Civic Intelligence

Vector Space

990 • Fiscal year 2023 • EIN 47-3633116

Jan 01, 2023 to Dec 31, 2023 • Filed on May 15, 2024

Organization ProfileWWW.VECTOR-SPACE.ORG
2004 Memorial AvenueLynchburg, VA 24501

(434) 515-1584

Siviq Scores

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

Liabilities / Assets

86th percentile

0.58x

Higher debt load relative to assets than 86% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

91st percentile

1.53x

Higher debt load relative to revenue than 91% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

85th percentile

36%

Higher net margin than 85% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

42nd percentile

$20,000

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

98th percentile

248%

Faster asset growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

79th percentile

38%

Faster revenue growth than 79% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$1,651,826

Up $1,177,702 (+248%) from 2022

Net Assets

Up

$696,940

Up $223,467 (+47%) from 2022

Liabilities

Up

$954,886

Up $954,235 (+146580%) from 2022

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin85th percentile

Revenue

Up

$625,651

Up $173,238 (+38%) from 2022

Expenses

Up

$402,184

Up $195,978 (+95%) from 2022

Net Income

Down

$223,467

Down $22,740 (-9.2%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2017: $11,244Liabilities 2017: $1,780Net Assets 2017: $9,4642017Assets 2018: $51,243Liabilities 2018: $1,308Net Assets 2018: $49,9352018Assets 2019: $65,136Liabilities 2019: $1,237Net Assets 2019: $63,8992019Assets 2020: $137,346Liabilities 2020: $493Net Assets 2020: $136,8532020Assets 2021: $227,567Liabilities 2021: $301Net Assets 2021: $227,2662021Assets 2022: $474,124Liabilities 2022: $651Net Assets 2022: $473,4732022Assets 2023: $1,651,826Liabilities 2023: $954,886Net Assets 2023: $696,9402023Assets 2024: $1,488,541Liabilities 2024: $728,707Net Assets 2024: $759,8342024

Highlighted filing

2023

Assets$1,651,826
Liabilities$954,886
Net Assets$696,940
Open 2023 Filing

Operations Trend

Revenue Growth79th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2017: $96,505Expenses 2017: $103,073Net Income 2017: -$6,5682017Revenue 2018: $170,174Expenses 2018: $130,206Net Income 2018: $39,9682018Revenue 2019: $156,479Expenses 2019: $150,197Net Income 2019: $6,2822019Revenue 2020: $236,410Expenses 2020: $160,464Net Income 2020: $75,9462020Revenue 2021: $278,361Expenses 2021: $191,887Net Income 2021: $86,4742021Revenue 2022: $452,413Expenses 2022: $206,206Net Income 2022: $246,2072022Revenue 2023: $625,651Expenses 2023: $402,184Net Income 2023: $223,4672023Revenue 2024: $436,637Expenses 2024: $373,743Net Income 2024: $62,8942024

Highlighted filing

2023

Revenue$625,651
Expenses$402,184
Net Income$223,467
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 15, 2024
Return Version
2023v5.0
Gross Receipts
$629,111
Mission and Program Overview

Mission

To build an open and collaborative community that fosters innovation, creativity, and the pursuit of science based knowledge.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$74,675$1,307,443▲ $1,232,768
Savings and Temporary Cash Investments$314,168$266,827▼ $47,341
Cash and Non-Interest-Bearing Accounts$70,143$71,988▲ $1,845
Accounts Receivable$5,138$5,568▲ $430
Total Assets$474,124$1,651,826▲ $1,177,702
Other Assets Total$10,000$0▼ $10,000
Liabilities
Mortgage Notes Payable Secured by Investment Property-$952,806-
Other Liabilities$651$2,080▲ $1,429
Total Liabilities$651$954,886▲ $954,235
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$473,473$696,940▲ $223,467
Total Net Assets Fund Balance$473,473$696,940▲ $223,467
Total Liabilities and Net Assets / Fund Balance$474,124$1,651,826▲ $1,177,702

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,252,011$29,862$1,281,873
Equipment$55,432$40,781$96,213
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Adam SpontarelliDirector of EducationFT$20,000$20,000
Elise SpontarelliExecutive DirectorFT$20,000$20,000

Board Members and Trustees

NameTitle
Bob BaileyBoard Chair
Anna BenstonDirector
Ken BogacikDirector
Michelline HallDirector
Nat MarshallDirector
Peter SheldonDirector
Bethanie MicklesRecording Secretary
Rayfurd ThompsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$584,856
Program Service Revenue
$37,505
Investment Income
$1,662
Other Revenue
$1,628
All Other Contributions
$254,019
Change in Net Assets
$223,467
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$336,851
Salaries, Compensation, and Employee Benefits$65,333
Total Fundraising Expense$6,467
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$70,259--$70,259
Interest$61,615--$61,615
Depreciation Depletion$49,105--$49,105
Current Officers, Directors, Trustees, and Key Employees$10,778$25,868$6,467$43,113
Fees for Services Other$22,709--$22,709
Other Salaries and Wages$19,315--$19,315
Insurance$12,888$3,222-$16,110
All Other Expenses$6,200$549-$6,749
Office Expenses$4,880--$4,880
Other Expenses$4,083$4,036-$4,036
Advertising-$3,680-$3,680
Fees for Services Accounting-$3,200-$3,200
Payroll Taxes$2,905--$2,905
Travel$1,313--$1,313
Conferences and Meetings-$856-$856
Information Technology$731--$731
Total Functional Expenses$354,306$41,411$6,467$402,184
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$3,454
Fundraising Gross Income$613
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
Payroll Taxes$1,175
Direct Deposit Payable$905
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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

“Adam spontarelli, director of education, is married to the executive director and fellow co-founder of vector space, elise spontarelli.”

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

“Vector space provides a full copy of the 990 to the board. It is reviewed by the board member and any question/concerns are discussed.”

Form 990, Part VI, Section C, Line 18

“Governing documents, conflict of interest policy and financial statements are provided to the public upon request.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy and financial statements are provided to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Vector Space
EIN
47-3633116
Phone
4345151584
Address
2004 MEMORIAL AVENUE, LYNCHBURG, VA 24501

Signing Officer

Name
Elise Spontarelli
Title
Executive Director
Phone
4345151584
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elise Spontarelli
Formed
2015
Legal Domicile
Va
Voting Board Members
8
Independent Board Members
7
Employees
3
Volunteers
260

Preparer

Firm
Brown Edwards & Company Llp
Address
828 MAIN STREET SUITE 1401, LYNCHBURG, VA 24504
Preparer
Corbin H Rice
Phone
4349489000
Raw XML AppendixShowing 400 of 432 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYTotalRevenueAmt0452413
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0223467
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt01583
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt041974
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0314168
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0266827
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0584856
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0410377
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0270865
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0205529
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0112006
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01583633
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01662
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt081
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt021
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01764
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt021976
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.91970
IRS990ScheduleA/PublicSupportPY170Pct00.92430
IRS990ScheduleA/PublicSupportTotal170Amt01458045
IRS990ScheduleA/SubstantialContributorsTotAmt0125588
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0584856
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0410377
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0270865
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0205529
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0112006
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01583633
IRS990ScheduleA/TotalSupportAmt01585397
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/BookValueAmt01252011
IRS990ScheduleD/BuildingsGrp/DepreciationAmt029862
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01281873
IRS990ScheduleD/EquipmentGrp/BookValueAmt055432
IRS990ScheduleD/EquipmentGrp/DepreciationAmt040781
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt096213
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01175
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1905
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DIRECT DEPOSIT PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01307443
IRS990ScheduleD/TotalLiabilityAmt02080
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ADAM SPONTARELLI, DIRECTOR OF EDUCATION, IS MARRIED TO THE EXECUTIVE DIRECTOR AND FELLOW CO-FOUNDER OF VECTOR SPACE, ELISE SPONTARELLI.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VECTOR SPACE PROVIDES A FULL COPY OF THE 990 TO THE BOARD. IT IS REVIEWED BY THE BOARD MEMBER AND ANY QUESTION/CONCERNS ARE DISCUSSED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE PROVIDED TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE PROVIDED TO THE PUBLIC UPON REQUEST.
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 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/EOYAmt01651826
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0584856
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt06467
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt041411
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0354306
IRS990/TotalFunctionalExpensesGrp/TotalAmt0402184
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0651
IRS990/TotalLiabilitiesEOYAmt0954886
IRS990/TotalLiabilitiesGrp/BOYAmt0651
IRS990/TotalLiabilitiesGrp/EOYAmt0954886
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0473473
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0696940
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0354306
IRS990/TotalProgramServiceRevenueAmt037505
IRS990/TotalReportableCompFromOrgAmt040000
IRS990/TotalRevenueGrp/ExclusionAmt0-1179
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt041974
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0625651
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0260
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0474124
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01651826
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt01313
IRS990/TravelGrp/TotalAmt01313
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt02004 MEMORIAL AVENUE
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IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.VECTOR-SPACE.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,651,826
Liabilities
$954,886
Net assets
$696,940
Revenue
$625,651
Expenses
$402,184
Net income
$223,467
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.49$0.73$0.76$0.44$0.37$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.65$0.95$0.70$0.63$0.40$0.22
2022Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$0.45$0.21$0.25
2021Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$0.28$0.19$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.24$0.16$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.06$0.16$0.15$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.17$0.13$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.10$0.10$0.01