Form 990, Part VI, Line 11B: Form 990 Review Process
“The Executive Director reviews the 990 with the Treasurer and provides a copy for the full board via email”
Scores are not available for this record yet.
Assets
Up$585,308
Up $360,663 (+161%) from 2019
Net Assets
Up$354,464
Up $236,597 (+201%) from 2019
Liabilities
Up$230,844
Up $124,066 (+116%) from 2019
Revenue
Up$781,294
Up $255,493 (+49%) from 2019
Expenses
Up$601,657
Up $1,260 (+0.2%) from 2019
Net Income
Up$179,637
Up $254,233 (+341%) from 2019
Studio two three is an energized and evolving artistic community that inspires innovation in printmaking through artist residency, workshops and exhibitions.
Studio Two Three empowers artists to make art & make change. Studio Two Three is a nonprofit community print studio and art space, founded in 2009. We believe in radical generosity, the power of community art production and storytelling and that community artists are integral to social and systemic change. We are a busy home to over 130 artist members that runs off of trust and a culture of mutual aid. Members have 24/7 access, share resources & ideas, and collaborate on projects.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $297,989 | $276,562 | ▼ $21,427 |
| Accounts Receivable | $30,750 | $198,029 | ▲ $167,279 |
| Land, Buildings, and Equipment, Net | $128,440 | $102,686 | ▼ $25,754 |
| Prepaid Expenses and Deferred Charges | $12,149 | $0 | ▼ $12,149 |
| Inventories for Sale or Use | $2,163 | $4,074 | ▲ $1,911 |
| Savings and Temporary Cash Investments | - | $0 | - |
| Other Notes and Loans Receivable, Net | - | $0 | - |
| Pledges and Grants Receivable | - | $0 | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | - | $0 | - |
| Investments Other Securities | - | $0 | - |
| Investments Program Related | - | $0 | - |
| Investments in Publicly Traded Securities | - | $0 | - |
| Intangible Assets | - | $0 | - |
| Total Assets | $475,446 | $585,308 | ▲ $109,862 |
| Other Assets Total | $3,955 | $3,957 | ▲ $2 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $223,450 | $159,809 | ▼ $63,641 |
| Mortgage Notes Payable Secured by Investment Property | $56,066 | $48,243 | ▼ $7,823 |
| Other Liabilities | $19,676 | $21,365 | ▲ $1,689 |
| Accounts Payable and Accrued Expenses | $1,427 | $1,427 | → $0 |
| Total Liabilities | $300,619 | $230,844 | ▼ $69,775 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $174,827 | $354,464 | ▲ $179,637 |
| Total Net Assets Fund Balance | $174,827 | $354,464 | ▲ $179,637 |
| Total Liabilities and Net Assets / Fund Balance | $475,446 | $585,308 | ▲ $109,862 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $160,107 | $7,336 | $167,443 |
| Equipment | $41,303 | $22,438 | $63,741 |
| Other Land Buildings | $-98,724 | $122,989 | $24,265 |
| Name | Title |
|---|---|
| Christopher Mackenzie | Chairman |
| Aimee Joyaux | Director |
| Anedra Bourne | Director |
| Joseph Papa | Director |
| Justin Owen | Director |
| Kelli Lemon | Director |
| Leah Muhlenfield | Director |
| Ashley Hawkins | Executive Director |
| James Gregory | Secretary |
| Patrick Kelly | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $383,680 |
| Salaries, Compensation, and Employee Benefits | $217,977 |
| Total Fundraising Expense | $22,757 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $196,179 | $10,899 | $10,899 | $217,977 |
| Occupancy | $194,425 | $10,802 | $10,801 | $216,028 |
| Office Expenses | $36,929 | - | - | $36,929 |
| All Other Expenses | $15,564 | $18,596 | - | $34,160 |
| Depreciation Depletion | - | $25,753 | - | $25,753 |
| Other Expenses | $9,897 | $17,857 | - | $9,897 |
| Advertising | $6,282 | - | - | $6,282 |
| Travel | - | $3,169 | - | $3,169 |
| Fees for Services Other | - | - | $1,057 | $1,057 |
| Fees for Services Accounting | - | $473 | - | $473 |
| Total Functional Expenses | $470,907 | $107,993 | $22,757 | $601,657 |
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $68,869 |
| Fundraising Direct Expenses | $18,140 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Special Events | $68,869 | $68,869 | $18,140 | $50,729 |
| Total Events | $68,869 | $68,869 | $18,140 | $50,729 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
| Liability | Amount |
|---|---|
| gift certificates payable | $12,496 |
| sales tax payable | $9,029 |
| line of credit | $1,140 |
| credit cards | $28 |
| payroll liability | $-1,328 |
“The Executive Director reviews the 990 with the Treasurer and provides a copy for the full board via email”
“1. The Executive/Compensation Committee, as an independent body the Executive Director is not a part of the review process conducts a comparability review. 2. The Executive/Compensation Committee looks at comparable salary and benefits data, such as data available from salary and benefit surveys, to learn what nonprofit employers with similar missions, and of a similar budget size, that are located in the same, or a similar geographic region, pay their senior leaders. 3. The Executive/Compensation Committee documents who was involved, and their independence i.e., that they do not receive compensation from the nonprofit and the process used to conduct the review, as well as the disposition of the full board's decision to approve the executive director's compensation in the minutes of a board meeting. The documentation demonstrates that the board took the comparable data into consideration when it approved the compensation.”
“Studio Two Three maintains a Gold status on GuideStar by uploading annual financials, its strategic plan, and 990 tax forms. Additional documents are made available upon request.”
“OTHER PROGRAM SERVICES 4: Community Printmaking: Studio Two Three brings its mobile print truck into the community in support for free community printmaking activities. The truck visits festivals, nonprofits, community events, and collaborates with arts and activist communities working on social justice issues in the City of Richmond and beyond. The studio holds several community community printmaking days a month the content varies each time. Processes include screen printing tshirts and posters, printing giant letterpress banners, and using the print truck as a mobile darkroom to shoot and develop large format photographic portraits.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 3955 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 3957 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | merchant fees |
| IRS990/OtherExpensesGrp/Desc | 1 | other professional expenses |
| IRS990/OtherExpensesGrp/Desc | 2 | equipment |
| IRS990/OtherExpensesGrp/Desc | 3 | refreshments |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 20444 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 17857 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 11631 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 9897 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 20444 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 17857 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 11631 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 9897 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 19676 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 21365 |
| IRS990/OtherRevenueTotalAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 10899 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 10899 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 196179 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 217977 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 12149 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 0 |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Education Classes |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | Membership Rental |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | Printing Services |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 23789 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 133223 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 32194 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 23789 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 133223 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 32194 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | Workshops, Artist Residency & Education: Studio Two Three offers a variety of community classes and workshops throughout the year in printmaking, photography, and other art techniques. Classes are offered on a sliding scale, with scholarship spots available for those in need of financial assistance. Through its Make Art Work programming, the Studio also offers artist residency, business classes, career training, professional development and mentorship to artists to help them build sustainable careers. The studio also hosts onsite and offsite field trips for K12 students, nonprofit community organizations, galleries and museums and other educational venues throughout Virginia. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 70636 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 23789 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | Studio Two Three Store, Artist Markets and Artwork Sales: The Studio store features work by talented local artists who are artist members, teachers, and volunteers. The store provides local artists with the opportunity to sell their work and build their careers in the arts. The Studio also features sales of local artist's work at vendor markets, their annual Winter Market and fall art auction. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 47091 |
| IRS990/ProgSrvcAccomActy3Grp/RevenueAmt | 0 | 143393 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 304693 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 312535 |
| IRS990/PYOtherRevenueAmt | 0 | 134842 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 173024 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 59687 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 240337 |
| IRS990/PYTotalExpensesAmt | 0 | 552872 |
| IRS990/PYTotalRevenueAmt | 0 | 612559 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 179637 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 133223 |
| IRS990/RoyaltiesGrp/TotalAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 0 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/First5Years509Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 418224 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 304693 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 132306 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 113623 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 968846 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 383330 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 391521 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 315337 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 238355 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 1328543 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt | 0 | 22865 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt | 0 | 54264 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt | 0 | 39896 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt | 0 | 117025 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/Post1975UBTIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 2414414 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 801554 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 719079 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 501907 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 391874 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 2414414 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 801554 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 719079 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 501907 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 391874 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 2414414 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 41303 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 22438 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 63741 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 160107 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 7336 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 167443 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | -98724 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 122989 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 24265 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 28 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 12496 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 1140 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 3 | -1328 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 4 | 9029 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | credit cards |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | gift certificates payable |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | line of credit |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 3 | payroll liability |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 4 | sales tax payable |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 102686 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 21365 |
| IRS990ScheduleG/AgrmtProfFundraisingActyInd | 0 | false |
| IRS990ScheduleG/EmailSolicitationsInd | 0 | X |
| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 18140 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | Special Events |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt | 0 | 68869 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 68869 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt | 0 | 68869 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt | 0 | 68869 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | 50729 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt | 0 | 18140 |
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Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.