Studio Culture
Nonprofit profile at a glance
- EIN
- 993449498
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024
- Location
- San Diego, CA, USA
- Phone
- 8582608958
- Rating
- 35
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Arts Education
Reported finances
- Revenue
- $78,004
- Expenses
- $67,621
- Assets
- $12,285
- Liabilities
- $1,902
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- ANTHONY SALAMONE (CEO)
- DAVID GARCIA (CEO)
People named in this filing
- GREGORIO ORTIZ (DIRECTOR)
- ANTHONY SALAMONE (CEO)
- DAVID GARCIA (CEO)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The activity involves providing affordable studio and office spaces, fostering a collaborative and mentorship environment, hosting community and educational seminars, organizing art exhibitions and public lectures, and offering design services to marginalized communities. The activity is conducted by studio culture, a non-profit organization, with contributions from a diverse group of creatives including artists, architects, musicians, scenic designers, fabricators, and other non-profit organizations.
What it reported doing in 2024
Studio culture is a nonprofit organization supporting the creative community in barrio logan, san diego, by providing affordable studio and office spaces to artists and creatives. The organization operates a 26,000 sq ft facilityy, subleasing space at below-market rates to foster a collaborative and supportive environment for creatives. There are currently 18 tenants in the tenant program, and 2 residents in our residency program. Studio culture also plans to generate revenue through workshops, exhibitions, and public events, offering educational programs on deisgn, art, and business development. These initiatives benefit a diverse group of creatives, providing them with accessible workspaces and opportunities for professional growth.
Operating model
- Revenue model
- Earned-program. 92% of the money available for current operations came from fees and other program revenue.
- 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: 44
- Growth: NotEnoughData
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; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 13.3%; rating input score 66; 66th percentile among comparable filings
- Total-asset coverage ratio: 0.18; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
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
- 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: Total-asset coverage ratio scored 15/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.