Parity Productions Inc
- Assets
- $743.4k
- Revenue
- $466.9k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/2019
- Data as of
- 12/2022
- EIN
- 13-4043424
Organization Overview
Parity Productions Inc is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parity Productions 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 12/2022, Parity Productions Inc generated $466.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $489.3k during the year ending 12/2022. While expenses have increased by 14.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Treat President | 2 | $0 | |
Ludovica Villar-Hauser Executive Director | 40 | $90,000 | |
Gregory Murphy Secretary | 4 | $0 | |
Judy Polzer Treasurer | 6 | $0 | |
Mel Wymore Director | 2 | $0 | |
Ashley Garrett Former Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $432,267 |
| Interest on Savings | $1,620 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,793 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $85 |
| Other Income | $12,171 |
| Total Revenue | $466,936 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $90,000 |
| Other employee salaries and wages | $170,414 |
| Pension plans, employee benefits | $1,100 |
| Interest | $0 |
| Taxes | $29,104 |
| Depreciation | $0 |
| Occupancy | $13,697 |
| Travel, conferences, and meetings | $1,304 |
| Printing and publications | $1,344 |
| Other expenses | $131,219 |
| Total operating and administrative expenses | $483,015 |
| Contributions, gifts, grants paid | $6,250 |
| Total expenses and disbursements | $489,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,990 |
| Savings and temporary cash investments | $55,359 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $470 |
| Grants receivable | $48,180 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $132 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $615,270 |
| Total assets | $743,401 |
| Accounts payable and accrued expenses | $4,377 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $60,000 |
| Total liabilities | $64,377 |
Grants Awarded
Over the last fiscal year, Parity Productions Inc has awarded $6,250 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
JONATHAN ALEXANDRATOS PURPOSE: ANNUAL PARITY COMMISSION AWARD FOR NEW PLAY DEVELOPMENT | $1,250 |
KELLEY NICOLE GIROD PURPOSE: ANNUAL PARITY COMMISSION AWARD FOR NEW PLAY DEVELOPMENT | $1,250 |
M SLOTH LEVINE PURPOSE: ANNUAL PARITY COMMISSION AWARD FOR NEW PLAY DEVELOPMENT | $1,250 |
SAM MUELLER PURPOSE: ANNUAL PARITY COMMISSION AWARD FOR NEW PLAY DEVELOPMENT | $1,250 |
JORDAN RAMIREZ PUCKETT PURPOSE: ANNUAL PARITY COMMISSION AWARD FOR NEW PLAY DEVELOPMENT | $1,250 |