Manchester Acupuncture Studio
- Assets
- $214.4k
- Revenue
- $349.8k
- Investments
- $0.0
- Employees
- 10
- Location
- Manchester, NH
- Founding
- 12/2017
- Data as of
- 12/2022
- EIN
- 81-4825508
Organization Overview
Manchester Acupuncture Studio is located in Manchester, NH. The organization was established in 2017. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2022, Manchester Acupuncture Studio employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manchester Acupuncture Studio 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 12/2022, Manchester Acupuncture Studio generated $349.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $335.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MANCHESTER ACUPUNCTURE STUDIO IS A 501(C)3 NON-PROFIT ORGANIZATION THAT PROMOTES AND PROVIDES LOW-COST ACUPUNCTURE TO THE COMMUNITY AS A GROUP PRACTICE. OUR GOAL IS TO REMOVE FINANCIAL, CULTURAL AND EDUCATIONAL BARRIERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACUPUNCTURE SERVICES PROVIDED IN A COMMUNITY CLINIC SETTING ON A PAY-WHAT-YOU CAN SLIDING SCALE OF $20-$40 PER TREATMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adele Mcvey Chairperson | Trustee | 5 | $0 |
Maryann Piantedosi Asst Secretary | Trustee | 5 | $0 |
Syliva Lopez Treasurer | Trustee | 5 | $0 |
Andrea Decillio Officer | Trustee | 5 | $0 |
Kristin Woods Officer | Trustee | 5 | $0 |
Andrew Wegman Asst Treasurer Executive Di | OfficerTrustee | 50 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,693 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,393 |
| Total Program Service Revenue | $307,968 |
| Investment income | $37 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $5,383 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $349,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $55,800 |
| Compensation of current officers, directors, key employees. | $9,560 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,393 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,235 |
| Payroll taxes | $15,128 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,219 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,849 |
| Advertising and promotion | $2,774 |
| Office expenses | $21,639 |
| Information technology | $2,559 |
| Royalties | $0 |
| Occupancy | $72,357 |
| Travel | $301 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $67 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,046 |
| Insurance | $5,047 |
| All other expenses | $0 |
| Total functional expenses | $335,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $208,449 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,993 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $214,442 |
| Accounts payable and accrued expenses | $1,219 |
| 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 | $99,250 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $100,469 |
| Net assets without donor restrictions | $113,973 |
| Net assets with donor restrictions | $0 |
| 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 | $214,442 |