Chinese Theater Works INC EIN 11-2393789

Chinese Theater Works INC

EIN  11-2393789 Public charity (501(c)(3)) Long Is City, NY
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Size
$100K–1M
What they do
Preserves and promotes traditional Chinese performing arts, creating new works and fostering global cultural understanding.
Leadership
Stephen Kaplin · Treasurer · $46K
Money in and out
$263K revenue, $306K expenses
Bottom line
56% program efficiency

Preserves and promotes traditional Chinese performing arts, creating new works and fostering global cultural understanding. For fiscal year 2024 it reported $263K in revenue, $306K in expenses, and $146K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$263K
Pt VIII · Ln 12
Total expenses
$306K
Pt IX · Ln 25
Net assets
$146K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$44K
Where spending went · Part IX cols B–D
Program services $0.56 Management & general $0.44 Fundraising $0.00
Program efficiency
56%
of spending reaches programs0% vs prior filing year
Operating runway
5.5mo
months of highly liquid reserves at operating expense rate▼ -15% vs prior filing year
Surplus margin
-17%
revenue over expenses, this year▼ -276% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$263K
FY2024▼ -15%
Expenses
$306K
FY2024▼ -5%
Total assets
$221K
FY2024▼ -18%
Total liabilities
$75K
FY2024▼ -6%
Total revenue
$263K
Pt VIII · Ln 12
Total expenses
$306K
Pt IX · Ln 25
Net assets
$146K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$44K
Total assetsPt X · Ln 16$221K
Program-expense ratioPt IX · col B56%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $172K of program spending, described in the organization's own filed words · FY2023.
01

The organization presents performances, lecture & demonstrations. The goal is to have the people learn more about the the ancient Asian Shadow Theater.

$172Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChinese Theater Works INC
EINHdr · item D11-2393789
Principal addressHdr · item CLong Is City, NY
WebsiteHdr · item Jchinesetheatreworks.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A650)
Ruling yearIRS BMFFeb 1977

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$46,063Pt VII · Sec A
Exec Director
$32,650Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Stephen Kaplin’s $46K as Treasurer is at the 40th percentile of top reported officer pay among 2212 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Stephen Kaplin$46,063$40,863$30,303$30,895
Kuang Yu Fong$32,650$34,436$31,027$27,441$19,595
Steven Kaplin$18,245

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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Statement of Revenue

Part VIII
Contributions & grants$169K · 65%
Program service revenue$91K · 35%
Other revenue$2K · 1%
Contributions & grants65%$169K
Program service revenue35%$91K
Other revenue1%$2K
Investment income$296
— government grantsLn 1e$125K
Total revenueLn 12$263K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.56 Management & general $0.44 Fundraising $0.00
Program services56%$172K
Management & general44%$134K
Fundraising$676
Total functional expensesLn 25$306K

Balance Sheet

Part X · end of year
CashLn 1$141K
Total assetsLn 16$221K
Total liabilitiesLn 26$75K
Total net assetsLn 32$146K
Months of cash on handcomputed5.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $141K · Operating expenses/yr $306K
5.5 months
Where the money goes
Program services
Program services $172K · Total expenses $306K
56%
Management & General
Management & general $134K · Total expenses $306K
44%
Fundraising
Fundraising $676 · Total expenses $306K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $642 · Solicited contributions (3-yr avg) $71K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $169K · Total revenue $263K
65%
Government reliance
Government grants $125K · Total revenue $263K
48%
Earned-income share
Program service revenue $91K · Total revenue $263K
35%
Investment reliance
Investment income $296 · Total revenue $263K
0%
Program self-sufficiency
Program service revenue $91K · Total expenses $306K
30%
Growth & trend
Revenue growth (YoY)
This year $263K · Prior year $309K
-15%
Revenue CAGR
FY2019 $184K · FY2023 $263K
+9%
Net-asset trend (YoY)
End of year $146K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $263K · Expenses $306K
-17%
Liabilities-to-Assets
Total liabilities — · Total assets $221K
Net-asset ratio
Net assets $146K · Total assets $221K
66%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $221K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Stephen Kaplin · Reported title Treasurer · Highest reported compensation $46K · Total expenses $306K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $172K · Total expenses $306K
56%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 56%
Overhead ratio 44%
Fundraising cost ratio 0%
Revenue growth -15%
Accounting fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$30K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$263K revenue · viewing · ⤓ 990 PDF
FY2023$309K revenue · ⤓ 990 PDF
FY2022$314K revenue · ⤓ 990 PDF
FY2021$315K revenue · ⤓ 990 PDF
FY2020$184K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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