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 12/2022, Center For Fiction employed 50 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 12/2022, Center For Fiction generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $2.6m during the year ending 12/2022. While expenses have increased by 11.7% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE PEOPLE TO READ AND VALUE FICTION AND TO SUPPORT AND CELEBRATE ITS CREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR MORE THAN 200 YEARS, THE CENTER FOR FICTION HAS BEEN AN ANCHOR OF THE NEW YORK CITY LITERARY SCENE, HIGHLIGHTING THE POWER OF STORYTELLING AND CONNECTING READERS WITH WRITERS WHO CHANGE OUR WORLD. IN 2019, THE CENTER MOVED FROM MANHATTAN TO OUR NEW 18,000-SQ FOOT HOME IN THE DOWNTOWN BROOKLYN CULTURAL CENTER, TO BETTER CONNECT WITH OUR AUDIENCES AND PROVIDE A WELCOMING PUBLIC SPACE. KEY PROGRAMS INCLUDE:PUBLIC EVENTS: IN 2022, WE PRESENTED 89 EVENTS TO AN AUDIENCE OF OVER 8,000 PEOPLE. WE PRESENT A MIX OF WRITERS, FROM DEBUT AUTHORS TO OUR GREATEST LITERARY ICONS. OUR SPEAKERS TACKLE CONTEMPORARY DEBATES ABOUT LITERATURE, SOCIAL JUSTICE, CLIMATE CHANGE, AND THE FIGHT AGAINST INEQUALITY, AMONG OTHER PRESSING ISSUES OF TODAY.KIDS READ/KIDS WRITE: EACH YEAR, WE GIVE OVER 2,000 STUDENTS FROM NYC PUBLIC SCHOOLS THE OPPORTUNITY TO ENGAGE WITH THE POWER OF FICTION. KIDSREAD PRESENTS AUTHOR-LED EVENTS FOR SCHOOLS, PROVIDES BOOKS AND WORKS WITH TEACHERS TO INCORPORATE THEM INTO THE CURRICULUM. KIDSWRITE PROVIDES WORKSHOPS FOR TEENS TO DEVELOP THEIR VOICE AS WRITERS.PROGRAMS FOR WRITERS: OUR EMERGING WRITER FELLOWSHIP OFFERS GRANTS, EDITORIAL MENTORSHIP, AND OTHER OPPORTUNITIES TO EARLY-CAREER NEW YORK CITY-BASED WRITERS. THE WRITERS STUDIO PROGRAM OFFERS WRITERS WORK SPACE, COMMUNITY WITH THEIR PEERS AND SUPPORT FOR THEIR CRAFT. WRITERS WORKSHOPS, SERVE EXPERIENCED AND NOVICE WRITERS EACH YEAR, OFFERING SKILL BUILDING AND WORKSHOPPING OPPORTUNITIES. IN 2022, WRITING PROGRAMS SERVED ABOUT 900 PEOPLE. PROGRAMS FOR READERS: READING GROUPS, SERVING OVER 500 PEOPLE PER YEAR, ARE LED BY WRITERS AND SCHOLARS ON A LITERARY GENRE, A THEME, AN AUTHOR OR A SINGLE WORK; THEY OFFER LITERARY ANALYSIS, LIVELY CONVERSATION AND COMMUNITY. OUR LIBRARY MEMBERSHIP PROGRAM OFFERS READERS AND WRITERS A WAY TO SUPPORT THE CENTER WHILE ENJOYING DISCOUNTS IN OUR RETAIL SPACES, BORROWING PRIVILEGES FOR OUR LIBRARY OF 64,000 BOOKS AND USE OF THE LIBRARY SPACE.RETAIL PROGRAMS: THE BOOKSTORE AND CAF ON OUR GROUND FLOOR ARE ANCHORS FOR THE ORGANIZATION AND INVITE OUR COMMUNITY INTO THE SPACE. WE ARE OFTEN RECOGNIZED AS AMONG THE TOP INDEPENDENT BOOKSTORES IN NYC AND THE US.LITERARY PRIZES: WE HONOR STORYTELLERS THROUGHOUT THEIR CAREER WITH SEVERAL PRESTIGIOUS AWARDS EACH YEAR, INCLUDING THE FIRST NOVEL PRIZE THE MEDAL FOR EDITORIAL EXCELLENCE AND THE ON SCREEN AWARD (FOR A BOOK ADAPTATION). COMMUNITY PROGRAMS: WE OFFER COMMUNITY EVENTS CENTERED ON THE THEME OF FICTION, AND PARTNER WITH OTHER CULTURAL AND NON-PROFIT ORGANIZATIONS TO SHOWCASE PROGRAMMING THAT ALIGNS WITH OUR MISSION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Erroll Mcdonald Chair | OfficerTrustee | 2 | $0 |
Wendy Gimbel Vice Chair (left In 2022) | OfficerTrustee | 2 | $0 |
Celia Mcgee Secretary | OfficerTrustee | 2 | $0 |
Mary Jo Shen Vice Chair (left In 2022) | OfficerTrustee | 2 | $0 |
Shannon Rose Selden Treasurer | OfficerTrustee | 2 | $0 |
Suan Restler Vice Chair | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $116,089 |
Fundraising events | $430,151 |
Related organizations | $175,000 |
Government grants | $79,500 |
All other contributions, gifts, grants, and similar amounts not included above | $468,775 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,269,515 |
Total Program Service Revenue | $923,709 |
Investment income | $34,416 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $91,877 |
Net Gain/Loss on Asset Sales | $924,544 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,244,061 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $87,094 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $266,173 |
Compensation of current officers, directors, key employees. | $39,926 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,217,798 |
Pension plan accruals and contributions | $18,252 |
Other employee benefits | $101,989 |
Payroll taxes | $121,009 |
Fees for services: Management | $0 |
Fees for services: Legal | $64,517 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $5,206 |
Fees for services: Other | $52,340 |
Advertising and promotion | $16,361 |
Office expenses | $32,028 |
Information technology | $7,437 |
Royalties | $0 |
Occupancy | $0 |
Travel | $8,595 |
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 | $143,127 |
Insurance | $33,035 |
All other expenses | $116,645 |
Total functional expenses | $2,572,194 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $520,156 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $155,067 |
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 | $139,796 |
Prepaid expenses and deferred charges | $20,702 |
Net Land, buildings, and equipment | $462,919 |
Investments—publicly traded securities | $1,297,655 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,596,295 |
Accounts payable and accrued expenses | $176,034 |
Grants payable | $0 |
Deferred revenue | $122,280 |
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 | $298,314 |
Net assets without donor restrictions | $1,979,263 |
Net assets with donor restrictions | $318,718 |
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 | $2,596,295 |
Organization Name | Assets | Revenue |
---|---|---|
Library Company Of Philadelphia Philadelphia, PA | $34,094,933 | $2,432,009 |
Mercantile Library Association Of The City Of New York Brooklyn, NY | $2,596,295 | $3,244,061 |
American Philatelic Research Library Bellefonte, PA | $13,342,489 | $1,210,594 |
American Trust For The British Lbry New York, NY | $3,649,352 | $330,141 |
Collectors Club Inc New York, NY | $8,078,971 | $6,672,240 |
International Friends Of London Library Inc New York, NY | $115,818 | $288,979 |
Lycoming County Library System Williamsport, PA | $342,007 | $186,690 |
Princeton Library In New York New York, NY | $315,721 | $0 |
American Merchant Marine Library Association Jersey City, NJ | $3,563 | $0 |