Civic Intelligence

Equaspace

990 • Fiscal year 2023 • EIN 84-2176692

Jan 01, 2023 to Dec 31, 2023 • Filed on May 04, 2024

Organization ProfileEQUASPACE.ORG
PO Box 4458St Paul, MN 55104

(612) 804-3986

Siviq Scores

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

Liabilities / Assets

80th percentile

0.10x

Higher debt load relative to assets than 80% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

87th percentile

0.22x

Higher debt load relative to revenue than 87% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

30th percentile

-8.0%

Higher net margin than 30% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

99th percentile

$169,454

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 79.1% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

44th percentile

-1.5%

Faster asset growth than 44% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

4th percentile

-83%

Faster revenue growth than 4% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets80th percentile

Assets

Flat

$449,605

Flat from 2023

Net Assets

Flat

$403,187

Flat from 2023

Liabilities

Flat

$46,418

Flat from 2023

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin30th percentile

Revenue

Flat

$214,120

Flat from 2023

Expenses

Flat

$231,184

Flat from 2023

Net Income

Flat

-$17,064

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2019: $6,569Liabilities 2019: $2,4652019Assets 2020: $661Liabilities 2020: $8,1002020Assets 2021: $15,542Liabilities 2021: $20,600Net Assets 2021: -$5,0582021Assets 2022: $456,428Liabilities 2022: $36,177Net Assets 2022: $420,2512022Assets 2023: $449,605Liabilities 2023: $46,418Net Assets 2023: $403,1872023Assets 2023: $449,605Liabilities 2023: $46,418Net Assets 2023: $403,1872023Assets 2024: $2,584,944Liabilities 2024: $2,479,394Net Assets 2024: $105,5502024

Highlighted filing

2023

Assets$449,605
Liabilities$46,418
Net Assets$403,187
Open 2023 Filing

Operations Trend

Revenue Growth4th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2019: $20,010Expenses 2019: $15,906Net Income 2019: $4,1042019Revenue 2020: $70,001Expenses 2020: $73,444Net Income 2020: -$3,4432020Revenue 2021: $38,500Expenses 2021: $36,119Net Income 2021: $2,3812021Revenue 2022: $1,277,672Expenses 2022: $852,363Net Income 2022: $425,3092022Revenue 2023: $214,120Expenses 2023: $231,184Net Income 2023: -$17,0642023Revenue 2023: $214,120Expenses 2023: $231,184Net Income 2023: -$17,0642023Revenue 2024: $1,356,531Expenses 2024: $1,654,168Net Income 2024: -$297,6372024

Highlighted filing

2023

Revenue$214,120
Expenses$231,184
Net Income-$17,064
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 4, 2024
Return Version
2023v5.0
Gross Receipts
$214,120
Mission and Program Overview

Mission

Equaspace is a nonprofit center start-up. The mission is to provide a platform of high functioning work spaces, shared resources and a platform for collaborative opportunities for 501(c)3's. We work to allow our nonprofit tenants to expand capacity and achieve more mission like many other non profit centers in the united states.as a start-up, our expenses to date are related to market and real estate research, gathering of community input and design planning. We will need to add fundraising, lobbying, staff and other expenses to move into the next phase.

To provide a platform of high functioning work spaces, shared resources and a platform for collaborative opportunities for 501(c)3's.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$354,413-
Land, Buildings, and Equipment, Net$0$40,685▲ $40,685
Accounts Receivable$21,501--
Cash and Non-Interest-Bearing Accounts$430,774$16,273▼ $414,501
Prepaid Expenses and Deferred Charges$4,153$549▼ $3,604
Total Assets$456,428$449,605▼ $6,823
Other Assets Total$0$37,685▲ $37,685
Liabilities
Accounts Payable and Accrued Expenses$36,177$46,418▲ $10,241
Total Liabilities$36,177$46,418▲ $10,241
Net Assets / Fund Balance
Net Assets With Donor Restrictions$400,000$329,315▼ $70,685
Net Assets Without Donor Restrictions$20,251$73,872▲ $53,621
Total Net Assets Fund Balance$420,251$403,187▼ $17,064
Total Liabilities and Net Assets / Fund Balance$456,428$449,605▼ $6,823

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$40,685-$40,685
Other Assets Org$37,685--
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sarah ClyneExecutive DirectorFT$163,462$5,992$169,454

Board Members and Trustees

NameTitle
Susan KellyFounder and Board Chair
Ron LattinVice Chair
Imee CambroneroDirector
Mike LoganDirector
Linda IrelandSecretary and Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$213,000
Program Service Revenue
$0
Investment Income
$1,120
Other Revenue
$0
All Other Contributions
$213,000
Change in Net Assets
$-17,064
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$181,643
Other Expenses$49,541
Total Fundraising Expense$13,462
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$152,509$16,945-$169,454
Fees for Services Accounting-$23,103-$23,103
Fees for Services Other--$13,462$13,462
Payroll Taxes$10,797$1,200-$11,997
Fees for Services Legal$6,583--$6,583
Conferences and Meetings$2,561--$2,561
Travel$1,597--$1,597
Office Expenses$976$128-$1,104
Insurance$769$86-$855
Advertising$276--$276
Other Salaries and Wages$173$19-$192
Total Functional Expenses$176,241$41,481$13,462$231,184
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
No
Annual disclosure for covered persons
Yes
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 8B

“There are no committees with the authority to act on behalf of the organization.”

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

“The board reviews the form 990 at a board meeting and a vote is taken to approve the 990.”

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

“The board chair sends out the conflict of interest policy annually to board and staff and signed copies are kept on file. During the year, if any conflicts arise, they are brought to the board's attention immediately and the person with the potential conflict is excluded from discussion and approval of the potential conflict. Competitive bids or comparative values are attained, and the board then determines what is in the best interest of the organization.”

Form 990, Part VI, Section B, Line 15

“The board reviews accomplishments of the executive director and the board has reviewed market rates and discusses compensation annually. The process described here was last completed in 2023.”

Form 990, Part VI, Section C, Line 19

“Documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Equaspace
EIN
84-2176692
Phone
6128043986
Address
PO BOX 4458, ST PAUL, MN 55104

Signing Officer

Name
Sarah Clyne
Title
Executive Director
Phone
6128043986
Signed
2024-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah Clyne
Formed
2019
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
1
Volunteers
5

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 S 6TH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Mackenzie Mcnaughton
Phone
6123764500
Raw XML Appendix390 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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0IN 2019, PUBLIC CHARITY STATUS 170(B)(1)(A)(VI) WAS GRANTED TO EQUASPACE. THE ORGANIZATION HAS A LONG START-UP PHASE AS IT REQUIRES SIGNIFICANT MARKET AND REAL ESTATE RESEARCH. ON-GOING START-UP EXPENSES WILL CONTINUE THROUGH DESIGN, STRATEGY AND FUNDRAISING. EQUASPACE SEEKS TO GAIN SITE CONTROL OVER OFFICE/WORK SPACES IN ORDER TO FULFILL ITS MISSION OF PROVIDING HIGH FUNCTIONING WORK SPACES AND OTHER RELATED PROGRAMMING AND RESOURCES TO 501(C)3'S. IN FULL OPERATION, EQUASPACE WILL MEET THE 170(B)(1)(A)(VI) REQUIREMENTS OF 33 1/3% PUBLIC SUPPORT MINIMUM. IN THE INTERIM, THE ORGANIZATION MAY BE FUNDED BY LARGE GRANTS FROM A FEW FOUNDATIONS AND/OR THE GOVERNMENT.
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt037685
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0163462
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount05000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt0992
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SARAH CLYNE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0169454
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE BOARD REVIEWS ACCOMPLISHMENTS OF THE EXECUTIVE DIRECTOR AND THE BOARD HAS REVIEWED MARKET RATES AND DISCUSSES COMPENSATION ANNUALLY.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS THE FORM 990 AT A BOARD MEETING AND A VOTE IS TAKEN TO APPROVE THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD CHAIR SENDS OUT THE CONFLICT OF INTEREST POLICY ANNUALLY TO BOARD AND STAFF AND SIGNED COPIES ARE KEPT ON FILE. DURING THE YEAR, IF ANY CONFLICTS ARISE, THEY ARE BROUGHT TO THE BOARD'S ATTENTION IMMEDIATELY AND THE PERSON WITH THE POTENTIAL CONFLICT IS EXCLUDED FROM DISCUSSION AND APPROVAL OF THE POTENTIAL CONFLICT. COMPETITIVE BIDS OR COMPARATIVE VALUES ARE ATTAINED, AND THE BOARD THEN DETERMINES WHAT IS IN THE BEST INTEREST OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD REVIEWS ACCOMPLISHMENTS OF THE EXECUTIVE DIRECTOR AND THE BOARD HAS REVIEWED MARKET RATES AND DISCUSSES COMPENSATION ANNUALLY. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt0449605
IRS990/TotalAssetsGrp/BOYAmt0456428
IRS990/TotalAssetsGrp/EOYAmt0449605
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0213000
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt013462
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt041481
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0176241
IRS990/TotalFunctionalExpensesGrp/TotalAmt0231184
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt036177
IRS990/TotalLiabilitiesEOYAmt046418
IRS990/TotalLiabilitiesGrp/BOYAmt036177
IRS990/TotalLiabilitiesGrp/EOYAmt046418
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0420251
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0403187
IRS990/TotalOtherCompensationAmt0992
IRS990/TotalProgramServiceExpensesAmt0176241
IRS990/TotalReportableCompFromOrgAmt0168462
IRS990/TotalRevenueGrp/ExclusionAmt01120
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0214120
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0456428
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0449605
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt01597
IRS990/TravelGrp/TotalAmt01597
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 4458
IRS990/USAddress/CityNm0ST PAUL
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055104
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0EQUASPACE.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SARAH CLYNE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06128043986
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EQUASPACE
ReturnHeader/Filer/BusinessNameControlTxt0EQUA
ReturnHeader/Filer/EIN0842176692
ReturnHeader/Filer/PhoneNum06128043986
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 4458
ReturnHeader/Filer/USAddress/CityNm0ST PAUL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055104
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0220 S 6TH STREET SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055402
ReturnHeader/PreparerPersonGrp/PhoneNum06123764500
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MACKENZIE MCNAUGHTON
ReturnHeader/ReturnTs02024-05-06T12:25:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SARAH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CLYNE
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$449,605
Liabilities
$46,418
Net assets
$403,187
Revenue
$214,120
Expenses
$231,184
Net income
-$17,064
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.58$2.48$0.11$1.36$1.65$0.30
2023Detailed filing. Detailed filing data is available for this year.$0.45$0.05$0.40$0.21$0.23$0.02
2023Summary only. Only limited summary data is available for this year.$0.45$0.05$0.40$0.21$0.23$0.02
2022Summary only. Only limited summary data is available for this year.$0.46$0.04$0.42$1.28$0.85$0.43
2021Detailed filing. Detailed filing data is available for this year.$0.02$0.02$0.01$0.04$0.04$0.00
2020Summary only. Only limited summary data is available for this year.$0.00$0.01$0.07$0.07$0.00
2019Summary only. Only limited summary data is available for this year.$0.01$0.00$0.02$0.02$0.00