Washington Studio School INC EIN 52-1345165

Washington Studio School INC

Not yet claimed Claim this org →

Teaches drawing, painting, and sculpture to develop students' personal artistic vision. For fiscal year 2024 it reported $975K in revenue, $977K in expenses, and $463K in net assets.Pt I

Founded
1991
Type
Public charity (501(c)(3)) · Nonprofit
Location
Washington, DC
Website
www.washingtonstudioschool.org
Filings
5 on file (2020–2024)
Revenue
$975KFY2024
Expenses
$977K
Net assets
$463K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  52-1345165 Public charity (501(c)(3)) Washington, DC Founded 1991
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Washington Studio School INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Teaches drawing, painting, and sculpture to develop students' personal artistic vision.
Leadership
Reem Bassous · Executive Artisitc Director · $113K
Money in and out
$975K revenue, $977K expenses
Bottom line
87% program efficiency
Where the money goes · FY2024
Total revenue
$975K
Pt VIII · Ln 12
Total expenses
$977K
Pt IX · Ln 25
Net assets
$463K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$2K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13 Fundraising $0.01
Program efficiency
87%
of spending reaches programs▲ +30% vs prior filing year
Operating runway
5.1mo
months of highly liquid reserves at operating expense rate▼ -11% vs prior filing year
Surplus margin
-0.2%
revenue over expenses, this year▲ +94% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$975K
FY2024▲ +28%
Expenses
$977K
FY2024▲ +24%
Total assets
$574K
FY2024▲ +20%
Total liabilities
$111K
FY2024▲ +736%
Total revenue
$975K
Pt VIII · Ln 12
Total expenses
$977K
Pt IX · Ln 25
Net assets
$463K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$2K
Total assetsPt X · Ln 16$574K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $847K of program spending, described in the organization's own filed words · FY2024.
01

We teach how to see and create through drawing, painting, printmaking and sculpture. We offer classes, workshops, exhibitions and programs to engage, connect and bring people together with a fresh approach to studio art. We encourage artists to grow, explore, learn together and create art that is personal and relevant.

$847Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWashington Studio School INC
EINHdr · item D52-1345165
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.washingtonstudioschool.org
Year of formationHdr · item L1991
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1986

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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 Artisitc Director
$113,427Pt VII · Sec A
Former Board Member
$9,885Pt VII · Sec A
Former Treasurer
$6,120Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Reem Bassous$113,427
Brian Kelley$9,885$13,668$14,749$11,409$11,009$6,145
Paul Pietsch$6,120$6,714$6,446
David Ibata$300$3,090
Melvin Nesbitt JR$1,157

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 Washington Studio School INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Program service revenue$567K · 58%
Contributions & grants$408K · 42%
Program service revenue58%$567K
Contributions & grants42%$408K
— government grantsLn 1e$118K
Total revenueLn 12$975K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13 Fundraising $0.01
Program services87%$847K
Management & general13%$124K
Fundraising1%$6K
Total functional expensesLn 25$977K

Balance Sheet

Part X · end of year
CashLn 1$404K
Total assetsLn 16$574K
Total liabilitiesLn 26$111K
Total net assetsLn 32$463K
Months of cash on handcomputed5.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $404K · Operating expenses (Pt IX) $977K · Less non-cash grants $35K · Cash operating expenses/yr $942K
5.1 months
Where the money goes
Program services
Program services $847K · Total expenses $977K
87%
Management & General
Management & general $124K · Total expenses $977K
13%
Fundraising
Fundraising $6K · Total expenses $977K
0.6%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $166K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $408K · Total revenue $975K
42%
Government reliance
Government grants $118K · Total revenue $975K
12%
Earned-income share
Program service revenue $567K · Total revenue $975K
58%
Investment reliance
Investment income $0 · Total revenue $975K
0%
Program self-sufficiency
Program service revenue $567K · Total expenses $977K
58%
Growth & trend
Revenue growth (YoY)
This year $975K · Prior year $764K
+28%
Revenue CAGR
FY2019 $606K · FY2024 $975K
+10%
Net-asset trend (YoY)
End of year $463K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $975K · Expenses $977K
-0.2%
Liabilities-to-Assets
Total liabilities — · Total assets $574K
Net-asset ratio
Net assets $463K · Total assets $574K
81%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $574K
0%
People & payroll
Highest Reported Total Compensation
Individual Reem Bassous · Reported title Executive Artisitc Director · Highest reported compensation $113K · Total expenses $977K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $516K · Total expenses $977K
53%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 13%
Fundraising cost ratio 1%
Revenue growth 28%

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
See all 3 funders →

Similar Organizations

Closest in mission — by what they do
See all organizations like Washington Studio School INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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$764K revenue · ⤓ 990 PDF
FY2023$754K revenue · ⤓ 990 PDF
FY2022$715K revenue · ⤓ 990 PDF
FY2021$574K revenue · ⤓ 990 PDF
FY2020$606K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

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

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.