Elizabeth & Michel Sorel Charitable Organization Inc
- Assets
- $2.9m
- Revenue
- $597.1k
- Investments
- $2.8m
- Employees
- 0
- Location
- Reston, VA
- Founding
- 07/1997
- Data as of
- 12/2021
- EIN
- 13-3918852
Organization Overview
Elizabeth & Michel Sorel Charitable Organization Inc is located in Reston, VA. The organization was established in 1997. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elizabeth & Michel Sorel Charitable Organization 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 12/2021, Elizabeth & Michel Sorel Charitable Organization Inc generated $597.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $364.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Elizabeth & Michel Sorel Charitable Organization Inc has awarded 125 individual grants totaling $1,355,825. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMERICAN PIANISTS
VOICES OF ASCENSION SERIES
ORCHESTRA OF THE SWAN
BARD COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wende Persons Vice President/treasurer | 40 | $60,000 | |
Walter T Killmer Jr President | 5 | $0 | |
Joann Falletta Vice President/secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,955 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $474,456 |
| Capital Gain Net Income | $474,456 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $76,490 |
| Total Revenue | $597,051 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,543 |
| Depreciation | $392 |
| Occupancy | $51,808 |
| Travel, conferences, and meetings | $2,563 |
| Printing and publications | $0 |
| Other expenses | $18,768 |
| Total operating and administrative expenses | $216,261 |
| Contributions, gifts, grants paid | $148,500 |
| Total expenses and disbursements | $364,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,012 |
| Savings and temporary cash investments | $70,518 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,762,747 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,209 |
| Total assets | $2,855,486 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Elizabeth & Michel Sorel Charitable Organization Inc has awarded $148,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN COMPOSERS FORUM PURPOSE: GRANTS TO WOMEN COMPOSERS AND ESTABLISH SOREL RECORDINGS SUB LABEL AND SUPPORT BIPOC WOMEN COMPOSERS WITH RECORDING ASSISTANCE | $50,000 |
SUNY FREDONIA PURPOSE: 6TH ANNUAL COMPETITION FOR HIGH SCHOOL AGED PIANISTS | $35,000 |
NEW MUSIC USA PURPOSE: GENERAL SUPPORT | $30,000 |
ALL CLASSICAL PORTLAND PURPOSE: RADIO STATION INITIATIVE | $10,000 |
SPARKS & WIRY CRIES PURPOSE: SONGSLAM | $7,500 |
SONGFEST AT COLBURN PURPOSE: GENERAL SUPPORT & COMMISSIONS | $7,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leadership Institute Arlington, VA | $34,291,273 | $30,548,300 |
Leadership Conference Education Fund Inc Washington, DC | $66,570,896 | $35,594,976 |
Association Of Social Work Boards Culpeper, VA | $45,860,207 | $24,599,963 |
Public Citizen Foundation Inc Washington, DC | $35,119,846 | $18,677,601 |
Brighton Center Inc Newport, KY | $9,970,830 | $13,102,096 |
Healthcare Leadership Council Washington, DC | $7,485,045 | $7,225,139 |
National Wic Association Washington, DC | $8,807,492 | $4,475,481 |
State Leadership Project Raleigh, NC | $3,276,148 | $7,562,272 |
Kentucky Coalition Inc London, KY | $8,646,468 | $2,988,412 |
Leadership Louisville Foundation Incorporated Louisville, KY | $5,483,171 | $2,662,724 |
Us Global Leadership Campaign Washington, DC | $1,116,906 | $1,760,007 |
Leadership Initiatives Washington, DC | $825,487 | $1,535,471 |