Civic Intelligence

Smack Mellon Studios Inc.

990 • Fiscal year 2018 • EIN 11-3375393

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 30, 2019

92 Plymouth StBrooklyn, NY 11201

(718) 834-8761

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.09x

Higher debt load relative to assets than 58% of similar nonprofits.

2018 filings • NTEE A • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

74th percentile

0.17x

Higher debt load relative to revenue than 74% of similar nonprofits.

2018 filings • NTEE A • $500k-$1M nonprofits • Source year 2018

Net Margin

21st percentile

-12%

Higher net margin than 21% of similar nonprofits.

2018 filings • NTEE A • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

65th percentile

$50,146

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 14.1% of source-year revenue.

2018 filings • NTEE A • $500k-$1M nonprofits • Source year 2018

Asset Growth

50th percentile

1.3%

Faster asset growth than 50% of similar nonprofits.

2018 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

19th percentile

-17%

Faster revenue growth than 19% of similar nonprofits.

2018 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$701,344

Up $9,160 (+1.3%) from 2017

Net Assets

Down

$641,040

Down $41,027 (-6.0%) from 2017

Liabilities

Up

$60,304

Up $50,187 (+496%) from 2017

Revenue

Down

$355,590

Down $71,095 (-17%) from 2017

Expenses

Up

$396,617

Up $41,599 (+12%) from 2017

Net Income

Down

-$41,027

Down $112,694 (-157%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2010: $283,184Liabilities 2010: $86,065Net Assets 2010: $197,1192010Assets 2011: $338,325Liabilities 2011: $85,370Net Assets 2011: $252,9552011Assets 2012: $426,058Liabilities 2012: $103,359Net Assets 2012: $322,6992012Assets 2013: $622,071Liabilities 2013: $135,090Net Assets 2013: $486,9812013Assets 2014: $778,153Liabilities 2014: $190,995Net Assets 2014: $587,1582014Assets 2015: $645,161Liabilities 2015: $11,335Net Assets 2015: $633,8262015Assets 2016: $626,126Liabilities 2016: $15,726Net Assets 2016: $610,4002016Assets 2017: $692,184Liabilities 2017: $10,117Net Assets 2017: $682,0672017Assets 2018: $701,344Liabilities 2018: $60,304Net Assets 2018: $641,0402018Assets 2019: $653,485Liabilities 2019: $69,174Net Assets 2019: $584,3112019Assets 2020: $685,188Liabilities 2020: $117,214Net Assets 2020: $567,9742020Assets 2021: $757,795Liabilities 2021: $92,774Net Assets 2021: $665,0212021Assets 2022: $750,530Liabilities 2022: $104,769Net Assets 2022: $645,7612022Assets 2023: $753,038Liabilities 2023: $124,202Net Assets 2023: $628,8362023Assets 2024: $650,273Liabilities 2024: $75,166Net Assets 2024: $575,1072024

Highlighted filing

2018

Assets$701,344
Liabilities$60,304
Net Assets$641,040

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $384,6252010Expenses 2011: $319,4082011Expenses 2012: $305,0922012Revenue 2013: $476,270Expenses 2013: $311,988Net Income 2013: $164,2822013Revenue 2014: $433,915Expenses 2014: $333,738Net Income 2014: $100,1772014Revenue 2015: $454,108Expenses 2015: $407,440Net Income 2015: $46,6682015Revenue 2016: $325,615Expenses 2016: $340,467Net Income 2016: -$14,8522016Revenue 2017: $426,685Expenses 2017: $355,018Net Income 2017: $71,6672017Revenue 2018: $355,590Expenses 2018: $396,617Net Income 2018: -$41,0272018Revenue 2019: $639,690Expenses 2019: $696,419Net Income 2019: -$56,7292019Revenue 2020: $633,283Expenses 2020: $649,620Net Income 2020: -$16,3372020Revenue 2021: $747,790Expenses 2021: $650,743Net Income 2021: $97,0472021Revenue 2022: $768,815Expenses 2022: $788,075Net Income 2022: -$19,2602022Revenue 2023: $734,267Expenses 2023: $738,195Net Income 2023: -$3,9282023Revenue 2024: $735,010Expenses 2024: $791,030Net Income 2024: -$56,0202024

Highlighted filing

2018

Revenue$355,590
Expenses$396,617
Net Income-$41,027
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 30, 2019
Return Version
2018v3.1
Gross Receipts
$416,313
Mission and Program Overview

Mission

to nurture and support emerging, under-recognized mid-career and women artists in the creation and exhibition of new work, by providing exhibition opportunities, studio workspace, and access to equipment and technical assistance for the realization of ambitious projects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$335,490$365,335▲ $29,845
Cash and Non-Interest-Bearing Accounts$110,905$131,804▲ $20,899
Savings and Temporary Cash Investments$129,489$129,912▲ $423
Pledges and Grants Receivable$33,070$0▼ $33,070
Prepaid Expenses and Deferred Charges$20,228$8,964▼ $11,264
Accounts Receivable-$2,326-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$692,184$701,344▲ $9,160
Other Assets Total$63,002$63,003▲ $1
Liabilities
Deferred Revenue-$37,863-
Accounts Payable and Accrued Expenses$5,117$22,441▲ $17,324
Other Liabilities$5,000--
Total Liabilities$10,117$60,304▲ $50,187
Net Assets / Fund Balance
Unrestricted Net Assets$619,067$578,040▼ $41,027
Temporarily Rstr Net Assets$63,000$63,000→ $0
Total Net Assets Fund Balance$682,067$641,040▼ $41,027
Total Liabilities and Net Assets / Fund Balance$692,184$701,344▲ $9,160

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$360,592$93,225$453,817
Equipment$4,743$81,767$86,510
Other Land Buildings-$3,167$3,167
Other Assets Org$3--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kathleen GilrainExecutive DirecPT$50,146$50,146

Board Members and Trustees

NameTitle
Sherri MartonPresident
Christine Trent ParkerBoard Member
Cindy PoundBoard Member
Jennifer McCoyBoard Member
Jess Van NostrandBoard Member
Michael SteinbergBoard Member
Niloo Sobhani SteeleBoard Member
Sally UnsworthBoard Member
Ward ShelleySecretary
Paul YookTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$323,467
Program Service Revenue
$0
Investment Income
$472
Other Revenue
$31,651
All Other Contributions
$165,344
Change in Net Assets
$-41,027

Audited Revenue Reconciliation

Revenue per Audited Statements
$355,590
Total Revenue per Audited Statements
$355,590
Total Revenue per Form 990
$355,590
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$212,007
Salaries, Compensation, and Employee Benefits$184,610
Total Fundraising Expense$2,533
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$77,837$23,968$2,468$104,273
Current Officers, Directors, Trustees, and Key Employees$28,991$19,365-$48,356
Insurance$8,360$23,564-$31,924
All Other Expenses$21,463$9,206$65$30,734
Other Employee Benefits-$16,304-$16,304
Payroll Taxes-$13,574-$13,574
Depreciation Depletion$11,446$1,563-$13,009
Other Expenses$4,763$4,130-$8,893
Fees for Services Accounting-$4,850-$4,850
Advertising$2,020$1,265-$3,285
Pension Plan Contributions-$2,103-$2,103
Office Expenses$58$1,631-$1,689
Interest-$44-$44
Total Functional Expenses$235,675$158,409$2,533$396,617

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$396,617
Total Expenses per Audited Statements$396,617
Total Expenses per Form 990$396,617
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$66,825
Fundraising Direct Expenses$39,629
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Benefit$66,825$66,825$29,688$37,137
Total Events$66,825$66,825$39,629$27,196
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Smackmellon Studios Inc
EIN
11-3375393
Address
92 PLYMOUTH ST, BROOKLYN, NY 11201

Signing Officer

Name
Kathleen Gilrain
Title
Executive Direc
Signed
2019-08-30
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
4
Volunteers
25

Preparer

Firm
Jarvis W Irving & Company LLP
Address
20 W 22nd St Ste 1005, New York, NY 10010
Preparer
Jarvis W Irving
Phone
2126750856
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: SOME STUDIO EQUIPMENT INCLUDING COMPUTERS, VIDEO PRODUCTION EQUIPMENT AND SOUND EQUIPMENT WAS GENEROUSLY PROVIDED FOR BY THE CITY OF NEW YORK. THROUGH 2014, THE EQUIPMENT IS VALUED AT $254,641. OTHER PROGRAM SERVICES 5: Art Ready is a Mentorship Program designed to give high school students the opportunity to experience first hand what it is like to be a professional working in a visual arts discipline. Participating students will meet a wide range of artists from emerging to well known. Students who complete Smack Mellonb

Financial Statement Notes

Part III, Line 4: Description of organization'S collections and how it furthers its purpose.

The prints are being held for resale at a later period to fund operating expenses if necessary.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.50$0.75$5.75$7.35$7.91$0.56
2023Detailed filing. Detailed filing data is available for this year.$7.53$1.24$6.29$7.34$7.38$0.04
2022Detailed filing. Detailed filing data is available for this year.$7.51$1.05$6.46$7.69$7.88$0.19
2021Detailed filing. Detailed filing data is available for this year.$7.58$0.93$6.65$7.48$6.51$0.97
2020Detailed filing. Detailed filing data is available for this year.$6.85$1.17$5.68$6.33$6.50$0.16
2019Detailed filing. Detailed filing data is available for this year.$6.53$0.69$5.84$6.40$6.96$0.57
2018Detailed filing. Detailed filing data is available for this year.$7.01$0.60$6.41$3.56$3.97$0.41
2017Detailed filing. Detailed filing data is available for this year.$6.92$0.10$6.82$4.27$3.55$0.72
2016Detailed filing. Detailed filing data is available for this year.$6.26$0.16$6.10$3.26$3.40$0.15
2015Detailed filing. Detailed filing data is available for this year.$6.45$0.11$6.34$4.54$4.07$0.47
2014Detailed filing. Detailed filing data is available for this year.$7.78$1.91$5.87$4.34$3.34$1.00
2013Detailed filing. Detailed filing data is available for this year.$6.22$1.35$4.87$4.76$3.12$1.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.26$1.03$3.23$3.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.38$0.85$2.53$3.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.83$0.86$1.97$3.85