3s Contemporary Arts Space Inc
- Assets
- $1.7m
- Revenue
- $822.6k
- Investments
- $0.0
- Employees
- 18
- Location
- Portsmouth, NH
- Founding
- 03/2011
- Data as of
- 12/2020
- EIN
- 27-2227758
Organization Overview
3s Contemporary Arts Space Inc is located in Portsmouth, NH. The organization was established in 2011. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2020, 3s Contemporary Arts Space Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 3s Contemporary Arts 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 12/2020, 3s Contemporary Arts Space Inc generated $822.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $782.2k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.4%) 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CURIOSITY. CREATIVITY. COMMUNITY. THROUGH THE UNIQUE LENS OF CONTEMPORARY ARTS EXPERIENCES, 3S ARTSPACE INVITES DIVERGENT PERSPECTIVES AND ENCOURAGES LIVELY DISCOURSE CENTERED AROUND ISSUES OF TODAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
3S ARTSPACE IS A 501(C)(3) NONPROFIT CONTEMPORARY ARTS ORGANIZATION THAT COMBINES THE ONLY MIDSIZE, FLEXIBLE PERFORMANCE SPACE OF ITS KIND IN THE AREA, A LARGE CONTEMPORARY ART GALLERY, AND A SMALLER LOBBY GALLERY. 3S IS DEDICATED TO PRESENTING AND SUPPORTING BOLD, EMERGING ART AND ENTERTAINMENT AND TO CULTIVATING AN INFORMAL SPACE FOR THE EXCHANGE OF IDEAS AND CREATIVITY.3S TRADITIONALLY SERVES OVER 30,000 INDIVIDUALS EACH YEAR THROUGH TICKETED EVENTS, GALLERY VISITATION (ALWAYS FREE AND OPEN TO THE PUBLIC), ART AND ARTISAN SALES, AND PRIVATE EVENTS. 3S ARTSPACE HOSTS OVER 150 EVENTS EACH YEAR THAT ENGAGE AND PROVIDE SUPPORT FOR HUNDREDS OF ARTISTS AND MUSICIANS, PRESENT FREE EXHIBITIONS IN OUR GALLERIES, AN OUTDOOR SUMMER CONCERT SERIES, AND MANAGE PRIVATE EVENTS THAT SUPPORT OTHER NONPROFIT AND COMMUNITY ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cliff Lazenby Board Chair | OfficerTrustee | 2 | $0 |
Donata Random Treasurer Starting 2021 | OfficerTrustee | 2 | $0 |
Jonathan Damick Treasurer Thru 2020 | OfficerTrustee | 2 | $0 |
Laura Cleminson Secretary | OfficerTrustee | 2 | $0 |
Elizabeth Falconer Executive Director | OfficerTrustee | 40 | $0 |
Elissa Margolin Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $595,458 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,421 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $822,609 |
| Statement of Expenses | |
|---|---|
| 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. | $101,514 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $240,843 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,620 |
| Payroll taxes | $28,338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,237 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,287 |
| Office expenses | $1,244 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,238 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,689 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,842 |
| Insurance | $6,954 |
| All other expenses | $0 |
| Total functional expenses | $782,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,052 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $117,009 |
| Accounts receivable, net | $34,931 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,919 |
| Prepaid expenses and deferred charges | $13,804 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $19,620 |
| Other assets | $61,175 |
| Total assets | $1,725,816 |
| Accounts payable and accrued expenses | $61,852 |
| Grants payable | $0 |
| Deferred revenue | $11,716 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,358,448 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $116,352 |
| Total liabilities | $1,548,368 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $177,448 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that 3s Contemporary Arts Space Inc has recieved totaling $128,733.
| Awarding Organization | Amount |
|---|---|
New Hampshire Charitable Foundation Concord, NH PURPOSE: For general/annual support | $96,750 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $11,676 |
A Caring Community Kittery, ME PURPOSE: GENERAL SUPPORT | $10,272 |
New England Foundation For The Arts Inc Boston, MA PURPOSE: GENERAL OPERATING, CREATION AND/OR PRESENTING SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $35 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sterling & Francine Clark Art Inst Williamstown, MA | $670,367,352 | $8,296,004 |
Isabella Stewart Gardner Museum Inc Boston, MA | $347,979,013 | $30,352,820 |
Institute Of Contemporary Art Boston, MA | $121,321,339 | $26,427,567 |
Worcester Art Museum Worcester, MA | $148,643,203 | $30,005,812 |
Portland Museum Of Art Portland, ME | $75,826,769 | $10,432,428 |
Currier Museum Of Art Manchester, NH | $107,852,000 | $12,269,054 |
Norman Rockwell Museum At Stockbridge Inc Stockbridge, MA | $12,970,897 | $4,523,521 |
William A Farnsworth Library And Art Museum Inc Rockland, ME | $32,899,602 | $4,207,535 |
De Cordova And Dana Museum And Park Lincoln, MA | $16,380,697 | $4,288,131 |
Eric Carle Museum Of Picture Book Art Inc Amherst, MA | $15,457,741 | $5,749,801 |
Fitchburg Art Museum Fitchburg, MA | $25,526,367 | $5,731,661 |
Provincetown Art Association And Museum Inc Provincetown, MA | $15,877,090 | $3,732,108 |