Poets & Writers Inc
- Assets
- $9.0m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 27
- Location
- New York, NY
- Founding
- 07/1971
- Data as of
- 06/2022
- EIN
- 13-2682458
Organization Overview
Poets & Writers Inc is located in New York, NY. The organization was established in 1971. As of 06/2022, Poets & Writers Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Poets & Writers Inc 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 06/2022, Poets & Writers Inc generated $4.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $4.7m during the year ending 06/2022. While expenses have increased by 2.5% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER THE PROFESSIONAL DEVELOPMENT OF POETS AND WRITERS, TO PROMOTE COMMUNICATION THROUGHOUT THE LITERARY COMMUNITY, AND TO HELP CREATE AN ENVIRONMENT IN WHICH LITERATURE CAN BE APPRECIATED BY THE WIDEST POSSIBLE PUBLIC.
Describe the Organization's Program Activity:
POETS & WRITERS MAGAZINE IS THE LEADING PUBLICATION FOR POETS AND WRITERS OF LITERARY PROSE. PUBLISHED SIX TIMES A YEAR, IT DELIVERS TO ITS READERS PROFILES OF NOTED AUTHORS AND PUBLISHING PROFESSIONALS, PRACTICAL HOW-TO ARTICLES, AND THE MOST COMPREHENSIVE LIST OF GRANTS AND AWARDS AVAILABLE IN PRINT. POETS & WRITERS MAGAZINE HAS OVER 60,000 PAID SUBSCRIBERS; IT IS ALSO SOLD ON NEWSSTANDS NATIONWIDE; READERSHIP IS OVER 100,000.
THE READINGS & WORKSHOPS PROGRAM MAKES MINI-GRANTS TO WRITERS WHO PARTICIPATE IN PUBLIC LITERARY EVENTS AND PROVIDES TECHNICAL ASSISTANCE TO EVENT ORGANIZERS. THE PROGRAM SUPPORTS EVENTS TAKING PLACE IN NEW YORK AND CALIFORNIA, AS WELL AS EIGHT CITIES OUTSIDE THESE STATES: ATLANTA, CHICAGO, DETROIT, HOUSTON, NEW ORLEANS, SEATTLE, TUCSON, AND WASHINGTON, D.C. MAPPING THE MAZE IS AN ONLINE WORKSHOP THAT DEMYSTIFIES THE PUBLISHING PROCESS TO HELPS WRITERS CHART A PATH TO PUBLICATION. IT INTRODUCES WRITERS FROM AROUND THE COUNTRY TO AGENTS, EDITORS, AND OTHER PUBLISHING PROFESSIONALS. UNITED STATES OF WRITING IS AN INITIATIVE TO EXTEND OUR SERVICE TO WRITERS NATIONWIDE, ESPECIALLY BIPOC WRITERS AND OTHERS FROM HISTORICALLY MARGINALIZED GROUPS. UNITED STATES OF WRITING FOCUSES ON WRITERS IN DETROIT, HOUSTON, AND NEW ORLEANS, AND WILL EXPAND TO MORE CITIES IN FUTURE YEARS. POETS & WRITERS ALSO SPONSORS TWO PROMINENT LITERARY AWARDS: THE MAUREEN EGEN WRITERS EXCHANGE AWARD AND THE JACKSON POETRY PRIZE.
POETS & WRITERS WEBSITE, PW.ORG, OFFERS SELECT CONTENT FROM POETS & WRITERS MAGAZINE AS WELL AS ONLINE-ONLY EDITORIAL FEATURES AND A SUITE OF CAREFULLY VETTED DATABASES OF WRITING CONTESTS, LITERARY MAGAZINES, SMALL PRESSES, LITERARY AGENTS, MFA PROGRAMS, REVIEW OUTLETS, AND MORE. ALSO ONLINE ARE THE POETS & WRITERS DIRECTORY, WHICH LISTS MORE THAN 11,000 PUBLISHED WRITERS, AND POETS & WRITERS GROUPS, A PEER-TO-PEER NETWORKING TOOL THAT ENABLES WRITERS TO FORM, JOIN, AND MANAGE WRITING GROUPS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Gradel Executive Dir. | Officer | 40 | $197,821 |
Kevin Larimer Editor-In-Chief | 40 | $130,129 | |
Tim O'sullivan Assoc. Publisher | 40 | $105,894 | |
Willys Schneider Kals Treasurer | OfficerTrustee | 0.5 | $0 |
Amy Berkower President | OfficerTrustee | 0.5 | $0 |
Helen Macioce Secretary | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $819,429 |
| Related organizations | $0 |
| Government grants | $445,650 |
| All other contributions, gifts, grants, and similar amounts not included above | $822,945 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,088,024 |
| Total Program Service Revenue | $2,166,907 |
| Investment income | $139,425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $471,894 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,923,275 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $254,185 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $220,791 |
| Compensation of current officers, directors, key employees. | $55,198 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,430,242 |
| Pension plan accruals and contributions | $6,860 |
| Other employee benefits | $277,960 |
| Payroll taxes | $121,272 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $38,500 |
| Fees for services: Investment Management | $69,718 |
| Fees for services: Other | $506,456 |
| Advertising and promotion | $446,165 |
| Office expenses | $17,226 |
| Information technology | $53,428 |
| Royalties | $0 |
| Occupancy | $404,740 |
| Travel | $11,661 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,992 |
| Insurance | $16,180 |
| All other expenses | $34,780 |
| Total functional expenses | $4,714,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $666,007 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $205,748 |
| Accounts receivable, net | $248,456 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $88,457 |
| Net Land, buildings, and equipment | $41,963 |
| Investments—publicly traded securities | $7,622,916 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $78,006 |
| Total assets | $8,951,553 |
| Accounts payable and accrued expenses | $417,080 |
| Grants payable | $0 |
| Deferred revenue | $714,362 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $254,046 |
| Total liabilities | $1,385,488 |
| Net assets without donor restrictions | $1,448,151 |
| Net assets with donor restrictions | $6,117,914 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,951,553 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Poets & Writers Inc has recieved totaling $104,442.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $40,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $19,350 |
The Poetry Foundation Chicago, IL PURPOSE: EMERGENCY GRANT | $15,000 |
Hieronymus Foundation Inc Tampa, FL PURPOSE: GENERAL OPERATIONS | $10,000 |
The Central National-Gottesman Foundation Purchase, NY PURPOSE: GENERAL PURPOSE | $10,000 |
Brad Meltzer And Cori Flam Charitable Trust Hollywood, FL PURPOSE: TO FURTHER THE MISSION OF THE ORGANIZATION. | $5,000 |
Endowment Analysis
| Beg. Balance | $8,563,039 |
| Earnings | -$791,873 |
| Net Contributions | $81,750 |
| Other Expense | $230,000 |
| Ending Balance | $7,622,916 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Literary Classics Of The United States Inc New York, NY | $32,475,122 | $7,761,557 |
Poets & Writers Inc New York, NY | $8,951,553 | $4,923,275 |
Tricycle Foundation Inc New York, NY | $2,370,095 | $3,225,957 |
Poets House Inc New York, NY | $8,003,278 | $1,599,179 |
Just Buffalo Literary Center Inc Buffalo, NY | $1,228,865 | $1,014,497 |
Atled Inc Arverne, NY | $346,965 | $992,368 |
Jewish Book Council New York, NY | $2,325,151 | $1,238,406 |
Pittsburgh Arts & Lectures Inc Pittsburgh, PA | $5,949,757 | $1,196,864 |
Writers And Books Inc Rochester, NY | $929,486 | $636,824 |
Nuyorican Poets Cafe Inc New York, NY | $25,372,996 | $4,917,152 |
Thoreau Society Inc Concord, MA | $424,719 | $499,367 |
Bloomsburg Public Library Bloomsburg, PA | $4,222,043 | $456,128 |