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Studio for the Arts INC

IRS exemption revoked

Pocahontas, ARUnknown exempt organization EIN 58-2067022Revenue $55K in FY2020Latest filing we have: 2020. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSPocahontas, AR

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To encourage participation in the performing arts.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 58-2067022) · Dispute this line
87¢ of each $1 spent went to programs.
Run by 20 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
The IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest Form 990
The latest return is for FY2020, 6 tax years back.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $24K a year · 37% of revenue · last 2 filings
A surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
87%
of spending
87% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
1.9 mo
of spending, in cash
1.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$91K
11% of total assets
Liabilities are 11% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$55K
-25% vs prior year
Spent
$85K
To programs
87%
Net assets
$776K
By yearFY2019–FY2020
Revenue
$55K
FY2020▼ -25%
Tap a bar for its year
Revenue by fiscal year
FY2019$73K
FY2020$55K
Expenses
$85K
FY2020▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2019$91K
FY2020$85K
Net assets
$776K
FY2020▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2019$805K
FY2020$776K

From the FY2020 Form 990 · see the original

990 PDF Support Claim
IRS revoked this organization's tax-exempt status on May 15, 2024

Is it real?

No. The IRS revoked its tax exemption. Latest filing we have: FY2020.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $74K Management & general 11% · $9K Fundraising 3% · $2K

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

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Jason Kelly
President
$0Pt VII · Sec A
Floyd Coonce
Board Member
$0Pt VII · Sec A
Barb Bourgeret
Vice President
$0Pt VII · Sec A
Eli Murry
Board Member
$0Pt VII · Sec A
Jim Lukerboard
Board Member
$0Pt VII · Sec A
Jeremy Turner
Board Member
$0Pt VII · Sec A
Andee Evers
Executive Director
$0Pt VII · Sec A
See Studio for the Arts INC executive salaries →

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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Encourages people to get involved in performing arts.

Questions for Studio for the Arts INC

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2 programs · $74K · in their own filed words · FY2020
01

Dinner theater productions.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 58-2067022) · Dispute this line
$59Kprogram expense
02

Classes in the Arts

dance, drama, visual arts, music.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 58-2067022) · Dispute this line
$15Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$55K
Ln 12
Fees for servicesLn 2g$35K
Gifts and grantsLn 1h$11K
Other incomeLn 4–11$9K
Money outPt IX
$85K
Ln 25
Programscol B$74K
Managementcol C$9K
Fundraisingcol D$2K
Owns and owesPt X
$776K
net assets · Ln 32
Cash and savingsLn 1–2$14K
Total assetsLn 16$867K
LiabilitiesLn 26$91K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11K
Fees for servicesLn 2g$35K
Other incomeLn 4–11$9K
Total revenueLn 12$55K
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$11K
Cash and savings togetherLn 1–2$14K
Loans to officers and key peopleLn 5$9K
Loans to other insidersLn 6$2K
Land, buildings, equipmentLn 10c$843K
Total assetsLn 16$867K
LiabilitiesLn 26$91K
Net assetsLn 32$776K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$12K$14K
Land, buildings, equipmentLn 10c$880K$843K
Total assetsLn 16$901K$867K
LiabilitiesLn 26$96K$91K
Net assetsLn 32$805K$776K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$6K$6K$0$0
OccupancyLn 16$11K$10K$300$1K
TravelLn 17$2K$1K$54$900
InterestLn 20$5K$4K$756$0
Depreciation, depletion and amortizationLn 22$38K$31K$8K$0
InsuranceLn 23$5K$5K$367$0
Other expenses (24a–d)Ln 24$17K$16K$101$351
Total functional expensesLn 25$85K$74K$9K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest ViewingFiled with the IRS Oct 11, 2021 $55K$85K−$30K$776K 990 PDF
FY2019Filed with the IRS Oct 11, 2021 $73K$91K−$17K$805K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $54,662 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,159$11,000
I-9 Program service revenuePrior year $63,671$34,685
I-10 Investment incomePrior year $13$0
I-11 Other revenuePrior year $1,500$8,977
I-12 Total revenuePrior year $73,343$54,662
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$6,448
I-16a Professional fundraising fees$0
I-17 Other expenses$78,667
I-18 Total expenses$85,115
I-19 Revenue less expensesPrior year $73,343−$30,453
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $54,662 across 4 lines filed
Lines not itemized here account for $8,977 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$11,000
VIII-1h Total contributions, gifts and grants$11,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$34,685
VIII-12 Total revenueRelated to mission $43,662 · Unrelated business $0 · Excluded from tax $0$54,662
Part IX · Statement of functional expenses $85,115 across 7 lines filed
IX-7 Other salaries and wagesPrograms $6,448 · Management $0 · Fundraising $0$6,448
IX-16 OccupancyPrograms $10,099 · Management $300 · Fundraising $1,000$11,399
IX-17 TravelPrograms $1,000 · Management $54 · Fundraising $900$1,954
IX-20 InterestPrograms $4,000 · Management $756 · Fundraising $0$4,756
IX-22 Depreciation, depletion and amortizationPrograms $30,800 · Management $7,632 · Fundraising $0$38,432
IX-23 InsurancePrograms $5,000 · Management $367 · Fundraising $0$5,367
IX-24 Other expenses (24a–d)Programs $16,307 · Management $101 · Fundraising $351$16,759
IX-25 Total functional expensesPrograms $73,654 · Management $9,210 · Fundraising $2,251$85,115
Part X · Balance sheet $867,494 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $6,292$2,536
X-2 Savings and temporary cash investmentsStart of year $6,120$10,994
X-5 Loans to officers and key peopleStart of year $5,000$9,200
X-6 Loans to other insidersStart of year $3,446$1,527
X-10c Land, buildings and equipment, netStart of year $880,071$843,237
X-16 Total assetsStart of year $900,929$867,494
X-23 Secured mortgages and notes payableStart of year $95,799$91,219
X-26 Total liabilitiesStart of year $95,799$91,219
X-27 Net assets without donor restrictionsStart of year $805,130$776,275
X-32 Total net assets or fund balancesStart of year $805,130$776,275
X-33 Total liabilities and net assetsStart of year $900,929$867,494
Part XI · Reconciliation of net assets $776,275 net assets at year end
XI-1 Total revenue$54,662
XI-2 Total expenses$85,115
XI-3 Revenue less expenses−$30,453
XI-4 Net assets at start of year$805,130
XI-10 Net assets at end of year$776,275

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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