efile Public Visual Render
ObjectId: 202123199349104597 - Submission: 2021-11-15
TIN: 36-2490808
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0052
20
20
Open to Public Inspection
For calendar year 2020, or tax year beginning
01-01-2020
, and ending
12-31-2020
Name of foundation
THE POETRY FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)
61 WEST SUPERIOR ST
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHICAGO
,
IL
60654
A Employer identification number
36-2490808
B
Telephone number (see instructions)
(312) 799-8003
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
318,586,692
J
Accounting method:
Cash
Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)
Part I
Analysis of Revenue and Expenses
(The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)
(a)
Revenue and
expenses per
books
(b)
Net investment
income
(c)
Adjusted net
income
(d)
Disbursements
for charitable
purposes
(cash basis only)
1
Contributions, gifts, grants, etc., received (attach schedule)
134,945
2
Check
.............
3
Interest on savings and temporary cash investments
13,141
4
Dividends and interest from securities
...
4,830,363
4,629,592
4,830,363
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
8,791,523
b
Gross sales price for all assets on line 6a
20,087,186
7
Capital gain net income (from Part IV, line 2)
...
9,159,149
8
Net short-term capital gain
.........
1,800,259
9
Income modifications
...........
10a
Gross sales less returns and allowances
b
Less: Cost of goods sold
....
c
Gross profit or (loss) (attach schedule)
.....
11
Other income (attach schedule)
.......
721,780
269,313
991,093
12
Total.
Add lines 1 through 11
........
14,478,611
14,071,195
7,621,715
13
Compensation of officers, directors, trustees, etc.
601,103
50,677
0
550,426
14
Other employee salaries and wages
......
2,405,305
12,875
115,695
3,212,077
15
Pension plans, employee benefits
.......
682,582
9,209
11,570
631,550
16a
Legal fees (attach schedule)
.........
126,249
0
0
126,249
b
Accounting fees (attach schedule)
.......
67,700
0
0
67,700
c
Other professional fees (attach schedule)
....
590,260
367,886
94,460
482,685
17
Interest
...............
1,283,407
0
0
436,000
18
Taxes (attach schedule) (see instructions)
...
210,448
7,128
8,851
194,470
19
Depreciation (attach schedule) and depletion
...
973,729
12,195
8,197
20
Occupancy
..............
32,921
0
0
32,921
21
Travel, conferences, and meetings
.......
22,455
0
0
22,455
22
Printing and publications
..........
670,234
0
189,274
522,932
23
Other expenses (attach schedule)
.......
2,822,662
114,705
293,735
2,619,505
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
10,489,055
574,675
721,782
8,898,970
25
Contributions, gifts, grants paid
.......
1,266,603
1,266,603
26
Total expenses and disbursements.
Add lines 24 and 25
11,755,658
574,675
721,782
10,165,573
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
2,722,953
b
Net investment income
(if negative, enter -0-)
13,496,520
c
Adjusted net income
(if negative, enter -0-)
...
6,899,933
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2020)
Page 2
Form 990-PF (2020)
Page
2
Part II
Balance Sheets
Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year
End of year
(a)
Book Value
(b)
Book Value
(c)
Fair Market Value
1
Cash—non-interest-bearing
.............
1,378,446
1,011,281
1,011,281
2
Savings and temporary cash investments
.........
34,138
442,986
442,986
3
Accounts receivable
75,428
Less: allowance for doubtful accounts
1,611
78,136
73,817
73,817
4
Pledges receivable
Less: allowance for doubtful accounts
5
Grants receivable
.................
6
Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)
.....
7
Other notes and loans receivable (attach schedule)
Less: allowance for doubtful accounts
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
595,757
506,632
506,632
10a
Investments—U.S. and state government obligations (attach schedule)
b
Investments—corporate stock (attach schedule)
.......
170,819,938
189,329,886
189,329,886
c
Investments—corporate bonds (attach schedule)
.......
41,722,319
31,555,438
31,555,438
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
56,310,744
73,659,524
73,659,524
14
Land, buildings, and equipment: basis
25,435,610
Less: accumulated depreciation (attach schedule)
8,044,756
18,468,329
17,390,854
17,284,937
15
Other assets (describe
)
4,746,075
4,722,191
4,722,191
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
294,153,882
318,692,609
318,586,692
17
Accounts payable and accrued expenses
..........
312,078
478,878
18
Grants payable
.................
222,024
19
Deferred revenue
.................
613,365
703,212
20
Loans from officers, directors, trustees, and other disqualified persons
21
Mortgages and other notes payable (attach schedule)
......
12,356,074
12,306,662
22
Other liabilities (describe
)
23
Total liabilities
(add lines 17 through 22)
.........
13,503,541
13,488,752
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
274,159,393
298,578,556
25
Net assets with donor restrictions
............
6,490,948
6,625,301
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
27
Paid-in or capital surplus, or land, bldg., and equipment fund
28
Retained earnings, accumulated income, endowment, or other funds
29
Total net assets or fund balances
(see instructions)
.....
280,650,341
305,203,857
30
Total liabilities and net assets/fund balances
(see instructions)
.
294,153,882
318,692,609
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return)
...............
1
280,650,341
2
Enter amount from Part I, line 27a
.....................
2
2,722,953
3
Other increases not included in line 2 (itemize)
3
21,908,792
4
Add lines 1, 2, and 3
..........................
4
305,282,086
5
Decreases not included in line 2 (itemize)
5
78,229
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
305,203,857
Form
990-PF
(2020)
Page 3
Form 990-PF (2020)
Page
3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a)
List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a
VANGUARD
2019-01-01
2020-12-31
b
BAIRD
2019-01-01
2020-12-31
c
SEIX FUND
2019-01-01
2020-12-31
d
ING GLOBAL BOND FUNDS
2019-01-01
2020-12-31
e
PRIVATE EQUITY INVESTMENTS
P
2019-01-01
2020-12-31
CAPITAL GAINS DIVIDENDS
P
2020-01-01
2020-12-31
PRIVATE EQUITY INVESTMENTS
P
2020-01-01
2020-12-31
K1 SALES
P
2019-01-01
2020-12-31
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
12,000,000
5,567,103
6,432,897
b
500,000
269,645
230,355
c
307
307
d
566
566
e
5,782,749
4,949,157
833,592
1,803,564
1,803,564
3,305
-3,305
138,827
-138,827
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-)
or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a
6,432,897
b
230,355
c
307
d
566
e
833,592
1,803,564
-3,305
-138,827
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
9,159,149
3
Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8
...................
3
1,800,259
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1
Reserved
(a)
Reserved
(b)
Reserved
(c)
Reserved
(d)
Reserved
2
Reserved
...........................
2
3
Reserved
...........................
3
4
Reserved
...........................
4
5
Reserved
...........................
5
6
Reserved
...........................
6
7
Reserved
...........................
7
8
Reserved
,..........................
8
Form
990-PF
(2020)
Page 4
Form 990-PF (2020)
Page
4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a
Exempt operating foundations described in section 4940(d)(2), check here
and enter “N/A" on line 1.
Date of ruling or determination letter:
2008-08-01
(attach copy of letter if necessary–see instructions)
b
Reserved
................................
1
N/A
c
All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2
Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
2
0
3
Add lines 1 and 2
...........................
3
0
4
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
4
0
5
Tax based on investment income.
Subtract line 4 from line 3. If zero or less, enter -0-
.....
5
0
6
Credits/Payments:
a
2020 estimated tax payments and 2019 overpayment credited to 2020
6a
0
b
Exempt foreign organizations—tax withheld at source
......
6b
0
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
0
d
Backup withholding erroneously withheld
...........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
0
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
0
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
0
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
11
Enter the amount of line 10 to be:
Credited to 2021 estimated tax
Refunded
11
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign?
....................
1a
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition
.................................
1b
No
If the answer is "Yes" to
1a
or
1b,
attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file
Form 1120-POL
for this year?
.....................
1c
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1)
On the foundation.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?
.......
2
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments?
If "Yes," attach a conformed copy of the changes
....
3
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?
........
4a
Yes
b
If "Yes," has it filed a tax return on
Form 990-T
for this year?
...................
4b
Yes
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?
.........
5
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
By language in the governing instrument, or
By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument?
................
6
Yes
7
Did the foundation have at least $5,000 in assets at any time during the year?
If "Yes," complete Part II, col. (c),
and Part XV.
.................................
7
Yes
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
IL
,
CA
,
NY
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G?
If "No," attach explanation
.
8b
Yes
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
If "Yes," complete Part XIV
.............................
9
Yes
10
Did any persons become substantial contributors during the tax year?
If "Yes," attach a schedule listing their names
and addresses.
...............................
10
No
Form
990-PF
(2020)
Page 5
Form 990-PF (2020)
Page
5
Part VII-A
Statements Regarding Activities
(continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions
.............
11
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions
.................
12
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
Website address
WWW.POETRYFOUNDATION.ORG
14
The books are in care of
LARRY MANGAN
Telephone no.
(312) 787-7070
Located at
61 WEST SUPERIOR ST
CHICAGO
IL
ZIP+4
60654
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over
Yes
No
a bank, securities, or other financial account in a foreign country?
.................
16
No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Part VII-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1)
Engage in the sale or exchange, or leasing of property with a disqualified person?
Yes
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
......................
Yes
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Yes
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
Yes
No
(5)
Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)?
...............
Yes
No
(6)
Agree to pay money or property to a government official? (
Exception.
Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.)
.......
Yes
No
b
If any answer is "Yes" to 1a(1)–(6), did
any
of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions
........
1b
No
Organizations relying on a current notice regarding disaster assistance check here
........
c
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2020?
.............
1c
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
and 6e, Part XIII) for tax year(s) beginning before 2020?
.............
Yes
No
If "Yes," list the years
20
,
20
,
20
,
20
b
Are there any years listed in 2a for which the foundation is
not
applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to
all
years listed, answer "No" and attach statement—see instructions.)
..............
2b
c
If the provisions of section 4942(a)(2) are being applied to
any
of the years listed in 2a, list the years here.
20
,
20
,
20
,
20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year?
......................
Yes
No
b
If "Yes," did it have excess business holdings in 2020 as a result of
(1)
any purchase by the foundation
or disqualified persons after May 26, 1969;
(2)
the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or
(3)
the lapse of the 10-, 15-, or 20-year first phase holding period?
(Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2020.)
..................
3b
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
4b
No
Form
990-PF
(2020)
Page 6
Form 990-PF (2020)
Page
6
Part VII-B
Statements Regarding Activities for Which Form 4720 May Be Required
(continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1)
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
Yes
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
.............
Yes
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
Yes
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
................
Yes
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.....
Yes
No
b
If any answer is "Yes" to 5a(1)–(5), did
any
of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions
......
5b
Organizations relying on a current notice regarding disaster assistance check here
.........
c
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant?
..........
Yes
No
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract?
.....................
Yes
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
....
6b
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
Yes
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction?
....
7b
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year?
.................
Yes
No
Part VIII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1
List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a)
Name and address
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(If not paid, enter
-0-)
(d)
Contributions to employee benefit plans and deferred compensation
(e)
Expense account,
other allowances
HENRY BIENEN
PRESIDENT-THRU JUNE 2020
35.00
176,316
0
0
61 W SUPERIOR ST
CHICAGO
,
IL
60054
CAREN SKOULAS
CFO
40.00
173,540
0
0
61 W SUPERIOR ST
CHICAGO
,
IL
60054
WILLARD BUNN
CHAIR-THRU JUNE 2020
2.00
0
0
0
61 W SUPERIOR ST
CHICAGO
,
IL
60054
KATHLEEN COUGHLIN
CFO
40.00
251,247
0
0
61 W SUPERIOR ST
CHICAGO
,
IL
60054
CAREN YANIS
CHAIR
20.00
0
0
0
61 W SUPERIOR ST
CHICAGO
,
IL
60054
BLYTHE MCGARVIE
AUDIT CHAIR
2.00
0
0
0
61 W SUPERIOR ST
CHICAGO
,
IL
60054
CECILIA CONRAD
EQUITY OVERSIGHT CHAIR
2.00
0
0
0
61 W SUPERIOR ST
CHICAGO
,
IL
60054
ANDREA WISHOM
VICE CHAIR
2.00
0
0
0
61 W SUPERIOR ST
CHICAGO
,
IL
60054
ALLY BULLEY
TRUSTEE
2.00
0
0
0
61 W SUPERIOR ST
CHICAGO
,
IL
60054
MARIAN GODFREY
TRUSTEE
2.00
0
0
0
61 W SUPERIOR ST
CHICAGO
,
IL
60054
EUGENE LOWE
TRUSTEE
2.00
0
0
0
61 W SUPERIOR ST
CHICAGO
,
IL
60054
KARY MCLLWAIN
TRUSTEE
2.00
0
0
0
61 W SUPERIOR ST
CHICAGO
,
IL
60054
STUART MILLER
TRUSTEE
2.00
0
0
0
61 W SUPERIOR ST
CHICAGO
,
IL
60054
SUSAN NOYES
TRUSTEE
2.00
0
0
0
61 W SUPERIOR ST
CHICAGO
,
IL
60054
DAVID ORMESHER
TRUSTEE
2.00
0
0
0
61 W SUPERIOR ST
CHICAGO
,
IL
60054
BRIAN PROVOST
TRUSTEE
2.00
0
0
0
61 W SUPERIOR ST
CHICAGO
,
IL
60054
SCOTT TUROW
TRUSTEE
2.00
0
0
0
61 W SUPERIOR ST
CHICAGO
,
IL
60054
ANGEL YSAGUIREE
TRUSTEE
2.00
0
0
0
61 W SUPERIOR ST
CHICAGO
,
IL
60054
2
Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a)
Name and address of each employee paid more than $50,000
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(d)
Contributions to
employee benefit
plans and deferred
compensation
(e)
Expense account,
other allowances
HARLAN WALLACH
DIGITAL PROG DIR CTO
35.00
215,059
0
0
61 W SUPERIOR ST
CHICAGO
,
IL
60654
SARAH WHITCHER
MEDIA DIRECTOR
40.00
150,700
0
0
61 W SUPERIOR ST
CHICAGO
,
IL
60654
YDALMI NORIEGA
DIR COMMUNITY & FOUN
40.00
132,274
0
0
61 W SUPERIOR ST
CHICAGO
,
IL
60654
LINDSAY GARBUTT
MANAGING EDITOR
40.00
124,635
0
0
61 W SUPERIOR ST
CHICAGO
,
IL
60654
FRED SASAKI
ART DIRECTOR
40.00
117,595
0
0
61 W SUPERIOR ST
CHICAGO
,
IL
60654
Total
number of other employees paid over $50,000
...................
18
Form
990-PF
(2020)
Page 7
Form 990-PF (2020)
Page
7
Part VIII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
(continued)
3
Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a)
Name and address of each person paid more than $50,000
(b)
Type of service
(c)
Compensation
THE SHERICAN PRESS INC
PRINTING OF POETRY MAGAZINE
510,100
PO BOX 419813
BOSTON
,
MA
02241
TABLE XI PARTNERS LLC
WEBSITE DEV TO SUPPORT DIGITAL POETRY PROG
310,719
328 S JEFFERSON ST SUITE 670
CHICAGO
,
IL
60661
ONE DESIGN COMPANY
WEBSITE DEV TO SUPPORT DIGITAL POETRY PROG
241,126
230 W SUPERIOR ST
CHICAGO
,
IL
60654
PALM COAST DATA LLC
WEBSITE DEV TO SUPPORT DIGITAL POETRY PROG
190,983
PO BOX 1000 DEPT 996
MEMPHIS
,
TN
38148
FLOWERS COMMUNICATION GROUP INC
MARKETING AND CREATIVE DESIGN
147,000
303 E WACKER DR 1000
CHICAGO
,
IL
60601
Total
number of others receiving over $50,000 for professional services
.............
13
Part IX-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.
Expenses
1
POETRY PUBLIC PROGRAMS, EDUCATION, PRIZES AND AWARDSTHE FOUNDATION OFFERS AN ARRAY OF PROGRAMS TO EXPAND THE AUDIENCE FOR POETRY. IN EARLY 2020, THE FOUNDATION'S BUILDING WAS OPEN WEEKDAYS AND SELECT EXTENDED HOURS TO THE PUBLIC, INCLUDING A POETRY LIBRARY, EXHIBITION SPACE AND PERFORMANCE SPACE. IN THIS TIME WE HOSTED 67 IN-PERSON PROGRAMS INCLUDING READINGS, WORKSHOPS, AND FIELD TRIPS. IN MARCH, IN RESPONSE TO COVID-19, THE BUILDING CLOSED TO THE PUBLIC. STAFF PIVOTED TO PRESENT VIRTUAL PROGRAMS. THIS ALLOWED AUDIENCES AROUND THE WORLD TO TAKE PART IN OUR LIVE PROGRAMS. THE FOUNDATION PRESENTED 48 VIRTUAL EVENTS FOR YOUTH AND ADULTS, AND 93 ONLINE WORKSHOPS, AND A MULTI-DAY TEACHERS INSTITUTE. POETRY OUT LOUD, A NATIONAL HIGH SCHOOL RECITATION COMPETITION, COMPLETED ITS 16TH YEAR. WE AWARDED ANNUAL PRIZES, INCLUDING THE LILLY POETRY PRIZE AND FIVE LILLY-ROSENBERG FELLOWSHIPS. ALL IN-PERSON AND VIRTUAL PROGRAMS WERE FREE TO THE PUBLIC.
5,181,915
2
POETRYFOUNDATION.ORG EXPANDS POETRY'S AUDIENCE BEYOND THE PAGE BY OFFERING A WIDE RANGE OF CONTENT THAT ENGAGES WITH THE ART FORM, INCLUDING THE LARGEST, FREE ONLINE ARCHIVE OF POETRY. THE WEBBY-AWARD-WINNING WEBSITE OFFERS ARTICLES, POETRY COLLECTIONS,SIX PODCASTS, OVER 45,000 POEMS, AND A FULL DIGITAL ARCHIVE OF POETRY MAGAZINE FREE TO READ.NEW CONTENT IS ADDED TO THE WEBSITE WEEKLY, INCLUDING FEATURES ON NEW POETRY COLLECTIONS, POETS BLOGGING ON A RANGE OF TOPICS, ARTICLES FOR EDUCATORS, AND POETRY FOR CHILDREN. IN 2020 OUR WEBSITE GREETED 4.5 MILLION AVERAGE MONTHLY WEB VISITORS. OUR NEWSLETTERS HAD OVER 115,000 SUBSCRIBERS.
2,384,813
3
"POETRY" MAGAZINE (EXPENSE IS NET OF $721,780 PROGRAM REVENUE) ESTABLISHED IN 1912, POETRY MAGAZINE CONTINUES TO PRESENT THE BEST NEW POETRY WRITTEN BY DISTINGUISHED POETS, AND ALSO WORKS TO DISCOVER AND PRESENT EMERGING, NEW WRITERS WITH APPROXIMATELY 25% OF EACH ISSUE PUBLISHING A POET FOR THE FIRST TIME IN THE MAGAZINE. THE MAGAZINE ALSO FOCUSES ON CURRENT ISSUES RELATING TO POETRY IN THE CULTURE, AS WELL AS PRESENTING CRITICAL EXCHANGES, DEBATES, REVIEWS, AND SPECIAL FEATURES. IN 2020 THE MAGAZINE RECEIVED AND READ 154,000 POEM SUBMISSIONS AND 200 PROSE SUBMISSIONS, FROM WHICH IT PUBLISHED 438 POEMS AND 21 PROSE PIECES IN 10 ISSUES. CIRCULATION THIS YEAR EXCEEDED 25,000, WITH SUBSCRIBERS FROM 40 COUNTRIES. POETRY WAS RANKED NUMBER ONE IN THE 2020 PERPETUAL FOLLY LITERARY MAGAZINE RANKING FOR POETRY.
1,395,293
4
Part IX-B
Summary of Program-Related Investments
(see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.
Amount
1
2
All other program-related investments. See instructions.
3
Total.
Add lines 1 through 3
.........................
0
Form
990-PF
(2020)
Page 8
Form 990-PF (2020)
Page
8
Part X
Minimum Investment Return
(All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities
...................
1a
258,096,459
b
Average of monthly cash balances
.......................
1b
1,232,096
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
259,328,555
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets
..................
2
0
3
Subtract line 2 from line 1d
.........................
3
259,328,555
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
3,889,928
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
255,438,627
6
Minimum investment return.
Enter 5% of line 5
..................
6
12,771,931
Part XI
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part X, line 6
....................
1
2a
Tax on investment income for 2020 from Part VI, line 5
......
2a
b
Income tax for 2020. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
4
Recoveries of amounts treated as qualifying distributions
................
4
5
Add lines 3 and 4
............................
5
6
Deduction from distributable amount (see instructions)
.................
6
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1
...
7
Part XII
Qualifying Distributions
(see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26
..........
1a
10,165,573
b
Program-related investments—total from Part IX-B
..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes
...............................
2
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
b
Cash distribution test (attach the required schedule)
.................
3b
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
4
10,165,573
5
Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
income. Enter 1% of Part I, line 27b. See instructions
.................
5
0
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
10,165,573
Note:
The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.
Form
990-PF
(2020)
Page 9
Form 990-PF (2020)
Page
9
Part XIII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2019
(c)
2019
(d)
2020
1
Distributable amount for 2020 from Part XI, line 7
2
Undistributed income, if any, as of the end of 2020:
a
Enter amount for 2019 only
.......
b
Total for prior years:
20
,
20
,
20
3
Excess distributions carryover, if any, to 2020:
a
From 2015
......
b
From 2016
......
c
From 2017
......
d
From 2018
......
e
From 2019
......
f
Total
of lines 3a through e
........
4
Qualifying distributions for 2020 from Part
XII, line 4:
$
a
Applied to 2019, but not more than line 2a
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
c
Treated as distributions out of corpus (Election
required—see instructions)
........
d
Applied to 2020 distributable amount
.....
e
Remaining amount distributed out of corpus
5
Excess distributions carryover applied to 2020.
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
c
Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed
......
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
e
Undistributed income for 2019. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
f
Undistributed income for 2020. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2021
..........
7
Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions)
.......
8
Excess distributions carryover from 2015 not
applied on line 5 or line 7 (see instructions)
...
9
Excess distributions carryover to 2021.
Subtract lines 7 and 8 from line 6a
......
10
Analysis of line 9:
a
Excess from 2016
....
b
Excess from 2017
....
c
Excess from 2018
....
d
Excess from 2019
....
e
Excess from 2020
....
Form
990-PF
(2020)
Page 10
Form 990-PF (2020)
Page
10
Part XIV
Private Operating Foundations
(see instructions and Part VII-A, question 9)
1a
If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2020, enter the date of the ruling
.......
2008-08-01
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
2a
Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part X for each
year listed
..........
Tax year
Prior 3 years
(e) Total
(a)
2020
(b)
2019
(c)
2018
(d)
2017
6,899,933
5,811,634
5,372,318
4,840,777
22,924,662
b
85% of line 2a
.........
5,864,943
4,939,889
4,566,470
4,114,660
19,485,963
c
Qualifying distributions from Part XII,
line 4 for each year listed
.....
10,165,573
10,285,104
8,780,810
8,717,824
37,949,311
d
Amounts included in line 2c not used directly
for active conduct of exempt activities
..........
1,266,603
735,854
556,765
648,717
3,207,939
e
Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c
....
8,898,970
9,549,250
8,224,045
8,069,107
34,741,372
3
Complete 3a, b, or c for the
alternative test relied upon:
a
“Assets" alternative test—enter:
(1)
Value of all assets
......
0
(2)
Value of assets qualifying
under section 4942(j)(3)(B)(i)
0
b
“Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part X, line 6 for each year listed
...
8,514,621
8,373,585
8,307,685
7,653,479
32,849,370
c
“Support" alternative test—enter:
(1)
Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties)
....
0
(2)
Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)
....
0
(3)
Largest amount of support
from an exempt organization
0
(4)
Gross investment income
0
Part XV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1
Information Regarding Foundation Managers:
a
List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
b
List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
YDALMI NORIEGA FOUNDATION COMMUNITY
61 W SUPERIOR STREET
CHICAGO
,
IL
60654
(312) 799-8008
YNORIEGA@POETRYFOUNDATION.ORG
b
The form in which applications should be submitted and information and materials they should include:
CONTACT THE ORGANIZAITON
c
Any submission deadlines:
THERE ARE NO SUBMISSION DEADLINES. GRANT APPLICATIONS ARE REVIEWED YEAR ROUND ON A PERIODIC BASIS.
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
CONTACT THE ORGANIZATION
Form
990-PF
(2020)
Page 11
Form 990-PF (2020)
Page
11
Part XV
Supplementary Information
(continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient
If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
a
Paid during the year
VERSE VIDEO EDUCATION INC
207 FISHER AVENUE BROOKLINE MA
02445
BROOKLINE
,
MA
02445
PC
POETRY IN AMERICA SPONSORSHIP
100,000
VIP ARTS HOUSTON
19410 CLEVERA WLK LN HOUSTON TX
77084
HOUSTON
,
TX
77084
PC
COLONY SUMMIT SUPPORT
2,000
NEAR SOUTH PLANNING BOARD
2600 S MICHIGAN AVENUE SUITE LL-C
CHICAGO IL 60616
CHICAGO
,
IL
60616
PC
GENERAL OPERATING SUPPORT AND RENT FOR EXHIBITION TENT
25,000
CHICAGO SHAKESPEARE THEATER
800 EAST GRAND AVENUE CHICAGO IL
60611
CHICAGO
,
IL
60611
PC
SUPPORT FOR THE TAMING OF THE SHREW
50,000
CHICAGO SHAKESPEARE THEATER
800 EAST GRAND AVENUE CHICAGO IL
60611
CHICAGO
,
IL
60611
PC
SUPPORT FOR AS YOU LIKE IT
50,000
SPLIT THIS ROCK INC
1301 CONNECTICUT AVE NW SUITE 600
WASHINGTON DC 20036
WASHINGTON
,
DC
02003
PC
COMMITTED SUPPORT FOR THE 2020 STR FESTIVAL
10,000
LITERARY ARTS INC
925 SW WASHINGTON ST PORTLAND OR
97205
PORTLAND
,
OR
97205
PC
PORTLAND BOOK FESTIVAL 2020
10,000
CHICAGO THEATRE GROUP INC
170 N DEARBORN ST CHICAGO IL 60601
CHICAGO
,
IL
60601
PC
THE OUTSIDERS SUPPORT
50,000
ILLINOIS ARTS ALLIANCE FOUNDATION
70 E LAKE ST SUITE 40 CHICAGO IL
60601
CHICAGO
,
IL
60601
PC
LUNCHEON TABLE
3,500
ILLINOIS ARTS ALLIANCE FOUNDATION
70 E LAKE ST SUITE 40 CHICAGO IL
60601
CHICAGO
,
IL
60601
PC
ARTS FOR ILLINOIS RELIEF FUND CONTRIBUTION
25,000
READING BETWEEN THE LINES NFP
5614 S DORCHESTER AVE CHICAGO IL
60637
CHICAGO
,
IL
60637
PC
POETRY PROGRAM GRANT FOR SOON TO BE RELEASED INMATES
10,000
UNITED STATES ARTISTS INC
200 WEST MADISON ST 3FL CHICAGO IL
60606
CHICAGO
,
IL
60606
PC
ARTIST RELIEF FUND CONTRIBUTION
250,000
POETRY CENTER OF CHICAGO
641 W LAKE ST STE 200 CHICAGO IL
60661
CHICAGO
,
IL
60661
PC
GRANT FOR CHICAGO POETRY CENTER HANDS ON STANZAS
15,000
UNIVERSITY OF NEBRASKA
2200 VINE STREET LINCOLN NE
68583-0861
LINCOLN
,
NE
685830861
PC
AMERICAN LIFE IN POETRY GRANT
21,103
COMMUNITY BUILDING ART WORKS INC
11140 ROCKVILLE PIKE 100-661
ROCKVILLE MD 20852
ROCKVILLE
,
MD
20852
PC
COMMUNITY BUILDING ART WORKS GRANT
10,000
ILLINOIS ARTS ALLIANCE FOUNDATION
70 E LAKE ST SUITE 40 CHICAGO IL
60601
CHICAGO
,
IL
60601
PC
ARTS FOR ILLINOIS RELIEF FUND SECOND CONTRIBUTION
225,000
COURT THEATRE
5535 S ELLIS AVENUE CHICAGO IL
60637
CHICAGO
,
IL
60637
PC
CONVERSION OF SECOND INSTALLMENT OEDIPUS GRANT
50,000
PEN AMERICAN CENTER
588 BROADWAY SUITE 303 NEW YORK NY
10012
NEW YORK
,
NY
10012
PC
CONVERSION OF PEN WORLD VOICES FESTIVAL PROGRAM FUNDS
25,000
MASSACHUSETTS POETRY OUTREACH
15 CHANNEL CENTER ST 103 BOSTON MA
02210
BOSTON
,
MA
02210
PC
EMERGENCY GRANT
10,000
LAMBDA LITERARY FOUNDATION
PO BOX 20186 NEW YORK NY 10014
NEW YORK
,
NY
10014
PC
EMERGENCY GRANT
20,000
POETRY SOCIETY OF AMERICA
15 GRAMERCY PARK NEW YORK NY 10003
NEW YORK
,
NY
10003
PC
EMERGENCY GRANT
20,000
KUNDIMAN
113 W 60TH STREET ROOM 924 NEW YORK
NY 10023
NEW YORK
,
NY
10023
PC
EMERGENCY GRANT
20,000
ASIAN AMERICAN WRITER WORKSHOP
112 WEST 27TH STREET 6TH FLOOR NEW
YORK NY 10001
NEW YORK
,
NY
10001
PC
EMERGENCY GRANT
20,000
THE POETRY PROJECT LIMITED
131 E 10TH STREET NEW YORK NY 10003
NEW YORK
,
NY
10003
PC
EMERGENCY GRANT
20,000
YOUTH SPEAKS INC
1446 MARKET ST SAN FRANCISCO CA
94102
SAN FRANCISCO
,
CA
94102
PC
EMERGENCY GRANT
20,000
URBAN WORD NYC
PO BOX 1813 NEW YORK NY 10113
NEW YORK
,
NY
10113
PC
EMERGENCY GRANT
20,000
BEYOND BAROQUE FOUNDATION
681 VENICE BOULEVARD VENICE CA
90291
VENICE
,
CA
90291
PC
EMERGENCY GRANT
20,000
SPLIT THIS ROCK INC
1301 CONNECTICUT AVE NW SUITE 600
WASHINGTON DC 20036
WASHINGTON
,
DC
02003
PC
EMERGENCY GRANT
10,000
UNIVERSITY OF NOTRE DAME DU LAC
CONTROLLERS OFFICE 724 GRACE HALL
NOTRE DAME IN 46556
NOTRE DAME
,
IN
46556
PC
EMERGENCY GRANT
15,000
KENT STATE UNIVERSITY
PO BOX 5190 KENT OH 44242
KENT
,
OH
44242
PC
EMERGENCY GRANT
20,000
ZOEGLOSSIA
440 W LAS CRUCES AVE LAS CRUCES NM
88005
LAS CRUCES
,
NM
88005
PC
EMERGENCY GRANT
5,000
WOODLAND PATTERN
720 E LOCUST ST MILWAUKEE WI 53212
MILWAUKEE
,
WI
53212
PC
EMERGENCY GRANT
15,000
WOODLAND PATTERN
720 E LOCUST ST MILWAUKEE WI 53212
MILWAUKEE
,
WI
53212
PC
EMERGENCY GRANT
20,000
UNIVERSITY OF ARIZONA FOUNDATION
1111 N CHERRY AVE TUCSON AZ 85721
TUCSON
,
AZ
85721
PC
EMERGENCY GRANT
20,000
MASSACHUSETTS POETRY OUTREACH
15 CHANNEL CENTER ST 103 BOSTON MA
02210
BOSTON
,
MA
02210
PC
GENERAL SUPPORT OF POETRY PROGRAMS
20,000
UNIVERSITY OF ARIZONA FOUNDATION
1111 N CHERRY AVE TUCSON AZ 85721
TUCSON
,
AZ
85721
PC
EMERGENCY GRANT
20,000
NORTHEASTERN ILL UNIV FOUNDATION
5500 N ST LOUIS AVE CHICAGO IL
60625
CHICAGO
,
IL
60625
PC
PRISON AND NEIGHBORHOOD ARTS PROJECT
10,000
UNIVERSITY OF WYNWOOD INC
9825 NE 2ND AVE MIAMI SHORES FL
33153
MIAMI SHORES
,
FL
33153
PC
SUPPORT FOR 2020 POETRY FESTIVAL
10,000
Total
.................................
3a
1,266,603
b
Approved for future payment
Total
.................................
3b
0
Form
990-PF
(2020)
Page 12
Form 990-PF (2020)
Page
12
Part XVI-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated.
Unrelated business income
Excluded by section 512, 513, or 514
(e)
Related or exempt
function income
(See instructions.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
MAGAZINE SUBSCRIPTIONS
626,986
b
SINGLE COPY SALE INCOME
1,809
c
DISTRIBUTOR GROSS SALE INCOME
18,858
d
DIGITAL SUBSCRIPTIONS-EARNED
5,018
e
f
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
14
4
Dividends and interest from securities
....
14
4,817,603
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not debt-financed property
.....
6
Net rental income or (loss) from personal property
7
Other investment income
.....
525990
147,705
14
8
Gain or (loss) from sales of assets other than
inventory
............
525990
85,932
18
8,705,591
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
SALE OF MAIL LISTS
01
1,781
b
MISC INCOME
01
47,119
c
ADVERTISING INCOME
541800
14,940
d
ROYALTY INCOME
15
5,269
e
12
Subtotal. Add columns (b), (d), and (e)
..
248,577
13,577,363
652,671
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
14,478,611
(See worksheet in line 13 instructions to verify calculations.)
Part XVI-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
1A
SUPPORT DISTRIB OF MAGAZINE TO BRING POETRY TO LARGEST AUDIENCE
1B
SUPPORT DISTRIB OF MAGAZINE TO BRING POETRY TO LARGEST AUDIENCE
1C
SUPPORT DISTRIB OF MAGAZINE TO BRING POETRY TO LARGEST AUDIENCE
1D
SUPPORT DISTRIB OF MAGAZINE TO BRING POETRY TO LARGEST AUDIENCE
Form
990-PF
(2020)
Page 13
Form 990-PF (2020)
Page
13
Part XVII
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1)
Cash
...................................
1a(1)
No
(2)
Other assets
.................................
1a(2)
No
b
Other transactions:
(1)
Sales of assets to a noncharitable exempt organization
....................
1b(1)
No
(2)
Purchases of assets from a noncharitable exempt organization
..................
1b(2)
No
(3)
Rental of facilities, equipment, or other assets
.......................
1b(3)
No
(4)
Reimbursement arrangements
...........................
1b(4)
No
(5)
Loans or loan guarantees
.............................
1b(5)
No
(6)
Performance of services or membership or fundraising solicitations
................
1b(6)
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees
..............
1c
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column
(b)
should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column
(d)
the value of the goods, other assets, or services received.
(a)
Line No.
(b)
Amount involved
(c)
Name of noncharitable exempt organization
(d)
Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527?
...........
Yes
No
b
If "Yes," complete the following schedule.
(a)
Name of organization
(b)
Type of organization
(c)
Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
2021-11-15
May the IRS discuss this return
with the preparer shown below?
See instructions.
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
KIMBERLY A HAUMANN
Preparer's Signature
Date
2021-11-12
Check if self-
employed
PTIN
P00546491
Firm's name
PLANTE & MORAN PLLC
Firm's EIN
38-1357951
Firm's address
10 S RIVERSIDE PLAZA 9TH FLOOR
CHICAGO
,
IL
60606
Phone no.
(312) 207-1040
Form
990-PF
(2020)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description