Exploring the Metropolis Inc

Nonprofit profile at a glance

EIN
133164931
IRS 990-EZ coverage
2021–2021
Forms available
Form 990 2020, Form 990-EZ 2021
Location
New York, NY, USA
Phone
6467532260
Rating
56
Verdict
MIXED
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Reported finances

Revenue
$796
Expenses
$25,606
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Marieke Spence (President)
  • David Johnston (Executive Director)

People named in this filing

  • Eugenie C Cowan (Board Chairwoman)
  • Marieke Spence (President)
  • Kimberly Mangold (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of Exploring the Metropolis (EtM) is to study, analyze and resolve the workspace needs of the cultural and performing arts community in the New York City area. EtM achieves this mission through 1) Artist residency programs matching performing artists in need of workspace with facilities that have underutilized space 2) Research studies assessing workspace issues affecting the arts industry in all five boroughs of NYC, and 3) Consulting work, assisting facility managers with better management and utilization of their existing spaces.

What it reported doing in 2021

EtM ceased all program operations as of June 30, 2020 as a result of the COVID-19 pandemic. Upon dissolution, it transferred its remaining assets to support the work of Redtail Artist Residencies, a fiscally-sponsored project created to continue the work of EtM. (Please see a more detailed explanation on Schedule O.)

Operating model

Revenue model
Other-operating. 99% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of total spending goes to programs and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 46
  • Transparency & Controls: 82
  • Sustainability: 2
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.6%; rating input score 73
  • Program expense ratio: 2.3%; rating input score 2

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -3,116.8%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 5.4%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -13.1% per year; rating input score 0; 24th percentile among comparable filings
  • Asset growth: -20.7% per year; rating input score 0; 8th percentile among comparable filings

Details

  • Where the money goes: 72.6% of revenue deployed · 2.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $578 in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Program expense ratio scored 2/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.