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Marshall High Studios EIN 33-1441160

Marshall High Studios

EIN  33-1441160 Public charity (501(c)(3)) Mars Hill, NC Founded 2025
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Size
$1–10M
What they do
an arts and culture nonprofit
Leadership
Anne Rawson · Vice-Chair · $37K
Money in and out
$2.5M revenue, $219K expenses
Bottom line
67% program efficiency

Marshall High Studios is an arts and culture nonprofit based in Mars Hill, NC, formed in 2025. For fiscal year 2025 it reported $2.5M in revenue, $219K in expenses, and $2.3M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$2.5M
Pt VIII · Ln 12
Total expenses
$219K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.3M
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.33 Fundraising $0.00
Program efficiency
67%
of spending reaches programs
Surplus margin
+91%
revenue over expenses, this year
Donor-funded
96%
of revenue is gifts & grants

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total revenue
$2.5M
Pt VIII · Ln 12
Total expenses
$219K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.3M
Total assetsPt X · Ln 16$2.3M
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $146K of program spending, described in the organization's own filed words · FY2025.
01

Restoration and renovation of donated facility heavily damaged by Hurricane Helene floodwaters.

$115Kprogram expense
02

Leased studio space to individual artists.

$24Kprogram expense
03

Provided space to community groups for mission-related events.

$7Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMarshall High Studios
EINHdr · item D33-1441160
Principal addressHdr · item CMars Hill, NC
WebsiteHdr · item Jwww.marshallhighstudios.com
Year of formationHdr · item L2025
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A90)
Ruling yearIRS BMFJan 2025

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
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
Anne Rawson
Vice-Chair
$36,765Pt VII · Sec A
Rob Pulleyn
Chairman
$0Pt VII · Sec A
Betty Hurst
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Charles Rice
Director
$0Pt VII · Sec A
Asia Suler
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$2.4M · 96%
Program service revenue$91K · 4%
Contributions & grants96%$2.4M
Program service revenue4%$91K
Total revenueLn 12$2.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.33 Fundraising $0.00
Program services67%$146K
Management & general33%$72K
Fundraising$1K
Total functional expensesLn 25$219K

Balance Sheet

Part X · end of year
CashLn 1$211K
Total assetsLn 16$2.3M
Total liabilitiesLn 26$12K
Total net assetsLn 32$2.3M
Months of cash on handcomputed11.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $211K · Operating expenses (Pt IX) $219K · Less non-cash grants $2.1M · Cash operating expenses/yr $-1.9M
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $146K · Total expenses $219K
67%
Management & General
Management & general $72K · Total expenses $219K
33%
Fundraising
Fundraising $1K · Total expenses $219K
0%
Cost to raise $1
Fundraising expense $1K · Solicited contributions $2.4M
$0.00 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $2.4M · Total revenue $2.5M
96%
Government reliance
Government grants $0 · Total revenue $2.5M
0%
Earned-income share
Program service revenue $91K · Total revenue $2.5M
4%
Investment reliance
Investment income $0 · Total revenue $2.5M
0%
Program self-sufficiency
Program service revenue $91K · Total expenses $219K
42%
Growth & trend
Revenue growth (YoY)
This year $2.5M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $2.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.5M · Expenses $219K
+91%
Liabilities-to-Assets
Total liabilities — · Total assets $2.3M
—
Net-asset ratio
Net assets $2.3M · Total assets $2.3M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $2.3M
0%
People & payroll
Highest Reported Total Compensation
Individual Anne Rawson · Reported title Vice-Chair · Highest reported compensation $37K · Total expenses $219K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $69K · Total expenses $219K
32%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 67%——
Overhead ratio 33%——
Fundraising cost 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.

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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)$2.5M revenue · viewing · ⤓ 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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