Socratic Inc
- Assets
- $60.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lawrence, MA
- Founding
- 06/2016
- EIN
- 81-2903354
Organization Overview
Socratic Inc is located in Lawrence, MA. The organization was established in 2016. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Socratic 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 undefined, Socratic Inc generated $21.5k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 52.0% each year . All expenses for the organization totaled $6.0k during the year ending undefined. You can explore the organizations financials more deeply in the financial statements section below.
Limited Data Available: This organization filed their most recent 990 in paper format. This filing methodology limits the information that can be extracted from the filing.Limited Data Available: This organization is one of the few in our database that filed their most recent 990 with the IRS in paper format. This filing methodology limits the information that can be extracted from the filing. This will, however, be changing soon; The IRS now requires all organizations to file their 990s electronically.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $21,545 |
| Other Revenue | $0 |
| Total Revenue | $21,545 |
| Statement of Expenses | |
|---|---|
| Total expenses | $6,027 |
| Balance Sheet | |
|---|---|
| Total assets | $60,664 |
| Total liabilities | $0 |
| Net assets or fund balances | $60,664 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Socratic Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
We Share A Common Thread Foundation Inc Lowell, MA PURPOSE: EXEMPT PURPOSES | $4,000 |
Rcb Charitable Foundation Inc Reading, MA PURPOSE: SILVER SPONSOR - MAKE A DIFFERENCE NIGHT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Camp Harbor View Foundation Inc Boston, MA | $69,208,202 | $14,199,041 |
Utec Inc Lowell, MA | $20,133,809 | $14,604,530 |
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Childrens Workshop Foundation Central Falls, RI | $4,705,230 | $8,734,108 |
Exalt Youth New York, NY | $8,260,540 | $8,836,761 |
Nyc Kids Rise Inc Long Island City, NY | $4,984,268 | $4,157,127 |
Urban Dove Inc Long Island City, NY | $5,170,319 | $5,441,041 |
Horizons National Student Enrichment Program Inc Westport, CT | $6,013,839 | $4,724,137 |
Zichron Chaim Inc Monsey, NY | $8,440,547 | $4,476,093 |
Man Up Inc Brooklyn, NY | $3,303,421 | $3,938,909 |