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Nonprofiteer
← NEW ART PUBLICATIONS INC

Form 990 for tax year 2024

Filed by NEW ART PUBLICATIONS INC.

Totals

Total revenue
$2,365,983
Total expenses
$2,351,397
Contributions and grants received
$2,108,796
Grants paid
$0
Program service revenue
$206,499
Investment income
$45,997
Other revenue
$4,691
Total assets, end of year
$2,476,551
Total liabilities, end of year
$490,309
Net assets or fund balances, end of year
$1,986,242
Program services expenses (Part IX)
$1,882,792
Management and general expenses
$211,158
Fundraising expenses
$257,447
Program service expenses (Part III)
$1,882,792

Program services were 80.1% 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.

  • 1c · Fundraising events

    $731,183

  • 1e · Government grants (contributions)

    $137,200

  • 1f · All other contributions, gifts and grants

    $1,240,413

  • 1g · Noncash contributions included above

    $50,175

  • 2a · Program service revenue: Advertising

    total $119,700 · related or exempt $119,700

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

    total $76,312 · related or exempt $76,312

  • 2c · Program service revenue: Reprints

    total $10,487 · related or exempt $10,487

  • 3 · Investment income

    total $32,052 · related or exempt $2,867 · excluded $29,185

  • 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 $536,309

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

    securities $522,364

  • 7c · Gain or loss

    securities $13,945

  • 7d · Net gain or loss

    total $13,945 · related or exempt $13,945

  • 8a · Fundraising events: gross income

    $112,685

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

    $731,183

  • 8b · Fundraising events: direct expenses

    $112,685

  • 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 $941 · related or exempt $941

  • 11b · Other revenue: Miscellaneous

    total $3,750 · related or exempt $3,750

  • 11e · Other revenue, total

    $4,691

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 $148,912 · program services $125,086 · management and general $10,424 · fundraising $13,402

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $953,292 · program services $772,187 · management and general $61,181 · fundraising $119,924

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $87,079 · program services $67,593 · management and general $5,745 · fundraising $13,741

  • 10 · Payroll taxes

    total $93,312 · program services $76,221 · management and general $6,147 · fundraising $10,944

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $7,700 · management and general $7,700

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $10,978 · management and general $10,978

  • 11g · Fees: other

    total $431,752 · program services $342,791 · management and general $71,483 · fundraising $17,478

  • 12 · Advertising and promotion

    total $10,253 · program services $10,253

  • 13 · Office expenses

    total $50,134 · program services $42,112 · management and general $4,011 · fundraising $4,011

  • 14 · Information technology

    total $16,250 · program services $13,650 · management and general $1,300 · fundraising $1,300

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $68,402 · program services $57,458 · management and general $5,472 · fundraising $5,472

  • 17 · Travel

    total $27,935 · program services $17,239 · management and general $9,925 · fundraising $771

  • 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 $4,939 · program services $4,149 · management and general $395 · fundraising $395

  • 23 · Insurance

    total $13,941 · program services $11,967 · management and general $987 · fundraising $987

  • 24a · Other expenses: Printing and Publications

    total $144,076 · program services $144,076

  • 24b · Other expenses: Indirect benefit expenses

    total $65,738 · fundraising $65,738

  • 24c · Other expenses: Fulfillment service

    total $48,535 · program services $48,535

  • 24d · Other expenses: Production costs

    total $38,202 · program services $38,202

  • 24e · All other expenses

    total $129,967 · program services $111,273 · management and general $15,410 · fundraising $3,284

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $246,653 · end of year $312,740

  • 2 · Savings and temporary cash investments

    beginning of year $210 · end of year $45,939

  • 3 · Pledges and grants receivable

    beginning of year $454,745 · end of year $109,700

  • 4 · Accounts receivable

    beginning of year $15,850 · end of year $7,849

  • 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

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $76,012 · end of year $84,348

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

    $55,207

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

    $51,556

  • 10c · Land, buildings and equipment, net

    beginning of year $8,590 · end of year $3,651

  • 11 · Investments: publicly traded securities

    beginning of year $880,255 · end of year $1,149,909

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    beginning of year $152,125 · end of year $231,063

  • 15 · Other assets

    beginning of year $209,327 · end of year $531,352

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,842 · end of year $58,086

  • 19 · Deferred revenue

    beginning of year $46,145 · end of year $51,099

  • 25 · Other liabilities

    beginning of year $29,413 · end of year $381,124

  • 27 · Net assets without donor restrictions

    beginning of year $363,889 · end of year $412,335

  • 28 · Net assets with donor restrictions

    beginning of year $1,566,478 · end of year $1,573,907

Mission and programs · 2024

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.

  • BOMBs mission is to deliver the artists voice. We develop, publish, and preserve artist-generated materials, spotlighting artists and writers in conversation and offering a unique insight into the creative process. BOMB publishes over 360 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 new and experimental art, literature, film and music. BOMBs programs include a quarterly print magazine, a daily online publication, an Online Artists Archive of all previously published features10,000 primary-source documents by the people who make our cultureFUSE: A BOMB Podcast and an Oral History Project. BOMBs Oral History Project, which collects, documents, and preserves the stories of distinguished visual artists of the African Diaspora, now includes artists from the cities of New Orleans, New York Chicago, Detroit and Los Angeles. BOMB reaches an audience of nearly one million readers annually. In 2024-25, BOMB was awarded a Bloomberg Accelerator Grant and with the funds launched its first Membership program this past summer.

    Expenses $1,882,792 · Revenue $206,499

As filed on the 2024 return.

Listed in Part VII

  • Betsy Sussler

    Executive Dir.

    Total calculated
    $148,912
    From this org
    $140,332
    From related orgs
    $0
    Other
    $8,580
    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
  • Eric Shiner

    Interim Treasur

    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

    VP/Secretary

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

    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
2024
Filed
31 October 2025
IRS schema version
2024v5.2
Source object
202503049349301625

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