EIN 36-2490808

Poetry Foundation

IRS 501(c) type
501(c)(3)
Num. employees
33
Year formed
1946
Most recent tax filings
2022-12-01
NTEE code, primary
Description
The Poetry Foundation is independent literary organization committed to a vigorous presence for poetry in our culture. It exists to discover and celebrate the best poetry and to place it before the largest possible audience.
Total revenues
$10,267,155
2022
Total expenses
$19,264,441
2022
Total assets
$292,503,710
2022
Num. employees
33
2022

Program areas at Poetry Foundation

The Poetry Foundation offers an array of free programs and events to amplify Poetry and poets and expand The audience for Poetry. In-person events at The Poetry Foundation resumed in april 2022. Events continued to include an option to connect virtually and welcomed 1,846 attendees (914 in-person and 932 virtual) to 41 events. The library hosted 12 book clubs, 133 writing workshops, and 28 field trips. It also co-led The summer Poetry teachers institute, during which 302 educators experienced two days of invigorating performances, breakout sessions, and virtual panels led by 20 poets; and Poetry out loud, a national Poetry recitation competition for high school students. To celebrate Poetry magazine's 110-year anniversary, The Foundation awarded $1,132,500 in prizes to poets, The largest prize that The Foundation has ever awarded to a cohort of living poets at one time.
Poetryfoundation.org: poetryfoundation.org is The largest free online archive of Poetry, with 46,595 poems as of 2022. It also includes a full digital archive of Poetry magazine, author bios, poem guides, content for educators, and more. Every week, it is updated with features on new Poetry collections, book reviews, podcasts, and blogs. The website averaged more than 4.2 million monthly visitors throughout 2022 . Weekly newsletters went out to 135,000 subscribers and podcasts garnered more than 28 million listeners.
"Poetry" magazine: Poetry magazine celebrated its 110-year anniversary in 2022; it remains The oldest monthly devoted to verse in The english-speaking world. In 2022, Poetry supported The Foundation's "commitment to The community" by welcoming several poets as guest editors, including esther belin, suzi f.garcia, and srikanth reddy, who edited eight of 11 issues. Poetry received more than 15,100 submission packets, paid $344,588 to contributors, donated more than 3,500 issues, and shared Poetry with 27,568 subscribers and 33,400 Poetry magazine app users. The magazine continues to prioritize discovering and providing a platform for emerging poets, publishing 256 first-time contributors, which is 70% of The poets published in 2022.
Support distrib of magazine to bring Poetry to largest audience

Grants made by Poetry Foundation

GranteeGrant descriptionAmount
Cave Canem (CC)Cave Canem Grant for National Programming$75,000
Smithsonian Institution (SI)Grant for the Smithsonian Asian Pacific American Center$65,000
Writers Without Margins2022 Equity in Verse Grant for Radical Reversal$65,000
...and 150 more grants made totalling $2,269,100

Who funds Poetry Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
John S. and James L. Knight FoundationTo Offer, in Collaboration With O, Miami, A Complimentary Week-Long Summer Poetry Teachers Institute in 2019 and 2020 To 90 K-12 and Community College Educators From Miami-Dade County.$100,000
TAWANI FoundationGeneral Support$4,800

Personnel at Poetry Foundation

NameTitleCompensation
Lawrence T ManganChief Operating Officer$290,453
Allison M ClaybonVice President of Marketing and Co$195,227
Keri CascioInformation Technology$168,142
Ydalmi NoriegaVice President of Programs and Engagement / Director Community and Foun / Community and Foundation Relations / Director Community / Library Director$180,220
Krystal LanguellFinance and Administration Director
...and 16 more key personnel

Financials for Poetry Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$131,571
Investment income and dividends$6,862,195
Net rental income$0
Net gain from sale of non-inventory assets$2,458,065
Gross sales of inventory$0
Miscellaneous revenues$815,324
Total revenues$10,267,155

Form 990s for Poetry Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-10990PFView PDF
2021-122022-11-15990PFView PDF
2020-122021-11-15990PFView PDF
2019-122021-06-14990PFView PDF
2018-122020-01-16990PFView PDF
...and 7 more Form 990s
Data update history
January 25, 2024
Updated personnel
Identified 5 new personnel
January 21, 2024
Posted financials
Added Form 990PF for fiscal year 2022
January 21, 2024
Updated personnel
Identified 5 new personnel
December 31, 2023
Used new vendors
Identified 3 new vendors, including , , and
December 28, 2023
Received grants
Identified 2 new grant, including a grant for $100,000 from John S. and James L. Knight Foundation
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate operating foundationsExempt operating foundationsCharities
Issues
Arts, cultural, and humanities
Characteristics
Provides grantsPartially liquidatedNational levelTax deductible donationsAccepts online donations
General information
Address
61 W Superior St
Chicago, IL 60654
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
poetryfoundation.org/ 
Phone
(312) 787-7070
Facebook page
poetryfoundation 
Twitter profile
@poetryfound 
IRS details
EIN
36-2490808
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1946
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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