Gas Lamp INC

Tax-deductible

Glen Ridge, NJ501(c)(3)Arts & CultureEIN 20-8316611

To provide performing arts educational services to Glen Ridge , NJ and surrounding area residents by teaching students about musical theater through both classroom and on-stage instruction sessions

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
$41K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
4 of 6
years in the black
Worth a look: 2 of the last 6 filings show a deficit.
Pt I · Ln 19 · 6 filings
How much reaches the programs?
96%
of spending
Looks good: 96% of spending went to programs; 75% or more looks good.
Pt IX · Ln 25 · col B
What are leaders paid?
$41K
to officers and key staff · 8% of spending
Looks good: leaders' pay is 8% of spending; 15% or less looks good.
Pt VII · Sec A
Do they have reserves?
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more looks good.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $25
Worth a look: 1 funder names it on their filings; under 3 is worth a look.
Funders’ Sch. I, 990-PF
Do they carry debt?
$2K
liabilities
Looks good: debts are 1% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
6
independent of 6 voting board members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$524K
+26% vs prior year
Spent
$486K
To programs
96%
Net assets
$153K
By yearFY2020–FY2025
Revenue
$524K
FY2025▲ +26%
Revenue by fiscal year
FY2020$160K
FY2021$174K
FY2022$276K
FY2023$395K
FY2024$417K
FY2025$524K
Expenses
$486K
FY2025▲ +21%
Expenses by fiscal year
FY2020$165K
FY2021$180K
FY2022$265K
FY2023$355K
FY2024$402K
FY2025$486K
Net assets
$153K
FY2025▲ +32%
Net assets by fiscal year
FY2020$48K
FY2021$43K
FY2022$54K
FY2023$99K
FY2024$116K
FY2025$153K

From the FY2025 Form 990 · see the original

Give Claim

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CGas Lamp INC
EINHdr · item D20-8316611
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 2008
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CGlen Ridge, NJ
NTEE classificationIRS BMFArts & Culture (A65)
WebsiteHdr · item Jwww.gaslampplayers.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$465K
Management & general4%$22K
Total functional expensesLn 25$486K

Financial health

Is it on solid ground?

Program efficiency
96%
of spending reaches programs▲ +7% vs prior filing year
Operating runway
3.7mo
months of highly liquid reserves at operating expense rate▲ +6% vs prior filing year
Surplus margin
+7%
revenue over expenses, this year▲ +96% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$154K
FY2025▲ +33%
Total assets by fiscal year
FY2020$48K
FY2021$43K
FY2022$54K
FY2023$99K
FY2024$116K
FY2025$154K
Total liabilities
$2K
FY2025
Total liabilities by fiscal year
FY2020$1
FY2021$0
FY2022$0
FY2023$0
FY2024$0
FY2025$2K
Revenue less expensesPt I · Ln 19$38K
Total assetsPt X · Ln 16$154K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$152K
Total assetsLn 16$154K
Total liabilitiesLn 26$2K
Total net assetsLn 32$153K
Months of cash on handcomputed3.7

Statement of Revenue

Part VIII
Program service revenue$492K · 94%
Contributions & grants$31K · 6%
Program service revenue94%$492K
Contributions & grants6%$31K
Investment income$2K
Total revenueLn 12$524K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $152K · Operating expenses/yr $486K
3.7 months
Where the money goes
Program services
Program services $465K · Total expenses $486K
96%
Management & General
Management & general $22K · Total expenses $486K
4%
Fundraising
Fundraising $0 · Total expenses $486K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $11K · Solicited contributions (3-yr avg) $36K
$0.32 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $31K · Total revenue $524K
6%
Government reliance
Government grants — · Total revenue $524K
—
Earned-income share
Program service revenue $492K · Total revenue $524K
94%
Investment reliance
Investment income $2K · Total revenue $524K
+0.5%
Program self-sufficiency
Program service revenue $492K · Total expenses $486K
101%
Growth & trend
Revenue growth (YoY)
This year $524K · Prior year $417K
+26%
Revenue CAGR
FY2020 $160K · FY2025 $524K
+27%
Net-asset trend (YoY)
End of year $153K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $524K · Expenses $486K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $154K
—
Net-asset ratio
Net assets $153K · Total assets $154K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $154K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Rennae Pelayo · Reported title Business Director · Highest reported compensation $24K · Total expenses $486K
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $124K · Total expenses $486K
25%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 96%——
Overhead ratio 4%——
Fundraising cost ratio 0%——
Revenue growth 26%——
Accounting fee ratio 0.6%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Business Director
$23,936Pt VII · Sec A
Human Resource Director
$17,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Rennae Pelayo’s $24K as Business Director is at the 19th 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kristen Graves—$30,058$14,500$21,075——
Rennae Pelayo$23,936$21,850$16,500$17,500——
Kristen Graves————$22,406$16,500
Teressa Kallay$17,000$15,657$13,905$12,750——
Rennae Pelayo————$10,590$11,333
Meredith Eaton———$10,000——
Meredith Eaton————$8,825—
Teressa Kallay————$7,750$6,667

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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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 6Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Teaches musical theater skills through classroom and on-stage instruction.

Provided by the organization

This section is blank until Gas Lamp INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2025.
01

The organization produced several full scale musical productions and workshops benefiting hundreds of performing artists, crew members and other students in 2022 and expect the same in future years. Contributions are used entirely for musical theater education.

Pt IX · col B

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$25

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $524K$486K+26% 990 PDF
FY2024 $417K$402K+6% 990 PDF
FY2023 $395K$355K+43% 990 PDF
FY2022 $276K$265K+58% 990 PDF
FY2021 $174K$180K+9% 990 PDF
FY2020 $160K$165K 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

Full filing: Form 990 for FY2025

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $486,285 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $26,936 · Management $14,000$40,936
IX-7 Other salaries and wagesPrograms $69,818$69,818
IX-10 Payroll taxesPrograms $12,792$12,792
IX-11c Accounting feesManagement $3,140$3,140
IX-11g Other fees for servicesPrograms $210,928 · Management $0 · Fundraising $0$210,928
IX-12 Advertising and promotionPrograms $813$813
IX-15 RoyaltiesPrograms $24,158$24,158
IX-16 OccupancyPrograms $14,507$14,507
IX-23 InsurancePrograms $10,744 · Management $1,896$12,640
IX-24 Other expenses (24a–d)Programs $90,010 · Management $1,867$91,877
IX-24e All other expensesPrograms $3,975 · Management $701$4,676
IX-25 Total functional expensesPrograms $464,681 · Management $21,604 · Fundraising $0$486,285

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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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