Parallel Exit INC: Nonprofit Profile, Financials & Form 990 (EIN 20-8728956)

Revenue by fiscal year
FY2020	$55K
FY2021	$57K
FY2022	$271K
FY2023	$123K
FY2024	$121K
FY2025	$116K

Expenses by fiscal year
FY2020	Not on file
FY2021	Not on file
FY2022	$260K
FY2023	$147K
FY2024	$131K
FY2025	$113K

Net assets by fiscal year
FY2020	$10K
FY2021	$24K
FY2022	$42K
FY2023	$28K
FY2024	$18K
FY2025	$20K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2009.

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

Where the money goes

94 cents of each dollar spent went to programs.

94%

Program services 94% · $106K Management & general 6% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation

Matthew Menendez

President

$0Pt VII · Sec A

Ken Banta

Vice President

$0Pt VII · Sec A

Anita Girdhari

Director

$0Pt VII · Sec A

Sharon Gurwtz

Financial Advisor

$0Pt VII · Sec A

Mark Lonergan

Artistic Director

$0Pt VII · Sec A

Suchan Vodoor

Director

$0Pt VII · Sec A

See Parallel Exit INC executive salaries →

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 15aNo

Programs and updates

Teaches physical theatre arts to children through school programs.

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3 programs · $106K · in their own filed words · FY2025

01

Parallel exit creates mainstage productions that are accessible and of interest to family audiences. New works for the stage are created with the overarching goal to provide moments of inspirational creativity that can only be experienced live.

$65Kprogram expense

02

Parallel exits physical theater lab program furthers the art form and provides a platform of support for its greatest MINDS.THIS program is dedicated to developing new works of physical theater.

$23Kprogram expense

03

Paralel exit presents free community performances for family audiences throughout new york CITY.THESE performances are often presented in partnership with other nonprofit institutions such as the brooklyn academy of music and the brooklyn public library.

$18Kprogram expense

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

Mary Jane Hipp Brock Fam Foundation Mary Jane Hipp Brock TteeFY2023$4K

Amazonsmile FoundationFY2023$16

Total grants receivedfrom 2 funders$4K

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$116K

Ln 12

Gifts and grantsLn 1h$76K

Fees for servicesLn 2g$40K

Money outPt IX

$113K

Ln 25

Programscol B$106K

Managementcol C$7K

Owns and owesPt X

$20K

net assets · Ln 32

Cash and savingsLn 1–2$22K

Total assetsLn 16$32K

LiabilitiesLn 26$12K

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$76K

Government grantsLn 1e$65K

Fees for servicesLn 2g$40K

Total revenueLn 12$116K

Assets in detailPt X, end of year

CashLn 1$22K

Cash and savings togetherLn 1–2$22K

Pledges and grants receivableLn 3$10K

Prepaid expenses and deferred chargesLn 9$281

Total assetsLn 16$32K

LiabilitiesLn 26$12K

Net assetsLn 32$20K

OperationsPt I, VI

EmployeesI 55

VolunteersI 67

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$24K	$22K
Total assetsLn 16	$34K	$32K
LiabilitiesLn 26	$17K	$12K
Net assetsLn 32	$18K	$20K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$36K	$36K	$0	$0
Payroll taxesLn 10	$3K	$3K	$0	$0
Accounting feesLn 11c	$2K	$0	$2K	$0
Investment management feesLn 11f	$23K	$23K	$0	$0
Office expensesLn 13	$510	$510	$0	$0
OccupancyLn 16	$10K	$10K	$0	$0
TravelLn 17	$11K	$11K	$0	$0
InsuranceLn 23	$5K	$0	$5K	$0
Other expenses (24a–d)Ln 24	$22K	$22K	$0	$0
All other expensesLn 24e	$855	$0	$855	$0
Total functional expensesLn 25	$113K	$106K	$7K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS May 14, 2026	$116K	$113K	$3K	$20K	990 PDF
FY2024Filed with the IRS May 15, 2025	$121K	$131K	−$11K	$18K	990 PDF
FY2023Filed with the IRS May 15, 2024	$123K	$147K	−$24K	$28K	990 PDF
FY2022Filed with the IRS Aug 29, 2023	$271K	$260K	$11K	$42K	990 PDF
FY2021Filed with the IRS Nov 6, 2022	$57K			$24K	990 PDF
FY2020Filed with the IRS Nov 13, 2021	$55K			$10K	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $116,223 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $59,414$76,091

I-9 Program service revenuePrior year $54,065$40,132

I-10 Investment income$0

I-11 Other revenuePrior year $7,388$0

I-12 Total revenuePrior year $120,867$116,223

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $36,876$39,292

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $94,518$74,153

I-18 Total expensesPrior year $131,394$113,445

I-19 Revenue less expensesPrior year −$10,527$2,778

Part VI · Governance 6 of 6 board members independent, 4 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members6

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $116,223 across 5 lines filed

VIII-1e Government grants$65,170

VIII-1f All other contributions, gifts and grants$10,921

VIII-1h Total contributions, gifts and grants$76,091

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$40,132

VIII-12 Total revenueRelated to mission $40,132 · Unrelated business $0 · Excluded from tax $0$116,223

Part IX · Statement of functional expenses $113,445 across 10 lines filed

IX-7 Other salaries and wagesPrograms $36,500 · Management $0 · Fundraising $0$36,500

IX-10 Payroll taxesPrograms $2,792 · Management $0 · Fundraising $0$2,792

IX-11c Accounting feesPrograms $0 · Management $1,684 · Fundraising $0$1,684

IX-11f Investment management feesPrograms $22,880 · Management $0 · Fundraising $0$22,880

IX-13 Office expensesPrograms $510 · Management $0 · Fundraising $0$510

IX-16 OccupancyPrograms $10,460 · Management $0 · Fundraising $0$10,460

IX-17 TravelPrograms $11,124 · Management $0 · Fundraising $0$11,124

IX-23 InsurancePrograms $0 · Management $4,599 · Fundraising $0$4,599

IX-24 Other expenses (24a–d)Programs $22,041 · Management $0 · Fundraising $0$22,041

IX-24e All other expensesPrograms $0 · Management $855 · Fundraising $0$855

IX-25 Total functional expensesPrograms $106,307 · Management $7,138 · Fundraising $0$113,445

Part X · Balance sheet $31,960 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $23,961$21,839

X-3 Pledges and grants receivableStart of year $9,840$9,840

X-9 Prepaid expenses and deferred chargesStart of year $281$281

X-16 Total assetsStart of year $34,082$31,960

X-17 Accounts payable and accrued expensesStart of year $1,861$1,861

X-24 Unsecured notes and loans payableStart of year $14,700$9,800

X-26 Total liabilitiesStart of year $16,561$11,661

X-31 Retained earnings or endowmentStart of year $17,521$20,299

X-32 Total net assets or fund balancesStart of year $17,521$20,299

X-33 Total liabilities and net assetsStart of year $34,082$31,960

Part XI · Reconciliation of net assets $20,299 net assets at year end

XI-1 Total revenue$116,223

XI-2 Total expenses$113,445

XI-3 Revenue less expenses$2,778

XI-4 Net assets at start of year$17,521

XI-10 Net assets at end of year$20,299

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Parallel Exit INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Parallel Exit INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV