Core New Art Space

Tax-deductible

Lakewood, CO501(c)(3)Arts & CultureEIN 84-0889737

To provide a venue for local artists to display their artwork to the community The gallery has member and open entry shows 12000 visitors

501(c)(3) charity; gifts are tax-deductible.
Run by 23 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · 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
3 of 5
filings with a surplus
Average surplus $2K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 17 voting members
Concern: none of 17 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$41K
+0.9% vs prior year
Spent
$43K
To programs
0%
Net assets
$24K
By yearFY2021–FY2025
Revenue
$41K
FY2025▲ +0.9%
Revenue by fiscal year
FY2021$43K
FY2022$30K
FY2023$51K
FY2024$41K
FY2025$41K
Expenses
$43K
FY2025▲ +6%
Expenses by fiscal year
FY2021$35K
FY2022$37K
FY2023$41K
FY2024$41K
FY2025$43K
Net assets
$24K
FY2025▼ -7%
Net assets by fiscal year
FY2021$22K
FY2022$15K
FY2023$25K
FY2024$25K
FY2025$24K

From the FY2025 Form 990 (year ending August 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1995.

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

Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Annex Rental Director
$0Pt VII · Sec A
Memberpublicity
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Memberwebsite
$0Pt VII · Sec A
Membermaintenance
$0Pt VII · Sec A
$0Pt VII · Sec A
Codirector
$0Pt VII · Sec A
See Core New Art Space 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

Showcases local artists' work to the community through member and open entry exhibitions.

Provided by the organization

This section is blank until Core New Art Space claims this page.

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1 program service account for $43K of program spending, described in the organization's own filed words · FY2024.
01

Co-op art gallery on a 3 week show schedule. Free to public. Gallery has member shows as well as open entry shows. Open entry shows are open to local and national artists.

$43Kprogram expense

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By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$41K
Ln 12
Fees for servicesLn 2g$17K
Gifts and grantsLn 1h$17K
Other incomeLn 4–11$7K
Money outPt IX
$43K
Ln 25
Owns and owesPt X
$24K
net assets · Ln 32
Cash and savingsLn 1–2$24K
Total assetsLn 16$27K
LiabilitiesLn 26$4K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$17K
Fees for servicesLn 2g$17K
Investment incomeLn 3$58
Other incomeLn 4–11$7K
Total revenueLn 12$41K
Assets in detailPt X, end of year
CashLn 1$24K
Cash and savings togetherLn 1–2$24K
Other assetsLn 15$1K
Total assetsLn 16$27K
LiabilitiesLn 26$4K
Net assetsLn 32$24K
OperationsPt I, VI
EmployeesI 50
VolunteersI 623
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$28K$24K
Total assetsLn 16$29K$27K
LiabilitiesLn 26$4K$4K
Net assetsLn 32$25K$24K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K
Advertising and promotionLn 12$925
Office expensesLn 13$493
OccupancyLn 16$34K
Other expenses (24a–d)Ln 24$7K
Total functional expensesLn 25$43K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $41K$43K−$2K$24K 990 PDF
FY2024 $41K$41K$509$25K 990 PDF
FY2023 $51K$41K$10K$25K 990 PDF
FY2022 $30K$37K−$7K$15K 990 PDF
FY2021 $43K$35K$9K$22K 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $41,446 across 7 lines filed
Lines not itemized here account for $6,838 of total revenue; see the IRS return.
VIII-1b Membership dues$15,845
VIII-1f All other contributions, gifts and grants$1,310
VIII-1h Total contributions, gifts and grants$17,155
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $17,395$17,395
VIII-3 Investment incomeRelated to mission $58$58
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $17,453 · Unrelated business $0 · Excluded from tax $0$41,446
Part IX · Statement of functional expenses $43,158 across 5 lines filed
IX-11c Accounting fees$1,400
IX-12 Advertising and promotion$925
IX-13 Office expenses$493
IX-16 Occupancy$33,763
IX-24 Other expenses (24a–d)$6,577
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$43,158
Part X · Balance sheet $27,463 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $28,180$23,760
X-9 Prepaid expenses and deferred charges$2,703
X-15 Other assetsStart of year $1,000$1,000
X-16 Total assetsStart of year $29,180$27,463
X-25 Other liabilitiesStart of year $3,732$3,726
X-26 Total liabilitiesStart of year $3,732$3,726
X-32 Total net assets or fund balancesStart of year $25,448$23,737
X-33 Total liabilities and net assetsStart of year $29,180$27,463
Part XI · Reconciliation of net assets $23,737 net assets at year end
XI-1 Total revenue$41,446
XI-2 Total expenses$43,158
XI-3 Revenue less expenses−$1,712
XI-4 Net assets at start of year$25,448
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$23,737

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

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