Indiespace INC EIN 47-4523884 Form 990 (PDF) Claim this org

Indiespace INC FY2022 filing

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Creates permanent real estate solutions for independent theaters. For fiscal year 2022 it reported $1.5M in revenue, $762K in expenses, and $849K in net assets.Pt I

Founded
2015
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Astoria, NY
Website
www.indiespace.org
Filings
6 on file (2020–2022)
Revenue
$1.5MFY2022
Expenses
$762K
Net assets
$849K
People
15
Filings
6
Updates
0
More identity details & actions ⌄
EIN  47-4523884 Public charity (501(c)(3)) Astoria, NY Founded 2015
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Figures match the IRS filing checked 9/1/26 · see original: IRS
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Size
$1–10M
What they do
Creates permanent real estate solutions for independent theaters.
Leadership
Randi Berry · Executive Director · $76K
Money in and out
$1.5M revenue, $762K expenses
Bottom line
67% program efficiency
Where the money goes · FY2022
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$762K
Pt IX · Ln 25
Net assets
$849K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $771K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.23 Fundraising $0.10
Program efficiency
67%
of spending reaches programs
Operating runway
9.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+50%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$1.5M
FY2022▲ ×11
Expenses
$762K
FY2022▲ +455%
Total assets
$869K
FY2022▲ +545%
Total liabilities
$20K
FY2022▼ -65%
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$762K
Pt IX · Ln 25
Net assets
$849K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$771K
Total assetsPt X · Ln 16$869K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415
Mission & Programs · Part III

Where the work happens

1 program service account for $512K of program spending, described in the organization's own filed words · FY2022.
01

During the year the Organization worked with over 20 other organizations in our advisory and consulting program, helping them make real estate decisions for their organizations; we gave out hundreds of grants through our Mental Health Program, our pay our People and emergency fund.

$512Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIndiespace INC
EINHdr · item D47-4523884
Principal addressHdr · item CAstoria, NY
WebsiteHdr · item Jwww.indiespace.org
Year of formationHdr · item L2015
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A65)
Ruling yearIRS BMFNov 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$76,472Pt VII · Sec A
Programs Manager
$19,553Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Randi Berry’s $154K as Board Member/Executive Director is at the 68th percentile of top reported officer pay among 3916 $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 · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Randi Berry$154,429$133,752$122,231$50,000$50,000
Veshonte Brown$79,351$71,282$62,500
Randi Berry$76,472
Brea Clemons$33,365
Veshonte Brown$19,553
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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Statement of Revenue

Part VIII
Contributions & grants$1.5M · 98%
Other revenue$28K · 2%
Contributions & grants98%$1.5M
Other revenue2%$28K
— government grantsLn 1e$208K
Total revenueLn 12$1.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.23 Fundraising $0.10
Program services67%$512K
Management & general23%$176K
Fundraising10%$75K
Total functional expensesLn 25$762K

Balance Sheet

Part X · end of year
CashLn 1$569K
Total assetsLn 16$869K
Total liabilitiesLn 26$20K
Total net assetsLn 32$849K
Months of cash on handcomputed9.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $569K · Operating expenses/yr $762K
9.0 months
Where the money goes
Program services
Program services $512K · Total expenses $762K
67%
Management & General
Management & general $176K · Total expenses $762K
23%
Fundraising
Fundraising $75K · Total expenses $762K
10%
Cost to raise $1
Fundraising expense (3-yr avg) $33K · Solicited contributions (3-yr avg) $536K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.5M · Total revenue $1.5M
98%
Government reliance
Government grants $208K · Total revenue $1.5M
14%
Earned-income share
Program service revenue $0 · Total revenue $1.5M
0%
Investment reliance
Investment income $0 · Total revenue $1.5M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $762K
0%
Growth & trend
Revenue growth (YoY)
This year $1.5M · Prior year $136K
×11
Net-asset trend (YoY)
End of year $849K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.5M · Expenses $762K
+50%
Liabilities-to-Assets
Total liabilities — · Total assets $869K
Net-asset ratio
Net assets $849K · Total assets $869K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $869K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Randi Berry · Reported title Executive Director · Highest reported compensation $76K · Total expenses $762K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $173K · Total expenses $762K
23%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 67%
Overhead ratio 23%
Fundraising cost ratio 5%
Revenue growth ×11
Legal fee ratio 0.06%
Accounting fee ratio 5%

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 · FY2024
See all 14 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 EntropyNY · FY2025$10,000
Unitemized GrantFY2024$275,565
See all 38 grants →

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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)$3.4M revenue · ⤓ 990 PDF
FY2024$2.2M revenue · ⤓ 990 PDF
FY2023$1.2M revenue · ⤓ 990 PDF
FY2022$1.5M revenue · viewing · ⤓ 990 PDF
FY2021$136K revenue · ⤓ 990 PDF
FY2020$187K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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