Nonprofit · EIN 54-1857281
STUDIO SCHOOL
Tax-exempt · ROANOKE, VA 24015
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $116,417 | $103,571 | $12,846 | $38,586 | $27,300 | $11,286 |
| December 31, 2023 | 990-EZ | $0 | – | – | $29,942 | $31,502 | -$1,560 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $10,282
- Program service revenue
- $1,251
- Investment income
- $0
- Other revenue
- $104,884
Expenses
- Compensation of officers, directors and key employees
- $57,385
- Professional fees and payments to contractors
- $80,366
- Occupancy
- $18,741
- Printing, publications and postage
- $4,464
- Program services (functional)
- $103,571
Balance sheet and other
- Total assets, start of year
- $29,942
- Total assets, end of year
- $38,586
- Total liabilities, end of year
- $27,300
- Net assets, end of year
- $11,286
- Cash, savings and investments
- $19,293
- Land and buildings
- $12,203
- Gross receipts
- $116,417
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 |
|---|---|---|---|
| TRACY K BUDD | DIRECTOR | 10 | $24,521 |
| VERA M DICKERSON | DIRECTOR | 10 | $17,912 |
| ROBIN POTEET | DIRECTOR | 10 | $14,952 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRACY K BUDD | DIRECTOR | 10 | $20,476 |
| ROBIN POTEET | DIRECTOR | 10 | $18,578 |
| VERA M DICKERSON | DIRECTOR | 10 | $16,886 |
Address and contacts
- Address (IRS master file)
- 1104 BRANDON AVE SW, ROANOKE, VA 24015-3006
- In care of
- % VERA DICKERSON
- Signed the 990-EZ
- Tracy Budd, Director
- Phone
- (540) 344-5404
- Return prepared by
- BUDDCPA LLC
Mission
ONGOING CLASSES FOR CHILDREN AND ADULTS AGES 5 AND UP, AND ADULTS IN BASIC TO ADVANCED VISUAL ARTS, APPRECIATION AND HISTORY AVERAGE 120 TO 140 PER QUARTER IN OUR CLASSES
Program accomplishments
- ONGOING CLASSES FOR CHILDREN AND ADULTS AGES 5 AND UP,AND ADULTS IN BASIC TO ADVANCED VISUAL ARTS, APPRECIATIONAND HISTORY. AVERAGE 120 TO 140 PER QUARTER IN OUR CLASSESExpenses $103,571
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
- 54-1857281
- 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
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $38,586
- Income (IRS master file)
- $116,417
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $116,417 | $103,571 | $38,586 | XML |
| 990-EZ | December 2023 | $0 | $0 | $29,942 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-EZ | 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 54-1857281).
Questions about STUDIO SCHOOL
- What is the EIN of STUDIO SCHOOL?
- The employer identification number (EIN) of STUDIO SCHOOL is 54-1857281.
- Is STUDIO SCHOOL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to STUDIO SCHOOL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does STUDIO SCHOOL 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 SCHOOL 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 STUDIO SCHOOL 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 STUDIO SCHOOL?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $24,521 (TRACY K BUDD, DIRECTOR).
- How much revenue does STUDIO SCHOOL have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $116,417, expenses of $103,571 and total assets of $38,586 at year end.
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