Civic Intelligence

Indiespace Inc

EIN 47-4523884 • 501(c)3 • Astoria, NY

Profile

Indiespace celebrates and centers independent theater-making in new york city. The organization provides radically transparent, responsive and equity-focused funding, real estate programs, professional development, and advocacy to individual artists, theater companies, and indie venues.

48-15 28th AvenueAstoria, NY 11103

www.indiespace.org

Siviq Scores

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

Liabilities / Assets

31st percentile

0.01x

Higher debt load relative to assets than 31% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

27th percentile

0.01x

Higher debt load relative to revenue than 27% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

87th percentile

42%

Higher net margin than 87% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

93rd percentile

$45,192

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 48.2% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

94th percentile

85%

Faster asset growth than 94% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

90th percentile

75%

Faster revenue growth than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,670,224

Up $769,272 (+85%) from 2023

Liabilities

Down

$15,554

Down $139,400 (-90%) from 2023

Net Assets

Up

$1,654,670

Up $908,672 (+122%) from 2023

Revenue

Up

$2,155,460

Up $923,356 (+75%) from 2023

Expenses

Down

$1,243,446

Down $91,586 (-6.9%) from 2023

Net Income

Up

$912,014

Up $1,014,942 (+986%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2016: $15,616Net Assets 2016: $15,6162016Assets 2017: $9,727Liabilities 2017: $2,000Net Assets 2017: $7,7272017Assets 2018: $260,935Liabilities 2018: $157Net Assets 2018: $260,7782018Assets 2019: $317,025Liabilities 2019: $45Net Assets 2019: $316,9802019Assets 2020: $340,314Liabilities 2020: $10,805Net Assets 2020: $329,5092020Assets 2021: $134,674Liabilities 2021: $56,841Net Assets 2021: $77,8332021Assets 2022: $868,878Liabilities 2022: $19,952Net Assets 2022: $848,9262022Assets 2023: $900,952Liabilities 2023: $154,954Net Assets 2023: $745,9982023Assets 2024: $1,670,224Liabilities 2024: $15,554Net Assets 2024: $1,654,6702024

Highlighted filing

2024

Assets$1,670,224
Liabilities$15,554
Net Assets$1,654,670

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $93,682Expenses 2016: $78,066Net Income 2016: $15,6162016Revenue 2017: $57,222Expenses 2017: $65,111Net Income 2017: -$7,8892017Revenue 2018: $317,280Expenses 2018: $64,229Net Income 2018: $253,0512018Revenue 2019: $120,695Expenses 2019: $64,493Net Income 2019: $56,2022019Revenue 2020: $186,552Expenses 2020: $174,023Net Income 2020: $12,5292020Revenue 2021: $135,744Expenses 2021: $137,420Net Income 2021: -$1,6762021Revenue 2022: $1,533,164Expenses 2022: $762,071Net Income 2022: $771,0932022Revenue 2023: $1,232,104Expenses 2023: $1,335,032Net Income 2023: -$102,9282023Revenue 2024: $2,155,460Expenses 2024: $1,243,446Net Income 2024: $912,0142024

Highlighted filing

2024

Revenue$2,155,460
Expenses$1,243,446
Net Income$912,014

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 5, 2025
Return Version
2024v5.2
Gross Receipts
$2,155,460
Mission and Program Overview

Mission

The organization's primary mission is to create permanent real estate solutions for the indie theatre community by delivering affordable creative space for a diversity of performing artists along with supportive programming, indiespace will help preserve and enhance a vital piece of the cultural lives of new yorkers.

Indiespace celebrates and centers independent theater-making in new york city. The organization provides radically transparent, responsive and equity-focused funding, real estate programs, professional development, and advocacy to individual artists, theater companies, and indie venues.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$885,577-
Pledges and Grants Receivable$239,000$490,100▲ $251,100
Cash and Non-Interest-Bearing Accounts$404,024$136,421▼ $267,603
Other Notes and Loans Receivable, Net$20,350$84,625▲ $64,275
Prepaid Expenses and Deferred Charges-$26,468-
Land, Buildings, and Equipment, Net$29,784$22,916▼ $6,868
Inventories for Sale or Use$12,741--
Savings and Temporary Cash Investments$184,003$3,834▼ $180,169
Intangible Assets$4,800$3,600▼ $1,200
Total Assets$900,952$1,670,224▲ $769,272
Other Assets Total$6,250$16,683▲ $10,433
Liabilities
Accounts Payable and Accrued Expenses$24,804$15,404▼ $9,400
Grants Payable$130,150$150▼ $130,000
Total Liabilities$154,954$15,554▼ $139,400
Net Assets / Fund Balance
Net Assets With Donor Restrictions$329,500$1,055,833▲ $726,333
Net Assets Without Donor Restrictions$416,498$598,837▲ $182,339
Total Net Assets Fund Balance$745,998$1,654,670▲ $908,672
Total Liabilities and Net Assets / Fund Balance$900,952$1,670,224▲ $769,272

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$17,896$12,452-
Land$0--
Equipment$4,020$3,080-
Leasehold Improvements$1,000$1,500-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Randi BerryBoard Member/executive DirectorFT$133,752$133,752
Veshonte BrownBoard Member/programs ManagerFT$71,282$71,282

Board Members and Trustees

NameTitle
Raquel AlmazanPresident
Marty LinskyBoard Emeritus
Paul LelbowitzBoard Emeritus
Andrew ClarkeBoard Member
Brea ClemonsBoard Member
Candace JacksonBoard Member
Dechelle DamienBoard Member
Erez ZivBoard Member
Joseph AuldBoard Member
Maya Quetzali GonzalezBoard Member
Pamela ChislingBoard Member
SIOBHAN O'NEILLBoard Member
Samuel MoralesSecretary
Brian BerkTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,098,439
Program Service Revenue
$0
Investment Income
$37,202
Other Revenue
$19,819
All Other Contributions
$2,066,962
Change in Net Assets
$912,014

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,155,460
Revenue Not Reported on Form 990
$98,258
Total Revenue per Audited Statements
$2,253,718
Total Revenue per Form 990
$2,155,460
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$560,105
Salaries, Compensation, and Employee Benefits$407,776
Grants and Similar Amounts Paid$275,565
Total Fundraising Expense$59,465
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$155,262$128,418$5,561$289,241
Grants to Domestic Individuals$275,565--$275,565
Current Officers, Directors, Trustees, and Key Employees$170,079$28,011$14,006$212,096
Other Salaries and Wages$107,388$35,343$0$142,731
Fees for Services Accounting$0$74,123$0$74,123
Fees for Services Lobbying$40,600$0$0$40,600
Payroll Taxes$22,979$5,247$1,160$29,386
Other Employee Benefits$18,426$4,207$930$23,563
Occupancy$12,386$0$0$12,386
All Other Expenses$3,786$6,382$58$10,226
Depreciation Depletion$6,809$1,555$343$8,707
Insurance$4,766$1,088$240$6,094
Travel$213$5,697$0$5,910
Other Expenses$606$2,926$1,167$4,699
Conferences and Meetings$0$4,543$0$4,543
Advertising$900$1,522$0$2,422
Total Functional Expenses$863,341$320,640$59,465$1,243,446

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,345,046
Expenses per Audited Statements$1,243,446
Total Expenses per Form 990$1,243,446
Expenses Not Reported on Form 990$101,600
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
National Queer TheatreBrooklyn, NY---
The Brick Theater IncBrooklyn, NY---
Topaz Arts IncWoodside, NY---
Weis AcresNew York, NY---
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$26,477$0-$0
Total Events$26,477$0-$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Filing and Contact Details

Filer

Filer Name
Indiespace Inc
EIN
47-4523884
Phone
9176261369
Address
48-15 28TH AVENUE, ASTORIA, NY 11103

Signing Officer

Name
Randi Berry
Title
Executive Director
Phone
9176261369
Signed
2025-08-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randi Berry
Formed
2015
Legal Domicile
Ny
Voting Board Members
16
Independent Board Members
12
Employees
4
Volunteers
12

Preparer

Firm
Rich and Bander Llp
Address
79 MADISON AVE 2ND FLOOR, NEW YORK, NY 10016
Preparer
Jonathan a Bander
Phone
2126842470
Supplemental Narrative

Additional Explanations

Other

Form 990, part iii, line 4a - program service accomplishments: in 2024, indiespace continued its search for a new, permanent space for indie theater artists and we grew our advisory and consulting program by 38 organizations. Indiespace provided considerable support to all of its current and past clients during covid closures. Indiespace maintains contact with its past advisory and consulting clients, offering support as needed, on various issues like landlord communication, dob violations, etc. Below are a few of our 2024 success stories: - indiespace helped the secret theater gracefully close their doors and then worked with astoria performing arts center to take over the secret theater space. Indiespace helped negotiate the new lease and gave a lease clause class to apac administration before signing. Indiespace preserved this theater as a cultural space as the ll had demolished it and planned to rent it to a gym - indiespace worked with the wild project to continue purchase conversations with the owner of their space. We are reviewing and evaluating creative opportunities for renting to own or seller financing. We also connected the wild project with appraisers and other consultants to move this project forward - indiespace hosted three panels and four roundtables on lease negotiation and strategy during covid, hvac upgrades with specialists, new seating configurations with architects and on legal responsibilities of tenants during the pandemic - indiespace worked with the bushwick starr to help them determine a property purchase was the right next step for their org. We connected to them to brokers, evaluated properties and helped them connect to potential financing options - we participated in strategic planning for four organizations who were exploring space challenges or opportunities during the covid closures: epic players, elevator repair service, the connelly and classical theater of harlem - indiespace helped grand central atelier sign a new lease for space in brooklyn - we continued lease negotiations with the apollo on behalf of classical theater of harlem. Began exploring space purchase options in the event the apollo negotiation is not successful - indiespace consulted with 50+ orgs on lease negotiations with landlords due to covid closures - indiespace co hosted a weekly strategy call for indie venues on various re-opening processes and concerns - indiespace provided ongoing support to all of its advisory and consulting clients when dealing with the dob and the fire dept, saving them thousands of dollars in potential, unfounded fines.

Pt VI, Line 11B

990 is reviewed/approved by the board prior to filing.

Pt VI, Line 12C

Officers/directors are required to disclose conflicts of interest annually to the board secretary.

Pt VI, Line 19

Governing documents disclosure explanation - certain policies and documents can be made available upon request.

Form 990, Part IX, Line 11G

Capital consultant 77585. 77585. 0. 0.

Form 990, Part IX, Line 11G

Social media & website 42000. 0. 42000. 0.

Form 990, Part IX, Line 11G

Public relations 24000. 0. 24000. 0.

Form 990, Part IX, Line 11G

Strategic planning 43531. 0. 43531. 0.

Form 990, Part IX, Line 11G

Photography and videography 3489. 3489. 0. 0.

Form 990, Part IX, Line 11G

Program contractors 58100. 57500. 0. 600.

Form 990, Part IX, Line 11G

Other professional fees 40536. 16688. 18887. 4961.

Financial Statement Notes

Pt X, Line 2

The organization has evaluated its current tax positions and has concluded that as of december 31, 2024, the organization does not have any significant uncertain tax positions for which a reserve would be necessary.

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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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