Teatro Grattacielo INC EIN 13-3789627 Form 990 (PDF) Claim this org

Teatro Grattacielo INC

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Presents rarely heard operas to American audiences. For fiscal year 2025 it reported $664K in revenue, $518K in expenses, and $337K in net assets.Pt I

Founded
1994
Type
Public charity (501(c)(3)) · Arts & Culture
Location
New York, NY
Website
www.grattacielo.org
Filings
8 on file (2018–2025)
Revenue
$664KFY2025
Expenses
$518K
Net assets
$337K
People
12
Filings
8
Updates
0
More identity details & actions ⌄
EIN  13-3789627 Public charity (501(c)(3)) New York, NY Founded 1994
Form 990 (PDF)
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Size
$100K–1M
What they do
Presents rarely heard operas to American audiences.
Leadership
Stefanos Koroneos · General and Artistic Director · $98K
Money in and out
$664K revenue, $518K expenses
Bottom line
83% program efficiency
Where the money goes · FY2025
Total revenue
$664K
Pt VIII · Ln 12
Total expenses
$518K
Pt IX · Ln 25
Net assets
$337K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $145K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.15 Fundraising $0.01
Program efficiency
83%
of spending reaches programs▲ +13% vs prior filing year
Operating runway
6.2mo
months of highly liquid reserves at operating expense rate0% vs prior filing year
Surplus margin
+22%
revenue over expenses, this year▲ +375% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$664K
FY2025▲ +63%
Expenses
$518K
FY2025▲ +34%
Total assets
$349K
FY2025▲ +23%
Total liabilities
$11K
FY2025▼ -87%
Total revenue
$664K
Pt VIII · Ln 12
Total expenses
$518K
Pt IX · Ln 25
Net assets
$337K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$145K
Total assetsPt X · Ln 16$349K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTeatro Grattacielo INC
EINHdr · item D13-3789627
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.grattacielo.org
Year of formationHdr · item L1994
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A6A0)
Ruling yearIRS BMFFeb 1995

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
General and Artistic Director
$98,000Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Educational Outreach Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
Strategic Planning
$0Pt VII · Sec A
Founding Director
$0Pt VII · Sec A

Stefanos Koroneos’s $98K as General and Artistic Director is at the 87th 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 · 1 named individual · Part VII

NameFY2025FY2024FY2022FY2021FY2020
Stefanos Koroneos$98,000$60,000$56,000$45,000$6,000

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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Mission & Programs · Part III

Where the work happens

1 program service account for $432K of program spending, described in the organization's own filed words · FY2025.
01

Teatro grattacielo produced 4 operas (the world premiere of beyond the horizon by nicholas flagello, gaetona donizettis elixer of love, and two co-porductions presented in new jersey and greece), continued to expand its free educational program creative tableaux with the addition of work-based learning internships, and celebrated its…

$432Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$507K · 76%
Program service revenue$156K · 24%
Contributions & grants76%$507K
Program service revenue24%$156K
Other revenue$5
— government grantsLn 1e$60K
Total revenueLn 12$664K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.15 Fundraising $0.01
Program services83%$432K
Management & general15%$79K
Fundraising1%$7K
Total functional expensesLn 25$518K

Balance Sheet

Part X · end of year
CashLn 1$264K
Total assetsLn 16$349K
Total liabilitiesLn 26$11K
Total net assetsLn 32$337K
Months of cash on handcomputed6.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $264K · Operating expenses (Pt IX) $518K · Less non-cash grants $10K · Cash operating expenses/yr $508K
6.2 months
Where the money goes
Program services
Program services $432K · Total expenses $518K
83%
Management & General
Management & general $79K · Total expenses $518K
15%
Fundraising
Fundraising $7K · Total expenses $518K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $12K · Solicited contributions (3-yr avg) $391K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $507K · Total revenue $664K
76%
Government reliance
Government grants $60K · Total revenue $664K
9%
Earned-income share
Program service revenue $156K · Total revenue $664K
24%
Investment reliance
Investment income $0 · Total revenue $664K
0%
Program self-sufficiency
Program service revenue $156K · Total expenses $518K
30%
Growth & trend
Revenue growth (YoY)
This year $664K · Prior year $407K
+63%
Revenue CAGR
FY2018 $66K · FY2025 $664K
+39%
Net-asset trend (YoY)
End of year $337K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $664K · Expenses $518K
+22%
Liabilities-to-Assets
Total liabilities — · Total assets $349K
Net-asset ratio
Net assets $337K · Total assets $349K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $349K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Stefanos Koroneos · Reported title GENERAL AND ARTISTIC DIRECTOR · Highest reported compensation $98K · Total expenses $518K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $256K · Total expenses $518K
49%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 15%
Fundraising cost ratio 1%
Revenue growth 63%

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
See all 4 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
FY2025 (Latest)$664K revenue · viewing · ⤓ 990 PDF
FY2024$407K revenue · ⤓ 990 PDF
FY2023$357K revenue · ⤓ 990 PDF
FY2022$346K revenue · ⤓ 990 PDF
FY2021$384K revenue · ⤓ 990 PDF
FY2020$152K revenue · ⤓ 990 PDF
FY2019$121K revenue · ⤓ 990 PDF
FY2018$66K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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