TARGET MARGIN THEATER INC

EIN: 133697027 501(c)(3) Arts, Culture & Humanities

Brooklyn, NY

Total Revenue
$1,001,862
Total Expenses
$974,004
Total Assets
$1,114,904
Net Assets
$825,676
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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NY
Principal Officer
David Herskovits
Phone
7183983095
Tax Period
2024-07-01 to 2025-06-30

TARGET MARGIN THEATER INC, founded in 1991, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

To create radically re-imagined versions of classics and new creations inspired by existing sources.

Program Service Accomplishments

Program 1
Expenses: $691,540 Revenue: $172,703

Target Margin Theater had a fulfilling 2024/2025 season. Our seasons performance program was anchored by a new production of "Show Boat: A River," directed by David Herskovits and presented in...

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Target Margin Theater had a fulfilling 2024/2025 season. Our seasons performance program was anchored by a new production of "Show Boat: A River," directed by David Herskovits and presented in collaboration with NYU Skirball Center. This bold new adaptation reframed the classic 1929 musical "Show Boat" for todays audience. Rehearsals began in November 2024, featuring an updated vocal and orchestral score, and a primarily BIPOC design team and cast of 10. Performances ran from January 9 26, 2025 at NYU Skirball Center with 6,304 audience members attending. Target Margin also hosted The Exponential Festival in January 2025 in The Doxsee Theater. Productions included Music created by Hayley Stahl, Gilda, with an Olive created and performed by Sophie Zmorrod, Ama created by Kenneth Keng, and winter solstice created and directed by Lal Ensari. Performances ran from 1/17 2/1/2025, with 510 audience members attending. Supporting artists has always been an integral part of TMTs mission. The TMT Institute continued this season with a new cohort of artists: Sarah Bellin, Ana Cantorn, Alyssa Haddad-Chin, Carl Holder, and Faith Zambl. Fellows are supported with space, material resources and a $2,000 stipend. On Sunday, June 8th, TMT held an Open Studio to invite our community to share in what the fellows had been exploring. TMTs Studio Space supported more than 91 theater artists with free rehearsal space totaling 1000 hours over the season. Our Young Artist Program in collaboration with the Center for Family Life worked at 2 different schools this season. In Fall 2024, TMT Artists and worked with 3rd - 6th graders at PS01 on a new production, with 4 performances on 12/6 and 12/7/2024. In Spring 2025, TMT Artists worked with students at PS 516 to create a new piece, which performances on June 9th, 2025. 380 people saw the fruits of our Young Artist program over the course of the season. Target Margins Community Cafes this season included gatherings for Local Artists (7/12/2024), SWANA community (7/18/2024), Kindred Theater Staff (7/28/2024), and a Holi-Gay Soiree (12/12/2024). In March 2025, Target Margin partnered with the Womens Empowerment Coalition of NYC to host a Community Cafe Ifta. More than 160 people attended our Community Cafes this season.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $809,380
Program Service Revenue $172,703
Investment Income $18,067
Other Revenue $1,712
TOTAL REVENUE $1,001,862

Expense Breakdown

Grants Paid $0
Salaries & Benefits $572,387
Fundraising Expenses $98,413
Program Expenses $691,540
Other Expenses $401,617
TOTAL EXPENSES $974,004

Year-over-Year Comparison

2024 2023 Change
Revenue $1,001,862 $880,338 +0.1%
Expenses $974,004 $759,115 +0.3%
Net Income $27,858 $121,223 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
7
Employees
70
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$88,787
Total Directors
8
$88,787
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Herskovits Artistic Dir. 40.00
Officer Director
$82,787 $6,000 $88,787
Purva Bedi Secretary 5.00
Officer Director
$0 $0 $0
Melody Cooper Director 2.00
Director
$0 $0 $0
Kate Levin President 5.00
Officer Director
$0 $0 $0
Raymond Lohier Director 2.00
Director
$0 $0 $0
Greig Sargeant Director 2.00
Director
$0 $0 $0
Eric Sloan Asst Secretary 2.00
Director
$0 $0 $0
Adam Weinstein Treasurer 5.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,001,862 $974,004 $1,114,904 $27,858
2024 $880,338 $759,115 $1,216,976 $121,223
2023 $618,263 $721,986 $1,214,038 $-103,723
2022 $715,577 $791,468 $831,381 $-75,891
2021 $711,292 $466,794 $938,332 $244,498
2020 $750,422 $596,705 $682,287 $153,717
2019 $810,816 $669,682 $471,851 $141,134
2018 $578,582 $564,739 $327,836 $13,843
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