The Studio 620 INC FY2022 filing

Tax-deductible

St Petersburg, FL501(c)(3)Since 2004EIN 52-2398308Revenue $420K in FY2022

On file with the IRSthestudioat620.org620 1st Ave S, 33701-4120 · St Petersburg, FLTax-exempt since Oct 2004Publicly supported charity — 170(b)(1)(A)(vi)

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Our mission is to ignite cultural vibrancy, incubate artistic expression and foster a creative workforce through the exploration of stroytelling, society, and technology

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$88K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $340K a year · 47% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$88K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $70K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$887
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$420K
+90% vs prior year
Spent
$328K
To programs
90%
Net assets
$107K
By yearFY2021–FY2024
Revenue
$420K
FY2022▲ +90%
Tap a bar for its year
Revenue by fiscal year
FY2021$221K
FY2022$420K
FY2023$376K
FY2024$1.9M
FY2024$423K
Expenses
$328K
FY2022▲ +79%
Tap a bar for its year
Expenses by fiscal year
FY2021$183K
FY2022$328K
FY2023$433K
FY2024$576K
FY2024$416K
Net assets
$107K
FY2022▲ +581%
Tap a bar for its year
Net assets by fiscal year
FY2021$16K
FY2022$107K
FY2023$50K
FY2024$1.4M
FY2024$1.4M

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $294K Management & general 9% · $30K Fundraising 1% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $88K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Managing Dir
$51,385Pt VII · Sec A
Artistic Dir
$36,469Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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.

See The Studio 620 INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers innovative artistic and educational programs, bringing diverse people together for new cultural experiences.

Provided by the organization

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3 programs · $294K · in their own filed words · FY2021
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.

$226Kprogram expense
02

Visual Emerging Artists

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

$62Kprogram expense
03

Non Profit Facility Use

Various non profits use the organizations facility for community events to help their causes.

$6Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$70K
Grants paid · 7 grants · $297K · 2023–2024
Individual RecipientFY2024$83,403
Individual RecipientFY2024$48,807
Individual RecipientFY2024$16,938
Individual RecipientFY2023$74,777
Individual RecipientFY2023$31,200
Individual RecipientFY2023$27,361
Individual RecipientFY2023$14,361

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$420K
Ln 12
Gifts and grantsLn 1h$265K
Fees for servicesLn 2g$124K
Other incomeLn 4–11$31K
Money outPt IX
$328K
Ln 25
Programscol B$294K
Managementcol C$30K
Fundraisingcol D$4K
Owns and owesPt X
$107K
net assets · Ln 32
Cash and savingsLn 1–2$106K
Total assetsLn 16$108K
LiabilitiesLn 26$887
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$265K
Government grantsLn 1e$119K
Fees for servicesLn 2g$124K
Other incomeLn 4–11$31K
Total revenueLn 12$420K
Assets in detailPt X, end of year
CashLn 1$106K
Cash and savings togetherLn 1–2$106K
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$720
Total assetsLn 16$108K
LiabilitiesLn 26$887
Net assetsLn 32$107K
OperationsPt I, VI
EmployeesI 56
VolunteersI 67
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$75K$106K
Land, buildings, equipmentLn 10c$2K$2K
Total assetsLn 16$78K$108K
LiabilitiesLn 26$62K$887
Net assetsLn 32$16K$107K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$125K$123K$2K
Payroll taxesLn 10$10K$10K$537
Other fees for servicesLn 11g$91K$80K$8K$3K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$3K$1K$2K
OccupancyLn 16$57K$44K$13K
TravelLn 17$2K$2K
Depreciation, depletion and amortizationLn 22$521$521
InsuranceLn 23$3K$2K$1K
Other expenses (24a–d)Ln 24$24K$23K$1K
All other expensesLn 24e$9K$5K$4K
Total functional expensesLn 25$328K$294K$30K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.9M$576K$1.3M$1.4M 990 PDF
FY2023 $376K$433K−$57K$50K 990 PDF
FY2022 Viewing $420K$328K$92K$107K 990 PDF
FY2021 $221K$183K$37K$16K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $419,800 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $151,846$265,011
I-9 Program service revenuePrior year $39,988$123,813
I-10 Investment incomePrior year $13$0
I-11 Other revenuePrior year $28,700$30,976
I-12 Total revenuePrior year $220,547$419,800
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $100,846$135,783
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $82,534$192,368
I-18 Total expensesPrior year $183,380$328,151
I-19 Revenue less expensesPrior year $37,167$91,649
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $419,800 across 7 lines filed
VIII-1b Membership dues$13,004
VIII-1e Government grants$119,238
VIII-1f All other contributions, gifts and grants$132,769
VIII-1h Total contributions, gifts and grants$265,011
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $123,813$123,813
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $30,976$30,976
VIII-12 Total revenueRelated to mission $154,789$419,800
Part IX · Statement of functional expenses $328,151 across 11 lines filed
IX-7 Other salaries and wagesPrograms $123,499 · Management $1,808$125,307
IX-10 Payroll taxesPrograms $9,939 · Management $537$10,476
IX-11g Other fees for servicesPrograms $80,013 · Management $7,764 · Fundraising $3,030$90,807
IX-12 Advertising and promotionPrograms $2,535$2,535
IX-13 Office expensesPrograms $1,486 · Management $1,864$3,350
IX-16 OccupancyPrograms $43,778 · Management $12,728$56,506
IX-17 TravelPrograms $2,465$2,465
IX-22 Depreciation, depletion and amortizationPrograms $521$521
IX-23 InsurancePrograms $2,127 · Management $1,372$3,499
IX-24 Other expenses (24a–d)Programs $22,841 · Fundraising $1,194$24,035
IX-24e All other expensesPrograms $5,122 · Management $3,528$8,650
IX-25 Total functional expensesPrograms $294,326 · Management $29,601 · Fundraising $4,224$328,151
Part X · Balance sheet $108,297 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $74,659$105,630
X-10c Land, buildings and equipment, netStart of year $2,469$1,947
X-15 Other assetsStart of year $720$720
X-16 Total assetsStart of year $77,848$108,297
X-17 Accounts payable and accrued expensesStart of year $728$887
X-26 Total liabilitiesStart of year $62,087$887
X-27 Net assets without donor restrictionsStart of year $15,761$107,410
X-32 Total net assets or fund balancesStart of year $15,761$107,410
X-33 Total liabilities and net assetsStart of year $77,848$108,297
Part XI · Reconciliation of net assets $107,410 net assets at year end
XI-1 Total revenue$419,800
XI-2 Total expenses$328,151
XI-3 Revenue less expenses$91,649
XI-4 Net assets at start of year$15,761
XI-10 Net assets at end of year$107,410

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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