QUEEN SOFIA SPANISH INSTITUTE INC

EIN: 132548780 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$1,495,228
Total Expenses
$1,234,638
Total Assets
$26,713,798
Net Assets
$26,669,223
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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
NY
Principal Officer
JOAN TRANT
Phone
2126280420
Tax Period
2023-01-01 to 2023-12-31

QUEEN SOFIA SPANISH INSTITUTE INC, founded in 1954, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $261K, a strong 17% operating margin.

Mission

TO FURTHER, IN THE UNITED STATES, AN INTEREST IN THE CULTURE, LANGUAGE, LITERATURE, ART, MUSIC, HISTORY AND CUSTOMS OF SPAIN AND ITS HERITAGE.

Program Service Accomplishments

Program 1
Expenses: $121,348

QUEEN SOFIA SPANISH INSTITUTE, INC. IN MADRID:-SIGNING CEREMONY OF AGREEMENT BETWEEN THE GILDER LEHRMAN INSTITUTE OF AMERICAN HISTORY, QUEEN SOFA SPANISH INSTITUTE (QSSI), AND THE ROYAL ACADEMY OF...

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QUEEN SOFIA SPANISH INSTITUTE, INC. IN MADRID:-SIGNING CEREMONY OF AGREEMENT BETWEEN THE GILDER LEHRMAN INSTITUTE OF AMERICAN HISTORY, QUEEN SOFA SPANISH INSTITUTE (QSSI), AND THE ROYAL ACADEMY OF HISTORY FOR THE LAUNCH OF THE EDUATIONAL APP, "QUIZSTORY," TO BENEFIT AMERICAN AND SPANISH SCHOOL CHILDREN. ALL MATERIALS ARE POSTED ON THE QSSI WEBSITE FOR PUBLIC ACCESS.- BOARD MEETINGQSSI IN HOUSTON-PRESENTATION OF THE BIOGRAPHICAL DICTIONARY (DB~E) O-CARMEN POSADAS INTERVIEW GIOCONDA BELLI - CARMEN POSADAS/JAVIER SIERRA INTERVIEW- JUNIOR COMMITTEE EVENTS

Program 2
Expenses: $10,000

PARTICIPATION IN REDISCOVER EL RETABLO DE MAESE PEDRO ON ITS CENTENARY:-CONCERT AT THE KENNEDY CENTER FOR THE PERFORMING ARTS (TERRACE THEATER)- THINKING THE WORLD IN SPANISH ACADEMIC PROGRAM LED BY...

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PARTICIPATION IN REDISCOVER EL RETABLO DE MAESE PEDRO ON ITS CENTENARY:-CONCERT AT THE KENNEDY CENTER FOR THE PERFORMING ARTS (TERRACE THEATER)- THINKING THE WORLD IN SPANISH ACADEMIC PROGRAM LED BY THE CHAIR OF THE PRINCE OF ASTURIAS FOUNDATION-"A PANORAMA OF SPANISH MUSIC OF THE LAST 50 YEARS" CONCERT AT GEORGETOWN-CONFERENCES AND CONCERTS AT THE CULTURAL CENTER OF THE EMBASSY OF SPAIN IN WASHINGTON

Program 3
Expenses: $10,000

CONTINUED PARTNERSHIP WITH GILDER LEHRMAN INSTITUTE OF AMERICAN HISTORY:- COLLABORATION EFFORTS WITH THE GILDER LEHRMAN INSTITUTE OF AMERICAN HISTORY TO DEVELOP AND DISSEMINATE RESOURCES AND...

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CONTINUED PARTNERSHIP WITH GILDER LEHRMAN INSTITUTE OF AMERICAN HISTORY:- COLLABORATION EFFORTS WITH THE GILDER LEHRMAN INSTITUTE OF AMERICAN HISTORY TO DEVELOP AND DISSEMINATE RESOURCES AND MATERIALS ON THE CONTRIBUTIONS OF SPAIN TO U.S. HISTORY FROM THE 16TH CENTURY TO 1848. THIS SUBSTANTIAL AND UNIQUE PROJECT WILL ALLOW THE QSSI TO REACH THE GLI'S NETWORK OF 58,000 TEACHERS AND 3,000,000 STUDENTS THROUGHOUT 31,000 SCHOOLS NATIONWIDE. -CREATION AND DISTRIBUTION OF 6,000 POSTER SETS REFLECTING THE CONTRIBUTION OF SPAIN TO THE INDEPENDENCE OF THE UNITED STATES.-DISTRIBUTION OF QUIZSTORY: SPANISH FRIENDSHIP APP THROUGH GLI ABOVE NETWORK.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $520,653
Program Service Revenue $0
Investment Income $964,397
Other Revenue $10,178
TOTAL REVENUE $1,495,228

Expense Breakdown

Grants Paid $20,000
Salaries & Benefits $674,101
Fundraising Expenses $143,906
Program Expenses $882,230
Other Expenses $540,537
TOTAL EXPENSES $1,234,638

Year-over-Year Comparison

2023 2022 Change
Revenue $1,495,228 $1,136,483 +0.3%
Expenses $1,234,638 $1,193,719 +0.0%
Net Income $260,590 $-57,236 -5.6%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
16
Independent Members
15
Employees
5
Volunteers
15

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$272,496
Total Directors
16
$272,496
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PILAR LLADO ARBURUA CHAIR OF THE BOARD OF DIRECTORS 10.00
Officer Director
$0 $0 $0
JOSE PEPE FANJUL VICE-CHAIR 20.00
Officer Director
$0 $0 $0
PATRICE DEGNAN PRESIDENT & CEO 20.00
Officer Director
$0 $0 $0
JOAN TRANT TREASURER 20.00
Officer Director
$0 $0 $0
GABRIEL COOPERMAN SECRETARY 2.00
Officer Director
$0 $0 $0
MARIA BEGONIA SANTOS EXECUTIVE DIRECTOR & COO 40.00
Officer Director
$205,000 $67,496 $272,496
ALICIA ALCOCER KOPLOWITZ DIRECTOR 2.00
Director
$0 $0 $0
DAVID ASKREN DIRECTOR 5.00
Director
$0 $0 $0
MARIA LUISA CANOVAS DIRECTOR 30.00
Director
$0 $0 $0
DR CARLOS CORDON-CARDO DIRECTOR 5.00
Director
$0 $0 $0
DIXIE DE LUCA DIRECTOR 30.00
Director
$0 $0 $0
MARISA FALCO DE GODO DIRECTOR 5.00
Director
$0 $0 $0
ANTONIO GARRIGUES WALKER DIRECTOR 5.00
Director
$0 $0 $0
PROFESSOR RICHARD KAGAN DIRECTOR 30.00
Director
$0 $0 $0
NANCY KISSINGER DIRECTOR 2.00
Director
$0 $0 $0
CARMEN REVIRIEGO DIRECTOR 5.00
Director
$0 $0 $0
PEGGY HOLDER-JONES DIR. ADMIN & ACCOUNTING 40.00
Highest
$121,000 $41,521 $162,521
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,495,228 $1,234,638 $26,713,798 $260,590
2022 $1,136,483 $1,193,719 $25,473,020 $-57,236
2021 $1,255,154 $1,036,676 $27,574,418 $218,478
2020 $1,195,441 $928,550 $25,046,938 $266,891
2019 $1,003,264 $805,449 $25,168,358 $197,815
2018 $274,385 $761,698 $22,255,490 $-487,313
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