Civic Intelligence

The Studio of Hope Corporation

EIN 81-2586229 • 501(c)3

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

46th percentile

0.0%

Higher net margin than 46% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Assets

$45,715

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$45,715

No earlier filing loaded for comparison.

Revenue

$71,575

No earlier filing loaded for comparison.

Expenses

$71,560

No earlier filing loaded for comparison.

Net Income

$15

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2022: $45,715Liabilities 2022: $0Net Assets 2022: $45,7152022

Highlighted filing

2022

Assets$45,715
Liabilities$0
Net Assets$45,715

Operations Trend

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

$80K$60K$40K$20K$0Revenue 2022: $71,575Expenses 2022: $71,560Net Income 2022: $152022

Highlighted filing

2022

Revenue$71,575
Expenses$71,560
Net Income$15

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 12, 2023
Return Version
2022v5.0
Gross Receipts
$72,000
Mission and Program Overview

Mission

The Studio of Hope is organized for Religious, Charitable and Educational purposes all of our charitable purposes are mandated by our Religious purpose. Our charitable purpose to provide housing, food and job training to the homeless is achieved through our rental of residential homes that provide homes 8 people per home with food and housing, each person must have and hold a job, pay an eighth of the rent and utilities about $300 per month. Our educational purpose is teaching young people how to play an instrument, record music with professional tools, use multi media to create or live stream, how to market and operate a successful social media advertising business, learn construction trades and apprenticeships with licensed contractors. Our religious purpose is fulfilled with each life that has been turned around, each homeless person that gets a job and moves into there own apartment, each child that learns how to play an instrument that they love, each person that learns humility.

Program Services

DescriptionGrantsExpenses
The Studio of Hope has 10 rental homes that we lease and pay all in costs, including furniture and household items, 5 were rented in 2021, 5 more in 2022. Each home provides a safe secure living space for (8) previously homeless people, these people are all employed and pay an equal portion of rent an utilities, approx, $300 per person each month, each resident on the lease, we purchase and stock the kitchen with healthy food each week.$71,560$71,560
The Studio of Hope Multi-Media Studio, along with all programs was closed in 2020 to prevent the spread of covid-19. In 2021 and 2022 all funds were spent on our Housing for the Homeless program, the program will resume fundraising for this purpose next year.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ken BarnettCEOPT$0--
R L RandallVice PresidentPT$0--
Rita RussoTreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
The Studio of Hope Corporation
EIN
81-2586229
Phone
5055102025
Address
1414 N Santa Fe Av 6J, Pueblo, CO 81003

Signing Officer

Name
Ken Barnett
Title
CEO
Phone
5055102925
Signed
2023-05-12
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

Description;Amount^Living room and bedroom furniture for 5 homes;15500|Kitchen furnishings and appliances for 5 homes;5800|Staple Food and pantry items for 10 homes monthly;12000|Refrigerated and frozen foods for 10 homes;12000|Work clothing for 26 people;2400^Total;47700^

Form 990-EZ, Part I, Line 20

Description;Amount^deposits paid to landlords and utiliy companies;12500^Total;12500^

Form 990-EZ, Part II, Line 24

Description;EOY Amount^Outreach Vehicle appraised in 2021;20000^Total;20000^

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ReturnHeader/TaxPeriodEndDt02022-12-31
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