Artspace Projects Inc

Minneapolis, MN · Founded 1984

Primary audience
Everyone
Contact
L Kelley Lindquist

Financial Information

Form 990 data showing organizational financial health and growth.

Revenue (2024)

$32.7M

+0% vs 2024

Assets (2024)

$94.0M

+0% vs 2024

Year Revenue Expenses Assets Employees
2024
2024 $32,698,123 $42,238,012 $93,960,270 44
2023
2023 $29,143,430 $30,384,969 $98,678,653 46
2022
2022 $31,237,243 $31,211,929 $88,532,198 51
2020
2020 $23,726,997 $24,291,955 $88,637,954 46
2019 $27,774,570 $28,922,567 $83,623,207 65
2018 $32,690,096 $34,047,475 $74,144,253 50

Source: IRS Form 990 filings. All figures in USD.

Team & Leadership

Meet the people behind Artspace Projects Inc.

LK

L Kelley Lindquist

President
Full-time
Compensation: $271,989
WL

William Law

Chief Operating Officer
Full-time
Compensation: $201,793
BC

Beth Chalmers

Chief Financial Officer
Full-time
Compensation: $163,460
BC

Beth Chalmers

CFO
GH

Greg Handberg

Sr. VP - Properties
Full-time
Compensation: $192,988
KK

Kathleen Kvern

Sr. VP - National Advancement
Full-time
Compensation: $156,404
WH

Wendy Holmes

Sr. VP - Consulting
Full-time
Compensation: $150,212
SM

Stacey Mickelson

VP - Governmental Relation
Full-time
Compensation: $149,530
NC

Naomi Chu

VP - Asset Management
Full-time
Compensation: $118,586
AM

Andrew Michaelson

VP - Properties
Full-time
Compensation: $108,160

Associated People

Board members, advisors, and key contributors

Board of Directors

AP
Amit Poddar Board Member 1.00 hrs/week
BP
Barbara Portwood Treasurer 1.00 hrs/week
BM
Betty Massey Chair 1.00 hrs/week
CW
Chandler Wilson Board Member 1.00 hrs/week
CS
Christopher Scott Board Member 1.00 hrs/week
DC
Dan C Mehls Board Member 1.00 hrs/week
DA
Devon Akmon Board Member 1.00 hrs/week
DD
Diane Dalto Board Member 1.00 hrs/week
ER
Elizabeth Redleaf Board Member 1.00 hrs/week
GC
Gary Cunningham Secretary 1.00 hrs/week
GS
Gloria Sewell Board Member 1.00 hrs/week
IF
Ian Friendly Board Member 1.00 hrs/week
IQ
Irene Quarshie Board Member 1.00 hrs/week
JS
Jason Stamm Board Member 1.00 hrs/week
JG
Joe Gibbons Board Member 1.00 hrs/week
JR
Joel Ronning Board Member 1.00 hrs/week
KP
Ken Peterson Board Member 1.00 hrs/week
LL
Louis Lou DeMars Board Member 1.00 hrs/week
MF
Marie Feely Board Member 1.00 hrs/week
MM
Mark Manbeck Board Member 1.00 hrs/week
MW
Mark W Addicks Board Member 1.00 hrs/week
MM
Mary Margaret MacMillan Immediate Past Chair 1.00 hrs/week
ME
Matthew E Damon Vice Chair 1.00 hrs/week
OA
Osh Ashruf Board Member 1.00 hrs/week
PL
Peggy Lucas Board Member 1.00 hrs/week
PA
Peter A Lefferts Board Member 1.00 hrs/week
PB
Peter Beard Board Member 1.00 hrs/week
RB
Randall Boursheidt Board Member 1.00 hrs/week
RM
Richard Martin Esq Board Member 1.00 hrs/week
RG
Roy Gabay Board Member 1.00 hrs/week
SO
Sarah Oquist Board Member 1.00 hrs/week
SK
Susan Kenny Stevens PhD Board Member 1.00 hrs/week
SK
Suzanne Kopplinger Board Member 1.00 hrs/week
TB
Terry Benelli Board Member 1.00 hrs/week

Information compiled from IRS Form 990 and organizational materials.

Executive Compensation

Top compensated officers & key employees from IRS Form 990

Total Reported (2024)

$1.7M

Highest Paid

$296K

L Kelley Lindquist

Compensated Officers

9

Name Title Base Other Total Hrs/Wk
L Kelley Lindquist President $271,989 $23,546 $295,535 40
William Law Chief Operating Officer $201,793 $24,555 $226,348 40
Greg Handberg Until Dec SR. VP - Properties $192,988 $21,063 $214,051 50
Beth Chalmers Chief Financial Officer $163,460 $21,383 $184,843 50
Kathleen Kvern SR. VP - National Advancement $156,404 $23,902 $180,306 40
Wendy Holmes SR. VP - Consulting $150,212 $17,484 $167,696 50
Stacey Mickelson VP - Governmental Relation $149,530 $13,737 $163,267 40
Naomi Chu VP - Asset Management $118,586 $18,278 $136,864 40
Andrew Michaelson VP - Properties $108,160 $2,493 $110,653 40

Source: IRS Form 990 filings. Compensation includes base and other reported compensation.

COVID-19 PPP Loans

Paycheck Protection Program (2020-2021)

Fully Forgiven

Total Approved

$1.6M

Total Forgiven

$1.6M

101% forgiven

Jobs Retained

111

Loan Details 2 loans

$811,700
Forgiven
Forgiven: $818,394 100%
Approved Apr 6, 2020
Lender Bridgewater Bank
Jobs Reported 56
Forgiven On Feb 11, 2021
$811,700
Forgiven
Forgiven: $817,438 100%
Approved Jan 23, 2021
Lender Bridgewater Bank
Jobs Reported 55
Forgiven On Oct 29, 2021

Source: Small Business Administration • Paycheck Protection Program (2020-2021)

Partners & Funders

Grant funding relationships from IRS Form 990 filings

$135K Grants Received
$1.9M Grants Given
3 Organizations

Top Funders

2 total
TC
The Community Foundation Of Herkimer And
$125K
FI
Fidelity Investments Charitable Gift Fund
$10K

Top Grantees

1 total
TC
The Cowles Center Minneapolis, MN
$1.9M
The Community Foundation Of Herkimer And Fidelity Investments Charitable Gift Fund The Cowles Center
The Community Foundation Of Herkimer And Fidelity Investments Charitable Gift Fund The Cowles Center

Source: IRS Form 990 Schedule I filings. Amounts may span multiple tax years.

Contact

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528 Hennepin Ave 700 Minneapolis, MN 55403