Clay Studio EIN 23-7380408

Clay Studio

EIN  23-7380408 Public charity (501(c)(3)) Philadelphia, PA Founded 1974
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/18/26 · see original filing: IRS
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Size
$1–10M
What they do
Teaches ceramic arts to all levels, interests, and financial means.
Leadership
Jennifer Martin · Executive Di · $150K
Money in and out
$6.9M revenue, $4.3M expenses
Bottom line
75% program efficiency

Teaches ceramic arts to all levels, interests, and financial means. For fiscal year 2025 it reported $6.9M in revenue, $4.3M in expenses, and $16.3M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$6.9M
Pt VIII · Ln 12
Total expenses
$4.3M
Pt IX · Ln 25
Net assets
$16.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.6M
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.16 Fundraising $0.09
Program efficiency
75%
of spending reaches programs▲ +6% vs prior filing year
Operating runway
57.9mo
months of highly liquid reserves at operating expense rate▲ +342% vs prior filing year
Surplus margin
+37%
revenue over expenses, this year▲ +37% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$6.9M
FY2025▲ +29%
Expenses
$4.3M
FY2025▲ +11%
Total assets
$28.9M
FY2025▲ +6%
Total liabilities
$12.6M
FY2025▼ -8%
Total revenue
$6.9M
Pt VIII · Ln 12
Total expenses
$4.3M
Pt IX · Ln 25
Net assets
$16.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.6M
Total assetsPt X · Ln 16$28.9M
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 323
Independent voting membersPt I · Ln 423
Mission & Programs · Part III

Where the work happens

3 program services account for $2.4M of program spending, described in the organization's own filed words · FY2024.
01

The artist-in-residence program, a vital creative engine at the clay studio, has been a cornerstone of our institution since its inception in 1974. This foundational program, partially supported by an endowment, offers 12 funded fellowships, studio space, shared resources, and mentoring from our professional staff.

$1.2Mprogram expense
02

Claymobile, our community engagement program, brings a "pop-up" ceramics studio to schools, older adult facilities, community centers, events, and social service agencies throughout philadelphia. Since 1994, our professional teaching artists have served 50,000 children.

$710Kprogram expense
03

The gallery and exhibitions program at the clay studio is a vibrant platform that annually showcases the work of over 300 local, national, and international ceramic artists. We curate and present multiple exhibitions, including solo and group shows, in our galleries, and host lectures, panel discussions, and artist talks.

$430Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CClay Studio
EINHdr · item D23-7380408
Principal addressHdr · item CPhiladelphia, PA
WebsiteHdr · item Jwww.theclaystudio.org
Year of formationHdr · item L1974
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A400)
Ruling yearIRS BMFSep 1979

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a23
Independent voting membersPt VI · Ln 1b23
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Di
$150,362Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Governance C
$0Pt VII · Sec A
Deai Committ
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Jennifer Martin’s $150K as Executive Di is at the 67th percentile of top reported officer pay among 3916 $1–10M 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jennifer Martin$150,362$130,264$104,480$116,919$95,362$93,277
Kevin Snipes$4,040

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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Statement of Revenue

Part VIII
Contributions & grants$4.7M · 68%
Program service revenue$1.8M · 26%
Investment income$339K · 5%
Other revenue$90K · 1%
Contributions & grants68%$4.7M
Program service revenue26%$1.8M
Investment income5%$339K
Other revenue1%$90K
— government grantsLn 1e$50K
Total revenueLn 12$6.9M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.16 Fundraising $0.09
Program services75%$3.2M
Management & general16%$685K
Fundraising9%$404K
Total functional expensesLn 25$4.3M

Balance Sheet

Part X · end of year
CashLn 1$1.1M
Total assetsLn 16$28.9M
Total liabilitiesLn 26$12.6M
Total net assetsLn 32$16.3M
Months of cash on handcomputed2.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $7.0M · Operating expenses (Pt IX) $4.3M · Less non-cash grants $2.9M · Cash operating expenses/yr $1.4M
57.9 months
Where the money goes
Program services
Program services $3.2M · Total expenses $4.3M
75%
Management & General
Management & general $685K · Total expenses $4.3M
16%
Fundraising
Fundraising $404K · Total expenses $4.3M
9%
Cost to raise $1
Fundraising expense (3-yr avg) $381K · Solicited contributions (3-yr avg) $2.9M
$0.13 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $4.7M · Total revenue $6.9M
68%
Government reliance
Government grants $50K · Total revenue $6.9M
1%
Earned-income share
Program service revenue $1.8M · Total revenue $6.9M
26%
Investment reliance
Investment income $339K · Total revenue $6.9M
+5%
Program self-sufficiency
Program service revenue $1.8M · Total expenses $4.3M
41%
Growth & trend
Revenue growth (YoY)
This year $6.9M · Prior year $5.3M
+29%
Revenue CAGR
FY2019 $4.1M · FY2024 $6.9M
+11%
Net-asset trend (YoY)
End of year $16.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $6.9M · Expenses $4.3M
+37%
Liabilities-to-Assets
Total liabilities — · Total assets $28.9M
Net-asset ratio
Net assets $16.3M · Total assets $28.9M
57%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $5.9M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $28.9M
20%
People & payroll
Highest Reported Total Compensation
Individual Jennifer Martin · Reported title EXECUTIVE DI · Highest reported compensation $150K · Total expenses $4.3M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.8M · Total expenses $4.3M
42%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 16%
Fundraising cost ratio 9%
Revenue growth 29%
Investment management fee ratio 0%
Accounting fee ratio 2%

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 · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 2 grants · $205K · 2021–2024
Unitemized GrantFY2024$29,503
The Clay Studio Holdings INCPA · FY2021$175,612

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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
FY2025 (Latest)$6.9M revenue · viewing · ⤓ 990 PDF
FY2024$5.3M revenue · ⤓ 990 PDF
FY2023$5.5M revenue · ⤓ 990 PDF
FY2022$9.9M revenue · ⤓ 990 PDF
FY2021$2.6M revenue · ⤓ 990 PDF
FY2020$4.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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