Two Chairs Inc

Nonprofit profile at a glance

EIN
274115161
IRS 990 coverage
2014–2025
Forms available
Form 990 2025, Form 990-N 2012
Location
Brooklyn, NY, USA
Phone
7187551280
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
International Cultural Exchange

Official website

Reported finances

Revenue
$366,705
Expenses
$446,084
Assets
$45,593
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Melissa Rahmanian (President)

People named in this filing

  • Melissa Rahmanian (President)
  • Ram Devineni (Director)
  • Negin Moss (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization will educate the public about different cultures by presenting documentaries, doing social work, and making little known works of art available, while also helping artists fund their work as a tool to help fulfill the goal of educating the general public.

What it reported doing in 2025

Song of the North (theatrical play) - We have continued to tour our theatrical production, which premiered at the Brooklyn Academy of Music March 5, 2022. The 85-minute show incorporates puppets, shadow casters, music, and animation and is based on the 10th century epic poem Shahnameh. We produced this show with artist Hamid Rahmanian, providing support and fundraising services. We are also responsible for managing the tour and the show from the beginning of 2022 and beyond. This project was delayed until 2022 due to the COVID 19 pandemic. All touring dates have started and will continue through 2026.

Operating model

Revenue model
Donor-supported. 68% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 92
  • Accountability: 70
  • Sustainability: 24
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.8%; rating input score 94
  • Program expense ratio: 77.1%; rating input score 77
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -21.6%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 0.1; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: -10.2% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: -9.8% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -3.7% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: 93.8% of revenue deployed · 77.1% of spending went to programs
  • Governance: 3 of 3 board members independent · 2 of 7 filing controls reported
  • Programs: 5 filed program accomplishments · $344K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 18 of 18 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 11 filing years from 2014 to 2025
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Operating margin scored 11/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • High — Growth: Asset growth scored 0/100.