Space One Eleven INC FY2020 filing

Tax-deductible

Birmingham, AL501(c)(3)Arts & CultureEIN 57-0890249Revenue $815K in FY2020

On file with the IRSspaceoneeleven.org2409 2nd Ave N, 35203-3809 · Birmingham, ALTax-exempt since Nov 1989Publicly supported charity — 170(b)(1)(A)(vi)

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Our mission is to provide professional opportunities for artists, create a forum for public understanding of contemporary art, and offer arts education to area youth.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$85K 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

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $131K a year · 23% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$85K
to officers and key staff · 31% of spending
Concern: pay to officers and key staff is 31% of spending; over 30%.
Pt VII · Sec A
Cash reserves
36 mo
of spending, in cash
Looks good: 35.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $71K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$193K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$815K
Spent
$273K
To programs
95%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$815K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$815K
FY2021$448K
FY2022$711K
FY2023$347K
FY2024$556K
Expenses
$273K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$273K
FY2021$406K
FY2022$525K
FY2023$471K
FY2024$547K
Net assets
$1.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$1.4M
FY2023$1.3M
FY2024$1.3M

From the FY2020 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1989.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $261K Management & general 5% · $13K

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

11 people listed on the 990; $85K paid to officers and key staff.

Part VII, Section A · reportable compensation
Treasurer; Co-Founder, CEO
$85,057Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Peter Prinz’s $162K as Co-Founder, CEO is at the 99th percentile of top reported officer pay among 2216 $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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Peter Prinz$161,637$147,230$136,168$104,375$85,057

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

Offers artists professional opportunities, public art understanding, and arts education for youth.

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Provided by the organization

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2 programs · $261K · in their own filed words · FY2020
01

Education

provide free after school and summer art education programs to children of low income families.

$178Kprogram expense
02

Visual Arts

provision of exibition space for emerging artists.

$83Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$71K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$815K
Ln 12
Gifts and grantsLn 1h$756K
Other incomeLn 4–11$36K
Fees for servicesLn 2g$22K
Money outPt IX
$273K
Ln 25
Programscol B$261K
Managementcol C$13K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$819K
Total assetsLn 16$1.4M
LiabilitiesLn 26$193K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$756K
Government grantsLn 1e$113K
Fees for servicesLn 2g$22K
Investment incomeLn 3$2K
Other incomeLn 4–11$36K
Total revenueLn 12$815K
Assets in detailPt X, end of year
SavingsLn 2$819K
Cash and savings togetherLn 1–2$819K
Land, buildings, equipmentLn 10c$358K
Total assetsLn 16$1.4M
LiabilitiesLn 26$193K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 55
VolunteersI 621
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 FY20End FY20
Cash and savingsLn 1–2$333K$819K
Land, buildings, equipmentLn 10c$334K$358K
Total assetsLn 16$680K$1.4M
LiabilitiesLn 26$57K$193K
Net assetsLn 32$623K$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$85K$81K$4K
Other salaries and wagesLn 7$93K$88K$5K
Payroll taxesLn 10$15K$15K$774
Accounting feesLn 11c$2K$2K$98
Office expensesLn 13$3K$3K$148
OccupancyLn 16$10K$9K$490
TravelLn 17$303$288$15
Conferences, conventions and meetingsLn 19$560$532$28
InterestLn 20$2K$2K$116
Depreciation, depletion and amortizationLn 22$18K$17K$910
InsuranceLn 23$6K$5K$284
Other expenses (24a–d)Ln 24$33K$32K$575
All other expensesLn 24e$5K$5K$271
Total functional expensesLn 25$273K$261K$13K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $556K$547K$10K$1.3M 990 PDF
FY2023 $347K$471K−$124K$1.3M 990 PDF
FY2022 $711K$525K$186K$1.4M 990 PDF
FY2021 $448K$406K$43K$1.2M 990 PDF
FY2020 Viewing $815K$273K$542K$1.2M 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 FY2020 990 (6 parts)
Part I · Summary $815,334 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $240,757$756,102
I-9 Program service revenuePrior year $47,597$21,738
I-10 Investment incomePrior year $2,106$1,515
I-11 Other revenuePrior year $44,141$35,979
I-12 Total revenuePrior year $334,601$815,334
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $171,576$193,590
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $132,676$79,758
I-18 Total expensesPrior year $304,252$273,348
I-19 Revenue less expensesPrior year $30,349$541,986
Part VI · Governance 10 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
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 $815,334 across 8 lines filed
VIII-1e Government grants$113,437
VIII-1f All other contributions, gifts and grants$642,665
VIII-1h Total contributions, gifts and grants$756,102
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $21,738$21,738
VIII-3 Investment incomeExcluded from tax $1,515$1,515
VIII-6 Net rental income or lossRelated to mission $34,741$34,741
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,238$1,238
VIII-12 Total revenueRelated to mission $57,717 · Unrelated business $0 · Excluded from tax $1,515$815,334
Part IX · Statement of functional expenses $273,348 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $80,804 · Management $4,253$85,057
IX-7 Other salaries and wagesPrograms $88,404 · Management $4,653$93,057
IX-10 Payroll taxesPrograms $14,702 · Management $774$15,476
IX-11c Accounting feesPrograms $1,852 · Management $98$1,950
IX-13 Office expensesPrograms $2,819 · Management $148$2,967
IX-16 OccupancyPrograms $9,304 · Management $490$9,794
IX-17 TravelPrograms $288 · Management $15$303
IX-19 Conferences, conventions and meetingsPrograms $532 · Management $28$560
IX-20 InterestPrograms $2,212 · Management $116$2,328
IX-22 Depreciation, depletion and amortizationPrograms $17,282 · Management $910$18,192
IX-23 InsurancePrograms $5,401 · Management $284$5,685
IX-24 Other expenses (24a–d)Programs $32,003 · Management $575$32,578
IX-24e All other expensesPrograms $5,130 · Management $271$5,401
IX-25 Total functional expensesPrograms $260,733 · Management $12,615 · Fundraising $0$273,348
Part X · Balance sheet $1,358,373 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $332,532$818,802
X-3 Pledges and grants receivableStart of year $11,400$162,211
X-4 Accounts receivableStart of year $1,399$19,362
X-10c Land, buildings and equipment, netStart of year $334,431$357,998
X-16 Total assetsStart of year $679,762$1,358,373
X-17 Accounts payable and accrued expensesStart of year $5,674$9,219
X-26 Total liabilitiesStart of year $56,822$193,447
X-27 Net assets without donor restrictionsStart of year $580,347$832,231
X-28 Net assets with donor restrictionsStart of year $42,593$332,695
X-32 Total net assets or fund balancesStart of year $622,940$1,164,926
X-33 Total liabilities and net assetsStart of year $679,762$1,358,373
Part XI · Reconciliation of net assets $1,164,926 net assets at year end
XI-1 Total revenue$815,334
XI-2 Total expenses$273,348
XI-3 Revenue less expenses$541,986
XI-4 Net assets at start of year$622,940
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,164,926

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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