Radiant Hall Studios EIN 47-1234840

Radiant Hall Studios

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Provides and protects studio spaces for artists. For fiscal year 2024 it reported $642K in revenue, $588K in expenses, and $243K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Pittsburgh, PA
Website
www.radianthall.com
Filings
5 on file (2020–2024)
Revenue
$642KFY2024
Expenses
$588K
Net assets
$243K
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-1234840 Public charity (501(c)(3)) Pittsburgh, PA
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides and protects studio spaces for artists.
Leadership
Marina Balko · Executive Director · $83K
Money in and out
$642K revenue, $588K expenses
Bottom line
72% program efficiency
Where the money goes · FY2024
Total revenue
$642K
Pt VIII · Ln 12
Total expenses
$588K
Pt IX · Ln 25
Net assets
$243K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $54K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.16 Fundraising $0.12
Program efficiency
72%
of spending reaches programs▲ +16% vs prior filing year
Operating runway
2.8mo
months of highly liquid reserves at operating expense rate▼ -26% vs prior filing year
Surplus margin
+8%
revenue over expenses, this year▲ +72% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$642K
FY2024▲ +2%
Expenses
$588K
FY2024▼ -2%
Total assets
$937K
FY2024▲ +72%
Total liabilities
$694K
FY2024▲ +96%
Total revenue
$642K
Pt VIII · Ln 12
Total expenses
$588K
Pt IX · Ln 25
Net assets
$243K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$54K
Total assetsPt X · Ln 16$937K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service account for $422K of program spending, described in the organization's own filed words · FY2024.
01

To create membership-based art studios to provide artists an environment in which to work, learn, and thrive. The program assistsed at least 126 artists in 2024.

$422Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRadiant Hall Studios
EINHdr · item D47-1234840
Principal addressHdr · item CPittsburgh, PA
WebsiteHdr · item Jwww.radianthall.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A90)
Ruling yearIRS BMFMay 2015

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 13No
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
$82,615Pt VII · Sec A
Managing Director
$65,115Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary - Begin July 2024
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Marina Balko’s $83K as Executive Director is at the 77th 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 · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Marina Balko$82,615$80,429$69,192
Shanae Phillips$65,115$61,591$54,080$55,580$55,580
Ryan Lammie$55,580
Ryan Lammie 121 - 921$29,293
Marina Balko 921 -$17,500

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

Part VIII
Contributions & grants$637K · 99%
Other revenue$5K · 1%
Contributions & grants99%$637K
Other revenue1%$5K
— government grantsLn 1e$55K
Total revenueLn 12$642K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.16 Fundraising $0.12
Program services72%$422K
Management & general16%$94K
Fundraising12%$72K
Total functional expensesLn 25$588K

Balance Sheet

Part X · end of year
CashLn 1$137K
Total assetsLn 16$937K
Total liabilitiesLn 26$694K
Total net assetsLn 32$243K
Months of cash on handcomputed2.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $137K · Operating expenses (Pt IX) $588K · Less non-cash grants $2K · Cash operating expenses/yr $586K
2.8 months
Where the money goes
Program services
Program services $422K · Total expenses $588K
72%
Management & General
Management & general $94K · Total expenses $588K
16%
Fundraising
Fundraising $72K · Total expenses $588K
12%
Cost to raise $1
Fundraising expense (3-yr avg) $75K · Solicited contributions (3-yr avg) $545K
$0.14 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $637K · Total revenue $642K
99%
Government reliance
Government grants $55K · Total revenue $642K
9%
Earned-income share
Program service revenue $0 · Total revenue $642K
0%
Investment reliance
Investment income $0 · Total revenue $642K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $588K
0%
Growth & trend
Revenue growth (YoY)
This year $642K · Prior year $629K
+2%
Revenue CAGR
FY2020 $341K · FY2024 $642K
+17%
Net-asset trend (YoY)
End of year $243K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $642K · Expenses $588K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $937K
Net-asset ratio
Net assets $243K · Total assets $937K
26%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $937K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Marina Balko · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $83K · Total expenses $588K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $243K · Total expenses $588K
41%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 16%
Fundraising cost ratio 11%
Revenue growth 2%
Accounting fee ratio 4%

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
Total grants receivedfrom 5 funders$63K
See all 5 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
FY2024 (Latest)$642K revenue · viewing · ⤓ 990 PDF
FY2023$629K revenue · ⤓ 990 PDF
FY2022$517K revenue · ⤓ 990 PDF
FY2021$432K revenue · ⤓ 990 PDF
FY2020$341K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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