SOCRATES SCULPTURE PARK INC Charity Report

Public IRS 990 nonprofit record

SOCRATES SCULPTURE PARK INC

EIN 11-3066597 · Community Improvement & Capacity Building (S41Z)

What they do

SOCRATES is THE ONLY SITE IN THE NEW YORK METROPOLITAN AREA SPECIFICALLY DEDICATED to PROVIDING ARTISTS WITH OPPORTUNITIES to CREATE and EXHIBIT LARGE-SCALE SCULPTURE and MULTI-MEDIA INSTALLATIONS IN A UNIQUE OUTDOOR ENVIRONMENT THAT INVITES INTERACTION BETWEEN ARTISTS, ARTWORKS and THE PUBLIC. THE PARKS EXISTENCE is BASED ON THE BELIEF THAT RECLAMATION, REVITALIZATION and CREATIVE EXPRESSION ARE ESSENTIAL to THE SURVIVAL, HUMANITY and IMPROVEMENT of OUR URBAN ENVIRONMENT.OPEN FREE of CHARGE, EVERY DAY of THE YEAR, SOCRATES is AN EXEMPLARY MODEL of URBAN RENEWAL THAT SERVES AS AN INTERNATIONALLY ACCLAIMED CULTURAL VENUE, AS WELL AS A SOURCE of LOCAL COMMUNITY PRIDE. IN ADDITION to VISUAL ARTS PROGRAMMING, SOCRATES PRESENTS FREE ART MAKING WORKSHOPS for CHILDREN; FITNESS CLASSES; and NUMEROUS MULTICULTURAL MUSIC, DANCE, and THEATRICAL PRESENTATIONS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $71.80 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 leaders13 people are listed in the latest report.

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

Money made simple

122.62%of revenue went to mission work71.8% of expenses · Program services

23.63%of revenue went to fundraising13.8% of expenses

$170.80spent for every $100 of revenueSpending was higher than revenue this year.

24.55%of revenue went to management and office costs14.4% of expenses

$0.66in assets for every $1 spent this yearSome assets cannot be spent right away.

95.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

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

Worth asking: Expenses exceeded revenue by $1,135,625 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $215,628 for KATHERINE DIXON (EXECUTIVE 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.

$100revenue

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$1,603,885

Mission workProgram services$1,966,707122.62% of revenue71.8% of expenses

ManagementOffice and general costs$393,82924.55% of revenue14.4% of expenses

FundraisingAsking for donations$378,97423.63% of revenue13.8% of expenses

Total expenses$2,739,510170.80% 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: 71.8% mission · 14.4% management · 13.8% fundraisingTotal expenses: 170.80% of revenue

2023Expense mix: 69.0% mission · 16.5% management · 14.4% fundraisingTotal expenses: 118.37% of revenue

2022Expense mix: 74.3% mission · 16.5% management · 9.2% fundraisingTotal expenses: 135.39% of revenue

2021Expense mix: 83.5% mission · 9.9% management · 6.6% fundraisingTotal expenses: 103.59% of revenue

2020Expense mix: 71.0% mission · 17.3% management · 11.7% fundraisingTotal expenses: 130.25% of revenue

2019Expense mix: 72.5% mission · 16.2% management · 11.3% fundraisingTotal expenses: 105.21% of revenue

2018Expense mix: 69.5% mission · 15.2% management · 15.4% fundraisingTotal expenses: 52.07% of revenue

2017Expense mix: 70.1% mission · 17.0% management · 12.9% fundraisingTotal expenses: 70.89% of revenue

Money in and money out

Revenue$1,603,885

Expenses$2,739,510

Annual shortfall $1,135,625 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)$1,966,707 · 71.8% of expenses

Management and office costs$393,829 · 14.4% of expenses

Fundraising$378,974 · 13.8% of expenses

See all reported dollar amounts

Revenue$1,603,885

Expenses$2,739,510

Assets$1,802,868

Income$4,099,718

Contributions$1,533,371

Mission work (program services)$1,966,707

Fundraising$378,974

Grants given$7,500

Average grant$7,500

Management and general$393,829

Stocks and bonds$622,799

Accounting fees$114,603

Investing fees$653

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

KATHERINE DIXONEXECUTIVE DIRECTOR · 40 hrs/week $215,628Base $175,000 · Other $40,628

SHAUN LEONARDOCO-EXECUTIVE DIRECTOR · 32 hrs/week $20,000

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 (13)

KATHERINE DIXONEXECUTIVE DIRECTOR

SHAUN LEONARDOCO-EXECUTIVE DIRECTOR

ALISON SAARDIRECTOR

AMY HAUDIRECTOR

DEIDREA MILLERDIRECTOR

IVANA MESTROVICPRESIDENT/TREASURER

KIMBERLY STRONGDIRECTOR

MALAIKA LANGADIRECTOR

MICHELLE COFFEYDIRECTOR

NAT OPPENHEIMERDIRECTOR

PATTON HINDLEDIRECTOR

STUART MATCH SUNADIRECTOR

SUZY DELVALLEDIRECTOR

About this charity

Recognized since: January 1992
Location: 3201 VERNON BLVD, LONG IS CITY, NY 11106-4925
County: Queens
In care of: KATIE DIXON
Primary officer: KATIE DIXON, CO-DIRECTOR

How to reach them

WebsiteVisit the charity’s website Phone(718) 956-1819

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: LUTZ AND CARR CPAS LLP
NTEE classification: Community Improvement & Capacity Building (S41Z)
Grant-giving organization: Yes