K Space Contemporary FY2022 filing

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Education & promotion of cultural fine arts to the local communities

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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 deficit $3K a year · 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$16K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 31 voting members
Concern: none of 31 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$373K
+97% vs prior year
Spent
$338K
To programs
72%
Net assets
$114K
By yearFY2020–FY2025
Revenue
$373K
FY2022▲ +97%
Tap a bar for its year
Revenue by fiscal year
FY2020$93K
FY2021$190K
FY2022$373K
FY2023$372K
FY2024$391K
FY2025$354K
Expenses
$338K
FY2022▲ +101%
Tap a bar for its year
Expenses by fiscal year
FY2020$131K
FY2021$168K
FY2022$338K
FY2023$370K
FY2024$386K
FY2025$399K
Net assets
$114K
FY2022▲ +43%
Tap a bar for its year
Net assets by fiscal year
FY2020$59K
FY2021$80K
FY2022$114K
FY2023$116K
FY2024$121K
FY2025$76K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 Sep 2003.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $244K Management & general 23% · $77K Fundraising 5% · $18K

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.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Co-Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Business Cha
$0Pt VII · Sec A
Co-Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Jennifer Arnold’s $515 as Art Chair is at the 0th 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.

See K Space Contemporary executive salaries →

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

Promotes and educates local communities in cultural fine arts.

Questions for K Space Contemporary

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3 programs · $244K · in their own filed words · FY2022
01

Cultural events are held to promote culture through the work of local artists, musicians and performers and to make it accessible to the general public. The dia de los muertos festival normally held in nov is an annual outdoor festival that covers 10 city blocks and features demonstrations by the art departments of local colleges, an art…

$198Kprogram expense
02

Educational programs offer opportunity to anyone interested in learning about art as well as those trying to improve their art skills. The programs bring hands-on multi-disciplinary art projects classes in mural arts, cultural dance, drawing, painting,and papier mache.

$28Kprogram expense
03

Exhibition of innovative contemporary art by local emerging & mid-career artists for the purpose of promoting their work and providing educational programs including a forum for new art forms. Featured exhibitions were held in various galleries held in january through september with visitors of approx. 8,750.

$18Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$25K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$373K
Ln 12
Gifts and grantsLn 1h$217K
Fees for servicesLn 2g$111K
Other incomeLn 4–11$44K
Money outPt IX
$338K
Ln 25
Programscol B$244K
Managementcol C$77K
Fundraisingcol D$18K
Owns and owesPt X
$114K
net assets · Ln 32
Cash and savingsLn 1–2$59K
Total assetsLn 16$130K
LiabilitiesLn 26$16K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a31
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$217K
Government grantsLn 1e$56K
Noncash giftsLn 1g$600
Fundraising eventsLn 1c$9K
Fees for servicesLn 2g$111K
Other incomeLn 4–11$44K
Total revenueLn 12$373K
Assets in detailPt X, end of year
CashLn 1$44K
SavingsLn 2$14K
Cash and savings togetherLn 1–2$59K
Accounts receivableLn 4$57K
Inventories for sale or useLn 8$4K
Land, buildings, equipmentLn 10c$11K
Total assetsLn 16$130K
LiabilitiesLn 26$16K
Net assetsLn 32$114K
OperationsPt I, VI
EmployeesI 58
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$67K$59K
Land, buildings, equipmentLn 10c$13K$11K
Total assetsLn 16$86K$130K
LiabilitiesLn 26$6K$16K
Net assetsLn 32$80K$114K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$79K$38K$31K$10K
Payroll taxesLn 10$6K$3K$2K$755
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$84K$83K$1K
Advertising and promotionLn 12$3K$2K$100$80
Office expensesLn 13$9K$4K$4K$1K
OccupancyLn 16$27K$27K
TravelLn 17$3K$3K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$5K$4K$1K
Other expenses (24a–d)Ln 24$85K$85K
All other expensesLn 24e$34K$21K$7K$5K
Total functional expensesLn 25$338K$244K$77K$18K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jul 10, 2026 $354K$399K−$44K$76K 990 PDF
FY2024Filed with the IRS Sep 8, 2025 $391K$386K$5K$121K 990 PDF
FY2023Filed with the IRS Nov 16, 2024 $372K$370K$2K$116K 990 PDF
FY2022 ViewingFiled with the IRS Nov 15, 2023 $373K$338K$34K$114K 990 PDF
FY2021Filed with the IRS Jan 12, 2023 $190K$168K$21K$80K 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $93K$131K−$38K$59K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $372,809 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $150,452$217,450
I-9 Program service revenuePrior year $15,005$111,130
I-10 Investment income$0
I-11 Other revenuePrior year $24,124$44,229
I-12 Total revenuePrior year $189,581$372,809
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $78,686$84,976
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $89,797$253,361
I-18 Total expensesPrior year $168,483$338,337
I-19 Revenue less expensesPrior year $21,098$34,472
Part VI · Governance 0 of 31 board members independent, 1 to look at
VI-1a Voting members of the governing body31
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $372,809 across 10 lines filed
Lines not itemized here account for $18,914 of total revenue; see the IRS return.
VIII-1b Membership dues$7,285
VIII-1c Fundraising events$9,154
VIII-1e Government grants$55,563
VIII-1f All other contributions, gifts and grants$145,448
VIII-1g Noncash contributions (included above)$600
VIII-1h Total contributions, gifts and grants$217,450
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $111,130$111,130
VIII-8 Net income from fundraising events$17,349
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $7,966$7,966
VIII-12 Total revenueRelated to mission $130,044 · Excluded from tax $7,966$372,809
Part IX · Statement of functional expenses $338,337 across 12 lines filed
IX-7 Other salaries and wagesPrograms $38,209 · Management $30,864 · Fundraising $9,864$78,937
IX-10 Payroll taxesPrograms $2,923 · Management $2,361 · Fundraising $755$6,039
IX-11c Accounting feesManagement $1,600$1,600
IX-11g Other fees for servicesPrograms $82,863 · Fundraising $1,000$83,863
IX-12 Advertising and promotionPrograms $2,449 · Management $100 · Fundraising $80$2,629
IX-13 Office expensesPrograms $4,015 · Management $3,807 · Fundraising $1,103$8,925
IX-16 OccupancyManagement $26,919$26,919
IX-17 TravelPrograms $2,794$2,794
IX-22 Depreciation, depletion and amortizationManagement $2,840$2,840
IX-23 InsurancePrograms $3,649 · Management $1,322$4,971
IX-24 Other expenses (24a–d)Programs $85,317$85,317
IX-24e All other expensesPrograms $21,447 · Management $6,705 · Fundraising $5,351$33,503
IX-25 Total functional expensesPrograms $243,666 · Management $76,518 · Fundraising $18,153$338,337
Part X · Balance sheet $129,912 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $52,256$44,260
X-2 Savings and temporary cash investmentsStart of year $14,273$14,273
X-4 Accounts receivableStart of year $2,500$56,700
X-8 Inventories for sale or useStart of year $3,540$3,798
X-10c Land, buildings and equipment, netStart of year $13,025$10,881
X-16 Total assetsStart of year $85,594$129,912
X-17 Accounts payable and accrued expensesStart of year $1,845$12,857
X-25 Other liabilitiesStart of year $3,906$2,739
X-26 Total liabilitiesStart of year $5,751$15,596
X-27 Net assets without donor restrictionsStart of year $79,843$114,316
X-32 Total net assets or fund balancesStart of year $79,843$114,316
X-33 Total liabilities and net assetsStart of year $85,594$129,912
Part XI · Reconciliation of net assets $114,316 net assets at year end
XI-1 Total revenue$372,809
XI-2 Total expenses$338,337
XI-3 Revenue less expenses$34,472
XI-4 Net assets at start of year$79,843
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$114,316

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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