Nonprofit · EIN 47-2702408
THE ELEVATED STUDIO INC
Tax-exempt (reinstated) · BEACON, NY 12508
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $161,388 | $170,222 | -$8,834 | $12,000 | $8,241 | $3,759 |
| December 31, 2022 | 990 | $106,304 | $118,114 | -$11,810 | $12,000 | $8,241 | $3,759 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $30,000
- Program service revenue
- $131,388
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $55,000
- Other salaries and wages
- $79,348
- Salaries, compensation and benefits (total)
- $155,547
- Professional fundraising fees
- $0
- Accounting fees
- $600
- Travel
- $2,650
- Program services (functional)
- $152,022
- Management and general (functional)
- $12,950
- Fundraising (functional)
- $5,250
Balance sheet and other
- Total assets, start of year
- $12,000
- Total assets, end of year
- $12,000
- Total liabilities, end of year
- $8,241
- Net assets, end of year
- $3,759
- Net assets without donor restrictions
- $3,759
- Gross receipts
- $161,388
- Employees
- 4
- Volunteers
- 0
- Year formed
- 2015
- State of legal domicile
- NY
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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Brian Baer | Executive Director/President Trustee or director, Key employee | 40 | $35,600 |
| Allison Kuharski | Director Trustee or director | 2 | $0 |
| Cassandra Misall-Procipo | Director Trustee or director | 2 | $0 |
| Seth Golbey | Director Trustee or director | 2 | $0 |
| Bill DelGrosso | Director Trustee or director | 2 | $0 |
| Seth Rosner | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2022: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Brian Baer | Executive Director/President Key employee | 40 | $55,000 |
| Allison Kuharski | Director Trustee or director | 2 | $0 |
| Cassandra Misall-Procipo | Director Trustee or director | 2 | $0 |
| Seth Golbey | Director Trustee or director | 2 | $0 |
| Bill DelGrosso | Director Trustee or director | 2 | $0 |
| Seth Rosner | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 369 MAIN ST UNIT 1121, BEACON, NY 12508-7572
- In care of
- % BRIAN BAER
- Principal officer (990 for 2023)
- The Elevated Studio, 369 Main Street, PO Box 1121, Beacon, NY 12508
- Signed the 990
- Brian Baer, President
- Phone
- (646) 759-7513
- Website
- www.theelevatedstudio.org
Mission
By providing one-on-one design assistance to homeowners whose home has been lost to or destroyed by natural disasters; by providing gap-funding and grants to provide financial assistance to vulnerable population to allow them to rebuild their homes after they have been damaged by natural disasters.
Program accomplishments
- Resilience through design and education clinics [REDC] - currently, the organization's primary program is our resilience through design and education clinics [the REDC program]. its fundamental purpose is to provide education and design services to property owners, particularly those whose structure were damaged during the weather events related to hurricane Sandy in 2012. The organization also provides financial and disaster case management services to certain qualified property owners. The REDC program is a multi-faceted program serving nationally. Its overarching goal is to provide a property owner with the guidance and resources to answer the question, "Now that my property has been damaged, what now? How to I make my home and my family safe from future weather events"?Expenses $152,022 · grants $30,000
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 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-2702408
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public safety, disaster preparedness and relief (M20)
- Assets (IRS master file)
- $12,000
- Income (IRS master file)
- $161,388
Revocation and reinstatement
- Exemption revoked
- May 15, 2021
- Posted by the IRS
- August 9, 2021
- Reinstated
- Effective May 15, 2021
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $161,388 | $170,222 | $12,000 | XML |
| 990 | December 2022 | $106,304 | $118,114 | $12,000 | XML |
| 990 | December 2021 | $64,593 | $65,329 | $12,000 | IRS |
| 990 | December 2020 | $122,742 | $113,161 | $11,284 | IRS |
| 990 | December 2017 | – | – | – | 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 47-2702408).
Questions about THE ELEVATED STUDIO INC
- What is the EIN of THE ELEVATED STUDIO INC?
- The employer identification number (EIN) of THE ELEVATED STUDIO INC is 47-2702408.
- Is THE ELEVATED STUDIO INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2021 and reinstated it effective May 15, 2021.
- Are donations to THE ELEVATED STUDIO INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE ELEVATED STUDIO 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 THE ELEVATED STUDIO 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 THE ELEVATED STUDIO INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of THE ELEVATED STUDIO INC?
- The 990 for the year ended December 31, 2023 names The Elevated Studio.
- Who are the officers and directors of THE ELEVATED STUDIO INC?
- The 990 for the year ended December 31, 2023 lists 6 people; 1 received compensation from the organization, the highest $35,600 (Brian Baer, Executive Director/President).
- How much revenue does THE ELEVATED STUDIO INC have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $161,388, expenses of $170,222 and total assets of $12,000 at year end.
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All nonprofits in BEACON · New York · Public safety, disaster preparedness and relief