Civic Intelligence

Open Arts Studio Inc.

990EZ • Fiscal year 2023 • EIN 86-2912953

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 18, 2024

Organization Profilewww.openartsstudio.org
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 2023

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2023

Net Margin

77th percentile

21%

Higher net margin than 77% of similar nonprofits.

2023 filings • NTEE A62 • <$500k nonprofits • Source year 2023

Top Officer Pay

73rd percentile

$500

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2023 filings • NTEE A62 • <$500k nonprofits • Source year 2023

Asset Growth

86th percentile

132%

Faster asset growth than 86% of similar nonprofits.

2023 filings • NTEE A62 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

35th percentile

-2.4%

Faster revenue growth than 35% of similar nonprofits.

2023 filings • NTEE A62 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$25,296

Up $14,378 (+132%) from 2022

Net Assets

Up

$25,296

Up $14,378 (+132%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin77th percentile

Revenue

Down

$67,785

Down $1,656 (-2.4%) from 2022

Expenses

Down

$53,407

Down $16,031 (-23%) from 2022

Net Income

Up

$14,378

Up $14,375 (+479167%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

2023

Assets$25,296
Liabilities-
Net Assets$25,296
Open 2023 Filing

Operations Trend

Revenue Growth35th percentile

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

2023

Revenue$67,785
Expenses$53,407
Net Income$14,378
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 18, 2024
Return Version
2023v5.1
Gross Receipts
$67,785
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
YOUNG ARTISIS PROGRAMACCESSABLE ARTS EDUCATION$0$8,415
PERFORMANCES$0$0
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
LAURA PETERSONPresidentFT$0$500$500
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
2024-06-18

Preparer

Firm
Taylor & Lord Associates Ltd
Address
325 W 38TH ST SUITE 310, NEW YORK, NY 10018
Preparer
Robert Taylor
Phone
2126299727
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 8

“STUDIO RENTALS 46800.”

Form 990EZ, Part I, Line 16

“WEBSITE 399.”

Form 990EZ, Part I, Line 16

“TRAVEL 7421.”

Form 990EZ, Part I, Line 16

“MARKETING 700.”

Form 990EZ, Part I, Line 16

“Educational expenses 994.”

Raw XML Appendix145 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0LAURA PETERSON
IRS990EZ/BooksInCareOfDetail/PhoneNum07188122341
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt068 JAY STREET 6TH FL
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BROOKLYN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd011201
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt010918
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt025296
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IRS990EZ/ContributionsGiftsGrantsEtcAmt019600
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IRS990EZ/ExcessOrDeficitForYearAmt014378
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt06976
IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt067785
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
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IRS990EZ/MembershipDuesAmt00
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IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt025296
IRS990EZ/OccupancyRentUtltsAndMaintAmt036417
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt0500
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0LAURA PETERSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt09514
IRS990EZ/OtherRevenueTotalAmt046800
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO ENABLE CREATIVE RESEARH INTO THE RELATIONSHIP OF THE PHYSICAL BODY AND THE MATERIAL WORLD VIA PERFORMING AND VISUAL ARTS.
IRS990EZ/ProgramServiceRevenueAmt01385
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0YOUNG ARTISIS PROGRAMACCESSABLE ARTS EDUCATION
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1PERFORMANCES
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt08415
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt10
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt0500
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt053407
IRS990EZ/TotalProgramServiceExpensesAmt08415
IRS990EZ/TotalRevenueAmt067785
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0https://www.openartsstudio.org/
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt019600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt011900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt031500
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt031500
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt019600
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt011900
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt031500
IRS990ScheduleA/TotalSupportAmt031500
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STUDIO RENTALS 46800.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WEBSITE 399.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TRAVEL 7421.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MARKETING 700.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EDUCATIONAL EXPENSES 994.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LAURA A PETERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07188122341
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-06-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OPEN ARTS STUDIO INC
ReturnHeader/Filer/BusinessNameControlTxt0OPEN
ReturnHeader/Filer/EIN0862912953
ReturnHeader/Filer/PhoneNum07188122341
ReturnHeader/Filer/USAddress/AddressLine1Txt068 JAY STREET
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133235353
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0325 W 38TH ST SUITE 310
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010018
ReturnHeader/PreparerPersonGrp/PhoneNum02126299727
ReturnHeader/PreparerPersonGrp/PreparationDt02024-06-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT TAYLOR
ReturnHeader/ReturnTs02024-06-18T13:36:32-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LAURA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PETERSON
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,296
Liabilities
-
Net assets
$25,296
Revenue
$67,785
Expenses
$53,407
Net income
$14,378
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$32.2$32.2$62.4$56.1$6.22
2023Detailed filing. Detailed filing data is available for this year.$25.3$25.3$67.8$53.4$14.4
2022Detailed filing. Detailed filing data is available for this year.$10.9$10.9$69.4$69.4$0.00