Civic Intelligence

Exploring the Metropolis Inc

990 • Fiscal year 2014 • EIN 13-3164931

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 28, 2015

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

71st percentile

0.05x

Higher debt load relative to assets than 71% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

74th percentile

0.04x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

87th percentile

35%

Higher net margin than 87% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

95th percentile

$60,288

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 24.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

89th percentile

78%

Faster asset growth than 89% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

70th percentile

18%

Faster revenue growth than 70% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$214,795

Up $94,132 (+78%) from 2013

Net Assets

Up

$204,636

Up $92,144 (+82%) from 2013

Liabilities

Up

$10,159

Up $1,988 (+24%) from 2013

Revenue

Up

$251,408

Up $38,997 (+18%) from 2013

Expenses

Up

$162,462

Up $19,311 (+13%) from 2013

Net Income

Up

$88,946

Up $19,686 (+28%) from 2013

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

2014

Assets$214,795
Liabilities$10,159
Net Assets$204,636

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

2014

Revenue$251,408
Expenses$162,462
Net Income$88,946
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 28, 2015
Return Version
2014v5.0
Gross Receipts
$266,745
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$185,798▲ $115,078
Cash and Non-Interest-Bearing Accounts$29,582$19,904▼ $9,678
Savings and Temporary Cash Investments$1,944$3,894▲ $1,950
Investments in Publicly Traded Securities$14,587$2,760▼ $11,827
Land, Buildings, and Equipment, Net$3,090$1,856▼ $1,234
Prepaid Expenses and Deferred Charges$702$583▼ $119
Total Assets$120,663$214,795▲ $94,132
Other Assets Total$38$0▼ $38
Liabilities
Accounts Payable and Accrued Expenses$8,171$10,159▲ $1,988
Total Liabilities$8,171$10,159▲ $1,988
Net Assets / Fund Balance
Temporarily Rstr Net Assets$77,772$191,298▲ $113,526
Unrestricted Net Assets$34,720$13,338▼ $21,382
Total Net Assets Fund Balance$112,492$204,636▲ $92,144
Total Liabilities and Net Assets / Fund Balance$120,663$214,795▲ $94,132

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,856$5,423$7,279
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David JohnstonExecutive DirectorFT$60,288$60,288

Board Members and Trustees

NameTitle
Eugenie C CowanFounder and Board Chairwoman
Earl CarlyssDirector
Judd GreensteinDirector
KC MaurerDirector
Marieke SpenceDirector
Michael ReganDirector
Roseline Michael NevelingDirector
Horace Havemeyer IIIDirector(Deceased 3/19/14)
James S SligarSecretary
Kimberly MangoldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$249,933
Program Service Revenue
$555
Investment Income
$920
Other Revenue
$0
All Other Contributions
$243,933
Change in Net Assets
$88,946
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$108,729
Other Expenses$45,483
Total Fundraising Expense$30,915
Grants and Similar Amounts Paid$8,250
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$20,124$24,365$16,180$60,669
Other Salaries and Wages$16,793$14,260$8,092$39,145
Fees for Services Other$7,430$1,078$486$8,994
Payroll Taxes$3,064$3,207$2,015$8,286
Grants to Domestic Individuals$8,250--$8,250
Occupancy$2,241$2,345$1,474$6,060
Fees for Services Accounting$970$1,016$639$2,625
Advertising$660$279$372$1,311
Depreciation Depletion$456$478$300$1,234
Insurance$249$260$163$672
Other Employee Benefits$233$243$153$629
Other Expenses$232$201$126$559
All Other Expenses$148$154$197$499
Total Functional Expenses$82,331$49,216$30,915$162,462
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 2014 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 (deceased 3/19/14) were 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.

Filing and Contact Details

Filer

Filer Name
Exploring the Metropolis Inc
EIN
13-3164931
Phone
2128862503
Address
61 W 23rd Street No 4th FL, NEW YORK, NY 10010

Signing Officer

Name
David Johnston
Title
Executive Director
Phone
2128862503
Signed
2015-07-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Johnston
Formed
1982
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
0

Preparer

Firm
Manger & Associate Cpas Pc
Address
295 MADISON AVENUE SUITE 901, NEW YORK, NY 10017
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 2014 the EtM Con Edison Composers' Residency public programs were attended by 260 individuals.

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, 2011, 2012 and 2013 are subject to examination by the IRS, generally for three years after being filed.

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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/PersonNm8Michael Regan
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IRS990/Form990PartVIISectionAGrp/PersonNm10David Johnston
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Founder and Board Chairwoman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director(Deceased 3/19/14)
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
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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/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0243
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0233
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0629
IRS990/OtherExpensesGrp/Desc0Composers'Residency
IRS990/OtherExpensesGrp/Desc1Research studies
IRS990/OtherExpensesGrp/Desc2Miscellaneous expenses
IRS990/OtherExpensesGrp/Desc3Office supplies
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IRS990/OtherExpensesGrp/ProgramServicesAmt013308
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IRS990/PayrollTaxesGrp/FundraisingAmt02015
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03207
IRS990/PayrollTaxesGrp/ProgramServicesAmt03064
IRS990/PayrollTaxesGrp/TotalAmt08286
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt070720
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0185798
IRS990/PoliticalCampaignActyInd00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0583
IRS990/PrincipalOfficerNm0David Johnston
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711130
IRS990/ProgramServiceRevenueGrp/Desc0Application fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0555
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0555
IRS990/ProgSrvcAccomActy2Grp/Desc0Queens Workplace Initiative:For the Queens Workspace Initiative, surveys to Artists and Facilities were available until February 2014. At that point, we analyzed the survey data in context with our qualitative data, and then wrote our report outlining challenges and opportunities for performing artists in the borough of Queens. In June, we conducted two public "town halls" to present our findings to the community. One was hosted by Queens Theater, and another by the Greater Jamaica Development Corporation. "Queens Performing Artists and Workspace: 'I Want to Do More than Survive; I Want to Thrive'" was posted on EtM's website in late June, and has been publicized via social media, our e-newsletter and on our website. Continued on Schedule O. Findings were later presented in the fall at a membership meeting of the Greater Jamaica Development Corporation.
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IRS990/PYOtherRevenueAmt00
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IRS990/QuidProQuoContributionsInd00
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IRS990/RegularMonitoringEnfrcInd01
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IRS990/RevenueAmt0555
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt03894
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0211689
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0751959
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0290
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0650
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt024
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01206
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt066
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02236
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0751959
IRS990ScheduleA/TotalSupportAmt0760688
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05423
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt07279
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, 2011, 2012 and 2013 are subject to examination by the IRS, generally for three years after being filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleI/GrantRecordsMaintainedInd01
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt07
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Bellerophon Publications Inc
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0A coporation founded and owned 100% by Horace Havemeyer III (Board member)
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt06000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0In 2014 Exploring the Metropolis rented its office space from Bellerophon Publications, Inc. on a month to month basis for $500 a month.
IRS990/ScheduleORequiredInd01
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 2014 the EtM Con Edison Composers' Residency public programs were attended by 260 individuals.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Eugenie C. Cowan (Founder and Board Chairwoman) and Horace Havemeyer III (deceased 3/19/14) were husband and wife. James S. Sligar ( Board Secretary) is the personal attorney for Horace Havemeyer III and Eugenie C. Cowan.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Exploring 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/ExplanationTxt4The 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/ExplanationTxt5All Board members are required to sign Conflict of Interest statements annually. This is monitored by the Chairwoman.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The 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/ExplanationTxt7Exploring 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/ExplanationTxt8Exploring 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 VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part XII, Line 2c:
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