Civic Intelligence

Manhattan Charter School

990 • Fiscal year 2015 • EIN 20-1608400

Jul 01, 2014 to Jun 30, 2015 • Filed on May 04, 2016

100 Attorney StreetNew York, NY 10002

(212) 533-2743

Siviq Scores

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

Liabilities / Assets

57th percentile

0.16x

Higher debt load relative to assets than 57% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

57th percentile

0.16x

Higher debt load relative to revenue than 57% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

64th percentile

8.2%

Higher net margin than 64% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

89th percentile

$194,486

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

72nd percentile

9.8%

Faster asset growth than 72% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

49th percentile

2.9%

Faster revenue growth than 49% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$4,320,972

Up $386,168 (+9.8%) from 2014

Net Assets

Up

$3,645,876

Up $356,845 (+11%) from 2014

Liabilities

Up

$675,096

Up $29,323 (+4.5%) from 2014

Revenue

Up

$4,310,190

Up $122,603 (+2.9%) from 2014

Expenses

Up

$3,955,973

Up $109,185 (+2.8%) from 2014

Net Income

Up

$354,217

Up $13,418 (+3.9%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $2,257,092Liabilities 2010: $516,582Net Assets 2010: $1,740,5102010Assets 2011: $3,050,004Liabilities 2011: $624,645Net Assets 2011: $2,425,3592011Assets 2012: $3,559,679Liabilities 2012: $652,440Net Assets 2012: $2,907,2392012Assets 2013: $3,638,033Liabilities 2013: $688,871Net Assets 2013: $2,949,1622013Assets 2014: $3,934,804Liabilities 2014: $645,773Net Assets 2014: $3,289,0312014Assets 2015: $4,320,972Liabilities 2015: $675,096Net Assets 2015: $3,645,8762015Assets 2016: $4,993,486Liabilities 2016: $580,472Net Assets 2016: $4,413,0142016

Highlighted filing

2015

Assets$4,320,972
Liabilities$675,096
Net Assets$3,645,876

Operations Trend

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

$6.0M$4.0M$2.0M$0Expenses 2010: $2,912,1462010Expenses 2011: $3,477,6442011Expenses 2012: $3,753,3832012Expenses 2013: $4,135,5772013Revenue 2014: $4,187,587Expenses 2014: $3,846,788Net Income 2014: $340,7992014Revenue 2015: $4,310,190Expenses 2015: $3,955,973Net Income 2015: $354,2172015Revenue 2016: $4,404,201Expenses 2016: $3,636,108Net Income 2016: $768,0932016

Highlighted filing

2015

Revenue$4,310,190
Expenses$3,955,973
Net Income$354,217
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 4, 2016
Return Version
2014v6.0
Gross Receipts
$4,310,190
Mission and Program Overview

Mission

The school's mission is to prepare its students to achieve high academic levels in the four core subject areas, communicate effectively in verbal, mathematical and musical languages, and to apply critical thinking processes and ethical standards to learning, living and problem solving.

The school's mission is to prepare its students to achieve high academic levels.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,649,387$2,049,592▲ $400,205
Investments Other Securities$1,508,823$1,514,002▲ $5,179
Savings and Temporary Cash Investments$250,166$252,072▲ $1,906
Land, Buildings, and Equipment, Net$153,191$123,480▼ $29,711
Prepaid Expenses and Deferred Charges$74,755$80,151▲ $5,396
Pledges and Grants Receivable$39,200$38,320▼ $880
Accounts Receivable$26,321$25,194▼ $1,127
Total Assets$3,934,804$4,320,972▲ $386,168
Other Assets Total$232,961$238,161▲ $5,200
Liabilities
Accounts Payable and Accrued Expenses$645,773$661,388▲ $15,615
Deferred Revenue$0$13,708▲ $13,708
Total Liabilities$645,773$675,096▲ $29,323
Net Assets / Fund Balance
Unrestricted Net Assets$3,289,031$3,645,876▲ $356,845
Total Net Assets Fund Balance$3,289,031$3,645,876▲ $356,845
Total Liabilities and Net Assets / Fund Balance$3,934,804$4,320,972▲ $386,168

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$64,050$311,010$375,060
Other Land Buildings$19,527$84,889$104,416
Leasehold Improvements$39,903$17,375$57,278
Other Assets Org$3,500--
Other Securities$1,514,002--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ginevra DepoloChief Academic OfficerPT$184,515$9,971$194,486
Sonia ParkExecutive DirectorPT$149,112$8,047$157,159
Matthew PittaDirector of Special EducationPT$105,735$7,820$113,555

Board Members and Trustees

NameTitle
Manuel RomeroBoard Chair
Ben BreenBoard Vice Chair
Lisa LongBoard Secretary
Ira GreenbergBoard Treasurer
Barbara CuspardMember
James FordMember
Jessica LeitnerMember
Joy Elaine DaleyMember
PAUL O'NEILLMember
Rishabh DayalMember
Valerie LevenbergMember
Revenue and Support

Revenue Composition

Contributions and Grants
$206,066
Program Service Revenue
$4,094,131
Investment Income
$9,993
Other Revenue
$0
All Other Contributions
$51,777
Change in Net Assets
$354,217

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,310,190
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,628
Total Revenue per Audited Statements
$4,312,818
Total Revenue per Form 990
$4,310,190
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,350,216
Other Expenses$605,757
Total Fundraising Expense$28,932
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,249,129$266,938$20,431$2,536,498
Current Officers, Directors, Trustees, and Key Employees$240,856$28,586$2,188$271,630
Other Employee Benefits$211,689$25,126$1,923$238,738
Payroll Taxes$194,676$23,106$1,769$219,551
Fees for Services Other$179,258$7,846$584$187,688
Pension Plan Contributions$74,305$8,819$675$83,799
Fees for Services Accounting-$55,454-$55,454
Depreciation Depletion$47,392$5,624$431$53,447
Information Technology$37,877$4,494$344$42,715
Insurance$33,828$4,016$307$38,151
Office Expenses$32,978$1,746$133$34,857
Travel$12,175$81$6$12,262
Fees for Services Legal-$6,918-$6,918
Occupancy$2,853$339$26$3,218
Other Expenses$2,694$1,308$100$2,694
All Other Expenses-$482-$482
Total Functional Expenses$3,485,960$441,081$28,932$3,955,973

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,955,973
Total Expenses per Audited Statements$3,955,973
Total Expenses per Form 990$3,955,973
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
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
Yes
Other officer compensation reviewed
Yes
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 B, Line 11

The 990 is reviewed by the executive director and principal. The 990 is then presented and reviewed by the board of trustees before filing.

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

The school monitors the conflict of interest policy by an annual disclosure for each board member.

Form 990, Part VI, Section B, Line 15

The executive committee and the board reviewed, discussed, and approved the compensation for the principal and relied on comparability data from the department of education.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and the financial statements are all available upon request.

Filing and Contact Details

Filer

Filer Name
Manhattan Charter School
EIN
20-1608400
Phone
2125332743
Address
100 ATTORNEY STREET, NEW YORK, NY 10002

Signing Officer

Name
Ira Greenberg
Title
Chair of the Finance Committee
Phone
2125332743
Signed
2016-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ira Greenberg
Formed
2004
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
60
Volunteers
11

Preparer

Firm
Fruchter Rosen & Company Pc
Address
156 WEST 56TH STREET SUITE 1804, NEW YORK, NY 10019
Preparer
Gus Saliba
Phone
2129573600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2C:

The school has a finance committee that is responsible for oversight of the audit and selection of the independent auditor.

Financial Statement Notes

PART X, LINE 2:

The school's accounting policy provides that a tax expense or benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. The school has no uncertain tax position resulting in an accrual of tax expense or benefit.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01514002
IRS990/IRPDocumentCnt016
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0413274
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0153191
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0123480
IRS990/LandBldgEquipCostOrOtherBssAmt0536754
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE SCHOOL'S MISSION IS TO PREPARE ITS STUDENTS TO ACHIEVE HIGH ACADEMIC LEVELS IN THE FOUR CORE SUBJECT AREAS, COMMUNICATE EFFECTIVELY IN VERBAL, MATHEMATICAL AND MUSICAL LANGUAGES, AND TO APPLY CRITICAL THINKING PROCESSES AND ETHICAL STANDARDS TO LEARNING, LIVING AND PROBLEM SOLVING.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03289031
IRS990/NetAssetsOrFundBalancesEOYAmt03645876
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt02628
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt026
IRS990/OccupancyGrp/ManagementAndGeneralAmt0339
IRS990/OccupancyGrp/ProgramServicesAmt02853
IRS990/OccupancyGrp/TotalAmt03218
IRS990/OfficeExpensesGrp/FundraisingAmt0133
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01746
IRS990/OfficeExpensesGrp/ProgramServicesAmt032978
IRS990/OfficeExpensesGrp/TotalAmt034857
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0232961
IRS990/OtherAssetsTotalGrp/EOYAmt0238161
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01923
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt025126
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0211689
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0238738
IRS990/OtherExpensesGrp/Desc0CURRICULUM AND CLASSROO
IRS990/OtherExpensesGrp/Desc1STUDENT AND STAFF RECRU
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3FOOD SERVICE
IRS990/OtherExpensesGrp/FundraisingAmt015
IRS990/OtherExpensesGrp/FundraisingAmt1100
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0198
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11308
IRS990/OtherExpensesGrp/ProgramServicesAmt0133374
IRS990/OtherExpensesGrp/ProgramServicesAmt121855
IRS990/OtherExpensesGrp/ProgramServicesAmt211021
IRS990/OtherExpensesGrp/ProgramServicesAmt32694
IRS990/OtherExpensesGrp/TotalAmt0133374
IRS990/OtherExpensesGrp/TotalAmt122068
IRS990/OtherExpensesGrp/TotalAmt212429
IRS990/OtherExpensesGrp/TotalAmt32694
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt020431
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0266938
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02249129
IRS990/OtherSalariesAndWagesGrp/TotalAmt02536498
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01769
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt023106
IRS990/PayrollTaxesGrp/ProgramServicesAmt0194676
IRS990/PayrollTaxesGrp/TotalAmt0219551
IRS990/PensionPlanContributionsGrp/FundraisingAmt0675
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt08819
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt074305
IRS990/PensionPlanContributionsGrp/TotalAmt083799
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt039200
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt038320
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt074755
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt080151
IRS990/PrincipalOfficerNm0IRA GREENBERG
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0GOV'T PER-PUPIL REV.
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04094131
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04094131
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0246439
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt08617
IRS990/PYOtherExpensesAmt0598406
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03932531
IRS990/PYRevenuesLessExpensesAmt0340799
IRS990/PYSalariesCompEmpBnftPaidAmt03248382
IRS990/PYTotalExpensesAmt03846788
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04187587
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0354217
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04094131
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0250166
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0252072
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt064050
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0311010
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0375060
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03955973
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt039903
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt017375
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt057278
IRS990ScheduleD/NetUnrealizedGainsInvstAmt02628
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt071147
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1163514
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23500
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED CASH
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM RELATED PARTY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt019527
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt084889
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0104416
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01514002
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT IN CERTIFICATE OF DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt02628
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04310190
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. THE SCHOOL HAS NO UNCERTAIN TAX POSITION RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0123480
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0238161
IRS990ScheduleD/TotalBookValueSecuritiesAmt01514002
IRS990ScheduleD/TotalExpensesPerForm990Amt03955973
IRS990ScheduleD/TotalRevenuePerForm990Amt04310190
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04312818
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03955973
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00

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