Totals
- Total revenue
- $477,969
- Total expenses
- $470,053
- Contributions and grants received
- $319,533
- Grants paid
- $0
- Program service revenue
- $136,392
- Investment income
- $0
- Other revenue
- $22,044
- Total assets, end of year
- $58,464
- Total liabilities, end of year
- $65,406
- Net assets or fund balances, end of year
- -$6,942
- Program services expenses (Part IX)
- $378,906
- Management and general expenses
- $23,089
- Fundraising expenses
- $68,058
- Program service expenses (Part III)
- $378,906
Program services were 80.6% 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.
-
1b · Membership dues
$110,140
-
1c · Fundraising events
$8,273
-
1e · Government grants (contributions)
$70,000
-
1f · All other contributions, gifts and grants
$131,120
-
2a · Program service revenue: ADVERTISING INCOME
total $63,072 · unrelated business $0 · excluded $0
-
2b · Program service revenue: SERVICES INCOME
total $73,320 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$5,877
-
8a · Fundraising events: contributions included on line 1c
$8,273
-
8b · Fundraising events: direct expenses
$4,331
-
8c · Net income from fundraising events
total $1,546 · unrelated business $0 · excluded $1,546
-
10a · Gross sales of inventory
$25,875
-
10b · Cost of goods sold
$6,042
-
10c · Net income from sales of inventory
total $19,833 · related or exempt $19,833
-
11a · Other revenue: MISCELLANEOUS INCOME
total $665 · related or exempt $665 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$665
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $67,080 · program services $33,540 · management and general $10,062 · fundraising $23,478
-
7 · Other salaries and wages
total $117,050 · program services $88,950 · management and general $0 · fundraising $28,100
-
9 · Other employee benefits
total $2,067 · program services $1,376 · management and general $113 · fundraising $578
-
10 · Payroll taxes
total $39,286 · program services $26,134 · management and general $2,147 · fundraising $11,005
-
11b · Fees: legal
total $12,656 · program services $10,000 · management and general $2,656 · fundraising $0
-
11c · Fees: accounting
total $5,250 · program services $0 · management and general $5,250 · fundraising $0
-
11g · Fees: other
total $150,476 · program services $150,476 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $8,698 · program services $8,698 · management and general $0 · fundraising $0
-
13 · Office expenses
total $2,025 · program services $1,347 · management and general $111 · fundraising $567
-
16 · Occupancy
total $1,995 · program services $1,327 · management and general $109 · fundraising $559
-
17 · Travel
total $2,313 · program services $2,313 · management and general $0 · fundraising $0
-
24a · Other expenses: MISCELLANEOUS
total $404 · program services $0 · management and general $404 · fundraising $0
-
24b · Other expenses: COMPUTER AND INTERNET
total $34,022 · program services $34,022 · management and general $0 · fundraising $0
-
24c · Other expenses: BANK AND MERCHANT PROCESSING FEES
total $13,467 · program services $8,959 · management and general $737 · fundraising $3,771
-
24d · Other expenses: BOOK PURCHASES
total $11,764 · program services $11,764 · management and general $0 · fundraising $0
-
24e · All other expenses
total $1,500 · program services $0 · management and general $1,500 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $9,452 · end of year $50,320
-
2 · Savings and temporary cash investments
beginning of year $5,333 · end of year $361
-
3 · Pledges and grants receivable
beginning of year $500 · end of year $5,000
-
4 · Accounts receivable
beginning of year $5,850
-
8 · Inventories for sale or use
beginning of year $3,207 · end of year $2,690
-
15 · Other assets
end of year $93
-
17 · Accounts payable and accrued expenses
beginning of year $39,200 · end of year $32,901
-
19 · Deferred revenue
end of year $1,750
-
25 · Other liabilities
end of year $30,755
-
27 · Net assets without donor restrictions
beginning of year -$14,858 · end of year -$13,442
-
28 · Net assets with donor restrictions
end of year $6,500
Mission and programs · 2023
Mission
ELECTRIC LITERATURE'S MISSION IS TO AMPLIFY THE POWER OF STORYTELLING WITH DIGITAL INNOVATION, AND TO ENSURE THAT LITERATURE REMAINS A VIBRANT PRESENCE IN POPULAR CULTURE BY SUPPORTING WRITERS, EMBRACING NEW TECHNOLOGIES, AND BUILDING LITERARY COMMUNITY. WE SERVE OUR MISSION BY OPERATING LITERARY WEBSITES, DEVELOPING INNOVATIVE PUBLISHING PROJECTS, AND HOSTING FREE LITERARY EVENTS THAT ARE OPEN TO THE PUBLIC.
Activities or mission (Part I)
ELECTRIC LITERATURE'S MISSION IS TO KEEP LITERATURE A VITAL PART OF POPULAR CULTURE THROUGH DIGITAL INNOVATION AND SUPPORTING WRITERS.
-
Recommended Reading - weekly fiction magazine with over 100,000 readers per year, one of the largest audiences for literary short stories in the word. The Commuter - weekly magazine that publishes short, experimental prose, poetry, and graphic narrative.
Expenses $378,906 · Revenue $136,392
As filed on the 2023 return.
Listed in Part VII
-
Halimah MarcusHALIMAH MARCUS
EXECUTIVE DIRECTOR
- Total calculated
- $61,664
- From this org
- $61,664
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Russell A HunterRUSSELL A HUNTER
BOARD CHAIRMAN/FOUNDER
- Total calculated
- $0
- Hours/week
- 5
-
Michael CunninghamMICHAEL CUNNINGHAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Meredith TalusanMEREDITH TALUSAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Deesha PhilyawDEESHA PHILYAW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sara NelsonSARA NELSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nicole CliffeNICOLE CLIFFE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sean McDonaldSEAN MCDONALD
BOARD MEMBER
- 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
- 14 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202441359349310814
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