Poets House Inc
- Assets
- $7.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- 08/1985
- Data as of
- 12/2022
- EIN
- 13-3255098
Organization Overview
Poets House Inc is located in New York, NY. The organization was established in 1985. As of 12/2022, Poets House Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Poets House Inc 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, Poets House Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. 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
A LIBRARY AND MEETING PLACE THAT INVITES POETS AND THE PUBLIC INTO THE LIVING TRADITION OF POETRY, OFFERING POETRY BOOKS AND RESOURCES, LITERARY EVENTS AND EDUCATION PROGRAMS TO DOCUMENT THE DIVERSITY OF MODERN POETRY AND STIMULATE DIALOGUE ON ISSUES OF POETRY IN CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POETS HOUSE LIBRARY AND SHOWCASE:THE POETS HOUSE LIBRARY IS AMONG THE MOST COMPREHENSIVE COLLECTIONS OFPOETRY AVAILABLE TO THE PUBLIC ANYWHERE IN THE COUNTRY. THE 70,000 VOLUME COLLECTION WAS OPEN TO EVERYONE FREE OF CHARGE UNTIL ITS MANDATORY CLOSURE DUE TO THE PANDEMIC, THAT CLOSURE WAS EXTENDED DUE TO RENOVATIONS FROM A FLOOD IN LATE 2021. DURING 2022 POETS HOUSE CONTINUED TO COLLECT AND CATALOG MATERIALS FOR SHOWCASE EXHIBIT EVENTS FOLLOWING CONSTRUCTION.
LITERARY PROGRAMS:LED BY INTERIM DIRECTOR CORNELIUS EADY, THE ORGANIZATION COMPLETED AN EXTENSIVE NATIONAL LISTENING CAMPAIGN WITH STAKEHOLDERS, FORMER AND CURRENT STAFF, AND THE PUBLIC, IN ORDER TO CHART THE FUTURE DIRECTION OF LIBRARY, PROGRAMS, AND SERVICES. POETS HOUSE ALSO HOSTED DOZENS OF ONLINE READINGS IN THE HARD HAT READING SERIES, A BI-WEEKLY SERIES SET WITHIN THE CONTEXT OF THE CONSTRUCTION PROJECT, WHICH ENGAGED THOUSANDS OF PEOPLE WORLDWIDE THROUGH THE ORGANIZATION'S WEBSITE AND SOCIAL MEDIA.
THE YOUTH CENTER AT POETS HOUSE:DURING 2022 POETS HOUSE BEGAN A PLANNING PROCESS TO DETERMINE THE BEST MEANS OF INCREASING TEEN PARTICIPATION IN ITS PROGRAMS. HISTORICALLY, THE CHILDREN'S ROOM WELCOMED OVER 10,000 YOUTH AND EDUCATORS ANNUALLY. UPON REOPENING, THE ORGANIZATION WILL BROADEN SERVICES FOR TEENS AND CONTINUE TO OFFER CHILDREN AND YOUTH OPPORTUNITIES TO EXPLORE LANGUAGE AS A VEHICLE FOR THE IMAGINATION, DISCOVERING POETRY AS A MEANS OF SELF-EXPRESSION AND A PATHWAY TO UNDERSTANDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Arnold Executive Director (from 12/22) | Officer | 40 | $17,413 |
Jane Preston Managing Director | Officer | 40 | $141,744 |
Lee Briccetti Former Executive Director | 0 | $99,712 | |
Robert Kissane Chairman | OfficerTrustee | 1 | $0 |
Martin Gomez President (from 11/22) | OfficerTrustee | 1 | $0 |
Margo Viscusi President Emerita | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,262 |
| Related organizations | $0 |
| Government grants | $397,933 |
| All other contributions, gifts, grants, and similar amounts not included above | $503,285 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $908,480 |
| Total Program Service Revenue | $4,928 |
| Investment income | $22,568 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,844 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,917,156 |
| 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. | $161,044 |
| Compensation of current officers, directors, key employees. | $24,157 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $134,371 |
| Pension plan accruals and contributions | $6,750 |
| Other employee benefits | $8,013 |
| Payroll taxes | $29,052 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,669 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,148 |
| Fees for services: Other | $320,783 |
| Advertising and promotion | $0 |
| Office expenses | $6,710 |
| Information technology | $19,430 |
| Royalties | $0 |
| Occupancy | $41,195 |
| Travel | $8,475 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,263 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $199,293 |
| Insurance | $33,961 |
| All other expenses | $1,719 |
| Total functional expenses | $1,578,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $778,042 |
| Savings and temporary cash investments | $599,351 |
| Pledges and grants receivable | $601,202 |
| Accounts receivable, net | $50 |
| 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 | $5,381 |
| Net Land, buildings, and equipment | $5,283,555 |
| Investments—publicly traded securities | $647,839 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,915,420 |
| Accounts payable and accrued expenses | $201,914 |
| 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 | $201,914 |
| Net assets without donor restrictions | $6,086,851 |
| Net assets with donor restrictions | $1,626,655 |
| 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 | $7,915,420 |