Civic Intelligence

The Clay Studio

990 • Fiscal year 2022 • EIN 23-7380408

Jun 01, 2021 to May 31, 2022 • Filed on Mar 07, 2023

1425 N American StPhiladelphia, PA 19122

(215) 925-3453

Siviq Scores

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

Liabilities / Assets

71st percentile

0.41x

Higher debt load relative to assets than 71% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

75th percentile

0.70x

Higher debt load relative to revenue than 75% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

94th percentile

72%

Higher net margin than 94% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

28th percentile

$120,146

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

93rd percentile

61%

Faster asset growth than 93% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

97th percentile

285%

Faster revenue growth than 97% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$16,944,971

Up $6,410,133 (+61%) from 2021

Net Assets

Up

$10,025,903

Up $7,003,668 (+232%) from 2021

Liabilities

Down

$6,919,068

Down $593,535 (-7.9%) from 2021

Revenue

Up

$9,873,164

Up $7,308,862 (+285%) from 2021

Expenses

Down

$2,782,665

Down $619,581 (-18%) from 2021

Net Income

Up

$7,090,499

Up $7,928,443 (+946%) from 2021

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $1,663,356Liabilities 2011: $82,850Net Assets 2011: $1,580,5062011Assets 2012: $1,262,805Liabilities 2012: $78,533Net Assets 2012: $1,184,2722012Assets 2013: $921,971Liabilities 2013: $111,049Net Assets 2013: $810,9222013Assets 2014: $1,210,703Liabilities 2014: $103,631Net Assets 2014: $1,107,0722014Assets 2015: $1,372,052Liabilities 2015: $140,784Net Assets 2015: $1,231,2682015Assets 2016: $1,713,621Liabilities 2016: $132,688Net Assets 2016: $1,580,9332016Assets 2017: $1,758,530Liabilities 2017: $151,883Net Assets 2017: $1,606,6472017Assets 2018: $2,750,596Liabilities 2018: $185,604Net Assets 2018: $2,564,9922018Assets 2019: $8,926,999Liabilities 2019: $4,875,955Net Assets 2019: $4,051,0442019Assets 2020: $11,482,288Liabilities 2020: $7,622,109Net Assets 2020: $3,860,1792020Assets 2021: $10,534,838Liabilities 2021: $7,512,603Net Assets 2021: $3,022,2352021Assets 2022: $16,944,971Liabilities 2022: $6,919,068Net Assets 2022: $10,025,9032022Assets 2023: $26,277,448Liabilities 2023: $14,219,919Net Assets 2023: $12,057,5292023Assets 2024: $27,310,518Liabilities 2024: $13,696,516Net Assets 2024: $13,614,0022024Assets 2025: $28,918,293Liabilities 2025: $12,576,989Net Assets 2025: $16,341,3042025

Highlighted filing

2022

Assets$16,944,971
Liabilities$6,919,068
Net Assets$10,025,903

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $1,458,7292011Expenses 2012: $1,505,6292012Expenses 2013: $1,490,2302013Revenue 2014: $1,809,648Expenses 2014: $1,513,498Net Income 2014: $296,1502014Revenue 2015: $1,712,296Expenses 2015: $1,588,100Net Income 2015: $124,1962015Revenue 2016: $2,111,280Expenses 2016: $1,761,615Net Income 2016: $349,6652016Revenue 2017: $1,753,408Expenses 2017: $1,847,589Net Income 2017: -$94,1812017Revenue 2018: $2,963,742Expenses 2018: $2,019,828Net Income 2018: $943,9142018Revenue 2019: $4,879,704Expenses 2019: $3,393,652Net Income 2019: $1,486,0522019Revenue 2020: $4,071,656Expenses 2020: $4,262,521Net Income 2020: -$190,8652020Revenue 2021: $2,564,302Expenses 2021: $3,402,246Net Income 2021: -$837,9442021Revenue 2022: $9,873,164Expenses 2022: $2,782,665Net Income 2022: $7,090,4992022Revenue 2023: $5,455,316Expenses 2023: $3,478,522Net Income 2023: $1,976,7942023Revenue 2024: $5,336,885Expenses 2024: $3,888,170Net Income 2024: $1,448,7152024Revenue 2025: $6,875,649Expenses 2025: $4,314,433Net Income 2025: $2,561,2162025

Highlighted filing

2022

Revenue$9,873,164
Expenses$2,782,665
Net Income$7,090,499
Jump To
Filing Snapshot
Filing Period
Jun 1, 2021 to May 31, 2022
Signed
Mar 7, 2023
Return Version
2021v4.0
Gross Receipts
$10,014,430
Mission and Program Overview

Mission

The clay studio's mission is to provide a unique learning environment in which to experience the ceramic arts; accordingly, we gear our programs to all levels of interest, proficiency, and financial means.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$6,313,700$6,313,700→ $0
Investments in Publicly Traded Securities-$3,966,862-
Land, Buildings, and Equipment, Net$666,707$1,675,812▲ $1,009,105
Pledges and Grants Receivable$993,038$1,521,531▲ $528,493
Cash and Non-Interest-Bearing Accounts$407,395$1,273,206▲ $865,811
Loans From Officers Directors$450,000$450,000→ $0
Savings and Temporary Cash Investments$542,803$140,437▼ $402,366
Accounts Receivable$65,057$65,710▲ $653
Inventories for Sale or Use$28,317$29,968▲ $1,651
Prepaid Expenses and Deferred Charges$154,986$24,298▼ $130,688
Total Assets$10,534,838$16,944,971▲ $6,410,133
Other Assets Total$1,362,835$1,933,447▲ $570,612
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,170,908$5,549,122▼ $621,786
Unsecured Notes Loans Payable$450,000$450,000→ $0
Accounts Payable and Accrued Expenses$190,449$333,248▲ $142,799
Deferred Revenue$59,792$126,254▲ $66,462
Other Liabilities$191,454$10,444▼ $181,010
Total Liabilities$7,512,603$6,919,068▼ $593,535
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,134,062$6,505,927▲ $5,371,865
Net Assets Without Donor Restrictions$1,888,173$3,519,976▲ $1,631,803
Total Net Assets Fund Balance$3,022,235$10,025,903▲ $7,003,668
Total Liabilities and Net Assets / Fund Balance$10,534,838$16,944,971▲ $6,410,133

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$4,173,103$4,173,103
Leasehold Improvements$289,460$1,237,837$1,527,297
Equipment$436,645$164,716$601,361
Land$528,300-$528,300
Other Land Buildings$421,407$9,237$430,644
Other Assets Org$1,933,447--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021-$4,000,000▼ $19,677-$3,966,862
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer MartinExecutive DiFT$116,919$3,227$120,146
Kevin SnipesDirector-$4,040-$4,040

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$8,841,159
Program Service Revenue
$889,207
Investment Income
$142,798
Other Revenue
$0
All Other Contributions
$8,512,790
Change in Net Assets
$7,090,499

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
Other Non Cash Contri Table1$31,500Fair Market Value
Total Noncash Contributions1$31,500-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,859,703
Revenue Not Reported on Financial Statements
$13,461
Revenue Not Reported on Form 990
$-86,831
Total Revenue per Audited Statements
$9,772,872
Total Revenue per Form 990
$9,873,164
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,634,054
Salaries, Compensation, and Employee Benefits$972,999
Total Fundraising Expense$399,963
Grants and Similar Amounts Paid$175,612
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$529,484$88,983$104,670$723,137
Interest$223,209$56,388$127,570$407,167
Office Expenses$102,100$48,273$36,016$186,389
Grants to Domestic Orgs$175,612--$175,612
All Other Expenses$75,068$56,596$22,115$153,779
Occupancy$131,707$18,345$857$150,909
Fees for Services Other$77,178$7,910$23,704$108,792
Current Officers, Directors, Trustees, and Key Employees$51,526$15,458$36,068$103,052
Depreciation Depletion$32,362$42,342-$74,704
Other Expenses$73,974$438-$74,412
Payroll Taxes$51,430$8,339$12,122$71,891
Other Employee Benefits$41,291$9,862$9,732$60,885
Fees for Services Accounting$36,341$4,770$7,268$48,379
Advertising$22,373$3,204$16,118$41,695
Insurance$35,817$1,921$401$38,139
Pension Plan Contributions$9,748$2,289$1,997$14,034
Fees for Service Investment Mgmnt Fees-$13,461-$13,461
Information Technology$5,167$2,153$1,292$8,612
Travel$4,000$1,492$33$5,525
Total Functional Expenses$2,000,478$382,224$399,963$2,782,665

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,782,665
Expenses per Audited Statements$2,769,204
Total Expenses per Audited Statements$2,769,204
Expenses Not Reported on Financial Statements$13,461
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Clay Studio Holdings IncPhiladelphia, PA501c3General Support$175,612
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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$450,000$450,000→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit$10,081
Other Current Liabilities$363
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
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The finance committee and the board of directors are shown the 990 prior to the return being filed with the irs.

Form 990, Page 6, Part VI, Line 12C

A disclosure form is sent out to each employee every year and they are then required to fill out, sign, and return it to administration.

Form 990, Page 6, Part VI, Line 15A

Compensation is reviewed and approved by the board. The review process includes a comparison of peer organizations.

Form 990, Page 6, Part VI, Line 15B

Compensation is reviewed and approved by the board. The review process includes a comparison of peer organizations.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
The Clay Studio
EIN
23-7380408
Phone
2159253453
Address
1425 N AMERICAN ST, PHILADELPHIA, PA 19122

Signing Officer

Name
Sergio Coscia
Title
Chair
Phone
2159253453
Signed
2023-03-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sergio Coscia
Formed
1974
Legal Domicile
Pa
Voting Board Members
22
Independent Board Members
22
Employees
22
Volunteers
24

Preparer

Firm
Bee Bergvall & Co
Address
PO BOX 754, WARRINGTON, PA 18976-0754
Preparer
Cynthia Bergvall CPA
Phone
2153432727
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4B

Claymobile, our community engagement program, brings a "pop-up" ceramics studio to schools, older adult facilities, community centers, events, and social service agencies throughout philadelphia. Since 1994 a total of 50,000 children have been served by our professional teaching artists. Through claymobile, we are providing arts education opportunities that use the tactile medium of clay to nurture imagination, critical thinking, and persistence. Claymobile operates all year round, annually serving more than 4,500 children, youth, and adults visiting 95 partner sites across philadelphia. Additionally, our community engagement initiatives introduce 15,000 people to the world of ceramics through our hands-on activities and demonstrations at free public events around philadelphia each year. We have also begun an after-school initiative providing students in our immediate community after-school arts enrichment activities and homework assistance. The clay studio is rooted in the belief that people deserve access to high-quality arts opportunities, and the claymobile is one of the ways we bring them to the local community.

Form 990, Page 2, Part III, Line 4C

The gallery and exhibitions program at the clay studio showcases the work of over 300 local, national, and international ceramic artists annually. We annually curate and present multiple exhibitions - both solo and group shows - in our galleries, as well as lectures, panel discussions, and artist talks. The gallery is a leader in presenting contemporary ceramics, engaging audiences with relevant programming, and catalog publishing. During the pandemic our lectures shifted online and increased in frequency to serve people looking for connection through the arts - today we continue the practice with a hybrid series. These events create an opportunity for a broad audience from professional artists, to collectors, to beginning students to celebrate traditional and contemporary ceramics in thoughtful dialogue. These programs are free and open to the public and showcase our commitment to propel the field of ceramics into the 21st century and beyond.

Form 990, Page 2, Part III, Line 4D

The clay studio excels in providing education opportunities to ceramic artists from those touching clay for the first time through the highly experienced maker working independently. We offer all levels of instruction, including wheel-throwing, hand-building, surface decoration, sculpture, glazing, mold-making, and much, much more. We enroll 4,700 students in our classes and workshops each year, including one-day seminars, family workshops, summer clay camps, and friday evening date nights. We serve as the primary studio for more than 40 ceramic artists through our associates program, and nearly 1/3 of our students are advanced level ceramic artists. We strive to create an inclusive and supportive studio environment where artists of all ages and abilities can learn and thrive.

Financial Statement Notes

Schedule D, Page 2, Part III, Line 4

The collection includes a variety of traditional and contemporary ceramic art pieces.

Schedule D, Page 2, Part V, Line 4

Funds shall be solely for the studio, with half of the proceeds designated for the artist in residence program and the other half designated for operational expenses.

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$28.9$12.6$16.3$6.88$4.31$2.56
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.3$13.7$13.6$5.34$3.89$1.45
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.3$14.2$12.1$5.46$3.48$1.98
2022Detailed filing. Detailed filing data is available for this year.$16.9$6.92$10.0$9.87$2.78$7.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.5$7.51$3.02$2.56$3.40$0.84
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.5$7.62$3.86$4.07$4.26$0.19
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.93$4.88$4.05$4.88$3.39$1.49
2018Detailed filing. Detailed filing data is available for this year.$2.75$0.19$2.56$2.96$2.02$0.94
2017Detailed filing. Detailed filing data is available for this year.$1.76$0.15$1.61$1.75$1.85$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.71$0.13$1.58$2.11$1.76$0.35
2015Detailed filing. Detailed filing data is available for this year.$1.37$0.14$1.23$1.71$1.59$0.12
2014Detailed filing. Detailed filing data is available for this year.$1.21$0.10$1.11$1.81$1.51$0.30
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.92$0.11$0.81$1.49
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.08$1.18$1.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$0.08$1.58$1.46
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • $10M-$25M nonprofits