Literary Society Foundation Inc
- Assets
- $200.3k
- Revenue
- $39.2k
- Investments
- $184.8k
- Employees
- 0
- Location
- Hampton Bays, NY
- Founding
- 05/1947
- Data as of
- 12/2021
- EIN
- 13-6115059
Organization Overview
Literary Society Foundation Inc is located in Hampton Bays, NY. The organization was established in 1947. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literary Society 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 12/2021, Literary Society Foundation Inc generated $39.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $24.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Literary Society Foundation Inc has awarded 114 individual grants totaling $580,250. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wilm Donath President | 0 | $0 | |
Juliane Camfield Secretary | 0 | $0 | |
Hans G Schumacher Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,173 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $39,173 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,241 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $205 |
| Total operating and administrative expenses | $2,331 |
| Contributions, gifts, grants paid | $22,200 |
| Total expenses and disbursements | $24,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,362 |
| Savings and temporary cash investments | $11,218 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $200,330 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Literary Society Foundation Inc has awarded $22,200 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DEUTSCHES HAUS AT NYU PURPOSE: GERMAN LANGUAGE EDUCATION | $9,000 |
GERMAN LANG SCHOOL CONFERENCE USA PURPOSE: PROMOTION OF GERMAN LANGUAGE EDUCATIONAL OPPORTUNITIES | $9,000 |
GERMAN AMERICAN COMMITTEE OF GREATER NY (FLOAT) PURPOSE: PROMOTION OF GERMAN LANGUAGE EDUCATIONAL OPPORTUNITIES | $2,200 |
MAGYAR BARATI KOEZOEZEG FOUNDATION PURPOSE: PROMOTION OF GERMAN LANGUAGE EDUCATIONAL OPPORTUNITIES | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Hawthornden Literary Retreat Pittsburgh, PA | $228,597,299 | $115,561,060 |
Connecticut Humanities Council Middletown, CT | $1,530,926 | $3,295,528 |
New York Council For The Humanities New York, NY | $2,496,894 | $3,586,085 |
Institute On Religion And Public Life New York, NY | $2,017,978 | $3,465,184 |
Meserve-Kunhardt Foundation Inc Pleasantville, NY | $18,889,562 | $5,340,615 |
Massachusetts Foundation For Humanities & Public Policy Inc Northampton, MA | $5,459,240 | $2,846,841 |