New Art Publications Inc
- Assets
- $2.0m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 14
- Location
- Brooklyn, NY
- Founding
- 08/1986
- Data as of
- 12/2023
- EIN
- 13-3336695
Organization Overview
New Art Publications Inc is located in Brooklyn, NY. The organization was established in 1986. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, New Art Publications Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Art Publications 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 12/2023, New Art Publications Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 3.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BOMB MAGAZINE'S MISSION IS TO DELIVER THE ARTIST'S VOICE. WE DEVELOP, PUBLISH, AND PRESERVE ARTIST-GENERATED MATERIAL, SPOTLIGHTING ARTISTS IN CONVERSATION AND OFFERING UNIQUE INSIGHT INTO THE CREATIVE PROCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOMB PUBLISHES NEARLY 400 FEATURES EVERY YEAR, WITH A FOCUS ON INTERVIEWS BETWEEN ARTISTS AND WRITERS AT ALL STAGES OF THEIR CAREERS. WE ALSO PUBLISH NEW FICTION AND POETRY, VISUAL ARTS PORTFOLIOS, AND SHORT AND LONG-FORM ESSAYS ON ARTS, PERFORMANCE, AND LITERATURE. BOMBS PROGRAMS INCLUDE A QUARTERLY PRINT MAGAZINE, A DAILY ONLINE PUBLICATION, AN ONLINE ARCHIVE OF ALL PREVIOUSLY PUBLISHED FEATURES, THE ORAL HISTORY PROJECT, AND FUSE: A BOMB PODCAST. BOMB LAUNCHED A NEW WEBSITE IN JANUARY 2024, WHICH MAKES OUR 40+ YEAR ARCHIVE NEWLY ACCESSIBLE THROUGH BETTER DESIGN AND CURATED CONTENT. BOMBS ORAL HISTORY PROJECT, WHICH COLLECTS, DOCUMENTS, AND PRESERVES THE STORIES OF DISTINGUISHED VISUAL ARTISTS OF THE AFRICAN DIASPORA, HAS EXPANDED TO INCLUDE THE CITIES OF NEW ORLEANS, CHICAGO, AND DETROIT. IN 2024, BOMB REFRESHED ITS LIST OF CONTRIBUTING EDITORS, WHICH NOW FEATURES 99 EDITORS FROM ACROSS THE UNITED STATES, REPRESENTING A BROAD RANGE OF DISCIPLINES, PRACTICES, CAREER LEVELS, AND LOCATIONS. BOMB REACHES AN AUDIENCE OF NEARLY ONE MILLION READERS ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betsy Sussler Executive Dir. | OfficerTrustee | 40 | $111,799 |
Thomas E Moore III Trustee | Trustee | 1 | $0 |
Jennifer Clifford Danner President | OfficerTrustee | 1 | $0 |
Rosemary Carroll Co-Chair | OfficerTrustee | 2 | $0 |
Melinda Hackett Trustee | Trustee | 1 | $0 |
Robert Dowling Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $871,984 |
| Related organizations | $0 |
| Government grants | $304,062 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,067,137 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,243,183 |
| Total Program Service Revenue | $182,365 |
| Investment income | $46,827 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,137 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,461,768 |
| 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. | $117,969 |
| Compensation of current officers, directors, key employees. | $8,258 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $824,659 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $76,748 |
| Payroll taxes | $78,037 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $788 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,725 |
| Fees for services: Other | $426,953 |
| Advertising and promotion | $38,254 |
| Office expenses | $49,932 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,411 |
| Travel | $14,586 |
| 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 | $10,185 |
| Insurance | $13,210 |
| All other expenses | $142,119 |
| Total functional expenses | $2,111,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,653 |
| Savings and temporary cash investments | $210 |
| Pledges and grants receivable | $454,745 |
| Accounts receivable, net | $15,850 |
| 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 | $76,012 |
| Net Land, buildings, and equipment | $8,590 |
| Investments—publicly traded securities | $880,255 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $152,125 |
| Other assets | $209,327 |
| Total assets | $2,043,767 |
| Accounts payable and accrued expenses | $37,842 |
| Grants payable | $0 |
| Deferred revenue | $46,145 |
| 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 | $29,413 |
| Total liabilities | $113,400 |
| Net assets without donor restrictions | $363,889 |
| Net assets with donor restrictions | $1,566,478 |
| 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 | $2,043,767 |