Civic Intelligence

Source Studio Inc.

EIN 82-2238179 • 501(c)3 • Burnsville, NC

Pub. 78 Eligible990-N CoverageNTEE P11

Profile

Source studio is a studio with a mission in the name: sustained operations utilizing resources for culture, communities, and the environment. Founded by macarthur fellow and mel chin, s.o.u.r.c.e is an artist-centered and action-oriented studio focused on artistic approaches that connect people while addressing human challenges in bold, beautiful and poetic ways.

PO Box 505Burnsville, NC 28714

www.sourcestudio.org

Siviq Scores

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

Liabilities / Assets

68th percentile

0.01x

Higher debt load relative to assets than 68% of similar nonprofits.

NTEE P • <$500k nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

0.01x

Higher debt load relative to revenue than 72% of similar nonprofits.

NTEE P • <$500k nonprofits • Source year 2024

Net Margin

73rd percentile

29%

Higher net margin than 73% of similar nonprofits.

NTEE P • <$500k nonprofits • Source year 2024

Top Officer Pay

98th percentile

$80,672

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 25.7% of source-year revenue.

NTEE P • <$500k nonprofits • Source year 2024

Asset Growth

73rd percentile

30%

Faster asset growth than 73% of similar nonprofits.

NTEE P • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

96th percentile

405%

Faster revenue growth than 96% of similar nonprofits.

NTEE P • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$391,245

Up $91,303 (+30%) from 2023

Liabilities

Down

$4,377

Down $187 (-4.1%) from 2023

Net Assets

Up

$386,868

Up $91,490 (+31%) from 2023

Operations
Liabilities / Revenue72nd percentileNet Margin73rd percentile

Revenue

Up

$313,729

Up $251,621 (+405%) from 2023

Expenses

Up

$222,239

Up $38,819 (+21%) from 2023

Net Income

Up

$91,490

Up $212,802 (+175%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth73rd percentile

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

$600K$400K$200K$0Assets 2018: $58,884Liabilities 2018: $6,077Net Assets 2018: $52,8072018Assets 2019: $231,031Liabilities 2019: $1,468Net Assets 2019: $229,5632019Assets 2020: $300,591Liabilities 2020: $4,507Net Assets 2020: $296,0842020Assets 2021: $234,389Liabilities 2021: $22,438Net Assets 2021: $211,9512021Assets 2022: $424,580Liabilities 2022: $7,890Net Assets 2022: $416,6902022Assets 2023: $299,942Liabilities 2023: $4,564Net Assets 2023: $295,3782023Assets 2024: $391,245Liabilities 2024: $4,377Net Assets 2024: $386,8682024

Highlighted filing

2024

Assets$391,245
Liabilities$4,377
Net Assets$386,868
Open 2024 Filing

Operations Trend

Revenue Growth96th percentile

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

$600K$400K$200K$0-$200KRevenue 2018: $157,219Expenses 2018: $104,550Net Income 2018: $52,6692018Revenue 2019: $308,226Expenses 2019: $131,470Net Income 2019: $176,7562019Revenue 2020: $172,730Expenses 2020: $106,209Net Income 2020: $66,5212020Revenue 2021: $77,775Expenses 2021: $161,908Net Income 2021: -$84,1332021Revenue 2022: $404,242Expenses 2022: $199,503Net Income 2022: $204,7392022Revenue 2023: $62,108Expenses 2023: $183,420Net Income 2023: -$121,3122023Revenue 2024: $313,729Expenses 2024: $222,239Net Income 2024: $91,4902024

Highlighted filing

2024

Revenue$313,729
Expenses$222,239
Net Income$91,490
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$391,245
Liabilities
$4,377
Net assets
$386,868
Revenue
$313,729
Expenses
$222,239
Net income
$91,490
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.91$0.04$3.87$3.14$2.22$0.91
2023Detailed filing. Detailed filing data is available for this year.$3.00$0.05$2.95$0.62$1.83$1.21
2022Detailed filing. Detailed filing data is available for this year.$4.25$0.08$4.17$4.04$2.00$2.05
2021Detailed filing. Detailed filing data is available for this year.$2.34$0.22$2.12$0.78$1.62$0.84
2020Detailed filing. Detailed filing data is available for this year.$3.01$0.05$2.96$1.73$1.06$0.67
2019Detailed filing. Detailed filing data is available for this year.$2.31$0.01$2.30$3.08$1.31$1.77
2018Detailed filing. Detailed filing data is available for this year.$0.59$0.06$0.53$1.57$1.05$0.53
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 16, 2025
Return Version
2024v5.2
Gross Receipts
$313,729
Mission and Program Overview

Mission

Source studio is a studio with a mission in the name: sustained operations utilizing resources for culture, communities, and the environment. Founded by macarthur fellow and artist mel chin, s.o.u.r.c.e is an artist-centered and action-oriented studio focused on artistic approaches that connect people while addressing human challenges in bold, beautiful and poetic ways.

S.O.U.R.C.E is an artist-centered and action-oriented studio focused on artistic approaches that connect people while addressing human challenges in bold, beautiful and poetic ways.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$269,414$316,245▲ $46,831
Accounts Receivable$30,000$75,000▲ $45,000
Total Assets$299,942$391,245▲ $91,303
Other Assets Total$528--
Liabilities
Accounts Payable and Accrued Expenses$4,564$4,377▼ $187
Total Liabilities$4,564$4,377▼ $187
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$295,378$386,868▲ $91,490
Total Net Assets Fund Balance$295,378$386,868▲ $91,490
Total Liabilities and Net Assets / Fund Balance$299,942$391,245▲ $91,303
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amanda WilesExecutive DirectorFT$79,000$1,672$80,672

Board Members and Trustees

NameTitle
Christina JenkinsChair
Pat WilliamsMember
Sinead LopezMember
Tabitha WilliamsMember
Lee RunningSecretary
Alana PierceTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$313,729
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$313,729
Change in Net Assets
$91,490
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$119,979
Other Expenses$61,510
Grants and Similar Amounts Paid$40,750
Total Fundraising Expense$4,342
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$52,437$24,201$4,034$80,672
Grants to Domestic Individuals$37,750--$37,750
Other Salaries and Wages$21,615$7,994$0$29,609
Travel$20,903$2,891$0$23,794
Fees for Services Other$11,796$424$0$12,220
Payroll Taxes$6,788$2,716$194$9,698
Fees for Services Accounting$0$4,551$0$4,551
Grants to Domestic Orgs$3,000--$3,000
Fees for Services Legal$0$2,501$0$2,501
Insurance$1,087$1,016$13$2,116
Other Expenses$1,287$322$0$1,609
Conferences and Meetings$778$778$0$1,556
Information Technology$112$732$94$938
Office Expenses$273$544$7$824
Total Functional Expenses$169,227$48,670$4,342$222,239
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
SOURCE Studio Inc
EIN
82-2238179
Phone
8653100532
Address
PO Box 505, Burnsville, NC 28714

Signing Officer

Name
Amanda Wiles
Title
Executive Director
Phone
8653100532
Signed
2025-10-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amanda Wiles
Formed
2017
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
3
Volunteers
25

Preparer

Firm
Corliss & Solomon Pllc
Address
242 CHARLOTTE ST SUITE 1, ASHEVILLE, NC 28801
Preparer
Todd Oldenburg
Phone
8282360206
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The 990 is prepared by a CPA firm, reviewed by management, presented to the board for review, proposed revisions and final approval.”

Pt VI, Line 15A

“In the annual budgeting process, the board approves a budget line for aggregrate salary expense. Thereafter, individual salaries and salary increases for employees are determined by the executive director. The board of directors sets the executive directors salary after a check of comparable salary information for similar organizations with similar budgets.”

Raw XML Appendix387 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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IRS990/ProgSrvcAccomActy3Grp/Desc0Our Artist Convenings build connection, camaraderie, and opportunities for sharing methodologies between artists and diverse, multidisciplinary thinkers
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IRS990ScheduleA/PublicSupportTotal509Amt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt071518
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0172730
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt12500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Awards and Grants
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1Honorariums
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt015
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt13
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is prepared by a CPA firm, reviewed by management, presented to the board for review, proposed revisions and final approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1In the annual budgeting process, the board approves a budget line for aggregrate salary expense. Thereafter, individual salaries and salary increases for employees are determined by the executive director. The board of directors sets the executive directors salary after a check of comparable salary information for similar organizations with similar budgets.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt048670
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0169227
IRS990/TotalFunctionalExpensesGrp/TotalAmt0222239
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt04377
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IRS990/USAddress/AddressLine1Txt0PO Box 505
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IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028714
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.sourcestudio.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Amanda Wiles
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum08653100532
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOURCE Studio Inc
ReturnHeader/Filer/BusinessNameControlTxt0SOUR
ReturnHeader/Filer/EIN0822238179
ReturnHeader/Filer/PhoneNum08653100532
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 505
ReturnHeader/Filer/USAddress/CityNm0Burnsville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028714
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202571677
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CORLISS & SOLOMON PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0242 CHARLOTTE ST SUITE 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ASHEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028801
ReturnHeader/PreparerPersonGrp/PhoneNum08282360206
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Todd Oldenburg
ReturnHeader/ReturnTs02025-11-12T05:16:55-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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