Overview
What is Parallel Studios Inc?
Parallel Studios Inc, based in Santa Fe, New Mexico, is a nonprofit organization dedicated to promoting new media arts. Their annual event, the "Currents" Media Festival, offers the community a chance to explore the latest advancements in this field, providing a non-intimidating environment and docent tours to enhance public understanding. In 2020, the festival transitioned online due to the pandemic and was accessed by individuals from 95 countries and all 50 U.S. states. Parallel Studios is committed to inclusivity and charges a 10-dollar admission fee for adults, while maintaining free entry for those under 20. The organization aims to engage youth in this art form by inviting youth groups and providing knowledgeable guides. They also host lectures and workshops for artists and the public, fostering a collaborative environment for artists to share their work and experiences.
Official website here: www.currentsnewmedia.org
What do the Facebook reviews say about Parallel Studios Inc?
96% of 15 reviewers on Facebook recommend Parallel Studios Inc. Here is a summary of their reviews:
Many users highlight the high quality of the events organized by the nonprofit, describing them as first-rate experiences. The enthusiasm expressed by the attendees suggests that the organization truly excels in creating engaging and memorable events that resonate well with the community.
Overall, the sentiment is highly positive, with participants appreciating the professionalism and effectiveness of the events. It's clear that Parallel Studios Inc is committed to delivering exceptional experiences, leaving a lasting impression on its supporters.
This AI summary has been generated from reviews found on Facebook.
Is Parallel Studios Inc legitimate?
Parallel Studios Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Parallel 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: $48,752
Professional Fundraising Fees: $0
Other Salaries and Wages: $43,323
For more financial information, click here
Official website here: www.currentsnewmedia.org
What is the mission statement of Parallel Studios Inc?
Parallel Studios Inc is dedicated to fostering new media arts and supporting artists in creating innovative work. They accomplish this through their annual festival, educational programs, and exhibition space, providing the public with year-round access to immersive and expansive art experiences. The festival, named "Currents," offers a 10-day period each June for the community to explore the latest in new media arts in a non-intimidating environment. Parallel Studios is committed to a non-discriminatory and inclusive approach to community involvement, creating an environment for artists to share information and experiences. They engage youth in this art form by presenting their work and inviting youth groups to attend exhibits. They offer lectures and hands-on workshops for both artists and the public, aiming to guide and educate visitors about new media arts.
Official website here: www.currentsnewmedia.org
Who is the CEO of Parallel Studios Inc?
Frank Ragano is the Co Exec. Dir of Parallel Studios Inc.
Official website here: www.currentsnewmedia.org
What is the revenue of Parallel Studios Inc?
Parallel Studios Inc's revenue in 2022 was $288,455.
Official website here: www.currentsnewmedia.org
Who are the executives of Parallel Studios Inc and what are their salaries?
The average compensation at Parallel Studios Inc during 2022 was $23,019. There are 4 employees at Parallel Studios Inc.
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Official website here: www.currentsnewmedia.org
Where can I find the form 990 for Parallel Studios Inc?
Parallel Studios Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.currentsnewmedia.org
Learn more at the official website: www.currentsnewmedia.org
Mission Statement of Parallel Studios Inc
Parallel Studios Inc, a nonprofit organization, is dedicated to fostering new media arts and supporting artists in creating innovative work. Their mission is twofold: firstly, they present the annual 'Currents' exhibition, a 10-day event that offers the community an opportunity to engage with the latest in new media arts in a welcoming and non-intimidating environment. They provide docent tours to enhance public understanding of the medium. Secondly, Parallel Studios Inc offers educational programs and an exhibition space, providing year-round access to immersive and expansive art experiences for the public. They strive to create a conducive environment for artists to share information and experiences, with selected artists presenting lectures and hands-on workshops that are open to both artists and the public. Parallel Studios Inc is committed to an inclusive approach to community involvement, engaging youth in this art form by inviting youth groups to attend exhibits and offering tours to guide them through the exhibits.
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Impact
October, 2024
Parallel Studios Inc has made a significant impact on the Santa Fe community and beyond through its annual Currents Media Festival, which showcases the latest in new media arts. By organizing this festival, Parallel Studios creates an open and non-intimidating environment where individuals of all backgrounds can engage with innovative artistic expressions.
The event serves as a platform for over 40 different artists to display their work, allowing visitors to immerse themselves in cutting-edge media art experiences. In recent years, the festival has adapted to the challenges posed by the pandemic, successfully transitioning to a virtual format in 2020 that attracted 6,500 visitors from 95 countries and every state in the USA.
Parallel Studios prioritizes inclusivity and accessibility, offering free admission for youth and maintaining low entrance fees for adults. This commitment ensures that everyone, regardless of financial situation, has the opportunity to experience and appreciate new media arts. Moreover, the inclusion of educational programs, lectures, and hands-on workshops facilitates knowledge sharing and inspires both artists and the general public.
Through guided docent tours for schools and community groups, Parallel Studios expands the understanding of new media arts among young audiences and cultivates a future generation of artists. This holistic approach not only enriches the local cultural landscape but also fosters creativity, collaboration, and learning in the community. Ultimately, Parallel Studios Inc plays a crucial role in promoting and supporting innovative artistic expression while engaging a diverse audience in meaningful ways.
This information is meant to be a general summary of Parallel 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 2022.
- Program Service Revenue: $33,898
- Gross Receipts: $288,455
Assets and Liabilities:
- Total Assets: $92,393
- Total Liabilities: $1,504
- Net Assets: $90,889
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APPLICATION AND OTHER FEES
Revenue
$13,736
FESTIVAL
Revenue
$12,744
STORE SALES
Revenue
$7,418
Organization Details
Phone
(505) 670-6473Principal Officer
Frank Ragano
Main Address
167 SOARING HAWK TRAIL, SANTA FE, NM, 875081414
Website
www.currentsnewmedia.orgNTEE Category
Code: A20 - Arts
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