Foster an appreciation of and passion for the literary arts through various programs

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$66K 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $285K a year · 54% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$66K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
30 mo
of spending, in cash
Looks good: 30.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $13K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$14K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$776K
+284% vs prior year
Spent
$234K
To programs
89%
Net assets
$695K
By yearFY2020–FY2023
Revenue
$776K
FY2021▲ +284%
Tap a bar for its year
Revenue by fiscal year
FY2020$202K
FY2021$776K
FY2022$1.1M
FY2023$53K
Expenses
$234K
FY2021▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$199K
FY2021$234K
FY2022$315K
FY2023$235K
Net assets
$695K
FY2021▲ +354%
Tap a bar for its year
Net assets by fiscal year
FY2020$153K
FY2021$695K
FY2022$1.4M
FY2023$1.4M

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 (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in May 2018.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $209K Management & general 5% · $12K Fundraising 6% · $13K

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

5 people listed on the 990; $66K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$66,000Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Sean Murphy$74,750$66,000$62,500

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

Promotes literary arts appreciation and passion through diverse programs.

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Provided by the organization

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1 program · $209K · in their own filed words · FY2021
01

We've continued to provide diverse and inclusive programming, all virtual and free. In addition to our monthly author series and our regular "14:55 interview" podcast, we have our annual summer festival, featuring over 200 speakers and 60 panels, free to all and virtual over 3 days in july.

$209Kprogram 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 · FY2022

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$776K
Ln 12
Gifts and grantsLn 1h$776K
Investment incomeLn 3$36
Other incomeLn 4–11$9
Money outPt IX
$234K
Ln 25
Programscol B$209K
Managementcol C$12K
Fundraisingcol D$13K
Owns and owesPt X
$695K
net assets · Ln 32
Cash and savingsLn 1–2$588K
Total assetsLn 16$709K
LiabilitiesLn 26$14K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$776K
Government grantsLn 1e$21K
Investment incomeLn 3$36
Other incomeLn 4–11$9
Total revenueLn 12$776K
Assets in detailPt X, end of year
CashLn 1$588K
Cash and savings togetherLn 1–2$588K
InvestmentsLn 11–13$6K
Land, buildings, equipmentLn 10c$22K
Total assetsLn 16$709K
LiabilitiesLn 26$14K
Net assetsLn 32$695K
OperationsPt I, VI
EmployeesI 51
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$43K$588K
InvestmentsLn 11–13$6K$6K
Land, buildings, equipmentLn 10c$26K$22K
Total assetsLn 16$167K$709K
LiabilitiesLn 26$14K$14K
Net assetsLn 32$153K$695K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$66K$53K$7K$7K
Payroll taxesLn 10$5K$4K$505$505
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$92K$91K$1K
Advertising and promotionLn 12$3K$3K
OccupancyLn 16$28K$28K
TravelLn 17$21K$16K$6K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$800$800
Other expenses (24a–d)Ln 24$12K$12K
All other expensesLn 24e$848$848
Total functional expensesLn 25$234K$209K$12K$13K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $53K$235K−$182K$1.4M 990 PDF
FY2022 $1.1M$315K$778K$1.4M 990 PDF
FY2021 Viewing $776K$234K$542K$695K 990 PDF
FY2020 $202K$199K$3K$153K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $776,264 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $202,149$776,219
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $39$36
I-11 Other revenuePrior year $0$9
I-12 Total revenuePrior year $202,188$776,264
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 $67,281$71,049
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $132,119$163,135
I-18 Total expensesPrior year $199,400$234,184
I-19 Revenue less expensesPrior year $2,788$542,080
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $776,264 across 6 lines filed
VIII-1e Government grants$20,570
VIII-1f All other contributions, gifts and grants$755,649
VIII-1h Total contributions, gifts and grants$776,219
VIII-3 Investment incomeExcluded from tax $36$36
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $9$9
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $45$776,264
Part IX · Statement of functional expenses $234,184 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $52,800 · Management $6,600 · Fundraising $6,600$66,000
IX-10 Payroll taxesPrograms $4,039 · Management $505 · Fundraising $505$5,049
IX-11c Accounting feesManagement $3,492$3,492
IX-11g Other fees for servicesPrograms $91,026 · Management $1,297$92,323
IX-12 Advertising and promotionPrograms $3,231$3,231
IX-16 OccupancyPrograms $27,758$27,758
IX-17 TravelPrograms $15,587 · Fundraising $5,857$21,444
IX-22 Depreciation, depletion and amortizationPrograms $1,545$1,545
IX-23 InsurancePrograms $800$800
IX-24 Other expenses (24a–d)Programs $11,694$11,694
IX-24e All other expensesPrograms $848$848
IX-25 Total functional expensesPrograms $209,328 · Management $11,894 · Fundraising $12,962$234,184
Part X · Balance sheet $708,644 assets, 8 lines filed
Asset lines not itemized here account for $92,700; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $42,694$588,319
X-10c Land, buildings and equipment, netStart of year $25,670$21,625
X-12 Other securitiesStart of year $6,000$6,000
X-16 Total assetsStart of year $166,564$708,644
X-26 Total liabilitiesStart of year $13,500$13,500
X-27 Net assets without donor restrictionsStart of year $153,064$695,144
X-32 Total net assets or fund balancesStart of year $153,064$695,144
X-33 Total liabilities and net assetsStart of year $166,564$708,644
Part XI · Reconciliation of net assets $695,144 net assets at year end
XI-1 Total revenue$776,264
XI-2 Total expenses$234,184
XI-3 Revenue less expenses$542,080
XI-4 Net assets at start of year$153,064
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$695,144

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

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