Civic Intelligence

The 52Nd Street Project Inc

EIN 13-3467948 • 501(c)3 • new york, NY

View Organization Page

Profile

The mission of The 52nd Street Project, a community-based arts organization, is to bring together young people from Hell's Kitchen in Manhattan, starting at age ten and lasting through their teens, with theater professionals to create original theater offered free to the general public. By building on the core experience of accomplishment and collaboration, the Project fosters a sense of inclusion in a place where the children belong and where their creative work is the driving force. Through long-term mentoring relationships and exposure to diverse art forms (including Poetry, Photography, Theatrical Design, Dance, and Filmmaking), the Project seeks to expand the children's means of expression and to improve their literacy, their life skills, and their attitude towards learning.

789 10th Avenuenew york, NY 10019

www.52project.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

71st percentile

0.16x

Higher debt load relative to assets than 71% of similar nonprofits.

NTEE A • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

90th percentile

1.54x

Higher debt load relative to revenue than 90% of similar nonprofits.

NTEE A • $10M-$25M nonprofits • Source year 2025

Net Margin

8th percentile

-57%

Higher net margin than 8% of similar nonprofits.

NTEE A • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

93rd percentile

$448,647

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 24.4% of source-year revenue.

NTEE A • $10M-$25M nonprofits • Source year 2025

Asset Growth

19th percentile

-3.3%

Faster asset growth than 19% of similar nonprofits.

NTEE A • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

84th percentile

75%

Faster revenue growth than 84% of similar nonprofits.

NTEE A • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$17,755,774

Down $609,898 (-3.3%) from 2024

Liabilities

Up

$2,838,611

Up $335,818 (+13%) from 2024

Net Assets

Down

$14,917,163

Down $945,716 (-6.0%) from 2024

Operations
Liabilities / Revenue90th percentileNet Margin8th percentile

Revenue

Up

$1,841,788

Up $786,490 (+75%) from 2024

Expenses

Up

$2,882,721

Up $600,525 (+26%) from 2024

Net Income

Up

-$1,040,933

Up $185,965 (+15%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth19th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2011: $20,367,998Liabilities 2011: $311,036Net Assets 2011: $20,056,9622011Assets 2012: $19,984,735Liabilities 2012: $54,683Net Assets 2012: $19,930,0522012Assets 2013: $19,455,589Liabilities 2013: $53,773Net Assets 2013: $19,401,8162013Assets 2014: $19,258,928Liabilities 2014: $55,776Net Assets 2014: $19,203,1522014Assets 2015: $19,780,802Liabilities 2015: $124,350Net Assets 2015: $19,656,4522015Assets 2016: $19,940,177Liabilities 2016: $110,082Net Assets 2016: $19,830,0952016Assets 2017: $19,743,276Liabilities 2017: $119,178Net Assets 2017: $19,624,0982017Assets 2018: $19,275,834Liabilities 2018: $181,562Net Assets 2018: $19,094,2722018Assets 2019: $18,788,447Liabilities 2019: $160,175Net Assets 2019: $18,628,2722019Assets 2020: $18,366,047Liabilities 2020: $290,099Net Assets 2020: $18,075,9482020Assets 2021: $18,912,558Liabilities 2021: $469,483Net Assets 2021: $18,443,0752021Assets 2022: $17,109,852Liabilities 2022: $234,300Net Assets 2022: $16,875,5522022Assets 2023: $18,633,380Liabilities 2023: $2,455,024Net Assets 2023: $16,178,3562023Assets 2024: $18,365,672Liabilities 2024: $2,502,793Net Assets 2024: $15,862,8792024Assets 2025: $17,755,774Liabilities 2025: $2,838,611Net Assets 2025: $14,917,1632025

Highlighted filing

2025

Assets$17,755,774
Liabilities$2,838,611
Net Assets$14,917,163
Open 2025 Filing

Operations Trend

Revenue Growth84th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2011: $2,498,286Expenses 2011: $1,693,299Net Income 2011: $804,9872011Revenue 2012: $1,245,595Expenses 2012: $1,738,351Net Income 2012: -$492,7562012Revenue 2013: $1,214,335Expenses 2013: $1,773,262Net Income 2013: -$558,9272013Revenue 2014: $1,511,738Expenses 2014: $1,870,841Net Income 2014: -$359,1032014Revenue 2015: $2,681,753Expenses 2015: $1,984,182Net Income 2015: $697,5712015Revenue 2016: $1,990,906Expenses 2016: $1,969,447Net Income 2016: $21,4592016Revenue 2017: $1,797,683Expenses 2017: $2,060,817Net Income 2017: -$263,1342017Revenue 2018: $1,702,249Expenses 2018: $2,216,746Net Income 2018: -$514,4972018Revenue 2019: $1,655,401Expenses 2019: $2,281,980Net Income 2019: -$626,5792019Revenue 2020: $1,522,217Expenses 2020: $2,253,846Net Income 2020: -$731,6292020Revenue 2021: $2,422,608Expenses 2021: $1,776,925Net Income 2021: $645,6832021Revenue 2022: $1,663,574Expenses 2022: $2,043,632Net Income 2022: -$380,0582022Revenue 2023: $1,185,880Expenses 2023: $2,189,276Net Income 2023: -$1,003,3962023Revenue 2024: $1,055,298Expenses 2024: $2,282,196Net Income 2024: -$1,226,8982024Revenue 2025: $1,841,788Expenses 2025: $2,882,721Net Income 2025: -$1,040,9332025

Highlighted filing

2025

Revenue$1,841,788
Expenses$2,882,721
Net Income-$1,040,933
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,755,774
Liabilities
$2,838,611
Net assets
$14,917,163
Revenue
$1,841,788
Expenses
$2,882,721
Net income
-$1,040,933
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$17.8$2.84$14.9$1.84$2.88$1.04
2024Detailed filing. Detailed filing data is available for this year.$18.4$2.50$15.9$1.06$2.28$1.23
2023Detailed filing. Detailed filing data is available for this year.$18.6$2.46$16.2$1.19$2.19$1.00
2022Detailed filing. Detailed filing data is available for this year.$17.1$0.23$16.9$1.66$2.04$0.38
2021Detailed filing. Detailed filing data is available for this year.$18.9$0.47$18.4$2.42$1.78$0.65
2020Detailed filing. Detailed filing data is available for this year.$18.4$0.29$18.1$1.52$2.25$0.73
2019Detailed filing. Detailed filing data is available for this year.$18.8$0.16$18.6$1.66$2.28$0.63
2018Detailed filing. Detailed filing data is available for this year.$19.3$0.18$19.1$1.70$2.22$0.51
2017Detailed filing. Detailed filing data is available for this year.$19.7$0.12$19.6$1.80$2.06$0.26
2016Detailed filing. Detailed filing data is available for this year.$19.9$0.11$19.8$1.99$1.97$0.02
2015Detailed filing. Detailed filing data is available for this year.$19.8$0.12$19.7$2.68$1.98$0.70
2014Detailed filing. Detailed filing data is available for this year.$19.3$0.06$19.2$1.51$1.87$0.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.5$0.05$19.4$1.21$1.77$0.56
2012Summary only. Only limited summary data is available for this year.$20.0$0.05$19.9$1.25$1.74$0.49
2011Summary only. Only limited summary data is available for this year.$20.4$0.31$20.1$2.50$1.69$0.80
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 6, 2026
Return Version
2024v5.2
Gross Receipts
$4,585,432
Mission and Program Overview

Mission

The mission of The 52nd Street Project, a community-based arts organization, is to bring together young people from Hell's Kitchen in Manhattan, starting at age ten and lasting through their teens, with theater professionals to create original theater offered free to the general public. By building on the core experience of accomplishment and collaboration, the Project fosters a sense of inclusion in a place where the children belong and where their creative work is the driving force. Through long-term mentoring relationships and exposure to diverse art forms (including Poetry, Photography, Theatrical Design, Dance, and Filmmaking), the Project seeks to expand the children's means of expression and to improve their literacy, their life skills, and their attitude towards learning.

To bring together kids from hell's kitchen with theater professionals to create original theater.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,186,897$8,763,632▼ $423,265
Investments in Publicly Traded Securities$6,084,613$6,298,381▲ $213,768
Pledges and Grants Receivable$42,475$194,271▲ $151,796
Savings and Temporary Cash Investments$582,985$171,292▼ $411,693
Cash and Non-Interest-Bearing Accounts$185,657$102,488▼ $83,169
Prepaid Expenses and Deferred Charges$23,465$28,337▲ $4,872
Accounts Receivable$78,005$21,500▼ $56,505
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$18,365,672$17,755,774▼ $609,898
Other Assets Total$2,181,575$2,175,873▼ $5,702
Liabilities
Other Liabilities$2,181,575$2,584,001▲ $402,426
Unsecured Notes Loans Payable$150,000$149,974▼ $26
Accounts Payable and Accrued Expenses$146,218$94,016▼ $52,202
Deferred Revenue$25,000$10,620▼ $14,380
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,502,793$2,838,611▲ $335,818
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,245,143$14,236,338▼ $1,008,805
Net Assets With Donor Restrictions$617,736$680,825▲ $63,089
Total Net Assets Fund Balance$15,862,879$14,917,163▼ $945,716
Total Liabilities and Net Assets / Fund Balance$18,365,672$17,755,774▼ $609,898

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$8,638,538$5,660,718$14,299,256
Equipment$123,009$706,140$829,149
Other Land Buildings$2,085$323,980$326,065
Other Assets Org$2,175,873--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$397,736-▲ $31,369$31,369$397,736
2023$397,736-▲ $27,631$27,631$397,736
2022$397,736-▲ $14,983$14,983$397,736
2021$397,736-▲ $65,092$65,092$397,736
2020$397,736-▲ $41,772$41,772$397,736
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carol OchsExecutive DirectorFT$134,179$314,468$448,647
John SheehyDirector of DevelopmentFT$102,242$116,303$218,545
Natalie HirschArtistic DirectorFT$114,286$8,259$122,545

Board Members and Trustees

NameTitle
Valerie KayAudit Committee Chair
Stephen GrahamChairperson Emeritus
Cathy DantchikCo-chair
Louis P FriedmanCo-chair
Alexandra VassilarosBoard Member
Annie HausmannBoard Member
Billy CrudupBoard Member
Carolyn C DesenaBoard Member
Jose Soto JrBoard Member
Korey JacksonBoard Member
Lisa BenavidesBoard Member
Margaret OdetteBoard Member
Micah KroezeBoard Member
Rachel ChanoffBoard Member
Robert GoldbergBoard Member
Shirley RumierkBoard Member
Wendy Vanden HeuvelBoard Member
Willie RealeBoard Member
Noel MihalowSecretary
Mark WhatleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,191,408
Program Service Revenue
$211,340
Investment Income
$430,058
Other Revenue
$8,982
All Other Contributions
$810,627
Change in Net Assets
$-1,040,933

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,800,442
Revenue Not Reported on Financial Statements
$41,346
Revenue Not Reported on Form 990
$95,217
Total Revenue per Audited Statements
$1,895,659
Total Revenue per Form 990
$1,841,788
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,718,168
Other Expenses$1,139,053
Total Fundraising Expense$277,975
Grants and Similar Amounts Paid$25,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$489,668$175,620$136,242$801,530
Other Salaries and Wages$643,483$38,806$73,159$755,448
Depreciation Depletion$380,938$21,163$21,163$423,264
Occupancy$165,282$9,182$9,182$183,646
Payroll Taxes$94,571$7,961$10,124$112,656
Fees for Services Other$67,868$39,764$2,528$110,160
Fees for Services Accounting$64,287$37,665$2,394$104,346
Insurance$79,832$4,435$4,435$88,702
Other Employee Benefits$39,504$3,806$5,224$48,534
Fees for Service Investment Mgmnt Fees-$41,346-$41,346
Other Expenses$15,430$17,030$4,569$37,029
Office Expenses$25,120$6,474$1,316$32,910
Grants to Domestic Individuals$25,500--$25,500
Advertising$933$6,191$3,639$10,763
Interest-$3,849-$3,849
Total Functional Expenses$2,186,915$417,831$277,975$2,882,721

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,882,721
Expenses per Audited Statements$2,841,375
Total Expenses per Audited Statements$2,841,375
Expenses Not Reported on Financial Statements$41,346
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$102,815
Fundraising Gross Income$102,815
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$322,571$102,815-$102,815
Total Events$322,571$102,815$102,815-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$2,175,873
Deferred Compensation Payable$408,128
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11:

“Draft of form 990 is provided to the board members and key employees for review and approval. Board members and key employees are requested to complete an annual form 990 disclosure form.”

FORM 990, PART VI, SECTION B, LINE 12C:

“All board members and key employees are requested to submit an annual conflict of interest certification.”

FORM 990, PART VI, SECTION B, LINE 15:

“Key Employees compensation is discussed with the board executive committee who are given comparability data including the averages, trends and figures of compensation for similar sized organizations.”

FORM 990, PART VI, SECTION C, LINE 19:

“Form 990 is available online at www.guidestar.org and on the New York state charities bureau website. All documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
The 52nd Street Project Inc
EIN
13-3467948
In Care Of
% CAROL OCHS
Phone
2123335252
Address
789 10th Avenue, new york, NY 10019

Signing Officer

Name
Carol Ochs
Title
Executive Director
Phone
2123335252
Signed
2026-03-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Ochs
Formed
1981
Legal Domicile
Ny
Voting Board Members
22
Independent Board Members
20
Employees
54
Volunteers
22

Preparer

Firm
Withumsmithbrown Pc
Address
1411 BROADWAY 9TH FLOOR, NEW YORK, NY 10018
Preparer
Catherine Bendall CPA
Phone
2127519100
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“There is an audit committee that oversees the selection of the audit firm and the oversight of the audit process.”

Financial Statement Notes

PART X, LINE 2:

“The organization believes it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions.”

Raw XML AppendixShowing 400 of 743 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0The Project produced 17 performances in our theater across 9 productions; engaging 115 young people, aged 9 to 18, in our innovative writing and performance programs. Additionally, 180 arts and education professionals volunteered their time and talents to support our young people by volunteering as actors, writers, directors, technical designers, tutors, and mentors. 1,860 audience members attended our performances in person at our Five Angels Theatre. 29 Project Member alumni were enrolled in postsecondary education and received scholarships from our Ron Black Memorial Scholarship Fund. In spring 2025, we conducted the first round of our Creative Group Therapy program with seven 5th and 6th grade girls, led by Liz Bell, our Clinical Consultant and a L.C.S.W. This program was a six-session group therapy program that focused on how to approach stress, anxiety, and emotions. In addition to group discussions, this program applied improvisation, theatre games, mindfulness, and meditation as tools for building self-awareness and the ability to regulate in the face of anxiety. In FY25, we ran our Playmaking at P.S.111 program in the Fall and Spring and engaged a total of 51 4th graders. The Project began this partnership in January 2023, in response to an influx of students in the school from migrant families that were sent to our city (and our neighborhood) by outside states. The success of this program has strengthened our relationship with P.S. 111 and allows us to make connections with young people who we think could benefit from our programs. In the Spring session, we engaged a group of 4th graders that spoke many different languages. Staff who ran this program did their best to create a meaningful experience for each young person - and during the public sharing of the 4th grader's monologues, we were proud to have a cast of actors that performed in English, Spanish, French, and Arabic.
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IRS990/MissionDesc0The mission of The 52nd Street Project, a community-based arts organization, is to bring together young people from Hell's Kitchen in Manhattan, starting at age ten and lasting through their teens, with theater professionals to create original theater offered free to the general public. By building on the core experience of accomplishment and collaboration, the Project fosters a sense of inclusion in a place where the children belong and where their creative work is the driving force. Through long-term mentoring relationships and exposure to diverse art forms (including Poetry, Photography, Theatrical Design, Dance, and Filmmaking), the Project seeks to expand the children's means of expression and to improve their literacy, their life skills, and their attitude towards learning.
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