The Sun Publishing Company
- Assets
- $1.4m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 17
- Location
- Chapel Hill, NC
- Founding
- 07/1984
- Data as of
- 12/2023
- EIN
- 56-1187623
Organization Overview
The Sun Publishing Company is located in Chapel Hill, NC. The organization was established in 1984. 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, Sun Publishing Company employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sun Publishing Company 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, Sun Publishing Company generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MAGAZINE IS AN AD-FREE MONTHLY MAGAZINE WHICH PUBLISHES AN ECLECTIC MIX OF PERSONAL ESSAYS INTERVIEWS FICTION POETRY AND PHOTOGRAPHS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 1974 THE SUN IS ONE OF NORTH CAROLINAS OLDEST AND MOST WIDELY READ LITERARY MAGAZINES. MORE THAN 40,000 SUBSCRIBERS ENJOY OUR INTERVIEWS PERSONAL ESSAYS FICTION POETRY AND PHOTOGRAPHY EACH MONTH AND AN ADDITIONAL 10,000 MAGAZINES ARE DISTRIBUTED TO NEWSSTANDS IN THE UNITED STATES AND CANADA. THE SUN IS READER-SUPPORTED AND FREE OF ADVERTISING AND HAS BEEN PUBLISHING FOR FIFTY YEARS. OUR GOAL IS TO PUBLISH WRITING AND PHOTOGRAPHY THAT FOSTERS COMPASSION THROUGH GREATER AWARENESS OF OUR SHARED EXPERIENCE. WE WANT TO OFFER BOTH ESTABLISHED AND EMERGING ARTISTS AN OPPORTUNITY TO RISK A CLOSER EXAMINATION OF THE TRUTH AND TO REACH A WIDER AUDIENCE. WRITING FROM THE SUN HAS WON THE PUSHCART PRIZE BEEN FEATURED IN BEST AMERICAN ESSAYS AND BEST AMERICAN SHORT STORY ANTHOLOGIES AND HAS BEEN ON NATIONAL PUBLIC RADIO. UPON AWARDING THE SUN ITS INDEPENDENT PRESS AWARD FOR BEST WRITING UTNE CALLED THE MAGAZINE AN "INTIMATE FORUM WHERE SOME OF THE FINEST CONTEMPORARY WRITERS SHARE THEIR MOST POLISHED AND PROVOCATIVE PROSE." IN ADDITION TO PUBLISHING A MONTHLY MAGAZINE THE SUN HAS ALSO PUBLISHED EIGHT BOOKS. PAPER LANTERNS IS ECLECTIC COLLECTION OF QUOTES FROM THE BACK OF THE MAGAZINE. IN THE MYSTERIOUS LIFE OF THE HEART CONTRIBUTORS EXPLORE THE ENIGMA OF INTIMACY AND RELATIONSHIPS. OUR BEST OF THE SUN ANTHOLOGIES FEATURE THE FINEST WRITING FROM THE MAGAZINES FIRST TWO DECADES. FOUR IN THE MORNING AND MANY ALARM CLOCKS BRING TOGETHER FOUNDER AND EDITOR EMERITUS SY SAFRANKYS BEST ESSAYS AND JOURNAL ENTRIES. AND SUNBEAMS OUR FIRST COLLECTION OF QUOTATIONS OFFERS TEN YEARS WORTH OF INSPIRING WORDS FROM THE SUN. WE HAVE AN ONGOING COMMITMENT TO PROVIDE FREE SUBSCRIPTIONS TO LIBRARIES COMMUNITY COLLEGES AND PRISONS THROUGHOUT THE COUNTRY. IN ADDITION WE REGULARLY PROVIDE FREE SUBSCRIPTIONS TO PRISONERS WHO WRITE TO REQUEST ONE. OUR HOPE IS TO REACH READERS WHO ARE UNABLE TO AFFORD THE MAGAZINE OR WHO LIVE IN AREAS WHERE LITERARY RESOURCES ARE SCARE. IN 2023 WE WERE ABLE TO PROVIDE OVER 1200 SUBSCRIPTIONS TO COMMUNITY COLLEGES PRISONERS PRISON LIBRARIES AND OTHER NON-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Seymour Safransky President | OfficerTrustee | 40 | $75,097 |
Lewis Lipsitz Vice President | OfficerTrustee | 1 | $0 |
Cindy Calderwood Treasurer | OfficerTrustee | 1 | $0 |
Norma Safransky Director | Trustee | 1 | $0 |
Robert Bowers Publisher | Officer | 60 | $197,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $781,107 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $781,107 |
| Total Program Service Revenue | $1,948,369 |
| Investment income | $26,138 |
| 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 | $2,755,614 |
| 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. | $289,125 |
| Compensation of current officers, directors, key employees. | $72,281 |
| Compensation to disqualified persons | $1,020,118 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $27,271 |
| Other employee benefits | $177,062 |
| Payroll taxes | $97,925 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,985 |
| 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 | $186,710 |
| Office expenses | $91,082 |
| Information technology | $97,337 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,715 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,775 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,838 |
| Insurance | $12,167 |
| All other expenses | $14,066 |
| Total functional expenses | $3,201,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,166 |
| Savings and temporary cash investments | $621,144 |
| 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 |
| Net Land, buildings, and equipment | $599,445 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,439,755 |
| Accounts payable and accrued expenses | $56,690 |
| 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 | $56,690 |
| Net assets without donor restrictions | $1,383,065 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,439,755 |