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← GIORNO POETRY SYSTEMS INSTITUTE INC

Form 990 for tax year 2022

Filed by GIORNO POETRY SYSTEMS INSTITUTE INC.

Totals

Total revenue
$408,939
Total expenses
$454,437
Contributions and grants received
$0
Grants paid
$40,000
Program service revenue
$471,843
Investment income
-$62,904
Other revenue
$0
Total assets, end of year
$1,257,723
Total liabilities, end of year
$7,442
Net assets or fund balances, end of year
$1,250,281
Program services expenses (Part IX)
$304,746
Management and general expenses
$149,691
Fundraising expenses
$0
Program service expenses (Part III)
$304,746

Program services were 67.1% 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.

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $471,843 · related or exempt $471,843

  • 3 · Investment income

    total $22,155 · related or exempt $22,155

  • 7a · Gross sales of assets other than inventory

    securities $5,024

  • 7b · Less cost or other basis and sales expenses

    securities $90,083

  • 7c · Gain or loss

    securities -$85,059

  • 7d · Net gain or loss

    total -$85,059 · related or exempt -$85,059

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $40,000 · program services $40,000

  • 7 · Other salaries and wages

    total $130,108 · management and general $130,108

  • 10 · Payroll taxes

    total $11,848 · management and general $11,848

  • 11b · Fees: legal

    total $1,620 · program services $1,620

  • 12 · Advertising and promotion

    total $1,524 · program services $1,524

  • 13 · Office expenses

    total $2,028 · management and general $2,028

  • 14 · Information technology

    total $3,183 · program services $3,183

  • 16 · Occupancy

    total $78,000 · program services $78,000

  • 17 · Travel

    total $17,805 · program services $17,805

  • 22 · Depreciation, depletion and amortization

    total $263 · management and general $263

  • 23 · Insurance

    total $7,461 · program services $7,461

  • 24a · Other expenses: CONTRACTORS & CONSULTANTS

    total $48,610 · program services $48,610

  • 24b · Other expenses: STORAGE

    total $21,815 · program services $21,815

  • 24c · Other expenses: CONDITION REPORTING/CONS

    total $16,027 · program services $16,027

  • 24d · Other expenses: BOOKEEPING

    total $13,768 · program services $13,768

  • 24e · All other expenses

    total $60,377 · program services $54,933 · management and general $5,444

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $512,200 · end of year $418,793

  • 4 · Accounts receivable

    beginning of year $190 · end of year $271

  • 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

  • 10c · Land, buildings and equipment, net

    beginning of year $263

  • 11 · Investments: publicly traded securities

    beginning of year $778,760 · end of year $798,601

  • 15 · Other assets

    beginning of year $14,884 · end of year $20,058

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,397 · end of year $1,708

  • 25 · Other liabilities

    beginning of year $6,121 · end of year $5,734

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,295,779 · end of year $1,250,281

Mission and programs · 2022

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 $304,746 · Grants $40,000 · Revenue $471,843

As filed on the 2022 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

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
2022
Filed
4 January 2024
IRS schema version
2022v5.0
Source object
202430169349304203

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