Spellbound Theatre Inc
Nonprofit profile at a glance
- EIN
- 471839812
- IRS 990-EZ coverage
- 2014–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Brooklyn, NY, USA
- Phone
- 3474648542
- Rating
- 43
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Performing Arts Organizations
Reported finances
- Revenue
- $130,830
- Expenses
- $117,786
- Assets
- $77,843
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- JANETTE MARTINEZ (PRESIDENT)
People named in this filing
- JANETTE MARTINEZ (PRESIDENT)
- ROBERT M THAXTON-STEVENSON (BOARD MEMBER)
- EMILY BALDWIN (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Spellbound theatre is a theatre company devoted to creating original, multi-disciplinary performance for the very young. Spellbound produces original plays for audiences ages 0-5 and conducts early childhood education programs and community events for young children.
What it reported doing in 2024
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 continue to develop programs for infants, toddlers, and care providers 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 used 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, stories, 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.
Operating model
- Revenue model
- Donor-supported. 88% of the money available for current operations came from contributions and gifts.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 92
- Sustainability: 57
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 1st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 10%; rating input score 58; 58th percentile among comparable filings
- Total-asset coverage ratio: 0.66; rating input score 46; 46th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -6.2% per year; rating input score 0; 18th percentile among comparable filings
- Revenue growth: 10.6% per year; rating input score 100; 68th percentile among comparable filings
- Asset growth: 33.1% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Sustainability: Operating margin scored 58/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 46/100.