Public Space One
- Assets
- $2.1m
- Revenue
- $692.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Iowa City, IA
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 46-4168572
Organization Overview
Public Space One is located in Iowa City, IA. The organization was established in 2015. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Public Space One employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Public Space One 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, Public Space One generated $692.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 73.9% each year . All expenses for the organization totaled $267.1k during the year ending 12/2021. While expenses have increased by 38.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
ARTIST-LED, COMMUNITY-DRIVEN, CONTEMPORARY ART CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Engelbrecht Executive Director | OfficerTrustee | 25 | $28,800 |
Kalmia Strong Program Director | OfficerTrustee | 15 | $14,400 |
Genevieve Trainor Director | Trustee | 2 | $0 |
Kelly Moore Director | Trustee | 2 | $0 |
Thomas Agran Director | Trustee | 2 | $0 |
M Ryan Noble Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,464 |
| Related organizations | $0 |
| Government grants | $58,995 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,886 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,345 |
| Total Program Service Revenue | $50,953 |
| Investment income | $50 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,851 |
| Net Gain/Loss on Asset Sales | $535,752 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,704 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $692,709 |
| 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. | $43,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,828 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,910 |
| Fees for services: Accounting | $2,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,980 |
| Advertising and promotion | $9,058 |
| Office expenses | $1,828 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,055 |
| Travel | $4,930 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $92 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,622 |
| Insurance | $2,174 |
| All other expenses | $92,396 |
| Total functional expenses | $267,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,776 |
| Savings and temporary cash investments | $694 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,776,406 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,083,876 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,140,989 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,586 |
| Total liabilities | $1,149,575 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $934,301 |
| Total liabilities and net assets/fund balances | $2,083,876 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Public Space One has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walker Art Center Inc Minneapolis, MN | $379,213,744 | $50,426,261 |
Cedars Youth Services Inc Lincoln, NE | $3,781,536 | $13,267,342 |
John Michael Kohler Arts Center Inc Sheboygan, WI | $91,886,755 | $7,533,321 |
Puerto Rican Cultural Center Chicago, IL | $9,175,566 | $9,769,703 |
United States Artists Inc Chicago, IL | $40,639,117 | $6,830,121 |
Center Of Creative Arts Saint Louis, MO | $22,497,336 | $9,712,696 |
Washington Pavilion Management Inc Sioux Falls, SD | $7,664,278 | $8,315,223 |
Kohler Trust For The Arts And Education Kohler, WI | $9,068,772 | $5,585,156 |
Applied Information Management Institute Omaha, NE | $8,071,442 | $4,851,557 |
Kranzberg Arts Foundation St Louis, MO | $18,112,007 | $6,602,930 |
American College Of Occupational And Environmental Medicine Elk Grove Village, IL | $5,115,240 | $3,683,433 |
Success Institute Minneapolis, MN | $1,766,984 | $4,353,040 |