Overview
What is Indiespace Inc?
Indiespace Inc, based in Astoria, New York, is a nonprofit organization dedicated to supporting and empowering independent theater-makers in the city. Throughout the year, they collaborate with over 20 organizations, offering advisory and consulting services to aid in their real estate decisions. Indiespace also distributes grants through various programs, including their Mental Health Program, People and Emergency Fund. Notably, they assisted the Bushwick Star in purchasing their building and conducted professional development workshops for artists in their community. Furthermore, Indiespace finalized a collaboration for the West Village Rehearsal Co-op, which opened in 2023. With a mission to celebrate and center independent theater-making, Indiespace offers funding, real estate programs, professional development, and advocacy to individual artists, theater companies, and Indie Venues, aiming to preserve and enhance a significant part of New York City's cultural life. The organization boasts a workforce of 4 dedicated individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star Rating
Indiespace Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. With an overall score of 97%, the organization excels particularly in the Accountability & Finance category, scoring 96%. Notable strengths include an independent board with 100% independent members and excellent financial audit practices, demonstrating a solid governance structure.
The organization also shines in its culture and community practices, scoring a perfect 100%. This reflects its commitment to gathering and utilizing feedback effectively, as well as implementing equity strategies and policies that support diverse communities. Such high marks in these areas suggest that Indiespace Inc is actively engaging with its stakeholders and continuously striving for improvement.
While the data showcases many strengths, it's essential for potential supporters to consider the operational aspects that contribute to these ratings. The high program expense ratio of 74.31% indicates that a significant portion of resources is directed towards program services, which is a positive sign of effective use of funds. Overall, Indiespace Inc appears to be a well-managed nonprofit with a strong commitment to transparency and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Indiespace Inc legitimate?
Indiespace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indiespace 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: $159,448
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Indiespace Inc?
Indiespace Inc's mission is to champion and prioritize independent theater creation in a city setting. They offer transparent, responsive, and equity-focused funding, real estate programs, professional development, and advocacy services to individual artists, theater companies, and independent venues. The organization's goal is to safeguard and improve the cultural significance of these entities in people's lives.
Who is the CEO of Indiespace Inc?
Randi Berry is the Co-Chair of Indiespace Inc.
What is the revenue of Indiespace Inc?
Indiespace Inc's revenue in 2022 was $1,533,164.
Who are the executives of Indiespace Inc and what are their salaries?
The average compensation at Indiespace Inc during 2022 was $39,862. There are 4 employees at Indiespace Inc.
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- Compensation: $76,472
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Where can I find the form 990 for Indiespace Inc?
Indiespace Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Indiespace Inc
Indiespace Inc, a nonprofit organization, is dedicated to celebrating and prioritizing independent theater-making in New York City. Their mission is threefold: firstly, they offer radically transparent and responsive funding, secondly, they provide real estate programs and professional development opportunities, and lastly, they engage in advocacy efforts on behalf of individual artists, theater companies, and Indie Venues. Indiespace Inc strives to preserve and enhance a significant aspect of the cultural life of New Yorkers by supporting these entities. Their goal is to ensure that independent theater-making thrives and remains a vital part of the city's cultural landscape.
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Impact
July, 2024
Indiespace Inc's impact is significant in the independent theater-making scene 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 Inc has collaborated with over 20 other organizations, offering advisory and consulting services to help them make real estate decisions. They have also distributed hundreds of grants through programs like the Mental Health Program, pay our People, and emergency fund.
One notable achievement is their assistance to the Bushwick Star in advising them on the purchase of their building. Additionally, Indiespace Inc has conducted various professional development workshops for artists in the community and facilitated the establishment of the West Village Rehearsal Co-op, which opened in 2023. Overall, Indiespace Inc's efforts help to preserve and enhance the cultural vibrancy of New York City and support the growth of independent theater-makers and venues.
This information is meant to be a general summary of Indiespace 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.
- Gross Receipts: $1,533,164
Assets and Liabilities:
- Total Assets: $868,878
- Total Liabilities: $19,952
- Net Assets: $848,926
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Organization Details
Founding Year
2015
Phone
(917) 626-1369Principal Officer
Randi Berry
Main Address
4815 28th Avenue, Astoria, NY, 11103
NTEE Category
Code: A65 - Arts
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