Printed Matter INC FY2023 filing

Tax-deductible

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

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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.
74¢ of each $1 spent went to programs.
$480K 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

FY2023 · 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
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$480K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.5 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
$2.3M
58% of total assets
Fine: liabilities are 58% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 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
-17% vs prior year
Spent
$2.8M
To programs
74%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$2.0M
FY2023▼ -17%
Revenue by fiscal year
FY2020$2.2M
FY2021$1.9M
FY2022$2.5M
FY2023$2.0M
FY2024$2.7M
FY2024$2.0M
Expenses
$2.8M
FY2023▲ +18%
Expenses by fiscal year
FY2020$2.0M
FY2021$2.0M
FY2022$2.4M
FY2023$2.8M
FY2024$3.4M
FY2024$2.7M
Net assets
$1.7M
FY2023▼ -32%
Net assets by fiscal year
FY2020$2.6M
FY2021$2.5M
FY2022$2.5M
FY2023$1.7M
FY2024$1.1M
FY2024$464K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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

74 cents of each dollar spent went to programs.

Program services 74% · $2.1M Management & general 14% · $403K Fundraising 12% · $331K

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

42 people listed on the 990; $480K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$132,464Pt VII · Sec A
Executive Director
$132,464Pt VII · Sec A
Director of Development
$107,319Pt VII · Sec A
Director of Development
$107,319Pt 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.

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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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2 programs · $4.2M · in their own filed words · FY2022
01

Printed matter is the world's non-profit, 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 in FY23.

$2.1Mprogram expense
02

Printed matter is the world's non-profit, 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 in FY23.

$2.1Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Other incomeLn 4–11$902K
Gifts and grantsLn 1h$879K
Fees for servicesLn 2g$236K
Money outPt IX
$2.8M
Ln 25
Programscol B$2.1M
Managementcol C$403K
Fundraisingcol D$331K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$824K
Total assetsLn 16$4.0M
LiabilitiesLn 26$2.3M
PeoplePt VI, VII
42
listed · VII A
PaidVII A4
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$879K
Government grantsLn 1e$136K
Fees for servicesLn 2g$236K
Investment incomeLn 3$21K
Other incomeLn 4–11$902K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$824K
Total assetsLn 16$4.0M
LiabilitiesLn 26$2.3M
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 522
VolunteersI 619
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.7M$3.4M−$623K$1.1M 990 PDF
FY2023 Viewing $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

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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