Civic Intelligence

Studio Two Three-1

990EZ • Fiscal year 2014 • EIN 27-0876594

Jan 01, 2014 to Dec 31, 2014 • Filed on Mar 25, 2015

1617 West Main StreetRichmond, VA 23220

(804) 254-7302

Siviq Scores

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

Liabilities / Assets

70th percentile

0.04x

Higher debt load relative to assets than 70% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

68th percentile

0.02x

Higher debt load relative to revenue than 68% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

76th percentile

19%

Higher net margin than 76% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

49th percentile

1.5%

Faster asset growth than 49% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

65th percentile

13%

Faster revenue growth than 65% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$51,579

Up $746 (+1.5%) from 2013

Net Assets

Up

$49,336

Up $21,687 (+78%) from 2013

Liabilities

Down

$2,243

Down $20,941 (-90%) from 2013

Revenue

Up

$113,095

Up $12,991 (+13%) from 2013

Expenses

Up

$91,408

Up $9,508 (+12%) from 2013

Net Income

Up

$21,687

Up $3,483 (+19%) from 2013

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

2014

Assets$51,579
Liabilities$2,243
Net Assets$49,336

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

2014

Revenue$113,095
Expenses$91,408
Net Income$21,687
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Mar 25, 2015
Return Version
2014v5.0
Gross Receipts
$121,619
Mission and Program Overview

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.

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.-$27,827
WORKSHOPS & EDUCATION: STUDIO TWO THREE OFFERS A VARIETY OF PRINTMAKING CLASSES AND WORKSHOPS THROUGHOUT THE MONTH. 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.-$22,933
EXHIBITIONS: STUDIO TWO THREE'S EXHIBITIONS ARE OFFERED IN PARTNERSHIP WITH OTHER NONPROFITS, GALLERIES AND EDUCATIONAL INSTITUTIONS. STUDIO TWO THREE'S ANNUAL STEAMROLL PRINTING EXHIBITION SHOWCASES THE ART OF PRINTMAKING TO AN AUDIENCE OF OVER 10,000. 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.-$18,142
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KATE REDDINGBoard Chair-$0--
ANDREW HESSTreasurer-$0--
LAURIE CARNOHANDirector-$0--
JESSICA SPENCEDirector-$0--
RACHEL WHITESecretary-$0--
ALYSSA SALOMONVice Chair-$0--
JOSH EPPERSONDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction/spring$20,140$17,281$2,711$14,570
Total Events$20,140$17,281$2,711$14,570
Filing and Contact Details

Filer

Filer Name
Studio Two Three
EIN
27-0876594
Phone
8042547302
Address
1617 WEST MAIN STREET, RICHMOND, VA 23220

Signing Officer

Name
Ashley Hawkins
Title
Executive Director
Phone
8042547302
Signed
2015-03-25
Discuss with paid preparer
Yes

Preparer

Firm
Thomas & Thomas Pc
Address
4440-100 SPRINGFIELD ROAD, GLEN ALLEN, VA 23060
Preparer
Michael a Thomas
Phone
8043464406
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses marketing & fund development 21 marketing & fund development 173 marketing & fund development 169 marketing & fund development 374 office expense 296 office expense 136 office expense 235 office expense 1,964 travel 1 travel 12 seminars & conferences 80 seminars & conferences 50 insurance 316 insurance 263 insurance 263 insurance 877 dues & membership 20 dues & membership 631 repairs & maintenance 1,285 repairs & maintenance 549 repairs & maintenance 549 repairs & maintenance 534 programming expenses 6,900 programming expenses 3,499 programming expenses 1,085 programming expenses 689 business & service charge 255 business & service charge 213 business & service charge 213 business & service charge 1,881 non-investment depreciation 5,581 total 29,114

Form 990-ez, Part II, Line 24

Accounts receivable 130 0 prepaid expenses and deferred charges 0 361 equipment 12,800 37,662 less accumulated depreciation 5,911 11,492 security deposit 1,150 1,150 total 8,169 27,681

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 1,170 385 payroll liabilities 1,274 1,858

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. 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 exhibitions are offered in partnership with other nonprofits, galleries and educational institutions. Studio two three's annual steamroll printing exhibition showcases the art of printmaking to an audience of over 10,000. 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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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1WORKSHOPS & EDUCATION: STUDIO TWO THREE OFFERS A VARIETY OF PRINTMAKING CLASSES AND WORKSHOPS THROUGHOUT THE MONTH. 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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES MARKETING & FUND DEVELOPMENT 21 MARKETING & FUND DEVELOPMENT 173 MARKETING & FUND DEVELOPMENT 169 MARKETING & FUND DEVELOPMENT 374 OFFICE EXPENSE 296 OFFICE EXPENSE 136 OFFICE EXPENSE 235 OFFICE EXPENSE 1,964 TRAVEL 1 TRAVEL 12 SEMINARS & CONFERENCES 80 SEMINARS & CONFERENCES 50 INSURANCE 316 INSURANCE 263 INSURANCE 263 INSURANCE 877 DUES & MEMBERSHIP 20 DUES & MEMBERSHIP 631 REPAIRS & MAINTENANCE 1,285 REPAIRS & MAINTENANCE 549 REPAIRS & MAINTENANCE 549 REPAIRS & MAINTENANCE 534 PROGRAMMING EXPENSES 6,900 PROGRAMMING EXPENSES 3,499 PROGRAMMING EXPENSES 1,085 PROGRAMMING EXPENSES 689 BUSINESS & SERVICE CHARGE 255 BUSINESS & SERVICE CHARGE 213 BUSINESS & SERVICE CHARGE 213 BUSINESS & SERVICE CHARGE 1,881 NON-INVESTMENT DEPRECIATION 5,581 TOTAL 29,114
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 130 0 PREPAID EXPENSES AND DEFERRED CHARGES 0 361 EQUIPMENT 12,800 37,662 LESS ACCUMULATED DEPRECIATION 5,911 11,492 SECURITY DEPOSIT 1,150 1,150 TOTAL 8,169 27,681
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 1,170 385 PAYROLL LIABILITIES 1,274 1,858
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. 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 EXHIBITIONS ARE OFFERED IN PARTNERSHIP WITH OTHER NONPROFITS, GALLERIES AND EDUCATIONAL INSTITUTIONS. STUDIO TWO THREE'S ANNUAL STEAMROLL PRINTING EXHIBITION SHOWCASES THE ART OF PRINTMAKING TO AN AUDIENCE OF OVER 10,000. 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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ReturnHeader/BusinessOfficerGrp/PersonNm0ASHLEY HAWKINS
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLEN ALLEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd023060
ReturnHeader/PreparerPersonGrp/PhoneNum08043464406
ReturnHeader/PreparerPersonGrp/PreparationDt02015-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL A THOMAS
ReturnHeader/ReturnTs02015-05-13T08:46:30-05:00
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ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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