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Nonprofiteer
← NEW ART PUBLICATIONS INC

Form 990 for tax year 2023

Filed by NEW ART PUBLICATIONS INC.

Totals

Total revenue
$2,461,768
Total expenses
$2,111,138
Contributions and grants received
$2,243,183
Grants paid
$0
Program service revenue
$182,365
Investment income
$32,690
Other revenue
$3,530
Total assets, end of year
$2,043,767
Total liabilities, end of year
$113,400
Net assets or fund balances, end of year
$1,930,367
Program services expenses (Part IX)
$1,765,346
Management and general expenses
$184,321
Fundraising expenses
$161,471
Program service expenses (Part III)
$1,765,346

Program services were 83.6% 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.

  • 1c · Fundraising events

    $871,984

  • 1e · Government grants (contributions)

    $304,062

  • 1f · All other contributions, gifts and grants

    $1,067,137

  • 2a · Program service revenue: Advertising

    total $112,255 · related or exempt $112,255

  • 2b · Program service revenue: Magazine sales & subscrip

    total $65,024 · related or exempt $65,024

  • 2c · Program service revenue: Reprints

    total $5,086 · related or exempt $5,086

  • 3 · Investment income

    total $46,827 · related or exempt $14,123 · excluded $32,704

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $420,314

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

    securities $434,451

  • 7c · Gain or loss

    securities -$14,137

  • 7d · Net gain or loss

    total -$14,137 · excluded -$14,137

  • 8a · Fundraising events: gross income

    $107,564

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

    $871,984

  • 8b · Fundraising events: direct expenses

    $107,564

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Merchandise sales

    total $370 · related or exempt $370

  • 11b · Other revenue: Miscellaneous

    total $3,160 · related or exempt $3,160

  • 11e · Other revenue, total

    $3,530

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $117,969 · program services $99,094 · management and general $8,258 · fundraising $10,617

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $824,659 · program services $704,584 · management and general $52,533 · fundraising $67,542

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $76,748 · program services $64,468 · management and general $5,372 · fundraising $6,908

  • 10 · Payroll taxes

    total $78,037 · program services $66,476 · management and general $5,058 · fundraising $6,503

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $788 · program services $662 · management and general $55 · fundraising $71

  • 11c · Fees: accounting

    total $7,000 · management and general $7,000

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $9,725 · management and general $9,725

  • 11g · Fees: other

    total $426,953 · program services $348,811 · management and general $71,852 · fundraising $6,290

  • 12 · Advertising and promotion

    total $38,254 · program services $38,254

  • 13 · Office expenses

    total $49,932 · program services $41,943 · management and general $3,495 · fundraising $4,494

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $63,411 · program services $53,265 · management and general $4,439 · fundraising $5,707

  • 17 · Travel

    total $14,586 · program services $14,586

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $10,185 · program services $8,555 · management and general $713 · fundraising $917

  • 23 · Insurance

    total $13,210 · program services $11,096 · management and general $925 · fundraising $1,189

  • 24a · Other expenses: Printing and Publications

    total $148,682 · program services $148,682

  • 24b · Other expenses: Indirect benefit expenses

    total $34,393 · fundraising $34,393

  • 24c · Other expenses: Merchant and bank service char

    total $28,099 · program services $23,603 · management and general $1,967 · fundraising $2,529

  • 24d · Other expenses: Postage and Shipping

    total $26,388 · program services $26,388

  • 24e · All other expenses

    total $142,119 · program services $114,879 · management and general $12,929 · fundraising $14,311

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $148,706 · end of year $246,653

  • 2 · Savings and temporary cash investments

    beginning of year $71,876 · end of year $210

  • 3 · Pledges and grants receivable

    beginning of year $79,610 · end of year $454,745

  • 4 · Accounts receivable

    beginning of year $43,816 · end of year $15,850

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $934 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $70,791 · end of year $76,012

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

    $55,207

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

    $46,617

  • 10c · Land, buildings and equipment, net

    beginning of year $14,574 · end of year $8,590

  • 11 · Investments: publicly traded securities

    beginning of year $922,610 · end of year $880,255

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    beginning of year $90,100 · end of year $152,125

  • 15 · Other assets

    beginning of year $257,370 · end of year $209,327

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,239 · end of year $37,842

  • 19 · Deferred revenue

    beginning of year $65,487 · end of year $46,145

  • 24 · Unsecured notes and loans payable

    beginning of year $40,000

  • 25 · Other liabilities

    beginning of year $86,401 · end of year $29,413

  • 27 · Net assets without donor restrictions

    beginning of year $260,175 · end of year $363,889

  • 28 · Net assets with donor restrictions

    beginning of year $1,211,085 · end of year $1,566,478

Mission and programs · 2023

Mission

BOMB Magazine's mission is to deliver the artist's voice. We develop, publish, and preserve artist-generated material, spotlighting artists in conversation and offering unique insight into the creative process.

  • BOMB publishes nearly 400 features every year, with a focus on interviews between artists and writers at all stages of their careers. We also publish new fiction and poetry, visual arts portfolios, and short and long-form essays on arts, performance, and literature. BOMBs programs include a quarterly print magazine, a daily online publication, an online archive of all previously published features, the Oral History Project, and FUSE: A BOMB Podcast. BOMB launched a new website in January 2024, which makes our 40+ year archive newly accessible through better design and curated content. BOMBs Oral History Project, which collects, documents, and preserves the stories of distinguished visual artists of the African Diaspora, has expanded to include the cities of New Orleans, Chicago, and Detroit. In 2024, BOMB refreshed its list of contributing editors, which now features 99 editors from across the United States, representing a broad range of disciplines, practices, career levels, and locations. BOMB reaches an audience of nearly one million readers annually.

    Expenses $1,765,346 · Revenue $182,365

As filed on the 2023 return.

Listed in Part VII

  • Betsy Sussler

    Executive Dir.

    Total calculated
    $117,969
    From this org
    $111,799
    From related orgs
    $0
    Other
    $6,170
    Hours/week
    40
  • Thomas E Moore III

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Clifford Danner

    President

    Total calculated
    $0
    Hours/week
    1
  • Rosemary Carroll

    Co-Chair

    Total calculated
    $0
    Hours/week
    2
  • Melinda Hackett

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Robert Dowling

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Natalie Frank

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • David Humphrey

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Rachel Lee Hovnanian

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Heather M Johnson

    Secretary/Treas

    Total calculated
    $0
    Hours/week
    2
  • Eric Shiner

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Adam McEwen

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Lybess Sweezy

    Co-Chair

    Total calculated
    $0
    Hours/week
    1
  • Sally Ann Page

    Vice President

    Total calculated
    $0
    Hours/week
    1
  • Odili Donald Odita

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Cary Brown-Epstein

    Trustee

    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
2023
Filed
18 October 2024
IRS schema version
2023v5.1
Source object
202402929349301110

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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