4 Elements Studio INC EIN 83-4550059 Form 990 (PDF) Claim this org

4 Elements Studio INC FY2023 filing

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Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).


Offers community arts workshops, gallery space, and resources for artists and individuals with disabilities. For fiscal year 2023 it reported $340K in revenue, $366K in expenses, and $109K in net assets.Pt I

Founded
2019
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Utica, NY
Website
4elementsstudio.org
Filings
6 on file (2020–2023)
Revenue
$340KFY2023
Expenses
$366K
Net assets
$109K
People
5
Filings
6
Updates
0
More identity details & actions ⌄
EIN  83-4550059 Public charity (501(c)(3)) Utica, NY Founded 2019
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers community arts workshops, gallery space, and resources for artists and individuals with disabilities.
Leadership
Vartan Poghosian · Education Di · $62K
Money in and out
$340K revenue, $366K expenses
Bottom line
99% program efficiency
Where the money goes · FY2023
Total revenue
$340K
Pt VIII · Ln 12
Total expenses
$366K
Pt IX · Ln 25
Net assets
$109K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$26K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.00 Fundraising $0.01
Program efficiency
99%
of spending reaches programs
Operating runway
3.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$340K
FY2023▼ -7%
Expenses
$366K
FY2023▲ +6%
Total assets
$119K
FY2023▼ -7%
Total liabilities
$10K
FY2023▲ +679%
Revenue less expensesPt I · Ln 19−$26K
Total assetsPt X · Ln 16$119K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item C4 Elements Studio INC
EINHdr · item D83-4550059
Principal addressHdr · item CUtica, NY
WebsiteHdr · item J4elementsstudio.org
Year of formationHdr · item L2019
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A51)
Ruling yearIRS BMFNov 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
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
Education Di
$61,510Pt VII · Sec A
Director
$51,557Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Vartan Poghosian’s $64K as Founder is at the 59th percentile of top reported officer pay among 2216 $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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Vartan Poghosian$63,585$61,510$61,509$57,127$54,241
Dana Kelsey$62,854$62,000$51,557
Holly Flitcroft$10,608$29,892

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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Mission & Programs · Part III

Where the work happens

1 program service account for $279K of program spending, described in the organization's own filed words · FY2023.
01

4 elements studio is a community arts center dedicated to engaging and educating the community through a range of artistic experiences and programming. We strive to provide opportunities and resources to artists, the community and individuals with a wide spectrum of disabilities by offering workshops, gallery space, exhibitions, work…

$279Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$218K · 64%
Contributions & grants$122K · 36%
Program service revenue64%$218K
Contributions & grants36%$122K
Investment income$36
— government grantsLn 1e$50K
Total revenueLn 12$340K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.00 Fundraising $0.01
Program services99%$362K
Management & general$689
Fundraising1%$2K
Total functional expensesLn 25$366K

Balance Sheet

Part X · end of year
CashLn 1$40K
Total assetsLn 16$119K
Total liabilitiesLn 26$10K
Total net assetsLn 32$109K
Months of cash on handcomputed1.3

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $94K · Operating expenses/yr $366K
3.1 months
Where the money goes
Program services
Program services $362K · Total expenses $366K
99%
Management & General
Management & general $689 · Total expenses $366K
0.2%
Fundraising
Fundraising $2K · Total expenses $366K
0.7%
Cost to raise $1
Fundraising expense (3-yr avg) $825 · Solicited contributions (3-yr avg) $55K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $122K · Total revenue $340K
36%
Government reliance
Government grants $50K · Total revenue $340K
15%
Earned-income share
Program service revenue $218K · Total revenue $340K
64%
Investment reliance
Investment income $36 · Total revenue $340K
+0.01%
Program self-sufficiency
Program service revenue $218K · Total expenses $366K
60%
Growth & trend
Revenue growth (YoY)
This year $340K · Prior year $366K
-7%
Net-asset trend (YoY)
End of year $109K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $340K · Expenses $366K
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $119K
Net-asset ratio
Net assets $109K · Total assets $119K
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $54K · Total assets (Pt X, ln 16) $119K
45%
People & payroll
Highest Reported Total Compensation
Individual Vartan Poghosian · Reported title EDUCATION DI · Highest reported compensation $62K · Total expenses $366K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $252K · Total expenses $366K
69%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 0.2%
Fundraising cost ratio 2%
Revenue growth -7%
Investment management fee ratio 0.3%
Accounting fee ratio 1%
Fundraising fee ratio 0.7%

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 4 funders →

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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
FY2025 (Latest)$426K revenue · ⤓ 990 PDF
FY2024$483K revenue · ⤓ 990 PDF
FY2023$340K revenue · viewing · ⤓ 990 PDF
FY2022$366K revenue · ⤓ 990 PDF
FY2021$335K revenue · ⤓ 990 PDF
FY2020$152K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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