Nonprofit · EIN 47-1817737
STUDIO 1
Tax-exempt · BURLINGTON, NC 27215
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $469,136 | $474,577 | -$5,441 | $48,713 | $0 | $48,713 |
| June 30, 2024 | 990 | $356,006 | $367,439 | -$11,433 | $54,154 | $0 | $54,154 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $201,988
- Program service revenue
- $223,014
- Investment income
- $1
- Net income from fundraising events
- -$1,900
- Other revenue
- $44,133
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $84,000
- Other salaries and wages
- $48,865
- Salaries, compensation and benefits (total)
- $132,865
- Professional fundraising fees
- $0
- Occupancy
- $63,491
- Travel
- $66
- Depreciation
- $2,912
- Program services (functional)
- $392,423
- Management and general (functional)
- $82,154
Balance sheet and other
- Total assets, start of year
- $54,154
- Total assets, end of year
- $48,713
- Total liabilities, end of year
- $0
- Net assets, end of year
- $48,713
- Land, buildings and equipment
- $25,982
- Net assets without donor restrictions
- $48,713
- Gross receipts
- $474,031
- Employees
- 3
- Volunteers
- 500
- Year formed
- 2014
- State of legal domicile
- NC
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tamra Kress | Executive Dir. Officer | 40 | $60,100 |
| Teresa Leiser | Director Trustee or director | 10 | $0 |
| Wil Coulbourn | Director Trustee or director | 10 | $0 |
| Erica Harris | Director Trustee or director | 10 | $0 |
| Lora Wilder | Director Trustee or director | 10 | $0 |
| Richard Phinney | Director Trustee or director | 10 | $0 |
| Pat Holsclaw | Director Trustee or director | 10 | $0 |
| Stephanie Dawson | Director Trustee or director | 10 | $0 |
| Tim Brown | Director Trustee or director | 10 | $0 |
| Traven McClain | Director Trustee or director | 10 | $0 |
| Layla Micheo | Director Trustee or director | 10 | $0 |
| Noah Pieper | Director Trustee or director | 10 | $0 |
| Carrie Sippy | Director Trustee or director | 10 | $0 |
| Carli Webb | Director Trustee or director | 10 | $0 |
| Debbie Williams | Director Trustee or director | 10 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Wayne Leonard | President Trustee or director, Officer | 10 | $0 |
| Chris Earl | Vice President Trustee or director, Officer | 10 | $0 |
| Heidi Moner | Secretary Trustee or director, Officer | 10 | $0 |
| Mark Gould | Treasurer Trustee or director, Officer | 10 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tamra Kress | Executive Dir. Officer | 40 | $60,100 |
| Teresa Leiser | Director Trustee or director | 15 | $0 |
| Wil Coulbourn | Director Trustee or director | 15 | $0 |
| Erica Harris | Director Trustee or director | 15 | $0 |
| Lora Wilder | Director Trustee or director | 15 | $0 |
| Richard Phinney | Director Trustee or director | 15 | $0 |
| Pat Holsclaw | Director Trustee or director | 15 | $0 |
| Stephanie Dawson | Director Trustee or director | 15 | $0 |
| Tim Brown | Director Trustee or director | 15 | $0 |
| Traven McClain | Director Trustee or director | 15 | $0 |
| Layla Micheo | Director Trustee or director | 15 | $0 |
| Noah Pieper | Director Trustee or director | 15 | $0 |
| Carrie Sippy | Director Trustee or director | 15 | $0 |
| Carli Webb | Director Trustee or director | 15 | $0 |
| Debbie Williams | Director Trustee or director | 15 | $0 |
| Wayne Leonard | President Trustee or director, Officer | 15 | $0 |
| Chris Earl | Vice President Trustee or director, Officer | 15 | $0 |
| Heidi Moner | Secretary Trustee or director, Officer | 15 | $0 |
| Mark Gould | Treasurer Trustee or director, Officer | 15 | $0 |
Address and contacts
- Address (IRS master file)
- 309 HUFFMAN MILL RD UNIT 540, BURLINGTON, NC 27215-6088
- Principal officer (990 for 2024)
- Tamra Kress, 309 Huffman Mill Road 540, Burlington, NC 27215
- Signed the 990
- Tamra Kress, Executive Dir.
- Phone
- (336) 534-0321
- Return prepared by
- Apple Koceja & Associates CPAS PA
Mission
To provide performance arts opportunities for youth and adults of all different abilities through live performances and classes.
Program accomplishments
- Studio 1 has consistently looked for ways to make theatre more accessible to those in our community. Three prime examples of this were our ASL shadowed production, our Shorts program, and our sensory-sensitive performances. Our ASL shadowed production of Blithe Spirit in November 2024 brought ASL interpreters onstage as part of the storytelling. Interns from UNC Greensboro's Programs in Deafness majors served as the interpreters and co-storytellers alongside the actors. The interpreters are brought onstage as part of the actions, instead of being off to the side, making theatre more accessible for the deaf and hard of hearing audience. Throughout the season, Studio 1 has had at least one performance of each of the main stage shows professionally ASL-interpreted to make theatre more accessible. The Shorts program is a production of short skits performed by people of all ages and physical and mental abilities. It is known as a side-by-side theatre program. The rehearsals and the production calendar are shorter than traditional shows and allow time for building relationships that transcend the stage. If an actor needs special assistance to remember their lines or blocking, cast member friends become their "shadow and assist them by standing by their side. This provides opportunities for many in the community to experience the joy of theatre in a way that honors and encourages them.Additionally, each season the Studio chooses at least one production for which they offer a sensory sensitive performance where they invite individuals and their families with sensory sensitivities to attend a show designed to make them feel welcome, included, and part of the Studio 1 family. The production of Broadway Bound was a sensory-sensitive performance, and it was a joy to share the magic of theatre with those who might not typically attend theatre. The Studio 1 community strives to be inclusive and partners regularly with people with special needs in ways that are meaningful to all participants. Studio 1 has invested heavily in the arts in Alamance County. Executive Director Tami Kress as well as several other Studio 1 regulars have been involved in the local Community Conversation Arts Team. Alamance County is home to a vast array of artists and arts organizations who want to build bridges to bring our community closer together in purpose and need through connection, intention and exposure. This group is taking the lead in community arts conversations as part of the Harwood Institute for Public Innovation's Community Conversations initiated through Impact Alamance. It is made up of members from Alamance Arts, The Burlington Writers Club, Painted Grape, Studio 1 and Alamance Children's Theatre. Through hosting events at their space, organizing meetings, and getting to know other artists in the community, Studio 1 continues to lead in excellence in Alamance County Arts as they find ways to celebrate and lift up what is already happening in Alamance County.Studio 1 has continued their work at Snow Camp Outdoor Theatre (SCOT), revitalizing a beloved and historic Alamance County landmark. Snow Camp Outdoor Theatre has had years of performances, and its revitalization is encouraging those who have attended productions there in the past to return again as well as invite others to experience the historic Sword of Peace, Pathway to Freedom and other productions for the first time. Performances and events at Snow Camp both commemorate the history of the location itself as well as offer new and exciting opportunities (such as the Festival of Lights) to draw individuals and families to experience the joy of Snow Camp.Through employing local vendors and caterers and extending opportunities for local craftsmen and artisans to sell their goods, Studio 1 at SCOT is investing in the future of Alamance County, while also honoring its historic past. The 2024-25 season marked Studio 1s second full season at the newly renovated SCOT, and it was a rousing success, drawing in new and old audiences alike to see a variety of shows. In April of 2025, Snow Camp welcomed over 600 patrons across three performances to experience a revitalized performance of Sword of Peace, a much-beloved Alamance County tradition.Expenses $319,411
- Main Stage: In the 2024-2025 fiscal year, Studio 1 continued to contribute to the growth of arts in Alamance County by providing quality artistic offerings in their performances and through active community engagement and service. The 2024-25 season produced 4 mainstage productions (three musicals and one straight play) as well as two independent projects, one American Sign Language shadowed production, one side-by-side production, two summer productions, three summer camp productions, and one youth show. Throughout the season, Studio 1 received various awards and nominations for all that they have contributed to the local community. At the end of 2024, Studio 1 was nominated for several Broadway World Raleigh Awards. These awards are nominated and voted on by local theatre community members. Studio 1 was nominated in a number of categories, including individual awards for acting and directing and more. We won 4 of these awards. It is evident that Studios local impact and reputation in the community continues to grow. The Studio 1 community is passionate about the work that the Studio does in providing unique and quality theatre in Alamance County.Throughout the 2024-25 fiscal year, Studio 1 maintained their partnership with local community organizations, tying each one of the four mainstage shows to a community service project such as collecting clothing donations for Close of Hope and doing a food drive for SAFE. Additionally, the Studio continued their partnership with Alamance County Public Libraries with their Lit to Life commitment producing at least one mainstage show every season based on a work of literature to inspire a love of good stories in the community.With the establishment of a Diversity Board made up of Studio 1 participants, Studio 1 is proactively looking for ways to amplify the voices of marginalized communities, including those of people of color and the LGBTQIA+ community. The Studio took part in the 2025 Alamance Pride Festival, hosting a booth at the busy event. The Studio provides a creative outlet and a safe and supportive environment for individuals from marginalized communities to express themselves and grow both individually and within a community.Expenses $56,884 · revenue $136,387
- Classes and workshops: One of the areas the Studio thrives in is engaging young people in the arts. Our education program continues to grow and thrive, offering 15 different classes ranging from dance, acting, voice, piano, and more! The Studio also invests heavily in the Junior Board an organization made up of teens who both lead at the Studio and volunteer for various productions throughout the year. This past season, the Junior Board produced a show called Antibiotic, which was 100% student-directed and performed.Perhaps nothing encapsulates the Studio's investment in local youth as the Broadway Bound production. Broadway Bound featured 55 students with ages ranging from 11 to 18. Each of these students participated in the learning, singing, blocking, and choreographing of musical numbers, and every participant had an opportunity to shine. Additionally, our middle school event 12@1 and our high school event 24@1 provided a fun opportunity for students to write and perform new works over the course of a weekend.Expenses $9,022 · revenue $46,676
- Camps: In the summer of 2024, Studio 1 had 120 kids, ages 7-17, participate in 3 separate two-week summer intensive camps. They performed Grease, Knights at Dawn, and Bugsy Malone. The Studio also offered a Tech Camp for students to learn the ins and the outs of the behind-the-scenes of a theatrical production and gain hands-on experience. The students had the opportunity to perform four shows over the course of a weekend for friends, family, and Studio 1 patrons.Expenses $7,106 · revenue $39,951
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 47-1817737
- 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
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A60)
- Assets (IRS master file)
- $48,713
- Income (IRS master file)
- $474,031
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $324,739 | $345,120 | $65,587 | IRS |
| 990 | June 2022 | $304,379 | $274,528 | $85,968 | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990-EZ | June 2020 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | IRS |
| 990-EZ | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about STUDIO 1
- What is the EIN of STUDIO 1?
- The employer identification number (EIN) of STUDIO 1 is 47-1817737.
- Is STUDIO 1 tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to STUDIO 1 tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does STUDIO 1 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 STUDIO 1 due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did STUDIO 1 last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of STUDIO 1?
- The 990 for the year ended June 30, 2025 names Tamra Kress.
- Who are the officers and directors of STUDIO 1?
- The 990 for the year ended June 30, 2025 lists 19 people; 1 received compensation from the organization, the highest $60,100 (Tamra Kress, Executive Dir.).
- How much revenue does STUDIO 1 have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $469,136, expenses of $474,577 and total assets of $48,713 at year end.
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- ALAMANCE COUNTY HISTORICAL MUSEUM INC EIN 51-0163093 · last filed 990 for 2025
- IBMA FOUNDATION INC EIN 82-4785593 · last filed 990 for 2025
- YOUNG MUSICIANS OF ALAMANCE EIN 81-1286442 · last filed 990 for 2025
- VALORES EIN 93-4850886 · last filed 990-EZ for 2024
- AFRICAN-AMERICAN CULTURAL ARTS & HISTORY CENTER-AACAHC EIN 81-4813037 · last filed 990-EZ for 2025
- OUR TIME TO SHINE EIN 87-4042338 · last filed 990-N for 2025
- MELODIES 4 HEALING INC EIN 87-2005447 · last filed 990-N for 2025
All nonprofits in BURLINGTON · North Carolina · Arts, culture and humanities