Mercantile Library Association Of The City Of New York

Organization Overview

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.

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.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Traci Lester
Executive Dir.
$161,908
Linda Morgan
Development Dir
$144,340
Kristin Henley
Managing Director
$119,723
Celia Mcgee
Secretary
$0
Wendy Gimbel
Vice Chair
$0
Mary Jo Shen
Vice Chair
$0

Financial Statements

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

Grants Recieved

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 OrganizationAmount
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
View Grant Recipient Profile

Create an account to unlock the data you need.

or