10 South Street Club Operator Inc

Nonprofit profile at a glance

EIN
841924373
IRS 990 coverage
2021–2025
Forms available
Form 990 2025
Location
New York, NY, USA
Phone
2127260773
Rating confidence
Limited
Sector
Arts, Cultural Organizations - Multipurpose

Reported finances

Revenue
$27,266,571
Expenses
$25,810,937
Assets
$13,230,181
Liabilities
$6,796,628

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

People named in this filing

  • JACK CAYRE (DIRECTOR)
  • MAGGIO CIPRIANI (DIRECTOR)
  • HARLAN BERGER (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The company is organized under section 402 of the New York not-for-profit-corporation law as a non-charitable corporation.it operates a private membership club under the name casa cipriani located at 10 south street, New York, New York (the club). The club is an excluse members-only club for members and their guests to eat, drink, socialize, network, attend private musical and arts events, and relax in an elegant downtown setting with New York harbor views. Members pay annual dues and the charges for food, drinks and other items sold to members and their guests, and may charge fees for using club services to members and their guests.

What it reported doing in 2025

The company operated a private membership club under the name casa cipriani located at 10 south street, New York, New York (the club). The club is an excluse members-only club for members and their guests to eat, drink, socialize, network, attend private musical and arts events, and relax in an elegant downtown setting with New York harbor views.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Accountability: 12
  • Sustainability: 39
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 7th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: Limited
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 5.3%; rating input score 45; 45th percentile among comparable filings
  • Total-asset coverage ratio: 0.51; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 0.51; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 96; 96th percentile among comparable filings

Growth

  • Program expense growth: 54.9% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 23.5% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 26.4% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $25.8M in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 10 of 10 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2021 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • Moderate — Sustainability: Operating margin scored 45/100.
  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.