Cave Canem Foundation INC FY2023 filing

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To cultivate the artistic and professional growth of african american poets; promote public appreciation of the many voices of african american poetry.

501(c)(3) charity; gifts are tax-deductible.
52¢ of each $1 spent went to programs.
$260K 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
3 of 5
filings with a surplus
Average surplus $706K a year · 35% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
52%
of spending
Worth a look: 52% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$260K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $333K in investments, Pt X · Ln 11–13
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $1.6M
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$107K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
-5% vs prior year
Spent
$1.9M
To programs
52%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$1.7M
FY2023▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$764K
FY2021$722K
FY2022$1.8M
FY2023$1.7M
FY2024$5.1M
Expenses
$1.9M
FY2023▲ +52%
Tap a bar for its year
Expenses by fiscal year
FY2020$580K
FY2021$779K
FY2022$1.2M
FY2023$1.9M
FY2024$2.2M
Net assets
$1.1M
FY2023▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$672K
FY2021$615K
FY2022$1.2M
FY2023$1.1M
FY2024$4.0M

From the FY2023 Form 990 · figures checked against the IRS filing · 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 Oct 1997.

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

Where the money goes

52 cents of each dollar spent went to programs.

Program services 52% · $970K Management & general 30% · $561K Fundraising 17% · $319K

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

13 people listed on the 990; $260K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$159,934Pt VII · Sec A
Program Director
$100,338Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Elisha Willis’s $148K as Executive Director is at the 63rd percentile of top reported officer pay among 3394 $1–10M education 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 · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Elisha Willis$148,479$159,934$121,617$82,287$24,473
Dante Micheaux$106,412$100,338———
Ann Marie Lonsdale————$58,273
Sandra Bowie————$29,100
Toi Derricotte——$1,000——

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.

See Cave Canem Foundation INC executive salaries →

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

Nurtures Black poets' growth and promotes appreciation for their voices.

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3 programs · $970K · in their own filed words · FY2023
01

All other accomplishments annual retreat consists of a week-long flagship writing retreat providing black poets the opportunity to learn and write alongside peers and world-class faculty at the university of pittsburgh at greenburg, pa. Prizes extend an avenue to the publishing sector for black poets.

$730Kprogram expense
02

Readings are hosted virtually and in venues across new york city. Four reading series feature recent publications (new works), debut collections (first books), talks with preeminent poets (in conversation), an annual symposium (legacy series), and more.

$131Kprogram expense
03

Regional workshops across the U.S. Provide emerging adult poets a rare opportunity to receive rigorous instruction with accomplished poets.

$110Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 9 funders →
Grants paid · 7 grants · $127K · 2021–2024
Unitemized GrantFY2024$31,500
Unitemized GrantFY2024$5,855
Unitemized GrantFY2023$33,508
Unitemized GrantFY2023$32,500
Unitemized GrantFY2023$10,000
Unitemized GrantFY2022$6,500
Unitemized GrantFY2021$7,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.7M
Fees for servicesLn 2g$14K
Investment incomeLn 3$6K
Money outPt IX
$1.9M
Ln 25
Programscol B$970K
Managementcol C$561K
Fundraisingcol D$319K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$198K
Total assetsLn 16$1.2M
LiabilitiesLn 26$107K
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Government grantsLn 1e$219K
Fees for servicesLn 2g$14K
Investment incomeLn 3$6K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$188K
SavingsLn 2$10K
Cash and savings togetherLn 1–2$198K
Pledges and grants receivableLn 3$511K
Accounts receivableLn 4$71K
Prepaid expenses and deferred chargesLn 9$30K
Land, buildings, equipmentLn 10c$62K
InvestmentsLn 11–13$333K
Other assetsLn 15$31K
Total assetsLn 16$1.2M
LiabilitiesLn 26$107K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 57
VolunteersI 60
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$824K$198K
InvestmentsLn 11–13$7K$333K
Land, buildings, equipmentLn 10c$20K$62K
Total assetsLn 16$1.3M$1.2M
LiabilitiesLn 26$112K$107K
Net assetsLn 32$1.2M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$76K$76K
Pay of current officers, directors and key staffLn 5$260K$122K$90K$48K
Other salaries and wagesLn 7$360K$203K$105K$51K
Other employee benefitsLn 9$101K$42K$23K$36K
Payroll taxesLn 10$45K$24K$14K$7K
Accounting feesLn 11c$90K$0$90K$0
Investment management feesLn 11f$578$0$578$0
Other fees for servicesLn 11g$572K$306K$150K$116K
Advertising and promotionLn 12$22K$2K$17K$3K
Office expensesLn 13$49K$26K$11K$12K
OccupancyLn 16$32K$14K$10K$8K
TravelLn 17$39K$32K$8K$0
Depreciation, depletion and amortizationLn 22$15K$7K$3K$5K
InsuranceLn 23$9K$5K$2K$3K
Other expenses (24a–d)Ln 24$156K$105K$27K$25K
All other expensesLn 24e$23K$7K$10K$5K
Total functional expensesLn 25$1.9M$970K$561K$319K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 13, 2025 $5.1M$2.2M$2.9M$4.0M 990 PDF
FY2023 ViewingFiled with the IRS Nov 13, 2024 $1.7M$1.9M−$106K$1.1M 990 PDF
FY2022Filed with the IRS Oct 3, 2023 $1.8M$1.2M$608K$1.2M 990 PDF
FY2021Filed with the IRS Nov 3, 2022 $722K$779K−$57K$615K 990 PDF
FY2020Filed with the IRS Oct 5, 2021 $764K$580K$184K$672K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,744,839 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,808,971$1,726,038
I-9 Program service revenuePrior year $5,537$14,250
I-10 Investment incomePrior year $76$6,166
I-11 Other revenuePrior year $14,225−$1,615
I-12 Total revenuePrior year $1,828,809$1,744,839
I-13 Grants and similar amounts paidPrior year $6,500$76,008
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $657,794$766,726
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $556,442$1,007,808
I-18 Total expensesPrior year $1,220,736$1,850,542
I-19 Revenue less expensesPrior year $608,073−$105,703
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
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 $1,744,839 across 7 lines filed
Lines not itemized here account for −$4,771 of total revenue; see the IRS return.
VIII-1e Government grants$219,326
VIII-1f All other contributions, gifts and grants$1,506,712
VIII-1h Total contributions, gifts and grants$1,726,038
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$14,250
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $6,166$6,166
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,156 · Unrelated business $0 · Excluded from tax $0$3,156
VIII-12 Total revenueRelated to mission $12,635 · Unrelated business $0 · Excluded from tax $6,166$1,744,839
Part IX · Statement of functional expenses $1,850,542 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $76,008$76,008
IX-5 Pay of current officers, directors and key staffPrograms $122,025 · Management $90,267 · Fundraising $47,980$260,272
IX-7 Other salaries and wagesPrograms $203,111 · Management $105,319 · Fundraising $51,233$359,663
IX-9 Other employee benefitsPrograms $42,113 · Management $22,845 · Fundraising $36,350$101,308
IX-10 Payroll taxesPrograms $23,898 · Management $14,318 · Fundraising $7,267$45,483
IX-11c Accounting feesPrograms $0 · Management $89,599 · Fundraising $0$89,599
IX-11f Investment management feesPrograms $0 · Management $578 · Fundraising $0$578
IX-11g Other fees for servicesPrograms $306,218 · Management $150,322 · Fundraising $115,546$572,086
IX-12 Advertising and promotionPrograms $2,306 · Management $16,774 · Fundraising $2,726$21,806
IX-13 Office expensesPrograms $25,884 · Management $11,453 · Fundraising $12,039$49,376
IX-16 OccupancyPrograms $14,095 · Management $10,274 · Fundraising $7,956$32,325
IX-17 TravelPrograms $31,642 · Management $7,675 · Fundraising $0$39,317
IX-22 Depreciation, depletion and amortizationPrograms $6,845 · Management $2,922 · Fundraising $4,893$14,660
IX-23 InsurancePrograms $4,602 · Management $2,129 · Fundraising $2,634$9,365
IX-24 Other expenses (24a–d)Programs $104,636 · Management $26,514 · Fundraising $24,856$156,006
IX-24e All other expensesPrograms $6,963 · Management $10,429 · Fundraising $5,298$22,690
IX-25 Total functional expensesPrograms $970,346 · Management $561,418 · Fundraising $318,778$1,850,542
Part X · Balance sheet $1,236,470 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $245,786$188,144
X-2 Savings and temporary cash investmentsStart of year $578,059$10,323
X-3 Pledges and grants receivableStart of year $398,484$511,105
X-4 Accounts receivableStart of year $2,173$71,326
X-9 Prepaid expenses and deferred chargesStart of year $37,248$29,770
X-10c Land, buildings and equipment, netStart of year $20,473$61,704
X-11 Publicly traded securitiesStart of year $7,357$333,015
X-15 Other assetsStart of year $50,600$31,083
X-16 Total assetsStart of year $1,340,180$1,236,470
X-17 Accounts payable and accrued expensesStart of year $72,689$87,063
X-25 Other liabilitiesStart of year $39,703$19,987
X-26 Total liabilitiesStart of year $112,392$107,050
X-27 Net assets without donor restrictionsStart of year $354,868$531,609
X-28 Net assets with donor restrictionsStart of year $872,920$597,811
X-32 Total net assets or fund balancesStart of year $1,227,788$1,129,420
X-33 Total liabilities and net assetsStart of year $1,340,180$1,236,470
Part XI · Reconciliation of net assets $1,129,420 net assets at year end
XI-1 Total revenue$1,744,839
XI-2 Total expenses$1,850,542
XI-3 Revenue less expenses−$105,703
XI-4 Net assets at start of year$1,227,788
XI-5 Net unrealized gains (losses) on investments$7,335
XI-10 Net assets at end of year$1,129,420

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

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