Civic Intelligence

Electric Lit Inc.

990EZ • Fiscal year 2014 • EIN 46-1402365

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 27, 2014

147 Prince StBrooklyn, NY 11201

(323) 839-6204

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

50th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • NTEE S • <$500k nonprofits • Source year 2014

Liabilities / Revenue

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • NTEE S • <$500k nonprofits • Source year 2014

Net Margin

81st percentile

26%

Higher net margin than 81% of similar nonprofits.

2014 filings • NTEE S • <$500k nonprofits • Source year 2014

Top Officer Pay

84th percentile

$32,800

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 26.9% of source-year revenue.

2014 filings • NTEE S • <$500k nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

$36,302

No earlier filing loaded for comparison.

Net Assets

$36,302

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$121,969

No earlier filing loaded for comparison.

Expenses

$90,284

No earlier filing loaded for comparison.

Net Income

$31,685

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100K$50K$0-$50KAssets 2014: $36,302Liabilities 2014: $0Net Assets 2014: $36,3022014Assets 2015: $33,132Liabilities 2015: $0Net Assets 2015: $33,1322015Assets 2016: $56,206Liabilities 2016: $7,231Net Assets 2016: $48,9752016Assets 2017: $59,179Liabilities 2017: $9,162Net Assets 2017: $50,0172017Assets 2018: $59,621Liabilities 2018: $16,220Net Assets 2018: $43,4012018Assets 2019: $51,859Liabilities 2019: $19,732Net Assets 2019: $32,1272019Assets 2020: $29,626Liabilities 2020: $14,635Net Assets 2020: $14,9912020Assets 2021: $16,411Liabilities 2021: $29,048Net Assets 2021: -$12,6372021Assets 2022: $24,342Liabilities 2022: $39,200Net Assets 2022: -$14,8582022Assets 2023: $58,464Liabilities 2023: $65,406Net Assets 2023: -$6,9422023Assets 2024: $18,735Liabilities 2024: $66,516Net Assets 2024: -$47,7812024

Highlighted filing

2014

Assets$36,302
Liabilities$0
Net Assets$36,302

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2014: $121,969Expenses 2014: $90,284Net Income 2014: $31,6852014Revenue 2015: $180,103Expenses 2015: $183,273Net Income 2015: -$3,1702015Revenue 2016: $255,558Expenses 2016: $252,484Net Income 2016: $3,0742016Revenue 2017: $283,704Expenses 2017: $282,662Net Income 2017: $1,0422017Revenue 2018: $294,717Expenses 2018: $301,333Net Income 2018: -$6,6162018Revenue 2019: $280,663Expenses 2019: $291,937Net Income 2019: -$11,2742019Revenue 2020: $320,464Expenses 2020: $337,600Net Income 2020: -$17,1362020Revenue 2021: $328,113Expenses 2021: $355,741Net Income 2021: -$27,6282021Revenue 2022: $411,473Expenses 2022: $413,694Net Income 2022: -$2,2212022Revenue 2023: $477,969Expenses 2023: $470,053Net Income 2023: $7,9162023Revenue 2024: $445,570Expenses 2024: $486,409Net Income 2024: -$40,8392024

Highlighted filing

2014

Revenue$121,969
Expenses$90,284
Net Income$31,685
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 27, 2014
Return Version
2014v5.0
Gross Receipts
$142,073
Mission and Program Overview

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.

The Corporation intends to achieve its charitable purposes by publishing and producing literary arts on widely used, democratic platforms, by innovative new methods of digital publishing, and by making our methods transparent and open. The Corporation's purposes are to: (i) encourage a greater understanding and enjoyment of the literary arts through the use of technology; (ii) support members of the literary community in understanding and using new technologies to promote the literary arts; and (iii) provide information and resources that will help maintain the role of literature as a vital part of American culture.

Program Services

DescriptionGrantsExpenses
Electric Literature has had an incredible year, with particular success in audience expansion. Readers have responded to the pace, clean presentation, and accessibility of electricliterature.com, as evidence by the increase in unique monthly website visitors from 75,000 to 350,000. We have experienced similar success on social media, increasing our facebook fan-base from 25,000 to 110,000 and our twitter following to 186,000. We've also expanded our distribution methods to reach new audiences, releasing an Apple Newstand app and beginning a partnership with Audible to record EL stories. EL has published over 150 pieces of stand-alone short fiction since the launch of its Recommended Reading series in May 2012, including fiction from award winning authors such as Deborah Eisenberg, Etgar Keret, Karen Russell, A.M. Homes, Steven Millhauser, and many others.$10,150$62,528
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Halimah MarcusEditorial DirectorFT$32,000$800$32,800
Russell A HunterChairman Of The BoardPT$0--
Scott LindenbaumBoard Member-$0--
Michael CunninghamBoard Member-$0--
Sara NelsonBoard Member-$0--
Lev GrossmanBoard Member-$0--
Danielle McConnellBoard Member-$0--
Sean McDonaldBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Electric Lit Inc
EIN
46-1402365
Phone
3238396204
Address
147 Prince St, Brooklyn, NY 11201

Signing Officer

Name
Russell Hunter
Title
Chairman
Phone
3238396204
Signed
2014-04-27
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

Description;Amount^Advertising and Promotion;983|Dues and Subscriptions;448|Meals and Entertainment;772|Travel;334^Total;2537^

Form 990-EZ, Part II, Line 24

Merchandise stock and computer equipment

Raw XML Appendix211 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.

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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
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ReturnHeader/BuildTS02016-02-25 16:41:14Z
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ReturnHeader/Filer/EIN0461402365
ReturnHeader/Filer/PhoneNum03238396204
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ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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Filings