Civic Intelligence

Studio in a School Association Inc

990 • Fiscal year 2020 • EIN 13-3003112

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 04, 2021

75 West End AvenueNew York, NY 10023

(212) 765-5900

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

36th percentile

0.11x

Higher debt load relative to assets than 36% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

56th percentile

0.36x

Higher debt load relative to revenue than 56% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

24th percentile

-5.2%

Higher net margin than 24% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

83rd percentile

$336,026

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 5.0% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

47th percentile

5.7%

Faster asset growth than 47% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

23rd percentile

-15%

Faster revenue growth than 23% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$22,907,698

Up $1,243,353 (+5.7%) from 2019

Net Assets

Up

$20,480,402

Up $110,500 (+0.5%) from 2019

Liabilities

Up

$2,427,296

Up $1,132,853 (+88%) from 2019

Revenue

Down

$6,769,552

Down $1,192,106 (-15%) from 2019

Expenses

Down

$7,118,232

Down $96,809 (-1.3%) from 2019

Net Income

Down

-$348,680

Down $1,095,297 (-147%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $12,251,875Liabilities 2010: $638,076Net Assets 2010: $11,613,7992010Assets 2011: $14,868,063Liabilities 2011: $1,054,936Net Assets 2011: $13,813,1272011Assets 2012: $14,636,393Liabilities 2012: $1,463,846Net Assets 2012: $13,172,5472012Assets 2013: $16,347,211Liabilities 2013: $1,062,325Net Assets 2013: $15,284,8862013Assets 2014: $17,370,615Liabilities 2014: $1,158,036Net Assets 2014: $16,212,5792014Assets 2015: $16,700,395Liabilities 2015: $1,328,898Net Assets 2015: $15,371,4972015Assets 2016: $16,663,828Liabilities 2016: $1,567,828Net Assets 2016: $15,096,0002016Assets 2017: $19,690,552Liabilities 2017: $1,162,732Net Assets 2017: $18,527,8202017Assets 2018: $20,673,487Liabilities 2018: $1,113,474Net Assets 2018: $19,560,0132018Assets 2019: $21,664,345Liabilities 2019: $1,294,443Net Assets 2019: $20,369,9022019Assets 2020: $22,907,698Liabilities 2020: $2,427,296Net Assets 2020: $20,480,4022020Assets 2021: $26,491,871Liabilities 2021: $2,053,424Net Assets 2021: $24,438,4472021Assets 2022: $22,912,697Liabilities 2022: $915,065Net Assets 2022: $21,997,6322022Assets 2023: $22,813,587Liabilities 2023: $878,104Net Assets 2023: $21,935,4832023Assets 2024: $24,987,374Liabilities 2024: $1,024,887Net Assets 2024: $23,962,4872024

Highlighted filing

2020

Assets$22,907,698
Liabilities$2,427,296
Net Assets$20,480,402

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $4,193,0452010Expenses 2011: $4,733,6642011Revenue 2012: $5,677,196Expenses 2012: $5,442,299Net Income 2012: $234,8972012Revenue 2013: $6,995,136Expenses 2013: $5,635,717Net Income 2013: $1,359,4192013Revenue 2014: $6,935,917Expenses 2014: $6,300,174Net Income 2014: $635,7432014Revenue 2015: $4,903,302Expenses 2015: $5,633,378Net Income 2015: -$730,0762015Revenue 2016: $7,289,666Expenses 2016: $7,120,307Net Income 2016: $169,3592016Revenue 2017: $9,081,515Expenses 2017: $6,718,983Net Income 2017: $2,362,5322017Revenue 2018: $7,286,127Expenses 2018: $6,777,960Net Income 2018: $508,1672018Revenue 2019: $7,961,658Expenses 2019: $7,215,041Net Income 2019: $746,6172019Revenue 2020: $6,769,552Expenses 2020: $7,118,232Net Income 2020: -$348,6802020Revenue 2021: $6,228,421Expenses 2021: $6,870,124Net Income 2021: -$641,7032021Revenue 2022: $9,343,625Expenses 2022: $8,408,257Net Income 2022: $935,3682022Revenue 2023: $8,309,707Expenses 2023: $10,101,533Net Income 2023: -$1,791,8262023Revenue 2024: $11,953,388Expenses 2024: $11,418,832Net Income 2024: $534,5562024

Highlighted filing

2020

Revenue$6,769,552
Expenses$7,118,232
Net Income-$348,680
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 4, 2021
Return Version
2019v5.1
Gross Receipts
$7,646,122
Mission and Program Overview

Mission

To foster creative & intellectual deve- lopment of students of all ages & collaborate with & support educators through quality visual arts programs led by arts professionals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$16,135,749$16,786,010▲ $650,261
Pledges and Grants Receivable$1,328,909$2,303,563▲ $974,654
Savings and Temporary Cash Investments$1,421,152$1,316,175▼ $104,977
Cash and Non-Interest-Bearing Accounts$705,185$1,070,536▲ $365,351
Investments in Publicly Traded Securities$758,825$615,167▼ $143,658
Accounts Receivable$878,025$359,691▼ $518,334
Loans From Officers Directors$0$236,175▲ $236,175
Land, Buildings, and Equipment, Net$131,142$128,166▼ $2,976
Prepaid Expenses and Deferred Charges$34,995$32,495▼ $2,500
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Total Assets$21,664,345$22,907,698▲ $1,243,353
Other Assets Total$270,363$295,895▲ $25,532
Liabilities
Other Liabilities$963,437$1,905,580▲ $942,143
Accounts Payable and Accrued Expenses$295,756$285,541▼ $10,215
Deferred Revenue$35,250$0▼ $35,250
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,294,443$2,427,296▲ $1,132,853
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,471,593$11,935,361▼ $536,232
Net Assets With Donor Restrictions$7,898,309$8,545,041▲ $646,732
Total Net Assets Fund Balance$20,369,902$20,480,402▲ $110,500
Total Liabilities and Net Assets / Fund Balance$21,664,345$22,907,698▲ $1,243,353

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$26,162$492,535$518,697
Leasehold Improvements$0$424,720$424,720
Other Land Buildings$102,004$147,728$249,732
Other Securities$16,315,678--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$12,525,838-▲ $1,113,744$550,000$13,089,582
2018$12,169,541-▲ $1,062,243$525,000$12,706,784
2017$11,831,152-▲ $1,104,834$766,445$12,169,541
2016$10,941,101-▲ $1,519,051$629,000$11,831,152
2015$13,588,757$606,373▼ $609,049$550,000$12,990,928
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas CahillPresident - Studio InstituteFT$298,000$38,026$336,026
Joyce lawlerdirector of developmentFT$122,198$18,417$140,615
Margo AmgottInterim Exec Dir., as of 6/19FT$98,903-$98,903
Christine OffermannDirector of Finance, Thru 09/19FT$91,389$6,269$97,658
Jon Fish 0919-1219Interim Director of financeFT$77,031-$77,031
Gregory PiersonDirector of Finance, as of 12/19FT$2,885-$2,885

Board Members and Trustees

NameTitle
Dr Vivian PanChair
Alison Scott-williamsPRESIDENT, as of 03/20
Dorothy LichtensteinVice chair
Kenneth CooperVice Chair
Amanda TaylorDirector
Erika FaustDirector
Hasna Muhammad Ed DDirector
Isabella HutchinsonDirector
Jane Kleindirector
Joanna MilsteinDirector
Kathryn McAuliffeDirector
Linda SafranDirector
Patricia Williamsdirector
Phong BUIDirector
Richard GlasebrookDirector
Shane NeufeldDirector
Tony BecharaDirector
Jennnifer CecereDIRECTOR, as of 01/20
Fred WilsonDirector, as of 04/20
Agnes GundFounder/director
Mary MattinglySecretary
Patricia Hewitt EsqTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,401,539
Program Service Revenue
$373,702
Investment Income
$993,201
Other Revenue
$1,110
All Other Contributions
$3,752,411
Change in Net Assets
$-348,680

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded9$531,931Market Quotation
Works of Art1$3,500selling price
Other Non Cash Contri Table1$650Cost
Total Noncash Contributions11$536,081-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,764,154
Revenue Not Reported on Financial Statements
$5,398
Revenue Not Reported on Form 990
$459,180
Total Revenue per Audited Statements
$7,223,334
Total Revenue per Form 990
$6,769,552
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,583,430
Other Expenses$1,270,720
Total Fundraising Expense$340,198
Grants and Similar Amounts Paid$264,082
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,382,552$537,534$205,191$4,125,277
Current Officers, Directors, Trustees, and Key Employees$563,311$89,399$34,189$686,899
Other Employee Benefits$473,768$72,979$29,086$575,833
Fees for Services Other$227,194$233,005$39,381$499,580
Grants to Domestic Orgs$223,293--$223,293
Payroll Taxes$90,915$14,004$5,581$110,500
Pension Plan Contributions$69,869$10,763$4,289$84,921
Occupancy$17,195$62,098-$79,293
Travel$70,306$8,603$34$78,943
Office Expenses$28,896$41,967$1,933$72,796
Fees for Services Accounting-$66,754-$66,754
Grants to Domestic Individuals$40,789--$40,789
Insurance-$22,845-$22,845
All Other Expenses$8,929$10,242$643$19,814
Depreciation Depletion$0$10,507$0$10,507
Other Expenses$6,775$6,728$19,255$6,775
Fees for Service Investment Mgmnt Fees-$5,398-$5,398
Conferences and Meetings$4,787$335$119$5,241
Advertising$2,584$1,447$497$4,528
Total Functional Expenses$5,439,513$1,338,521$340,198$7,118,232

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,118,232
Expenses per Audited Statements$7,112,834
Total Expenses per Audited Statements$7,112,834
Expenses Not Reported on Financial Statements$5,398
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
School Of Visual ArtsNew York, NYN/aScholarships$14,700
Fashion Institute Of Technology (SUNY)New York, NY501(c)(3)Scholarships$11,550
Providence Children's MuseumProvidence, RI501(c)(3)Arts Intern Program$7,760
Rhode Island School Of DesignProvidence, RI501(c)(3)Arts Intern Program$7,560
Brooklyn Children's MuseumBrooklyn, NY501(c)(3)Arts Intern Program$6,480
New York Hall Of ScienceFlushing, NY501(c)(3)Arts Intern Program$5,667
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$236,175▲ $236,175
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$1,042,333
Deferred Compensation$863,247
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11B:

The organization's management conducts an initial review of the form 990. The form 990 is then distributed to the full board of directors for the opportunity to review and make inquiry prior to filing with the irs.

FORM 990, PART VI, SECTION B, LINE 12C:

The officers, directors, and key employees of the studio in a school association, inc. Review the conflict of interest policy on an annual basis. This distribution is recorded in the contemporaneous minutes of the board meeting. The disclosure statements are signed and submitted to the chairperson of the board. Prior to their election, any potential members disclose, in writing, any interest in any corporation or other organization that provides goods or professional services to the corporation for a fee or other compensation. If at any time a director or officer acquires an interest in a matter that might pose a conflict, he or she promptly discloses such interest in writing to the chairperson of the board. When any matter in which a director, officer, or key employee has an interest comes before the board or a committee of the board for decision or approval, the interest shall immediately be disclosed to the board of committee by the individual who has the interest.

FORM 990, PART VI, SECTION B, LINES 15A AND 15B:

THE BUDGET AND PERSONNEL COMMITTEES OF THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION FOR THE PRESIDENT & CEO, EXECUTIVE DIRECTOR, and Director of finance -- THE KEY EMPLOYEES OF THE ORGANIZATION - THROUGH DELIBERATION AT ITS ANNUAL REVIEW MEETING OF THE PROPOSED ORGANIZATION BUDGET IN THE LATE SPRING (APRIL-MAY) OF EACH FISCAL YEAR FOR THE ENSUING FISCAL YEAR. IN ORDER TO DETERMINE COMPENSATION, THE COMMITTEE REVIEWS STAFF COMPENSATION HISTORY, AND DATA SUCH AS INFLATION. COMPARABILITY DATA IS PRESENTED (E.G., FROM THE PROFESSIONALS FOR NONPROFITS SALARY SURVEY). THE DELIBERATION IS CONTEMPORANEOUSLY SUBSTANTIATED THROUGH WRITTEN MINUTES OF THE MEETING(S). THE FINAL SALARY PROPOSAL IS PRESENTED AT THE MEETING OF THE BOARD OF DIRECTORS IN JUNE FOR APPROVAL AS PART OF THE PROPOSED ANNUAL EXPENSE BUDGET.

FORM 990, PART VI, SECTION C, LINE 19:

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Studio in a School Association Inc
EIN
13-3003112
In Care Of
% GREG PIERSON
Phone
2127655900
Address
75 West End Avenue, NEW YORK, NY 10023

Signing Officer

Name
Alison Scott-williams
Title
President
Phone
2124591455
Signed
2021-02-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alison Scott-williams
Formed
1979
Legal Domicile
Ny
Voting Board Members
22
Independent Board Members
21
Employees
330
Volunteers
21

Preparer

Firm
Bdo USA Llp
Address
100 PARK AVENUE, NEW YORK, NY 10017-5001
Preparer
Paul Hammerschmidt
Phone
2128858000
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 1:

STUDIO IN A SCHOOL ASSOCIATION OPERATES TWO Programmatically AND FINANCIALLY INDEPENDENT LLCS: - STUDIO IN A SCHOOL NYC, LLC REAFFIRMS THE ORGANIZATIONS COMMITMENT TO CORE DIRECT SERVICE AND EACH YEAR PROVIDES QUALITY VISUAL ARTS INSTRUCTION TO 30,000 STUDENTS FROM PRE-K THROUGH 12TH GRADE, IN-SCHOOL AND AFTER-SCHOOL, IN PARTNERSHIP WITH 200 SCHOOLS AND EDUCATIONAL SITES CITYWIDE. - STUDIO INSTITUTE, LLC PROVIDES PROFESSIONAL LEARNING PROGRAMS FOR EDUCATIONAL SYSTEMS, PARTNERSHIP PROGRAMS WITH CULTURAL AND COMMUNITY ORGANIZATIONS, ARTS INTERNSHIPS, AND THE DISSEMINATION OF ARTS EDUCATION RESEARCH IN LOCAL AND NATIONAL FORUMS. WITH A MANDATE TO REPLICATE AND Disseminate STUDIOS MODEL, THE INSTITUTE NOW OFFERS PROGRAMS IN BOSTON, CLEVELAND, MEMPHIS, NEWARK, PHILADELPHIA AND PROVIDENCE, AS WELL AS IN NEW YORK CITY. IN BOTH LLCS, STUDIOS APPROACH IS DISTINGUISHED BY: - THE COMMITMENT OF OUR ARTIST INSTRUCTORS, WHO ARE PROFESSIONAL, EXHIBITNG ARTISTS TRAINED IN STUDIOS METHODOLOGY; - A PRACTICE OF GENUINE COLLABORATION WITH EDUCATIONAL AND CULTURAL PARTNERS; - CURRICULA AND LEARNING EXPERIENCES THAT ARE AGE-APPROPRIATE AND MATERIALS-RICH, AND THAT HAVE MEASURABLE IMPACTS; - A CONSISTENT EMPHASIS ON ACCOUNTABILITY. FORM 990, PART III, LINE 4D: OTHER PROGRAM SERVICES: 1. EARLY CHILDHOOD PROGRAM: YEAR-LONG VISUAL ARTS RESIDENCIES FOR NYC TITLE I PUBLIC ELEMENTARY SCHOOLS AND PUBLICLY FUNDED NEW YORK CITY EARLY EDUCATION CENTERS (NYCEEC). THE AIM OF THE 1-YEAR PRE-K/K PROGRAM IS TO INSTITUTE ART ACTIVITIES AS A REGULAR PART OF STUDENTS' EDUCATIONAL PROGRAMMING, SUSTAINABLE AFTER STUDIO'S TENURE AT EACH SITE. A PROFESSIONAL ARTIST IN EACH SITE WORKED WITH BETWEEN 4 TO 5 CLASSES ONE DAY-PER-WEEK FOR 20 DIRECT SERVICE DAYS, PROVIDING ART INSTRUCTION AS WELL AS MENTORING TEACHERS. IN FY20, DUE TO THE PANDEMIC, INSTRUCTION SHIFTED TO VIRTUAL LEARNING. ALL INSTRUCTION required artists TO TEACH VIA A SCHOOL-BASED onLINE PLATFORM OR VIA ZOOM. IN ADDiTION STUDIO IN A SCHOOL CREATED STUDIO IN YOUR HOME WITH LESSONS DESIGNED FOR FAMILY LEARNING. 15 SITES PARTICIPATED IN FISCAL YEAR 2020; 1096 STUDENTS TOOK PART IN PAINTING, WOOD CONSTRUCTION, COLLAGE, AND CLAY UNITS Of STUDY; CLASSROOM TEACHERS ALSO RECEIVED TWO FULL-DAY PROFESSIONAL DEVELOPMENT SESSIONS AT STUDIO; ONE PARENT WORKSHOP WAS ALSO PROVIDED AT EACH SITE TO INTRODUCE ART MEDIA AND EXTEND ART ACTIVITIES AT HOME. THE SECOND COMPONENT TO THE EARLY CHILDHOOD PROGRAM IS THE PRE-K MENTORING RESIDENCY PROGRAM, DESIGNED SPECIFICALLY FOR TITLE I PUBLIC SCHOOLS AND NYCEECS. DURING THE PANDEMIC, 12 OUT OF 13 SPRING SEMESTER PRE-K MENTORING SITES ENGAGED IN DIGITAL LEARNING PRIOR TO THE PANDEMIC, FROM JULY 2019 THROUGH FEBRUARY 2020, 30 SCHOOLS PARTICIPATED WITH 1,932 STUDENTS. STUDIO REPLICATES EARLY CHILDHOOD PROGRAMS IN CLEVELAND, NEWARK AND MEMPHIS. expenses: $493,476. revenue: $75,875. 2. RESPONSE TO COVID-19: WHEN CITIES BEGAN CLOSING PROGRAMS AND SCHOOLS, PROGRAM STAFF FROM BOTH COMPANIES REACHED OUT TO PARTNER SCHOOLS AND SITES TO ASCERTAIN IF AND HOW WE COULD STAY ENGAGED TO BEST SERVE STUDENTS. IN NEW YORK CITY, MANY OF OUR PARTNER SITES EAGERLY AGREED TO CONTINUE THE PARTNERSHIP THROUGH DISTANCE LEARNING AND INSTRUCTIONAL MATERIALS, CREATED BY SIAS ARTIST INSTRUCTORS, WERE UPLOADED TO THE SCHOOL'S ONLINE LEARNING PLATFORM. THE MATERIALS INCLUDED VIDEO LESSONS DELIVERED BY THE ARTIST INSTRUCTOR WITH WRITTEN INSTRUCTIONS FOR THE CLASSROOM TEACHER, AS WELL AS RESOURCES SUCH AS REFLECTION WORKSHEETS, REFERENCE PHOTOS, ARTWORK IMAGES, AND DIDACTICS. ARTIST INSTRUCTORS WERE ABLE TO VIEW AND RESPOND TO SUBMITTED STUDENT ARTWORKS THROUGH THE DIGITAL CLASS PLATFORM AS PERMITTED BY EACH SCHOOL. AS SCHOOLS BECAME MORE ADEPT WITH DISTANCE LEARNING, SOME ARTIST INSTRUCTORS WERE INVITED TO DELIVER LIVE, 30- TO 45- MINUTE LESSONS. UNITS OF STUDY WERE ALSO MODIFIED TO USE MATERIALS THAT STUDENTS WERE MOST LIKELY TO HAVE AT HOME. FOR EXAMPLE, A CLASS IN PAPER MACH WAS REVISED TO USE ALUMINUM FOIL AS THE

Financial Statement Notes

part III, line 4:

THE ORGANIZATION RECEIVED CONTRIBUTIONS OF ARTWORK IN PRIOR YEARS TO BE SOLD TO RAISE FUNDS. VARIOUS PIECES OF ARTWORK ARE STILL IN THE ORGANIZATION'S POSSESSION. Part V, LINE 1a, column (a): beginning of year balance was restated to correct an error. Part V, LINE 4: THE ENDOWMENT'S OBJECTIVE IS TO PROVIDE AN ANNUAL EARNINGS CASH FLOW TO ASSIST IN COVERING THE COST OF THE REPORTING ORGANIZATION'S OPERATIONS.

PART X, LINE 2:

STUDIO IN A SCHOOL ASSOCIATION, INC. (THE "REPORTING ORGANIZATION") WAS INCORPORATED IN THE STATE OF NEW YORK AND IS EXEMPT FROM FEDERAL, STATE AND LOCAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND THEREFORE HAS MADE NO PROVISION FOR INCOME TAXES IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION. IN ADDITION, THE REPORTING ORGANIZATION HAS NOT TAKEN AN UNSUBSTANTIATED TAX POSITION THAT WOULD REQUIRE PROVISION OF A LIABILITY UNDER U.S. GAAP. Under U.S. GAAP, an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not the position will be sustained upon examination by a taxing authority. The reporting organization does not believe there are any material uncertain tax positions and, accordingly, has not recognized any liability for unrecognized tax benefits. The reporting organization has filed Internal Revenue Service ("IRS") Form 990, as required, and all other applicable returns in jurisdictions when it is required. For the year ended June 30, 2020, there was no income that was subject to unrelated business income tax, and there were no interest or penalties recorded or included in the financial statements.

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IRS990/Desc0THE RESIDENCY PROGRAM PROVIDES CUSTOMIZED VISUAL ARTS INSTRUCTION THAT SERVES DESIGNATED CLASSES, OFFERS SPECIFIC ART MEDIA, OR ADDRESSES THE NEEDS OF PARTICULAR STUDENTS, SUCH AS MULTILINGUAL LEARNERS OR STUDENTS WITH DISABILITIES. RANGING FROM 6 TO 20 WEEKS, RESIDENCIES SERVE STUDENTS BOTH DURING AND AFTER SCHOOL. STUDIO ARTIST INSTRUCTORS PROVIDE HANDS-ON VISUAL ART INSTRUCTION FOR STUDENTS AS WELL AS TEACHER AND FAMILY ENGAGEMENT IN THE VISUAL ARTS. DUE TO THE PANDEMIC IN 2020, INSTRUCTION SHIFTED TO VIRTUAL PLATFORMS. IN 2019-20, THE RESIDENCY PROGRAM SERVED 13,900 STUDENTS IN 241 RESIDENCES IN PARTNERSHIP WITH 124 PARTNER SITES IN ALL NYC BOROUGHS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President - Studio Institute
IRS990/Form990PartVIISectionAGrp/TitleTxt1director of development
IRS990/Form990PartVIISectionAGrp/TitleTxt2INTERIM EXEC DIR., AS OF 6/19
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIR. OF FINANCE, THRU 09/19
IRS990/Form990PartVIISectionAGrp/TitleTxt4Interim Dir. of finance
IRS990/Form990PartVIISectionAGrp/TitleTxt5Dir. of Finance, as of 12/19
IRS990/Form990PartVIISectionAGrp/TitleTxt6Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt7Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt8Vice chair
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IRS990/Form990PartVIISectionAGrp/TitleTxt10Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR, as of 01/20
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt25director
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IRS990/Form990PartVIISectionAGrp/TitleTxt27PRESIDENT, as of 03/20
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$25.0$1.02$24.0$12.0$11.4$0.53
2023Detailed filing. Detailed filing data is available for this year.$22.8$0.88$21.9$8.31$10.1$1.79
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.9$0.92$22.0$9.34$8.41$0.94
2021Detailed filing. Detailed filing data is available for this year.$26.5$2.05$24.4$6.23$6.87$0.64
2020Detailed filing. Detailed filing data is available for this year.$22.9$2.43$20.5$6.77$7.12$0.35
2019Detailed filing. Detailed filing data is available for this year.$21.7$1.29$20.4$7.96$7.22$0.75
2018Detailed filing. Detailed filing data is available for this year.$20.7$1.11$19.6$7.29$6.78$0.51
2017Detailed filing. Detailed filing data is available for this year.$19.7$1.16$18.5$9.08$6.72$2.36
2016Detailed filing. Detailed filing data is available for this year.$16.7$1.57$15.1$7.29$7.12$0.17
2015Detailed filing. Detailed filing data is available for this year.$16.7$1.33$15.4$4.90$5.63$0.73
2014Detailed filing. Detailed filing data is available for this year.$17.4$1.16$16.2$6.94$6.30$0.64
2013Summary only. Only limited summary data is available for this year.$16.3$1.06$15.3$7.00$5.64$1.36
2012Summary only. Only limited summary data is available for this year.$14.6$1.46$13.2$5.68$5.44$0.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.9$1.05$13.8$4.73
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.3$0.64$11.6$4.19