N1 Foundation Inc
- Assets
- $582.7k
- Revenue
- $945.3k
- Investments
- $0.0
- Employees
- 16
- Location
- Brooklyn, NY
- Founding
- 11/2007
- Data as of
- 11/2021
- EIN
- 26-0483848
Organization Overview
N1 Foundation Inc is located in Brooklyn, NY. The organization was established in 2007. 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 11/2021, N1 Foundation Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. N1 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 11/2021, N1 Foundation Inc generated $945.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $889.9k during the year ending 11/2021. While expenses have increased by 9.5% 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
THE ORGANIZATION'S MISSION IS TO PROMOTE AND FOSTER PUBLIC APPRECIATION OF AND PARTICIPATION IN THE LITERARY AND VISUAL ARTS THROUGH PUBLISHING NEWSLETTERS, LECTURES, AND SYMPOSIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AND FOSTER PUBLIC APPRECIATION OF AND PARTICIPATION IN THE LITERARY AND VISUAL ARTS THROUGH PUBLISHING NEWSLETTERS, LECTURES AND SYMPOSIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carla Blumenkranz Chairperson | OfficerTrustee | 1 | $0 |
Chad Harbach Treasurer | OfficerTrustee | 1 | $0 |
Ronald Barusch Secretary | OfficerTrustee | 1 | $0 |
Dayna Tortorici Board Member | OfficerTrustee | 10 | $0 |
Jeremy Glick Board Member | Trustee | 1 | $0 |
Nikil Saval Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $400 |
| Related organizations | $0 |
| Government grants | $168,610 |
| All other contributions, gifts, grants, and similar amounts not included above | $267,803 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $436,813 |
| Total Program Service Revenue | $489,469 |
| Investment income | $0 |
| 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 | $945,344 |
| 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. | $50,423 |
| Compensation of current officers, directors, key employees. | $5,042 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $315,234 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $47,832 |
| Payroll taxes | $27,209 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,016 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $99,047 |
| Advertising and promotion | $60,285 |
| Office expenses | $16,673 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,631 |
| Travel | $1,864 |
| 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 | $3,931 |
| All other expenses | $105,109 |
| Total functional expenses | $889,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,778 |
| Savings and temporary cash investments | $152,599 |
| Pledges and grants receivable | $175,064 |
| Accounts receivable, net | $11,250 |
| 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 | $36,017 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,002 |
| Total assets | $582,710 |
| Accounts payable and accrued expenses | $8,386 |
| Grants payable | $0 |
| Deferred revenue | $110,440 |
| 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 | $0 |
| Total liabilities | $118,826 |
| Net assets without donor restrictions | $463,884 |
| Net assets with donor restrictions | $0 |
| 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 | $582,710 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that N1 Foundation Inc has recieved totaling $132,786.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Arts & Culture | $75,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $26,062 |
Allied Media Projects Inc Detroit, MI PURPOSE: CRITICAL MINDED, AWARD TO PAPER MONUMENT, TO SUPPORT THE PUBLICATION CRITICAL AGENDAS: A HANDBOOK FOR ART WRITING | $10,000 |
Just Buffalo Literary Center Inc Buffalo, NY PURPOSE: LITNYS ADVANCEMENT | $7,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $6,750 |
Hillman Family Foundations Pittsburgh, PA PURPOSE: THE PUBLICATION OF "ART CRITICISM & AGENDAS" | $4,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Performance Review Institute Inc Warrendale, PA | $74,694,465 | $42,815,654 |
First Look Media Works Inc New York, NY | $8,923,263 | $13,712,748 |
Princeton University Press Princeton, NJ | $151,044,829 | $27,595,157 |
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 |