Nonprofit · EIN 88-2174944
54 BELOW INC
Tax-exempt · NEW YORK, NY 10019
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,597,609 | $9,442,349 | -$844,740 | $2,441,657 | $8,180,435 | -$5,738,778 |
| December 31, 2023 | 990 | $5,518,986 | $6,001,661 | -$482,675 | $3,098,861 | $7,887,522 | -$4,788,661 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,366,315
- Program service revenue
- $4,950,483
- Investment income
- $8
- Net income from fundraising events
- $13,810
- Net income from sales of inventory
- $2,265,993
- Other revenue
- $2,280,803
Expenses
- Grants and similar amounts paid
- $240
- Compensation of officers, directors and key employees
- $283,788
- Other salaries and wages
- $3,664,753
- Salaries, compensation and benefits (total)
- $4,678,861
- Professional fundraising fees
- $31,750
- Legal fees
- $18,224
- Accounting fees
- $116,190
- Occupancy
- $937,101
- Travel
- $20,187
- Depreciation
- $177,850
- Program services (functional)
- $8,250,523
- Management and general (functional)
- $971,646
- Fundraising (functional)
- $220,180
Balance sheet and other
- Total assets, start of year
- $3,098,861
- Total assets, end of year
- $2,441,657
- Total liabilities, end of year
- $8,180,435
- Net assets, end of year
- -$5,738,778
- Land, buildings and equipment
- $472,945
- Net assets without donor restrictions
- -$5,738,778
- Gross receipts
- $9,661,303
- Employees
- 117
- Volunteers
- 0
- Year formed
- 2022
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JENNIFER TEPPER | CREATIVE AND PROGRAMMING DIRECTOR Highest-paid employee | 50 | $149,890 | $8,659 |
| KATHLEEN GERMAN | DIRECTOR OF DEVELOPMENT Highest-paid employee | 50 | $149,620 | $8,659 |
| MANDISA BOXIL | GENERAL MANAGER Highest-paid employee | 50 | $146,417 | $8,659 |
| HEIDI LIBBY | TREASURER Officer | 50 | $132,510 | $0 |
| PIER LAMIA PORTER | DEPUTY PROGRAMMING DIRECTOR Highest-paid employee | 50 | $102,875 | $10,219 |
| SANDRA BOWERS | DIRECTOR OF PRIVATE EVENTS Highest-paid employee | 50 | $103,135 | $8,659 |
| RICHARD FRANKEL | MANAGING DIRECTOR Trustee or director, Officer | 40 | $100,000 | $0 |
| GEORGIA OSSOGUINE | SECRETARY Officer | 15 | $51,278 | $0 |
| STEVEN BARUCH | PRESIDENT Trustee or director, Officer | 15 | $0 | $0 |
| BRENDA BRAXTON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ROBERT L DILENSCHNEIDER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KENNETH GREINER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JAMES GUNDERSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TOM HOOD | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BRIAN KALTNER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEBORAH LANDESMAN | DIRECTOR Trustee or director | 0.5 | $0 |
| MATT MILLER | DIRECTOR Trustee or director | 0.5 | $0 |
| HOWARD LEE MORGAN | DIRECTOR Trustee or director | 0.5 | $0 |
| LEE H PERLMAN | DIRECTOR Trustee or director | 0.5 | $0 |
| SUSAN L RAANAN | DIRECTOR Trustee or director | 0.5 | $0 |
| STANLEY RICHARDS | DIRECTOR Trustee or director | 0.5 | $0 |
| LUCILLE WERLINCH | DIRECTOR Trustee or director | 0.5 | $0 |
| THOMAS VIERTEL | CHAIRMAN Officer | 15 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HEIDI LIBBY | TREASURER Officer | 20 | $82,384 |
| RICHARD FRANKEL | MANAGING DIRECTOR Trustee or director, Officer | 0.5 | $20,000 |
| STEVEN BARUCH | PRESIDENT Trustee or director, Officer | 0.5 | $9,615 |
| THOMAS VIERTEL | CHAIRMAN Trustee or director | 0.5 | $9,615 |
| MADELINE CARNEY | SECRETARY Officer | 0.5 | $0 |
| STANLEY RICHARDS | DIRECTOR Trustee or director, Officer | 0.5 | $0 |
| BRENDA BRAXTON | DIRECTOR Trustee or director | 0.5 | $0 |
| ROBERT L DILENSCHNEIDER | DIRECTOR Trustee or director | 0.5 | $0 |
| KENNETH GREINER | DIRECTOR Trustee or director | 0.5 | $0 |
| DEBORAH LANDESMAN | DIRECTOR Trustee or director | 0.5 | $0 |
| LUCILLE WERLINCH | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 254 W 54TH ST 10TH FL, NEW YORK, NY 10019-5516
- Principal officer (990 for 2024)
- RICHARD FRANKEL, 254 W 54TH ST 10TH FL, NEW YORK, NY 10019
- Signed the 990
- RICHARD FRANKEL, MANAGING DIRECTOR
- Phone
- (646) 476-3551
- Website
- WWW.54BELOW.ORG
- Return prepared by
- CITRIN COOPERMAN ADVISORS LLC
Mission
AT 54 BELOW, OUR MISSION IS TO PRESERVE AND EXPAND THE ART OF THE CABARET WHILE PROVIDING AN UNPARALLELED AUDIENCE EXPERIENCE. WE'RE COMMITTED TO GROWING OPPORTUNITIES FOR DIVERSE COMMUNITIES OF EMERGING AND ESTABLISHED ARTISTS AND TO EXPANDING THEIR AUDIENCES. WE AIM TO PRESENT WORK THAT IS VIVID, IMMEDIATE, ENLIGHTENING AND ENTERTAINING THAT REFLECTS THE WORLD AROUND US AND THE IMAGINATION OF THE ARTISTS. WE HONOR THE CABARET TRADITION AND THE MUSIC AND COMMUNITY OF BROADWAY BY PURSUING EXCELLENCE IN CONTENT, PERFORMANCE, HOSPITALITY AND CUISINE.
Program accomplishments
- THE ORGANIZATION WORKS TO FOSTER AND PROMOTE THE UNDERSTANDING AND APPRECIATION OF THE PERFORMING ARTS AND THE ART FORM OF THE AMERICAN CABARET, SPECIALIZING IN THE MUSIC, HISTORY AND PERFORMERS OF THE AMERICAN MUSICAL THEATRE AND THE GREAT AMERICAN SONGBOOK. THE ORGANIZATION OPERATES A CLASSIC CABARET THEATER THAT FEATURES PERFORMANCES OF THE ABOVE MUSIC PLUS OCCASIONALLY CLASSICAL MUSIC AND OPERA. THE ORGANIZATION ALSO SERVES AS A LABORATORY FOR THE DEVELOPMENT OF NEW MUSIC AND MUSICALS, A TRAINING GROUND FOR NASCENT ARTISTS, A HOME FOR MORE ESTABLISHED ARTISTS TO BROADEN THEIR REPERTOIRE, AND A PLACE FOR COLLECTIVE SOTRYTELLING AND GATHERING.Expenses $8,250,523 · grants $240 · revenue $7,216,476
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 88-2174944
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A61)
- Assets (IRS master file)
- $2,441,657
- Income (IRS master file)
- $9,661,303
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,597,609 | $9,442,349 | $2,441,657 | IRS |
| 990 | December 2023 | $5,518,986 | $6,001,661 | $3,098,861 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 88-2174944).
Questions about 54 BELOW INC
- What is the EIN of 54 BELOW INC?
- The employer identification number (EIN) of 54 BELOW INC is 88-2174944.
- Is 54 BELOW INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to 54 BELOW INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 54 BELOW INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of 54 BELOW INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 54 BELOW INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of 54 BELOW INC?
- The 990 for the year ended December 31, 2024 names RICHARD FRANKEL.
- Who are the officers and directors of 54 BELOW INC?
- The 990 for the year ended December 31, 2024 lists 23 people; 8 received compensation from the organization, the highest $149,890 (JENNIFER TEPPER, CREATIVE AND PROGRAMMING DIRECTOR).
- How much revenue does 54 BELOW INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $8,597,609, expenses of $9,442,349 and total assets of $2,441,657 at year end.
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