Hand Papermaking Inc
- Assets
- $127.2k
- Revenue
- $130.2k
- Investments
- $35.1k
- Employees
- 1
- Location
- Mendota, MN
- Founding
- 11/1988
- Data as of
- 12/2020
- EIN
- 52-1436849
Organization Overview
Hand Papermaking Inc is located in Mendota, MN. The organization was established in 1988. 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. Hand Papermaking 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 12/2020, Hand Papermaking Inc generated $130.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $118.1k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCING TRADITIONAL AND CONTEMPORARY IDEAS IN THE ART OF HANDPAPERMAKING THROUGH PUBLICATIONS AND OTHER EDUCATIONAL FORMATS
Describe the Organization's Program Activity:
Part 3 - Line 4a
HAND PAPERMAKING MAGAZINE AND NEWSLETTER -- A BIANNUAL MAGAZINE AND QUARTERLY NEWSLETTER SENT TO 850+ SUBSCRIBERS AROUND THE US AND INTERNATIONALLY (TO LIBRARIES, MUSEUMS, SCHOOLS, ARTISTS, COLLECTORS, AND INDIVIDUAL SUBSCRIBERS).
HANDMADE PAPER PORTFOLIOS -- LIMITED-EDITION COLLECTIONS OF HANDMADE PAPER MADE BY ARTISTS FROM AROUND THE US AND INTERNATIONALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Fallon Executive Director | Officer | 40 | $47,880 |
Kelly Taylor Mitchell Director | Trustee | 6 | $2,500 |
Lisa Cirando Treasurer | OfficerTrustee | 1 | $0 |
Darin Murphy Board Chair | OfficerTrustee | 1 | $0 |
May Babcock Vice Chair/secretary | OfficerTrustee | 1 | $0 |
Anela Oh Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,571 |
| Investment income | $5,667 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,747 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $130,204 |
| Statement of Expenses | |
|---|---|
| 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. | $47,880 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,501 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,436 |
| Payroll taxes | $2,554 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $957 |
| Office expenses | $2,783 |
| Information technology | $4,000 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,713 |
| 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 | $0 |
| Total functional expenses | $118,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,574 |
| Savings and temporary cash investments | $53,467 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $35,109 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $127,150 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $127,150 |
Endowment Analysis
| Beg. Balance | $35,109 |
| Earnings | $6,428 |
| Ending Balance | $41,537 |
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