Civic Intelligence

Artspace Inc.

990 • Fiscal year 2018 • EIN 94-2772520

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 29, 2019

Organization ProfileARTSPACEUTAH.ORG

View Organization Page

230 South 500 West Suite 235Salt Lake City, UT 84101

(801) 355-0538

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.51x

Higher debt load relative to assets than 72% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

93rd percentile

4.55x

Higher debt load relative to revenue than 93% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

51st percentile

3.9%

Higher net margin than 51% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

61st percentile

$297,259

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 6.8% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

31st percentile

-1.4%

Faster asset growth than 31% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

46th percentile

3.8%

Faster revenue growth than 46% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$39,432,857

Down $551,431 (-1.4%) from 2017

Net Assets

Up

$19,470,555

Up $171,775 (+0.9%) from 2017

Liabilities

Down

$19,962,302

Down $723,206 (-3.5%) from 2017

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin51st percentile

Revenue

Up

$4,391,541

Up $161,177 (+3.8%) from 2017

Expenses

Up

$4,219,766

Up $115,741 (+2.8%) from 2017

Net Income

Up

$171,775

Up $45,436 (+36%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

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

$60M$40M$20M$0Assets 2010: $42,618,794Liabilities 2010: $34,468,761Net Assets 2010: $8,150,0332010Assets 2011: $12,149,711Liabilities 2011: $2,060,442Net Assets 2011: $10,089,2692011Assets 2012: $56,345,850Liabilities 2012: $47,714,237Net Assets 2012: $8,631,6132012Assets 2013: $54,319,664Liabilities 2013: $46,542,919Net Assets 2013: $7,776,7452013Assets 2014: $52,809,474Liabilities 2014: $45,844,213Net Assets 2014: $6,965,2612014Assets 2015: $36,137,882Liabilities 2015: $19,340,822Net Assets 2015: $16,797,0602015Assets 2016: $40,879,450Liabilities 2016: $21,707,009Net Assets 2016: $19,172,4412016Assets 2017: $39,984,288Liabilities 2017: $20,685,508Net Assets 2017: $19,298,7802017Assets 2018: $39,432,857Liabilities 2018: $19,962,302Net Assets 2018: $19,470,5552018Assets 2019: $35,609,028Liabilities 2019: $17,582,173Net Assets 2019: $18,026,8552019Assets 2020: $35,006,190Liabilities 2020: $16,762,578Net Assets 2020: $18,243,6122020Assets 2021: $34,050,741Liabilities 2021: $15,833,251Net Assets 2021: $18,217,4902021Assets 2022: $35,152,188Liabilities 2022: $14,823,190Net Assets 2022: $20,328,9982022Assets 2023: $32,349,714Liabilities 2023: $12,087,855Net Assets 2023: $20,261,8592023Assets 2024: $31,496,945Liabilities 2024: $11,341,669Net Assets 2024: $20,155,2762024

Highlighted filing

2018

Assets$39,432,857
Liabilities$19,962,302
Net Assets$19,470,555
Open 2018 Filing

Operations Trend

Revenue Growth46th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2010: $688,838Expenses 2010: $1,133,844Net Income 2010: -$445,0062010Expenses 2011: $1,892,5942011Expenses 2012: $5,044,8602012Revenue 2013: $4,456,766Expenses 2013: $5,329,457Net Income 2013: -$872,6912013Revenue 2014: $5,211,105Expenses 2014: $6,022,589Net Income 2014: -$811,4842014Revenue 2015: $11,926,475Expenses 2015: $4,233,903Net Income 2015: $7,692,5722015Revenue 2016: $6,193,148Expenses 2016: $3,980,167Net Income 2016: $2,212,9812016Revenue 2017: $4,230,364Expenses 2017: $4,104,025Net Income 2017: $126,3392017Revenue 2018: $4,391,541Expenses 2018: $4,219,766Net Income 2018: $171,7752018Revenue 2019: $5,445,976Expenses 2019: $4,647,934Net Income 2019: $798,0422019Revenue 2020: $4,813,637Expenses 2020: $4,596,880Net Income 2020: $216,7572020Revenue 2021: $4,832,458Expenses 2021: $4,858,580Net Income 2021: -$26,1222021Revenue 2022: $7,535,260Expenses 2022: $5,146,631Net Income 2022: $2,388,6292022Revenue 2023: $6,085,723Expenses 2023: $6,149,978Net Income 2023: -$64,2552023Revenue 2024: $5,907,294Expenses 2024: $6,051,741Net Income 2024: -$144,4472024

Highlighted filing

2018

Revenue$4,391,541
Expenses$4,219,766
Net Income$171,775
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 29, 2019
Return Version
2018v3.1
Gross Receipts
$4,391,541
Mission and Program Overview

Mission

Artspace creates affordable living and work space for artists, cultural organizations, non-profits and others to revitalize and promote stable, vibrant and safe communities. Artspace also promotes new markets tax credits in low income communities.

Artspace creates affordable living and work space for artists, cultural organizations, non-profits and others to revitalize and promote stable, vibrant and safe communities. Artspace also utilizes new markets tax credits in low income communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$25,202,030$24,078,278▼ $1,123,752
Other Notes and Loans Receivable, Net$6,222,368$6,208,450▼ $13,918
Receivables From Officers Etc$5,181,539$5,214,886▲ $33,347
Savings and Temporary Cash Investments$1,304,691$1,965,282▲ $660,591
Investments Program Related$373,794$291,449▼ $82,345
Intangible Assets$216,260$203,563▼ $12,697
Prepaid Expenses and Deferred Charges$61,649$79,087▲ $17,438
Pledges and Grants Receivable$50,800$37,100▼ $13,700
Total Assets$39,984,288$39,432,857▼ $551,431
Other Assets Total$1,371,157$1,354,762▼ $16,395
Liabilities
Mortgage Notes Payable Secured by Investment Property$19,993,048$19,526,886▼ $466,162
Other Liabilities$446,263$319,339▼ $126,924
Accounts Payable and Accrued Expenses$196,197$116,077▼ $80,120
Deferred Revenue$50,000--
Total Liabilities$20,685,508$19,962,302▼ $723,206
Net Assets / Fund Balance
Unrestricted Net Assets$19,298,780$19,470,555▲ $171,775
Total Net Assets Fund Balance$19,298,780$19,470,555▲ $171,775
Total Liabilities and Net Assets / Fund Balance$39,984,288$39,432,857▼ $551,431

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$20,433,461$16,221,229$36,654,690
Land$3,259,100-$3,259,100
Equipment$188,536$1,108,500$1,297,036
Leasehold Improvements$197,181$568,093$765,274
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jessica NoriePresidentFT$236,231$61,028$297,259

Board Members and Trustees

NameTitle
Jennifer SpeersChair
Adam HillBoard Member
Dan AdamsBoard Member
Doug HarrisBoard Member
Elizabeth EvensenBoard Member
Fletcher BoothBoard Member
Ira RubinfeldBoard Member
John HarrisBoard Member
Kathie MillerBoard Member
Kisty MorrisBoard Member
Philip JeffsBoard Member
Wendy LionelliBoard Member
John MillikenSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$274,423
Program Service Revenue
$3,995,013
Investment Income
$122,105
Other Revenue
$0
All Other Contributions
$274,423
Change in Net Assets
$171,775
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,450,529
Salaries, Compensation, and Employee Benefits$769,237
Total Fundraising Expense$94,436
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,216,126$3,049$2,260$1,221,435
Interest$839,566$6,645$4,926$851,137
Occupancy$711,089$1,630$1,208$713,927
Other Salaries and Wages$344,401$24,763$18,355$387,519
Current Officers, Directors, Trustees, and Key Employees$184,758$64,608$47,893$297,259
Insurance$82,243$880$653$83,776
Fees for Services Accounting$51,907$9,118$6,758$67,783
All Other Expenses$54,264$3,239$2,399$59,902
Payroll Taxes$39,874$6,639$4,922$51,435
Information Technology$36,651$800$594$38,045
Pension Plan Contributions$19,685$425$315$20,425
Office Expenses$13,497$1,632$1,210$16,339
Other Employee Benefits$7,831$2,738$2,030$12,599
Travel$4,858$636$472$5,966
Other Expenses$4,807$45$33$4,885
Fees for Services Other$2,341$550$408$3,299
Fees for Services Legal$2,981--$2,981
Total Functional Expenses$3,997,933$127,397$94,436$4,219,766
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Jessica Norie, President of Artspace Was President of Cdfa Until March 2018SEE BELOW:$50,000 2018 ADMINISTRATIVE FEES$224,000 FINDER FEENo$274,000

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$5,181,539$5,214,886▲ $33,347
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit Liability$265,734
Interest Payable$53,605
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1

“The executive committee of the board consists of the board chair, secretary/treasurer, and another board member approved by the board. The executive committee has and may exercise all of the authority of the board of directors except as prohibited by statute.”

Form 990, Part VI, Section A, Line 8B

“There is no other committee with authority to act on behalf of the governing body.”

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

“The board of directors reviews the 990 before it is filed with the irs.”

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

“Each board member is required to complete a statement annually indicating any possible conflict or duality of interest to be submitted to the organization.”

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

“President compensation is determined and approved by the artspace board executive committee.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Artspace
EIN
94-2772520
Phone
8013550538
Address
230 SOUTH 500 WEST SUITE 235, SALT LAKE CITY, UT 84101

Signing Officer

Name
Jessica Norie
Title
President
Phone
8013550538
Signed
2019-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jessica Norie
Formed
1980
Legal Domicile
Ut
Voting Board Members
13
Independent Board Members
13
Employees
3
Volunteers
13

Preparer

Firm
Eide Bailly Llp
Address
5 TRIAD CENTER STE 600, SALT LAKE CITY, UT 84180-1106
Preparer
Ted L Hill CPA
Phone
8015322200
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Artspace is organized as a utah nonprofit corporation and has been recognized by the internal revenue service (irs) as exempt from federal income taxes under section 501(a) of the internal revenue code as an organization described in section 501(c)(3), which qualifies for the charitable contribution deduction under section 170(b)(1)(a)(vi), and has been determined not to be a private foundation under section 509(a)(1). Artspace is annually required to file a return of organization exempt from income tax (form 990) with the irs. In addition, artspace is subject to income tax on net income that is derived from business activities that are unrelated to their exempt purposes. Artspace has determined that it is not subject to unrelated business income tax and has not filed an exempt organization business income tax return (form 990-t) with the irs. Artspace believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The entities would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.”

Raw XML AppendixShowing 400 of 771 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/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01980
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04391541
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
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IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0800
IRS990/InformationTechnologyGrp/ProgramServicesAmt036651
IRS990/InformationTechnologyGrp/TotalAmt038045
IRS990/InsuranceGrp/FundraisingAmt0653
IRS990/InsuranceGrp/ManagementAndGeneralAmt0880
IRS990/InsuranceGrp/ProgramServicesAmt082243
IRS990/InsuranceGrp/TotalAmt083776
IRS990/IntangibleAssetsGrp/BOYAmt0216260
IRS990/IntangibleAssetsGrp/EOYAmt0203563
IRS990/InterestGrp/FundraisingAmt04926
IRS990/InterestGrp/ManagementAndGeneralAmt06645
IRS990/InterestGrp/ProgramServicesAmt0839566
IRS990/InterestGrp/TotalAmt0851137
IRS990/InvestmentIncomeGrp/ExclusionAmt05525
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0116580
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0122105
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0373794
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0291449
IRS990/IRPDocumentCnt028
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt017897822
IRS990/LandBldgEquipBasisNetGrp/BOYAmt025202030
IRS990/LandBldgEquipBasisNetGrp/EOYAmt024078278
IRS990/LandBldgEquipCostOrOtherBssAmt041976100
IRS990/LegalDomicileStateCd0UT
IRS990/LoanOutstandingInd01
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ARTSPACE CREATES AFFORDABLE LIVING AND WORK SPACE FOR ARTISTS, CULTURAL ORGANIZATIONS, NON-PROFITS AND OTHERS TO REVITALIZE AND PROMOTE STABLE, VIBRANT AND SAFE COMMUNITIES. ARTSPACE ALSO UTILIZES NEW MARKETS TAX CREDITS IN LOW INCOME COMMUNITIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt019993048
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt019526886
IRS990/NetAssetsOrFundBalancesBOYAmt019298780
IRS990/NetAssetsOrFundBalancesEOYAmt019470555
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt01208
IRS990/OccupancyGrp/ManagementAndGeneralAmt01630
IRS990/OccupancyGrp/ProgramServicesAmt0711089
IRS990/OccupancyGrp/TotalAmt0713927
IRS990/OfficeExpensesGrp/FundraisingAmt01210
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01632
IRS990/OfficeExpensesGrp/ProgramServicesAmt013497
IRS990/OfficeExpensesGrp/TotalAmt016339
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01371157
IRS990/OtherAssetsTotalGrp/EOYAmt01354762
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02030
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02738
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt07831
IRS990/OtherEmployeeBenefitsGrp/TotalAmt012599
IRS990/OtherExpensesGrp/Desc0HOA DUES
IRS990/OtherExpensesGrp/Desc1PROPERTY MANAGEMENT FEE
IRS990/OtherExpensesGrp/Desc2ASSET MANAGMENT FEES
IRS990/OtherExpensesGrp/Desc3TAXES AND LICENSES
IRS990/OtherExpensesGrp/FundraisingAmt033
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt045
IRS990/OtherExpensesGrp/ProgramServicesAmt0187296
IRS990/OtherExpensesGrp/ProgramServicesAmt1182508
IRS990/OtherExpensesGrp/ProgramServicesAmt211250
IRS990/OtherExpensesGrp/ProgramServicesAmt34807
IRS990/OtherExpensesGrp/TotalAmt0187296
IRS990/OtherExpensesGrp/TotalAmt1182508
IRS990/OtherExpensesGrp/TotalAmt211250
IRS990/OtherExpensesGrp/TotalAmt34885
IRS990/OtherLiabilitiesGrp/BOYAmt0446263
IRS990/OtherLiabilitiesGrp/EOYAmt0319339
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt018355
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt024763
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0344401
IRS990/OtherSalariesAndWagesGrp/TotalAmt0387519
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt06222368
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt06208450
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt04922
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06639
IRS990/PayrollTaxesGrp/ProgramServicesAmt039874
IRS990/PayrollTaxesGrp/TotalAmt051435
IRS990/PensionPlanContributionsGrp/FundraisingAmt0315
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0425
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt019685
IRS990/PensionPlanContributionsGrp/TotalAmt020425
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt050800
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt037100
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt061649
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt079087
IRS990/PrincipalOfficerNm0JESSICA NORIE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03449555
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1274000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2271458
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03449555
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1274000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2271458
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0373036
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0118033
IRS990/PYOtherExpensesAmt03335087
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03739295
IRS990/PYRevenuesLessExpensesAmt0126339
IRS990/PYSalariesCompEmpBnftPaidAmt0768938
IRS990/PYTotalExpensesAmt04104025
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04230364
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt05181539
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt05214886
IRS990/ReconcilationRevenueExpnssAmt0171775
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04111593
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01304691
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01965282
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0274423
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0373036
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01178452
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01407864
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0601755
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03835530
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05525
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02973
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02282
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0174923
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0165203
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0350906
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt027733816
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.53430
IRS990ScheduleA/PublicSupportPY170Pct00.58230
IRS990ScheduleA/PublicSupportTotal170Amt02236703
IRS990ScheduleA/SubstantialContributorsTotAmt01598827
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0274423
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0373036
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01178452
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01407864
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0601755
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03835530
IRS990ScheduleA/TotalSupportAmt04186436
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/BookValueAmt020433461
IRS990ScheduleD/BuildingsGrp/DepreciationAmt016221229
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt036654690
IRS990ScheduleD/EquipmentGrp/BookValueAmt0188536
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01108500
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01297036
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt03259100
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03259100
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0197181
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0568093
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0765274
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0265734
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt153605
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1INTEREST PAYABLE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ARTSPACE IS ORGANIZED AS A UTAH NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), WHICH QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). ARTSPACE IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, ARTSPACE IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. ARTSPACE HAS DETERMINED THAT IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. ARTSPACE BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ENTITIES WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,432,857
Liabilities
$19,962,302
Net assets
$19,470,555
Revenue
$4,391,541
Expenses
$4,219,766
Net income
$171,775
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.5$11.3$20.2$5.91$6.05$0.14
2023Detailed filing. Detailed filing data is available for this year.$32.3$12.1$20.3$6.09$6.15$0.06
2022Detailed filing. Detailed filing data is available for this year.$35.2$14.8$20.3$7.54$5.15$2.39
2021Detailed filing. Detailed filing data is available for this year.$34.1$15.8$18.2$4.83$4.86$0.03
2020Detailed filing. Detailed filing data is available for this year.$35.0$16.8$18.2$4.81$4.60$0.22
2019Detailed filing. Detailed filing data is available for this year.$35.6$17.6$18.0$5.45$4.65$0.80
2018Detailed filing. Detailed filing data is available for this year.$39.4$20.0$19.5$4.39$4.22$0.17
2017Detailed filing. Detailed filing data is available for this year.$40.0$20.7$19.3$4.23$4.10$0.13
2016Detailed filing. Detailed filing data is available for this year.$40.9$21.7$19.2$6.19$3.98$2.21
2015Detailed filing. Detailed filing data is available for this year.$36.1$19.3$16.8$11.9$4.23$7.69
2014Detailed filing. Detailed filing data is available for this year.$52.8$45.8$6.97$5.21$6.02$0.81
2013Detailed filing. Detailed filing data is available for this year.$54.3$46.5$7.78$4.46$5.33$0.87
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.3$47.7$8.63$5.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$2.06$10.1$1.89
2010Summary only. Only limited summary data is available for this year.$42.6$34.5$8.15$0.69$1.13$0.45