Torch Literary Arts
- Assets
- $126.2k
- Revenue
- $247.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Austin, TX
- Founding
- Data as of
- 12/2023
- EIN
- 87-3480372
Organization Overview
Torch Literary Arts is located in Austin, TX. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Torch Literary Arts employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Torch Literary Arts 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, Torch Literary Arts generated $247.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 49.1% each year . All expenses for the organization totaled $214.4k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE WORK OF BLACK WOMEN BY PUBLISHING CONTEMPORARY CREATIVE WRITING BY EMERGING AND EXPERIENCED WRITERS ALIKE, TO ARCHIVE CONTRIBUTORS' LITERARY WORK FOR POSTERITY AND EDUCATIONAL PURPOSES, AND PROVIDE RESOURCES AND OPPORTUNITIES FOR THE ADVANCEMENT OF BLACK WOMEN THROUGH LITERARY ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TORCH MAGAZINE: ONLINE LITERARY MAGAZINE THAT PUBLISHES FEATURES MONTHLY ACROSS POETRY, FICTION, CREATIVE NONFICTION, AND SCRIPT (PLAYS AND SCREENPLAYS).
RETREAT: TORCH PROVIDES AN ANNUAL CREATIVE WRITING RETREAT FOR FELLOWS WITH WORKS-IN-PROGRESS ACROSS POETRY, FICTION, CREATIVE NONFICTION, AND SCRIPT (PLAYS AND SCREENPLAYS)
READING SERIES FEATURES NOTABLE AUTHORS AT A PUBLIC READING TO CELEBRATE AND PROMOTE THEIR CURRENT PUBLICATIONS AND ENGAGE THE LOCAL LITERARY COMMUNITY.
SPECIAL EVENTS: READINGS, PANELS, AND CRAFT CONVERSATIONS TO AMPLIFY BLACK WOMEN WRITERS AND INCREASE AWARENESS OF LITERARY ARTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Johnston Executive Director | OfficerTrustee | 40 | $74,750 |
Sequoia Maner Bd Chair (beg Oct 23) | OfficerTrustee | 2 | $0 |
Stephanie Lang Board Secretary (as Of Dec 2023) | OfficerTrustee | 2 | $0 |
Candace Lopez Board Treasurer | OfficerTrustee | 2 | $0 |
Omi Jones Board Member | Trustee | 2 | $0 |
Florinda Bryant Board Chair (jan 2023 To Oct 2023) | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $135,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,694 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $246,694 |
| Total Program Service Revenue | $830 |
| Investment income | $124 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $247,648 |
| 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. | $74,750 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,579 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,368 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,371 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,828 |
| Advertising and promotion | $3,775 |
| Office expenses | $4,320 |
| Information technology | $4,977 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,350 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,056 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,553 |
| All other expenses | $987 |
| Total functional expenses | $214,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,581 |
| Savings and temporary cash investments | $29,633 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $126,214 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $126,214 |
| Total liabilities and net assets/fund balances | $126,214 |