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New York BBB Wise Giving Report for
Poets House Inc.

A BBB Accredited charity

 


  • Meets all standards

Expiration Date:
04/2015
Name:
Poets House Inc.
Address:
10 River Terrace
New York, NY 10282
Phone:
212-431-7920
Year, State Incorporated:
1985, New York
Affiliates:
None
Stated Purpose:
" Poets House is a national poetry library and literary center that invites poets and the public to step into the living tradition of poetry. Our poetry resources and literary events document the wealth and diversity of modern poetry, and stimulate public dialogue on issues of poetry in culture. "






Evaluation Conclusions
 

              
Poets House Inc. meets all 20 Standards for Charity Accountability.




Programs
 

              
Poets House is a national poetry library and literary center for poets and the public interested to access resources and literary events related to modern poetry as well as issues in the field.



Governance
 

              
Chief Executive Officer:
Mr. Lee Briccetti, Executive Director
Compensation*:
$107,000
Chair of the Board:
Mr. Robert Kissane
Chair's Profession / Business Affiliation:
President of CCS Fundraising.
Board Size:
17
Paid Staff Size:
14



Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Direct Mail Appeals, Grant Proposals, Internet, Planned Giving Arrangements.
Fundraising costs were 11.6% of related contributions. (Related contributions, which totaled $1,100,226, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              

Source of Funds  

Contributions

$856,588

Net Assets Released from Restriction

569,723

Fundraising Benefits

181,070

Earned Income

179,638

Donated Services

101,605

Other Income

10,341

Appropriation of Endowment Earnings for Expenditure

7,073

Investment Income-Net

347

Reclassification Based on Change in State Endowment Law

(8,072)

Direct Fundraising Costs

(39,037)

Total Income

$1,859,276

Program Expenses  

Library and Programs

$1,497,520
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

1,497,520
127,568
164,152

$1,789,240

$70,036




Uses of Funds as a % of Total Expenses


Programs: 84%  Fund Raising: 7%  Administrative 9% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $10,199,961
Ending net assets 9,318,556
Total liabilities 104,235

Total assets

$9,422,791






 

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This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.