Liabilities / Assets
78th percentile
Higher debt load relative to assets than 78% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
78th percentile
Higher debt load relative to assets than 78% of similar nonprofits.
Liabilities / Revenue
84th percentile
Higher debt load relative to revenue than 84% of similar nonprofits.
Net Margin
31st percentile
Higher net margin than 31% of similar nonprofits.
Top Officer Pay
94th percentile
Higher top officer pay than 94% of similar nonprofits.
Top officer pay equals 36.8% of source-year revenue.
Asset Growth
4th percentile
Faster asset growth than 4% of similar nonprofits.
Revenue Growth
26th percentile
Faster revenue growth than 26% of similar nonprofits.
Assets
Down$134,674
Down $205,640 (-60%) from 2020
Net Assets
Down$77,833
Down $251,676 (-76%) from 2020
Liabilities
Up$56,841
Up $46,036 (+426%) from 2020
Revenue
Down$135,744
Down $50,808 (-27%) from 2020
Expenses
Down$137,420
Down $36,603 (-21%) from 2020
Net Income
Down-$1,676
Down $14,205 (-113%) from 2020
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.
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Pledges and Grants Receivable | $250,000 | - | - |
| Cash and Non-Interest-Bearing Accounts | $77,456 | $113,230 | ▲ $35,774 |
| Savings and Temporary Cash Investments | $12,858 | $8,469 | ▼ $4,389 |
| Intangible Assets | - | $6,000 | - |
| Land, Buildings, and Equipment, Net | - | $1,229 | - |
| Prepaid Expenses and Deferred Charges | - | $1,192 | - |
| Total Assets | $340,314 | $134,674 | ▼ $205,640 |
| Other Assets Total | - | $4,554 | - |
| Liabilities | |||
| Other Liabilities | - | $30,000 | - |
| Accounts Payable and Accrued Expenses | $10,805 | $26,841 | ▲ $16,036 |
| Total Liabilities | $10,805 | $56,841 | ▲ $46,036 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $54,509 | $52,833 | ▼ $1,676 |
| Net Assets With Donor Restrictions | $275,000 | $25,000 | ▼ $250,000 |
| Total Net Assets Fund Balance | $329,509 | $77,833 | ▼ $251,676 |
| Total Liabilities and Net Assets / Fund Balance | $340,314 | $134,674 | ▼ $205,640 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $1,229 | $88 | $1,317 |
| Land | $0 | - | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Randi Berry | Board Member/executive Director | FT | $50,000 | $50,000 |
| Brea Clemons | Board Member | PT | $33,365 | $33,365 |
| Name | Title |
|---|---|
| Paul Leibowitz | President |
| Charlie Lebess | Board Member |
| Pamela Kupper | Board Member |
| Samuel Morales | Board Member |
| Joseph Auld | Secretary |
| Erez Ziv | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $64,297 |
| Other Expenses | $53,123 |
| Grants and Similar Amounts Paid | $20,000 |
| Total Fundraising Expense | $11,329 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $42,215 | $10,896 | $5,076 | $58,187 |
| Grants to Domestic Orgs | $20,000 | - | - | $20,000 |
| Fees for Services Accounting | $0 | $17,772 | $0 | $17,772 |
| Payroll Taxes | $4,433 | $1,144 | $533 | $6,110 |
| Other Expenses | $0 | $1,714 | $0 | $1,714 |
| All Other Expenses | $250 | $64 | $0 | $314 |
| Insurance | $0 | $187 | $0 | $187 |
| Office Expenses | $0 | $149 | $0 | $149 |
| Advertising | $0 | $114 | $0 | $114 |
| Depreciation Depletion | $0 | $88 | $0 | $88 |
| Total Functional Expenses | $66,898 | $59,193 | $11,329 | $137,420 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $349,223 |
| Expenses Not Reported on Form 990 | $211,803 |
| Expenses per Audited Statements | $137,420 |
| Total Expenses per Form 990 | $137,420 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| The Indie Theater Fund | Astoria, NY | 501(c)(3) | Program services | $20,000 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Grant Advance | $30,000 |
“Form 990, part iii, line 4a - program service accomplishments: in 2021, 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 2021 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.”
“990 is reviewed/approved by the board prior to filing.”
“Officers/directors are required to disclose conflicts of interest annually to the board secretary.”
“Governing documents disclosure explanation - certain policies and documents can be made available upon request.”
“The organization has evaluated its current tax positions and has concluded that as of december 31, 2021, the organization does not have any significant uncertain tax positions for which a reserve would be necessary.”
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 | 10805 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 26841 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | 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. |
| IRS990/AdvertisingGrp/FundraisingAmt | 0 | 0 |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 114 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 114 |
| IRS990/AllOtherContributionsAmt | 0 | 130694 |
| IRS990/AllOtherExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 64 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 250 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 314 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | false |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | RANDI BERRY |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 9176261369 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 48-15 28TH AVENUE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | ASTORIA |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 11103 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 77456 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 113230 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt | 0 | 5076 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 10896 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 42215 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 58187 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | false |
| 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 | 135694 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 20000 |
| IRS990/CYInvestmentIncomeAmt | 0 | 1 |
| IRS990/CYOtherExpensesAmt | 0 | 53123 |
| IRS990/CYOtherRevenueAmt | 0 | 49 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -1676 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 64297 |
| IRS990/CYTotalExpensesAmt | 0 | 137420 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 11329 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 135744 |
| 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 | 88 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 88 |
| IRS990/Desc | 0 | SEE SCHEDULE O. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 275000 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 25000 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 2 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 66898 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/FundraisingAmt | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 17772 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 17772 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 20.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | RANDI BERRY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | BREA CLEMONS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | PAUL LEIBOWITZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | EREZ ZIV |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | JOSEPH AULD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | CHARLIE LEBESS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | PAMELA KUPPER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | SAMUEL MORALES |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 50000 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 33365 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | BOARD MEMBER/EXECUTIVE DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | BOARD MEMBER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2015 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 8 |
| IRS990/GovernmentGrantsAmt | 0 | 5000 |
| IRS990/GrantAmt | 0 | 0 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 20000 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 20000 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | true |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 135744 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 6 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/FundraisingAmt | 0 | 0 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 187 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 187 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 6000 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 1 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 1 |
| IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 8 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 88 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 1229 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 1317 |
| IRS990/LegalDomicileStateCd | 0 | NY |
| 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/MissionDesc | 0 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 329509 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 77833 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 54509 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 52833 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 149 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 149 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 4554 |
| IRS990/OtherExpensesGrp/Desc | 0 | OTHER PROFESSIONAL FEES |
| IRS990/OtherExpensesGrp/Desc | 1 | DEVELOPMENT FEES |
| IRS990/OtherExpensesGrp/Desc | 2 | PAYROLL PROCESSING FEES |
| IRS990/OtherExpensesGrp/Desc | 3 | MISCELLANEOUS |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 5720 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 2 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 3 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 26260 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 805 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 1714 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 0 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 26260 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 5720 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 805 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 1714 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 30000 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | Miscellaneous Income |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 0 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 49 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 49 |
| IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/OtherRevenueTotalAmt | 0 | 49 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 533 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 1144 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 4433 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 6110 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 250000 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 1192 |
| IRS990/PrincipalOfficerNm | 0 | RANDI BERRY |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | -250000 |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 186550 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 72000 |
| IRS990/PYInvestmentIncomeAmt | 0 | 2 |
| IRS990/PYOtherExpensesAmt | 0 | 47180 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 12529 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 54843 |
| IRS990/PYTotalExpensesAmt | 0 | 174023 |
| IRS990/PYTotalRevenueAmt | 0 | 186552 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
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| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | IndieSpace asserts that we are operating as a not for profit organization and not a private foundation. Paul Leibowitz has supported a good portion of our operating expenses as we found our footing as an organization and grew our programming. Each year we've gotten more funding and have moved closer to expanding our donor base. It was always the intention that Paul would help as we started and that slowly other donors and funders and services would eventually garner what we needed for operation. We provide free advisory and consulting services to many many venues and independent artists in NYC. We are viewed as a service organization by the community and are providing a vital service to artists in NYC. We are now in consistent conversations with private foundations and have been garnering more and more attention from government, press and other organizations in our field. This process has taken time, especially having started with a budget less than $250,000, the threshold that many foundations require you to be above in order to get their funding. We've been able to prove ourselves in this way and are receiving operating support and programming support from The Howard Gilman Foundation, The New York Community Trust, New York State Council on the Arts and more. It is because of our work as a not for profit and the high level of service we provide to our field that these funders, who do rigorous vetting, have found us worthy of their support and within any guidelines for operating a not for profit. We are also in the middle of a merger with another service organization, The Indie Theater Fund. The Indie Theater Fund has been around longer than IndieSpace and has a very active individual donor base and receives considerable support from foundations. The Fund will ultimately be a program of IndieSpace and we believe will maintain these donors and funders. See also Schedule O line number "Other" for additional information regarding the organization's 2021 accomplishments. |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2021, THE ORGANIZATION DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | FORM 990, PART III, LINE 4A - PROGRAM SERVICE ACCOMPLISHMENTS: IN 2021, 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 2021 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 990 IS REVIEWED/APPROVED BY THE BOARD PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | OFFICERS/DIRECTORS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST ANNUALLY TO THE BOARD SECRETARY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | GOVERNING DOCUMENTS DISCLOSURE EXPLANATION - CERTAIN POLICIES AND DOCUMENTS CAN BE MADE AVAILABLE UPON REQUEST. |
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Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.