The Poetry Project Limited
- Assets
- $1.4m
- Revenue
- $576.2k
- Investments
- $0.0
- Employees
- 6
- Location
- New York, NY
- Founding
- 03/1986
- Data as of
- 06/2021
- EIN
- 13-3317229
Organization Overview
The Poetry Project Limited is located in New York, NY. The organization was established in 1986. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Poetry Project Limited employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Poetry Project Limited 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 06/2021, Poetry Project Limited generated $576.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $888.6k during the year ending 06/2021. While expenses have increased by 10.3% per year over the past 6 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
SEE PART III, LINE 1 ON NEXT PAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HELD READINGS, LECTURES, POETRY WORKSHOPS, SYMPOSIUMS AND PUBLISHED NEWLETTERS AND PUBLICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle R Dacuyan Executive Director | Officer | 40 | $88,658 |
Camille Rankine Chair (until Nov 2021) | OfficerTrustee | 1 | $0 |
Carol Overby Treasurer | OfficerTrustee | 1 | $0 |
Ricardo Maldonado Secretary (chair Starting Dec 2021) | OfficerTrustee | 1 | $0 |
Jo Ann Wasserman Vice Chair | OfficerTrustee | 1 | $0 |
Purvi Shah Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,903 |
| Related organizations | $0 |
| Government grants | $62,740 |
| All other contributions, gifts, grants, and similar amounts not included above | $389,307 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $454,950 |
| Total Program Service Revenue | $61,518 |
| Investment income | $27,082 |
| 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 | $21,854 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $576,177 |
| 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. | $154,773 |
| Compensation of current officers, directors, key employees. | $46,432 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $187,180 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,574 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,018 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,383 |
| Advertising and promotion | $0 |
| Office expenses | $10,633 |
| Information technology | $14,311 |
| Royalties | $0 |
| Occupancy | $133,046 |
| Travel | $14,688 |
| 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 | $0 |
| Insurance | $86,026 |
| All other expenses | $27,438 |
| Total functional expenses | $888,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,713 |
| Savings and temporary cash investments | $0 |
| 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 | $6,007 |
| Investments—publicly traded securities | $1,329,685 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,388,405 |
| 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 | $80,905 |
| Other liabilities | $0 |
| Total liabilities | $80,905 |
| Net assets without donor restrictions | $197,500 |
| Net assets with donor restrictions | $1,110,000 |
| 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 | $1,388,405 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Poetry Project Limited has recieved totaling $85,595.
| Awarding Organization | Amount |
|---|---|
Alex Katz Foundation New York, NY PURPOSE: GENERAL CONTRIBUTION | $50,000 |
Jerome Foundation Inc Saint Paul, MN PURPOSE: SUPPORT FOR LITERATURE ORGANIZATION WORKING WITH EARLY CAREER WRITERS | $25,000 |
Axe Houghton Foundation Fairfield, CT PURPOSE: OMNISCIENT TAPE RECORDER: COMMISSIONED ENGAGEMENTS WITH THE POETRY PROJECT'S ARCHIVE 1966-PRESENT | $10,000 |
Cappetta Family Foundation Inc Solana Beach, CA PURPOSE: CHARITABLE GIVING | $515 |
The Wallace Foundation New York, NY PURPOSE: EMPLOYEE MATCHING GIFT-GENERAL SUPPORT | $80 |
Endowment Analysis
| Beg. Balance | $846,679 |
| Earnings | $9,443 |
| Net Contributions | $99,975 |
| Other Expense | $80,000 |
| Ending Balance | $876,097 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of United Hatzalah Inc New York, NY | $21,398,507 | $34,797,330 |
Institute Of Certified Mgt Accoun Tants Inc Montvale, NJ | $14,001,661 | $20,791,467 |
Facing History And Ourselves Inc Brookline, MA | $73,328,621 | $41,887,209 |
Modern Language Association Of America New York, NY | $26,742,104 | $16,207,433 |
American Philosophical Society Philadelphia, PA | $294,142,753 | $31,170,811 |
Pen American Center Inc New York, NY | $36,781,487 | $29,059,092 |
Commercial Real Estate Finance Council Inc New York, NY | $15,641,619 | $8,091,268 |
Archaeological Institute Of America Boston, MA | $15,760,718 | $9,516,750 |
Academy Of American Poets Incorporated New York, NY | $16,980,319 | $4,039,105 |
Grub Street Inc Boston, MA | $11,789,751 | $6,194,111 |
Center For Inquiry Inc Amherst, NY | $8,104,198 | $5,991,557 |
National Book Foundation Inc New York, NY | $4,696,616 | $3,836,375 |