Civic Intelligence

The Studio Acting Conservatory Inc

990 • Fiscal year 2019 • EIN 83-2635517

Sep 01, 2018 to Aug 31, 2019 • Filed on Jan 30, 2020

Organization ProfileSTUDIOACTING CONSERVATORY.ORG
2031 10th Street NWWashington, DC 20005

(202) 232-0714

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.30x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

77th percentile

0.41x

Higher debt load relative to revenue than 77% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

99th percentile

97%

Higher net margin than 99% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

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

Source year 2019

Revenue Growth

Score unavailable

No value available

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

Source year 2019

Balance Sheet
Liabilities / Assets72nd percentile

Assets

$3,515,127

No earlier filing loaded for comparison.

Net Assets

$2,464,689

No earlier filing loaded for comparison.

Liabilities

$1,050,438

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin99th percentile

Revenue

$2,538,510

No earlier filing loaded for comparison.

Expenses

$73,821

No earlier filing loaded for comparison.

Net Income

$2,464,689

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.

$6.0M$4.0M$2.0M$0Assets 2019: $3,515,127Liabilities 2019: $1,050,438Net Assets 2019: $2,464,6892019Assets 2020: $4,164,176Liabilities 2020: $1,033,761Net Assets 2020: $3,130,4152020Assets 2021: $4,408,972Liabilities 2021: $516,628Net Assets 2021: $3,892,3442021Assets 2022: $4,051,078Liabilities 2022: $28,782Net Assets 2022: $4,022,2962022Assets 2023: $4,161,755Liabilities 2023: $107,358Net Assets 2023: $4,054,3972023Assets 2024: $4,237,051Liabilities 2024: $44,638Net Assets 2024: $4,192,4132024

Highlighted filing

2019

Assets$3,515,127
Liabilities$1,050,438
Net Assets$2,464,689
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0Revenue 2019: $2,538,510Expenses 2019: $73,821Net Income 2019: $2,464,6892019Revenue 2020: $1,079,546Expenses 2020: $413,820Net Income 2020: $665,7262020Revenue 2021: $1,209,818Expenses 2021: $447,889Net Income 2021: $761,9292021Revenue 2022: $638,251Expenses 2022: $508,299Net Income 2022: $129,9522022Revenue 2023: $570,307Expenses 2023: $532,746Net Income 2023: $37,5612023Revenue 2024: $730,340Expenses 2024: $593,265Net Income 2024: $137,0752024

Highlighted filing

2019

Revenue$2,538,510
Expenses$73,821
Net Income$2,464,689
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2018 to Aug 31, 2019
Signed
Jan 30, 2020
Return Version
2018v3.1
Gross Receipts
$4,038,510
Mission and Program Overview

Mission

The studio acting conservatory, inc. Is a non-profit organization that was incorporated on november 15, 2018, in the district of columbia, following its separation from studio theatre. For 50 years, the conservatory has taught acting and directing to adults and young people. Through its quality, rigorous, and time-honored curriculum, the conservatory offers best-in-class training for the modern actor and director. The conservatory is committed to being an anti-racist organization and a safe space for all.

SEE NOTE

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$801,975-
Pledges and Grants Receivable-$336,500-
Land, Buildings, and Equipment, Net$0$4,401▲ $4,401
Total Assets$0$3,515,127▲ $3,515,127
Other Assets Total$0$2,372,251▲ $2,372,251
Liabilities
Mortgage Notes Payable Secured by Investment Property-$997,811-
Deferred Revenue-$43,530-
Accounts Payable and Accrued Expenses-$9,097-
Total Liabilities$0$1,050,438▲ $1,050,438
Net Assets / Fund Balance
Unrestricted Net Assets-$2,170,618-
Temporarily Rstr Net Assets-$294,071-
Total Net Assets Fund Balance$0$2,464,689▲ $2,464,689
Total Liabilities and Net Assets / Fund Balance$0$3,515,127▲ $3,515,127

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,901-$2,901
Other Land Buildings$1,500-$1,500
Other Assets Org$82,546--
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Jonathan PittBoard Chair
Joy ZinomanPresident
Meredith GaragiolaBoard Vice Chair
Kate DebelackSecretary
Serge SeidenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,542,522
Program Service Revenue
$0
Investment Income
$-4,012
Other Revenue
$0
All Other Contributions
$2,542,522
Change in Net Assets
$2,464,689

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,547,186
Revenue Not Reported on Financial Statements
$-8,676
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,547,186
Total Revenue per Form 990
$2,538,510
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$63,948
Salaries, Compensation, and Employee Benefits$9,873
Total Fundraising Expense$259
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$10,381$1,483-$11,864
Occupancy$9,300$1,078-$10,378
Other Salaries and Wages$6,445$1,055-$7,500
Office Expenses$6,816$37$249$7,102
Interest$2,834$1,902-$4,736
Insurance$3,267$467-$3,734
Fees for Services Other$2,402$343-$2,745
Information Technology$2,592$115-$2,707
Other Employee Benefits$1,422$93-$1,515
Fees for Services Accounting$1,099$158-$1,257
Other Expenses$691$268-$959
All Other Expenses$860$44$10$914
Payroll Taxes$750$108-$858
Advertising$58--$58
Total Functional Expenses$64,235$9,327$259$73,821

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$82,497
Expenses per Audited Statements$73,821
Total Expenses per Form 990$73,821
Expenses Not Reported on Form 990$8,676
Expenses Not Reported on Financial Statements$0
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
Audit committee
No
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The return was prepared by an outside accountant. Management presented to the finance commitee copy of the return for review and to respond to any questions before filing. Final copy of the return is distributed to the full board. The return is filed electronically.”

Form 990, Part VI, Section C, Line 19

“The organization makes available its governing documents available to the public upon written requests.”

Filing and Contact Details

Filer

Filer Name
The Studio Acting Conservatory Inc
EIN
83-2635517
Phone
2022320714
Address
2031 10TH STREET NW, WASHINGTON, DC 20005

Signing Officer

Name
Joy Zinoman
Title
President
Phone
2022320714
Signed
2020-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joy Zinoman
Formed
2018
Legal Domicile
Dc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Salti & Associates LLC
Address
1310 L STREET NW, WASHINGTON, DC 20005
Preparer
Nadim Salti
Phone
2027283312
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The financial accounting standard board (fasb) released fasb asc 740-10, income taxes, that provide guidance for reporting uncertainty in income taxes. For the year ended august 31, 2019, sac has documented its consideration of fasb asc 740-10 and determined that no material uncertain tax provisions qualify for either recognition or disclosure in the financial statements.”

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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/Desc0STUDIO ACTING CONSERVATORY IS THE PREMIER TRAINING INSTITUTION FOR ACTORS AND DIRECTORS IN WASHINGTON D.C. FOR OVER 40 YEARS, 10,000 ALUMNI HAVE GONE ON TO IMPORTANT THEATRE AND FILM CAREERS. THE CONSERVATORY IS LED BY A 20-MEMBER FACULTY OF COMMITTED PROFESSIONALS WHO TEACH 500 STUDENTS- OF EVERY AGE AND BACKGROUND-EACH YEAR. THE CONSERVATORY ALSO SERVES DISADVANTAGED DC COMMUNITIES THROUGH A SCHOLARSHIP PROGRAM THAT PROVIDES A THEATER CURRICULUM FOR TALENTED YOUNG PEOPLE. HALF OF THESE STUDENTS ARE ON A FULL SCHOLARSHIP.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN WAS PREPARED BY AN OUTSIDE ACCOUNTANT. MANAGEMENT PRESENTED TO THE FINANCE COMMITEE COPY OF THE RETURN FOR REVIEW AND TO RESPOND TO ANY QUESTIONS BEFORE FILING. FINAL COPY OF THE RETURN IS DISTRIBUTED TO THE FULL BOARD. THE RETURN IS FILED ELECTRONICALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES AVAILABLE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUESTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-01-30
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ReturnHeader/FilingSecurityInformation/IPTm016:20:12
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SALTI & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01310 L STREET NW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WASHINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0DC
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ReturnHeader/PreparerPersonGrp/PreparationDt02020-01-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NADIM SALTI
ReturnHeader/ReturnTs02020-01-30T15:01:08-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-09-01
ReturnHeader/TaxPeriodEndDt02019-08-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,515,127
Liabilities
$1,050,438
Net assets
$2,464,689
Revenue
$2,538,510
Expenses
$73,821
Net income
$2,464,689
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.24$0.04$4.19$0.73$0.59$0.14
2023Detailed filing. Detailed filing data is available for this year.$4.16$0.11$4.05$0.57$0.53$0.04
2022Detailed filing. Detailed filing data is available for this year.$4.05$0.03$4.02$0.64$0.51$0.13
2021Detailed filing. Detailed filing data is available for this year.$4.41$0.52$3.89$1.21$0.45$0.76
2020Detailed filing. Detailed filing data is available for this year.$4.16$1.03$3.13$1.08$0.41$0.67
2019Detailed filing. Detailed filing data is available for this year.$3.52$1.05$2.46$2.54$0.07$2.46