Small Press Distribution INC FY2024 filing

Berkeley, CAUnknown exempt organizationEIN 94-3042614Revenue $621K in FY2024

On file with the IRSspdbooks.org1341 7th Street · Berkeley, CA

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SPD distributes printed literary books to the book trade on behalf of our nearly 400 member publishers.

74¢ of each $1 spent went to programs.
$122K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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
1 of 5
filings with a surplus
Average deficit $95K a year · 8% of revenue · last 5 filings
Concern: a surplus in 1 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
$122K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $27K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$443K
353% of total assets
Concern: liabilities are 353% of assets; over 80%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$621K
-50% vs prior year
Spent
$886K
To programs
74%
Net assets
−$317K
By yearFY2020–FY2025
Revenue
$621K
FY2024▼ -50%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$1.3M
FY2022$1.1M
FY2023$1.2M
FY2024$621K
FY2025$30K
Expenses
$886K
FY2024▼ -32%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$1.3M
FY2022$1.3M
FY2023$1.3M
FY2024$886K
FY2025Not on file
Net assets
−$317K
FY2024▼ -507%
Tap a bar for its year
Net assets by fiscal year
FY2020$254K
FY2021$221K
FY2022$18K
FY2023−$52K
FY2024−$317K
FY2025−$453K

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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% · $658K Management & general 15% · $134K Fundraising 11% · $94K

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

14 people listed on the 990; $122K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Dir.
$121,662Pt VII · Sec A
$0Pt VII · Sec A
Board VP of HR
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Dir
$0Pt VII · Sec A
Secretary/Dir
$0Pt VII · Sec A
VP/Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kent Watson$121,662$75,009———
Cindy Myers—$72,150$101,680——
Brent Cunningham———$98,061$93,047
Jeffrey Lependorf————$92,574
Andrew Pai—$66,523———

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 printed literary books to the book trade for member publishers.

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Provided by the organization

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3 programs · $658K · in their own filed words · FY2023
01

Warehouse and Fulfillment Services for Independent Literary Presses: this includes "picking, packing and shipping" from our warehouse while receiving more than 1,000 new titles to inventory each year, plus maintaining customer service, billing, and other bookkeeping services for those sales.

$365Kprogram expense
02

Marketing and Publisher Relations for Independent Literary Presses: includes issuing reports and tracking fulfillment rates for ~350 independent literary publishers, maintaining a website that receives 20,000+ unique visitors a month, producing marketing material, such as our SPD Recommends bi-weekly email of new titles sent to…

$247Kprogram expense
03

Community Outreach Programming

this includes non-fundraising events and programs, including outreach events and ongoing programs such as the Poetry Trading Post, which gives out free books in exchange for poems written on the spot at various locations and tradeshows, as well as an array of book clubs, classroom visits, educational programs, and literary readings…

$47Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
New Israel FundFY2023$10K
Total grants receivedfrom 4 funders$27K
See all 4 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$621K
Ln 12
Fees for servicesLn 2g$424K
Gifts and grantsLn 1h$190K
Investment incomeLn 3$7K
Money outPt IX
$886K
Ln 25
Programscol B$658K
Managementcol C$134K
Fundraisingcol D$94K
Owns and owesPt X
−$317K
net assets · Ln 32
Cash and savingsLn 1–2$80K
Total assetsLn 16$125K
LiabilitiesLn 26$443K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$190K
Government grantsLn 1e$42K
Fees for servicesLn 2g$424K
Investment incomeLn 3$7K
Gains on assetsLn 7$0
Total revenueLn 12$621K
Assets in detailPt X, end of year
CashLn 1$80K
SavingsLn 2$0
Cash and savings togetherLn 1–2$80K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$125K
LiabilitiesLn 26$443K
Net assetsLn 32−$317K
OperationsPt I, VI
EmployeesI 517
VolunteersI 616
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$198K$80K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$726K$125K
LiabilitiesLn 26$779K$443K
Net assetsLn 32−$52K−$317K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$102K$76K$12K$14K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$341K$252K$41K$48K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$9K$7K$1K$1K
Payroll taxesLn 10$34K$25K$4K$5K
Management feesLn 11a$0
Legal feesLn 11b$15K$11K$2K$2K
Accounting feesLn 11c$6K$6K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$21K$16K$3K$3K
Office expensesLn 13$146K$118K$25K$3K
Information technologyLn 14$37K$27K$4K$5K
RoyaltiesLn 15$0
OccupancyLn 16$135K$115K$16K$4K
TravelLn 17$3K$2K$327$382
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$3K$3K
InterestLn 20$3K$3K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$29K$8K$19K$2K
All other expensesLn 24e$0
Total functional expensesLn 25$886K$658K$134K$94K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $30K−$453K 990 PDF
FY2024 Viewing $621K$886K−$265K−$317K 990 PDF
FY2023 $1.2M$1.3M−$71K−$52K 990 PDF
FY2022 $1.1M$1.3M−$203K$18K 990 PDF
FY2021 $1.3M$1.3M−$33K$221K 990 PDF
FY2020 $1.4M$1.4M$94K$254K 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 FY2024 990 (6 parts)
Part I · Summary $621,138 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $384,729$190,035
I-9 Program service revenuePrior year $847,717$423,721
I-10 Investment income$7,382
I-11 Other revenue$0
I-12 Total revenuePrior year $1,232,446$621,138
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $776,854$486,576
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $526,225$399,646
I-18 Total expensesPrior year $1,303,079$886,222
I-19 Revenue less expensesPrior year −$70,633−$265,084
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $621,138 across 10 lines filed
VIII-1e Government grants$42,500
VIII-1f All other contributions, gifts and grants$147,535
VIII-1h Total contributions, gifts and grants$190,035
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $423,721$423,721
VIII-3 Investment incomeExcluded from tax $7,382$7,382
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $423,721 · Excluded from tax $7,382$621,138
Part IX · Statement of functional expenses $886,222 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $75,844 · Management $12,299 · Fundraising $14,349$102,492
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $252,404 · Management $40,930 · Fundraising $47,752$341,086
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $6,727 · Management $1,091 · Fundraising $1,273$9,091
IX-10 Payroll taxesPrograms $25,091 · Management $4,069 · Fundraising $4,747$33,907
IX-11a Management fees$0
IX-11b Legal feesPrograms $11,292 · Management $1,831 · Fundraising $2,136$15,259
IX-11c Accounting feesManagement $5,980$5,980
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $1,070$1,070
IX-12 Advertising and promotionPrograms $15,801 · Management $2,562 · Fundraising $2,990$21,353
IX-13 Office expensesPrograms $118,102 · Management $24,887 · Fundraising $3,174$146,163
IX-14 Information technologyPrograms $27,349 · Management $4,435 · Fundraising $5,174$36,958
IX-15 Royalties$0
IX-16 OccupancyPrograms $115,079 · Management $15,692 · Fundraising $4,308$135,079
IX-17 TravelPrograms $2,018 · Management $327 · Fundraising $382$2,727
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsFundraising $3,102$3,102
IX-20 InterestFundraising $2,898$2,898
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $8,455 · Management $19,002 · Fundraising $1,600$29,057
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $658,162 · Management $134,175 · Fundraising $93,885$886,222
Part X · Balance sheet $125,323 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $198,459$79,723
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $10,000$0
X-4 Accounts receivableStart of year $274,196$33,300
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $10,694$12,300
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $132,500$0
X-16 Total assetsStart of year $726,492$125,323
X-17 Accounts payable and accrued expensesStart of year $580,637$292,695
X-26 Total liabilitiesStart of year $778,780$442,695
X-27 Net assets without donor restrictionsStart of year −$52,288−$317,372
X-32 Total net assets or fund balancesStart of year −$52,288−$317,372
X-33 Total liabilities and net assetsStart of year $726,492$125,323
Part XI · Reconciliation of net assets −$317,372 net assets at year end
XI-1 Total revenue$621,138
XI-2 Total expenses$886,222
XI-3 Revenue less expenses−$265,084
XI-4 Net assets at start of year−$52,288
XI-10 Net assets at end of year−$317,372

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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