NEW LITERARY PROJECT

EIN: 843898853 501(c)(3) Arts, Culture & Humanities

OAKLAND, CA

Total Revenue
$443,947
Total Expenses
$417,112
Total Assets
$264,506
Net Assets
$238,741
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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
CA
Principal Officer
DIANE DEL SIGNORE
Phone
5109190970
Tax Period
2023-01-01 to 2023-12-31

NEW LITERARY PROJECT, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $444K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $417K left a modest 6% surplus.

Mission

The New Literary Project inspires and equips writers across generations to write their hearts out.

Program Service Accomplishments

Program 1
Expenses: $59,376

The Joyce Carol Oates Prize - The Joyce Carol Oates Prize, which is named in honor of the iconic author who was the Writer-in-Residence at the Project, recognizes annually a mid-career fiction writer...

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The Joyce Carol Oates Prize - The Joyce Carol Oates Prize, which is named in honor of the iconic author who was the Writer-in-Residence at the Project, recognizes annually a mid-career fiction writer who has earned a distinguished reputation and the approbation and gratitude of readers. By naming the prize in honor of Joyce Carol Oates, the Project gratefully acknowledges her inspiring lifelong impact as a teacher and writer without peer. While there are numerous prizes for emerging writers, this prize is for an already emerged author of national consequence - short-stories and/or novels - at the relatively middle stage of a burgeoning career. By mid-career we mean an author who has published at least two notable books of fiction, and who has yet to receive capstone recognition such as Pulitzer or a MacArthur. Otherwise, there are no age, geographical, or stylistic restrictions. The winner received a $50,000 award to encourage and support forthcoming work.

Program 2
Expenses: $30,000

Creative Writing Workshops for High School Students - The New Literary Project leads creative writing workshops, free of charge, at high schools and after-school programs throughout the Bay Area...

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Creative Writing Workshops for High School Students - The New Literary Project leads creative writing workshops, free of charge, at high schools and after-school programs throughout the Bay Area. Ninety percent of students come from underserved communities and are the first in their families to go on to attend college. These workshops are taught by Simpson Fellows, who are creative writing teachers from The UC Berkeley, English Department, 50% of whom are people of color. In 2023 we conducted five workshops, at Girls Inc. of Alameda County, Contra Costa Juvenile Hall, CalPrep Charter School in Richmond, and at Northgate High School. A number of these young authors appear in Simpsonistas, our annual anthology.

Program 3
Expenses: $76,282

Jack Hazard Fellowship - The Jack Hazard Fellowship is a groundbreaking initiative that awards $5,000 of support during the summer to work on writing projects for select high school teachers from...

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Jack Hazard Fellowship - The Jack Hazard Fellowship is a groundbreaking initiative that awards $5,000 of support during the summer to work on writing projects for select high school teachers from around the United States. Jack Hazard Fellows are fiction, creative nonfiction, and memoir writers who teach full-time in an accredited high school in the United States, and they represent New Lit's commitment to support writers across generations, communities, and divides. The award's intention is to free teachers up to write freely during their summers.

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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 (2023)

Revenue Breakdown

Contributions & Grants $455,906
Program Service Revenue $0
Investment Income $0
Other Revenue $-11,959
TOTAL REVENUE $443,947

Expense Breakdown

Grants Paid $150,250
Salaries & Benefits $197,514
Fundraising Expenses $38,085
Program Expenses $346,466
Other Expenses $69,348
TOTAL EXPENSES $417,112

Year-over-Year Comparison

2023 2022 Change
Revenue $443,947 $364,269 +0.2%
Expenses $417,112 $387,580 +0.1%
Net Income $26,835 $-23,311 -2.2%
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
10
Independent Members
9
Employees
3
Volunteers
11

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
$138,000
Total Directors
10
$138,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE DIPRISCO BOARD CHAIR 25.00
Officer Director
$0 $0 $0
SHANTI ARIKER SECRETARY 2.00
Officer Director
$0 $0 $0
JAMES BELL DIRECTOR 2.00
Director
$0 $0 $0
DIANE DEL SIGNORE EXECUTIVE DIRECTOR 40.00
Officer Director
$138,000 $0 $138,000
UTTARA CHAUDHURI DIRECTOR 2.00
Director
$0 $0 $0
JOHN MURRAY DIRECTOR 2.00
Director
$0 $0 $0
JOYCE CAROL OATES HONORARY DIRECTOR 1.00
Director
$0 $0 $0
MIKE ROSS DIRECTOR 2.00
Director
$0 $0 $0
PAT SCOTT DIRECTOR 2.00
Director
$0 $0 $0
DAVID WOOD DIRECTOR 2.00
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 No data No data No data No data
2023 $443,947 $417,112 $264,506 $26,835
2022 $364,269 $387,580 $214,588 $-23,311
2021 $280,307 $284,424 $225,975 $-4,117
2020 $272,883 $302,322 $230,609 $-29,439
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