Microverse INC FY2022 filing

Brooklyn, NYUnknown exempt organization EIN 88-0533161Revenue $456K in FY2022

On file with the IRSmicro.ooo111 N 8th St · Brooklyn, NY

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Arts education organization that replicate museums by building a fleet of six-foot-tall museums and sends them out to the groups and venues in communities in order to provide equal access to fundamental knowledge.

80¢ of each $1 spent went to programs.
$59K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$59K
to officers and key staff · 31% of spending
Concern: pay to officers and key staff is 31% of spending; over 30%.
Pt VII · Sec A
16 mo
of spending, in cash
Looks good: 16.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $400K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$814
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$456K
Spent
$192K
To programs
80%
Net assets
$265K
By yearFY2022–FY2023
Revenue
$456K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$456K
FY2023$1K
Net assets
$265K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$265K
FY2023$0

From the FY2022 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $154K Management & general 7% · $13K Fundraising 13% · $24K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $59K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$33,859Pt VII · Sec A
$25,101Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022
Sarah Mullens$40,000$33,859
Charles Philipp$35$25,101

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Builds and sends miniature museums to communities, providing equal access to art education.

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Provided by the organization

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1 program · $154K · in their own filed words · FY2022
01

Mircorverse is a arts education organization that replicates museums by building a fleet of six-foot-tall museums and distributes them into the community. Our team of scientists, designers, engineers, and storytellers take a vast, complex world, and squeeze it down into boxes the size of vending machines.

$154Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$400K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$456K
Ln 12
Gifts and grantsLn 1h$456K
Money outPt IX
$192K
Ln 25
Programscol B$154K
Managementcol C$13K
Fundraisingcol D$24K
Owns and owesPt X
$265K
net assets · Ln 32
Cash and savingsLn 1–2$263K
Total assetsLn 16$266K
LiabilitiesLn 26$814
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$456K
Total revenueLn 12$456K
Assets in detailPt X, end of year
CashLn 1$263K
Cash and savings togetherLn 1–2$263K
Total assetsLn 16$266K
LiabilitiesLn 26$814
Net assetsLn 32$265K
OperationsPt I, VI
EmployeesI 55
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$263K
Total assetsLn 16$0$266K
LiabilitiesLn 26$0$814
Net assetsLn 32$0$265K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$59K$41K$9K$9K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$60K$45K$16K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$4K$3K$793
Payroll taxesLn 10$13K$13K
Management feesLn 11a$0
Legal feesLn 11b$40$40
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$17K$17K
Advertising and promotionLn 12$0
Office expensesLn 13$653$390$263
Information technologyLn 14$505$346$159
RoyaltiesLn 15$0
OccupancyLn 16$20K$20K
TravelLn 17$2K$1K$409
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$13K$13K$16
All other expensesLn 24e$0
Total functional expensesLn 25$192K$154K$13K$24K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $1K$0 990 PDF
FY2022 Viewing $456K$192K$265K$265K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $456,419 revenue, 12 lines filed
I-8 Contributions and grants$456,419
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$456,419
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$135,908
I-16a Professional fundraising fees$0
I-17 Other expenses$55,780
I-18 Total expenses$191,688
I-19 Revenue less expenses$264,731
Part VI · Governance 5 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $456,419 across 3 lines filed
VIII-1f All other contributions, gifts and grants$456,419
VIII-1h Total contributions, gifts and grants$456,419
VIII-12 Total revenue$456,419
Part IX · Statement of functional expenses $191,688 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $41,164 · Management $8,898 · Fundraising $8,898$58,960
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $44,749 · Fundraising $15,520$60,269
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $3,314 · Management $793$4,107
IX-10 Payroll taxesPrograms $12,572$12,572
IX-11a Management fees$0
IX-11b Legal feesManagement $40$40
IX-11c Accounting feesManagement $2,720$2,720
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $16,699$16,699
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $390 · Management $263$653
IX-14 Information technologyPrograms $346 · Management $159$505
IX-15 Royalties$0
IX-16 OccupancyPrograms $20,261$20,261
IX-17 TravelPrograms $1,148 · Management $409$1,557
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $13,329 · Management $16$13,345
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $153,972 · Management $13,298 · Fundraising $24,418$191,688
Part X · Balance sheet $265,545 assets, 8 lines filed
X-1 Cash, non-interest-bearing$263,321
X-4 Accounts receivable$2,224
X-16 Total assetsStart of year $0$265,545
X-25 Other liabilities$814
X-26 Total liabilitiesStart of year $0$814
X-27 Net assets without donor restrictions$264,731
X-32 Total net assets or fund balancesStart of year $0$264,731
X-33 Total liabilities and net assetsStart of year $0$265,545
Part XI · Reconciliation of net assets $264,731 net assets at year end
XI-1 Total revenue$456,419
XI-2 Total expenses$191,688
XI-3 Revenue less expenses$264,731
XI-10 Net assets at end of year$264,731

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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