Artspace Projects Inc

MINNEAPOLIS, MN EIN: 41-1350071 Website

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

Financial Overview

From 2024 IRS Form 990-PF

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

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$12M$23M$35M$46M20202021202220232024
Metric202420232022
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

Giving Over Time

Total grant dollars and number of grants per year

$0$483K$965K$1M$2M1 grants20202 grants20211 grants20221 grants20237 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

The Cowles Center$279KLittle Eagle Arts Founda…$75KNative American Communit…$75KRacing Magpie$75KRosy Simas Danse Inc$75KZuni Youth Enrichement P…$75KFirst Nations Developmen…$75K

Grant Size Distribution

12 grants across all recorded years

1<$50K6$50–100K$100–250K1$250–500K2$500K–1M2$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does Artspace Projects Inc fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

L Kelley LindquistPresident$272KWilliam LawChief Operating Officer$202KGreg Handberg until …Sr. VP - Properties$193KBeth ChalmersChief Financial Officer$163KKathleen KvernSr. VP - National Advancement$156KWendy HolmesSr. VP - Consulting$150KStacey MickelsonVP - Governmental Relation$150KNaomi ChuVP - Asset Management$119KAndrew MichaelsonVP - Properties$108K

From 2024 filing

NameTitleHoursCompensation
L Kelley LindquistPresident40$271,989
William LawChief Operating Officer40$201,793
Greg Handberg until DecSr. VP - Properties50$192,988
Beth ChalmersChief Financial Officer50$163,460
Wendy HolmesSr. VP - Consulting50$150,212
Kathleen KvernSr. VP - National Advancement40$156,404
Stacey MickelsonVP - Governmental Relation40$149,530
Naomi ChuVP - Asset Management40$118,586
Andrew MichaelsonVP - Properties40$108,160
Betty MasseyChair1
Matthew E DamonVice Chair1
Mary Margaret MacMillanImmediate Past Chair1
Gary CunninghamSecretary1
Barbara PortwoodTreasurer1
Mark W AddicksBoard Member1
Devon AkmonBoard Member1
Osh AshrufBoard Member1
Peter BeardBoard Member1
Terry BenelliBoard Member1
Randall BoursheidtBoard Member1
Diane DaltoBoard Member1
Louis Lou DeMarsBoard Member1
Marie FeelyBoard Member1
Ian FriendlyBoard Member1
Roy GabayBoard Member1
Joe GibbonsBoard Member1
Susan Kenny Stevens PhDBoard Member1
Suzanne KopplingerBoard Member1
Peter A LeffertsBoard Member1
Peggy LucasBoard Member1
Mark ManbeckBoard Member1
Richard Martin EsqBoard Member1
Dan C MehlsBoard Member1
Sarah OquistBoard Member1
Ken PetersonBoard Member1
Amit PoddarBoard Member1
Elizabeth RedleafBoard Member1
Joel RonningBoard Member1
Christopher ScottBoard Member1
Gloria SewellBoard Member1
Jason StammBoard Member1
Chandler WilsonBoard Member1
Irene QuarshieBoard Member1

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

5states

Cities

LongmontMinneapolisRapid CityWisconsin DellsZuni

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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