Canopy Canopy Canopy INC FY2021 filing

Tax-deductible

New York, NY501(c)(3)Since 2009Arts & CultureEIN 30-0537058Revenue $665K in FY2021

On file with the IRScanopycanopycanopy.com264 Canal St Ste 3w, 10013-3592 · New York, NYTax-exempt since Sep 2009Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$105K paid to officers and key staff.
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
1 of 6
filings with a surplus
Average deficit $118K a year · 15% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$105K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$184K
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$665K
-16% vs prior year
Spent
$932K
To programs
78%
Net assets
$588K
By yearFY2020–FY2025
Revenue
$665K
FY2021▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2020$790K
FY2021$665K
FY2022$755K
FY2023$798K
FY2024$1.0M
FY2025$707K
Expenses
$932K
FY2021▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$985K
FY2021$932K
FY2022$904K
FY2023$816K
FY2024$904K
FY2025$922K
Net assets
$588K
FY2021▼ -31%
Tap a bar for its year
Net assets by fiscal year
FY2020$855K
FY2021$588K
FY2022$478K
FY2023$460K
FY2024$594K
FY2025$379K

From the FY2021 Form 990 (year ending June 2021) · 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 Sep 2009.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $725K Management & general 18% · $172K Fundraising 9% · $83K

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

32 people listed on the 990; $105K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$53,921Pt VII · Sec A
$51,520Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Emily M Kleiman’s $71K as Director is at the 65th percentile of top reported officer pay among 2216 $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
Emily M Kleiman$70,538$71,563$67,500$66,884$51,520$51,426
Peter J Russo—————$2,515

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 15aNo

Programs and updates

Publishes an online magazine and occasional print books featuring visual art, literature, and critical dialogues for free public access.

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Provided by the organization

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2 programs · $1.4M · in their own filed words · FY2020
01

Core Programs Digital Publishing

TC accomplishes its mission through the publication of an online magazine of visual art and literature, including interactive essays and screen-based artworks, fiction, poetry, prose, critical dialogues, and performances.

$725Kprogram expense
02

Core Programs Digital Publishing

TC accomplishes its mission through the publication of an online magazine of visual art and literature, including interactive essays,screen-based artworks, fiction, poetry, prose, and critical dialogues, as well as documentation of public programs and performances.

$720Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$665K
Ln 12
Gifts and grantsLn 1h$573K
Fees for servicesLn 2g$85K
Other incomeLn 4–11$7K
Money outPt IX
$932K
Ln 25
Programscol B$725K
Managementcol C$172K
Fundraisingcol D$83K
Owns and owesPt X
$588K
net assets · Ln 32
Cash and savingsLn 1–2$620K
Total assetsLn 16$772K
LiabilitiesLn 26$184K
PeoplePt VI, VII
32
listed · VII A
PaidVII A2
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$573K
Government grantsLn 1e$170K
Fees for servicesLn 2g$85K
Other incomeLn 4–11$7K
Total revenueLn 12$665K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$620K
Total assetsLn 16$772K
LiabilitiesLn 26$184K
Net assetsLn 32$588K
OperationsPt I, VI
EmployeesI 510
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $707K$922K−$215K$379K 990 PDF
FY2024 $1.0M$904K$134K$594K 990 PDF
FY2023 $798K$816K−$18K$460K 990 PDF
FY2022 $755K$904K−$150K$478K 990 PDF
FY2021 Viewing $665K$932K−$267K$588K 990 PDF
FY2020 $790K$985K−$196K$855K 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 (1 part)
Part VI · Governance 15 of 15 board members independent, 3 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes

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

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