Civic Intelligence

4 Elements Studio Inc.

990 • Fiscal year 2022 • EIN 83-4550059

Jan 01, 2022 to Dec 31, 2022 • Filed on Feb 25, 2023

Organization ProfileN/A
1607 Genesee StreetUtica, NY 13501

(315) 765-6923

Siviq Scores

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

Liabilities / Assets

59th percentile

0.01x

Higher debt load relative to assets than 59% of similar nonprofits.

2022 filings • NTEE A • <$500k nonprofits • Source year 2022

Liabilities / Revenue

55th percentile

0.00x

Higher debt load relative to revenue than 55% of similar nonprofits.

2022 filings • NTEE A • <$500k nonprofits • Source year 2022

Net Margin

52nd percentile

6.1%

Higher net margin than 52% of similar nonprofits.

2022 filings • NTEE A • <$500k nonprofits • Source year 2022

Top Officer Pay

97th percentile

$61,509

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 16.8% of source-year revenue.

2022 filings • NTEE A • <$500k nonprofits • Source year 2022

Asset Growth

61st percentile

8.5%

Faster asset growth than 61% of similar nonprofits.

2022 filings • NTEE A • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

45th percentile

9.0%

Faster revenue growth than 45% of similar nonprofits.

2022 filings • NTEE A • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$128,045

Up $10,050 (+8.5%) from 2021

Net Assets

Up

$126,735

Up $9,387 (+8.0%) from 2021

Liabilities

Up

$1,310

Up $663 (+102%) from 2021

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin52nd percentile

Revenue

Up

$365,533

Up $30,327 (+9.0%) from 2021

Expenses

Up

$343,220

Up $103,843 (+43%) from 2021

Net Income

Down

$22,313

Down $73,516 (-77%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$600K$400K$200K$0Assets 2020: $19,745Liabilities 2020: $207Net Assets 2020: $19,5382020Assets 2021: $117,995Liabilities 2021: $647Net Assets 2021: $117,3482021Assets 2022: $128,045Liabilities 2022: $1,310Net Assets 2022: $126,7352022Assets 2023: $118,985Liabilities 2023: $10,203Net Assets 2023: $108,7822023Assets 2024: $584,370Liabilities 2024: $375,488Net Assets 2024: $208,8822024

Highlighted filing

2022

Assets$128,045
Liabilities$1,310
Net Assets$126,735
Open 2022 Filing

Operations Trend

Revenue Growth45th percentile

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

$600K$400K$200K$0-$200KRevenue 2020: $152,005Expenses 2020: $155,617Net Income 2020: -$3,6122020Revenue 2021: $335,206Expenses 2021: $239,377Net Income 2021: $95,8292021Revenue 2022: $365,533Expenses 2022: $343,220Net Income 2022: $22,3132022Revenue 2023: $339,975Expenses 2023: $365,514Net Income 2023: -$25,5392023Revenue 2024: $483,049Expenses 2024: $382,949Net Income 2024: $100,1002024

Highlighted filing

2022

Revenue$365,533
Expenses$343,220
Net Income$22,313
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 25, 2023
Return Version
2022v5.0
Gross Receipts
$365,533
Mission and Program Overview

Mission

4 elements studio is a community arts center dedicated to engaging and educating the community through a range of artistic experiences and programming. We strive to provide opportunities and resources to artists, the community and individuals with a wide spectrum of disabilities by offering workshops, gallery space, exhibitions, work space and equipment to the public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$117,348$126,735▲ $9,387
Investments Other Securities$47,190$66,242▲ $19,052
Cash and Non-Interest-Bearing Accounts$68,462$36,345▼ $32,117
Land, Buildings, and Equipment, Net-$22,902-
Pledges and Grants Receivable$2,343$2,556▲ $213
Total Assets$117,995$128,045▲ $10,050
Liabilities
Accounts Payable and Accrued Expenses$647$1,310▲ $663
Total Liabilities$647$1,310▲ $663
Net Assets / Fund Balance
Total Net Assets Fund Balance$117,348$126,735▲ $9,387
Total Liabilities and Net Assets / Fund Balance$117,995$128,045▲ $10,050

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$18,218$157$18,375
Equipment$4,684$360$5,044
Other Securities$29,859--
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Vartan PoghosianDirectorFT$61,509$61,509
Holly FlitcroftAssistant DiPT$10,608$10,608

Board Members and Trustees

NameTitle
C Jerry VitielloPresident
Melinda Brockett KarasturySecretary
Pete BlanchfieldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$115,179
Program Service Revenue
$250,292
Investment Income
$62
Other Revenue
$0
All Other Contributions
$55,679
Change in Net Assets
$22,313

Audited Revenue Reconciliation

Revenue per Audited Statements
$365,533
Total Revenue per Audited Statements
$365,533
Total Revenue per Form 990
$365,533
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$211,332
Other Expenses$131,888
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$191,594--$191,594
Occupancy$38,622--$38,622
Payroll Taxes$19,720--$19,720
All Other Expenses$14,632--$14,632
Fees for Services Other$13,000--$13,000
Office Expenses$6,708--$6,708
Other Expenses$4,529--$4,529
Fees for Services Accounting$3,200--$3,200
Insurance$1,360--$1,360
Advertising$1,331--$1,331
Depreciation Depletion$517--$517
Other Employee Benefits$18--$18
Total Functional Expenses$343,220$0$0$343,220

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$343,220
Total Expenses per Audited Statements$343,220
Total Expenses per Form 990$343,220
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
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, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
4 Elements Studio Inc
EIN
83-4550059
Phone
3157656923
Address
1607 GENESEE STREET, UTICA, NY 13501

Signing Officer

Name
Vartan Poghosian
Title
Director
Phone
3157656923
Signed
2023-02-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vartan Poghosian
Formed
2019
Voting Board Members
4
Independent Board Members
4
Employees
12

Preparer

Firm
Vincent J Gilroy Jr CPA
Address
110 LOMOND COURT, UTICA, NY 13502
Preparer
Vincent J Gilroy Jr CPA
Phone
3157341004
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“4 elements studio is a community arts center dedicated to engaging and educating the community through a range of artistic experiences and programming. We strive to provide opportunities and resources to artists, the community and individuals with a wide spectrum of disabilities by offering workshops, gallery space, exhibitions, work space and equipment to the public.”

Form 990, Page 2, Part III, Line 4D

“4 elements studio is a community arts center dedicated to engaging and educating the community through a range of artistic experiences and programming. We strive to provide opportunities and resources to artists, the community and individuals with a wide spectrum of disabilities by offering workshops, gallery space, exhibitions, work space and equipment to the public.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt04 ELEMENTS STUDIO IS A COMMUNITY ARTS CENTER DEDICATED TO ENGAGING AND EDUCATING THE COMMUNITY THROUGH A RANGE OF ARTISTIC EXPERIENCES AND PROGRAMMING. WE STRIVE TO PROVIDE OPPORTUNITIES AND RESOURCES TO ARTISTS, THE COMMUNITY AND INDIVIDUALS WITH A WIDE SPECTRUM OF DISABILITIES BY OFFERING WORKSHOPS, GALLERY SPACE, EXHIBITIONS, WORK SPACE AND EQUIPMENT TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14 ELEMENTS STUDIO IS A COMMUNITY ARTS CENTER DEDICATED TO ENGAGING AND EDUCATING THE COMMUNITY THROUGH A RANGE OF ARTISTIC EXPERIENCES AND PROGRAMMING. WE STRIVE TO PROVIDE OPPORTUNITIES AND RESOURCES TO ARTISTS, THE COMMUNITY AND INDIVIDUALS WITH A WIDE SPECTRUM OF DISABILITIES BY OFFERING WORKSHOPS, GALLERY SPACE, EXHIBITIONS, WORK SPACE AND EQUIPMENT TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-02
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ReturnHeader/ReturnTs02023-05-11T16:03:41-04:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$128,045
Liabilities
$1,310
Net assets
$126,735
Revenue
$365,533
Expenses
$343,220
Net income
$22,313
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.84$3.75$2.09$4.83$3.83$1.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.19$0.10$1.09$3.40$3.66$0.26
2022Detailed filing. Detailed filing data is available for this year.$1.28$0.01$1.27$3.66$3.43$0.22
2021Detailed filing. Detailed filing data is available for this year.$1.18$0.01$1.17$3.35$2.39$0.96
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.20$0.00$0.20$1.52$1.56$0.04