CIRCLE IN THE SQUARE THEATRE SCHOOL INC

EIN: 133716314 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$2,107,786
Total Expenses
$1,945,191
Total Assets
$3,834,833
Net Assets
$3,317,462
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
NY
Principal Officer
SUSAN FRANKEL
Phone
2123070388
Tax Period
2024-07-01 to 2025-06-30

CIRCLE IN THE SQUARE THEATRE SCHOOL INC, founded in 1993, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $1.9M left a modest 8% surplus.

Mission

OUR ACTOR TRAINING CONNECTS EMOTIONAL TRUTH WITH THE POWER OF IMAGINATION, CULTIVATING ARTISTS WITH STRONG TECHNIQUE WHO WILL BE PREPARED TO THRIVE IN ALL STORYTELLING PLATFORMS. WE COMMIT TO AN INCLUSIVE, DIVERSE CURRICULUM AND CULTURE, HONORING OUR STUDENT'S UNIQUENESS WHILE CHALLENGING THEM TO EXPAND THEIR PERSPECTIVES AND ADVANCE THEIR CRAFT.

Program Service Accomplishments

Program 1
Expenses: $1,441,757 Revenue: $1,145,736

THERE ARE 50 TO 80 FULL-TIME STUDENTS PER YEAR THAT RECEIVE INDIVIDUALIZED ACTING CONSERVATORY TRAINING FOR STAGE, FILM AND TELEVISION. THERE ARE 5-10 GRADUATES OF THE PROGRAM ANNUALLY BECOME...

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THERE ARE 50 TO 80 FULL-TIME STUDENTS PER YEAR THAT RECEIVE INDIVIDUALIZED ACTING CONSERVATORY TRAINING FOR STAGE, FILM AND TELEVISION. THERE ARE 5-10 GRADUATES OF THE PROGRAM ANNUALLY BECOME RESIDENT ASSISTANTS, TRAINED IN ARTS EDUCATION FOR ELEMENTARY SCHOOL. OUTREACH PROGRAMS SERVE SEVERAL THOUSAND GENERAL PUBLIC, FRIENDS, FAMILY AND INDUSTRY PROFESSIONALS ATTENDING PLAYS FOR GRADES K-6, GRADUATE REPERTORY PRODUCTIONS, SCENE NIGHTS, PUBLIC CHRISTMAS CAROLING, SHOWCASES AND CABARETS.

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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 $863,619
Program Service Revenue $1,145,736
Investment Income $64,893
Other Revenue $33,538
TOTAL REVENUE $2,107,786

Expense Breakdown

Grants Paid $329,634
Salaries & Benefits $802,679
Fundraising Expenses $79,171
Program Expenses $1,441,757
Other Expenses $812,878
TOTAL EXPENSES $1,945,191

Year-over-Year Comparison

2024 2023 Change
Revenue $2,107,786 $1,723,516 +0.2%
Expenses $1,945,191 $1,583,705 +0.2%
Net Income $162,595 $139,811 +0.2%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
6
Employees
49
Volunteers
6

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
$102,850
Total Directors
8
$102,850
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHEILA GARVEY PRESIDENT (FROM 06/25) 10.00
Officer Director
$0 $0 $0
PAUL LIBIN PRESIDENT (UNTIL 06/25) 10.00
Officer Director
$0 $0 $0
JEANNE SLATER VICE PRESIDENT 40.00
Officer Director
$102,850 $0 $102,850
SUSAN FRANKEL SECRETARY/TREASURER 10.00
Officer Director
$0 $0 $0
DAVID FRANKEL DIRECTOR 2.00
Director
$0 $0 $0
JONATHAN JUDGE-RUSSO DIRECTOR 2.00
Director
$0 $0 $0
MATTHEW LILLARD DIRECTOR 2.00
Director
$0 $0 $0
AARON COLEMAN DIRECTOR 2.00
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 $2,107,786 $1,945,191 $3,834,833 $162,595
2024 No data No data No data No data
2023 $1,991,699 $1,806,371 $3,811,705 $185,328
2022 $1,052,836 $1,499,185 $3,017,594 $-446,349
2021 $1,698,719 $1,062,701 $3,679,150 $636,018
2020 $1,388,026 $1,396,418 $2,823,649 $-8,392
2019 $1,831,636 $1,856,165 $2,772,311 $-24,529
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