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Studio Ace EIN 81-4109420

Studio Ace

EIN  81-4109420 Public charity (501(c)(3)) Oceanside, CA
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Size
$100K–1M
What they do
Offers art classes, festivals, and activities for youth and elementary school programs.
Leadership
Julia Fister · Director · $50K
Money in and out
$282K revenue, $356K expenses
Bottom line
54% program efficiency

Offers art classes, festivals, and activities for youth and elementary school programs. For fiscal year 2024 it reported $282K in revenue, $356K in expenses, and $41K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$282K
Pt VIII · Ln 12
Total expenses
$356K
Pt IX · Ln 25
Net assets
$41K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$74K
Where spending went · Part IX cols B–D
Program services $0.54 Management & general $0.46
Program efficiency
54%
of spending reaches programs▲ +28% vs prior filing year
Operating runway
1.6mo
months of highly liquid reserves at operating expense rate▼ -64% vs prior filing year
Surplus margin
-26%
revenue over expenses, this year▼ -229% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$282K
FY2024▼ -3%
Expenses
$356K
FY2024▲ +14%
Total assets
$49K
FY2024▼ -59%
Total liabilities
$9K
FY2024▲ +71%
Total revenue
$282K
Pt VIII · Ln 12
Total expenses
$356K
Pt IX · Ln 25
Net assets
$41K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$74K
Total assetsPt X · Ln 16$49K
Program-expense ratioPt IX · col B54%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $189K of program spending, described in the organization's own filed words · FY2024.
01

Art Camp and Classes -- Studio ACE provides free or low cost art camps and classes from Toddlers to Seniors

$155Kprogram expense
02

Valley Arts Festival-- The purpose of the festival is to present a celebration of the arts and culture of Oceanside and its first peoples, known as the San Luis Rey Band of Mission Indians, one of the seven tribes of the Luiseo nation

$22Kprogram expense
03

Oceanside Art Walk

$12Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CStudio Ace
EINHdr · item D81-4109420
Principal addressHdr · item COceanside, CA
WebsiteHdr · item Jwww.studioace.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20)
Ruling yearIRS BMFOct 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1bpending
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
Julia Fister
Director
$50,000Pt VII · Sec A
Kevin Shin
President
$0Pt VII · Sec A
Linda Kallas
Secretary
$0Pt VII · Sec A
Terri Zimdars
Vice President
$0Pt VII · Sec A

Julia Fister’s $50K as Director is at the 44th percentile of top reported officer pay among 2213 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2023FY2022FY2021FY2020FY2019
Julia Fister$50,000$50,000$51,500$41,400——
Julia Fister————$40,000$40,000

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$217K · 77%
Program service revenue$63K · 22%
Investment income$2K · 1%
Contributions & grants77%$217K
Program service revenue22%$63K
Investment income1%$2K
Total revenueLn 12$282K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.54 Management & general $0.46
Program services54%$193K
Management & general46%$163K
Total functional expensesLn 25$356K

Balance Sheet

Part X · end of year
CashLn 1$49K
Total assetsLn 16$49K
Total liabilitiesLn 26$9K
Total net assetsLn 32$41K
Months of cash on handcomputed1.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $49K · Operating expenses/yr $356K
1.6 months
Where the money goes
Program services
Program services $193K · Total expenses $356K
54%
Management & General
Management & general $163K · Total expenses $356K
46%
Fundraising
Fundraising $0 · Total expenses $356K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $220K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $217K · Total revenue $282K
77%
Government reliance
Government grants — · Total revenue $282K
—
Earned-income share
Program service revenue $63K · Total revenue $282K
22%
Investment reliance
Investment income $2K · Total revenue $282K
+1%
Program self-sufficiency
Program service revenue $63K · Total expenses $356K
18%
Growth & trend
Revenue growth (YoY)
This year $282K · Prior year $289K
-3%
Revenue CAGR
FY2019 $206K · FY2024 $282K
+7%
Net-asset trend (YoY)
End of year $41K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $282K · Expenses $356K
-26%
Liabilities-to-Assets
Total liabilities — · Total assets $49K
—
Net-asset ratio
Net assets $41K · Total assets $49K
82%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $49K
0%
People & payroll
Highest Reported Total Compensation
Individual Julia Fister · Reported title Director · Highest reported compensation $50K · Total expenses $356K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $162K · Total expenses $356K
45%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 54%——
Overhead ratio 46%——
Fundraising cost ratio 0%——
Revenue growth -3%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 1%——
Fundraising fee ratio 0%——

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
National Philanthropic TrustFY2024$8K
Total grants receivedfrom 1 funder$8K

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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 (Latest)$282K revenue · viewing · ⤓ 990 PDF
FY2023$289K revenue · ⤓ 990 PDF
FY2022$294K revenue · ⤓ 990 PDF
FY2021$242K revenue · ⤓ 990 PDF
FY2020$182K revenue · ⤓ 990 PDF
FY2019$206K 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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