Printed Matter Inc
- Assets
- $3.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 23
- Location
- New York, NY
- Founding
- 06/1979
- Data as of
- 06/2021
- EIN
- 13-2947412
Organization Overview
Printed Matter Inc is located in New York, NY. The organization was established in 1979. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Printed Matter Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Printed Matter Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Printed Matter Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRINTED MATTER PROVIDES FOR THE DISSEMINATION OF IDEAS EMANATING FROM THE VISUAL ARTS FIELD IN THE FORM OF ARTISTS' BOOKS, EXHIBITIONS, SPECIAL EVENTS, INSTALLATIONS, AND OTHER FORMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRINTED MATTER IS THE WORLD'S LARGEST NON-PROFIT DISTRIBUTOR OF ARTISTS' BOOKS, DEDICATED TO DISSEMINATING, UNDERSTANDING, AND APPRECIATING 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 FY21. IN ADDITION, THE ORGANIZATION PROVIDED VITAL SERVICES AND OPPORTUNITIES TO ARTISTS AND PUBLISHERS AND FREE PUBLIC PROGRAMS THAT ENCOURAGED EXPLORATION IN THE FIELD, INCLUDING DYNAMIC VIRTUAL EVENTS, SUCH AS ARTISTS' TALKS, PANEL DISCUSSIONS, AND BOOK LAUNCHES. PRINTED MATTER ALSO PRESENTED ITS FIRST-EVER VIRTUAL ART BOOK FAIR, SHOWCASING MORE THAN 400 GLOBAL ARTISTS AND PUBLISHERS AND WELCOMING APPROXIMATELY 40,000 VISITORS FROM AROUND THE WORLD, AND CO-PRESENTED AN OUTDOOR, COMMUNITY-CENTRIC SPRING ZINE FAIR THAT FEATURED MORE THAN 40 EXHIBITORS AND CELEBRATED THE EAST VILLAGE'S ARTISTIC PAST AND PRESENT. DUE TO THE ONGOING COVID-19 PANDEMIC, PRINTED MATTER CONTINUED TO FOCUS ON THE VIRTUAL DELIVERY OF MANY OF ITS PROGRAMS AND SERVICES, ENSURING THAT IN THIS TIME OF SOCIAL DISTANCING ARTISTS' BOOKS CONTINUED TO REACH AUDIENCES AND SPUR CONVERSATION, INSPIRE ACTION, PROVIDE RESPITE, AND OPEN CREATIVE DOORWAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Max Schumann Executive Director | Officer | 40 | $100,443 |
Philip Aarons President | OfficerTrustee | 6 | $0 |
Tauba Auerbach Vice President | OfficerTrustee | 1 | $0 |
Carolina Nitsch Secretary | OfficerTrustee | 1 | $0 |
Timothy Peterson Treasurer | OfficerTrustee | 1 | $0 |
Raymond Cha Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $37,377 |
| Fundraising events | $111,059 |
| Related organizations | $0 |
| Government grants | $284,450 |
| All other contributions, gifts, grants, and similar amounts not included above | $539,351 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $972,237 |
| Total Program Service Revenue | $107,618 |
| Investment income | $961 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $781,860 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,871,251 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,685 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $119,970 |
| Compensation of current officers, directors, key employees. | $47,988 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $795,503 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $88,870 |
| Payroll taxes | $77,945 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,000 |
| Fees for services: Accounting | $61,931 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,849 |
| Advertising and promotion | $4,769 |
| Office expenses | $27,880 |
| Information technology | $25,558 |
| Royalties | $12,525 |
| Occupancy | $300,933 |
| Travel | $3,259 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75,587 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $149,958 |
| Insurance | $12,192 |
| All other expenses | $15,020 |
| Total functional expenses | $1,970,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,670,768 |
| Savings and temporary cash investments | $9,665 |
| Pledges and grants receivable | $67,768 |
| Accounts receivable, net | $12,288 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $187,538 |
| Prepaid expenses and deferred charges | $49,182 |
| Net Land, buildings, and equipment | $523,092 |
| Investments—publicly traded securities | $1,066,637 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,455 |
| Total assets | $3,657,393 |
| Accounts payable and accrued expenses | $509,906 |
| Grants payable | $0 |
| Deferred revenue | $270,431 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $190,600 |
| Other liabilities | $171,369 |
| Total liabilities | $1,142,306 |
| Net assets without donor restrictions | $2,247,083 |
| Net assets with donor restrictions | $268,004 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,657,393 |
Grants Awarded
Over the last fiscal year, Printed Matter Inc has awarded $13,773 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL SUPPORT | $6,985 |
New York, NY PURPOSE: GENERAL SUPPORT | $6,788 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Printed Matter Inc has recieved totaling $212,000.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Horace W Goldsmith Foundation New York, NY PURPOSE: GENERAL OPERATIONS | $30,000 |
Horace W Goldsmith Foundation New York, NY PURPOSE: GENERAL OPERATIONS | $30,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $25,000 |
The Fox Aarons Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
Robert Rauschenberg Foundation New York, NY PURPOSE: ARTIST COUNCIL GRANT IN SUPPORT OF GENERAL OPERATIONS | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Technology Review Inc Cambridge, MA | $6,822,000 | $19,424,000 |
Project Veritas Mamaroneck, NY | $11,883,753 | $22,034,786 |
Journal Of Bone And Joint Surgery Inc Needham, MA | $35,717,891 | $10,120,492 |
Machon Mashe Rockeach Inc Brooklyn, NY | $2,473,215 | $8,597,419 |
Harpers Magazine Foundation New York, NY | $1,648,663 | $7,386,851 |
Retro Report Inc Mystic, CT | $1,128,827 | $6,590,447 |
The New Press Inc New York, NY | $10,475,881 | $7,017,448 |
National Braille Press Inc Boston, MA | $10,542,006 | $5,176,920 |
Medical Letter Inc New Rochelle, NY | $4,157,236 | $5,090,906 |
University Of Pennsylvania Press Incorporated Philadelphia, PA | $1,805,477 | $4,286,513 |
Harvard Magazine Incorporated Cambridge, MA | $2,271,377 | $3,610,627 |
American Booksellers Assoc Inc White Plains, NY | $43,213,298 | $1,963,902 |