Civic Intelligence

Parallel Studios Inc

EIN 36-4663305 • 501(c)3 • Santa Fe, NM

Profile

Parallel Studios is committed to present the work of emerging and established video and new media artists through exhibitions and workshops. We strive to reinvigorate the role creativity and the arts play in our community and the future of our youth. Our programs create a bridge between youth, the general public and the world of contemporary art.

167 Soaring Hawk TrailSanta Fe, NM 87508-1414

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

62nd percentile

0.00x

Higher debt load relative to assets than 62% of similar nonprofits.

NTEE A20 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Higher debt load relative to revenue than 62% of similar nonprofits.

NTEE A20 • <$500k nonprofits • Source year 2024

Net Margin

42nd percentile

1.3%

Higher net margin than 42% of similar nonprofits.

NTEE A20 • <$500k nonprofits • Source year 2024

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

NTEE A20 • <$500k nonprofits • Source year 2024

Asset Growth

52nd percentile

2.7%

Faster asset growth than 52% of similar nonprofits.

NTEE A20 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

38th percentile

-11%

Faster revenue growth than 38% of similar nonprofits.

NTEE A20 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$109,253

Up $2,842 (+2.7%) from 2023

Liabilities

Up

$241

Up $143 (+146%) from 2023

Net Assets

Up

$109,012

Up $2,699 (+2.5%) from 2023

Revenue

Down

$202,799

Down $25,962 (-11%) from 2023

Expenses

Down

$200,103

Down $13,234 (-6.2%) from 2023

Net Income

Down

$2,696

Down $12,728 (-83%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2012: $40,089Liabilities 2012: $30,567Net Assets 2012: $9,5222012Assets 2013: $40,119Liabilities 2013: $32,515Net Assets 2013: $7,6042013Assets 2014: $30,623Liabilities 2014: $19,765Net Assets 2014: $10,8582014Assets 2015: $15,817Liabilities 2015: $2,832Net Assets 2015: $12,9852015Assets 2016: $31,319Liabilities 2016: $13,955Net Assets 2016: $17,3642016Assets 2017: $33,628Liabilities 2017: $12,122Net Assets 2017: $21,5062017Assets 2018: $38,939Liabilities 2018: $12,107Net Assets 2018: $26,8322018Assets 2019: $47,718Liabilities 2019: $19,025Net Assets 2019: $28,6932019Assets 2020: $51,911Liabilities 2020: $2,825Net Assets 2020: $49,0862020Assets 2021: $91,682Liabilities 2021: $9,890Net Assets 2021: $81,7922021Assets 2022: $92,393Liabilities 2022: $1,504Net Assets 2022: $90,8892022Assets 2023: $106,411Liabilities 2023: $98Net Assets 2023: $106,3132023Assets 2024: $109,253Liabilities 2024: $241Net Assets 2024: $109,0122024

Highlighted filing

2024

Assets$109,253
Liabilities$241
Net Assets$109,012

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2012: $102,495Expenses 2012: $106,253Net Income 2012: -$3,7582012Revenue 2013: $148,717Expenses 2013: $150,635Net Income 2013: -$1,9182013Revenue 2014: $167,426Expenses 2014: $164,298Net Income 2014: $3,1282014Revenue 2015: $177,898Expenses 2015: $175,771Net Income 2015: $2,1272015Revenue 2016: $205,308Expenses 2016: $201,247Net Income 2016: $4,0612016Revenue 2017: $215,261Expenses 2017: $211,119Net Income 2017: $4,1422017Revenue 2018: $272,948Expenses 2018: $267,622Net Income 2018: $5,3262018Revenue 2019: $267,824Expenses 2019: $265,963Net Income 2019: $1,8612019Revenue 2020: $163,409Expenses 2020: $143,016Net Income 2020: $20,3932020Revenue 2021: $286,655Expenses 2021: $253,949Net Income 2021: $32,7062021Revenue 2022: $288,455Expenses 2022: $279,358Net Income 2022: $9,0972022Revenue 2023: $228,761Expenses 2023: $213,337Net Income 2023: $15,4242023Revenue 2024: $202,799Expenses 2024: $200,103Net Income 2024: $2,6962024

Highlighted filing

2024

Revenue$202,799
Expenses$200,103
Net Income$2,696

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.00$1.09$2.03$2.00$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.00$1.06$2.29$2.13$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.02$0.91$2.88$2.79$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.10$0.82$2.87$2.54$0.33
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.03$0.49$1.63$1.43$0.20
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.48$0.19$0.29$2.68$2.66$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.39$0.12$0.27$2.73$2.68$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.12$0.22$2.15$2.11$0.04
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.14$0.17$2.05$2.01$0.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.16$0.03$0.13$1.78$1.76$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.31$0.20$0.11$1.67$1.64$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.40$0.33$0.08$1.49$1.51$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.31$0.10$1.02$1.06$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$202,799
Mission and Program Overview

Mission

Parallel studios fosters new media arts and supports artists in creating innovative work. Our annual festival, currents, educational programs, and exhibition space give the public year-round access to immersive and expansive art experiences.

Parallel Studios Inc. organizes and presents its Currents Art & Technology Festival annually, which gives the community at large the chance to experience the latest in new media arts in an open and non-intimidating environment. We provide docent tours to expand the general public's understanding of the medium.From 2021 through 2024 festival admission was $10 for adults and was free for those 20 and younger. We create an environment for the participating artists that is conducive to the sharing of information and experience. Selected artists present lectures and hands-on workshops which are open to artists and the public. We strive to engage youth in this art form by inviting groups to attend and offering guided tours.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$82,445$101,377▲ $18,932
Cash and Non-Interest-Bearing Accounts$21,432$5,342▼ $16,090
Land, Buildings, and Equipment, Net$2,534$2,534→ $0
Total Assets$106,411$109,253▲ $2,842
Liabilities
Other Liabilities$98$241▲ $143
Total Liabilities$98$241▲ $143
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$106,313$109,012▲ $2,699
Total Net Assets Fund Balance$106,313$109,012▲ $2,699
Total Liabilities and Net Assets / Fund Balance$106,411$109,253▲ $2,842

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,534$15,186$17,720
Compensation and Service Providers

Board Members and Trustees

NameTitle
Anne FarrellPresident
Mariannah AmsterCreative Director
Robert SiquerirosDirector
Frank RaganoExecutive Director
Hannah KrammSecretary
Ken ProkuskiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$161,876
Program Service Revenue
$40,923
Investment Income
$0
Other Revenue
$0
All Other Contributions
$52,968
Change in Net Assets
$2,696
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$154,817
Salaries, Compensation, and Employee Benefits$45,286
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$37,718$4,191-$41,909
Advertising$24,683$2,744-$27,427
Occupancy$20,323$2,258-$22,581
Other Expenses$6,596$733-$7,329
Office Expenses$5,798$645-$6,443
Insurance$4,660$518-$5,178
Payroll Taxes$3,039$338-$3,377
All Other Expenses$2,142$238-$2,380
Fees for Services Accounting-$1,028-$1,028
Total Functional Expenses$179,164$20,939$0$200,103
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other current liabilities$241
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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, Part VI, Section B, line 11B

Organizations Process to Review Form 990 The form 990 is distributed via e-mail to the entire board for review before filing

Form 990, Part VI, Section C, line 19

The organizations books of record are available upon request. The form 990 is available on Guidestar.

Filing and Contact Details

Filer

Filer Name
Parallel Studios Inc
EIN
36-4663305
Phone
5056706473
Address
167 Soaring Hawk Trail, Santa Fe, NM 87508-1414

Signing Officer

Name
Frank Ragano
Title
Executive Director
Phone
5056706473
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frank Ragano
Voting Board Members
6
Independent Board Members
6
Employees
2
Volunteers
0

Preparer

Firm
Moore & Associates
Address
1458 S Saint Francis Dr, Santa Fe, NM 87505-4038
Preparer
Richard Moore
Phone
5059881201
Raw XML Appendix370 raw XML fields

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/ActivityOrMissionDesc0Parallel Studios Inc. organizes and presents its Currents Art & Technology Festival annually, which gives the community at large the chance to experience the latest in new media arts in an open and non-intimidating environment. We provide docent tours to expand the general public's understanding of the medium.From 2021 through 2024 festival admission was $10 for adults and was free for those 20 and younger. We create an environment for the participating artists that is conducive to the sharing of information and experience. Selected artists present lectures and hands-on workshops which are open to artists and the public. We strive to engage youth in this art form by inviting groups to attend and offering guided tours.
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IRS990/Desc0The "Currents" Exhibition - Parallel Studios presents its Current New Media Festival for a 10-day period each June in Santa Fe, New Mexico. It offers the community at large the chance to experience the latest in new media arts in an open and non-intimidating environment. We provide docents tours to expand the general public's understanding of the medium. In 2020 the event went virtual due to the pandemic. It included approximately 40 different artists and experiences. 6,500 visitors from 95 countries and every state in the USA attended the on-line festival. Through 2018 exhibits were free and in 2019 a small $5 admission fee was charged to the public so as not to discourage those unfamiliar with thisform from visiting the exhibitions. We are now charging a $10 entry fee for adults and free admission for those 20 and younger. We are committed to a nondiscriminatory approach to community involvement. We create an environment for the participating artists that is conducive to the sharing of information and experience. Selected artists present lectures and hands-on workshops which are open to artists and the public. We strive to engage youth in this art form by inviting youth groups to attend the exhibits and offering guided tours. Knowledgeable docents are available to guide them through the exhibit and answer their questions. We provide tours for over three hundred children from Santa Fe Summer Camp programs, Boys and Girls Clubs and charter school summer programs.
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IRS990/Form990PartVIISectionAGrp/PersonNm2Frank Ragano
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0Parallel Studios fosters new media arts and supports artists in creating innovative work. Our annual festival, CURRENTS, educational programs, and exhibition space give the public year-round access to immersive and expansive art experiences.
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0244031
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0162620
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01021601
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt040923
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt030244
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt033898
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt042624
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0789
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0148478
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt01170079
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0202799
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0228761
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0288455
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0286655
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0163409
IRS990ScheduleA/Total509Grp/TotalAmt01170079
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0202799
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0228761
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0288455
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0286655
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0163409
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01170079
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt02534
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015186
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017720
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0241
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Other current liabilities
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02534
IRS990ScheduleD/TotalLiabilityAmt0241
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Organizations Process to Review Form 990 The form 990 is distributed via e-mail to the entire board for review before filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organizations books of record are available upon request. The form 990 is available on Guidestar.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NM
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0106411
IRS990/TotalAssetsEOYAmt0109253
IRS990/TotalAssetsGrp/BOYAmt0106411
IRS990/TotalAssetsGrp/EOYAmt0109253
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0161876
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020939
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0179164
IRS990/TotalFunctionalExpensesGrp/TotalAmt0200103
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt098
IRS990/TotalLiabilitiesEOYAmt0241
IRS990/TotalLiabilitiesGrp/BOYAmt098
IRS990/TotalLiabilitiesGrp/EOYAmt0241
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0106313
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0109012
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0179164
IRS990/TotalProgramServiceRevenueAmt040923
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt040923
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0202799
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0106411
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0109253
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt0167 Soaring Hawk Trail
IRS990/USAddress/CityNm0Santa Fe
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd0875081414
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0currentsnewmedia.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Frank Ragano
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum05056706473
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Parallel Studios Inc
ReturnHeader/Filer/BusinessNameControlTxt0PARA
ReturnHeader/Filer/EIN0364663305
ReturnHeader/Filer/PhoneNum05056706473
ReturnHeader/Filer/USAddress/AddressLine1Txt0167 Soaring Hawk Trail
ReturnHeader/Filer/USAddress/CityNm0Santa Fe
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd0875081414
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0850461925
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MOORE & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01458 S Saint Francis Dr
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Santa Fe
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0875054038
ReturnHeader/PreparerPersonGrp/PhoneNum05059881201
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD MOORE
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-11-17T12:30:41-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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