Nonprofit · EIN 86-2912953
OPEN ARTS STUDIO INC
Tax-exempt · BROOKLYN, NY 11201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $62,351 | $56,128 | $6,223 | $32,219 | – | $32,219 |
| December 31, 2023 | 990-EZ | $67,785 | $53,407 | $14,378 | $25,296 | – | $25,296 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $10,505
- Program service revenue
- $2,255
- Investment income
- $0
- Other revenue
- $49,591
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $11,127
- Occupancy
- $44,411
- Other expenses
- $590
- Program services (functional)
- $1,233
Balance sheet and other
- Total assets, start of year
- $25,996
- Total assets, end of year
- $32,219
- Total liabilities, end of year
- –
- Net assets, end of year
- $32,219
- Cash, savings and investments
- $32,219
- Gross receipts
- $62,351
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 |
|---|---|---|---|
| LAURA PETERSON | PRESIDENT | 40 | $0 |
990-EZ for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURA PETERSON | PRESIDENT | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 68 JAY STREET, BROOKLYN, NY 11201-1189
- Mailing address (990-N for 2021)
- 68 Jay Street Suite 605A, BROOKLYN NY 11201
- Principal officer (990-N for 2021)
- Laura Peterson, 402 Ocean Parkway Apt 508, Brooklun NY 11218
- Signed the 990-EZ
- LAURA A PETERSON, PRESIDENT
- Phone
- (718) 812-2341
- Return prepared by
- TAYLOR & LORD ASSOCIATES LTD
Mission
TO ENABLE CREATIVE RESEARH INTO THE RELATIONSHIP OF THE PHYSICAL BODY AND THE MATERIAL WORLD VIA PERFORMING AND VISUAL ARTS.
Program accomplishments
- YOUNG ARTISIS PROGRAMACCESSABLE ARTS EDUCATIONExpenses $1,039
- PERFORMANCESExpenses $194
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
- 86-2912953
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A62)
- Assets (IRS master file)
- $32,219
- Income (IRS master file)
- $62,351
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | – | – | – | IRS |
| 990-EZ | December 2023 | $67,785 | $53,407 | $25,296 | IRS |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: Laura Peterson | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 OPEN ARTS STUDIO INC
- What is the EIN of OPEN ARTS STUDIO INC?
- The employer identification number (EIN) of OPEN ARTS STUDIO INC is 86-2912953.
- Is OPEN ARTS STUDIO INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to OPEN ARTS STUDIO INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OPEN ARTS 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 OPEN ARTS 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 OPEN ARTS STUDIO INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of OPEN ARTS STUDIO INC?
- The 990-N for 2021 names Laura Peterson.
- Who are the officers and directors of OPEN ARTS STUDIO INC?
- The 990-EZ for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does OPEN ARTS STUDIO INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $62,351, expenses of $56,128 and total assets of $32,219 at year end.
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All nonprofits in BROOKLYN · New York · Arts, culture and humanities