2025-11-16T11:19:16-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2024-01-01 842176692 EQUASPACE EQUA 6128043986 PO BOX 4458 ST PAUL MN 55104 SHEILA MOZAYENY-HALE BOARD CHAIR 6128043986 2025-11-13 1 0 ANN NEIL P01817922 6123764500 2025-11-13 2024 2025-03-06 01:10:19Z SHEILA MOZAYENY-HALE PO BOX 4458 ST PAUL MN 55104 1356531 0 X EQUASPACE.ORG X 2019 MN TO PROVIDE A PLATFORM OF HIGH FUNCTIONING WORK SPACES, SHARED RESOURCES AND A PLATFORM FOR COLLABORATIVE OPPORTUNITIES FOR 501(C)3'S. 8 8 3 5 0 0 213000 1303801 0 52123 1120 607 0 0 214120 1356531 0 0 0 0 181643 276236 0 0 154043 49541 1377932 231184 1654168 -17064 -297637 449605 2584944 46418 2479394 403187 105550 X EQUASPACE'S MISSION IS TO PROVIDE CHARITABLE NON-PROFIT ORGANIZATIONS WITH EQUITABLE AND CO-LOCATED SPACE AT BELOW MARKET RENT, AS WELL AS PROVIDE TRAINING AND EDUCATION SERVICES FOR NON-PROFIT ENTITIES WHICH WILL ALLOW THESE CHARITABLE ORGANIZATIONS TO THRIVE, CREATE, AND CONNECT. 0 0 1393098 0 52123 EQUASPACE CONTINUED TO ENGAGE A BROADER GROUP OF NONPROFIT LEADERS IN THE DESIGN, SPACE, AND PROGRAMMATIC CONSIDERATIONS. EQUASPACE CONTINUED TO MOVE FORWARD WITH A DEDICATED SPACE IN ST. PAUL TO OPEN A PILOT NONPROFIT CENTER TO SUPPORT 20-25 SMALL TO MID-SIZE ORGANIZATIONS WITH ACCESS TO SHARED SERVICES, INTENTIONAL COLLABORATION AND LEARNING OPPORTUNITIES. 1393098 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 MN X SARAH CLYNE 6128043986 COURT INTERNATIONAL BUILDING 2550 SAINT PAUL MN 55114 SUSAN KELLY FOUNDER AND BOARD CHAIR 30.00 X X 0 0 0 RON LATTIN VICE CHAIR 5.00 X X 0 0 0 IMEE CAMBRONERO DIRECTOR 2.00 X 0 0 0 MIKE LUSENI DIRECTOR 2.00 X 0 0 0 SHEILA MOZAYENY-HALE DIRECTOR 2.00 X 0 0 0 KELLI NELSON DIRECTOR 2.00 X 0 0 0 SOOK JIN ONG DIRECTOR 2.00 X 0 0 0 SARAH CLYNE EXECUTIVE DIRECTOR 40.00 X 177353 0 2408 177353 0 2408 1 0 1 0 0 1303801 1303801 TENANT RENTAL INCOME 532000 50526 50526 PROGRAM INCOME 532000 1597 1597 52123 607 607 1356531 52123 0 607 X 179761 161785 17976 67364 6259 7458 53647 10852 6821 1124 2907 18259 12377 1880 4002 2288 2288 33759 33759 202352 128185 74167 8376 8376 814188 783160 31028 230734 224880 5854 1884 1884 3607 3607 15231 15231 37543 37543 5017 5017 PROGRAM EXPENSES 13250 13250 EVENT EXPENSES 9060 9060 MISCELLANEOUS EXPENSES 643 643 1654168 1393098 107027 154043 16273 131254 354413 18647 4177 549 40621 1063479 37543 40685 1025936 37685 1364309 449605 2584944 46418 503975 16118 500000 0 1459301 46418 2479394 X 73872 105550 329315 0 403187 105550 449605 2584944 -297637 0 X 0 1 X 1 0 X 70000 38500 1277540 213000 1303801 2902841 70000 38500 1277540 213000 1303801 2902841 2511436 391405 1 132 1120 607 1860 2904701 52123 0.13470 0.10160 X EQUASPACE SEEKS TO GAIN SITE CONTROL OVER OFFICE/WORK SPACES IN ORDER TO FULFILL ITS MISSION OF PROVIDING HIGH FUNCTIONING WORK SPACES AND OTHER RELATED PROGRAMMING AND RESOURCES TO 501(C)3'S.EQUASPACE'S BOARD OF DIRECTORS IS MADE UP OF INDIVIDUALS THAT REPRESENT A BROAD INTEREST OF THE GENERAL PUBLIC. THE ORGANIZATION HAS A LONG START-UP PHASE AS IT REQUIRES SIGNIFICANT MARKET AND REAL ESTATE RESEARCH AND FUNDED BY LARGE GRANTS FROM A FEW FOUNDATIONS. ONCE EQUASPACE GAINED SITE CONTROL OVER OFFICE/WORK SPACES, PROGRAM RELATED RENTAL ACTIVITY WOULD INCREASE AND THE NEED FROM LARGE GRANTS FROM A FEW FOUNDATIONS WOULD DECREASE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 953161 37543 915618 110318 110318 1025936 SECURITY DEPOSITS 37685 ROU LEASE ASSET 1326624 1364309 ROU LEASE LIABILITY 1444309 TENANT SECURITY DEPOSITS 14992 1459301 X 1356531 0 1356531 0 1356531 1654168 0 1654168 0 1654168 PART X, LINE 2: THE ORGANIZATION HAS A TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ASC 740-10. THE ORGANIZATION'S POLICY IS TO EVALUATE UNCERTAIN TAX POSITIONS, AT LEAST ANNUALLY, FOR THE POTENTIAL FOR INCOME TAX EXPOSURE FROM UNRELATED BUSINESS INCOME OR FROM LOSS OF NONPROFIT STATUS. THE ORGANIZATION CONTINUES TO OPERATE CONSISTENTLY WITH ITS ORIGINAL EXEMPTION APPLICATION AND EACH YEAR TAKES THE NECESSARY ACTIONS TO MAINTAIN ITS EXEMPT STATUS. IT HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER THE INTERNAL REVENUE CODE AND CHARITABLE CONTRIBUTIONS BY DONORS ARE TAX DEDUCTIBLE. IN COMPLIANCE WITH ITS EXEMPT STATUS, THE ORGANIZATION ANNUALLY FILES A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990). X 0 0 0 0 0 0 0 0 0 SARAH CLYNE EXECUTIVE DIRECTOR 177353 0 0 0 0 0 0 0 2408 0 179761 0 0 0 PART I, LINE 3 THE BOARD REVIEWS ACCOMPLISHMENTS OF THE EXECUTIVE DIRECTOR AND THE BOARD HAS REVIEWED MARKET RATES AND DISCUSSES COMPENSATION ANNUALLY. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD REVIEWS THE FORM 990 AT A BOARD MEETING AND A VOTE IS TAKEN TO APPROVE THE 990. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD CHAIR SENDS OUT THE CONFLICT OF INTEREST POLICY ANNUALLY TO BOARD AND STAFF AND SIGNED COPIES ARE KEPT ON FILE. DURING THE YEAR, IF ANY CONFLICTS ARISE, THEY ARE BROUGHT TO THE BOARD'S ATTENTION IMMEDIATELY AND THE PERSON WITH THE POTENTIAL CONFLICT IS EXCLUDED FROM DISCUSSION AND APPROVAL OF THE POTENTIAL CONFLICT. COMPETITIVE BIDS OR COMPARATIVE VALUES ARE ATTAINED, AND THE BOARD THEN DETERMINES WHAT IS IN THE BEST INTEREST OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS ACCOMPLISHMENTS OF THE EXECUTIVE DIRECTOR AND THE BOARD HAS REVIEWED MARKET RATES AND DISCUSSES COMPENSATION ANNUALLY. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 128,185. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 74,167. TOTAL EXPENSES 202,352.