To provide the bay area with a visual arts center and embrace creative educational activites involving the community.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$58K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
3 of 5
filings with a surplus
Average deficit $13K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$58K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
10 mo
of spending, in cash
Looks good: 9.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $86K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$36K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$369K
-13% vs prior year
Spent
$428K
To programs
85%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$369K
FY2023▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2020$307K
FY2021$401K
FY2022$422K
FY2023$369K
FY2024$369K
Expenses
$428K
FY2023▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$295K
FY2021$374K
FY2022$417K
FY2023$428K
FY2024$417K
Net assets
$1.2M
FY2023▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$1.2M
FY2023$1.2M
FY2024$1.1M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1963.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $363K Management & general 13% · $56K Fundraising 2% · $9K

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

13 people listed on the 990; $58K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$58,000Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Megan Koch’s $62K as Executive Director is at the 57th percentile of top reported officer pay among 2216 $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

NameFY2024FY2023FY2022FY2021FY2020
Megan Koch$62,030$58,000$13,385——
Tara Welch——$27,873$57,792$57,166

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 23 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 15aYes

Programs and updates

Offers a visual arts center and creative educational activities for the Bay Area community.

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Provided by the organization

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1 program · $363K · in their own filed words · FY2023
01

Studio 23 has two grand exhibit spaces where the works of local, statewide, and national artists are exhibited throughout the year. We hold multiple cultural and various medium exhibits including digital photography, traditional black and white photography, painting, sculpture, and printmaking.

$363Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$86K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$369K
Ln 12
Fees for servicesLn 2g$168K
Gifts and grantsLn 1h$168K
Other incomeLn 4–11$32K
Money outPt IX
$428K
Ln 25
Programscol B$363K
Managementcol C$56K
Fundraisingcol D$9K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$340K
Total assetsLn 16$1.2M
LiabilitiesLn 26$36K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$168K
Fees for servicesLn 2g$168K
Investment incomeLn 3$926
Other incomeLn 4–11$32K
Total revenueLn 12$369K
Assets in detailPt X, end of year
CashLn 1$17K
SavingsLn 2$323K
Cash and savings togetherLn 1–2$340K
InvestmentsLn 11–13$17K
Land, buildings, equipmentLn 10c$672K
Other assetsLn 15$55K
Total assetsLn 16$1.2M
LiabilitiesLn 26$36K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 56
VolunteersI 634
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$375K$340K
InvestmentsLn 11–13$16K$17K
Land, buildings, equipmentLn 10c$716K$672K
Total assetsLn 16$1.2M$1.2M
LiabilitiesLn 26$35K$36K
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$58K$20K$29K$9K
Other salaries and wagesLn 7$120K$113K$7K
Payroll taxesLn 10$13K$9K$3K$616
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$13K$12K$785
OccupancyLn 16$16K$15K$958
TravelLn 17$296$296
Conferences, conventions and meetingsLn 19$5K$5K$320
Depreciation, depletion and amortizationLn 22$47K$44K$3K
InsuranceLn 23$7K$6K$397
Other expenses (24a–d)Ln 24$116K$115K$536
All other expensesLn 24e$23K$17K$6K
Total functional expensesLn 25$428K$363K$56K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $369K$417K−$49K$1.1M 990 PDF
FY2023 Viewing $369K$428K−$59K$1.2M 990 PDF
FY2022 $422K$417K$5K$1.2M 990 PDF
FY2021 $401K$374K$27K$1.2M 990 PDF
FY2020 $307K$295K$12K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $368,779 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $191,793$167,913
I-9 Program service revenuePrior year $198,445$168,136
I-10 Investment incomePrior year $678$926
I-11 Other revenuePrior year $30,919$31,804
I-12 Total revenuePrior year $421,835$368,779
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $165,462$190,979
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $251,748$236,928
I-18 Total expensesPrior year $417,210$427,907
I-19 Revenue less expensesPrior year $4,625−$59,128
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $368,779 across 7 lines filed
VIII-1f All other contributions, gifts and grants$167,913
VIII-1h Total contributions, gifts and grants$167,913
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $168,136$168,136
VIII-3 Investment incomeExcluded from tax $926$926
VIII-8 Net income from fundraising eventsExcluded from tax $19,073$19,073
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,169 · Excluded from tax $6,562$12,731
VIII-12 Total revenueRelated to mission $174,305 · Unrelated business $0 · Excluded from tax $26,561$368,779
Part IX · Statement of functional expenses $427,907 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $20,300 · Management $29,000 · Fundraising $8,700$58,000
IX-7 Other salaries and wagesPrograms $113,137 · Management $7,222$120,359
IX-10 Payroll taxesPrograms $9,441 · Management $2,563 · Fundraising $616$12,620
IX-11c Accounting feesManagement $4,551$4,551
IX-12 Advertising and promotionPrograms $4,933$4,933
IX-13 Office expensesPrograms $12,317 · Management $785$13,102
IX-16 OccupancyPrograms $15,008 · Management $958$15,966
IX-17 TravelManagement $296$296
IX-19 Conferences, conventions and meetingsPrograms $5,014 · Management $320$5,334
IX-22 Depreciation, depletion and amortizationPrograms $44,500 · Management $2,840$47,340
IX-23 InsurancePrograms $6,222 · Management $397$6,619
IX-24 Other expenses (24a–d)Programs $115,291 · Management $536$115,827
IX-24e All other expensesPrograms $16,524 · Management $6,436$22,960
IX-25 Total functional expensesPrograms $362,687 · Management $55,904 · Fundraising $9,316$427,907
Part X · Balance sheet $1,186,109 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $16,498$17,123
X-2 Savings and temporary cash investmentsStart of year $358,529$322,954
X-3 Pledges and grants receivableStart of year $86,028$97,095
X-4 Accounts receivableStart of year $2,862$4,738
X-10c Land, buildings and equipment, netStart of year $716,197$672,258
X-11 Publicly traded securitiesStart of year $16,358$16,981
X-15 Other assetsStart of year $48,449$54,960
X-16 Total assetsStart of year $1,244,921$1,186,109
X-17 Accounts payable and accrued expensesStart of year $19,845$21,420
X-19 Deferred revenueStart of year $12,339$14,120
X-26 Total liabilitiesStart of year $35,294$35,540
X-27 Net assets without donor restrictionsStart of year $1,196,127$1,116,056
X-28 Net assets with donor restrictionsStart of year $13,500$34,513
X-32 Total net assets or fund balancesStart of year $1,209,627$1,150,569
X-33 Total liabilities and net assetsStart of year $1,244,921$1,186,109
Part XI · Reconciliation of net assets $1,150,569 net assets at year end
XI-1 Total revenue$368,779
XI-2 Total expenses$427,907
XI-3 Revenue less expenses−$59,128
XI-4 Net assets at start of year$1,209,627
XI-5 Net unrealized gains (losses) on investments$70
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,150,569

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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