Civic Intelligence

Monira Foundation

990 • Fiscal year 2021 • EIN 83-2861500

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 04, 2022

888 Newark AvenueJersey City, NJ 07306

(212) 413-2882

Siviq Scores

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

Liabilities / Assets

58th percentile

0.09x

Higher debt load relative to assets than 58% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

47th percentile

0.05x

Higher debt load relative to revenue than 47% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Source year 2021

Net Margin

84th percentile

46%

Higher net margin than 84% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

94th percentile

$120,000

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 14.4% of source-year revenue.

2021 filings • NTEE A • $500k-$1M nonprofits • Source year 2021

Asset Growth

99th percentile

1243%

Faster asset growth than 99% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

97th percentile

405%

Faster revenue growth than 97% of similar nonprofits.

2021 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$463,613

Up $429,083 (+1243%) from 2020

Net Assets

$420,948

No earlier filing loaded for comparison.

Liabilities

Up

$42,665

Up $42,665 from 2020

Revenue

Up

$831,757

Up $667,107 (+405%) from 2020

Expenses

Up

$445,868

Up $315,748 (+243%) from 2020

Net Income

Up

$385,889

Up $351,359 (+1018%) from 2020

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2020: $34,530Liabilities 2020: $02020Assets 2021: $463,613Liabilities 2021: $42,665Net Assets 2021: $420,9482021Assets 2022: $481,186Liabilities 2022: $956Net Assets 2022: $480,2302022Assets 2023: $452,450Liabilities 2023: $20,841Net Assets 2023: $431,6092023Assets 2024: $427,574Liabilities 2024: $41,469Net Assets 2024: $386,1052024

Highlighted filing

2021

Assets$463,613
Liabilities$42,665
Net Assets$420,948

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2020: $164,650Expenses 2020: $130,120Net Income 2020: $34,5302020Revenue 2021: $831,757Expenses 2021: $445,868Net Income 2021: $385,8892021Revenue 2022: $509,807Expenses 2022: $450,525Net Income 2022: $59,2822022Revenue 2023: $381,101Expenses 2023: $429,722Net Income 2023: -$48,6212023Revenue 2024: $401,991Expenses 2024: $447,494Net Income 2024: -$45,5032024

Highlighted filing

2021

Revenue$831,757
Expenses$445,868
Net Income$385,889
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 4, 2022
Return Version
2021v4.0
Gross Receipts
$831,757
Mission and Program Overview

Mission

The Foundation's mission is to expand the reach and quality of art available to the public through residences exhibitions and educational programs that address urgent and ongoing community needs particularly as those needs evolve and change.

Monira Foundation's the "Foundation" charitable mission is to expand the reach and quality of art available to the public through residencies exhibitions and educational programs that address urgent and ongoing community needs particularly as these needs evolve and change. The Foundation's charitable activities include collaborating closely with artists curators musicians producers and writes to conceive realize and present innovative projects in all media that aim to spark intensify and promote an evolving cultural and social dialogue between creators audiences and institutions. The Foundation also provides free education and event programming as well as art exhibitions for the benefit of the public in order to amplify artistic contribution to distant and local communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$34,530$63,613▲ $29,083
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$34,530$463,613▲ $429,083
Other Assets Total$0$400,000▲ $400,000
Liabilities
Accounts Payable and Accrued Expenses$0$42,665▲ $42,665
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$42,665▲ $42,665
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$34,530$420,948▲ $386,418
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$34,530$420,948▲ $386,418
Total Liabilities and Net Assets / Fund Balance$34,530$463,613▲ $429,083

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$400,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ysabel Pinyol BlasiDirector President Exec Director CuratorFT$120,000$120,000

Board Members and Trustees

NameTitle
Phong BuiDirector Co-Chair
Eugene LemayDirector Co-Chair exited Nov 2021
Brite KleemannDirector
Clark WinterDirector
Judd GrossmanDirector
Shirin NeshadDirector
Gary KratDirector Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$831,156
Program Service Revenue
$0
Investment Income
$1
Other Revenue
$600
All Other Contributions
$821,884
Change in Net Assets
$385,889

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
Works of Art25$400,000Opinion of qualified appraiser qualified appraisal
Total Noncash Contributions25$400,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$319,560
Other Expenses$121,358
Total Fundraising Expense$20,400
Professional Fundraising Fees$4,950
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$0$120,000$0$120,000
Other Salaries and Wages$0$113,769$0$113,769
Other Employee Benefits$0$66,036$0$66,036
Fees for Services Legal$0$31,860$0$31,860
Advertising$13,886$0$15,450$29,336
Payroll Taxes$0$19,755$0$19,755
Fees for Services Accounting$0$19,443$0$19,443
Fees for Services Management$6,123$7,986$0$14,109
Office Expenses$0$7,443$0$7,443
Occupancy$0$6,760$0$6,760
Travel$5,436$0$0$5,436
Fees for Services Professional Fundraising--$4,950$4,950
Insurance$0$3,454$0$3,454
Conferences and Meetings$2,549$0$0$2,549
Fees for Services Other$968$0$0$968
Total Functional Expenses$28,962$396,506$20,400$445,868
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$4,950
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Part VI, Line 6

The Foundation a Delaware nonstock nonprofit corporation has one class of members.

Part VI, Line 7B

The Foundation's members may remove a director and may make certain other decisions affecting the ongoing existence of the Foundation i.e. dissolution.

Part VI, Line 11A

The Foundation distributes the Form 990 to the Foundation's directors to review and provide comments.

Part VI, Line 12C

Pursuant to the Foundation's Conflict of Interest Policy the directors and officers make annual certifications regarding potential conflict of interests.

Part VI, Line 15

Any compensation is fixed by the disinterested directors and determined to be fair and reasonable in relation to the duties qualifications and obligations of the compensated individual in light of what other similarly situated organizations compensate similar individuals.

Part VI, Line 19

The Foundation's documents are located at c o Polsinelli PC 600 Third Avenue 40 Fl. New York NY 10016 and are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Monira Foundation
EIN
83-2861500
In Care Of
% Ysabel Pinyol Blasi
Phone
2124132882
Address
888 Newark Avenue, Jersey City, NJ 07306

Signing Officer

Name
Ysabel Blasi Pinyol
Title
President Executive Director
Signed
2022-04-04
Discuss with paid preparer
No

Organization Details

Principal Officer
Ysabel Pinyol Blasi
Formed
2018
Legal Domicile
De
Voting Board Members
6
Independent Board Members
5
Employees
3
Volunteers
0

Preparer

Firm
Polsinelli PC
Address
600 3rd Avenue, 40th Floor, New York, NY 10016
Preparer
Andrew Grumet
Phone
2146615532
Supplemental Narrative

Additional Explanations

Part III, Line 4D

| Description:, Expense Amount:, Grants Amount:, Revenue Amount:| In addition to the programs detailed in Part III Line 4a-c the Foundation also ran additional educational programs and events for all ages including music and dance performances special events film screenings poetry readings and panel discussions on art and politics., $7198, $0, $0|

Part XI, Line 9

| Description:, Explanation:, Amount:| Assets without donor restrictions, Opening equity balance of the Foundation., $529|

Financial Statement Notes

Part III, line 4

The Foundation's mission is to expand the reach and quality of art available to the public through residencies exhibitions and educational programs that address urgent and ongoing community needs particularly as these needs evolve and change. In furtherance of its charitable mission the Foundation uses its works of art to host and produce exhibitions to work with the community share artistic impact and create programs that reflect and further the Foundation's charitable mission. The Foundation does not have any current plans to sell its works of art in the future.

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