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Nonprofiteer
← NEW ART PUBLICATIONS INC

Form 990 for tax year 2022

Filed by NEW ART PUBLICATIONS INC.

Totals

Total revenue
$1,566,162
Total expenses
$2,159,553
Contributions and grants received
$1,326,656
Grants paid
$0
Program service revenue
$204,993
Investment income
$29,505
Other revenue
$5,008
Total assets, end of year
$1,700,387
Total liabilities, end of year
$229,127
Net assets or fund balances, end of year
$1,471,260
Program services expenses (Part IX)
$1,784,259
Management and general expenses
$178,570
Fundraising expenses
$196,724
Program service expenses (Part III)
$1,784,259

Program services were 82.6% 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

    $492,324

  • 1e · Government grants (contributions)

    $193,765

  • 1f · All other contributions, gifts and grants

    $640,567

  • 2a · Program service revenue: Advertising

    total $138,768 · related or exempt $138,768

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

    total $60,375 · related or exempt $60,375

  • 2c · Program service revenue: Reprints

    total $5,850 · related or exempt $5,850

  • 3 · Investment income

    total $34,137 · related or exempt $2,133 · excluded $32,004

  • 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 $224,116

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

    securities $228,748

  • 7c · Gain or loss

    securities -$4,632

  • 7d · Net gain or loss

    total -$4,632 · excluded -$4,632

  • 8a · Fundraising events: gross income

    $87,745

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

    $492,324

  • 8b · Fundraising events: direct expenses

    $87,745

  • 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 $780 · related or exempt $780

  • 11b · Other revenue: Miscellaneous

    total $4,228 · related or exempt $4,228

  • 11e · Other revenue, total

    $5,008

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 $139,375 · program services $108,713 · management and general $13,937 · fundraising $16,725

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $814,269 · program services $689,456 · management and general $59,681 · fundraising $65,132

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $89,674 · program services $74,961 · management and general $7,125 · fundraising $7,588

  • 10 · Payroll taxes

    total $77,964 · program services $65,285 · management and general $6,006 · fundraising $6,673

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $33,553 · program services $27,178 · management and general $3,020 · fundraising $3,355

  • 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 $10,070 · management and general $10,070

  • 11g · Fees: other

    total $481,148 · program services $404,705 · management and general $43,987 · fundraising $32,456

  • 12 · Advertising and promotion

    total $18,579 · program services $18,579

  • 13 · Office expenses

    total $43,422 · program services $35,172 · management and general $3,908 · fundraising $4,342

  • 14 · Information technology

    total $5,050 · program services $5,050

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $62,160 · program services $50,350 · management and general $5,594 · fundraising $6,216

  • 17 · Travel

    total $10,852 · program services $10,852

  • 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 $10,021 · program services $8,117 · management and general $902 · fundraising $1,002

  • 23 · Insurance

    total $11,925 · program services $7,289 · management and general $3,942 · fundraising $694

  • 24a · Other expenses: Printing and Publications

    total $167,765 · program services $167,765

  • 24b · Other expenses: Indirect benefit expenses

    total $42,147 · fundraising $42,147

  • 24c · Other expenses: Fulfillment service

    total $29,660 · program services $29,660

  • 24d · Other expenses: Production costs

    total $29,192 · program services $29,192

  • 24e · All other expenses

    total $75,727 · program services $51,935 · management and general $13,398 · fundraising $10,394

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $373,381 · end of year $148,706

  • 2 · Savings and temporary cash investments

    beginning of year $226,013 · end of year $71,876

  • 3 · Pledges and grants receivable

    beginning of year $111,450 · end of year $79,610

  • 4 · Accounts receivable

    beginning of year $28,580 · end of year $43,816

  • 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 $307 · end of year $934

  • 9 · Prepaid expenses and deferred charges

    beginning of year $82,866 · end of year $70,791

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

    $51,007

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

    $36,433

  • 10c · Land, buildings and equipment, net

    beginning of year $20,695 · end of year $14,574

  • 11 · Investments: publicly traded securities

    beginning of year $1,327,434 · end of year $922,610

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    beginning of year $44,600 · end of year $90,100

  • 15 · Other assets

    beginning of year $193,954 · end of year $257,370

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,606 · end of year $37,239

  • 19 · Deferred revenue

    beginning of year $54,737 · end of year $65,487

  • 24 · Unsecured notes and loans payable

    beginning of year $90,000 · end of year $40,000

  • 25 · Other liabilities

    end of year $86,401

  • 27 · Net assets without donor restrictions

    beginning of year $349,345 · end of year $260,175

  • 28 · Net assets with donor restrictions

    beginning of year $1,890,592 · end of year $1,211,085

Mission and programs · 2022

Mission

To promote and support contemporary artists and writers by expanding public awareness and appreciation of their work.

  • BOMB is a multi-platform publishing house that creates and disseminates artist-generated content that provides the public with unique insight into the creative process. BOMB includes a quarterly print magazine, a daily online publication, a digital archive, the Oral History Project, and a podcast. BOMB publishes in-depth interviews between artists, writers, and performers alongside reviews, essays, poetry, short fiction, portfolios. Over 300 features are published annually. BOMBs online audience numbers one million viewers. In 2021, BOMB received three significant grants to build the Oral History Project into a department, to complete a Strategic Plan to guide BOMB into the future, and to rebuild and relaunch the website. 2022 saw the completion of the Strategic Plan which focuses on equity, transparency and sustainability, and the creation of an Oral History Department. The rebuild of BOMBs website has been in development throughout 2022, and is scheduled to relaunch in 2023.

    Expenses $1,784,259 · Revenue $204,993

As filed on the 2022 return.

Listed in Part VII

  • Betsy Sussler

    Executive Dir.

    Total calculated
    $139,375
    From this org
    $132,623
    From related orgs
    $0
    Other
    $6,752
    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
  • George Negroponte

    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
  • Erika Ranee

    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
2022
Filed
18 October 2023
IRS schema version
2022v5.0
Source object
202342919349301549

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