Baffler Foundation Inc
- Assets
- $134.0k
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 13
- Location
- New York, NY
- Founding
- 09/2011
- Data as of
- 12/2022
- EIN
- 27-4645833
Organization Overview
Baffler Foundation Inc is located in New York, NY. The organization was established in 2011. 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 12/2022, Baffler Foundation Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baffler 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, Baffler Foundation Inc generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. 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
PUBLISHING A LITERARY MAGAZINE AND TO ACT EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL PURPOSES. TO MAINTAIN A RESEARCH INSTITUTE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISHED SIX MAGAZINES, DAILY ONLINE ESSAYS, AND LICENSED CONTENT FROM THREE DECADES WORTH OF ARCHIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James White Executive Director | Officer | 40 | $110,000 |
Noah Mccormack President | OfficerTrustee | 2 | $0 |
Siva Vaidhyanathan Treasurer | OfficerTrustee | 2 | $0 |
Melissa Flashman Secretary | OfficerTrustee | 2 | $0 |
Chris Lehmann Board Member | Trustee | 2 | $0 |
Sarah Leonard Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Postlight Software | 12/30/19 | $160,000 |
Royle Printing Printing | 12/30/19 | $147,676 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,076,487 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,076,487 |
| Total Program Service Revenue | $282,244 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $494 |
| 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 | $4,935 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,379,286 |
| 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. | $110,000 |
| Compensation of current officers, directors, key employees. | $38,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $732,111 |
| Pension plan accruals and contributions | $13,969 |
| Other employee benefits | $245,262 |
| Payroll taxes | $71,328 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $333,652 |
| Fees for services: Accounting | $141,901 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,474 |
| Advertising and promotion | $6,571 |
| Office expenses | $64,477 |
| Information technology | $8,250 |
| Royalties | $0 |
| Occupancy | $91,675 |
| Travel | $27,209 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,690 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,292 |
| Insurance | $15,563 |
| All other expenses | $12,870 |
| Total functional expenses | $2,595,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,001 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $615 |
| 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 | $12,297 |
| Net Land, buildings, and equipment | $16,576 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,461 |
| Total assets | $133,950 |
| Accounts payable and accrued expenses | $170,067 |
| Grants payable | $0 |
| Deferred revenue | $176,156 |
| 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 | $346,223 |
| Net assets without donor restrictions | -$212,273 |
| 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 | $133,950 |