Civic Intelligence

Space One Eleven Inc.

990 • Fiscal year 2023 • EIN 57-0890249

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 11, 2024

2409 Second Ave NBirmingham, AL 35203

(205) 328-0553

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.15x

Higher debt load relative to assets than 63% of similar nonprofits.

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

Liabilities / Revenue

84th percentile

0.67x

Higher debt load relative to revenue than 84% of similar nonprofits.

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

Net Margin

10th percentile

-36%

Higher net margin than 10% of similar nonprofits.

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

Top Officer Pay

82nd percentile

$147,230

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 42.4% of source-year revenue.

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

Asset Growth

14th percentile

-8.9%

Faster asset growth than 14% of similar nonprofits.

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

Revenue Growth

6th percentile

-51%

Faster revenue growth than 6% of similar nonprofits.

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

Assets

Down

$1,502,101

Down $146,315 (-8.9%) from 2022

Net Assets

Down

$1,269,619

Down $123,966 (-8.9%) from 2022

Liabilities

Down

$232,482

Down $22,349 (-8.8%) from 2022

Revenue

Down

$347,150

Down $363,559 (-51%) from 2022

Expenses

Down

$471,116

Down $53,775 (-10%) from 2022

Net Income

Down

-$123,966

Down $309,784 (-167%) from 2022

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $689,672Liabilities 2011: $134,594Net Assets 2011: $555,0782011Assets 2012: $598,127Liabilities 2012: $128,682Net Assets 2012: $469,4452012Assets 2013: $604,330Liabilities 2013: $119,557Net Assets 2013: $484,7732013Assets 2014: $670,743Liabilities 2014: $112,651Net Assets 2014: $558,0922014Assets 2015: $586,325Liabilities 2015: $104,828Net Assets 2015: $481,4972015Assets 2016: $535,605Liabilities 2016: $92,956Net Assets 2016: $442,6492016Assets 2017: $627,726Liabilities 2017: $82,607Net Assets 2017: $545,1192017Assets 2018: $668,601Liabilities 2018: $76,013Net Assets 2018: $592,5882018Assets 2019: $679,759Liabilities 2019: $56,822Net Assets 2019: $622,9372019Assets 2020: $1,358,373Liabilities 2020: $193,447Net Assets 2020: $1,164,9262020Assets 2021: $1,473,830Liabilities 2021: $266,063Net Assets 2021: $1,207,7672021Assets 2022: $1,648,416Liabilities 2022: $254,831Net Assets 2022: $1,393,5852022Assets 2023: $1,502,101Liabilities 2023: $232,482Net Assets 2023: $1,269,6192023Assets 2024: $1,488,807Liabilities 2024: $209,644Net Assets 2024: $1,279,1632024

Highlighted filing

2023

Assets$1,502,101
Liabilities$232,482
Net Assets$1,269,619

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $196,0092011Expenses 2012: $252,6492012Revenue 2013: $313,666Expenses 2013: $298,338Net Income 2013: $15,3282013Revenue 2014: $344,075Expenses 2014: $270,756Net Income 2014: $73,3192014Revenue 2015: $196,124Expenses 2015: $272,719Net Income 2015: -$76,5952015Revenue 2016: $242,477Expenses 2016: $281,325Net Income 2016: -$38,8482016Revenue 2017: $392,289Expenses 2017: $289,819Net Income 2017: $102,4702017Revenue 2018: $365,721Expenses 2018: $318,252Net Income 2018: $47,4692018Revenue 2019: $334,601Expenses 2019: $304,252Net Income 2019: $30,3492019Revenue 2020: $815,334Expenses 2020: $273,348Net Income 2020: $541,9862020Revenue 2021: $448,498Expenses 2021: $405,657Net Income 2021: $42,8412021Revenue 2022: $710,709Expenses 2022: $524,891Net Income 2022: $185,8182022Revenue 2023: $347,150Expenses 2023: $471,116Net Income 2023: -$123,9662023Revenue 2024: $556,230Expenses 2024: $546,686Net Income 2024: $9,5442024

Highlighted filing

2023

Revenue$347,150
Expenses$471,116
Net Income-$123,966
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 11, 2024
Return Version
2023v5.1
Gross Receipts
$347,150
Mission and Program Overview

Mission

Our mission is to provide professional opportunities for artists, create a forum for public understanding of contemporary art, and offer free arts education to area youth.

Our mission is to provide professional opportunities for artists, create a forum for public understanding of contemporary art, and offer arts education to area youth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,103,602$1,082,832▼ $20,770
Land, Buildings, and Equipment, Net$402,088$372,249▼ $29,839
Pledges and Grants Receivable$135,400$26,850▼ $108,550
Accounts Receivable$7,326$20,170▲ $12,844
Total Assets$1,648,416$1,502,101▼ $146,315
Liabilities
Mortgage Notes Payable Secured by Investment Property$245,998$225,294▼ $20,704
Accounts Payable and Accrued Expenses$8,833$7,188▼ $1,645
Total Liabilities$254,831$232,482▼ $22,349
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,193,993$1,150,802▼ $43,191
Net Assets With Donor Restrictions$199,592$118,817▼ $80,775
Total Net Assets Fund Balance$1,393,585$1,269,619▼ $123,966
Total Liabilities and Net Assets / Fund Balance$1,648,416$1,502,101▼ $146,315

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$262,308$202,692$465,000
Leasehold Improvements$88,015$36,470$124,485
Equipment$21,926$79,505$101,431
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Peter PrinzCo-Founder, CEOFT$147,230$147,230

Board Members and Trustees

NameTitle
Susan ColvinBoard President
M Alex GoldsmithVice President
Becky PattersonDirector
Bert BrouwerDirector
Cathy Still McGowinDirector
Katherine Suttle WeinertDirector
Wm G Gip PlottDirector
Rick LoweHonorary Director
Melissa Murphy PhDSecretary
Patrick GarmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$243,781
Program Service Revenue
$45,989
Investment Income
$27,921
Other Revenue
$29,459
All Other Contributions
$199,768
Change in Net Assets
$-123,966
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$335,323
Other Expenses$135,793
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$139,869$7,362-$147,231
Other Salaries and Wages$91,484$4,814-$96,298
Pension Plan Contributions$44,983$2,368-$47,351
Fees for Services Other$39,669--$39,669
Depreciation Depletion$28,347$1,492-$29,839
Payroll Taxes$21,219$1,117-$22,336
Other Employee Benefits$21,002$1,105-$22,107
Occupancy$12,393$652-$13,045
Information Technology$7,767$409-$8,176
Insurance$4,638$245-$4,883
Fees for Services Accounting$4,375$230-$4,605
Travel$3,337$176-$3,513
Office Expenses$3,052$161-$3,213
Advertising$2,891$152-$3,043
Other Expenses$2,353$124-$2,477
Conferences and Meetings$489$26-$515
All Other Expenses$245$13-$258
Total Functional Expenses$450,277$20,839$0$471,116
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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 B, line 11B

Draft of 990 is presented to the finance committee for review. Finance committe presents 990 to the board. Then, it is sent back to the accounting firm.

Form 990, Part VI, Section B, line 12C

The chair of the governance committee regularly and consistently monitors and enforces compliance with the policy.

Form 990, Part VI, Section B, line 15A

Review by the Governance Committee and approved by the Board of Directors.

Form 990, Part VI, Section C, line 19

Form 990 is available upon request and is available at www.guidestar.org

Filing and Contact Details

Filer

Filer Name
Space One Eleven Inc
EIN
57-0890249
Phone
2053280553
Address
2409 Second Ave N, Birmingham, AL 35203

Signing Officer

Name
Susan Colvin
Title
Board Chair
Phone
2053280553
Signed
2024-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Colvin
Formed
1986
Legal Domicile
Al
Voting Board Members
10
Independent Board Members
10
Employees
8
Volunteers
21

Preparer

Firm
Haynes Downard LLP
Address
3161 Cahaba Heights Road Suite 203, Birmingham, AL 35243
Preparer
Lewis F Jones Jr
Phone
2052543380
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 2C

The Organization has not changed its oversight process or selection process of the audit during the current year.

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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01117
IRS990/PayrollTaxesGrp/ProgramServicesAmt021219
IRS990/PayrollTaxesGrp/TotalAmt022336
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02368
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt044983
IRS990/PensionPlanContributionsGrp/TotalAmt047351
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0135400
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt026850
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Susan Colvin
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711190
IRS990/ProgramServiceRevenueGrp/Desc0Art classes
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt045989
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt045989
IRS990/ProgSrvcAccomActy2Grp/Desc0Education - provide free after school and summer art education programs to children of low income families.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0306226
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt045989
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0530311
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01281
IRS990/PYOtherExpensesAmt0167757
IRS990/PYOtherRevenueAmt040210
IRS990/PYProgramServiceRevenueAmt0138907
IRS990/PYRevenuesLessExpensesAmt0185818
IRS990/PYSalariesCompEmpBnftPaidAmt0357134
IRS990/PYTotalExpensesAmt0524891
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0710709
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-123966
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt028293
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt029459
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01103602
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01082832
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0194582
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0530311
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0346134
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0756102
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0240757
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02067886
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt027921
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01281
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0868
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01515
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02106
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt033691
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0546041
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01166
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt05176
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01094
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01238
IRS990ScheduleA/OtherIncome170Grp/TotalAmt08674
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97990
IRS990ScheduleA/PublicSupportPY170Pct00.99280
IRS990ScheduleA/PublicSupportTotal170Amt02067886
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0194582
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0530311
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0346134
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0756102
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0240757
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02067886
IRS990ScheduleA/TotalSupportAmt02110251
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/BookValueAmt0262308
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0202692
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0465000
IRS990ScheduleD/EquipmentGrp/BookValueAmt021926
IRS990ScheduleD/EquipmentGrp/DepreciationAmt079505
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0101431
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt088015
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt036470
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0124485
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0372249
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Draft of 990 is presented to the finance committee for review. Finance committe presents 990 to the board. Then, it is sent back to the accounting firm.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The chair of the governance committee regularly and consistently monitors and enforces compliance with the policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Review by the Governance Committee and approved by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990 is available upon request and is available at www.guidestar.org
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization has not changed its oversight process or selection process of the audit during the current year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Page 12, Part XII, Line 2c
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0AL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01648416
IRS990/TotalAssetsEOYAmt01502101
IRS990/TotalAssetsGrp/BOYAmt01648416
IRS990/TotalAssetsGrp/EOYAmt01502101
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0243781
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020839
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0450277
IRS990/TotalFunctionalExpensesGrp/TotalAmt0471116
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0254831
IRS990/TotalLiabilitiesEOYAmt0232482
IRS990/TotalLiabilitiesGrp/BOYAmt0254831
IRS990/TotalLiabilitiesGrp/EOYAmt0232482
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01393585
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01269619

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.49$0.21$1.28$0.56$0.55$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.50$0.23$1.27$0.35$0.47$0.12
2022Detailed filing. Detailed filing data is available for this year.$1.65$0.25$1.39$0.71$0.52$0.19
2021Detailed filing. Detailed filing data is available for this year.$1.47$0.27$1.21$0.45$0.41$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.36$0.19$1.16$0.82$0.27$0.54
2019Detailed filing. Detailed filing data is available for this year.$0.68$0.06$0.62$0.33$0.30$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.67$0.08$0.59$0.37$0.32$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.63$0.08$0.55$0.39$0.29$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.54$0.09$0.44$0.24$0.28$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.59$0.10$0.48$0.20$0.27$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.67$0.11$0.56$0.34$0.27$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.60$0.12$0.48$0.31$0.30$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.13$0.47$0.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.13$0.56$0.20