A Space To Soar Inc
- Assets
- $8.6m
- Revenue
- $336.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 05/2019
- Data as of
- 06/2021
- EIN
- 83-2178217
Organization Overview
A Space To Soar Inc is located in Atlanta, GA. The organization was established in 2019. According to its NTEE Classification (A19) the organization is classified as: Support N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A Space To Soar 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 06/2021, A Space To Soar Inc generated $336.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $446.4k during the year ending 06/2021. 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
TO ACQUIRE, DEVELOP, AND LEASE A DANCE STUDIO AND COMMUNITY CENTER IN ATLANTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ACQUIRE, DEVELOP, AND LEASE A DANCE STUDIO AND COMMUNITY CENTER IN ATLANTA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Genene Stewart Treasurer | OfficerTrustee | 0.19 | $19,200 |
Randi Williams Secretary | OfficerTrustee | 0.19 | $0 |
Pam Wuichet President | OfficerTrustee | 0.19 | $0 |
Chris Mccord Vice President | OfficerTrustee | 0.19 | $0 |
Jim Wehner Member | Trustee | 0.19 | $0 |
Erin Forestner Member | Trustee | 0.19 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,000 |
| Total Program Service Revenue | $316,500 |
| Investment income | $75 |
| 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 | $336,575 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $10,800 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,695 |
| 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 | $60 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,303 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $91,547 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $328,065 |
| Insurance | $881 |
| All other expenses | $0 |
| Total functional expenses | $446,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,403 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $360,750 |
| 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 | $7,589,412 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $503,820 |
| Total assets | $8,626,385 |
| 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 | $8,330,000 |
| Total liabilities | $8,330,000 |
| Net assets without donor restrictions | $296,385 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $8,626,385 |
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Dance Educators Of America Inc Boynton Beach, FL | $61,859 | $524,504 |
South Carolina Architectural Foundation Columbia, SC | $144,849 | $0 |
A Space To Soar Inc Atlanta, GA | $8,626,385 | $336,575 |
Georgia Press Educational Foundation Inc Avondale Estates, GA | $2,211,491 | $238,821 |
The Marionette Theater Of South Carolina Columbia, SC | $248,470 | $246,411 |
Florida Theatre Conference Inc Gainesville, FL | $3,780 | $0 |
North Carolina Presenters Consortium Cary, NC | $175,243 | $0 |
Childrens Theatre Foundation Greensboro, NC | $1,420,975 | $52,488 |
The Downtown Dream Machine Memphis, TN | $318,252 | $0 |
River Arts District Artists Inc Asheville, NC | $60,962 | $90,630 |