EIN 41-1350071

Artspace Projects

IRS 501(c) type
501(c)(3)
Num. employees
46
Year formed
1978
Most recent tax filings
2023-12-01
Description
Artspace Projects creates, fosters, and preserves affordable space for artists and arts organizations with a mission to provide sensitive properties that meet the unique needs of the creative community. Artspace manages nonresidential, Artspace-owned projects and oversees daily operations including financials, physical upkeep, tenant communications, and reporting.
Total revenues
$29,143,430
2023
Total expenses
$30,384,969
2023
Total assets
$98,678,653
2023
Num. employees
46
2023

Program areas at Artspace Projects

Real Estate Projects - Provides properties that are sensitive to the unique needs and environment necessary for artists, arts organizations, workforce housing and arts venues, through wholly, or partially owned limited partnerships which own commercial and/or residential properties. These real estate projects provide space for artists to work on their particular means of artistic expression. As an example, a painter or dancer needs space to produce a huge painting, or to practice their dance steps.
Asset & Performance Property Management - Asset Management oversees the Organization's limited partnership holdings to establish and maintain long-term financially and physically stable assets. It works closely with partners, funders, and management companies to ensure stability. Performance Property Management provides services for various projects and is responsible for overseeing daily operations, including financial management, physical conditions, tenant communications, and reporting on project statuses, particularly regarding issues that require owner input and decisions.
Development - Develops workforce housing, artist live/workspaces and cultural facilities with both public agencies and private groups by involvement in real estate projects as project coordinator, developer, co-developer, and general contractor; informs and educates the general public and key decision makers about projects and issues related to workforce housing, space, artists and art facilities.
Asset & Property Management - Asset Management oversees and collaborates with artists cooperatives, arts tenants, partners, funders, and management companies of the Organization's limited partnership holdings, to establish and maintain long-term financially and physically stable assets. Property Management provides services for various projects, and is responsible for overseeing and coordinating the daily status of the project including financial, physical and tenant communications, and reporting on the ongoing status of the projects and with regard to issues requiring owner input and decisions.

Grants made by Artspace Projects

GranteeGrant descriptionAmount
The Cowles Center for DanceGrant for Dance Program.$1,930,101

Who funds Artspace Projects

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Margaret A Cargill FoundationArtspace Regranting To Support Anchor Sites Development$1,470,000
Windgate Charitable TrustArt & Culture$800,000
Schwab Charitable FundArts, Culture & Humanities$253,400
...and 26 more grants received totalling $3,276,467

Personnel at Artspace Projects

NameTitleCompensation
Will LawChief Operations Officer
Beth ChalmersChief Financial Officer
Tionenji AikenVice President , Communications and Program Director , the Rafala Green Fellowship Program
Stacey MickelsonVice President , Government Relations$147,106
Naomi ChuVice President of Portfolio Finance , Asset Management$114,494
...and 17 more key personnel

Financials for Artspace Projects

RevenuesFYE 12/2023
Total grants, contributions, etc.$13,288,151
Program services$14,164,735
Investment income and dividends$944,914
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$23,249
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$722,381
Total revenues$29,143,430

Form 990s for Artspace Projects

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-11990View PDF
2022-122023-08-30990View PDF
2021-122022-10-27990View PDF
2020-122021-10-04990View PDF
2019-122021-03-31990View PDF
...and 11 more Form 990s

Organizations like Artspace Projects

OrganizationLocationRevenue
Springboard for the ArtsSaint Paul, MN$11,682,094
Robert W Woodruff Arts CenterAtlanta, GA$99,817,852
Museum of ScienceBoston, MA$72,506,770
Mathematical Association of AmericaWashington, DC$8,598,932
United States ArtistsChicago, IL$16,125,115
Seattle Theatre GroupSeattle, WA$75,551,786
Civil War Trust (APCWS)Washington, DC$32,698,089
National WWII MuseumNew Orleans, LA$81,821,172
National Trust for Historic PreservationWashington, DC$83,640,008
National Center for Civil and Human RightsAtlanta, GA$23,615,138
Data update history
October 18, 2024
Updated personnel
Identified 5 new personnel
September 21, 2024
Received grants
Identified 5 new grant, including a grant for $800,000 from Windgate Charitable Trust
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $20,000 from Blank Allan and Margot Foundation
February 4, 2024
Received grants
Identified 18 new grant, including a grant for $1,470,000 from Margaret A Cargill Foundation
November 7, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Real estate organizationsArts, culture, and humanities nonprofitsHeadquarter / parent organizationsCharities
Issues
Arts, cultural, and humanities
Characteristics
LobbyingNational levelReceives government fundingManagement and technical assistanceTax deductible donationsAccepts online donations
General information
Address
528 Hennepin Ave 700
Minneapolis, MN 55403
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
Website URL
artspace.org/ 
Phone
(612) 333-9012
Facebook page
artspaceprojects 
Twitter profile
@artspaceusa 
IRS details
EIN
41-1350071
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1978
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A90: Arts Service Organizations and Activities
NAICS code, primary
5313: Real Estate Services
Parent/child status
Central organization
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current - In Process
FTB status revoked
Not revoked
AG Registration Number
CT0149805
FTB Entity ID
2655217
AB 488 data last updated ("as-of") date
2024-12-31
Free account sign-up

Want updates when Artspace Projects has new information, or want to find more organizations like Artspace Projects?

Create free Cause IQ account