Civic Intelligence

Shopspace Inc.

EIN 47-1824082 • 501(c)3 • Raleigh, NC

Pub. 78 EligibleNTEE A25

Profile

Community center for industrial arts.

1505 Capital Blvd Suite 18Raleigh, NC 27603

www.shopspace.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

80th percentile

0.13x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

83rd percentile

0.12x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

60th percentile

7.4%

Higher net margin than 60% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

68th percentile

9.4%

Faster asset growth than 68% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

76th percentile

26%

Faster revenue growth than 76% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$343,693

Up $29,631 (+9.4%) from 2023

Liabilities

Up

$44,716

Up $1,409 (+3.3%) from 2023

Net Assets

Up

$298,977

Up $28,222 (+10%) from 2023

Revenue

Up

$382,551

Up $79,185 (+26%) from 2023

Expenses

Up

$354,329

Up $57,253 (+19%) from 2023

Net Income

Up

$28,222

Up $21,932 (+349%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2017: $45,461Liabilities 2017: $02017Assets 2018: $114,540Liabilities 2018: $2062018Assets 2019: $162,841Liabilities 2019: $3,3632019Assets 2020: $229,681Liabilities 2020: $35,962Net Assets 2020: $193,7192020Assets 2021: $288,841Liabilities 2021: $35,100Net Assets 2021: $253,7412021Assets 2022: $299,850Liabilities 2022: $35,385Net Assets 2022: $264,4652022Assets 2023: $314,062Liabilities 2023: $43,307Net Assets 2023: $270,7552023Assets 2024: $343,693Liabilities 2024: $44,716Net Assets 2024: $298,9772024

Highlighted filing

2024

Assets$343,693
Liabilities$44,716
Net Assets$298,977

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0Revenue 2017: $62,538Expenses 2017: $17,077Net Income 2017: $45,4612017Revenue 2018: $85,653Expenses 2018: $29,742Net Income 2018: $55,9112018Revenue 2019: $120,660Expenses 2019: $75,722Net Income 2019: $44,9382019Revenue 2020: $120,636Expenses 2020: $86,395Net Income 2020: $34,2412020Revenue 2021: $228,804Expenses 2021: $175,352Net Income 2021: $53,4522021Revenue 2022: $287,696Expenses 2022: $276,972Net Income 2022: $10,7242022Revenue 2023: $303,366Expenses 2023: $297,076Net Income 2023: $6,2902023Revenue 2024: $382,551Expenses 2024: $354,329Net Income 2024: $28,2222024

Highlighted filing

2024

Revenue$382,551
Expenses$354,329
Net Income$28,222

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 3, 2025
Return Version
2024v5.1
Gross Receipts
$382,551
Mission and Program Overview

Mission

Community center for industrial arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$106,044$138,110▲ $32,066
Cash and Non-Interest-Bearing Accounts$122,076$106,850▼ $15,226
Land, Buildings, and Equipment, Net$68,425$81,216▲ $12,791
Total Assets$314,062$343,693▲ $29,631
Other Assets Total$17,517$17,517→ $0
Liabilities
Unsecured Notes Loans Payable$36,731$35,931▼ $800
Other Liabilities$6,576$8,785▲ $2,209
Total Liabilities$43,307$44,716▲ $1,409
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$270,755$298,977▲ $28,222
Total Net Assets Fund Balance$270,755$298,977▲ $28,222
Total Liabilities and Net Assets / Fund Balance$314,062$343,693▲ $29,631

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$14,632$141,957$156,589
Buildings$64,455$10,520$74,975
Other Land Buildings$2,129$6,730$8,859
Other Assets Org$17,517--
Compensation and Service Providers

Board Members and Trustees

NameTitle
David NicolayPresident and Founder
Michael HouseDirector
Robert BemisDirector
Stephen KeeneDirector
Mary Catherine Floyd NicolayDirector and Founder
Pam BlondinDirector to 11/2024
Julie SchmidtSecretary
William KnightTreasurer and Founder
Revenue and Support

Revenue Composition

Contributions and Grants
$104,427
Program Service Revenue
$272,998
Investment Income
$5,126
Other Revenue
$0
All Other Contributions
$44,891
Change in Net Assets
$28,222
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$218,788
Salaries, Compensation, and Employee Benefits$135,541
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$122,576$3,402-$125,978
Occupancy$124,005$1,298-$125,303
Fees for Services Other$17,045--$17,045
Depreciation Depletion$12,627--$12,627
Insurance$11,536$320-$11,856
Payroll Taxes$9,305$258-$9,563
Fees for Services Accounting$8,260$229-$8,489
Other Expenses$4,038--$4,038
Information Technology$1,997$55-$2,052
All Other Expenses$1,735--$1,735
Interest$1,000--$1,000
Office Expenses-$906-$906
Total Functional Expenses$347,861$6,468$0$354,329
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$8,450
Credit Cards Payable$190
Sales Tax Payable$145
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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, Part VI, Section A, Line 2

Two board members, david nicolay and mary catherine floyd nicolay, are married to each other. Additionally, board member michael house is the father of lucas house, an employee. All three individuals have recused themselves accordingly.

Form 990, Part VI, Section B, Line 11B

It is prepared by a cpa firm and then it is reviewed by the board of directors before it is filed.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Shopspace Inc
EIN
47-1824082
Phone
9846643320
Address
1505 CAPITAL BLVD SUITE 18, RALEIGH, NC 27603

Signing Officer

Name
William Knight
Title
Treasurer
Phone
9846643320
Signed
2025-06-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Knight
Formed
2017
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
20

Preparer

Firm
Norton Collar Lund Lilley Pllc
Address
7701 SIX FORKS ROAD SUITE 100, RALEIGH, NC 27615
Preparer
Robert M Lanning
Phone
9198411000
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IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt041500
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt021000
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt021000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0112300
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0377425
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0293807
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0287696
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0228804
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt027101
IRS990ScheduleA/Total509Grp/TotalAmt01214833
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0382551
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0295285
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0287696
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0228804
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt027101
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01221437
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt064455
IRS990ScheduleD/BuildingsGrp/DepreciationAmt010520
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt074975
IRS990ScheduleD/EquipmentGrp/BookValueAmt014632
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0141957
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0156589
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt017517
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02129
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06730
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08859
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08450
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1145
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2190
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SALES TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CREDIT CARDS PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt081216
IRS990ScheduleD/TotalBookValueOtherAssetsAmt017517
IRS990ScheduleD/TotalLiabilityAmt08785
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO BOARD MEMBERS, DAVID NICOLAY AND MARY CATHERINE FLOYD NICOLAY, ARE MARRIED TO EACH OTHER. ADDITIONALLY, BOARD MEMBER MICHAEL HOUSE IS THE FATHER OF LUCAS HOUSE, AN EMPLOYEE. ALL THREE INDIVIDUALS HAVE RECUSED THEMSELVES ACCORDINGLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IT IS PREPARED BY A CPA FIRM AND THEN IT IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0314062
IRS990/TotalAssetsEOYAmt0343693
IRS990/TotalAssetsGrp/BOYAmt0314062
IRS990/TotalAssetsGrp/EOYAmt0343693
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0104427
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06468
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0347861
IRS990/TotalFunctionalExpensesGrp/TotalAmt0354329
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt043307
IRS990/TotalLiabilitiesEOYAmt044716
IRS990/TotalLiabilitiesGrp/BOYAmt043307
IRS990/TotalLiabilitiesGrp/EOYAmt044716
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0270755
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0298977
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0347861
IRS990/TotalProgramServiceRevenueAmt0272998
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt05126
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0272998
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0382551
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0314062
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0343693
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt036731
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt035931
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01505 CAPITAL BLVD STE 18
IRS990/USAddress/CityNm0RALEIGH
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027603
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.SHOPSPACE.ORG
IRS990/WhistleblowerPolicyInd00
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

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