Civic Intelligence

Mainframe Studios

990 • Fiscal year 2022 • EIN 46-1637111

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 21, 2023

Organization Profilewww.mainframestudios.org
900 Keosauqua WayDes Moines, IA 50309

(515) 216-4253

Siviq Scores

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

Liabilities / Assets

28th percentile

0.04x

Higher debt load relative to assets than 28% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

40th percentile

0.15x

Higher debt load relative to revenue than 40% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

89th percentile

52%

Higher net margin than 89% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

81st percentile

21%

Faster asset growth than 81% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

96th percentile

189%

Faster revenue growth than 96% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$10,836,605

Up $1,872,905 (+21%) from 2021

Net Assets

Up

$10,355,316

Up $1,695,291 (+20%) from 2021

Liabilities

Up

$481,289

Up $177,614 (+58%) from 2021

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin89th percentile

Revenue

Up

$3,251,639

Up $2,127,303 (+189%) from 2021

Expenses

Up

$1,559,009

Up $301,568 (+24%) from 2021

Net Income

Up

$1,692,630

Up $1,825,735 (+1372%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$15M$10M$5.0M$0Assets 2014: $2,365,495Liabilities 2014: $1,600,725Net Assets 2014: $764,7702014Assets 2015: $2,910,290Liabilities 2015: $1,726,314Net Assets 2015: $1,183,9762015Assets 2016: $2,785,656Liabilities 2016: $286,384Net Assets 2016: $2,499,2722016Assets 2017: $5,867,521Liabilities 2017: $2,251,217Net Assets 2017: $3,616,3042017Assets 2018: $6,447,422Liabilities 2018: $1,925,910Net Assets 2018: $4,521,5122018Assets 2019: $7,635,993Liabilities 2019: $1,564,580Net Assets 2019: $6,071,4132019Assets 2020: $9,188,448Liabilities 2020: $395,318Net Assets 2020: $8,793,1302020Assets 2021: $8,963,700Liabilities 2021: $303,675Net Assets 2021: $8,660,0252021Assets 2022: $10,836,605Liabilities 2022: $481,289Net Assets 2022: $10,355,3162022Assets 2023: $10,125,236Liabilities 2023: $251,831Net Assets 2023: $9,873,4052023Assets 2024: $9,808,236Liabilities 2024: $254,900Net Assets 2024: $9,553,3362024

Highlighted filing

2022

Assets$10,836,605
Liabilities$481,289
Net Assets$10,355,316
Open 2022 Filing

Operations Trend

Revenue Growth96th percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2014: $768,580Expenses 2014: $11,138Net Income 2014: $757,4422014Revenue 2015: $682,788Expenses 2015: $263,582Net Income 2015: $419,2062015Revenue 2016: $876,836Expenses 2016: $311,483Net Income 2016: $565,3532016Revenue 2017: $1,795,947Expenses 2017: $678,915Net Income 2017: $1,117,0322017Revenue 2018: $1,822,013Expenses 2018: $916,805Net Income 2018: $905,2082018Revenue 2019: $2,565,838Expenses 2019: $1,015,938Net Income 2019: $1,549,9002019Revenue 2020: $3,646,448Expenses 2020: $924,730Net Income 2020: $2,721,7182020Revenue 2021: $1,124,336Expenses 2021: $1,257,441Net Income 2021: -$133,1052021Revenue 2022: $3,251,639Expenses 2022: $1,559,009Net Income 2022: $1,692,6302022Revenue 2023: $1,527,994Expenses 2023: $2,009,905Net Income 2023: -$481,9112023Revenue 2024: $1,662,532Expenses 2024: $1,982,601Net Income 2024: -$320,0692024

Highlighted filing

2022

Revenue$3,251,639
Expenses$1,559,009
Net Income$1,692,630
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 21, 2023
Return Version
2022v5.0
Gross Receipts
$3,252,749
Mission and Program Overview

Mission

Mainframe provides 181 affordable workspaces to over 220 creatives and advances equity & opportunities in the arts. Mainframe hosts monthly open studio events for the public, provides weekly professional development sessions to artists, gives tours for youth and community groups, and rents venue space for community and private events.

Mainframe Studios is a financially self-sustaining nonprofit providing affordable workspaces to advance equity and opportunities in the arts. With 180 nonresidential studios, we believe Mainframe is the largest nonprofit art studio building in the nation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$8,660,024$10,355,316▲ $1,695,292
Land, Buildings, and Equipment, Net$7,993,570$9,643,052▲ $1,649,482
Cash and Non-Interest-Bearing Accounts$626,469$1,079,265▲ $452,796
Pledges and Grants Receivable$339,527$109,050▼ $230,477
Prepaid Expenses and Deferred Charges$4,134$2,754▼ $1,380
Accounts Receivable-$2,484-
Total Assets$8,963,700$10,836,605▲ $1,872,905
Liabilities
Accounts Payable and Accrued Expenses$36,982$235,019▲ $198,037
Mortgage Notes Payable Secured by Investment Property$155,967$160,092▲ $4,125
Other Liabilities$47,886$67,576▲ $19,690
Deferred Revenue$62,841$18,602▼ $44,239
Total Liabilities$303,676$481,289▲ $177,613
Net Assets / Fund Balance
Total Net Assets Fund Balance$8,660,024$10,355,316▲ $1,695,292
Total Liabilities and Net Assets / Fund Balance$8,963,700$10,836,605▲ $1,872,905

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$68,335--
Other Land Buildings$68,814--
Land$1,379,858--
Leasehold Improvements$8,126,045$2,357,008-
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Justin MandelbaumPresident
John McGowanVice President
Jeff FlemingMember
Jo KasselMember
John MandelbaumMember
Lee RunningMember
Markaus AshworthMember
Sarah YoungMember
Steven OrrMember
Gretchen BohlingSecretary
Michael TrettinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,327,967
Program Service Revenue
$921,943
Investment Income
$1,072
Other Revenue
$657
All Other Contributions
$2,112,967
Change in Net Assets
$1,692,630
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,413,834
Salaries, Compensation, and Employee Benefits$145,175
Total Fundraising Expense$9,481
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$716,461$0$0$716,461
Occupancy$486,261$21,979$0$508,240
Other Salaries and Wages$79,200$46,200$6,600$132,000
All Other Expenses$0$58,916$1,030$59,946
Advertising$37,190$0$0$37,190
Fees for Services Management$24,000$0$0$24,000
Fees for Services Other$6,527$12,704$0$19,231
Information Technology$11,771$2,943$0$14,714
Fees for Services Accounting$1,248$10,608$624$12,480
Payroll Taxes$5,944$3,467$495$9,906
Conferences and Meetings$3,304$2,788$0$6,092
Insurance$0$5,824$0$5,824
Fees for Services Legal$685$2,738$0$3,423
Office Expenses$1,772$1,614$0$3,386
Pension Plan Contributions$2,288$818$163$3,269
Travel$2,278$0$569$2,847
Total Functional Expenses$1,378,929$170,599$9,481$1,559,009
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant security deposits$67,576
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Filing and Contact Details

Filer

Filer Name
Mainframe Studios
EIN
46-1637111
Phone
5152164253
Address
900 KEOSAUQUA WAY, DES MOINES, IA 50309

Signing Officer

Name
Justin Mandelbaum
Title
Board President
Phone
5152164253
Signed
2023-09-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Mandelbaum
Formed
2012
Legal Domicile
Ia
Voting Board Members
11
Independent Board Members
11
Employees
3
Volunteers
25

Preparer

Firm
The Planners Tax & Accounting
Address
2600 WESTOWN PARKWAY SUITE 230, WEST DES MOINES, IA 50266
Preparer
Jed Alexander
Phone
5154127123
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The 990 was prepared by an independent accounting firm. Mainframe's board president reviewed and provided comments to the preparer. All board members were provided with a copy of the 990 prior to filing and have had the opportunity to review and provide comments.”

Pt VI, Line 12C

“The executive director annually distributes a form and collects the form with signatures on which board members disclose any conflicts. If any questions arise, the officers review the questions with the affected board member.”

Pt VI, Line 15A

“Compensation for the executive director is voted on by the board in consultation with mainframes's third party human resources company and is designed to be competitive with comparable nonprofits in the region.”

Pt VI, Line 19

“Documents were made available to the public upon request.”

Pt VI, Line 2

“Justin mandelbaum is the president of mainframe studios. His father, john mandelbaum, is a member of the board. Both are unpaid volunteers and have committed to never receive compensation or profit from mainframe studios.”

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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/OtherSalariesAndWagesGrp/FundraisingAmt06600
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt046200
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt079200
IRS990/OtherSalariesAndWagesGrp/TotalAmt0132000
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0495
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IRS990/PayrollTaxesGrp/ProgramServicesAmt05944
IRS990/PayrollTaxesGrp/TotalAmt09906
IRS990/PensionPlanContributionsGrp/FundraisingAmt0163
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0818
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02288
IRS990/PensionPlanContributionsGrp/TotalAmt03269
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0109050
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04134
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02754
IRS990/PrincipalOfficerNm0JUSTIN MANDELBAUM
IRS990/PriorPeriodAdjustmentsAmt02662
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/BusinessCd1531120
IRS990/ProgramServiceRevenueGrp/Desc0Studio Rental
IRS990/ProgramServiceRevenueGrp/Desc1Event Space Rental
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0886790
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt135153
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgSrvcAccomActy2Grp/Desc0Mainframe Studios normally spends over 90% of its marketing budget on programming monthly First Friday open studio events that attract hundreds of visitors. The festive, free events feature a unique theme, creating a new experience for visitors each month. Themes include exhibitions, activities and special guests relating to various art forms such as ceramics, textiles and even gaming. First Fridays also feature local musicians and affordable dinner options by resident caterers Tangerine Food Co. Tenant-artists open their studios to connect with new customers and partners that help further their careers. Mainframe also self-publishes a quarterly studio directory that includes stories about our artists and partners.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt037190
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
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IRS990/PYContributionsGrantsAmt0421762
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt081
IRS990/PYOtherExpensesAmt01135974
IRS990/PYOtherRevenueAmt01018
IRS990/PYProgramServiceRevenueAmt0701475
IRS990/PYRevenuesLessExpensesAmt0-133105
IRS990/PYSalariesCompEmpBnftPaidAmt0121467
IRS990/PYTotalExpensesAmt01257441
IRS990/PYTotalRevenueAmt01124336
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IRS990/ReconcilationRevenueExpnssAmt01692630
IRS990/RegularMonitoringEnfrcInd0true
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IRS990/RentalIncomeOrLossGrp/RealAmt01558
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0921942
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt08660024
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt010355316
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt02124648
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01420620
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt09507291
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02630
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01594
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01778
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01966
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt09521
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0921942
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0701475
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0391873
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02886889
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01594
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01778
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01966
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt09521
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IRS990ScheduleA/InvestmentIncomeCYPct00.00140
IRS990ScheduleA/InvestmentIncomePYPct00.00140
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/PublicSupportCY509Pct00.99860
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02563873
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01812493
IRS990ScheduleA/Total509Grp/TotalAmt012394180
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt012411669
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IRS990ScheduleD/LandGrp/BookValueAmt01379858
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt01379858
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02357008
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt010483053
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt068814
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt068814
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt067576
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. MAINFRAME'S BOARD PRESIDENT REVIEWED AND PROVIDED COMMENTS TO THE PREPARER. ALL BOARD MEMBERS WERE PROVIDED WITH A COPY OF THE 990 PRIOR TO FILING AND HAVE HAD THE OPPORTUNITY TO REVIEW AND PROVIDE COMMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR ANNUALLY DISTRIBUTES A FORM AND COLLECTS THE FORM WITH SIGNATURES ON WHICH BOARD MEMBERS DISCLOSE ANY CONFLICTS. IF ANY QUESTIONS ARISE, THE OFFICERS REVIEW THE QUESTIONS WITH THE AFFECTED BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR THE EXECUTIVE DIRECTOR IS VOTED ON BY THE BOARD IN CONSULTATION WITH MAINFRAMES'S THIRD PARTY HUMAN RESOURCES COMPANY AND IS DESIGNED TO BE COMPETITIVE WITH COMPARABLE NONPROFITS IN THE REGION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS WERE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4JUSTIN MANDELBAUM IS THE PRESIDENT OF MAINFRAME STUDIOS. HIS FATHER, JOHN MANDELBAUM, IS A MEMBER OF THE BOARD. BOTH ARE UNPAID VOLUNTEERS AND HAVE COMMITTED TO NEVER RECEIVE COMPENSATION OR PROFIT FROM MAINFRAME STUDIOS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 2
IRS990/SchoolOperatingInd0false

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,836,605
Liabilities
$481,289
Net assets
$10,355,316
Revenue
$3,251,639
Expenses
$1,559,009
Net income
$1,692,630
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.81$0.25$9.55$1.66$1.98$0.32
2023Detailed filing. Detailed filing data is available for this year.$10.1$0.25$9.87$1.53$2.01$0.48
2022Detailed filing. Detailed filing data is available for this year.$10.8$0.48$10.4$3.25$1.56$1.69
2021Detailed filing. Detailed filing data is available for this year.$8.96$0.30$8.66$1.12$1.26$0.13
2020Detailed filing. Detailed filing data is available for this year.$9.19$0.40$8.79$3.65$0.92$2.72
2019Summary only. Only limited summary data is available for this year.$7.64$1.56$6.07$2.57$1.02$1.55
2018Summary only. Only limited summary data is available for this year.$6.45$1.93$4.52$1.82$0.92$0.91
2017Summary only. Only limited summary data is available for this year.$5.87$2.25$3.62$1.80$0.68$1.12
2016Summary only. Only limited summary data is available for this year.$2.79$0.29$2.50$0.88$0.31$0.57
2015Summary only. Only limited summary data is available for this year.$2.91$1.73$1.18$0.68$0.26$0.42
2014Summary only. Only limited summary data is available for this year.$2.37$1.60$0.76$0.77$0.01$0.76