Printed Matter INC

Tax-deductible

New York, NY501(c)(3)Since 1976Arts & CultureEIN 13-2947412Revenue $2.0M in FY2025

On file with the IRSprintedmatter.org231 11th Ave, 10001-1206 · New York, NYTax-exempt since Jun 1979Publicly supported charity — 170(b)(1)(A)(vi)

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To foster the appreciation, dissemination, and understanding of artists' publications, defined as books or other editioned publications conceived by artists as art works, or, more succinctly, as "artwork for the page."

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
Run by 19 volunteers and 22 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $328K a year · 15% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$215K
to officers and key staff · 8% of spending
Top officer’s pay lower than 58% of similar orgs
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $22K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.6M
78% of total assets
Worth a look: liabilities are 78% of assets; over 65%.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
-27% vs prior year
Spent
$2.7M
To programs
65%
Net assets
$464K
By yearFY2020–FY2025
Revenue
$2.0M
FY2025▼ -27%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$1.9M
FY2022$2.5M
FY2023$2.0M
FY2024$2.7M
FY2025$2.0M
Expenses
$2.7M
FY2025▼ -20%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.0M
FY2021$2.0M
FY2022$2.4M
FY2023$2.8M
FY2024$3.4M
FY2025$2.7M
Net assets
$464K
FY2025▼ -58%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.6M
FY2021$2.5M
FY2022$2.5M
FY2023$1.7M
FY2024$1.1M
FY2025$464K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1979.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $1.8M Management & general 17% · $450K Fundraising 18% · $482K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

21 people listed on the 990; $215K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$111,657Pt VII · Sec A
Director of Development
$103,114Pt VII · Sec A
Co-Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member (to 12/2024)
$0Pt VII · Sec A

Lesley Martin’s $112K as Executive Director is at the 42nd percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Max Schumann—$85,449$132,464$115,910$100,443$107,488
Lesley Martin$111,657—————
Krista Manrique$103,114$107,160$107,319———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Distributes artists' books and hosts exhibitions to share visual art ideas.

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Provided by the organization

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1 program · $1.8M · in their own filed words · FY2024
01

Printed matter is the world's leading non-profit organization dedicated to the distribution, understanding, and appreciation of artists' books and related publications. In FY25, printed matter offered a unique venue for the public to engage with more than 15,000 artists' books by artists and publishers at our new york city-based space…

$1.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$22K
Grants paid · 2 grants · $14K · 2020–2020
Haleakala INCNY · FY2020$6,788

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$1.1M
Other incomeLn 4–11$591K
Fees for servicesLn 2g$278K
Money outPt IX
$2.7M
Ln 25
Programscol B$1.8M
Managementcol C$450K
Fundraisingcol D$482K
Owns and owesPt X
$464K
net assets · Ln 32
Cash and savingsLn 1–2$223K
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
21
listed · VII A
PaidVII A2
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$109K
Noncash giftsLn 1g$102K
Fundraising eventsLn 1c$281K
Fees for servicesLn 2g$278K
Investment incomeLn 3$25K
Other incomeLn 4–11$591K
Gains on assetsLn 7$6K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$223K
Cash and savings togetherLn 1–2$223K
InvestmentsLn 11–13$639K
Land, buildings, equipmentLn 10c$17K
Other assetsLn 15$601K
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.6M
Net assetsLn 32$464K
OperationsPt I, VI
EmployeesI 522
VolunteersI 619
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$349K$223K
InvestmentsLn 11–13$907K$639K
Land, buildings, equipmentLn 10c$111K$17K
Total assetsLn 16$2.9M$2.1M
LiabilitiesLn 26$1.8M$1.6M
Net assetsLn 32$1.1M$464K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$143K$43K$57K$43K
Other salaries and wagesLn 7$971K$585K$197K$189K
Other employee benefitsLn 9$170K$100K$36K$34K
Payroll taxesLn 10$97K$55K$22K$20K
Legal feesLn 11b$16K$9K$4K$3K
Accounting feesLn 11c$153K$87K$35K$32K
Investment management feesLn 11f$8K$8K
Other fees for servicesLn 11g$81K$46K$18K$17K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$41K$33K$4K$4K
Information technologyLn 14$48K$27K$11K$10K
OccupancyLn 16$303K$242K$30K$30K
TravelLn 17$63K$59K$4K
Conferences, conventions and meetingsLn 19$189K$189K
Depreciation, depletion and amortizationLn 22$94K$75K$9K$9K
InsuranceLn 23$28K$22K$3K$3K
Other expenses (24a–d)Ln 24$225K$140K$85K
All other expensesLn 24e$53K$38K$12K$3K
Total functional expensesLn 25$2.7M$1.8M$450K$482K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.0M$2.7M−$682K$464K 990 PDF
FY2024 $2.7M$3.4M−$623K$1.1M 990 PDF
FY2023 $2.0M$2.8M−$776K$1.7M 990 PDF
FY2022 $2.5M$2.4M$76K$2.5M 990 PDF
FY2021 $1.9M$2.0M−$99K$2.5M 990 PDF
FY2020 $2.2M$2.0M$139K$2.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $2,004,640 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,494,533$1,110,847
I-9 Program service revenuePrior year $464,230$277,502
I-10 Investment incomePrior year $33,648$25,007
I-11 Other revenuePrior year $716,618$591,284
I-12 Total revenuePrior year $2,709,029$2,004,640
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,467,706$1,381,335
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,855,742$1,305,620
I-18 Total expensesPrior year $3,323,448$2,686,955
I-19 Revenue less expensesPrior year −$614,419−$682,315
Part VI · Governance 16 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,004,640 across 11 lines filed
Lines not itemized here account for $590,111 of total revenue; see the IRS return.
VIII-1c Fundraising events$280,687
VIII-1e Government grants$108,625
VIII-1f All other contributions, gifts and grants$721,535
VIII-1g Noncash contributions (included above)$102,122
VIII-1h Total contributions, gifts and grants$1,110,847
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $277,502$277,502
VIII-3 Investment incomeExcluded from tax $19,353$19,353
VIII-7 Net gain or loss on sales of assetsExcluded from tax $5,654$5,654
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,173$1,173
VIII-12 Total revenueRelated to mission $867,613 · Unrelated business $0 · Excluded from tax $26,180$2,004,640
Part IX · Statement of functional expenses $2,686,955 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $42,781 · Management $57,042 · Fundraising $42,781$142,604
IX-7 Other salaries and wagesPrograms $585,186 · Management $196,874 · Fundraising $189,385$971,445
IX-9 Other employee benefitsPrograms $99,852 · Management $36,279 · Fundraising $34,138$170,269
IX-10 Payroll taxesPrograms $54,979 · Management $21,922 · Fundraising $20,116$97,017
IX-11b Legal feesPrograms $8,949 · Management $3,568 · Fundraising $3,274$15,791
IX-11c Accounting feesPrograms $86,736 · Management $34,584 · Fundraising $31,736$153,056
IX-11f Investment management feesManagement $7,765$7,765
IX-11g Other fees for servicesPrograms $46,016 · Management $18,347 · Fundraising $16,838$81,201
IX-12 Advertising and promotionPrograms $4,219$4,219
IX-13 Office expensesPrograms $32,865 · Management $4,084 · Fundraising $4,083$41,032
IX-14 Information technologyPrograms $27,478 · Management $10,955 · Fundraising $10,054$48,487
IX-16 OccupancyPrograms $242,123 · Management $30,265 · Fundraising $30,265$302,653
IX-17 TravelPrograms $58,766 · Management $4,059$62,825
IX-19 Conferences, conventions and meetingsPrograms $189,313$189,313
IX-22 Depreciation, depletion and amortizationPrograms $75,290 · Management $9,413 · Fundraising $9,411$94,114
IX-23 InsurancePrograms $22,314 · Management $2,789 · Fundraising $2,789$27,892
IX-24 Other expenses (24a–d)Programs $139,923 · Fundraising $84,798$224,721
IX-24e All other expensesPrograms $37,950 · Management $11,945 · Fundraising $2,656$52,551
IX-25 Total functional expensesPrograms $1,754,740 · Management $449,891 · Fundraising $482,324$2,686,955
Part X · Balance sheet $2,077,586 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $349,066$223,003
X-3 Pledges and grants receivableStart of year $402,144$326,725
X-4 Accounts receivableStart of year $66,613$2,766
X-8 Inventories for sale or useStart of year $217,229$259,755
X-9 Prepaid expenses and deferred chargesStart of year $11,422$9,050
X-10c Land, buildings and equipment, netStart of year $110,931$16,817
X-11 Publicly traded securitiesStart of year $906,625$638,923
X-15 Other assetsStart of year $832,362$600,547
X-16 Total assetsStart of year $2,935,444$2,077,586
X-17 Accounts payable and accrued expensesStart of year $887,640$958,535
X-19 Deferred revenueStart of year $16,698$6,935
X-25 Other liabilitiesStart of year $909,266$648,067
X-26 Total liabilitiesStart of year $1,813,604$1,613,537
X-27 Net assets without donor restrictionsStart of year $628,483−$48,992
X-28 Net assets with donor restrictionsStart of year $493,357$513,041
X-32 Total net assets or fund balancesStart of year $1,121,840$464,049
X-33 Total liabilities and net assetsStart of year $2,935,444$2,077,586
Part XI · Reconciliation of net assets $464,049 net assets at year end
XI-1 Total revenue$2,004,640
XI-2 Total expenses$2,686,955
XI-3 Revenue less expenses−$682,315
XI-4 Net assets at start of year$1,121,840
XI-5 Net unrealized gains (losses) on investments$24,524
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$464,049

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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