Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
2.21x
Liabilities / Revenue
86th percentile
Higher debt load relative to revenue than 86% of similar nonprofits.
Net Margin
30th percentile
Higher net margin than 30% of similar nonprofits.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
12th percentile
Faster asset growth than 12% of similar nonprofits.
Revenue Growth
38th percentile
Faster revenue growth than 38% of similar nonprofits.
Balance Sheet
Assets
Down$5,085
Down $2,844 (-36%) from 2013
Net Assets
Down-$6,162
Down $2,896 (-89%) from 2013
Liabilities
Up$11,247
Up $52 (+0.5%) from 2013
Revenue And Expenses
Revenue
Down$60,038
Down $3,616 (-5.7%) from 2013
Expenses
Down$62,934
Down $2,015 (-3.1%) from 2013
Net Income
Down-$2,896
Down $1,601 (-124%) from 2013
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2014 to Dec 31, 2014
- Signed
- May 13, 2015
- Return Version
- 2014v5.0
- Gross Receipts
- $60,038
Mission and Program Overview
Mission
To provide music and dance education, instruction, as well as supplemental educational training in the field of the arts for the benefit of a rural community that is not adequately served in this respect.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| FINE ART INSTRUCTION - TO PROVIDE MUSIC AND DANCE EDUCATION, INSTRUCTION, AS WELL AS SUPPLEMENTAL EDUCATIONAL TRAINING IN THE FIELD OF THE ARTS FOR THE BENEFIT OF A RURAL COMMUNITY THAT IS NOT ADEQUATELY SERVED IN THIS RESPECT | $0 | $62,933 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JOHN B WAITS | President | - | $0 | - | - |
| RACHEL WAITS | Director/Operations | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- The Studio
- EIN
- 26-1859468
- Phone
- 2059262992
- Address
- 1117 WALNUT STREET, CENTREVILLE, AL 35042
Signing Officer
- Name
- Dr John B Waits
- Title
- Officer
- Phone
- 2059262992
- Signed
- 2015-05-13
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Jamison Money Farmer Pc
- Address
- PO BOX 2347, TUSCALOOSA, AL 35403
- Preparer
- Kristi D Moore
- Phone
- 2053458440
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: advertising. Amount: 90. Description: business expenses. Amount: 1,434. Description: supplies. Amount: 20,318. Description: payroll expenses. Amount: 2,004. Description: insurance. Amount: 353. Description: miscellaneous expense. Amount: 695. Description: mileage. Amount: 1,156. Total to form 990-ez, line 16: 26,050.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: other assets. Beg. Of year amount: 4,000. End of year amount: 4,000.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: n/p - dr. Waits . Beg. Of year amount: 8,847. End of year amount: 8,847. Description: payroll liabilities . Beg. Of year amount: 958. End of year amount: 1,487. Description: capital one . Beg. Of year amount: 1,390. End of year amount: 855. Description: unreimbursed employee expense. Beg. Of year amount: 0. End of year amount: 58.”
Raw XML Appendix160 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | DR JOHN B WAITS |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 2059262992 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1117 WALNUT STREET |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | CENTREVILLE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | AL |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 35042 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 3929 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 1085 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 2025 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -2896 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 7958 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 7929 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 5085 |
| IRS990EZ/GrossReceiptsAmt | 0 | 60038 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LoansToFromOfficersAmt | 0 | 8847 |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 1 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -3266 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -6162 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -3266 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -6162 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 6345 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 15.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JOHN B WAITS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | RACHEL WAITS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | DIRECTOR/OPERATIONS |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 4000 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 4000 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 26050 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROVIDE MUSIC AND DANCE EDUCATION, INSTRUCTION, AS WELL AS SUPPLEMENTAL EDUCATIONAL TRAINING IN THE FIELD OF THE ARTS FOR THE BENEFIT OF A RURAL COMMUNITY THAT IS NOT ADEQUATELY SERVED IN THIS RESPECT. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 58013 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | FINE ART INSTRUCTION - TO PROVIDE MUSIC AND DANCE EDUCATION, INSTRUCTION, AS WELL AS SUPPLEMENTAL EDUCATIONAL TRAINING IN THE FIELD OF THE ARTS FOR THE BENEFIT OF A RURAL COMMUNITY THAT IS NOT ADEQUATELY SERVED IN THIS RESPECT |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 62933 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 22581 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 11195 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 11247 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 62934 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 62933 |
| IRS990EZ/TotalRevenueAmt | 0 | 60038 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 2025 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 4831 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1425 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 10211 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 250 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 18742 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 58013 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 58823 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 55180 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 56472 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 44993 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 273481 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.98730 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 292223 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 60038 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 63654 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 56605 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 66683 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 45243 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 292223 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 60038 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 63654 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 56605 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 66683 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 45243 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 292223 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 0 | 8847 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 0 | 1 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd | 0 | 0 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 0 | INITIAL OPERATING FUNDS |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd | 0 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 0 | 6265 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 0 | DR JOHN WAITS |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd | 0 | 1 |
| IRS990ScheduleL/TotalBalanceDueAmt | 0 | 8847 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: ADVERTISING. AMOUNT: 90. DESCRIPTION: BUSINESS EXPENSES. AMOUNT: 1,434. DESCRIPTION: SUPPLIES. AMOUNT: 20,318. DESCRIPTION: PAYROLL EXPENSES. AMOUNT: 2,004. DESCRIPTION: INSURANCE. AMOUNT: 353. DESCRIPTION: MISCELLANEOUS EXPENSE. AMOUNT: 695. DESCRIPTION: MILEAGE. AMOUNT: 1,156. TOTAL TO FORM 990-EZ, LINE 16: 26,050. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: OTHER ASSETS. BEG. OF YEAR AMOUNT: 4,000. END OF YEAR AMOUNT: 4,000. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: N/P - DR. WAITS . BEG. OF YEAR AMOUNT: 8,847. END OF YEAR AMOUNT: 8,847. DESCRIPTION: PAYROLL LIABILITIES . BEG. OF YEAR AMOUNT: 958. END OF YEAR AMOUNT: 1,487. DESCRIPTION: CAPITAL ONE . BEG. OF YEAR AMOUNT: 1,390. END OF YEAR AMOUNT: 855. DESCRIPTION: UNREIMBURSED EMPLOYEE EXPENSE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 58. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2016-03-07 17:11:31Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | DR JOHN B WAITS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | OFFICER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2059262992 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2015-05-13 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THE STUDIO |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | THES |
| ReturnHeader/Filer/EIN | 0 | 261859468 |
| ReturnHeader/Filer/PhoneNum | 0 | 2059262992 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1117 WALNUT STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CENTREVILLE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | AL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 35042 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 630933119 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | JAMISON MONEY FARMER PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO BOX 2347 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | TUSCALOOSA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | AL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 35403 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2053458440 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2015-05-08 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | KRISTI D MOORE |
| ReturnHeader/ReturnTs | 0 | 2015-05-15T15:33:47-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2014-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2014-12-31 |
| ReturnHeader/TaxYr | 0 | 2014 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $5,085
- Liabilities
- $11,247
- Net assets
- -$6,162
- Revenue
- $60,038
- Expenses
- $62,934
- Net income
- -$2,896