Civic Intelligence

Parallel Studios Inc.

990 • Fiscal year 2017 • EIN 36-4663305

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 07, 2018

167 Soaring Hawk TrailSanta Fe, NM 87508

(505) 670-6473

Siviq Scores

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

Liabilities / Assets

84th percentile

0.36x

Higher debt load relative to assets than 84% of similar nonprofits.

2017 filings • NTEE A20 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

80th percentile

0.06x

Higher debt load relative to revenue than 80% of similar nonprofits.

2017 filings • NTEE A20 • <$500k nonprofits • Source year 2017

Net Margin

43rd percentile

1.9%

Higher net margin than 43% of similar nonprofits.

2017 filings • NTEE A20 • <$500k nonprofits • Source year 2017

Top Officer Pay

86th percentile

$20,956

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

2017 filings • NTEE A20 • <$500k nonprofits • Source year 2017

Asset Growth

55th percentile

7.4%

Faster asset growth than 55% of similar nonprofits.

2017 filings • NTEE A20 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

44th percentile

4.8%

Faster revenue growth than 44% of similar nonprofits.

2017 filings • NTEE A20 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$33,628

Up $2,309 (+7.4%) from 2016

Net Assets

Up

$21,506

Up $4,142 (+24%) from 2016

Liabilities

Down

$12,122

Down $1,833 (-13%) from 2016

Revenue

Up

$215,261

Up $9,953 (+4.8%) from 2016

Expenses

Up

$211,119

Up $9,872 (+4.9%) from 2016

Net Income

Up

$4,142

Up $81 (+2.0%) from 2016

Historical Trend

Balance Sheet Trend

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

$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

2017

Assets$33,628
Liabilities$12,122
Net Assets$21,506

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$215,261
Expenses$211,119
Net Income$4,142
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 7, 2018
Return Version
2017v2.2
Gross Receipts
$215,261
Mission and Program Overview

Mission

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.

Parallel Studios organizes and presents it's Currents Media Festival which gives the community at large the chance to experience the latest in new media arts in a open and non-intimidating environment and to provide docent tours to expand the general public's understanding of the medium. Exhibits are free to the public so as not to discourage those unfamiliar with this form from visiting the exhibitions. We are committed to a non-discriminatory and inclusive 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 presenting their work at our exhibitions and by inviting youth groups to attend the exhibits. Knowledgeable docents are available to guide them through the exhibit and answer their questions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$15,311$23,115▲ $7,804
Cash and Non-Interest-Bearing Accounts$11,095$7,979▼ $3,116
Land, Buildings, and Equipment, Net$4,913$2,534▼ $2,379
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-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$31,319$33,628▲ $2,309
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$12,900$10,695▼ $2,205
Other Liabilities$1,055$1,427▲ $372
Total Liabilities$13,955$12,122▼ $1,833
Net Assets / Fund Balance
Unrestricted Net Assets$17,364$21,506▲ $4,142
Total Net Assets Fund Balance$17,364$21,506▲ $4,142
Total Liabilities and Net Assets / Fund Balance$31,319$33,628▲ $2,309

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,534$9,862$12,396
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Frank RaganoCo-Executive directorFT$20,956$20,956
Mariannah AmsterCo-Executive DirectorFT$20,956$20,956

Board Members and Trustees

NameTitle
Kitty JudaPresident
Richard LowenbergDirector
Tony AbeytaDirector
Anne FarrellSecretary
Sandy ZaneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$204,577
Program Service Revenue
$10,684
Investment Income
$0
Other Revenue
$0
All Other Contributions
$141,232
Change in Net Assets
$4,142
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$146,373
Salaries, Compensation, and Employee Benefits$64,746
Total Fundraising Expense$14,371
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$18,000$18,000$5,912$41,912
Advertising$23,204$2,730$1,365$27,299
All Other Expenses$16,841$1,981$990$19,812
Other Salaries and Wages$15,318$1,802$901$18,021
Occupancy$12,890$1,517$758$15,165
Other Expenses$6,270$737$369$7,376
Insurance$4,160$489$245$4,894
Payroll Taxes$4,091$481$241$4,813
Depreciation Depletion$2,022$238$119$2,379
Fees for Services Accounting$1,284$151$75$1,510
Travel$988$116$58$1,162
Total Functional Expenses$161,828$34,920$14,371$211,119
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$1,425
Rounding$2
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
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, Line 11B: Form 990 Review Process

The Form 990 is distributed via email to the entire board prior to filing of the return.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization's books of record are available upon request. The 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

Signing Officer

Name
Frank Ragano
Title
Executive Director
Signed
2018-08-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frank Regano
Legal Domicile
Nm
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
30

Preparer

Firm
Donna Bailey CPA
Address
1440 B ST Francis Drive, Santa Fe, NM 87505
Preparer
Donna Bailey
Phone
5059821443
Raw XML AppendixShowing 400 of 447 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt012900
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt010695
IRS990/AccountsReceivableGrp/BOYAmt015311
IRS990/AccountsReceivableGrp/EOYAmt023115
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Parallel Studios organizes and presents it's Currents Media Festival which gives the community at large the chance to experience the latest in new media arts in a open and non-intimidating environment and to provide docent tours to expand the general public's understanding of the medium. Exhibits are free to the public so as not to discourage those unfamiliar with this form from visiting the exhibitions. We are committed to a non-discriminatory and inclusive 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 presenting their work at our exhibitions and by inviting youth groups to attend the exhibits. Knowledgeable docents are available to guide them through the exhibit and answer their questions.
IRS990/AdvertisingGrp/FundraisingAmt01365
IRS990/AdvertisingGrp/ManagementAndGeneralAmt02730
IRS990/AdvertisingGrp/ProgramServicesAmt023204
IRS990/AdvertisingGrp/TotalAmt027299
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherContributionsAmt0141232
IRS990/AllOtherExpensesGrp/FundraisingAmt0990
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01981
IRS990/AllOtherExpensesGrp/ProgramServicesAmt016841
IRS990/AllOtherExpensesGrp/TotalAmt019812
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Frank Ragano
IRS990/BooksInCareOfDetail/PhoneNum05056706473
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0167 Soaring Hawk Trail
IRS990/BooksInCareOfDetail/USAddress/CityNm0Santa Fe
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NM
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0875081414
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt011095
IRS990/CashNonInterestBearingGrp/EOYAmt07979
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt05912
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt018000
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt018000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt041912
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0204577
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0146373
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt010684
IRS990/CYRevenuesLessExpensesAmt04142
IRS990/CYSalariesCompEmpBnftPaidAmt064746
IRS990/CYTotalExpensesAmt0211119
IRS990/CYTotalFundraisingExpenseAmt014371
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0215261
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt0119
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0238
IRS990/DepreciationDepletionGrp/ProgramServicesAmt02022
IRS990/DepreciationDepletionGrp/TotalAmt02379
IRS990/Desc0The "CURRENTS" Exhibition - Parallel Studios presents it's Currents New Media Festival for a seventeen day period each June. It is conveniently located in the Santa Fe Railyard and offers the community at large the chance to experience the latest in new media arts in a open and non-intimidating environment. We provide docent tours to expand the general public's understanding of the medium. Exhibits are free to the public so as not to discourage those unfamiliar with this form from visiting the exhibitions. We are committed to a non-discriminatory and inclusive 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 presenting their work at our exhibitions and by inviting youth groups to attend the exhibits. Knowledgeable docents are available to guide them through the exhibit and answer their questions.In this year's Current's Festival, we partnered with the Santa Fe Mountain Center and four of their "at risk youth" clients. They participated in an AV workshop whre they created a video which was presentated at the festival. They also worked as paid interns during the installation and run of the festival. We provided tours for over three hundred children from Santa Fe Summer Camp programs, Boys and Girls Clubs and charter school summer programs. We organized tours for Santa Fe middle and high school media arts teachers. Meow Wolf provided paid staff to help install and deinstall the show and Google provided free awards each month of 2017 valued at ten thousand dollars per month.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt0161828
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt075
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0151
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt01284
IRS990/FeesForServicesAccountingGrp/TotalAmt01510
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0Tony Abeyta
IRS990/Form990PartVIISectionAGrp/PersonNm1Kitty Juda
IRS990/Form990PartVIISectionAGrp/PersonNm2Richard Lowenberg
IRS990/Form990PartVIISectionAGrp/PersonNm3Anne Farrell
IRS990/Form990PartVIISectionAGrp/PersonNm4Sandy Zane
IRS990/Form990PartVIISectionAGrp/PersonNm5Frank Ragano
IRS990/Form990PartVIISectionAGrp/PersonNm6Mariannah Amster
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt520956
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt620956
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Co-Executive director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Co-Executive Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt063345
IRS990/GrantAmt075000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0215261
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/FundraisingAmt0245
IRS990/InsuranceGrp/ManagementAndGeneralAmt0489
IRS990/InsuranceGrp/ProgramServicesAmt04160
IRS990/InsuranceGrp/TotalAmt04894
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09862
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04913
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02534
IRS990/LandBldgEquipCostOrOtherBssAmt012396
IRS990/LegalDomicileStateCd0NM
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Parallel 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt017364
IRS990/NetAssetsOrFundBalancesEOYAmt021506
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0758
IRS990/OccupancyGrp/ManagementAndGeneralAmt01517
IRS990/OccupancyGrp/ProgramServicesAmt012890
IRS990/OccupancyGrp/TotalAmt015165
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Production Costs
IRS990/OtherExpensesGrp/Desc1Staff Housing
IRS990/OtherExpensesGrp/Desc2Artist travel
IRS990/OtherExpensesGrp/Desc3Artist support
IRS990/OtherExpensesGrp/FundraisingAmt02205
IRS990/OtherExpensesGrp/FundraisingAmt1567
IRS990/OtherExpensesGrp/FundraisingAmt2566
IRS990/OtherExpensesGrp/FundraisingAmt3369
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04411
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11134
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21133
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3737
IRS990/OtherExpensesGrp/ProgramServicesAmt037492
IRS990/OtherExpensesGrp/ProgramServicesAmt19640
IRS990/OtherExpensesGrp/ProgramServicesAmt29628
IRS990/OtherExpensesGrp/ProgramServicesAmt36270
IRS990/OtherExpensesGrp/TotalAmt044108
IRS990/OtherExpensesGrp/TotalAmt111341
IRS990/OtherExpensesGrp/TotalAmt211327
IRS990/OtherExpensesGrp/TotalAmt37376
IRS990/OtherLiabilitiesGrp/BOYAmt01055
IRS990/OtherLiabilitiesGrp/EOYAmt01427
IRS990/OtherRevenueMiscGrp/Desc0Fiscal Agent Fees
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0901
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01802
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt015318
IRS990/OtherSalariesAndWagesGrp/TotalAmt018021
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0241
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0481
IRS990/PayrollTaxesGrp/ProgramServicesAmt04091
IRS990/PayrollTaxesGrp/TotalAmt04813
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Frank Regano
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Application Fees
IRS990/ProgramServiceRevenueGrp/Desc1Workshop Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09860
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1824
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09860
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1824
IRS990/ProgSrvcAccomActy2Grp/Desc0Youth Media Makers - Parallel Studios has staff visit schools providing media programs and training to youth. This is a year round program.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0193061
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0156281
IRS990/PYOtherRevenueAmt0990
IRS990/PYProgramServiceRevenueAmt011257
IRS990/PYRevenuesLessExpensesAmt04061
IRS990/PYSalariesCompEmpBnftPaidAmt044966
IRS990/PYTotalExpensesAmt0201247
IRS990/PYTotalRevenueAmt0205308
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt04142
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0141232
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0193061
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0164611
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0151060
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0137256
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0787220
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt010684
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt011257
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt011207
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt015666
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt010381
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt059195
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0990
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02080
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01080
IRS990ScheduleA/OtherIncome509Grp/TotalAmt04150
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99510
IRS990ScheduleA/PublicSupportTotal509Amt0846415
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0151916
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0204318
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0175818
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0166726
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0147637
IRS990ScheduleA/Total509Grp/TotalAmt0846415
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0151916
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0205308
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0177898
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0166726
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0148717
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0850565
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt02534
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09862
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012396
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01425
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Rounding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02534
IRS990ScheduleD/TotalLiabilityAmt01427
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is distributed via email to the entire board prior to filing of the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization's books of record are available upon request. The 990 is available on Guidestar.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NM
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt031319
IRS990/TotalAssetsEOYAmt033628
IRS990/TotalAssetsGrp/BOYAmt031319
IRS990/TotalAssetsGrp/EOYAmt033628
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0204577
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt014371
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034920
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0161828
IRS990/TotalFunctionalExpensesGrp/TotalAmt0211119
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013955
IRS990/TotalLiabilitiesEOYAmt012122
IRS990/TotalLiabilitiesGrp/BOYAmt013955
IRS990/TotalLiabilitiesGrp/EOYAmt012122
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt017364
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt021506
IRS990/TotalProgramServiceExpensesAmt0161828

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2017Detailed filing. Detailed filing data is available for this year.$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