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Nonprofiteer
← QUEEN SOFIA SPANISH INSTITUTE INC

Form 990 for tax year 2024

Filed by QUEEN SOFIA SPANISH INSTITUTE INC.

Totals

Total revenue
$1,632,452
Total expenses
$1,446,649
Contributions and grants received
$700,136
Grants paid
$94,027
Program service revenue
$0
Investment income
$1,062,969
Other revenue
-$130,653
Total assets, end of year
$27,903,377
Total liabilities, end of year
$120,345
Net assets or fund balances, end of year
$27,783,032
Program services expenses (Part IX)
$1,168,907
Management and general expenses
$222,075
Fundraising expenses
$55,667
Program service expenses (Part III)
$1,168,907

Program services were 80.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $432,471

  • 1f · All other contributions, gifts and grants

    $267,665

  • 1g · Noncash contributions included above

    $161,754

  • 3 · Investment income

    total $975,197 · excluded $975,197

  • 7a · Gross sales of assets other than inventory

    securities $12,445,992

  • 7b · Less cost or other basis and sales expenses

    securities $12,358,220

  • 7c · Gain or loss

    securities $87,772

  • 7d · Net gain or loss

    total $87,772 · excluded $87,772

  • 8a · Fundraising events: gross income

    $45,425

  • 8a · Fundraising events: contributions included on line 1c

    $432,471

  • 8b · Fundraising events: direct expenses

    $176,290

  • 8c · Net income from fundraising events

    total -$130,865 · excluded -$130,865

  • 10a · Gross sales of inventory

    $212

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $212 · related or exempt $212

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000 · program services $10,000

  • 2 · Grants to domestic individuals

    total $10,000 · program services $10,000

  • 3 · Grants to foreign organizations and individuals

    total $74,027 · program services $74,027

  • 5 · Compensation of officers, directors and key employees

    total $294,091 · program services $256,103 · management and general $17,482 · fundraising $20,506

  • 7 · Other salaries and wages

    total $277,321 · program services $239,016 · management and general $17,171 · fundraising $21,134

  • 8 · Pension plan contributions

    total $29,369 · program services $26,578 · management and general $1,469 · fundraising $1,322

  • 9 · Other employee benefits

    total $117,009 · program services $105,891 · management and general $5,852 · fundraising $5,266

  • 10 · Payroll taxes

    total $36,282 · program services $32,835 · management and general $1,814 · fundraising $1,633

  • 11c · Fees: accounting

    total $36,775 · program services $7,355 · management and general $29,420

  • 11f · Fees: investment management

    total $130,986 · management and general $130,986

  • 11g · Fees: other

    total $9,352 · program services $3,740 · management and general $5,612

  • 13 · Office expenses

    total $10,599 · program services $4,289 · management and general $3,155 · fundraising $3,155

  • 14 · Information technology

    total $18,457 · program services $18,457

  • 16 · Occupancy

    total $46,509 · program services $46,509

  • 17 · Travel

    total $3,381 · program services $3,381

  • 20 · Interest

    total $12,228 · program services $12,228

  • 23 · Insurance

    total $7,952 · program services $2,651 · management and general $2,650 · fundraising $2,651

  • 24a · Other expenses: CONTRIBUTED NON-FINANCI

    total $161,754 · program services $161,754

  • 24b · Other expenses: PROGRAMS & GRANTS

    total $119,766 · program services $119,766

  • 24c · Other expenses: TRANSLATION PRIZE

    total $27,406 · program services $27,406

  • 24d · Other expenses: MISCELLANEOUS

    total $12,929 · program services $6,465 · management and general $6,464

  • 24e · All other expenses

    total $456 · program services $456

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $63,775 · end of year $33,750

  • 2 · Savings and temporary cash investments

    beginning of year $22,786 · end of year $67,927

  • 4 · Accounts receivable

    beginning of year $4,574 · end of year $25,780

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,717 · end of year $12,125

  • 10a · Land, buildings and equipment: cost or other basis

    $20,000

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $20,000 · end of year $20,000

  • 11 · Investments: publicly traded securities

    beginning of year $26,577,946 · end of year $27,736,475

  • 15 · Other assets

    beginning of year $0 · end of year $7,320

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,575 · end of year $120,345

  • 27 · Net assets without donor restrictions

    beginning of year $26,669,223 · end of year $27,783,032

Mission and programs · 2024

Mission

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

Activities or mission (Part I)

TO FURTHER AN INTEREST IN THE CULTURE, LANGUAGE, LITERATURE, ART, MUSIC, HISTORY AND CUSTOMS OF SPAIN

  • WEBPAGE: SEE SCHEDULE O.

    Expenses $45,696

  • ANNUAL TRANSLATION PRIZE: SEE SCHEDULE O.

    Expenses $27,406

  • ANALOGUES SITES EXHIBITION: SEE SCHEDULE O.

    Expenses $34,772 · Grants $10,000

  • QSSI IN MADRID (PRIMERAS JORNADOS):TO ENSURE THAT SPAIN'S CONTRIBUTION TO THE INDEPENDENCE OF THE UNITED STATES IS DULY RECOGNIZED IN THE OFFICIAL CELEBRATIONS TO BE HELD IN THE UNITED STATES IN 2026, THE QUEEN SOFA SPANISH INSTITUTE, AS PART OF ITS "AMERICA&SPAIN250" INITIATIVE, AND THE RAMN ARECES FOUNDATION PRESENT THE FIRST CONFERENCE ON 250 YEARS OF RELATIONS BETWEEN SPAIN AND THE UNITED STATES OF AMERICA. SUNSET GALA AT THE ALHAMBRA: THE SUNSET GALA AT THE ALHAMBRA SUPPORTED RESEARCH ON ALZHEIMER'S AND OTHER NEURODEGENERATIVE DISEASES. THE QSSI AND ITS FRIENDS ARE PROUD SUPPORTERS OF THIS CAUSE. THE GALA TOOK PLACE AT THE PARADOR DE GRANADA, FOLLOWED BY A DANCE PERFORMANCE BY THE NATIONAL BALLET OF SPAIN AT THE IMPRESSIVE GENERALIFE THEATER OF THE ALHAMBRA PALACE IN GRANADA.(1) AMERICAN FOLK ART MUSEUM: A SPECIAL PRESENTATION FRANCESC TOSQUELLES: AVANT-GARDE PSYCHIATRY AND THE BIRTH OF ART BRUTTHIS SPECIAL EVENT PRESENTED AN EXCLUSIVE LOOK AT THE NEW EXHIBITION ABOUT THE SPANISH PSYCHIATRIST FRANCESC TOSQUELLES AND FEATURED A CONVERSATION ABOUT ADVANCES IN THE FIELD OF PSYCHIATRY AND MENTAL HEALTH FOLLOWED BY PRIVATE TOURS OF THE EXHIBITION. GUESTS JOINED THE QUEEN SOFA SPANISH INSTITUTE AND THE AMERICAN FOLK ART MUSEUM FOR AN AFTER-HOURS EVENT WITH UNIQUE PERSPECTIVES ON THE NEW EXHIBITION, PRIVATE TOURS, AND LIGHT REFRESHMENTS.(2) 15TH EDITION OF THE CONFERENCIA MBA ESPANA: THE QUEEN SOFA SPANISH INSTITUTE IS A PROUD SPONSOR OF THE CONFERENCE AND OPENING EVENT OF THE 15TH EDITION OF CONFERENCIA MBA ESPAA HELD THIS YEAR AT COLUMBIA UNIVERSITY. CONFERENCIA MBA ESPAA WAS A TWO-DAY EVENT OF LECTURES AND NETWORKING EVENTS WHERE SPANISH LEADERS IN BUSINESS SHARED THEIR EXPERIENCES AND PERSPECTIVES WITH MBA STUDENTS FROM TOP AMERICAN UNIVERSITIES.(3) (3) JUNIOR COMMITTEE EVENTS(4) (4) ANNIVERSARY VIDEO(5) (5) MECUSA: THE QUEEN SOFA SPANISH INSTITUTE IS A PROUD SPONSOR OF THE EXHIBITION AND OPENING OF ELLAS SON CIENCIA/ WOMEN ARE SCIENCE BY MECUSA & SPANISH ILLUSTRATOR QUAN ZHOU HELD AT NYU-KJCC.USA(6) (6) TALIA AWARD: "THE RED ROSE" BY PRTT WINS THE 2024 AWARD(7) QUIZSTORY PODCAST(8) GENERAL PROGRAM EXPENSES.

    Expenses $1,061,033 · Grants $84,027

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Pilar Llado Arburua

    CHAIR OF THE BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    10

  • Jose Pepe Fanjul

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Maria Begonia Santos

    PRESIDENT & CEO

    Total calculated
    $283,691
    From this org
    $222,600
    From related orgs
    $0
    Other
    $61,091
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,600
    Bonus
    $30,000
    Other
    $0
    Deferred
    $23,300
    Nontaxable benefits
    $37,791
    Filer's total
    $283,691

  • Joan Trant

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Patrice Degnan Erquicia

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Alicia Alcocer Koplowitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Askren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Maria Luisa Canovas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Dr Carlos Cordon-Cardo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dixie De Luca

    DIRECTOR

    Total calculated
    $0
    Hours/week
    20

  • Begona De Ros Raventos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marisa Falco De Godo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Antonio Garrigues Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Professor Richard Kagan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    30

  • Nancy Kissinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carmen Reviriego

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Isabel Stude Lummis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Peggy Holder-Jones

    DIR. ADMIN & ACCOUNTING

    Total calculated
    $178,372
    From this org
    $133,300
    From related orgs
    $0
    Other
    $45,072
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,300
    Bonus
    $20,000
    Other
    $0
    Deferred
    $13,746
    Nontaxable benefits
    $31,326
    Filer's total
    $178,372

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202513179349304601

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