Parallel Exit INC EIN 20-8728956

Parallel Exit INC

EIN  20-8728956 Public charity (501(c)(3)) Brooklyn, NY Founded 2007
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Teaches physical theatre arts to children through school programs.
Leadership
Matthew Menendez · President
Money in and out
$116K revenue, $113K expenses
Bottom line
94% program efficiency

Teaches physical theatre arts to children through school programs. For fiscal year 2025 it reported $116K in revenue, $113K in expenses, and $20K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$116K
Pt VIII · Ln 12
Total expenses
$113K
Pt IX · Ln 25
Net assets
$20K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs▼ -6% vs prior filing year
Operating runway
2.3mo
months of highly liquid reserves at operating expense rate▲ +5% vs prior filing year
Surplus margin
+2%
revenue over expenses, this year▲ +127% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$116K
FY2025▼ -4%
Expenses
$113K
FY2025▼ -14%
Total assets
$32K
FY2025▼ -6%
Total liabilities
$12K
FY2025▼ -30%
Total revenue
$116K
Pt VIII · Ln 12
Total expenses
$113K
Pt IX · Ln 25
Net assets
$20K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3K
Total assetsPt X · Ln 16$32K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

3 program services account for $106K of program spending, described in the organization's 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

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CParallel Exit INC
EINHdr · item D20-8728956
Principal addressHdr · item CBrooklyn, NY
WebsiteHdr · item Jwww.parallelexit.com
Year of formationHdr · item L2007
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A65)
Ruling yearIRS BMFMay 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
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
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Financial Advisor
$0Pt VII · Sec A
Artistic Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$76K · 65%
Program service revenue$40K · 35%
Contributions & grants65%$76K
Program service revenue35%$40K
— government grantsLn 1e$65K
Total revenueLn 12$116K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$106K
Management & general6%$7K
Total functional expensesLn 25$113K

Balance Sheet

Part X · end of year
CashLn 1$22K
Total assetsLn 16$32K
Total liabilitiesLn 26$12K
Total net assetsLn 32$20K
Months of cash on handcomputed2.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $22K · Operating expenses/yr $113K
2.3 months
Where the money goes
Program services
Program services $106K · Total expenses $113K
94%
Management & General
Management & general $7K · Total expenses $113K
6%
Fundraising
Fundraising $0 · Total expenses $113K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $8K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $76K · Total revenue $116K
65%
Government reliance
Government grants $65K · Total revenue $116K
56%
Earned-income share
Program service revenue $40K · Total revenue $116K
35%
Investment reliance
Investment income $0 · Total revenue $116K
0%
Program self-sufficiency
Program service revenue $40K · Total expenses $113K
35%
Growth & trend
Revenue growth (YoY)
This year $116K · Prior year $121K
-4%
Revenue CAGR
FY2020 $55K · FY2025 $116K
+16%
Net-asset trend (YoY)
End of year $20K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $116K · Expenses $113K
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $32K
Net-asset ratio
Net assets $20K · Total assets $32K
64%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $32K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Matthew Menendez · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $113K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $39K · Total expenses $113K
35%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Revenue growth -4%

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 · FY2023
Total grants receivedfrom 2 funders$4K

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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)$116K revenue · viewing · ⤓ 990 PDF
FY2024$121K revenue · ⤓ 990 PDF
FY2023$123K revenue · ⤓ 990 PDF
FY2022$271K revenue · ⤓ 990 PDF
FY2021$57K revenue · ⤓ 990 PDF
FY2020$55K 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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