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Nonprofiteer
← INDIESPACE INC

Form 990 for tax year 2024

Filed by INDIESPACE INC.

Totals

Total revenue
$2,155,460
Total expenses
$1,243,446
Contributions and grants received
$2,098,439
Grants paid
$275,565
Program service revenue
$0
Investment income
$37,202
Other revenue
$19,819
Total assets, end of year
$1,670,224
Total liabilities, end of year
$15,554
Net assets or fund balances, end of year
$1,654,670
Program services expenses (Part IX)
$863,341
Management and general expenses
$320,640
Fundraising expenses
$59,465
Program service expenses (Part III)
$863,341

Program services were 69.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $26,477

  • 1e · Government grants (contributions)

    $5,000

  • 1f · All other contributions, gifts and grants

    $2,066,962

  • 3 · Investment income

    total $37,202 · unrelated business $0 · excluded $37,202

  • 6a · Gross rents

    real property $6,915

  • 6c · Rental income or loss

    real property $6,915

  • 6d · Net rental income or loss

    total $6,915 · excluded $6,915

  • 8a · Fundraising events: contributions included on line 1c

    $26,477

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $12,904 · related or exempt $12,904 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $12,904

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $275,565 · program services $275,565

  • 5 · Compensation of officers, directors and key employees

    total $212,096 · program services $170,079 · management and general $28,011 · fundraising $14,006

  • 7 · Other salaries and wages

    total $142,731 · program services $107,388 · management and general $35,343 · fundraising $0

  • 9 · Other employee benefits

    total $23,563 · program services $18,426 · management and general $4,207 · fundraising $930

  • 10 · Payroll taxes

    total $29,386 · program services $22,979 · management and general $5,247 · fundraising $1,160

  • 11c · Fees: accounting

    total $74,123 · program services $0 · management and general $74,123 · fundraising $0

  • 11d · Fees: lobbying

    total $40,600 · program services $40,600 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $289,241 · program services $155,262 · management and general $128,418 · fundraising $5,561

  • 12 · Advertising and promotion

    total $2,422 · program services $900 · management and general $1,522 · fundraising $0

  • 16 · Occupancy

    total $12,386 · program services $12,386 · management and general $0 · fundraising $0

  • 17 · Travel

    total $5,910 · program services $213 · management and general $5,697 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $4,543 · program services $0 · management and general $4,543 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $8,707 · program services $6,809 · management and general $1,555 · fundraising $343

  • 23 · Insurance

    total $6,094 · program services $4,766 · management and general $1,088 · fundraising $240

  • 24a · Other expenses: DIGITAL ONLINE SERVICES

    total $16,922 · program services $10,932 · management and general $5,990 · fundraising $0

  • 24b · Other expenses: DEVELOPMENT FEES

    total $51,272 · program services $0 · management and general $15,272 · fundraising $36,000

  • 24c · Other expenses: MEALS AND ENTERTAINMENT

    total $32,960 · program services $32,644 · management and general $316 · fundraising $0

  • 24d · Other expenses: MISCELLANEOUS

    total $4,699 · program services $606 · management and general $2,926 · fundraising $1,167

  • 24e · All other expenses

    total $10,226 · program services $3,786 · management and general $6,382 · fundraising $58

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $404,024 · end of year $136,421

  • 2 · Savings and temporary cash investments

    beginning of year $184,003 · end of year $3,834

  • 3 · Pledges and grants receivable

    beginning of year $239,000 · end of year $490,100

  • 7 · Other notes and loans receivable

    beginning of year $20,350 · end of year $84,625

  • 8 · Inventories for sale or use

    beginning of year $12,741

  • 9 · Prepaid expenses and deferred charges

    end of year $26,468

  • 10a · Land, buildings and equipment: cost or other basis

    $39,948

  • 10b · Land, buildings and equipment: accumulated depreciation

    $17,032

  • 10c · Land, buildings and equipment, net

    beginning of year $29,784 · end of year $22,916

  • 11 · Investments: publicly traded securities

    end of year $885,577

  • 14 · Intangible assets

    beginning of year $4,800 · end of year $3,600

  • 15 · Other assets

    beginning of year $6,250 · end of year $16,683

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,804 · end of year $15,404

  • 18 · Grants payable

    beginning of year $130,150 · end of year $150

  • 27 · Net assets without donor restrictions

    beginning of year $416,498 · end of year $598,837

  • 28 · Net assets with donor restrictions

    beginning of year $329,500 · end of year $1,055,833

Mission and programs · 2024

Mission

INDIESPACE CELEBRATES AND CENTERS INDEPENDENT THEATER-MAKING IN NEW YORK CITY. THE ORGANIZATION PROVIDES RADICALLY TRANSPARENT, RESPONSIVE AND EQUITY-FOCUSED FUNDING, REAL ESTATE PROGRAMS, PROFESSIONAL DEVELOPMENT, AND ADVOCACY TO INDIVIDUAL ARTISTS, THEATER COMPANIES, AND INDIE VENUES. INDIESPACE CONTINUED ITS MISSION OF PROVIDING FREE SERVICES TO THE INDIE THEATER COMMUNITY THROUGH ITS FUNDING, REAL ESTATE PROGRAMS, PROFESSIONAL DEVELOPMENT AND ADVOCACY. INDIESPACE SUPPORTED AN ADDITIONAL 26 ORGANIZATIONS WITH ITS ADVISORY AND CONSULTING PROGRAMS, HELPING TWO ADDITIONAL ORGANIZATIONS NAVIGATE THE PURCHASE OF THEIR PROPERTY. WE PROVIDED COUNTLESS PROFESSIONAL DEVELOPMENT AND COMMUNITY BUILDING OPPORTUNITIES THROUGH WORKSHOPS ON BUDGETING, FUNDRAISING, SPACE OPERATION, LEASE CLAUSES, REAL ESTATE 101, BOARD ENGAGEMENT AND MORE. WE CONTINUED TO OPERATE THE WEST VILLAGE REHEARSAL CO-OP AND WE SIGNED THE LEASE FOR INDIESPACE HELLS KITCHEN, WHICH IS CURRENTLY UNDER CONSTRUCTION.

Activities or mission (Part I)

INDIESPACE CELEBRATES AND CENTERS INDEPENDENT THEATER-MAKING IN NEW YORK CITY. THE ORGANIZATION PROVIDES RADICALLY TRANSPARENT, RESPONSIVE AND EQUITY-FOCUSED FUNDING, REAL ESTATE PROGRAMS, PROFESSIONAL DEVELOPMENT, AND ADVOCACY TO INDIVIDUAL ARTISTS, THEATER COMPANIES, AND INDIE VENUES.

  • SEE SCHEDULE O.

    Expenses $863,341 · Grants $275,565

As filed on the 2024 return.

Listed in Part VII

  • Randi Berry

    BOARD MEMBER/EXECUTIVE DIRECTOR

    Total calculated
    $133,752
    From this org
    $133,752
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Veshonte Brown

    BOARD MEMBER/PROGRAMS MANAGER

    Total calculated
    $71,282
    From this org
    $71,282
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Raquel Almazan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Brian Berk

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Samuel Morales

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Candace Jackson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Maya Quetzali Gonzalez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Erez Ziv

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brea Clemons

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andrew Clarke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joseph Auld

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Pamela Chisling

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dechelle Damien

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Siobhan O'Neill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marty Linsky

    BOARD EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • Paul Lelbowitz

    BOARD EMERITUS

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
5 August 2025
IRS schema version
2024v5.2
Source object
202532179349300603

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