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Artspace Projects Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411350071 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

Overview

What is Artspace Projects Inc?

Artspace Projects Inc, based in Minneapolis, Minnesota, is a nonprofit organization that specializes in creating and preserving affordable spaces for artists and arts organizations. Through their wholly or partially-owned limited partnerships, they acquire commercial and residential properties, catering to the unique needs of artists and arts groups. These real estate projects serve as vital hubs where artists can hone their craft, be it painting, dance, or any other form of artistic expression. Artspace's mission is to nurture and sustain a thriving arts community by providing affordable, supportive environments. With a workforce of 51 employees, they remain committed to fostering creativity and cultural growth.


Official website here: www.artspace.org

Is Artspace Projects Inc legitimate?

Artspace Projects Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Artspace Projects Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,165,898
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,457,905

For more financial information, click here


Official website here: www.artspace.org

What is the mission statement of Artspace Projects Inc?

Artspace Projects Inc is dedicated to providing affordable spaces for artists and arts organizations. Their mission is to create, foster, and preserve such spaces through various real estate projects. By owning commercial and residential properties, they offer artists the necessary environment to pursue their artistic expression, be it painting, dance, or other forms. These properties cater to the unique needs of artists, enabling them to produce their work effectively.


Official website here: www.artspace.org

Who is the CEO of Artspace Projects Inc?

L Kelley Lindquist is the President of Artspace Projects Inc.


Official website here: www.artspace.org

What is the revenue of Artspace Projects Inc?

Artspace Projects Inc's revenue in 2022 was $31,237,243.


Official website here: www.artspace.org

Who are the executives of Artspace Projects Inc and what are their salaries?

The average compensation at Artspace Projects Inc during 2022 was $110,271. There are 51 employees and 40 volunteers at Artspace Projects Inc.

Here are 51 key members and their salaries:

    L Kelley Lindquist (President)
  • Compensation: $248,606
  • Related: $0
  • Other: $31,401

    • William Law (Chief Operating Officer)
  • Compensation: $211,860
  • Related: $0
  • Other: $29,564

    • Wendy Holmes (Sr. Vp, Consulting)
  • Compensation: $192,136
  • Related: $0
  • Other: $36,046

    • Greg Handberg (Sr. Vp, Properties)
  • Compensation: $202,648
  • Related: $0
  • Other: $22,616

    • Steve Stanley (Chief Financial Officer)
  • Compensation: $156,877
  • Related: $0
  • Other: $33,154

    • Kathleen Kvern (Sr. Vp, National Advancement)
  • Compensation: $164,604
  • Related: $0
  • Other: $24,284

    • Stacey Mickelson (Vp, Government Relations)
  • Compensation: $147,106
  • Related: $0
  • Other: $18,993

    • Naomi Chu (Vp, Asset Management)
  • Compensation: $114,494
  • Related: $0
  • Other: $20,518

    • Teri Deaver (Vp, Consulting)
  • Compensation: $109,347
  • Related: $0
  • Other: $18,598

    • Herman J Milligan Jr Phd (Chair/Past Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Betty Massey (Vice Chair/Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Irene Quarshie (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary Cunningham (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Manbeck (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peggy Lucas (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joel Ronning (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marie Feely (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark W Addicks (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Devon Akmon (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter Beard (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Terry Benelli (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Randall Boursheidt (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Diane Dalto Woosnam (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matthew E Damon (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Louis Lou Demars (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Janis Lane-Ewart (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ian Friendly (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Roy Gabay (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bonnie Heller Ended Mar (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Burton Kassell (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter A Lefferts (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ceil Cirillo (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Martin Esq (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dan C Mehls (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Roger Opp Ended Nov (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sarah Oquist (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gloria Sewell (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barbara Portwood (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elizabeth Redleaf (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Annamarie Saarinen (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan Kenny Stevens Phd (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Curtis Thornhill (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cree Zischke (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Osh Ashruf (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Suzanne Koepplinger (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christopher Scott (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Neal Richardson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jason Stamm (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joe Gibbons (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Margaret Mcmillan (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chandler Wilson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.artspace.org

    Where can I find the form 990 for Artspace Projects Inc?

    The Artspace Projects Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.artspace.org

    Learn more at the official website: www.artspace.org

    Mission Statement of Artspace Projects Inc

    Artspace Projects Inc, a zealous organization, is dedicated to the creation, cultivation, and preservation of affordable spaces for artists and arts organizations. Through its mission, Artspace strives to provide sensitive real estate solutions tailored to the unique requirements of artistic expression.

    By owning commercial and residential properties through limited partnerships, Artspace offers artists and arts organizations the opportunity to concentrate on their craft without being hindered by the burden of securing adequate space. This innovative approach allows a painter to focus on creating a large-scale canvas, while a dancer can practice their moves in a spacious studio.

    Artspace's commitment to the arts community goes beyond just providing space. By offering properties that cater to the distinct needs of artists and arts organizations, Artspace plays a vital role in fostering their growth and success. In essence, Artspace Projects Inc serves as a vital partner to the arts sector, ensuring that artists and arts organizations have the essential resources they need to thrive and contribute to the cultural richness of their communities.

    Impact

    This information is meant to be a general summary of Artspace Projects Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Artspace Projects Inc's impact lies in its creation of affordable space for artists and arts organizations. Through their real estate projects, they provide properties that cater to the unique needs of artistic individuals and venues. This enables artists to have the necessary space to work on their artistic expressions, whether it be painting, dance, or any other form of art. Their initiatives in offering affordable and suitable spaces contribute significantly to the sustainability and growth of the arts community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $510,004
  • Program Service Revenue: $16,375,352
  • Gross Receipts: $31,449,801

    • Assets and Liabilities:
  • Total Assets: $88,532,198
  • Total Liabilities: $60,426,934
  • Net Assets: $28,105,264
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Rental Revenue

    Revenue

    $7,540,616

    Developer Fees

    Revenue

    $1,590,283

    Property Management Fees

    Revenue

    $1,073,848

    Consulting Services

    Revenue

    $517,104

    Project Fees

    Revenue

    $49,550

    Organization Details

    Founding Year

    1978

    Principal Officer

    L Kelley Lindquist

    Main Address

    250 3rd Avenue North 400, Minneapolis, MN, 55401

    NTEE Category

    Code: A900 - Arts

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