Civic Intelligence

Parallel Exit Inc

EIN 20-8728956 • 501(c)3 • Brooklyn, NY

Profile

Parallel exit creates original works of physical theater for audiences of all ages the company engages in extensive artistic programming,artist capacity building and youth educational initiatives, throughout new york.

175 Eastern ParkwayBrooklyn, NY 11238

www.parallelexit.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

88th percentile

0.49x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

0.14x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

32nd percentile

-8.7%

Higher net margin than 32% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

72nd percentile

14%

Faster asset growth than 72% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

49th percentile

-1.6%

Faster revenue growth than 49% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$34,082

Up $4,139 (+14%) from 2023

Liabilities

Up

$16,561

Up $14,666 (+774%) from 2023

Net Assets

Down

$17,521

Down $10,527 (-38%) from 2023

Operations
Liabilities / Revenue84th percentileNet Margin32nd percentile

Revenue

Down

$120,867

Down $2,003 (-1.6%) from 2023

Expenses

Down

$131,394

Down $15,345 (-10%) from 2023

Net Income

Up

-$10,527

Up $13,342 (+56%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth72nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2011: $22,589Liabilities 2011: $1,7502011Assets 2012: $17,492Liabilities 2012: $0Net Assets 2012: $17,4922012Assets 2013: $30,048Liabilities 2013: $02013Assets 2014: $58,505Liabilities 2014: $02014Assets 2015: $25,910Liabilities 2015: $02015Assets 2016: $29,589Liabilities 2016: $02016Assets 2017: $23,218Net Assets 2017: $23,2182017Assets 2018: $19,691Liabilities 2018: $0Net Assets 2018: $19,6912018Assets 2019: $25,062Liabilities 2019: $0Net Assets 2019: $25,0622019Assets 2020: $9,670Net Assets 2020: $9,6702020Assets 2021: $23,688Net Assets 2021: $23,6882021Assets 2022: $53,811Liabilities 2022: $11,894Net Assets 2022: $41,9172022Assets 2023: $29,943Liabilities 2023: $1,895Net Assets 2023: $28,0482023Assets 2024: $34,082Liabilities 2024: $16,561Net Assets 2024: $17,5212024

Highlighted filing

2024

Assets$34,082
Liabilities$16,561
Net Assets$17,521
Open 2024 Filing

Operations Trend

Revenue Growth49th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $59,964Expenses 2011: $78,388Net Income 2011: -$18,4242011Revenue 2012: $75,378Expenses 2012: $80,475Net Income 2012: -$5,0972012Revenue 2013: $81,122Expenses 2013: $68,566Net Income 2013: $12,5562013Revenue 2014: $139,367Expenses 2014: $110,911Net Income 2014: $28,4562014Revenue 2015: $76,260Expenses 2015: $108,794Net Income 2015: -$32,5342015Revenue 2016: $58,508Expenses 2016: $54,829Net Income 2016: $3,6792016Revenue 2017: $23,762Expenses 2017: $20,102Net Income 2017: $3,6602017Revenue 2018: $74,191Expenses 2018: $77,718Net Income 2018: -$3,5272018Revenue 2019: $46,265Expenses 2019: $40,894Net Income 2019: $5,3712019Revenue 2020: $55,456Expenses 2020: $70,848Net Income 2020: -$15,3922020Revenue 2021: $56,899Expenses 2021: $42,881Net Income 2021: $14,0182021Revenue 2022: $270,865Expenses 2022: $260,286Net Income 2022: $10,5792022Revenue 2023: $122,870Expenses 2023: $146,739Net Income 2023: -$23,8692023Revenue 2024: $120,867Expenses 2024: $131,394Net Income 2024: -$10,5272024

Highlighted filing

2024

Revenue$120,867
Expenses$131,394
Net Income-$10,527
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,082
Liabilities
$16,561
Net assets
$17,521
Revenue
$120,867
Expenses
$131,394
Net income
-$10,527
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.34$0.17$0.18$1.21$1.31$0.11
2023Detailed filing. Detailed filing data is available for this year.$0.30$0.02$0.28$1.23$1.47$0.24
2022Detailed filing. Detailed filing data is available for this year.$0.54$0.12$0.42$2.71$2.60$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.24$0.24$0.57$0.43$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.10$0.10$0.55$0.71$0.15
2019Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$0.46$0.41$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.74$0.78$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.23$0.23$0.24$0.20$0.04
2016Summary only. Only limited summary data is available for this year.$0.30$0.00$0.59$0.55$0.04
2015Summary only. Only limited summary data is available for this year.$0.26$0.00$0.76$1.09$0.33
2014Summary only. Only limited summary data is available for this year.$0.59$0.00$1.39$1.11$0.28
2013Summary only. Only limited summary data is available for this year.$0.30$0.00$0.81$0.69$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.00$0.17$0.75$0.80$0.05
2011Summary only. Only limited summary data is available for this year.$0.23$0.02$0.60$0.78$0.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 14, 2025
Return Version
2024v5.1
Gross Receipts
$120,867
Mission and Program Overview

Mission

Provides programs in schools and for children in the art and execution of physical theatre

Provides programs in schools and for children in the art of physical theatre.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$19,822$23,961▲ $4,139
Rtn Earn Endowment Incm Other Fnds$28,048$17,521▼ $10,527
Pledges and Grants Receivable$9,840$9,840→ $0
Prepaid Expenses and Deferred Charges$281$281→ $0
Total Assets$29,943$34,082▲ $4,139
Liabilities
Unsecured Notes Loans Payable-$14,700-
Accounts Payable and Accrued Expenses$1,895$1,861▼ $34
Total Liabilities$1,895$16,561▲ $14,666
Net Assets / Fund Balance
Total Net Assets Fund Balance$28,048$17,521▼ $10,527
Total Liabilities and Net Assets / Fund Balance$29,943$34,082▲ $4,139
Compensation and Service Providers
Top Officer Pay84th percentile

Board Members and Trustees

NameTitle
Matthew MenendezPresident
Ken BantaVice President
Mark LonerganArtistic Director
Anita GirdhariDirector
Suchan VodoorDirector
Sharon GurwtzFinancial Advisor
Revenue and Support

Revenue Composition

Contributions and Grants
$59,414
Program Service Revenue
$54,065
Investment Income
$0
Other Revenue
$7,388
All Other Contributions
$4,464
Change in Net Assets
$-10,527
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$94,518
Salaries, Compensation, and Employee Benefits$36,876
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$36,042$0$0$36,042
Other Salaries and Wages$33,600$0$0$33,600
Insurance$20,369$0$0$20,369
Other Expenses$9,985$0$0$9,985
Occupancy$6,100$0$0$6,100
Travel$5,773$0$0$5,773
Payroll Taxes$3,276$0$0$3,276
All Other Expenses$1,363$48$0$1,411
Office Expenses$1,211$0$0$1,211
Fees for Services Accounting$0$900$0$900
Total Functional Expenses$130,446$948$0$131,394
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Parallel Exit Inc
EIN
20-8728956
Phone
9174077537
Address
175 EASTERN PARKWAY, BROOKLYN, NY 11238

Signing Officer

Name
Matthew Menendez
Title
President
Phone
9174077537
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Menendez
Formed
2007
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
15
Volunteers
7

Preparer

Firm
Douglas G Sipe CPA LLC
Address
63 Beaverbrook Road Suite 301, Lincoln Park, NJ 07035
Preparer
Douglas G Sipe CPA LLC
Phone
9086875558
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Board will review form 990 before filing”

Raw XML Appendix385 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/PYContributionsGrantsAmt080759
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0101673
IRS990/PYProgramServiceRevenueAmt042111
IRS990/PYRevenuesLessExpensesAmt0-23869
IRS990/PYSalariesCompEmpBnftPaidAmt045066
IRS990/PYTotalExpensesAmt0146739
IRS990/PYTotalRevenueAmt0122870
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-10527
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt05520
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt028048
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt017521
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt059414
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt080760
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt089307
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt045910
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt045372
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0320763
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt054065
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt042111
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0178021
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt010989
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt010084
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0295270
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0267328
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt056899
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt055456
IRS990ScheduleA/Total509Grp/TotalAmt0616033
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0616033
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD WILL REVIEW FORM 990 BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt034082
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IRS990/TotalContributionsAmt059414
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0948
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0130446
IRS990/TotalFunctionalExpensesGrp/TotalAmt0131394
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IRS990/TotalLiabilitiesBOYAmt01895
IRS990/TotalLiabilitiesEOYAmt016561
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IRS990/TotalLiabilitiesGrp/EOYAmt016561
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt017521
IRS990/TotalProgramServiceExpensesAmt0130446
IRS990/TotalProgramServiceRevenueAmt054065
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt061453
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0120867
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt029943
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt034082
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt05773
IRS990/TravelGrp/TotalAmt05773
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt014700
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0175 EASTERN PARKWAY
IRS990/USAddress/CityNm0BROOKLYN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011238
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.PARALLELEXIT.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MATTHEW MENENDEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09174077537
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PARALLEL EXIT INC
ReturnHeader/Filer/BusinessNameControlTxt0PARA
ReturnHeader/Filer/EIN0208728956
ReturnHeader/Filer/PhoneNum09174077537
ReturnHeader/Filer/USAddress/AddressLine1Txt0175 EASTERN PARKWAY
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011238
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161642866
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Douglas G Sipe CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt063 Beaverbrook Road Suite 301
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lincoln Park
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007035
ReturnHeader/PreparerPersonGrp/PhoneNum09086875558
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DOUGLAS G SIPE CPA LLC
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-05-15T08:30:50-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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