Studio Two Three
Nonprofit profile at a glance
- EIN
- 270876594
- IRS 990 coverage
- 2015–2025
- Forms available
- Form 990 2025, Form 990-EZ 2014
- Location
- Richmond, VA, USA
- Phone
- 8042547302
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Media, Communications Organizations
Reported finances
- Revenue
- $1,192,272
- Expenses
- $1,025,284
- Assets
- $962,014
- Liabilities
- $223,932
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
14 people listed
Highest reported compensation
- ASHLEY HAWKINS (EXECUTIVE DI): $117,181 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2025
Commumity printmaking: studio two three brings its mobile print truck into the community in support for free community printmakiing activities. The truck visits festivals, nonprofits, community events, and collaborates with arts and activist communtiies working on social justice issues in the city of richmond and beyond. The studio holds several community printmaking days a month; the content varies each time. Processes include screen printing t-shirts and posters, printing giant letterpress banners, and using the print truck as a mobile darkroom to shot and develop large-frame photgraphic portraits. Community events initiative: launched in 2024, this program has become a cornerstone of studio two threes work. The community events initiative provides a diverse range of arts and cultural initiatives, organizations and projects with free access to studio two threes high capacity event space with a/v, seating and tables and staff support. The program hosts 15+ groups per month, and welcomes 20k+ people to studio two three annually. Events range from square dances to film screenings, nonprofit retreats, civic meetings, plays and live music performances, artist markets and food distribution. Our partnerships include arts and culture organizations, schools, civic groups and grassroots organizations.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 92
- Accountability: 75
- Sustainability: 48
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 73.9%; rating input score 74
- Program expense ratio: 85.9%; rating input score 86
- Fundraising efficiency: $34.62 raised per $1 spent on fundraising; rating input score 68; 68th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 92.9%; rating input score 93; 27th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 14%; rating input score 63; 63rd percentile among comparable filings
- Total-asset coverage ratio: 0.94; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: 0.23; rating input score 23; 23rd percentile among comparable filings
- Officer compensation ratio: 11.4%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: 13.1% per year; rating input score 100; 67th percentile among comparable filings
- Revenue growth: 14.7% per year; rating input score 100; 74th percentile among comparable filings
- Asset growth: 20% per year; rating input score 100; 79th percentile among comparable filings
Details
- Where the money goes: 73.9% of revenue deployed · 85.9% of spending went to programs
- Governance: 13 of 14 board members independent · 4 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $881K in reported program spending
- Leadership: top reported pay $117K · 14 people listed
- Consistency: 31 of 31 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 10 filing years from 2015 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- 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.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
- High — Sustainability: Liabilities to assets ratio scored 23/100.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.