SPACE Gallery

Nonprofit profile at a glance

EIN
510432635
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Portland, ME, USA
Phone
2078285600
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Science and Technology Museums

Official website

Reported finances

Revenue
$1,133,164
Expenses
$1,121,164
Assets
$1,505,377
Liabilities
$729,459

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • Christopher Stiegler (President (Outgoing))
  • Oronde Cruger (Vice President)
  • Amy Parker (President (Incoming))
  • Kelsey Halliday Johnson (Executive Director)

Highest reported compensation

  • Kelsey Halliday Johnson (Executive Director): $64,988 total reported compensation
  • Pam Chevez (Director): $1,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

SPACE Gallery is a nonprofit organization that supports contemporary arts projects, champions artists, and encourages an open exchange of ideas.

What it reported doing in 2024

SPACE's Congress Street landmark building is also home to 31 below-market artist studios, including a collective printmaking shop and an artist residency studio. Studios are offered annually via a Rent Free Studio program to outstanding local artists who are Black, Indigenous, or another identity of color, selected by a local jury of alumni of the program. SPACE maintains and identifies as an active artist community, offering programmatic opportunities including open studios, classes, artist talks, workshops, subsidized studios, and artist residencies for Maine and national artists.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 90% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 94
  • Accountability: 75
  • Sustainability: 41
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.9%; rating input score 74
  • Program expense ratio: 74.7%; rating input score 75
  • Fundraising efficiency: $8.44 raised per $1 spent on fundraising; rating input score 32; 32nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.6%; rating input score 100; 50th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 92.9%; rating input score 93; 24th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 1.1%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 1.34; rating input score 52; 52nd percentile among comparable filings
  • Liabilities to assets ratio: 0.48; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 5.9%; rating input score 50; 50th percentile among comparable filings

Growth

  • Program expense growth: 7.6% per year; rating input score 100; 54th percentile among comparable filings
  • Revenue growth: 4.7% per year; rating input score 100; 42nd percentile among comparable filings
  • Asset growth: 4.5% per year; rating input score 100; 36th percentile among comparable filings

Details

  • Where the money goes: 73.9% of revenue deployed · 74.7% of spending went to programs
  • Governance: 13 of 14 board members independent · 4 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $837K in reported program spending
  • Leadership: top reported pay $65K · 14 people listed
  • Consistency: 32 of 32 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 11 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 32/100.
  • Moderate — Sustainability: Operating margin scored 39/100.
  • Review — Sustainability: Total-asset coverage ratio scored 52/100.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.
  • Review — Sustainability: Officer compensation ratio scored 50/100.