Poets House Inc
- Assets
- $8.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 10
- Location
- New York, NY
- Founding
- 08/1985
- Data as of
- 12/2021
- EIN
- 13-3255098
Organization Overview
Poets House Inc is located in New York, NY. The organization was established in 1985. As of 12/2021, Poets House Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Poets House 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 12/2021, Poets House Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A LIBRARY AND MEETING PLACE THAT INVITES POETS AND THE PUBLIC INTO THE LIVING TRADITION OF POETRY, OFFERING POETRY BOOKS AND RESOURCES, LITERARY EVENTS AND EDUCATION PROGRAMS TO DOCUMENT THE DIVERSITY OF MODERN POETRY AND STIMULATE DIALOGUE ON ISSUES OF POETRY IN CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POETS HOUSE LIBRARY AND SHOWCASE:THE POETS HOUSE LIBRARY IS AMONG THE MOST COMPREHENSIVE COLLECTIONS OF POETRY AVAILABLE TO THE PUBLIC ANYWHERE IN THE COUNTRY. WHILE PRESENTLY CLOSED FOR FLOOD REPAIR, THE 70,000 VOLUME COLLECTION IS GENERALLY OPEN TO EVERYONE FREE OF CHARGE, IN OPEN STACKS. MULTIMEDIA RECORDINGS FROM 32 YEARS OF PAST POETS HOUSE EVENTS ARE AVAILABLE ON THE WEBSITE. DURING 2021 POETS HOUSE CONTINUED TO COLLECT AND CATALOG MATERIALS FOR ITS NEXT SHOWCASE, WHICH WILL BE AN EXHIBIT OF ALL THE NEW BOOKS OF POETRY PUBLISHED IN THE UNITED STATES SINCE 2020. LED BY INTERIM DIRECTOR CORENLIUS EADY, THE ORGANIZATION EMBARKED ON AN EXTENSIVE LISTENING CAMPAIGN WITH STAKEHOLDERS AND THE PUBLIC TO CHART THE FUTURE DIRECTION OF LIBRARY DIGITIZATION AND SERVICES. THROUGH PUBLISHER AND INDIVIDUAL DONATIONS, POETS HOUSE ADDED OVER 4,000 BOOKS AND SPECIAL COLLECTION ITEMS TO ITS PERMANENT COLLECT IN 2021.
LITERARY PROGRAMS:DURING 2021 POETS HOUSE EMBARKED ON AN IN-DEPTH LISTENING CAMPAIGN TO ENGAGE WITH STAKEHOLDERS AND THE COMMUNITY ON THE FUTURE DIRECTION OF PROGRAM OFFERINGS. POETS HOUSE ALSO LAUNCHED THE HARD HAT READING SERIES, A BI-WEEKLY SERIES OF POETS READING AMIDST THE CONSTRUCTION. OVER A HUNDRED THOUSAND PEOPLE ENJOYED THE POETS HOUSE POETRY PATH IN BATTERY PARK CITY AS THEY USED THE PARK AND GREENWAY. BIOGRAPHICAL MATERIAL AND RECORDINGS OF POETS FEATURED ON THE PATH WERE MADE AVAILABLE ON THE WEBSITE.
THE CHILDREN'S ROOM AT POETS HOUSE:WHEN POETS HOUSE REOPENS, THE CHILDREN'S ROOM WILL AGAIN OFFER CHILDREN AND TEENS A WAY TO EXPLORE LANGUAGE AS A VEHICLE FOR THE IMAGINATION, A MEANS OF SELF-EXPRESSION AND A PATHWAY TO UNDERSTANDING. THE CHILDREN'S ROOM USUALLY WELCOMES OVER 10,000 CHILDREN, YOUTH AND EDUCATORS EACH YEAR, WITH FREE CLASS TRIPS, FAMILY READING TIMES, AND A WEEKLY TINY POETS TIME. THE ORGANIZATION PLANS TO RESUME THESE SERVICES AS WELL AS POETRY AND WRITING INSTRUCTION FOR ELEMENATRY AND HIGH SCHOOL STUDENTS WHEN IT REOPENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Briccetti Executive Director | Officer | 40 | $125,020 |
Jane Preston Managing Director | Officer | 40 | $120,060 |
Margo Viscusi President Emerita | OfficerTrustee | 1 | $0 |
Adrian Ellis Secretary (through Mar2021) | OfficerTrustee | 1 | $0 |
Martin Gomez Treasurer (as Of Mar2021) | OfficerTrustee | 1 | $0 |
Robert Kissane Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $208,950 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,056,531 |
| Noncash contributions included in lines 1a–1f | $292,356 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,265,481 |
| Total Program Service Revenue | $28,738 |
| Investment income | $25,796 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,254 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,599,179 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $455,856 |
| Compensation of current officers, directors, key employees. | $204,131 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,453 |
| Pension plan accruals and contributions | $11,388 |
| Other employee benefits | $0 |
| Payroll taxes | $26,254 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,246 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,517 |
| Fees for services: Other | $176,898 |
| Advertising and promotion | $0 |
| Office expenses | $14,819 |
| Information technology | $28,688 |
| Royalties | $0 |
| Occupancy | $39,098 |
| Travel | $6,672 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,605 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $200,464 |
| Insurance | $19,788 |
| All other expenses | $3,419 |
| Total functional expenses | $1,252,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $451,738 |
| Savings and temporary cash investments | $697,418 |
| Pledges and grants receivable | $561,893 |
| Accounts receivable, net | $50 |
| 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 | $57,180 |
| Net Land, buildings, and equipment | $5,479,468 |
| Investments—publicly traded securities | $755,531 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,003,278 |
| Accounts payable and accrued expenses | $346,610 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $170,465 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $517,075 |
| Net assets without donor restrictions | $5,461,398 |
| Net assets with donor restrictions | $2,024,805 |
| 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 | $8,003,278 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Poets House Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
The William Brown Foundation Inc New York, NY PURPOSE: GENERAL | $500 |
Endowment Analysis
| Beg. Balance | $787,764 |
| Earnings | $68,476 |
| Other Expense | $30,000 |
| Ending Balance | $826,240 |
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 |