The Poetry Foundation

Organization Overview

The Poetry Foundation is located in Chicago, IL. The organization was established in 1946. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Poetry Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Poetry Foundation generated $70.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.2% each year . All expenses for the organization totaled $13.5m during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Poetry Foundation has awarded 2,892 individual grants totaling $10,931,995. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

POETRY PUBLIC PROGRAMS, EDUCATION, PRIZES AND AWARDS: THE FOUNDATION OFFERS AN ARRAY OF PROGRAMS TO EXPAND THE AUDIENCE FOR POETRY. IN EARLY 2021 THE FOUNDATION'S BUILDING REMAINED CLOSED IN RESPONSE TO THE PANDEMIC FOR IN-PERSON ACTIVITIES. THE STAFF FOCUSED ON CREATING VIRTUAL PROGRAMMING FOR AUDIENCES IN CHICAGO AND BEYOND. IN THIS TIME WE PRESENTED 26 VIRTUAL EVENTS FOR YOUTH AND ADULTS, 147 ONLINE WORKSHOPS, AND A MULTI-DAY VIRTUAL TEACHERS INSTITUTE. POETRY OUT LOUD, A NATIONAL HIGH SCHOOL RECITATION COMPETITION, COMPLETED ITS 17TH YEAR. WE AWARDED ANNUAL PRIZES, INCLUDING THE LILLY POETRY PRIZE AND FIVE LILLY-ROSENBERG FELLOWSHIPS. ALL VIRTUAL PROGRAMS WERE FREE TO THE PUBLIC.


POETRYFOUNDATION.ORG EXPANDS POETRY'S AUDIENCE BEYOND THE PAGE BY OFFERING A WIDE RANGE OF CONTENT THAT ENGAGES WITH THE ART FORM, INCLUDING THE LARGEST, FREE ONLINE ARCHIVE OF POETRY. THE WEBSITE OFFERS ARTICLES, POETRY COLLECTIONS, PODCASTS, OVER 45,000 POEMS, AND A FULL DIGITAL ARCHIVE OF POETRY MAGAZINE FREE TO READ. NEW CONTENT IS ADDED TO THE WEBSITE WEEKLY, INCLUDING FEATURES ON NEW POETRY COLLECTIONS, BOOK REVIEWS, POETS BLOGGING ON A RANGE OF TOPICS, ARTICLES FOR EDUCATORS, AND POETRY FOR CHILDREN. IN 2021 OUR WEBSITE GREETED AN AVERAGE 4.5 MILLION MONTHLY WEB VISITORS. OUR NEWSLETTERS HAD OVER 120,000 SUBSCRIBERS.


"POETRY" MAGAZINE (EXPENSE IS NET OF $968,017 PROGRAM REVENUE) ESTABLISHED IN 1912. POETRY MAGAZINE CONTINUES TO PRESENT THE BEST NEW POETRY WRITTEN BY DISTINGUISHED POETS, AND ALSO WORKS TO DISCOVER AND PRESENT EMERGING, NEW WRITERS, WITH APPROXIMATELY 70% OF EACH ISSUE PUBLISHING A POET FOR THE FIRST TIME IN THE MAGAZINE. THE MAGAZINE ALSO FOCUSES ON CURRENT ISSUES RELATING TO POETRY IN THE CULTURE, AS WELL AS PRESENTING CRITICAL EXCHANGES, DEBATES, REVIEWS, AND SPECIAL FEATURES. IN 2021, WHEN THE MAGAZINE REVISED THE MANNER IN WHICH IT RECORDED SUBMISSIONS RECEIVED, THE MAGAZINE RECEIVED AND READ 16,528 POETRY SUBMISSIONS PACKETS (AVERAGE FOUR POEMS PER PACKET) AND 201 PROSE SUBMISSIONS, FROM WHICH IT PUBLISHED 474 POEMS AND 17 PROSE PIECES IN 11 ISSUES. CIRCULATION THIS YEAR EXCEEDED 30,000, WITH SUBSCRIBERS FROM 40 COUNTRIES. POETRY WAS RANKED NUMBER ONE IN THE 2021 PERPETUAL FOLLY LITERARY MAGAZINE RANKING FOR POETRY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
The Sheridan Press Inc
$649,526
Flowers Communications Group Inc
$282,452
Lord Cultural Resources
$260,900
Lawrence T Mangan
$226,568
Table Xi Partners Llc
$175,934
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $51,104
Interest on Savings $0
Dividends & Interest $7,477,480
Net Rental Income$0
Net Gain on Sale of Assets $61,837,230
Capital Gain Net Income $62,366,268
Net ST Capital Gain $418,040
Income Modifications $0
Profit on Inventory Sales $0
Other Income $968,017
Total Revenue $70,333,831

Grants Awarded

Over the last fiscal year, The Poetry Foundation has awarded $1,997,470 in support to 280 organizations.

Grant RecipientAmount

MINNESOTA PUBLIC RADIO

Org PageRecipient Profile

St Paul, MN

PURPOSE: THE SLOWDOWN SPONSORSHIP

$112,500

MINNESOTA PUBLIC RADIO

Org PageRecipient Profile

St Paul, MN

PURPOSE: THE SLOWDOWN SPONSORSHIP

$112,500

VERSE VIDEO EDUCATION INC

PURPOSE: POETRY IN AMERICA 2022

$100,000

UNIVERSITY OF NEBRASKA

PURPOSE: AMERICAN LIFE IN POETRY

$40,235

UNIVERSITY OF NEBRASKA

PURPOSE: AMERICAN LIFE IN POETRY

$40,235

NATIONAL POETRY SERIES

Org PageRecipient Profile

Princeton, NJ

PURPOSE: POETRY PROGRAMMING

$30,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that The Poetry Foundation has recieved totaling $14,800.

Awarding OrganizationAmount
Graham And Carolyn Holloway Foundation

Colleyville, TX

PURPOSE: LITERARY SOCIETY

$10,000
$4,800
View Grant Recipient Profile

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