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Parallel Exit Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 208728956 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

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Overview

What is Parallel Exit Inc?

Parallel Exit Inc, situated in Brooklyn, New York, is a nonprofit organization focused on creating engaging and inspiring live productions for family audiences. They specialize in physical theatre, offering programs in schools and for children. Their mission extends beyond New York City, reaching various parts of the United States and international territories. Parallel Exit Inc's artistic programming, capacity building, and youth education initiatives aim to cultivate culturally diverse art that resonates with audiences of all ages. With a team of 21 dedicated individuals, they strive to create compelling stories that bring families together.


Official website here: www.parallelexit.com

Is Parallel Exit Inc legitimate?

Parallel Exit Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Parallel Exit Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $65,660

For more financial information, click here


Official website here: www.parallelexit.com

What is the mission statement of Parallel Exit Inc?

Parallel Exit Inc, a renowned organization, is committed to creating captivating physical theatre productions for audiences of all ages. Their mission extends beyond the stage, encompassing extensive artistic programming, capacity building for artists, and youth education initiatives. These initiatives are carried out not just within New York City, but also across the United States and various countries globally. Parallel Exit's stories are family-friendly and resonate with a culturally diverse audience, thereby promoting art that transcends boundaries. Their work is geared towards engaging and inspiring individuals of any age.


Official website here: www.parallelexit.com

Who is the CEO of Parallel Exit Inc?

Matthew Menendez is the President of Parallel Exit Inc.


Official website here: www.parallelexit.com

What is the revenue of Parallel Exit Inc?

Parallel Exit Inc's revenue in 2022 was $237,827.


Official website here: www.parallelexit.com

Who are the executives of Parallel Exit Inc and what are their salaries?

The average compensation at Parallel Exit Inc during 2022 was $3,127. There are 21 employees and 7 volunteers at Parallel Exit Inc.


Here are 6 key members and their salaries:


Matthew Menendez (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Banta (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Lonergan (Artistic Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anita Girdhari (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Gurwtz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suchan Vodoor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.parallelexit.com

Where can I find the form 990 for Parallel Exit Inc?

Parallel Exit Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.parallelexit.com

Learn more at the official website: www.parallelexit.com

Mission Statement of Parallel Exit Inc

Parallel Exit Inc, a renowned organization, is dedicated to creating captivating physical theater performances that resonate with audiences of all ages. Their mission extends beyond entertainment, encompassing extensive artistic programming, artist capacity building, and youth education initiatives. This nonprofit engages in various projects throughout New York City's five boroughs, across the United States, and in countries worldwide.

Parallel Exit Inc's unique strength lies in its ability to craft compelling stories that break the boundaries of culture. Their productions cater to a broad audience, fostering a connection that transcends age. The company is committed to nurturing artistic talent and providing opportunities for growth. Additionally, Parallel Exit Inc invests in youth education, implementing initiatives that inspire and educate young minds about the art of physical theater.

In essence, Parallel Exit Inc serves as a platform for storytelling and artistic growth, bridging the gap between diverse cultures and age groups through thought-provoking performances and educational programs.

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Impact




October, 2024

Parallel Exit Inc significantly impacts the arts landscape by fostering creativity and engagement through its innovative physical theater programs. By providing accessible and family-oriented productions, the organization creates dynamic experiences that resonate with audiences of all ages. The inspiration drawn from their live performances cultivates a deeper appreciation for the arts and encourages families to engage in cultural activities together.

Their commitment to artistic programming extends beyond performance, as they implement extensive youth education initiatives across New York City and beyond. By integrating the art of physical theater into schools, Parallel Exit Inc empowers children to explore their creativity, enhancing their confidence and expression. This focus on education cultivates the next generation of artists and theatergoers, enriching the community's cultural fabric.

Productions presented in prestigious venues such as Lincoln Center and the Brooklyn Academy of Music exemplify the high-quality artistry that Parallel Exit Inc champions. Their ability to develop original works that are engaging and relevant to diverse audiences amplifies the artistic dialogue in the community, encouraging inclusivity and exploration of new ideas. In essence, Parallel Exit Inc plays a crucial role in bridging the gap between artistic expression and audience participation, making the arts accessible and enjoyable for everyone.




This information is meant to be a general summary of Parallel Exit Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$237,827 (2022)
Expenses
$227,825 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $148,520
  • Gross Receipts: $237,827

Assets and Liabilities:

  • Total Assets: $43,690
  • Total Liabilities: $10,000
  • Net Assets: $33,690

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM FEES

Revenue

$146,432

BOX OFFICE

Revenue

$2,088

Organization Details

Founding Year

2007

Principal Officer

Matthew Menendez

Main Address

175 EASTERN PARKWAY, BROOKLYN, NY, 11238

NTEE Category

Code: A65 - Arts

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