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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Daniel Slager Publisher/ CEO | OfficerTrustee | 40 | $178,192 |
Lynn Abrahamsen Vice Chair | OfficerTrustee | 1 | $0 |
Bill Hogle Treasurer | OfficerTrustee | 1 | $0 |
Chris Crosby Chair | OfficerTrustee | 1 | $0 |
Sheila Letscher Secretary | OfficerTrustee | 1 | $0 |
Pamela Fletcher Bush Board Member | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Ingram Publishers Group West Distributes And Stores Inventory | 12/30/21 | $1,636,585 |
The Stuart Agency Literary Agency | 12/30/21 | $617,846 |
Robin Wall Kimmerer Author | 12/30/21 | $1,143,791 |
Bookmobile Print Production | 12/30/21 | $1,958,595 |
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 |
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. | $200,000 |
Compensation of current officers, directors, key employees. | $30,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $789,271 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $118,593 |
Payroll taxes | $75,452 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $30,717 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $67,986 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $147,041 |
Advertising and promotion | $288,869 |
Office expenses | $120,599 |
Information technology | $0 |
Royalties | $1,963,872 |
Occupancy | $38,982 |
Travel | $10,655 |
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 | $14,740 |
Insurance | $16,643 |
All other expenses | $103,324 |
Total functional expenses | $5,458,410 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,373,720 |
Savings and temporary cash investments | $2,236,848 |
Pledges and grants receivable | $1,119,858 |
Accounts receivable, net | $1,854,862 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $785,025 |
Prepaid expenses and deferred charges | $11,052 |
Net Land, buildings, and equipment | $27,860 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $319,885 |
Total assets | $7,729,110 |
Accounts payable and accrued expenses | $1,320,739 |
Grants payable | $0 |
Deferred revenue | $114,470 |
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 | $0 |
Total liabilities | $1,435,209 |
Net assets without donor restrictions | $4,883,148 |
Net assets with donor restrictions | $1,410,753 |
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 | $7,729,110 |
Over the last fiscal year, we have identified 15 grants that Milkweed Editions Inc has recieved totaling $630,075.
Awarding Organization | Amount |
---|---|
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 |
Beg. Balance | $225,000 |
Earnings | $3,867 |
Other Expense | $3,867 |
Ending Balance | $225,000 |
Organization Name | Assets | Revenue |
---|---|---|
Municipal Theatre Association Of St Louis St Louis, MO | $124,521,689 | $24,643,540 |
Tri-County Communications Cooperative Inc Strum, WI | $52,913,250 | $19,988,134 |
American Public Media Group St Paul, MN | $192,023,056 | $29,866,747 |
Allied Media Projects Inc Detroit, MI | $44,433,468 | $40,799,256 |
Missouri Historical Society Jefferson Memorial Building St Louis, MO | $154,816,775 | $36,156,227 |
Kauffman Center For The Performing Arts Kansas City, MO | $435,789,864 | $9,136,596 |
Cheyenne Frontier Days Inc Cheyenne, WY | $31,016,567 | $28,437,784 |
Johnny Morris Wonders Of Wildlife Foundation Springfield, MO | $84,645,334 | $34,583,902 |
Kansas City Symphony Kansas City, MO | $64,822,369 | $17,397,853 |
Mosaic Employee Welfare Benefit Plan Trust Omaha, NE | $7,371,640 | $16,223,052 |
Radiant Life Ministries Marion, IL | $195,965,953 | $18,938,808 |
Milwaukee Art Museum Inc Milwaukee, WI | $162,007,595 | $17,721,477 |