Mercantile Library Association Of The City Of New York, operating under the name The Center For Fiction, is located in Brooklyn, NY. The organization was established in 1936. As of 12/2021, Center For Fiction employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Fiction 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, Center For Fiction generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 11.9% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CENTER FOR FICTION IS TO ENCOURAGE PEOPLE TO READ AND VALUE FICTION AND TO SUPPORT AND CELEBRATE ITS CREATION AND ENJOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR THREE LARGEST SERVICES ARE OUR KIDSREAD/KIDSWRITE PROGRAM; OUR EMERGING WRITERS FELLOWSHIP & FIRST NOVEL PRIZE; AND OUR PUBLIC EVENTS. THESE WERE THE SAME MAIN PROGRAMS FROM PREVIOUS YEARS. DURING PRE-PANDEMIC YEARS KIDSREAD/KIDSWRITE ANNUALLY SERVED 2,500 STUDENTS FROM UNDER-RESOURCED NEW YORK CITY PUBLIC SCHOOLS WITH AUTHOR-LED READING AND WRITING EVENTS. KIDSREAD INVITES STUDENTS TO THE CENTER OR VIRTUALLY OVER ZOOM TO MEET THE AUTHORS THEY HAVE BEEN READING IN CLASS. BOOKS ARE PROVIDED FOR FREE TO THE SCHOOL FOR A CLASS SET AND FOR THE STUDENTS TO KEEP FOR THEIR OWN HOME LIBRARY. WE KEEP THE EVENTS SMALL, WITH A MAXIMUM OF 80 STUDENTS PER EVENT, SO THAT ALL KIDS HAVE TIME TO ASK QUESTIONS, GET THEIR BOOK SIGNED, AND HAVE A PERSONAL INTERACTION WITH THE WRITER. KIDSWRITE STUDENTS RECEIVE A FREE SCHOLARSHIP TO OUR SUMMER TEEN WRITING PROGRAM. DUE TO THE PANDEMIC WEVE MOVED OUR KIDSREAD & KIDSWRITE PROGRAMS VIRTUALLY TO ZOOM. WE ALSO PARTNER WITH THE DECAMERON PROJECT TO SPONSOR WRITING CONTESTS AND HOLD AFFORDABLE SATURDAY READING GROUPS AND WORKSHOPS FOR KIDS THROUGHOUT THE YEAR. THE CENTER GIVES OUT NUMEROUS AWARDS EVERY YEAR BUT OUR CORNERSTONE PRIZES SUPPORT THE WORK OF EARLY CAREER WRITERS. OUR FIRST NOVEL PRIZE IS GIVEN TO THE FINEST DEBUT NOVEL OF THE YEAR, WITH THE AUTHOR RECEIVING $15,000 (FINALISTS $1,000). OUR NYC EMERGING WRITERS FELLOWSHIP SUPPORTS WRITERS IN THAT CRUCIAL TIME BEFORE THEY PUBLISH A BOOK. EACH OF OUR EMERGING WRITERS FELLOWS RECEIVE A GRANT OF $5,000, AN EXPERIENCED EDITOR TO REVISE AND CRITIQUE THEIR MANUSCRIPTS, A PLACE TO WRITE IN OUR WRITERS STUDIO, AND MEETINGS WITH EDITORS, AUTHORS, AND AGENTS WHO REPRESENT NEW WRITERS AT MONTHLY DINNERS. FELLOWS ALSO PARTICIPATE IN TWO PUBLIC READINGS, RECEIVE A PROFESSIONAL HEADSHOT FOR PERSONAL PUBLICITY USE, PUBLICATION IN AN ANTHOLOGY DISTRIBUTED TO INDUSTRY PROFESSIONALS, AS WELL AS TICKETS TO OUR FIRST NOVEL FETE AND BENEFIT & AWARDS DINNER, COMPLIMENTARY ADMISSION TO ALL CENTER EVENTS, AND A 25% DISCOUNT ON WRITING WORKSHOPS AT THE CENTER.WE PRESENT MORE THAN 150 AUTHORS AND ARTISTS ANNUALLY IN PUBLIC PERFORMANCES THAT SHOWCASE FICTION ACROSS MANY ART FORMS, INTEGRATING MUSIC, DANCE, THEATER, FILM, AND THE VISUAL ARTS. EVENTS TAKE PLACE IN OUR 140-SEAT AUDITORIUM WITH A LARGE STAGE AND LED FILM SCREEN AND/OR ONLINE THROUGH ZOOM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Traci Lester Executive Dir. | OfficerTrustee | 40 | $161,908 |
Linda Morgan Development Dir | 40 | $144,340 | |
Kristin Henley Managing Director | 40 | $119,723 | |
Celia Mcgee Secretary | OfficerTrustee | 2 | $0 |
Wendy Gimbel Vice Chair | OfficerTrustee | 2 | $0 |
Mary Jo Shen Vice Chair | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $44,546 |
Fundraising events | $505,984 |
Related organizations | $998,099 |
Government grants | $273,990 |
All other contributions, gifts, grants, and similar amounts not included above | $508,509 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,331,128 |
Total Program Service Revenue | $744,183 |
Investment income | $21,674 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $43,690 |
Net Gain/Loss on Asset Sales | $49,000 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,202,622 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $79,855 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $182,083 |
Compensation of current officers, directors, key employees. | $28,282 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,075,601 |
Pension plan accruals and contributions | $17,362 |
Other employee benefits | $78,739 |
Payroll taxes | $114,598 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $55,691 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $86,480 |
Advertising and promotion | $14,635 |
Office expenses | $17,967 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $3,028 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $141,719 |
Insurance | $29,549 |
All other expenses | $113,668 |
Total functional expenses | $2,341,609 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $481,732 |
Savings and temporary cash investments | $5,545 |
Pledges and grants receivable | $250,078 |
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 | $148,085 |
Prepaid expenses and deferred charges | $27,954 |
Net Land, buildings, and equipment | $597,342 |
Investments—publicly traded securities | $1,707,775 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,218,511 |
Accounts payable and accrued expenses | $262,672 |
Grants payable | $0 |
Deferred revenue | $49,238 |
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 | $311,910 |
Net assets without donor restrictions | $2,594,529 |
Net assets with donor restrictions | $312,072 |
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 | $3,218,511 |
Over the last fiscal year, we have identified 6 grants that Mercantile Library Association Of The City Of New York has recieved totaling $1,073,299.
Awarding Organization | Amount |
---|---|
Clinton Hall Association Of The City Of New York Brooklyn, NY PURPOSE: Forgiveness of debt | $730,275 |
Clinton Hall Association Of The City Of New York Brooklyn, NY PURPOSE: Operation of a non-profit library | $267,824 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $30,000 |
National Book Foundation Inc New York, NY PURPOSE: LITERARY ARTS EMERGENCY FUND GRANT | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $20,100 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $100 |
Organization Name | Assets | Revenue |
---|---|---|
Library Company Of Philadelphia Philadelphia, PA | $40,011,303 | $12,014,446 |
Mercantile Library Association Of The City Of New York Brooklyn, NY | $3,218,511 | $3,202,622 |
American Philatelic Research Library Bellefonte, PA | $13,852,041 | $5,947,828 |
American Trust For The British Lbry New York, NY | $2,973,407 | $358,136 |
Collectors Club Inc New York, NY | $2,171,265 | $267,720 |
Lycoming County Library System Williamsport, PA | $336,685 | $144,300 |
International Friends Of London Library Inc New York, NY | $259,430 | $225,720 |
Princeton Library In New York New York, NY | $315,721 | $0 |
American Merchant Marine Library Association Jersey City, NJ | $3,256 | $0 |