The Studio 620 INC EIN 52-2398308

The Studio 620 INC

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Offers innovative artistic and educational programs, bringing diverse people together for new cultural experiences. For fiscal year 2024 it reported $423K in revenue, $416K in expenses, and $1.4M in net assets.Pt I

Founded
2004
Type
Public charity (501(c)(3)) · Nonprofit
Location
St Petersburg, FL
Website
www.thestudioat620.org
Filings
4 on file (2021–2024)
Revenue
$423KFY2024
Expenses
$416K
Net assets
$1.4M
People
10
Filings
4
Updates
0
More identity details & actions ⌄
EIN  52-2398308 Public charity (501(c)(3)) St Petersburg, FL Founded 2004
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers innovative artistic and educational programs, bringing diverse people together for new cultural experiences.
Leadership
Dexter Fabian · Director
Money in and out
$423K revenue, $416K expenses
Bottom line
71% program efficiency
Where the money goes · FY2024
Total revenue
$423K
Pt VIII · Ln 12
Total expenses
$416K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $7K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.29
Program efficiency
71%
of spending reaches programs▲ +9% vs prior filing year
Operating runway
1.8mo
months of highly liquid reserves at operating expense rate▲ +125% vs prior filing year
Surplus margin
+2%
revenue over expenses, this year▼ -98% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$423K
FY2024▼ -77%
Expenses
$416K
FY2024▼ -28%
Total assets
$1.9M
FY2024+0.1%
Total liabilities
$562K
FY2024▼ -0.9%
Total revenue
$423K
Pt VIII · Ln 12
Total expenses
$416K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$7K
Total assetsPt X · Ln 16$1.9M
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

3 program services account for $294K of program spending, described in the organization's own filed words · FY2024.
01

Performing Emerging Arts

Artists (musicians, plays, poetry reading) can show their work. These emerging performing artists would be able to be shown otherwise. Admission is charged to cover costs. Midtown through our eyes is a one month part of this purpose. No admission is charged.

$221Kprogram expense
02

Visuals Emerging Artists

Art is displayed and sold for artists that would not be able to show anywhere else.

$59Kprogram expense
03

Non Profit Facility Use

Various non profits use the organizations help their causes.

$15Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Studio 620 INC
EINHdr · item D52-2398308
Principal addressHdr · item CSt Petersburg, FL
WebsiteHdr · item Jwww.thestudioat620.org
Year of formationHdr · item L2004
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFOct 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
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
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Robert Devin Jones$70,000$65,000$36,469$33,100
Marcus Welby$68,500$65,000$51,385

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$270K · 64%
Program service revenue$152K · 36%
Contributions & grants64%$270K
Program service revenue36%$152K
Investment income$935
— government grantsLn 1e$137K
Total revenueLn 12$423K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.29
Program services71%$294K
Management & general29%$122K
Total functional expensesLn 25$416K

Balance Sheet

Part X · end of year
CashLn 1$63K
Total assetsLn 16$1.9M
Total liabilitiesLn 26$562K
Total net assetsLn 32$1.4M
Months of cash on handcomputed1.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $63K · Operating expenses/yr $416K
1.8 months
Where the money goes
Program services
Program services $294K · Total expenses $416K
71%
Management & General
Management & general $122K · Total expenses $416K
29%
Fundraising
Fundraising $0 · Total expenses $416K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $561K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $270K · Total revenue $423K
64%
Government reliance
Government grants $137K · Total revenue $423K
32%
Earned-income share
Program service revenue $152K · Total revenue $423K
36%
Investment reliance
Investment income $935 · Total revenue $423K
+0.2%
Program self-sufficiency
Program service revenue $152K · Total expenses $416K
36%
Growth & trend
Revenue growth (YoY)
This year $423K · Prior year $1.9M
-77%
Revenue CAGR
FY2020 $221K · FY2024 $423K
+18%
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $423K · Expenses $416K
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $1.9M
Net-asset ratio
Net assets $1.4M · Total assets $1.9M
71%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.9M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dexter Fabian · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $416K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $110K · Total expenses $416K
26%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 29%
Revenue growth -77%

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$70K
Grants paid · 7 grants · $297K · 2023–2024
Government GrantFY2024$83,403
Government GrantFY2024$48,807
Government GrantFY2024$16,938
Government GrantFY2023$74,777
Government GrantFY2023$31,200
Government GrantFY2023$27,361
Government GrantFY2023$14,361

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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$1.9M revenue · ⤓ 990 PDF
FY2023$376K revenue · ⤓ 990 PDF
FY2022$420K revenue · ⤓ 990 PDF
FY2021$221K 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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