Literary Club
- Assets
- $2.2m
- Revenue
- $681.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Cincinnati, OH
- Founding
- 04/1949
- Data as of
- 12/2021
- EIN
- 31-0603272
Organization Overview
Literary Club is located in Cincinnati, OH. The organization was established in 1949. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literary Club 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 Club generated $681.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $133.8k during the year ending 12/2021. While expenses have increased by 3.8% per year over the past 7 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
PROMOTION OF THE LITERARY ARTS AS A CENTER FOR CREATION, PRESENTATION, AND PUBLICATION OF WORKS AND EDUCATION ABOUT WRITING AND LITERATURE FOR MEMBERS AND THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERS MEET ON MONDAY NIGHTS IN THE CLUB'S HISTORIC BUILDING IN DOWNTOWN CINCINNATI, OH. THE BUILDING HOUSES ALL PAPERS WRITTEN SINCE 1885. EACH MEMBER MUST REGULARLY WRITE AND PRESENT A PAPER AT THE MEETINGS. MEMBERS INCLUDE MANY PROFESSIONS SUCH AS TEACHERS, DOCTORS, AND LAWYERS. PAST MEMBERS HAVE INCLUDED PRESIDENTS RUTHERFORD B. HAYES AND WILLIAM HOWARD TAFT.DURING A PANDEMIC, THE LITERARY CLUB MOVED TO ONLINE PRESENTATION OF MORE THAN FIFTY ORIGINAL PAPERS TO MEMBERS AND THE PUBLIC AND MADE THEM AVAILABLE FOR PUBLIC ARCHIVAL PURPOSES. THE LITERARY CLUB HOSTED PUBLIC EVENTS IN PERSON AND ONLINE OF NOTED AUTHORS AND EDUCATORS ABOUT WRITING AND OF SEVERAL POETS LAUREATE OF THEIR POETRY AND THIS LITERARY ART FORM. THE LITERARY CLUB PUBLISHED A BOOK OF TWENTY ORIGINAL PIECES CHOSEN FROM A COMPETITION AROUND THE THEME, WHAT IT COST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas L Cuni Clerk | OfficerTrustee | 2 | $0 |
Thomas P Bennett Treasurer | OfficerTrustee | 2 | $0 |
Richard Hunt Vice President | OfficerTrustee | 2 | $0 |
Richard Hague President | OfficerTrustee | 2 | $0 |
Alter Peerless Secretary | OfficerTrustee | 2 | $0 |
Edward Silberstein Past President | OfficerTrustee | 2 | $0 |
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 | $6,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,850 |
| Total Program Service Revenue | $60,754 |
| Investment income | $21,581 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $592,361 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $681,546 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $237 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,754 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $646 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,170 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,067 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,773 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,619 |
| Insurance | $7,605 |
| All other expenses | $0 |
| Total functional expenses | $133,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,915 |
| Savings and temporary cash investments | $96,102 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $352,569 |
| Investments—publicly traded securities | $1,689,454 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,679 |
| Total assets | $2,151,719 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $2,151,719 |
| Total liabilities and net assets/fund balances | $2,151,719 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Literary Club has recieved totaling $126,500.
| Awarding Organization | Amount |
|---|---|
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $126,500 |
Endowment Analysis
| Beg. Balance | $1,554,957 |
| Earnings | $306,088 |
| Admin Expense | $646 |
| Other Expense | $74,842 |
| Ending Balance | $1,785,557 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society Of Professional Journalists Foundation Indianapolis, IN | $17,186,430 | $1,034,660 |
Pittsburgh Arts & Lectures Inc Pittsburgh, PA | $5,949,757 | $1,196,864 |
The Thurber House Incorporated Columbus, OH | $872,914 | $609,459 |
Bloomsburg Public Library Bloomsburg, PA | $4,222,043 | $456,128 |
Outdoor Writers Asso Of America Inc Cincinnati, OH | $1,392,923 | $337,153 |
Writers Center Of Indiana Indianapolis, IN | $111,999 | $226,996 |
Literary Club Cincinnati, OH | $2,151,719 | $681,546 |
American Insight Inc Narberth, PA | $59,410 | $0 |
Buckeye Authors Book Fair Committee Inc Wooster, OH | $37,218 | $0 |
Friends Of The Whitehall Public Library Pittsburgh, PA | $114,149 | $0 |
Tredyffrin Township Library Foundation Wayne, PA | $1,062,573 | $174,042 |
Instituto Internacional De Literatura Iberoamericana Pittsburgh, PA | $224,447 | $0 |