Printed Matter INC FY2020 filing

Tax-deductible

New York, NY501(c)(3)Since 1976Arts & CultureEIN 13-2947412

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.
67¢ of each $1 spent went to programs.
$107K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $257K a year · 11% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$107K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
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
$755K
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
Spent
$2.0M
To programs
67%
Net assets
$2.6M
By yearFY2020–FY2024
Revenue
$2.2M
FY2020
Revenue by fiscal year
FY2020$2.2M
FY2021$1.9M
FY2022$2.5M
FY2023$2.0M
FY2024$2.7M
FY2024$2.0M
Expenses
$2.0M
FY2020
Expenses by fiscal year
FY2020$2.0M
FY2021$2.0M
FY2022$2.4M
FY2023$2.8M
FY2024$3.4M
FY2024$2.7M
Net assets
$2.6M
FY2020
Net assets by fiscal year
FY2020$2.6M
FY2021$2.5M
FY2022$2.5M
FY2023$1.7M
FY2024$1.1M
FY2024$464K

From the FY2020 Form 990 (year ending June 2020) · 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: FY2024. IRS ruling in Jun 1979.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $1.4M Management & general 21% · $414K Fundraising 12% · $243K

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

Who runs it and what they're paid

19 people listed on the 990; $107K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$107,488Pt VII · Sec A
Co-Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$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

NameFY2024FY2024FY2023FY2022FY2021FY2020
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.

See Printed Matter INC executive salaries →

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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.

Provided by the organization

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1 program service account for $1.4M of program spending, described in the organization's own filed words · FY2019.
01

Printed matter is the world's largest non-profit distributor of artists' books, dedicated to the dissemination, understanding, and appreciation of publications made by artists. Through the organization's two non-profit bookstores and website, printed matter circulated tens of thousands of books and related works.

$1.4Mprogram expense

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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 FY2020 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Other incomeLn 4–11$936K
Gifts and grantsLn 1h$777K
Fees for servicesLn 2g$430K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.4M
Managementcol C$414K
Fundraisingcol D$243K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$3.4M
LiabilitiesLn 26$755K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$777K
Government grantsLn 1e$80K
Fees for servicesLn 2g$430K
Investment incomeLn 3$11K
Other incomeLn 4–11$936K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$1.3M
SavingsLn 2$10K
Cash and savings togetherLn 1–2$1.3M
InvestmentsLn 11–13$1.1M
Land, buildings, equipmentLn 10c$637K
Other assetsLn 15$70K
Total assetsLn 16$3.4M
LiabilitiesLn 26$755K
Net assetsLn 32$2.6M
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 FY20End FY20
Cash and savingsLn 1–2$1.8M$1.3M
InvestmentsLn 11–13$1.1M
Land, buildings, equipmentLn 10c$756K$637K
Total assetsLn 16$3.1M$3.4M
LiabilitiesLn 26$605K$755K
Net assetsLn 32$2.5M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$111K$33K$45K$33K
Other salaries and wagesLn 7$706K$449K$152K$104K
Other employee benefitsLn 9$84K$52K$19K$13K
Payroll taxesLn 10$62K$37K$15K$10K
Accounting feesLn 11c$65K$65K
Other fees for servicesLn 11g$70K$47K$13K$9K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$33K$26K$3K$3K
Information technologyLn 14$24K$14K$6K$4K
RoyaltiesLn 15$29K$29K
OccupancyLn 16$276K$221K$28K$28K
TravelLn 17$28K$23K$5K
Conferences, conventions and meetingsLn 19$178K$178K
Depreciation, depletion and amortizationLn 22$148K$118K$15K$15K
InsuranceLn 23$14K$12K$1K$1K
Other expenses (24a–d)Ln 24$146K$78K$46K$22K
All other expensesLn 24e$35K$34K$117
Total functional expensesLn 25$2.0M$1.4M$414K$243K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
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 Viewing $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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $2,154,919 across 7 lines filed
Lines not itemized here account for $929,098 of total revenue; see the IRS return.
VIII-1e Government grants$79,540
VIII-1f All other contributions, gifts and grants$697,431
VIII-1h Total contributions, gifts and grants$776,971
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $430,374$430,374
VIII-3 Investment incomeExcluded from tax $11,320$11,320
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $7,156$7,156
VIII-12 Total revenueRelated to mission $1,359,472 · Unrelated business $0 · Excluded from tax $18,476$2,154,919
Part IX · Statement of functional expenses $2,015,622 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $33,382 · Management $44,508 · Fundraising $33,380$111,270
IX-7 Other salaries and wagesPrograms $449,077 · Management $152,437 · Fundraising $104,041$705,555
IX-9 Other employee benefitsPrograms $52,010 · Management $18,719 · Fundraising $12,873$83,602
IX-10 Payroll taxesPrograms $36,712 · Management $14,813 · Fundraising $10,324$61,849
IX-11c Accounting feesManagement $65,115$65,115
IX-11g Other fees for servicesPrograms $47,490 · Management $13,231 · Fundraising $9,221$69,942
IX-12 Advertising and promotionPrograms $7,037$7,037
IX-13 Office expensesPrograms $26,047 · Management $3,491 · Fundraising $3,376$32,914
IX-14 Information technologyPrograms $14,312 · Management $5,813 · Fundraising $4,081$24,206
IX-15 RoyaltiesPrograms $28,842$28,842
IX-16 OccupancyPrograms $220,654 · Management $27,582 · Fundraising $27,582$275,818
IX-17 TravelPrograms $22,946 · Management $5,406$28,352
IX-19 Conferences, conventions and meetingsPrograms $178,120$178,120
IX-22 Depreciation, depletion and amortizationPrograms $118,460 · Management $14,807 · Fundraising $14,807$148,074
IX-23 InsurancePrograms $11,563 · Management $1,445 · Fundraising $1,445$14,453
IX-24 Other expenses (24a–d)Programs $77,782 · Management $46,256 · Fundraising $21,864$145,902
IX-24e All other expensesPrograms $34,454 · Fundraising $117$34,571
IX-25 Total functional expensesPrograms $1,358,888 · Management $413,623 · Fundraising $243,111$2,015,622
Part X · Balance sheet $3,369,186 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $776,708$1,271,748
X-2 Savings and temporary cash investmentsStart of year $1,010,728$9,660
X-3 Pledges and grants receivableStart of year $246,845$63,709
X-4 Accounts receivableStart of year $19,640$6,762
X-8 Inventories for sale or useStart of year $181,542$211,027
X-9 Prepaid expenses and deferred chargesStart of year $18,654$32,424
X-10c Land, buildings and equipment, netStart of year $755,734$637,208
X-11 Publicly traded securities$1,066,193
X-15 Other assetsStart of year $70,455$70,455
X-16 Total assetsStart of year $3,080,306$3,369,186
X-17 Accounts payable and accrued expensesStart of year $465,980$432,502
X-24 Unsecured notes and loans payable$190,600
X-25 Other liabilitiesStart of year $139,204$131,665
X-26 Total liabilitiesStart of year $605,184$754,767
X-27 Net assets without donor restrictionsStart of year $2,132,522$2,291,472
X-28 Net assets with donor restrictionsStart of year $342,600$322,947
X-32 Total net assets or fund balancesStart of year $2,475,122$2,614,419
X-33 Total liabilities and net assetsStart of year $3,080,306$3,369,186
Part XI · Reconciliation of net assets $2,614,419 net assets at year end
XI-1 Total revenue$2,154,919
XI-2 Total expenses$2,015,622
XI-3 Revenue less expenses$139,297
XI-4 Net assets at start of year$2,475,122
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,614,419

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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