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TARGET MARGIN THEATER INC

Brooklyn, NY · EIN 133697027 · Form 990 · FY2024 · NTEE A650 · Arts, Culture & Humanities · Medium ($1M-$10M) · targetmargin.org
revenue
$1.0M
expenses
$974K
net assets
$826K
employees
70
volunteers
10
program ratio
71%
mission · from form 990

To create radically re-imagined versions of classics and new creations inspired by existing sources.

profile · synthesized from sources

Brooklyn-based theater company creating radically re-imagined versions of classics and new works inspired by existing sources. Operates the Doxsee Theater and offers rehearsal and performance space to artists in Sunset Park. Runs artist development programs including the TMT Institute for experimental practice and a Young Artist Program in local public schools. Founded in 1996.

named programs · 4 · from sources

What they call their work

Space Rentals
Rental of theater and studio spaces (Yellow Studio, Pink Studio, Doxsee Theater) to artists and companies at subsidized rates, with discounts for nonprofits and individual artists. Includes 48-hour rush rate option for last-minute bookings.
Studio Space Program
Provides up to 100 hours of free rehearsal space to performance-based artists and companies who commit to at least 50 hours of use. Funded by NYSCA and offered on a first-come, first-served basis at 232 52nd Street.
TMT Institute
Fellowship program for artists to radically disrupt and re-examine their practice through experimentation, supported by space, resources, and a $2,000 stipend. Includes intensive sessions, monthly gatherings, and an open studio presentation. Open to artists across disciplines with an established practice.
Young Artist Program
Arts education program partnering with PS1, PS971, and the Center for Family Life to engage K-12 students in Sunset Park. Offers creative workshops led by professional teaching artists to help youth discover their artistic voice.
activities · 9 groups

What they do

  • Anti-Hate Incident Response & Support 1 activity
    • Advocates in solidarity with marginalized communities
      Expresses public solidarity with the Asian-American community in response to anti-Asian hate crimes and maintains a resource page to amplify local actions and support anti-racism efforts.
  • Community Festival & Event Production 1 activity
    • Creates community-building gatherings through COMMUNITY CAFÉS
      Hosts informal, recurring community gatherings—such as the inaugural SWANA Community Café in March 2024—to unify and celebrate diverse communities including LGBTQIA+, local artists, and theater staff, fostering joy and resilience amid societal challenges.
  • Comprehensive K–12 Arts Education 1 activity
    • Engages youth in theater through the Young Artist Program
      Operates an ongoing arts education program for children from elementary through high school in Sunset Park, developed in collaboration with community partners, to involve young people in theater and performance.
  • Curated Art Exhibitions and Public Displays 1 activity
    • Hosts annual festival of new experimental work through The Target Margin Laboratory
      Organizes a three-week annual festival featuring new performances, art, music, and discussions that explore beauty through nonsense, providing a platform for experimental and interdisciplinary artistic expression.
  • Professional Theatrical Production 1 activity
    • Produces and presents original and re-imagined theatrical works
      Creates and produces adventurous theatrical performances, including radically re-imagined versions of classic works and new original plays such as "Project 251," which reflects on contemporary societal conditions through absurdity. Presents multiple productions and one-night events annually, both in-house and through collaborations.
  • Accessibility Services for Cultural Programs 1 activity
    • Provides accessible and safe theater environment
      Ensures wheelchair-accessible theater and restroom facilities on street level and implements and communicates COVID-19 safety protocols for visitors and staff to maintain an inclusive and safe space for all audiences and performers.
  • Subsidized Rehearsal and Performance Space 1 activity
    • Provides free and subsidized rehearsal and studio space to artists
      Offers 1,000 hours of free rehearsal and studio space annually to individual artists and companies through grant-funded programs, along with reduced rates and last-minute discounted bookings to support the development of performance-based work in Brooklyn.
  • Artist Residencies and Studio Programs 1 activity
    • Runs cohort-based artist development and experimentation program
      Hosts a cohort of mid-career artists in a program designed to radically disrupt and re-examine their artistic practice, providing each fellow with space, materials, a $2,000 stipend, and opportunities for dialogue through three annual intensives and monthly breakfast meetings. Includes an annual Open Studio event for sharing explorations without formal performance requirements.
  • Experimental Circus and Immersive Theater Production 1 activity
    • Supports artist-led productions through TMT HOSTS program
      Hosts a limited number of productions annually by independent artists through the TMT HOSTS program, which supports experimental, artist-led work aligned with the organization’s avant-garde ethos.
financials · form 990 · fy2024
revenue
Total revenue$1.00M
Contributions & grants$809K81%
Program service revenue$173K17%
Investment income$18K2%
Other revenue$2K
expenses
Total expenses$974K
Program expenses71%
Admin / overhead19%
Fundraising10%
Salaries & benefits$572K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$1.11M
Cash$736K
Investments$0
Liabilities$289K
Net assets$826K
Liquid reserves9.1 mo
6 years on record · 2019–2024 · YoY revenue +13.8%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
David Herskovits Artistic Dir. 40 $89K
board members · 7
  • Adam Weinstein — Treasurer
  • Eric Sloan — Asst Secretary
  • Greig Sargeant — Director
  • Kate Levin — President
  • Melody Cooper — Director
  • Purva Bedi — Secretary
  • Raymond Lohier — Director
relationships · 23

Who they work with

  • Center for Family Life Partner — Partners with Target Margin Theater in Sunset Park to strengthen community-based social and family services.
  • DOMINIQUE BRAVO Partner — Artistic leader honored at the 2026 Burlesque Gala for contributions to Target Margin Theater.
  • Doxsee Partner — Venue hosting performances and events for The Target Margin Laboratory festival.
  • JAMES TIGGER! FERGUSON Partner — Artistic leader honored at the 2026 Burlesque Gala for contributions to Target Margin Theater.
  • Jimmy Li Partner — Asian-American community member affiliated with Target Margin Theater who has raised awareness about anti-Asian hate crimes.
  • Junior’s Partner — Hosts monthly breakfast meetings for Institute Fellows in Brooklyn.
  • Lucille Lortel Theatre Partner — Presented David Greenspan's "Four Saints in Three Acts" in collaboration with Target Margin Theater.
  • Mon Yuck Yu Partner — Asian-American community member affiliated with Target Margin Theater who has raised awareness about anti-Asian hate crimes.
  • New York State Council on the Arts Funder — Funds the Studio Space Program through a grant, enabling 1000 hours of free rehearsal space for artists.
  • PS1 Partner — Partner school in the Young Artist Program, served by TMT artists Leonie Bell and Rawya El Chab.
  • PS971 Partner — Partner school in the Young Artist Program, served by TMT artists Kate Budney and Malena Dayen.
  • Raising Health Partner — Collaborates with Target Margin Theater to support community engagement through culturally-sensitive, de-institutionalized healthcare and grassroots outreach in Sunset Park.
  • South Brooklyn Mutual Aid Partner — Partners with Target Margin Theater in mutual aid efforts, including meal delivery to families in Sunset Park and surrounding areas.
  • Sunset Park Partner — Community-based partnership focused on serving the layered communities of the neighborhood.
  • The Center for Family Life Partner — Collaborates with Target Margin Theater on the Young Artist Program in Sunset Park.
  • The Doxsee Partner — Shares space and collaborates with Target Margin Theater for performances and events.
  • The Doxsee Theater Partner — Venue partner hosting performances for The Nonsense Lab.
  • The Exponential Festival Partner — Co-presented works by Section175 Artist Collective, Banana Bag & Bodice, and others at the Doxsee Theater.
  • The New York Art Residency and Studios (NARS) Foundation Partner — Collaborates with Target Margin Theater to increase accessibility to contemporary art for underserved communities in south Brooklyn.
  • The Tank Partner — Co-presented Alaina Ferris's work "The Lydian Gale Parr" with Target Margin Theater.
  • Trey McGee Partner — Operations Manager responsible for handling studio rental inquiries
  • Women’s Empowerment Coalition Partner — Collaborated on the IFTAR Community Café event.
  • Women’s Empowerment Coalition Partner — Collaborates with Target Margin Theater on community-based initiatives focused on women's empowerment in New York City.
strategies · 3

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Artistic Engagement with Nonsense as Social Response
    methodology: nonsense_as_creative_framework
    By using nonsense, absurdity, and failure as deliberate creative frameworks, the theater transforms irrationality into poetic and beautiful work, because embracing the illogical enables deeper critique of social and political realities and fosters risk-taking in interdisciplinary art.
  • Community-Embedded Theater Practice
    methodology: community_based_theater
    By grounding theater in local relationships and collective action, particularly within immigrant and neighborhood contexts, the organization strengthens artistic relevance and social cohesion, because sustained community engagement fosters unity, cultural expression, and resilience against systemic inequities.
  • Radical Reimagining as Artistic Innovation
    methodology: radical_reimagining
    By radically reinterpreting classic and contemporary works through collage-based dramaturgy and non-product-oriented experimentation, the theater generates new theatrical forms and challenges entrenched cultural assumptions, because disruption of traditional narratives fosters artistic growth and societal reflection.