Nonprofit · EIN 13-3697027
TARGET MARGIN THEATER INC
Tax-exempt · BROOKLYN, NY 11220
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,001,862 | $974,004 | $27,858 | $1,114,904 | $289,228 | $825,676 |
| June 30, 2024 | 990 | $880,338 | $759,115 | $121,223 | $1,216,976 | $419,158 | $797,818 |
| June 30, 2023 | 990 | $618,263 | $721,986 | -$103,723 | $1,214,038 | $537,443 | $676,595 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $809,380
- of which government grants
- $132,075
- Program service revenue
- $172,703
- Investment income
- $18,067
- Other revenue
- $1,712
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $82,787
- Other salaries and wages
- $368,559
- Salaries, compensation and benefits (total)
- $572,387
- Professional fundraising fees
- $0
- Accounting fees
- $10,000
- Occupancy
- $180,446
- Travel
- $3,960
- Depreciation
- $15,978
- Program services (functional)
- $691,540
- Management and general (functional)
- $184,051
- Fundraising (functional)
- $98,413
Balance sheet and other
- Total assets, start of year
- $1,216,976
- Total assets, end of year
- $1,114,904
- Total liabilities, end of year
- $289,228
- Net assets, end of year
- $825,676
- Land, buildings and equipment
- $32,504
- Net assets without donor restrictions
- $708,176
- Net assets with donor restrictions
- $117,500
- Gross receipts
- $1,021,735
- Employees
- 70
- Volunteers
- 10
- Year formed
- 1991
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David Herskovits | Artistic Dir. Trustee or director, Officer | 40 | $82,787 | $6,000 |
| Purva Bedi | Secretary Trustee or director, Officer | 5 | $0 | $0 |
| Melody Cooper | Director Trustee or director | 2 | $0 | $0 |
| Kate Levin | President Trustee or director, Officer | 5 | $0 | $0 |
| Raymond Lohier | Director Trustee or director | 2 | $0 | $0 |
| Greig Sargeant | Director Trustee or director | 2 | $0 | $0 |
| Eric Sloan | Asst Secretary Trustee or director | 2 | $0 | $0 |
| Adam Weinstein | Treasurer Trustee or director, Officer | 5 | $0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID HERSKOVITS | ARTISTIC DIRECTOR/DIRECTOR Trustee or director, Officer | 40 | $77,250 |
| KATHERINE LEVIN | PRESIDENT/DIRECTOR Trustee or director, Officer | 5 | $0 |
| PURVA BEDI | SECRETARY/DIRECTOR Trustee or director, Officer | 5 | $0 |
| ADAM WEINSTEIN | TREASURER/DIRECTOR Trustee or director, Officer | 5 | $0 |
| ERIC SLOAN | DIRECTOR Trustee or director | 2 | $0 |
| DILEEP MURTHY | DIRECTOR Trustee or director | 2 | $0 |
| MELODY COOPER | DIRECTOR Trustee or director | 2 | $0 |
| RAY LOHIER | DIRECTOR Trustee or director | 2 | $0 |
| GREIG SARGEANT | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID HERSKOVITS | ARTISTIC DIRECTOR/DIRECTOR Trustee or director, Officer | 40 | $75,654 |
| KATHERINE LEVIN | PRESIDENT/DIRECTOR Trustee or director, Officer | 5 | $0 |
| PURVA BEDI | SECRETARY/DIRECTOR Trustee or director, Officer | 5 | $0 |
| ADAM WEINSTEIN | TREASURER/DIRECTOR Trustee or director, Officer | 5 | $0 |
| ERIC SLOAN | DIRECTOR Trustee or director | 2 | $0 |
| HILARY ALGER | DIRECTOR Trustee or director | 2 | $0 |
| DILEEP MURPHY | DIRECTOR Trustee or director | 2 | $0 |
| MELODY COOPER | DIRECTOR Trustee or director | 2 | $0 |
| RAY LOHIER | DIRECTOR Trustee or director | 2 | $0 |
| GREIG SARGEANT | DIRECTOR Trustee or director | 2 | $0 |
| REZINA SIDIQUE | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 232 52ND ST, BROOKLYN, NY 11220-1715
- Principal officer (990 for 2024)
- David Herskovits, 232 52nd Street, Brooklyn, NY 11220
- Signed the 990
- David Herskovits, Artistic Dir.
- Phone
- (718) 398-3095
- Website
- www.targetmargin.org
- Return prepared by
- Mary G Sormeley CPA
Mission
To create radically re-imagined versions of classics and new creations inspired by existing sources.
Program accomplishments
- Target Margin Theater had a fulfilling 2024/2025 season. Our seasons performance program was anchored by a new production of "Show Boat: A River," directed by David Herskovits and presented in collaboration with NYU Skirball Center. This bold new adaptation reframed the classic 1929 musical "Show Boat" for todays audience. Rehearsals began in November 2024, featuring an updated vocal and orchestral score, and a primarily BIPOC design team and cast of 10. Performances ran from January 9 26, 2025 at NYU Skirball Center with 6,304 audience members attending. Target Margin also hosted The Exponential Festival in January 2025 in The Doxsee Theater. Productions included Music created by Hayley Stahl, Gilda, with an Olive created and performed by Sophie Zmorrod, Ama created by Kenneth Keng, and winter solstice created and directed by Lal Ensari. Performances ran from 1/17 2/1/2025, with 510 audience members attending. Supporting artists has always been an integral part of TMTs mission. The TMT Institute continued this season with a new cohort of artists: Sarah Bellin, Ana Cantorn, Alyssa Haddad-Chin, Carl Holder, and Faith Zambl. Fellows are supported with space, material resources and a $2,000 stipend. On Sunday, June 8th, TMT held an Open Studio to invite our community to share in what the fellows had been exploring. TMTs Studio Space supported more than 91 theater artists with free rehearsal space totaling 1000 hours over the season. Our Young Artist Program in collaboration with the Center for Family Life worked at 2 different schools this season. In Fall 2024, TMT Artists and worked with 3rd - 6th graders at PS01 on a new production, with 4 performances on 12/6 and 12/7/2024. In Spring 2025, TMT Artists worked with students at PS 516 to create a new piece, which performances on June 9th, 2025. 380 people saw the fruits of our Young Artist program over the course of the season. Target Margins Community Cafes this season included gatherings for Local Artists (7/12/2024), SWANA community (7/18/2024), Kindred Theater Staff (7/28/2024), and a Holi-Gay Soiree (12/12/2024). In March 2025, Target Margin partnered with the Womens Empowerment Coalition of NYC to host a Community Cafe Ifta. More than 160 people attended our Community Cafes this season.Expenses $691,540 · revenue $172,703
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3697027
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A650)
- Assets (IRS master file)
- $1,114,904
- Income (IRS master file)
- $1,021,735
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,001,862 | $974,004 | $1,114,904 | XML |
| 990 | June 2024 | $880,338 | $759,115 | $1,216,976 | XML |
| 990 | June 2023 | $618,263 | $721,986 | $1,214,038 | XML |
| 990 | June 2022 | $715,577 | $791,468 | $831,381 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3697027).
Questions about TARGET MARGIN THEATER INC
- What is the EIN of TARGET MARGIN THEATER INC?
- The employer identification number (EIN) of TARGET MARGIN THEATER INC is 13-3697027.
- Is TARGET MARGIN THEATER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to TARGET MARGIN THEATER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TARGET MARGIN THEATER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TARGET MARGIN THEATER INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TARGET MARGIN THEATER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of TARGET MARGIN THEATER INC?
- The 990 for the year ended June 30, 2025 names David Herskovits.
- Who are the officers and directors of TARGET MARGIN THEATER INC?
- The 990 for the year ended June 30, 2025 lists 8 people; 1 received compensation from the organization, the highest $82,787 (David Herskovits, Artistic Dir.).
- How much revenue does TARGET MARGIN THEATER INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,001,862, expenses of $974,004 and total assets of $1,114,904 at year end.
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