Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1993.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
71 cents of each dollar spent went to programs.
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
10 people listed on the 990; $67K paid to officers and key staff.
David Herskovits’s $83K as Artistic Dir. is at the 20th percentile of top reported officer pay among 3924 $1–10M 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 · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| David Herskovits | $82,787 | $77,250 | $75,654 | $69,785 | $67,258 | $67,515 |
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
Presents theater productions and workshops to promote cultural arts.
Questions for Target Margin Theater INC
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The group produced and performed plays and other minor programs related to enhancing the understanding of theater arts. The shows were widely attended. The purpose of the shows was to enhance and teach about theater arts.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $445K | $651K |
| Land, buildings, equipmentLn 10c | $32K | $27K |
| Total assetsLn 16 | $682K | $938K |
| LiabilitiesLn 26 | $71K | $82K |
| Net assetsLn 32 | $612K | $856K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $67K | $50K | $3K | $13K |
| Other salaries and wagesLn 7 | $183K | $137K | $35K | $11K |
| Other employee benefitsLn 9 | $22K | $15K | $4K | $3K |
| Payroll taxesLn 10 | $21K | $16K | $3K | $2K |
| Accounting feesLn 11c | $9K | $9K | ||
| Other fees for servicesLn 11g | $500 | $500 | ||
| Advertising and promotionLn 12 | $3K | $3K | $169 | $573 |
| Office expensesLn 13 | $5K | $3K | $896 | $587 |
| OccupancyLn 16 | $98K | $67K | $18K | $12K |
| TravelLn 17 | $9K | $5K | $572 | $3K |
| Depreciation, depletion and amortizationLn 22 | $7K | $5K | $1K | $859 |
| InsuranceLn 23 | $3K | $2K | $558 | $366 |
| Other expenses (24a–d)Ln 24 | $32K | $24K | $3K | $5K |
| All other expensesLn 24e | $7K | $3K | $751 | $3K |
| Total functional expensesLn 25 | $467K | $331K | $80K | $56K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $1.0M | $974K | $28K | $826K | 990 PDF |
| FY2024 | $880K | $759K | $121K | $798K | 990 PDF |
| FY2023 | $618K | $722K | −$104K | $677K | 990 PDF |
| FY2022 | $716K | $791K | −$76K | $780K | 990 PDF |
| FY2021 Viewing | $711K | $467K | $244K | $856K | 990 PDF |
| FY2020 | $750K | $597K | $154K | $612K | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $711,292 revenue, 12 lines filed
Part VI · Governance 9 of 10 board members independent, 2 to look at
Part VIII · Statement of revenue $711,292 across 6 lines filed
Part IX · Statement of functional expenses $466,794 across 14 lines filed
Part X · Balance sheet $938,332 assets, 15 lines filed
Part XI · Reconciliation of net assets $856,209 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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