New Art Publications Inc
Nonprofit profile at a glance
- EIN
- 133336695
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Brooklyn, NY, USA
- Phone
- 7186369100
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $2,365,983
- Expenses
- $2,351,397
- Assets
- $2,476,551
- Liabilities
- $490,309
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- Jennifer Clifford Danner (President)
Highest reported compensation
- Betsy Sussler (Executive Dir.): $148,912 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
BOMB Magazine's mission is to deliver the artist's voice. We develop, publish, and preserve artist-generated material, spotlighting artists in conversation and offering unique insight into the creative process.
What it reported doing in 2024
BOMBs mission is to deliver the artists voice. We develop, publish, and preserve artist-generated materials, spotlighting artists and writers in conversation and offering a unique insight into the creative process. BOMB publishes over 360 features every year, with a focus on interviews between artists and writers at all stages of their careers. We also publish new fiction and poetry, visual arts portfolios, and short and long-form essays on new and experimental art, literature, film and music. BOMBs programs include a quarterly print magazine, a daily online publication, an Online Artists Archive of all previously published features10,000 primary-source documents by the people who make our cultureFUSE: A BOMB Podcast and an Oral History Project. BOMBs Oral History Project, which collects, documents, and preserves the stories of distinguished visual artists of the African Diaspora, now includes artists from the cities of New Orleans, New York Chicago, Detroit and Los Angeles. BOMB reaches an audience of nearly one million readers annually. In 2024-25, BOMB was awarded a Bloomberg Accelerator Grant and with the funds launched its first Membership program this past summer.
Operating model
- Revenue model
- Donor-supported. 84% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 92
- Accountability: 90
- Sustainability: 39
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.3%; rating input score 80
- Program expense ratio: 80.1%; rating input score 80
- Fundraising efficiency: $8.19 raised per $1 spent on fundraising; rating input score 31; 31st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 92.3%; rating input score 92; 23rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.6%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 1.05; rating input score 39; 39th percentile among comparable filings
- Liabilities to assets ratio: 0.2; rating input score 44; 44th percentile among comparable filings
- Officer compensation ratio: 6.3%; rating input score 45; 45th percentile among comparable filings
Growth
- Program expense growth: 6.6% per year; rating input score 100; 49th percentile among comparable filings
- Revenue growth: 6.5% per year; rating input score 100; 51st percentile among comparable filings
- Asset growth: 7.8% per year; rating input score 100; 49th percentile among comparable filings
Details
- Where the money goes: 80.3% of revenue deployed · 80.1% of spending went to programs
- Governance: 12 of 13 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.9M in reported program spending
- Leadership: top reported pay $149K · 13 people listed
- Consistency: 33 of 33 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 31/100.
- Moderate — Sustainability: Operating margin scored 36/100.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 44/100.
- Moderate — Sustainability: Officer compensation ratio scored 45/100.