North Carolina · Nonprofit
Studio 1
Studio 1 (North Carolina) receives grants from 8 organizations whose IRS filings report $145,098 to it, the largest being THE TROON FOUNDATION ($40,000). 4 of them have funded it in more than one year.
- Revenue FY2025
- $469k
- Funders on record
- 8
- Grants received
- $145k
- Net assets
- $49k
What Studio 1 does
Mission
To provide performance arts opportunities for youth and adults of all different abilities through live performances and classes.
As stated on its FY2025 Form 990.
Programs
Studio 1 has consistently looked for ways to make theatre more accessible to those in our community. Three prime examples of this were our ASL shadowed production, our Shorts program, and our sensory-sensitive performances. Our ASL shadowed production of Blithe Spirit in November 2024 brought ASL interpreters onstage as part of the storytelling. Interns from UNC Greensboro's Programs in Deafness majors served as the interpreters and co-storytellers alongside the actors. The interpreters are brought onstage as part of the actions, instead of being off to the side, making theatre more accessible for the deaf and hard of hearing audience. Throughout the season, Studio 1 has had at least one performance of each of the main stage shows professionally ASL-interpreted to make theatre more accessible. The Shorts program is a production of short skits performed by people of all ages and physical and mental abilities. It is known as a side-by-side theatre program. The rehearsals and the production calendar are shorter than traditional shows and allow time for building relationships that transcend the stage. If an actor needs special assistance to remember their lines or blocking, cast…
$319,411 spent81% of program spendingMain Stage: In the 2024-2025 fiscal year, Studio 1 continued to contribute to the growth of arts in Alamance County by providing quality artistic offerings in their performances and through active community engagement and service. The 2024-25 season produced 4 mainstage productions (three musicals and one straight play) as well as two independent projects, one American Sign Language shadowed production, one side-by-side production, two summer productions, three summer camp productions, and one youth show. Throughout the season, Studio 1 received various awards and nominations for all that they have contributed to the local community. At the end of 2024, Studio 1 was nominated for several Broadway World Raleigh Awards. These awards are nominated and voted on by local theatre community members. Studio 1 was nominated in a number of categories, including individual awards for acting and directing and more. We won 4 of these awards. It is evident that Studios local impact and reputation in the community continues to grow. The Studio 1 community is passionate about the work that the Studio does in providing unique and quality theatre in Alamance County.Throughout the 2024-25 fiscal…
$56,884 spent$136,387 earned by the program14% of program spendingClasses and workshops: One of the areas the Studio thrives in is engaging young people in the arts. Our education program continues to grow and thrive, offering 15 different classes ranging from dance, acting, voice, piano, and more! The Studio also invests heavily in the Junior Board an organization made up of teens who both lead at the Studio and volunteer for various productions throughout the year. This past season, the Junior Board produced a show called Antibiotic, which was 100% student-directed and performed.Perhaps nothing encapsulates the Studio's investment in local youth as the Broadway Bound production. Broadway Bound featured 55 students with ages ranging from 11 to 18. Each of these students participated in the learning, singing, blocking, and choreographing of musical numbers, and every participant had an opportunity to shine. Additionally, our middle school event 12@1 and our high school event 24@1 provided a fun opportunity for students to write and perform new works over the course of a weekend.
$9,022 spent$46,676 earned by the program2% of program spendingCamps: In the summer of 2024, Studio 1 had 120 kids, ages 7-17, participate in 3 separate two-week summer intensive camps. They performed Grease, Knights at Dawn, and Bugsy Malone. The Studio also offered a Tech Camp for students to learn the ins and the outs of the behind-the-scenes of a theatrical production and gain hands-on experience. The students had the opportunity to perform four shows over the course of a weekend for friends, family, and Studio 1 patrons.
$7,106 spent$39,951 earned by the program2% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $392,423.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2018 to 2019, from $18k to $51k (+186%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
43% of Studio 1’s revenue is contributions — about as donation-reliant as the typical peer (64% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2020 → 2023: the base broadened from 2 funders to 4 funders, grant income rose $6k → $29k.
2 of 8 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 9% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Studio 1’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Studio 1 leans on a few funders — its largest provides 28% of grant income and the top three 68%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
49% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Studio 1.
Largest funder’s share by year: 2020 99% · 2021 99% · 2022 97% · 2023 75% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
92% of Studio 1's grant income comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $14k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Studio 1 has grown faster than half of the 11,634 arts & culture nonprofits its size.
this organization peer median middle 50% of peers· 11,634 arts & culture nonprofits $100k–$1M, FY2025
Government funding Studio 1 receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $15k on record.
- National Endowment for the Arts$15k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like Studio 1
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
83% of spending goes to programs.
Governance
Public support
92%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for Studio 1: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Studio 1?
- Studio 1 (North Carolina) receives grants from 8 organizations whose IRS filings report $145,098 to it, the largest being THE TROON FOUNDATION ($40,000). 4 of them have funded it in more than one year.
- How many funders does Studio 1 have?
- IRS filings report 8 organizations giving $145,098 in grants to Studio 1, 4 of which have funded it in more than one year.
- Who is the largest funder of Studio 1?
- THE TROON FOUNDATION is the largest funder on record, with $40,000 in grants. The full list of funders is on this page.
- How can an organization like Studio 1 find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Studio 1 →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 8 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing