Civic Intelligence

The Art Studio Inc

990EZ • Fiscal year 2021 • EIN 76-0083832

Jul 01, 2020 to Jun 30, 2021 • Filed on Aug 29, 2022

Organization Profilewww.artstudio.org
720 FranklinBeaumont, TX 77701

(409) 838-5393

Siviq Scores

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

Liabilities / Assets

84th percentile

0.26x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

94th percentile

0.97x

Higher debt load relative to revenue than 94% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

35th percentile

-0.3%

Higher net margin than 35% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

81st percentile

$8,316

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 9.9% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

37th percentile

-1.3%

Faster asset growth than 37% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

38th percentile

-10%

Faster revenue growth than 38% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$320,116

Down $4,255 (-1.3%) from 2020

Net Assets

Down

$238,420

Down $271 (-0.1%) from 2020

Liabilities

Down

$81,696

Down $3,984 (-4.6%) from 2020

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin35th percentile

Revenue

Down

$83,886

Down $9,729 (-10%) from 2020

Expenses

Down

$84,157

Down $10,718 (-11%) from 2020

Net Income

Up

-$271

Up $989 (+78%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

$400K$300K$200K$100K$0Assets 2016: $164,956Liabilities 2016: $1962016Assets 2017: $319,359Liabilities 2017: $95,8832017Assets 2019: $332,012Liabilities 2019: $92,061Net Assets 2019: $239,9512019Assets 2020: $324,371Liabilities 2020: $85,680Net Assets 2020: $238,6912020Assets 2021: $320,116Liabilities 2021: $81,696Net Assets 2021: $238,4202021Assets 2022: $346,884Liabilities 2022: $76,420Net Assets 2022: $270,4642022

Highlighted filing

2021

Assets$320,116
Liabilities$81,696
Net Assets$238,420
Open 2021 Filing

Operations Trend

Revenue Growth38th percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2016: $55,663Expenses 2016: $50,300Net Income 2016: $5,3632016Revenue 2017: $124,343Expenses 2017: $65,627Net Income 2017: $58,7162017Revenue 2019: $93,752Expenses 2019: $95,743Net Income 2019: -$1,9912019Revenue 2020: $93,615Expenses 2020: $94,875Net Income 2020: -$1,2602020Revenue 2021: $83,886Expenses 2021: $84,157Net Income 2021: -$2712021Revenue 2022: $152,495Expenses 2022: $120,451Net Income 2022: $32,0442022

Highlighted filing

2021

Revenue$83,886
Expenses$84,157
Net Income-$271
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Aug 29, 2022
Return Version
2020v4.1
Gross Receipts
$85,719
Mission and Program Overview

Mission

See Schedule O

Program Services

DescriptionGrantsExpenses
Gallery is maintained year-round to exhibit and sellvarious artwork. Exhibits are scheduled on a monthlybasis.$0$23,602
Rental of studio space for the creation of art. Astudio gallery is maintained for sales from artists-in-residence.$0$17,725
Education: Classes are taught to the community-at-large through various mediums and art supplies are available forpurchase.$0$13,810
Other Program Services:Studio Ink: The organization publishes a monthly arts magazine to promote awareness of its programs. $5,933Band Nite: The organization hosts a monthly concert topromote new musical talent by enabling the general publicto perform. $7,072$0$13,005
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephanie OrtaTreasurer/Assistant DirectorPT$8,316-$8,316
Michelle CateSecretary/Assistant CuratorPT$7,970-$7,970
Greg Busceme SrPresident/Executive DirectorFT$1,769-$1,769
Angela ScheibelVice President-$0--
Rebecca BooneChairman-$0--
Stephen RoussetTenant Representative-$0--
Matt BeshearsDirector-$0--
Zach BowmanDirector-$0--
Sheila BuscemeDirector-$0--
Laurie GordonDirector-$0--
Kelly MurphyDirector-$0--
Shelby ObrienDirector-$0--
Michael SaarDirector-$0--
Filing and Contact Details

Filer

Filer Name
The Art Studio Inc
EIN
76-0083832
Phone
4098385393
Address
720 Franklin, Beaumont, TX 77701

Signing Officer

Name
Greg Busceme
Title
President
Phone
4098385393
Signed
2022-08-29
Discuss with paid preparer
Yes

Preparer

Firm
Lauren G Brooks & Associates Pc
Address
390 PARK ST STE 900, BEAUMONT, TX 77701
Preparer
Lauren Brooks
Phone
4098327413
Supplemental Narrative

Additional Explanations

Other

“Part III Primary Exempt Purpose: To provide the”

Other

“following to the general public-”

Other

“(1) Educational opportunities through interaction with”

Other

“and instruction by the Southeast Texas community of”

Other

“artists”

Other

“(2) Studio and exhibition space for the creation and”

Other

“display of artwork, and”

Other

“(3) An area for group work sessions to facilitate the”

Other

“exchange of artistic labor, ideas, and enthusiam.”

Pt III, Line 31

“Other Program Services:”

Pt III, Line 31

“Studio Ink: The organization publishes a monthly arts magazine to promote awareness of its programs. $5,933”

Pt III, Line 31

“Band Nite: The organization hosts a monthly concert to”

Pt III, Line 31

“promote new musical talent by enabling the general public”

Pt III, Line 31

“to perform. $7,072”

Form 990EZ, Part I, Line 8

“Sales Tax-Timely filing discount 7.”

Form 990EZ, Part I, Line 16

“Advertising & Promotion 744.”

Form 990EZ, Part I, Line 16

“Awards 2000.”

Form 990EZ, Part I, Line 16

“Depreciation 12677.”

Form 990EZ, Part I, Line 16

“Dues & Subscriptions 134.”

Form 990EZ, Part I, Line 16

“Equipment Rental 101.”

Form 990EZ, Part I, Line 16

“Equipment Repair & Maintenance 688.”

Form 990EZ, Part I, Line 16

“Information Technology 5164.”

Form 990EZ, Part I, Line 16

“Insurance 835.”

Form 990EZ, Part I, Line 16

“Interest 4064.”

Form 990EZ, Part I, Line 16

“Licenses & Fees 1463.”

Form 990EZ, Part I, Line 16

“Miscellaneous 130.”

Form 990EZ, Part I, Line 16

“Office Expenses 4842.”

Form 990EZ, Part I, Line 16

“Penalties 154.”

Form 990EZ, Part I, Line 16

“Supplies 4223.”

Form 990EZ, Part I, Line 16

“Travel 20.”

Form 990EZ, Part II, Line 24

“Other Receivables 1896. 1699.”

Form 990EZ, Part II, Line 26

“Accounts payable & accrued expenses 4200. 5321.”

Form 990EZ, Part II, Line 26

“Note payable 81480. 76375.”

Raw XML Appendix312 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Greg Busceme Sr
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Michelle Cate
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7Zach Bowman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8Sheila Busceme
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9Laurie Gordon
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm12Michael Saar
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President/Executive Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer/Assistant Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Secretary/Assistant Curator
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Tenant Representative
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Director
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt12Director
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Education: Classes are taught to the community-at-large through various mediums and art supplies are available forpurchase.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Gallery is maintained year-round to exhibit and sellvarious artwork. Exhibits are scheduled on a monthlybasis.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Rental of studio space for the creation of art. Astudio gallery is maintained for sales from artists-in-residence.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt3Other Program Services:Studio Ink: The organization publishes a monthly arts magazine to promote awareness of its programs. $5,933Band Nite: The organization hosts a monthly concert topromote new musical talent by enabling the general publicto perform. $7,072
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part II, Line 10 Description: SALES TAX TIMELY FILING DISCOUNT 2016: 3. 2017: 3. 2018: 0. 2019: 4. 2020: 7. Description: OTHER INCOME 2016: 0. 2017: 200. 2018: 0.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt II Ln 10
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Part III Primary Exempt Purpose: To provide the
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1following to the general public-
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2(1) Educational opportunities through interaction with
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3and instruction by the Southeast Texas community of
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4artists
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5(2) Studio and exhibition space for the creation and
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6display of artwork, and
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7(3) An area for group work sessions to facilitate the
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8exchange of artistic labor, ideas, and enthusiam.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Other Program Services:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Studio Ink: The organization publishes a monthly arts magazine to promote awareness of its programs. $5,933
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Band Nite: The organization hosts a monthly concert to
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12promote new musical talent by enabling the general public
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13to perform. $7,072
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Sales Tax-Timely filing discount 7.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Advertising & Promotion 744.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Awards 2000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Depreciation 12677.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Dues & Subscriptions 134.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19Equipment Rental 101.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20Equipment Repair & Maintenance 688.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21Information Technology 5164.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22Insurance 835.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt23Interest 4064.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt24Licenses & Fees 1463.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt25Miscellaneous 130.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt26Office Expenses 4842.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt27Penalties 154.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt28Supplies 4223.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt29Travel 20.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt30Other Receivables 1896. 1699.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt31Accounts payable & accrued expenses 4200. 5321.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt32Note payable 81480. 76375.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Pt III, Line 31
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Pt III, Line 31
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Pt III, Line 31
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Pt III, Line 31
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Pt III, Line 31
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc21Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc22Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc23Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc24Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc25Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc26Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc27Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc28Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc29Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc30Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc31Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc32Form 990EZ, Part II, Line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GREG BUSCEME
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04098385393
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Art Studio Inc
ReturnHeader/Filer/BusinessNameControlTxt0ARTS
ReturnHeader/Filer/EIN0760083832
ReturnHeader/Filer/PhoneNum04098385393
ReturnHeader/Filer/USAddress/AddressLine1Txt0720 Franklin
ReturnHeader/Filer/USAddress/CityNm0Beaumont
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077701
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LAUREN G BROOKS & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0390 PARK ST STE 900
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BEAUMONT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077701
ReturnHeader/PreparerPersonGrp/PhoneNum04098327413
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Lauren Brooks
ReturnHeader/ReturnTs02022-09-09T11:54:27-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GREG
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BUSCEME
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$320,116
Liabilities
$81,696
Net assets
$238,420
Revenue
$83,886
Expenses
$84,157
Net income
-$271
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$3.47$0.76$2.70$1.52$1.20$0.32
2021Detailed filing. Detailed filing data is available for this year.$3.20$0.82$2.38$0.84$0.84$0.00
2020Detailed filing. Detailed filing data is available for this year.$3.24$0.86$2.39$0.94$0.95$0.01
2019Detailed filing. Detailed filing data is available for this year.$3.32$0.92$2.40$0.94$0.96$0.02
2017Summary only. Only limited summary data is available for this year.$3.19$0.96$1.24$0.66$0.59
2016Summary only. Only limited summary data is available for this year.$1.65$0.00$0.56$0.50$0.05