Overview
What is Queen Sofia Spanish Institute Inc?
The Queen Sofia Spanish Institute Inc is a nonprofit organization, founded by private American citizens, with the primary objective of promoting understanding and appreciation for Spanish culture, art, customs, language, literature, and history in the United States. Their mission involves stimulating interest in these aspects of Spain and its heritage. The institute carries out its activities to achieve this goal, providing a platform for the American public to engage with the rich cultural heritage of Spain.
Official website here: www.queensofiaspanishinstitute.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
Queen Sofia Spanish Institute Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a commitment to accountability and financial health. The score is based entirely on their strong performance in the Accountability & Finance category, demonstrating a solid foundation in managing their resources responsibly.
The organization showcases a well-structured governance framework, with 93% of its board members being independent. This strong independence contributes to effective oversight and strategic decision-making. Additionally, their financial statements are rigorously audited, featuring a low liabilities-to-assets ratio of only 0.06%, which signifies a stable financial position.
Moreover, the Institute excels in transparency and ethical standards, having policies in place for conflict of interest, whistleblower protection, and document retention. With a high program expense ratio of 74.13%, the majority of their spending is directed towards fulfilling their mission, though the lack of other beacon scores could suggest limited visibility into other operational aspects. Overall, the Queen Sofia Spanish Institute Inc demonstrates a high level of integrity and effectiveness in its financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Queen Sofia Spanish Institute Inc legitimate?
Queen Sofia Spanish Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Queen Sofia Spanish Institute Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $181,712
Professional Fundraising Fees: $0
Other Salaries and Wages: $254,527
For more financial information, click here
Official website here: www.queensofiaspanishinstitute.org
What is the mission statement of Queen Sofia Spanish Institute Inc?
The Queen Sofia Spanish Institute Inc, established by private American citizens, serves to foster curiosity and appreciation for Spain's culture, art, customs, literature, language, and history within the United States. The organization's mission is to stimulate interest in these elements of Spanish heritage, aiming to promote a deeper understanding and connection between the two nations. The Institute accomplishes this through various means, encouraging exploration and engagement with Spain's rich cultural tapestry.
Official website here: www.queensofiaspanishinstitute.org
Who is the CEO of Queen Sofia Spanish Institute Inc?
Joan Trant is the President & Ceo of Queen Sofia Spanish Institute Inc. The CEO's salary of Queen Sofia Spanish Institute Inc is $0 and their total compensation is $0.
Official website here: www.queensofiaspanishinstitute.org
What is the revenue of Queen Sofia Spanish Institute Inc?
Queen Sofia Spanish Institute Inc's revenue in 2022 was $1,136,483.
Official website here: www.queensofiaspanishinstitute.org
Who are the executives of Queen Sofia Spanish Institute Inc and what are their salaries?
The average compensation at Queen Sofia Spanish Institute Inc during 2022 was $72,706. There are 6 employees and 5 volunteers at Queen Sofia Spanish Institute Inc.
Here are 16 key members and their salaries (Queen Sofia Spanish Institute Inc's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $179,231
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- Other: $2,481
- Compensation: $118,000
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- Other: $8,964
Official website here: www.queensofiaspanishinstitute.org
Where can I find the form 990 for Queen Sofia Spanish Institute Inc?
Queen Sofia Spanish Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.queensofiaspanishinstitute.org
Learn more at the official website: www.queensofiaspanishinstitute.org
Mission Statement of Queen Sofia Spanish Institute Inc
The Queen Sofia Spanish Institute Inc is a non-profit organization, founded by private American citizens, with a mission to foster an interest in the United States regarding the culture, art, customs, language, literature, and history of Spain. Established with this purpose, the Institute aims to stimulate curiosity and appreciation for Spain's heritage in the United States. By doing so, the Institute serves as a bridge between the two nations, promoting a deeper understanding and appreciation for Spain's rich cultural tapestry.
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Impact
July, 2024
Queen Sofia Spanish Institute Inc's impact lies in its mission to further an interest in the culture, language, literature, art, music, history, and customs of Spain and its heritage within the United States. By providing a platform for cultural exchange and education, the Institute plays a significant role in promoting understanding and appreciation of Spanish culture among Americans. Through its various programs and initiatives, Queen Sofia Spanish Institute Inc helps bridge cultural divides, fosters dialogue, and enriches the cultural landscape of New York City. Its commitment to showcasing the richness of Spanish arts and heritage contributes to a vibrant and diverse cultural community, making a lasting impact on those who engage with its offerings.
This information is meant to be a general summary of Queen Sofia Spanish Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $880,868
- Gross Receipts: $15,217,253
Assets and Liabilities:
- Total Assets: $25,473,020
- Total Liabilities: $15,793
- Net Assets: $25,457,227
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Organization Details
Founding Year
1954
Phone
(212) 628-0420Principal Officer
Joan Trant
Main Address
575 MADISON AVENUE 10TH FL, NEW YORK, NY, 10022
NTEE Category
Code: A230 - Arts
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