Civic Intelligence

K Space Contemporary

EIN 74-3006446 • 501(c)3 • Corpus Christi, TX

Profile

Education & promotion of cultural fine arts to the local communities

623 N Chaparral StreetCorpus Christi, TX 78401

www.kspacecontemporary.org

Siviq Scores

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

Liabilities / Assets

74th percentile

0.04x

Higher debt load relative to assets than 74% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.01x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

49th percentile

1.2%

Higher net margin than 49% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

51st percentile

-0.8%

Faster asset growth than 51% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

58th percentile

5.2%

Faster revenue growth than 58% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$125,988

Down $963 (-0.8%) from 2023

Liabilities

Down

$5,442

Down $5,658 (-51%) from 2023

Net Assets

Up

$120,546

Up $4,695 (+4.1%) from 2023

Revenue

Up

$390,883

Up $19,210 (+5.2%) from 2023

Expenses

Up

$386,188

Up $16,050 (+4.3%) from 2023

Net Income

Up

$4,695

Up $3,160 (+206%) from 2023

Trend Graphs

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2011: $5,401Liabilities 2011: $02011Assets 2012: $29,942Liabilities 2012: $1,6052012Assets 2013: $47,560Liabilities 2013: $1,4272013Assets 2014: $73,522Liabilities 2014: $4,596Net Assets 2014: $68,9262014Assets 2015: $82,294Liabilities 2015: $3,632Net Assets 2015: $78,6622015Assets 2016: $71,621Liabilities 2016: $2,258Net Assets 2016: $69,3632016Assets 2017: $72,306Liabilities 2017: $2,244Net Assets 2017: $70,0622017Assets 2018: $82,010Liabilities 2018: $1,599Net Assets 2018: $80,4112018Assets 2019: $99,538Liabilities 2019: $2,913Net Assets 2019: $96,6252019Assets 2020: $61,283Liabilities 2020: $2,538Net Assets 2020: $58,7452020Assets 2021: $85,594Liabilities 2021: $5,751Net Assets 2021: $79,8432021Assets 2022: $129,912Liabilities 2022: $15,596Net Assets 2022: $114,3162022Assets 2023: $126,951Liabilities 2023: $11,100Net Assets 2023: $115,8512023Assets 2024: $125,988Liabilities 2024: $5,442Net Assets 2024: $120,5462024

Highlighted filing

2024

Assets$125,988
Liabilities$5,442
Net Assets$120,546

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $45,653Expenses 2011: $53,742Net Income 2011: -$8,0892011Revenue 2012: $101,003Expenses 2012: $78,394Net Income 2012: $22,6092012Revenue 2013: $100,534Expenses 2013: $82,751Net Income 2013: $17,7832013Revenue 2014: $235,804Expenses 2014: $213,009Net Income 2014: $22,7952014Revenue 2015: $252,669Expenses 2015: $242,933Net Income 2015: $9,7362015Revenue 2016: $231,496Expenses 2016: $240,795Net Income 2016: -$9,2992016Revenue 2017: $246,444Expenses 2017: $245,745Net Income 2017: $6992017Revenue 2018: $277,695Expenses 2018: $267,346Net Income 2018: $10,3492018Revenue 2019: $281,861Expenses 2019: $265,647Net Income 2019: $16,2142019Revenue 2020: $93,396Expenses 2020: $131,276Net Income 2020: -$37,8802020Revenue 2021: $189,581Expenses 2021: $168,483Net Income 2021: $21,0982021Revenue 2022: $372,809Expenses 2022: $338,337Net Income 2022: $34,4722022Revenue 2023: $371,673Expenses 2023: $370,138Net Income 2023: $1,5352023Revenue 2024: $390,883Expenses 2024: $386,188Net Income 2024: $4,6952024

Highlighted filing

2024

Revenue$390,883
Expenses$386,188
Net Income$4,695

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.26$0.05$1.21$3.91$3.86$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.27$0.11$1.16$3.72$3.70$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.30$0.16$1.14$3.73$3.38$0.34
2021Detailed filing. Detailed filing data is available for this year.$0.86$0.06$0.80$1.90$1.68$0.21
2020Detailed filing. Detailed filing data is available for this year.$0.61$0.03$0.59$0.93$1.31$0.38
2019Detailed filing. Detailed filing data is available for this year.$1.00$0.03$0.97$2.82$2.66$0.16
2018Detailed filing. Detailed filing data is available for this year.$0.82$0.02$0.80$2.78$2.67$0.10
2017Detailed filing. Detailed filing data is available for this year.$0.72$0.02$0.70$2.46$2.46$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.72$0.02$0.69$2.31$2.41$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.82$0.04$0.79$2.53$2.43$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.74$0.05$0.69$2.36$2.13$0.23
2013Summary only. Only limited summary data is available for this year.$0.48$0.01$1.01$0.83$0.18
2012Summary only. Only limited summary data is available for this year.$0.30$0.02$1.01$0.78$0.23
2011Summary only. Only limited summary data is available for this year.$0.05$0.00$0.46$0.54$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 30, 2025
Return Version
2024v5.0
Gross Receipts
$438,832
Mission and Program Overview

Mission

Education & promotion of cultural fine arts to the local communities

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$81,028$86,913▲ $5,885
Savings and Temporary Cash Investments$14,274$14,274→ $0
Inventories for Sale or Use$6,739$8,770▲ $2,031
Land, Buildings, and Equipment, Net$11,465$8,531▼ $2,934
Accounts Receivable$13,445$7,500▼ $5,945
Total Assets$126,951$125,988▼ $963
Liabilities
Other Liabilities$3,379$3,637▲ $258
Accounts Payable and Accrued Expenses$7,721$1,805▼ $5,916
Total Liabilities$11,100$5,442▼ $5,658
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$115,851$120,546▲ $4,695
Total Net Assets Fund Balance$115,851$120,546▲ $4,695
Total Liabilities and Net Assets / Fund Balance$126,951$125,988▼ $963

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$8,531$20,193$28,724
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jennifer ArnoldArt Chair
Adair AppleBoard Member
Adam RiosBoard Member
Alexandria CancholaBoard Member
Brad Alan SheekBoard Member
Cassandra ChampionBoard Member
Courtney BraccoBoard Member
Day WheelerBoard Member
Hayford OseiBoard Member
Janet LaylorBoard Member
Philip JohnsonBoard Member
Rachel Hoblit JdBoard Member
Robin SimsBoard Member
Savannah GarzaBoard Member
Vilma MosierBoard Member
Andrea ValentiBusiness CHA
Omar LopezCo-secretary
Scott EllisonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$237,320
Program Service Revenue
$105,688
Investment Income
$0
Other Revenue
$47,875
All Other Contributions
$154,565
Change in Net Assets
$4,695
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$263,557
Salaries, Compensation, and Employee Benefits$122,631
Total Fundraising Expense$10,606
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$101,347-$487$101,834
Other Salaries and Wages$52,889$8,273$750$61,912
Current Officers, Directors, Trustees, and Key Employees$26,002$26,002-$52,004
All Other Expenses$30,133$7,790$7,909$45,832
Occupancy-$32,153-$32,153
Office Expenses$4,802$4,054$1,364$10,220
Payroll Taxes$6,013$2,702-$8,715
Other Expenses$7,540--$7,540
Insurance$1,826$1,644-$3,470
Depreciation Depletion-$2,934-$2,934
Fees for Services Accounting-$2,350-$2,350
Advertising$2,065-$96$2,161
Travel$1,415--$1,415
Total Functional Expenses$287,680$87,902$10,606$386,188
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$24,334
Fundraising Direct Expenses$3,944
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Wigout Fundrais$36,917$24,334$3,944$20,390
Total Events$36,917$24,334$3,944$20,390
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 Payable$2,380
Sales Tax Payable$1,257
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 15A

Executive directors compensation is set and approved by the bod.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
K Space Contemporary
EIN
74-3006446
Phone
3615496327
Address
623 N CHAPARRAL STREET, CORPUS CHRISTI, TX 78401

Signing Officer

Name
V Michelle Smythe
Title
Executive Director
Phone
3618876834
Signed
2025-08-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrea Valenti
Formed
2001
Legal Domicile
TX
Voting Board Members
18
Independent Board Members
0
Employees
7

Preparer

Firm
Evelyn S Eidem CPA Pc
Address
PO BOX 188, GREENWICH, NY 12834
Preparer
Evelyn S Eidem CPA
Phone
3614436886
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Wigout fundraising fundraising database 0 0 87 other contract services 0 0 400 0 0 0 dia del los muertos festiva fest artists & instructor 60,864 0 0 entertainers 18,725 0 0 0 0 0 gallery/exhibition sales artist contracts 710 0 0 outside contract services 180 0 0 0 0 0 educational workshops instructor fees 20,343 0 0 other contract fees 525 0 0 total 101,347 0 487

Form 990, Part IX, Line 24E

Telephone 0 3,989 0 bad debts 3,445 0 0 reception supplies 0 0 3,427 reception supplies 3,420 0 0 art supplies 3,293 0 0 licenses & fees 3,050 0 0 credit card fees 2,789 0 0 gallery supplies 2,214 0 0 awards 2,000 0 0 awards 1,650 0 0 operating supplies 1,384 0 0 entertainment 0 0 1,305 operating supplies 0 1,266 0 licenses & fees 1,261 0 0 equipment rental 1,116 0 0 payroll processing fees 0 1,082 0 equipment rental 0 0 1,004 awards 0 0 1,000 repairs and maintenance 953 0 0 membership dues 0 830 0 gift shop supplies 791 0 0 reception supplies 722 0 0 volunteer appreciation 581 0 0 art supplies 0 0 551 telephone 452 0 0 volunteer appreciation 407 0 0 staff development 0 376 0 boooks, subscription, ref 292 0 0 operating supplies 0 0 289 reception supplies 268 0 0 volunteer appreciation 0 247 0 volunteer appreciation 0 0 236 boooks, subscription, ref 0 0 97 boooks, subscription, ref 26 0 0 volunteer appreciation 19 0 0 total 30,133 7,790 7,909

Raw XML AppendixShowing 400 of 503 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/ProgSrvcAccomActy2Grp/Desc0CULTURAL EVENTS ARE HELD TO PROMOTE CULTURE THROUGH THE WORK OF LOCAL ARTISTS, MUSICIANS AND PERFORMERS AND TO MAKE IT ACCESSIBLE TO THE GENERAL PUBLIC. THE DIA DE LOS MUERTOS FESTIVAL NORMALLY HELD IN NOV IS AN ANNUAL OUTDOOR FESTIVAL THAT COVERS 10 CITY BLOCKS AND FEATURES DEMONSTRATIONS BY THE ART DEPARTMENTS OF LOCAL COLLEGES, AN ART EXHIBITION, EDUCATIONAL WORKSHOPS, AN ART EXPO WITH ARTS & CRAFT VENDORS, FOOD VENDORS AND MUSICIANS AND OTHER PERFORMERS. AN ESTIMATED 30,000 VISITORS ATTENDED THE FESTIVAL.
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IRS990/ProgSrvcAccomActy3Grp/Desc0EDUCATIONAL PROGRAMS OFFER OPPORTUNITY TO ANYONE INTERESTED IN LEARNING ABOUT ART AS WELL AS THOSE TRYING TO IMPROVE THEIR ART SKILLS. THE PROGRAMS BRING HANDS-ON MULTI-DISCIPLINARY ART PROJECTS CLASSES IN MURAL ARTS, CULTURAL DANCE, DRAWING, PAINTING,AND PAPIER MACHE. GALLERY LECTURES, DEMONSTRATIONS AND WORKSHOPS ARE HELD THOUGHOUT THE YEAR BY EXHIBITING ARTISTS AND AVAILABLE TO ALL AGES. 2024 EDUCATION PROGRAMS INCLUDED SUMMER MURAL ART PROGRAM FOR TEENS, SENIOR OUTREACH, ART LAB FOR TEENS, K-12 OUTREACH CLASSES; A TOTAL OF 1,265 STUDENTS PARTICIPATED.
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