Soho Center For Arts And Education Inc
- Assets
- $1.5m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 1
- Location
- Madison, VA
- Founding
- 01/1987
- Data as of
- 06/2023
- EIN
- 13-2943318
Organization Overview
Soho Center For Arts And Education Inc, operating under the name Soho Center, is located in Madison, VA. The organization was established in 1987. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Soho Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Soho Center generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $3.1m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO PROVIDE PROGRAMS AND SERVICES THAT BENEFIT CHILDREN AND FAMILIES, IMPROVE CHILD CARE, IMPROVE CHILDREN'S LITERACY AND CHILDREN'S EDUCATION. THIS IS ACCOMPLISHED THROUGH ONE COMPREHENSIVE PROGRAM CONSISTING OF SEVERAL SERVICES DESCRIBED IN MORE DETAIL IN SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR FIVE DECADES, THE SOHO CENTER HAS ORGANIZED, DEVELOPED AND IMPLEMENTED A VARIETY OF QUALITY CHILD CARE AND MODEL EARLY CHILDHOOD/ELEMENTARY SCHOOL PROGRAMS, AFTER SCHOOL AND ENRICHMENT PROGRAMS, PARENT EDUCATION PROGRAMS, AND TEACHER AND CHILD CARE PROVIDER TRAINING PROGRAMS. THE SOHO CENTER HAS ALSO CREATED NEEDED PRINT, WEB, AND VIDEO MATERIALS TO SUPPORT ITS MISSION. ALL PROGRAMS AND SERVICES, INCLUDING MAJOR BOOK GIVEAWAYS, ARE DESIGNED TO BENEFIT LARGE NUMBERS OF PRIMARILY LOW-INCOME CHILDREN AND FAMILIES. TAKEN TOGETHER, THE VARIOUS ELEMENTS OF THE COMPREHENSIVE CHILDREN'S LITERACY/EDUCATION/CHILD CARE/REACH/HEALTH INITIATIVE DEMONSTRATE INNOVATIVE SOLUTIONS TO IMPROVING THE LIVES OF INFANTS, PRE-SCHOOLERS, AND SCHOOL-AGED CHILDREN AND THEIR FAMILIES. ENHANCING CHILDREN'S EDUCATION (INCLUDING PROMOTING CHILDREN'S LITERACY, NUTRITION, SAFETY, AND HEALTH) AS WELL AS PROMOTING QUALITY CHILD CARE, SCHOOL READINESS, AND SCHOOL SUCCESS IS ESSENTIAL FOR CHILDREN'S DEVELOPMENT AND WELL-BEING. THIS IS CONSISTENT WITH THE SOHO CENTER'S CHARTER TO DEVELOP AND OFFER PROGRAMS AND SERVICES WHICH CONTRIBUTE TO CHILDREN'S EDUCATIONAL OUTCOMES AND WELL-BEING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanna Beker President And Executive Director | OfficerTrustee | 40 | $127,800 |
George Beker Secretary, Treasurer And Director | OfficerTrustee | 5 | $0 |
Priscilla Jackson Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,408,357 |
| Noncash contributions included in lines 1a–1f | $2,066,949 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,408,357 |
| Total Program Service Revenue | $0 |
| Investment income | $12,842 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,421,199 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,213 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,867 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,243 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,688 |
| Insurance | $19,710 |
| All other expenses | $0 |
| Total functional expenses | $3,072,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,091 |
| Savings and temporary cash investments | $824,796 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,465 |
| Net Land, buildings, and equipment | $417,385 |
| Investments—publicly traded securities | $89,092 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,453,829 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $421,884 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $421,884 |
| Net assets without donor restrictions | $1,031,945 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,453,829 |