Booklyn Incorporated FY2023 filing

Tax-deductible

Brooklyn, NY501(c)(3)Arts & CultureEIN 03-0383217Revenue $469K in FY2023

On file with the IRSbooklyn.org140 58th Street Bldg B-7g, 11220-2521 · Brooklyn, NYTax-exempt since Apr 2003Publicly supported — 509(a)(2)

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To promote artists books as art and research material and to assist artists and organizations in documenting, exhibiting, and distributing their artwork and archives.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
$70K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $33K a year · 7% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$70K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$262K
176% of total assets
Concern: liabilities are 176% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$469K
-4% vs prior year
Spent
$442K
To programs
62%
Net assets
−$113K
By yearFY2020–FY2024
Revenue
$469K
FY2023▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$261K
FY2021$458K
FY2022$488K
FY2023$469K
FY2024$580K
Expenses
$442K
FY2023▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$322K
FY2021$324K
FY2022$468K
FY2023$442K
FY2024$533K
Net assets
−$113K
FY2023▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020−$293K
FY2021−$160K
FY2022−$140K
FY2023−$113K
FY2024−$66K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $274K Management & general 23% · $101K Fundraising 15% · $67K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $70K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$69,516Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Monica M Johnson’s $70K as Executive Dir. is at the 65th percentile of top reported officer pay among 2215 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Monica M Johnson$70,314$69,516$63,954$62,174$69,089

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports artists' books as art and research, and helps artists and groups share their work and archives.

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Provided by the organization

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1 program · $274K · in their own filed words · FY2023
01

To promote artists books as an art form and an educational resource, to provide the general public and educational institutions with services and programming involving contemporary artist books, to provide free and low-cost book-, print-, and zine-making education in person and resources online and to assist artists in exhibiting…

$274Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$469K
Ln 12
Other incomeLn 4–11$377K
Gifts and grantsLn 1h$71K
Fees for servicesLn 2g$21K
Money outPt IX
$442K
Ln 25
Programscol B$274K
Managementcol C$101K
Fundraisingcol D$67K
Owns and owesPt X
−$113K
net assets · Ln 32
Cash and savingsLn 1–2$33K
Total assetsLn 16$149K
LiabilitiesLn 26$262K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$71K
Government grantsLn 1e$52K
Noncash giftsLn 1g$1K
Fundraising eventsLn 1c$2K
Fees for servicesLn 2g$21K
Investment incomeLn 3$8
Other incomeLn 4–11$377K
Gains on assetsLn 7$0
Total revenueLn 12$469K
Assets in detailPt X, end of year
CashLn 1$33K
SavingsLn 2$0
Cash and savings togetherLn 1–2$33K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$6K
Other assetsLn 15$0
Total assetsLn 16$149K
LiabilitiesLn 26$262K
Net assetsLn 32−$113K
OperationsPt I, VI
EmployeesI 52
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$101K$33K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$7K$6K
Total assetsLn 16$275K$149K
LiabilitiesLn 26$415K$262K
Net assetsLn 32−$140K−$113K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$83K$50K$19K$14K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$183K$110K$42K$31K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$16K$10K$4K$3K
Payroll taxesLn 10$21K$13K$5K$4K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$36K$22K$8K$6K
Advertising and promotionLn 12$0
Office expensesLn 13$5K$3K$1K$771
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$22K$13K$6K$3K
TravelLn 17$14K$14K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$4K$4K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$6K$4K$2K$623
Other expenses (24a–d)Ln 24$43K$34K$5K$4K
All other expensesLn 24e$8K$3K$4K$402
Total functional expensesLn 25$442K$274K$101K$67K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $580K$533K$47K−$66K 990 PDF
FY2023 Viewing $469K$442K$27K−$113K 990 PDF
FY2022 $488K$468K$20K−$140K 990 PDF
FY2021 $458K$324K$133K−$160K 990 PDF
FY2020 $261K$322K−$61K−$293K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $468,660 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $98,792$71,384
I-9 Program service revenuePrior year $8,950$20,669
I-10 Investment incomePrior year $713$8
I-11 Other revenuePrior year $379,801$376,599
I-12 Total revenuePrior year $488,256$468,660
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $277,179$303,301
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $191,009$138,451
I-18 Total expensesPrior year $468,188$441,752
I-19 Revenue less expensesPrior year $20,068$26,908
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $468,660 across 14 lines filed
Lines not itemized here account for $375,430 of total revenue; see the IRS return.
VIII-1b Membership dues$6,826
VIII-1c Fundraising events$1,964
VIII-1e Government grants$51,970
VIII-1f All other contributions, gifts and grants$10,624
VIII-1g Noncash contributions (included above)$1,400
VIII-1h Total contributions, gifts and grants$71,384
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,669$20,669
VIII-3 Investment incomeExcluded from tax $8$8
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,169$1,169
VIII-12 Total revenueRelated to mission $21,838 · Excluded from tax $375,438$468,660
Part IX · Statement of functional expenses $441,752 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $49,961 · Management $19,152 · Fundraising $14,156$83,269
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $109,889 · Management $42,124 · Fundraising $31,135$183,148
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $9,582 · Management $3,673 · Fundraising $2,715$15,970
IX-10 Payroll taxesPrograms $12,549 · Management $4,810 · Fundraising $3,555$20,914
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $21,582 · Management $8,273 · Fundraising $6,115$35,970
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $2,722 · Management $1,044 · Fundraising $771$4,537
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $13,497 · Management $5,624 · Fundraising $3,374$22,495
IX-17 TravelPrograms $13,815$13,815
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $3,696$3,696
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $1,017$1,017
IX-23 InsurancePrograms $3,736 · Management $1,868 · Fundraising $623$6,227
IX-24 Other expenses (24a–d)Programs $33,711 · Management $5,090 · Fundraising $4,017$42,818
IX-24e All other expensesPrograms $3,257 · Management $4,217 · Fundraising $402$7,876
IX-25 Total functional expensesPrograms $274,301 · Management $100,588 · Fundraising $66,863$441,752
Part X · Balance sheet $148,709 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $101,257$32,906
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $152,371$89,180
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $1,431$20,959
X-10c Land, buildings and equipment, netStart of year $6,682$5,664
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $13,593$0
X-16 Total assetsStart of year $275,334$148,709
X-17 Accounts payable and accrued expensesStart of year $246,399$99,722
X-19 Deferred revenue$2,370
X-24 Unsecured notes and loans payableStart of year $159,904$154,975
X-25 Other liabilitiesStart of year $8,733$4,436
X-26 Total liabilitiesStart of year $415,036$261,503
X-27 Net assets without donor restrictionsStart of year −$139,702−$112,794
X-32 Total net assets or fund balancesStart of year −$139,702−$112,794
X-33 Total liabilities and net assetsStart of year $275,334$148,709
Part XI · Reconciliation of net assets −$112,794 net assets at year end
XI-1 Total revenue$468,660
XI-2 Total expenses$441,752
XI-3 Revenue less expenses$26,908
XI-4 Net assets at start of year−$139,702
XI-10 Net assets at end of year−$112,794

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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