Equaspace
- Assets
- $456.4k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 1
- Location
- St Paul, MN
- Founding
- Data as of
- 12/2022
- EIN
- 84-2176692
Organization Overview
Equaspace is located in St Paul, MN. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Equaspace 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, Equaspace generated $1.3m in total revenue. All expenses for the organization totaled $852.4k during the year ending 12/2022. While expenses have increased by 170.6% per year over the past 4 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
TO PROVIDE A PLATFORM OF HIGH FUNCTIONING WORK SPACES, SHARED RESOURCES AND A PLATFORM FOR COLLABORATIVE OPPORTUNITIES FOR 501(C)3'S.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EQUASPACE CONVENED A DESIGN COUNCIL COMPRISED OF REPRESENTATIVES FROM 4 ORGANIZATIONS TO INFORM THE LAYOUT OF SPACE AND USAGE BASED ON HOW THEIR RESPECTIVE TEAMS FUNCTION. EQUASPACE EXPLORED A SPACE OPPORTUNITY TO FULLY REALIZE ITS MISSION AND OPEN A NONPROFIT CENTER FOR 30-40 SMALL TO MID-SIZE ORGANIZATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Kelly Founder And Board Chair | OfficerTrustee | 30 | $0 |
Ron Lattin Vice Chair | OfficerTrustee | 5 | $0 |
Linda Ireland Secretary And Treasurer | OfficerTrustee | 3 | $0 |
Mike Logan Director | Trustee | 2 | $0 |
Imee Cambronero Director | Trustee | 2 | $0 |
Sarah Clyne Executive Director | Officer | 40 | $141,539 |
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 | $1,277,540 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,277,540 |
| Total Program Service Revenue | $0 |
| Investment income | $132 |
| 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 | $1,277,672 |
| 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. | $141,539 |
| Compensation of current officers, directors, key employees. | $28,308 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,153 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $945 |
| Payroll taxes | $11,316 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,382 |
| Fees for services: Accounting | $9,595 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,425 |
| Advertising and promotion | $80,222 |
| Office expenses | $14,598 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,190 |
| 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 | $0 |
| Insurance | $9,490 |
| All other expenses | $483,508 |
| Total functional expenses | $852,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $430,774 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,501 |
| 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 | $4,153 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $456,428 |
| Accounts payable and accrued expenses | $36,177 |
| 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 | $0 |
| Total liabilities | $36,177 |
| Net assets without donor restrictions | $20,251 |
| Net assets with donor restrictions | $400,000 |
| 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 | $456,428 |