Civic Intelligence

Parallel Exit Inc.

990EZ • Fiscal year 2020 • EIN 20-8728956

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 13, 2021

175 Eastern ParkwayBrooklyn, NY 11238

(917) 407-7537

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

24th percentile

-28%

Higher net margin than 24% of similar nonprofits.

2020 filings • NTEE A65 • <$500k nonprofits • Source year 2020

Top Officer Pay

61st percentile

$0

Higher top officer pay than 61% of similar nonprofits.

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

2020 filings • NTEE A65 • <$500k nonprofits • Source year 2020

Asset Growth

7th percentile

-61%

Faster asset growth than 7% of similar nonprofits.

2020 filings • NTEE A65 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

84th percentile

20%

Faster revenue growth than 84% of similar nonprofits.

2020 filings • NTEE A65 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$9,670

Down $15,392 (-61%) from 2019

Net Assets

Down

$9,670

Down $15,392 (-61%) from 2019

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$55,456

Up $9,191 (+20%) from 2019

Expenses

Up

$70,848

Up $29,954 (+73%) from 2019

Net Income

Down

-$15,392

Down $20,763 (-387%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2020

Assets$9,670
Liabilities-
Net Assets$9,670

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$55,456
Expenses$70,848
Net Income-$15,392
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 13, 2021
Return Version
2020v4.1
Gross Receipts
$55,456
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

DescriptionGrantsExpenses
PROVIDES PROGRAM IN SCHOOLDS FOR CHILDREN IN THE ARTAND EXECUTION OF PHYSICAL THEATRE$15,273$49,434
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MATTHEW MENENDEZPresidentPT$0--
MARK LONERGANBoard MemberPT$0--
KEN BANTABoard Member-$0--
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
2021-11-13

Preparer

Firm
Douglas G Sipe CPA LLC
Address
75 Lane Road Suite 403, Fairfield, NJ 07004
Preparer
Douglas G Sipe CPA LLC
Phone
9086875558
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

MARKETING 8260.

Form 990EZ, Part I, Line 16

Dues & subscriptions 441.

Form 990EZ, Part I, Line 16

GRANTS 3027.

Form 990EZ, Part I, Line 16

INSURANCE 360.

Form 990EZ, Part I, Line 16

PAYROLL FEES 258.

Form 990EZ, Part I, Line 16

PAYROLL TAXES 999.

Form 990EZ, Part I, Line 16

Production expenses 6559.

Form 990EZ, Part I, Line 16

TAXES 62.

Form 990EZ, Part I, Line 16

TRAVEL 704.

Form 990EZ, Part I, Line 16

WEBHOSTING 513.

Raw XML Appendix176 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/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0MARK LONERGAN
IRS990EZ/BooksInCareOfDetail/PhoneNum09174077537
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0175 EASTERN PARKWAY
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BROOKLYN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd011235
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt025062
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt09670
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt045372
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-15392
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt033973
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt025062
IRS990EZ/Form990TotalAssetsGrp/EOYAmt09670
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt055456
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt025062
IRS990EZ/NetAssetsOrFundBalancesEOYAmt09670
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt025062
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt09670
IRS990EZ/OccupancyRentUtltsAndMaintAmt07742
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt110.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MATTHEW MENENDEZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MARK LONERGAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2KEN BANTA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt021183
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0PROVIDES PROGRAMS IN SCHOOLS AND FOR CHILDREN IN THE ART AND EXECUTION OF PHYSICAL THEATRE
IRS990EZ/ProgramServiceRevenueAmt010084
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDES PROGRAM IN SCHOOLDS FOR CHILDREN IN THE ARTAND EXECUTION OF PHYSICAL THEATRE
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt015273
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt049434
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt07950
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt070848
IRS990EZ/TotalProgramServiceExpensesAmt049434
IRS990EZ/TotalRevenueAmt055456
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0PARALLELEXIT.COM
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt045372
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt040094
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt058134
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt017762
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0161362
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt010084
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt06171
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt016057
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt06000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt038312
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0199674
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt055456
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt046265
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt074191
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt023762
IRS990ScheduleA/Total509Grp/TotalAmt0199674
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0199674
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MARKETING 8260.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DUES & SUBSCRIPTIONS 441.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GRANTS 3027.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INSURANCE 360.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PAYROLL FEES 258.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PAYROLL TAXES 999.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PRODUCTION EXPENSES 6559.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7TAXES 62.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8TRAVEL 704.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9WEBHOSTING 513.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MATTHEW MENENDEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09174077537
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-13
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/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Douglas G Sipe CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt075 Lane Road Suite 403
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Fairfield
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007004
ReturnHeader/PreparerPersonGrp/PhoneNum09086875558
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DOUGLAS G SIPE CPA LLC
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-11-13T07:33:52-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MATTHEW
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MENENDEZ
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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