Lower Manhattan Cultural Council Inc
- Assets
- $12.3m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 20
- Location
- New York, NY
- Founding
- 02/1974
- Data as of
- 06/2021
- EIN
- 23-7348782
Organization Overview
Lower Manhattan Cultural Council Inc is located in New York, NY. The organization was established in 1974. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Lower Manhattan Cultural Council Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lower Manhattan Cultural Council Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Lower Manhattan Cultural Council Inc generated $4.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $4.4m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Lower Manhattan Cultural Council Inc has awarded 396 individual grants totaling $3,121,343. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A FERTILE & NURTURING ENVIRONMENT FOR ARTISTS & ART GROUPS (CONTINUED ON SCHEDULE O).
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS & SERVICES: SEE SCHEDULE O.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diego S Segalini Executive Director, Finance & Admin | Officer | 50 | $111,278 |
Aurelie Lili Chopra Executive Director, Artistic Program | Officer | 50 | $106,925 |
Timur Galen Chair | OfficerTrustee | 3 | $0 |
Francis Greenburger Treasurer | OfficerTrustee | 3 | $0 |
Kimberly Blacklow Vice Chair, Secretary | OfficerTrustee | 3 | $0 |
Kevin Hoo Vice Chair | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $346,692 |
| Related organizations | $0 |
| Government grants | $2,502,275 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,269,555 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,118,522 |
| Total Program Service Revenue | $14,835 |
| Investment income | $2,727 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,763 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,161,213 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $847,400 |
| Grants and other assistance to domestic individuals. | $524,651 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $322,772 |
| Compensation of current officers, directors, key employees. | $77,725 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $704,383 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $121,105 |
| Payroll taxes | $76,759 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,100 |
| Fees for services: Accounting | $28,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $213,123 |
| Advertising and promotion | $51,063 |
| Office expenses | $56,816 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $208,757 |
| Travel | $23,781 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,062 |
| Interest | $163,295 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $233,273 |
| Insurance | $56,292 |
| All other expenses | $0 |
| Total functional expenses | $4,398,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,555 |
| Savings and temporary cash investments | $1,468,713 |
| Pledges and grants receivable | $2,451,243 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $178,012 |
| Net Land, buildings, and equipment | $8,196,951 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,296,474 |
| Accounts payable and accrued expenses | $556,428 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,013,852 |
| Unsecured mortgages and notes payable | $1,750,001 |
| Other liabilities | $0 |
| Total liabilities | $3,320,281 |
| Net assets without donor restrictions | $8,279,762 |
| Net assets with donor restrictions | $696,431 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,296,474 |
Grants Awarded
Over the last fiscal year, Lower Manhattan Cultural Council Inc has awarded $546,800 in support to 75 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: ARTS PROJECT | $9,400 |
New York, NY PURPOSE: ARTS PROJECT | $9,400 |
New York, NY PURPOSE: ARTS PROJECT | $9,400 |
New York, NY PURPOSE: ARTS PROJECT | $9,400 |
New York, NY PURPOSE: ARTS PROJECT | $9,000 |
New York, NY PURPOSE: ARTS PROJECT | $9,000 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Lower Manhattan Cultural Council Inc has recieved totaling $211,800.
| Awarding Organization | Amount |
|---|---|
Milton And Sally Avery Arts Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $75,000 |
Mertz Gilmore Foundation New York, NY PURPOSE: DANCE PRESENTATIONS | $30,000 |
Rileys Way Foundation Brooklyn, NY PURPOSE: TO CARRY OUT PROGRAM ACTIVITIES, SIMILAR TO ALL OTHER GRANTS MADE BY THE FOUNDATION IN THE CURRENT YEAR AND PRIOR YEARS | $22,500 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $16,000 |
Norman & Bettina Roberts Foundation Inc Hillsdale, NJ PURPOSE: DONATION | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $12,800 |
Endowment Analysis
| Beg. Balance | $2,141,400 |
| Net Contributions | $609,446 |
| Other Expense | $1,054,415 |
| Ending Balance | $1,696,431 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lower Manhattan Cultural Council Inc New York, NY | $12,296,474 | $4,161,213 |
Vermont Council On The Arts Inc Montpelier, VT | $1,668,560 | $4,418,731 |
Cny Arts Inc Syracuse, NY | $3,639,990 | $4,131,478 |
Artswestchester Inc White Plains, NY | $12,989,925 | $5,051,265 |
Brooklyn Arts Council Brooklyn, NY | $3,792,186 | $4,166,214 |
The Council For Canadian American Relations Inc New York, NY | $2,490,659 | $3,178,474 |
Newark Arts Council Newark, NJ | $1,947,360 | $2,660,381 |
Greater Philadelphia Cultural Alliance Philadelphia, PA | $2,137,622 | $2,196,078 |
Spaceworks Nyc Inc New York, NY | $311,147 | $269,250 |
Bronx Council On The Arts Inc Bronx, NY | $7,969,070 | $2,295,657 |
Dance Service New York City Inc New York, NY | $6,304,489 | $5,030,876 |
Flushing Council On Culture And The Arts Inc Flushing, NY | $1,674,385 | $1,969,249 |