Cave Canem Foundation Inc
- Assets
- $1.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 10
- Location
- Brooklyn, NY
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 13-3932909
Organization Overview
Cave Canem Foundation Inc is located in Brooklyn, NY. The organization was established in 1997. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Cave Canem Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cave Canem Foundation 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, Cave Canem Foundation Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 16.2% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CULTIVATE THE ARTISTIC AND PROFESSIONAL GROWTH OF AFRICAN AMERICAN POETS; PROMOTE PUBLIC APPRECIATION OF THE MANY VOICES OF AFRICAN AMERICAN POETRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL OTHER ACCOMPLISHMENTS ANNUAL RETREAT CONSISTS OF A WEEK-LONG FLAGSHIP WRITING RETREAT PROVIDING BLACK POETS THE OPPORTUNITY TO LEARN AND WRITE ALONGSIDE PEERS AND WORLD-CLASS FACULTY AT THE UNIVERSITY OF PITTSBURGH AT GREENBURG, PA. PRIZES EXTEND AN AVENUE TO THE PUBLISHING SECTOR FOR BLACK POETS. AMONG OUR THREE AWARDS, THE EPONYMOUS CC POETRY PRIZE (ESTABLISHED IN 2000) IS THE MOST SIGNIFICANT AWARD, GIVEN TO A POET FOR A FULL LENGTH, DEBUT COLLECTION, ALONG WITH MONETARY SUPPLEMENT. PARTICIPATION IN CONFERENCES AND CONVENING SUCH AS AWP AND DODGE POETRY FESTIVAL. OTHER PROGRAMS INCLUDE GRANTS & RE-GRANTING AND RESIDENCES.
READINGS ARE HOSTED VIRTUALLY AND IN VENUES ACROSS NEW YORK CITY. FOUR READING SERIES FEATURE RECENT PUBLICATIONS (NEW WORKS), DEBUT COLLECTIONS (FIRST BOOKS), TALKS WITH PREEMINENT POETS (IN CONVERSATION), AN ANNUAL SYMPOSIUM (LEGACY SERIES), AND MORE.
REGIONAL WORKSHOPS ACROSS THE U.S. PROVIDE EMERGING ADULT POETS A RARE OPPORTUNITY TO RECEIVE RIGOROUS INSTRUCTION WITH ACCOMPLISHED POETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elisha Willis Interim Executive Director | Officer | 40 | $121,617 |
Toi Derricotte Director | Trustee | 1 | $1,000 |
Tyehimba Jess President | OfficerTrustee | 20 | $0 |
Cornelius Eady Vice President | OfficerTrustee | 20 | $0 |
Allen A Drexel ESQ Secretary | OfficerTrustee | 20 | $0 |
Hao Wang Treasurer | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $136,920 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,672,051 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,808,971 |
| Total Program Service Revenue | $5,537 |
| Investment income | $76 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,828,809 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,480 |
| Compensation of current officers, directors, key employees. | $11,862 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $408,407 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,358 |
| Payroll taxes | $39,549 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $71,023 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $199,236 |
| Advertising and promotion | $10,809 |
| Office expenses | $19,216 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,707 |
| Travel | $26,891 |
| 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 | $4,584 |
| Insurance | $8,376 |
| All other expenses | $75,455 |
| Total functional expenses | $1,220,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,786 |
| Savings and temporary cash investments | $578,059 |
| Pledges and grants receivable | $398,484 |
| Accounts receivable, net | $2,173 |
| 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 | $37,248 |
| Net Land, buildings, and equipment | $20,473 |
| Investments—publicly traded securities | $7,357 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,600 |
| Total assets | $1,340,180 |
| Accounts payable and accrued expenses | $72,689 |
| 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 | $39,703 |
| Total liabilities | $112,392 |
| Net assets without donor restrictions | $354,868 |
| Net assets with donor restrictions | $872,920 |
| 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 | $1,340,180 |