Artists Space INC FY2021 filing

Tax-deductible

New York, NY501(c)(3)Since 1972Arts & CultureEIN 13-2749632Revenue $2.0M in FY2021

On file with the IRSartistsspace.org11 Cortlandt Aly, 10013-3505 · New York, NYTax-exempt since Mar 1973Publicly supported charity — 170(b)(1)(A)(vi)

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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

501(c)(3) charity; gifts are tax-deductible.
54¢ of each $1 spent went to programs.
$135K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $278K a year · 12% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
54%
of spending
Worth a look: 54% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$135K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
19 mo
of spending, in cash
Looks good: 18.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
24
named funders · $760K
Looks good: 24 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.8M
27% of total assets
Looks good: liabilities are 27% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
-11% vs prior year
Spent
$1.6M
To programs
54%
Net assets
$4.9M
By yearFY2020–FY2025
Revenue
$2.0M
FY2021▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$2.0M
FY2022$2.4M
FY2023$2.4M
FY2024$2.0M
FY2025$3.2M
Expenses
$1.6M
FY2021▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.6M
FY2022$2.3M
FY2023$2.3M
FY2024$2.4M
FY2025$2.6M
Net assets
$4.9M
FY2021▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.4M
FY2021$4.9M
FY2022$4.6M
FY2023$4.6M
FY2024$4.2M
FY2025$4.7M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1973.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

54 cents of each dollar spent went to programs.

Program services 54% · $867K Management & general 25% · $393K Fundraising 21% · $341K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

24 people listed on the 990; $135K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Di
$134,998Pt VII · Sec A
Co-President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Jay Sanders’s $175K as Executive Director is at the 76th percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jay Sanders$175,000$175,000$175,000$134,997$134,998$142,606
Kelly Taxter$129,279$120,446————
Miriam Katzeff——$104,115———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Supports artists with exhibitions, commissions, and public programs.

Questions for Artists Space INC

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Provided by the organization

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1 program · $867K · in their own filed words · FY2020
01

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.

$867Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 24 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$1.1M
Other incomeLn 4–11$904K
Investment incomeLn 3$294
Money outPt IX
$1.6M
Ln 25
Programscol B$867K
Managementcol C$393K
Fundraisingcol D$341K
Owns and owesPt X
$4.9M
net assets · Ln 32
Cash and savingsLn 1–2$2.5M
Total assetsLn 16$6.8M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
24
listed · VII A
PaidVII A1
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$134K
Investment incomeLn 3$294
Other incomeLn 4–11$904K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$2.4M
SavingsLn 2$118K
Cash and savings togetherLn 1–2$2.5M
Land, buildings, equipmentLn 10c$3.4M
Other assetsLn 15$51K
Total assetsLn 16$6.8M
LiabilitiesLn 26$1.8M
Net assetsLn 32$4.9M
OperationsPt I, VI
EmployeesI 513
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.9M$2.5M
Land, buildings, equipmentLn 10c$3.4M$3.4M
Total assetsLn 16$6.5M$6.8M
LiabilitiesLn 26$2.1M$1.8M
Net assetsLn 32$4.4M$4.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$135K$54K$81K
Other salaries and wagesLn 7$306K$229K$43K$34K
Other employee benefitsLn 9$54K$28K$12K$14K
Payroll taxesLn 10$39K$20K$9K$10K
Accounting feesLn 11c$52K$52K
Other fees for servicesLn 11g$21K$15K$5K$360
Advertising and promotionLn 12$33K$33K
Office expensesLn 13$44K$21K$13K$10K
OccupancyLn 16$504K$262K$111K$131K
TravelLn 17$19K$17K$1K$2K
InterestLn 20$8K$4K$2K$2K
Depreciation, depletion and amortizationLn 22$67K$35K$15K$17K
InsuranceLn 23$15K$9K$4K$1K
Other expenses (24a–d)Ln 24$257K$180K$46K$30K
All other expensesLn 24e$48K$14K$26K$9K
Total functional expensesLn 25$1.6M$867K$393K$341K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.2M$2.6M$629K$4.7M 990 PDF
FY2024 $2.0M$2.4M−$444K$4.2M 990 PDF
FY2023 $2.4M$2.3M$34K$4.6M 990 PDF
FY2022 $2.4M$2.3M$120K$4.6M 990 PDF
FY2021 Viewing $2.0M$1.6M$399K$4.9M 990 PDF
FY2020 $2.2M$1.3M$927K$4.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $1,999,612 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,572,954$1,095,546
I-9 Program service revenue$0
I-10 Investment incomePrior year $659$294
I-11 Other revenuePrior year $660,720$903,772
I-12 Total revenuePrior year $2,234,333$1,999,612
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $667,579$533,224
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $639,934$1,067,307
I-18 Total expensesPrior year $1,307,513$1,600,531
I-19 Revenue less expensesPrior year $926,820$399,081
Part VI · Governance 23 of 23 board members independent, 1 to look at
VI-1a Voting members of the governing body23
VI-1b Independent voting members23
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,999,612 across 6 lines filed
Lines not itemized here account for $776,182 of total revenue; see the IRS return.
VIII-1e Government grants$134,334
VIII-1f All other contributions, gifts and grants$961,212
VIII-1h Total contributions, gifts and grants$1,095,546
VIII-3 Investment incomeExcluded from tax $294$294
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $127,590$127,590
VIII-12 Total revenueRelated to mission $903,772 · Excluded from tax $294$1,999,612
Part IX · Statement of functional expenses $1,600,531 across 15 lines filed
IX-5 Pay of current officers, directors and key staffManagement $54,000 · Fundraising $80,998$134,998
IX-7 Other salaries and wagesPrograms $229,224 · Management $42,979 · Fundraising $33,614$305,817
IX-9 Other employee benefitsPrograms $27,924 · Management $11,814 · Fundraising $13,962$53,700
IX-10 Payroll taxesPrograms $20,129 · Management $8,516 · Fundraising $10,064$38,709
IX-11c Accounting feesManagement $51,559$51,559
IX-11g Other fees for servicesPrograms $15,061 · Management $5,091 · Fundraising $360$20,512
IX-12 Advertising and promotionPrograms $33,115$33,115
IX-13 Office expensesPrograms $20,942 · Management $13,138 · Fundraising $9,988$44,068
IX-16 OccupancyPrograms $261,915 · Management $110,811 · Fundraising $130,956$503,682
IX-17 TravelPrograms $16,501 · Management $1,355 · Fundraising $1,600$19,456
IX-20 InterestPrograms $3,865 · Management $1,857 · Fundraising $1,933$7,655
IX-22 Depreciation, depletion and amortizationPrograms $34,850 · Management $14,745 · Fundraising $17,425$67,020
IX-23 InsurancePrograms $8,996 · Management $4,410 · Fundraising $1,350$14,756
IX-24 Other expenses (24a–d)Programs $180,459 · Management $46,373 · Fundraising $30,166$256,998
IX-24e All other expensesPrograms $14,097 · Management $25,886 · Fundraising $8,503$48,486
IX-25 Total functional expensesPrograms $867,078 · Management $392,534 · Fundraising $340,919$1,600,531
Part X · Balance sheet $6,760,161 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,785,462$2,381,477
X-2 Savings and temporary cash investmentsStart of year $117,173$117,700
X-3 Pledges and grants receivableStart of year $993,596$565,251
X-4 Accounts receivableStart of year $18,000$10,244
X-8 Inventories for sale or useStart of year $97,224$222,241
X-10c Land, buildings and equipment, netStart of year $3,440,975$3,412,397
X-15 Other assetsStart of year $53,431$50,851
X-16 Total assetsStart of year $6,505,861$6,760,161
X-17 Accounts payable and accrued expensesStart of year $103,468$328,090
X-24 Unsecured notes and loans payableStart of year $126,600$103,217
X-25 Other liabilitiesStart of year $426,908$145,131
X-26 Total liabilitiesStart of year $2,105,151$1,835,353
X-27 Net assets without donor restrictionsStart of year $3,653,906$4,349,312
X-28 Net assets with donor restrictionsStart of year $746,804$575,496
X-32 Total net assets or fund balancesStart of year $4,400,710$4,924,808
X-33 Total liabilities and net assetsStart of year $6,505,861$6,760,161
Part XI · Reconciliation of net assets $4,924,808 net assets at year end
XI-1 Total revenue$1,999,612
XI-2 Total expenses$1,600,531
XI-3 Revenue less expenses$399,081
XI-4 Net assets at start of year$4,400,710
XI-6 Donated services and use of facilities$125,017
XI-10 Net assets at end of year$4,924,808

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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