Civic Intelligence

Exploring the Metropolis Inc

990 • Fiscal year 2013 • EIN 13-3164931

Jan 01, 2013 to Dec 31, 2013 • Filed on Jul 25, 2014

61 W 23rd Street No 4th FLNew York, NY 10010

(212) 886-2503

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.07x

Higher debt load relative to assets than 73% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

74th percentile

0.04x

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Net Margin

86th percentile

33%

Higher net margin than 86% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Top Officer Pay

94th percentile

$54,249

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 25.5% of source-year revenue.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

95th percentile

194%

Faster asset growth than 95% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

89th percentile

69%

Faster revenue growth than 89% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Assets

Up

$120,663

Up $79,591 (+194%) from 2012

Net Assets

Up

$112,492

Up $71,612 (+175%) from 2012

Liabilities

Up

$8,171

Up $7,979 (+4156%) from 2012

Revenue

Up

$212,411

Up $87,030 (+69%) from 2012

Expenses

Up

$143,151

Up $20,955 (+17%) from 2012

Net Income

Up

$69,260

Up $66,075 (+2075%) from 2012

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $38,491Liabilities 2011: $31Net Assets 2011: $38,4602011Assets 2012: $41,072Liabilities 2012: $192Net Assets 2012: $40,8802012Assets 2013: $120,663Liabilities 2013: $8,171Net Assets 2013: $112,4922013Assets 2014: $214,795Liabilities 2014: $10,159Net Assets 2014: $204,6362014Assets 2015: $214,527Liabilities 2015: $9,319Net Assets 2015: $205,2082015Assets 2016: $162,355Liabilities 2016: $8,964Net Assets 2016: $153,3912016Assets 2017: $130,127Liabilities 2017: $8,093Net Assets 2017: $122,0342017Assets 2018: $97,225Liabilities 2018: $15,540Net Assets 2018: $81,6852018Assets 2019: $60,990Liabilities 2019: $10,590Net Assets 2019: $50,4002019Assets 2020: $27,687Liabilities 2020: $2,877Net Assets 2020: $24,8102020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2013

Assets$120,663
Liabilities$8,171
Net Assets$112,492

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $104,511Expenses 2011: $101,348Net Income 2011: $3,1632011Revenue 2012: $125,381Expenses 2012: $122,196Net Income 2012: $3,1852012Revenue 2013: $212,411Expenses 2013: $143,151Net Income 2013: $69,2602013Revenue 2014: $251,408Expenses 2014: $162,462Net Income 2014: $88,9462014Revenue 2015: $164,108Expenses 2015: $172,226Net Income 2015: -$8,1182015Revenue 2016: $167,829Expenses 2016: $225,473Net Income 2016: -$57,6442016Revenue 2017: $195,158Expenses 2017: $225,926Net Income 2017: -$30,7682017Revenue 2018: $187,404Expenses 2018: $223,779Net Income 2018: -$36,3752018Revenue 2019: $182,970Expenses 2019: $214,255Net Income 2019: -$31,2852019Revenue 2020: $92,249Expenses 2020: $117,839Net Income 2020: -$25,5902020Revenue 2021: $796Expenses 2021: $25,606Net Income 2021: -$24,8102021

Highlighted filing

2013

Revenue$212,411
Expenses$143,151
Net Income$69,260
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jul 25, 2014
Return Version
2013v3.0
Gross Receipts
$254,731
Mission and Program Overview

Mission

The mission of exploring the metropolis (etm) is to study, analyze and resolve the workspace needs of the cultural and performing arts community in the new york city area. Continues on schedule o.

To study,analyze and resolve workspace needs of cultural and performing arts community in NYC.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$70,720-
Cash and Non-Interest-Bearing Accounts$4,706$29,582▲ $24,876
Investments in Publicly Traded Securities-$14,587-
Land, Buildings, and Equipment, Net$3,286$3,090▼ $196
Savings and Temporary Cash Investments$33,845$1,944▼ $31,901
Prepaid Expenses and Deferred Charges-$702-
Total Assets$41,837$120,663▲ $78,826
Other Assets Total$0$38▲ $38
Liabilities
Accounts Payable and Accrued Expenses$192$8,171▲ $7,979
Total Liabilities$192$8,171▲ $7,979
Net Assets / Fund Balance
Temporarily Rstr Net Assets$23,510$77,772▲ $54,262
Unrestricted Net Assets$18,135$34,720▲ $16,585
Total Net Assets Fund Balance$41,645$112,492▲ $70,847
Total Liabilities and Net Assets / Fund Balance$41,837$120,663▲ $78,826

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,090$4,189$7,279
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David JohnstonExecutive DirectorFT$54,249$54,249

Board Members and Trustees

NameTitle
Eugenie C CowanFounder and Board Chairwoman
Anita DurstDirector
Earl CarlyssDirector
Horace Havemeyer IIIDirector
Judd GreensteinDirector
KC MaurerDirector
Michael ReganDirector
Roseline Michael NevelingDirector
James S SligarSecretary
Kimberly MangoldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$211,689
Program Service Revenue
$705
Investment Income
$17
Other Revenue
$0
All Other Contributions
$196,029
Change in Net Assets
$69,260

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$54,472Fair Market Value
Total Noncash Contributions2$54,472-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$86,982
Other Expenses$47,919
Total Fundraising Expense$26,922
Grants and Similar Amounts Paid$8,250
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$21,809$17,515$16,406$55,730
Other Salaries and Wages$10,723$10,442$3,166$24,331
Fees for Services Other$4,374$4,434$2,060$10,868
Grants to Domestic Individuals$8,250--$8,250
Payroll Taxes$2,616$2,247$1,574$6,437
Occupancy$2,438$2,095$1,467$6,000
Fees for Services Accounting$1,216$1,045$731$2,992
Depreciation Depletion$578$497$348$1,423
Advertising$858$295$77$1,230
All Other Expenses$341$164$198$703
Other Expenses$239$206$144$589
Other Employee Benefits$196$170$118$484
Total Functional Expenses$75,682$40,547$26,922$143,151
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-A coporation founded and owned 100% by Horace Havemeyer III (Board member)In 2013 Exploring the Metropolis rented its office space from Bellerophon Publications, Inc. on a month to month basis for $500 a month.No$6,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
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, Section A, line 2

Eugenie C. Cowan (Founder and Board Chairwoman) and Horace Havemeyer III are husband and wife. James S. Sligar ( Board Secretary) is the personal attorney for Horace Havemeyer III and Eugenie C. Cowan.

Form 990, Part VI, Section A, line 8B

Exploring the Metropolis Board does not have a committee to act on its behalf. The Board makes all governing decisions relating to the organization and documents all its meetings held or written actions undertaken during the year.

Form 990, Part VI, Section B, line 11

The Program Associate reviews the 990 after it is prepared by the accountant. Then both the program associate and the Executive Director review the 990 together to ensure the accuracy and completeness of the information on the 990. Once he Executive Director is satisfied with the 990, it is forwarded to the Board Chairwoman who reviews selected sections of the 990 to ensure that the organization still meets its 501(c)(3) status. Each Board member is then provided a copy of the 990 before it is filed.

Form 990, Part VI, Section B, line 12C

All Board members are required to sign Conflict of Interest statements annually. This is monitored by the Chairwoman.

Form 990, Part VI, Section B, line 15A

The board sets the executive director's salary. The Board Chair and the Treasurer discuss the budget with the Executive Director and make a determination as to whether an increase is feasible. All changes in salary are approved by the Board.

Form 990, Part VI, Section C, line 19

Exploring the Metropolis makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Anyone who needs a copy of the 990 of the organization can also obtain a copy by visiting the organization's office. Exploring the Metropolis form 990 can also be accessed by the general public at guidestar.org and the New York State Charities Bureau's website.

Part VI, Section B, Lines 13 and 14

Although Exploring the Metropolis did not have Document Retention and Whistleblower Policies in effect in 2013,these policies have been drafted and will be discussed for approved by the Board at its next meeting. The policies are expected to be implemented in 2014 once they are officially approved by the Board.

Filing and Contact Details

Filer

EIN
13-3164931
Phone
2128862503

Signing Officer

Name
David Johnston
Title
Executive Director
Phone
2128862503
Signed
2014-07-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Johnston
Formed
1982
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
2
Volunteers
0

Preparer

Preparer
Robert L Manger
Phone
2129863025
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

The mission of Exploring the Metropolis (EtM) is to study, analyze and resolve the workspace needs of the cultural and performing arts community in the New York City area. Etm seeks to foster a vibrant and prolific performing arts community around shared resources of space and talent in order to increase stability and growth within the artistic community while broadening public access to performing arts. EtM accomplishes this mission by (1) matching artists and performing arts organizations seeking affordable, suitable workspace to rehearse and perform with facilities managers seeking to rent spaces (2) advising funders and government agencies in addressing workspace issues that affect the arts industry in all five boroughs of New York City (3) performing studies of physical facilities to assist facilities managers with better management and utilization of their existing spaces.

Form 990, Part III, Line 4A, Program Service Acomplishments:

This may be a workshop, master class, free public performance or other community-based activity. In 2013 the EtM Con Edison Composers' Residency public programs were attended by 260 individuals.

Form 990, Part III, Line 4B, Program Service Accomplishments:

EtM then gathered existing data sets including data from the NYS Cultural Data Project, census data from the Furman Center at NYU's Wagner School and data from NYC Performing Arts Spaces. Initial surveys were drafted for performing artists and cultural facilities. Two focus groups of 14 people each were held to discuss issues and refine surveys and the surveys were launched in October 2013.

Form 990, Part XII, Line 1:

In 2013, Exploring the Metropolis (EtM) changed its accounting method from cash to accrual method.

Form 990, Part XII, Line 2C:

Exploring the Metropolis does not have a committee that assumes the responsibility for oversight of the review of its financial statements and the selection of an independent accountant. The Board of Directors fulfills these responsibilities.

Financial Statement Notes

Part X, Line 2:

EtM is required by accounting standards to recognize or derecognize its tax position based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return. The adoption of this guidance did not have any impact on EtM's financial statements, as management believes that there are no uncertain tax positions within its financial statements. EtM currently has procedures in place to review matters that may be considered tax positions including ensuring the maintenance of its tax-exempt status; determining and meeting its filing and tax obligations in the various jurisdictions where it has filing obligations. EtM's Forms 990, Return of Organization Exempt from Income Tax, for the years ended December 31, 2010, 2011 and 2012 are subject to examination by the IRS, generally for three years after being filed.

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IRS990/Desc0The EtM Con Edison Residency program provides eight composers with use of consistent, suitable composition and rehearsal space for a three-month period. The composers work in four host cultural facilities with each facility hosting two composers and each composer receives a stipend of $1,000. The composers are selected by an independent panel of five musicians and music professionals in various genres. In 2013 the program entered its fifth year and the participating facilities were Flushing Town Hall in Queens, Brooklyn Youth Chorus Academy in Brooklyn, Bloomingdale School of Music in Manhattan and Turtle Bay Music School in Manhattan. Each composer is required to complete a public program which must be mutually agreed upon with, and presented by, the host facility. Continued on schedule O.
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IRS990/Form990PartVIISectionAGrp/PersonNm0Eugenie C Cowan
IRS990/Form990PartVIISectionAGrp/PersonNm1Kimberly Mangold
IRS990/Form990PartVIISectionAGrp/PersonNm2James S Sligar
IRS990/Form990PartVIISectionAGrp/PersonNm3Horace Havemeyer III
IRS990/Form990PartVIISectionAGrp/PersonNm4Earl Carlyss
IRS990/Form990PartVIISectionAGrp/PersonNm5Judd Greenstein
IRS990/Form990PartVIISectionAGrp/PersonNm6KC Maurer
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Founder and Board Chairwoman
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
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IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Executive Director
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IRS990/MissionDesc0The mission of Exploring the Metropolis (EtM) is to study, analyze and resolve the workspace needs of the cultural and performing arts community in the New York City area. Continues on Schedule O.
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IRS990/OtherExpensesGrp/Desc0Composers'Residency
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IRS990/PrincipalOfficerNm0David Johnston
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IRS990/ProgSrvcAccomActy2Grp/Desc0Queens Workplace Initiative:2013 also marked the start of EtM's Queens Workspace Initiative (QWI), a research study with the goal of developing strategic and policy recommendations that will help boost growth within Queens' performing arts landscape. In June 2013 EtM assembled a steering committee consisting of 7 prominent individuals in the NYC arts sector and started having meetings with key stakeholders including individual artists, arts organizations, cultural facilities, BID's, Economic Development Corporations and elected officials. Continued on Schedule O.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EtM is required by accounting standards to recognize or derecognize its tax position based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return. The adoption of this guidance did not have any impact on EtM's financial statements, as management believes that there are no uncertain tax positions within its financial statements. EtM currently has procedures in place to review matters that may be considered tax positions including ensuring the maintenance of its tax-exempt status; determining and meeting its filing and tax obligations in the various jurisdictions where it has filing obligations. EtM's Forms 990, Return of Organization Exempt from Income Tax, for the years ended December 31, 2010, 2011 and 2012 are subject to examination by the IRS, generally for three years after being filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine10Bellerophon Publications Inc
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0A coporation founded and owned 100% by Horace Havemeyer III (Board member)
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0In 2013 Exploring the Metropolis rented its office space from Bellerophon Publications, Inc. on a month to month basis for $500 a month.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The mission of Exploring the Metropolis (EtM) is to study, analyze and resolve the workspace needs of the cultural and performing arts community in the New York City area. Etm seeks to foster a vibrant and prolific performing arts community around shared resources of space and talent in order to increase stability and growth within the artistic community while broadening public access to performing arts. EtM accomplishes this mission by (1) matching artists and performing arts organizations seeking affordable, suitable workspace to rehearse and perform with facilities managers seeking to rent spaces (2) advising funders and government agencies in addressing workspace issues that affect the arts industry in all five boroughs of New York City (3) performing studies of physical facilities to assist facilities managers with better management and utilization of their existing spaces.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1This may be a workshop, master class, free public performance or other community-based activity. In 2013 the EtM Con Edison Composers' Residency public programs were attended by 260 individuals.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EtM then gathered existing data sets including data from the NYS Cultural Data Project, census data from the Furman Center at NYU's Wagner School and data from NYC Performing Arts Spaces. Initial surveys were drafted for performing artists and cultural facilities. Two focus groups of 14 people each were held to discuss issues and refine surveys and the surveys were launched in October 2013.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Eugenie C. Cowan (Founder and Board Chairwoman) and Horace Havemeyer III are husband and wife. James S. Sligar ( Board Secretary) is the personal attorney for Horace Havemeyer III and Eugenie C. Cowan.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Exploring the Metropolis Board does not have a committee to act on its behalf. The Board makes all governing decisions relating to the organization and documents all its meetings held or written actions undertaken during the year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Program Associate reviews the 990 after it is prepared by the accountant. Then both the program associate and the Executive Director review the 990 together to ensure the accuracy and completeness of the information on the 990. Once he Executive Director is satisfied with the 990, it is forwarded to the Board Chairwoman who reviews selected sections of the 990 to ensure that the organization still meets its 501(c)(3) status. Each Board member is then provided a copy of the 990 before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6All Board members are required to sign Conflict of Interest statements annually. This is monitored by the Chairwoman.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The board sets the executive director's salary. The Board Chair and the Treasurer discuss the budget with the Executive Director and make a determination as to whether an increase is feasible. All changes in salary are approved by the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Exploring the Metropolis makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Anyone who needs a copy of the 990 of the organization can also obtain a copy by visiting the organization's office. Exploring the Metropolis form 990 can also be accessed by the general public at guidestar.org and the New York State Charities Bureau's website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Although Exploring the Metropolis did not have Document Retention and Whistleblower Policies in effect in 2013,these policies have been drafted and will be discussed for approved by the Board at its next meeting. The policies are expected to be implemented in 2014 once they are officially approved by the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10In 2013, Exploring the Metropolis (EtM) changed its accounting method from cash to accrual method.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Exploring the Metropolis does not have a committee that assumes the responsibility for oversight of the review of its financial statements and the selection of an independent accountant. The Board of Directors fulfills these responsibilities.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, Line 4a, Program Service Acomplishments:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part III, Line 4b, Program Service Accomplishments:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Part VI, Section B, Lines 13 and 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part XII, Line 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part XII, Line 2c:
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