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Nonprofiteer
← ARTISTS SPACE INC

Form 990 for tax year 2022

Filed by ARTISTS SPACE INC.

Totals

Total revenue
$2,367,337
Total expenses
$2,332,867
Contributions and grants received
$1,878,100
Grants paid
$0
Program service revenue
$0
Investment income
$177
Other revenue
$489,060
Total assets, end of year
$10,229,621
Total liabilities, end of year
$5,599,202
Net assets or fund balances, end of year
$4,630,419
Program services expenses (Part IX)
$1,701,642
Management and general expenses
$252,755
Fundraising expenses
$378,470
Program service expenses (Part III)
$1,701,642

Program services were 72.9% 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.

  • 1e · Government grants (contributions)

    $129,783

  • 1f · All other contributions, gifts and grants

    $1,748,317

  • 3 · Investment income

    total $177 · unrelated business $0 · excluded $177

  • 10a · Gross sales of inventory

    $487,410

  • 10c · Net income from sales of inventory

    total $487,410 · related or exempt $487,410

  • 11a · Other revenue: OTHER REVENUE

    total $1,650 · related or exempt $1,650 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $1,650

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $187,131 · program services $84,209 · management and general $46,783 · fundraising $56,139

  • 7 · Other salaries and wages

    total $437,273 · program services $362,414 · management and general $24,953 · fundraising $49,906

  • 9 · Other employee benefits

    total $62,923 · program services $55,478 · management and general $2,482 · fundraising $4,963

  • 10 · Payroll taxes

    total $50,933 · program services $36,699 · management and general $5,715 · fundraising $8,519

  • 11c · Fees: accounting

    total $51,892 · program services $0 · management and general $51,892 · fundraising $0

  • 11g · Fees: other

    total $13,753 · program services $6,938 · management and general $0 · fundraising $6,815

  • 12 · Advertising and promotion

    total $26,443 · program services $26,443 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $20,142 · program services $14,513 · management and general $2,260 · fundraising $3,369

  • 16 · Occupancy

    total $591,929 · program services $430,274 · management and general $64,907 · fundraising $96,748

  • 17 · Travel

    total $47,618 · program services $33,533 · management and general $13,830 · fundraising $255

  • 20 · Interest

    total $15,004 · program services $11,925 · management and general $3,079 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $207,878 · program services $149,783 · management and general $23,326 · fundraising $34,769

  • 23 · Insurance

    total $12,744 · program services $10,308 · management and general $978 · fundraising $1,458

  • 24a · Other expenses: EXHIBITION EXPENSE

    total $182,447 · program services $182,447 · management and general $0 · fundraising $0

  • 24b · Other expenses: ARTISTIC PRODUCTION EXPENSE

    total $134,779 · program services $134,779 · management and general $0 · fundraising $0

  • 24c · Other expenses: EVENT EXPENSE

    total $93,122 · program services $0 · management and general $0 · fundraising $93,122

  • 24d · Other expenses: REAL ESTATE TAX

    total $55,624 · program services $40,079 · management and general $6,242 · fundraising $9,303

  • 24e · All other expenses

    total $141,232 · program services $121,820 · management and general $6,308 · fundraising $13,104

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,947,965 · end of year $1,747,126

  • 3 · Pledges and grants receivable

    beginning of year $502,470 · end of year $292,048

  • 4 · Accounts receivable

    beginning of year $102,823 · end of year $97,623

  • 8 · Inventories for sale or use

    beginning of year $382,095 · end of year $403,901

  • 9 · Prepaid expenses and deferred charges

    beginning of year $48,596 · end of year $63,139

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

    $3,617,483

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

    $770,829

  • 10c · Land, buildings and equipment, net

    beginning of year $3,020,538 · end of year $2,846,654

  • 11 · Investments: publicly traded securities

    end of year $4,611,077

  • 15 · Other assets

    beginning of year $167,876 · end of year $168,053

  • 17 · Accounts payable and accrued expenses

    beginning of year $192,970 · end of year $213,518

  • 23 · Secured mortgages and notes payable

    beginning of year $666,273

  • 25 · Other liabilities

    beginning of year $717,171 · end of year $5,385,684

  • 27 · Net assets without donor restrictions

    beginning of year $4,259,282 · end of year $4,205,419

  • 28 · Net assets with donor restrictions

    beginning of year $336,667 · end of year $425,000

Mission and programs · 2022

Mission

ARTISTS SPACE IS AN EXHIBITION SPACE THAT PROVIDES DIRECT SUPPORT TO ARTISTS THROUGH EXHIBITION OPPORTUNITIES AND PUBLIC PROGRAMS. IN RECENT YEARS, THE EXHIBITION PROGRAM HAS GROWN TO PRESENT SIX MAJOR EXHIBITIONS PER YEAR REFLECTING THE WIDEST RANGE OF EXHIBITION FORMS: AN ARTIST'S VERY FIRST PUBLIC PRESENTATION-INSTITUTIIONAL OR OTHERWISE, EXHIBITIONS OF ARTISTS' ARCHIVES AND PRIMARY MATERIALS, EXHIBITIONS ILLUMINATING HISTORICALLY MARGINALIZED ARTISTS, FIRST INSTITUTIONAL EXHIBITIONS IN THE US OF INTERNATIONAL ARTISTS, AND THEMATIC GROUP EXHIBITIONS THAT CHALLENGE RECEIVED ART HISTORICAL HISTORIES AND CANONS, AS WELL AS AN ACTIVE SCHEDULE OF PERFORMANCES, EVENTS, AND PUBLIC PROGRAMS THAT COULD ONLY HAVE HAPPENED AT ARTISTS SPACE.

Activities or mission (Part I)

A CONTEMPORARY ART SPACE THAT PROVIDES DIRECT SUPPORT TO ARTISTS THROUGH EXHIBITION OPPORTUNITIES, LIVE COMMISSIONS, AND PUBLIC PROGRAMS. IN RECENT YEARS, THE EXHIBITION PROGRAM HAS GROWN TO PRESENT SIX MAJOR EXHIBITIONS PER YEAR REFLECTING THE WIDEST RANGE OF

  • THE ORGANIZATION MAINTAINS A COLLECTION OF UNIQUE ARTWORKS DONATED TO BENEFIT THE ORGANIZATION THROUGH THEIR SALE AT THE ORGANIZATION'S DISCRETION. THE VALUE OF THESE WORKS IS APPRAISED REGULARLY. ARTISTS SPACE IS NOT A COLLECTING INSTITUTION.

    Expenses $1,701,642

As filed on the 2022 return.

Listed in Part VII

  • Jay Sanders

    EXECUTIVE DIRECTOR

    Total calculated
    $184,876
    From this org
    $175,000
    From related orgs
    $0
    Other
    $9,876
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,000
    Bonus
    $0
    Other
    $9,876
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $184,876
  • Miriam Katzeff

    DEPUTY DIIRECTOR UNTIL 10/15/2022

    Total calculated
    $112,905
    From this org
    $104,115
    From related orgs
    $0
    Other
    $8,790
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $104,115
    Bonus
    $0
    Other
    $8,790
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $112,905
  • Andrew Stillpass

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Liam Gillick

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Negar Azimi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jonathan Caplan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Eleanor Cayre

    CO-PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Stephen Cheng

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Martin Cox

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Claire Distenfeld Olshan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Darby English

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Latoya Ruby Frazier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Carol Greene

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Barbara Glastone

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Rachel Harrison

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ebony Haynes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Joan Jonas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • David Joselit

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Philippa Polskin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Seth Price

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Eleanor Heyman Propp

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Steven Schindler

    CO-PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Allan Schwartzman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Amanda Sharp

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Cindy Sherman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Rirkrit Tiravanija

    BOARD MEMBER

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
25 April 2024
IRS schema version
2022v5.0
Source object
202411169349301206

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