Vital Spaces Inc
- Assets
- $112.8k
- Revenue
- $234.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Fe, NM
- Founding
- 03/2019
- Data as of
- 12/2020
- EIN
- 83-3490221
Organization Overview
Vital Spaces Inc is located in Santa Fe, NM. The organization was established in 2019. According to its NTEE Classification (A90) the organization is classified as: Arts Services, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vital Spaces 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 12/2020, Vital Spaces Inc generated $234.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $226.9k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
VITAL SPACES IS A SANTA FE-BASED 501(C)3 ORGANIZATION WHOSE MISSION IS TO SUSTAIN AND ENHANCE SANTA FE'S CULTURAL VIBRANCY BY CREATING AFFORDABLE SPACES FOR ARTISTS WORKING IN ALL MEDIA TO CREATE, PRESENT, CONNECT AND TEACH. OUR FOCUS IS ON FOSTERING A COLLABORATIV CREATIVE COMMUNITY AND SUPPORTING PEOPLE, IDEAS, AND ART FORMS THAT ARE UNDERREPRESENTED IN SANTA FE'S COMMERCIAL ART SCENE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE SUPPORT UNDERREPRESENTED AND NON-COMMERCIAL ARTISTS BY OFFERING RET-FREE OR LOW-RENT SPACES AS WELL AS EDUCATION, COMMUNITY BUILDING, AND COLLABORATIVE INITIATIVES AND EVENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yuki Murata Director | Trustee | 6 | $0 |
Christopher Webster Director | Trustee | 6 | $0 |
Nina Koh Communications Director | Trustee | 6 | $0 |
Raashan Ahmad Director | Trustee | 6 | $0 |
Jonathan Boyd Director | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $207,010 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,210 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,454 |
| 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 | $234,664 |
| 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 | $90,434 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,463 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,246 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,362 |
| Office expenses | $3,571 |
| Information technology | $700 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $557 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,872 |
| All other expenses | $6,106 |
| Total functional expenses | $226,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,716 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,065 |
| Total assets | $112,781 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,639 |
| Total liabilities | $11,639 |
| Net assets without donor restrictions | $101,142 |
| Net assets with donor restrictions | $0 |
| 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 | $112,781 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Vital Spaces Inc has recieved totaling $162,300.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $75,300 |
Santa Fe Community Foundation Santa Fe, NM PURPOSE: GENERAL OPERATING SUPPORT | $31,500 |
La Liga Santa Fe, NM PURPOSE: EARTHSEED $6,000 RESTART FUNDING $25,000 | $31,000 |
New Mexico Fund For Women & Girls Santa Fe, NM | | $14,500 |
Still Point Fund New York, NY PURPOSE: SPECIFICALLY DESIGNATED FOR EARTHSEED BLACK ARTS ALLIANCE | $5,000 |
Still Point Fund New York, NY PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communities In Schools Of Cameron County San Benito, TX | $1,863,652 | $2,355,604 |
Dairy Center For The Arts Boulder, CO | $11,050,322 | $3,310,840 |
Roswell Artist In Residents Foundation Roswell, NM | $13,096,282 | $950,709 |
Atheist Community Of Austin Inc Austin, TX | $1,074,838 | $657,910 |
Friends Of The Wright Opera House Inc Ouray, CO | $2,719,872 | $280,640 |
Vital Spaces Inc Santa Fe, NM | $112,781 | $234,664 |
Untitled Art Space Inc Oklahoma City, OK | $377,472 | $415,421 |
Allen Arts Alliance Allen, TX | $261,270 | $0 |
Community Artists Collective Houston, TX | $261,932 | $340,282 |
Costume Connection Phoenix, AZ | $34,325 | $0 |
Texas Accountants & Lawyers For The Arts Austin, TX | $196,713 | $244,676 |
Colorado West Performing Arts Company Grand Junction, CO | $20,627 | $0 |