Two Chairs INC EIN 27-4115161

Two Chairs INC

EIN  27-4115161 Public charity (501(c)(3)) Brooklyn, NY
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Size
$100K–1M
What they do
Educates about cultures through films, social work, and art, funding artists to share their work.
Leadership
Melissa Rahmanian · President
Money in and out
$457K revenue, $512K expenses
Bottom line
86% program efficiency

Educates about cultures through films, social work, and art, funding artists to share their work. For fiscal year 2024 it reported $457K in revenue, $512K in expenses, and $125K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$457K
Pt VIII · Ln 12
Total expenses
$512K
Pt IX · Ln 25
Net assets
$125K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$55K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Program efficiency
86%
of spending reaches programs▼ -12% vs prior filing year
Operating runway
2.8mo
months of highly liquid reserves at operating expense rate▼ -65% vs prior filing year
Surplus margin
-12%
revenue over expenses, this year▼ -136% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$457K
FY2024▲ +14%
Expenses
$512K
FY2024▲ +94%
Total assets
$125K
FY2024▼ -33%
Total liabilities
$0
FY2024
Total revenue
$457K
Pt VIII · Ln 12
Total expenses
$512K
Pt IX · Ln 25
Net assets
$125K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$55K
Total assetsPt X · Ln 16$125K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $443K of program spending, described in the organization's own filed words · FY2024.
01

Song of the North (theatrical Play)

We have continued to tour our theatrical production, which premiered at the Brooklyn Academy of Music March 5, 2022. The 85-minute show incorporates puppets, shadow casters, music, and animation and is based on the 10th century epic poem Shahnameh.

$393Kprogram expense
02

Prince of Sorrows Theatrical Symphonic Tale

This year we started production on a new theater piece. We are currently in production with an expected premierre in 2026.

$43Kprogram expense
03

Book Publishing Fund

We are continuing with our publishing fund to help artists publish their own books, allowing them to maintain more control over their work. We help raise funds for the cost of the book and then retain some portion of the profits for additional reprints.

$7Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTwo Chairs INC
EINHdr · item D27-4115161
Principal addressHdr · item CBrooklyn, NY
WebsiteHdr · item Jwww.twochairs.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q21)
Ruling yearIRS BMFAug 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
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
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$351K · 77%
Contributions & grants$105K · 23%
Program service revenue77%$351K
Contributions & grants23%$105K
— government grantsLn 1e$50K
Total revenueLn 12$457K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$443K
Management & general14%$69K
Total functional expensesLn 25$512K

Balance Sheet

Part X · end of year
CashLn 1$118K
Total assetsLn 16$125K
Total liabilitiesLn 26$0
Total net assetsLn 32$125K
Months of cash on handcomputed2.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $118K · Operating expenses/yr $512K
2.8 months
Where the money goes
Program services
Program services $443K · Total expenses $512K
86%
Management & General
Management & general $69K · Total expenses $512K
14%
Fundraising
Fundraising $0 · Total expenses $512K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $116K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $105K · Total revenue $457K
23%
Government reliance
Government grants $50K · Total revenue $457K
11%
Earned-income share
Program service revenue $351K · Total revenue $457K
77%
Investment reliance
Investment income $0 · Total revenue $457K
0%
Program self-sufficiency
Program service revenue $351K · Total expenses $512K
69%
Growth & trend
Revenue growth (YoY)
This year $457K · Prior year $401K
+14%
Revenue CAGR
FY2020 $114K · FY2024 $457K
+42%
Net-asset trend (YoY)
End of year $125K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $457K · Expenses $512K
-12%
Liabilities-to-Assets
Total liabilities — · Total assets $125K
Net-asset ratio
Net assets $125K · Total assets $125K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $125K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Melissa Rahmanian · Reported title President · Highest reported compensation $0 · Total expenses $512K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $512K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Fundraising cost ratio 0%
Revenue growth 14%
Legal fee ratio 0%
Accounting fee ratio 1%

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 · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 2 grants · $16K · 2022–2022
Unitemized GrantFY2022$8,000
Unitemized GrantFY2022$8,000

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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
FY2024 (Latest)$457K revenue · viewing · ⤓ 990 PDF
FY2023$401K revenue · ⤓ 990 PDF
FY2022$266K revenue · ⤓ 990 PDF
FY2021$264K revenue · ⤓ 990 PDF
FY2020$114K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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