Nonprofit · EIN 84-1305449
OPEN STUDIOS INC
Tax-exempt · BOULDER, CO 80306
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $320,890 | $339,506 | -$18,616 | $8,917 | $42,434 | -$33,517 |
| December 31, 2023 | 990 | $238,827 | $249,376 | -$10,549 | $31,630 | $46,531 | -$14,901 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $69,650
- Membership dues
- $4,379
- Program service revenue
- $232,385
- Investment income
- $0
- Other revenue
- $18,855
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $55,000
- Other salaries and wages
- $36,460
- Salaries, compensation and benefits (total)
- $101,008
- Professional fundraising fees
- $0
- Accounting fees
- $8,375
- Occupancy
- $50,470
- Travel
- $930
- Program services (functional)
- $259,152
- Management and general (functional)
- $54,200
- Fundraising (functional)
- $26,154
Balance sheet and other
- Total assets, start of year
- $31,630
- Total assets, end of year
- $8,917
- Total liabilities, end of year
- $42,434
- Net assets, end of year
- -$33,517
- Net assets without donor restrictions
- -$33,517
- Gross receipts
- $320,890
- Employees
- 9
- Year formed
- 1995
- State of legal domicile
- CO
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 |
|---|---|---|---|
| MARY HORROCKS | Executive Director Officer | 40 | $55,000 |
| ANGELA ROSE | Board Member Trustee or director | 1 | $0 |
| ASHLEY HARWI | Board Member Trustee or director | 1 | $0 |
| KAREN OKADA | Board Member Trustee or director | 7.75 | $0 |
| HOWARD BERNSTEIN | SecretaryActing Chair Trustee or director, Officer | 1 | $0 |
| NICOLE ETTENHOFER | Board Member Trustee or director | 1 | $0 |
| PEN VOLKMANN | Board Member Trustee or director | 0.5 | $0 |
| GRADY FORSYTH | BOD Mbruntil May 2024 Trustee or director | 2 | $0 |
| CINDY BRITAIN | BOD Mbruntil July2024 Trustee or director | 0.25 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY HORROCKS | Executive Director Officer | 40 | $55,000 |
| ANGELA ROSE | CoChair Trustee or director, Officer | 2 | $0 |
| KIMBERLY DORAZEWSKI-SMOUSE | Former Chairperson Trustee or director, Officer | 2 | $0 |
| KAREN OKADA | Board Member Trustee or director | 2 | $0 |
| HOWARD O BERNSTEIN | Secretary Trustee or director, Officer | 2.5 | $0 |
| CINDY BRITAN | Board Member Trustee or director | 2 | $0 |
| GRADY FORSYTH | Board Member Trustee or director | 2 | $0 |
| PEN VOLKMANN | Board Member Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 45, BOULDER, CO 80306-0045
- In care of
- % MARY HORROCKS
- Principal officer (990 for 2024)
- Mary Horrocks, PO Box 45, Boulder, CO 80306
- Signed the 990
- MARY HORROCKS, Executive Director
- Phone
- (303) 444-1862
- Website
- www.openstudios.org
- Return prepared by
- Cindy McGrorey CPA LLC
Mission
Open Studios is an organization operating in Boulder County, Colorado that serves artists and the broader community by advancing the visual arts through education and events.
Program accomplishments
- FALL OPEN STUDIOS TOUR: A free-to-the public, all ages, self-guided tour of artists studios. Artists apply through a jury system to participate in the tour. Those invited to be tour artists pay fees that contribute to marketing and advertising expenses for the tour.Expenses $80,976
- General promotion of the visual arts and artists in our community through a variety of programs.Expenses $178,176
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
- 84-1305449
- 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
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A400)
- Assets (IRS master file)
- $8,917
- Income (IRS master file)
- $320,890
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $320,890 | $339,506 | $8,917 | IRS |
| 990 | December 2023 | $238,827 | $249,376 | $31,630 | XML |
| 990 | December 2022 | $305,181 | $381,837 | $25,405 | 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 84-1305449).
Questions about OPEN STUDIOS INC
- What is the EIN of OPEN STUDIOS INC?
- The employer identification number (EIN) of OPEN STUDIOS INC is 84-1305449.
- Is OPEN STUDIOS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to OPEN STUDIOS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OPEN 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 OPEN 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 OPEN 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 OPEN STUDIOS INC?
- The 990 for the year ended December 31, 2024 names Mary Horrocks.
- Who are the officers and directors of OPEN STUDIOS INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $55,000 (MARY HORROCKS, Executive Director).
- How much revenue does OPEN STUDIOS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $320,890, expenses of $339,506 and total assets of $8,917 at year end.
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All nonprofits in BOULDER · Colorado · Arts, culture and humanities