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 · 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
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 | — | — | — |
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
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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
Related Funders
Similar funders by location and focus area
Spicola Family Foundation
MINNETONKA, MN
Assets
—
Grants
3
Total Given
$410K
The Geyer Family Foundation
EDINA, MN
Assets
—
Grants
7
Total Given
$35K
Love 4 One Another Charities
CHANHASSEN, MN
Assets
$8.5M
Grants
1
Total Given
$90K
Donald and Luella Zibell Family Foundation
NORTHFIELD, MN
Assets
—
Grants
8
Total Given
$80K
Minnesota Citizens Concerned
MINNEAPOLIS, MN
Assets
$745K
Grants
2
Total Given
$942K
Clearway Minnesota (sm)
MINNEAPOLIS, MN
Assets
—
Grants
6
Total Given
$442K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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