Indiespace Inc
- Assets
- $134.7k
- Revenue
- $135.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Astoria, NY
- Founding
- 11/2015
- Data as of
- 12/2021
- EIN
- 47-4523884
Organization Overview
Indiespace Inc is located in Astoria, NY. The organization was established in 2015. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Indiespace Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiespace 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 12/2021, Indiespace Inc generated $135.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $137.4k during the year ending 12/2021. While expenses have increased by 9.9% per year over the past 6 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
THE ORGANIZATION'S PRIMARY MISSION IS TO CREATE PERMANENT REAL ESTATE SOLUTIONS FOR THE INDIE THEATRE COMMUNITY BY DELIVERING AFFORDABLE CREATIVE SPACE FOR A DIVERSITY OF PERFORMING ARTISTS ALONG WITH SUPPORTIVE PROGRAMMING,INDIESPACE WILL HELP PRESERVE AND ENHANCE A VITAL PIECE OF THE CULTURAL LIVES OF NEW YORKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randi Berry Board Member/executive Director | OfficerTrustee | 40 | $50,000 |
Brea Clemons Board Member | OfficerTrustee | 20 | $33,365 |
Paul Leibowitz President | OfficerTrustee | 1 | $0 |
Erez Ziv Treasurer | OfficerTrustee | 1 | $0 |
Pamela Kupper Board Member | Trustee | 1 | $0 |
Charlie Lebess Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,694 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,694 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $135,744 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| 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. | $58,187 |
| Compensation of current officers, directors, key employees. | $10,896 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,110 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,772 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $114 |
| Office expenses | $149 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88 |
| Insurance | $187 |
| All other expenses | $314 |
| Total functional expenses | $137,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,230 |
| Savings and temporary cash investments | $8,469 |
| 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 | $1,192 |
| Net Land, buildings, and equipment | $1,229 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,000 |
| Other assets | $4,554 |
| Total assets | $134,674 |
| Accounts payable and accrued expenses | $26,841 |
| 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 | $0 |
| Other liabilities | $30,000 |
| Total liabilities | $56,841 |
| Net assets without donor restrictions | $52,833 |
| Net assets with donor restrictions | $25,000 |
| 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 | $134,674 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Indiespace Inc has recieved totaling $110,000.
| Awarding Organization | Amount |
|---|---|
Renate Hofmann Article 3 Charitable Trust 1874860 Chicago, IL PURPOSE: GENERAL | $52,000 |
Howard Gilman Foundation Inc New York, NY PURPOSE: FOUNDATION GRANT - GENERAL OPERATING SUPPORT | $25,000 |
Howard Gilman Foundation Inc New York, NY PURPOSE: FOUNDATION GRANT - SPECIAL PROJECTS | $20,000 |
Dance Service New York City Inc New York, NY PURPOSE: FOR CORONAVIRUS RELIEF GRANT RECIPIENTS | $8,000 |
Hyde And Watson Foundation Warren Township, NJ PURPOSE: PURCHASE AND INSTALLATION OF EQUIPMENT AND FURNISHINGS. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Shakespeare Festival New York, NY | $141,889,359 | $47,421,313 |
Fractured Atlas Inc New York, NY | $26,189,611 | $36,358,780 |
Roundabout Theatre Company Inc New York, NY | $173,392,210 | $30,369,133 |
Vivian Beaumont Theater Inc New York, NY | $199,499,593 | $19,952,200 |
American Repertory Theatre Cambridge, MA | $28,732,151 | $12,990,237 |
Signature Theatre Company New York, NY | $62,849,854 | $11,675,589 |
Playwrights Horizons Inc New York, NY | $27,151,743 | $13,749,281 |
Huntington Theatre Company Inc Boston, MA | $85,399,357 | $14,500,477 |
Manhattan Theatre Club Inc New York, NY | $95,784,807 | $15,978,594 |
Hartford Stage Company Hartford, CT | $23,293,519 | $12,254,112 |
Stella Adler Studio Of Acting New York, NY | $5,616,573 | $9,953,377 |
Storyville Center For The Spoken Word Inc New York, NY | $12,362,100 | $12,256,751 |