The New Press Inc
- Assets
- $8.1m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 44
- Location
- New York, NY
- Founding
- 01/1992
- Data as of
- 12/2023
- EIN
- 13-3584516
Organization Overview
The New Press Inc is located in New York, NY. The organization was established in 1992. 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 12/2023, New Press Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Press 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 12/2023, New Press Inc generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $5.6m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PUBLISHING IN THE PUBLIC INTEREST BOOKS OF CULTURAL, HISTORICAL, (CONT'D ON SCHEDULE O)AND/OR EDUCATIONAL VALUE THAT ARE LIKELY TO BE DEEMED INSUFFICIENTLY PROFITABLE AND HENCE OVERLOOKED BY COMMERCIAL PUBLISHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS WAS AN UNUSUAL YEAR FOR THE ORGANIZATION, WITH BOTH REVENUE STREAMS SEEING A DECLINE. LIKE MANY PUBLISHERS WITH NONFICTION-HEAVY LISTS, WE FACED INDUSTRY-WIDE CHALLENGES THAT IMPACTED OUR TOTAL EARNED REVENUE. WE PUBLISHED 31 FRONTLIST TITLES IN 2023. OUR TOP 5 TITLES REPRESENTED 22% OF OUR TOTAL SALES. THE TOP FIVE TITLES WERE THE NEW JIM CROW, LIES MY TEACHER TOLD ME, TROUBLEMAKERS, CRITICAL RACE THEORY, AND EXCEPT FOR PALESTINE. WITH TWO TITLES (CHARISMA'S TURN AND THE PAPERBACK OF ELIE MYSTAL' S ALLOW ME TO RETORT) SELLING OVER 5000 COPIES. (CONTINUED ON SCHEDULE O)BOTH SALES AND REVENUE FELL BELOW RECENT YEARS' LEVELS. HOWEVER, OUR CASH POSITION REMAINS STRONG, AND WE CLOSED THE YEAR WITH NEARLY $3 MILLION IN CASH.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gara Lamarche Chair | OfficerTrustee | 2 | $0 |
Theodore M Shaw Vice Chair | OfficerTrustee | 1 | $0 |
Amy Glickman Treasurer | OfficerTrustee | 1 | $0 |
Sarah Burnes Secretary | OfficerTrustee | 1 | $0 |
Diane Wachtell Executive Director | OfficerTrustee | 35 | $218,380 |
Ellen Adler Publisher | OfficerTrustee | 35 | $212,170 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maple Press Printing, Design, Mailing, Bindery | 12/30/23 | $820,164 |
Ingram Content Group Distributor | 12/30/23 | $679,853 |
Grow Strategies Development Leadership & Support | 12/30/23 | $120,128 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $85,396 |
| Related organizations | $0 |
| Government grants | $40,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,842,509 |
| Noncash contributions included in lines 1a–1f | $2,617 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,967,905 |
| Total Program Service Revenue | $323,776 |
| Investment income | $42,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,160 |
| Net Gain/Loss on Asset Sales | $3,913 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $778,141 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,159,981 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $704,691 |
| Compensation of current officers, directors, key employees. | $286,844 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,860,412 |
| Pension plan accruals and contributions | $85,324 |
| Other employee benefits | $304,167 |
| Payroll taxes | $234,280 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,456 |
| Fees for services: Accounting | $38,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,119 |
| Fees for services: Other | $476,481 |
| Advertising and promotion | $478,785 |
| Office expenses | $131,956 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $346,680 |
| Travel | $42,599 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,248 |
| Insurance | $54,005 |
| All other expenses | $198 |
| Total functional expenses | $5,640,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $651,740 |
| Savings and temporary cash investments | $654,878 |
| Pledges and grants receivable | $290,235 |
| Accounts receivable, net | $1,035,196 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,034,728 |
| Prepaid expenses and deferred charges | $11,137 |
| Net Land, buildings, and equipment | $40,359 |
| Investments—publicly traded securities | $1,638,175 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,731,192 |
| Total assets | $8,087,640 |
| Accounts payable and accrued expenses | $568,310 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $2,235,339 |
| Total liabilities | $2,803,649 |
| Net assets without donor restrictions | $3,850,969 |
| Net assets with donor restrictions | $1,433,022 |
| 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 | $8,087,640 |