THE ESOPUS FOUNDATION LTD

EIN: 753115715 501(c)(3)

BROOKLYN, NY

Total Revenue
$237,867
Total Expenses
$179,869
Total Assets
$108,806
Net Assets
$99,313
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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NY
Principal Officer
Tod Lippy
Phone
2124730919
Tax Period
2019-01-01 to 2019-12-31

THE ESOPUS FOUNDATION LTD, founded in 2003, is a small nonprofit that reported $238K in total revenue in fiscal year 2019. The organization ran a surplus of $58K, a strong 24% operating margin.

Mission

The Organization's mission is to narrow the gap between creative expression and public enlightenment and to eliminate the distortion that profit-oriented media interposes between the two.

Program Service Accomplishments

Program 1
Expenses: $154,226 Revenue: $115,462

Since its inception, the Foundation has been largely devoted to creating the publication ESOPUS, which features content from all creative disciplines presented in an unmediated format. Unmediated...

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Since its inception, the Foundation has been largely devoted to creating the publication ESOPUS, which features content from all creative disciplines presented in an unmediated format. Unmediated means that ESOPUS never contains advertisements or commercially driven editorial material and employs a purposefully neutral editorial voice in order to make the magazine a distributor, rather than interpreter, of its content. A typical issue offers contemporary artist projects, creative writing, critical essays, interviews, poetry, photography and more. Each issue features high-quality printing, removable inserts (fold-outs, posters, an audio CD), and dynamic designenhancing the uniqueness of each piece rather than forcing disparate material into a standard magazine grid.Our fundamental conviction is that contemporary creative expression deserves a larger audience than it often ends up reaching. By featuring a wide range of artistic expression, and avoiding the critical, specialized jargon often found in specialized art, film, and music journals, ESOPUS has attracted an unusually broad base of readers for an arts publication. ESOPUS has brought the work of more than 500 contributors to subscribers in all 50 states and 30+ countries, as well as bookstores and newsstands around the world. Our readership includes professionals from the art, film, theater, music, and publishing fields; public libraries, educational institutions, arts organizations, and general readers who have learned about the publication through features in The New York Times, NPR, and many other mainstream venues. We have further expanded our audience by pricing each issue at considerably less than its cost of production, making ESOPUS affordable and accessible to students and others with lower incomes. In addition, the Foundation offers free copies of each issue to public, school, and alternative libraries in rural and inner-city areas. In May of 2018, we published the 256-page ESOPUS 25, the largest and most dynamic ESOPUS ever. Following that, in September, we made the difficult decision to suspend the publication of ESOPUS, commemorating this decision with the publication of our Premium Subscribers Limited-Edition artwork Esopus Drawings, a series of drawings related to the history of ESOPUS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $120,651
Program Service Revenue $115,077
Investment Income $16
Other Revenue $2,123
TOTAL REVENUE $237,867

Expense Breakdown

Grants Paid $0
Salaries & Benefits $65,373
Fundraising Expenses $6,134
Program Expenses $154,226
Other Expenses $114,496
TOTAL EXPENSES $179,869

Year-over-Year Comparison

2019 2018 Change
Revenue $237,867 $248,517 0.0%
Expenses $179,869 $310,131 -0.4%
Net Income $57,998 $-61,614 -1.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
4
Employees
2
Volunteers
N/A

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
3
$36,000
Total Directors
5
$36,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tod Lippy President 40.00
Officer Director
$36,000 $0 $36,000
Monroe Denton Secretary 1.00
Officer Director
$0 $0 $0
John Melick Director 1.00
Director
$0 $0 $0
Kay Rosen Director 1.00
Director
$0 $0 $0
Howard Seligman Treasurer 1.00
Officer 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
2019 $237,867 $179,869 $108,806 $57,998
2018 $248,517 $310,131 $79,100 $-61,614
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