Spacetaker EIN 30-0223932

Spacetaker FY2020 filing

EIN  30-0223932 Public charity (501(c)(3)) Houston, TX
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Supports Houston artists and arts groups to thrive and connects people with art.
Leadership
Marci Dallas · Executive Director · $117K
Money in and out
$631K revenue, $771K expenses
Bottom line
89% program efficiency

Supports Houston artists and arts groups to thrive and connects people with art. For fiscal year 2020 it reported $631K in revenue, $771K in expenses, and $276K in net assets.Pt I

Where the money goes · FY2020
Total revenue
$631K
Pt VIII · Ln 12
Total expenses
$771K
Pt IX · Ln 25
Net assets
$276K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$141K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.07 Fundraising $0.03
Program efficiency
89%
of spending reaches programs
Operating runway
2.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-22%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$631K
FY2020
Expenses
$771K
FY2020
Total assets
$298K
FY2020
Total liabilities
$22K
FY2020
Total revenue
$631K
Pt VIII · Ln 12
Total expenses
$771K
Pt IX · Ln 25
Net assets
$276K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$141K
Total assetsPt X · Ln 16$298K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

3 program services account for $607K of program spending, described in the organization's own filed words · FY2020.
01

Arts District Houston

Through Fresh Arts' management of Arts District Houston, a state-designated cultural district that is home to 400+ local artists, Fresh Arts supports the local arts ecosystem by creating opportunities for artists to showcase thier work & for the public to particiapte in arts activities outside of traditional institutions.

$319Kprogram expense
02

Online Professional Development Resource Library

Fresh Arts provides on-demand web resources to enhance the marketing & promotion of artists' work & events as well as to strengthen artists' capacity to succeed in the business of art. Online and Face-To-Face Professional Development Workshops: Fresh Arts' in-person career building workshops offer Houston's artists a "nuts and bolts"…

$179Kprogram expense
03

Fiscal Sponsorship

Fresh Arts offers a Model C fiscal sponsorship program. As the fiscal sponsor, Fresh Arts provides fiduciary oversight, financial management, & other administrative services to help build the capacity of charitable projects.

$109Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSpacetaker
EINHdr · item D30-0223932
Principal addressHdr · item CHouston, TX
WebsiteHdr · item Jwww.fresharts.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20)
Ruling yearIRS BMFJun 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$117,417Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Marci Dallas’s $99K as Executive Director is at the 88th percentile of top reported officer pay among 2213 $100K–1M 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 · 1 named individual · Part VII

NameFY2021FY2020
Marci Dallas$99,206$117,417

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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Statement of Revenue

Part VIII
Contributions & grants$588K · 93%
Program service revenue$38K · 6%
Other revenue$5K · 1%
Contributions & grants93%$588K
Program service revenue6%$38K
Other revenue1%$5K
Investment income$10
— government grantsLn 1e$202K
Total revenueLn 12$631K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.07 Fundraising $0.03
Program services89%$689K
Management & general7%$57K
Fundraising3%$26K
Total functional expensesLn 25$771K

Balance Sheet

Part X · end of year
CashLn 1$179K
Total assetsLn 16$298K
Total liabilitiesLn 26$22K
Total net assetsLn 32$276K
Months of cash on handcomputed2.8

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $179K · Operating expenses (Pt IX) $771K · Less non-cash grants $900 · Cash operating expenses/yr $770K
2.8 months
Where the money goes
Program services
Program services $689K · Total expenses $771K
89%
Management & General
Management & general $57K · Total expenses $771K
7%
Fundraising
Fundraising $26K · Total expenses $771K
3%
Cost to raise $1
Fundraising expense $26K · Solicited contributions $385K
$0.07 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $588K · Total revenue $631K
93%
Government reliance
Government grants $202K · Total revenue $631K
32%
Earned-income share
Program service revenue $38K · Total revenue $631K
6%
Investment reliance
Investment income $10 · Total revenue $631K
0%
Program self-sufficiency
Program service revenue $38K · Total expenses $771K
5%
Growth & trend
Revenue growth (YoY)
This year $631K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $276K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $631K · Expenses $771K
-22%
Liabilities-to-Assets
Total liabilities — · Total assets $298K
Net-asset ratio
Net assets $276K · Total assets $298K
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $298K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Marci Dallas · Reported title Executive Director · Highest reported compensation $117K · Total expenses $771K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $346K · Total expenses $771K
45%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 7%
Fundraising cost ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 15 grants · $365K · 2020–2022
Up Art StudioFY2022$89,985
Unitemized GrantFY2022$68,563
Texas Salsa CongressFY2022$27,369
Garza StudiosFY2022$25,000
Monarch Chamber PlayersFY2022$23,351
Dance Afrikana LLCFY2022$11,077
Tazeen Zahida LLCFY2022$5,000
Unitemized GrantFY2021$47,187
Unitemized GrantFY2020$11,246
Unitemized GrantFY2020$11,160
Unitemized GrantFY2020$6,000
Unitemized GrantFY2020$5,512

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$967K revenue · ⤓ 990 PDF
FY2023$626K revenue · ⤓ 990 PDF
FY2022$1.0M revenue · ⤓ 990 PDF
FY2021$643K revenue · ⤓ 990 PDF
FY2020$631K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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