Civic Intelligence

Studio Two Three

990 • Fiscal year 2024 • EIN 27-0876594

Jan 01, 2024 to Dec 31, 2024 • Filed on Oct 21, 2025

109 W 15th StRichmond, VA 23224

(804) 254-7302

Siviq Scores

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

Liabilities / Assets

81st percentile

0.29x

Higher debt load relative to assets than 81% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

0.40x

Higher debt load relative to revenue than 85% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

10th percentile

-34%

Higher net margin than 10% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2024

Asset Growth

4th percentile

-42%

Faster asset growth than 4% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Revenue Growth

9th percentile

-32%

Faster revenue growth than 9% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Assets

Down

$939,265

Down $264,669 (-22%) from 2023

Net Assets

Down

$663,918

Down $233,899 (-26%) from 2023

Liabilities

Down

$275,347

Down $30,770 (-10%) from 2023

Revenue

Down

$696,286

Down $35,273 (-4.8%) from 2023

Expenses

Down

$930,185

Down $31,908 (-3.3%) from 2023

Net Income

Down

-$233,899

Down $3,365 (-1.5%) from 2023

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

2024

Assets$939,265
Liabilities$275,347
Net Assets$663,918

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

2024

Revenue$696,286
Expenses$930,185
Net Income-$233,899
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 21, 2025
Return Version
2024v5.0
Gross Receipts
$716,702
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.

Studio two three empowers artists to make art and 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 and ideas, and collaborate on projects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$106,375$159,367▲ $52,992
Accounts Receivable$277,005$105,430▼ $171,575
Cash and Non-Interest-Bearing Accounts$250,445$92,373▼ $158,072
Inventories for Sale or Use$3,516$5,380▲ $1,864
Total Assets$1,203,934$939,265▼ $264,669
Other Assets Total$566,593$576,715▲ $10,122
Liabilities
Unsecured Notes Loans Payable$154,209$149,900▼ $4,309
Other Liabilities$98,439$94,981▼ $3,458
Mortgage Notes Payable Secured by Investment Property$36,451--
Accounts Payable and Accrued Expenses$17,018$30,466▲ $13,448
Total Liabilities$306,117$275,347▼ $30,770
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$897,817$663,918▼ $233,899
Total Net Assets Fund Balance$897,817$663,918▼ $233,899
Total Liabilities and Net Assets / Fund Balance$1,203,934$939,265▼ $264,669

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$129,196$4,455$133,651
Equipment$30,171$72,950$103,121
Other Assets Org$3,605--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ashley HawkinsExecutive DiFT$75,962$75,962

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$315,693
Program Service Revenue
$300,635
Investment Income
$2,321
Other Revenue
$77,637
All Other Contributions
$279,812
Change in Net Assets
$-233,899
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$642,218
Salaries, Compensation, and Employee Benefits$287,967
Total Fundraising Expense$23,823
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$302,574$15,828-$318,402
Other Salaries and Wages$164,240--$164,240
Current Officers, Directors, Trustees, and Key Employees$53,173$15,192$7,596$75,961
Office Expenses$7,522$26,666$2,140$36,328
Other Employee Benefits$26,656--$26,656
Other Expenses$23,845-$240$23,845
Payroll Taxes$19,367$1,162$581$21,110
All Other Expenses$9,144$8,605$220$17,969
Insurance$15,522$2,302-$17,824
Interest$14,619--$14,619
Depreciation Depletion$10,254--$10,254
Information Technology--$6,202$6,202
Fees for Services Accounting-$6,190-$6,190
Advertising$3,809-$166$3,975
Travel$3,888--$3,888
Fees for Services Legal-$962-$962
Total Functional Expenses$829,455$76,907$23,823$930,185
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$93,653
Fundraising Direct Expenses$20,416
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Events$93,653$93,653$20,416$73,237
Total Events$93,653$93,653$20,416$73,237
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$75,000
Sales Tax Payable$12,948
Gift Certificates Payable$7,033
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The executive director reveiws the 990 with the treasurer and provides a copy for the full board via email

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

Compensation of the executive director is set by the executive/compensation committee, which is an "independent body". They conduct a "comparability review". The executive director is not part of this review process. The executive/compensation commmittee 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. The executive/compensation committee documents who was involved in the compensation setting process,(and their independence) and the process used to conduct the review, as well as the disposition of the full boards decision to approve the compensation in the minutes of a board meeting.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Studio Two Three
EIN
27-0876594
Phone
8042547302
Address
109 W 15TH ST, RICHMOND, VA 23224

Signing Officer

Name
Ashley Hawkins
Title
Executive Director
Phone
8042547302
Signed
2025-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ashley Hawkins
Formed
2019
Legal Domicile
Va
Voting Board Members
11
Independent Board Members
11
Employees
7

Preparer

Firm
J Brocklehurst CPA Pllc
Address
3900 WESTERRE PARKWAY SUITE 300, RICHMOND, VA 23233
Preparer
Janet L Brocklehurst
Phone
8047290023
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Studio two three empowers artists to make art and 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 and ideas, and collaborate on projects.

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

Community print shop and artist membership: as a community art organization, we beleive deeply in the power of printmaking to amplify the voices, stories and perspectives of our community. Printmaking is an accessible, affordable means of mass production, and a tool for civic engagement. We provide over 100 artists with 24/7 access to printing presses, darkroom, digital lab, communal tools and workpace, to support art making for personal and social change. We proudly host arts and advocacy projects, including performing statistics (an 8 week summer institute that works with incarcerated youth to creatively reimagine the milk river arts (an ongoing studio program for neurodiverse artists)), richmond public schools (we provide space, educational assistance and print making for their advocacy meetings and events).

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

Commumity printmaking: studio two three brings its mobile print truck into the community in support for free community printmakiing activities. The truck visits festivals, nonprofits, community events, and collaborates with arts and activist communtiies working on social justice issues in the city of richmond and beyond. The studio holds several community printmaking days a month; the content varies each time. Processes include screen printing t-shirts and posters, printing giant letterpress banners, and using the print truck as a mobile darkroom to shot and develop large-frame photgraphic portraits. Community events initiative: launched in 2024, this program has become a cornerstone of studio two threes work. The community events initiative provides a diverse range of arts and cultural initiatives, organizations and projects with free access to studio two threes high capacity event space with a/v, seating and tables and staff support. The program hosts 15+ groups per month, and welcomes 20k+ people to studio two three annually. Events range from square dances to film screenings, nonprofit retreats, civic meetings, plays and live music performances, artist markets and food distribution. Our partnerships include arts and culture organizations, schools, civic groups and grassroots organizations.

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IRS990/MissionDesc0STUDIO TWO THREE EMPOWERS ARTISTS TO MAKE ART AND 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 AND IDEAS, AND COLLABORATE ON PROJECTS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0STUDIO 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 ARTISTS WORK AT VENDOR MARKETS, THEIR ANNUAL WINTER MARKET AND FALL ART AUCTION.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0COMMUMITY PRINTMAKING: STUDIO TWO THREE BRINGS ITS MOBILE PRINT TRUCK INTO THE COMMUNITY IN SUPPORT FOR FREE COMMUNITY PRINTMAKIING ACTIVITIES. THE TRUCK VISITS FESTIVALS, NONPROFITS, COMMUNITY EVENTS, AND COLLABORATES WITH ARTS AND ACTIVIST COMMUNTIIES WORKING ON SOCIAL JUSTICE ISSUES IN THE CITY OF RICHMOND AND BEYOND. THE STUDIO HOLDS SEVERAL COMMUNITY PRINTMAKING DAYS A MONTH; THE CONTENT VARIES EACH TIME. PROCESSES INCLUDE SCREEN PRINTING T-SHIRTS AND POSTERS, PRINTING GIANT LETTERPRESS BANNERS, AND USING THE PRINT TRUCK AS A MOBILE DARKROOM TO SHOT AND DEVELOP LARGE-FRAME PHOTGRAPHIC PORTRAITS. COMMUNITY EVENTS INITIATIVE: LAUNCHED IN 2024, THIS PROGRAM HAS BECOME A CORNERSTONE OF STUDIO TWO THREES WORK. THE COMMUNITY EVENTS INITIATIVE PROVIDES A DIVERSE RANGE OF ARTS AND CULTURAL INITIATIVES, ORGANIZATIONS AND PROJECTS WITH FREE ACCESS TO STUDIO TWO THREES HIGH CAPACITY EVENT SPACE WITH A/V, SEATING AND TABLES AND STAFF SUPPORT. THE PROGRAM HOSTS 15+ GROUPS PER MONTH, AND WELCOMES 20K+ PEOPLE TO STUDIO TWO THREE ANNUALLY. EVENTS RANGE FROM SQUARE DANCES TO FILM SCREENINGS, NONPROFIT RETREATS, CIVIC MEETINGS, PLAYS AND LIVE MUSIC PERFORMANCES, ARTIST MARKETS AND FOOD DISTRIBUTION. OUR PARTNERSHIPS INCLUDE ARTS AND CULTURE ORGANIZATIONS, SCHOOLS, CIVIC GROUPS AND GRASSROOTS ORGANIZATIONS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STUDIO TWO THREE EMPOWERS ARTISTS TO MAKE ART AND 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 AND IDEAS, AND COLLABORATE ON PROJECTS.

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