Spaces
- Assets
- $2.5m
- Revenue
- $477.3k
- Investments
- $80.7k
- Employees
- 12
- Location
- Cleveland, OH
- Founding
- 08/1978
- Data as of
- 12/2021
- EIN
- 34-1244922
Organization Overview
Spaces is located in Cleveland, OH. The organization was established in 1978. 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 12/2021, Spaces employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spaces 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 12/2021, Spaces generated $477.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $576.2k during the year ending 12/2021. 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
SPACES IS FOR THE ADVANCEMENT OF PUBLIC INTEREST AND PARTICIPATION IN THE VISUAL PERFORMING AND FINE ARTS BY PROVIDING A RESOURCE AND PUBLIC FORUM FOR ARTISTS TO EXPLORE AND EXPERIMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPACES COMMISSIONS ARTISTS FROM AROUND THE WORLD-AT ALL STAGES OF THEIR CAREERS-TO MAKE NEW WORK THAT IS RESPONSIVE TO TIMELY ISSUES. THROUGH OUR RESIDENCY & EXHIBITION PROGRAM, WE PROVIDE COMPENSATION, SUPPORT, AND ACCESS TO RESOURCES FOR CULTURAL PRODUCERS WHO IMMERSE THEMSELVES IN CLEVELAND FOR UP TO EIGHT WEEKS. THROUGH OUR REGRANTING PROGRAMS, RESIDENCIES, AND PUBLIC PROGRAMS, WE GIVE ARTISTS THE KIND OF SUPPORT RARELY SEEN OUTSIDE MAJOR INSTITUTIONS, LEADING TO AMBITIOUS NEW PROJECTS THAT REACH AN INTERNATIONAL STAGE AND EXPAND ARTISTS' PRACTICES. IN 2002, SPACES ESTABLISHED OUR INTERNATIONAL ARTIST RESIDENCY MODEL. RESULTING PROGRAMMING IS PRESENTED QUARTERLY, WITH RESIDENT PROJECTS EXHIBITED IN CONJUNCTION WITH OTHER ARTIST PROJECTS. OUR REGRANTING PROGRAMS INCLUDE THE SATELLITE FUND, ADMINISTERED BY SPACES THROUGH A REGIONAL REGRANTING PROGRAM OF THE ANDY WARHOL FOUNDATION FOR THE VISUAL ARTS, AND THE URGENT ART FUND, ADMINISTERED BY SPACES AS A PART OF THE SUPPORT FOR ARTISTS FOR CUYAHOGA COUNTY ARTISTS, IN PARTNERSHIP WITH CUYAHOGA ARTS & CULTURE. THESE GRANTS MAY GO TOWARD PRODUCTION EXPENSES AND ARTIST COMMISSION FOR THE CREATION OF "URGENT ART" THAT IS SOCIALLY, POLITICALLY, OR CULTURALLY RESPONSIVE. BY DESIGNATING FUNDS SPECIFICALLY FOR SUCH PROJECTS TAKING PLACE IN THE PUBLIC REALM, WE CAN HELP ARTISTS IMMEDIATELY ENGAGE THEIR COMMUNITY IN CREATIVE DIALOGUE ABOUT THE MOST PRESSING ISSUES. BY INFUSING OUR CULTURAL ECONOMY WITH THIS SUPPORT, WE HOPE TO CONTRIBUTE TO THE LONG-TERM VITALITY OF THE FIELD. SPACES' CREATIVE ENGAGEMENT INITIATIVES COMPLEMENT OUR EXHIBITIONS WITH AUDIENCE-FORWARD PROGRAMMING CONTEXTUALIZED BY ON-SITE, OFF-SITE, AND DIGITAL EXHIBITIONS AND ARTIST PROJECTS. BY PROVIDING ACCESSIBLE WAYS OF LEARNING ABOUT ART, ARTISTS, AND CREATIVE PRODUCTION WE HELP FORGE CONNECTIONS AND UNDERSTANDING OF THE CULTURAL VALUE OF ART.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Tarditi Board Treasu | OfficerTrustee | 2 | $0 |
Key Jo Lee Vice Preside | OfficerTrustee | 1 | $0 |
Kristin M Rogers Board Presid | OfficerTrustee | 2 | $0 |
Gulnar Feerasta Board Member | Trustee | 1 | $0 |
Steven Cencula Board Member | Trustee | 1 | $0 |
Bill Gagliano Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $166,969 |
| All other contributions, gifts, grants, and similar amounts not included above | $271,490 |
| Noncash contributions included in lines 1a–1f | $1,221 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $438,459 |
| Total Program Service Revenue | $1,610 |
| Investment income | $10,065 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,115 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,277 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $477,335 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $95,618 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,758 |
| Compensation of current officers, directors, key employees. | $22,315 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,668 |
| Pension plan accruals and contributions | $477 |
| Other employee benefits | $6,774 |
| Payroll taxes | $18,585 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,282 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,410 |
| Advertising and promotion | $0 |
| Office expenses | $6,256 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,981 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,925 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,297 |
| Insurance | $6,929 |
| All other expenses | $781 |
| Total functional expenses | $576,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,234 |
| Savings and temporary cash investments | $150,094 |
| Pledges and grants receivable | $308,973 |
| Accounts receivable, net | $3,040 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,831,957 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $80,687 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,479,985 |
| Accounts payable and accrued expenses | $16,828 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $198,350 |
| Other liabilities | $0 |
| Total liabilities | $215,178 |
| Net assets without donor restrictions | $1,996,842 |
| Net assets with donor restrictions | $267,965 |
| 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 | $2,479,985 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Spaces has recieved totaling $346,510.
| Awarding Organization | Amount |
|---|---|
The Andy Warhol Foundation For The Visual Arts Inc New York, NY PURPOSE: WARHOL RE-GRANTING INITIATIVE | $100,000 |
George Gund Foundation Cleveland, OH PURPOSE: OPERATING SUPPORT. | $75,000 |
George Gund Foundation Cleveland, OH PURPOSE: OPERATING SUPPORT. | $75,000 |
Cleveland Foundation Cleveland, OH PURPOSE: GENERAL SUPPORT. | $53,500 |
Nord Family Foundation Amherst, OH PURPOSE: CONTINUED GENERAL OPERATING SUPPORT IN THE MIDLANDS | $25,000 |
The@joseph And Florence Mandel Family Foundation-Michele M And Cleveland, OH PURPOSE: GENERAL | $10,000 |
Endowment Analysis
| Beg. Balance | $59,933 |
| Earnings | $9,984 |
| Admin Expense | $717 |
| Net Contributions | $11,487 |
| Ending Balance | $80,687 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Credit Unions Chartered In The State Of Michigan Plymouth, MI | $1,253,139,306 | $61,092,324 |
Painting Industry Insurance Fund Strongsville, OH | $10,051,774 | $13,147,287 |
The American Ceramic Society Inc Westerville, OH | $14,880,081 | $7,163,335 |
Museum Of Contemporary Art Cleveland Cleveland, OH | $27,997,238 | $2,174,653 |
Glass City Academy Toledo, OH | $3,212,958 | $2,938,051 |
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 |
Manchester Craftsmens Guild Pittsburgh, PA | $15,522,345 | $4,460,670 |
Unite Local 10 & Textile Maint Ind Philadelphia & Vicinity Welfare Philadelphia, PA | $3,000,579 | $1,742,913 |
Pewabic Society Inc Detroit, MI | $5,130,048 | $2,328,763 |
Artprize Grand Rapids Grand Rapids, MI | $1,087,754 | $2,849,118 |
Pittsburgh Glass Center Inc Pittsburgh, PA | $6,794,843 | $3,874,545 |