Catamaran Literary Reader EIN 45-5153607 Form 990 (PDF) Claim this org

Catamaran Literary Reader FY2022 filing

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Publishing a journal and running programs to promote poetry and West Coast writers. For fiscal year 2022 it reported $222K in revenue, $225K in expenses, and $-19K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Santa Cruz, CA
Website
www.catamaranliteraryreader.com
Filings
5 on file (2020–2022)
Revenue
$222KFY2022
Expenses
$225K
Net assets
$-19K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-5153607 Public charity (501(c)(3)) Santa Cruz, CA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Publishing a journal and running programs to promote poetry and West Coast writers.
Leadership
Catherine Segurson · Executive Director · $90K
Money in and out
$222K revenue, $225K expenses
Bottom line
91% program efficiency
Where the money goes · FY2022
Total revenue
$222K
Pt VIII · Ln 12
Total expenses
$225K
Pt IX · Ln 25
Net assets
$-19K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$3K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.08 Fundraising $0.00
Program efficiency
91%
of spending reaches programs
Operating runway
-0.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-1%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$222K
FY2022▼ -7%
Expenses
$225K
FY2022▼ -12%
Total assets
$8K
FY2022
Total liabilities
$26K
FY2022▲ +68%
Total revenue
$222K
Pt VIII · Ln 12
Total expenses
$225K
Pt IX · Ln 25
Net assets
$-19K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$3K
Total assetsPt X · Ln 16$8K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

2 program services account for $206K of program spending, described in the organization's own filed words · FY2022.
01

attended in-person workshops, lectures and craft talks, working in intensives with published poets and authors.

$206Kprogram expense
02

Published and distributed 4 quarterly editions of the literary journal Catamaran. Each edition was 144 pages in length and featured the new work of 182 contributors in poetry, fiction, translation, fine art and creative nonfiction.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCatamaran Literary Reader
EINHdr · item D45-5153607
Principal addressHdr · item CSanta Cruz, CA
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A33)
Ruling yearIRS BMFSep 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$90,000Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Catherine Segurson’s $90K as Executive Director is at the 82nd percentile of top reported officer pay among 2213 $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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Catherine Segurson$89,724$79,500$90,000$85,402$79,000

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.

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Statement of Revenue

Part VIII
Contributions & grants$213K · 96%
Program service revenue$49K · 22%
Contributions & grants96%$213K
Program service revenue22%$49K
— government grantsLn 1e$60K
Total revenueLn 12$222K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.08 Fundraising $0.00
Program services91%$206K
Management & general8%$19K
Fundraising$886
Total functional expensesLn 25$225K

Balance Sheet

Part X · end of year
CashLn 1$-2K
Total assetsLn 16$8K
Total liabilitiesLn 26$26K
Total net assetsLn 32$-19K
Months of cash on handcomputed-0.1

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $-2K · Operating expenses/yr $225K
-0.1 months
Where the money goes
Program services
Program services $206K · Total expenses $225K
91%
Management & General
Management & general $19K · Total expenses $225K
8%
Fundraising
Fundraising $886 · Total expenses $225K
0.4%
Cost to raise $1
Fundraising expense (3-yr avg) $1K · Solicited contributions (3-yr avg) $155K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $213K · Total revenue $222K
96%
Government reliance
Government grants $60K · Total revenue $222K
27%
Earned-income share
Program service revenue $49K · Total revenue $222K
22%
Investment reliance
Investment income $0 · Total revenue $222K
0%
Program self-sufficiency
Program service revenue $49K · Total expenses $225K
22%
Growth & trend
Revenue growth (YoY)
This year $222K · Prior year $239K
-7%
Net-asset trend (YoY)
End of year $-19K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $222K · Expenses $225K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $8K
Net-asset ratio
Net assets $-19K · Total assets $8K
-238%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $8K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Catherine Segurson · Reported title Executive Director · Highest reported compensation $90K · Total expenses $225K
40%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $100K · Total expenses $225K
44%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 8%
Fundraising cost ratio 0.4%
Revenue growth -7%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 2 funders$11K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$179K revenue · ⤓ 990 PDF
FY2023$225K revenue · ⤓ 990 PDF
FY2022$222K revenue · viewing · ⤓ 990 PDF
FY2021$239K revenue · ⤓ 990 PDF
FY2020$178K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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