Artists Space Inc
- Assets
- $6.8m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 17
- Location
- New York, NY
- Founding
- 03/1973
- Data as of
- 06/2021
- EIN
- 13-2749632
Organization Overview
Artists Space Inc is located in New York, NY. The organization was established in 1973. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Artists Space Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Artists Space Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Artists Space Inc generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ARTISTS SPACE IS A CONTEMPORARY ART SPACE THAT PROVIDES DIRECT SUPPORT TO ARTISTS THROUGH EXHIBITION OPPORTUNITIES AND PUBLIC PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MAINTAINS A COLLECTION OF UNIQUE ARTWORKS DONATED TO BENEFIT THE ORGANIZATION THROUGH THEIR SALE AT THE ORGANIZATION'S DISCRETION. THE VALUE OF THESE WORKS IS APPRAISED REGULARLY. ARTISTS SPACE IS NOT A COLLECTING INSTITUTION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Sanders Executive Di | Officer | 40 | $134,998 |
Eleanor Cayre Co-President | OfficerTrustee | 1 | $0 |
Steven Schindler Co-President | OfficerTrustee | 1 | $0 |
Andrew Stillpass Treasurer | OfficerTrustee | 1 | $0 |
Liam Gillik Secretary | Trustee | 1 | $0 |
Shane Akeroyd Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Qwest Contracting Corp 11 Cortlandt Alley Renovations | 6/29/20 | $1,415,621 |
Stageberg Architecture Pllc 11 Cortlandt Alley Renovations | 6/29/20 | $140,432 |
Qwest Contracting Corp 11 Cortlandt Alley Renovations | 6/29/20 | $1,415,621 |
Stageberg Architecture Pllc 11 Cortlandt Alley Renovations | 6/29/20 | $140,432 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $134,334 |
| All other contributions, gifts, grants, and similar amounts not included above | $961,212 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,095,546 |
| Total Program Service Revenue | $0 |
| Investment income | $294 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $776,182 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,999,612 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $134,998 |
| Compensation of current officers, directors, key employees. | $54,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $305,817 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,700 |
| Payroll taxes | $38,709 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $51,559 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,512 |
| Advertising and promotion | $33,115 |
| Office expenses | $44,068 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $503,682 |
| Travel | $19,456 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,655 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,020 |
| Insurance | $14,756 |
| All other expenses | $48,486 |
| Total functional expenses | $1,600,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,381,477 |
| Savings and temporary cash investments | $117,700 |
| Pledges and grants receivable | $565,251 |
| Accounts receivable, net | $10,244 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $222,241 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,412,397 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,851 |
| Total assets | $6,760,161 |
| Accounts payable and accrued expenses | $328,090 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $75,000 |
| Secured mortgages and notes payable | $1,183,915 |
| Unsecured mortgages and notes payable | $103,217 |
| Other liabilities | $145,131 |
| Total liabilities | $1,835,353 |
| Net assets without donor restrictions | $4,349,312 |
| Net assets with donor restrictions | $575,496 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,760,161 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Artists Space Inc has recieved totaling $575,667.
| Awarding Organization | Amount |
|---|---|
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $100,000 |
Robert Rauschenberg Foundation New York, NY PURPOSE: ONE TIME GRANT SUPPORT OF FREE PROGRAMS IN ARTISTS' SPACE BUILIDING IN TRIBECA | $100,000 |
The Andy Warhol Foundation For The Visual Arts Inc New York, NY PURPOSE: PROGRAM SUPPORT (OVER 2 YEARS) | $65,000 |
The Andy Warhol Foundation For The Visual Arts Inc New York, NY PURPOSE: PROGRAM SUPPORT (OVER 2 YEARS) | $65,000 |
Milton And Sally Avery Arts Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $50,000 |
Horace W Goldsmith Foundation New York, NY PURPOSE: GENERAL OPERATIONS | $50,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Production Industrial Tech Textile & Prof Employees Loc 124 Wlfr Fund Valhalla, NY | $838,103 | $5,998,825 |
Lily Auchincloss Foundation Inc New York, NY | $46,827,043 | $6,935,321 |
Solow Art And Architecture Foundation New York, NY | $241,786,081 | $29,285,009 |
Municipal Art Society Of New York New York, NY | $12,093,728 | $3,370,052 |
The Wildenstein Plattner Institute New York, NY | $1,898,409 | $4,064,152 |
Drawing Center Inc New York, NY | $11,094,197 | $3,697,448 |
Conservation Center For Art And Historic Artifacts Philadelphia, PA | $4,515,696 | $3,186,711 |
Clay Studio Philadelphia, PA | $16,944,971 | $9,873,164 |
Van Alen Institute Projects In Public Architecture Brooklyn, NY | $44,490,814 | $3,072,994 |
Urbanglass New York Contemporary Glass Center Inc Brooklyn, NY | $1,687,992 | $2,437,335 |
American Institute Of Architects New York, NY | $10,952,534 | $3,079,461 |
Manchester Craftsmens Guild Pittsburgh, PA | $15,522,345 | $4,460,670 |