Civic Intelligence

Two Chairs Inc.

990 • Fiscal year 2023 • EIN 27-4115161

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 09, 2024

Organization Profilewww.twochairs.com
39 Remsen Street STE 2ABrooklyn, NY 11201

(718) 755-1280

Siviq Scores

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

Liabilities / Assets

67th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • NTEE Q • <$500k nonprofits • Source year 2023

Liabilities / Revenue

67th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • NTEE Q • <$500k nonprofits • Source year 2023

Net Margin

80th percentile

34%

Higher net margin than 80% of similar nonprofits.

2023 filings • NTEE Q • <$500k nonprofits • Source year 2023

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

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

2023 filings • NTEE Q • <$500k nonprofits • Source year 2023

Asset Growth

95th percentile

266%

Faster asset growth than 95% of similar nonprofits.

2023 filings • NTEE Q • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

81st percentile

51%

Faster revenue growth than 81% of similar nonprofits.

2023 filings • NTEE Q • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$186,394

Up $135,488 (+266%) from 2022

Net Assets

Up

$186,394

Up $135,488 (+266%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin80th percentile

Revenue

Up

$400,676

Up $135,042 (+51%) from 2022

Expenses

Down

$263,725

Down $64,776 (-20%) from 2022

Net Income

Up

$136,951

Up $199,818 (+318%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$300K$200K$100K$0Assets 2014: $257,536Liabilities 2014: $27,916Net Assets 2014: $229,6202014Assets 2015: $97,023Liabilities 2015: $17,800Net Assets 2015: $79,2232015Assets 2016: $31,858Liabilities 2016: $17,800Net Assets 2016: $14,0582016Assets 2017: $82,901Liabilities 2017: $14,600Net Assets 2017: $68,3012017Assets 2018: $67,590Liabilities 2018: $0Net Assets 2018: $67,5902018Assets 2019: $20,467Liabilities 2019: $0Net Assets 2019: $20,4672019Assets 2020: $91,017Liabilities 2020: $0Net Assets 2020: $91,0172020Assets 2021: $113,773Liabilities 2021: $0Net Assets 2021: $113,7732021Assets 2022: $50,906Liabilities 2022: $0Net Assets 2022: $50,9062022Assets 2023: $186,394Liabilities 2023: $0Net Assets 2023: $186,3942023Assets 2024: $124,972Liabilities 2024: $0Net Assets 2024: $124,9722024

Highlighted filing

2023

Assets$186,394
Liabilities$0
Net Assets$186,394
Open 2023 Filing

Operations Trend

Revenue Growth81st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2014: $1,620,730Expenses 2014: $1,402,135Net Income 2014: $218,5952014Revenue 2015: $247,889Expenses 2015: $398,286Net Income 2015: -$150,3972015Revenue 2016: $263,199Expenses 2016: $328,364Net Income 2016: -$65,1652016Revenue 2017: $332,659Expenses 2017: $278,416Net Income 2017: $54,2432017Revenue 2018: $442,118Expenses 2018: $459,923Net Income 2018: -$17,8052018Revenue 2019: $85,519Expenses 2019: $162,322Net Income 2019: -$76,8032019Revenue 2020: $113,814Expenses 2020: $43,264Net Income 2020: $70,5502020Revenue 2021: $263,772Expenses 2021: $241,016Net Income 2021: $22,7562021Revenue 2022: $265,634Expenses 2022: $328,501Net Income 2022: -$62,8672022Revenue 2023: $400,676Expenses 2023: $263,725Net Income 2023: $136,9512023Revenue 2024: $456,783Expenses 2024: $512,210Net Income 2024: -$55,4272024

Highlighted filing

2023

Revenue$400,676
Expenses$263,725
Net Income$136,951
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 9, 2024
Return Version
2023v5.1
Gross Receipts
$400,676
Mission and Program Overview

Mission

The organization will educate the public about different cultures by presenting documentaries, doing social work, and making little known works of art available, while also helping artists fund their work as a tool to help fulfill the goal of educating the general public

The organization will educate the public about different cultures by presenting documentaries, doing social work, and making little known works of art available, while also helping artists fund their work as a tool to help fulfill the goal of educating the general public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$38,711$178,096▲ $139,385
Land, Buildings, and Equipment, Net$10,732$8,298▼ $2,434
Total Assets$49,443$186,394▲ $136,951
Liabilities
Other Liabilities$5,944--
Total Liabilities$5,944$0▼ $5,944
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$43,499$186,394▲ $142,895
Total Net Assets Fund Balance$43,499$186,394▲ $142,895
Total Liabilities and Net Assets / Fund Balance$49,443$186,394▲ $136,951

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,298$65,042$73,340
Compensation and Service Providers
Top Officer Pay86th percentile

Board Members and Trustees

NameTitle
Melissa RahmanianPresident
Negin MossDirector
Ram DevineniDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$281,037
Program Service Revenue
$119,639
Investment Income
$0
Other Revenue
$0
All Other Contributions
$186,610
Change in Net Assets
$136,951
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$263,725
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$17,815--$17,815
Travel$16,067--$16,067
Occupancy$8,236--$8,236
Advertising$5,428--$5,428
Office Expenses-$4,016-$4,016
Depreciation Depletion$2,434--$2,434
Fees for Services Accounting-$1,325-$1,325
All Other Expenses$144--$144
Total Functional Expenses$258,384$5,341$0$263,725
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Fictionville Studio LLCFreelancerProvides production servicesNo$8,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
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

Governance Explanations

Form 990 governing body review Part VI line 11

“The President is responsible for reviewing the 990 and then sending it to the Board for their review. Once reviewed, the 990 form is signed by the president before being filed with the IRS.”

Governing documents etc available to public Part VI line 19

“Two Chairs Inc. makes its form 1023 and form 990 available for public inspection upon request.”

Filing and Contact Details

Filer

Filer Name
Two Chairs Inc
EIN
27-4115161
Address
39 Remsen Street STE 2A, Brooklyn, NY 11201

Signing Officer

Name
Melissa Rahmanian
Title
President
Phone
7187551280
Signed
2024-08-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Rahmanian
Formed
2013
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Sycamore Consulting Inc
Address
118 Sycamore Avenue, Marlton, NJ 08053
Preparer
Nancy R DeCicco
Phone
6097073693
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Loan payment of $5,944 made to the SBA to payoff the EIDL balance.”

General explanation attachment

“There was a change made to the beginning balance sheet to reflect an outstanding US SBA EIDL loan that needed to be repaid. The repayment was made during 2023 so there is no ending loan balance.”

Raw XML Appendix330 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/ProgSrvcAccomActy2Grp/Desc0Book Publishing Fund - We are continuing with our publishing fund to help artists publish their own books, allowing them to maintain more control over their work. We help raise funds for the cost of the book and then retain some portion of the profits for additional reprints.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt035760
IRS990/ProgSrvcAccomActy3Grp/Desc0Community Outreach - We continue to work with local communities, providing residencies, workshops, and other learning/engagement activities through our larger projects.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Literary Translations - We support the work of translators in their effort to make literary works available to a larger, wider, and more diverse audience.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The President is responsible for reviewing the 990 and then sending it to the Board for their review. Once reviewed, the 990 form is signed by the president before being filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Two Chairs Inc. makes its form 1023 and form 990 available for public inspection upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Loan payment of $5,944 made to the SBA to payoff the EIDL balance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3There was a change made to the beginning balance sheet to reflect an outstanding US SBA EIDL loan that needed to be repaid. The repayment was made during 2023 so there is no ending loan balance.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3General explanation attachment
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IRS990/TotalLiabilitiesBOYAmt05944
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt05944
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt043499
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0186394
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0258384
IRS990/TotalProgramServiceRevenueAmt0119639
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0119639
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0400676
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt049443
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0186394
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt016067
IRS990/TravelGrp/TotalAmt016067
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt039 Remsen Street 2A
IRS990/USAddress/CityNm0Brooklyn
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011201
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.twochairs.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Melissa Rahmanian
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum07187551280
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Two Chairs Inc
ReturnHeader/Filer/BusinessNameControlTxt0TWOC
ReturnHeader/Filer/EIN0274115161
ReturnHeader/Filer/USAddress/AddressLine1Txt039 Remsen Street STE 2A
ReturnHeader/Filer/USAddress/CityNm0Brooklyn
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011201
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223811647
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Sycamore Consulting Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0118 Sycamore Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Marlton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008053
ReturnHeader/PreparerPersonGrp/PhoneNum06097073693
ReturnHeader/PreparerPersonGrp/PreparationDt02024-08-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Nancy R DeCicco
ReturnHeader/ReturnTs02024-08-19T21:56:55-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$186,394
Liabilities
$0
Net assets
$186,394
Revenue
$400,676
Expenses
$263,725
Net income
$136,951
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.46$0.51$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.40$0.26$0.14
2022Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.27$0.33$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.26$0.24$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$0.11$0.04$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.09$0.16$0.08
2018Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.44$0.46$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.08$0.01$0.07$0.33$0.28$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.03$0.02$0.01$0.26$0.33$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.10$0.02$0.08$0.25$0.40$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.26$0.03$0.23$1.62$1.40$0.22