Kurt Vonnegut Memorial Library Inc
- Assets
- $2.0m
- Revenue
- $728.5k
- Investments
- $0.0
- Employees
- 18
- Location
- Indianapolis, IN
- Founding
- 12/2009
- Data as of
- 12/2022
- EIN
- 27-0825749
Organization Overview
Kurt Vonnegut Memorial Library Inc is located in Indianapolis, IN. The organization was established in 2009. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Kurt Vonnegut Memorial Library Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kurt Vonnegut Memorial Library 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 12/2022, Kurt Vonnegut Memorial Library Inc generated $728.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A PUBLIC-BENEFIT, NONPROFIT ORGANIZATION CHAMPIONING THE LITERARY, ARTISTIC, AND CULTURAL CONTRIBUTIONS OF THE LATE WRITER, ARTIST, AND INDIANAPOLIS NATIVE, KURT VONNEGUT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KVML IS A PUBLIC-BENEFIT, NONPROFIT ORGANIZATION CHAMPIONING THE LITERARY, ARTISTIC, AND CULTURAL CONTRIBUTIONS OF THE LATE WRITER, KURT VONNEGUT. WE CONDUCT SUICIDE PREVENTION TRAINING, AUTHOR TALKS, POETRY READINGS, A YOUTH WRITING CENTER, VETERANS PROGRAMMING, A READING ROOM, AND A LENDING LIBRARY. THE LIBRARY SERVES AS A CULTURAL AND EDUCATIONAL RESOURCE FACILITY, MUSEUM, AND ART GALLERY, PROVIDING AN ART GALLERY, MUSEUM, VENUE FOR FREE SPEECH DIALOGUE, AND A SHOP TO HIGHLIGHT THE LIFE OF KURT VONNEGUT THROUGH RESEARCH, ENTERTAINMENT, COMMUNITY OUTREACH AND DISCUSSION. DURING 2022, KVML CELEBRATED VONNEGUT'S 100TH BIRTHDAY AND SERVED 25,000 PEOPLE THROUGH OUR MUSEUM TOURS, FESTIVAL TABLES, EDUCATIONAL PROGRAMMING, EVENTS AND YOUTH WRITING PROGRAM.
VONNEGUT FEST - VONNEGUT FEST IS AN ANNUAL FESTIVAL HIGHLIGHTING VONNEGUT AND HIS INTERESTS RELATED TO ART, MUSIC, HUMOR, AND LITERATURE. THERE ARE SPEAKERS, PERFORMERS, AND SOME EVENTS ARE FREE TO THE PUBLIC. VETERANS RECLAIM ARMISTICE DAY IS ONE PORTION OF THIS DAY. WE HIGHLIGHT CONTRIBUTIONS OF VETERANS. KVML EXPANDED ITS ONLINE PROGRAMMING TO MEET THE DEMANDS OF A GLOBAL IMPORTANT VOICES IN VETERANS ISSUES. 1,200 PEOPLE ATTENDED THIS PROGRAMMING IN 2022.
BY CREATING A "VIRTUAL MUSEUM" EXPERIENCE FEATURING VIDEOS WITH KVML PROGRAMS SUCH AS GRADUATION PARTIES WITH CELEBRITIES WHERE INDIVIDUAL GRADUATES NAMES WERE READ AND VONNEGUT'S GRADUATION SPEECHES WERE READ BY CELEBRITIES. KVML HOSTED ITS ANNUAL BANNED BOOKS WEEK AND HIGHLIGHTED VONNEGUT'S ENVIRONMENTALISM WITH A VARIETY OF IN-PERSON AND VIRTUAL PROGRAMS. KVML ALSO CONTINUED ITS YOUTH WRITING PROGRAM IN INDIANAPOLIS PUBLIC SCHOOLS THROUGH IN PERSON AND VIRTUAL MENTORING SESSIONS WITH STUDENTS. THIS PROGRAM WILL CONTINUE INTO FUTURE YEARS AND IS EXPANDING TO OTHER INDIANAPOLIS PUBLIC SCHOOLS. IN 2022, KVML PIVOTED FROM VIRTUAL PROGRAMMING BECAUSE AUDIENCES WERE TIRING FROM SCREENS. WE OFFERED HYBRID FOR MANY PROGRAMS INCLUDING PORTIONS OF ONE GALA. WE HAD APPROXIMATELY 4,700 VIEWERS COMBINED FOR THIS PROGRANMIMG.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia Whitehead Executive Director | OfficerTrustee | 40 | $117,840 |
Lewis Black Chair | OfficerTrustee | 1 | $0 |
Terrian Barnes Vice Chair | OfficerTrustee | 1 | $0 |
Ashley Christie Treasurer | OfficerTrustee | 1 | $0 |
Fred Biesecker Secretary | OfficerTrustee | 1 | $0 |
William Rodney Allen PHD Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $121,138 |
| All other contributions, gifts, grants, and similar amounts not included above | $394,680 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $515,818 |
| Total Program Service Revenue | $111,501 |
| Investment income | $1,752 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $99,442 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $728,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| 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. | $124,210 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $325,784 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,330 |
| Payroll taxes | $33,972 |
| Fees for services: Management | $12,000 |
| Fees for services: Legal | $6,784 |
| Fees for services: Accounting | $29,573 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,837 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $317,967 |
| Advertising and promotion | $52,093 |
| Office expenses | $69,771 |
| Information technology | $15,176 |
| Royalties | $0 |
| Occupancy | $182,624 |
| Travel | $41,633 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $119,745 |
| Interest | $75 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,525 |
| Insurance | $13,495 |
| All other expenses | $18,888 |
| Total functional expenses | $1,487,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,603 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $119,259 |
| Accounts receivable, net | $27,365 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $58,391 |
| Prepaid expenses and deferred charges | $8,199 |
| Net Land, buildings, and equipment | $1,474,935 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $42,750 |
| Other assets | $0 |
| Total assets | $2,003,502 |
| Accounts payable and accrued expenses | $104,925 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $104,925 |
| Net assets without donor restrictions | $1,635,582 |
| Net assets with donor restrictions | $262,995 |
| 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 | $2,003,502 |