Smiley Studios

Nonprofit profile at a glance

EIN
841455120
IRS 990-EZ coverage
2010–2023
Forms available
Form 990-EZ 2023
Location
Durango, CO, USA
Phone
9703551977
Rating
35
Verdict
REVIEW
Rating confidence
Moderate
Sector
Visual Arts Organizations

Reported finances

Revenue
$8
Expenses
$6,816
Assets
$160,201
Liabilities
$311

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • KIT FROST (PRESIDENT)
  • MICHAEL MCQUINN (VICE-PRESIDENT)

People named in this filing

  • KIT FROST (PRESIDENT)
  • LISA SHAW (SECRETARY/TREASURER)
  • MICHAEL MCQUINN (VICE-PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Sponsor programs, workshops and programs with visiting artists and artists in residence. Provide facilities for others to promote the arts, provide a supportive working environment for all persons interested in the arts and to sponsor informational events, open to the public, with focus on the arts.

What it reported doing in 2023

Theatre facilities made available to general public. Display rooms made available to artists and individuals attending art showings and openings. 1,750 persons served.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 39
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -85,100%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 23.5; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -40% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: -27.3% per year; rating input score 0; 12th percentile among comparable filings
  • Asset growth: -1.4% per year; rating input score 0; 33rd percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 14 filing years from 2010 to 2023
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Sustainability: Operating margin scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.