Two Chairs Inc
- Assets
- $113.8k
- Revenue
- $263.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 08/2013
- Data as of
- 12/2021
- 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 12/2021, Two Chairs Inc generated $263.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $241.0k during the year ending 12/2021. 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
2021
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) - THIS IS A THEATRICAL PRODUCTION, CURRENTLY IN DEVELOPMENT. THE 85-MINUTE SHOW INCORPORATES PUPPETS, SHADOW CASTERS, MUSIC AND ANIMATION AND IS BASED ON THE 10TH CENTURY EPIC POEM SHAHNAMEH. TWO CHAIRS WILL BE WORKING WITH ARTIST HAMID RAHMANIAN TO HELP PRODUCE THIS SHOW, PROVIDING SUPPORT AND FUNDRAISING SERVIES. TWO CHAIRS WILL ALSO BE RESPONSIBLE FOR MANAGING THE TOUR/SHOW FROM THE END OF 2022 ON. THIS PROJECT HAS BEEN DELAYED UNTIL 2022 DUE TO THE COVID-19 PANDEMIC. ALL TOURING DATES HAVE STARTED AND WILL CONTINUE THROUGH 2025.
THE SEVEN TRIALS OF ROSTAM (POPUP BOOK) - THIS IS A BOOK PROJECT THAT TWO CHAIRS IS FISCALLY SPONSORING. THE BOOK PROJECT IS A CONTINUATION OF ARTIST HAMID RAHMANIANS SHAHNAMETH PROJECT, MEANT TO PROMOTE MULTICULTURALISM AND DISVERSITY IN THE US BOOK MARKET. IT CONTINUES TO PROMOTE OUR EXPANDED MISSION STATEMENT OF HELPING UNDERREPRESENTED ARTISTS CREATE AND PROMOTE NEW WORKS OF ART FOR A WIDE DIVERSE AMERICAN AUDIENCE. IT IS SLATED TO BE PUBLISHED IN 2022.
BOOK PUBLISHING FUND - TWO CHAIRS HAS STARTED A NEW PROJECT, A FUND TO HELP ARTISTS PUBLISH THEIR OWN BOOKS, ALLOWING THEM TO MAINTAIN MORE CONTROL OVER THEIR WORK. TWO CHAIRS HELS RAISE FUNDS FOR THE COST OF THE BOOK AND THEN RETAINS SOME PORTION OF THE PROFITS FOR ADDITIONAL REPRINTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sourena Parham Secretarydirector | OfficerTrustee | 1 | $0 |
Hamid Rahmanian 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 | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $248,772 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $263,772 |
| Total Program Service Revenue | $0 |
| 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 | $263,772 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,803 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,300 |
| Travel | $5,559 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $241,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,127 |
| 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 | $4,646 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $113,773 |
| 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 | $113,773 |
| 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 | $113,773 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Two Chairs Inc has recieved totaling $153,680.
| Awarding Organization | Amount |
|---|---|
New England Foundation For The Arts Inc Boston, MA PURPOSE: GENERAL OPERATING, CREATION AND/OR PRESENTING SUPPORT | $71,680 |
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $22,500 |
Tahbazof Family Foundation Wilmington, DE PURPOSE: SONG OF THE NORTH | $10,000 |
Pivotal Foundation Phoenix, AZ PURPOSE: FOR THE EXEMPT PURPOSE OF THE ORGANIZATION | $10,000 |
Declaration Of Trust Of The Bijan Amin And Soraya Amin Foundation Los Angeles, CA PURPOSE: TO PROMOTE SOCIAL EDUCATION & MEDICAL SCIENCE RESEARCH | $10,000 |
Dubose & Dorothy Heyward Memorial Fund Pittsburgh, PA PURPOSE: GENERAL OPERATING | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Religious Zionist Youth Movement- Bnei Akiva Of The U S & Canada Inc New York, NY | $11,474,326 | $12,564,683 |
Asian Cultural Council Inc New York, NY | $42,424,533 | $6,554,346 |
American Australian Association Inc New York, NY | $20,329,376 | $5,966,095 |
International Academy Of Fine Art New Haven, CT | $7,361,430 | $3,896,682 |
Narrative 4 Inc New York, NY | $1,205,933 | $1,903,403 |
Art Omi Inc Ghent, NY | $43,946,364 | $3,128,359 |
Soliya Inc New York, NY | $378,380 | $2,402,375 |
French Heritage Society Inc New York, NY | $4,346,853 | $2,062,675 |
Oldways Preservation & Exchange Trust Inc Boston, MA | $1,292,816 | $1,750,409 |
American Friends Of The Centre Pompidou Inc New York, NY | $35,443,867 | $1,267,005 |
Cec Artslink Inc New York, NY | $834,274 | $924,449 |
Us China Scitech Education Promotion Association Inc Andover, MA | $129,701 | $738,187 |