Nonprofit · EIN 26-1859468
THE STUDIO
Tax-exempt · CENTREVILLE, AL 35042
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $113,674 | $117,254 | -$3,580 | $12,198 | $2,326 | $9,872 |
| December 31, 2023 | 990-EZ | $84,348 | $94,924 | -$10,576 | $15,164 | $1,712 | $13,452 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $8,476
- Program service revenue
- $98,274
- Investment income
- $6,000
- Other revenue
- $924
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $27,759
- Professional fees and payments to contractors
- $9,731
- Occupancy
- $20,703
- Printing, publications and postage
- $185
- Other expenses
- $58,876
- Program services (functional)
- $116,372
Balance sheet and other
- Total assets, start of year
- $15,164
- Total assets, end of year
- $12,198
- Total liabilities, end of year
- $2,326
- Net assets, end of year
- $9,872
- Cash, savings and investments
- $6,553
- Land and buildings
- $5,645
- Gross receipts
- $113,674
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN B WAITS | PRESIDENT | 2 | $0 |
| RACHEL WAITS | DIRECTOR/OPERATIONS | 15 | $0 |
990-EZ for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN B WAITS | PRESIDENT | 2 | $0 |
| RACHEL WAITS | DIRECTOR/OPERATIONS | 15 | $0 |
Address and contacts
- Address (IRS master file)
- 1117 WALNUT ST, CENTREVILLE, AL 35042-2813
- Signed the 990-EZ
- DR JOHN B WAITS, OFFICER
- Phone
- (205) 926-2992
- Return prepared by
- JAMISONMONEYFARMER PC
Mission
TO PROVIDE MUSIC AND DANCE EDUCATION, INSTRUCTION, AS WELL AS SUPPLEMENTAL EDUCATIONAL TRAINING IN THE FIELD OF THE ARTS FOR THE BENEFIT OF A RURAL COMMUNITY THAT IS NOT ADEQUATELY SERVED IN THIS RESPECT.
Program accomplishments
- FINE ART INSTRUCTION - TO PROVIDE MUSIC AND DANCE EDUCATION, INSTRUCTION, AS WELL AS SUPPLEMENTAL EDUCATIONAL TRAINING IN THE FIELD OF THE ARTS FOR THE BENEFIT OF A RURAL COMMUNITY THAT IS NOT ADEQUATELY SERVED IN THIS RESPECTExpenses $116,372
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 26-1859468
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A60)
- Assets (IRS master file)
- $12,198
- Income (IRS master file)
- $113,674
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $113,674 | $117,254 | $12,198 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-EZ | December 2023 | $84,348 | $94,924 | $15,164 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-1859468).
Questions about THE STUDIO
- What is the EIN of THE STUDIO?
- The employer identification number (EIN) of THE STUDIO is 26-1859468.
- Is THE STUDIO tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to THE STUDIO tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE STUDIO file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE STUDIO due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE STUDIO last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of THE STUDIO?
- The 990-EZ for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does THE STUDIO have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $113,674, expenses of $117,254 and total assets of $12,198 at year end.
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