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54 BELOW INC

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Public IRS 990 nonprofit record

54 BELOW INC

EIN 88-2174944 · Performing Arts Centers (A61)

What they do

AT 54 BELOW, OUR MISSION is to PRESERVE and EXPAND THE ART of THE CABARET WHILE PROVIDING AN UNPARALLELED AUDIENCE EXPERIENCE. WERE 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.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $87.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders23 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

95.96%of revenue went to mission work87.4% of expenses · Program services
2.56%of revenue went to fundraising2.3% of expenses
$109.83spent for every $100 of revenueSpending was higher than revenue this year.
11.30%of revenue went to management and office costs10.3% of expenses
$0.26in assets for every $1 spent this yearSome assets cannot be spent right away.
15.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $844,740 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $158,549 for JENNIFER TEPPER (CREATIVE AND PROGRAMMING DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$8,597,609
Mission workProgram services$8,250,52395.96% of revenue87.4% of expenses
ManagementOffice and general costs$971,64611.30% of revenue10.3% of expenses
FundraisingAsking for donations$220,1802.56% of revenue2.3% of expenses
Total expenses$9,442,349109.83% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 87.4% mission · 10.3% management · 2.3% fundraisingTotal expenses: 109.83% of revenue
2023Expense mix: 85.9% mission · 10.2% management · 3.9% fundraisingTotal expenses: 108.75% of revenue

Money in and money out

Revenue$8,597,609
Expenses$9,442,349
Annual shortfall $844,740 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$8,250,523 · 87.4% of expenses
Management and office costs$971,646 · 10.3% of expenses
Fundraising$220,180 · 2.3% of expenses
See all reported dollar amounts
Revenue$8,597,609
Expenses$9,442,349
Assets$2,441,657
Income$9,661,303
Contributions$1,366,315
Mission work (program services)$8,250,523
Fundraising$220,180
Management and general$971,646
Accounting fees$116,190
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
JENNIFER TEPPERCREATIVE AND PROGRAMMING DIRECTOR · 50 hrs/week $158,549Base $149,890 · Other $8,659
KATHLEEN GERMANDIRECTOR OF DEVELOPMENT · 50 hrs/week $158,279Base $149,620 · Other $8,659
MANDISA BOXILGENERAL MANAGER · 50 hrs/week $155,076Base $146,417 · Other $8,659
HEIDI LIBBYTREASURER · 50 hrs/week $132,510
PIER LAMIA PORTERDEPUTY PROGRAMMING DIRECTOR · 50 hrs/week $113,094Base $102,875 · Other $10,219
SANDRA BOWERSDIRECTOR OF PRIVATE EVENTS · 50 hrs/week $111,794Base $103,135 · Other $8,659
RICHARD FRANKELMANAGING DIRECTOR · 40 hrs/week $100,000
GEORGIA OSSOGUINESECRETARY · 15 hrs/week $51,278

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (23)

JENNIFER TEPPERCREATIVE AND PROGRAMMING DIRECTOR

KATHLEEN GERMANDIRECTOR OF DEVELOPMENT

MANDISA BOXILGENERAL MANAGER

HEIDI LIBBYTREASURER

PIER LAMIA PORTERDEPUTY PROGRAMMING DIRECTOR

SANDRA BOWERSDIRECTOR OF PRIVATE EVENTS

RICHARD FRANKELMANAGING DIRECTOR

GEORGIA OSSOGUINESECRETARY

LUCILLE WERLINCHDIRECTOR

TOM HOODDIRECTOR

THOMAS VIERTELCHAIRMAN

SUSAN L RAANANDIRECTOR

STEVEN BARUCHPRESIDENT

STANLEY RICHARDSDIRECTOR

ROBERT L DILENSCHNEIDERDIRECTOR

MATT MILLERDIRECTOR

BRENDA BRAXTONDIRECTOR

LEE H PERLMANDIRECTOR

KENNETH GREINERDIRECTOR

JAMES GUNDERSONDIRECTOR

HOWARD LEE MORGANDIRECTOR

DEBORAH LANDESMANDIRECTOR

BRIAN KALTNERDIRECTOR

About this charity

Recognized since
January 2022
Location
254 W 54TH ST 10TH FL, NEW YORK, NY 10019-5516
County
New York
In care of
RICHARD FRANKEL
Primary officer
RICHARD FRANKEL, MANAGING DIRECTOR

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
CITRIN COOPERMAN ADVISORS LLC
NTEE classification
Performing Arts Centers (A61)
IRS tax category
Performing Arts Centers

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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