Overview
What is Midland Shared Spaces Inc?
Midland Shared Spaces Inc is a nonprofit organization based in Midland, Texas. Their primary mission is to provide affordable workspace for various nonprofit organizations at below-market rents. The workspace includes Class A facilities equipped with high-tech meeting rooms, smaller boardrooms, a commercial kitchen, and break rooms. Moreover, Midland Shared Spaces offers all necessary information technology and communication services and equipment at reduced rates. They also provide on-site technical support to their tenant nonprofits. By fostering collaboration within the nonprofit sector and the community, Midland Shared Spaces aims to drive fundamental and lasting changes in Midland County. Furthermore, the organization offers fiscal sponsorship opportunities to nonprofits pursuing tax-exempt status. During 2021, The Literacy Coalition of the Permian Basin utilized Midland Shared Spaces' fiscal sponsorship program while seeking its tax-exempt status, and in 2022, the literacy coalition achieved its tax-exempt status, ending its participation in the program. Midland Shared Spaces Inc currently employs 12 individuals.
Official website here: www.midlandsharedspaces.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%, Four-Star out of Four Star rating
Midland Shared Spaces Inc has received a Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. With an impressive Accountability & Finance score of 92, the organization demonstrates excellent oversight in its financial practices, including a solid Liabilities to Assets ratio of 0.41%. The charity's independent board structure is also robust, featuring 100% independent members, ensuring sound governance.
In terms of community engagement, Midland Shared Spaces excels with a Culture & Community score of 86. The organization places a strong emphasis on constituent feedback, achieving a perfect score in feedback collection and usage. This indicates that they actively listen to and incorporate the opinions of those they serve into their programming, which is crucial for effective nonprofit operations.
Despite its strengths, there are areas for improvement. The organization's Equity Strategies and Data scores are both at 79 out of 100, suggesting that while they may be addressing equity issues, there is room for growth and enhanced effectiveness in these areas. Overall, Midland Shared Spaces Inc is well-regarded for its financial integrity and community involvement, making it a reputable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Midland Shared Spaces Inc legitimate?
Midland Shared Spaces Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midland Shared Spaces 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $177,115
Professional Fundraising Fees: $0
Other Salaries and Wages: $534,464
For more financial information, click here
Official website here: www.midlandsharedspaces.org
What is the mission statement of Midland Shared Spaces Inc?
Midland Shared Spaces Inc, as an organization, prioritizes enhancing the efficiency of nonprofit entities by providing them with affordable workspace and back-office services. Situated in a Class A facility, the organization offers below-market rents, fully equipped workspaces, high-tech meeting rooms, and various amenities such as a commercial kitchen and break rooms. Midland Shared Spaces Inc also offers information technology and communication services at reduced rates and provides on-site technical support. Moreover, the organization fosters collaborative networking among tenants, nonprofits, and the community at large, serving as a catalyst for fundamental and lasting changes. Additionally, the organization offers fiscal sponsorship opportunities to organizations seeking tax-exempt status, acting as their umbrella until they secure their own tax-exempt status.
Official website here: www.midlandsharedspaces.org
Who is the CEO of Midland Shared Spaces Inc?
Autumn Vest is the Lcpb Director of Midland Shared Spaces Inc.
Official website here: www.midlandsharedspaces.org
What is the revenue of Midland Shared Spaces Inc?
Midland Shared Spaces Inc's revenue in 2022 was $981,926.
Official website here: www.midlandsharedspaces.org
Who are the executives of Midland Shared Spaces Inc and what are their salaries?
The average compensation at Midland Shared Spaces Inc during 2022 was $59,298. There are 12 employees and 11 volunteers at Midland Shared Spaces Inc.
Here are 15 key members and their salaries:
- Compensation: $144,530
- Related: $0
- Other: $0
- Compensation: $109,637
- Related: $0
- Other: $0
- Compensation: $107,296
- Related: $0
- Other: $0
- Compensation: $64,938
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.midlandsharedspaces.org
Where can I find the form 990 for Midland Shared Spaces Inc?
Midland Shared Spaces Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.midlandsharedspaces.org
Learn more at the official website: www.midlandsharedspaces.org
Mission Statement of Midland Shared Spaces Inc
Midland Shared Spaces Inc, a nonprofit organization, is dedicated to enhancing the efficiency of other nonprofits by providing them with affordable workspace and back-office services. Located in a Class A facility, the organization offers below-market rents, fully furnished offices, high-tech meeting rooms, smaller board rooms, a commercial kitchen, and break rooms. Midland Shared Spaces Inc also provides all the necessary information technology and communication services and equipment at reduced rates, along with on-site technical support.
Beyond the physical space, Midland Shared Spaces Inc fosters collaboration within the nonprofit sector and the community at large. This collaborative networking serves as a catalyst for fundamental and lasting changes in the community. The organization also offers fiscal sponsorship opportunities to organizations seeking tax-exempt status. Under this program, a nonprofit agrees to operate its project under Midland Shared Spaces Inc's supervision, thereby gaining legal and tax-exempt protection. In 2021, Midland Shared Spaces Inc welcomed the Literacy Coalition of the Permian Basin into its fiscal sponsorship program as it pursued its own tax-exempt status. In 2022, the Literacy Coalition of the Permian Basin achieved its tax-exempt status, thereby concluding its participation in Midland Shared Spaces Inc's fiscal sponsorship program.
In summary, Midland Shared Spaces Inc plays a crucial role in supporting other nonprofits by providing them with affordable workspace, essential services, and opportunities for collaboration. By doing so, the organization strives to improve the efficiency of these nonprofits and better serve the people of their community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Midland Shared Spaces Inc enhances efficiency, provides affordable workspace, and fosters collaborations that better serve the organizations and people of Midland County. Through providing affordable workspace for organizations at below-market rents in a Class A facility, offering all necessary furniture and equipment, high-tech meeting rooms, commercial kitchen, and more, Midland Shared Spaces Inc plays a crucial role in supporting the local community's nonprofit sector. Additionally, by providing information technology and communication services at below-market rates, along with onsite technical support, Midland Shared Spaces Inc enables its tenants to operate more effectively and efficiently.
Furthermore, Midland Shared Spaces Inc's fiscal sponsorship program offers organizations pursuing tax-exempt status the opportunity to operate under its umbrella, providing legal and tax-exempt protection while they establish their own nonprofit status. By facilitating the participation of organizations like the Literacy Coalition of the Permian Basin in this program, Midland Shared Spaces Inc contributes to the growth and sustainability of the local nonprofit sector.
Overall, Midland Shared Spaces Inc's impact is evident in its dedication to enhancing the efficiency and effectiveness of nonprofit organizations, providing them with essential resources and support to better serve the community of Midland County.
This information is meant to be a general summary of Midland Shared Spaces Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,542
- Program Service Revenue: $512,982
- Gross Receipts: $1,006,704
Assets and Liabilities:
- Total Assets: $8,019,333
- Total Liabilities: $33,531
- Net Assets: $7,985,802
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT/ SHARED SERV
Revenue
$512,982
Organization Details
Founding Year
2012
Phone
(432) 685-0400Principal Officer
Autumn Vest
Main Address
3500 N A STREET 1100, MIDLAND, TX, 79705
Website
www.midlandsharedspaces.orgNTEE Category
Code: S40 - Community improvement
If you are a representative of Midland Shared Spaces Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.