Civic Intelligence

Parallel Exit Inc.

990 • Fiscal year 2025 • EIN 20-8728956

Jan 01, 2025 to Dec 31, 2025

Organization ProfileWWW.PARALLELEXIT.COM
175 Eastern ParkwayBrooklyn, NY 11238

(917) 407-7537

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$31,960

Down $2,122 (-6.2%) from 2024

Net Assets

Up

$20,299

Up $2,778 (+16%) from 2024

Liabilities

Down

$11,661

Down $4,900 (-30%) from 2024

Revenue And Expenses

Revenue

Down

$116,223

Down $4,644 (-3.8%) from 2024

Expenses

Down

$113,445

Down $17,949 (-14%) from 2024

Net Income

Up

$2,778

Up $13,305 (+126%) from 2024

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: $17,5212024Assets 2025: $31,960Liabilities 2025: $11,661Net Assets 2025: $20,2992025

Highlighted filing

2025

Assets$31,960
Liabilities$11,661
Net Assets$20,299
Open 2025 Filing

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: -$10,5272024Revenue 2025: $116,223Expenses 2025: $113,445Net Income 2025: $2,7782025

Highlighted filing

2025

Revenue$116,223
Expenses$113,445
Net Income$2,778
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
May 12, 2026
Return Version
2025v4.1
Gross Receipts
$116,223
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$23,961$21,839▼ $2,122
Rtn Earn Endowment Incm Other Fnds$17,521$20,299▲ $2,778
Pledges and Grants Receivable$9,840$9,840→ $0
Prepaid Expenses and Deferred Charges$281$281→ $0
Total Assets$34,082$31,960▼ $2,122
Liabilities
Unsecured Notes Loans Payable$14,700$9,800▼ $4,900
Accounts Payable and Accrued Expenses$1,861$1,861→ $0
Total Liabilities$16,561$11,661▼ $4,900
Net Assets / Fund Balance
Total Net Assets Fund Balance$17,521$20,299▲ $2,778
Total Liabilities and Net Assets / Fund Balance$34,082$31,960▼ $2,122
Compensation and Service Providers

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
$76,091
Program Service Revenue
$40,132
Investment Income
$0
Other Revenue
$0
All Other Contributions
$10,921
Change in Net Assets
$2,778
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$74,153
Salaries, Compensation, and Employee Benefits$39,292
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$36,500$0$0$36,500
Fees for Service Investment Mgmnt Fees$22,880$0$0$22,880
Travel$11,124$0$0$11,124
Occupancy$10,460$0$0$10,460
Insurance$0$4,599$0$4,599
Payroll Taxes$2,792$0$0$2,792
Fees for Services Accounting$0$1,684$0$1,684
Other Expenses$1,053$0$0$1,053
All Other Expenses$0$855$0$855
Office Expenses$510$0$0$510
Total Functional Expenses$106,307$7,138$0$113,445
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
2026-05-12
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
5
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”

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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0113479
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0122871
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0267328
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt056899
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0676800
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
IRS990/TotalAssetsBOYAmt034082
IRS990/TotalAssetsEOYAmt031960
IRS990/TotalAssetsGrp/BOYAmt034082
IRS990/TotalAssetsGrp/EOYAmt031960
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt076091
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07138
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0106307
IRS990/TotalFunctionalExpensesGrp/TotalAmt0113445
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016561
IRS990/TotalLiabilitiesEOYAmt011661
IRS990/TotalLiabilitiesGrp/BOYAmt016561
IRS990/TotalLiabilitiesGrp/EOYAmt011661
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt017521
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt020299
IRS990/TotalProgramServiceExpensesAmt0106307
IRS990/TotalProgramServiceRevenueAmt040132
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt040132
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0116223
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt034082
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt031960
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt011124
IRS990/TravelGrp/TotalAmt011124
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt014700
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt09800
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/SignatureDt02026-05-12
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/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/PreparationDt02026-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DOUGLAS G SIPE CPA LLC
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02026-05-14T11:59:33-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

Document Assets

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Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$31,960
Liabilities
$11,661
Net assets
$20,299
Revenue
$116,223
Expenses
$113,445
Net income
$2,778
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.32$0.12$0.20$1.16$1.13$0.03
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