Graywolf Press
- Assets
- $6.5m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 25
- Location
- Minneapolis, MN
- Founding
- 07/1984
- Data as of
- 12/2021
- 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 12/2021, Graywolf Press employed 25 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 12/2021, Graywolf Press generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $4.2m during the year ending 12/2021. While expenses have increased by 6.1% 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
GRAYWOLF PRESS IS DEDICATED TO THE CREATION OF THOUGHTFUL AND IMAGINATIVE CONTEMPORARY 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 23 NEW MANUSCRIPTS IN 2021. WE ARE GRATIFIED BY AWARDS THAT DEMONSTRATE THE EXCELLENCE OF OUR PUBLISHING PROGRAM. IN 2021, POSTCOLONIAL LOVE POEM BY NATALIE DIAZ WON THE PULITZER PRIZE FOR POETRY, AND PERCIVAL EVERETT'S TELEPHONE WAS A FINALIST FOR THE PULITZER PRIZE FOR FICTION. THE TWILIGHT ZONE BY NONA FERNANDEZ WAS A FINALIST FOR THE NATIONAL BOOK AWARD FOR TRANSLATED LITERATURE.
PRODUCTION. IN 2021, GRAYWOLF PUBLISHED 33 TITLES FEATURING THE WORK OF 37 AUTHORS AND TRANSLATORS. WE REACHED ABOUT 675,000 READERS WITH OUR 600 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 OVER 200 VIRTUAL AND IN-PERSON EVENTS IN 2021. ON FREEDOM BY MAGGIE NELSON AND THE TREES BY PERCIVAL EVERETT WERE INCLUDED IN THE NEW YORK TIMES LIST OF 100 NOTABLE BOOKS OF 2021. THIS MOURNABLE BODY BY TSITSI DANGAREMBGA (PUBLISHED BY GRAYWOLF IN 2018) HAS GONE ON TO BECOME A BEST SELLER IN GERMANY, WINNING THE PEACE PRIZE OF THE GERMAN BOOK TRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fiona Mccrae Executive Director | Officer | 40 | $139,332 |
Cathy Polasky Chair | OfficerTrustee | 2 | $0 |
Trish Anderson Vice Chair | OfficerTrustee | 2 | $0 |
Jill Koosmann Treasurer | OfficerTrustee | 2 | $0 |
Milo Cumaranatunge Secretary | OfficerTrustee | 2 | $0 |
Art Berman Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $243,764 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,072,954 |
| Noncash contributions included in lines 1a–1f | $49,378 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,316,718 |
| Total Program Service Revenue | $299,846 |
| Investment income | $27,435 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,243 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,584,287 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,234,529 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,850 |
| 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. | $185,187 |
| Compensation of current officers, directors, key employees. | $33,334 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,122,527 |
| Pension plan accruals and contributions | $49,133 |
| Other employee benefits | $162,744 |
| Payroll taxes | $91,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,089 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $235,204 |
| Advertising and promotion | $84,243 |
| Office expenses | $109,163 |
| Information technology | $70,988 |
| Royalties | $1,003,411 |
| Occupancy | $71,811 |
| Travel | $1,190 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,349 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,536 |
| Insurance | $42,060 |
| All other expenses | $0 |
| Total functional expenses | $4,214,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,939,464 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $445,965 |
| Accounts receivable, net | $708,410 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $600,709 |
| Prepaid expenses and deferred charges | $100,244 |
| Net Land, buildings, and equipment | $115,130 |
| Investments—publicly traded securities | $2,054,723 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $506,835 |
| Total assets | $6,471,480 |
| Accounts payable and accrued expenses | $141,063 |
| Grants payable | $0 |
| Deferred revenue | $259,626 |
| 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 | $393,080 |
| Total liabilities | $793,769 |
| Net assets without donor restrictions | $5,006,731 |
| Net assets with donor restrictions | $670,980 |
| 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 | $6,471,480 |
Grants Awarded
Over the last fiscal year, Graywolf Press has awarded $55,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: SUPPORT LOCAL COMMUNITY ORGANIZATIONS AND ASSIST THEM IN REBUILDING AFTER CIVIL UNREST | $5,000 |
St Paul, MN PURPOSE: SUPPORT LOCAL COMMUNITY ORGANIZATIONS AND ASSIST THEM IN REBUILDING AFTER CIVIL UNREST | $5,000 |
Minneapolis, MN PURPOSE: SUPPORT LOCAL COMMUNITY ORGANIZATIONS AND ASSIST THEM IN REBUILDING AFTER CIVIL UNREST | $5,000 |
Minneapolis, MN PURPOSE: SUPPORT LOCAL COMMUNITY ORGANIZATIONS AND ASSIST THEM IN REBUILDING AFTER CIVIL UNREST | $5,000 |
Golden Valley, MN PURPOSE: SUPPORT LOCAL COMMUNITY ORGANIZATIONS AND ASSIST THEM IN REBUILDING AFTER CIVIL UNREST | $5,000 |
Minneapolis, MN PURPOSE: SUPPORT LOCAL COMMUNITY ORGANIZATIONS AND ASSIST THEM IN REBUILDING AFTER CIVIL UNREST | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Graywolf Press has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Seidl Foundation Inc Wausau, WI PURPOSE: GENERAL OPERATIONS | $5,000 |
Endowment Analysis
| Beg. Balance | $104,143 |
| Earnings | $622 |
| Ending Balance | $104,765 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Graywolf Press Minneapolis, MN | $6,471,480 | $4,234,529 |
National Scholastic Press Association Minneapolis, MN | $1,606,709 | $1,839,940 |
Minnpost Minneapolis, MN | $1,303,702 | $1,954,386 |
Wcij Inc Madison, WI | $2,099,123 | $1,902,825 |
Iowa State Daily Publication Ames, IA | $272,602 | $1,179,802 |
Student Publications Incorporated Iowa City, IA | $1,877,075 | $1,687,333 |
Coffee House Press Inc Minneapolis, MN | $1,101,126 | $1,040,761 |
Progressive Inc Madison, WI | $339,899 | $1,449,117 |
Center For Media And Democracy Inc Madison, WI | $1,991,473 | $1,140,052 |
Printing Industry Midwest Inc Golden Valley, MN | $3,370,388 | $722,427 |
The Society Of Gilbert Keith Chesterton Hopkins, MN | $173,650 | $743,302 |
Great Lakes Graphics Association Inc Pewaukee, WI | $1,005,677 | $664,445 |