Studio Place Arts Incorporated FY2020 filing

Tax-deductible

Barre, VT501(c)(3)Since 1998Arts & CultureEIN 03-0357848Revenue $115K in FY2020

On file with the IRSstudioplacearts.com201 N Main St, 05641-4125 · Barre, VTTax-exempt since Jan 1999Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
$44K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $11K a year · 7% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$44K
to officers and key staff · 39% of spending
Concern: pay to officers and key staff is 39% of spending; over 30%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $42K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$274K
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$115K
Spent
$115K
To programs
63%
Net assets
$248K
By yearFY2020–FY2025
Revenue
$115K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$115K
FY2021$124K
FY2022$116K
FY2023$309K
FY2024$124K
FY2025$146K
Expenses
$115K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$115K
FY2021$108K
FY2022$123K
FY2023$295K
FY2024$191K
FY2025$169K
Net assets
$248K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$248K
FY2021$264K
FY2022$257K
FY2023$271K
FY2024$204K
FY2025$181K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $72K Management & general 24% · $27K Fundraising 13% · $15K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $44K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Direc
$44,210Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Sue Higby’s $61K as Executive Director is at the 56th percentile of top reported officer pay among 2215 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Sue Higby$60,505$57,200$59,400$49,344$44,210$44,210

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Presents art exhibits, teaches visual arts, connects people with artists, and rents studios.

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Provided by the organization

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1 program · $72K · in their own filed words · FY2020
01

Studio Place Arts conducted workshops and classes for the general public on making art and crafts, and art learning opportunities through studio experiences and lectures, and a diverse schedule of art exhibitions throughout the year in which artists who cannot display or sell art in other forums may participate.Beginning in 2015 Studio…

$72Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$115K
Ln 12
Gifts and grantsLn 1h$90K
Fees for servicesLn 2g$18K
Other incomeLn 4–11$7K
Money outPt IX
$115K
Ln 25
Programscol B$72K
Managementcol C$27K
Fundraisingcol D$15K
Owns and owesPt X
$248K
net assets · Ln 32
Cash and savingsLn 1–2$47K
Total assetsLn 16$522K
LiabilitiesLn 26$274K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$90K
Government grantsLn 1e$17K
Fees for servicesLn 2g$18K
Investment incomeLn 3$174
Other incomeLn 4–11$7K
Gains on assetsLn 7$0
Total revenueLn 12$115K
Assets in detailPt X, end of year
CashLn 1$36K
SavingsLn 2$11K
Cash and savings togetherLn 1–2$47K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$475K
Other assetsLn 15$0
Total assetsLn 16$522K
LiabilitiesLn 26$274K
Net assetsLn 32$248K
OperationsPt I, VI
EmployeesI 52
VolunteersI 614
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$33K$47K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$494K$475K
Total assetsLn 16$527K$522K
LiabilitiesLn 26$279K$274K
Net assetsLn 32$247K$248K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$38K$24K$9K$4K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$18K$14K$4K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$7K$5K$2K
Payroll taxesLn 10$7K$5K$1K$572
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$4K$3K$293
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$0
Information technologyLn 14$515$515
RoyaltiesLn 15$0
OccupancyLn 16$9K$4K$4K$557
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$2K$2K$547
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$8K$2K$4K$2K
InsuranceLn 23$4K$4K$253$126
Other expenses (24a–d)Ln 24$9K$3K$4K$2K
All other expensesLn 24e$4K$2K$789$1K
Total functional expensesLn 25$115K$72K$27K$15K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $146K$169K−$23K$181K 990 PDF
FY2024 $124K$191K−$67K$204K 990 PDF
FY2023 $309K$295K$14K$271K 990 PDF
FY2022 $116K$123K−$8K$257K 990 PDF
FY2021 $124K$108K$16K$264K 990 PDF
FY2020 Viewing $115K$115K$800$248K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $115,340 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $70,413$90,227
I-9 Program service revenuePrior year $33,142$17,942
I-10 Investment incomePrior year $182$174
I-11 Other revenuePrior year $7,132$6,997
I-12 Total revenuePrior year $110,869$115,340
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $61,251$69,058
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $48,847$45,482
I-18 Total expensesPrior year $110,098$114,540
I-19 Revenue less expensesPrior year $771$800
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $115,340 across 12 lines filed
VIII-1b Membership dues$5,061
VIII-1e Government grants$17,000
VIII-1f All other contributions, gifts and grants$68,166
VIII-1h Total contributions, gifts and grants$90,227
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $17,942$17,942
VIII-3 Investment incomeExcluded from tax $174$174
VIII-5 Royalties$0
VIII-6 Net rental income or lossRelated to mission $3,291$3,291
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax $3,027$3,027
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $679$679
VIII-12 Total revenueRelated to mission $21,233 · Excluded from tax $3,880$115,340
Part IX · Statement of functional expenses $114,540 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $24,316 · Management $8,842 · Fundraising $4,421$37,579
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $14,362 · Fundraising $3,590$17,952
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $4,623 · Management $1,981$6,604
IX-10 Payroll taxesPrograms $5,065 · Management $1,286 · Fundraising $572$6,923
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $2,135$2,135
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $3,394 · Management $293$3,687
IX-12 Advertising and promotionPrograms $3,159$3,159
IX-13 Office expenses$0
IX-14 Information technologyPrograms $515$515
IX-15 Royalties$0
IX-16 OccupancyPrograms $3,877 · Management $4,073 · Fundraising $557$8,507
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $1,642 · Fundraising $547$2,189
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $1,936 · Management $3,870 · Fundraising $1,934$7,740
IX-23 InsurancePrograms $4,028 · Management $253 · Fundraising $126$4,407
IX-24 Other expenses (24a–d)Programs $3,220 · Management $3,963 · Fundraising $1,881$9,064
IX-24e All other expensesPrograms $2,142 · Management $789 · Fundraising $1,148$4,079
IX-25 Total functional expensesPrograms $72,279 · Management $27,485 · Fundraising $14,776$114,540
Part X · Balance sheet $521,615 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $18,976$36,164
X-2 Savings and temporary cash investmentsStart of year $13,560$10,743
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $494,057$474,708
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $1$0
X-16 Total assetsStart of year $526,594$521,615
X-17 Accounts payable and accrued expensesStart of year $10,444$12,647
X-25 Other liabilitiesStart of year $4,741$4,741
X-26 Total liabilitiesStart of year $279,381$273,602
X-32 Total net assets or fund balancesStart of year $247,213$248,013
X-33 Total liabilities and net assetsStart of year $526,594$521,615
Part XI · Reconciliation of net assets $248,013 net assets at year end
XI-1 Total revenue$115,340
XI-2 Total expenses$114,540
XI-3 Revenue less expenses$800
XI-4 Net assets at start of year$247,213
XI-10 Net assets at end of year$248,013

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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