Indiespace celebrates and centers independent theater-making in new york city. The organization provides radically transparent, responsive and equity-focused funding, real estate programs, professional development, and advocacy to individual artists, theater companies, and indie venues.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
Run by 14 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $549K a year · 38% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$235K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Plus $983K in investments, Pt X · Ln 11–13
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
15
named funders · $1.6M
Looks good: 15 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$34K
1.0% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 16 voting members
Looks good: 12 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.4M
+59% vs prior year
Spent
$1.7M
To programs
78%
Net assets
$3.4M
By yearFY2020–FY2025
Revenue
$3.4M
FY2025▲ +59%
Tap a bar for its year
Revenue by fiscal year
FY2020$187K
FY2021$136K
FY2022$1.5M
FY2023$1.2M
FY2024$2.2M
FY2025$3.4M
Expenses
$1.7M
FY2025▲ +38%
Tap a bar for its year
Expenses by fiscal year
FY2020$174K
FY2021$137K
FY2022$762K
FY2023$1.3M
FY2024$1.2M
FY2025$1.7M
Net assets
$3.4M
FY2025▲ +103%
Tap a bar for its year
Net assets by fiscal year
FY2020$330K
FY2021$78K
FY2022$849K
FY2023$746K
FY2024$1.7M
FY2025$3.4M

From the FY2025 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: FY2025. IRS ruling in Nov 2015.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $1.3M Management & general 16% · $282K Fundraising 5% · $86K

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; $235K paid to officers and key staff.

Part VII, Section A · reportable compensation
Board Member/Executive Director
$154,429Pt VII · Sec A
Board Member/Program Manager
$79,351Pt VII · Sec A
$800Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Randi Berry’s $154K as Board Member/Executive Director is at the 68th percentile of top reported officer pay among 3924 $1–10M 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Randi Berry$154,429$133,752$122,231$76,472$50,000$50,000
Veshonte Brown$79,351$71,282$62,500$19,553——
Brea Clemons————$33,365—
Maya Quetzali Gonzales$800—————

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

Creates permanent real estate solutions for independent theaters.

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1 program · $1.3M · in their own filed words · FY2025
01

See schedule o.

$1.3Mprogram 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 · FY2024
See all 15 funders →
Grants paid · 38 grants · $1.5M · 2020–2025
Unitemized GrantFY2025$225,500
Unitemized GrantFY2025$54,000
Bugingo Studios LLCFY2025$33,000
Unitemized GrantFY2025$22,000
Unitemized GrantFY2025$18,850
Unitemized GrantFY2025$18,000
Irt Theater INCNY · FY2025$10,100
Noosphere Arts INCNY · FY2025$10,100
St Lydia'sFY2025$10,100
Open Channels New York INCNY · FY2025$10,100
Brooklyn Arts Haus LLCFY2025$10,100
Ginger Goose INC DBA Qed AstoriaFY2025$10,100
The Little Victory TheaterFY2025$10,000
Dance Entropy INCNY · FY2025$10,000
Unitemized GrantFY2024$275,565
See all 38 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$3.4M
Ln 12
Gifts and grantsLn 1h$3.3M
Investment incomeLn 3$51K
Fees for servicesLn 2g$44K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.3M
Managementcol C$282K
Fundraisingcol D$86K
Owns and owesPt X
$3.4M
net assets · Ln 32
Cash and savingsLn 1–2$567K
Total assetsLn 16$3.4M
LiabilitiesLn 26$34K
PeoplePt VI, VII
16
listed · VII A
PaidVII A3
Voting boardVI 1a16
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.3M
Government grantsLn 1e$104K
Fees for servicesLn 2g$44K
Investment incomeLn 3$51K
Other incomeLn 4–11$11K
Gains on assetsLn 7$71
Total revenueLn 12$3.4M
Assets in detailPt X, end of year
CashLn 1$563K
SavingsLn 2$3K
Cash and savings togetherLn 1–2$567K
InvestmentsLn 11–13$983K
Land, buildings, equipmentLn 10c$16K
Other assetsLn 15$17K
Total assetsLn 16$3.4M
LiabilitiesLn 26$34K
Net assetsLn 32$3.4M
OperationsPt I, VI
EmployeesI 55
VolunteersI 614
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$140K$567K
InvestmentsLn 11–13$886K$983K
Land, buildings, equipmentLn 10c$23K$16K
Total assetsLn 16$1.7M$3.4M
LiabilitiesLn 26$16K$34K
Net assetsLn 32$1.7M$3.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$249K$249K
Grants to domestic individualsLn 2$332K$332K
Pay of current officers, directors and key staffLn 5$236K$173K$47K$16K
Other salaries and wagesLn 7$169K$141K$27K$0
Other employee benefitsLn 9$23K$18K$4K$874
Payroll taxesLn 10$32K$25K$6K$1K
Accounting feesLn 11c$74K$0$74K$0
Lobbying feesLn 11d$45K$45K$0$0
Other fees for servicesLn 11g$260K$177K$83K$0
Advertising and promotionLn 12$1K$750$557$0
OccupancyLn 16$6K$6K$0$0
TravelLn 17$9K$5K$5K$43
Conferences, conventions and meetingsLn 19$7K$0$7K$0
Depreciation, depletion and amortizationLn 22$10K$8K$2K$377
InsuranceLn 23$7K$6K$1K$284
Other expenses (24a–d)Ln 24$113K$31K$22K$60K
All other expensesLn 24e$142K$129K$4K$8K
Total functional expensesLn 25$1.7M$1.3M$282K$86K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $3.4M$1.7M$1.7M$3.4M 990 PDF
FY2024 $2.2M$1.2M$912K$1.7M 990 PDF
FY2023 $1.2M$1.3M−$103K$746K 990 PDF
FY2022 $1.5M$762K$771K$849K 990 PDF
FY2021 $136K$137K−$2K$78K 990 PDF
FY2020 $187K$174K$13K$330K 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 J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $3,416,881 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,098,439$3,311,065
I-9 Program service revenue$44,000
I-10 Investment incomePrior year $37,202$50,683
I-11 Other revenuePrior year $19,819$11,133
I-12 Total revenuePrior year $2,155,460$3,416,881
I-13 Grants and similar amounts paidPrior year $275,565$581,384
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $407,776$458,960
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $560,105$675,055
I-18 Total expensesPrior year $1,243,446$1,715,399
I-19 Revenue less expensesPrior year $912,014$1,701,482
Part VI · Governance 12 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,416,881 across 9 lines filed
VIII-1e Government grants$104,500
VIII-1f All other contributions, gifts and grants$3,206,565
VIII-1h Total contributions, gifts and grants$3,311,065
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$44,000
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $50,612$50,612
VIII-6 Net rental income or lossExcluded from tax $8,955$8,955
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $71$71
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,178 · Unrelated business $0 · Excluded from tax $0$2,178
VIII-12 Total revenueRelated to mission $46,178 · Unrelated business $0 · Excluded from tax $59,638$3,416,881
Part IX · Statement of functional expenses $1,715,399 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $249,034$249,034
IX-2 Grants to domestic individualsPrograms $332,350$332,350
IX-5 Pay of current officers, directors and key staffPrograms $173,409 · Management $46,630 · Fundraising $15,544$235,583
IX-7 Other salaries and wagesPrograms $141,136 · Management $27,452 · Fundraising $0$168,588
IX-9 Other employee benefitsPrograms $17,682 · Management $4,164 · Fundraising $874$22,720
IX-10 Payroll taxesPrograms $24,958 · Management $5,878 · Fundraising $1,233$32,069
IX-11c Accounting feesPrograms $0 · Management $74,000 · Fundraising $0$74,000
IX-11d Lobbying feesPrograms $45,300 · Management $0 · Fundraising $0$45,300
IX-11g Other fees for servicesPrograms $177,215 · Management $82,946 · Fundraising $0$260,161
IX-12 Advertising and promotionPrograms $750 · Management $557 · Fundraising $0$1,307
IX-16 OccupancyPrograms $6,383 · Management $0 · Fundraising $0$6,383
IX-17 TravelPrograms $4,762 · Management $4,572 · Fundraising $43$9,377
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $6,922 · Fundraising $0$6,922
IX-22 Depreciation, depletion and amortizationPrograms $7,645 · Management $1,801 · Fundraising $377$9,823
IX-23 InsurancePrograms $5,735 · Management $1,351 · Fundraising $284$7,370
IX-24 Other expenses (24a–d)Programs $30,900 · Management $21,789 · Fundraising $60,000$112,689
IX-24e All other expensesPrograms $129,184 · Management $4,433 · Fundraising $8,106$141,723
IX-25 Total functional expensesPrograms $1,346,443 · Management $282,495 · Fundraising $86,461$1,715,399
Part X · Balance sheet $3,386,616 assets, 15 lines filed
Asset lines not itemized here account for $88,506; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $136,421$563,149
X-2 Savings and temporary cash investmentsStart of year $3,834$3,415
X-3 Pledges and grants receivableStart of year $490,100$1,687,786
X-9 Prepaid expenses and deferred chargesStart of year $26,468$25,692
X-10c Land, buildings and equipment, netStart of year $22,916$16,093
X-11 Publicly traded securitiesStart of year $885,577$982,992
X-14 Intangible assetsStart of year $3,600$2,400
X-15 Other assetsStart of year $16,683$16,583
X-16 Total assetsStart of year $1,670,224$3,386,616
X-17 Accounts payable and accrued expensesStart of year $15,404$33,613
X-26 Total liabilitiesStart of year $15,554$33,613
X-27 Net assets without donor restrictionsStart of year $598,837$650,845
X-28 Net assets with donor restrictionsStart of year $1,055,833$2,702,158
X-32 Total net assets or fund balancesStart of year $1,654,670$3,353,003
X-33 Total liabilities and net assetsStart of year $1,670,224$3,386,616
Part XI · Reconciliation of net assets $3,353,003 net assets at year end
XI-1 Total revenue$3,416,881
XI-2 Total expenses$1,715,399
XI-3 Revenue less expenses$1,701,482
XI-4 Net assets at start of year$1,654,670
XI-5 Net unrealized gains (losses) on investments−$3,149
XI-10 Net assets at end of year$3,353,003

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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