Overview
What is The Studios Inc?
The Studios Inc is a nonprofit organization situated in Kansas City, Missouri, specifically at 1700 Campbell St. Their primary mission is to support mid-career artists by offering studio space, professional development opportunities, networking events, and exhibition platforms in the Greater Kansas City area. Each resident artist is assigned a studio ranging from 750 to 3,000 square feet and has the chance to showcase their work in the organization's exhibition space, increasing their public recognition and access to collectors. Furthermore, The Studios Inc provides a Patron Program that encourages in-depth dialogue between artists and patrons through studio visits and exhibitions, while also funding an artist's studio. Additionally, the organization has a large, fenced-in lot available for outdoor installations, performances, or workspaces.
Official website here: www.thestudiosinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star Rating.
The Studios Inc received a solid Three-Star rating, reflecting an 81% overall score primarily based on its accountability and finance practices. With 100% of its board members being independent and a clear absence of asset diversion, the organization demonstrates a strong governance structure. Additionally, it maintains transparency by listing its website on tax forms and having proper documentation for board meeting minutes.
However, there are notable weaknesses in certain operational policies. Specifically, the organization lacks a whistleblower policy and a document retention and destruction policy, which could affect its overall governance framework. Despite these limitations, The Studios Inc's favorable liabilities to assets ratio and a significant portion of its expenses directed towards programs indicate a commitment to utilizing resources effectively.
This AI summary has been generated from information found on Charity Navigator.
Is The Studios Inc legitimate?
The Studios Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Studios Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $33,332
For more financial information, click here
Official website here: www.thestudiosinc.org
What is the mission statement of The Studios Inc?
The Studios Inc serves as a platform, providing mid-career artists with studio space, professional development opportunities, networking events, and exhibition chances. Its mission is to support these artists, enhancing their public recognition and increasing their access to collectors. Each artist is assigned a studio of a specific size and commits to an annual exhibition, showcasing their work. The organization offers additional visibility through its gallery exhibition and lending program, promoting the artists' work. The Studios Patron Program facilitates a deeper engagement between patrons and artists, fostering dialogue and career advancement assistance.
Official website here: www.thestudiosinc.org
What is the revenue of The Studios Inc?
The Studios Inc's revenue in 2023 was $156,211.
Official website here: www.thestudiosinc.org
Who are the executives of The Studios Inc and what are their salaries?
The average compensation at The Studios Inc during 2023 was $33,332. There is 1 employee and 5 volunteers at The Studios Inc.
Here are 8 key members and their salaries:
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Official website here: www.thestudiosinc.org
Where can I find the form 990 for The Studios Inc?
The Studios Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thestudiosinc.org
Learn more at the official website: www.thestudiosinc.org
Mission Statement of The Studios Inc
The Studios Inc, a nonprofit organization, is dedicated to serving mid-career artists in greater Kansas City. Its mission encompasses providing studio space, fostering professional development, facilitating networking opportunities, and hosting exhibitions for these artists. By assigning each resident artist a studio ranging from 750 to 3,000 square feet, The Studios Inc offers a conducive environment for creative pursuits. The organization also operates 7 days a week, and a large fenced-in lot is available for outdoor installations, performances, or workspace.
Resident artists at The Studios Inc are not only given the opportunity to showcase their work in the exhibition space but also receive more public recognition and broader access to collectors. The organization's annual exhibition, The Studios.Gallery Exhibition and Lending Program, and Patron Program help increase the visibility of resident artists' work. Through the Patron Program, patrons can engage in a deeper dialogue with artists, learn about the creative process, and provide additional career advancement assistance. By participating in The Studios Inc, mid-career artists not only have a space to create but also an opportunity to gain recognition and build relationships with patrons.
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Impact
July, 2024
The Studios Inc has a significant impact on the art community in Greater Kansas City by providing mid-career artists with essential support and resources. Through its provision of studio space, professional development opportunities, networking events, and exhibitions, The Studios Inc plays a crucial role in nurturing and showcasing the talent of resident artists. The organization's commitment to showcasing the work of resident artists in an expansive exhibition space both indoors and outdoors helps to increase their visibility and recognition within the art world. Additionally, The Studios Inc's initiatives like the Patron Program facilitate meaningful connections between artists and supporters, fostering dialogue and career advancement opportunities. Overall, The Studios Inc contributes to the growth and success of mid-career artists in Kansas City, making a valuable impact on the local arts scene.
This information is meant to be a general summary of The Studios Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $6,901
- Program Service Revenue: $5,000
- Gross Receipts: $197,860
Assets and Liabilities:
- Total Assets: $2,964,484
- Total Liabilities: $0
- Net Assets: $2,964,484
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ARTIST STUDIO RENT
Revenue
$5,000
Organization Details
Founding Year
2008
Principal Officer
Brad Nicholson
Website
www.thestudiosinc.orgNTEE Category
Code: A20 - Arts
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