Artspace Inc
- Assets
- $231.5k
- Revenue
- $369.8k
- Investments
- $0.0
- Employees
- 15
- Location
- Santa Barbara, CA
- Founding
- 09/1990
- Data as of
- 12/2021
- EIN
- 77-0233621
Organization Overview
Artspace Inc is located in Santa Barbara, CA. The organization was established in 1990. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Artspace Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Artspace 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, Artspace Inc generated $369.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $307.3k 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
THE ORGANIZATIONS PROVIDES AFFORDABLE PERFORMANCE SPACE FOR ART, MUSIC AND THEATER. IT PROVIDES PERFORMANCES TO THE PUBLIC AT AFFORDABLE PRICES THAT WOULD NOT OTHERWISE BE AVAILABLE. THE THEATER OPERATES ALL YEAR ROUND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES AFFORDABLE SPACE FOR PERFORMANCE ART, APPROXIMATELY 170 PERFORMANCES OF THEATRICAL PLAYS, LITERARY READINGS, DANCE, MUSIC AND OTHER ARTS PERFORMANCES WITH APPROXIMATELY 20,000 PATRONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurel Lyle Treasurer | OfficerTrustee | 2 | $0 |
Kathy Marden President | OfficerTrustee | 2 | $0 |
Teri Ball Executive Dir. | Officer | 40 | $0 |
Matthew Tavianini Director | Trustee | 1 | $0 |
Miriam Dancer Director | Trustee | 1 | $0 |
Hallie Anderson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $217,089 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,399 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $302,488 |
| Total Program Service Revenue | $67,298 |
| Investment income | $4 |
| 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 | $369,790 |
| 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. | $46,910 |
| Compensation of current officers, directors, key employees. | $14,073 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,368 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,319 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,133 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,032 |
| 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 | $10,977 |
| Insurance | $8,067 |
| All other expenses | $7,633 |
| Total functional expenses | $307,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,132 |
| Savings and temporary cash investments | $0 |
| 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 | $45,994 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,019 |
| Other assets | $1,361 |
| Total assets | $231,506 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $168,487 |
| Total liabilities | $168,487 |
| 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 | $63,019 |
| Total liabilities and net assets/fund balances | $231,506 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Artspace Inc has recieved totaling $23,000.
| Awarding Organization | Amount |
|---|---|
Santa Barbara Foundation Santa Barbara, CA PURPOSE: ARTS, CULTURE, AND HUMANITIES | $23,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Segerstrom Center For The Arts Costa Mesa, CA | $493,213,588 | $84,488,930 |
Performing Arts Center Of Los Angeles County Los Angeles, CA | $146,527,407 | $76,131,684 |
Friends Of The Cultural Center Inc Palm Desert, CA | $48,047,897 | $20,407,526 |
The Smith Center For The Performing Arts Las Vegas, NV | $427,449,516 | $12,755,870 |
Luther Burbank Memorial Foundation Santa Rosa, CA | $31,726,314 | $16,161,291 |
Intersection For The Arts San Francisco, CA | $6,218,196 | $5,728,383 |
Santa Barbara Center For The Performing Arts Inc Santa Barbara, CA | $116,344,118 | $4,620,233 |
Lobero Theatre Foundation Santa Barbara, CA | $11,390,447 | $5,213,777 |
Paramount Theatre Of The Arts Inc Oakland, CA | $15,083,800 | $5,039,030 |
Irvine Barclay Theatre Operating Co Irvine, CA | $4,871,316 | $3,311,778 |
Mainly Mozart Inc San Diego, CA | $792,070 | $2,395,556 |
Gallo Center For The Arts Inc Modesto, CA | $40,396,474 | $2,412,473 |