Overview
What is The Academy Of American Poets Inc?
The Academy of American Poets Inc, situated in New York City, New York, is a distinguished nonprofit organization that champions American poetry. Their primary mission is to uplift poets by offering fellowships, awards, and prizes, such as the Poets Laureate Fellowships, Letras Boricuas Fellowship, and Amazon Literary Partnerships. They also bestow prestigious awards like the Wallace Stevens Award, Academy Fellowship, Lenore Marshall Prize, James Laughlin Award, Walt Whitman Award, Raiziss/de Palchi Translation Award, Harold Morton Landon Translation Award, American Poets Emergency Fund, and Treehouse Climate Action Poetry Prize. In addition, they grant student prizes at numerous colleges and universities nationwide. During the COVID-19 pandemic, The Academy of American Poets, in collaboration with the Community of Literary Magazine & Presses (CLMP) and the National Book Foundation, launched the Literary Arts Emergency Fund (LAEF). This initiative distributed and regranted $1 million in funding to 24 nonprofit literary arts organizations and publishers in the U.S. that suffered continued financial losses due to the pandemic. Their efforts serve to promote and support American poetry, thereby fostering a vibrant and creative literary landscape.
Official website here: www.poets.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Stars)
The Academy of American Poets Inc has achieved a remarkable 99% rating on Charity Navigator, signifying a strong performance across several key operational metrics. The high score reflects exceptional accountability and financial management, with a perfect score of 100% in this area. Notably, the organization boasts a fully independent board, thorough financial oversight, and robust policies in place to ensure transparency and ethical governance.
Strengths highlighted in the data include a program expense ratio of 86.96%, indicating that a significant portion of their funds is directed towards their programming. Their fundraising efficiency is impressive as well, with only $0.11 spent to raise every dollar. Additionally, the organization demonstrates strong leadership adaptability, with full marks in both leadership development and their adaptability statement, showcasing their commitment to continuous improvement and responsiveness to changing circumstances.
While the overall metrics are overwhelmingly positive, the breakdown reveals that the Culture & Community score, while still strong at 87%, could suggest room for further engagement or development in community involvement aspects. Nevertheless, the Academy of American Poets Inc stands out as a well-managed nonprofit organization with a clear focus on its mission and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is The Academy Of American Poets Inc legitimate?
The Academy Of American Poets Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Academy Of American Poets Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $180,478
Professional Fundraising Fees: $0
Other Salaries and Wages: $867,969
For more financial information, click here
Official website here: www.poets.org
What is the mission statement of The Academy Of American Poets Inc?
The Academy of American Poets Inc has a mission to encourage, stimulate, and foster the production of American poetry. They achieve this by providing fellowships for accomplished poets, granting scholarships, awards, and prizes for poetic achievements, and employing various means as determined by their board of directors. The organization's objectives include supporting poets financially through various awards and prizes, such as the Poets Laureate Fellowships, Letras Boricuas Fellowship, Amazon Literary Partnerships, and numerous student prizes at colleges and universities nationwide. Additionally, the Academy administered and awarded more than $2.1 million in poetry awards and prizes in 2020. In response to the COVID-19 pandemic, the organization launched and administered the Literary Arts Emergency Fund (LAEF) alongside the Community of Literary Magazine & Presses (CLMP) and the National Book Foundation. This fund distributed and regranted $1 million to 24 nonprofit literary arts organizations and publishers experiencing financial losses due to the pandemic, made possible by a grant from the Mellon Foundation.
Official website here: www.poets.org
Who is the CEO of The Academy Of American Poets Inc?
Tess O'Dwyer is the Chair of The Academy Of American Poets Inc.
Official website here: www.poets.org
What is the revenue of The Academy Of American Poets Inc?
The Academy Of American Poets Inc's revenue in 2022 was $5,154,434.
Official website here: www.poets.org
Who are the executives of The Academy Of American Poets Inc and what are their salaries?
The average compensation at The Academy Of American Poets Inc during 2022 was $47,657. There are 22 employees and 21 volunteers at The Academy Of American Poets Inc.
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Official website here: www.poets.org
Where can I find the form 990 for The Academy Of American Poets Inc?
The Academy Of American Poets Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.poets.org
Learn more at the official website: www.poets.org
Mission Statement of The Academy Of American Poets Inc
The Academy of American Poets Inc is dedicated to supporting American poets and promoting poetry. In line with its mission, the organization provides fellowships and awards to poets of proven merit, grants scholarships, awards, and prizes for poetic achievement, and employs various methods to encourage and stimulate the production of poetry, as determined by its Board of Directors.
The Academy of American Poets Inc plays a significant role in recognizing and rewarding talented poets through various awards and grants. Some of the notable awards and prizes administered and awarded by the organization include the Poets Laureate Fellowships, Letras Boricuas Fellowship, Amazon Literary Partnerships, Wallace Stevens Award, Academy Fellowship, Lenore Marshall Prize, James Laughlin Award, Walt Whitman Award, Raiziss/ de Palchi Translation Award, Harold Morton Landon Translation Award, American Poets Emergency Fund, Treehouse Climate Action Poetry Prize, and student prizes at numerous colleges and universities across the nation.
Furthermore, during the COVID-19 pandemic, the Academy of American Poets collaborated with the Community of Literary Magazine & Presses (CLMP) and the National Book Foundation to launch and administer the Literary Arts Emergency Fund (LAEF). This fund distributed and regranted $1 million to 24 nonprofit literary arts organizations and publishers across the United States that experienced financial losses as a result of the pandemic. The Academy of American Poets' commitment to supporting and uplifting poets and the literary community is exemplified through their various awards, grants, and collaborative initiatives.
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Impact
July, 2024
The Academy of American Poets Inc has a significant impact on the literary world by supporting poets through fellowships and prizes and promoting poetry. They have administered and awarded over $2.1 million in poetry awards and prizes, including prestigious honors such as Poets Laureate Fellowships, Letras Boricuas Fellowship, and the Wallace Stevens Award. Additionally, the Academy provides support through initiatives like the American Poets Emergency Fund and the Treehouse Climate Action Poetry Prize. Their efforts contribute to the encouragement, stimulation, and fostering of American poetry, showcasing the organization's dedication to furthering the art form.
This information is meant to be a general summary of The Academy Of American Poets Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $266,534
- Program Service Revenue: $190,221
- Gross Receipts: $5,154,434
Assets and Liabilities:
- Total Assets: $14,577,206
- Total Liabilities: $1,542,430
- Net Assets: $13,034,776
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PUBLICATION & WEBSITE
Revenue
$101,617
PROGRAM FEES
Revenue
$44,920
EVENT ADMISSIONS
Revenue
$43,684
Organization Details
Founding Year
1934
Phone
(212) 274-0343Principal Officer
Tess O'Dwyer
Main Address
75 MAIDEN LANE 901, NEW YORK, NY, 10038
Website
www.poets.orgNTEE Category
Code: A700 - Arts
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