CO LAB THEATER GROUP INC

EIN: 800742652 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$788,009
Total Expenses
$759,082
Total Assets
$283,125
Net Assets
$257,245
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
NY
Principal Officer
David Shane
Phone
3479894338
Tax Period
2024-07-01 to 2025-06-30

CO LAB THEATER GROUP INC, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $788K in total revenue in fiscal year 2024. Revenue surged 113% from the prior year, signaling strong growth momentum. Expenses of $759K left a modest 4% surplus.

Mission

CO/LAB Theater Group Inc, is an IRS 510(c)(3) nonprofit organization, incorporated pursuant to New York State law, which is dedicated to offering Creative Opportunities without Limits And Boundaries. The organization exists to offer individuals with intellectual and developmental disabilities (I/DD) a creative and social outlet through theater arts. CO_LAB creates a safe, judgment-free, and neuro-diverse environment where participants express themselves in class and on stage, and also serve as leaders in our organization and in the NYC theatre community. Our programs encourage actors to both collaborate as an ensemble and discover their individual voices. CO_LAB's programming is offered free or low-cost to participants, and serves individuals of all ages who identify as having any developmental disability, including, but not limited to autism, Down Syndrome, Cerebral Palsy, and PDD-NOS.

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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 $699,318
Program Service Revenue $68,955
Investment Income $782
Other Revenue $18,954
TOTAL REVENUE $788,009

Expense Breakdown

Grants Paid $0
Salaries & Benefits $588,219
Fundraising Expenses $50,110
Program Expenses $475,314
Other Expenses $170,863
TOTAL EXPENSES $759,082

Year-over-Year Comparison

2024 2023 Change
Revenue $788,009 $369,803 +1.1%
Expenses $759,082 $836,215 -0.1%
Net Income $28,927 $-466,412 -1.1%
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
9
Independent Members
9
Employees
40
Volunteers
67

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
2
$0
Total Directors
9
$0
Key Employees
1
$18,439
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Shane Executive Director 40
Key Emp
$17,661 $778 $18,439
Keith Zar President 5
Officer Director
$0 $0 $0
Lloyd Newell Treasurer 5
Officer Director
$0 $0 $0
Rachael Okun Director 1
Director
$0 $0 $0
Kyle Wright Director 1
Director
$0 $0 $0
Katie Sweeney Director 1
Director
$0 $0 $0
Daniel Soleimani Director 1
Director
$0 $0 $0
Christopher Tusciuk Director 1
Director
$0 $0 $0
Kevin Bradley Director 1
Director
$0 $0 $0
Jennifer O'Neill Director 1
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 $788,009 $759,082 $283,125 $28,927
2024 $369,803 $836,215 $280,111 $-466,412
2023 $876,860 $805,088 $724,695 $71,772
2022 $719,445 $666,013 $643,285 $53,432
2021 $571,459 $454,203 $587,217 $117,256
2020 $402,066 $383,912 $521,916 $18,154
2019 $407,097 $307,732 $458,249 $99,365
2018 $362,118 $234,759 $351,907 $127,359
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