Four Way Books INC FY2020 filing

Tax-deductible

New York, NY501(c)(3)Since 2004Arts & CultureEIN 20-1125607

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Four Way Books is dedicated to producing and promoting excellent literary publications and to creating opportunities for writers of merit. We believe that the work of writers brings good to the world-understanding, empathy, curiosity, wisdom-and we strive to connect writers and readers, to make each writer's life more meaningful by bringing validation to the artist and important, pioneering, virtuosic work to wide public attention, as well as to the communities each book most seeks and serves.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$77K 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

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $20K a year · 4% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$77K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $34K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$41K
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 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
$443K
Spent
$367K
To programs
79%
Net assets
$95K
By yearFY2020–FY2025
Revenue
$443K
FY2020
Revenue by fiscal year
FY2020$443K
FY2021$510K
FY2022$440K
FY2023$410K
FY2024$504K
FY2025$521K
Expenses
$367K
FY2020
Expenses by fiscal year
FY2020$367K
FY2021$406K
FY2022$505K
FY2023$517K
FY2024$466K
FY2025$449K
Net assets
$95K
FY2020
Net assets by fiscal year
FY2020$95K
FY2021$199K
FY2022$173K
FY2023$66K
FY2024$104K
FY2025$176K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2004.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $291K Management & general 1% · $3K Fundraising 20% · $73K

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

12 people listed on the 990; $77K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$62,215Pt VII · Sec A
$14,292Pt VII · Sec A
Secretary & Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President and Director
$0Pt VII · Sec A
Vice-President and Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Martha Rhodes’s $61K as Publisher and Executive Editor is at the 56th 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Martha Rhodes$61,137$61,137$73,000$81,500$66,092$62,215
Jeffery Morehouse$15,791$19,052$23,160$25,498$15,260$14,292

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 Four Way Books INC executive salaries →

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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 and promotes excellent literary works, connecting writers and readers.

Provided by the organization

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1 program · $291K · in their own filed words · FY2020
01

The organization continues to focus on its traditional methods to comply with its mission. The website contains details of all its functions including auctions, submissions, readings and signings.

$291Kprogram 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 · FY2024
See all 3 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$443K
Ln 12
Gifts and grantsLn 1h$342K
Fees for servicesLn 2g$62K
Other incomeLn 4–11$38K
Money outPt IX
$367K
Ln 25
Programscol B$291K
Managementcol C$3K
Fundraisingcol D$73K
Owns and owesPt X
$95K
net assets · Ln 32
Cash and savingsLn 1–2$136K
Total assetsLn 16$136K
LiabilitiesLn 26$41K
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$342K
Government grantsLn 1e$47K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$62K
Investment incomeLn 3$102
Other incomeLn 4–11$38K
Gains on assetsLn 7$0
Total revenueLn 12$443K
Assets in detailPt X, end of year
CashLn 1$11K
SavingsLn 2$125K
Cash and savings togetherLn 1–2$136K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$136K
LiabilitiesLn 26$41K
Net assetsLn 32$95K
OperationsPt I, VI
EmployeesI 53
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 FY20End FY20
Cash and savingsLn 1–2$24K$136K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$25K$136K
LiabilitiesLn 26$6K$41K
Net assetsLn 32$19K$95K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$52K$52K
Other salaries and wagesLn 7$97K$97K
Other employee benefitsLn 9$30K$20K$10K
Payroll taxesLn 10$13K$8K$4K
Management feesLn 11a$14K$14K
Accounting feesLn 11c$2K$2K
Professional fundraising feesLn 11e$6K$6K
Other fees for servicesLn 11g$11K$11K
Advertising and promotionLn 12$26K$26K
Office expensesLn 13$38K$38K
OccupancyLn 16$34K$34K
TravelLn 17$4K$4K
InsuranceLn 23$746$746
Other expenses (24a–d)Ln 24$40K$40K$0$0
Total functional expensesLn 25$367K$291K$3K$73K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $521K$449K$72K$176K 990 PDF
FY2024 $504K$466K$38K$104K 990 PDF
FY2023 $410K$517K−$107K$66K 990 PDF
FY2022 $440K$505K−$64K$173K 990 PDF
FY2021 $510K$406K$104K$199K 990 PDF
FY2020 Viewing $443K$367K$76K$95K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $442,805 across 12 lines filed
Lines not itemized here account for $100,326 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$46,960
VIII-1f All other contributions, gifts and grants$295,417
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$342,377
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $102$102
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $100,326 · Unrelated business $0 · Excluded from tax $102$442,805
Part IX · Statement of functional expenses $367,056 across 14 lines filed
IX-5 Pay of current officers, directors and key staffFundraising $52,121$52,121
IX-7 Other salaries and wagesPrograms $96,579$96,579
IX-9 Other employee benefitsPrograms $19,740 · Fundraising $9,870$29,610
IX-10 Payroll taxesPrograms $8,137 · Fundraising $4,392$12,529
IX-11a Management feesPrograms $14,297$14,297
IX-11c Accounting feesManagement $2,188$2,188
IX-11e Professional fundraising feesFundraising $6,500$6,500
IX-11g Other fees for servicesPrograms $10,904$10,904
IX-12 Advertising and promotionPrograms $25,535$25,535
IX-13 Office expensesPrograms $38,354$38,354
IX-16 OccupancyPrograms $33,528$33,528
IX-17 TravelPrograms $4,397$4,397
IX-23 InsuranceManagement $746$746
IX-24 Other expenses (24a–d)Programs $39,768 · Management $0 · Fundraising $0$39,768
IX-25 Total functional expensesPrograms $291,239 · Management $2,934 · Fundraising $72,883$367,056
Part X · Balance sheet $136,182 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $18,815$10,628
X-2 Savings and temporary cash investmentsStart of year $5,656$125,254
X-9 Prepaid expenses and deferred chargesStart of year $300$300
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $24,771$136,182
X-17 Accounts payable and accrued expensesStart of year $5,619$41,281
X-26 Total liabilitiesStart of year $5,619$41,281
X-32 Total net assets or fund balancesStart of year $19,152$94,901
X-33 Total liabilities and net assetsStart of year $24,771$136,182
Part XI · Reconciliation of net assets $94,901 net assets at year end
XI-1 Total revenue$442,805
XI-2 Total expenses$367,056
XI-3 Revenue less expenses$75,749
XI-4 Net assets at start of year$19,152
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$94,901

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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