2025-11-08T06:48:27-08:00 2024-12-31 274265856 C Marc Martin CPA PO Box 1775 Midland TX 79702 990 2024-01-01 454737063 MIDLAND SHARED SPACES INC MIDL 4326850400 3500 N A STREET 1100 MIDLAND TX 79705 AUTUMN VEST EXECUTIVE DIR. 2025-11-08 true true C Marc Martin CPA P01428723 4326850094 X 2024 2025-03-06 01:10:19Z AUTUMN VEST 3500 N A STREET 1100 MIDLAND TX 79705 1280285 false X WWW.MIDLANDSHAREDSPACES.ORG X 2012 TX MIDLAND SHARED SPACES PROVIDES AFFORDABLE WORKSPACE FOR NONPROFITS AT BELOW MARKET RENTS IN A CLASS A FACILITY. ALSO PROVIDED IS ALL FURNITURE AND EQUIPMENT, HIGH TECH MEETING ROOMS FOR TRAININGS, SMALLER BOARD ROOMS, COMMERCIAL KITCHEN, AND BREAK ROOMS.MIDLAND SHARED SPACES PROVIDES ALL INORMATION TECHNOLOGY AND COMMUNICATION SERVICES AND EQUIPMENT FOR TENANT NONPROFITS AS WELL AS ONSITE TECHNICAL SERVICE AT BELOW MARKET RATES.MIDLAND SHARED SPACES PROVIDES COLLABORATIVE NETWORKING WITH TENANTS, THE NONPROFIT SECTOR AND THE COMMUNITY AT LARGE AS A CATALYST FOR FUNDAMENTAL AND LASTING CHANGES IN THE COMMUNITY.MIDLAND SHARED SPACES PROVIDES FISCAL SPONSORSHIP OPPORTUNITIES TO ORGANIZATIONS PURSUING TAX EXEMPT STATUS. 13 13 7 20 0 685966 662805 603465 565392 20508 33504 -13852 -26678 1296087 1235023 0 0 636209 658387 0 31819 839037 695001 1475246 1353388 -179159 -118365 7973029 7747984 160198 53518 7812831 7694466 MIDLAND SHARED SPACES ENHANCES NONPROFIT EFFICIENCY, PROVIDES AFFORDABLE WORKSPACE AND BACK OFFICE SERVICES AND FOSTERS COLLABORATIONS THAT BETTER SERVE THE NONPROFITS AND PEOPLE OF MIDLAND COUNTY. false false 979952 MIDLAND SHARED SPACES, INC. PROVIDES NONPROFIT ORGANIZATIONS IN MIDLAND COUNTY, TEXAS WITH MISSION-CRITICAL INFRASTRUCTURE, INCLUDING ADMINISTRATIVE OFFICES IN A CLASS A FACILITY AT A DISCOUNTED RATE. THE ORGANIZATION ALSO OFFERS SHARED SERVICES SUCH AS IT HARDWARE, NETWORK MANAGEMENT AND DEDICATED SUPPORT TO TENANT AGENCIES AND SELECT NONPROFITS OUTSIDE THE FACILITY. BY FOSTERING COLLABORATION AND SHARED RESOURCES, MIDLAND SHARED SPACES ENHANCES NONPROFIT EFFICIENCY AND SUSTAINABILITY.ANY annual deficit primarily REFLECTS non-cash depreciation, AND reserveS ARE MAINTAINED FOR facility UPKEEP and capital needs. 979952 true true false false false false false false false false true false false false true true true false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 0 0 false 7 true false false false false false true true false 0 false false false false false false false X 13 13 false false false false false false false true false false false true true true true true false true false false X MARC KONDRUP 4326850400 3500 N A STREET STE 1100 MIDLAND TX 79705 AUTUMN VEST EXECUTIVE DIR. 40.00 0.00 X 121200 0 0 GARY HIRES IT DIRECTOR 40.00 0.00 114875 0 0 MARC KONDRUP OPERATIONS DIR. 40.00 0.00 X 71108 0 0 CORY RICHARDSON Director 1.00 0.00 X 0 0 0 JOSEPH RAY HUGHES II IMMED PAST PRES 1.00 0.00 X X 0 0 0 ELISE KAIL Director 1.00 0.00 X 0 0 0 DAVID POOLE Treasurer 1.00 0.00 X X 0 0 0 KRYSTA HADLOCK Secretary 1.00 0.00 X X 0 0 0 ADAM HERNANDEZ Director 1.00 0.00 X 0 0 0 DAVID MEEK Director 1.00 0.00 X 0 0 0 MEGHAN BERRY Director 1.00 0.00 X 0 0 0 SUSANA NEALE PRESIDENT ELECT 1.00 0.00 X X 0 0 0 MARCEL CAMPOS Director 1.00 0.00 X 0 0 0 LAURYN HENDRIX President 1.00 0.00 X X 0 0 0 ALEX HALE Director 1.00 0.00 X 0 0 0 KOBY WEST Director 1.00 0.00 X 0 0 0 307183 2 false false false 0 106500 556305 662805 TENANT RENT/ SHARED SERV 565392 565392 565392 33504 33504 0 0 0 0 16927 106500 45262 -28335 -28335 0 0 OTHER REVENUE 1657 1657 1657 1235023 567049 5169 0 0 0 0 194892 61350 114053 19489 0 332003 252717 79286 0 91830 58562 30310 2958 39662 23619 14572 1471 0 24073 24073 16975 16975 0 0 0 13091 13091 0 25070 18745 4305 2020 65138 63599 1539 0 0 7534 170 6554 810 0 0 0 0 245992 232610 12044 1338 67751 59098 8313 340 REPAIRS & MAINTENANCE 148072 140954 7118 UTILITIES 59026 53534 2991 2501 OTHER 16870 10125 6123 622 COMMUNICATIONS 5409 4869 270 270 0 1353388 979952 341617 31819 316079 336696 810194 711558 0 2135 1476 0 0 0 0 21925 17358 10168043 3490725 6808592 6677318 0 0 0 0 14104 3578 7973029 7747984 146094 220 14104 53298 160198 53518 X 7577831 7484266 235000 210200 7812831 7694466 7973029 7747984 -118365 X false true X true false X 530001 1850588 472747 685966 662805 4202107 0 0 530001 1850588 472747 685966 662805 4202107 1839908 2362199 2266 368 3542 20508 33504 60188 0 2295 4254 5376 4254 1657 17836 4280131 0.55190 0.63190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 250000 250000 8659712 2362548 6297164 605551 525844 79707 652780 602333 50447 6677318 FUNDS HELD AS FISCAL AGENT 49720 OPERATING LEASE LIABILITY 3578 53298 X 1280285 1280285 -45262 -45262 1235023 1398650 45262 45262 1353388 1353388 Part X : FIN48 Footnote MIDLAND SHARED SPACES, INC. ADHERES TO ACCOUNTING STANDARDS FOR UNCERTAIN INCOME TAX POSITIONS WHICH WOULD REQUIRE ADDITIONAL DISCLOSURE. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. MIDLAND SHARED SPACES, INC. DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. Part XII, Line 2d: Other expenses and losses per audited F/S SPECIAL EVENT EXPENSES $45262 X X X X X false RHYTHM & BOOZE 64727 54000 10727 3948 10331 4500 4476 ANNIVERSARY GALA 58700 52500 6200 6997 10718 4292 123427 106500 16927 3948 17328 15218 8768 45262 -28335 Form 990, Part VI, Section B, Line 11b A COPY OF THE FORM 990 IS PROVIDED TO THE FULL BOARD PRIOR TO FILING. THE FORM 990 PREPARER PRESENTS THE FORM 990 TO THE BOARD AT THE REGULARLY SCHEDULED BOARD MEETING CLOSEST TO THE FILING DATE. THE BOARD REVIEWS AND APPROVES THE FORM 990 AT THE MEETING. THE FORM 990 IS FILED BY THE DUE DATE OR EXTENDED DUE DATE. Form 990, Part VI, Section B, Line 12c BOARD MEMBERS ARE ASKED TO ABSTAIN AND/OR RECUSE THEMSELVES WHEN THE DISCUSSION INVOLVES ANY ORGANIZATION OR MATTER WHERE THEY HAVE A CONFLICT OF INTEREST. BOARD MEMBERS ARE ASKED TO PROVIDE A WRITTEN STATEMENT THAT INCLUDES ORGANIZATIONS, COMPANIES OR OTHER MATTERS THAT MAY PRESENT A CONFLICT OF INTEREST. THE STATEMENTS ARE MAINTAINED ON FILE IN THE OFFICE OF THE ORGANIZATION. Form 990, Part VI, Section B, Line 15a THE EXECUTIVE COMMITTEE SERVES AS THE PERSONNEL COMMITTEE AND REVIEWS COMPARABLE SALARY DATA COMPILED BY INDEPENDENT ORGANIZATIONS THAT CONDUCT SALARY REVIEWS AND SURVEYS, CURRENT LOCAL MARKET CONDITIONS AND THE ORGANIZATIONS BUDGET TO DETERMINE APPROPRIATE SALARIES FOR THE EXECUTIVE DIRECTOR AND OTHER KEY PERSONNEL. Form 990, Part VI, Section C, Line 19 THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE ON A REQUEST BY REQUEST BASIS.