Two Chairs Inc

EIN: 274115161 501(c)(3) International Affairs

Brooklyn, NY

Total Revenue
$456,783
Total Expenses
$512,210
Total Assets
$124,972
Net Assets
$124,972
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NY
Principal Officer
Melissa Rahmanian
Phone
7187551280
Tax Period
2024-01-01 to 2024-12-31

Two Chairs Inc, founded in 2013, is a small nonprofit in the International Affairs sector that reported $457K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $512K exceeded revenue, resulting in a 12% operating deficit.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $393,353 Revenue: $321,302

Song of the North (theatrical play) - We have continued to tour our theatrical production, which premiered at the Brooklyn Academy of Music March 5, 2022. The 85-minute show incorporates puppets...

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Song of the North (theatrical play) - We have continued to tour our theatrical production, which premiered at the Brooklyn Academy of Music March 5, 2022. The 85-minute show incorporates puppets, shadow casters, music, and animation and is based on the 10th century epic poem Shahnameh. We produced this show with artist Hamid Rahmanian, providing support and fundraising services. We are also responsible for managing the tour and the show from the beginning of 2022 and beyond. This project was delayed until 2022 due to the COVID 19 pandemic. All touring dates have started and will continue through 2025.

Program 2
Expenses: $42,550

Prince of Sorrows Theatrical Symphonic Tale - This year we started production on a new theater piece. We are currently in production with an expected premierre in 2026.

Program 3
Expenses: $6,940 Revenue: $30,000

Book Publishing Fund - We are continuing with our publishing fund to help artists publish their own books, allowing them to maintain more control over their work. We help raise funds for the cost of...

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Book Publishing Fund - We are continuing with our publishing fund to help artists publish their own books, allowing them to maintain more control over their work. We help raise funds for the cost of the book and then retain some portion of the profits for additional reprints.

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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 $105,481
Program Service Revenue $351,302
Investment Income $0
Other Revenue $0
TOTAL REVENUE $456,783

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $442,843
Other Expenses $512,210
TOTAL EXPENSES $512,210

Year-over-Year Comparison

2024 2023 Change
Revenue $456,783 $400,676 +0.1%
Expenses $512,210 $263,725 +0.9%
Net Income $-55,427 $136,951 -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
3
Independent Members
3
Employees
N/A
Volunteers
N/A

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
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Melissa Rahmanian President 40.00
Officer Director
$0 $0 $0
Ram Devineni Director 1.00
Officer Director
$0 $0 $0
Negin Moss Director 1.00
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
2024 $456,783 $512,210 $124,972 $-55,427
2023 $400,676 $263,725 $186,394 $136,951
2022 $265,634 $328,501 $50,906 $-62,867
2022 $237,217 $301,547 $49,443 $-64,330
2021 $263,772 $241,016 $113,773 $22,756
2020 $113,814 $43,264 $91,017 $70,550
2019 $85,519 $162,322 $20,467 $-76,803
2018 $442,118 $459,923 $67,590 $-17,805
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