Artspace Projects INC FY2022 filing
Creates, fosters, and preserves affordable spaces and provides consulting services for artists, arts organizations, and creative communities nationwide. For fiscal year 2022 it reported $31.2M in revenue, $31.2M in expenses, and $28.1M in net assets.Pt I
- Founded
- 1978
- Type
- Public charity (501(c)(3)) · Arts & Culture
- Location
- Minneapolis, MN
- Website
- www.artspace.org
- Filings
- 5 on file (2020–2022)
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Summary of the Filing
Where the work happens
Real Estate Projects
Provides properties that are sensitive to the unique needs and environment necessary for artists, arts organizations, and arts venues, through wholly, or partially-owned limited partnerships which own commercial and/or residential properties.
Consulting and Strategic Partnerships
Provides a computerized registry and handout of spaces available for rent or purchase; consulting services to arts organizations and individual artists around the country; support on real estate development projects, community building, diversity in the arts, and neighborhood development and the arts.
Development
Develops artists' live/work space and cultural facilities with both public agencies and private groups by involvement in real estate projects as project coordinator, developer, co-developer, and general contractor; informs and educates the general public and key decision makers about projects and issues related to artists, space and art…
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
L Kelley Lindquist’s $272K as President is at the 34th percentile of top reported officer pay among 749 $10–100M 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 · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| L Kelley Lindquist | $271,989 | $239,316 | $248,606 | $226,084 | $224,441 |
| William Law | $201,793 | $201,610 | $211,860 | $204,002 | $203,690 |
| Greg Handberg | — | $192,998 | $202,648 | $191,803 | $176,186 |
| Greg Handberg Until Dec | $192,988 | — | — | — | — |
| Wendy Holmes | $150,212 | $189,398 | $192,136 | $184,017 | $183,691 |
| Kathleen Kvern | $156,404 | $156,395 | $164,604 | $151,430 | $142,461 |
| Beth Chalmers | $163,460 | — | — | — | — |
| Steve Stanley | — | — | $156,877 | $147,028 | $129,697 |
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
Statement of Functional Expenses
Balance Sheet
Grants
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