Civic Intelligence

Studio Two Three

990EZ • Fiscal year 2013 • EIN 27-0876594

Jan 01, 2013 to Dec 31, 2013 • Filed on Apr 30, 2014

1617 West Main Street23220

(804) 358-5508

Siviq Scores

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

Liabilities / Assets

88th percentile

0.46x

Higher debt load relative to assets than 88% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

87th percentile

0.23x

Higher debt load relative to revenue than 87% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Net Margin

75th percentile

18%

Higher net margin than 75% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

$50,833

No earlier filing loaded for comparison.

Net Assets

$27,649

No earlier filing loaded for comparison.

Liabilities

$23,184

No earlier filing loaded for comparison.

Revenue

$100,104

No earlier filing loaded for comparison.

Expenses

$81,900

No earlier filing loaded for comparison.

Net Income

$18,204

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2013: $50,833Liabilities 2013: $23,184Net Assets 2013: $27,6492013Assets 2014: $51,579Liabilities 2014: $2,243Net Assets 2014: $49,3362014Assets 2015: $109,476Liabilities 2015: $4,888Net Assets 2015: $104,5882015Assets 2016: $153,309Liabilities 2016: $4,758Net Assets 2016: $148,5512016Assets 2017: $300,630Liabilities 2017: $184,864Net Assets 2017: $115,7662017Assets 2018: $282,213Liabilities 2018: $124,367Net Assets 2018: $157,8462018Assets 2019: $224,645Liabilities 2019: $106,778Net Assets 2019: $117,8672019Assets 2021: $585,308Liabilities 2021: $230,844Net Assets 2021: $354,4642021Assets 2022: $2,799,280Liabilities 2022: $1,670,929Net Assets 2022: $1,128,3512022Assets 2023: $1,203,934Liabilities 2023: $306,117Net Assets 2023: $897,8172023Assets 2024: $939,265Liabilities 2024: $275,347Net Assets 2024: $663,9182024

Highlighted filing

2013

Assets$50,833
Liabilities$23,184
Net Assets$27,649

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2013: $100,104Expenses 2013: $81,900Net Income 2013: $18,2042013Revenue 2014: $113,095Expenses 2014: $91,408Net Income 2014: $21,6872014Revenue 2015: $230,257Expenses 2015: $175,005Net Income 2015: $55,2522015Revenue 2016: $329,076Expenses 2016: $285,113Net Income 2016: $43,9632016Revenue 2017: $410,308Expenses 2017: $407,981Net Income 2017: $2,3272017Revenue 2018: $518,096Expenses 2018: $524,838Net Income 2018: -$6,7422018Revenue 2019: $525,801Expenses 2019: $600,397Net Income 2019: -$74,5962019Revenue 2021: $781,294Expenses 2021: $601,657Net Income 2021: $179,6372021Revenue 2022: $1,491,396Expenses 2022: $717,509Net Income 2022: $773,8872022Revenue 2023: $731,559Expenses 2023: $962,093Net Income 2023: -$230,5342023Revenue 2024: $696,286Expenses 2024: $930,185Net Income 2024: -$233,8992024

Highlighted filing

2013

Revenue$100,104
Expenses$81,900
Net Income$18,204
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Apr 30, 2014
Return Version
2013v3.1
Gross Receipts
$109,177
Mission and Program Overview

Mission

Studio two three is an energized and evolving artistic community that inspires innovation in printmaking through artist residency, workshops and exhibitions.

Program Services

DescriptionGrantsExpenses
ARTIST RESIDENCY: STUDIO TWO THREE IS THE ONLY FULLY EQUIPPED PRINTMAKING WORKSHOP IN RICHMOND VA PROVIDING ARTISTS WITH 24-HOUR ACCESS TO A PROFESSIONAL STUDIO WITH PRESSES, BASIC TOOLS, WORKSPACE FOR DESIGNING AND EXECUTING PRINTS, AND PERSONAL LOCKERS AND FLAT FILES TO STORE WORK AND MATERIALS. STUDIO TWO THREE FACILITIES SUPPORT INTAGLIO, RELIEF, DIGITAL PRODUCTION, LITHOGRAPHY, AND SCREEN PRINTING. STUDIO TWO THREE'S COMMUNITY DARKROOM IS THE ONLY OPEN-ACCESS COMMUNAL DARKROOM FOR BLACK AND WHITE PHOTOGRAPHY IN RICHMOND. BY PROVIDING ARTISTS WITH AN AFFORDABLE, PROFESSIONAL AND SUPPORTIVE WORKSPACE, STUDIO TWO THREE ENABLES ARTISTS TO EXPLORE AND CULTIVATE NEW WORK AND ENGAGE IN ARTISTIC DIALOGUE WITH THE RICHMOND COMMUNITY. STUDIO TWO THREE ALSO OFFERS OPEN STUDIO HOURS WHICH ENABLES ANYONE INTERESTED TO TOUR THE FACILITY, LEARN ABOUT THE ART OF PRINTMAKING, AND USE THE STUDIO.-$31,376
WORKSHOPS & EDUCATION: STUDIO TWO THREE OFFERS A VARIETY OF PRINTMAKING CLASSES AND WORKSHOPS THROUGHOUT THE MONTH. ON THE FIRST FRIDAY OF EVERY MONTH, STUDIO TWO THREE OFFERS A FREE PRINTMAKING WORKSHOP THAT ALLOWS THE PUBLIC TO PARTICIPATE IN INVENTIVE EXPERIENCES THAT INVOLVE PERSONAL CREATIVE EXPRESSION. IN ADDITION TO THESE WORKSHOPS, STUDIO TWO THREE OFFERS UNIQUE EDUCATION PROGRAMS IN WHICH PROFESSIONAL ARTISTS BRING THE ART OF PRINTMAKING TO K-12 CLASSROOMS, NONPROFIT COMMUNITY ORGANIZATIONS, GALLERIES AND MUSEUMS, AND OTHER EDUCATIONAL VENUES THROUGHOUT RICHMOND VA.-$24,039
EXHIBITIONS: STUDIO TWO THREE'S GALLERY FACILITY, GALLERY TWO THREE, IS RICHMOND'S PRIMARY SOURCE FOR FINE ART PRINTS AND FEATURES THE WORK OF EXCEPTIONAL LOCAL AND NATIONAL PRINTMAKERS. EVERY MONTH GALLERY TWO THREE FEATURES AN EXHIBIT OF INNOVATIVE, PROFESSIONAL CONTEMPORARY PRINTS. EXHIBITS ARE FREE AND OPEN TO THE PUBLIC. THE GALLERY TAKES A VERY LOW COMMISSION FROM EXHIBITION SALES ALLOWING INDIVIDUAL ARTISTS TO DERIVE THE LARGEST BENEFIT POSSIBLE FROM THE SALE OF THEIR WORK AND COMMUNITY MEMBERS TO BECOME ART PATRONS. STUDIO TWO THREE FOCUSES ON CULTIVATING AND SUSTAINING PARTNERSHIPS IN THE RICHMOND VA NONPROFIT COMMUNITY. STUDIO TWO THREE'S LEADERSHIP IS FOCUSED ON OFFERING THE UNIQUE SERVICES AVAILABLE THROUGH THE STUDIO TO VALUABLY CONTRIBUTE TO THE ARTS PROGRAMMING OFFERED BY OTHER LOCAL NONPROFITS.-$8,929
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KATE REDDINGBoard ChairPT$0--
ANDREW HESSTreasurerPT$0--
JONATHAN HENDLERVice ChairPT$0--
SARAH MOORESecretaryPT$0--
LAURIE CARNOHANDirectorPT$0--
SABRINA MURDOCH-KITTDirectorPT$0--
JESSICA SPENCEDirectorPT$0--
JAKE URBANSKIDirectorPT$0--
RACHEL WHITEDirectorPT$0--
EMILY YEATTSDirectorPT$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$18,052$18,052$3,410$14,642
Total Events$18,052$18,052$3,410$14,642
Filing and Contact Details

Filer

EIN
27-0876594
Phone
8043585508

Signing Officer

Name
Andrew Hess
Title
Treasurer
Phone
8043585508
Signed
2014-04-30
Discuss with paid preparer
Yes

Preparer

Preparer
Linda S Thomas
Phone
8043464406
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses marketing & fund development 28 marketing & fund development 134 marketing & fund development 157 marketing & fund development 577 office expense 619 office expense 330 office expense 327 office expense 1,696 travel 735 insurance 640 insurance 746 insurance 320 insurance 427 dues & membership 7 dues & membership 2 dues & membership 1 dues & membership 486 bank & merchant fees 1,597 repairs & maintenance 3,128 repairs & maintenance 529 repairs & maintenance 313 repairs & maintenance 278 operations expense 12,788 operations expense 3,543 operations expense 1,508 operations expense 1,203 non-investment depreciation 1,559 total 33,678

Form 990-ez, Part II, Line 24

Accounts receivable 0 130 equipment 4,800 12,800 less accumulated depreciation 4,353 5,911 security deposit 1,150 1,150 leased equipment 20,740 20,740 total 22,337 28,909

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 1,170 payroll liabilities 0 1,274 equipment leases 20,740 20,740

Form 990-ez, Part III

Studio two three is an energized and evolving artistic community that inspires innovation in printmaking through artist residency, workshops and exhibitions.

Form 990-ez, Part III, Line 28

Artist residency: studio two three is the only fully equipped printmaking workshop in richmond va providing artists with 24-hour access to a professional studio with presses, basic tools, workspace for designing and executing prints, and personal lockers and flat files to store work and materials. Studio two three facilities support intaglio, relief, digital production, lithography, and screen printing. Studio two three's community darkroom is the only open-access communal darkroom for black and white photography in richmond. By providing artists with an affordable, professional and supportive workspace, studio two three enables artists to explore and cultivate new work and engage in artistic dialogue with the richmond community. Studio two three also offers open studio hours which enables anyone interested to tour the facility, learn about the art of printmaking, and use the studio.

Form 990-ez, Part III, Line 29

Workshops & education: studio two three offers a variety of printmaking classes and workshops throughout the month. On the first friday of every month, studio two three offers a free printmaking workshop that allows the public to participate in inventive experiences that involve personal creative expression. In addition to these workshops, studio two three offers unique education programs in which professional artists bring the art of printmaking to k-12 classrooms, nonprofit community organizations, galleries and museums, and other educational venues throughout richmond va.

Form 990-ez, Part III, Line 30

Exhibitions: studio two three's gallery facility, gallery two three, is richmond's primary source for fine art prints and features the work of exceptional local and national printmakers. Every month gallery two three features an exhibit of innovative, professional contemporary prints. Exhibits are free and open to the public. The gallery takes a very low commission from exhibition sales allowing individual artists to derive the largest benefit possible from the sale of their work and community members to become art patrons. Studio two three focuses on cultivating and sustaining partnerships in the richmond va nonprofit community. Studio two three's leadership is focused on offering the unique services available through the studio to valuably contribute to the arts programming offered by other local nonprofits.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 0 130 EQUIPMENT 4,800 12,800 LESS ACCUMULATED DEPRECIATION 4,353 5,911 SECURITY DEPOSIT 1,150 1,150 LEASED EQUIPMENT 20,740 20,740 TOTAL 22,337 28,909
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 1,170 PAYROLL LIABILITIES 0 1,274 EQUIPMENT LEASES 20,740 20,740
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3STUDIO TWO THREE IS AN ENERGIZED AND EVOLVING ARTISTIC COMMUNITY THAT INSPIRES INNOVATION IN PRINTMAKING THROUGH ARTIST RESIDENCY, WORKSHOPS AND EXHIBITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ARTIST RESIDENCY: STUDIO TWO THREE IS THE ONLY FULLY EQUIPPED PRINTMAKING WORKSHOP IN RICHMOND VA PROVIDING ARTISTS WITH 24-HOUR ACCESS TO A PROFESSIONAL STUDIO WITH PRESSES, BASIC TOOLS, WORKSPACE FOR DESIGNING AND EXECUTING PRINTS, AND PERSONAL LOCKERS AND FLAT FILES TO STORE WORK AND MATERIALS. STUDIO TWO THREE FACILITIES SUPPORT INTAGLIO, RELIEF, DIGITAL PRODUCTION, LITHOGRAPHY, AND SCREEN PRINTING. STUDIO TWO THREE'S COMMUNITY DARKROOM IS THE ONLY OPEN-ACCESS COMMUNAL DARKROOM FOR BLACK AND WHITE PHOTOGRAPHY IN RICHMOND. BY PROVIDING ARTISTS WITH AN AFFORDABLE, PROFESSIONAL AND SUPPORTIVE WORKSPACE, STUDIO TWO THREE ENABLES ARTISTS TO EXPLORE AND CULTIVATE NEW WORK AND ENGAGE IN ARTISTIC DIALOGUE WITH THE RICHMOND COMMUNITY. STUDIO TWO THREE ALSO OFFERS OPEN STUDIO HOURS WHICH ENABLES ANYONE INTERESTED TO TOUR THE FACILITY, LEARN ABOUT THE ART OF PRINTMAKING, AND USE THE STUDIO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5WORKSHOPS & EDUCATION: STUDIO TWO THREE OFFERS A VARIETY OF PRINTMAKING CLASSES AND WORKSHOPS THROUGHOUT THE MONTH. ON THE FIRST FRIDAY OF EVERY MONTH, STUDIO TWO THREE OFFERS A FREE PRINTMAKING WORKSHOP THAT ALLOWS THE PUBLIC TO PARTICIPATE IN INVENTIVE EXPERIENCES THAT INVOLVE PERSONAL CREATIVE EXPRESSION. IN ADDITION TO THESE WORKSHOPS, STUDIO TWO THREE OFFERS UNIQUE EDUCATION PROGRAMS IN WHICH PROFESSIONAL ARTISTS BRING THE ART OF PRINTMAKING TO K-12 CLASSROOMS, NONPROFIT COMMUNITY ORGANIZATIONS, GALLERIES AND MUSEUMS, AND OTHER EDUCATIONAL VENUES THROUGHOUT RICHMOND VA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EXHIBITIONS: STUDIO TWO THREE'S GALLERY FACILITY, GALLERY TWO THREE, IS RICHMOND'S PRIMARY SOURCE FOR FINE ART PRINTS AND FEATURES THE WORK OF EXCEPTIONAL LOCAL AND NATIONAL PRINTMAKERS. EVERY MONTH GALLERY TWO THREE FEATURES AN EXHIBIT OF INNOVATIVE, PROFESSIONAL CONTEMPORARY PRINTS. EXHIBITS ARE FREE AND OPEN TO THE PUBLIC. THE GALLERY TAKES A VERY LOW COMMISSION FROM EXHIBITION SALES ALLOWING INDIVIDUAL ARTISTS TO DERIVE THE LARGEST BENEFIT POSSIBLE FROM THE SALE OF THEIR WORK AND COMMUNITY MEMBERS TO BECOME ART PATRONS. STUDIO TWO THREE FOCUSES ON CULTIVATING AND SUSTAINING PARTNERSHIPS IN THE RICHMOND VA NONPROFIT COMMUNITY. STUDIO TWO THREE'S LEADERSHIP IS FOCUSED ON OFFERING THE UNIQUE SERVICES AVAILABLE THROUGH THE STUDIO TO VALUABLY CONTRIBUTE TO THE ARTS PROGRAMMING OFFERED BY OTHER LOCAL NONPROFITS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 29
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART III, LINE 30
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