Civic Intelligence

Studio at 550

990EZ • Fiscal year 2024 • EIN 81-1526084

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 25, 2025

Organization Profilewww.studioat550.org
29 Autumn StSomerville, MA 02145

(617) 863-2550

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2024

Net Margin

21st percentile

-17%

Higher net margin than 21% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

80th percentile

$3,727

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

12th percentile

-45%

Faster asset growth than 12% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

32nd percentile

-12%

Faster revenue growth than 32% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$24,214

Down $19,918 (-45%) from 2023

Net Assets

Down

$24,214

Down $19,918 (-45%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin21st percentile

Revenue

Down

$118,089

Down $16,305 (-12%) from 2023

Expenses

Up

$138,007

Up $50,929 (+58%) from 2023

Net Income

Down

-$19,918

Down $67,234 (-142%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$60K$40K$20K$0Assets 2023: $44,132Net Assets 2023: $44,1322023Assets 2024: $24,214Net Assets 2024: $24,2142024Assets 2025: $58,337Liabilities 2025: $31,860Net Assets 2025: $26,4772025

Highlighted filing

2024

Assets$24,214
Liabilities-
Net Assets$24,214
Open 2024 Filing

Operations Trend

Revenue Growth32nd percentile

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

$150K$100K$50K$0-$50KRevenue 2023: $134,394Expenses 2023: $87,078Net Income 2023: $47,3162023Revenue 2024: $118,089Expenses 2024: $138,007Net Income 2024: -$19,9182024Revenue 2025: $6,441Expenses 2025: $4,178Net Income 2025: $2,2632025

Highlighted filing

2024

Revenue$118,089
Expenses$138,007
Net Income-$19,918
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 25, 2025
Return Version
2023v6.0
Gross Receipts
$118,089
Mission and Program Overview

Mission

Provided arts programming including performances and artist support.

The corporation is designed to be a 501 (c) (3) non-profit organization to provide financial stability in order to support artists and their craft through educational programming and affordable space rental for the creation of art. In addition, the corporation strives to reach out in to various communities and cultures throughout the world to expose and e ducate the general public, including the youth and elderly and various co mmunity based programs, in alliance to expose various art forms througho ut those communities.

Program Services

DescriptionGrantsExpenses
Fiscal Sponsorship Program - Artists who need 501c(3) status to apply for grants use Studio at 550 as a fiscal sponsor. Currently there are 6 fiscally sponsored artists enrolled in the program. Each artist has a group of 5 or more.$114,129$138,007
Low cost AV services to artist groups - Studio at 550 provides low cost documentation/recording AV services for artists and groups for their performances. This includes simple videography documentation of live performances.$3,960$3,960
Workshops for professional development$170$170
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Callie ChapmanDirectorPT$0$3,727$3,727
Ivan KornTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Studio at 550
EIN
81-1526084
Phone
6178632550
Address
29 Autumn St, Somerville, MA 02145

Signing Officer

Name
Callie Chapman
Title
Director
Phone
6178632550
Signed
2025-01-25
Raw XML Appendix134 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/ProgramServiceRevenueAmt03960
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Low cost AV services to artist groups - Studio at 550 provides low cost documentation/recording AV services for artists and groups for their performances. This includes simple videography documentation of live performances.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Workshops for professional development
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0114129
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0127995
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/PhoneNum06178632550
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-25
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ReturnHeader/Filer/BusinessNameControlTxt0STUD
ReturnHeader/Filer/EIN0811526084
ReturnHeader/Filer/PhoneNum06178632550
ReturnHeader/Filer/USAddress/AddressLine1Txt029 Autumn St
ReturnHeader/Filer/USAddress/CityNm0Somerville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002145
ReturnHeader/ReturnTs02025-01-25T13:25:53Z
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,214
Liabilities
-
Net assets
$24,214
Revenue
$118,089
Expenses
$138,007
Net income
-$19,918
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.58$0.32$0.26$0.06$0.04$0.02
2024Detailed filing. Detailed filing data is available for this year.$0.24$0.24$1.18$1.38$0.20
2023Detailed filing. Detailed filing data is available for this year.$0.44$0.44$1.34$0.87$0.47