Civic Intelligence

Open Arts Studio Inc.

990EZ • Fiscal year 2022 • EIN 86-2912953

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 02, 2023

68 Jay StreetBrooklyn, NY 11201

(718) 812-2341

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

44th percentile

0.0%

Higher net margin than 44% of similar nonprofits.

2022 filings • NTEE A62 • <$500k nonprofits • Source year 2022

Top Officer Pay

66th percentile

$1,000

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2022 filings • NTEE A62 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

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

Source year 2022

Revenue Growth

Score unavailable

No value available

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

Source year 2022

Assets

$10,918

No earlier filing loaded for comparison.

Net Assets

$10,918

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue

$69,441

No earlier filing loaded for comparison.

Expenses

$69,438

No earlier filing loaded for comparison.

Net Income

$3

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$40K$30K$20K$10K$0Assets 2022: $10,918Net Assets 2022: $10,9182022Assets 2023: $25,296Net Assets 2023: $25,2962023Assets 2024: $32,219Net Assets 2024: $32,2192024

Highlighted filing

2022

Assets$10,918
Liabilities-
Net Assets$10,918

Operations Trend

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

$80K$60K$40K$20K$0Revenue 2022: $69,441Expenses 2022: $69,438Net Income 2022: $32022Revenue 2023: $67,785Expenses 2023: $53,407Net Income 2023: $14,3782023Revenue 2024: $62,351Expenses 2024: $56,128Net Income 2024: $6,2232024

Highlighted filing

2022

Revenue$69,441
Expenses$69,438
Net Income$3
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 2, 2023
Return Version
2022v5.0
Gross Receipts
$69,441
Mission and Program Overview

Mission

To enable creative researh into the relationship of the physical body and the material world via performing and visual arts.

Program Services

DescriptionGrantsExpenses
PERFORMANCES$0$12,080
YOUNG ARTISIS PROGRAMACCESSABLE ARTS EDUCATION$0$10,235
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LAURA PETERSONPresidentFT$0$1,000$1,000
Filing and Contact Details

Filer

Filer Name
Open Arts Studio Inc
EIN
86-2912953
Phone
7188122341
Address
68 JAY STREET, BROOKLYN, NY 11201

Signing Officer

Name
Laura a Peterson
Title
President
Phone
7188122341
Signed
2023-06-02

Preparer

Firm
Taylor & Lord Associates Ltd
Address
325 W 38TH ST SUITE 808, NEW YORK, NY 10018
Preparer
Robert Taylor
Phone
2126299727
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

WEBSITE 433.

Form 990EZ, Part I, Line 16

COSTUMES 550.

Form 990EZ, Part I, Line 16

SETS 2230.

Form 990EZ, Part I, Line 16

PAYMENT FEES 1416.

Form 990EZ, Part I, Line 16

TRAVEL 10638.

Form 990EZ, Part I, Line 16

GALA SUPPLIIES 1700.

Form 990EZ, Part I, Line 16

MARKETING 726.

Form 990EZ, Part I, Line 16

Educational expenses 1525.

Raw XML Appendix154 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/BooksInCareOfDetail/USAddress/CityNm0BROOKLYN
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IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt010915
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IRS990EZ/PrimaryExemptPurposeTxt0TO ENABLE CREATIVE RESEARH INTO THE RELATIONSHIP OF THE PHYSICAL BODY AND THE MATERIAL WORLD VIA PERFORMING AND VISUAL ARTS.
IRS990EZ/ProgramServiceRevenueAmt057541
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0YOUNG ARTISIS PROGRAMACCESSABLE ARTS EDUCATION
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt112080
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
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IRS990EZ/TotalExpensesAmt069438
IRS990EZ/TotalProgramServiceExpensesAmt022315
IRS990EZ/TotalRevenueAmt069441
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0https://www.openartsstudio.org/
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt011900
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IRS990ScheduleA/InvestmentIncomeCYPct00
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportTotal170Amt011900
IRS990ScheduleA/PublicSupportTotal509Amt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt011900
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IRS990ScheduleA/TotalSupportAmt011900
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WEBSITE 433.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COSTUMES 550.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SETS 2230.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PAYMENT FEES 1416.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TRAVEL 10638.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GALA SUPPLIIES 1700.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MARKETING 726.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7EDUCATIONAL EXPENSES 1525.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07188122341
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-06-02
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133235353
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0325 W 38TH ST SUITE 808
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
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ReturnHeader/PreparerPersonGrp/PreparationDt02023-06-06
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ReturnHeader/ReturnTs02023-06-06T11:35:58-07:00
ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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