Two Chairs Inc
- Assets
- $186.4k
- Revenue
- $400.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 08/2013
- Data as of
- 12/2023
- EIN
- 27-4115161
Organization Overview
Two Chairs Inc is located in Brooklyn, NY. The organization was established in 2013. According to its NTEE Classification (Q21) the organization is classified as: International Cultural Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Two Chairs Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Two Chairs Inc generated $400.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $263.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SONG OF THE NORTH (THEATRICAL PLAY) - WE HAVE CONTINUED TO TOUR OUR THEATRICAL PRODUCTION, WHICH PREMIERED AT THE BROOKLYN ACADEMY OF MUSIC MARCH 5, 2022. THE 85-MINUTE SHOW INCORPORATES PUPPETS, SHADOW CASTERS, MUSIC, AND ANIMATION AND IS BASED ON THE 10TH CENTURY EPIC POEM SHAHNAMEH. WE PRODUCED THIS SHOW WITH ARTIST HAMID RAHMANIAN, PROVIDING SUPPORT AND FUNDRAISING SERVICES. WE ARE ALSO RESPONSIBLE FOR MANAGING THE TOUR AND THE SHOW FROM THE BEGINNING OF 2022 AND BEYOND. THIS PROJECT WAS DELAYED UNTIL 2022 DUE TO THE COVID 19 PANDEMIC. ALL TOURING DATES HAVE STARTED AND WILL CONTINUE THROUGH 2025.
LITERARY TRANSLATIONS - WE SUPPORT THE WORK OF TRANSLATORS IN THEIR EFFORT TO MAKE LITERARY WORKS AVAILABLE TO A LARGER, WIDER, AND MORE DIVERSE AUDIENCE.
BOOK 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.
COMMUNITY OUTREACH - WE CONTINUE TO WORK WITH LOCAL COMMUNITIES, PROVIDING RESIDENCIES, WORKSHOPS, AND OTHER LEARNING/ENGAGEMENT ACTIVITIES THROUGH OUR LARGER PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Negin Moss Director | OfficerTrustee | 1 | $0 |
Ram Devineni Director | OfficerTrustee | 1 | $0 |
Melissa Rahmanian President | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $94,427 |
| All other contributions, gifts, grants, and similar amounts not included above | $186,610 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $281,037 |
| Total Program Service Revenue | $119,639 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $400,676 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,428 |
| Office expenses | $4,016 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,236 |
| Travel | $16,067 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,434 |
| Insurance | $0 |
| All other expenses | $144 |
| Total functional expenses | $263,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,096 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,298 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $186,394 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $186,394 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $186,394 |