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Nonprofiteer
← ELECTRIC LIT INC

Form 990 for tax year 2025

Filed by ELECTRIC LIT INC.

Totals

Total revenue
$540,887
Total expenses
$516,285
Contributions and grants received
$283,958
Grants paid
$0
Program service revenue
$247,916
Investment income
$0
Other revenue
$9,013
Total assets, end of year
$26,295
Total liabilities, end of year
$49,474
Net assets or fund balances, end of year
-$23,179
Program services expenses (Part IX)
$419,734
Management and general expenses
$28,025
Fundraising expenses
$68,526
Program service expenses (Part III)
$419,734

Program services were 81.3% 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.

  • 1b · Membership dues

    $113,115

  • 1c · Fundraising events

    $11,614

  • 1e · Government grants (contributions)

    $37,500

  • 1f · All other contributions, gifts and grants

    $121,729

  • 2a · Program service revenue: ADVERTISING INCOME

    total $65,474 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: SERVICES INCOME

    total $182,442 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $2,851

  • 8a · Fundraising events: contributions included on line 1c

    $11,614

  • 8b · Fundraising events: direct expenses

    $2,851

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $6,188

  • 10b · Cost of goods sold

    $659

  • 10c · Net income from sales of inventory

    total $5,529 · related or exempt $5,529

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $3,484 · related or exempt $3,484 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $3,484

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $71,034 · program services $35,517 · management and general $10,655 · fundraising $24,862

  • 7 · Other salaries and wages

    total $114,400 · program services $87,360 · management and general $0 · fundraising $27,040

  • 9 · Other employee benefits

    total $28,977 · program services $19,201 · management and general $1,665 · fundraising $8,111

  • 10 · Payroll taxes

    total $15,400 · program services $10,205 · management and general $885 · fundraising $4,310

  • 11c · Fees: accounting

    total $9,270 · program services $0 · management and general $9,270 · fundraising $0

  • 11g · Fees: other

    total $183,576 · program services $183,576 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $12,027 · program services $12,027 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $590 · program services $391 · management and general $34 · fundraising $165

  • 14 · Information technology

    total $60,196 · program services $60,196 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $995 · program services $659 · management and general $58 · fundraising $278

  • 17 · Travel

    total $1,700 · program services $1,700 · management and general $0 · fundraising $0

  • 24a · Other expenses: MISCELLANEOUS

    total $4,637 · program services $0 · management and general $4,637 · fundraising $0

  • 24b · Other expenses: TAXES AND LICENSES

    total $50 · program services $0 · management and general $50 · fundraising $0

  • 24c · Other expenses: BANK AND MERCHANT PROCESSING FEES

    total $9,869 · program services $6,540 · management and general $567 · fundraising $2,762

  • 24d · Other expenses: PAYROLL PROCESSING FEES

    total $3,564 · program services $2,362 · management and general $204 · fundraising $998

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,995 · end of year $19,297

  • 2 · Savings and temporary cash investments

    beginning of year $3,755 · end of year $100

  • 4 · Accounts receivable

    beginning of year $1,275 · end of year $4,290

  • 8 · Inventories for sale or use

    beginning of year $2,634 · end of year $2,502

  • 15 · Other assets

    beginning of year $76 · end of year $106

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,598 · end of year $26,081

  • 19 · Deferred revenue

    beginning of year $37,918 · end of year $23,393

  • 27 · Net assets without donor restrictions

    beginning of year -$47,781 · end of year -$23,179

Mission and programs · 2025

Mission

ELECTRIC LITERATURES MISSION IS TO AMPLIFY THE POWER OF STORYTELLING WITH DIGITAL INNOVATION, AND TO ENSURE THAT LITERATURE REMAINS A VIBRANT PRESENCE IN POPULAR CULTURE BY SUPPORTING WRITERS, EMBRACING NEW TECHNOLOGIES, AND BUILDING LITERARY COMMUNITY. WE SERVE OUR MISSION BY OPERATING LITERARY WEBSITES, DEVELOPING INNOVATIVE PUBLISHING PROJECTS, AND HOSTING FREE LITERARY EVENTS THAT ARE OPEN TO THE PUBLIC.

Activities or mission (Part I)

ELECTRIC LITERATURES MISSION IS TO KEEP LITERATURE A VITAL PART OF POPULAR CULTURE THROUGH DIGITAL INNOVATION AND SUPPORTING WRITERS.

  • Recommended Reading - weekly fiction magazine with over 100,000 readers per year, one of the largest audiences for literary short stories in the world. The Commuter - weekly magazine that publishes short, experimental prose, poetry, and graphic narrative.

    Expenses $419,734 · Revenue $247,916

As filed on the 2025 return.

Listed in Part VII

  • Halimah Marcus

    EXECUTIVE DIRECTOR

    Total calculated
    $67,385
    From this org
    $67,385
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Russell A Hunter

    BOARD CHAIRMAN/FOUNDER

    Total calculated
    $0
    Hours/week
    5
  • Michael Cunningham

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Meredith Talusan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Deesha Philyaw

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Sara Nelson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Nicole Cliffe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
26 June 2026
IRS schema version
2025v4.1
Source object
202621779349300922

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