Civic Intelligence

The Poetry Project Ltd

EIN 13-3317229 • 501(c)3 • New York, NY

Profile

The organization promotes, fosters, and inspires the reading and writing of contemporary poetry by (a) presenting contemporary poetry to diverse audiences, (b) increasing public recognition, awareness and appreciation of poetry and other arts, (c) providing a community setting in which poets and artists can exchange ideas and information, and (d) encouraging the participation and development of new poets from a broad range of styles.

131 East 10th StNew York, NY 10003

www.poetryproject.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

45th percentile

0.04x

Higher debt load relative to assets than 45% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

39th percentile

0.04x

Higher debt load relative to revenue than 39% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

93rd percentile

66%

Higher net margin than 93% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

76th percentile

$99,554

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

96th percentile

123%

Faster asset growth than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

96th percentile

189%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Up

$2,865,693

Up $2,145,082 (+298%) from 2023

Liabilities

Down

$128,025

Down $146,488 (-53%) from 2023

Net Assets

Up

$2,737,668

Up $2,291,570 (+514%) from 2023

Revenue

Up

$3,481,456

Up $2,343,756 (+206%) from 2023

Expenses

Up

$1,198,899

Up $52,897 (+4.6%) from 2023

Net Income

Up

$2,282,557

Up $2,290,859 (+27594%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $1,478,131Liabilities 2011: $19,473Net Assets 2011: $1,458,6582011Assets 2012: $1,484,252Liabilities 2012: $9,229Net Assets 2012: $1,475,0232012Assets 2013: $1,431,775Liabilities 2013: $25,943Net Assets 2013: $1,405,8322013Assets 2014: $1,705,824Liabilities 2014: $23,679Net Assets 2014: $1,682,1452014Assets 2015: $1,618,128Liabilities 2015: $15,996Net Assets 2015: $1,602,1322015Assets 2016: $1,509,377Liabilities 2016: $27,101Net Assets 2016: $1,482,2762016Assets 2017: $1,561,283Liabilities 2017: $16,966Net Assets 2017: $1,544,3172017Assets 2018: $1,627,860Liabilities 2018: $13,289Net Assets 2018: $1,614,5712018Assets 2019: $1,712,719Liabilities 2019: $3,542Net Assets 2019: $1,709,1772019Assets 2020: $1,473,911Liabilities 2020: $28,953Net Assets 2020: $1,444,9582020Assets 2021: $1,450,425Liabilities 2021: $150,550Net Assets 2021: $1,299,8752021Assets 2022: $573,687Liabilities 2022: $0Net Assets 2022: $573,6872022Assets 2023: $720,611Liabilities 2023: $274,513Net Assets 2023: $446,0982023Assets 2024: $2,865,693Liabilities 2024: $128,025Net Assets 2024: $2,737,6682024

Highlighted filing

2024

Assets$2,865,693
Liabilities$128,025
Net Assets$2,737,668

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2011: $341,857Expenses 2011: $300,398Net Income 2011: $41,4592011Revenue 2012: $370,858Expenses 2012: $366,117Net Income 2012: $4,7412012Revenue 2013: $315,063Expenses 2013: $390,970Net Income 2013: -$75,9072013Revenue 2014: $491,246Expenses 2014: $406,349Net Income 2014: $84,8972014Revenue 2015: $351,783Expenses 2015: $424,026Net Income 2015: -$72,2432015Revenue 2016: $460,519Expenses 2016: $494,671Net Income 2016: -$34,1522016Revenue 2017: $488,397Expenses 2017: $512,470Net Income 2017: -$24,0732017Revenue 2018: $498,532Expenses 2018: $457,734Net Income 2018: $40,7982018Revenue 2019: $535,335Expenses 2019: $501,019Net Income 2019: $34,3162019Revenue 2020: $512,436Expenses 2020: $650,142Net Income 2020: -$137,7062020Revenue 2021: $652,896Expenses 2021: $918,981Net Income 2021: -$266,0852021Revenue 2022: $418,245Expenses 2022: $1,016,312Net Income 2022: -$598,0672022Revenue 2023: $1,137,700Expenses 2023: $1,146,002Net Income 2023: -$8,3022023Revenue 2024: $3,481,456Expenses 2024: $1,198,899Net Income 2024: $2,282,5572024

Highlighted filing

2024

Revenue$3,481,456
Expenses$1,198,899
Net Income$2,282,557

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.87$0.13$2.74$3.48$1.20$2.28
2023Detailed filing. Detailed filing data is available for this year.$0.72$0.27$0.45$1.14$1.15$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.00$0.57$0.42$1.02$0.60
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.15$1.30$0.65$0.92$0.27
2020Summary only. Only limited summary data is available for this year.$1.47$0.03$1.44$0.51$0.65$0.14
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.00$1.71$0.54$0.50$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.63$0.01$1.61$0.50$0.46$0.04
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$0.02$1.54$0.49$0.51$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.51$0.03$1.48$0.46$0.49$0.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.62$0.02$1.60$0.35$0.42$0.07
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.71$0.02$1.68$0.49$0.41$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.03$1.41$0.32$0.39$0.08
2012Summary only. Only limited summary data is available for this year.$1.48$0.01$1.48$0.37$0.37$0.00
2011Summary only. Only limited summary data is available for this year.$1.48$0.02$1.46$0.34$0.30$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$3,579,352
Mission and Program Overview

Mission

The organization promotes, fosters,

See part iii, line 1 on next page.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$266,981$2,577,626▲ $2,310,645
Pledges and Grants Receivable$40,319$99,398▲ $59,079
Investments in Publicly Traded Securities$81,416$88,745▲ $7,329
Prepaid Expenses and Deferred Charges$15,029$21,629▲ $6,600
Land, Buildings, and Equipment, Net$10,585$7,214▼ $3,371
Total Assets$720,611$2,865,693▲ $2,145,082
Other Assets Total$306,281$71,081▼ $235,200
Liabilities
Other Liabilities$206,786$70,605▼ $136,181
Accounts Payable and Accrued Expenses$53,930$44,953▼ $8,977
Deferred Revenue$13,797$12,467▼ $1,330
Total Liabilities$274,513$128,025▼ $146,488
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-703,359$1,732,668▲ $2,436,027
Net Assets With Donor Restrictions$1,149,457$1,005,000▼ $144,457
Total Net Assets Fund Balance$446,098$2,737,668▲ $2,291,570
Total Liabilities and Net Assets / Fund Balance$720,611$2,865,693▲ $2,145,082

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,214$10,910$18,124
Land$0--
Other Assets Org$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$83,601-▲ $7,443-$91,044
2022$491,002-▲ $7,599$415,000$83,601
2021$1,329,686-▼ $118,684$720,000$491,002
2020$1,363,734$100,000▲ $260,952$395,000$1,329,686
2019$1,627,111$99,975▲ $56,648$420,000$1,363,734
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kyle DacuyanExecutive Director (until 1/5/2024)FT$99,554$99,554
Patricia Spears JonesBoard Member-$600$600

Board Members and Trustees

NameTitle
Ricardo Alberto MaldonadoChair
David VelascoBoard Member
Deepali ZeerBoard Member
Delana Ra DameronBoard Member
Dija VijBoard Member
Edmund BerriganBoard Member
Fred MotenBoard Member
Vincent KatzBoard Member
Molly GrossSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,351,052
Program Service Revenue
$115,172
Investment Income
$3,151
Other Revenue
$12,081
All Other Contributions
$3,321,052
Change in Net Assets
$2,282,557

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,476,956
Revenue Not Reported on Financial Statements
$4,500
Revenue Not Reported on Form 990
$9,013
Total Revenue per Audited Statements
$3,485,969
Total Revenue per Form 990
$3,481,456
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$713,216
Other Expenses$485,683
Total Fundraising Expense$218,198
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$257,662$89,247$74,760$421,669
Current Officers, Directors, Trustees, and Key Employees$31,121$62,243$62,243$155,607
Fees for Services Other$136,177$0$0$136,177
Occupancy$67,200$35,252$31,881$134,333
Other Employee Benefits$46,433$24,358$22,028$92,819
All Other Expenses$45,948$7,514$6,365$59,827
Payroll Taxes$21,571$11,316$10,234$43,121
Fees for Services Accounting$0$38,139$0$38,139
Fees for Services Legal$0$25,409$0$25,409
Travel$8,916$4,677$4,230$17,823
Information Technology$5,241$2,749$2,486$10,476
Insurance$4,941$2,592$2,344$9,877
Other Expenses$4,787$0$0$4,787
Fees for Service Investment Mgmnt Fees$0$4,500$0$4,500
Office Expenses$1,742$917$827$3,486
Depreciation Depletion$1,687$884$800$3,371
Total Functional Expenses$670,904$309,797$218,198$1,198,899

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,198,899
Expenses per Audited Statements$1,194,399
Total Expenses per Audited Statements$1,194,399
Expenses Not Reported on Financial Statements$4,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$48,596
Fundraising Direct Expenses$36,515
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala and Marathon$48,596$48,596$1,171$47,425
Total Events$48,596$48,596$36,515$12,081
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liabilities$70,605
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Poetry Project Ltd
EIN
13-3317229
Phone
2126740910
Address
131 EAST 10TH ST, NEW YORK, NY 10003

Signing Officer

Name
Nicole Wallace
Title
Executive Director
Phone
2126740910
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicole Wallace
Formed
1984
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
15
Volunteers
25

Preparer

Firm
Rich and Bander Llp
Address
79 MADISON AVE 2ND FLOOR, NEW YORK, NY 10016
Preparer
Jonathan a Bander
Phone
2126842470
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

990 is reviewed and approved by all board members prior to filling.

Pt VI, Line 12C

Annually, all board members and organization personnel must disclose conflicts of interest.

Pt VI, Line 15A

Artistic director compensation determined through comparability study using similar not for profits.

Pt VI, Line 15B

Other officer compensation determined through comparability study using similar not for profits.

Pt VI, Line 19

UPON REQUEST.

Form 990, Part IX, Line 11G

Consulting fees 5950. 5950. 0. 0.

Form 990, Part IX, Line 11G

Artistic and other fees 130227. 130227. 0. 0.

Financial Statement Notes

Pt V, Line 4

Restricted investments represent endowment funds, the income from which is to be used to supplement the contributed and earned funds that the organization uses for operating, thus replacing the monies formerly provided by substantial government grants.

Pt X, Line 2

The organization has evaluated its current tax positions and has concluded that as of june 30, 2024, the organization does not have any significant uncertain tax positions for which a reserve would be necessary.

Raw XML AppendixShowing 400 of 561 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt053930
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt044953
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0SEE PART III, LINE 1 ON NEXT PAGE.
IRS990/AllOtherContributionsAmt03321052
IRS990/AllOtherExpensesGrp/FundraisingAmt06365
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt07514
IRS990/AllOtherExpensesGrp/ProgramServicesAmt045948
IRS990/AllOtherExpensesGrp/TotalAmt059827
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
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IRS990/BooksInCareOfDetail/PhoneNum02126740910
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0131 EAST 10TH ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010003
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IRS990/BusinessRlnWithFamMemInd0false
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IRS990/CashNonInterestBearingGrp/BOYAmt0266981
IRS990/CashNonInterestBearingGrp/EOYAmt02577626
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt062243
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt062243
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt031121
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0155607
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03351052
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03151
IRS990/CYOtherExpensesAmt0485683
IRS990/CYOtherRevenueAmt012081
IRS990/CYProgramServiceRevenueAmt0115172
IRS990/CYRevenuesLessExpensesAmt02282557
IRS990/CYSalariesCompEmpBnftPaidAmt0713216
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IRS990/CYTotalRevenueAmt03481456
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IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt0800
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0884
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IRS990/DepreciationDepletionGrp/TotalAmt03371
IRS990/Desc0THE ORGANIZATION HELD READINGS, LECTURES, POETRY WORKSHOPS, SYMPOSIUMS AND PUBLISHED NEWLETTERS AND PUBLICATIONS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
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IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt015
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0670904
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IRS990/FederalGrantAuditRequiredInd0false
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IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR (UNTIL 1/5/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
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IRS990/MissionDesc0THE ORGANIZATION PROMOTES, FOSTERS, AND INSPIRES THE READING AND WRITING OF CONTEMPORARY POETRY BY (A) PRESENTING CONTEMPORARY POETRY TO DIVERSE AUDIENCES, (B) INCREASING PUBLIC RECOGNITION, AWARENESS AND APPRECIATION OF POETRY AND OTHER ARTS, (C) PROVIDING A COMMUNITY SETTING IN WHICH POETS AND ARTISTS CAN EXCHANGE IDEAS AND INFORMATION, AND (D) ENCOURAGING THE PARTICIPATION AND DEVELOPMENT OF NEW POETS FROM A BROAD RANGE OF STYLES.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SCHEDULE A PART II SECTION A LINE 1: In April 2023, the Organization was notified of a bequest from a decedents estate to the Organization. The bequest earmarked $2 million for the Organization to be distributed from the decedents business, in addition to a portion of any disposed-of Charitable Remainder Unitrust property and a portion of the remainder of the trust estate. The full remainder amount was unknown at the time of the bequest and remains unknown until the estate is fully settled. This bequest has since been disbursed from the decedents estate in a series of six cash installments throughout fiscal year 2023, amounting to $18,134,289.44. Although a final installment is forthcoming, the exact timing and amount of which are still unknown, the Organization expects it to be a significantly smaller sum (around $50,000).
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