TY 2014 Form 990

(A) Name and Title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)
(1) THOMAS CAHILL........................................................................ PRESIDENT & CEO	35.0 .......................0.0	X	X	264,800	25,596
(2) AGNES GUND........................................................................ CHAIRMAN & FOUNDER	2.0 .......................0.0	X	X	0	0
(3) KENNETH COOPER........................................................................ VICE CHAIRMAN	2.0 .......................0.0	X	X	0	0
(4) PATRICIA HEWITT ESQ........................................................................ TREASURER	2.0 .......................0.0	X	X	0	0
(5) MARY MATTINGLY........................................................................ SECRETARY	2.0 .......................0.0	X	X	0	0
(6) TONY BECHARA........................................................................ DIRECTOR	2.0 .......................0.0	X		0	0
(7) MARGARET REID BOYER........................................................................ DIRECTOR	2.0 .......................0.0	X		0	0
(8) EDWARD P HARDING........................................................................ DIRECTOR	2.0 .......................0.0	X		0	0
(9) ROBIN KASSIMIR FROM 415........................................................................ DIRECTOR	2.0 .......................0.0	X		0	0
(10) MARGARET HARDING........................................................................ DIRECTOR	2.0 .......................0.0	X		0	0
(11) DOROTHY LICHTENSTEIN........................................................................ DIRECTOR	2.0 .......................0.0	X		0	0
(12) KATHRYN MCAULIFFE........................................................................ DIRECTOR	2.0 .......................0.0	X		0	0
(13) JOANNA MILSTIN FROM 1014........................................................................ DIRECTOR	2.0 .......................0.0	X		0	0
(14) HASNA MUHAMMAD EDD........................................................................ DIRECTOR (FROM 6/15)	2.0 .......................0.0	X		0	0
(15) DR VIVIAN PAN FROM 415........................................................................ DIRECTOR	2.0 .......................0.0	X		0	0
(16) FRANCESCA ROSENBERG........................................................................ DIRECTOR	2.0 .......................0.0	X		0	0
(17) LINDA R SAFRAN........................................................................ DIRECTOR	2.0 .......................0.0	X		0	0

Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part VIII.	(A) Total expenses	(B) Program service expenses	(C) Management and general expenses	(D) Fundraising expenses
1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	99,122	99,122
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ....	190,966	190,966
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 ............	0
4	Benefits paid to or for members ....	0
5	Compensation of current officers, directors, trustees, and key employees ....	436,814	213,247	163,487	60,080
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....	0
7	Other salaries and wages ....	3,143,515	2,855,507	234,018	53,990
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	33,740	32,552		1,188
9	Other employee benefits .......	217,470	171,828	39,369	6,273
10	Payroll taxes ...........	261,095	188,835	65,367	6,893
11	Fees for services (non-employees):
a	Management ......	0
b	Legal .........	0
c	Accounting ...........	291,343	15,554	275,789
d	Lobbying ...........	0
e	Professional fundraising services. See Part IV, line 17	0
f	Investment management fees ......	0
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ....	375,613	233,072	105,879	36,662
12	Advertising and promotion ....	2,254	1,972	216	66
13	Office expenses .......	95,010	52,334	34,157	8,519
14	Information technology ......	0
15	Royalties ..	0
16	Occupancy ...........	51,867	46,627	3,994	1,246
17	Travel ............	28,494	26,563	546	1,385
18	Payments of travel or entertainment expenses for any federal, state, or local public officials ......	0
19	Conferences, conventions, and meetings ....	550	465	85
20	Interest ...........	0
21	Payments to affiliates .......	0
22	Depreciation, depletion, and amortization .....	60,690	52,211	6,465	2,014
23	Insurance ..............	16,093		16,093
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	PROGRAM SUPPLIES	261,995	259,846	2,149
b	DUES & SUBSCRIPTIONS	6,610	905	2,796	2,909
c	REPAIRS & MAINTENANCE	2,172	1,868	231	73
d	MISCELLANEOUS EXPENSES	57,965	51,972	2,430	3,563
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	5,633,378	4,495,446	953,071	184,861
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............
	1	Cash–non-interest-bearing .............	331,948	1	541,040
2	Savings and temporary cash investments .........	159,454	2	175,715
3	Pledges and grants receivable, net ...........	0	3	0
4	Accounts receivable, net .............	879,060	4	1,481,787
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L ..................
		0	5	0
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
		0	6	0
7	Notes and loans receivable, net .............	0	7	0
8	Inventories for sale or use ..............	0	8	0
9	Prepaid expenses and deferred charges ..........	7,298	9	5,917
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	1,137,834
b	Less: accumulated depreciation .....	10b	936,857	250,769	10c	200,977
11	Investments—publicly traded securities ..........	1,250,836	11	778,809
12	Investments—other securities. See Part IV, line 11 .....	14,431,886	12	13,316,464
13	Investments—program-related. See Part IV, line 11 .....	0	13	0
14	Intangible assets ...............	0	14	0
15	Other assets. See Part IV, line 11 ...........	59,364	15	199,686
16	Total assets. Add lines 1 through 15 (must equal line 34)......	17,370,615	16	16,700,395
	17	Accounts payable and accrued expenses .........	440,987	17	498,626
18	Grants payable .................	0	18	0
19	Deferred revenue ................	717,049	19	830,272
20	Tax-exempt bond liabilities .............	0	20	0
21	Escrow or custodial account liability. Complete Part IV of Schedule D..	0	21	0
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........	0	22	0
23	Secured mortgages and notes payable to unrelated third parties ..	0	23	0
24	Unsecured notes and loans payable to unrelated third parties ....	0	24	0
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................	0	25	0
26	Total liabilities. Add lines 17 through 25.........	1,158,036	26	1,328,898
		Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............	11,744,655	27	10,710,988
28	Temporarily restricted net assets ...........	1,432,974	28	1,625,559
29	Permanently restricted net assets ...........	3,034,950	29	3,034,950
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds ........		30
31	Paid-in or capital surplus, or land, building or equipment fund .....		31
32	Retained earnings, endowment, accumulated income, or other funds		32
33	Total net assets or fund balances ...........	16,212,579	33	15,371,497
34	Total liabilities and net assets/fund balances ........	17,370,615	34	16,700,395

- TIN:

SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
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Attach to Form 990 or Form 990-EZ.
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Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public
Inspection

Name of the organization

STUDIO IN A SCHOOL ASSOCIATION INC

Employer identification number

13-3003112

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E.)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in

section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross

receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of

its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses

acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box in lines 11a through 11d that describes the type of supporting organization and complete lines 11e, 11f, and 11g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations .............................

Provide the following information about the supported organization(s).

(i)Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i)Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2014

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....	4,726,912	4,648,215	6,208,319	4,382,674	4,371,668	24,337,788
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......						0
3	The value of services or facilities furnished by a governmental unit to the organization without charge..						0
4	Total. Add lines 1 through 3	4,726,912	4,648,215	6,208,319	4,382,674	4,371,668	24,337,788
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..						661,216
6	Public support. Subtract line 5 from line 4.						23,676,572

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
7	Amounts from line 4..	4,726,912	4,648,215	6,208,319	4,382,674	4,371,668	24,337,788
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	558,135	549,113	592,785	1,458,087	877,572	4,035,692
9	Net income from unrelated business activities, whether or not the business is regularly carried on..						0
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..	0	3,190	-211,717	54,815	96,194	-57,518
11	Total support Add lines 7 through 10.						28,315,962

Gross receipts from related activities, etc. (see instructions) ..................

1,528,683

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2014 (line 6, column (f) divided by line 11, column (f)) .........

83.616 %

Public support percentage for 2013 Schedule A, Part II, line 14 ...............

83.388 %

16a

33 1/3% support test—2014. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2013. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2014. If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain
in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization ..................................................... right arrow

10%-facts-and-circumstances test—2013. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly
supported organization ................................................ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990 or 990-EZ) 2014

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......
3	Gross receipts from activities that are not an unrelated trade or business under section 513..
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge..
6	Total. Add lines 1 through 5.
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons...
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2010	(b) 2011	(c) 2012	(d) 2013	(e) 2014	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization,
check this box and stop here............................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2014 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2013 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2014 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2013 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests—2014. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2013. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990 or 990-EZ) 2014

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 11 of Part I. If you checked 11a of Part I, complete Sections A and B. If you checked 11b of Part I, complete Sections A and C. If you checked 11c of Part I, complete Sections A, D, and E. If you checked 11d of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 11a or 11b in Part I, answer (b) and (c) below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations....

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed, (ii) the reasons for each such action, (iii) the authority under the organization's organizing document authorizing such action, and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (a) its supported organizations; (b) individuals that are part of the charitable class benefited by one or more of its supported organizations; or (c) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in IRC 4958(c)(3)(C)), a family member of a substantial contributor, or a 35-percent controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part II of Schedule L (Form 990).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined in line 9(a)) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined in line 9(a)) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of IRC 4943 because of IRC 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?

11a

A family member of a person described in (a) above?

11b

A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.

11c

Schedule A (Form 990 or 990-EZ) 2014

Page 5

Part IV

Supporting Organizations (continued)

Section B. Type I Supporting Organizations

Yes

Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (1) a written notice describing the type and amount of support provided during the prior tax year, (2) a copy of the Form 990 that was most recently filed as of the date of notification, and (3) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer (a) and (b) below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer (a) and (b) below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI the role played by the organization in this regard.

Schedule A (Form 990 or 990-EZ) 2014

Page 6

Part V – Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

1. Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970. See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by .035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6
7	Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990 or 990-EZ) 2014

Page 7

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity
3 Administrative expenses paid to accomplish exempt purposes of supported organizations
4 Amounts paid to acquire exempt-use assets
5 Qualified set-aside amounts (prior IRS approval required)
6 Other distributions (describe in Part VI). See instructions
7Total annual distributions. Add lines 1 through 6.
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions
9 Distributable amount for 2014 from Section C, line 6
10 Line 8 amount divided by Line 9 amount

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2014	(iii) Distributable Amount for 2014
1 Distributable amount for 2014 from Section C, line 6
2 Underdistributions, if any, for years prior to 2014 (reasonable cause required--see instructions)
3 Excess distributions carryover, if any, to 2014:
a From 2009.......X
b From 2010.......X
c From 2011.......X
d From 2012.......X
e From 2013.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2014 distributable amount
i Carryover from 2009 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.
4Distributions for 2014 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2014 distributable amount
c Remainder. Subtract lines 4a and 4b from 4.
5 Remaining underdistributions for years prior to 2014, if any. Subtract lines 3g and 4a from line 2 (if amount greater than zero, see instructions)
6 Remaining underdistributions for 2014. Subtract lines 3h and 4b from line 1 (if amount greater than zero, see instructions)
7 Excess distributions carryover to 2015. Add lines 3j and 4c.
8 Breakdown of line 7:
a From 2010.......X
b From 2011.......X
c From 2012.......X
d From 2013.......
e From 2014.......

Schedule A (Form 990 or 990-EZ) (2014)

Schedule A (Form 990 or 990-EZ) 2014

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation

Schedule A (Form 990 or 990-EZ) 2014

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Name of the organization

STUDIO IN A SCHOOL ASSOCIATION INC

Employer identification number

13-3003112

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or
property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 2

Name of organization STUDIO IN A SCHOOL ASSOCIATION INC

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 3

Name of organization STUDIO IN A SCHOOL ASSOCIATION INC

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 4

Name of organization
STUDIO IN A SCHOOL ASSOCIATION INC

Employer identification number

13-3003112

Part III

Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet

$
Use duplicate copies of Part III if additional space is needed.

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
Information about Schedule D (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization

STUDIO IN A SCHOOL ASSOCIATION INC

Employer identification number

13-3003112

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements .......................	2a
b	Total acreage restricted by conservation easements ..................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ....................	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .......................................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.

If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included in Form 990, Part VIII, line 1 ........................ SchDMd Bullet

(ii)

Assets included in Form 990, Part X .............................. SchDMd Bullet

$ 145,885

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:

Revenue included in Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2014

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other TO BE SOLD TO RAISE FUNDS

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No

If "Yes," explain the arrangement in Part XIII and complete the following table:


c	Beginning balance .................................	1c
d	Additions during the year ..............................	1d
e	Distributions during the year .............................	1e
f	Ending balance ...................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability?

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII .......

Part V

Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.

		(a)Current year	(b)Prior year	b (c)Two years back	(d)Three years back	(e)Four years back
1a	Beginning of year balance ....	14,933,547	13,906,517	12,372,088	12,273,196	10,435,322
b	Contributions ........	18,457	38,891	585,133	448,836	170,000
c	Net investment earnings, gains, and losses	-813,247	1,538,139	1,436,299	148,702	1,877,751
d	Grants or scholarships .....
e	Other expenditures for facilities and programs ........	550,000	550,000	487,003	491,544	209,877
f	Administrative expenses ....				7,102
g	End of year balance ......	13,588,757	14,933,547	13,906,517	12,372,088	12,273,196

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

76.790 %

Permanent endowment SchDMd Bullet

18.820 %

Temporarily restricted endowment SchDMd Bullet

4.390 %

The percentages in lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) unrelated organizations ........................

3a(i)

(ii) related organizations ........................

3a(ii)

If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(b)Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value
1a	Land .................
b	Buildings ................
c	Leasehold improvements ............	424,720	398,122	26,598
d	Equipment ................	486,137	408,234	77,903
e	Other .................	226,977	130,501	96,476
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......				200,977

Schedule D (Form 990) 2014

Page 3

Part VII

InvestmentsOther Securities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b)Book value	(c) Method of valuation: Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests
(3)Other (A) TIFF MULTI-ASSET FUND	12,728,370	F
(B) TIFF PRIVATE EQ. PARTNERSHIPS	588,094	F







Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	13,316,464

Part VIII

InvestmentsProgram Related. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment		(b) Book value	(c) Method of valuation: Cost or end-of-year market value









Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value









Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability		(b) Book value
Federal income taxes		0









Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)		0
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2014

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......			1	4,792,296
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a	-111,006
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................			2e	-111,006
3	Subtract line 2e from line 1.....................			3	4,903,302
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b.......................			4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	4,903,302

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........		1	5,633,378
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities ..........	2a
b	Prior year adjustments ..............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d......................		2e
3	Subtract line 2e from line 1.....................		3	5,633,378
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.......................		4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......		5	5,633,378

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
PART III, LINE 4:	THE ORGANIZATION RECEIVED CONTRIBUTIONS OF ARTWORK IN PRIOR YEARS TO BE SOLD TO RAISE FUNDS. VARIOUS PIECES OF ARTWORK ARE STILL IN THE ORGANIZATION'S POSSESSION.
PART V, LINE 4:	THE ENDOWMENT'S OBJECTIVE IS TO PROVIDE AN ANNUAL EARNINGS CASH FLOW TO ASSIST IN COVERING THE COST OF THE REPORTING ORGANIZATION'S OPERATIONS.
PART X, LINE 2:	STUDIO IN A SCHOOL ASSOCIATION, INC. (THE "REPORTING ORGANIZATION") WAS INCORPORATED IN THE STATE OF NEW YORK AND IS EXEMPT FROM FEDERAL, STATE AND LOCAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND THEREFORE HAS MADE NO PROVISION FOR INCOME TAXES IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION. IN ADDITION, THE REPORTING ORGANIZATION HAS NOT TAKEN AN UNSUBSTANTIATED TAX POSITION THAT WOULD REQUIRE PROVISION OF A LIABILITY UNDER ASC 740, "INCOME TAXES". UNDER ASC 740, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL NOT BE SUSTAINED. THE REPORTING ORGANIZATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE REPORTING ORGANIZATION HAS FILED INTERNAL REVENUE SERVICE ("IRS") FORM 990, AS REQUIRED, AND ALL OTHER APPLICABLE RETURNS IN JURISDICTIONS WHEN IT IS REQUIRED. FOR THE YEARS ENDED JUNE 30, 2015 AND 2014, THERE WAS NO UNRELATED BUSINESS INCOME, AND THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE FINANCIAL STATEMENTS.

Schedule D (Form 990) 2014

Additional Data

Software ID:
Software Version:

- TIN:

Schedule I
(Form 990)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990.
lBullet

Information about Schedule I (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public
Inspection

Name of the organization
STUDIO IN A SCHOOL ASSOCIATION INC

Employer identification number
13-3003112

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21, for any recipient that received more than $5,000. Part II can be duplicated if additional space is needed.

(a) Name and address of organization or government	(b) EIN	(c) IRC section if applicable	(d) Amount of cash grant	(h) Purpose of grant or assistance
(1) NYC DEPARTMENT OF EDUCATION 65 COURT ST ROOM 824 BROOKLYN,NY11201	13-6400434		56,050	SEE PART IV
(2) THE ARTS CONNECTION INC 520 8TH AVE STE 321 NEW YORK,NY10018	13-2953240	501(C)(3)	10,857	SEE PART IV
(3) CARNEGIE HALL (WEILL MUSIC INSTITUTE) 881 7TH AVE NEW YORK,NY10019	13-1923626	501(C)(3)	6,865	SEE PART IV
(4) 92ND STREET Y HARKNESS DANCE CENTER 1395 LEXINGTON AVE NEW YORK,NY10128	13-1624229	501(C)(3)	15,557	SEE PART IV
(5) COOPER HEWITT NATIONAL DESIGN MUSEUM 2 EAST 91ST ST NEW YORK,NY10128	53-0206027	501(C)(3)	9,793	SEE PART IV

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................ Bullet Image

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2014

Page 2

Part III

Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.

(a)Type of grant or assistance	(b)Number of recipients	(c)Amount of cash grant
(1) STIPENDS	194	61,946
(2) INTERNSHIP STIPENDS	73	102,270
(3) SCHOLARSHIPS	15	26,750

Part IV

Supplemental Information. Provide the information required in Part I, line 2, Part III, column (b), and any other additional information.

Return Reference	Explanation
PART I, LINE 2:	EACH OF THE SUB-RECIPIENTS SUBMIT A MONTHLY VOUCHER, DESIGNED BY STUDIO IN A SYHOOL, TO REPORT SUMMARY EXPENSES FOR THEIR FEDERALLY-FUNDED CONTRACTUAL PORTION OF THE GRANT AND FOR THEIR MATCHING IN-KIND REQUIREMENT. EACH VOUCHER ALSO INCLUDES A BACK-UP SPREADSHEET FOR EACH OF THE EXPENDITURE CATEGORIES LISTED ON THEIR BUDGET SUBMITTED TO THE FEDERAL DEPARTMENT OF EDUCATION, E.G., SALARY, SUPPLIES, CONTRACTORS. IN ADDITION, SUB-CONTRACTORS SUBMIT MONTHLY (THE NYC DOE SUBMITS QUARTERLY) LETTERS AFFIRMING THAT THEY HAVE MADE PAYROLL TAX PAYMENTS.
PART II, COLUMN (H):	THE PURPOSE OF ALL GRANTS PAID WERE TO DEVELOP PERFORMANCE ASSESSMENTS, CURRICULAR SUPPORTS, AND PROFESSIONAL DEVELOPMENT.

Return Reference

Explanation

PART I, LINE 2:

EACH OF THE SUB-RECIPIENTS SUBMIT A MONTHLY VOUCHER, DESIGNED BY STUDIO IN A SYHOOL, TO REPORT SUMMARY EXPENSES FOR THEIR FEDERALLY-FUNDED CONTRACTUAL PORTION OF THE GRANT AND FOR THEIR MATCHING IN-KIND REQUIREMENT. EACH VOUCHER ALSO INCLUDES A BACK-UP SPREADSHEET FOR EACH OF THE EXPENDITURE CATEGORIES LISTED ON THEIR BUDGET SUBMITTED TO THE FEDERAL DEPARTMENT OF EDUCATION, E.G., SALARY, SUPPLIES, CONTRACTORS. IN ADDITION, SUB-CONTRACTORS SUBMIT MONTHLY (THE NYC DOE SUBMITS QUARTERLY) LETTERS AFFIRMING THAT THEY HAVE MADE PAYROLL TAX PAYMENTS.

PART II, COLUMN (H):

THE PURPOSE OF ALL GRANTS PAID WERE TO DEVELOP PERFORMANCE ASSESSMENTS, CURRICULAR SUPPORTS, AND PROFESSIONAL DEVELOPMENT.

Schedule I (Form 990) 2014

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" to Form 990, Part IV, line 23.
SchJMediumBullet

Attach to Form 990.
SchJMediumBullet

Information about Schedule J (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization

STUDIO IN A SCHOOL ASSOCIATION INC

Employer identification number

13-3003112

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain....

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? ..

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? ................

Yes

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ...........................

Any related organization? .........................

If "Yes," to line 5a or 5b, describe in Part III.

For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ...........................

Any related organization? .........................

If "Yes," to line 6a or 6b, describe in Part III.

For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................

If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2014

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2 and/or 1099-MISC compensation			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column(B) reported as deferred in prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1THOMAS CAHILLPRESIDENT & CEO	(i) (ii)	264,800 ............................... 0	0 ............................... 0	0 ............................... 0	22,080 ............................... 0	3,516 ............................... 0	290,396 ............................... 0	0 ............................... 0
2FRANCES VAN HORN THRU 114EXECUTIVE DIRECTOR	(i) (ii)	0 ............................... 0	0 ............................... 0	127,109 ............................... 0	0 ............................... 0	241 ............................... 0	127,350 ............................... 0	0 ............................... 0

Schedule J (Form 990) 2014

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.
Also complete this part for any additional information.

Return Reference	Explanation
PART I, LINE 4A:	DURING 2014, FRANCES VAN HORN, RECEIVED A SEVERANCE PAYMENT OF $120,000, WHICH IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III).

Schedule J (Form 990) 2014

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public
Inspection

Name of the organization

STUDIO IN A SCHOOL ASSOCIATION INC

Employer identification number

13-3003112

Return Reference	Explanation
FORM 990, PART I, LINE 1:	COLLABORATE AND DEVELOP THE ABILITY OF THOSE WHO PROVIDE OR SUPPORT ARTS PROGRAMMING AND CREATIVE DEVELOPMENT FOR YOUTH BOTH IN AND OUT OF SCHOOLS. FORM 990, PART III, LINE 4D: 1) NEW INITIATIVES - STUDIO CONTINUED TO EXTEND ITS REACH TO STUDENTS BOTH IN AND OUTSIDE OF THE NYC PUBLIC SCHOOL SYSTEM WITH DEMONSTRATED NEED AND SPECIAL INTEREST IN THE VISUAL ARTS. THE ORGANIZATION PROVIDED VISUAL ARTS INSTRUCTION AND/OR INTERNSHIPS TO STUDENTS IN 6TH GRADE THROUGH COLLEGE, AND VISUAL ARTS ENRICHMENT, BUILDING ON THEIR RESIDENCIES IN OTHER STUDIO PROGRAMS. OVERALL, THE VARIOUS INITIATIVE PROGRAMS PROVIDED RESIDENCIES, INTERNSHIPS, SCHOLARSHIPS, A CITYWIDE JURIED EXHIBITION, AND SATURDAY ENRICHMENT PROGRAMS. ART & HEALTHY LIVING, AN INNOVATIVE ART AND NUTRITION CURRICULUM COMPLETED ITS FOURTH YEAR, SERVING 2,391 STUDENTS IN 3RD THROUGH 5TH GRADES AND THEIR TEACHERS IN 29 RESIDENCIES. 148 STUDENTS PARTICIPATED IN HIGH SCHOOL AND COLLEGE INTERNSHIPS. EXPENSES: $493,067. GRANTS: $113,220. 2) TEENS - STUDIO INTENSIVES ARE ADVANCED VISUAL ARTS WORKSHOPS IN STUDIO'S WESTSIDE ART STUDIO OFFERED FREE ON SATURDAYS AND DURING SCHOOL BREAKS. THROUGH APPRENTICESHIPS AND INTERNSHIPS, HIGH SCHOOL STUDENTS LEARN ABOUT CAREERS IN THE ARTS THROUGH SUMMER EMPLOYMENT OPPORTUNITIES. EXPENSES: $462,650. GRANTS: $77,746. REVENUE: $26,858. 3) FEDERAL RESEARCH GRANTS - I. FEDERAL DOE I3 ARTS ACHIEVE GRANT. STUDIO IS THE LEAD PARTNER OF A MULTI-AGENCY, MULTI-ARTS GRANT TO CREATE PROGRAMMING TO HELP CLOSE THE ARTS ACHIEVEMENT GAP AND IMPROVE OUTCOMES FOR HIGH-NEED STUDENTS. THE GRANT BEGAN IN OCTOBER OF 2010. SPECIFICALLY, THE GRANT AIMS TO: 1) IMPROVE STUDENT ACHIEVEMENT IN THE ARTS - VISUAL ARTS, MUSIC, THEATER AND DANCE - BY IMPLEMENTING BALANCED ARTS ASSESSMENTS AT THE 5TH GRADE, 8TH GRADE, AND HIGH SCHOOL LEVELS THAT ARE ALIGNED TO ACADEMIC ACHIEVEMENT STANDARDS FOR HIGH-NEED STUDENTS; 2) TRANSLATE ASSESSMENT RESULTS INTO CLASSROOM PRACTICES THAT SUPPORT IMPROVED ARTS ACHIEVEMENT FOR ALL STUDENTS; 3) PROMOTE INNOVATIONS IN STUDENT/TEACHER ACCESS TO CONTENT AND ASSESSMENT FEEDBACK THROUGH THE USE OF TECHNOLOGY. DURING FISCAL 2015, THE 6 PARTNER GROUPS PLANNED AND DEVELOPED IMPLEMENTATION COMPONENTS, INCLUDING: 1) CONTINUATION OF TREATMENT AND CONTROL SITES (44); 2) DELIVERING AND SCORING OF PERFORMANCE ASSESSMENTS IN NYC PUBLIC SCHOOLS; 3) ADJUSTING RUBRICS ALIGNED TO THE ASSESSMENTS; AND 4) CONTINUED TREATMENTS (PROFESSIONAL DEVELOPMENT) FROM ARTISTIC STAFF FROM CULTURAL ORGANIZATIONS FOR ART TEACHERS IN TREATMENT SITES FOR YEAR 4 OF THE GRANT. FUTHERMORE, THE PARTNER GROUPS BEGAN AN "ARTS ACHIEVE" WEBSITE TO DISSEMINATE RESULTS OF THE PROJECT, BY DOCUMENTING BEST PRACTICES WITHIN THE TREATMENT GROUPS. II. FEDERAL DOE ARTS EDUCATION MODEL DEVELOPMENT AND DISSEMINATION GRANT AEMDD: STUDIO RECIEVED A SECOND AEMDD GRANT IN OCTOBER 2014, "EXPANDING THE FRAME", WHICH PROVIDED FUNDS OVER FOUR YEARS TO IMPROVE EDUCATIONAL OUTCOMES FOR UPPER GRADE STUDENTS IN HIGH-POVERTY, LOW-PERFORMING ELEMENTARY SCHOOLS. THIS PLANNING YEARS WAS DEVOTED TO SETTING UP THE PROJECT IN FOUR TITLE I NYC ELEMENTARY SCHOOLS IN THE SOUTH BRONX, AMONG THE 5% LOWEST-PERFORMING SCHOOLS IN NEW YORK STATE. EXPENSES: $394,172. GRANTS: $99,122. 4) EXHIBITIONS - MANY SITES PARTICIPATE IN STUDIO EXHIBITION COLLABORATIONS WITH CULTURAL INSTITUTIONS. ARTWORK IS ALSO EXHIBITED AT STUDIO'S GALLERY SPACE: 1 EAST 53RD STREET. EXPENSES: $68,709. 5) ARTIST AND PROFESSIONAL DEVELOPMENT - THROUGH GROUP TRAININGS AND ARTISTS SHADOWING ONE ANOTHER, STUDIO CREATES AND MAINTAINS A COMMUNITY OF ARTISTS WHO TEACH TO THE HIGHEST STANDARDS. EXPENSES: $63,807.
FORM 990, PART VI, SECTION A, LINE 2:	DIRECTORS EDWARD HARDING AND MARGARET HARDING HAVE A FAMILY RELATIONSHIP.
FORM 990, PART VI, SECTION B, LINE 11B:	THE ORGANIZATION'S MANAGEMENT CONDUCTS AN INITIAL REVIEW OF THE FORM 990. THE FORM 990 IS THEN DISTRIBUTED TO THE FULL BOARD OF DIRECTORS FOR THE OPPORTUNITY TO REVIEW AND MAKE INQUIRY PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C:	THE OFFICERS, DIRECTORS, AND KEY EMPLOYEES OF THE STUDIO IN A SCHOOL ASSOCIATION, INC. REVIEW THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. THIS DISTRIBUTION IS RECORDED IN THE CONTEMPORANEOUS MINUTES OF THE BOARD MEETING. THE DISCLOSURE STATEMENTS ARE SIGNED AND SUBMITTED TO THE CHAIRPERSON OF THE BOARD. PRIOR TO THEIR ELECTION, ANY POTENTIAL MEMBERS DISCLOSE, IN WRITING, ANY INTEREST IN ANY CORPORATION OR OTHER ORGANIZATION THAT PROVIDES GOODS OR PROFESSIONAL SERVICES TO THE CORPORATION FOR A FEE OR OTHER COMPENSATION. IF AT ANY TIME A DIRECTOR OR OFFICER ACQUIRES AN INTEREST IN A MATTER THAT MIGHT POSE A CONFLICT, HE OR SHE PROMPTLY DISCLOSES SUCH INTEREST IN WRITING TO THE CHAIRPERSON OF THE BOARD. WHEN ANY MATTER IN WHICH A DIRECTOR, OFFICER, OR KEY EMPLOYEE HAS AN INTEREST COMES BEFORE THE BOARD OR A COMMITTEE OF THE BOARD FOR DECISION OR APPROVAL, THE INTEREST SHALL IMMEDIATELY BE DISCLOSED TO THE BOARD OF COMMITTEE BY THE INDIVIDUAL WHO HAS THE INTEREST.
FORM 990, PART VI, SECTION B, LINES 15A AND 15B:	THE BUDGET/PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION FOR THE PRESIDENT & CEO, EXECUTIVE VICE PRESIDENT, EXECUTIVE DIRECTOR, DEVELOPMENT MANAGER, AND DIRECTOR OF PROGRAMS-- THE KEY EMPLOYEES OF THE ORGANIZATION, THROUGH DELIBERATION AT ITS ANNUAL REVIEW MEETING OF THE PROPOSED ORGANIZATION BUDGET IN THE LATE SPRING (APRIL-MAY) OF EACH FISCAL YEAR FOR THE ENSUING FISCAL YEAR. IN ORDER TO DETERMINE COMPENSATION, THE COMMITTEE REVIEWS STAFF COMPENSATION HISTORY, AND DATA SUCH AS INFLATION. COMPARABILITY DATA IS PRESENTED (E.G., FROM THE NON-PROFIT COORDINATING COMMITTEE SALARY SURVEY). THE DELIBERATION IS CONTEMPORANEOUSLY SUBSTANTIATED THROUGH WRITTEN MINUTES OF THE MEETING(S). THE FINAL SALARY PROPOSAL IS PRESENTED AT THE MEETING OF THE BOARD OF DIRECTORS IN JUNE FOR APPROVAL AS PART OF THE PROPOSED ANNUAL EXPENSE BUDGET.
FORM 990, PART VI, SECTION C, LINE 19:	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2014

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: TO FOSTER THE CREATIVE AND INTELLECTUAL DEVELOPMENT OF NYC YOUTH THROUGH QUALITY VISUAL ARTS PROGRAMS, DIRECTED BY ARTS PROFESSIONALS AND (CONTINUED ON SCHEDULE O)
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	18
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	17
5	Total number of individuals employed in calendar year 2014 (Part V, line 2a) ......	5	302
6	Total number of volunteers (estimate if necessary) .............	6	17
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	-384
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	-634

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	4,382,674	4,371,668
9	Program service revenue (Part VIII, line 2g) .........	292,920	337,952
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	2,205,508	97,488
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	54,815	96,194
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)...................	6,935,917	4,903,302
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	812,405	290,088
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	4,325,282	4,092,634
16a	Professional fundraising fees (Part IX, column (A), line 11e).....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 184,861
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	1,162,487	1,250,656
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	6,300,174	5,633,378
19	Revenue less expenses. Subtract line 18 from line 12.......	635,743	-730,076
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	17,370,615	16,700,395
21	Total liabilities (Part X, line 26).............	1,158,036	1,328,898
22	Net assets or fund balances. Subtract line 21 from line 20.....	16,212,579	15,371,497

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 1,219,118 including grants of $ 0 ) (Revenue $ 202,638 )
	RESIDENCY PROGRAMS: SCHOOL-DAY AND AFTER-SCHOOL RESIDENCIES, INCLUDING SPECIAL GRANTS FROM THE DEPARTMENT OF CULTURAL AFFAIRS FOR AFTER SCHOOL PROGRAMMING IN FOUR SCHOOLS. ART INSTRUCTION RESIDENCIES MAY BE PURCHASED BY ANY NYC PUBLIC SCHOOL AND SELECTED COMMUNITY-BASED ORGANIZATIONS AND WERE ADAPTED TO SERVE GRADES PRE-K THROUGH HIGH SCHOOL. FOUR TO FIVE CLASSES IN EACH DAY-PROGRAM SITE AND 1-2 GROUPS OF STUDENTS IN AFTER-SCHOOL RESIDENCIES RECEIVED AN INTRODUCTION TO VARIOUS MEDIA OVER THE COURSE OF 6-20 WEEKS. SOME SITES CONTRACTED FOR MULTIPLE RESIDENCIES DURING THE SCHOOL YEAR, FOR A TOTAL OF 185 RESIDENCIES, 19 PARENT WORKSHOPS AND COMMUNITY ART DAYS, AND 3 PROFESSIONAL DEVELOPMENT WORKSHOPS. 14,170 STUDENTS WERE SERVED IN 70 SITES. ONE ARTIST/TEACHER PLANNING MEETING AND 1 PROFESSIONAL DEVELOPMENT SESSION OCCURS IN EACH DAY RESIDENCY OF AT LEAST 14 WEEKS.

4b	(Code: ) (Expenses $ 1,163,604 including grants of $ 0 ) (Revenue $ 55,956 )
	LONG TERM PROGRAM: IN-DEPTH VISUAL ARTS SERVICES FOR NYC TITLE I PUBLIC ELEMENTARY SCHOOLS. A PROFESSIONAL ARTIST IN EACH SITE WORKED WITH BETWEEN 8 AND 16 CLASSES WEEKLY (2-4 DAYS PER WK) FOR THE SCHOOL YEAR (60 TO 120 DAYS) PROVIDING ART INSTRUCTION AND MAKING ART AN INTEGRAL PART OF CHILDREN'S EDUCATION. IN FISCAL YEAR 2015, 25 SCHOOLS COMPRISED OF OVER 9,645 STUDENTS TOOK PART IN ART MEDIA-BASED UNITS SELECTED FROM DRAWING, PAINTING, PRINTMAKING, COLLAGE, SCULPTURE AND TWO-DIMENSIONAL APPLIED DESIGN. 2,663 TEACHING DAYS AND OTHER SERVICE DAYS OCCURRED. CLASSROOM TEACHERS ALSO RECEIVED ART PROFESSIONAL DEVELOPMENT SESSIONS (1-2 PER SCHOOL); A PARENT WORKSHOP WAS OFFERED IN EACH SCHOOL TO INTRODUCE ART MEDIA AND EXTEND ART ACTIVITIES AT HOME.

4c	(Code: ) (Expenses $ 630,319 including grants of $ 0 ) (Revenue $ 52,500 )
	EARLY CHILDHOOD PROGRAM: YEAR-LONG VISUAL ARTS RESIDENCIES FOR NYC TITLE I PUBLIC ELEMENTARY SCHOOLS AND PUBLICLY FUNDED DAY NEW YORK CITY EARLY EDUCATION CENERS (NYCEES). THE AIM OF THE 1-YEAR PRE-K/K PROGRAM IS TO INSTITUTE ART ACTIVITIES AS A REGULAR PART OF STUDENTS' EDUCATIONAL PROGRAMMING, SUSTAINABLE AFTER STUDIO'S TENURE AT EACH SITE. A PROFESSIONAL ARTIST IN EACH SITE WORKED WITH BETWEEN 4 TO 5 CLASSES ONE DAY-PER-WEEK FOR 20 DIRECT SERVICE DAYS, PROVIDING ART INSTRUCTION AS WELL AS MENTORING TEACHERS. 10 SCHOOLS PARTICIPATED IN FISCAL YEAR 2015; 1,250 STUDENTS TOOK PART IN PAINTING, WOOD CONSTRUCTION, COLLAGE, AND CLAY UNITS OF 5 SESSIONS EACH; CLASSROOM TEACHERS ALSO RECEIVED 2 FULL-DAY PROFESSIONAL DEVELOPMENT SESSIONS AT STUDIO; 1 PARENT WORKSHOPS WAS ALSO PROVIDED AT EACH SITE TO INTRODUCE ART MEDIA AND EXTEND ART ACTIVITIES AT HOME. THE SECOND COMPONENT TO THE EARLY CHILDHOOD PROGRAM IS THE PRE-K MENTORING RESIDENCY PROGRAM, DESIGNED SPECIFICALLY FOR TITLE I PUBLIC SCHOOLS AND NYCEES. THIS 14-WEEK PROGRAM INCLUDES 10 DIRECT SERVICE DAYS AND 2 FULL-DAYS OF PROFESSIONAL DEVELOPMENT WITH 1 INTERVISITATION DAY WHERE SITES VISIT EACH OTHER TO OBSERVE. 20 SCHOOLS PARTICIPATED WITH 1,272 STUDENTS AND 122 TEACHERS.

4d	Other program services (Describe in Schedule O.)
	(Expenses $ 1,482,405 including grants of $ 290,088 ) (Revenue $ 26,858 )
4e	Total program service expenses4,495,446

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)............	534,590	0	27,499

(A) Name and Title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)			(D) Reportable compensation from the organization (W- 2/1099-MISC)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and Title
(18) AMANDA TAYLOR........................................................................ DIRECTOR	2.0 .......................0.0	X			0	0	0
(19) LAUREN BRANDT SCHLOSS........................................................................ EXECUTIVE VP (THRU 5/15)	35.0 .......................0.0		X		142,681	0	1,662
(20) KAREN DAVIDSON FROM 515........................................................................ CHIEF OPERATING OFFICER	35.0 .......................0.0		X		0	0	0
(21) FRANCES VAN HORN THRU 114........................................................................ EXECUTIVE DIRECTOR	35.0 .......................0.0			X	127,109	0	241

(A) Name and business address	(B) Description of services	(C) Compensation
KIWI PARTNERS INC, 381 PARK AVENUE SOUTH SUITE 820 NEW YORK,NY10016	ACCOUNTING	275,449




2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 1

				(A) Total revenue	(B) Related or exempt function revenue	(C) Unrelated business revenue	(D) Revenue excluded from tax under sections 512-514
1a	Federated campaigns..1a
b	Membership dues....1b
c	Fundraising events....1c
d	Related organizations...1d
e	Government grants (contributions)1e		2,209,680

f	All other contributions, gifts, grants, and similar amounts not included above1f		2,161,988

g	Noncash contributions included in lines 1a-1f:$		18,457
h	Total. Add lines 1a-1f.......			4,371,668
			Business Code
2a	FEES FROM SCHOOL FUNDS AND CBO'S		900099	337,952	337,952
b
c
d
e
f	All other program service revenue .
g	Total. Add lines 2a–2f........			337,952
3	Investment income (including dividends, interest, and other similar amounts).......			877,572		-384	877,956
4	Income from investment of tax-exempt bond proceeds..			0
5	Royalties...........			0
		(i) Real	(ii) Personal
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)	0	0
d	Net rental income or (loss).......			0
		(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	13,813,321	96,194
b	Less: cost or other basis and sales expenses	14,689,599
c	Gain or (loss)	-876,278	96,194
d	Net gain or (loss)..........			-780,084			-780,084
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ..
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..			0
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities...			0
10a	Gross sales of inventory, less returns and allowances .
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..			0
Miscellaneous Revenue			Business Code
11a	MISCELLANEOUS REVENUE			96,194			96,194
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			96,194
12	Total revenue. See Instructions......			4,903,302	337,952	-384	194,066


				(A) Beginning of year		(B) End of year
1	Cash–non-interest-bearing .............			331,948	1	541,040
2	Savings and temporary cash investments .........			159,454	2	175,715
3	Pledges and grants receivable, net ...........			0	3	0
4	Accounts receivable, net .............			879,060	4	1,481,787
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L ..................
				0	5	0
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
				0	6	0
7	Notes and loans receivable, net .............			0	7	0
8	Inventories for sale or use ..............			0	8	0
9	Prepaid expenses and deferred charges ..........			7,298	9	5,917
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	1,137,834
b	Less: accumulated depreciation .....	10b	936,857	250,769	10c	200,977
11	Investments—publicly traded securities ..........			1,250,836	11	778,809
12	Investments—other securities. See Part IV, line 11 .....			14,431,886	12	13,316,464
13	Investments—program-related. See Part IV, line 11 .....			0	13	0
14	Intangible assets ...............			0	14	0
15	Other assets. See Part IV, line 11 ...........			59,364	15	199,686
16	Total assets. Add lines 1 through 15 (must equal line 34)......			17,370,615	16	16,700,395
17	Accounts payable and accrued expenses .........			440,987	17	498,626
18	Grants payable .................			0	18	0
19	Deferred revenue ................			717,049	19	830,272
20	Tax-exempt bond liabilities .............			0	20	0
21	Escrow or custodial account liability. Complete Part IV of Schedule D..			0	21	0
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........			0	22	0
23	Secured mortgages and notes payable to unrelated third parties ..			0	23	0
24	Unsecured notes and loans payable to unrelated third parties ....			0	24	0
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................			0	25	0
26	Total liabilities. Add lines 17 through 25.........			1,158,036	26	1,328,898
	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............			11,744,655	27	10,710,988
28	Temporarily restricted net assets ...........			1,432,974	28	1,625,559
29	Permanently restricted net assets ...........			3,034,950	29	3,034,950
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds ........				30
31	Paid-in or capital surplus, or land, building or equipment fund .....				31
32	Retained earnings, endowment, accumulated income, or other funds				32
33	Total net assets or fund balances ...........			16,212,579	33	15,371,497
34	Total liabilities and net assets/fund balances ........			17,370,615	34	16,700,395