New York Studio School FY2021 filing

Tax-deductible

New York, NY501(c)(3)Since 1964EIN 13-6167281

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501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
$248K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $84K a year · 3% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$248K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
23
named funders · $1.9M
Looks good: 23 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.7M
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 16 voting members
Looks good: 15 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.0M
+17% vs prior year
Spent
$2.8M
To programs
68%
Net assets
$5.1M
By yearFY2020–FY2024
Revenue
$3.0M
FY2021▲ +17%
Revenue by fiscal year
FY2020$2.6M
FY2021$3.0M
FY2022$3.0M
FY2023$3.3M
FY2024$3.8M
FY2024$4.9M
Expenses
$2.8M
FY2021▲ +7%
Expenses by fiscal year
FY2020$2.6M
FY2021$2.8M
FY2022$3.2M
FY2023$3.6M
FY2024$3.8M
FY2024$4.2M
Net assets
$5.1M
FY2021▲ +13%
Net assets by fiscal year
FY2020$4.6M
FY2021$5.1M
FY2022$4.4M
FY2023$4.0M
FY2024$4.0M
FY2024$4.8M

From the FY2021 Form 990 (year ending August 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1964.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $1.9M Management & general 26% · $733K Fundraising 6% · $171K

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

18 people listed on the 990; $248K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$175,871Pt VII · Sec A
Bursar/Accounts Manager
$71,748Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Graham Nickson$202,981$185,000$173,270$169,439$175,871$166,657
Kaitlin McDonough$173,723$117,983—$110,753——
Alison Lyons-Chapman————$71,748$62,427

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.

See New York Studio School executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Provides aspiring artists with a significant, lifelong education.

Provided by the organization

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1 program · $1.9M · in their own filed words · FY2020
01

Art Instruction

The new york studio school is where drawing, painting and sculpture are studied in depth, debated energetically and created with passion. Our goal for young artists is for them to find their own personal vision through the investigation of art and the visual world around us. Abstraction and figuration rub shoulders and often interchange.

$1.9Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 23 funders →
Grants paid · 10 grants · $2.0M · 2021–2024
Unitemized GrantFY2024$442,500
Unitemized GrantFY2024$109,305
Unitemized GrantFY2023$393,500
Unitemized GrantFY2023$62,053
Unitemized GrantFY2023$40,000
Unitemized GrantFY2022$411,800
Unitemized GrantFY2022$45,893
Unitemized GrantFY2022$37,000
Unitemized GrantFY2021$392,033
Unitemized GrantFY2021$64,755

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$3.0M
Ln 12
Gifts and grantsLn 1h$1.7M
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$138K
Money outPt IX
$2.8M
Ln 25
Programscol B$1.9M
Managementcol C$733K
Fundraisingcol D$171K
Owns and owesPt X
$5.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$6.8M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
18
listed · VII A
PaidVII A2
Voting boardVI 1a16
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Government grantsLn 1e$40K
Noncash giftsLn 1g$201K
Fundraising eventsLn 1c$275K
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$138K
Other incomeLn 4–11$16K
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
CashLn 1$200K
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$2.4M
Land, buildings, equipmentLn 10c$2.1M
Other assetsLn 15$14K
Total assetsLn 16$6.8M
LiabilitiesLn 26$1.7M
Net assetsLn 32$5.1M
OperationsPt I, VI
EmployeesI 546
VolunteersI 620
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$570K$1.5M
InvestmentsLn 11–13$2.5M$2.4M
Land, buildings, equipmentLn 10c$2.1M$2.1M
Total assetsLn 16$5.8M$6.8M
LiabilitiesLn 26$1.2M$1.7M
Net assetsLn 32$4.6M$5.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$352K$352K
Pay of current officers, directors and key staffLn 5$254K$180K$74K
Other salaries and wagesLn 7$1.1M$752K$271K$91K
Other employee benefitsLn 9$72K$52K$19K$1K
Payroll taxesLn 10$121K$74K$38K$9K
Legal feesLn 11b$789$631$158
Accounting feesLn 11c$66K$66K
Other fees for servicesLn 11g$76K$28K$45K$3K
Advertising and promotionLn 12$29K$29K
Office expensesLn 13$66K$38K$11K$17K
Information technologyLn 14$8K$2K$5K
OccupancyLn 16$58K$58K
TravelLn 17$390$124$115$151
InterestLn 20$27K$27K
Depreciation, depletion and amortizationLn 22$76K$57K$15K$4K
InsuranceLn 23$72K$10K$62K
Other expenses (24a–d)Ln 24$207K$193K$11K$3K
All other expensesLn 24e$184K$55K$91K$38K
Total functional expensesLn 25$2.8M$1.9M$733K$171K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $3.8M$3.8M−$24K$4.0M 990 PDF
FY2023 $3.3M$3.6M−$272K$4.0M 990 PDF
FY2022 $3.0M$3.2M−$283K$4.4M 990 PDF
FY2021 Viewing $3.0M$2.8M$208K$5.1M 990 PDF
FY2020 $2.6M$2.6M−$50K$4.6M 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $2,991,079 across 10 lines filed
VIII-1c Fundraising events$274,700
VIII-1e Government grants$40,150
VIII-1f All other contributions, gifts and grants$1,401,838
VIII-1g Noncash contributions (included above)$200,699
VIII-1h Total contributions, gifts and grants$1,716,688
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,121,175$1,121,175
VIII-3 Investment incomeExcluded from tax $137,703$137,703
VIII-6 Net rental income or lossExcluded from tax $40,696$40,696
VIII-8 Net income from fundraising eventsExcluded from tax −$25,183−$25,183
VIII-12 Total revenueRelated to mission $1,121,175 · Unrelated business $0 · Excluded from tax $153,216$2,991,079
Part IX · Statement of functional expenses $2,782,582 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $351,662$351,662
IX-5 Pay of current officers, directors and key staffPrograms $180,019 · Management $74,269$254,288
IX-7 Other salaries and wagesPrograms $752,453 · Management $270,717 · Fundraising $90,556$1,113,726
IX-9 Other employee benefitsPrograms $51,725 · Management $18,964 · Fundraising $1,318$72,007
IX-10 Payroll taxesPrograms $73,742 · Management $37,614 · Fundraising $9,296$120,652
IX-11b Legal feesManagement $631 · Fundraising $158$789
IX-11c Accounting feesManagement $66,150$66,150
IX-11g Other fees for servicesPrograms $27,788 · Management $45,368 · Fundraising $2,751$75,907
IX-12 Advertising and promotionPrograms $28,799$28,799
IX-13 Office expensesPrograms $37,775 · Management $11,306 · Fundraising $16,945$66,026
IX-14 Information technologyManagement $2,256 · Fundraising $5,267$7,523
IX-16 OccupancyPrograms $58,406$58,406
IX-17 TravelPrograms $124 · Management $115 · Fundraising $151$390
IX-20 InterestManagement $27,050$27,050
IX-22 Depreciation, depletion and amortizationPrograms $57,090 · Management $15,011 · Fundraising $4,019$76,120
IX-23 InsurancePrograms $10,462 · Management $61,693$72,155
IX-24 Other expenses (24a–d)Programs $193,019 · Management $11,049 · Fundraising $2,958$207,026
IX-24e All other expensesPrograms $55,196 · Management $91,068 · Fundraising $37,642$183,906
IX-25 Total functional expensesPrograms $1,878,260 · Management $733,261 · Fundraising $171,061$2,782,582
Part X · Balance sheet $6,814,624 assets, 18 lines filed
Asset lines not itemized here account for $1,064; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $101,750$199,781
X-2 Savings and temporary cash investmentsStart of year $468,245$1,268,396
X-3 Pledges and grants receivableStart of year $309,208$488,362
X-4 Accounts receivableStart of year $30,740$25,850
X-8 Inventories for sale or useStart of year $204,000$214,000
X-9 Prepaid expenses and deferred chargesStart of year $80,848$74,300
X-10c Land, buildings and equipment, netStart of year $2,131,058$2,090,612
X-11 Publicly traded securitiesStart of year $2,456,604$2,438,579
X-15 Other assetsStart of year $14,673$13,680
X-16 Total assetsStart of year $5,802,990$6,814,624
X-17 Accounts payable and accrued expensesStart of year $130,902$214,365
X-19 Deferred revenueStart of year $279,336$525,626
X-25 Other liabilitiesStart of year $266,118$24,510
X-26 Total liabilitiesStart of year $1,233,891$1,672,670
X-27 Net assets without donor restrictionsStart of year $1,670,965$1,999,539
X-28 Net assets with donor restrictionsStart of year $2,898,134$3,142,415
X-32 Total net assets or fund balancesStart of year $4,569,099$5,141,954
X-33 Total liabilities and net assetsStart of year $5,802,990$6,814,624
Part XI · Reconciliation of net assets $5,141,954 net assets at year end
XI-1 Total revenue$2,991,079
XI-2 Total expenses$2,782,582
XI-3 Revenue less expenses$208,497
XI-4 Net assets at start of year$4,569,099
XI-5 Net unrealized gains (losses) on investments−$113,171
XI-9 Other changes in net assets$477,529
XI-10 Net assets at end of year$5,141,954

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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