The Esopus Foundation Ltd
- Assets
- $44.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Brooklyn, NY
- Founding
- 06/2004
- Data as of
- 12/2023
- EIN
- 75-3115715
Organization Overview
The Esopus Foundation Ltd is located in Brooklyn, NY. The organization was established in 2004. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Esopus Foundation Ltd employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Esopus Foundation Ltd 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 12/2023, Esopus Foundation Ltd generated $89.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $127.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ESOPUS FOUNDATION LTD. IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION INCORPORATED IN NEW YORK STATE IN 2003 WITH THE MISSION OF PROVIDING AN UNMEDIATED FORUM THROUGH WHICH ARTISTS, WRITERS, MUSICIANS, AND OTHER CREATIVE PEOPLE CAN MAKE A DIRECT CONNECTION WITH THE GENERAL PUBLIC. FROM ITS INCEPTION UNTIL 2018, THE FOUNDATION WAS PRIMARILY DEVOTED TO THE PUBLISHING OF ESOPUS, AN ANNUAL PUBLICATION EDITED BY FOUNDER TOD LIPPY FEATURING CONTENT FROM ALL CREATIVE DISCIPLINES PRESENTED IN AN UNMEDIATED FORMAT. ESOPUS NEVER FEATURED ADVERTISEMENTS OR COMMERCIALLY DRIVEN EDITORIAL MATERIAL, AND IT EMPLOYED A PURPOSEFULLY NEUTRAL EDITORIAL VOICE IN ORDER TO MAKE THE MAGAZINE A DISTRIBUTOR, RATHER THAN INTERPRETER, OF ITS CONTENT. THE FOUNDATION ALSO REGULARLY PROGRAMS PUBLIC EVENTS AT MUSEUMS, GALLERIES, BOOKSTORES, AND PERFORMANCE SPACES THROUGHOUT NEW YORK CITY, INCLUDING ESOPUS SPACE, THE GREENWICH VILLAGE VENUE THAT WAS OPERATED BY THE FOUNDATION FROM 2009 TO 2012. IN SEPTEMBER 2018, THE FOUNDATION SUSPENDED THE PUBLICATION OF ESOPUS AND HAS SINCE SHIFTED ITS FOCUS TO BOOK PUBLISHING, EVENT PROGRAMMING, AND DISTRIBUTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tod Lippy President | 40 | $36,000 | |
Monroe Denton Secretary | 1 | $0 | |
John Melick Director | 1 | $0 | |
Kay Rosen Director | 1 | $0 | |
Howard Seligman Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,975 |
| Total Program Service Revenue | $9,676 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $8,044 |
| Total Revenue | $89,698 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $67,152 |
| Professional fees and other payments to independent contractors | $3,600 |
| Occupancy, rent, utilities, and maintenance | $3,571 |
| Printing, publications, postage, and shipping | $5,910 |
| Other expenses | $47,562 |
| Total expenses | $127,795 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,300 |
| Other assets | $0 |
| Total assets | $44,065 |
| Total liabilities | $11,090 |
| Net assets or fund balances | $32,975 |