Civic Intelligence

The Studio Acting Conservatory Inc

990 • Fiscal year 2020 • EIN 83-2635517

Sep 01, 2019 to Aug 31, 2020 • Filed on Jan 29, 2021

3423 Holmead PlaceWashington, DC 20010

(202) 232-0714

Siviq Scores

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

Liabilities / Assets

67th percentile

0.25x

Higher debt load relative to assets than 67% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

85th percentile

0.96x

Higher debt load relative to revenue than 85% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

93rd percentile

62%

Higher net margin than 93% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

40th percentile

$18,750

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

70th percentile

18%

Faster asset growth than 70% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

6th percentile

-57%

Faster revenue growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$4,164,176

Up $649,049 (+18%) from 2019

Net Assets

Up

$3,130,415

Up $665,726 (+27%) from 2019

Liabilities

Down

$1,033,761

Down $16,677 (-1.6%) from 2019

Revenue

Down

$1,079,546

Down $1,458,964 (-57%) from 2019

Expenses

Up

$413,820

Up $339,999 (+461%) from 2019

Net Income

Down

$665,726

Down $1,798,963 (-73%) from 2019

Historical Trend

Balance Sheet Trend

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

2020

Assets$4,164,176
Liabilities$1,033,761
Net Assets$3,130,415

Operations Trend

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

2020

Revenue$1,079,546
Expenses$413,820
Net Income$665,726
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Jan 29, 2021
Return Version
2019v5.1
Gross Receipts
$1,079,546
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
Land, Buildings, and Equipment, Net$4,401$2,798,892▲ $2,794,491
Savings and Temporary Cash Investments$582,646$1,099,445▲ $516,799
Cash and Non-Interest-Bearing Accounts$219,329$130,940▼ $88,389
Pledges and Grants Receivable$336,500$51,500▼ $285,000
Total Assets$3,515,127$4,164,176▲ $649,049
Other Assets Total$2,372,251$83,399▼ $2,288,852
Liabilities
Mortgage Notes Payable Secured by Investment Property$997,811$968,817▼ $28,994
Grants Payable-$28,500-
Deferred Revenue$43,530$28,226▼ $15,304
Accounts Payable and Accrued Expenses$9,097$8,218▼ $879
Total Liabilities$1,050,438$1,033,761▼ $16,677
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,170,618$2,552,925▲ $382,307
Net Assets With Donor Restrictions$294,071$577,490▲ $283,419
Total Net Assets Fund Balance$2,464,689$3,130,415▲ $665,726
Total Liabilities and Net Assets / Fund Balance$3,515,127$4,164,176▲ $649,049

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,273,522-$2,273,522
Land$514,350-$514,350
Equipment$7,056$580$7,636
Other Land Buildings$3,964$333$4,297
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joe GrafGeneral Manager & RegistrarFT$18,750-$18,750
Joy ZinomanPresidentPT$6,797$9,416$16,213

Board Members and Trustees

NameTitle
Jonathan PittBoard Chair
Meredith GaragiolaBoard Vice Chair
Jamie CrowneBoard Member
Jill FieldsBoard Member
Keith HansenBoard Member
Marvin BowserBoard Member
Kate DebelackSecretary
Serge SeidenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$862,226
Program Service Revenue
$209,715
Investment Income
$7,605
Other Revenue
$0
All Other Contributions
$859,726
Change in Net Assets
$665,726

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,079,546
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,079,546
Total Revenue per Form 990
$1,079,546
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$280,544
Salaries, Compensation, and Employee Benefits$133,276
Total Fundraising Expense$15,432
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$104,279--$104,279
Current Officers, Directors, Trustees, and Key Employees$50,820$13,500$4,500$68,820
Interest$36,897$13,666$4,100$54,663
Other Salaries and Wages$34,750$9,000$2,250$46,000
Occupancy$22,305$1,620$493$24,418
Advertising$19,452$15-$19,467
Fees for Services Accounting$7,039$2,231$739$10,009
Payroll Taxes$7,142$1,765$530$9,437
Other Employee Benefits$6,448$1,855$716$9,019
Information Technology$5,903$1,836$365$8,104
Insurance$4,078$1,113$334$5,525
Office Expenses$395$3,157$44$3,596
Depreciation Depletion$684$183$46$913
Other Expenses$27$438$3$468
Total Functional Expenses$344,284$54,104$15,432$413,820

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$413,820
Total Expenses per Audited Statements$413,820
Total Expenses per Form 990$413,820
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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 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
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
3423 HOLMEAD PLACE, WASHINGTON, DC 20010

Signing Officer

Name
Joy Zinoman
Title
President
Phone
2022320714
Signed
2021-01-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joy Zinoman
Formed
2018
Legal Domicile
Dc
Voting Board Members
9
Independent Board Members
9
Employees
3
Volunteers
0

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

Teachers: program service expenses 104,279. Management and general expenses 0. Fundraising expenses 0. Total expenses 104,279.

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, 2020, 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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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 THEATER 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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IRS990/MissionDesc0THE STUDIO ACTING CONSERVATORY, INC. (SAC) IS NON-PROFIT ORGANIZATION, INCORPORATED ON NOVEMBER 15, 2018, IN THE DISTRICT OF COLUMBIA. THE PURPOSE OF THE ORGANIZATION IS TO UNITE A DIVERSE COMMUNITY OF LIKE-MINDED INDIVIDUALS TO UNLEASH THEIR FULL CREATIVE POTENTIAL THROUGH QUALITY, RIGOROUS, AND TIME-HONORED TRAINING. THE CONSERVATORY ALSO SERVES AS A BRIDGE TO THE BROADER WORLD OF THEATER TO MAINTAIN CURRENT AND CONTINUED BEST-IN-CLASS TRAINING FOR THE MODERN ACTOR.
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03270
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt138
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2417
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3438
IRS990/OtherExpensesGrp/ProgramServicesAmt039246
IRS990/OtherExpensesGrp/ProgramServicesAmt13383
IRS990/OtherExpensesGrp/ProgramServicesAmt21436
IRS990/OtherExpensesGrp/ProgramServicesAmt327
IRS990/OtherExpensesGrp/TotalAmt043606
IRS990/OtherExpensesGrp/TotalAmt13550
IRS990/OtherExpensesGrp/TotalAmt21946
IRS990/OtherExpensesGrp/TotalAmt3468
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02250
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt09000
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt034750
IRS990/OtherSalariesAndWagesGrp/TotalAmt046000
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0530
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01765
IRS990/PayrollTaxesGrp/ProgramServicesAmt07142
IRS990/PayrollTaxesGrp/TotalAmt09437
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0336500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt051500
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JOY ZINOMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0209715
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0209715
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02542522
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-4012
IRS990/PYOtherExpensesAmt063948
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02464689
IRS990/PYSalariesCompEmpBnftPaidAmt09873
IRS990/PYTotalExpensesAmt073821
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02538510
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0665726
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0237941
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0582646
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01099445
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0814046
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02372522
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03186568
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt07605
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04644
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt012249
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0150821
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0698450
IRS990ScheduleA/SubstantialContributorsTotAmt02488118
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0814046
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02372522
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03186568
IRS990ScheduleA/TotalSupportAmt03198817
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt02273522
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02273522
IRS990ScheduleD/EquipmentGrp/BookValueAmt07056
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0580
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07636
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0413820
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0514350
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0514350
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03964
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0333
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04297
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01079546
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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, 2020, 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02798892
IRS990ScheduleD/TotalExpensesPerForm990Amt0413820
IRS990ScheduleD/TotalRevenuePerForm990Amt01079546
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01079546
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0413820
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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/ExplanationTxt2TEACHERS: PROGRAM SERVICE EXPENSES 104,279. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 104,279.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03515127
IRS990/TotalAssetsEOYAmt04164176
IRS990/TotalAssetsGrp/BOYAmt03515127
IRS990/TotalAssetsGrp/EOYAmt04164176
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0862226
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt015432
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt054104
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0344284
IRS990/TotalFunctionalExpensesGrp/TotalAmt0413820
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01050438
IRS990/TotalLiabilitiesEOYAmt01033761
IRS990/TotalLiabilitiesGrp/BOYAmt01050438
IRS990/TotalLiabilitiesGrp/EOYAmt01033761
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02464689
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03130415
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0344284
IRS990/TotalProgramServiceRevenueAmt0209715
IRS990/TotalReportableCompFromOrgAmt025547
IRS990/TotalRevenueGrp/ExclusionAmt07605
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0209715
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01079546
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00

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