Studio Two Three EIN 27-0876594

Studio Two Three FY2019 filing

EIN  27-0876594 Public charity (501(c)(3)) Richmond, VA
Form 990 (PDF)
You’re viewing the FY2019 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Studio Two Three claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Empowers artists to create art and drive social change through community printmaking and shared resources.
Leadership
Ashley Hawkins · Executive Director · $79K
Money in and out
$526K revenue, $600K expenses
Bottom line
88% program efficiency

Empowers artists to create art and drive social change through community printmaking and shared resources. For fiscal year 2019 it reported $526K in revenue, $600K in expenses, and $118K in net assets.Pt I

Where the money goes · FY2019
Total revenue
$526K
Pt VIII · Ln 12
Total expenses
$600K
Pt IX · Ln 25
Net assets
$118K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$75K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.04 Fundraising $0.09
Program efficiency
88%
of spending reaches programs
Operating runway
0.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2019 · Form 990
Revenue
$526K
FY2019
Expenses
$600K
FY2019
Total assets
$225K
FY2019
Total liabilities
$107K
FY2019
Total revenue
$526K
Pt VIII · Ln 12
Total expenses
$600K
Pt IX · Ln 25
Net assets
$118K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$75K
Total assetsPt X · Ln 16$225K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

3 program services account for $506K of program spending, described in the organization's own filed words · FY2019.
01

Community Print Shop & Artist Membership

As a community art organization, we believe deeply in the power of printmaking to amplify the voices, stories and perspectives of our community. Printmaking is an accessible, affordable means of mass production, and tool for civic engagement.

$391Kprogram expense
02

Workshops & Education

Studio Two Three offers a variety of community classes community classes and workshops throughout the year in printmaking, photography, and other art techniques. Classes are offered on a sliding scale, with scholarship spots available for those in need of financial assistance.

$83Kprogram expense
03

Community Printmaking

Studio Two Three brings its mobile print truck into the community in support for free community printmaking activities. The truck visits festivals, nonprofits, community events, and collaborates with arts and activist communities working on social justice issues in the City of Richmond and beyond.

$32Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CStudio Two Three
EINHdr · item D27-0876594
Principal addressHdr · item CRichmond, VA
WebsiteHdr · item Jwww.studiotwothree.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A30)
Ruling yearIRS BMFMar 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
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
Executive Director
$79,000Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Ashley Hawkins’s $76K as Executive Di is at the 71st percentile of top reported officer pay among 2212 $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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2019
Ashley Hawkins$75,962$79,000$79,000
Ashley Hawkins$79,000

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 Studio Two Three executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Program service revenue$269K · 51%
Contributions & grants$132K · 25%
Other revenue$125K · 24%
Program service revenue51%$269K
Contributions & grants25%$132K
Other revenue24%$125K
Investment income$4
— government grantsLn 1e$14K
Total revenueLn 12$526K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.04 Fundraising $0.09
Program services88%$527K
Management & general4%$22K
Fundraising9%$51K
Total functional expensesLn 25$600K

Balance Sheet

Part X · end of year
CashLn 1$42K
Total assetsLn 16$225K
Total liabilitiesLn 26$107K
Total net assetsLn 32$118K
Months of cash on handcomputed0.8

Financial Metrics

Form 990 · FY2019 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $42K · Operating expenses/yr $600K
0.8 months
Where the money goes
Program services
Program services $527K · Total expenses $600K
88%
Management & General
Management & general $22K · Total expenses $600K
4%
Fundraising
Fundraising $51K · Total expenses $600K
9%
Cost to raise $1
Fundraising expense $51K · Solicited contributions $118K
$0.43 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $132K · Total revenue $526K
25%
Government reliance
Government grants $14K · Total revenue $526K
3%
Earned-income share
Program service revenue $269K · Total revenue $526K
51%
Investment reliance
Investment income $4 · Total revenue $526K
0%
Program self-sufficiency
Program service revenue $269K · Total expenses $600K
45%
Growth & trend
Revenue growth (YoY)
This year $526K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $118K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $526K · Expenses $600K
-14%
Liabilities-to-Assets
Total liabilities — · Total assets $225K
Net-asset ratio
Net assets $118K · Total assets $225K
52%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $225K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Ashley Hawkins · Reported title Executive Director · Highest reported compensation $79K · Total expenses $600K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $211K · Total expenses $600K
35%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 4%
Fundraising cost ratio 39%
Accounting fee ratio 0%

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 · FY2025
Total grants receivedfrom 1 funder$350

Similar Organizations

Closest in mission — by what they do
See all organizations like Studio Two Three →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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)$696K revenue · ⤓ 990 PDF
FY2023$732K revenue · ⤓ 990 PDF
FY2022$1.5M revenue · ⤓ 990 PDF
FY2021$781K revenue · ⤓ 990 PDF
FY2020not on file
FY2019$526K revenue · viewing · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2019IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.