Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1992.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
73 cents of each dollar spent went to programs.
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
24 people listed on the 990; $1.2M paid to officers and key staff.
Diane Wachtell’s $229K as Executive Director is at the 90th percentile of top reported officer pay among 3924 $1–10M 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 · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Diane Wachtell | $229,466 | $218,380 | $233,552 | $229,727 | $164,832 |
| Ellen Adler | $170,280 | $212,170 | $232,751 | $227,298 | $163,413 |
| Rosa M Del Saz | $196,266 | $191,091 | — | — | — |
| Tanya Coke | $182,443 | — | — | — | — |
| Carline Yup | — | — | — | $180,348 | $132,589 |
| Marc Favreau | $180,250 | $147,317 | $131,880 | $124,339 | — |
| Natalie Schulmonds | $171,700 | — | — | — | — |
| James Phelan | — | — | $141,412 | $135,676 | — |
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 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Publishes culturally and historically important books overlooked by commercial publishers.
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While the year closed with a deficit, the result was in line with projections and reflects a meaningful improvement over 2023. Market-wide softness in nonfiction, particularly for backlist-led publishers, continued to pressure sales, and we adjusted operations ACCORDINGLY.IN 2024 we published 32 frontlist titles (up one from 2023).
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.3M | $755K |
| InvestmentsLn 11–13 | $1.6M | $552K |
| Land, buildings, equipmentLn 10c | $40K | $32K |
| Total assetsLn 16 | $8.1M | $6.3M |
| LiabilitiesLn 26 | $2.8M | $2.3M |
| Net assetsLn 32 | $5.3M | $4.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $650K | $276K | $297K | $77K |
| Other salaries and wagesLn 7 | $2.3M | $1.8M | $207K | $300K |
| Pension plan contributionsLn 8 | $32K | $23K | $5K | $4K |
| Other employee benefitsLn 9 | $327K | $245K | $42K | $40K |
| Payroll taxesLn 10 | $245K | $173K | $41K | $31K |
| Legal feesLn 11b | $22K | $14K | $4K | $3K |
| Accounting feesLn 11c | $47K | $47K | ||
| Investment management feesLn 11f | $2K | $2K | ||
| Other fees for servicesLn 11g | $264K | $76K | $23K | $166K |
| Advertising and promotionLn 12 | $339K | $333K | $3K | $2K |
| Office expensesLn 13 | $144K | $94K | $28K | $21K |
| OccupancyLn 16 | $371K | $248K | $70K | $53K |
| TravelLn 17 | $66K | $43K | $13K | $10K |
| Depreciation, depletion and amortizationLn 22 | $8K | $5K | $2K | $1K |
| InsuranceLn 23 | $44K | $29K | $9K | $7K |
| Other expenses (24a–d)Ln 24 | $1.0M | $943K | $13K | $47K |
| All other expensesLn 24e | $11K | $7K | $2K | $2K |
| Total functional expensesLn 25 | $5.9M | $4.3M | $809K | $764K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $4.6M | $5.9M | −$1.3M | $4.0M | 990 PDF |
| FY2023 | $3.2M | $5.6M | −$2.5M | $5.3M | 990 PDF |
| FY2022 | $5.2M | $5.0M | $156K | $8.2M | 990 PDF |
| FY2021 | $7.0M | $5.1M | $1.9M | $8.3M | 990 PDF |
| FY2020 | $7.4M | $4.9M | $2.6M | $6.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $4,627,459 across 12 lines filed
Part IX · Statement of functional expenses $5,888,108 across 17 lines filed
Part X · Balance sheet $6,346,824 assets, 17 lines filed
Part XI · Reconciliation of net assets $4,027,397 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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