Four Way Books INC FY2023 filing

Tax-deductible

New York, NY501(c)(3)Since 2004Arts & CultureEIN 20-1125607Revenue $410K in FY2023

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.
67¢ of each $1 spent went to programs.
$96K 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
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
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$96K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
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
$16K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$410K
-7% vs prior year
Spent
$517K
To programs
67%
Net assets
$66K
By yearFY2020–FY2025
Revenue
$410K
FY2023▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$443K
FY2021$510K
FY2022$440K
FY2023$410K
FY2024$504K
FY2025$521K
Expenses
$517K
FY2023▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$367K
FY2021$406K
FY2022$505K
FY2023$517K
FY2024$466K
FY2025$449K
Net assets
$66K
FY2023▼ -62%
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 FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

67 cents of each dollar spent went to programs.

Program services 67% · $345K Management & general 10% · $51K Fundraising 23% · $121K

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; $96K paid to officers and key staff.

Part VII, Section A · reportable compensation
Publisher and Executive Editor
$73,000Pt VII · Sec A
$23,160Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President and Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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 · $345K · in their own filed words · FY2023
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.

$345Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$410K
Ln 12
Gifts and grantsLn 1h$259K
Fees for servicesLn 2g$76K
Investment incomeLn 3$66K
Money outPt IX
$517K
Ln 25
Programscol B$345K
Managementcol C$51K
Fundraisingcol D$121K
Owns and owesPt X
$66K
net assets · Ln 32
Cash and savingsLn 1–2$82K
Total assetsLn 16$83K
LiabilitiesLn 26$16K
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$259K
Government grantsLn 1e$80K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$76K
Investment incomeLn 3$66K
Other incomeLn 4–11$8K
Gains on assetsLn 7$63K
Total revenueLn 12$410K
Assets in detailPt X, end of year
CashLn 1$18K
SavingsLn 2$64K
Cash and savings togetherLn 1–2$82K
InvestmentsLn 11–13$0
Total assetsLn 16$83K
LiabilitiesLn 26$16K
Net assetsLn 32$66K
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 FY23End FY23
Cash and savingsLn 1–2$144K$82K
InvestmentsLn 11–13$38K$0
Total assetsLn 16$183K$83K
LiabilitiesLn 26$10K$16K
Net assetsLn 32$173K$66K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$73K$44K$7K$22K
Other salaries and wagesLn 7$134K$80K$13K$40K
Other employee benefitsLn 9$19K$11K$2K$6K
Payroll taxesLn 10$17K$10K$2K$5K
Management feesLn 11a$22K$0$22K$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$3K$0$3K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$9K$9K
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$22K$22K$0$0
Advertising and promotionLn 12$42K$25K$17K
Office expensesLn 13$48K$33K$575$15K
OccupancyLn 16$34K$27K$7K
TravelLn 17$9K$8K$0$215
Conferences, conventions and meetingsLn 19$4K$4K$0$0
InterestLn 20$256$0$256$0
InsuranceLn 23$871$0$871$0
Other expenses (24a–d)Ln 24$81K$80K$0$367
Total functional expensesLn 25$517K$345K$51K$121K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $521K$449K$72K$176K 990 PDF
FY2024 $504K$466K$38K$104K 990 PDF
FY2023 Viewing $410K$517K−$107K$66K 990 PDF
FY2022 $440K$505K−$64K$173K 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $410,023 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $304,008$259,361
I-9 Program service revenuePrior year $70,428$76,481
I-10 Investment incomePrior year $21,221$66,338
I-11 Other revenuePrior year $44,827$7,843
I-12 Total revenuePrior year $440,484$410,023
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 $260,776$242,707
I-16a Professional fundraising feesPrior year $9,650$9,000
I-17 Other expensesPrior year $234,162$265,255
I-18 Total expensesPrior year $504,588$516,962
I-19 Revenue less expensesPrior year −$64,104−$106,939
Part VI · Governance 9 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
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 $410,023 across 12 lines filed
Lines not itemized here account for $84,324 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$79,500
VIII-1f All other contributions, gifts and grants$179,861
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$259,361
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $3,082$3,082
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 $63,256 · Unrelated business $0 · Excluded from tax $0$63,256
VIII-12 Total revenueRelated to mission $147,580 · Unrelated business $0 · Excluded from tax $3,082$410,023
Part IX · Statement of functional expenses $516,962 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $43,800 · Management $7,300 · Fundraising $21,900$73,000
IX-7 Other salaries and wagesPrograms $80,458 · Management $13,410 · Fundraising $40,229$134,097
IX-9 Other employee benefitsPrograms $11,255 · Management $1,876 · Fundraising $5,628$18,759
IX-10 Payroll taxesPrograms $10,111 · Management $1,685 · Fundraising $5,055$16,851
IX-11a Management feesPrograms $0 · Management $22,378 · Fundraising $0$22,378
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $2,622 · Fundraising $0$2,622
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $9,000$9,000
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $22,412 · Management $0 · Fundraising $0$22,412
IX-12 Advertising and promotionPrograms $25,013 · Fundraising $16,645$41,658
IX-13 Office expensesPrograms $32,748 · Management $575 · Fundraising $14,914$48,237
IX-16 OccupancyPrograms $26,822 · Fundraising $6,706$33,528
IX-17 TravelPrograms $8,380 · Management $0 · Fundraising $215$8,595
IX-19 Conferences, conventions and meetingsPrograms $4,107 · Management $0 · Fundraising $0$4,107
IX-20 InterestPrograms $0 · Management $256 · Fundraising $0$256
IX-23 InsurancePrograms $0 · Management $871 · Fundraising $0$871
IX-24 Other expenses (24a–d)Programs $80,224 · Management $0 · Fundraising $367$80,591
IX-25 Total functional expensesPrograms $345,330 · Management $50,973 · Fundraising $120,659$516,962
Part X · Balance sheet $82,547 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $58,194$18,303
X-2 Savings and temporary cash investmentsStart of year $86,160$63,944
X-9 Prepaid expenses and deferred chargesStart of year $300$300
X-11 Publicly traded securitiesStart of year $38,321$0
X-16 Total assetsStart of year $182,975$82,547
X-17 Accounts payable and accrued expensesStart of year $9,857$16,368
X-26 Total liabilitiesStart of year $9,857$16,368
X-32 Total net assets or fund balancesStart of year $173,118$66,179
X-33 Total liabilities and net assetsStart of year $182,975$82,547
Part XI · Reconciliation of net assets $66,179 net assets at year end
XI-1 Total revenue$410,023
XI-2 Total expenses$516,962
XI-3 Revenue less expenses−$106,939
XI-4 Net assets at start of year$173,118
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$66,179

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

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