Nonprofit · EIN 20-8728956
PARALLEL EXIT INC
Tax-exempt · BROOKLYN, NY 11238
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $116,223 | $113,445 | $2,778 | $31,960 | $11,661 | $20,299 |
| December 31, 2024 | 990 | $120,867 | $131,394 | -$10,527 | $34,082 | $16,561 | $17,521 |
| December 31, 2023 | 990 | $122,870 | $146,739 | -$23,869 | $29,943 | $1,895 | $28,048 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $76,091
- of which government grants
- $65,170
- Program service revenue
- $40,132
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $36,500
- Salaries, compensation and benefits (total)
- $39,292
- Professional fundraising fees
- $0
- Accounting fees
- $1,684
- Occupancy
- $10,460
- Travel
- $11,124
- Program services (functional)
- $106,307
- Management and general (functional)
- $7,138
Balance sheet and other
- Total assets, start of year
- $34,082
- Total assets, end of year
- $31,960
- Total liabilities, end of year
- $11,661
- Net assets, end of year
- $20,299
- Gross receipts
- $116,223
- Employees
- 5
- Volunteers
- 7
- Year formed
- 2007
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATTHEW MENENDEZ | PRESIDENT Trustee or director, Officer | 5 | $0 |
| KEN BANTA | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| ANITA GIRDHARI | DIRECTOR Trustee or director, Officer | 2 | $0 |
| SHARON GURWTZ | FINANCIAL ADVISOR Trustee or director, Officer | 2 | $0 |
| MARK LONERGAN | ARTISTIC DIRECTOR Trustee or director | 10 | $0 |
| SUCHAN VODOOR | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATTHEW MENENDEZ | PRESIDENT Trustee or director, Officer | 5 | $0 |
| KEN BANTA | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| ANITA GIRDHARI | DIRECTOR Trustee or director, Officer | 2 | $0 |
| SHARON GURWTZ | FINANCIAL ADVISOR Trustee or director, Officer | 2 | $0 |
| MARK LONERGAN | ARTISTIC DIRECTOR Trustee or director | 10 | $0 |
| SUCHAN VODOOR | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATTHEW MENENDEZ | PRESIDENT Trustee or director, Officer | 5 | $0 |
| KEN BANTA | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| ANITA GIRDHARI | DIRECTOR Trustee or director, Officer | 2 | $0 |
| SHARON GURWTZ | FINANCIAL ADVISOR Trustee or director, Officer | 2 | $0 |
| MARK LONERGAN | ARTISTIC DIRECTOR Trustee or director | 10 | $0 |
| SUCHAN VODOOR | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 175 EASTERN PKWY, BROOKLYN, NY 11238-6056
- In care of
- % MARK LONERGAN
- Mailing address (990-N for 2019)
- 175 EASTERN PARKWAY SUITE 1K, BROOKLYN NY 11238
- Principal officer (990 for 2025)
- MATTHEW MENENDEZ, 175 EASTERN PARKWAY, BROOKLYN, NY 11238
- Principal officer (990-N for 2019)
- MATTHEW MENENDEZ, 175 EASTERN PARKWAY SUITE 1K, BROOKLYN NY 11238
- Signed the 990
- MATTHEW MENENDEZ, PRESIDENT
- Phone
- (917) 407-7537
- Website
- PARALLELEXIT.COM
- Return prepared by
- Douglas G Sipe CPA LLC
Mission
PROVIDES PROGRAMS IN SCHOOLS AND FOR CHILDREN IN THE ART OF PHYSICAL THEATRE.
Program accomplishments
- PARALLEL EXIT CREATES MAINSTAGE PRODUCTIONS THAT ARE ACCESSIBLE AND OF INTEREST TO FAMILY AUDIENCES. NEW WORKS FOR THE STAGE ARE CREATED WITH THE OVERARCHING GOAL TO PROVIDE MOMENTS OF INSPIRATIONAL CREATIVITY THAT CAN ONLY BE EXPERIENCED LIVE. PRODUCTIONS IN NEW YORK CITY HAVE BEEN PRESENTED AT VENUES SUCH AS LINCOLN CENTER, THE BROOKLYN ACADEMY OF MUSIC, THE NEW VICTORY THEATER, AND SYMPHONY SPACE.Expenses $64,814 · grants $25,000 · revenue $5,849
- PARALLEL EXITS PHYSICAL THEATER LAB PROGRAM FURTHERS THE ART FORM AND PROVIDES A PLATFORM OF SUPPORT FOR ITS GREATEST MINDS.THIS PROGRAM IS DEDICATED TO DEVELOPING NEW WORKS OF PHYSICAL THEATER. THE UNUSUAL AND OFTEN DEVISED NATURE OF THIS ART FORM DOES NOT FIT INTO THE STRUCTURE OF TRADITIONAL PLAYWRITING LABS, AND MANY PHYSICAL THEATER ARTISTS REQUIRE GREATER FLEXIBILITY IN DEVELOPING NEW WORK. PARALLEL EXIT FILLS THE VOID. THIS LAB SERIES HAS DEVELOPED FOUR PRODUCTIONS THAT PARALLEL EXIT HAS GONE ON TO PRESENT IN NEW YORK CITY AND ON TOUR.Expenses $23,000 · grants $15,000 · revenue $15,000
- PARALEL EXIT PRESENTS FREE COMMUNITY PERFORMANCES FOR FAMILY AUDIENCES THROUGHOUT NEW YORK CITY.THESE PERFORMANCES ARE OFTEN PRESENTED IN PARTNERSHIP WITH OTHER NONPROFIT INSTITUTIONS SUCH AS THE BROOKLYN ACADEMY OF MUSIC AND THE BROOKLYN PUBLIC LIBRARY. THIS PROGRAM CONNECTS DIRECTLY WITH PARALLEL EXITS MISSION TO PRESENT ORIGINAL WORKS OF PHYSICAL THEATER TO AUDIENCES OF ALL AGES IN NEW YORK CITY. PERFORMANCES OFFER AUDIENCES A FREE OPPORTUNITY TO EXPERIENCE INNOVATIVE LIVE PERFORMANCE, ATTRACTING AND EDUCATING A LOYAL AUDIENCE FOR THIS WORK, AND HELPING ESTABLISH PHYSICAL THEATER AS A CULTURAL FORCE IN NEW YORK CITY.Expenses $18,493 · grants $10,000 · revenue $14,283
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-8728956
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A65)
- Assets (IRS master file)
- $31,960
- Income (IRS master file)
- $116,223
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $116,223 | $113,445 | $31,960 | IRS |
| 990 | December 2024 | $120,867 | $131,394 | $34,082 | IRS |
| 990 | December 2023 | $122,870 | $146,739 | $29,943 | XML |
| 990 | December 2022 | $270,865 | $260,286 | $53,811 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: MATTHEW MENENDEZ | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 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 20-8728956).
Questions about PARALLEL EXIT INC
- What is the EIN of PARALLEL EXIT INC?
- The employer identification number (EIN) of PARALLEL EXIT INC is 20-8728956.
- Is PARALLEL EXIT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to PARALLEL EXIT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PARALLEL EXIT 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 PARALLEL EXIT INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PARALLEL EXIT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PARALLEL EXIT INC?
- The 990 for the year ended December 31, 2025 names MATTHEW MENENDEZ.
- Who are the officers and directors of PARALLEL EXIT INC?
- The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does PARALLEL EXIT INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $116,223, expenses of $113,445 and total assets of $31,960 at year end.
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