52nd Street Project Inc

Organization Overview

52nd Street Project Inc is located in new york, NY. The organization was established in 1993. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, 52nd Street Project Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 52nd Street Project Inc 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 06/2022, 52nd Street Project Inc generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO BRING TOGETHER KIDS FROM HELL'S KITCHEN WITH THEATER PROFESSIONALS TO CREATE ORIGINAL THEATER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HERE ARE SOME OF THE HIGHLIGHTS FROM 2021-2022: FY22 WAS THE FIRST YEAR THAT THE PROJECT RE-OPENED ITS CLUBHOUSE DOORS AND RETURNED TO FULLY IN-PERSON PROGRAMMING SINCE THE BEGINNING OF THE PANDEMIC. THE PROJECT ENGAGED OVER 88 PROJECT MEMBERS THROUGH OUR YEAR-ROUND ARTS PROGRAMMING AND EDUCATIONAL MENTORSHIP OFFERINGS. OUR PROJECT MEMBERS SAW THE RETURN OF FAMILIAR AFTER SCHOOL OFFERINGS SUCH AS HOMEWORK HELP AND SAT PREP PROGRAMS. IN ORDER TO MAKE UP FOR TIME LOST DUE TO THE PANDEMIC, THERE WERE 3 PLAYMAKING PROGRAMS OFFERED THIS YEAR: SUMMER, FALL, AND WINTER. FY22 SAW THE RESTRUCTURING OF OUR TEEN ENSEMBLE IN A RESPONSE TO THE NEED FOR OUR TEENS TO RECALIBRATE AND CATCH UP WITH LIFE AS THEY FOCUSED ON RETURNING TO SCHOOL IN-PERSON. OUR TEEN ENSEMBLE BECAME FOCUSED ON ENGAGING OUR TEENS AND RECONNECTING THEM TO OUR SENSE OF COMMUNITY. THE PROGRAM WAS SPLIT INTO 3 SECTIONS OVER THE YEAR: IMPROVISATION, TECHNICAL THEATER, AND IMPROV GAMES. THE RETURN TO IN-PERSON PROGRAMMING RESULTED IN THE PROJECT SEEING A MORE ROBUST PRODUCTION SCHEDULE. IN FY22, THE PROJECT HELD 7 ARTS PROGRAMS WITH CULMINATING PRODUCTIONS, WHICH SAW 45 ORIGINAL PLAYS OR STORIES CREATED BY OUR YOUNG PEOPLE. WE RETURNED TO IN-PERSON PRODUCTIONS AT OUR FIVE ANGELS THEATER, WHERE WE PRIORITIZED SAFE ACCESSIBILITY TO OUR SHOWS. THIS LED TO US MAKING LIVESTREAM RECORDINGS OF EACH OF OUR PERFORMANCES AVAILABLE TO OUR COMMUNITY, IN ADDITION TO THE OPTION OF TAKING IN THE LIVE PRODUCTION IN OUR PHYSICAL THEATER SPACE, REACHING A TOTAL AUDIENCE OF 2,580 PEOPLE IN FY22. 100% OF OUR SENIOR CLASS (25) GRADUATED FROM HIGH SCHOOL AND 36 ALUMNI ENROLLED IN COLLEGE AND RECEIVED $1,000 SCHOLARSHIPS AS PART OF OUR RON BLACK MEMORIAL SCHOLARSHIP FUND.


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Board, Officers & Key Employees

Name (title)Compensation
Carol Ochs
Executive Director
$118,424
Natalie Hirsch
Artistic Director
$94,461
Louis Friedman
Co-Chair
$0
Cathy Dantchik
Co-Chair
$0
Merritt Tilney
Treasurer
$0
Noel Mihalow
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$2,496
Related organizations$0
Government grants $631,585
All other contributions, gifts, grants, and similar amounts not included above$703,994
Noncash contributions included in lines 1a–1f $11,439
Total Revenue from Contributions, Gifts, Grants & Similar$1,338,075
Total Program Service Revenue$175,028
Investment income $195,364
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$52,866
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,663,574

Grants Recieved

Over the last fiscal year, we have identified 1 grants that 52nd Street Project Inc has recieved totaling $5,000.

Awarding OrganizationAmount
Stephen P Hanson Family Foundation Inc

New York, NY

PURPOSE: CHARITABLE CONTRIBUTION

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$397,736
Ending Balance$397,736

Peer Organizations

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