Parallel Studios INC FY2021 filing
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Presents a media arts festival, offering accessible experiences and educational tours. For fiscal year 2021 it reported $287K in revenue, $254K in expenses, and $82K in net assets.Pt I
Summary of the Filing
Where the work happens
The "currents" Exhibition
Parallel studios presents it's current news media festival for a ten day period each june in santa fe, new mexico. It offers the community at large the chance to experience the latest in new media arts in an open and non-intimidating environment.
Youth Media Makers
Parallel studios has staff visit schools providing media programs and training to youth. This is a year round program. Due to the pandemic we were unable to visit the schools in 2020.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Frank Ragano’s $28K as Executive Di is at the 23rd 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 · 2 named individuals · Part VII
| Name | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|
| Frank Ragano | $27,720 | $32,912 | $31,392 | $24,934 |
| Mariannah Amster | $10,560 | $15,840 | $20,028 | $20,956 |
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
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 85% | — | — |
| Overhead ratio | 10% | — | — |
| Fundraising cost ratio | 5% | — | — |
| Revenue growth | 75% | — | — |
| 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
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