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Arts, Culture, Humanities : Performing Arts

Artspace Projects

America's leading nonprofit real estate developer for the arts

91.45

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

Board Leadership
Terrance R. Dolan
Chair

CEO
Kelley Lindquist
President

  Score
(out of 100)
Rating
Overall Score & Rating 91.45
  Financial 95.00
  Accountability & Transparency 89.00
This rating was published 06/01/2016 and includes data from FY2014, the most recent 990 received at that time.

Learn more about how we calculate the overall score and rating.

Financial

95.00

Accountability & Transparency

89.00

This rating was published 06/01/2016 and includes data from FY2014, 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)
91.9%
  Administrative Expenses 4.4%
  Fundraising Expenses 3.6%
  Fundraising Efficiency $0.09
  Working Capital Ratio (years) 1.55
  Program Expenses Growth 8.2%
  Liabilities to Assets 47.0%
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) 91.45
Chamber Music America (NY) 89.51
National Performance Network (LA) 85.35
Association of Performing Arts Presenters (DC) 90.26
Intersection for the Arts (CA) 91.92

Compare These Charities (Highly Rated)

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.

REVENUE  
Contributions  
   Contributions, Gifts & Grants $6,280,920
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $2,048,041
Total Contributions $8,328,961
   Program Service Revenue $9,522,331
Total Primary Revenue $17,851,292
   Other Revenue $551,575
TOTAL REVENUE $18,402,867
   
EXPENSES  
   Program Expenses $16,788,996
   Administrative Expenses $677,762
   Fundraising Expenses $669,301
TOTAL FUNCTIONAL EXPENSES $18,136,059
   
Payments to Affiliates $0
Excess (or Deficit) for the year $266,808
   
Net Assets $27,496,328

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 $2,174,061 12.9%
Development $11,738,307 69.9%
Consulting and Strategic Partnerships $957,873 5.7%

Ratings History
Artspace Projects has received 2 consecutive 4-star ratings from Charity Navigator.

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

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, 2014
  • December, 2013
  • December, 2012
  • December, 2011
  • December, 2010

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

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Compensation % of Expenses Paid to Title
$187,944 1.03% L. Kelley Lindquist President

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.

Highly Rated

Charity Name & State Overall Score Overall Rating
Artspace Projects (MN) 91.45
Mosaic Youth Theatre of Detroit (MI) 87.30
The Field (NY) 93.93
Santa Barbara Bowl Foundation (CA) 88.26
Cinequest (CA) 93.91

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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

Terrance R. Dolan
Chair

CEO

Kelley Lindquist
President

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