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New York BBB Wise Giving Report for
52nd Street Project

A BBB Accredited charity

 



Expiration Date:
12/2016
Name:
The 52nd Street Project
Address:
789 Tenth Ave
New York, NY 10019
Phone:
212-333-5252
Year, State Incorporated:
1989, New York
Affiliates:
None
Stated Purpose:
" The mission of The Project is to bring together kids 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 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, the Project seeks to expand the children's means of expression and to improve their literacy, life skills, and attitude towards learning. "





Evaluation Conclusions
 

              
The 52nd Street Project meets the 20 Standards for Charity Accountability.




Programs
 

              
The 52nd Street Project provides an opportunity for inner-city children to create theater with professional theater artists. The organization encourages each participant to experience both writing and performing plays, while bringing in professionals who volunteer to help the children succeed on stage. The organization's main focus and teaching style is based on individual attention. The 52nd Street Project also has an academic program which pairs children one-on-one with mentors who assist with homework and higher education planning. The Project also has replication materials which provide a manual for the creation of other theater-programs in different areas for at-risk children.



Governance
 

              
Chief Executive Officer:
Ms. Carol Ochs, Executive Director
Compensation*:
$120,264
Chair of the Board:
Ms. Cathy Dantchik
Chair's Profession / Business Affiliation:
Greythorne Associates
Co-Chair of the Board :
Mr. Louis Friedman
Chair's Profession / Business Affiliation:
Flexis Capital
Board Size:
22
Paid Staff Size:
35



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, invitations to fund raising events, grant proposals
Fund raising costs were 21.3% of related contributions. (Related contributions, which totaled $956,546, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on The 52nd Street Project's Audited Financial Statements for the fiscal year ended June 30, 2014.

Source of Funds  

Investment Income

$586,716

Fundraising Benefits

445,629

Spending Policy Distribution

371,959

Foundations Support

258,665

Individuals Support

177,843

Theatre Rental Income

142,064

Corporations Support

81,050

Government Support

73,575

Donated Services and Materials

37,941

Scholarship Income

21,699

Concessions, net of costs of goods sold

528

Less: direct costs of fundraising benefits

(118,157)

Spending Policy Distribution

(371,959)

Total Income

$1,707,553

Program Expenses  

Program Services

$1,440,287
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Expenses in Excess of Income

1,440,287
203,288
262,642

$1,906,217

$(198,664)




Uses of Funds as a % of Total Expenses


Programs: 76%  Fund Raising: 11%  Administrative 14% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $19,401,816
Ending net assets 19,203,152
Total liabilities 55,776

Total assets

$19,258,928






 

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This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.