Manchester Acupuncture Studio
- Assets
- $252.2k
- Revenue
- $407.9k
- Investments
- $0.0
- Employees
- 11
- Location
- Manchester, NH
- Founding
- 12/2017
- Data as of
- 12/2021
- 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 12/2021, Manchester Acupuncture Studio employed 11 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 12/2021, Manchester Acupuncture Studio generated $407.9k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $327.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 5 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
2021
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. IN 2021, WE PERFORMED 13,187 TREATMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Wegman Asst Treasurer Executive Di | OfficerTrustee | 50 | $61,275 |
Jennifer Woolf Treasurer | OfficerTrustee | 5 | $0 |
Cathy Maesk Secretary | Trustee | 5 | $0 |
Wendy Canuel Officer | Trustee | 5 | $0 |
Jeff Newey Officer | Trustee | 5 | $0 |
Laura Labrie Vice Chairperson | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $89,165 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,327 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,492 |
| Total Program Service Revenue | $298,285 |
| Investment income | $28 |
| 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 | $8,106 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $407,911 |
| 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. | $61,275 |
| Compensation of current officers, directors, key employees. | $12,255 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $122,549 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,572 |
| Payroll taxes | $15,895 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,094 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,956 |
| Advertising and promotion | $3,168 |
| Office expenses | $17,516 |
| Information technology | $2,534 |
| Royalties | $0 |
| Occupancy | $69,101 |
| Travel | $168 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $135 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,497 |
| Insurance | $4,559 |
| All other expenses | $0 |
| Total functional expenses | $327,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $247,953 |
| 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 | $4,214 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $252,167 |
| Accounts payable and accrued expenses | $3,135 |
| 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 | $149,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $153,035 |
| Net assets without donor restrictions | $99,132 |
| 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 | $252,167 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Manchester Acupuncture Studio has recieved totaling $547.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $547 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penobscot Community Health Center Bangor, ME | $45,779,273 | $89,145,300 |
Signature Healthcare Medical Group Inc Brockton, MA | $35,048,796 | $73,463,169 |
Harbor Health Services Inc Mattapan, MA | $64,061,825 | $83,480,728 |
Greater Lawrence Family Health Center Inc Methuen, MA | $53,771,821 | $80,885,581 |
Lynn Community Health Inc Lynn, MA | $37,031,099 | $77,579,888 |
Brockton Neighborhood Health Center Inc Brockton, MA | $39,658,697 | $59,119,729 |
Lowell Community Health Center Inc Lowell, MA | $88,154,778 | $59,766,224 |
Codman Square Health Center Inc Dorchester, MA | $53,827,018 | $55,977,934 |
Health Care And Rehabilitation Services Of Southeastern Vermont I Springfield, VT | $22,048,615 | $47,573,414 |
Edward M Kennedy Community Health Center Inc Worcester, MA | $41,035,086 | $39,964,203 |
South Cove Community Health Center Inc Boston, MA | $128,100,399 | $51,616,127 |
Community Health Centers Of Burlington Inc Burlington, VT | $36,676,159 | $37,010,902 |