Space 4 Art Inc
- Assets
- $1.1m
- Revenue
- $538.0k
- Investments
- $0.0
- Employees
- 3
- Location
- San Diego, CA
- Founding
- 05/2013
- Data as of
- 12/2023
- EIN
- 27-4003216
Organization Overview
Space 4 Art Inc is located in San Diego, CA. The organization was established in 2013. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Space 4 Art Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Space 4 Art Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Space 4 Art Inc generated $538.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $467.9k during the year ending 12/2023. While expenses have increased by 5.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH A DYNAMIC CREATIVE CENTER WHERE ARTISTS LIVE, WORK, MENTOR YOUTH, AND INTERACT WITH THE COMMUNITY IN AN INNOVATIVE AND EDUCATIONAL ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPACE 4 ART SERVES AS A DIVERSE, AFFORDABLE CREATIVE INCUBATOR, INCLUSIVE CULTURAL VENUE, AND COMMUNITY BASED ARTS-EDUCATION CENTER VIA (1) 23 AFFORDABLE SPACES IN WHICH 35+ ARTISTS LIVE, WORK, TEACH, COLLABORATE, AND SHARE THEIR WORK WITH THE COMMUNITY THROUGH EDUCATIONAL OUTREACH AND CULTURAL EVENTS, (2) FREE, PROJECT-BASED, STEM- AND HEALING-BASED ARTS PROGRAMMING FOR STUDENTS IN SCHOOLS AND ORGANIZATIONS IN UNDER-RESOURCED NEIGHBORHOODS, AND (3) FREE TO LOW-COST ARTS AND CULTURAL EVENTS FOR THE PUBLIC AT LARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Leathers President | OfficerTrustee | 5.5 | $0 |
Cheryl Nickel Co-Founder | Trustee | 1 | $0 |
Linda Litteral Secretary | OfficerTrustee | 1.6 | $0 |
Michael Stepner Director | Trustee | 1.3 | $0 |
Emily Knapp Vice President | OfficerTrustee | 3.2 | $0 |
Martha Zapata Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $123,135 |
| All other contributions, gifts, grants, and similar amounts not included above | $219,506 |
| Noncash contributions included in lines 1a–1f | $1,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $342,641 |
| Total Program Service Revenue | $195,372 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $538,013 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $196,274 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,578 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $163,679 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,679 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,921 |
| All other expenses | $1,510 |
| Total functional expenses | $467,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,467 |
| Savings and temporary cash investments | $330,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,238 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,200 |
| Net Land, buildings, and equipment | $359,720 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $225,032 |
| Total assets | $1,068,657 |
| Accounts payable and accrued expenses | $492 |
| Grants payable | $0 |
| Deferred revenue | $75,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $254,320 |
| Total liabilities | $829,812 |
| Net assets without donor restrictions | $200,377 |
| Net assets with donor restrictions | $38,468 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,068,657 |