Liabilities / Assets
41st percentile
Tied with the lowest-debt nonprofits in its peer group.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
40th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
70th percentile
Higher net margin than 70% of similar nonprofits.
Top Officer Pay
59th percentile
Higher top officer pay than 59% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
67th percentile
Faster asset growth than 67% of similar nonprofits.
Revenue Growth
11th percentile
Faster revenue growth than 11% of similar nonprofits.
Balance Sheet
Assets
Up$25,062
Up $5,371 (+27%) from 2018
Net Assets
Up$25,062
Up $5,371 (+27%) from 2018
Liabilities
Flat$0
Flat from 2018
Revenue And Expenses
Revenue
Down$46,265
Down $27,926 (-38%) from 2018
Expenses
Down$40,894
Down $36,824 (-47%) from 2018
Net Income
Up$5,371
Up $8,898 (+252%) from 2018
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2019 to Dec 31, 2019
- Signed
- May 6, 2020
- Return Version
- 2019v5.1
- Gross Receipts
- $46,265
Mission and Program Overview
Mission
Provides programs in schools and for children in the art of physical theatre.
Provides programs in schools and for children in the art and execution of physical theatre
Program Services
| Description | Grants | Expenses |
|---|---|---|
| PROVIDES PROGRAM IN SCHOOLS FOR CHILDREN IN THE ART AND EXECUTION OF PHYSICAL THEATRE | $38,397 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| MATTHEW MENENDEZ | President | PT | $0 | - | - |
| MARK LONERGAN | Treasurer | PT | $0 | - | - |
| KEN BANTA | Board Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Parallel Exit Inc
- EIN
- 20-8728956
- Phone
- 9174077537
- Address
- 175 EASTERN PARKWAY NO 1K, BROOKLYN, NY 11238
Signing Officer
- Name
- Matthew Menendez
- Title
- President
- Phone
- 9174077537
- Signed
- 2020-05-06
- Discuss with paid preparer
- Yes
Preparer
- Firm
- ROMANO & ASSOCIATES CPA'S PC
- Address
- 237 W 35TH ST SUITE 504, NEW YORK, NY 10001
- Preparer
- Joseph Romano
- Phone
- 2123813111
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: payroll fees. Amount: 257. Description: taxes & license. Amount: 62. Description: bank charges. Amount: 30. Description: dues & subscriptions. Amount: 2,025. Description: insurance. Amount: 2,845. Description: marketing. Amount: 3,856. Description: website expense. Amount: 298. Description: travel. Amount: 1,971. Description: supplies. Amount: 218. Description: payroll taxes. Amount: 1,867. Description: production expenses. Amount: 5,495. Total to form 990-ez, line 16: 18,924.”
Raw XML Appendix150 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | MARK LONERGAN |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9174077537 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 175 EASTERN PARKWAY |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | BROOKLYN |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 11235 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 19691 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 25062 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 40094 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 5371 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 4739 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 19691 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 25062 |
| IRS990EZ/GrossReceiptsAmt | 0 | 46265 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 19691 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 25062 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 19691 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 25062 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 8840 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | MATTHEW MENENDEZ |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | MARK LONERGAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | KEN BANTA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | BOARD MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 18924 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | PROVIDES PROGRAMS IN SCHOOLS AND FOR CHILDREN IN THE ART AND EXECUTION OF PHYSICAL THEATRE |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 7 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 6171 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | PROVIDES PROGRAM IN SCHOOLS FOR CHILDREN IN THE ART AND EXECUTION OF PHYSICAL THEATRE |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 38397 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 8384 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NY |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 40894 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 46265 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | PARALLELEXIT.COM |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 40094 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 58134 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 17762 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 115990 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 6171 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 16057 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 6000 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 28228 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 144218 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 46265 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 74191 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 23762 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 144218 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 46265 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 74191 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 23762 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 144218 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: PAYROLL FEES. AMOUNT: 257. DESCRIPTION: TAXES & LICENSE. AMOUNT: 62. DESCRIPTION: BANK CHARGES. AMOUNT: 30. DESCRIPTION: DUES & SUBSCRIPTIONS. AMOUNT: 2,025. DESCRIPTION: INSURANCE. AMOUNT: 2,845. DESCRIPTION: MARKETING. AMOUNT: 3,856. DESCRIPTION: WEBSITE EXPENSE. AMOUNT: 298. DESCRIPTION: TRAVEL. AMOUNT: 1,971. DESCRIPTION: SUPPLIES. AMOUNT: 218. DESCRIPTION: PAYROLL TAXES. AMOUNT: 1,867. DESCRIPTION: PRODUCTION EXPENSES. AMOUNT: 5,495. TOTAL TO FORM 990-EZ, LINE 16: 18,924. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2020-11-19 02:30:22Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MATTHEW MENENDEZ |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9174077537 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-05-06 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | PARALLEL EXIT INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | PARA |
| ReturnHeader/Filer/EIN | 0 | 208728956 |
| ReturnHeader/Filer/PhoneNum | 0 | 9174077537 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 175 EASTERN PARKWAY NO 1K |
| ReturnHeader/Filer/USAddress/CityNm | 0 | BROOKLYN |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 11238 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | F15112D1D2AF210B77C369A393ADDFFE8E00FBFF |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 173.54.203.209 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2020-05-06 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | ED |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 08:20:20 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 813867787 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | ROMANO & ASSOCIATES CPA'S PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 237 W 35TH ST SUITE 504 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | NEW YORK |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 10001 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2123813111 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2020-05-06 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JOSEPH ROMANO |
| ReturnHeader/ReturnTs | 0 | 2020-05-06T08:20:22-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2019-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2019-12-31 |
| ReturnHeader/TaxYr | 0 | 2019 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $25,062
- Liabilities
- $0
- Net assets
- $25,062
- Revenue
- $46,265
- Expenses
- $40,894
- Net income
- $5,371