SPELLBOUND THEATRE INC

EIN: 471839812 501(c)(3) Arts, Culture & Humanities

BROOKLYN, NY

Total Revenue
$103,586
Total Expenses
$105,696
Total Assets
$68,674
Net Assets
$64,799
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NY
Phone
3474648542
Tax Period
2023-07-01 to 2024-06-30

SPELLBOUND THEATRE INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $104K in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring.

Mission

SPELLBOUND THEATRE IS A THEATRE COMPANY DEVOTED TO CREATING ORIGINAL, MULTI-DISCIPLINARY PERFORMANCE FOR THE VERY YOUNG. SPELLBOUND PRODUCES ORIGINAL PLAYS FOR AUDIANCES AGES 0-5 AND CONDUCTS EARLY CHILDHOOD EDUCATION PROGRAMS AND COMMUNITY EVENTS FOR YOUNG CHILDREN.

Program Service Accomplishments

Program 1
Expenses: $86,696 Revenue: $891

WE BELIEVE THAT YOUNG PEOPLE DESERVE SOPHISTICATED AND INNOVATIVE ART EXPERIENCES AND ARE CONSTANTLY INSPIRED BY THE COMPLEX AND IMAGINATIVE WORLD OF YOUNG CHILDREN. WE INTRODUCED A BIRTH-TO-2...

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WE BELIEVE THAT YOUNG PEOPLE DESERVE SOPHISTICATED AND INNOVATIVE ART EXPERIENCES AND ARE CONSTANTLY INSPIRED BY THE COMPLEX AND IMAGINATIVE WORLD OF YOUNG CHILDREN. WE INTRODUCED A BIRTH-TO-2 PROGRAM FOR INFANTS, TODDLERS, AND PARENTS IN ORDER TO HELP FOSTER EARLY EDUCATION IN THE ARTS. LULLABY LAND IS A DIGITAL SERIES IN WHICH EACH EPISODE IS IN A DIFFERENT LANGUAGE. SO FAR WE HAVE EXPLORED 10 LANGUAGES AND 4 INSTRUMENTS. WE RECEIVED FUNDING TO TRANSFORM THE DIGITAL SERIES INTO A FULLY STAGED PRODUCTION IN 2025. WE HAVE FREE FAMILY ART DAYS FUNDED BY INDIVIDUAL DONATIONS AND GRANTS THAT TAKE PLACE IN LIBRARIES, COMMUNITY CENTERS, AND LOCAL BUSINESSES. EACH MONTH OUR STORYTELLERS PRESENT CRAFTS, SONGS, STRORIES, AND CREATIVE PLAY AROUND A THEME. WE CONTINUE TO DEVELOP PERFORMANCES AND WORKSHOPS THAT ARE TAKEN TO LOCATIONS SUCH AS PRE-SCHOOLS AND PRIVATE PARTIES. THESE EVENTS ARE INTERACTIVE AND IMAGINATIVE, IN WHICH WE EXPLORE A STORY THROUGH MOVEMENT, SINGING, CREATIVE PLAY, AND MULTI-SENSORY PROPS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $102,695
Program Service Revenue $891
Investment Income $0
Other Revenue $0
TOTAL REVENUE $103,586

Expense Breakdown

Grants Paid $0
Salaries & Benefits $72,858
Fundraising Expenses $0
Program Expenses $86,696
Other Expenses $32,838
TOTAL EXPENSES $105,696

Year-over-Year Comparison

2023 2022 Change
Revenue $103,586 $230,442 -0.6%
Expenses $105,696 $183,619 -0.4%
Net Income $-2,110 $46,823 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
27
Volunteers
5

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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANETTE MARTINEZ PRESIDENT 5.00
Officer Director
$0 $0 $0
ROBERT M THAXTON-STEVENSON BOARD MEMBER 1.00
Officer Director
$0 $0 $0
EMILY BALDWIN SECRETARY 1.00
Officer Director
$0 $0 $0
JOLENE NOELLE TREASURER 1.00
Officer Director
$0 $0 $0
KHALIA DAVIS BOARD MEMBER 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 $103,586 $105,696 $68,674 $-2,110
2023 $230,442 $183,619 $72,784 $46,823
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