Hand Papermaking INC EIN 52-1436849 Form 990 (PDF) Claim this org

Hand Papermaking INC

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Promotes handpapermaking through publications and educational programs. For fiscal year 2024 it reported $69K in revenue, $121K in expenses, and $532K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Baltimore, MD
Website
www.handpapermaking.org
Filings
5 on file (2020–2024)
Revenue
$69KFY2024
Expenses
$121K
Net assets
$532K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  52-1436849 Public charity (501(c)(3)) Baltimore, MD
Form 990 (PDF)
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Size
<$100K
What they do
Promotes handpapermaking through publications and educational programs.
Leadership
Rosa Chang · Executive Director · $37K
Money in and out
$69K revenue, $121K expenses
Bottom line
26% program efficiency
Where the money goes · FY2024
Total revenue
$69K
Pt VIII · Ln 12
Total expenses
$121K
Pt IX · Ln 25
Net assets
$532K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$52K
Where spending went · Part IX cols B–D
Program services $0.26 Management & general $0.74
Program efficiency
26%
of spending reaches programs▼ -9% vs prior filing year
Operating runway
52.7mo
months of highly liquid reserves at operating expense rate▲ +12% vs prior filing year
Surplus margin
-75%
revenue over expenses, this year▼ -341% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$69K
FY2024▼ -63%
Expenses
$121K
FY2024▼ -6%
Total assets
$532K
FY2024▲ +5%
Total liabilities
$0
FY2024
Total revenue
$69K
Pt VIII · Ln 12
Total expenses
$121K
Pt IX · Ln 25
Net assets
$532K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$52K
Total assetsPt X · Ln 16$532K
Program-expense ratioPt IX · col B26%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHand Papermaking INC
EINHdr · item D52-1436849
Principal addressHdr · item CBaltimore, MD
WebsiteHdr · item Jwww.handpapermaking.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFNov 1988

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$36,667Pt VII · Sec A
Executive Director
$7,621Pt VII · Sec A
Artist and Gallery Owner
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Artist Educator
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Michael Fallon$52,860$49,837$47,880$47,880
Rosa Chang$36,667
Michael Fallon$7,621
Kelly Taylor Mitchell$2,500

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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Mission & Programs · Part III

Where the work happens

1 program service account for $32K of program spending, described in the organization's own filed words · FY2024.
01

Hand Papermaking magazine and Hand Papermaking Newsletter -- A biannual magazine and quarterly newsletter sent to 750+ subscribers around the US and internationally to libraries museums universities collectors and other individuals.

$32Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$44K · 63%
Contributions & grants$13K · 19%
Investment income$12K · 18%
Program service revenue63%$44K
Contributions & grants19%$13K
Investment income18%$12K
Total revenueLn 12$69K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.26 Management & general $0.74
Program services26%$32K
Management & general74%$90K
Total functional expensesLn 25$121K

Balance Sheet

Part X · end of year
CashLn 1$69K
Total assetsLn 16$532K
Total liabilitiesLn 26$0
Total net assetsLn 32$532K
Months of cash on handcomputed6.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $532K · Operating expenses/yr $121K
52.7 months
Where the money goes
Program services
Program services $32K · Total expenses $121K
26%
Management & General
Management & general $90K · Total expenses $121K
74%
Fundraising
Fundraising $0 · Total expenses $121K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $54K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $13K · Total revenue $69K
19%
Government reliance
Government grants $0 · Total revenue $69K
0%
Earned-income share
Program service revenue $44K · Total revenue $69K
63%
Investment reliance
Investment income $12K · Total revenue $69K
+18%
Program self-sufficiency
Program service revenue $44K · Total expenses $121K
36%
Growth & trend
Revenue growth (YoY)
This year $69K · Prior year $187K
-63%
Revenue CAGR
FY2020 $130K · FY2024 $69K
-15%
Net-asset trend (YoY)
End of year $532K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $69K · Expenses $121K
-75%
Liabilities-to-Assets
Total liabilities — · Total assets $532K
Net-asset ratio
Net assets $532K · Total assets $532K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $463K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $532K
87%
People & payroll
Highest Reported Total Compensation
Individual Rosa Chang · Reported title Executive director · Highest reported compensation $37K · Total expenses $121K
30%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $82K · Total expenses $121K
67%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 26%
Overhead ratio 74%
Fundraising cost ratio 0%
Revenue growth -63%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$5K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$69K revenue · viewing · ⤓ 990 PDF
FY2023$187K revenue · ⤓ 990 PDF
FY2022$120K revenue · ⤓ 990 PDF
FY2021$475K revenue · ⤓ 990 PDF
FY2020$130K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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