Graywolf Press
- Assets
- $5.4m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 23
- Location
- Minneapolis, MN
- Founding
- 07/1984
- Data as of
- 12/2023
- EIN
- 91-1257237
Organization Overview
Graywolf Press is located in Minneapolis, MN. 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, Graywolf Press employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Graywolf Press 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, Graywolf Press generated $3.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $3.8m during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PUBLISHER COMMITTED TO THE DISCOVERY AND ENERGETIC PUBLICATION OF LITERATURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDITORIAL SERVICES. GRAYWOLF EDITORS CONTINUE TO SEEK SINGULAR WORK THAT IS ENGAGED WITH CONTEMPORARY ISSUES OF OUR TIME, AS WELL AS VOICES, STORIES, AND GENRES THAT ARE UNDERREPRESENTED IN COMMERCIAL PUBLISHING. EDITORS ACQUIRED 20 NEW MANUSCRIPTS IN 2023. WE ARE GRATIFIED BY AWARDS THAT DEMONSTRATE THE EXCELLENCE OF OUR PUBLISHING PROGRAM. IN 2023, PERCIVAL EVERETT'S NOVEL DR. NO WON THE 2023 PEN/JEAN STEIN BOOK AWARD AND WAS A FINALIST FOR THE NATIONAL BOOK CRITICS CIRCLE FICTION AWARD, CONCENTRATE BY COURTNEY FAYE TAYLOR WON THE FOUR QUARTETS PRIZE, MONICA YOUN'S FROM FROM WAS A FINALIST FOR THE NATIONAL BOOK AWARD FOR POETRY, AND MANUEL MUNOZ'S THE CONSEQUENCES WON THE JOYCE CAROL OATES PRIZE. IN 2023, GRAYWOLF LAUNCHED GRAYWOLF LAB AND PODCAST, AN ONLINE PLATFORM FOR INTERDISCIPLINARY CONVERSATIONS AND NEW WRITING.
PRODUCTION. IN 2023, GRAYWOLF PUBLISHED 25 TITLES FEATURING THE WORK OF 38 AUTHORS AND TRANSLATORS. WE REACHED ABOUT 600,000 READERS WITH OUR 665 TITLES IN PRINT. GRAYWOLF RELEASES SIMULTANEOUS PRINT AND EBOOK EDITIONS, AND OUR BOOKS ARE AVAILABLE IN BOOKSTORES ACROSS THE COUNTRY AS WELL AS ONLINE. RELATIONSHIPS WITH PUBLIC LIBRARIES AND A PRACTICE OF DONATING OUR BOOKS TO PRISONS AND COMMUNITY ORGANIZATIONS HELPS ENSURE THAT OUR BOOKS REACH A WIDE AUDIENCE. GRAYWOLF BOOKS ARE PRINTED ON ACID-FREE PAPER AND ARE BUILT TO LAST. WE USE RECYCLED PAPER WHENEVER POSSIBLE.
PROMOTION AND MARKETING SERVICES. GRAYWOLF PLAYS A CRUCIAL ROLE IN ADVANCING OUR WRITERS' PROFESSIONAL CAREERS BY PROVIDING DYNAMIC PUBLICITY AND MARKETING. WE ARE COMMITTED TO FINDING A BROAD AUDIENCE FOR EACH PUBLICATION. OUR AUTHORS PARTICIPATED IN APPROXIMATELY 225 VIRTUAL AND IN-PERSON EVENTS IN 2023. IN 2023, OUR BOOKS RECEIVED HUNDREDS OF MEDIA HITS, INCLUDING THIRTY-THREE REVIEWS IN THE NEW YORK TIMES AND NEW YORK TIMES BOOK REVIEW, NINE REVIEWS IN THE NEW YORKER, AND SIX REVIEWS IN THE WASHINGTON POST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Stone Chair | OfficerTrustee | 2 | $0 |
Cathy Polasky Vice Chair | OfficerTrustee | 2 | $0 |
Kathleen Boe Secretary | OfficerTrustee | 2 | $0 |
Jill Koosman Treasurer | OfficerTrustee | 2 | $0 |
Stefanie Adams Director | Trustee | 2 | $0 |
Ramona Advani Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bookmobile Production Of Books | 12/30/23 | $852,268 |
Asana Partners Fund Office Occupancy | 12/30/23 | $100,158 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $42,089 |
| Related organizations | $0 |
| Government grants | $302,576 |
| All other contributions, gifts, grants, and similar amounts not included above | $853,463 |
| Noncash contributions included in lines 1a–1f | $26,833 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,198,128 |
| Total Program Service Revenue | $228,694 |
| Investment income | $74,610 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$248 |
| Net Income from Fundraising Events | -$13,964 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,849,026 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,336,246 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,100 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $187,343 |
| Compensation of current officers, directors, key employees. | $28,101 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,208,487 |
| Pension plan accruals and contributions | $55,190 |
| Other employee benefits | $203,780 |
| Payroll taxes | $100,514 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,975 |
| Fees for services: Accounting | $58,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,502 |
| Advertising and promotion | $65,082 |
| Office expenses | $93,009 |
| Information technology | $86,312 |
| Royalties | $630,206 |
| Occupancy | $98,442 |
| Travel | $51,482 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,762 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,655 |
| Insurance | $39,702 |
| All other expenses | $19,626 |
| Total functional expenses | $3,819,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $382,709 |
| Savings and temporary cash investments | $322,911 |
| Pledges and grants receivable | $267,781 |
| Accounts receivable, net | $469,861 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $642,164 |
| Prepaid expenses and deferred charges | $50,121 |
| Net Land, buildings, and equipment | $319,817 |
| Investments—publicly traded securities | $2,161,379 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $771,100 |
| Total assets | $5,387,843 |
| Accounts payable and accrued expenses | $38,163 |
| Grants payable | $0 |
| Deferred revenue | $160,663 |
| 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 | $791,721 |
| Total liabilities | $990,547 |
| Net assets without donor restrictions | $3,855,270 |
| Net assets with donor restrictions | $542,026 |
| 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 | $5,387,843 |
Grants Awarded
Over the last fiscal year, Graywolf Press has awarded $27,750 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BEMIDJI STATE UNIVERSITY FOUNDATION PURPOSE: NEW POETS OF NATIVE NATIONS WOMEN'S SCHOLARSHIPS TO THE MN NORTHWOODS CONFERENCE | $1,500 |
BOOK INDUSTRY CHARITABLE FOUNDATION (BINC) PURPOSE: SUPPORT INDEPENDENT BOOKSTORES DURING THE PANDEMIC | $1,000 |
JUXTAPOSITION ARTS PURPOSE: SUPPORT LOCAL COMMUNITY ORGANIZATIONS AND ASSIST THEM IN REBUILDING AFTER CIVIL UNREST | $5,000 |
MIGIZI COMMUNICATIONS PURPOSE: SUPPORT LOCAL COMMUNITY ORGANIZATIONS AND ASSIST THEM IN REBUILDING AFTER CIVIL UNREST | $5,000 |
ST PAUL AREA CHAMBER OF COMMERCE FOUNDATION PURPOSE: SUPPORT LOCAL COMMUNITY ORGANIZATIONS AND ASSIST THEM IN REBUILDING AFTER CIVIL UNREST | $5,000 |
NORTHSIDE FUNDERS GROUP CO THE MINNEAPOLIS FOUNDATION PURPOSE: SUPPORT LOCAL COMMUNITY ORGANIZATIONS AND ASSIST THEM IN REBUILDING AFTER CIVIL UNREST | $5,000 |