2,819 |
| Royalties | $0 |
| Occupancy | $20,159 |
| Travel | $361 |
| 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 | $0 |
| Insurance | $6,596 |
| All other expenses | $13,797 |
| Total functional expenses | $403,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $196,627 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $196,627 |
| 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 | $452 |
| Total liabilities | $452 |
| Net assets without donor restrictions | $196,175 |
| 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 | $196,627 |