Nonprofit · EIN 93-2620087
IOLAS LYCEUM INC
Tax-exempt · BROOKLYN, NY 11216
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,266,079 | $65,178 | $1,200,901 | $1,200,951 | $0 | $1,200,951 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,250,000
- Program service revenue
- $0
- Investment income
- $16,079
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $52,955
- Travel
- $1,736
- Management and general (functional)
- $65,178
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $1,200,951
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,200,951
- Net assets without donor restrictions
- $1,200,951
- Gross receipts
- $1,266,079
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2023
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NIKOLE HANNAH-JONES | PRESIDENT Trustee or director, Officer | 20 | $0 |
| DAVONNE DARBY | SECRETARY Trustee or director, Officer | 10 | $0 |
| ERIC HILLMAN | TREASURER Trustee or director, Officer | 5 | $0 |
| FARAJI HANNAH-JONES | CORRESPONDING SECRETARY Trustee or director, Officer | 5 | $0 |
| KAMILAH FORBES | BOARD MEMBER Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 339 MACON ST, BROOKLYN, NY 11216-2416
- Principal officer (990 for 2024)
- NIKOLE HANNAH-JONES, 339 MACON STREET, BROOKLYN, NY 11216
- Signed the 990
- NIKOLE HANNAH-JONES, PRESIDENT
- Phone
- (917) 300-0768
- 990-N for 2023 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: NIKOLE HANNAH-JONES, 589 BAINBRIDGE STREET, BROOKLYN NY 11233. Mailing address: 589 BAINBRIDGE STREET, BROOKLYN NY 11233.
- Return prepared by
- RUBINO AND COMPANY CHARTERED
Mission
IT IS THE MISSION OF IOLA'S LYCEUM TO EMPOWER, CHALLENGE OPPRESSION, AND PROMOTE AN EQUITABLE AND FREE SOCIETY BY FOSTERING A COMMUNITY INVESTED IN THE VALUES OF COMMUNAL MINDFULNESS, INTELLECTUAL CURIOSITY, AND JUSTICE. IOLA'S LYCEUM SEEKS TO FOSTER LITERACY, COMMUNITY BUILDING, ACTIVISM AND CULTURE BY BRINGING WRITERS, ARTISTS AND OTHER CREATIVES IN A SPACE WITH COMMUNITY TO DISCUSS THEIR WORK, TO SUPPORT CREATION AND TO STRATEGIZE AROUND POLICIES IMPACTING VULNERABLE POPULATIONS. IOLA'S LYCEUM WILL USE CULTURE AND CREATIVITY AS A DRIVER OF MORE JUST COMMUNITIES BY SUPPORTING LITERACY, KNOWLEDGE AND COMMUNITY COLLABORATION BY CREATING PUBLIC PROGRAMMING SUCH AS TALKS, AUTHOR READINGS AND WRITING AND OTHER WORKSHOPS TO SERVE AND ENGAGE EVERYONE IN THE COMMUNITY. IOLA'S LYCEUM WILL INTENTIONALLY DRAW WRITERS, CREATIVES, SCHOLARS AND ACTIVISTS TOGETHER TO CURATE COMMUNAL EXPERIENCES IN THE HOPES OF FURTHERING COLLABORATION AND MUTUAL UNDERSTANDING.
Program accomplishments
- PROGRAMMING WAS NOT YET ACTIVE IN 2024 AS THE ORGANIZATION WAS NEWLY FORMED.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 93-2620087
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A23)
- Assets (IRS master file)
- $1,200,951
- Income (IRS master file)
- $1,266,079
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,266,079 | $65,178 | $1,200,951 | XML |
| 990-N for 2023 Officer: NIKOLE HANNAH-JONES Filed under this EIN, most likely by a chapter or affiliate | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 93-2620087).
Questions about IOLAS LYCEUM INC
- What is the EIN of IOLAS LYCEUM INC?
- The employer identification number (EIN) of IOLAS LYCEUM INC is 93-2620087.
- Is IOLAS LYCEUM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to IOLAS LYCEUM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IOLAS LYCEUM 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 IOLAS LYCEUM INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IOLAS LYCEUM INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of IOLAS LYCEUM INC?
- The 990 for the year ended December 31, 2024 names NIKOLE HANNAH-JONES.
- Who are the officers and directors of IOLAS LYCEUM INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does IOLAS LYCEUM INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,266,079, expenses of $65,178 and total assets of $1,200,951 at year end.
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