Opening Act INC: FY2024 Nonprofit Profile & Form 990 (EIN 13-4127500)

Revenue by fiscal year
FY2021	$1.6M
FY2022	$1.4M
FY2023	$1.2M
FY2024	$1.1M
FY2025	$885K

Expenses by fiscal year
FY2021	$1.4M
FY2022	$1.5M
FY2023	$1.5M
FY2024	$1.3M
FY2025	$1.1M

Net assets by fiscal year
FY2021	$921K
FY2022	$844K
FY2023	$574K
FY2024	$383K
FY2025	$66K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2001.

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

Where the money goes

59 cents of each dollar spent went to programs.

59%

19%

22%

Program services 59% · $769K Management & general 19% · $256K Fundraising 22% · $287K

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

24 people listed on the 990; $95K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Zareta Ricks

Executive Director (through 6/2/23)

$57,657Pt VII · Sec A

Deborah Steinglass

Interim Executive Director (9/14/2023 to 10/2024)

$37,276Pt VII · Sec A

Jamie Trowbridge

Chair

$0Pt VII · Sec A

Chris Wilkens

Treasurer

$0Pt VII · Sec A

Michael Fleming

Secretary

$0Pt VII · Sec A

Kym Blanchard

Board Member

$0Pt VII · Sec A

Paul Cellupica

Board Member

$0Pt VII · Sec A

Gregg Arst

Board Member

$0Pt VII · Sec A

Deborah Steinglass’s $111K as Interim Executive Director (9/14/2023 to 10/2024) is at the 92nd percentile of top reported officer pay among 2215 $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

Name	FY2025	FY2024	FY2023	FY2022	FY2021
Zareta Ricks	—	$57,657	$121,406	$61,070	$104,294
Deborah Steinglass	$110,795	$37,276	—	—	—
Alexander Santiago-Jirau	$28,706	—	—	—	—

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.

See Opening Act INC executive salaries →

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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

Empowering underserved NYC students through theater to build confidence and belief in their success.

Provided by the organization

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1 program · $769K · in their own filed words · FY2023

01

See Schedule O.

$769Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2024

National Philanthropic TrustFY2024$76K

Fidelity Investments Charitable Gift FundFY2024$56K

Donor Advised Charitable Giving INCFY2024$24K

American Online Giving Foundation INCFY2024$13K

Find Your Light FoundationFY2024$10K

The Lotos FoundationFY2024$10K

Broadway Cares-Equity Fights Aids INCFY2024$8K

Total grants receivedfrom 7 funders$197K

See all 7 funders →

Grants paid · 4 grants · $67K · 2020–2024

Unitemized GrantFY2024$17,877

Unitemized GrantFY2023$16,990

Unitemized GrantFY2022$20,915

Unitemized GrantFY2020$11,376

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.1M

Ln 12

Gifts and grantsLn 1h$1.1M

Fees for servicesLn 2g$11K

Investment incomeLn 3$9K

Money outPt IX

$1.3M

Ln 25

Programscol B$769K

Managementcol C$256K

Fundraisingcol D$287K

Owns and owesPt X

$383K

net assets · Ln 32

Cash and savingsLn 1–2$149K

Total assetsLn 16$466K

LiabilitiesLn 26$82K

PeoplePt VI, VII

24

listed · VII A

PaidVII A2

Voting boardVI 1a22

IndependentVI 1b22

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.1M

Government grantsLn 1e$253K

Fundraising eventsLn 1c$215K

Fees for servicesLn 2g$11K

Investment incomeLn 3$9K

Total revenueLn 12$1.1M

Assets in detailPt X, end of year

CashLn 1$97K

SavingsLn 2$52K

Cash and savings togetherLn 1–2$149K

InvestmentsLn 11–13$90K

Land, buildings, equipmentLn 10c$7K

Total assetsLn 16$466K

LiabilitiesLn 26$82K

Net assetsLn 32$383K

OperationsPt I, VI

EmployeesI 546

VolunteersI 630

Fiscal year endsHeaderJune

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$184K	$149K
InvestmentsLn 11–13	$203K	$90K
Land, buildings, equipmentLn 10c	$10K	$7K
Total assetsLn 16	$731K	$466K
LiabilitiesLn 26	$157K	$82K
Net assetsLn 32	$574K	$383K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$17K	$17K
Pay of current officers, directors and key staffLn 5	$215K	$196K	$19K	$0
Other salaries and wagesLn 7	$599K	$425K	$0	$174K
Other employee benefitsLn 9	$57K	$33K	$2K	$22K
Payroll taxesLn 10	$118K	$43K	$42K	$33K
Accounting feesLn 11c	$94K	$0	$94K	$0
Other fees for servicesLn 11g	$106K	$13K	$62K	$31K
Advertising and promotionLn 12	$4K	$0	$189	$3K
Office expensesLn 13	$11K	$0	$8K	$3K
OccupancyLn 16	$10K	$0	$10K	$0
TravelLn 17	$5K	$4K	$360	$379
Depreciation, depletion and amortizationLn 22	$3K	$0	$920	$2K
InsuranceLn 23	$3K	$0	$3K	$0
Other expenses (24a–d)Ln 24	$52K	$33K	$13K	$6K
All other expensesLn 24e	$20K	$6K	$2K	$13K
Total functional expensesLn 25	$1.3M	$769K	$256K	$287K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$885K	$1.1M	−$245K	$66K	990 PDF
FY2024 Viewing	$1.1M	$1.3M	−$191K	$383K	990 PDF
FY2023	$1.2M	$1.5M	−$271K	$574K	990 PDF
FY2022	$1.4M	$1.5M	−$77K	$844K	990 PDF
FY2021	$1.6M	$1.4M	$175K	$921K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2024 990 (6 parts)

Part I · Summary $1,121,529 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,250,408$1,103,560

I-9 Program service revenuePrior year $19,425$10,600

I-10 Investment incomePrior year $3,804$8,634

I-11 Other revenuePrior year −$62,152−$1,265

I-12 Total revenuePrior year $1,211,485$1,121,529

I-13 Grants and similar amounts paidPrior year $20,915$16,990

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $1,154,921$987,904

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $306,217$307,311

I-18 Total expensesPrior year $1,482,053$1,312,205

I-19 Revenue less expensesPrior year −$270,568−$190,676

Part VI · Governance 22 of 22 board members independent, no flags

VI-1a Voting members of the governing body22

VI-1b Independent voting members22

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 $1,121,529 across 8 lines filed

VIII-1c Fundraising events$215,005

VIII-1e Government grants$253,455

VIII-1f All other contributions, gifts and grants$635,100

VIII-1h Total contributions, gifts and grants$1,103,560

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$10,600

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $8,634$8,634

VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$1,265−$1,265

VIII-12 Total revenueRelated to mission $10,600 · Unrelated business $0 · Excluded from tax $7,369$1,121,529

Part IX · Statement of functional expenses $1,312,205 across 15 lines filed

IX-2 Grants to domestic individualsPrograms $16,990$16,990

IX-5 Pay of current officers, directors and key staffPrograms $195,828 · Management $18,800 · Fundraising $0$214,628

IX-7 Other salaries and wagesPrograms $424,618 · Management $0 · Fundraising $174,176$598,794

IX-9 Other employee benefitsPrograms $33,013 · Management $1,760 · Fundraising $21,998$56,771

IX-10 Payroll taxesPrograms $42,772 · Management $42,056 · Fundraising $32,883$117,711

IX-11c Accounting feesPrograms $0 · Management $93,739 · Fundraising $0$93,739

IX-11g Other fees for servicesPrograms $12,970 · Management $62,249 · Fundraising $30,626$105,845

IX-12 Advertising and promotionPrograms $0 · Management $189 · Fundraising $3,380$3,569

IX-13 Office expensesPrograms $0 · Management $7,820 · Fundraising $3,383$11,203

IX-16 OccupancyPrograms $0 · Management $10,176 · Fundraising $0$10,176

IX-17 TravelPrograms $4,458 · Management $360 · Fundraising $379$5,197

IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $920 · Fundraising $1,832$2,752

IX-23 InsurancePrograms $0 · Management $2,656 · Fundraising $0$2,656

IX-24 Other expenses (24a–d)Programs $32,569 · Management $13,040 · Fundraising $6,164$51,773

IX-24e All other expensesPrograms $5,889 · Management $1,987 · Fundraising $12,525$20,401

IX-25 Total functional expensesPrograms $769,107 · Management $255,752 · Fundraising $287,346$1,312,205

Part X · Balance sheet $465,563 assets, 15 lines filed

X-1 Cash, non-interest-bearingStart of year $184,348$97,325

X-2 Savings and temporary cash investments$52,078

X-3 Pledges and grants receivableStart of year $180,000$209,121

X-4 Accounts receivableStart of year $143,589$6,846

X-9 Prepaid expenses and deferred chargesStart of year $8,469$3,485

X-10c Land, buildings and equipment, netStart of year $9,894$7,142

X-11 Publicly traded securitiesStart of year $203,464$89,566

X-16 Total assetsStart of year $730,764$465,563

X-17 Accounts payable and accrued expensesStart of year $87,004$32,479

X-24 Unsecured notes and loans payableStart of year $70,000$50,000

X-26 Total liabilitiesStart of year $157,004$82,479

X-27 Net assets without donor restrictionsStart of year $271,542$174,268

X-28 Net assets with donor restrictionsStart of year $302,218$208,816

X-32 Total net assets or fund balancesStart of year $573,760$383,084

X-33 Total liabilities and net assetsStart of year $730,764$465,563

Part XI · Reconciliation of net assets $383,084 net assets at year end

XI-1 Total revenue$1,121,529

XI-2 Total expenses$1,312,205

XI-3 Revenue less expenses−$190,676

XI-4 Net assets at start of year$573,760

XI-10 Net assets at end of year$383,084

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Opening Act INC FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

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

Questions the 990 asks

Programs and updates

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV