Four Way Books INC FY2021 filing

Tax-deductible

New York, NY501(c)(3)Since 2004Arts & CultureEIN 20-1125607Revenue $510K in FY2021

On file with the IRSfourwaybooks.com11 Jay St Apt 4, 10013-2847 · New York, NYTax-exempt since Oct 2004Publicly supported — 509(a)(2)

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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.
77¢ of each $1 spent went to programs.
$81K 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

FY2021 · 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
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$81K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.0 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
$4K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 14 voting members
Looks good: 13 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$510K
+15% vs prior year
Spent
$406K
To programs
77%
Net assets
$199K
By yearFY2020–FY2025
Revenue
$510K
FY2021▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$443K
FY2021$510K
FY2022$440K
FY2023$410K
FY2024$504K
FY2025$521K
Expenses
$406K
FY2021▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$367K
FY2021$406K
FY2022$505K
FY2023$517K
FY2024$466K
FY2025$449K
Net assets
$199K
FY2021▲ +110%
Tap a bar for its year
Net assets by fiscal year
FY2020$95K
FY2021$199K
FY2022$173K
FY2023$66K
FY2024$104K
FY2025$176K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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

77 cents of each dollar spent went to programs.

Program services 77% · $314K Management & general 3% · $12K Fundraising 20% · $80K

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

15 people listed on the 990; $81K paid to officers and key staff.

Part VII, Section A · reportable compensation
Founder and Publisher
$66,092Pt VII · Sec A
$15,260Pt 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.

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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.

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Provided by the organization

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1 program · $314K · in their own filed words · FY2021
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.

$314Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$510K
Ln 12
Gifts and grantsLn 1h$367K
Fees for servicesLn 2g$74K
Other incomeLn 4–11$69K
Money outPt IX
$406K
Ln 25
Programscol B$314K
Managementcol C$12K
Fundraisingcol D$80K
Owns and owesPt X
$199K
net assets · Ln 32
Cash and savingsLn 1–2$202K
Total assetsLn 16$203K
LiabilitiesLn 26$4K
PeoplePt VI, VII
15
listed · VII A
PaidVII A2
Voting boardVI 1a14
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$367K
Government grantsLn 1e$94K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$74K
Investment incomeLn 3$124
Other incomeLn 4–11$69K
Gains on assetsLn 7$0
Total revenueLn 12$510K
Assets in detailPt X, end of year
CashLn 1$31K
SavingsLn 2$171K
Cash and savings togetherLn 1–2$202K
Total assetsLn 16$203K
LiabilitiesLn 26$4K
Net assetsLn 32$199K
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 FY21End FY21
Cash and savingsLn 1–2$136K$202K
Total assetsLn 16$136K$203K
LiabilitiesLn 26$41K$4K
Net assetsLn 32$95K$199K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$66K$66K
Other salaries and wagesLn 7$96K$96K
Other employee benefitsLn 9$23K$13K$10K
Payroll taxesLn 10$14K$8K$6K
Management feesLn 11a$15K$15K
Accounting feesLn 11c$2K$2K
Professional fundraising feesLn 11e$8K$8K
Other fees for servicesLn 11g$6K$6K
Advertising and promotionLn 12$23K$23K
Office expensesLn 13$44K$44K
OccupancyLn 16$34K$34K
TravelLn 17$94$94
InsuranceLn 23$774$774
Other expenses (24a–d)Ln 24$76K$76K$0$0
Total functional expensesLn 25$406K$314K$12K$80K

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 Viewing $510K$406K$104K$199K 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $510,040 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $342,377$366,864
I-9 Program service revenuePrior year $62,092$74,073
I-10 Investment incomePrior year $102$124
I-11 Other revenuePrior year $38,234$68,979
I-12 Total revenuePrior year $442,805$510,040
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $190,839$198,565
I-16a Professional fundraising feesPrior year $6,500$8,100
I-17 Other expensesPrior year $169,717$199,376
I-18 Total expensesPrior year $367,056$406,041
I-19 Revenue less expensesPrior year $75,749$103,999
Part VI · Governance 13 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members13
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 $510,040 across 13 lines filed
Lines not itemized here account for $143,052 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$94,404
VIII-1f All other contributions, gifts and grants$272,460
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$366,864
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $124$124
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated 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 $143,052 · Unrelated business $0 · Excluded from tax $124$510,040
Part IX · Statement of functional expenses $406,041 across 14 lines filed
IX-5 Pay of current officers, directors and key staffFundraising $66,092$66,092
IX-7 Other salaries and wagesPrograms $95,696$95,696
IX-9 Other employee benefitsPrograms $12,597 · Management $10,078$22,675
IX-10 Payroll taxesPrograms $8,341 · Fundraising $5,761$14,102
IX-11a Management feesPrograms $15,260$15,260
IX-11c Accounting feesManagement $1,647$1,647
IX-11e Professional fundraising feesFundraising $8,100$8,100
IX-11g Other fees for servicesPrograms $5,692$5,692
IX-12 Advertising and promotionPrograms $22,958$22,958
IX-13 Office expensesPrograms $43,639$43,639
IX-16 OccupancyPrograms $33,528$33,528
IX-17 TravelPrograms $94$94
IX-23 InsuranceManagement $774$774
IX-24 Other expenses (24a–d)Programs $75,784 · Management $0 · Fundraising $0$75,784
IX-25 Total functional expensesPrograms $313,589 · Management $12,499 · Fundraising $79,953$406,041
Part X · Balance sheet $202,525 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $10,628$30,898
X-2 Savings and temporary cash investmentsStart of year $125,254$171,327
X-9 Prepaid expenses and deferred chargesStart of year $300$300
X-16 Total assetsStart of year $136,182$202,525
X-17 Accounts payable and accrued expensesStart of year $41,281$3,625
X-26 Total liabilitiesStart of year $41,281$3,625
X-32 Total net assets or fund balancesStart of year $94,901$198,900
X-33 Total liabilities and net assetsStart of year $136,182$202,525
Part XI · Reconciliation of net assets $198,900 net assets at year end
XI-1 Total revenue$510,040
XI-2 Total expenses$406,041
XI-3 Revenue less expenses$103,999
XI-4 Net assets at start of year$94,901
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$198,900

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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