The Poetry Center
Nonprofit profile at a glance
- EIN
- 237400515
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024, Form 990-EZ 2019, Form 990-N 2015
- Location
- Chicago, IL, USA
- Phone
- 7738603442
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $840,980
- Expenses
- $581,843
- Assets
- $950,750
- Liabilities
- $31,672
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- Kevin Rooney (President)
- Nina Sudhakar (Vice President)
Highest reported compensation
- Elizabeth Sampson (Executive Dir.): $89,408 total reported compensation
- Joy Young (Director): $22,248 total reported compensation
- Ola Faleti (Director): $9,168 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To connect people and poetry, equitably engage poets with communities, and foster creative literacy in our city and beyond.
What it reported doing in 2024
Poetry Residencies - A creative literacy residency program in Chicago Public Schools and the Chicago Metro Area. The Organization hires Chicago poet/teaching artists (Poets In Residence) to teach multi-week residencies. The poets meet with their classrooms weekly, and publish student work after each session on the Organizations school publishing platform online. Each week poets and students read, write, discuss, and perform poetry. The program improves reading and writing skills, builds confidence, and affirms the voices of young Chicagoans.Pop Up Poetry - A touring, after school, and custom built performance poetry program. Hosting assemblies and one-time workshops in schools and organizations, Pop Ups typically feature three performance poets in an engaging round-robin style poetry slam, with an educational component and interactive poetry games are played with the audience.Queen Zees Poetry Adventures - A free, streaming series of poetry lessons for students in grades 2-5. Videos come with student workbooks and teacher lesson plans with optional extension materials.Blue Hour Reading & Workshop Series - A monthly, free and public reading series, and accompanying generative writing workshop hosted at Haymarket House. The series features emerging and established as well as local, national, and international writers.Literary Life Programs - In addition to Blue Hour, the Organization partners with organizations across Chicago to provide both one-time and recurring public poetry events in and around Chicago and online.Online Archive + Education Resource - A free online poetry resource and archive features a page for every poet who has read for the Poetry Center reading series since the Centers founding in 1974. Pages feature streaming audio, reading information, and offer additional resources and information on each writer.Critical Conversations @ Work - An inclusion-centered anti-racism program targeted to workplaces and organizations for employees, volunteers, and board member training. Utilizing contemporary poetry to facilitate important and challenging conversations in workplaces.
Operating model
- Revenue model
- Donor-supported. 66% 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
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 49
- Transparency & Controls: 92
- Accountability: 92
- Sustainability: 65
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 44.9%; rating input score 45
- Program expense ratio: 64.9%; rating input score 65
- Fundraising efficiency: $5.5 raised per $1 spent on fundraising; rating input score 20; 20th 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: 86.4%; rating input score 86; 21st percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 30.8%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 1.63; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 57; 57th percentile among comparable filings
- Officer compensation ratio: 20.8%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: 19.2% per year; rating input score 100; 81st percentile among comparable filings
- Revenue growth: 26% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 35.2% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: 44.9% of revenue deployed · 64.9% of spending went to programs
- Governance: 19 of 22 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $377K in reported program spending
- Leadership: top reported pay $89K · 22 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 45/100.
- High — Financial Efficiency: Fundraising efficiency scored 20/100.
- Review — Sustainability: Total-asset coverage ratio scored 58/100.
- High — Sustainability: Officer compensation ratio scored 14/100.
- Review — Sustainability: Liabilities to assets ratio scored 57/100.