Vector Space EIN 47-3633116

Vector Space FY2020 filing

EIN  47-3633116 Public charity (501(c)(3)) Lynchburg, VA Founded 2015
Form 990 (PDF)
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Size
$100K–1M
What they do
Fosters innovation and creativity through an open, collaborative community for science-based knowledge.
Leadership
Adam Spontarelli · Director of Education · $20K
Money in and out
$236K revenue, $160K expenses
Bottom line
75% program efficiency

Fosters innovation and creativity through an open, collaborative community for science-based knowledge. For fiscal year 2020 it reported $236K in revenue, $160K in expenses, and $137K in net assets.Pt I

Where the money goes · FY2020
Total revenue
$236K
Pt VIII · Ln 12
Total expenses
$160K
Pt IX · Ln 25
Net assets
$137K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $76K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.20 Fundraising $0.04
Program efficiency
75%
of spending reaches programs
Operating runway
9.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+32%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$236K
FY2020
Expenses
$160K
FY2020
Total assets
$137K
FY2020
Total liabilities
$493
FY2020
Total revenue
$236K
Pt VIII · Ln 12
Total expenses
$160K
Pt IX · Ln 25
Net assets
$137K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$76K
Total assetsPt X · Ln 16$137K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

2 program services account for $121K of program spending, described in the organization's own filed words · FY2020.
01

Student Projects and Workshops

Projects-served in-depth, hands-on learning experiences for teens coached by professionals in stem fields. Each project is 25-40 hours in length and culminates in a finished project, public event, or performance. Students served skills-based learning for teens and adults.

$120Kprogram expense
02

Outreach Events

Includes monthly open house activities (first fridays), a free, family-friendly maker faire, and the hill city robot combat competition. All outreach events are free and open to the public

$549program expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CVector Space
EINHdr · item D47-3633116
Principal addressHdr · item CLynchburg, VA
WebsiteHdr · item Jwww.vector-space.org
Year of formationHdr · item L2015
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A90)
Ruling yearIRS BMFAug 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director of Education
$20,041Pt VII · Sec A
Executive Director
$20,041Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Recording Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Adam Spontarelli’s $23K as Director of Education is at the 19th 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Adam Spontarelli$23,400$19,500$20,000$19,500$24,445$20,041
Elise Spontarelli$23,400$19,500$20,000$20,041$20,550$20,041

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$206K · 87%
Program service revenue$19K · 8%
Other revenue$12K · 5%
Contributions & grants87%$206K
Program service revenue8%$19K
Other revenue5%$12K
Investment income$60
— government grantsLn 1e$27K
Total revenueLn 12$236K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.20 Fundraising $0.04
Program services75%$121K
Management & general20%$33K
Fundraising4%$7K
Total functional expensesLn 25$160K

Balance Sheet

Part X · end of year
CashLn 1$122K
Total assetsLn 16$137K
Total liabilitiesLn 26$493
Total net assetsLn 32$137K
Months of cash on handcomputed9.1

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $122K · Operating expenses/yr $160K
9.1 months
Where the money goes
Program services
Program services $121K · Total expenses $160K
75%
Management & General
Management & general $33K · Total expenses $160K
20%
Fundraising
Fundraising $7K · Total expenses $160K
4%
Cost to raise $1
Fundraising expense $7K · Solicited contributions $178K
$0.04 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $206K · Total revenue $236K
87%
Government reliance
Government grants $27K · Total revenue $236K
12%
Earned-income share
Program service revenue $19K · Total revenue $236K
8%
Investment reliance
Investment income $60 · Total revenue $236K
0%
Program self-sufficiency
Program service revenue $19K · Total expenses $160K
12%
Growth & trend
Revenue growth (YoY)
This year $236K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $137K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $236K · Expenses $160K
+32%
Liabilities-to-Assets
Total liabilities — · Total assets $137K
Net-asset ratio
Net assets $137K · Total assets $137K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $137K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Elise Spontarelli · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $20K · Total expenses $160K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $47K · Total expenses $160K
29%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 20%
Fundraising cost ratio 3%
Accounting 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 · funders on record
Grants received · FY2024
See all 5 funders →

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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
FY2025 (Latest)$385K revenue · ⤓ 990 PDF
FY2024$437K revenue · ⤓ 990 PDF
FY2023$626K revenue · ⤓ 990 PDF
FY2022$452K revenue · ⤓ 990 PDF
FY2021$278K revenue · ⤓ 990 PDF
FY2020$236K 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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