Civic Intelligence

Studio 3 Nc Inc.

990EZ • Fiscal year 2022 • EIN 81-3521630

Jan 01, 2022 to Dec 31, 2022 • Filed on May 03, 2023

PO Box 383Taylorsville, NC 28681

(828) 352-3526

Siviq Scores

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

Liabilities / Assets

50th percentile

0.00x

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

2022 filings • NTEE A • <$500k nonprofits • Source year 2022

Liabilities / Revenue

50th percentile

0.00x

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

2022 filings • NTEE A • <$500k nonprofits • Source year 2022

Net Margin

74th percentile

25%

Higher net margin than 74% of similar nonprofits.

2022 filings • NTEE A • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$7,070

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

2022 filings • NTEE A • <$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

Up

$60,249

Up $38,512 (+177%) from 2018

Net Assets

$60,249

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$67,862

Up $41,446 (+157%) from 2018

Expenses

Up

$50,956

Up $44,761 (+723%) from 2018

Net Income

Down

$16,906

Down $3,315 (-16%) from 2018

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2018: $21,737Liabilities 2018: $02018Assets 2022: $60,249Liabilities 2022: $0Net Assets 2022: $60,2492022Assets 2023: $63,885Liabilities 2023: $0Net Assets 2023: $63,8852023Assets 2024: $51,815Net Assets 2024: $51,8152024

Highlighted filing

2022

Assets$60,249
Liabilities$0
Net Assets$60,249

Operations Trend

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

$100K$50K$0-$50KRevenue 2018: $26,416Expenses 2018: $6,195Net Income 2018: $20,2212018Revenue 2022: $67,862Expenses 2022: $50,956Net Income 2022: $16,9062022Revenue 2023: $79,800Expenses 2023: $76,164Net Income 2023: $3,6362023Revenue 2024: $48,524Expenses 2024: $60,594Net Income 2024: -$12,0702024

Highlighted filing

2022

Revenue$67,862
Expenses$50,956
Net Income$16,906
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 3, 2023
Return Version
2022v5.0
Gross Receipts
$80,707
Mission and Program Overview

Mission

Music education - to provide a music education to children and musical educational programs and events free to the public

To provide a music education to children and musical educational programs and events free to the public.

Program Services

DescriptionGrantsExpenses
MUSIC EDUCATION - TO PROVIDE A MUSIC EDUCATION TO CHILDREN AND MUSICAL EDUCATIONAL PROGRAMS AND EVENTS FREE TO THE PUBLIC.$0$11,996
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KATHY ESTESBoard Vice Chairman-$7,070-$7,070
LINDA HAGANBoard Chairman-$4,300-$4,300
GINA HONOSKYSecretary/Treasurer-$0--
JEFFERY ROCKSBoard Member-$0--
JEAN BENNETTBoard Member-$0--
PHILL BENNETTBoard Member-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Chorale$41,801$41,801$8,176$33,625
Christmas Concert$8,786$8,786$3,794$4,992
Total Events$51,403$51,403$12,845$38,558
Filing and Contact Details

Filer

Filer Name
Studio 3 Nc Inc
EIN
81-3521630
Phone
8283523526
Address
PO BOX 383, TAYLORSVILLE, NC 28681

Signing Officer

Name
Linda Hagen
Title
Board Chairman
Phone
8283523526
Signed
2023-05-03
Discuss with paid preparer
Yes

Preparer

Firm
Martin Starnes & Associates Cpas Pa
Address
730 13TH AVENUE DR SE, HICKORY, NC 28602-5196
Preparer
John B Whitley Ii Cpacfp
Phone
8283272727
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 14

Description: depreciation. Amount: 2,086. Description: other expenses. Amount: 13,991. Total to form 990-ez, line 14: 16,077.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: music expenses. Amount: 6,466. Description: misc. Expense. Amount: 1,750. Description: tax and licenses. Amount: 50. Description: secretarial services. Amount: 1,950. Description: office supplies. Amount: 2,306. Description: insurance. Amount: 2,293. Description: donations. Amount: 250. Total to form 990-ez, line 16: 15,065.

Form 990-ez, Part II, Line 24 - Other Assets

Description: other receivable. Beg. Of year amount: 0. End of year amount: 1,597. Description: other depreciable assets. Beg. Of year amount: 0. End of year amount: 27,114.

Raw XML Appendix186 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/TitleTxt0BOARD CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1BOARD VICE CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY/TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
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IRS990EZ/OtherChangesInNetAssetsAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: DEPRECIATION. AMOUNT: 2,086. DESCRIPTION: OTHER EXPENSES. AMOUNT: 13,991. TOTAL TO FORM 990-EZ, LINE 14: 16,077.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: MUSIC EXPENSES. AMOUNT: 6,466. DESCRIPTION: MISC. EXPENSE. AMOUNT: 1,750. DESCRIPTION: TAX AND LICENSES. AMOUNT: 50. DESCRIPTION: SECRETARIAL SERVICES. AMOUNT: 1,950. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 2,306. DESCRIPTION: INSURANCE. AMOUNT: 2,293. DESCRIPTION: DONATIONS. AMOUNT: 250. TOTAL TO FORM 990-EZ, LINE 16: 15,065.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: OTHER RECEIVABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,597. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 27,114.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum08283523526
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-03
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ReturnHeader/Filer/PhoneNum08283523526
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARTIN STARNES & ASSOCIATES CPAS PA
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ReturnHeader/PreparerPersonGrp/PhoneNum08283272727
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-03
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ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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