7-538: Bermondsey Project Space is a not-for-profit art gallery in Bermondsey , South East London. It was founded in 2015 as Art Bermondsey Project Space and sponsored by Olympus in association with State/F22 magazine. Located in a 3,000 sq ft converted Georgian townhouse adjacent to the White Cube Bermondsey, the gallery hosts three exhibition rooms over three floors of this former paperworks. The gallery presents
14-426: A NPO as they are not formed explicitly for the public good as an NPO must be, and NFPOs are considered "recreational organizations", meaning that they do not operate with the goal of generating revenue as opposed to NPOs. An NFPO does not have the same obligation as an NPO to serve the public good, and as such it may be used to apply for tax-exempt status as an organization that serves its members and does not have
21-499: A programme of exhibitions, events and out-reach educational projects, producing a publication to accompany each show in support of the gallery programme. The Gallery Director is Andrew Etherington. The Artistic Director is Mike von Joel . Bermondsey Project Space was founded in London as a not-for-profit gallery in October 2015 to encourage personal development through visual art and support
28-437: Is a legal entity that does not distribute surplus funds to its members and is formed to fulfill specific objectives. An NFPO does not earn profit for its owners, as any revenue generated by its activities must be put back into the organization. While not-for-profit organizations and non-profit organizations (NPO) are distinct legal entities, the terms are sometimes used interchangeably. An NFPO must be differentiated from
35-517: The fusion of art, photography and culture. The Olympus seed funding was spearheaded by Mark Thackara (Europe) and David Ivens (UK) from an original proposal from State/F22 magazine. The Bermondsey Project Space also had Olympus' partners in Amsterdam, Berlin and Hamburg. Initially for one year, the Olympus/State partnership lasted for three years due to the success of the project. From March 2018 onward
42-723: The gallery has worked independently with numerous small partnerships and sponsors to realise the exhibition programme - guided by the Artistic Director and full time Director. The gallery is run to a Foundation Charity criteria and has a board of 12 governors. It still receives minor financial support from State Media (State/F22 magazine). In 2018, the gallery was shortlisted for two of Southwark Council 's "Southwark Business Excellence Awards". 51°29′55.47″N 0°4′51.5″W / 51.4987417°N 0.080972°W / 51.4987417; -0.080972 Not-for-profit A not-for-profit or non-for-profit organization ( NFPO )
49-586: The goal of generating profit. An example of this is a sports club , which exists for the enjoyment of its members and thus would function well as an NFPO, with revenue being re-invested into improving the organization. These organizations typically file for tax exemption in the United States under section 501(c)(7) of the Internal Revenue Code as social clubs. Common ventures for which NFPOs are established include: Charities, as NFPOs, function under
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