Midland Shared Spaces provides affordable workspace for nonprofits at below market rents in a class a facility. Also provided is all furniture and equipment, high tech meeting rooms for trainings, smaller board rooms, commercial kitchen, and break rooms.Midland Shared Spaces provides all inormation technology and communication services and equipment for tenant nonprofits as well as onsite technical service at below market rates.Midland Shared Spaces provides collaborative networking with tenants, the nonprofit sector and the community at large as a catalyst for fundamental and lasting changes in the community.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Run by 20 volunteers and 9 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $166K a year · 12% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$307K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
9 mo
of spending, in cash
Looks good: 9.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$54K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
-5% vs prior year
Spent
$1.4M
To programs
72%
Net assets
$7.7M
By yearFY2020–FY2024
Revenue
$1.2M
FY2024▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.0M
FY2021$2.4M
FY2022$982K
FY2023$1.3M
FY2024$1.2M
Expenses
$1.4M
FY2024▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$1.4M
FY2022$2.4M
FY2023$1.5M
FY2024$1.4M
Net assets
$7.7M
FY2024▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$8.4M
FY2021$9.4M
FY2022$8.0M
FY2023$7.8M
FY2024$7.7M

From the FY2024 Form 990 · 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: FY2024. IRS ruling in Feb 2013.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $980K Management & general 25% · $342K Fundraising 2% · $32K

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

16 people listed on the 990; $307K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$121,200Pt VII · Sec A
IT Director
$114,875Pt VII · Sec A
Operations Dir.
$71,108Pt VII · Sec A
$0Pt VII · Sec A
Immed Past Pres
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Autumn Vest’s $121K as Executive Dir. is at the 31st percentile of top reported officer pay among 2832 $1–10M community development 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
John a Trischitti——$144,530——
Autumn Vest$121,200$119,998$109,637$100,032$96,171
Gary Hires$114,875$116,042$107,296——
Marc Kondrup$71,108$71,042$64,938$61,481$58,672

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

Programs and updates

Offers affordable shared office space, technology, and networking for nonprofits.

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Provided by the organization

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1 program · $980K · in their own filed words · FY2024
01

Midland shared spaces, inc. Provides nonprofit organizations in midland county, texas with mission-critical infrastructure, including administrative offices in a class a facility at a discounted rate.

$980Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 1 grant · $521K · 2022–2022
LcpbTX · FY2022$521,336

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$663K
Fees for servicesLn 2g$565K
Investment incomeLn 3$34K
Money outPt IX
$1.4M
Ln 25
Programscol B$980K
Managementcol C$342K
Fundraisingcol D$32K
Owns and owesPt X
$7.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$7.7M
LiabilitiesLn 26$54K
PeoplePt VI, VII
16
listed · VII A
PaidVII A3
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$663K
Fundraising eventsLn 1c$106K
Fees for servicesLn 2g$565K
Investment incomeLn 3$34K
Gains on assetsLn 7$0
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$337K
SavingsLn 2$712K
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$6.7M
Other assetsLn 15$4K
Total assetsLn 16$7.7M
LiabilitiesLn 26$54K
Net assetsLn 32$7.7M
OperationsPt I, VI
EmployeesI 59
VolunteersI 620
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$1.1M$1.0M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$6.8M$6.7M
Total assetsLn 16$8.0M$7.7M
LiabilitiesLn 26$160K$54K
Net assetsLn 32$7.8M$7.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$195K$61K$114K$19K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$332K$253K$79K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$92K$59K$30K$3K
Payroll taxesLn 10$40K$24K$15K$1K
Management feesLn 11a$0
Legal feesLn 11b$24K$24K
Accounting feesLn 11c$17K$17K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$13K$13K
Advertising and promotionLn 12$0
Office expensesLn 13$25K$19K$4K$2K
Information technologyLn 14$65K$64K$2K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$8K$170$7K$810
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$246K$233K$12K$1K
InsuranceLn 23$68K$59K$8K$340
Other expenses (24a–d)Ln 24$229K$209K$17K$3K
All other expensesLn 24e$0
Total functional expensesLn 25$1.4M$980K$342K$32K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.2M$1.4M−$118K$7.7M 990 PDF
FY2023 $1.3M$1.5M−$179K$7.8M 990 PDF
FY2022 $982K$2.4M−$1.4M$8.0M 990 PDF
FY2021 $2.4M$1.4M$988K$9.4M 990 PDF
FY2020 $1.0M$1.1M−$79K$8.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,235,023 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $685,966$662,805
I-9 Program service revenuePrior year $603,465$565,392
I-10 Investment incomePrior year $20,508$33,504
I-11 Other revenuePrior year −$13,852−$26,678
I-12 Total revenuePrior year $1,296,087$1,235,023
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $636,209$658,387
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $839,037$695,001
I-18 Total expensesPrior year $1,475,246$1,353,388
I-19 Revenue less expensesPrior year −$179,159−$118,365
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $1,235,023 across 11 lines filed
VIII-1c Fundraising events$106,500
VIII-1f All other contributions, gifts and grants$556,305
VIII-1h Total contributions, gifts and grants$662,805
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $565,392$565,392
VIII-3 Investment incomeExcluded from tax $33,504$33,504
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax −$28,335−$28,335
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,657$1,657
VIII-12 Total revenueRelated to mission $567,049 · Excluded from tax $5,169$1,235,023
Part IX · Statement of functional expenses $1,353,388 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $61,350 · Management $114,053 · Fundraising $19,489$194,892
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $252,717 · Management $79,286$332,003
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $58,562 · Management $30,310 · Fundraising $2,958$91,830
IX-10 Payroll taxesPrograms $23,619 · Management $14,572 · Fundraising $1,471$39,662
IX-11a Management fees$0
IX-11b Legal feesManagement $24,073$24,073
IX-11c Accounting feesManagement $16,975$16,975
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $13,091$13,091
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $18,745 · Management $4,305 · Fundraising $2,020$25,070
IX-14 Information technologyPrograms $63,599 · Management $1,539$65,138
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $170 · Management $6,554 · Fundraising $810$7,534
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $232,610 · Management $12,044 · Fundraising $1,338$245,992
IX-23 InsurancePrograms $59,098 · Management $8,313 · Fundraising $340$67,751
IX-24 Other expenses (24a–d)Programs $209,482 · Management $16,502 · Fundraising $3,393$229,377
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $979,952 · Management $341,617 · Fundraising $31,819$1,353,388
Part X · Balance sheet $7,747,984 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $316,079$336,696
X-2 Savings and temporary cash investmentsStart of year $810,194$711,558
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $2,135$1,476
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $21,925$17,358
X-10c Land, buildings and equipment, netStart of year $6,808,592$6,677,318
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $14,104$3,578
X-16 Total assetsStart of year $7,973,029$7,747,984
X-17 Accounts payable and accrued expensesStart of year $146,094$220
X-25 Other liabilitiesStart of year $14,104$53,298
X-26 Total liabilitiesStart of year $160,198$53,518
X-27 Net assets without donor restrictionsStart of year $7,577,831$7,484,266
X-28 Net assets with donor restrictionsStart of year $235,000$210,200
X-32 Total net assets or fund balancesStart of year $7,812,831$7,694,466
X-33 Total liabilities and net assetsStart of year $7,973,029$7,747,984
Part XI · Reconciliation of net assets $7,694,466 net assets at year end
XI-1 Total revenue$1,235,023
XI-2 Total expenses$1,353,388
XI-3 Revenue less expenses−$118,365
XI-4 Net assets at start of year$7,812,831
XI-10 Net assets at end of year$7,694,466

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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