STUDIO IN A SCHOOL ASSOCIATION INC

EIN: 133003112 501(c)(3)

NEW YORK, NY

Total Revenue
$11,953,388
Total Expenses
$11,418,832
Total Assets
$24,987,374
Net Assets
$23,962,487
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
NY
Principal Officer
PATRICIA HEWITT
Phone
2127655900
Tax Period
2023-07-01 to 2024-06-30

STUDIO IN A SCHOOL ASSOCIATION INC, founded in 1979, is a mid-sized nonprofit that reported $12.0M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $11.4M left a modest 4% surplus.

Mission

TO FOSTER THE CREATIVE & INTELLECTUAL DEVELOPMENT OF STUDENTS OF ALL AGES & COLLABORATE WITH & SUPPORT EDUC- -ATORS THROUGH QUALITY VISUAL ARTS PROGRAMS LED BY ARTS PROFESSIONALS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,155,601
Program Service Revenue $568,961
Investment Income $1,240,186
Other Revenue $-11,360
TOTAL REVENUE $11,953,388

Expense Breakdown

Grants Paid $719,077
Salaries & Benefits $8,313,961
Fundraising Expenses $456,947
Program Expenses $8,164,849
Other Expenses $2,385,794
TOTAL EXPENSES $11,418,832

Year-over-Year Comparison

2023 2022 Change
Revenue $11,953,388 $8,309,707 +0.4%
Expenses $11,418,832 $10,101,533 +0.1%
Net Income $534,556 $-1,791,826 -1.3%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
25
Independent Members
23
Employees
300
Volunteers
23

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✓ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$875,422
Total Directors
26
$676,283
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS CAHILL PRESIDENT - STUDIO INSTITUTE 35.0
Officer Director
$339,973 $27,109 $367,082
ALISON SCOTT-WILLIAMS PRESIDENT - STUDIO NYC 35.0
Officer Director
$270,977 $38,224 $309,201
GREGORY PIERSON DIRECTOR OF FINANCE 35.0
Officer
$181,325 $17,814 $199,139
TRICIA BLANCHARD DIRECTOR OF DEVELOPMENT 35.0
Highest
$166,303 $0 $166,303
LIN WANG DIRECTOR OF HR 35.0
Highest
$114,176 $734 $114,910
AGNES GUND FOUNDER 2.0
Officer Director
$0 $0 $0
HASNA MUHAMMAD EDD CHAIR 2.0
Officer Director
$0 $0 $0
KENNETH COOPER VICE CHAIR 2.0
Officer Director
$0 $0 $0
DOROTHY LICHTENSTEIN VICE CHAIR 2.0
Officer Director
$0 $0 $0
MARY MATTINGLY SECRETARY 2.0
Officer Director
$0 $0 $0
PATRICIA HEWITT TREASURER 2.0
Officer Director
$0 $0 $0
JYOTSNA BEAN DIRECTOR 2.0
Director
$0 $0 $0
TONY BECHARA DIRECTOR 2.0
Director
$0 $0 $0
PHONG BUI DIRECTOR 2.0
Director
$0 $0 $0
JENNIFER CECERE DIRECTOR 2.0
Director
$0 $0 $0
GREGORY CLARICK DIRECTOR 2.0
Director
$0 $0 $0
ERIKA FAUST DIRECTOR 2.0
Director
$0 $0 $0
ISABELLA HUTCHINSON DIRECTOR 2.0
Director
$0 $0 $0
LUCY JOFFE DIRECTOR (AS OF 10/2023) 2.0
Director
$0 $0 $0
JANE KLEIN DIRECTOR 2.0
Director
$0 $0 $0
TATIA MAYS-RUSSELL DIRECTOR 2.0
Director
$0 $0 $0
KATHRYN MCAULIFFE DIRECTOR 2.0
Director
$0 $0 $0
JOANNA MILSTEIN DIRECTOR 2.0
Director
$0 $0 $0
SHANE NEUFELD DIRECTOR 2.0
Director
$0 $0 $0
HILARY PECK DIRECTOR 2.0
Director
$0 $0 $0
AMANDA TAYLOR DIRECTOR 2.0
Director
$0 $0 $0
PATRICIA WILLIAMS DIRECTOR 2.0
Director
$0 $0 $0
FRED WILSON DIRECTOR 2.0
Director
$0 $0 $0
DR VIVIAN PAN DIRECTOR (thru 08/2023) 2.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $11,953,388 $11,418,832 $24,987,374 $534,556
2023 $8,309,707 $10,101,533 $22,813,587 $-1,791,826
2022 $9,343,625 $8,408,257 $22,912,697 $935,368
2021 $6,228,421 $6,870,124 $26,491,871 $-641,703
2020 $6,769,552 $7,118,232 $22,907,698 $-348,680
2019 $7,961,658 $7,215,041 $21,664,345 $746,617
2018 $7,286,127 $6,777,960 $20,673,487 $508,167
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