University Of Pennsylvania Press Incorporated
- Assets
- $1.8m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 07/1973
- Data as of
- 06/2021
- EIN
- 23-1876142
Organization Overview
University Of Pennsylvania Press Incorporated is located in Philadelphia, PA. The organization was established in 1973. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Pennsylvania Press Incorporated 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, University Of Pennsylvania Press Incorporated generated $4.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $4.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 6 years. 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
SCHOLARLY PUBLISHING. THE UNIVERSITY OF PENNSYLVANIA PRESS IS A MEMBER OF THE ASSOCIATION OF UNIVERSITY PRESSES. THE PRESS NOW PUBLISHES UPWARDS OF 100 NEW BOOKS AND JOURNALS A YEAR WITH AN ACTIVE BACKLIST OF MORE THAN 3500 TITLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY OF PENNSYLVANIA PRESS, INC. (PENN PRESS) IS A PENNSYLVANIA NONPROFIT CORPORATION, AND IS A WHOLLY OWNED SUBSIDIARY OF THE UNIVERSITY OF PENNSYLVANIA. ITS MISSION IS TO DISSEMINATE AND PUBLISH SCHOLARLY AND ACADEMIC BOOKS, TREATISES, AND OTHER PUBLICATIONS OF SERIOUS LITERARY, SCIENTIFIC OR EDUCATIONAL MERIT IN CONJUNCTION WITH THE UNIVERSITY OF PENNSYLVANIA. ITS PRIMARY AIM IS TO MAINTAIN A PUBLISHING PROGRAM THAT IS INFLUENTIAL AND INNOVATIVE, AND THAT ADDRESSES THE NEEDS OF SCHOLARS, TEACHERS, STUDENTS, PROFESSIONALS, AND THE BROADER COMMUNITY OF READERS.SINCE ITS INCEPTION IN 1890, PENN PRESS HAS PUBLISHED MANY SCHOLARLY AND INFLUENTIAL BOOKS. IT STILL HAS OVER 3500 TITLES ON ITS ACTIVE BACK LIST AND PUBLISHES APPROXIMATELY ONE HUNDRED NEW TITLES ANNUALLY. ONE OF THE PRESS'S EARLIEST PUBLICATIONS, THE PHILADELPHIA NEGRO BY W.E.B. DUBOIS, IS STILL CONSIDERED A LANDMARK IN THE STUDY OF BLACK PROBLEMS AND PERNICIOUS AND PERSISTENT EFFECTS OF RACISM. BOOKS PUBLISHED BY THE PENN PRESS REGULARLY WIN PRIZES IN THEIR FIELDS OF SCHOLARSHIP. MANY OTHERS ARE SUCCESSFUL IN MAKING THE WORK OF SCHOLARS AND RESEARCHERS ACCESSIBLE TO THE LAY PERSON. FOR THE FISCAL YEAR ENDED JUNE 30, 2021, THE PRESS PUBLISHED 102 NEW TITLES AND HAS 1,849 TOTAL TITLES CURRENTLY IN PRINT. IN ADDITION, THEY HAVE OVER 3500 BACKLIST TITLES, WHICH ARE DIGITIZED.THE PRESS SERVES OVER 500 CUSTOMERS, WHOLESALE AND RETAIL, INCLUDING COLLEGE BOOKSTORES IN ALL REGIONS OF THE COUNTRY.THE PRESS DOES NOT RECEIVE REGULAR GRANTS FROM ANY FOUNDATION. REVENUES ARE GENERATED FROM THE SALE OF BOOKS. THE UNIVERSITY OF PENNSYLVANIA PROVIDED AN ANNUAL OPERATING SUBVENTION OF $740,600 AND DONATED THE USE OF FACILITIES OF $274,000 IN THE FISCAL YEAR ENDED JUNE 30, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Francis Director | Officer | 40 | $0 |
Laura Waldron Marketing Dir. | Officer | 40 | $0 |
Joseph G Guttman Business Mgr. | Officer | 40 | $0 |
Walter Biggins Editor-In-Chief | Officer | 40 | $0 |
Elizabeth M Glover Production Mgr. | Officer | 40 | $0 |
Dr Amy Gutmann Ex Officio | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $769,100 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $158,085 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $927,185 |
| Total Program Service Revenue | $2,934,244 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,286,513 |
| 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. | $634,497 |
| Compensation of current officers, directors, key employees. | $326,476 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,144,396 |
| Pension plan accruals and contributions | $399,568 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,287 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $216 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,615 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $497,328 |
| Total functional expenses | $4,351,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $724,582 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $920,372 |
| Prepaid expenses and deferred charges | $160,523 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,805,477 |
| Accounts payable and accrued expenses | $548,741 |
| Grants payable | $0 |
| Deferred revenue | $56,842 |
| 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 | $3,750 |
| Total liabilities | $609,333 |
| Net assets without donor restrictions | $1,026,776 |
| Net assets with donor restrictions | $169,368 |
| 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 | $1,805,477 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Of Pennsylvania Press Incorporated has recieved totaling $425,000.
| Awarding Organization | Amount |
|---|---|
George Washington University Ashburn, VA PURPOSE: subaward | $425,000 |
Endowment Analysis
| Beg. Balance | $3,554,235 |
| Other Expense | $3,554,235 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Editorial Projects In Education Inc Bethesda, MD | $35,486,255 | $21,641,400 |
Project Veritas Mamaroneck, NY | $11,883,753 | $22,034,786 |
Baltimore Teacher Network Baltimore, MD | $946,016 | $9,863,712 |
Machon Mashe Rockeach Inc Brooklyn, NY | $2,473,215 | $8,597,419 |
Ohio Rural Electric Cooperatives Inc Country Living Magazine Columbus, OH | $3,871,538 | $7,712,310 |
Harpers Magazine Foundation New York, NY | $1,648,663 | $7,386,851 |
The New Press Inc New York, NY | $10,475,881 | $7,017,448 |
Sunlight For All Institute Baltimore, MD | $20,573,717 | $24,195,292 |
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 |
American Booksellers Assoc Inc White Plains, NY | $43,213,298 | $1,963,902 |
Repertoire International De Litterature Musicale Inc New York, NY | $4,304,080 | $5,123,907 |