Space One Eleven Inc
- Assets
- $1.5m
- Revenue
- $448.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Birmingham, AL
- Founding
- 11/1989
- Data as of
- 12/2021
- 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 12/2021, Space One Eleven Inc employed 5 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 12/2021, Space One Eleven Inc generated $448.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $405.7k during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 7 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
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 |
|---|---|---|---|
Peter Prinz Treasurer; Co-Founder, CEO | OfficerTrustee | 40 | $104,375 |
Susan Colvin Board President | OfficerTrustee | 1 | $0 |
Bert Brouwer Director | Trustee | 1 | $0 |
M Alex Goldsmith Director | Trustee | 1 | $0 |
Becky Patterson Director | Trustee | 1 | $0 |
Melissa Murphy Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $145,033 |
| All other contributions, gifts, grants, and similar amounts not included above | $201,101 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $346,134 |
| Total Program Service Revenue | $61,764 |
| Investment income | $868 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $38,638 |
| 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 | $448,498 |
| 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. | $104,375 |
| Compensation of current officers, directors, key employees. | $5,219 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,312 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,750 |
| Payroll taxes | $19,047 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,854 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,666 |
| Advertising and promotion | $0 |
| Office expenses | $5,458 |
| Information technology | $7,235 |
| Royalties | $0 |
| Occupancy | $12,864 |
| Travel | $70 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $725 |
| Interest | $493 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,716 |
| Insurance | $3,880 |
| All other expenses | $2,494 |
| Total functional expenses | $405,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,003,430 |
| Pledges and grants receivable | $81,300 |
| Accounts receivable, net | $1,023 |
| 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 | $388,077 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,473,830 |
| Accounts payable and accrued expenses | $2,065 |
| 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 | $263,998 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $266,063 |
| Net assets without donor restrictions | $913,615 |
| Net assets with donor restrictions | $294,152 |
| 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 | $1,473,830 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Space One Eleven Inc has recieved totaling $157,301.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Greater Birmingham Birmingham, AL PURPOSE: GENERAL SUPPORT | $43,000 |
The Andy Warhol Foundation For The Visual Arts Inc New York, NY PURPOSE: PROGRAM SUPPORT (OVER 2 YEARS) | $40,000 |
Mike And Gillian Goodrich Charitable Foundation Birmingham, AL PURPOSE: OPERATING SUPPORT OF ORGANIZATION | $25,000 |
Gratitude Foundation Birmingham, AL PURPOSE: CIVIC | $20,000 |
Daniel Foundation Of Alabama Birmingham, AL PURPOSE: CHARITABLE | $18,000 |
The Joseph S Bruno Charitable Foundation Birmingham, AL PURPOSE: CHARITABLE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Family Connection Partnership Inc Atlanta, GA | $2,438,280 | $6,252,094 |
Eagle Arts Academy Inc Wellington, FL | $268,349 | $5,358,637 |
Vero Beach Museum Of Art Inc Vero Beach, FL | $60,866,235 | $8,493,938 |
Grandview Preparatory School Inc Boca Raton, FL | $15,212,269 | $5,400,121 |
Arrowmont School Of Arts And Crafts Gatlinburg, TN | $53,053,900 | $4,804,249 |
Arts Center Association Inc St Petersburg, FL | $13,513,737 | $4,345,570 |
Gulfshore Opera Inc Naples, FL | $497,998 | $1,174,387 |
Jacksonville Arts And Music School Jacksonville, FL | $1,043,235 | $1,052,182 |
Realize Bradenton Inc Bradenton, FL | $630,233 | $957,046 |
Young Philosophers Society Inc Shalimar, FL | $29,328 | $903,631 |
W O Smith Nashville Community Music School Nashville, TN | $5,939,533 | $597,362 |
Art League Of Marco Island Inc Marco Island, FL | $1,995,611 | $956,565 |