Elizabeth & Michel Sorel Charitable Organization Inc
- Assets
- $2.5m
- Revenue
- $93.3k
- Investments
- $2.5m
- Employees
- 0
- Location
- Reston, VA
- Founding
- 07/1997
- Data as of
- 12/2023
- 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 12/2023, Elizabeth & Michel Sorel Charitable Organization Inc generated $93.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $301.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Elizabeth & Michel Sorel Charitable Organization Inc has awarded 143 individual grants totaling $1,689,125. 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
2023
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 |
|---|---|---|---|
Walter T Killmer Jr President | 5 | $0 | |
Wende Persons Vice President/treasurer | 40 | $60,000 | |
Joann Falletta Vice President/secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $50,649 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40,035 |
| Capital Gain Net Income | $40,035 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,643 |
| Total Revenue | $93,327 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,590 |
| Interest | $0 |
| Taxes | $1,085 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,222 |
| Printing and publications | $0 |
| Other expenses | $10,395 |
| Total operating and administrative expenses | $123,871 |
| Contributions, gifts, grants paid | $177,800 |
| Total expenses and disbursements | $301,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,998 |
| Savings and temporary cash investments | $32,132 |
| 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 | $2,469,131 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,529,261 |
| 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 $177,800 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN COMPOSERS FORUM PURPOSE: GRANT FOR RECORDING ASSISTANCE TO BIPOC WOMEN COMPOSERS | $30,000 |
MANHATTAN CAMERATA PURPOSE: FUNDS SHIFTED FROM CD DESIGN X2. PEDRO & LUCIA MOVING TO BRIGHT SHINY THINGS LABEL. | $1,500 |
NEW MUSIC USA PURPOSE: 10 GRANTS OF $3K EACH FOR PROJECT GRANTS | $30,000 |
NYU STEINHARDT PURPOSE: ANNUAL WORKSHOP 2 SCHOLARSHIPS FOR WOMEN FILM COMPOSERS | $4,800 |
SONGFEST AT COLBURN PURPOSE: 6 SCHOLARSHIPS FOR EMERGING WOMEN AND BIPOC COMPOSERS | $20,000 |
SPARKS & WIRY CRIES PURPOSE: SONG SLAM 2023 & SOREL COMMISSION | $10,000 |