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Nonprofit · EIN 94-2772520

ARTSPACE INC

Tax-exempt · SALT LAKE CTY, UT 84101

Financials

$6.1M$6.1M2023$5.9M$6.1M2024
Revenue Expenses · by fiscal year end
Financials of ARTSPACE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$5,907,294$6,051,741-$144,447$31,496,945$11,341,669$20,155,276
December 31, 2023990$6,085,723$6,149,978-$64,255$32,349,714$12,087,855$20,261,859
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$198,955
Program service revenue
$5,627,031
Investment income
$81,308
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$308,482
Other salaries and wages
$917,850
Salaries, compensation and benefits (total)
$1,349,752
Professional fundraising fees
$0
Legal fees
$7,845
Accounting fees
$56,270
Occupancy
$281,995
Travel
$20,797
Depreciation
$1,269,909
Program services (functional)
$5,527,997
Management and general (functional)
$348,669
Fundraising (functional)
$175,075

Balance sheet and other

Total assets, start of year
$32,349,714
Total assets, end of year
$31,496,945
Total liabilities, end of year
$11,341,669
Net assets, end of year
$20,155,276
Land, buildings and equipment
$26,446,096
Net assets without donor restrictions
$20,115,276
Net assets with donor restrictions
$40,000
Gross receipts
$5,907,294
Employees
4
Volunteers
11
Year formed
1980
State of legal domicile
UT

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JESSICA NORIEPRESIDENT
Officer
40$284,639$21,995
CYNTHIA FRANKEDEPUTY DIRECTOR
Highest-paid employee
40$140,000$12,345
ANNASTASIA KAESSNERDIRECTOR OF ASSET MANAGEMENT
Highest-paid employee
40$118,077$4,502
ELIZABETH EVENSENCHAIR
Trustee or director, Officer
1$0$0
JOHN MILLIKENSECRETARY/TREASURER
Trustee or director, Officer
1$0$0
ELIZABETH BRERETONBOARD MEMBER
Trustee or director
1$0$0
KIM HANNAYBOARD MEMBER
Trustee or director
1$0$0
ROBERT LAKEBOARD MEMBER
Trustee or director
1$0$0
WENDY LEONELLIBOARD MEMBER
Trustee or director
1$0$0
KATHIE MILLERBOARD MEMBER
Trustee or director
1$0$0
ALISON PTAKBOARD MEMBER
Trustee or director
1$0$0
IRA RUBENFELDBOARD MEMBER
Trustee or director
1$0$0
PAULA SANDLIANBOARD MEMBER
Trustee or director
1$0$0
JENNIFER SPEERSBOARD MEMBER
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensationOther / benefits
JESSICA NORIEPRESIDENT
Officer
40$276,319$19,183
CYNTHIA FRANKEDEPUTY DIRECTOR
Highest-paid employee
40$127,010$10,232
JENNIFER SPEERSCHAIR
Trustee or director, Officer
1$0$0
JOHN MILLIKENSECRETARY/TREASURER
Trustee or director, Officer
1$0$0
ELIZABETH EVENSENBOARD MEMBER
Trustee or director
1$0$0
ROBERT LAKEBOARD MEMBER
Trustee or director
1$0$0
WENDY LIONELLIBOARD MEMBER
Trustee or director
1$0$0
JIM GLENNBOARD MEMBER (THRU 11/23)
Trustee or director
1$0$0
PHILIP JEFFSBOARD MEMBER
Trustee or director
1$0$0
ALISON PTAKBOARD MEMBER
Trustee or director
1$0$0
KATHIE MILLERBOARD MEMBER
Trustee or director
1$0$0
KISTY MORRISBOARD MEMBER (THRU 11/23)
Trustee or director
1$0$0
IRA RUBINFELDBOARD MEMBER
Trustee or director
1$0$0
PAULA SANDLIANBOARD MEMBER
Trustee or director
1$0$0
ELIZABETH BRERETONBOARD MEMBER
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
230 S 500 W, SALT LAKE CTY, UT 84101-1129
In care of
% JESSICA NORIE
Principal officer (990 for 2024)
JESSICA NORIE, 230 S 500 W STE 235, SALT LAKE CITY, UT 84101
Signed the 990
JESSICA NORIE, PRESIDENT
Phone
(801) 355-0538
Return prepared by
EIDE BAILLY LLP

Mission

ARTSPACE CREATES AFFORDABLE LIVING AND WORK SPACE FOR ARTISTS, CULTURAL ORGANIZATIONS, NON-PROFITS AND OTHERS TO REVITALIZE AND PROMOTE STABLE, VIBRANT AND SAFE COMMUNITIES. ARTSPACE ALSO UTILIZES NEW MARKETS TAX CREDITS IN LOW INCOME COMMUNITIES.

990 for the year ended December 31, 2024

Program accomplishments

  • HOUSING - REVITALIZING THE COMMUNITY AND PROVIDING AFFORDABLE RENTAL UNITS TO LOW AND MODERATE INCOME TENANTS THROUGH BUILDING RENOVATIONS AND IMPROVEMENTS. COMMUNITY REDEVELOPMENT PROJECTS AND CREATION OF NEW AFFORDABLE HOUSING PROJECTS.
    Expenses $5,527,997 · revenue $5,627,031

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
94-2772520
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1983
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$31,496,945
Income (IRS master file)
$5,907,294

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$5,907,294$6,051,741$31,496,945XML
990December 2023$6,085,723$6,149,978$32,349,714XML
990December 2022$7,535,260$5,146,631$35,152,188IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-2772520).

Questions about ARTSPACE INC

What is the EIN of ARTSPACE INC?
The employer identification number (EIN) of ARTSPACE INC is 94-2772520.
Is ARTSPACE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
Are donations to ARTSPACE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ARTSPACE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ARTSPACE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ARTSPACE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ARTSPACE INC?
The 990 for the year ended December 31, 2024 names JESSICA NORIE.
Who are the officers and directors of ARTSPACE INC?
The 990 for the year ended December 31, 2024 lists 14 people; 3 received compensation from the organization, the highest $284,639 (JESSICA NORIE, PRESIDENT).
How much revenue does ARTSPACE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $5,907,294, expenses of $6,051,741 and total assets of $31,496,945 at year end.

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