Nonprofit · EIN 26-3792862
STUDIOS INC
Tax-exempt · KANSAS CITY, MO 64108
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $204,425 | $296,062 | -$91,637 | $2,780,775 | $0 | $2,780,775 |
| December 31, 2023 | 990 | $156,211 | $248,283 | -$92,072 | $2,872,412 | $0 | $2,872,412 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $122,269
- Program service revenue
- $0
- Investment income
- $10,073
- Net rental income
- $72,083
- Net gain from sales of assets
- -$2,650
- Other revenue
- $72,083
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $40,510
- Salaries, compensation and benefits (total)
- $49,636
- Professional fundraising fees
- $0
- Legal fees
- $15
- Occupancy
- $15,985
- Travel
- $538
- Depreciation
- $57,777
- Program services (functional)
- $199,685
- Management and general (functional)
- $96,377
Balance sheet and other
- Total assets, start of year
- $2,872,412
- Total assets, end of year
- $2,780,775
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,780,775
- Land, buildings and equipment
- $1,999,782
- Gross unrelated business income
- $12,723
- Gross receipts
- $235,760
- Employees
- 1
- Volunteers
- 1
- Year formed
- 2008
- State of legal domicile
- MO
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRADLEY W NICHOLSON | PRESIDENT Trustee or director, Officer | 2 | $0 |
| LINDA NICHOLSON | TREASURER Trustee or director, Officer | 1 | $0 |
| BRAD SATTERWHITE | DIRECTOR Trustee or director | 1 | $0 |
| JACK HOLLAND | DIRECTOR Trustee or director | 1 | $0 |
| JAMES REED III | DIRECTOR Trustee or director | 1 | $0 |
| KERRI REISDORFF | DIRECTOR Trustee or director | 1 | $0 |
| WHITNEY KERR JR | DIRECTOR Trustee or director | 1 | $0 |
| KATE MEAD | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRADLEY W NICHOLSON | PRESIDENT Trustee or director, Officer | 2 | $0 |
| LINDA NICHOLSON | TREASURER Trustee or director, Officer | 1 | $0 |
| BRAD SATTERWHITE | DIRECTOR Trustee or director | 1 | $0 |
| JACK HOLLAND | DIRECTOR Trustee or director | 1 | $0 |
| JAMES REED III | DIRECTOR Trustee or director | 1 | $0 |
| KERRI REISDORFF | DIRECTOR Trustee or director | 1 | $0 |
| WHITNEY KERR JR | DIRECTOR Trustee or director | 1 | $0 |
| KATE MEAD | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1708 CAMPBELL ST, KANSAS CITY, MO 64108-1524
- In care of
- % BRADLEY NICHOLSON
- Principal officer (990 for 2024)
- BRAD NICHOLSON, 1708 CAMPBELL ST, KANSAS CITY, MO 64108
- Signed the 990
- BRADLEY W NICHOLSON, PRESIDENT
- Phone
- (816) 994-7134
- Website
- THESTUDIOSINC.ORG
Mission
THE STUDIOS INC PROVIDES STUDIO SPACE, PROFESSIONAL DEVELOPMENT, NETWORKING, AND EXHIBITIONS FOR MID-CAREER ARTISTS IN GREATER KANSAS CITY.
Program accomplishments
- EACH RESIDENT ARTIST IS ASSIGNED A STUDIO OF BETWEEN 750 AND 3,000 SQUARE FEET. THE STUDIOS INC IS OPEN 7 DAYS A WEEK. THERE IS ALSO A LARGE FENCED-IN LOT AVAILABLE FOR OUTDOOR INSTALLATIONS, PERFORMANCES, AND/OR WORKSPACE. EACH RESIDENT ARTIST COMMITS TO A SHOW IN THE STUDIOS INC EXHIBITION SPACE (4,500 SQUARE FEET OF EXHIBITION SPACE INDOORS & LARGE FENCED-IN LOT OUTDOORS).RESIDENT ARTISTS GAIN MORE PUBLIC RECOGNITION FOR THEIR WORK AND BROADER ACCESS TO COLLECTORS.RESIDENT ARTIST'S WORK ARE INCLUDED IN THE ANNUAL EXHIBITION. THE STUDIOS.GALLERY EXHIBITION AND LENDING PROGRAM BRINGS MORE VISIBILITY TO RESIDENT ARTIST'S WORK THROUGH THE PROGRAM'S PUBLICITY AND PLACEMENT OF ARTWORK FROM THE COLLECTION.THE STUDIOS PATRON PROGRAM, PROVIDES THE OPPORTUNITY FOR A HEIGHTENED LEVEL OF DIALOGUE BETWEEN RESIDENT ARTIST AND PATRON THROUGH STUDIO VISITS AND EXHIBITIONS. IN ADDITION TO FUNDING AN ARTIST'S STUDIO, PATRONS ARE ENCOURAGED TO CULTIVATE RELATIONSHIPS WITH THE ARTISTS TO LEARN MORE ABOUT THE CREATIVE PROCESS AND TO PROVIDE ADDITIONAL CAREER ADVANCEMENT ASSISTANCE.Expenses $199,685
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-3792862
- 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
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $2,780,775
- Income (IRS master file)
- $235,760
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $204,425 | $296,062 | $2,780,775 | IRS |
| 990 | December 2023 | $156,211 | $248,283 | $2,872,412 | XML |
| 990 | December 2022 | $470,733 | $179,628 | $2,964,484 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 26-3792862).
Questions about STUDIOS INC
- What is the EIN of STUDIOS INC?
- The employer identification number (EIN) of STUDIOS INC is 26-3792862.
- Is STUDIOS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to STUDIOS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does STUDIOS INC 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 STUDIOS INC 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 STUDIOS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of STUDIOS INC?
- The 990 for the year ended December 31, 2024 names BRAD NICHOLSON.
- Who are the officers and directors of STUDIOS INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does STUDIOS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $204,425, expenses of $296,062 and total assets of $2,780,775 at year end.
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