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Nonprofiteer
← POETS & WRITERS INC

Form 990 for tax year 2023

Filed by POETS & WRITERS INC.

Totals

Total revenue
$3,869,293
Total expenses
$4,569,613
Contributions and grants received
$1,555,204
Grants paid
$363,775
Program service revenue
$1,934,007
Investment income
$253,525
Other revenue
$126,557
Total assets, end of year
$10,542,271
Total liabilities, end of year
$2,676,237
Net assets or fund balances, end of year
$7,866,034
Program services expenses (Part IX)
$3,570,233
Management and general expenses
$631,889
Fundraising expenses
$367,491
Program service expenses (Part III)
$3,570,233

Program services were 78.1% 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

    $824,249

  • 1e · Government grants (contributions)

    $212,760

  • 1f · All other contributions, gifts and grants

    $518,195

  • 2a · Program service revenue: MAGAZINE ADVERTISING

    total $1,305,263 · unrelated business $1,305,263

  • 2b · Program service revenue: SUBSCRIPTIONS

    total $628,744 · related or exempt $628,744

  • 3 · Investment income

    total $160,609 · excluded $160,609

  • 6a · Gross rents

    real property $23,922

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $23,922

  • 6d · Net rental income or loss

    total $23,922 · excluded $23,922

  • 7a · Gross sales of assets other than inventory

    securities $3,138,862

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

    securities $3,045,946

  • 7c · Gain or loss

    securities $92,916

  • 7d · Net gain or loss

    total $92,916 · excluded $92,916

  • 8a · Fundraising events: gross income

    $206,224

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

    $824,249

  • 8b · Fundraising events: direct expenses

    $206,224

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: MISCELLANEOUS

    total $102,635 · related or exempt $88,963 · excluded $13,672

  • 11e · Other revenue, total

    $102,635

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $363,775 · program services $363,775

  • 5 · Compensation of officers, directors and key employees

    total $382,575 · program services $177,792 · management and general $129,982 · fundraising $74,801

  • 7 · Other salaries and wages

    total $1,413,538 · program services $1,111,795 · management and general $152,775 · fundraising $148,968

  • 8 · Pension plan contributions

    total $5,399 · program services $3,900 · management and general $831 · fundraising $668

  • 9 · Other employee benefits

    total $218,071 · program services $165,268 · management and general $27,251 · fundraising $25,552

  • 10 · Payroll taxes

    total $156,744 · program services $113,217 · management and general $24,125 · fundraising $19,402

  • 11c · Fees: accounting

    total $39,981 · management and general $39,981

  • 11f · Fees: investment management

    total $61,063 · management and general $61,063

  • 11g · Fees: other

    total $381,784 · program services $353,714 · management and general $22,795 · fundraising $5,275

  • 12 · Advertising and promotion

    total $292,149 · program services $284,961 · management and general $6,948 · fundraising $240

  • 13 · Office expenses

    total $55,511 · program services $22,363 · management and general $25,702 · fundraising $7,446

  • 14 · Information technology

    total $72,125 · program services $44,806 · management and general $23,190 · fundraising $4,129

  • 16 · Occupancy

    total $408,110 · program services $307,517 · management and general $57,001 · fundraising $43,592

  • 17 · Travel

    total $27,755 · program services $7,952 · management and general $19,378 · fundraising $425

  • 22 · Depreciation, depletion and amortization

    total $11,890 · program services $9,001 · management and general $1,617 · fundraising $1,272

  • 23 · Insurance

    total $19,906 · program services $10,006 · management and general $9,242 · fundraising $658

  • 24a · Other expenses: PRINTING AND PRODUCTION

    total $273,412 · program services $271,143 · management and general $1,901 · fundraising $368

  • 24b · Other expenses: MAGAZINE DISTRIBUTION

    total $270,446 · program services $270,446

  • 24c · Other expenses: CREDIT CARD FEES

    total $70,918 · program services $38,077 · management and general $28,107 · fundraising $4,734

  • 24d · Other expenses: FUNDRAISING EVENT

    total $29,961 · fundraising $29,961

  • 24e · All other expenses

    total $14,500 · program services $14,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $609,175 · end of year $249,359

  • 2 · Savings and temporary cash investments

    beginning of year $352,302 · end of year $493,026

  • 3 · Pledges and grants receivable

    beginning of year $208,250 · end of year $241,725

  • 4 · Accounts receivable

    beginning of year $154,802 · end of year $127,950

  • 9 · Prepaid expenses and deferred charges

    beginning of year $37,086 · end of year $51,150

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

    $467,602

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

    $393,078

  • 10c · Land, buildings and equipment, net

    beginning of year $33,654 · end of year $74,524

  • 11 · Investments: publicly traded securities

    beginning of year $7,706,872 · end of year $7,796,054

  • 15 · Other assets

    beginning of year $1,827,803 · end of year $1,508,483

  • 17 · Accounts payable and accrued expenses

    beginning of year $410,746 · end of year $332,903

  • 18 · Grants payable

    beginning of year $42,500

  • 19 · Deferred revenue

    beginning of year $671,210 · end of year $687,819

  • 25 · Other liabilities

    beginning of year $2,006,561 · end of year $1,655,515

  • 27 · Net assets without donor restrictions

    beginning of year $1,345,996 · end of year $1,041,819

  • 28 · Net assets with donor restrictions

    beginning of year $6,452,931 · end of year $6,824,215

Mission and programs · 2023

Mission

TO FOSTER THE PROFESSIONAL DEVELOPMENT OF POETS AND WRITERS, TO PROMOTE COMMUNICATION THROUGHOUT THE LITERARY COMMUNITY, AND TO HELP CREATE AN ENVIRONMENT IN WHICH LITERATURE CAN BE APPRECIATED BY THE WIDEST POSSIBLE PUBLIC.

  • POETS & WRITERS MAGAZINE IS THE LEADING PUBLICATION FOR POETS AND WRITERS OF LITERARY PROSE. PUBLISHED SIX TIMES A YEAR, IT DELIVERS TO ITS READERS PROFILES OF NOTED AUTHORS AND PUBLISHING PROFESSIONALS, PRACTICAL HOW-TO ARTICLES, AND THE MOST COMPREHENSIVE LIST OF GRANTS AND AWARDS AVAILABLE IN PRINT. POETS & WRITERS MAGAZINE HAS OVER 50,000 PAID SUBSCRIBERS; IT IS ALSO SOLD ON NEWSSTANDS NATIONWIDE.

    Expenses $2,196,011 · Revenue $1,916,765

  • POETS & WRITERS' WEBSITE, PW.ORG, OFFERS SELECT CONTENT FROM POETS & WRITERS MAGAZINE AS WELL AS ONLINE-ONLY EDITORIAL FEATURES AND A SUITE OF CAREFULLY VETTED DATABASES OF WRITING CONTESTS, LITERARY MAGAZINES, SMALL PRESSES, LITERARY AGENTS, MFA PROGRAMS, REVIEW OUTLETS, AND MORE. ALSO ONLINE ARE THE POETS & WRITERS DIRECTORY, WHICH LISTS MORE THAN 11,000 PUBLISHED WRITERS, AND POETS & WRITERS GROUPS, A PEER-TO-PEER NETWORKING TOOL THAT ENABLES WRITERS TO FORM, JOIN, AND MANAGE WRITING GROUPS.

    Expenses $474,656 · Revenue $17,242

  • THE READINGS & WORKSHOPS PROGRAM MAKES MINI-GRANTS TO WRITERS WHO PARTICIPATE IN PUBLIC LITERARY EVENTS AND PROVIDES TECHNICAL ASSISTANCE TO EVENT ORGANIZERS. THE PROGRAM SUPPORTS EVENTS TAKING PLACE IN NEW YORK AND CALIFORNIA, AS WELL AS EIGHT CITIES OUTSIDE THESE STATES: ATLANTA, CHICAGO, DETROIT, HOUSTON, NEW ORLEANS, SEATTLE, TUCSON, AND WASHINGTON, D.C.ADDITIONAL ONLINE COURSES OFFER PROFESSIONAL DEVELOPMENT IN BOTH THE BUSINESS AND CRAFT OF WRITING. POETS & WRITERS ALSO SPONSORS TWO PROMINENT LITERARY AWARDS: THE MAUREEN EGEN WRITERS EXCHANGE AWARD AND THE JACKSON POETRY PRIZE.

    Expenses $489,657 · Grants $363,775

  • GET THE WORD OUT IS A NEW PUBLICITY INCUBATOR THAT HELPS EARLY-CAREER AUTHORS DEVELOP A STRATEGIC MARKETING PLAN. PARTICIPANTS ARE SELECTED THROUGH A COMPETITIVE APPLICATION PROCESS. MAPPING THE MAZE IS AN ONLINE WORKSHOP THAT DEMYSTIFIES THE PUBLISHING PROCESS TO HELP WRITERS CHART A PATH TO PUBLICATION. IT INTRODUCES WRITERS FROM AROUND THE COUNTRY TO AGENTS, EDITORS, AND OTHER PUBLISHING PROFESSIONALS. ADDITIONAL ONLINE COURSES ARE PLANNED. POETS & WRITERS ALSO SPONSORS TWO PROMINENT LITERARY AWARDS: THE MAUREEN EGEN WRITERS EXCHANGE AWARD AND THE JACKSON POETRY PRIZE.

    Expenses $409,909 · Revenue $88,963

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

Listed in Part VII

  • Madeline McIntosh

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5
  • Sasha Quinton

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5
  • Paul Vidich

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5
  • Louie Andrea

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Kofi Appenteng

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Amy Berkower

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Johanna Castillo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Allison Davis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Sanyu Dillon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Alexander Enger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Kassie Evashevski

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Elliot Figman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Terrance G Finley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Janet McCarthy Grim

    BOARD MEMBER (TO JUN 2024)

    Total calculated
    $0
    Hours/week
    0.5
  • Am Homes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Kimberly Jackson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Willys Kals

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Sally Kim

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Helen Macioce

    BOARD MEMBER (TO NOV 2023)

    Total calculated
    $0
    Hours/week
    0.5
  • Katie Mahon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Michael Pietsch

    BOARD MEMBER (TO JUN 2024)

    Total calculated
    $0
    Hours/week
    0.5
  • Rochelle Riley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Eric Simonoff

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Liate Stehlik

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Elizabeth Toledo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Melissa Gradel

    EXECUTIVE DIRECTOR

    Total calculated
    $229,704
    From this org
    $216,647
    From related orgs
    $0
    Other
    $13,057
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $216,647
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,057
    Filer's total
    $229,704
  • Tia Williams

    DIRECTOR OF FINANCE

    Total calculated
    $148,404
    From this org
    $135,586
    From related orgs
    $0
    Other
    $12,818
    Hours/week
    35
  • Kevin Larimer

    EDITOR IN CHIEF

    Total calculated
    $166,624
    From this org
    $153,750
    From related orgs
    $0
    Other
    $12,874
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $153,750
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,874
    Filer's total
    $166,624
  • Tim O'Sullivan

    ASSOCIATE PUBLISHER

    Total calculated
    $128,726
    From this org
    $115,969
    From related orgs
    $0
    Other
    $12,757
    Hours/week
    35
  • Rachel Schuder

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $117,410
    From this org
    $104,700
    From related orgs
    $0
    Other
    $12,710
    Hours/week
    35
  • Jason Chapman

    DIRECTOR OF IT

    Total calculated
    $117,050
    From this org
    $104,335
    From related orgs
    $0
    Other
    $12,715
    Hours/week
    35

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
5 March 2025
IRS schema version
2023v6.0
Source object
202520669349301537

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