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Nonprofiteer
← OPENING ACT INC

Form 990 for tax year 2024

Filed by OPENING ACT INC.

Totals

Total revenue
$885,497
Total expenses
$1,130,926
Contributions and grants received
$785,154
Grants paid
$17,877
Program service revenue
$94,805
Investment income
$1,792
Other revenue
$3,746
Total assets, end of year
$209,574
Total liabilities, end of year
$143,583
Net assets or fund balances, end of year
$65,991
Program services expenses (Part IX)
$751,345
Management and general expenses
$232,593
Fundraising expenses
$146,988
Program service expenses (Part III)
$751,345

Program services were 66.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $164,589

  • 1e · Government grants (contributions)

    $160,080

  • 1f · All other contributions, gifts and grants

    $460,485

  • 2a · Program service revenue: WORKSHOP AND SPEAKING INCOME

    total $94,805 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $867 · unrelated business $0 · excluded $867

  • 7a · Gross sales of assets other than inventory

    securities $90,491

  • 7b · Less cost or other basis and sales expenses

    securities $89,566

  • 7c · Gain or loss

    securities $925

  • 7d · Net gain or loss

    total $925 · related or exempt $0 · unrelated business $0 · excluded $925

  • 8a · Fundraising events: gross income

    $19,950

  • 8a · Fundraising events: contributions included on line 1c

    $164,589

  • 8b · Fundraising events: direct expenses

    $20,812

  • 8c · Net income from fundraising events

    total -$862 · unrelated business $0 · excluded -$862

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $4,608 · related or exempt $4,608 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $4,608

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $17,877 · program services $17,877

  • 5 · Compensation of officers, directors and key employees

    total $139,157 · program services $46,386 · management and general $46,386 · fundraising $46,385

  • 7 · Other salaries and wages

    total $618,799 · program services $523,399 · management and general $52,058 · fundraising $43,342

  • 9 · Other employee benefits

    total $59,161 · program services $44,767 · management and general $7,485 · fundraising $6,909

  • 10 · Payroll taxes

    total $106,739 · program services $80,055 · management and general $13,875 · fundraising $12,809

  • 11c · Fees: accounting

    total $83,238 · program services $0 · management and general $83,238 · fundraising $0

  • 11g · Fees: other

    total $20,315 · program services $6,065 · management and general $0 · fundraising $14,250

  • 12 · Advertising and promotion

    total $500 · program services $500 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $14,245 · program services $0 · management and general $14,245 · fundraising $0

  • 16 · Occupancy

    total $12,730 · program services $9,547 · management and general $1,655 · fundraising $1,528

  • 17 · Travel

    total $2,677 · program services $2,130 · management and general $285 · fundraising $262

  • 22 · Depreciation, depletion and amortization

    total $2,752 · program services $0 · management and general $2,752 · fundraising $0

  • 23 · Insurance

    total $2,403 · program services $0 · management and general $996 · fundraising $1,407

  • 24a · Other expenses: Venue rentals

    total $21,962 · program services $9,917 · management and general $0 · fundraising $12,045

  • 24b · Other expenses: Credit Card Fees and Bank Charges

    total $7,102 · program services $0 · management and general $1,268 · fundraising $5,834

  • 24c · Other expenses: Refreshments and Meals

    total $3,300 · program services $3,300 · management and general $0 · fundraising $0

  • 24d · Other expenses: Miscellaneous

    total $8,960 · program services $0 · management and general $7,710 · fundraising $1,250

  • 24e · All other expenses

    total $9,009 · program services $7,402 · management and general $640 · fundraising $967

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $97,325 · end of year $139,037

  • 2 · Savings and temporary cash investments

    beginning of year $52,078 · end of year $9,437

  • 3 · Pledges and grants receivable

    beginning of year $209,121 · end of year $17,715

  • 4 · Accounts receivable

    beginning of year $6,846 · end of year $27,890

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,485 · end of year $3,650

  • 10a · Land, buildings and equipment: cost or other basis

    $31,423

  • 10b · Land, buildings and equipment: accumulated depreciation

    $19,952

  • 10c · Land, buildings and equipment, net

    beginning of year $7,142 · end of year $11,471

  • 11 · Investments: publicly traded securities

    beginning of year $89,566

  • 15 · Other assets

    end of year $374

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,479 · end of year $58,583

  • 24 · Unsecured notes and loans payable

    beginning of year $50,000 · end of year $85,000

  • 27 · Net assets without donor restrictions

    beginning of year $174,268 · end of year $65,991

  • 28 · Net assets with donor restrictions

    beginning of year $208,816

Mission and programs · 2024

Mission

Opening Acts theater programs provide students attending New York Citys most under-served public schools the opportunity to gain confidence, pride and the knowledge that they can succeed at anything in life. We strive to offer an exceptional and consistent theater program to any New York City school that needs one.

Activities or mission (Part I)

Opening Acts theater programs provide students attending New York Citys most under-served public schools the opportunity to gain confidence, pride, and the knowledge that they can succeed at anything in life.

  • See Schedule O.

    Expenses $751,345 · Grants $17,877 · Revenue $94,805

As filed on the 2024 return.

Listed in Part VII

  • Deborah Steinglass

    Interim Executive Director (9/14/2023 to 10/2024)

    Total calculated
    $111,515
    From this org
    $110,795
    From related orgs
    $0
    Other
    $720
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $110,795
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $720
    Filer's total
    $111,515
  • Alexander Santiago-Jirau

    Executive Director (Through January 2026 )

    Total calculated
    $31,474
    From this org
    $28,706
    From related orgs
    $0
    Other
    $2,768
    Hours/week
    40
  • Jamie Trowbridge

    Chair

    Total calculated
    $0
    Hours/week
    5
  • Iliana Guibert

    Vice Chair

    Total calculated
    $0
    Hours/week
    5
  • Pam Hacker

    Vice Chair

    Total calculated
    $0
    Hours/week
    5
  • Chris Wilkens

    Treasurer

    Total calculated
    $0
    Hours/week
    3
  • Ashia Johnson

    Secretary

    Total calculated
    $0
    Hours/week
    2
  • Brittany Adebumola

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Gregg Arst

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Kym Blanchard

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Carolyn Cantor

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Leah Day VanHorn

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Michael Fleming

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Drew Garrison

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Ali Kamin

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Nicole Kwan

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Annie Parisse

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Anastasia Pronin

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Jonathan Schorr

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Ira Schreck

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Chen Shao

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Paul Cellupica

    Board Member until October 2024

    Total calculated
    $0
    Hours/week
    2
  • Rahul Trippathi

    Board Member until December 2024

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
13 April 2026
IRS schema version
2024v5.2
Source object
202601039349300735

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