Nonprofit · EIN 85-3458271
SOCRATUS COLLECTIVE WISDOM CORPORATION
Tax-exempt · BELMONT, MA 02478
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $240,545 | $745,440 | -$504,895 | $486,397 | $124,303 | $362,094 |
| June 30, 2024 | 990 | $649,165 | $541,605 | $107,560 | $891,184 | $24,195 | $866,989 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $236,792
- Program service revenue
- $0
- Investment income
- $3,753
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,349
- Compensation of officers, directors and key employees
- $110,000
- Salaries, compensation and benefits (total)
- $125,755
- Professional fundraising fees
- $0
- Legal fees
- $107
- Accounting fees
- $8,910
- Travel
- $6,780
- Depreciation
- $290
- Program services (functional)
- $644,920
- Management and general (functional)
- $85,734
- Fundraising (functional)
- $14,786
Balance sheet and other
- Total assets, start of year
- $891,184
- Total assets, end of year
- $486,397
- Total liabilities, end of year
- $124,303
- Net assets, end of year
- $362,094
- Land, buildings and equipment
- $870
- Net assets without donor restrictions
- $362,094
- Gross receipts
- $240,545
- Employees
- 1
- Year formed
- 2020
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAJESH KASTURIRANGAN | PRESIDENT Trustee or director, Key employee | 40 | $0 |
| GLENN BRODY-MAGID | DIRECTOR Trustee or director | 0 | $0 |
| FRANSIS STEEN | TREASURER Key employee | 0 | $0 |
| VANDANA SINGH | CLERK Key employee | 0 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAJESH KASTURIRANGAN | PRESIDENT Trustee or director, Key employee | 41.6 | $100,833 |
| GLENN BRODY-MAGID | DIRECTOR Trustee or director | 0 | $0 |
| VANDANA SINGH | CLERK Key employee | 0 | $0 |
| FRANSIS STEEN | TREASURER Key employee | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 24 HARDING AVE, BELMONT, MA 02478-4413
- In care of
- % RAJESH KASTURIRANGAN
- Mailing address (990-N for 2020)
- 24 HARDING AVENUE, BELMONT MA 02478
- Principal officer (990-N for 2020)
- RAJESH KASTURIRANGAN, 24 HARDING AVENUE, BELMONT MA 02478
- Signed the 990
- RAJESH KASTURIRANGAN, PRESIDENT
- Phone
- (617) 997-5823
- Website
- WWW.SOCRATUS.ORG
- Return prepared by
- MICHAEL PETRUSHANSKY CPA PC
Mission
SOCRATUS COLLECTIVE WISDOM CORPORATION CONDUCTS SCIENTIFIC RESEARCH,LITE RARY EXPOSITION AND EDUCATIONAL OFFERINGS FOR SOCIAL AND ENVIRONMENTAL PROBLEMS WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE
Program accomplishments
- SOCRATUS STRIVES FOR A FLOURISHING SOCIETY ON A THRIVING PLANET. CLIMATE CHANGE, PANDEMICS, AUTOMATION, INEQUALITY ARE ALL WICKED PROBLEMS TO WHICH REASONABLE PEOPLE CAN HAVE WILDLY DIFFERENT SOLUTIONS. SOCRATUS BRINGS TOGETHER THE RIGHT PEOPLE, I.E., PEOPLE EMBEDDED IN THE PROBLEMS THEY WANT TO SOLVE, TO CAREFULLY DESIGNED SPACES. WE ALSO PRODUCE AND DISTRIBUTE TOOLS TO IMAGINE, THINK AND SOLVE BY FACILITATING LEARNING SPACES ON THOSE WICKED PROBLEMS IN PARTNERSHIP WITH A BROAD RANGE OF STAKEHOLDERS IN ACADEMIA, CIVIL SOCIETY, GOVERNMENT AND BUSINESS.Expenses $644,920 · grants $1,349 · revenue $240,545
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 85-3458271
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W05)
- Assets (IRS master file)
- $486,397
- Income (IRS master file)
- $240,545
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $240,545 | $745,440 | $486,397 | XML |
| 990 | June 2024 | $649,165 | $541,605 | $891,184 | XML |
| 990 | June 2023 | $971,306 | $292,928 | $774,139 | IRS |
| 990 | June 2022 | $201,052 | $144,428 | $81,051 | IRS |
| 990-N for 2020 Officer: RAJESH KASTURIRANGAN | June 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-3458271).
Questions about SOCRATUS COLLECTIVE WISDOM CORPORATION
- What is the EIN of SOCRATUS COLLECTIVE WISDOM CORPORATION?
- The employer identification number (EIN) of SOCRATUS COLLECTIVE WISDOM CORPORATION is 85-3458271.
- Is SOCRATUS COLLECTIVE WISDOM CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to SOCRATUS COLLECTIVE WISDOM CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOCRATUS COLLECTIVE WISDOM CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOCRATUS COLLECTIVE WISDOM CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOCRATUS COLLECTIVE WISDOM CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SOCRATUS COLLECTIVE WISDOM CORPORATION?
- The 990-N for 2020 names RAJESH KASTURIRANGAN.
- Who are the officers and directors of SOCRATUS COLLECTIVE WISDOM CORPORATION?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does SOCRATUS COLLECTIVE WISDOM CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $240,545, expenses of $745,440 and total assets of $486,397 at year end.
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All nonprofits in BELMONT · Massachusetts · Public and societal benefit