Civic Intelligence

Studio 3 Nc Inc.

990EZ • Fiscal year 2023 • EIN 81-3521630

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 22, 2024

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

54th percentile

0.00x

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

2023 filings • NTEE A • <$500k nonprofits • Source year 2023

Liabilities / Revenue

54th percentile

0.00x

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

2023 filings • NTEE A • <$500k nonprofits • Source year 2023

Net Margin

50th percentile

4.6%

Higher net margin than 50% of similar nonprofits.

2023 filings • NTEE A • <$500k nonprofits • Source year 2023

Top Officer Pay

82nd percentile

$6,000

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

2023 filings • NTEE A • <$500k nonprofits • Source year 2023

Asset Growth

58th percentile

6.0%

Faster asset growth than 58% of similar nonprofits.

2023 filings • NTEE A • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

58th percentile

18%

Faster revenue growth than 58% of similar nonprofits.

2023 filings • NTEE A • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$63,885

Up $3,636 (+6.0%) from 2022

Net Assets

Up

$63,885

Up $3,636 (+6.0%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$79,800

Up $11,938 (+18%) from 2022

Expenses

Up

$76,164

Up $25,208 (+49%) from 2022

Net Income

Down

$3,636

Down $13,270 (-78%) from 2022

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

2023

Assets$63,885
Liabilities$0
Net Assets$63,885

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

2023

Revenue$79,800
Expenses$76,164
Net Income$3,636
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 22, 2024
Return Version
2023v5.0
Gross Receipts
$96,877
Mission and Program Overview

Mission

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

Program Services

DescriptionGrantsExpenses
TO PROVIDE MUSIC EDUCATION TO CHILDREN AND MUSICAL EDUCATIONAL PROGRAMS AND EVENTS FREE TO THE PUBLIC.-$39,013
TO PROVIDE MUSIC EDUCATION TO CHILDREN AND MUSICAL EDUCATIONAL PROGRAMS AND EVENTS FREE TO THE PUBLIC.-$34,601
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KATHY ESTESBoard Vice C-$6,000-$6,000
LINDA HAGENBoard ChairPT$4,800-$4,800
GINA HONOSKYSecretary/Tr-$0--
JEFFREY ROCKSBoard Member-$0--
JEAN BENNETTBoard Member-$0--
PHILL BENNETTBoard Member-$0--
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 Chair
Phone
8283523526
Signed
2024-08-22

Preparer

Firm
Hildebran Accounting
Address
PO BOX 1266, TAYLORSVILLE, NC 28681
Preparer
Michelle O Umbarger
Phone
8286324730
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 1,346 office 3,292 insurance 2,526 other expenses 8,338 non-investment depreciation 4,171 total 19,673

Form 990-ez, Part II, Line 24

Grand piano 23,892 22,295 less accumulated depreciation 1,593 6,257 risers 6,905 6,905 less accumulated depreciation 493 0 total 28,711 22,943

Form 990-ez, Part III

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

Form 990-ez, Part III, Line 31

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

Raw XML Appendix148 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
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IRS990EZ/BooksInCareOfDetail/PhoneNum08283523526
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 383
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0TAYLORSVILLE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0BOARD CHAIR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
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IRS990EZ/PrintingPublicationsPostageAmt0515
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SalariesOtherCompEmplBnftAmt037151
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.STUDIO3NC.COM
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0150557
IRS990ScheduleA/TotalSupportAmt0188180
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING AND PROMOTION 1,346 OFFICE 3,292 INSURANCE 2,526 OTHER EXPENSES 8,338 NON-INVESTMENT DEPRECIATION 4,171 TOTAL 19,673
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GRAND PIANO 23,892 22,295 LESS ACCUMULATED DEPRECIATION 1,593 6,257 RISERS 6,905 6,905 LESS ACCUMULATED DEPRECIATION 493 0 TOTAL 28,711 22,943
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MUSIC EDUCATION - TO PROVIDE A MUSIC EDUCATION TO CHILDREN AND MUSICAL EDUCATIONAL PROGRAMS AND EVENTS FREE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO PROVIDE MUSIC EDUCATION TO CHILDREN AND MUSICAL EDUCATIONAL PROGRAMS AND EVENTS FREE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02024-08-08 14:25:15Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum08283523526
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-22
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-08-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELLE O UMBARGER
ReturnHeader/ReturnTs02024-08-22T11:11:59-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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