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← GIORNO POETRY SYSTEMS INSTITUTE INC

Form 990 for tax year 2023

Filed by GIORNO POETRY SYSTEMS INSTITUTE INC.

Totals

Total revenue
$870,009
Total expenses
$648,060
Contributions and grants received
$115,701
Grants paid
$30,000
Program service revenue
$620,846
Investment income
$131,298
Other revenue
$2,164
Total assets, end of year
$1,507,447
Total liabilities, end of year
$35,217
Net assets or fund balances, end of year
$1,472,230
Program services expenses (Part IX)
$311,080
Management and general expenses
$336,980
Fundraising expenses
$0
Program service expenses (Part III)
$311,080

Program services were 48.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $115,701

  • 1g · Noncash contributions included above

    $78,000

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $620,846 · related or exempt $620,846

  • 3 · Investment income

    total $131,298 · related or exempt $131,298

  • 5 · Royalties

    total $2,164 · related or exempt $2,164

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $30,000 · program services $30,000

  • 7 · Other salaries and wages

    total $258,235 · management and general $258,235

  • 10 · Payroll taxes

    total $21,777 · management and general $21,777

  • 11b · Fees: legal

    total $9,339 · program services $9,339

  • 12 · Advertising and promotion

    total $1,974 · program services $1,974

  • 13 · Office expenses

    total $1,520 · management and general $1,520

  • 16 · Occupancy

    total $78,000 · program services $39,000 · management and general $39,000

  • 17 · Travel

    total $11,509 · program services $11,509

  • 23 · Insurance

    total $26,739 · program services $15,763 · management and general $10,976

  • 24a · Other expenses: BOOKEEPING

    total $37,925 · program services $37,925

  • 24b · Other expenses: WEB DESIGN

    total $34,069 · program services $34,069

  • 24c · Other expenses: CONTRACTORS & CONSULTANTS

    total $22,270 · program services $22,270

  • 24d · Other expenses: PRODUCTION FEES

    total $20,272 · program services $20,272

  • 24e · All other expenses

    total $94,431 · program services $88,959 · management and general $5,472

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $418,793 · end of year $409,386

  • 4 · Accounts receivable

    beginning of year $271 · end of year $75,325

  • 8 · Inventories for sale or use

    beginning of year $20,000 · end of year $20,000

  • 10a · Land, buildings and equipment: cost or other basis

    $4,571

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,571

  • 11 · Investments: publicly traded securities

    beginning of year $798,601 · end of year $985,077

  • 15 · Other assets

    beginning of year $20,058 · end of year $17,659

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,708 · end of year $6,531

  • 19 · Deferred revenue

    end of year $20,000

  • 25 · Other liabilities

    beginning of year $5,734 · end of year $8,686

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,250,281 · end of year $1,472,230

Mission and programs · 2023

Mission

TO CONNECT POETRY AND RELATED ART FORMS TO A LARGER AUDIENCE USING INNOVATIVE IDEAS, SUCH AS COMMUNICATION TECHNOLOGY, AUDIOVISUAL MATERIALS, AND TECHNIQUES AND TO PROVIDE GRANTS FOR AIDS RESERARCH & MEDICAL TREATEMENT EXPENSES FOR AIDS VICTIMS

  • TO CONNECT POETRY AND RELATED ART FORMS TO A LARGER AUDIENCE USING INNOVATIVE IDEAS, SUCH AS COMMUNICATION TECHNOLOGY, AUDIOVISUAL MATERIALS, AND TECHNIQUES AND TO PROVIDE GRANTS FOR AIDS RESERARCH & MEDICAL TREATEMENT EXPENSES FOR AIDS VICTIMS

    Expenses $311,080 · Grants $34,877 · Revenue $620,846

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ugo Rondinone

    PRESIDENT

    Total calculated
    $0

  • Laura Hoptman

    VICE PRESIDE

    Total calculated
    $0

  • Mattias Herold

    TREASURER

    Total calculated
    $0

  • Anthony Huberman

    DIRECTOR

    Total calculated
    $150,000
    From this org
    $150,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
7 October 2024
IRS schema version
2023v5.0
Source object
202422819349301027

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