Artspace Projects Inc

Arts & culture organization based in Minneapolis, MN. 44 employees. Exempt under §501(c)(3).

MissionArtspace's Mission is to Create, Foster, and Preserve Affordable and Sustainable Housing and Work Space for Artists, Entrepreneurs, and the Creative Workforce.

EIN
41-1350071
State
MN
Sector
Arts & culture
Budget band
$25M–$50M
Latest filing
TY 2024
Records
9 officers · 6 years

Financial snapshot · TY 2024

$32.7M
Total revenue
$42.2M
Total expenses
$94.0M
Net assets

Financial health · TY 2024

37
Financial health needs attention
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
35
6.3 months of expenses
Program efficiency
9
53.4% spent on programs
Revenue diversity
98
Mix of program fees, grants & contributions

Leadership compensation

$295,535
29th percentile vs. peers
William Law
Chief Operating Officer
$226,348
50th percentile vs. peers
Greg Handberg Until Dec
Sr. VP - Properties
$214,051
56th percentile vs. peers
Beth Chalmers
Chief Financial Officer
$184,843
38th percentile vs. peers
Kathleen Kvern
Sr. VP - National Advancement
$180,306
56th percentile vs. peers

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Artspace Projects Inc Executive Compensation | 990 Data | DoubleNine