Civic Intelligence

Open Arts Studio Inc.

990EZ • Fiscal year 2024 • EIN 86-2912953

Jan 01, 2024 to Dec 31, 2024 • Filed on May 13, 2025

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 2024

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2024

Net Margin

65th percentile

10.0%

Higher net margin than 65% of similar nonprofits.

2024 filings • NTEE A62 • <$500k nonprofits • Source year 2024

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • NTEE A62 • <$500k nonprofits • Source year 2024

Asset Growth

67th percentile

27%

Faster asset growth than 67% of similar nonprofits.

2024 filings • NTEE A62 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

40th percentile

-8.0%

Faster revenue growth than 40% of similar nonprofits.

2024 filings • NTEE A62 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$32,219

Up $6,923 (+27%) from 2023

Net Assets

Up

$32,219

Up $6,923 (+27%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin65th percentile

Revenue

Down

$62,351

Down $5,434 (-8.0%) from 2023

Expenses

Up

$56,128

Up $2,721 (+5.1%) from 2023

Net Income

Down

$6,223

Down $8,155 (-57%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth67th 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

2024

Assets$32,219
Liabilities-
Net Assets$32,219
Open 2024 Filing

Operations Trend

Revenue Growth40th 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

2024

Revenue$62,351
Expenses$56,128
Net Income$6,223
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 13, 2025
Return Version
2024v5.2
Gross Receipts
$62,351
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$1,039
PERFORMANCES$0$194
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
LAURA PETERSONPresidentFT$0--
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
2025-05-13

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 48953.”

Form 990EZ, Part I, Line 8

“PERFORMANCE RENTAL 638.”

Form 990EZ, Part I, Line 16

“Youth progran expenses 194.”

Form 990EZ, Part I, Line 16

“UNIIFORM 396.”

Raw XML Appendix139 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
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/BOYAmt025996
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt032219
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt010505
IRS990EZ/CostOfGoodsSoldAmt00
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IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt06223
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt011127
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
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IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt062351
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
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IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt032219
IRS990EZ/OccupancyRentUtltsAndMaintAmt044411
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0LAURA PETERSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0590
IRS990EZ/OtherRevenueTotalAmt049591
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/ProgramServiceRevenueAmt02255
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0YOUNG ARTISIS PROGRAMACCESSABLE ARTS EDUCATION
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1PERFORMANCES
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt01039
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt1194
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt056128
IRS990EZ/TotalProgramServiceExpensesAmt01233
IRS990EZ/TotalRevenueAmt062351
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0https://www.openartsstudio.org/
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt010505
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt019600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt011900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt042005
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt042005
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt010505
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt019600
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt011900
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt042005
IRS990ScheduleA/TotalSupportAmt042005
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STUDIO RENTALS 48953.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PERFORMANCE RENTAL 638.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2YOUTH PROGRAN EXPENSES 194.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UNIIFORM 396.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LAURA A PETERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07188122341
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-13
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
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011201
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133235353
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TAYLOR & LORD ASSOCIATES LTD
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/PreparationDt02025-12-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Robert Taylor
ReturnHeader/ReturnTs02025-12-19T12:20:29-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$32,219
Liabilities
-
Net assets
$32,219
Revenue
$62,351
Expenses
$56,128
Net income
$6,223
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