Side by Side Studio EIN 47-1843740 Form 990 (PDF) Claim this org

Side by Side Studio FY2024 filing

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Promotes joyful learning, compassion, and peace through art for Louisville youth and families. For fiscal year 2024 it reported $212K in revenue, $228K in expenses, and $88K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Louisville, KY
Website
www.sidebysidestudio.com
Filings
6 on file (2020–2024)
Revenue
$212KFY2024
Expenses
$228K
Net assets
$88K
People
7
Filings
6
Updates
0
More identity details & actions ⌄
EIN  47-1843740 Public charity (501(c)(3)) Louisville, KY
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Promotes joyful learning, compassion, and peace through art for Louisville youth and families.
Leadership
Kim Frazier-Pirog · Executive Director · $48K
Money in and out
$212K revenue, $228K expenses
Bottom line
90% program efficiency
Where the money goes · FY2024
Total revenue
$212K
Pt VIII · Ln 12
Total expenses
$228K
Pt IX · Ln 25
Net assets
$88K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$16K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.06 Fundraising $0.04
Program efficiency
90%
of spending reaches programs
Operating runway
4.4mo
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 2024 · Form 990
Revenue
$212K
FY2024▲ +32%
Expenses
$228K
FY2024▲ +36%
Total assets
$108K
FY2024▼ -40%
Total liabilities
$20K
FY2024▼ -34%
Total revenue
$212K
Pt VIII · Ln 12
Total expenses
$228K
Pt IX · Ln 25
Net assets
$88K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$16K
Total assetsPt X · Ln 16$108K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSide by Side Studio
EINHdr · item D47-1843740
Principal addressHdr · item CLouisville, KY
WebsiteHdr · item Jwww.sidebysidestudio.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MKY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A90)
Ruling yearIRS BMFFeb 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
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
$47,999Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretarytreasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Kim Frazier-Pirog’s $48K as Executive Director is at the 42nd 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

NameFY2024FY2022FY2021
Kim Frazier-Pirog$47,999$42,796$41,600

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

1 program service account for $205K of program spending, described in the organization's own filed words · FY2024.
01

To provide enrichment to the lives of the community by having a studio open and outreach programs actively working with youth and families in Louisville communities to promote joyful learning, compassion, peace, and education and youth advocacy through the vehicle of art.

$205Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$121K · 57%
Contributions & grants$90K · 43%
Program service revenue57%$121K
Contributions & grants43%$90K
Other revenue$546
Total revenueLn 12$212K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.06 Fundraising $0.04
Program services90%$205K
Management & general6%$14K
Fundraising4%$8K
Total functional expensesLn 25$228K

Balance Sheet

Part X · end of year
CashLn 1$83K
Total assetsLn 16$108K
Total liabilitiesLn 26$20K
Total net assetsLn 32$88K
Months of cash on handcomputed4.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $83K · Operating expenses/yr $228K
4.4 months
Where the money goes
Program services
Program services $205K · Total expenses $228K
90%
Management & General
Management & general $14K · Total expenses $228K
6%
Fundraising
Fundraising $8K · Total expenses $228K
4%
Cost to raise $1
Fundraising expense (2-yr avg) $7K · Solicited contributions (2-yr avg) $117K
$0.06 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $90K · Total revenue $212K
43%
Government reliance
Government grants — · Total revenue $212K
Earned-income share
Program service revenue $121K · Total revenue $212K
57%
Investment reliance
Investment income $0 · Total revenue $212K
0%
Program self-sufficiency
Program service revenue $121K · Total expenses $228K
53%
Growth & trend
Revenue growth (YoY)
This year $212K · Prior year $161K
+32%
Revenue CAGR
FY2020 $113K · FY2024 $212K
+17%
Net-asset trend (YoY)
End of year $88K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $212K · Expenses $228K
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $108K
Net-asset ratio
Net assets $88K · Total assets $108K
82%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $108K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kim Frazier-Pirog · Reported title Executive Director · Highest reported compensation $48K · Total expenses $228K
21%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $150K · Total expenses $228K
66%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 6%
Fundraising cost ratio 9%
Revenue growth 32%

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 2 funders$83K

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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)$207K revenue · ⤓ 990 PDF
FY2024$212K revenue · viewing · ⤓ 990 PDF
FY2023$161K revenue · ⤓ 990 PDF
FY2022$255K revenue · ⤓ 990 PDF
FY2021$166K revenue · ⤓ 990 PDF
FY2020$113K 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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