Civic Intelligence

Open Studios Inc.

990 • Fiscal year 2020 • EIN 84-1305449

Jan 01, 2020 to Dec 31, 2020 • Filed on May 17, 2021

PO Box 45Boulder, CO 80306

(303) 444-1862

Siviq Scores

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

Liabilities / Assets

91st percentile

0.70x

Higher debt load relative to assets than 91% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

86th percentile

0.30x

Higher debt load relative to revenue than 86% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

68th percentile

18%

Higher net margin than 68% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

91st percentile

139%

Faster asset growth than 91% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

23rd percentile

-48%

Faster revenue growth than 23% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$63,344

Up $36,811 (+139%) from 2019

Net Assets

Up

$18,826

Up $18,776 (+37552%) from 2019

Liabilities

Up

$44,518

Up $18,035 (+68%) from 2019

Revenue

Down

$150,754

Down $137,616 (-48%) from 2019

Expenses

Down

$123,791

Down $219,395 (-64%) from 2019

Net Income

Up

$26,963

Up $81,779 (+149%) from 2019

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0-$50KAssets 2011: $62,414Liabilities 2011: $39,787Net Assets 2011: $22,6272011Assets 2012: $55,699Liabilities 2012: $40,155Net Assets 2012: $15,5442012Assets 2013: $43,391Liabilities 2013: $42,338Net Assets 2013: $1,0532013Assets 2014: $39,535Liabilities 2014: $42,555Net Assets 2014: -$3,0202014Assets 2015: $14,745Liabilities 2015: $45,649Net Assets 2015: -$30,9042015Assets 2016: $47,458Liabilities 2016: $36,463Net Assets 2016: $10,9952016Assets 2017: $43,908Liabilities 2017: $35,520Net Assets 2017: $8,3882017Assets 2018: $67,934Liabilities 2018: $18,761Net Assets 2018: $49,1732018Assets 2019: $26,533Liabilities 2019: $26,483Net Assets 2019: $502019Assets 2020: $63,344Liabilities 2020: $44,518Net Assets 2020: $18,8262020Assets 2021: $117,232Liabilities 2021: $44,928Net Assets 2021: $72,3042021Assets 2022: $25,405Liabilities 2022: $29,757Net Assets 2022: -$4,3522022Assets 2023: $31,630Liabilities 2023: $46,531Net Assets 2023: -$14,9012023Assets 2024: $8,917Liabilities 2024: $42,434Net Assets 2024: -$33,5172024

Highlighted filing

2020

Assets$63,344
Liabilities$44,518
Net Assets$18,826

Operations Trend

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

$400K$200K$0-$200KExpenses 2011: $336,1652011Revenue 2012: $308,202Expenses 2012: $315,943Net Income 2012: -$7,7412012Revenue 2013: $263,442Expenses 2013: $277,933Net Income 2013: -$14,4912013Revenue 2014: $224,421Expenses 2014: $228,494Net Income 2014: -$4,0732014Revenue 2015: $159,370Expenses 2015: $187,254Net Income 2015: -$27,8842015Revenue 2016: $203,634Expenses 2016: $161,735Net Income 2016: $41,8992016Revenue 2017: $177,387Expenses 2017: $182,602Net Income 2017: -$5,2152017Revenue 2018: $327,978Expenses 2018: $287,193Net Income 2018: $40,7852018Revenue 2019: $288,370Expenses 2019: $343,186Net Income 2019: -$54,8162019Revenue 2020: $150,754Expenses 2020: $123,791Net Income 2020: $26,9632020Revenue 2021: $370,063Expenses 2021: $286,505Net Income 2021: $83,5582021Revenue 2022: $305,181Expenses 2022: $381,837Net Income 2022: -$76,6562022Revenue 2023: $238,827Expenses 2023: $249,376Net Income 2023: -$10,5492023Revenue 2024: $320,890Expenses 2024: $339,506Net Income 2024: -$18,6162024

Highlighted filing

2020

Revenue$150,754
Expenses$123,791
Net Income$26,963
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 17, 2021
Return Version
2020v4.1
Gross Receipts
$150,754
Mission and Program Overview

Mission

Open Studios is an organization operating in Boulder County, Colorado that serves artists and the broader community by advancing the visual arts throught education and events.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$500$39,498▲ $38,998
Cash and Non-Interest-Bearing Accounts$17,944$22,784▲ $4,840
Loans From Officers Directors$9,708$9,758▲ $50
Accounts Receivable$8,089$1,062▼ $7,027
Land, Buildings, and Equipment, Net$0--
Total Assets$26,533$63,344▲ $36,811
Liabilities
Other Liabilities$9,060$29,678▲ $20,618
Accounts Payable and Accrued Expenses$7,715$5,032▼ $2,683
Deferred Revenue-$50-
Total Liabilities$26,483$44,518▲ $18,035
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$50$18,826▲ $18,776
Total Net Assets Fund Balance$50$18,826▲ $18,776
Total Liabilities and Net Assets / Fund Balance$26,533$63,344▲ $36,811
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mary HorrocksCurator/BoardFT$36,667$36,667
Kristine CollinsTreasurerPT$1,125$1,125
Cindy BrittanBoard Member-$760$760

Board Members and Trustees

NameTitle
Pen VolkmannArtist/Board Chairman
Kimberly Dorazewski-SmouseVice Chair
Joseph JimenezBoard Member
Khiri LeeBoard Member
Robin BryantBoard Member
Howard O BernsteinSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$119,712
Program Service Revenue
$20,748
Investment Income
$95
Other Revenue
$10,199
All Other Contributions
$46,593
Change in Net Assets
$26,963

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$68,427
Salaries, Compensation, and Employee Benefits$55,364
Total Fundraising Expense$22,991
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$6,667$20,000$10,000$36,667
Comp Disqual Persons$12,475$1,125$0$13,600
Advertising$5,591$0$3,346$8,937
Office Expenses$2,121$2,122$2,121$6,364
Fees for Services Management$2,643$0$2,644$5,287
Payroll Taxes$2,207$2,890$0$5,097
Other Expenses$1,414$2,084$0$3,498
Insurance$132$1,045$0$1,177
Fees for Services Accounting$0$920$0$920
Depreciation Depletion$400$0$0$400
Total Functional Expenses$66,812$33,988$22,991$123,791
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$9,708$9,758▲ $50
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
PPP Loan (Not Yet Forgiven)$15,650
Sales Tax Payable$7,978
Payroll Liabilities$6,050
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Open Studios Inc
EIN
84-1305449
Phone
3034441862
Address
PO Box 45, Boulder, CO 80306

Signing Officer

Name
Mary Horrocks
Title
Executive Director
Phone
3034441862
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Formed
1995
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
10
Volunteers
134

Preparer

Firm
Kristine Collins LLC
Address
2218 Sunrise Drive, Longmont, CO 80501
Preparer
Kristine Collins
Phone
7206002812
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Form 990 will be reviewed at board meeting.

Pt VI, Line 19

Documents available upon request.

Pt VI, Line 8B

Decisions reviewed by board.

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IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt03861
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt027013
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0500
IRS990/SavingsAndTempCashInvstGrp/EOYAmt039498
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt05000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt05000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt070865
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt063243
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt099190
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt063451
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0168062
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0464811
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt032
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0120
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt04
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0156
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0199796
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0228668
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0113932
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0149540
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0691936
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt032
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0120
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt04
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0156
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.99550
IRS990ScheduleA/PublicSupportPY509Pct00.99600
IRS990ScheduleA/PublicSupportTotal509Amt01151747
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt05000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt05000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt070865
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0263039
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0327858
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0177383
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0317602
IRS990ScheduleA/Total509Grp/TotalAmt01156747
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01156903
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/ScheduleBRequiredInd0true
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07978
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16050
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt215650
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Sales Tax Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payroll Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PPP Loan (Not Yet Forgiven)
IRS990ScheduleD/TotalLiabilityAmt029678
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt05135
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt11712
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt21712
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt31199
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd3false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Banking
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Bank
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2Banking
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3Bank
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt015000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt15000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt25000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt33500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Kathleen Sears
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Matt Cohn
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2Brenda Niemand
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3Howard Bernstein
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Board
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Board
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2Board
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3Board
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd3true
IRS990ScheduleL/TotalBalanceDueAmt09758
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 will be reviewed at board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Documents available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Decisions reviewed by board.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 8b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.09$0.42$0.34$3.21$3.40$0.19
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.32$0.47$0.15$2.39$2.49$0.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.30$0.04$3.05$3.82$0.77
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.45$0.72$3.70$2.87$0.84
2020Detailed filing. Detailed filing data is available for this year.$0.63$0.45$0.19$1.51$1.24$0.27
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$0.26$0.00$2.88$3.43$0.55
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.19$0.49$3.28$2.87$0.41
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.36$0.08$1.77$1.83$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.36$0.11$2.04$1.62$0.42
2015Detailed filing. Detailed filing data is available for this year.$0.15$0.46$0.31$1.59$1.87$0.28
2014Detailed filing. Detailed filing data is available for this year.$0.40$0.43$0.03$2.24$2.28$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.43$0.42$0.01$2.63$2.78$0.14
2012Summary only. Only limited summary data is available for this year.$0.56$0.40$0.16$3.08$3.16$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.40$0.23$3.36