Indiespace INC FY2024 filing

Tax-deductible

Astoria, NY501(c)(3)Since 2015Arts & CultureEIN 47-4523884

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.
69¢ of each $1 spent went to programs.
$205K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$205K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
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
$16K
0.9% 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
$2.2M
+75% vs prior year
Spent
$1.2M
To programs
69%
Net assets
$1.7M
By yearFY2020–FY2025
Revenue
$2.2M
FY2024▲ +75%
Revenue by fiscal year
FY2020$187K
FY2021$136K
FY2022$1.5M
FY2023$1.2M
FY2024$2.2M
FY2025$3.4M
Expenses
$1.2M
FY2024▼ -7%
Expenses by fiscal year
FY2020$174K
FY2021$137K
FY2022$762K
FY2023$1.3M
FY2024$1.2M
FY2025$1.7M
Net assets
$1.7M
FY2024▲ +122%
Net assets by fiscal year
FY2020$330K
FY2021$78K
FY2022$849K
FY2023$746K
FY2024$1.7M
FY2025$3.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

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

69 cents of each dollar spent went to programs.

Program services 69% · $863K Management & general 26% · $321K Fundraising 5% · $59K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

16 people listed on the 990; $205K paid to officers and key staff.

Part VII, Section A · reportable compensation
Board Member/Executive Director
$133,752Pt VII · Sec A
Board Member/Programs Manager
$71,282Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$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 · 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.

See Indiespace INC executive salaries →

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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 15aNo

Programs and updates

Creates permanent real estate solutions for independent theaters.

Provided by the organization

This section is blank until Indiespace INC claims this page.

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1 program service account for $863K of program spending, described in the organization's own filed words · FY2024.
01

See schedule o.

$863Kprogram expense

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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 FY2024 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Gifts and grantsLn 1h$2.1M
Investment incomeLn 3$37K
Other incomeLn 4–11$20K
Money outPt IX
$1.2M
Ln 25
Programscol B$863K
Managementcol C$321K
Fundraisingcol D$59K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$140K
Total assetsLn 16$1.7M
LiabilitiesLn 26$16K
PeoplePt VI, VII
16
listed · VII A
PaidVII A2
Voting boardVI 1a16
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Government grantsLn 1e$5K
Fundraising eventsLn 1c$26K
Investment incomeLn 3$37K
Other incomeLn 4–11$20K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$136K
SavingsLn 2$4K
Cash and savings togetherLn 1–2$140K
InvestmentsLn 11–13$886K
Land, buildings, equipmentLn 10c$23K
Other assetsLn 15$17K
Total assetsLn 16$1.7M
LiabilitiesLn 26$16K
Net assetsLn 32$1.7M
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 FY24End FY24
Cash and savingsLn 1–2$588K$140K
InvestmentsLn 11–13$886K
Land, buildings, equipmentLn 10c$30K$23K
Total assetsLn 16$901K$1.7M
LiabilitiesLn 26$155K$16K
Net assetsLn 32$746K$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$276K$276K
Pay of current officers, directors and key staffLn 5$212K$170K$28K$14K
Other salaries and wagesLn 7$143K$107K$35K$0
Other employee benefitsLn 9$24K$18K$4K$930
Payroll taxesLn 10$29K$23K$5K$1K
Accounting feesLn 11c$74K$0$74K$0
Lobbying feesLn 11d$41K$41K$0$0
Other fees for servicesLn 11g$289K$155K$128K$6K
Advertising and promotionLn 12$2K$900$2K$0
OccupancyLn 16$12K$12K$0$0
TravelLn 17$6K$213$6K$0
Conferences, conventions and meetingsLn 19$5K$0$5K$0
Depreciation, depletion and amortizationLn 22$9K$7K$2K$343
InsuranceLn 23$6K$5K$1K$240
Other expenses (24a–d)Ln 24$106K$44K$25K$37K
All other expensesLn 24e$10K$4K$6K$58
Total functional expensesLn 25$1.2M$863K$321K$59K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.4M$1.7M$1.7M$3.4M 990 PDF
FY2024 Viewing $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $2,155,460 across 8 lines filed
VIII-1c Fundraising events$26,477
VIII-1e Government grants$5,000
VIII-1f All other contributions, gifts and grants$2,066,962
VIII-1h Total contributions, gifts and grants$2,098,439
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $37,202$37,202
VIII-6 Net rental income or lossExcluded from tax $6,915$6,915
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $12,904 · Unrelated business $0 · Excluded from tax $0$12,904
VIII-12 Total revenueRelated to mission $12,904 · Unrelated business $0 · Excluded from tax $44,117$2,155,460
Part IX · Statement of functional expenses $1,243,446 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $275,565$275,565
IX-5 Pay of current officers, directors and key staffPrograms $170,079 · Management $28,011 · Fundraising $14,006$212,096
IX-7 Other salaries and wagesPrograms $107,388 · Management $35,343 · Fundraising $0$142,731
IX-9 Other employee benefitsPrograms $18,426 · Management $4,207 · Fundraising $930$23,563
IX-10 Payroll taxesPrograms $22,979 · Management $5,247 · Fundraising $1,160$29,386
IX-11c Accounting feesPrograms $0 · Management $74,123 · Fundraising $0$74,123
IX-11d Lobbying feesPrograms $40,600 · Management $0 · Fundraising $0$40,600
IX-11g Other fees for servicesPrograms $155,262 · Management $128,418 · Fundraising $5,561$289,241
IX-12 Advertising and promotionPrograms $900 · Management $1,522 · Fundraising $0$2,422
IX-16 OccupancyPrograms $12,386 · Management $0 · Fundraising $0$12,386
IX-17 TravelPrograms $213 · Management $5,697 · Fundraising $0$5,910
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $4,543 · Fundraising $0$4,543
IX-22 Depreciation, depletion and amortizationPrograms $6,809 · Management $1,555 · Fundraising $343$8,707
IX-23 InsurancePrograms $4,766 · Management $1,088 · Fundraising $240$6,094
IX-24 Other expenses (24a–d)Programs $44,182 · Management $24,504 · Fundraising $37,167$105,853
IX-24e All other expensesPrograms $3,786 · Management $6,382 · Fundraising $58$10,226
IX-25 Total functional expensesPrograms $863,341 · Management $320,640 · Fundraising $59,465$1,243,446
Part X · Balance sheet $1,670,224 assets, 16 lines filed
Asset lines not itemized here account for $84,625; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $404,024$136,421
X-2 Savings and temporary cash investmentsStart of year $184,003$3,834
X-3 Pledges and grants receivableStart of year $239,000$490,100
X-9 Prepaid expenses and deferred charges$26,468
X-10c Land, buildings and equipment, netStart of year $29,784$22,916
X-11 Publicly traded securities$885,577
X-14 Intangible assetsStart of year $4,800$3,600
X-15 Other assetsStart of year $6,250$16,683
X-16 Total assetsStart of year $900,952$1,670,224
X-17 Accounts payable and accrued expensesStart of year $24,804$15,404
X-18 Grants payableStart of year $130,150$150
X-26 Total liabilitiesStart of year $154,954$15,554
X-27 Net assets without donor restrictionsStart of year $416,498$598,837
X-28 Net assets with donor restrictionsStart of year $329,500$1,055,833
X-32 Total net assets or fund balancesStart of year $745,998$1,654,670
X-33 Total liabilities and net assetsStart of year $900,952$1,670,224
Part XI · Reconciliation of net assets $1,654,670 net assets at year end
XI-1 Total revenue$2,155,460
XI-2 Total expenses$1,243,446
XI-3 Revenue less expenses$912,014
XI-4 Net assets at start of year$745,998
XI-5 Net unrealized gains (losses) on investments−$3,342
XI-10 Net assets at end of year$1,654,670

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

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