Nonprofit · EIN 26-0483848
N1 FOUNDATION INC
Tax-exempt · BROOKLYN, NY 11222
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| November 30, 2025 | 990 | $1,339,904 | $1,393,292 | -$53,388 | $1,039,050 | $444,063 | $594,987 |
| November 30, 2024 | 990 (amended) | $1,300,756 | $1,101,003 | $199,753 | $906,796 | $261,259 | $645,537 |
| November 30, 2023 | 990 (amended) | $890,143 | $924,272 | -$34,129 | $760,153 | $318,772 | $441,381 |
Financial details: 990 for the year ended November 30, 2025
Revenue
- Contributions, gifts and grants
- $770,722
- of which government grants
- $62,245
- Program service revenue
- $503,704
- Investment income
- $10,361
- Royalties
- $121
- Net rental income
- $350
- Net income from fundraising events
- -$9,790
- Other revenue
- $55,117
Expenses
- Grants and similar amounts paid
- $112,500
- Compensation of officers, directors and key employees
- $136,961
- Other salaries and wages
- $309,303
- Salaries, compensation and benefits (total)
- $576,836
- Professional fundraising fees
- $0
- Accounting fees
- $22,850
- Occupancy
- $74,870
- Travel
- $10,863
- Depreciation
- $1,149
- Program services (functional)
- $1,060,261
- Management and general (functional)
- $187,071
- Fundraising (functional)
- $145,960
Balance sheet and other
- Total assets, start of year
- $906,796
- Total assets, end of year
- $1,039,050
- Total liabilities, end of year
- $444,063
- Net assets, end of year
- $594,987
- Land, buildings and equipment
- $4,591
- Publicly traded securities
- $20,951
- Net assets without donor restrictions
- $323,198
- Net assets with donor restrictions
- $271,789
- Gross receipts
- $1,446,600
- Employees
- 15
- Volunteers
- 21
- Year formed
- 2005
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended November 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK KROTOV | BOARD MEMBER/PUBLISHER Trustee or director | 10 | $67,944 | $20,000 |
| DAYNA TORTORICI | BOARD MEMBER/EXECUTIVE DIRECTOR Trustee or director, Officer | 10 | $45,981 | $20,000 |
| JYNNE DILLING MARTIN | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| CHAD HARBACH | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RONALD BARUSCH | SECRETARY (UNTIL 2/2/25) Trustee or director, Officer | 1 | $0 | $0 |
| ZHAO YANG | SECRETARY (AS OF 2/3/25) Trustee or director, Officer | 1 | $0 | $0 |
| DUSHKO PETROVICH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KATHERINE LEDERER | BOARD MEMBER (UNTIL 2/2/25) Trustee or director | 1 | $0 | $0 |
| MARK GREIF | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEITH GESSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEREMY GLICK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LULU MARTINEZ | BOARD MEMBER (UNTIL 2/2/25) Trustee or director | 1 | $0 | $0 |
| ALIA HANNA HABIB | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS GEBREMEDHIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended November 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK KROTOV | BOARD MEMBER/PUBLISHER Trustee or director | 10 | $61,583 | $20,000 |
| DAYNA TORTORICI | BOARD MEMBER/EXECUTIVE DIRECTOR Trustee or director, Officer | 10 | $45,508 | $20,000 |
| JYNNE DILLING MARTIN | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| CHAD HARBACH | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RONALD BARUSCH | SECRETARY Trustee or director | 1 | $0 | $0 |
| DUSHKO PETROVICH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ZHAO YANG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KATHERINE LEDERER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK GREIF | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEITH GESSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEREMY GLICK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LULU MARTINEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ALIA HANNA HABIB | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS GEBREMEDHIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended November 30, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAYNA TORTORICI | SECRETARY/EXECUTIVE DIRECTOR Trustee or director, Officer | 10 | $56,527 | $10,000 |
| RONALD BARUSCH | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| CHAD HARBACH | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CARLA BLUMENKRANZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEITH GESSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DUSHKO PETROVICH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NIKIL SAVAL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KATHERINE LEDERER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK GREIF | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JYNNE MARTIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEREMY GLICK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRIS PARRIS-LAMB | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ALIA HANNA HABIB | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS GEBREMEDHIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LUL MARTINEZ JULY 10 2023 THROUGH Y | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ZHAO YANG JULY 10 2023 THROUGH YEAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 37 GREENPOINT AVE STE 316, BROOKLYN, NY 11222-1554
- In care of
- % MARK GREIF
- Principal officer (990 for 2024)
- CHAD HARBACH, 37 GREENPOINT AVENUE 316 MAILBOX 18, BROOKLYN, NY 11222
- Signed the 990
- CHAD HARBACH, TREASURER
- Phone
- (718) 797-0750
- Return prepared by
- RICH AND BANDER LLP
Mission
THE N+1 FOUNDATION IS A LITERARY ORGANIZATION COMMITTED TO PUBLISHING AND PROMOTING WORK BY NEW AND DIVERSE WRITERS WHOSE STYLE, SUBJECT MATTER, AND INTELLECTUAL AMBITION ARE UNDERREPRESENTED IN MAINSTREAM PUBLICATIONS.
Program accomplishments
- PROMOTE AND FOSTER PUBLIC APPRECIATION OF AND PARTICIPATION IN THE LITERARY AND VISUAL ARTS THROUGH PUBLISHING NEWSLETTERS, LECTURES AND SYMPOSIA.Expenses $1,060,261 · grants $112,500 · revenue $503,704
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in November, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | November 30, 2025 | April 15, 2026 | 990 on file |
| 2023 | November 30, 2024 | April 15, 2025 | 990 on file |
| 2022 | November 30, 2023 | April 15, 2024 | 990 on file |
IRS record
- EIN
- 26-0483848
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- November
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A33)
- Assets (IRS master file)
- $1,039,050
- Income (IRS master file)
- $1,446,600
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | November 2025 | – | – | – | IRS |
| 990 | November 2024 | – | – | – | IRS |
| 990 | November 2023 | $881,572 | $906,101 | $496,720 | IRS |
| 990 | November 2022 | $929,686 | $962,338 | $549,507 | IRS |
| 990 | November 2021 | – | – | – | IRS |
| 990 | November 2020 | – | – | – | IRS |
| 990 | November 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about N1 FOUNDATION INC
- What is the EIN of N1 FOUNDATION INC?
- The employer identification number (EIN) of N1 FOUNDATION INC is 26-0483848.
- Is N1 FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to N1 FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does N1 FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of N1 FOUNDATION INC due?
- The return for tax year 2025 (the year ending November 30, 2026) is due April 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did N1 FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended November 2025.
- Who is the principal officer of N1 FOUNDATION INC?
- The 990 for the year ended November 30, 2025 names CHAD HARBACH.
- Who are the officers and directors of N1 FOUNDATION INC?
- The 990 for the year ended November 30, 2025 lists 14 people; 2 received compensation from the organization, the highest $67,944 (MARK KROTOV, BOARD MEMBER/PUBLISHER).
- How much revenue does N1 FOUNDATION INC have?
- On its 990 for the year ended November 30, 2025 it reported revenue of $1,339,904, expenses of $1,393,292 and total assets of $1,039,050 at year end.
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