Civic Intelligence

Manhattan Graphics Center Inc.

990 • Fiscal year 2014 • EIN 13-3344728

Jul 01, 2013 to Jun 30, 2014 • Filed on May 11, 2015

250 West 40th Street 5th FloorNew York, NY 10018

(212) 219-8783

Siviq Scores

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

Liabilities / Assets

68th percentile

0.08x

Higher debt load relative to assets than 68% of similar nonprofits.

2014 filings • NTEE A • <$500k nonprofits • Source year 2014

Liabilities / Revenue

81st percentile

0.14x

Higher debt load relative to revenue than 81% of similar nonprofits.

2014 filings • NTEE A • <$500k nonprofits • Source year 2014

Net Margin

12th percentile

-29%

Higher net margin than 12% of similar nonprofits.

2014 filings • NTEE A • <$500k nonprofits • Source year 2014

Top Officer Pay

76th percentile

$7,200

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2014 filings • NTEE A • <$500k nonprofits • Source year 2014

Asset Growth

21st percentile

-18%

Faster asset growth than 21% of similar nonprofits.

2014 filings • NTEE A • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

42nd percentile

-2.6%

Faster revenue growth than 42% of similar nonprofits.

2014 filings • NTEE A • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$351,541

Down $75,918 (-18%) from 2013

Net Assets

Down

$323,984

Down $57,833 (-15%) from 2013

Liabilities

Down

$27,557

Down $18,085 (-40%) from 2013

Revenue

Down

$196,800

Down $5,213 (-2.6%) from 2013

Expenses

Up

$254,633

Up $908 (+0.4%) from 2013

Net Income

Down

-$57,833

Down $6,121 (-12%) from 2013

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $348,886Liabilities 2010: $7,360Net Assets 2010: $341,5262010Assets 2011: $445,351Liabilities 2011: $7,308Net Assets 2011: $438,0432011Assets 2012: $444,660Liabilities 2012: $11,131Net Assets 2012: $433,5292012Assets 2013: $427,459Liabilities 2013: $45,642Net Assets 2013: $381,8172013Assets 2014: $351,541Liabilities 2014: $27,557Net Assets 2014: $323,9842014Assets 2015: $313,209Liabilities 2015: $28,863Net Assets 2015: $284,3462015Assets 2016: $301,966Liabilities 2016: $24,524Net Assets 2016: $277,4422016Assets 2017: $215,331Liabilities 2017: $24,872Net Assets 2017: $190,4592017Assets 2018: $202,471Liabilities 2018: $29,012Net Assets 2018: $173,4592018Assets 2019: $234,602Liabilities 2019: $35,651Net Assets 2019: $198,9512019Assets 2020: $301,484Liabilities 2020: $38,471Net Assets 2020: $263,0132020Assets 2021: $322,254Liabilities 2021: $40,584Net Assets 2021: $281,6702021Assets 2022: $288,387Liabilities 2022: $17,638Net Assets 2022: $270,7492022Assets 2023: $231,209Liabilities 2023: $16,509Net Assets 2023: $214,7002023Assets 2024: $68,572Liabilities 2024: $22,504Net Assets 2024: $46,0682024

Highlighted filing

2014

Assets$351,541
Liabilities$27,557
Net Assets$323,984

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $198,765Expenses 2010: $145,663Net Income 2010: $53,1022010Expenses 2011: $142,9442011Expenses 2012: $219,3142012Revenue 2013: $202,013Expenses 2013: $253,725Net Income 2013: -$51,7122013Revenue 2014: $196,800Expenses 2014: $254,633Net Income 2014: -$57,8332014Revenue 2015: $215,013Expenses 2015: $254,651Net Income 2015: -$39,6382015Revenue 2016: $271,015Expenses 2016: $277,919Net Income 2016: -$6,9042016Revenue 2017: $200,787Expenses 2017: $287,770Net Income 2017: -$86,9832017Revenue 2018: $270,416Expenses 2018: $287,416Net Income 2018: -$17,0002018Revenue 2019: $310,908Expenses 2019: $285,416Net Income 2019: $25,4922019Revenue 2020: $421,606Expenses 2020: $357,544Net Income 2020: $64,0622020Revenue 2021: $316,662Expenses 2021: $298,005Net Income 2021: $18,6572021Revenue 2022: $302,295Expenses 2022: $313,216Net Income 2022: -$10,9212022Revenue 2023: $271,886Expenses 2023: $327,935Net Income 2023: -$56,0492023Revenue 2024: $255,326Expenses 2024: $423,958Net Income 2024: -$168,6322024

Highlighted filing

2014

Revenue$196,800
Expenses$254,633
Net Income-$57,833
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 11, 2015
Return Version
2013v4.0
Gross Receipts
$196,800
Mission and Program Overview

Mission

Mgc's principle mission is to provide a printmaking studio in manhattan that offers professional facilities at a reasonable cost, and an environment where artists can work and learn together. Continued on schedule o.

To provide and maintain a studio for artists to learn,create,teach and exhibit printmaking arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$229,351$197,835▼ $31,516
Land, Buildings, and Equipment, Net$112,786$82,224▼ $30,562
Cash and Non-Interest-Bearing Accounts$13,647$17,852▲ $4,205
Pledges and Grants Receivable$29,817$16,352▼ $13,465
Prepaid Expenses and Deferred Charges$3,233$5,653▲ $2,420
Total Assets$427,459$351,541▼ $75,918
Other Assets Total$38,625$31,625▼ $7,000
Liabilities
Accounts Payable and Accrued Expenses$35,640$20,467▼ $15,173
Deferred Revenue$10,002$7,090▼ $2,912
Total Liabilities$45,642$27,557▼ $18,085
Net Assets / Fund Balance
Unrestricted Net Assets$279,055$227,907▼ $51,148
Temporarily Rstr Net Assets$102,762$96,077▼ $6,685
Total Net Assets Fund Balance$381,817$323,984▼ $57,833
Total Liabilities and Net Assets / Fund Balance$427,459$351,541▼ $75,918

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$75,847$68,348$144,195
Equipment$2,725$76,582$79,307
Other Land Buildings$3,652$3,534$7,186
Other Assets Org$31,625--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Vijay KumarBoard Member-$7,200$7,200
Fred MershimerTreasurerPT$2,880$2,880

Board Members and Trustees

NameTitle
Ruth MoscovitchPresident
Matthew Franklin WilsonVice President
Alicia DamleyBoard Member
Bob ShoreBoard Member
Chrissy LloydBoard Member
Don HillelBoard Member
Joan GreenfieldBoard Member
Meredith MayerBoard Member
Richard TurnbullBoard Member
Christina EisenbeisBoard Member (since June 2014)
Cindy ReimanBoard Member (since June 2014)
Suzanne NicholasBoard Member (since June 2014)
Sarah PlimptonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$59,860
Program Service Revenue
$114,861
Investment Income
$400
Other Revenue
$21,679
All Other Contributions
$45,487
Change in Net Assets
$-57,833
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$226,827
Salaries, Compensation, and Employee Benefits$27,806
Total Fundraising Expense$8,638
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$80,524$15,098$5,033$100,655
Fees for Services Other$35,896--$35,896
Depreciation Depletion$24,450$4,584$1,528$30,562
Office Expenses$21,035$999$309$22,343
Fees for Services Accounting-$14,040-$14,040
Other Salaries and Wages$10,400$1,950$650$13,000
Current Officers, Directors, Trustees, and Key Employees$12,245--$12,245
All Other Expenses$2,424$1,834$109$4,367
Insurance$2,884$541$180$3,605
Payroll Taxes$2,049$384$128$2,561
Other Expenses$1,899$356$119$2,374
Travel-$1,133-$1,133
Total Functional Expenses$203,137$42,858$8,638$254,633
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
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
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, Section A, Line 8B

The organization does not have separate commitees. The board of directors is charged with all decisions required to be made by the governing body.

Form 990, Part VI, Section B, Line 11

Once draft financial statements are received from the accountant, they are reviewed by three board members. The financial statements are then distributed to all board members via e-mail and are discussed and approved at our january and april meetings. Upon the approval of the financial statements, form 990 is prepared. A draft of the 990 is distributed to board members via e-mail for comments. Upon approval by the board, the 990 is signed and filed by the board president.

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

The president is responsible for asking board members to complete conflict of interest forms and each board member completes the form each year.

Form 990, Part VI, Section B, Line 15

The organization does not have an executive director, the board manages the day to day activites of the organization together with the assistance of one part-time employee. The board decides the salary of this employee.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, financial statements and form 990 available upon request.

Filing and Contact Details

Filer

EIN
13-3344728
Phone
2122198783

Signing Officer

Name
Ruth Moscovitch
Title
Board President
Phone
2122198783
Signed
2015-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ruth Moscovitch
Formed
1986
Legal Domicile
Ny
Voting Board Members
15
Independent Board Members
15
Employees
1
Volunteers
0

Preparer

Preparer
Robert L Manger
Phone
2129863025
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1-mission Statement Continues

Classes in the basic disciplines, along with shorter workshops in adjunct techniques, are an integral part of the mission.

Form 990, Part III, Line 4A-program Service Accomplishment

In addition, we hold an etching class in our studio for 10 high school students at no cost to the students. The high school class is also supported by grant funds.

Form 990, Part IX, Line 11G

Instructors: program service expenses 31,260. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,260. Development consultant: program service expenses 4,636. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,636.

Financial Statement Notes

PART X, LINE 2:

Manhattan graphics 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 manhattan graphics' financial statements, as management believes that there are no uncertain tax positions within its financial statements. Manhattan graphics 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. Manhattan graphics' forms 990, return of organization exempt from income tax, for the years ended june 30, 2011, 2012 and 2013 are subject to examination by the irs, generally for three years after being filed.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MGC'S PRINCIPLE MISSION IS TO PROVIDE A PRINTMAKING STUDIO IN MANHATTAN THAT OFFERS PROFESSIONAL FACILITIES AT A REASONABLE COST, AND AN ENVIRONMENT WHERE ARTISTS CAN WORK AND LEARN TOGETHER. CONTINUED ON SCHEDULE O.
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IRS990/OtherExpensesGrp/TotalAmt22841
IRS990/OtherExpensesGrp/TotalAmt32374
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
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IRS990/PayrollTaxesGrp/FundraisingAmt0128
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0384
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt029817
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IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03233
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IRS990/PrincipalOfficerNm0RUTH MOSCOVITCH
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt087821
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt127040
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt127040
IRS990/ProgSrvcAccomActy2Grp/Desc0OPEN WORKSHOP:OPEN WORKSHOP IS OUR LONGSTANDING PROGRAM OF ALLOWING EXPERIENCED PRINTMAKERS TO USE OUR FACILITIES TO DO THEIR OWN ARTWORK. THEY PAY ON A SCHEDULE FOR HOURS WHEN THE SHOP IS OPEN TO THEM. IN FY 13-14, 173 ARTISTS SIGNED UP FOR OPEN ENROLLMENT (AGAIN THIS REPRESENTS SOME DUPLICATE ENROLLMENTS).
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt039220
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt027040
IRS990/ProgSrvcAccomActy3Grp/Desc0VISITING PRINTMAKER WORKSHOP:VISITING PRINTMAKER WORKSHOP ARE CLASSES WE OFFER ONSITE AT MANHATTAN PUBLIC HIGH SCHOOLS, TAUGHT IN CONJUNCTION WITH A CLASSROOM ART TEACHER. THE SESSIONS ARE SUPPLEMENTED BY A FIELD TRIP TO THE NY PUBLIC LIBRARY AND TO OUR WORKSHOP SPACE, WHERE THE STUDENTS OBSERVE A WORKING PRINTSHOP AND ARE GIVEN A DEMONSTRATION OF PRINTMAKING TECHNIQUES THEY WILL THEN USE IN THEIR OWN CLASSROOM. IN FY 13-14, WE RAN FIVE SUCH WORKSHOPS: TWO EACH AT THE HIGH SCHOOL OF ART & DESIGN AND THE HIGH SCHOOL FOR FASHION INDUSTRIES, AND ONE AT GRAMMERCY ARTS HS. WE SERVED APPROXIMATELY 130 STUDENTS THROUGH THESE WORKSHOPS. THIS PROGRAM IS ENTIRELY SUPPORTED BY GRANT FUNDS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt05094
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-57833
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0229351
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0105427
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IRS990ScheduleA/InvestmentIncomeCYPct00.00940
IRS990ScheduleA/InvestmentIncomePYPct00.01620
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98590
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0213901
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0236346
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0193871
IRS990ScheduleA/Total509Grp/TotalAmt01041961
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0239461
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01051839
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt076582
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt079307
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt075847
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt068348
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0144195

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.69$0.23$0.46$2.55$4.24$1.69
2023Detailed filing. Detailed filing data is available for this year.$2.31$0.17$2.15$2.72$3.28$0.56
2022Detailed filing. Detailed filing data is available for this year.$2.88$0.18$2.71$3.02$3.13$0.11
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.22$0.41$2.82$3.17$2.98$0.19
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.01$0.38$2.63$4.22$3.58$0.64
2019Detailed filing. Detailed filing data is available for this year.$2.35$0.36$1.99$3.11$2.85$0.25
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.02$0.29$1.73$2.70$2.87$0.17
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.15$0.25$1.90$2.01$2.88$0.87
2016Detailed filing. Detailed filing data is available for this year.$3.02$0.25$2.77$2.71$2.78$0.07
2015Detailed filing. Detailed filing data is available for this year.$3.13$0.29$2.84$2.15$2.55$0.40
2014Detailed filing. Detailed filing data is available for this year.$3.52$0.28$3.24$1.97$2.55$0.58
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.27$0.46$3.82$2.02$2.54$0.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.45$0.11$4.34$2.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.45$0.07$4.38$1.43
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.49$0.07$3.42$1.99$1.46$0.53
Peer Organizations

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