N1 Foundation Inc

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 11/2023, N1 Foundation Inc employed 18 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 11/2023, N1 Foundation Inc generated $881.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $906.1k during the year ending 11/2023. While expenses have increased by 7.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE N+1 FOUNDATION IS A LITERARY ORGANIZATION COMMITTED TO PUBLISHING AND PROMOTING WORK BY NEW AND DIVERSE WRITERS WHOSE STYLE, SUBJECT MATTER, AND INTELLECTUAL AMBITION ARE UNDERREPRESENTED IN MAINSTREAM PUBLICATIONS.

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)Compensation
Dayna Tortorici
Secretary/executive Director
$55,027
Ronald Barusch
Chairperson
$0
Chad Harbach
Treasurer
$0
Carla Blumenkranz
Board Member
$0
Keith Gessen
Board Member
$0
Dushko Petrovich
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$13,732
Related organizations$0
Government grants $60,000
All other contributions, gifts, grants, and similar amounts not included above$326,232
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$399,964
Total Program Service Revenue$440,459
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $373
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $25,686
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $881,572

Peer Organizations

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