Overview
What is Soharlem Inc?
Soharlem Inc, based in New York, NY, is a nonprofit organization that operates a Designers' Studio, offering a supportive environment for creative individuals in Harlem. Their mission revolves around fostering racial equity and employment, incubating creative enterprises with sustainable business models. The studio, located in a former manufacturing building, provides a spacious work area equipped with necessary equipment, allowing artists to thrive. Throughout 2022, activities such as classes, consultations, and professional development sessions were held, benefiting ten local Entrepreneurs in Residence and their micro-businesses. In addition, twelve apprentices were mentored, and over 150 individuals attended various in-person events. The organization also created job opportunities for six local residents, contributing to the community's economic development.
Official website here: www.soharlem.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (50%)
Soharlem Inc has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability and transparency. The organization scores 50% in crucial areas, such as the lack of independent board members and missing financial statements, which raises red flags about its governance practices.
While the charity has established policies, including conflict of interest and whistleblower protections, its reliance on a non-independent board and absence of financial documentation limit its overall effectiveness. The program expense ratio stands at 57.47%, suggesting that more than half of its spending is directed toward its programs, but this figure alone does not mitigate the issues surrounding its fiscal management.
Additionally, the organization does exhibit some positive governance practices, such as having minutes from board meetings documented and a structured document retention policy. However, the absence of a posted tax form on its website and the material diversion of assets further emphasize the need for improvement in its operational transparency and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Soharlem Inc legitimate?
Soharlem Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Soharlem 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: $94,615
Professional Fundraising Fees: $0
Other Salaries and Wages: $39,100
For more financial information, click here
Official website here: www.soharlem.org
What is the mission statement of Soharlem Inc?
Soharlem Inc's mission is centered around promoting racial equity and employment in a specific community. They achieve this by incubating creative enterprises that adopt sustainable business models. By providing workspace and support services, Soharlem fosters a collective of designers. Additionally, they offer training opportunities in garment construction and potential apprenticeships in the fashion industry, aiming to empower local community members and ensure their inclusion in sustainable economic development.
Official website here: www.soharlem.org
Who is the CEO of Soharlem Inc?
Janet Rodriguez is the Ceo of Soharlem Inc. The CEO's salary of Soharlem Inc is $0 and their total compensation is $0.
Official website here: www.soharlem.org
What is the revenue of Soharlem Inc?
Soharlem Inc's revenue in 2022 was $974,739.
Official website here: www.soharlem.org
Who are the executives of Soharlem Inc and what are their salaries?
The average compensation at Soharlem Inc during 2022 was $133,715. There is 1 employee and 7 volunteers at Soharlem Inc.
Here are 6 key members and their salaries (Soharlem Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.soharlem.org
Where can I find the form 990 for Soharlem Inc?
Soharlem Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.soharlem.org
Learn more at the official website: www.soharlem.org
Mission Statement of Soharlem Inc
Soharlem Inc, a nonprofit organization, is committed to fostering racial equity and promoting employment opportunities within Harlem. Their primary mission is to incubate creative enterprises that incorporate sustainable business models. By doing so, they aim to create a collective of designers, providing them with essential space and support services. This collective not only benefits the designers but also serves as a platform for them to share their expertise. Furthermore, Soharlem Inc offers training to local community members in garment construction, potentially leading to apprenticeships within the fashion industry. The organization's mission is to empower the long-term residents of Harlem, ensuring they are an integral part of the district's sustainable economic development, and ultimately, changing the community's narrative.
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Impact
July, 2024
Soharlem Inc's impact can be seen in the way it supports racial equity and employment in Harlem. By incubating creative enterprises that incorporate sustainable business models, Soharlem is not only providing a safe space for creative individuals but also ensuring that they and their fellow long-term residents are part of ongoing and sustainable economic development in this culturally rich district.
Through its Designers Studio, Soharlem offers a 5000 square foot working space equipped with industry tools that have proven to be an unparalleled resource for artists. In 2022, Soharlem's Cultural Industries Incubator Program highlighted the advancement of professional development for 10 local Entrepreneurs in Residence and their micro-businesses related to the fashion industry. Additionally, Soharlem mentored 12 apprentices and conducted numerous activities, including classes, training sessions, consultations, and professional development sessions.
Furthermore, Soharlem actively creates job opportunities in the neighborhood by employing as many as six residents in various roles within the organization. By providing training, support services, and a platform for sharing expertise, Soharlem is not only nurturing a collective of designers but also helping to build a stronger community through job creation and skill development.
In summary, Soharlem Inc's impact can be seen in its commitment to supporting racial equity, fostering economic development, and providing opportunities for local residents to thrive in the fashion industry and beyond.
This information is meant to be a general summary of Soharlem 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.
- Program Service Revenue: $41,445
- Gross Receipts: $974,739
Assets and Liabilities:
- Total Assets: $174,388
- Total Liabilities: $107
- Net Assets: $174,281
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES & GIFT SHOP
Revenue
$41,445
Organization Details
Founding Year
2014
Phone
(212) 222-2792Principal Officer
Janet Rodriguez
Main Address
1361 Amsterdam Avenue 340, New York, NY, 10027
Website
www.soharlem.orgNTEE Category
Code: P19 - Human services
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