Artspace Projects Inc
Artspace's Mission is to Create, Foster, and Preserve Affordable and Sustainable Housing and Work Space for Artists, Entrepreneurs, and the Creative Workforce.
Key facts about Artspace Projects Inc
- EIN
- 41-1350071
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $728,939
- Grants made (2024)
- 7
- Average grant
- $104,134
- Median grant
- $75,000
- Total assets
- $93,960,270
- Primary geography
- Minnesota (59% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Artspace Projects Inc funds
By grant dollars, the top recipient states for Artspace Projects Inc's 7 itemized 2024 grants were Minnesota (59%), Wisconsin (10%) and South Dakota (10%). The most frequent recipient cities were Minneapolis, MN (3 grants). None of its 7 grants with a stated purpose were described as general or operating support. Recurring purposes include "Pathway Program Stipend" (6 grants).
How Artspace Projects Inc gives
- Giving fell 56% from 2021 to 2024. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Artspace Projects Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$94.0M
-4.8% YoY
Annual Giving
$729K
-62.2% YoY
Grant Count
7
+600.0% YoY
Avg Grant Size
$104K
-94.6% YoY
About Artspace Projects Inc
Based on IRS filings
Artspace Projects Inc is a nonprofit organization focused on Arts, Culture & Humanities, based in Minneapolis, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $94.0M in total assets. In 2024, it awarded 7 grants totaling $729K. Net investment income was $3.1M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 7 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $93,960,270 | $98,678,653 | $88,532,198 |
| Revenue | $32,698,123 | $29,143,430 | $31,237,243 |
| Expenses | $42,238,012 | $30,384,969 | $31,211,929 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $3,110,795 | $968,163 | $510,004 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include The Cowles Center ($278,939), Little Eagle Arts Foundation ($75,000), Native American Community Development Institute ($75,000).
| Recipient | Purpose | Amount |
|---|---|---|
| The Cowles Center Minneapolis, MN | Grant for Dance program. | $278,939 |
| Little Eagle Arts Foundation Wisconsin Dells, WI | Pathway Program Stipend | $75,000 |
| Native American Community Development Institute Minneapolis, MN | Pathway Program Stipend | $75,000 |
| Racing Magpie Rapid City, SD | Pathway Program Stipend | $75,000 |
| Rosy Simas Danse Inc Minneapolis, MN | Pathway Program Stipend | $75,000 |
| Zuni Youth Enrichement Project Zuni, NM | Pathway Program Stipend | $75,000 |
| First Nations Development Institute Longmont, CO | Pathway Program Stipend | $75,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| L Kelley Lindquist | President | 40 | $271,989 |
| William Law | Chief Operating Officer | 40 | $201,793 |
| Greg Handberg until Dec | Sr. VP - Properties | 50 | $192,988 |
| Beth Chalmers | Chief Financial Officer | 50 | $163,460 |
| Wendy Holmes | Sr. VP - Consulting | 50 | $150,212 |
| Kathleen Kvern | Sr. VP - National Advancement | 40 | $156,404 |
| Stacey Mickelson | VP - Governmental Relation | 40 | $149,530 |
| Naomi Chu | VP - Asset Management | 40 | $118,586 |
| Andrew Michaelson | VP - Properties | 40 | $108,160 |
| Betty Massey | Chair | 1 | — |
| Matthew E Damon | Vice Chair | 1 | — |
| Mary Margaret MacMillan | Immediate Past Chair | 1 | — |
| Gary Cunningham | Secretary | 1 | — |
| Barbara Portwood | Treasurer | 1 | — |
| Mark W Addicks | Board Member | 1 | — |
| Devon Akmon | Board Member | 1 | — |
| Osh Ashruf | Board Member | 1 | — |
| Peter Beard | Board Member | 1 | — |
| Terry Benelli | Board Member | 1 | — |
| Randall Boursheidt | Board Member | 1 | — |
| Diane Dalto | Board Member | 1 | — |
| Louis Lou DeMars | Board Member | 1 | — |
| Marie Feely | Board Member | 1 | — |
| Ian Friendly | Board Member | 1 | — |
| Roy Gabay | Board Member | 1 | — |
| Joe Gibbons | Board Member | 1 | — |
| Susan Kenny Stevens PhD | Board Member | 1 | — |
| Suzanne Kopplinger | Board Member | 1 | — |
| Peter A Lefferts | Board Member | 1 | — |
| Peggy Lucas | Board Member | 1 | — |
| Mark Manbeck | Board Member | 1 | — |
| Richard Martin Esq | Board Member | 1 | — |
| Dan C Mehls | Board Member | 1 | — |
| Sarah Oquist | Board Member | 1 | — |
| Ken Peterson | Board Member | 1 | — |
| Amit Poddar | Board Member | 1 | — |
| Elizabeth Redleaf | Board Member | 1 | — |
| Joel Ronning | Board Member | 1 | — |
| Christopher Scott | Board Member | 1 | — |
| Gloria Sewell | Board Member | 1 | — |
| Jason Stamm | Board Member | 1 | — |
| Chandler Wilson | Board Member | 1 | — |
| Irene Quarshie | Board Member | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Artspace Projects Inc?
Artspace Projects Inc is a nonprofit organization focused on Arts, Culture & Humanities, based in Minneapolis, MN. It holds $94.0M in total assets as of 2024.
How large is Artspace Projects Inc?
As of 2024, Artspace Projects Inc holds $94.0M in total assets with $32.7M in annual revenue. It awarded 7 grants totaling $729K in 2024.
Where does Artspace Projects Inc operate?
Artspace Projects Inc has awarded grants in Colorado, Minnesota, New Mexico, South Dakota, Wisconsin.
What size grants does Artspace Projects Inc award?
In 2024, Artspace Projects Inc awarded 7 grants totaling $729K — an average of about $104K per grant, based on its IRS Form 990 filings.
What is Artspace Projects Inc's EIN?
Artspace Projects Inc's EIN (Employer Identification Number) is 41-1350071. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.