Civic Intelligence

Sokoloff Arts Foundation Inc.

990EZ • Fiscal year 2017 • EIN 82-0818825

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 13, 2017

Organization ProfileWWW.SOKOLOFFARTS.ORG
260 West 54th Street Unit 22ANew York, NY 10019

(212) 634-7690

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2017

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2017

Net Margin

97th percentile

80%

Higher net margin than 97% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

$45,398

No earlier filing loaded for comparison.

Net Assets

$45,398

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin97th percentile

Revenue

$56,800

No earlier filing loaded for comparison.

Expenses

$11,402

No earlier filing loaded for comparison.

Net Income

$45,398

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0-$500K-$1.0MAssets 2017: $45,398Net Assets 2017: $45,3982017Assets 2018: $282,878Liabilities 2018: $12,274Net Assets 2018: $270,6042018Assets 2019: $321,200Liabilities 2019: $596,983Net Assets 2019: -$275,7832019Assets 2020: $347,335Liabilities 2020: $751,883Net Assets 2020: -$404,5482020Assets 2021: $65,199Liabilities 2021: $641,681Net Assets 2021: -$576,4822021Assets 2022: $48,951Liabilities 2022: $564,900Net Assets 2022: -$515,9492022Assets 2023: $18,336Liabilities 2023: $549,900Net Assets 2023: -$531,5642023

Highlighted filing

2017

Assets$45,398
Liabilities-
Net Assets$45,398
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2017: $56,800Expenses 2017: $11,402Net Income 2017: $45,3982017Revenue 2018: $636,114Expenses 2018: $410,829Net Income 2018: $225,2852018Revenue 2019: $441,979Expenses 2019: $512,119Net Income 2019: -$70,1402019Revenue 2020: $325,948Expenses 2020: $455,113Net Income 2020: -$129,1652020Revenue 2021: $7,740Expenses 2021: $179,674Net Income 2021: -$171,9342021Revenue 2022: $326,745Expenses 2022: $266,212Net Income 2022: $60,5332022Revenue 2023: $425Expenses 2023: $16,040Net Income 2023: -$15,6152023

Highlighted filing

2017

Revenue$56,800
Expenses$11,402
Net Income$45,398
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 13, 2017
Return Version
2016v3.0
Gross Receipts
$56,800
Mission and Program Overview

Mission

Sokoloff arts (501c3) advances equity in new york city by building affordable and accessible spaces for public assembly, performance, creativity, and conversation

Sokoloff arts (501c3) is an emerging cultural institution providing inspired space, hitech production resources, and financial support for cutting edge events in all sectors of the arts, corporate, civic, and cultural life in new york city. Sokoloff arts works to provide viable and safe space to congregate, strives to promote cross-cultural community engagement, and blends the arts and business to create sustainable solutions to social and financial inequalities.

Program Services

DescriptionGrantsExpenses
TOWN STAGES FEATURES A CABARET THEATER, A MAINSTAGE, AND MULTI-USE EVENT SPACE TO HOUSE A COMBINATION OF ONGOING RENTALS, SPONSORSHIPS, AND FULLY PRODUCED WORKS FROM THE PUBLIC.-$11,091
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ROBIN SOKOLOFFChairmanPT$0--
SCOTT SOKOLOFFSecretary/TrPT$0--
LEONARD ROSENBLUMMember-$0--
ISAAC KLEINMember-$0--
YAEL SILVERMember-$0--
Filing and Contact Details

Filer

Filer Name
Sokoloff Arts Foundation Inc
EIN
82-0818825
Phone
2126347690
Address
260 WEST 54TH STREET UNIT 22A, NEW YORK, NY 10019

Signing Officer

Name
Scott Sokoloff
Title
Secretary/treasurer
Phone
2126377690
Signed
2017-10-13

Preparer

Firm
Birch Tax Service
Address
979 BAY ST, STATEN ISLAND, NY 10305
Preparer
Nick Popolo Ea
Phone
7187271040
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses advertising 261 office supplies 65 local transportation 11 bank service charges 12 charitable contributions 4,305 meals and entertainment 449 total 5,103”

Form 990-ez, Part II, Line 24

“Due from town stages 0 30,500 total 0 30,500”

Form 990-ez, Part III

“Sokoloff arts (501c3) is an emerging cultural institution providing inspired space, hitech production resources, and financial support for cutting edge events in all sectors of the arts, corporate, civic, and cultural life in new york city. Sokoloff arts works to provide viable and safe space to congregate, strives to promote cross-cultural community engagement, and blends the arts and business to create sustainable solutions to social and financial inequalities.”

Raw XML Appendix130 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0SCOTT SOKOLOFF
IRS990EZ/BooksInCareOfDetail/PhoneNum02126347690
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0260 WEST 54TH STREET UNIT 22A
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010019
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt014898
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt056800
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IRS990EZ/ExcessOrDeficitForYearAmt045398
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0299
IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/GrossReceiptsAmt056800
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitialReturnInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesEOYAmt045398
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt045398
IRS990EZ/OccupancyRentUtltsAndMaintAmt06000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt015.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt110.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt32.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt42.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ROBIN SOKOLOFF
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1SCOTT SOKOLOFF
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2LEONARD ROSENBLUM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ISAAC KLEIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4YAEL SILVER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY/TR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/EOYAmt030500
IRS990EZ/OtherExpensesTotalAmt05103
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0SOKOLOFF ARTS (501C3) IS AN EMERGING CULTURAL INSTITUTION PROVIDING INSPIRED SPACE, HITECH PRODUCTION RESOURCES, AND FINANCIAL SUPPORT FOR CUTTING EDGE EVENTS IN ALL SECTORS OF THE ARTS, CORPORATE, CIVIC, AND CULTURAL LIFE IN NEW YORK CITY. SOKOLOFF ARTS WORKS TO PROVIDE VIABLE AND SAFE SPACE TO CONGREGATE, STRIVES TO PROMOTE CROSS-CULTURAL COMMUNITY ENGAGEMENT, AND BLENDS THE ARTS AND BUSINESS TO CREATE SUSTAINABLE SOLUTIONS TO SOCIAL AND FINANCIAL INEQUALITIES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TOWN STAGES FEATURES A CABARET THEATER, A MAINSTAGE, AND MULTI-USE EVENT SPACE TO HOUSE A COMBINATION OF ONGOING RENTALS, SPONSORSHIPS, AND FULLY PRODUCED WORKS FROM THE PUBLIC.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt011091
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt011402
IRS990EZ/TotalProgramServiceExpensesAmt011091
IRS990EZ/TotalRevenueAmt056800
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.SOKOLOFFARTS.ORG
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt056800
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt056800
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt056800
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt056800
IRS990ScheduleA/Total509Grp/TotalAmt056800
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt056800
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt056800
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 261 OFFICE SUPPLIES 65 LOCAL TRANSPORTATION 11 BANK SERVICE CHARGES 12 CHARITABLE CONTRIBUTIONS 4,305 MEALS AND ENTERTAINMENT 449 TOTAL 5,103
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DUE FROM TOWN STAGES 0 30,500 TOTAL 0 30,500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SOKOLOFF ARTS (501C3) IS AN EMERGING CULTURAL INSTITUTION PROVIDING INSPIRED SPACE, HITECH PRODUCTION RESOURCES, AND FINANCIAL SUPPORT FOR CUTTING EDGE EVENTS IN ALL SECTORS OF THE ARTS, CORPORATE, CIVIC, AND CULTURAL LIFE IN NEW YORK CITY. SOKOLOFF ARTS WORKS TO PROVIDE VIABLE AND SAFE SPACE TO CONGREGATE, STRIVES TO PROMOTE CROSS-CULTURAL COMMUNITY ENGAGEMENT, AND BLENDS THE ARTS AND BUSINESS TO CREATE SUSTAINABLE SOLUTIONS TO SOCIAL AND FINANCIAL INEQUALITIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT SOKOLOFF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02126377690
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOKOLOFF ARTS FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0SOKO
ReturnHeader/Filer/EIN0820818825
ReturnHeader/Filer/PhoneNum02126347690
ReturnHeader/Filer/USAddress/AddressLine1Txt0260 WEST 54TH STREET UNIT 22A
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010019
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201289674
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BIRCH TAX SERVICE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0979 BAY ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0STATEN ISLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010305
ReturnHeader/PreparerPersonGrp/PhoneNum07187271040
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NICK POPOLO EA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-11-09T11:35:54-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$45,398
Liabilities
-
Net assets
$45,398
Revenue
$56,800
Expenses
$11,402
Net income
$45,398
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.18$5.50$5.32$0.00$0.16$0.16
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$5.65$5.16$3.27$2.66$0.61
2021Detailed filing. Detailed filing data is available for this year.$0.65$6.42$5.76$0.08$1.80$1.72
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.47$7.52$4.05$3.26$4.55$1.29
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.21$5.97$2.76$4.42$5.12$0.70
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.83$0.12$2.71$6.36$4.11$2.25
2017Detailed filing. Detailed filing data is available for this year.$0.45$0.45$0.57$0.11$0.45