Civic Intelligence

Source Studio Inc.

990EZ • Fiscal year 2018 • EIN 82-2238179

Jan 01, 2018 to Dec 31, 2018 • Filed on May 15, 2019

Organization Profilewww.source-studio.org/about
5878 US Hwy 19Burnsville, NC 28714

(828) 682-9625

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.10x

Higher debt load relative to assets than 73% of similar nonprofits.

2018 filings • NTEE P • <$500k nonprofits • Source year 2018

Liabilities / Revenue

71st percentile

0.04x

Higher debt load relative to revenue than 71% of similar nonprofits.

2018 filings • NTEE P • <$500k nonprofits • Source year 2018

Net Margin

84th percentile

34%

Higher net margin than 84% of similar nonprofits.

2018 filings • NTEE P • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • NTEE P • <$500k nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

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

Source year 2018

Revenue Growth

Score unavailable

No value available

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

Source year 2018

Balance Sheet
Liabilities / Assets73rd percentile

Assets

$58,884

No earlier filing loaded for comparison.

Net Assets

$52,807

No earlier filing loaded for comparison.

Liabilities

$6,077

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin84th percentile

Revenue

$157,219

No earlier filing loaded for comparison.

Expenses

$104,550

No earlier filing loaded for comparison.

Net Income

$52,669

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2018

Assets$58,884
Liabilities$6,077
Net Assets$52,807
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$157,219
Expenses$104,550
Net Income$52,669
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 15, 2019
Return Version
2018v3.1
Gross Receipts
$157,219
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.

SOURCE Studios: Sustained Operations Utilizing Resources for Culture, Communities, and the Environment.

Program Services

DescriptionGrantsExpenses
Fundred Project Strategic Planning and General Program Implementation: SOURCE Studio served as fiscal sponsor and partner in the Fundred Project, a national artist-led initiative to educate and engage youth and communities about the ongoing crisis of lead poisoning. More than 460,000 people have participated, many of them K-12 students. In 2018, supported ongoing participation, nationally, including strategic planning for programming and evaluation for 2019.$35,342-
Fundred Reserve Open Lab: In 2018, Fundred Project opened a community based space in Washington DC that hosted 2 exhibitions and 12 workshops/events in 2018, serving over 200 individuals.$28,004-
Fundreds All Over New York: In partnership with Queens Museum and the Fundred Project (above), SOURCE activated community engagement for lead poisoning prevention in New York City through an exhibition, educational programs and citywide outreach. An exhibition was visited by thousands of individuals, the exhibit and programs shared information about lead; approximately 600 visitors participated in the Fundreds drawing project during 22 public events.$17,337-
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Helen NaggeTreasurer-$0--
Pat CliffordSecretary-$0--
Jess GarzPresident-$0--
Filing and Contact Details

Filer

Filer Name
SOURCE Studio
EIN
82-2238179
Address
5878 US HWY 19, BURNSVILLE, NC 28714

Signing Officer

Name
Helen Nagge
Title
Treasurer
Signed
2019-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Power in Numbers Bookkeeping LLC
Address
4 Redfern St, Asheville, NC 28806
Preparer
Rebecca Brown
Phone
8285457223
Supplemental Narrative

Additional Explanations

Other Expenses.1005

“Travel $18480”

Other Expenses.1012

“Insurance $640”

Other Expenses.1

“Event Expenses $8093”

Other Expenses.2

“Program Supplies $2712”

Other Expenses.4

“Exhibition Labor $2248”

Other Expenses.5

“Storage $1738”

Other Expenses.7

“Communications $232”

Other Expenses.8

“Food & Meals $128”

Other Expenses.9

“Bank Charges $2”

Other Assets.1005

“Accounts Receivable - Beginning $0 Accounts Receivable - Ending $16643”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $0 Accounts Payable and Accrued Expenses - Ending $6077”

Raw XML Appendix149 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/OrganizationHadUBIInd0false
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IRS990EZ/OtherExpensesTotalAmt034273
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IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/PrintingPublicationsPostageAmt02684
IRS990EZ/ProgramServiceRevenueAmt0108119
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Fundred Project Strategic Planning and General Program Implementation: SOURCE Studio served as fiscal sponsor and partner in the Fundred Project, a national artist-led initiative to educate and engage youth and communities about the ongoing crisis of lead poisoning. More than 460,000 people have participated, many of them K-12 students. In 2018, supported ongoing participation, nationally, including strategic planning for programming and evaluation for 2019.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Fundred Reserve Open Lab: In 2018, Fundred Project opened a community based space in Washington DC that hosted 2 exhibitions and 12 workshops/events in 2018, serving over 200 individuals.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Fundreds All Over New York: In partnership with Queens Museum and the Fundred Project (above), SOURCE activated community engagement for lead poisoning prevention in New York City through an exhibition, educational programs and citywide outreach. An exhibition was visited by thousands of individuals, the exhibit and programs shared information about lead; approximately 600 visitors participated in the Fundreds drawing project during 22 public events.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt035342
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt128004
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt217337
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0https://www.source-studio.org/about
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt049100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01000
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt050100
IRS990ScheduleA/TotalSupportAmt050100
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Travel $18480
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance $640
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Event Expenses $8093
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Program Supplies $2712
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Exhibition Labor $2248
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Storage $1738
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Communications $232
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Food & Meals $128
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Bank Charges $2
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Accounts Receivable - Beginning $0 Accounts Receivable - Ending $16643
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Accounts Payable and Accrued Expenses - Beginning $0 Accounts Payable and Accrued Expenses - Ending $6077
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1005
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Assets.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Total Liabilities.1001
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Helen Nagge
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOURCE Studio
ReturnHeader/Filer/BusinessNameControlTxt0SOUR
ReturnHeader/Filer/EIN0822238179
ReturnHeader/Filer/USAddress/AddressLine1Txt05878 US HWY 19
ReturnHeader/Filer/USAddress/CityNm0BURNSVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028806
ReturnHeader/PreparerPersonGrp/PhoneNum08285457223
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Rebecca Brown
ReturnHeader/ReturnTs02019-05-15T08:07:49-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$58,884
Liabilities
$6,077
Net assets
$52,807
Revenue
$157,219
Expenses
$104,550
Net income
$52,669
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