Civic Intelligence

The Clay Studio

990 • Fiscal year 2023 • EIN 23-7380408

Jun 01, 2022 to May 31, 2023 • Filed on Feb 22, 2024

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

76th percentile

0.54x

Higher debt load relative to assets than 76% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

89th percentile

2.61x

Higher debt load relative to revenue than 89% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

86th percentile

36%

Higher net margin than 86% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

14th percentile

$107,711

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

92nd percentile

55%

Faster asset growth than 92% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

7th percentile

-45%

Faster revenue growth than 7% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Up

$26,277,448

Up $9,332,477 (+55%) from 2022

Net Assets

Up

$12,057,529

Up $2,031,626 (+20%) from 2022

Liabilities

Up

$14,219,919

Up $7,300,851 (+106%) from 2022

Revenue

Down

$5,455,316

Down $4,417,848 (-45%) from 2022

Expenses

Up

$3,478,522

Up $695,857 (+25%) from 2022

Net Income

Down

$1,976,794

Down $5,113,705 (-72%) from 2022

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

2023

Assets$26,277,448
Liabilities$14,219,919
Net Assets$12,057,529

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

2023

Revenue$5,455,316
Expenses$3,478,522
Net Income$1,976,794
Jump To
Filing Snapshot
Filing Period
Jun 1, 2022 to May 31, 2023
Signed
Feb 22, 2024
Return Version
2022v5.0
Gross Receipts
$6,586,845
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$3,555,829▼ $411,033
Land, Buildings, and Equipment, Net$1,675,812$1,391,413▼ $284,399
Pledges and Grants Receivable$1,521,531$565,023▼ $956,508
Loans From Officers Directors$450,000$539,359▲ $89,359
Cash and Non-Interest-Bearing Accounts$1,273,206$391,570▼ $881,636
Savings and Temporary Cash Investments$140,437$60,306▼ $80,131
Accounts Receivable$65,710$53,417▼ $12,293
Prepaid Expenses and Deferred Charges$24,298$50,361▲ $26,063
Inventories for Sale or Use$29,968$42,284▲ $12,316
Total Assets$16,944,971$26,277,448▲ $9,332,477
Other Assets Total$1,933,447$13,853,545▲ $11,920,098
Liabilities
Other Liabilities$10,444$11,907,623▲ $11,897,179
Mortgage Notes Payable Secured by Investment Property$5,549,122$1,381,153▼ $4,167,969
Unsecured Notes Loans Payable$450,000--
Accounts Payable and Accrued Expenses$333,248$204,571▼ $128,677
Deferred Revenue$126,254$187,213▲ $60,959
Total Liabilities$6,919,068$14,219,919▲ $7,300,851
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,519,976$7,640,216▲ $4,120,240
Net Assets With Donor Restrictions$6,505,927$4,417,313▼ $2,088,614
Total Net Assets Fund Balance$10,025,903$12,057,529▲ $2,031,626
Total Liabilities and Net Assets / Fund Balance$16,944,971$26,277,448▲ $9,332,477

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$504,763$274,867$779,630
Other Land Buildings$480,625$112,075$592,700
Leasehold Improvements$406,025$23,907$429,932
Other Assets Org$2,187,307--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$3,966,862-▼ $177,631$-214,593$3,555,829
2021-$4,000,000▼ $19,677-$3,966,862
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer MartinExecutive DiFT$104,480$3,231$107,711

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,023,039
Program Service Revenue
$1,384,694
Investment Income
$2,943,310
Other Revenue
$104,273
All Other Contributions
$944,374
Change in Net Assets
$1,976,794

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 Table35$32,156Value Received
Total Noncash Contributions35$32,156-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,444,569
Revenue Not Reported on Financial Statements
$10,747
Revenue Not Reported on Form 990
$54,832
Other Revenue Adjustments
$-8,062
Total Revenue per Audited Statements
$5,499,401
Total Revenue per Form 990
$5,455,316
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,216,830
Salaries, Compensation, and Employee Benefits$1,261,692
Total Fundraising Expense$344,505
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$726,824$134,228$100,000$961,052
Occupancy$642,343$77,285$4,477$724,105
Depreciation Depletion$222,957$19,441-$242,398
Office Expenses$146,341$15,628$24,899$186,868
Interest$56,877$9,888$93,447$160,212
Current Officers, Directors, Trustees, and Key Employees$55,549$16,665$38,884$111,098
Payroll Taxes$73,193$13,036$13,448$99,677
Fees for Services Other$78,442$6,077$5,000$89,519
Other Employee Benefits$51,058$14,048$9,381$74,487
Fees for Services Accounting$42,120$6,096$8,424$56,640
Insurance$51,494$3,099$1,027$55,620
Information Technology$23,296$8,808$5,749$37,853
Other Expenses$24,603$692$5,150$30,445
All Other Expenses$25,980$1,133$905$28,018
Advertising$18,591$2,112-$20,703
Fees for Service Investment Mgmnt Fees-$18,809-$18,809
Pension Plan Contributions$12,049$1,949$1,380$15,378
Travel$9,361$3,673$98$13,132
Conferences and Meetings$400--$400
Total Functional Expenses$2,781,247$352,770$344,505$3,478,522

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,478,522
Total Expenses per Audited Statements$3,467,775
Expenses per Audited Statements$3,459,713
Expenses Not Reported on Financial Statements$18,809
Expenses Not Reported on Form 990$8,062
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$73,661
Fundraising Direct Expenses$51,108
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Mud Ball$123,816$58,151$4,531$53,620
The Cohen Dinne$13,710$13,710$6,474$7,236
Total Events$137,526$71,861$49,520$22,341
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$539,359▲ $89,359
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$11,896,914
Security Deposit$10,346
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
Franz Rabauer
Title
Chair
Phone
2159253453
Signed
2024-02-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Franz Rabauer
Formed
1974
Legal Domicile
Pa
Voting Board Members
19
Independent Board Members
19
Employees
31
Volunteers
23

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 5,000 children, youth, and adults visiting 105 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 more than 600 students in our classes and workshops each term, 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.

Schedule D, Page 4, Part XI, Line 4B

Special event expenses -8,062

Schedule D, Page 4, Part XII, Line 2D

Special event expenses 8,062

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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19EXECUTIVE DI
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IRS990/MissionDesc0THE 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.
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IRS990/PensionPlanContributionsGrp/FundraisingAmt01380

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
2023Detailed filing. Detailed filing data is available for this year.$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. 2023 filings • 501(c)3 • $25M-$50M nonprofits