Liabilities / Assets
40th percentile
Higher debt load relative to assets than 40% of similar nonprofits.
990 • Fiscal year 2018 • EIN 47-3026162
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
40th percentile
Higher debt load relative to assets than 40% of similar nonprofits.
Liabilities / Revenue
94th percentile
Higher debt load relative to revenue than 94% of similar nonprofits.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
75th percentile
Higher top officer pay than 75% of similar nonprofits.
Top officer pay equals 361.1% of source-year revenue.
Asset Growth
4th percentile
Faster asset growth than 4% of similar nonprofits.
Revenue Growth
10th percentile
Faster revenue growth than 10% of similar nonprofits.
Assets
Down$2,931,173
Down $1,104,055 (-27%) from 2017
Net Assets
Down$2,807,204
Down $1,109,207 (-28%) from 2017
Liabilities
Up$123,969
Up $5,152 (+4.3%) from 2017
Revenue
Down$32,125
Down $13,375 (-29%) from 2017
Expenses
Up$1,182,238
Up $103,109 (+9.6%) from 2017
Net Income
Down-$1,150,113
Down $116,484 (-11%) from 2017
The organization's mission is to promote, support and advance public appreciation of the arts, culture and civic initiatives; to own, develop, and manage properties dedicated to culture and the advancement of artistic practices of artists and the transformation of communities that support the arts; promote, protec, and maintain works of art and the legacy of artists; and make distributions to organizations that qualify as exempt organizations.
See Schuedule O
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Rtn Earn Endowment Incm Other Fnds | $3,916,411 | $2,807,204 | ▼ $1,109,207 |
| Land, Buildings, and Equipment, Net | $951,135 | $1,335,297 | ▲ $384,162 |
| Cash and Non-Interest-Bearing Accounts | $1,644,127 | $1,296,312 | ▼ $347,815 |
| Pledges and Grants Receivable | $1,430,770 | $257,534 | ▼ $1,173,236 |
| Prepaid Expenses and Deferred Charges | $9,196 | $34,780 | ▲ $25,584 |
| Total Assets | $4,035,228 | $2,931,173 | ▼ $1,104,055 |
| Other Assets Total | - | $7,250 | - |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $118,817 | $123,638 | ▲ $4,821 |
| Other Liabilities | - | $331 | - |
| Total Liabilities | $118,817 | $123,969 | ▲ $5,152 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $3,916,411 | $2,807,204 | ▼ $1,109,207 |
| Total Liabilities and Net Assets / Fund Balance | $4,035,228 | $2,931,173 | ▼ $1,104,055 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $820,068 | - | - |
| Land | $116,675 | - | - |
| Equipment | $17,369 | $3,686 | - |
| Leasehold Improvements | $381,185 | $138,899 | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Theaster Gates JR | President | PT | $116,000 | $116,000 |
| Name | Title |
|---|---|
| Acasia Wilson | Director |
| John Campbell | Director |
| Richard Sciortino | Director |
| Line Item | Amount |
|---|---|
| Other Expenses | $737,696 |
| Salaries, Compensation, and Employee Benefits | $442,542 |
| Total Fundraising Expense | $49,077 |
| Grants and Similar Amounts Paid | $2,000 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $199,680 | $160,204 | $49,077 | $408,961 |
| Fees for Services Other | $237,689 | $35,470 | $0 | $273,159 |
| Occupancy | $101,491 | $42,441 | $0 | $143,932 |
| Depreciation Depletion | $0 | $98,328 | $0 | $98,328 |
| Office Expenses | $21,941 | $34,497 | $0 | $56,438 |
| Payroll Taxes | $3,678 | $29,903 | $0 | $33,581 |
| Fees for Services Accounting | $0 | $32,169 | $0 | $32,169 |
| Insurance | $0 | $27,502 | $0 | $27,502 |
| Fees for Services Legal | $0 | $24,789 | $0 | $24,789 |
| Travel | $17,366 | $5,037 | $0 | $22,403 |
| Other Expenses | $13,752 | $50 | $0 | $13,802 |
| Advertising | $10,071 | $0 | $0 | $10,071 |
| All Other Expenses | $3,548 | $200 | $0 | $3,748 |
| Grants to Domestic Orgs | $2,000 | - | - | $2,000 |
| Total Functional Expenses | $642,571 | $490,590 | $49,077 | $1,182,238 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| Grand Crossing Management | Owner | Food Services | No | $0 |
| The Stony Group LLC | Owner | Rent | No | $0 |
| Liability | Amount |
|---|---|
| IL Unemployment Tax | $331 |
“Organization's Mission The organization's mission is to promote, support and advance public appreciation of the arts, culture and civic initiatives; to own, develop, and manage properties dedicated to culture and the advancement of artistic practices of artists and the transformation of communities that support the arts; promote, protect, and maintain works of art and the legacy of artists; and make distributions to organizations that qualify as exempt organizations.”
“Form 990, Part III, Line 4a - First Accomplishment Participation in on-going community programming at the Stony Island Arts Bank. Partnership with Rebuild Foundation on the activation of the Arts Bank Campus and additional renovation to the site. On going dialog with local community through a program called Ethical Redevelopment which trains community members in development strategies and has created a net working platform for future urban leaders. Space Fund has ongoing participation in local and national conversations around the issues of urban transformation. We remain a leader in smart growth efforts and neighborhood stewardship.”
“Form 990, Part VI, Line 11b - Organization's Process to Review Form 990 Form 990 was reviewed by the Treasurer on behalf of the Board of Directors”
“Form 990, Part VI, Line 12c - Enforcement of Conflicts Policy Annual conflict disclosures are sent out that require disclosure or reaffirmation that none exist.”
“Compensation Process for Top Official Research online of comparable positions & reviewing public data.”
“Governing Documents Disclosure Explanation Governing documents are made available upon request.”
“The 2017 Form 990 was submitted before the audit was completed. The beginning net assets needed to be adjusted per audit adjustments.”
“Performnace fees 2975. 2975. 0. 0.”
“Licenses and Fees 521. 321. 200. 0.”
“Dues & Subscriptions 150. 150. 0. 0.”
“Employee Expense 102. 102. 0. 0.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 118817 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 123638 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | See Schuedule O |
| IRS990/AdvertisingGrp/FundraisingAmt | 0 | 0 |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 10071 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 10071 |
| IRS990/AllOtherContributionsAmt | 0 | 32125 |
| IRS990/AllOtherExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 200 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 3548 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 3748 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | Dave White |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3124516101 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 305 E Garfiled BLVD |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | Chicago |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 60637 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | true |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 1644127 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 1296312 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 32125 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 2000 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 737696 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -1150113 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 442542 |
| IRS990/CYTotalExpensesAmt | 0 | 1182238 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 49077 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 32125 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/FundraisingAmt | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 98328 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 98328 |
| IRS990/Desc | 0 | Space Fund has successful stabilized several buildings on the south side, making one fit to establish a working saw mill that is training local staff on milling and wood working techniques and technologies. Temporary activation of the St. Laurence school to host a benefit for Space Fund partner, Rebuild Foundation. Ongoing renovation of a city owned Parks facility which will extend our wood training and fabrication education. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 6 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 642571 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/FundraisingAmt | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 32169 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 32169 |
| IRS990/FeesForServicesLegalGrp/FundraisingAmt | 0 | 0 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 24789 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 24789 |
| IRS990/FeesForServicesOtherGrp/FundraisingAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 35470 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 237689 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 273159 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 20.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Theaster Gates JR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Acasia Wilson |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | John Campbell |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Richard Sciortino |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 116000 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Director |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/FormationYr | 0 | 2014 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 4 |
| IRS990/GrantAmt | 0 | 32125 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 2000 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 2000 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 32125 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 3 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartVInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InsuranceGrp/FundraisingAmt | 0 | 0 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 27502 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 27502 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 19 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 142585 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 951135 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 1335297 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 1477882 |
| IRS990/LegalDomicileStateCd | 0 | IL |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MiscellaneousRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/MissionDesc | 0 | See Schuedule O |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 3916411 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 2807204 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/FundraisingAmt | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 42441 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 101491 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 143932 |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 34497 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 21941 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 56438 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrgDoesNotFollowSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 7250 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 40906 |
| IRS990/OtherExpensesGrp/Desc | 0 | Supplies |
| IRS990/OtherExpensesGrp/Desc | 1 | Public Programs & Outreach |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 50 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 31355 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 13752 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 31355 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 13802 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 331 |
| IRS990/OtherRevenueTotalAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 49077 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 160204 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 199680 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 408961 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 29903 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 3678 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 33581 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 1430770 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 257534 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 9196 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 34780 |
| IRS990/PrincipalOfficerNm | 0 | Theaster Gates Jr |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 45500 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 40000 |
| IRS990/PYOtherExpensesAmt | 0 | 638330 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -1033629 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 400799 |
| IRS990/PYTotalExpensesAmt | 0 | 1079129 |
| IRS990/PYTotalRevenueAmt | 0 | 45500 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -1150113 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 3916411 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 2807204 |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 32125 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 45500 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 5267821 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 30000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 5375446 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 0 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0 |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 5375446 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 0 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 32125 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 45500 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 5267821 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 30000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 5375446 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 5375446 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 0 |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 820068 |
| IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 820068 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 17369 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 3686 |
| IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt | 0 | 21055 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 116675 |
| IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt | 0 | 116675 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 381185 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 138899 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt | 0 | 520084 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 331 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | IL Unemployment Tax |
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| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm | 0 | The Stony Group LLC |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm | 1 | Grand Crossing Management |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Organization's Mission The organization's mission is to promote, support and advance public appreciation of the arts, culture and civic initiatives; to own, develop, and manage properties dedicated to culture and the advancement of artistic practices of artists and the transformation of communities that support the arts; promote, protect, and maintain works of art and the legacy of artists; and make distributions to organizations that qualify as exempt organizations. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Form 990, Part III, Line 4a - First Accomplishment Participation in on-going community programming at the Stony Island Arts Bank. Partnership with Rebuild Foundation on the activation of the Arts Bank Campus and additional renovation to the site. On going dialog with local community through a program called Ethical Redevelopment which trains community members in development strategies and has created a net working platform for future urban leaders. Space Fund has ongoing participation in local and national conversations around the issues of urban transformation. We remain a leader in smart growth efforts and neighborhood stewardship. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Form 990, Part VI, Line 11b - Organization's Process to Review Form 990 Form 990 was reviewed by the Treasurer on behalf of the Board of Directors |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Form 990, Part VI, Line 12c - Enforcement of Conflicts Policy Annual conflict disclosures are sent out that require disclosure or reaffirmation that none exist. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Compensation Process for Top Official Research online of comparable positions & reviewing public data. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Governing Documents Disclosure Explanation Governing documents are made available upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | The 2017 Form 990 was submitted before the audit was completed. The beginning net assets needed to be adjusted per audit adjustments. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Performnace fees 2975. 2975. 0. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Licenses and Fees 521. 321. 200. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | Dues & Subscriptions 150. 150. 0. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | Employee Expense 102. 102. 0. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Pt V, Line 14b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Pt VI, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Pt VI, Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Pt VI, Line 15a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Pt VI, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Pt XI |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Form 990, Part IX, Line 24e |
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| IRS990/USAddress/AddressLine1Txt | 0 | 6918 S Dorchester |
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| IRS990/WebsiteAddressTxt | 0 | www.spacefundchicago.com |
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| ReturnHeader/BuildTS | 0 | 2020-01-14 16:20:31Z |
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| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Tregg Duerson |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Chief Operating Officer |
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| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2019-10-02 |
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| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2019-10-04 |
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| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 15:00:04 |
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| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3125671330 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Wenqin Zhang |
| ReturnHeader/ReturnTs | 0 | 2019-10-04T15:00:28-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2018-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2018-12-31 |
| ReturnHeader/TaxYr | 0 | 2018 |
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Displayed year
2018 • Form 990Detailed filing. Detailed filing data is available for this year.