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← TORCH LITERARY ARTS

Form 990 for tax year 2023

Filed by TORCH LITERARY ARTS.

Totals

Total revenue
$247,648
Total expenses
$214,420
Contributions and grants received
$246,694
Grants paid
$0
Program service revenue
$830
Investment income
$124
Other revenue
$0
Total assets, end of year
$126,214
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$126,214
Program services expenses (Part IX)
$188,706
Management and general expenses
$25,714
Fundraising expenses
$0
Program service expenses (Part III)
$188,706

Program services were 88.0% 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.

  • 1e · Government grants (contributions)

    $135,000

  • 1f · All other contributions, gifts and grants

    $111,694

  • 2a · Program service revenue: TICKET SALES

    total $830 · related or exempt $830

  • 3 · Investment income

    total $124 · excluded $124

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $74,750 · program services $74,750

  • 7 · Other salaries and wages

    total $7,579 · program services $7,579

  • 10 · Payroll taxes

    total $6,368 · program services $6,368

  • 11c · Fees: accounting

    total $7,371 · management and general $7,371

  • 11g · Fees: other

    total $59,828 · program services $59,828

  • 12 · Advertising and promotion

    total $3,775 · program services $3,775

  • 13 · Office expenses

    total $4,320 · management and general $4,320

  • 14 · Information technology

    total $4,977 · management and general $4,977

  • 17 · Travel

    total $1,350 · program services $1,350

  • 19 · Conferences, conventions and meetings

    total $35,056 · program services $35,056

  • 23 · Insurance

    total $1,553 · management and general $1,553

  • 24a · Other expenses: OFFICE MEALS

    total $2,853 · management and general $2,853

  • 24b · Other expenses: STAFF PROFESSIONAL DEVE

    total $1,825 · management and general $1,825

  • 24c · Other expenses: PHONE/INTERNET

    total $1,200 · management and general $1,200

  • 24d · Other expenses: MERCHANT FEES

    total $628 · management and general $628

  • 24e · All other expenses

    total $987 · management and general $987

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $62,900 · end of year $96,581

  • 2 · Savings and temporary cash investments

    beginning of year $30,086 · end of year $29,633

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $92,986 · end of year $126,214

Mission and programs · 2023

Mission

TO PROMOTE THE WORK OF BLACK WOMEN BY PUBLISHING CONTEMPORARY CREATIVE WRITING BY EMERGING AND EXPERIENCED WRITERS ALIKE, TO ARCHIVE CONTRIBUTORS' LITERARY WORK FOR POSTERITY AND EDUCATIONAL PURPOSES, AND PROVIDE RESOURCES AND OPPORTUNITIES FOR THE ADVANCEMENT OF BLACK WOMEN THROUGH LITERARY ARTS.

  • TORCH MAGAZINE: ONLINE LITERARY MAGAZINE THAT PUBLISHES FEATURES MONTHLY ACROSS POETRY, FICTION, CREATIVE NONFICTION, AND SCRIPT (PLAYS AND SCREENPLAYS).

    Expenses $33,967

  • READING SERIES FEATURES NOTABLE AUTHORS AT A PUBLIC READING TO CELEBRATE AND PROMOTE THEIR CURRENT PUBLICATIONS AND ENGAGE THE LOCAL LITERARY COMMUNITY.

    Expenses $84,765 · Revenue $830

  • SPECIAL EVENTS: READINGS, PANELS, AND CRAFT CONVERSATIONS TO AMPLIFY BLACK WOMEN WRITERS AND INCREASE AWARENESS OF LITERARY ARTS.

    Expenses $35,854

  • RETREAT: TORCH PROVIDES AN ANNUAL CREATIVE WRITING RETREAT FOR FELLOWS WITH WORKS-IN-PROGRESS ACROSS POETRY, FICTION, CREATIVE NONFICTION, AND SCRIPT (PLAYS AND SCREENPLAYS)

    Expenses $34,120

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

Listed in Part VII

  • Amanda Johnston

    EXECUTIVE DIRECTOR

    Total calculated
    $74,750
    From this org
    $74,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sequoia Maner

    BD CHAIR (BEG OCT 23)

    Total calculated
    $0
    Hours/week
    2

  • Stephanie Lang

    BOARD SECRETARY (AS OF DEC 2023)

    Total calculated
    $0
    Hours/week
    2

  • Candace Lopez

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Omi Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Florinda Bryant

    BOARD CHAIR (JAN 2023 TO OCT 2023)

    Total calculated
    $0
    Hours/week
    2

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
22 July 2024
IRS schema version
2023v5.1
Source object
202402059349300200

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