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Nonprofiteer
← LOWER MANHATTAN CULTURAL COUNCIL INC

Form 990 for tax year 2022

Filed by LOWER MANHATTAN CULTURAL COUNCIL INC.

Totals

Total revenue
$5,022,154
Total expenses
$5,415,486
Contributions and grants received
$5,133,257
Grants paid
$1,657,950
Program service revenue
$69,815
Investment income
$591
Other revenue
-$181,509
Total assets, end of year
$9,170,086
Total liabilities, end of year
$1,088,029
Net assets or fund balances, end of year
$8,082,057
Program services expenses (Part IX)
$4,701,468
Management and general expenses
$521,925
Fundraising expenses
$192,093
Program service expenses (Part III)
$4,701,468

Program services were 86.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $627,555

  • 1e · Government grants (contributions)

    $2,951,570

  • 1f · All other contributions, gifts and grants

    $1,554,132

  • 2a · Program service revenue: PROGRAM

    total $69,815 · related or exempt $69,815

  • 3 · Investment income

    total $591 · excluded $591

  • 8a · Fundraising events: gross income

    $49,910

  • 8a · Fundraising events: contributions included on line 1c

    $627,555

  • 8b · Fundraising events: direct expenses

    $231,419

  • 8c · Net income from fundraising events

    total -$181,509 · excluded -$181,509

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $684,950 · program services $684,950

  • 2 · Grants to domestic individuals

    total $973,000 · program services $973,000

  • 5 · Compensation of officers, directors and key employees

    total $153,286 · program services $109,512 · management and general $32,147 · fundraising $11,627

  • 7 · Other salaries and wages

    total $949,488 · program services $674,119 · management and general $203,124 · fundraising $72,245

  • 9 · Other employee benefits

    total $103,742 · program services $79,744 · management and general $16,433 · fundraising $7,565

  • 10 · Payroll taxes

    total $86,238 · program services $66,290 · management and general $13,660 · fundraising $6,288

  • 11b · Fees: legal

    total $11,391 · program services $4,962 · management and general $5,591 · fundraising $838

  • 11c · Fees: accounting

    total $34,175 · program services $14,887 · management and general $16,775 · fundraising $2,513

  • 11g · Fees: other

    total $320,676 · program services $285,572 · fundraising $35,104

  • 12 · Advertising and promotion

    total $28,113 · program services $20,000 · management and general $7,701 · fundraising $412

  • 13 · Office expenses

    total $132,486 · program services $123,594 · management and general $3,526 · fundraising $5,366

  • 16 · Occupancy

    total $365,957 · program services $365,948 · fundraising $9

  • 17 · Travel

    total $15,529 · program services $11,873 · management and general $716 · fundraising $2,940

  • 19 · Conferences, conventions and meetings

    total $26,820 · program services $14,907 · management and general $1,946 · fundraising $9,967

  • 20 · Interest

    total $73,789 · program services $64,934 · management and general $7,379 · fundraising $1,476

  • 22 · Depreciation, depletion and amortization

    total $287,169 · program services $252,709 · management and general $28,717 · fundraising $5,743

  • 23 · Insurance

    total $51,505 · program services $39,427 · management and general $12,078

  • 24a · Other expenses: ARTIST'S FEES

    total $550,238 · program services $550,238

  • 24b · Other expenses: PRODUCTION

    total $338,885 · program services $270,863 · management and general $47,097 · fundraising $20,925

  • 24c · Other expenses: UNCOLLECTIBLE RECEIVABL

    total $95,000 · management and general $95,000

  • 24d · Other expenses: MISCELLANEOUS

    total $69,647 · program services $48,241 · management and general $16,299 · fundraising $5,107

  • 24e · All other expenses

    total $63,402 · program services $45,698 · management and general $13,736 · fundraising $3,968

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $554

  • 2 · Savings and temporary cash investments

    beginning of year $1,084,238 · end of year $420,261

  • 3 · Pledges and grants receivable

    beginning of year $835,700 · end of year $1,051,433

  • 9 · Prepaid expenses and deferred charges

    beginning of year $67,093 · end of year $75,698

  • 10a · Land, buildings and equipment: cost or other basis

    $10,570,141

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,947,447

  • 10c · Land, buildings and equipment, net

    beginning of year $7,901,863 · end of year $7,622,694

  • 17 · Accounts payable and accrued expenses

    beginning of year $353,780 · end of year $228,012

  • 23 · Secured mortgages and notes payable

    beginning of year $855,278 · end of year $817,516

  • 24 · Unsecured notes and loans payable

    beginning of year $205,001 · end of year $42,501

  • 27 · Net assets without donor restrictions

    beginning of year $8,244,989 · end of year $7,552,407

  • 28 · Net assets with donor restrictions

    beginning of year $230,400 · end of year $529,650

Mission and programs · 2022

Mission

SEE SCHEDULE O.

Activities or mission (Part I)

TO CREATE A FERTILE & NURTURING ENVIRONMENT FOR ARTISTS & ART GROUPS (CONTINUED ON SCHEDULE O).

  • GRANTS & SERVICES: SEE SCHEDULE O.

    Expenses $2,616,477 · Grants $1,657,950

  • PROGRAMS:A VARIETY OF PUBLIC PROGRAMS (SYMPOSIA, CONFERENCES, PUBLIC ART EXHIBITS, PERFORMANCES, AND FILM SCREENINGS) PRODUCED TO STIMULATE INNOVATIVE ART AND DIALOGUE ON CONTEMPORARY URBAN ISSUES, AND TO BRING ART TO DOWNTOWN AUDIENCES.

    Expenses $1,324,599 · Revenue $69,815

  • ARTIST RESIDENCIES:STUDIO RESIDENCY PROGRAM THAT PROVIDES ARTISTS, WRITERS AND ART GROUPS WORKING IN DIVERSE MEDIA AND GENRES WITH FREE WORKSPACE AND ACCESS TO OTHER RESOURCES AND SERVICES.

    Expenses $760,392

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TIMUR GALEN

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • KIMBERLY BLACKLOW

    VICE CHAIR, SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • FRANCIS GREENBURGER

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • MICHAEL ASHWORTH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • JAY BERMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • SUSAN BOYLE

    DIRECTOR (ENDED)

    Total calculated
    $0
    Hours/week
    3

  • MARCIA CABANA

    DIRECTOR (ENDED)

    Total calculated
    $0
    Hours/week
    3

  • BRUCE EHRMANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • EKENE EZULIKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • SHARI HYMAN

    DIRECTOR (ENDED)

    Total calculated
    $0
    Hours/week
    3

  • DAVID JANSEN

    DIRECTOR (ENDED)

    Total calculated
    $0
    Hours/week
    3

  • MEREDIT KANE

    DIRECTOR (ENDED)

    Total calculated
    $0
    Hours/week
    3

  • ADAM MEISTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • RICHARD MINES

    DIRECTOR (ENDED)

    Total calculated
    $0
    Hours/week
    3

  • R SARAH RICHARDSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • BRIAN SALUZZO

    DIRECTOR (ENDED)

    Total calculated
    $0
    Hours/week
    3

  • SUJOHN SARKAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • CRAIG SCHWITTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • MATTHEW VAN BUREN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • ALEJANDRO PEREZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • JAMES DONAGHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • BENNET DUNKLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • TERRY HUDAK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • ANITA LAREMONT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • HAL STEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • CRAIG PETERSON

    PRESIDENT

    Total calculated
    $203,675
    From this org
    $199,840
    From related orgs
    $0
    Other
    $3,835
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $199,840
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $3,835
    Filer's total
    $203,675

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
9 April 2024
IRS schema version
2022v5.0
Source object
202411099349300346

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