Only Make Believe Inc
- Assets
- $2.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 40
- Location
- New York, NY
- Founding
- 03/2001
- Data as of
- 12/2023
- EIN
- 13-4133410
Organization Overview
Only Make Believe Inc is located in New York, NY. The organization was established in 2001. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Only Make Believe Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Only Make Believe 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, Only Make Believe Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 4.2% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ONLY MAKE BELIEVE (OMB) SERVES CHILDREN IN HOSPITALS AND CARE FACILITIES, (SEE SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Hammerstein Co-President | OfficerTrustee | 2 | $0 |
Sally Wheeler Maier Co-President | OfficerTrustee | 2 | $0 |
Laura Angel-Lalanne Treasurer | OfficerTrustee | 2 | $0 |
Waseem Noor Secretary | OfficerTrustee | 2 | $0 |
Bradley J Butwin Board Member | Trustee | 2 | $0 |
Joe Dipietro Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $95,891 |
| Related organizations | $0 |
| Government grants | $239,278 |
| All other contributions, gifts, grants, and similar amounts not included above | $415,543 |
| Noncash contributions included in lines 1a–1f | $20,158 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $750,712 |
| Total Program Service Revenue | $0 |
| Investment income | $22,650 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$38,475 |
| Net Income from Fundraising Events | $668,008 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,423,945 |
| 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. | $197,037 |
| Compensation of current officers, directors, key employees. | $27,705 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $780,807 |
| Pension plan accruals and contributions | $5,713 |
| Other employee benefits | $127,524 |
| Payroll taxes | $83,244 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,117 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,786 |
| Advertising and promotion | $3,833 |
| Office expenses | $12,769 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $90,709 |
| Travel | $69,225 |
| 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 | $3,363 |
| Insurance | $31,558 |
| All other expenses | $7,085 |
| Total functional expenses | $1,681,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $433,582 |
| Savings and temporary cash investments | $913 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $256,162 |
| 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 | $26,756 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,123,165 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $622,979 |
| Total assets | $2,463,557 |
| Accounts payable and accrued expenses | $70,120 |
| 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 | $589,576 |
| Total liabilities | $659,696 |
| Net assets without donor restrictions | $1,516,053 |
| Net assets with donor restrictions | $287,808 |
| 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 | $2,463,557 |