Midland Shared Spaces EIN 45-4737063

Midland Shared Spaces FY2020 filing

EIN  45-4737063 Public charity (501(c)(3)) Midland, TX
Form 990 (PDF)
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Size
$1–10M
What they do
Offers affordable shared office space, technology, and networking for nonprofits.
Leadership
Autumn Vest · Executive Dir. · $96K
Money in and out
$1.0M revenue, $1.1M expenses
Bottom line
85% program efficiency

Offers affordable shared office space, technology, and networking for nonprofits. For fiscal year 2020 it reported $1.0M in revenue, $1.1M in expenses, and $8.4M in net assets.Pt I

Where the money goes · FY2020
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$8.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$79K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.12 Fundraising $0.02
Program efficiency
85%
of spending reaches programs
Operating runway
9.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$1.0M
FY2020
Expenses
$1.1M
FY2020
Total assets
$8.4M
FY2020
Total liabilities
$614
FY2020
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$8.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$79K
Total assetsPt X · Ln 16$8.4M
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

1 program service account for $950K of program spending, described in the organization's own filed words · FY2020.
01

Midland shared spaces, inc. Provides nonprofit organizations operating in midland county, texas with administrative and program offices in a class a facility at a discounted rate. Shared services including it hardware and support are also provided to tenant organizations as well as select nonprofits operating in midland county, texas but…

$950Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMidland Shared Spaces
EINHdr · item D45-4737063
Principal addressHdr · item CMidland, TX
WebsiteHdr · item Jwww.midlandsharedspaces.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S40)
Ruling yearIRS BMFFeb 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$96,171Pt VII · Sec A
Operations Dir.
$58,672Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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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Statement of Revenue

Part VIII
Contributions & grants$530K · 51%
Program service revenue$500K · 48%
Contributions & grants51%$530K
Program service revenue48%$500K
Investment income$2K
Other revenue$2K
— government grantsLn 1e$86K
Total revenueLn 12$1.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.12 Fundraising $0.02
Program services85%$950K
Management & general12%$136K
Fundraising2%$28K
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1$835K
Total assetsLn 16$8.4M
Total liabilitiesLn 26$614
Total net assetsLn 32$8.4M
Months of cash on handcomputed9.0

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $835K · Operating expenses/yr $1.1M
9.0 months
Where the money goes
Program services
Program services $950K · Total expenses $1.1M
85%
Management & General
Management & general $136K · Total expenses $1.1M
12%
Fundraising
Fundraising $28K · Total expenses $1.1M
2%
Cost to raise $1
Fundraising expense $28K · Solicited contributions $444K
$0.06 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $530K · Total revenue $1.0M
51%
Government reliance
Government grants $86K · Total revenue $1.0M
8%
Earned-income share
Program service revenue $500K · Total revenue $1.0M
48%
Investment reliance
Investment income $2K · Total revenue $1.0M
0%
Program self-sufficiency
Program service revenue $500K · Total expenses $1.1M
45%
Growth & trend
Revenue growth (YoY)
This year $1.0M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $8.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.0M · Expenses $1.1M
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $8.4M
Net-asset ratio
Net assets $8.4M · Total assets $8.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $8.4M
0%
People & payroll
Highest Reported Total Compensation
Individual Autumn Vest · Reported title EXECUTIVE DIR. · Highest reported compensation $96K · Total expenses $1.1M
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $498K · Total expenses $1.1M
45%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 12%
Fundraising cost ratio 5%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

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

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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)$1.2M revenue · ⤓ 990 PDF
FY2023$1.3M revenue · ⤓ 990 PDF
FY2022$982K revenue · ⤓ 990 PDF
FY2021$2.4M revenue · ⤓ 990 PDF
FY2020$1.0M 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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