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Studio Group Incorporated EIN 51-6015694 Form 990 (PDF) Claim this org

Studio Group Incorporated FY2021 filing

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Studio Group Incorporated is an arts and culture nonprofit based in Wilmington, DE. For fiscal year 2021 it reported $29K in revenue, $51K in expenses, and $457K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Wilmington, DE
Website
www.howardpylestudio.org
Filings
5 on file (2021–2021)
Revenue
$29KFY2021
Expenses
$51K
Net assets
$457K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  51-6015694 Public charity (501(c)(3)) Wilmington, DE
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
an arts and culture nonprofit
Leadership
Trina Gardner · President
Money in and out
$29K revenue, $51K expenses
Bottom line
83% program efficiency
Where the money goes · FY2021
Total revenue
$29K
Pt VIII · Ln 12
Total expenses
$51K
Pt IX · Ln 25
Net assets
$457K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$22K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.17
Program efficiency
83%
of spending reaches programs
Operating runway
71.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-75%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$29K
FY2021
Expenses
$51K
FY2021
Total assets
$457K
FY2021
Total liabilities
$300
FY2021
Total revenue
$29K
Pt VIII · Ln 12
Total expenses
$51K
Pt IX · Ln 25
Net assets
$457K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$22K
Total assetsPt X · Ln 16$457K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 337
Independent voting membersPt I · Ln 437

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CStudio Group Incorporated
EINHdr · item D51-6015694
Principal addressHdr · item CWilmington, DE
WebsiteHdr · item Jwww.howardpylestudio.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MDE
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A82Z)
Ruling yearIRS BMFOct 1963

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a37
Independent voting membersPt VI · Ln 1b37
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
Trina Gardner
President
$0Pt VII · Sec A
Betsy Greer
Vice President
$0Pt VII · Sec A
Michelle Foster
Asst Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Bonnie Frawley
Recording Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Holly Clouser
Vice President
$0Pt VII · Sec A
See Studio Group Incorporated executive salaries →

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Mission & Programs · Part III

Where the work happens

2 program services account for $35K of program spending, described in the organization's own filed words · FY2020.
01

Historical preservation of site housing artwork and tours provided by appointment. While promoting local area artists

$35Kprogram expense
02

Community sponsored art exhibits

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$14K · 47%
Investment income$9K · 31%
Other revenue$5K · 18%
Program service revenue$1K · 4%
Contributions & grants47%$14K
Investment income31%$9K
Other revenue18%$5K
Program service revenue4%$1K
Total revenueLn 12$29K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.17
Program services83%$43K
Management & general17%$9K
Total functional expensesLn 25$51K

Balance Sheet

Part X · end of year
CashLn 1$8K
Total assetsLn 16$457K
Total liabilitiesLn 26$300
Total net assetsLn 32$457K
Months of cash on handcomputed1.8

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $304K · Operating expenses/yr $51K
71.2 months
Where the money goes
Program services
Program services $43K · Total expenses $51K
83%
Management & General
Management & general $9K · Total expenses $51K
17%
Fundraising
Fundraising $0 · Total expenses $51K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $14K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $14K · Total revenue $29K
47%
Government reliance
Government grants — · Total revenue $29K
—
Earned-income share
Program service revenue $1K · Total revenue $29K
4%
Investment reliance
Investment income $9K · Total revenue $29K
+31%
Program self-sufficiency
Program service revenue $1K · Total expenses $51K
2%
Growth & trend
Revenue growth (YoY)
This year $29K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $457K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $29K · Expenses $51K
-75%
Liabilities-to-Assets
Total liabilities — · Total assets $457K
—
Net-asset ratio
Net assets $457K · Total assets $457K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $297K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $457K
65%
People & payroll
Highest Reported Total Compensation
Individual Trina Gardner · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $51K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $51K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%——
Overhead ratio 17%——
Fundraising cost ratio 0%——
Accounting fee ratio 2%——

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 · FY2021
Delaware Community Foundation INCFY2021$10K
Total grants receivedfrom 1 funder$10K

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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)$16K revenue · ⤓ 990 PDF
FY2024$15K revenue · ⤓ 990 PDF
FY2023$42K revenue · ⤓ 990 PDF
FY2022$92K revenue · ⤓ 990 PDF
FY2021$29K 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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