MABOU MINES DEVELOPMENT FOUNDATION INC

EIN: 237396613 501(c)(3) Arts, Culture & Humanities

New York, NY

Total Revenue
$526,308
Total Expenses
$477,544
Total Assets
$236,697
Net Assets
$179,997
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
NY
Principal Officer
KAREN KANDEL
Phone
2124730559
Tax Period
2024-07-01 to 2025-06-30

MABOU MINES DEVELOPMENT FOUNDATION INC, founded in 1973, is a small nonprofit in the Arts, Culture & Humanities sector that reported $526K in total revenue in fiscal year 2024. Expenses of $478K left a modest 9% surplus.

Mission

Mabou Mines is an artist-driven experimental theater collective generating original works and re-imagined adaptations of classics. Work is created through multi-disciplinary, technologically inventive collaborations among its members and a wide world of contemporary filmmakers, composers, writers, musicians, choreographers, puppeteers and visual artists. Mabou Mines fosters the next generation of artists through mentorship and residencies such as the long-standing Resident Artist Program for emerging artists, and SUITE/Space for diverse artists from under-represented communities.

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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 $420,130
Program Service Revenue $31,699
Investment Income $8
Other Revenue $74,471
TOTAL REVENUE $526,308

Expense Breakdown

Grants Paid $8,000
Salaries & Benefits $174,508
Fundraising Expenses $26,213
Program Expenses $358,467
Other Expenses $295,036
TOTAL EXPENSES $477,544

Year-over-Year Comparison

2024 2023 Change
Revenue $526,308 $488,018 +0.1%
Expenses $477,544 $608,375 -0.2%
Net Income $48,764 $-120,357 -1.4%
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
9
Independent Members
6
Employees
12
Volunteers
7

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
3
$35,308
Total Directors
9
$51,462
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MALLORY CATLETT Sec/Treasurer 8.00
Officer Director
$19,154 $0 $19,154
CARL HANCOCK RUX Director 8.00
Director
$16,154 $0 $16,154
KAREN KANDEL President 8.00
Officer Director
$16,154 $0 $16,154
JASON JAFFERY Director 1.00
Director
$0 $0 $0
ESTHER FORTUNOFF-GREENE Chair 1.00
Officer Director
$0 $0 $0
NICOLE KASSELL Director 1.00
Director
$0 $0 $0
LENORE COONEY Director 1.00
Director
$0 $0 $0
DAVID S PREMINGER Director 1.00
Director
$0 $0 $0
FREDRICK E SHERMAN Director 1.00
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 $526,308 $477,544 $236,697 $48,764
2024 $488,018 $608,375 $164,733 $-120,357
2023 $890,059 $826,679 $267,875 $63,380
2022 $697,006 $740,033 $307,227 $-43,027
2021 $400,003 $363,990 $283,723 $36,013
2020 $655,972 $531,313 $233,829 $124,659
2019 $548,735 $666,403 $209,870 $-117,668
2018 $730,565 $676,287 $307,775 $54,278
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