Civic Intelligence

Untitled Art Space Inc.

990 • Fiscal year 2015 • EIN 36-4527630

Jan 01, 2015 to Dec 31, 2015 • Filed on Feb 29, 2016

1 NE 3rd StOklahoma City, OK 73104

(405) 815-9995

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

67th percentile

0.03x

Higher debt load relative to assets than 67% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

70th percentile

0.02x

Higher debt load relative to revenue than 70% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

92nd percentile

51%

Higher net margin than 92% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

94th percentile

157%

Faster asset growth than 94% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

94th percentile

113%

Faster revenue growth than 94% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$116,110

Up $70,934 (+157%) from 2014

Net Assets

Up

$113,071

Up $68,079 (+151%) from 2014

Liabilities

Up

$3,039

Up $2,855 (+1552%) from 2014

Revenue

Up

$133,184

Up $70,801 (+113%) from 2014

Expenses

Up

$65,105

Up $7,709 (+13%) from 2014

Net Income

Up

$68,079

Up $63,092 (+1265%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2013: $51,234Liabilities 2013: $8,336Net Assets 2013: $42,8982013Assets 2014: $45,176Liabilities 2014: $184Net Assets 2014: $44,9922014Assets 2015: $116,110Liabilities 2015: $3,039Net Assets 2015: $113,0712015Assets 2016: $134,718Liabilities 2016: $468Net Assets 2016: $134,2502016Assets 2017: $169,564Liabilities 2017: $1,058Net Assets 2017: $168,5062017Assets 2018: $219,173Liabilities 2018: $2,452Net Assets 2018: $216,7212018Assets 2019: $258,520Liabilities 2019: $277Net Assets 2019: $258,2432019Assets 2020: $192,549Liabilities 2020: $16,571Net Assets 2020: $175,9782020Assets 2021: $377,472Liabilities 2021: $2,686Net Assets 2021: $374,7862021Assets 2022: $353,601Liabilities 2022: $507Net Assets 2022: $353,0942022Assets 2024: $333,807Liabilities 2024: $7,038Net Assets 2024: $326,7692024

Highlighted filing

2015

Assets$116,110
Liabilities$3,039
Net Assets$113,071

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2013: $128,374Expenses 2013: $91,729Net Income 2013: $36,6452013Revenue 2014: $62,383Expenses 2014: $57,396Net Income 2014: $4,9872014Revenue 2015: $133,184Expenses 2015: $65,105Net Income 2015: $68,0792015Revenue 2016: $121,277Expenses 2016: $100,098Net Income 2016: $21,1792016Revenue 2017: $252,517Expenses 2017: $219,060Net Income 2017: $33,4572017Revenue 2018: $257,974Expenses 2018: $209,759Net Income 2018: $48,2152018Revenue 2019: $270,483Expenses 2019: $228,961Net Income 2019: $41,5222019Revenue 2020: $134,376Expenses 2020: $216,641Net Income 2020: -$82,2652020Revenue 2021: $415,421Expenses 2021: $217,308Net Income 2021: $198,1132021Revenue 2022: $249,824Expenses 2022: $263,734Net Income 2022: -$13,9102022Revenue 2024: $340,476Expenses 2024: $339,146Net Income 2024: $1,3302024

Highlighted filing

2015

Revenue$133,184
Expenses$65,105
Net Income$68,079
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Feb 29, 2016
Return Version
2015v2.1
Gross Receipts
$133,184
Mission and Program Overview

Mission

Untitled artspace is an environment designed to stimulate creative thought and new ideas through contemporary art. We are committed to providing access to quality exhibitions, education programs, performances, publications, and to engage the community in collaborative outreach efforts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$44,992$113,071▲ $68,079
Cash and Non-Interest-Bearing Accounts$29,829$102,942▲ $73,113
Land, Buildings, and Equipment, Net$11,581$8,077▼ $3,504
Pledges and Grants Receivable$3,000$3,000→ $0
Inventories for Sale or Use$266$1,591▲ $1,325
Total Assets$45,176$116,110▲ $70,934
Other Assets Total$500$500→ $0
Liabilities
Accounts Payable and Accrued Expenses$120$3,039▲ $2,919
Other Liabilities$64--
Total Liabilities$184$3,039▲ $2,855
Net Assets / Fund Balance
Total Net Assets Fund Balance$44,992$113,071▲ $68,079
Total Liabilities and Net Assets / Fund Balance$45,176$116,110▲ $70,934

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,164$46,009$53,173
Leasehold Improvements$498$1,245$1,743
Other Land Buildings$415$90$505
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$116,447
Program Service Revenue
$16,737
Investment Income
$0
Other Revenue
$0
All Other Contributions
$113,527
Change in Net Assets
$68,079
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$54,930
Salaries, Compensation, and Employee Benefits$10,175
Total Fundraising Expense$2,035
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,840$3,840$1,920$9,600
All Other Expenses$5,303$1,111-$6,414
Fees for Services Accounting-$4,490-$4,490
Occupancy$2,880$720-$3,600
Depreciation Depletion$3,140$364-$3,504
Advertising$2,622$708-$3,330
Insurance$1,423$1,362-$2,785
Other Expenses$1,025$256-$1,281
Office Expenses$812$220-$1,032
Payroll Taxes$230$230$115$575
Information Technology-$544-$544
Travel-$250-$250
Total Functional Expenses$44,825$18,245$2,035$65,105
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 was provided to all members of the board for their review before it was filed.

Form 990, Page 6, Part VI, Line 19

All governing documents are available upon request within a reasonable amount of time.

Filing and Contact Details

Filer

Filer Name
Untitled Art Space Inc
EIN
36-4527630
Phone
4058159995
Address
1 NE 3RD ST, OKLAHOMA CITY, OK 73104
Doing Business As
Aka Artspace at Untitled

Signing Officer

Name
Lissa Shaw
Title
President
Phone
4058159995
Signed
2016-02-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lissa Shaw
Formed
2003
Legal Domicile
Ok
Voting Board Members
8
Independent Board Members
8
Employees
1
Volunteers
150

Preparer

Firm
Fd Thompson & Co Plc
Address
13320 N MACARTHUR BLVD, OKLAHOMA CITY, OK 73142-3021
Preparer
Chris a Hudson
Phone
4056036400
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Untitled artspace is an environment designed to stimulate creative thought and new ideas through contemporary art. We are committed to providing access to quality exhibitions, education programs, performances, publications, and to engage the community in collaborative outreach efforts.

Form 990, Page 2, Part III, Line 4A

Spring of 2015 and added southeast high school from oklahoma city. We have four new schools asking to participate this coming school year beginning in september of 2016. In the late summer, we opened our doors to any artists interested in participating in a collaboration titled the exquisite corpse many of these artists had never been to our printmaking facility but spent dozens of hours in our studio over the course of a few weeks to produce the pieces for this show. Every effort is made to introduce more of the community to learn about the world of printmaking through workshops, demonstrations, artist talks and more expanded programming in the future.

Form 990, Page 2, Part III, Line 4B

Growing and changing community. As a contemporary art center, we must constantly make changes not only to the facility, but to the programming as well in an effort to adapt to a new growing audience of all ages.

Form 990, Page 2, Part III, Line 4C

Other cultures through international travel narratives and cuisine four times a year. This year's thoughtful additions of highly creative people to our board who are passionate about artspace and the community will allow us to progress even further next year, with plans for expansion by means of a sculpture garden and a small gift store of works made within the space. These efforts are designed to support local artists and produce a venue for them to learn how to better create and present their works.

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IRS990/ProgSrvcAccomActy2Grp/Desc0GALLERY/EXHIBITION: ARTSPACE BROUGHT IN OVER 4,000 VISITORS WITH ITS FIVE EXHIBITIONS THIS YEAR, TWO OF WHICH WERE GROUP SHOWS THAT COLLECTIVELY FEATURED WORKS BY MORE THAN 150 LOCAL AND REGIONAL ARTISTS. THE GROUP EXHIBITS HIGHLIGHTED PIECES OF ART THAT WERE PRIMARILY MADE IN OUR PRESS STUDIO. ONE EXHIBIT, THE EXQUISITE CORPSE HAD AS PART OF THE EXHIBIT AN INTERACTIVE PARTICIPATORY COMPONENT WHERE THE VIEWER COULD CURATE THEIR OWN CORPSE WITH AN APP ON THEIR PHONES WHILE MEETING THE PARTICIPATING ARTISTS. EXHIBITIONS INCLUDED PAINTING, DRAWING, MIXED MEDIA, PRINTS, VIDEO AND INSTALLATIONS BY LOCAL, REGIONAL AND NATIONAL ARTISTS. WE CONTINUED RENOVATION IN OUR EXHIBITION GALLERIES IN 2015 WHICH WE FELT WERE NECESSARY TO BENEFIT THE GROWING AND CHANGING COMMUNITY. AS A CONTEMPORARY ART CENTER, WE MUST CONSTANTLY MAKE CHANGES NOT ONLY TO THE FACILITY, BUT TO THE PROGRAMMING AS WELL IN AN EFFORT TO ADAPT TO A NEW GROWING AUDIENCE OF ALL AGES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt06698
IRS990/ProgSrvcAccomActy3Grp/Desc0PROGRAMS: AS WE CONTINUED OUR RENOVATION AND REALLOCATION OF SPACE IN THE BUILDING, THIS YEAR WE FOCUSED PRIMARILY ON OUR CAF SOCIETY PROGRAM, A MONTHLY DIALOGUE THAT PROVIDES A BRIDGE BETWEEN THOSE IN THE ART COMMUNITY AND PEOPLE OF VARYING PROFESSIONS. THESE NIGHTS INTRODUCE HUNDREDS OF NEW VISITORS EACH YEAR TO THE ART CENTER, WHO OFTEN RETURN FOR OTHER EXHIBITIONS OR PROGRAMS AFTER THEIR INITIAL VISIT. THIS YEAR, WE HAD POETS, ARCHITECTS, HISTORIANS, A MENTALIST, AND NATIONALLY RENOWNED ARTISTS WHO EACH BROUGHT A UNIQUE MESSAGE AND INSIGHT TO THE WORLD THROUGH THEIR EYE. IN THE NEXT YEAR, WE PLAN TO REINTRODUCE A 'TASTE OF ART', PART OF OUR FRIDAY NIGHT FACTION PROGRAMMING, WHICH BLENDS THE ART AND LIFESTYLES OF OTHER CULTURES THROUGH INTERNATIONAL TRAVEL NARRATIVES AND CUISINE FOUR TIMES A YEAR. THIS YEAR'S THOUGHTFUL ADDITIONS OF HIGHLY CREATIVE PEOPLE TO OUR BOARD WHO ARE PASSIONATE ABOUT ARTSPACE AND THE COMMUNITY WILL ALLOW US TO PROGRESS EVEN FURTHER NEXT YEAR, WITH PLANS FOR EXPANSION BY MEANS OF A SCULPTURE GARDEN AND A SMALL GIFT STORE OF WORKS MADE WITHIN THE SPACE. THESE EFFORTS ARE DESIGNED TO SUPPORT LOCAL ARTISTS AND PRODUCE A VENUE FOR THEM TO LEARN HOW TO BETTER CREATE AND PRESENT THEIR WORKS.
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt046009
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UNTITLED ARTSPACE IS AN ENVIRONMENT DESIGNED TO STIMULATE CREATIVE THOUGHT AND NEW IDEAS THROUGH CONTEMPORARY ART. WE ARE COMMITTED TO PROVIDING ACCESS TO QUALITY EXHIBITIONS, EDUCATION PROGRAMS, PERFORMANCES, PUBLICATIONS, AND TO ENGAGE THE COMMUNITY IN COLLABORATIVE OUTREACH EFFORTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SPRING OF 2015 AND ADDED SOUTHEAST HIGH SCHOOL FROM OKLAHOMA CITY. WE HAVE FOUR NEW SCHOOLS ASKING TO PARTICIPATE THIS COMING SCHOOL YEAR BEGINNING IN SEPTEMBER OF 2016. IN THE LATE SUMMER, WE OPENED OUR DOORS TO ANY ARTISTS INTERESTED IN PARTICIPATING IN A COLLABORATION TITLED THE EXQUISITE CORPSE MANY OF THESE ARTISTS HAD NEVER BEEN TO OUR PRINTMAKING FACILITY BUT SPENT DOZENS OF HOURS IN OUR STUDIO OVER THE COURSE OF A FEW WEEKS TO PRODUCE THE PIECES FOR THIS SHOW. EVERY EFFORT IS MADE TO INTRODUCE MORE OF THE COMMUNITY TO LEARN ABOUT THE WORLD OF PRINTMAKING THROUGH WORKSHOPS, DEMONSTRATIONS, ARTIST TALKS AND MORE EXPANDED PROGRAMMING IN THE FUTURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GROWING AND CHANGING COMMUNITY. AS A CONTEMPORARY ART CENTER, WE MUST CONSTANTLY MAKE CHANGES NOT ONLY TO THE FACILITY, BUT TO THE PROGRAMMING AS WELL IN AN EFFORT TO ADAPT TO A NEW GROWING AUDIENCE OF ALL AGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER CULTURES THROUGH INTERNATIONAL TRAVEL NARRATIVES AND CUISINE FOUR TIMES A YEAR. THIS YEAR'S THOUGHTFUL ADDITIONS OF HIGHLY CREATIVE PEOPLE TO OUR BOARD WHO ARE PASSIONATE ABOUT ARTSPACE AND THE COMMUNITY WILL ALLOW US TO PROGRESS EVEN FURTHER NEXT YEAR, WITH PLANS FOR EXPANSION BY MEANS OF A SCULPTURE GARDEN AND A SMALL GIFT STORE OF WORKS MADE WITHIN THE SPACE. THESE EFFORTS ARE DESIGNED TO SUPPORT LOCAL ARTISTS AND PRODUCE A VENUE FOR THEM TO LEARN HOW TO BETTER CREATE AND PRESENT THEIR WORKS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 WAS PROVIDED TO ALL MEMBERS OF THE BOARD FOR THEIR REVIEW BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST WITHIN A REASONABLE AMOUNT OF TIME.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 2, PART III, LINE 4C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/TotalAmt065105
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IRS990/WebsiteAddressTxt0HTTP://WWW.ARTSPACEATUNTITLED.ORG
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ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LISSA SHAW
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04058159995
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0UNTITLED ART SPACE INC
ReturnHeader/Filer/BusinessNameControlTxt0UNTI
ReturnHeader/Filer/EIN0364527630
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ReturnHeader/Filer/USAddress/AddressLine1Txt01 NE 3RD ST
ReturnHeader/Filer/USAddress/CityNm0OKLAHOMA CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0731488601
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FD THOMPSON & CO PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt013320 N MACARTHUR BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OKLAHOMA CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0731423021
ReturnHeader/PreparerPersonGrp/PhoneNum04056036400
ReturnHeader/PreparerPersonGrp/PreparationDt02016-02-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRIS A HUDSON
ReturnHeader/ReturnTs02016-03-14T17:16:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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