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Arts, Culture, Humanities : Performing Arts

Artspace Projects

America's leading nonprofit real estate developer for the arts

three stars

89.48

250 Third Avenue, North Suite 500
Minneapolis, MN 55401
tel: (612) 333-9012   Web Site
EIN: 41-1350071

Board Leadership
Mary Margaret MacMillan Mary Margaret MacMillan
Chair

CEO
Kelley Lindquist
President

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 89.48 three stars
  Financial 90.00 four stars
  Accountability & Transparency 89.00 three stars
This rating was published 06/01/2018 and includes data from FY2016, the most recent 990 received at that time.

Founded in 1979, Artspace Projects works to create, foster and preserve affordable space for artists and arts organizations. We pursue this mission through development projects, asset management activities, consulting services, and community-building activities that serve artists and arts organizations of all disciplines, cultures, and economic circumstances. By creating this space, Artspace supports the continued professional growth of artists and enhances the cultural and economic vitality of the surrounding community. In the last few years, Artspace has further expanded its mission to incorporate the planning and development of performing arts centers, museums, other arts facilities, and entire arts districts throughout the country.

Founded in 1979, Artspace Projects works to create, foster and preserve affordable space for artists and arts organizations. We pursue this mission through development projects, asset management activities, consulting services, and community-building activities that serve artists and arts organizations of all disciplines, cultures, and economic circumstances. By creating this space, Artspace supports the continued professional growth of artists and enhances the cultural and economic vitality of the surrounding community. In the last few years, Artspace has further expanded its mission to incorporate the planning and development of performing arts centers, museums, other arts facilities, and entire arts districts throughout the country.

Impact Information

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Financial

four stars

90.00

Accountability & Transparency

three stars

89.00

This rating was published 06/01/2018 and includes data from FY2016, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
93.9%
  Administrative Expenses 3.0%
  Fundraising Expenses 2.9%
  Fundraising Efficiency $0.06
  Working Capital Ratio (years) 0.91
  Program Expenses Growth 34.1%
  Liabilities to Assets 64.8%
All data for Financial Performance Metrics calculations was provided by Artspace Projects on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Artspace Projects on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Artspace Projects (MN) 89.48 three stars
MusiCares (CA) 91.73 four stars
Santa Barbara Bowl Foundation (CA) 89.24 three stars
The Lark (NY) 88.13 three stars
ArtWorks (OH) 85.04 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $13,605,585
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $36,600
   Related Organizations $0
   Government Grants $1,149,885
Total Contributions $14,792,070
   Program Service Revenue $14,975,659
Total Primary Revenue $29,767,729
   Other Revenue $-16,267
TOTAL REVENUE $29,751,462
   
EXPENSES  
   Program Expenses $34,318,949
   Administrative Expenses $719,411
   Fundraising Expenses $692,269
TOTAL FUNCTIONAL EXPENSES $35,730,629
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-5,979,167
   
Net Assets $20,998,639

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Real Estate Projects $3,596,610 10.5%
Development $26,562,745 77.4%
Consulting and Strategic Partnerships $1,216,415 3.5%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2016-12 06/01/2018 89.48 three stars
2015-12 07/01/2017 88.90 three stars
2014-12 06/01/2016 91.45 four stars
 
CN 2.0
2013-12 07/01/2015 91.82 four stars
2012-12 04/01/2014 89.38 three stars
2011-12 04/01/2013 83.72 three stars
2010-12 04/01/2012 76.71 two stars
2009-12 09/20/2011 81.87 three stars
 
CN 1.0
2009-12 05/01/2011 88.68 three stars
2008-12 06/01/2010 98.68 four stars
2007-12 05/01/2009 88.95 three stars
2006-12 04/01/2008 88.83 three stars
2005-12 04/01/2007 83.54 three stars
2004-12 02/01/2006 75.87 two stars
2003-12 06/01/2005 82.19 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 41-1350071
Name in IRS Master File ARTSPACE PROJECTS INC
NTEE Code A90
NTEE Classification Arts Service Organizations and Activities
NTEE Type Arts, Culture and Humanities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (119) Other cultural or historical activities
(400) Area development, redevelopment of renewal
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date January, 1984
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$205,750 0.57% L. Kelley Lindquist President

Highly Rated

Charity Name & State Overall Score Overall Rating
Artspace Projects (MN) 89.48 three stars
Lower Manhattan Cultural Council (NY) 89.60 three stars
SAG-AFTRA Foundation (CA) 91.90 four stars
HERE (NY) 90.91 four stars
ArtWorks (OH) 85.04 three stars

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Charity Contact Info

Artspace Projects
250 Third Avenue, North
Suite 500
Minneapolis, MN 55401
tel: (612) 333-9012
fax: (612) 333-9089
EIN: 41-1350071

Visit Web Site

Board Leadership

Mary Margaret MacMillan Mary Margaret MacMillan
Chair

CEO

Kelley Lindquist
President

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