Civic Intelligence

Open Studio Project Inc.

990 • Fiscal year 2023 • EIN 36-3894275

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 09, 2023

903 Sherman AvenueEvanston, IL 60202-1703

(847) 475-0390

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.70x

Higher debt load relative to assets than 92% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

85th percentile

0.15x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

35th percentile

-4.0%

Higher net margin than 35% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

24th percentile

-19%

Faster asset growth than 24% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

44th percentile

-0.2%

Faster revenue growth than 44% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$90,380

Down $21,270 (-19%) from 2022

Net Assets

Down

$26,930

Down $17,174 (-39%) from 2022

Liabilities

Down

$63,450

Down $4,096 (-6.1%) from 2022

Revenue

Down

$425,331

Down $1,034 (-0.2%) from 2022

Expenses

Up

$442,505

Up $53,276 (+14%) from 2022

Net Income

Down

-$17,174

Down $54,310 (-146%) from 2022

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0-$50KAssets 2021: $106,834Liabilities 2021: $99,866Net Assets 2021: $6,9682021Assets 2022: $111,650Liabilities 2022: $67,546Net Assets 2022: $44,1042022Assets 2023: $90,380Liabilities 2023: $63,450Net Assets 2023: $26,9302023Assets 2024: $63,529Liabilities 2024: $64,808Net Assets 2024: -$1,2792024Assets 2025: $95,520Liabilities 2025: $65,111Net Assets 2025: $30,4092025

Highlighted filing

2023

Assets$90,380
Liabilities$63,450
Net Assets$26,930

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2021: $229,875Expenses 2021: $249,385Net Income 2021: -$19,5102021Revenue 2022: $426,365Expenses 2022: $389,229Net Income 2022: $37,1362022Revenue 2023: $425,331Expenses 2023: $442,505Net Income 2023: -$17,1742023Revenue 2024: $404,691Expenses 2024: $432,900Net Income 2024: -$28,2092024Revenue 2025: $438,996Expenses 2025: $407,308Net Income 2025: $31,6882025

Highlighted filing

2023

Revenue$425,331
Expenses$442,505
Net Income-$17,174
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 9, 2023
Return Version
2022v5.0
Gross Receipts
$425,331
Mission and Program Overview

Mission

Provide participants the opportunity to develop their creative talents, provide an outreach program for at risk children, and raise awareness to various social issues

To bring art directly to individuals for personal growth, social emotional learning and community well-being.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$60,267$83,130▲ $22,863
Accounts Receivable$50,283$6,150▼ $44,133
Total Assets$111,650$90,380▼ $21,270
Other Assets Total$1,100$1,100→ $0
Liabilities
Unsecured Notes Loans Payable$56,944$55,865▼ $1,079
Accounts Payable and Accrued Expenses$10,602$7,585▼ $3,017
Total Liabilities$67,546$63,450▼ $4,096
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$44,104$26,930▼ $17,174
Total Net Assets Fund Balance$44,104$26,930▼ $17,174
Total Liabilities and Net Assets / Fund Balance$111,650$90,380▼ $21,270
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ted HarrisPresident
Beth AdlerDirector
Bridget StumpDirector
Melissa Trumball-mitchellDirector
Raissa BaileyDirector
Rebecca WuDirector
Rochelle RoysterDirector
Shawn JonesDirector
Dayna BlockCo-founder
Rob LentzExecutive Di
Marcia PowersSecretary
Maria OpdyckeTreasurer
Ellen BurtonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$140,730
Program Service Revenue
$273,300
Investment Income
$44
Other Revenue
$11,257
All Other Contributions
$95,422
Change in Net Assets
$-17,174

Audited Revenue Reconciliation

Revenue per Audited Statements
$425,331
Total Revenue per Audited Statements
$425,331
Total Revenue per Form 990
$425,331
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$223,039
Other Expenses$219,466
Total Fundraising Expense$41,018
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$179,242$7,131$20,375$206,748
Occupancy$44,812$2,490$2,490$49,792
Fees for Services Other$9,647$6,574$2,191$18,412
Office Expenses-$4,300$13,370$17,670
Payroll Taxes$14,124$562$1,605$16,291
Advertising$6,137--$6,137
Insurance-$3,506-$3,506
Fees for Services Accounting$3,500--$3,500
Other Expenses$3,494--$3,494
All Other Expenses$2,159$31$987$3,177
Interest-$2,044-$2,044
Total Functional Expenses$374,849$26,638$41,018$442,505

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$442,505
Total Expenses per Audited Statements$442,505
Total Expenses per Form 990$442,505
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$6,387
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

Reviewed by board of directors

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Open Studio Project Inc
EIN
36-3894275
Phone
8474750390
Address
903 SHERMAN AVENUE, EVANSTON, IL 60202-1703

Signing Officer

Name
Rob Lentz
Title
Executive Director
Phone
8474750390
Signed
2023-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rob Lentz
Formed
1993
Voting Board Members
11
Independent Board Members
11
Employees
5

Preparer

Firm
Grieco & Adelman LLC
Address
2340 S RIVER RD STE 311, DES PLAINES, IL 60018
Preparer
Ann C Adelman
Phone
8476350793
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROB LENTZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08474750390
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OPEN STUDIO PROJECT INC
ReturnHeader/Filer/BusinessNameControlTxt0OPEN
ReturnHeader/Filer/EIN0363894275
ReturnHeader/Filer/PhoneNum08474750390
ReturnHeader/Filer/USAddress/AddressLine1Txt0903 SHERMAN AVENUE
ReturnHeader/Filer/USAddress/CityNm0EVANSTON
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DES PLAINES
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060018
ReturnHeader/PreparerPersonGrp/PhoneNum08476350793
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANN C ADELMAN
ReturnHeader/ReturnTs02023-11-14T10:01:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROB
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LENTZ
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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