Open Studio Project INC EIN 36-3894275 Form 990 (PDF) Claim this org

Open Studio Project INC FY2021 filing

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Develops creative talents, reaches at-risk children, and raises awareness of social issues. For fiscal year 2021 it reported $230K in revenue, $249K in expenses, and $7K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Evanston, IL
Website
www.openstudioproject.org
Filings
5 on file (2021–2021)
Revenue
$230KFY2021
Expenses
$249K
Net assets
$7K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  36-3894275 Public charity (501(c)(3)) Evanston, IL
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Develops creative talents, reaches at-risk children, and raises awareness of social issues.
Leadership
Dayna Block · President
Money in and out
$230K revenue, $249K expenses
Bottom line
76% program efficiency
Where the money goes · FY2021
Total revenue
$230K
Pt VIII · Ln 12
Total expenses
$249K
Pt IX · Ln 25
Net assets
$7K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$20K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.19 Fundraising $0.05
Program efficiency
76%
of spending reaches programs
Operating runway
5.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$230K
FY2021
Expenses
$249K
FY2021
Total assets
$107K
FY2021
Total liabilities
$100K
FY2021
Total revenue
$230K
Pt VIII · Ln 12
Total expenses
$249K
Pt IX · Ln 25
Net assets
$7K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$20K
Total assetsPt X · Ln 16$107K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COpen Studio Project INC
EINHdr · item D36-3894275
Principal addressHdr · item CEvanston, IL
WebsiteHdr · item Jwww.openstudioproject.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A40Z)
Ruling yearIRS BMFMay 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Rob Lentz’s $69K as Executive Di is at the 63rd percentile of top reported officer pay among 2213 $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

NameFY2025FY2024
Rob Lentz$69,250$66,000

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.

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Mission & Programs · Part III

Where the work happens

3 program services account for $188K of program spending, described in the organization's own filed words · FY2020.
01

Workshops and classes in visual and written creative arts for participants of all ages and backgrounds.Classes are designed to help participants connect with their creativity in an enjoyable,safe atmosphere,to gain wisdom,clarity and a sense of personal empowerment.

$113Kprogram expense
02

Community Outreach program for at risk populations. Includes onsite and offsite after school programs for middle and high school children from low income families.Also served teenagers in court-mandated programs for substance abuse,and parents and children living in shelters

$75Kprogram expense
03

Gallery 901-an exhibition venue.Increase awareness around pressing social issues to a diverse audience, exhibit artists to celebrate the positive impact of the creative arts.Audiences are encouraged to respond to exhibits by creating artwork of their own in in house studio.

$771program expense

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Statement of Revenue

Part VIII
Contributions & grants$136K · 59%
Program service revenue$76K · 33%
Other revenue$17K · 8%
Contributions & grants59%$136K
Program service revenue33%$76K
Other revenue8%$17K
Investment income$8
— government grantsLn 1e$20K
Total revenueLn 12$230K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.19 Fundraising $0.05
Program services76%$188K
Management & general19%$48K
Fundraising5%$13K
Total functional expensesLn 25$249K

Balance Sheet

Part X · end of year
CashLn 1$106K
Total assetsLn 16$107K
Total liabilitiesLn 26$100K
Total net assetsLn 32$7K
Months of cash on handcomputed5.1

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $106K · Operating expenses/yr $249K
5.1 months
Where the money goes
Program services
Program services $188K · Total expenses $249K
76%
Management & General
Management & general $48K · Total expenses $249K
19%
Fundraising
Fundraising $13K · Total expenses $249K
5%
Cost to raise $1
Fundraising expense $13K · Solicited contributions $116K
$0.11 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $136K · Total revenue $230K
59%
Government reliance
Government grants $20K · Total revenue $230K
9%
Earned-income share
Program service revenue $76K · Total revenue $230K
33%
Investment reliance
Investment income $8 · Total revenue $230K
<0.01%
Program self-sufficiency
Program service revenue $76K · Total expenses $249K
30%
Growth & trend
Revenue growth (YoY)
This year $230K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $7K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $230K · Expenses $249K
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $107K
Net-asset ratio
Net assets $7K · Total assets $107K
7%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $107K
0%
People & payroll
Highest Reported Total Compensation
Individual Dayna Block · Reported title President · Highest reported compensation $0 · Total expenses $249K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $73K · Total expenses $249K
29%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 19%
Fundraising cost ratio 10%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.3%
Fundraising 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 · FY2024
See all 9 funders →

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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)$439K revenue · ⤓ 990 PDF
FY2024$405K revenue · ⤓ 990 PDF
FY2023$425K revenue · ⤓ 990 PDF
FY2022$426K revenue · ⤓ 990 PDF
FY2021$230K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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