The Peace Studio INC

Tax-deductible

New York, NY501(c)(3)Arts & CultureEIN 26-0385592

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Develop artists and journalists who seek to inspire hope and catalyze transformative social change. The Peace Studio does this by encouraging self-reflection, holding educational intensives and summits, giving out awards, funding fellowships and micro-grants, and creating content that showcases the best of humanity.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Run by 20 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
2 of 4
filings with a surplus
Average surplus $33K a year · 4% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$75K
to officers and key staff · 15% of spending
Top officer’s pay higher than 70% of similar orgs
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $419K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$553K
-23% vs prior year
Spent
$516K
To programs
74%
Net assets
$182K
By yearFY2020–FY2024
Revenue
$553K
FY2024▼ -23%
Revenue by fiscal year
FY2020$187K
FY2021$1.6M
FY2022$547K
FY2023$717K
FY2024$553K
Expenses
$516K
FY2024▼ -36%
Expenses by fiscal year
FY2020Not on file
FY2021$766K
FY2022$1.2M
FY2023$801K
FY2024$516K
Net assets
$182K
FY2024▲ +26%
Net assets by fiscal year
FY2020$50K
FY2021$854K
FY2022$229K
FY2023$145K
FY2024$182K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2008.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $382K Management & general 19% · $100K Fundraising 7% · $34K

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

12 people listed on the 990; $75K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$75,000Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Thomas West’s $75K as Executive Director is at the 70th 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

NameFY2024FY2023FY2022FY2021
Thomas West$75,000$100,000$100,000$84,167

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 The Peace Studio INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowering artists and journalists to inspire hope and drive social change through education, funding, and showcasing humanity.

Provided by the organization

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2 program services account for $382K of program spending, described in the organization's own filed words · FY2024.
01

The peace studio fellowship supports the work of exceptional, U.S. Based artists and journalists whose work builds bridges and seeks a positive impact on society. The program comes with $10,000 for each fellow to work on a peacebuilding project, access to the peace studio's skills for creative peacebuilding curriculum, and intensive…

$279Kprogram expense
02

The peace studio's artist as catalyst program is an immersive, week-long experience for emerging artists, ages 18-26, who are interested in making a positive social impact with their art. 40 young catalysts are selected each year to partake in studio classes, keynote conversations, and interactive workshops on the themes of artistry…

$103Kprogram expense

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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 10 funders →
Grants paid · 6 grants · $337K · 2022–2024
Unitemized GrantFY2024$67,500
Unitemized GrantFY2024$11,500
Unitemized GrantFY2023$125,000
Unitemized GrantFY2023$2,000
Unitemized GrantFY2022$130,000
Unitemized GrantFY2022$1,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$553K
Ln 12
Gifts and grantsLn 1h$553K
Investment incomeLn 3$134
Money outPt IX
$516K
Ln 25
Programscol B$382K
Managementcol C$100K
Fundraisingcol D$34K
Owns and owesPt X
$182K
net assets · Ln 32
Cash and savingsLn 1–2$184K
Total assetsLn 16$184K
LiabilitiesLn 26$1K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$553K
Government grantsLn 1e$250
Investment incomeLn 3$134
Total revenueLn 12$553K
Assets in detailPt X, end of year
CashLn 1$184K
Cash and savings togetherLn 1–2$184K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$184K
LiabilitiesLn 26$1K
Net assetsLn 32$182K
OperationsPt I, VI
EmployeesI 52
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$146K$184K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$146K$184K
LiabilitiesLn 26$2K$1K
Net assetsLn 32$145K$182K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$79K$79K
Pay of current officers, directors and key staffLn 5$75K$52K$17K$6K
Other salaries and wagesLn 7$50K$34K$11K$4K
Payroll taxesLn 10$10K$7K$2K$806
Accounting feesLn 11c$23K$16K$5K$2K
Advertising and promotionLn 12$6K$4K$1K$465
Office expensesLn 13$8K$6K$2K$630
TravelLn 17$34K$24K$8K$3K
InsuranceLn 23$15K$10K$3K$1K
Other expenses (24a–d)Ln 24$189K$131K$43K$15K
All other expensesLn 24e$27K$19K$6K$2K
Total functional expensesLn 25$516K$382K$100K$34K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $553K$516K$37K$182K 990 PDF
FY2023 $717K$801K−$84K$145K 990 PDF
FY2022 $547K$1.2M−$625K$229K 990 PDF
FY2021 $1.6M$766K$804K$854K 990 PDF
FY2020 $187K$50K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $552,938 across 5 lines filed
VIII-1e Government grants$250
VIII-1f All other contributions, gifts and grants$552,554
VIII-1h Total contributions, gifts and grants$552,804
VIII-3 Investment incomeUnrelated business $134$134
VIII-12 Total revenueRelated to mission $0 · Unrelated business $134 · Excluded from tax $0$552,938
Part IX · Statement of functional expenses $515,534 across 11 lines filed
IX-2 Grants to domestic individualsPrograms $79,000$79,000
IX-5 Pay of current officers, directors and key staffPrograms $52,050 · Management $17,100 · Fundraising $5,850$75,000
IX-7 Other salaries and wagesPrograms $34,469 · Management $11,324 · Fundraising $3,874$49,667
IX-10 Payroll taxesPrograms $7,172 · Management $2,356 · Fundraising $806$10,334
IX-11c Accounting feesPrograms $15,830 · Management $5,201 · Fundraising $1,780$22,811
IX-12 Advertising and promotionPrograms $4,136 · Management $1,359 · Fundraising $465$5,960
IX-13 Office expensesPrograms $5,601 · Management $1,840 · Fundraising $630$8,071
IX-17 TravelPrograms $23,622 · Management $7,759 · Fundraising $2,655$34,036
IX-23 InsurancePrograms $10,212 · Management $3,355 · Fundraising $1,148$14,715
IX-24 Other expenses (24a–d)Programs $131,030 · Management $43,049 · Fundraising $14,729$188,808
IX-24e All other expensesPrograms $18,705 · Management $6,325 · Fundraising $2,102$27,132
IX-25 Total functional expensesPrograms $381,827 · Management $99,668 · Fundraising $34,039$515,534
Part X · Balance sheet $183,781 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $146,483$183,781
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $146,483$183,781
X-17 Accounts payable and accrued expensesStart of year $1,538$1,432
X-26 Total liabilitiesStart of year $1,538$1,432
X-27 Net assets without donor restrictionsStart of year $144,945$182,349
X-32 Total net assets or fund balancesStart of year $144,945$182,349
X-33 Total liabilities and net assetsStart of year $146,483$183,781
Part XI · Reconciliation of net assets $182,349 net assets at year end
XI-1 Total revenue$552,938
XI-2 Total expenses$515,534
XI-3 Revenue less expenses$37,404
XI-4 Net assets at start of year$144,945
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$182,349

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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