New Art Publications Inc
- Assets
- $2.4m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 17
- Location
- Brooklyn, NY
- Founding
- 08/1986
- Data as of
- 12/2021
- 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 12/2021, New Art Publications Inc employed 17 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 12/2021, New Art Publications Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 2.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND SUPPORT CONTEMPORARY ARTISTS AND WRITERS BY EXPANDING PUBLIC AWARENESS AND APPRECIATION OF THEIR WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOMB IS A MULTI-PLATFORM PUBLISHING HOUSE THAT CREATES AND DISSEMINATES ARTIST-GENERATED CONTENT THAT PROVIDES THE PUBLIC WITH UNIQUE INSIGHT INTO THE CREATIVE PROCESS. BOMB INCLUDES A QUARTERLY PRINT MAGAZINE, A DAILY ONLINE PUBLICATION, A DIGITAL ARCHIVE, THE ORAL HISTORY PROJECT, EDITORIAL FELLOWSHIP PROGRAM, AND A PODCAST. BOMB PUBLISHES IN-DEPTH INTERVIEWS BETWEEN ARTISTS, WRITERS, AND PERFORMERS ALONGSIDE REVIEWS, ESSAYS, POETRY, SHORT FICTION, PORTFOLIOS. IN 2020 BOMB LAUNCHED A MONTHLY SERIES ROOM WITH A VIEW WHICH FEATURES LIVE CONVERSATIONS BETWEEN ARTISTS AND WRITERS WHERE PARTICIPANTS INTERACT THROUGH VIDEO CONFERENCING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betsy Sussler Executive Dir. | OfficerTrustee | 40 | $131,766 |
Rosemary Carroll Co-Chair | OfficerTrustee | 2 | $0 |
Jennifer Clifford Danner President | OfficerTrustee | 1 | $0 |
Lybess Sweezy Co-Chair | OfficerTrustee | 1 | $0 |
Jeremy Larner Vice President | OfficerTrustee | 1 | $0 |
Heather M Johnson Secretary/treas | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $530,975 |
| Related organizations | $0 |
| Government grants | $338,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,322,741 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,192,516 |
| Total Program Service Revenue | $227,372 |
| Investment income | $34,123 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,978 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,000 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,478,178 |
| 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. | $131,766 |
| Compensation of current officers, directors, key employees. | $12,457 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $743,542 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $117,720 |
| Payroll taxes | $71,999 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,382 |
| Fees for services: Other | $348,605 |
| Advertising and promotion | $44,886 |
| Office expenses | $43,331 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,256 |
| Travel | $10,250 |
| 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 | $3,944 |
| Insurance | $8,846 |
| All other expenses | $70,619 |
| Total functional expenses | $1,896,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $373,381 |
| Savings and temporary cash investments | $226,013 |
| Pledges and grants receivable | $111,450 |
| Accounts receivable, net | $28,580 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $307 |
| Prepaid expenses and deferred charges | $82,866 |
| Net Land, buildings, and equipment | $20,695 |
| Investments—publicly traded securities | $1,327,434 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $44,600 |
| Other assets | $193,954 |
| Total assets | $2,409,280 |
| Accounts payable and accrued expenses | $24,606 |
| Grants payable | $0 |
| Deferred revenue | $54,737 |
| 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 | $90,000 |
| Other liabilities | $0 |
| Total liabilities | $169,343 |
| Net assets without donor restrictions | $349,345 |
| Net assets with donor restrictions | $1,890,592 |
| 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 | $2,409,280 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that New Art Publications Inc has recieved totaling $971,705.
| Awarding Organization | Amount |
|---|---|
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT THE NATIONAL EXPANSION OF BOMB MAGAZINE'S ORAL HISTORY PROJECT OF AFRICAN DIASPORIC VISUAL ARTISTS | $500,000 |
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $100,000 |
Booth Ferris Foundation Chicago, IL PURPOSE: GENERAL | $100,000 |
Horace W Goldsmith Foundation New York, NY PURPOSE: GENERAL OPERATIONS | $50,000 |
Horace W Goldsmith Foundation New York, NY PURPOSE: GENERAL OPERATIONS | $50,000 |
Ford Foundation New York, NY PURPOSE: CORE SUPPORT TO ADVANCE EQUITY IN ARTIST REPRESENTATION | $50,000 |
Endowment Analysis
| Beg. Balance | $601,118 |
| Earnings | $117,928 |
| Net Contributions | $409,000 |
| Other Expense | $41,707 |
| Ending Balance | $1,086,339 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Technology Review Inc Cambridge, MA | $6,822,000 | $19,424,000 |
Project Veritas Mamaroneck, NY | $11,883,753 | $22,034,786 |
Journal Of Bone And Joint Surgery Inc Needham, MA | $35,717,891 | $10,120,492 |
Machon Mashe Rockeach Inc Brooklyn, NY | $2,473,215 | $8,597,419 |
Harpers Magazine Foundation New York, NY | $1,648,663 | $7,386,851 |
Retro Report Inc Mystic, CT | $1,128,827 | $6,590,447 |
The New Press Inc New York, NY | $10,475,881 | $7,017,448 |
National Braille Press Inc Boston, MA | $10,542,006 | $5,176,920 |
Medical Letter Inc New Rochelle, NY | $4,157,236 | $5,090,906 |
University Of Pennsylvania Press Incorporated Philadelphia, PA | $1,805,477 | $4,286,513 |
Harvard Magazine Incorporated Cambridge, MA | $2,271,377 | $3,610,627 |
American Booksellers Assoc Inc White Plains, NY | $43,213,298 | $1,963,902 |