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      <InfoInScheduleOPartXIInd>X</InfoInScheduleOPartXIInd>
      <ReconcilationRevenueExpnssAmt>-581367</ReconcilationRevenueExpnssAmt>
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      <OtherChangesInNetAssetsAmt>-154316</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
      <FSAuditedBasisGrp>
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      <AuditCommitteeInd>true</AuditCommitteeInd>
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        <CurrentTaxYearAmt>79153</CurrentTaxYearAmt>
        <TotalAmt>3875383</TotalAmt>
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        <CurrentTaxYearMinus1YearAmt>895</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>4477</CurrentTaxYearAmt>
        <TotalAmt>17563</TotalAmt>
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      <Form990ScheduleAPartVIGrp>
        <FormAndLineReferenceDesc>PART II, LINE 10</FormAndLineReferenceDesc>
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          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
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    <IRS990ScheduleD documentId="RetDoc4">
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        <BookValueAmt>51800</BookValueAmt>
      </LandGrp>
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      </BuildingsGrp>
      <EquipmentGrp>
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        <DepreciationAmt>68462</DepreciationAmt>
        <BookValueAmt>1375</BookValueAmt>
      </EquipmentGrp>
      <TotalBookValueLandBuildingsAmt>1641725</TotalBookValueLandBuildingsAmt>
      <FootnoteTextInd>X</FootnoteTextInd>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 3, PART X</FormAndLineReferenceDesc>
        <ExplanationTxt>INCOME TAXES THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE (THE "CODE") AS A CHARITABLE ORGANIZATION WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 509(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. THE ORGANIZATION CURRENTLY HAS NO UNRELATED BUSINESS INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="RetDoc5">
      <GrantRecordsMaintainedInd>true</GrantRecordsMaintainedInd>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>GRANTS TO ARTISTS</GrantTypeTxt>
        <RecipientCnt>15</RecipientCnt>
        <CashGrantAmt>70500</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE I, PAGE 1, PART I, LINE 2</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ANDY WARHOL FOUNDATION FOR THE VISUAL ARTS REGIONAL REGRANTING PROGRAM AIMS TO SUPPORT VIBRANT, UNDER-THE-RADAR ARTISTIC ACTIVITY BY WORKING WITH LEADING CULTURAL INSTITUTIONS IN COMMUNITIES ACROSS THE COUNTRY. THE PROGRAM ALLOWS THE FOUNDATION TO REACH THE SIZABLE POPULATION OF INFORMAL, NON-INCORPORATED ARTIST COLLECTIVES AND TO SUPPORT THEIR ALTERNATIVE GATHERING SPACES, PUBLICATIONS, WEBSITES, EVENTS, AND OTHER PROJECTS. THE SATELLITE FUND, ADMINISTERED BY SPACES AND SUPPORTED BY THE ANDY WARHOL FOUNDATION FOR THE VISUAL ARTS, IS AN OPPORTUNITY FOR CUYAHOGA COUNTY ARTISTS, CURATORS, AND CULTURAL PRODUCERS TO CREATE A PUBLIC VISUAL ART PROJECT IN CUYAHOGA COUNTY. THIS GRANT IS NOT ONLY FOR ESTABLISHED VISUAL ARTISTS IN THE COMMUNITY, BUT ALSO FOR EMERGING ARTISTS, CREATIVE PROFESSIONALS, AND ANY CUYAHOGA COUNTY RESIDENT WITH A STRONG VISION AND DEMONSTRATED ABILITY TO COMPLETE THE PROPOSED PROJECT. THE SCOPE IS PURPOSEFULLY BROAD; WE WANT THIS OPPORTUNITY TO BE AS ACCESSIBLE AND FAR- REACHING AS POSSIBLE TO ENSURE WE REPRESENT CUYAHOGA COUNTY TO THE FULLEST. IN ADDITION TO FINANCIAL SUPPORT, SPACES WILL PROVIDE ACCESS TO OUR ON-SITE ARTIST WORKSHOPS THAT IS OUTFITTED WITH TOOLS AND EQUIPMENT TO FACILITATE THE PRODUCTION PROCESS. SPACES' CURATORIAL COORDINATOR WILL ALSO ASSIST GRANTEES IN SECURING A PUBLIC DISPLAY SPACE (OUTSIDE OF SPACES) IN CUYAHOGA COUNTY. ADDITIONALLY, AWARDEES WILL RECEIVE A ONE-YEAR SPACES ARTIST LEVEL MEMBERSHIP, WHICH GIVES FREE ACCESS TO NETWORKING AND ARTIST PROFESSIONAL DEVELOPMENT OPPORTUNITIES THROUGHOUT THE YEAR.</ExplanationTxt>
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    <IRS990ScheduleO documentId="RetDoc6">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 2, PART III, LINE 4A</FormAndLineReferenceDesc>
        <ExplanationTxt>SPACES COMMISSIONS ARTISTS FROM AROUND THE WORLD (AT ALL STAGES OF THEIR CAREERS) TO MAKE NEW WORK THAT IS RESPONSIVE TO TIMELY ISSUES. THROUGH OUR RESIDENCY &amp; EXHIBITION PROGRAM, WE PROVIDE COMPENSATION, SUPPORT, AND ACCESS TO RESOURCES FOR CULTURAL PRODUCERS WHO IMMERSE THEMSELVES IN CLEVELAND FOR UP TO EIGHT WEEKS. THROUGH OUR EGRANTING PROGRAMS, RESIDENCIES, AND PUBLIC PROGRAMS, WE GIVE ARTISTS THE KIND OF SUPPORT RARELY SEEN OUTSIDE MAJOR INSTITUTIONS, LEADING TO AMBITIOUS NEW PROJECTS THAT REACH AN INTERNATIONAL STAGE AND EXPAND ARTISTS' PRACTICES. IN 2002, SPACES ESTABLISHED OUR INTERNATIONAL ARTIST RESIDENCY MODEL. RESULTING PROGRAMMING IS PRESENTED QUARTERLY, WITH RESIDENT PROJECTS EXHIBITED INC CONJUCTION WITH OTHER ARTIST PROJECTS. OUR REGRANTING PROGRAMS INCLUDE THE SATELLITE FUND, ADMINISTERED BY SPACES AS A PART OF THE SUPPORT FOR ARTISTS FOR CUYAHOGA COUNTY ARTISTS, IN PARTNERSHIP WITH CUYAHOGA ARTS &amp; CULTURE. THESE GRANTS MAY GO TOWARD PRODUCTION EXPENSES AND ARTIST COMMISSION FOR THE CREATION OF "URGENT ART" THAT IS SOCIALLY, POLITICALLY, OR CULTURALLY RESPONSIVE. BY DESIGNATING FUNDS SPECIFICALLY FOR SUCH PROJECTS TAKING PLACE IN PUBLIC REALM, WE CAN HELP ARTISTS IMMEDIATELY ENGAGE THEIR COMMUNITY IN CREATIVE DIALOGUE ABOUT THE MOST PRESSING ISSUES. BY INFUSING OUR CULTURAL ECONOMY WITH EXHIBITIONS WITH AUDIENCEFORWARD PROGRAMMING CONTEXTUALIZED BY ONSITE, OFFSITE,AND DIGITAL EXHIBITIONS AND ARTIST PROJECTS. BY PROVIDING ACCESSIBLE WAYS OF LEARNING ABOUT ART, ARTISTS, AND CREATIVE PRODUCTION WE HELP FORGE CONNECTIONS AND UNDERSTANDING OF THE CULTURAL VALUE OF ART.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FORM 990 WAS REVIEWED BY THE EXECUTIVE DIRECTOR, BOARD PRESIDENT, FINANCE COMMITTEE, BOARD OF DIRECTORS, AND ACCOUNTANT.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE EXECUTIVE DIRECTOR'S COMPENSATION IS SUBJECT TO REVIEW AND IS DOCUMENTED BY THE BOARD OF TRUSTEES. SALARIES FOR EXECUTIVE DIRECTORS OF THE OTHER COMPARABLE ORGANIZATIONS WERE REVIEWED WITH A THIRD PARTY EXECUTIVE SEARCH CONSULTING FIRM IN SETTING THE SALARY LEVEL OF THE EXECUTIVE DIRECTOR.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>ANNUAL AUDITED FINANCIAL STATEMENTS AND/OR FORM 990 ARE AVAILABLE UPON REQUEST AT THE OFFICES OF SPACES INC.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9</FormAndLineReferenceDesc>
        <ExplanationTxt>PRIOR PERIOD ADJUSTMENT -154,316</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>