Milkweed Editions Inc

Organization Overview

Milkweed Editions Inc is located in Minneapolis, MN. The organization was established in 1980. As of 12/2021, Milkweed Editions Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milkweed Editions 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 12/2021, Milkweed Editions Inc generated $8.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.8% each year . All expenses for the organization totaled $5.5m during the year ending 12/2021. While expenses have increased by 20.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO IDENTIFY, NURTURE AND PUBLISH TRANSFORMATIVE LITERATURE, AND BUILD AN ENGAGED COMMUNITY AROUND IT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BOOK PRODUCTION, DISTRIBUTION, AND PROMOTION:FOUNDED IN MINNEAPOLIS IN 1980, MILKWEED EDITIONS IS ONE OF THE NATION'S LEADING INDEPENDENT PUBLISHERS OF LITERATURE. WE CURRENTLY PUBLISH SOME TWENTY TITLES EACH YEAR IN THE CATEGORIES OF POETRY, FICTION, AND NONFICTION, AND OUR LIST IS ACCLAIMED FOR ITS DISTINCTION AND VARIETY. WE RELEASE EVERY TITLE SIMULTANEOUSLY IN PRINT AND EBOOK EDITIONS, WE ENHANCE THE PUBLICATION OF ALL TITLES WITH ORIGINAL DIGITAL CONTENT, WE LICENSE PUBLICATION OF MANY TITLES WE ORIGINATE TO FOREIGN AND AUDIOBOOK PUBLISHERS, AND, SINCE 2018, WE PUBLISH SOME OF OUR POETRY TITLES AS AUDIOBOOKS. WE CURRENTLY HAVE MORE THAN FOUR HUNDRED TITLES IN PRINT, NEARLY TWO HUNDRED TITLES AVAILABLE AS EBOOKS, AND NEARLY FIVE MILLION COPIES OF BOOKS WE PUBLISHED ORIGINALLY IN CIRCULATION AROUND THE WORLD.


OUTREACH: - GENERAL -MILKWEED IS MOTIVATED BY THE FACT THAT LITERATURE IS FUNDAMENTALLY TRANSFORMATIVE. EVERY YEAR WE SELL HUNDREDS OF THOUSANDS OF BOOKS, MANY OF OUR AUTHORS AND TITLES RECEIVE AWARDS, AND MOST TITLES RECEIVE GLOWING REVIEWS AND RECOMMENDATIONS IN A WIDE RANGE OF MEDIA. THESE ARE SOME OF THE WAYS WE MEASURE SUCCESS, BUT IN ADDITION TO OUR PUBLISHING PROGRAM, WE ACTIVELY SEEK TO BUILD COMMUNITY AROUND LITERATURE AND TO SERVE AN EXPANDING, INCREASINGLY DIVERSE CONSTITUENCY OF WRITERS AND READERS. WE SERVE WRITERS BY PROVIDING FINANCIAL AND EDITORIAL SUPPORT AND BY BUILDING A BROAD AUDIENCE FOR THEIR WORK. WE SERVE READERS BY CONNECTING THEM TO THE AUTHORS AND BOOKS WE PUBLISH. - REACHING READERS -OUR GOAL TO BUILD COMMUNITY IS ULTIMATELY ACHIEVED BY SHARING OUR WORK WITH THE WIDEST RANGE OF PARTICIPANTS AND COMMUNICATING WHY IT IS RELEVANT AND HOW IT CAN BE TRANSFORMATIVE IN THEIR LIVES. WE WORK TO MAKE OUR BOOKS AVAILABLE IN A VARIETY OF FORMATS PRINT, EBOOK, AND INCREASINGLY AUDIOBOOK; WE HAVE A VARIETY OF DISTRIBUTION PARTNERS TO HELP BOOKS REACH AS MANY MARKETS AS POSSIBLE; WE ALSO CULTIVATE STRONG RELATIONSHIPS WITH LIBRARIANS, ENSURING THAT MANY READERS BORROW OUR BOOKS; AND EACH YEAR WE DONATE SEVERAL THOUSAND BOOKS. - OPEN BOOK - AS ONE OF THREE FOUNDING TENANTS OF OPEN BOOK, THE NATION'S LARGEST LITERARY CENTER LOCATED IN DOWNTOWN MINNEAPOLIS, WE ACTIVELY SEEK TO BUILD COMMUNITY AROUND LITERATURE. IN THE YEARS SINCE ITS FOUNDING IN 2000, OPEN BOOK IS NOW A NATIONAL SUCCESS STORY. THE CENTER ATTRACTS MORE THAN 175,000 VISITORS ANNUALLY, AND WE STRENGTHENED OUR COMMITMENT TO THIS REMARKABLE INSTITUTION BY OPENING A STREET-LEVEL BOOKSTORE IN THE BUILDING IN LATE 2016. MILKWEED BOOKS SERVES AS A VIBRANT COMMUNITY SPACE, A SITE WHERE READERS DISCOVER AND INTERACT WITH WRITERS, MANY OF WHOM ARE PUBLISHED BY OTHER ORGANIZATIONS IN OUR FIELD. THE BUILDING CLOSED TO THE PUBLIC IN EARLY 2020 WITH PLANS TO REOPEN AS SOON AS IN THE SUMMER OF 2022. - FELLOWSHIP PROGRAM -THE MILKWEED FELLOWSHIP PROGRAM, LAUNCHED IN 2019, IS GROUNDED IN THE BELIEF THAT BOOKS HAVE THE POTENTIAL TO CHANGE THE WAY WE SEE THE WORLD, AND THAT EQUITY IS ESSENTIAL TO A VIBRANT, DIVERSE, AND EMPOWERED LITERARY ECOSYSTEM. THIS PAID, ONE- TO TWO-YEAR IMMERSION PROGRAM IS DESIGNED TO OFFER THE TOOLS, EXPERIENCE, AND EXPOSURE NECESSARY TO PURSUE A CAREER IN BOOK PUBLISHING. INTENDED TO PROVIDE AN ALTERNATIVE ROUTE TO SUCCESS IN AN INDUSTRY WHERE THE PREREQUISITE TO AN ENTRY LEVEL POSITION IS TYPICALLY AN UNPAID INTERNSHIP, THIS LEARNING-ORIENTED POSITION SEEKS TO PROVIDE ENTRY TO THOSE HISTORICALLY UNDERREPRESENTED AMONG WORKERS IN BOOK PUBLISHING - INDIGENOUS, PEOPLE OF COLOR, LGBTQIA+, AND THOSE WITH DISABILITIES SO THEY MAY ADVANCE, DISCOVER, AND CHAMPION TRANSFORMATIVE LITERATURE FOR YEARS TO COME.


EDITORIAL:WE MEASURE THE SUCCESS OF OUR PUBLISHING PROGRAM, HOW WELL WE ACHIEVE OUR MISSION, IN MANY WAYS, INCLUDING BOOK SALES THROUGH OUR DISTRIBUTOR, OUR WEBSITE, AND OUR BOOKSTORE (WHICH IS CURRENTLY CLOSED DUE TO THE PANDEMIC). IN 2021, REVENUE GENERATED BY SALES OF OUR BOOKS GROSSED MORE THAN $7 MILLION. WE ALSO FACTOR IN AWARDS, REVIEWS, AND OTHER MEDIA ATTENTION GARNERED BY OUR TITLES, AUTHORS, AND ORGANIZATION. OUR BOOKS SAW REVIEWS AND MEDIA MENTIONS IN OUTLETS RANGING FROM THE NEW YORK TIMES, THE WALL STREET JOURNAL, THE GUARDIAN, AND THE NEW YORKER AND RECENT TITLES WERE FINALISTS FOR THE PULITZER PRIZE, THE NATIONAL BOOK AWARD, THE NATIONAL BOOK CRITICS CIRCLE AWARD, PEN/JEAN STEIN BOOK AWARD, THE L.A. TIMES BOOK PRIZE, AND THE MINNESOTA BOOK AWARD, AMONG NUMEROUS OTHER AWARDS AND PRIZES.


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Board, Officers & Key Employees

Name (title)Compensation
Daniel Slager
Publisher/ CEO
$178,192
Lynn Abrahamsen
Vice Chair
$0
Bill Hogle
Treasurer
$0
Chris Crosby
Chair
$0
Sheila Letscher
Secretary
$0
Pamela Fletcher Bush
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ingram Publishers Group West
Distributes And Stores Inventory
$1,636,585
The Stuart Agency
Literary Agency
$617,846
Robin Wall Kimmerer
Author
$1,143,791
Bookmobile
Print Production
$1,958,595
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$82,884
Related organizations$0
Government grants $35,000
All other contributions, gifts, grants, and similar amounts not included above$2,270,511
Noncash contributions included in lines 1a–1f $108,270
Total Revenue from Contributions, Gifts, Grants & Similar$2,388,395
Total Program Service Revenue$111,757
Investment income $16,423
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$11,952
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $5,628,527
Miscellaneous Revenue$0
Total Revenue $8,155,161

Grants Recieved

Over the last fiscal year, we have identified 15 grants that Milkweed Editions Inc has recieved totaling $630,075.

Awarding OrganizationAmount
Impactassets Inc

Bethesda, MD

PURPOSE: GENERAL SUPPORT

$201,000
Lenzmeier Family Foundation

Minneapolis, MN

PURPOSE: GENERAL OPERATING

$125,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: ARTS, CULTURE & HUMANITIES

$77,425
Mcknight Foundation

Minneapolis, MN

PURPOSE: FOR GENERAL OPERATING SUPPORT

$60,000
Mcknight Foundation

Minneapolis, MN

PURPOSE: FOR GENERAL OPERATING SUPPORT

$60,000
Minneapolis Jewish Federation

Minneapolis, MN

PURPOSE: GENERAL OPERATING SUPPORT

$35,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$225,000
Earnings$3,867
Other Expense$3,867
Ending Balance$225,000

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