Civic Intelligence

3Rd Space Inc.

990EZ • Fiscal year 2024 • EIN 92-2825960

Jan 01, 2024 to Dec 31, 2024 • Filed on Feb 22, 2025

PO Box 1037Norfolk, VA 23501-1037

(757) 625-7849

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2024

Net Margin

89th percentile

62%

Higher net margin than 89% of similar nonprofits.

2024 filings • NTEE B99 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • NTEE B99 • <$500k nonprofits • Source year 2024

Asset Growth

92nd percentile

140%

Faster asset growth than 92% of similar nonprofits.

2024 filings • NTEE B99 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

92nd percentile

165%

Faster revenue growth than 92% of similar nonprofits.

2024 filings • NTEE B99 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$28,752

Up $16,762 (+140%) from 2023

Net Assets

Up

$28,752

Up $19,543 (+212%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$31,270

Up $19,448 (+165%) from 2023

Expenses

Up

$11,727

Up $9,114 (+349%) from 2023

Net Income

Up

$19,543

Up $10,334 (+112%) from 2023

Historical Trend

Balance Sheet Trend

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

$30K$20K$10K$0Assets 2023: $11,990Liabilities 2023: $2,781Net Assets 2023: $9,2092023Assets 2024: $28,752Net Assets 2024: $28,7522024Assets 2025: $24,921Liabilities 2025: $0Net Assets 2025: $24,9212025

Highlighted filing

2024

Assets$28,752
Liabilities-
Net Assets$28,752

Operations Trend

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

$40K$30K$20K$10K$0-$10KRevenue 2023: $11,822Expenses 2023: $2,613Net Income 2023: $9,2092023Revenue 2024: $31,270Expenses 2024: $11,727Net Income 2024: $19,5432024Revenue 2025: $11,437Expenses 2025: $15,268Net Income 2025: -$3,8312025

Highlighted filing

2024

Revenue$31,270
Expenses$11,727
Net Income$19,543
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 22, 2025
Return Version
2024v5.0
Gross Receipts
$31,270
Mission and Program Overview

Mission

The organization is dedicated to providing art education and support to the community by providing a wide range of services including art classes, workshops, equipment & supplies, and studio space for rent. The organization's goal is to make art accessible to all and creating a space for artistic creativity, expression and learning.

Program Services

DescriptionGrantsExpenses
2024 WAS THE FIRST FULL YEAR OF OPERATIONS OF THE ORGANIZATION. WORKSHOP CLASSES BEGAN IN MAY. THE MUCH ANTICIPATED OPENING OF THE 2ND FLOOR CLASS SPACE OCCURED ON JULY 18, 2024. CLASSES ARE HELD ON SITE AND IN ARTIST'S STUDIOS. 12 WORKSHOPS WERE HELD IN 2024. WORKSHOPS COVERED A WIDE VARIETY OF AREAS INCLUDING FELTING, POTTERY, BARN QUILT PAINTING, QUILT PATTERNS, STAINED GLASS, BASKETRY, WATERCOLOR PAINTING, BROOM MAKING, NEEDLE FELT GNOMES AND WREATH MAKING. A TOTAL OF 62 STUDENTS ATTENDED THE WORKSHOPS. FOR 2025, THE GOAL IS TO HAVE 15 WORKSHOPS AND TO EXPAND THE DIVERSITY OF PROGRAMS.-$10,879
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CLAIR MYERSPresident-$0--
CHARLES SAUNDERSTreasurer-$0--
DONNA BEDWELLSecretary-$0--
KAREN MILNESDirector-$0--
CELIA CULVER RUTTDirector-$0--
Filing and Contact Details

Filer

Filer Name
3rd Space Inc
EIN
92-2825960
Phone
7576257849
Address
PO BOX 1037, NORFOLK, VA 23501-1037

Signing Officer

Name
Charles Saunders
Title
Treasurer
Phone
7576257849
Signed
2025-02-22
Discuss with paid preparer
Yes

Preparer

Firm
Saunders Matthews & Pfitzner Pllc
Address
327 WEST 21ST STREET SUITE 203, NORFOLK, VA 23517
Preparer
Charles T Saunders CPA
Phone
7576257849
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Art classes/workshops advertising 350 supplies 357 expenses memberships 95 intern 117 state registration 25 non-investment depreciation 418 total 1,362

Form 990-ez, Part II, Line 24

Grants receivable 0 14,000 prepaid expenses and deferred charges 0 41 furnishings 0 3,900 less accumulated depreciation 0 418 organization costs 3,664 3,664 less accumulated amortization 550 1,282 due from art on main 400 3,743 investment art on main 100 100 security deposit 350 50 utility stock 15 15 total 3,979 23,813

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 2,601 0 sales tax payable 180 0

Form 990-ez, Part III

The organization is dedicated to providing art education and support to the community by providing a wide range of services including art classes, workshops, equipment & supplies, and studio space for rent. The organization's goal is to make art accessible to all and creating a space for artistic creativity, expression and learning.

Form 990-ez, Part III, Line 28

2024 was the first full year of operations of the organization. Workshop classes began in may. The much anticipated opening of the 2nd floor class space occured on july 18, 2024. Classes are held on site and in artist's studios. 12 workshops were held in 2024. Workshops covered a wide variety of areas including felting, pottery, barn quilt painting, quilt patterns, stained glass, basketry, watercolor painting, broom making, needle felt gnomes and wreath making. A total of 62 students attended the workshops. For 2025, the goal is to have 15 workshops and to expand the diversity of programs.

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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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION RECEIVED AN UNUSUAL GRANT IN 2024 IN THE AMOUNT OF 15,000. DUE TO THE SMALL SIZE OF THIS ORGANIZATION, THIS GRANT MAY HAVE THE UNINTENDED EFFECT OF JEAPORDIZING THE PUBLIC SUPPORT TEST OF THE ORGANIZATION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ART CLASSES/WORKSHOPS ADVERTISING 350 SUPPLIES 357 EXPENSES MEMBERSHIPS 95 INTERN 117 STATE REGISTRATION 25 NON-INVESTMENT DEPRECIATION 418 TOTAL 1,362
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GRANTS RECEIVABLE 0 14,000 PREPAID EXPENSES AND DEFERRED CHARGES 0 41 FURNISHINGS 0 3,900 LESS ACCUMULATED DEPRECIATION 0 418 ORGANIZATION COSTS 3,664 3,664 LESS ACCUMULATED AMORTIZATION 550 1,282 DUE FROM ART ON MAIN 400 3,743 INVESTMENT ART ON MAIN 100 100 SECURITY DEPOSIT 350 50 UTILITY STOCK 15 15 TOTAL 3,979 23,813
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 2,601 0 SALES TAX PAYABLE 180 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION IS DEDICATED TO PROVIDING ART EDUCATION AND SUPPORT TO THE COMMUNITY BY PROVIDING A WIDE RANGE OF SERVICES INCLUDING ART CLASSES, WORKSHOPS, EQUIPMENT & SUPPLIES, AND STUDIO SPACE FOR RENT. THE ORGANIZATION'S GOAL IS TO MAKE ART ACCESSIBLE TO ALL AND CREATING A SPACE FOR ARTISTIC CREATIVITY, EXPRESSION AND LEARNING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt42024 WAS THE FIRST FULL YEAR OF OPERATIONS OF THE ORGANIZATION. WORKSHOP CLASSES BEGAN IN MAY. THE MUCH ANTICIPATED OPENING OF THE 2ND FLOOR CLASS SPACE OCCURED ON JULY 18, 2024. CLASSES ARE HELD ON SITE AND IN ARTIST'S STUDIOS. 12 WORKSHOPS WERE HELD IN 2024. WORKSHOPS COVERED A WIDE VARIETY OF AREAS INCLUDING FELTING, POTTERY, BARN QUILT PAINTING, QUILT PATTERNS, STAINED GLASS, BASKETRY, WATERCOLOR PAINTING, BROOM MAKING, NEEDLE FELT GNOMES AND WREATH MAKING. A TOTAL OF 62 STUDENTS ATTENDED THE WORKSHOPS. FOR 2025, THE GOAL IS TO HAVE 15 WORKSHOPS AND TO EXPAND THE DIVERSITY OF PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES SAUNDERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07576257849
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt03RD SPACE INC
ReturnHeader/Filer/BusinessNameControlTxt03RDS
ReturnHeader/Filer/EIN0922825960
ReturnHeader/Filer/PhoneNum07576257849
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ReturnHeader/Filer/USAddress/CityNm0NORFOLK
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ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-02-27T12:12:41-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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