Canopy Studio INC EIN 04-3601205

Canopy Studio INC

EIN  04-3601205 Public charity (501(c)(3)) Athens, GA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Offers aerial dance, movement education, and performance arts to enrich community culture and lives.
Leadership
Shannah Montgomery · President
Money in and out
$680K revenue, $630K expenses
Bottom line
86% program efficiency

Offers aerial dance, movement education, and performance arts to enrich community culture and lives. For fiscal year 2024 it reported $680K in revenue, $630K in expenses, and $896K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$680K
Pt VIII · Ln 12
Total expenses
$630K
Pt IX · Ln 25
Net assets
$896K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $51K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.11 Fundraising $0.03
Program efficiency
86%
of spending reaches programs▲ +9% vs prior filing year
Operating runway
12.5mo
months of highly liquid reserves at operating expense rate▲ +5% vs prior filing year
Surplus margin
+7%
revenue over expenses, this year▼ -54% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$680K
FY2024▼ -4%
Expenses
$630K
FY2024▲ +6%
Total assets
$926K
FY2024▲ +6%
Total liabilities
$30K
FY2024▼ -13%
Total revenue
$680K
Pt VIII · Ln 12
Total expenses
$630K
Pt IX · Ln 25
Net assets
$896K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$51K
Total assetsPt X · Ln 16$926K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $543K of program spending, described in the organization's own filed words · FY2024.
01

Canopy served 1065 students by providing a total of 460 classes, 16 days of winter camps, and 9 weeks of summer camps. The organization also facilitated 30 outreach workshops and 8 free community classes. Canopy hosted 4 visiting artists' performances AND/OR workshops.

$543Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCanopy Studio INC
EINHdr · item D04-3601205
Principal addressHdr · item CAthens, GA
WebsiteHdr · item Jwww.canopystudio.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A62)
Ruling yearIRS BMFMar 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Past Treasur
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Staff Rep
$0Pt VII · Sec A
Boad Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$603K · 89%
Contributions & grants$55K · 8%
Investment income$20K · 3%
Program service revenue89%$603K
Contributions & grants8%$55K
Investment income3%$20K
Other revenue$3K
Total revenueLn 12$680K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.11 Fundraising $0.03
Program services86%$543K
Management & general11%$67K
Fundraising3%$20K
Total functional expensesLn 25$630K

Balance Sheet

Part X · end of year
CashLn 1$654K
Total assetsLn 16$926K
Total liabilitiesLn 26$30K
Total net assetsLn 32$896K
Months of cash on handcomputed12.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $654K · Operating expenses/yr $630K
12.5 months
Where the money goes
Program services
Program services $543K · Total expenses $630K
86%
Management & General
Management & general $67K · Total expenses $630K
11%
Fundraising
Fundraising $20K · Total expenses $630K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $19K · Solicited contributions (3-yr avg) $99K
$0.19 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $55K · Total revenue $680K
8%
Government reliance
Government grants — · Total revenue $680K
Earned-income share
Program service revenue $603K · Total revenue $680K
89%
Investment reliance
Investment income $20K · Total revenue $680K
+3%
Program self-sufficiency
Program service revenue $603K · Total expenses $630K
96%
Growth & trend
Revenue growth (YoY)
This year $680K · Prior year $710K
-4%
Revenue CAGR
FY2020 $487K · FY2024 $680K
+9%
Net-asset trend (YoY)
End of year $896K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $680K · Expenses $630K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $926K
Net-asset ratio
Net assets $896K · Total assets $926K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $926K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Shannah Montgomery · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $630K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $428K · Total expenses $630K
68%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 11%
Fundraising cost ratio 37%
Revenue growth -4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$7K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$680K revenue · viewing · ⤓ 990 PDF
FY2023$710K revenue · ⤓ 990 PDF
FY2022$624K revenue · ⤓ 990 PDF
FY2021$696K revenue · ⤓ 990 PDF
FY2020$487K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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