THE ERNEST HEMINGWAY FOUNDATION INC C/O CARL EBY

EIN: 136195832 501(c)(3)

BOONE, NC

Total Revenue
$223,632
Total Expenses
$213,664
Total Assets
$708,312
Net Assets
$708,312
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
NY
Principal Officer
CARL EBY
Phone
8282622156
Tax Period
2024-01-01 to 2024-12-31

THE ERNEST HEMINGWAY FOUNDATION INC C/O CARL EBY, founded in 1965, is a small nonprofit that reported $224K in total revenue in fiscal year 2024. Revenue surged 148% from the prior year, signaling strong growth momentum. Expenses of $214K left a modest 4% surplus.

Mission

THE ERNEST HEMINGWAY FOUNDATION WAS ESTABLISHED IN 1965 "FOR THE PURPOSES OF AWAKENING, SUSTAINING AN INTEREST IN, PROMOTING, FOSTERING, STIMULATING, SUPPORTING, IMPROVING AND DEVELOPING LITERATURE AND ALL FORMS OF LITERARY COMPOSITION AND EXPRESSION." WITHIN THAT CONTEXT, THE FOUNDATION'S ACTIVITIES HAVE EMPHASIZED "THE PROMOTION, ASSISTANCE AND COORDINATION OF SCHOLARSHIP AND STUDIES RELATING TO THE WORKS AND LIFE OF THE LATE ERNEST HEMINGWAY."

Program Service Accomplishments

Program 1
Expenses: $206,578 Revenue: $103,619

THE FOUNDATION HAS TAKEN THE LEAD IN ADVANCING HEMINGWAY STUDIES THROUGH THE FOLLOWING PROGRAM ACTIVITIES:EDITING AND PUBLISHING THE HEMINGWAY REVIEW, WHICH APPEARS SEMI-ANNUALLY IN THE SPRING AND...

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THE FOUNDATION HAS TAKEN THE LEAD IN ADVANCING HEMINGWAY STUDIES THROUGH THE FOLLOWING PROGRAM ACTIVITIES:EDITING AND PUBLISHING THE HEMINGWAY REVIEW, WHICH APPEARS SEMI-ANNUALLY IN THE SPRING AND FALL, AND THE HEMINGWAY NEWSLETTER, WHICH COMES OUT EACH YEAR IN WINTER AND SUMMER. THESE OUTSTANDING PUBLICATIONS, NOW EDITED BY SUZANNE DEL GIZZO AND KIRK CURNUTT, ARE MAILED FREE TO MEMBERS OF THE SOCIETY.HOLDING BIENNIAL INTERNATIONAL CONFERENCES IN EVEN-NUMBERED YEARS, GENERALLY ALTERNATING OVERSEAS SITES WITH THOSE IN THE UNITED STATES. AWARDING ANNUALLY THE LEWIS-REYNOLDS-SMITH FOUNDERS FELLOWSHIP TO SUPPORT RESEARCH AND WRITING ON THE WORK AND LIFE OF ERNEST HEMINGWAY. THESE COMPETITIVE AWARDS ARE MADE TO SOCIETY MEMBERS WITH WORTHY PROJECTS, AND ARE FUNDED IN HONOR OF THE MEMORY OF THREE OUTSTANDING LEADERS IN THE SOCIETY: PAUL SMITH, OUR FOUNDING PRESIDENT, ROBERT W. LEWIS, A FOUNDING MEMBER AND PAST PRESIDENT, AND MICHAEL S. REYNOLDS, HEMINGWAY BIOGRAPHER WHO WAS PRESIDENT UNTIL SHORTLY BEFORE HIS DEATH IN AUGUST 2000.SPONSORING AND FUNDING THE ANNUAL PEN/HEMINGWAY AWARD FOR THE BEST FIRST BOOK OF FICTION. THIS $10,000 AWARD IS PRESENTED AT THE KENNEDY LIBRARY IN BOSTON EACH SPRING. THE SOCIETY WORKS CLOSELY WITH THE HEMINGWAY COLLECTION AT THE KENNEDY LIBRARY IN OTHER WAYS AS WELL, FOR EXAMPLE BY EVALUATING APPLICATIONS FROM SCHOLARS SEEKING TO DO RESEARCH AMONG THE TREASURE TROVE OF MANUSCRIPTS ASSEMBLED THERE.ORGANIZING AND CHAIRING ONE OR TWO SESSIONS ON HEMINGWAY AT BOTH THE MLA (MODERN LANGUAGE ASSOCIATION) AND ALA (AMERICAN LITERATURE ASSOCIATION) ANNUAL MEETINGS, WHERE MEMBERS OF THE HEMINGWAY SOCIETY HAVE AN OPPORTUNITY TO PRESENT PAPERS AND PARTICIPATE IN PANELS.SUPERVISING ONGOING MAJOR BOOK PROJECTS, INCLUDING AN EDITION OF HEMINGWAY'S COMPLETE (OR NEARLY SO) LETTERS.ABOVE ALL, ENCOURAGING THE READING AND APPRECIATION OF THE WRITING OF ERNEST HEMINGWAY, AND THE FELLOWSHIP OF HIS ADMIRERS. IN SHORT, THERE ARE MANY REASONS FOR HEMINGWAY SCHOLARS AND ENTHUSIASTS TO JOIN THE SOCIETY.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $34,246
Program Service Revenue $103,619
Investment Income $46,507
Other Revenue $39,260
TOTAL REVENUE $223,632

Expense Breakdown

Grants Paid $43,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $206,578
Other Expenses $170,664
TOTAL EXPENSES $213,664

Year-over-Year Comparison

2024 2023 Change
Revenue $223,632 $90,346 +1.5%
Expenses $213,664 $75,059 +1.8%
Net Income $9,968 $15,287 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARL EBY PRESIDENT 5.00
Officer Director
$0 $0 $0
GAIL SINCLAIR VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
MICHAEL VON CANNON TREASURER 5.00
Officer Director
$0 $0 $0
LISA TYLER SECRETARY 1.00
Officer Director
$0 $0 $0
KIRK CURNUTT DIRECTOR 1.00
Director
$0 $0 $0
SHARON HAMILTON DIRECTOR 1.00
Director
$0 $0 $0
VERNA KALE DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $223,632 $213,664 $708,312 $9,968
2023 $90,346 $75,059 $694,566 $15,287
2022 $168,052 $192,127 $639,921 $-24,075
2021 $110,775 $74,796 $778,779 $35,979
2020 $137,108 $86,047 $730,334 $51,061
2019 $95,086 $79,339 $699,311 $15,747
2018 $179,357 $164,062 $615,516 $15,295
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