Space One Eleven Inc
- Assets
- $1.6m
- Revenue
- $710.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Birmingham, AL
- Founding
- 11/1989
- Data as of
- 12/2022
- EIN
- 57-0890249
Organization Overview
Space One Eleven Inc is located in Birmingham, AL. The organization was established in 1989. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Space One Eleven Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Space One Eleven 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 12/2022, Space One Eleven Inc generated $710.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $524.9k during the year ending 12/2022. While expenses have increased by 8.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE PROFESSIONAL OPPORTUNITIES FOR ARTISTS, CREATE A FORUM FOR PUBLIC UNDERSTANDING OF CONTEMPORARY ART, AND OFFER ARTS EDUCATION TO AREA YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISUAL ARTS - PROVISION OF EXIBITION SPACE FOR EMERGING ARTISTS.
EDUCATION - PROVIDE FREE AFTER SCHOOL AND SUMMER ART EDUCATION PROGRAMS TO CHILDREN OF LOW INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bert Brouwer Director | Trustee | 1 | $0 |
Patrick Garman Director | Trustee | 1 | $0 |
M Alex Goldsmith Director | Trustee | 1 | $0 |
Melissa Murphy PHD Director | Trustee | 1 | $0 |
Becky Patterson Director | Trustee | 1 | $0 |
Wm G Gip Plott Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $282,772 |
| All other contributions, gifts, grants, and similar amounts not included above | $247,539 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $530,311 |
| Total Program Service Revenue | $138,907 |
| Investment income | $1,281 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,034 |
| 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 | $710,709 |
| 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. | $136,168 |
| Compensation of current officers, directors, key employees. | $6,808 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $124,957 |
| Pension plan accruals and contributions | $45,028 |
| Other employee benefits | $26,995 |
| Payroll taxes | $23,986 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,076 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,263 |
| Advertising and promotion | $14,537 |
| Office expenses | $5,941 |
| Information technology | $8,347 |
| Royalties | $0 |
| Occupancy | $11,505 |
| Travel | $35 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,471 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,924 |
| Insurance | $4,895 |
| All other expenses | $2,217 |
| Total functional expenses | $524,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,103,602 |
| Pledges and grants receivable | $135,400 |
| Accounts receivable, net | $7,326 |
| 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 | $402,088 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,648,416 |
| Accounts payable and accrued expenses | $8,833 |
| 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 | $245,998 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $254,831 |
| Net assets without donor restrictions | $1,193,993 |
| Net assets with donor restrictions | $199,592 |
| 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 | $1,648,416 |