STUDIO TWO THREE

EIN: 270876594 501(c)(3) Arts, Culture & Humanities

RICHMOND, VA

Total Revenue
$731,559
Total Expenses
$962,093
Total Assets
$1,203,934
Net Assets
$897,817
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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
VA
Principal Officer
ASHLEY HAWKINS
Phone
8042547302
Tax Period
2023-01-01 to 2023-12-31

Studio Two Three, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $518K in total revenue in fiscal year 2018. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

STUDIO TWO THREE EMPOWERS ARTISTS TO MAKE ART AND MAKE CHANGE. STUDIO TWO THREE IS A NONPROFIT COMMUNITY PRINT STUDIO AND ART SPACE, FOUNDED IN 2009. WE BELIEVE IN RADICAL GENEROSITY, THE POWER OF COMMUNITY ART PRODUCTION AND STORYTELLING AND THAT COMMUNITY ARTISTS ARE INTEGRAL TO SOCIAL AND SYSTEMIC CHANGE. WE ARE A BUSY HOME TO OVER 130 ARTIST MEMBERS THAT RUNS OFF OF TRUST AND A CULTURE OF MUTUAL AID. MEMBERS HAVE 24/7 ACCESS, SHARE RESOURCES AND IDEAS, AND COLLABORATE ON PROJECTS.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $334,990
Program Service Revenue $350,956
Investment Income $0
Other Revenue $45,613
TOTAL REVENUE $731,559

Expense Breakdown

Grants Paid $0
Salaries & Benefits $253,793
Fundraising Expenses $19,704
Program Expenses $858,281
Other Expenses $708,300
TOTAL EXPENSES $962,093

Year-over-Year Comparison

2023 2022 Change
Revenue $731,559 $1,491,396 -0.5%
Expenses $962,093 $717,509 +0.3%
Net Income $-230,534 $773,887 -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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Governance

Voting Members
11
Independent Members
11
Employees
6
Volunteers
N/A

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
4
$79,000
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ASHLEY HAWKINS EXECUTIVE DI 40.00
Officer
$79,000 $0 $79,000
RAM BHAGAT DIRECTOR 1.00
Director
$0 $0 $0
HAMPTON BOYER DIRECTOR 1.00
Director
$0 $0 $0
MITCH CROWDER SECRETARY 2.00
Officer Director
$0 $0 $0
AIMEE JOYAUX DIRECTOR 1.00
Director
$0 $0 $0
KELLI LEMMON DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER MACKENZIE CHAIR 2.00
Officer Director
$0 $0 $0
JUSTIN OWEN DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH PAPA DIRECTOR 1.00
Director
$0 $0 $0
CHARLIE SCHMIDT DIRECTOR 1.00
Director
$0 $0 $0
GEORGE WEBSTER TREASURER 2.00
Officer Director
$0 $0 $0
FAITH WILKERSON DIRECTOR 1.00
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
2024 No data No data No data No data
2023 $731,559 $962,093 $1,203,934 $-230,534
2022 $1,491,396 $717,509 $2,799,280 $773,887
2021 $781,294 $601,657 $585,308 $179,637
2019 $525,801 $600,397 $224,645 $-74,596
2018 $518,096 $524,838 $282,213 $-6,742
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