The Poetry Foundation
- Assets
- $294.2m
- Revenue
- $18.3m
- Investments
- $268.9m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 11/1946
- Data as of
- 12/2019
- EIN
- 36-2490808
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.
For the year ending 12/2019, Poetry Foundation generated $18.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $12.0m during the year ending 12/2019. While expenses have increased by 4.4% per year over the past 5 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 2,574 individual grants totaling $7,667,922. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
POETRY PUBLIC PROGRAMS, EDUCATION, PRIZES AND AWARDS
POETRYFOUNDATION.ORG
"POETRY" MAGAZINE (EXPENSE IS NET OF $714 K PROGRAM REVENUE)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 2 | $0 | |
Harlan Wallach Digital Dir Cto | 35 | $182,236 | |
Don Share Poetry Editor | 35 | $124,320 | |
Steven Young Program Director | 35 | $120,554 | |
Sarah Whitcher Media Director | 35 | $118,679 | |
Ydalmi Noriega Dir Community | 35 | $79,649 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Sheridan Press Inc | 12/30/19 | $292,167 |
Table Xi Partners Llc | 12/30/19 | $287,925 |
Ecogeek Llc | 12/30/19 | $212,750 |
Cenveo Worldwide Limited | 12/30/19 | $195,530 |
One Design Company | 12/30/19 | $177,266 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $153,276 |
| Interest on Savings | $482 |
| Dividends & Interest | $6,395,248 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,970,964 |
| Capital Gain Net Income | $10,369,620 |
| Net ST Capital Gain | $228,656 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $775,440 |
| Total Revenue | $18,295,410 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $645,311 |
| Other employee salaries and wages | $1,905,281 |
| Pension plans, employee benefits | $585,174 |
| Interest | $0 |
| Taxes | $164,546 |
| Depreciation | $928,630 |
| Occupancy | $1,045,172 |
| Travel, conferences, and meetings | $800,106 |
| Printing and publications | $1,565,090 |
| Other expenses | $1,699,852 |
| Total operating and administrative expenses | $10,638,385 |
| Contributions, gifts, grants paid | $1,353,865 |
| Total expenses and disbursements | $11,992,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,378,446 |
| Savings and temporary cash investments | $34,138 |
| Net Accounts receivable | $78,136 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $595,757 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $56,310,744 |
| Net Land, buildings, and equipment | $18,468,329 |
| Other assets | $4,746,075 |
| Total assets | $294,153,882 |
| Accounts payable and accrued expenses | $312,078 |
| Grants payable | $222,024 |
| Deferred revenue | $613,365 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $12,356,074 |
| Other liabilities | $0 |
| Total liabilities | $13,503,541 |
Grants Awarded
Over the last fiscal year, The Poetry Foundation has awarded $1,366,950 in support to 274 organizations.
| Grant Recipient | Amount |
|---|---|
MARILYN RAE NELSON PURPOSE: RUTH LILLY POETRY PRIZE | $100,000 |
VERSE VIDEO EDUCATION INC PURPOSE: GENERAL SUPPORT OF POETRY PROGRAMS | $100,000 |
AMERICAN PUBLIC MEDIA PURPOSE: SUPPORT FOR THE SLOWDOWN | $70,000 |
Chicago, IL PURPOSE: EVENT SUPPORT | $50,000 |
Chicago, IL PURPOSE: EVENT SUPPORT | $50,000 |
Chicago, IL PURPOSE: GENERAL SUPPORT OF POETRY PROGRAMS | $42,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Poetry Foundation has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
John S And James L Knight Foundation Inc Miami, FL PURPOSE: TO OFFER, IN COLLABORATION WITH O, MIAMI, A COMPLIMENTARY WEEK-LONG SUMMER POETRY TEACHERS INSTITUTE IN 2019 AND 2020 TO 90 K-12 AND COMMUNITY COLLEGE EDUCATORS FROM MIAMI-DADE COUNTY. | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Poetry Foundation Chicago, IL | $294,153,882 | $18,295,410 |
Loretto Literary & Benevolent Institution Nerinx, KY | $3,624,144 | $8,800,817 |
Illinois Humanities Council Incorporated Chicago, IL | $1,157,091 | $2,426,403 |
National Forensic League West Des Moines, IA | $5,499,014 | $3,952,491 |
American Writers Museum Chicago, IL | $5,446,390 | $3,006,275 |
Missouri Humanities Council St Charles, MO | $1,623,263 | $2,260,679 |
Theosophical Society In America Wheaton, IL | $17,610,316 | $2,274,224 |
Missouri Automobile Dealers Association Jefferson City, MO | $2,268,544 | $1,840,407 |
Latinos Progresando Chicago, IL | $2,092,730 | $2,110,273 |
Wisconsin Humanities Council Madison, WI | $270,748 | $1,308,242 |
The Clearing Ellison Bay, WI | $2,401,136 | $1,434,600 |
Wisconsin Academy Of Sciences Arts & Letters Madison, WI | $428,225 | $1,006,659 |