2022-11-15T11:07:12-06:00 2021-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2021-01-01 133584516 THE NEW PRESS INC NEWP 2126298802 120 WALL STREET 31 FL NEW YORK NY 100054007 DIANE WACHTELL EXECUTIVE DIRECTOR 2126298802 2022-11-15 1 DIANE WACHTELL 999009999 FREDERICK MARTENS P00298107 2126972299 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z DIANE WACHTELL 120 WALL STREET 31 FL NEW YORK NY 100054007 9764056 0 X WWW.THENEWPRESS.COM X 1990 NY PUBLISHING IN THE PUBLIC INTEREST BOOKS OF CULTURAL, HISTORICAL, AND/OR EDUCATIONAL VALUE THAT ARE LIKELY TO BE DEEMED INSUFFICIENTLY PROFITABLE AND HENCE OVERLOOKED BY COMMERCIAL PUBLISHERS. 19 17 40 25 0 0 2296573 3125422 687191 416168 3265 883 4453881 3474975 7440910 7017448 0 0 0 0 2692041 2885441 0 0 737753 2173675 2205750 4865716 5091191 2575194 1926257 9099450 10475881 2769815 2216876 6329635 8259005 X PUBLICATION OF BOOKS ON CULTURAL, HISTORICAL, AND SOCIAL ISSUES TO INCREASE EDUCATIONAL AND SOCIAL AWARENESS. THESE BOOKS ARE OFTEN WRITTEN BY AUTHORS AND/OR ARE WRITTEN ABOUT SUBJECTS THAT MIGHT OTHERWISE NOT BE DEEMED COMMERCIAL ENOUGH TO BE PUBLISHED. ORGANIZE FREE PUBLIC FORUMS FOR DISCUSSION ABOUT ISSUES ADDRESSED IN THE NEW PRESS BOOKS BY THE NEW PRESS AUTHORS. 0 0 3532079 3807037 THE NEW PRESS POSTED STRONG RESULTS IN 2021, OUTPERFORMING BOTH BUDGET AND FORECAST. THIS WAS ACHIEVED DESPITE SIGNIFICANT CHALLENGES WITH BOTH FRONTLIST PERFORMANCE AND SUPPLY CHAIN ISSUES. ALTHOUGH THERE WAS NOT A REPEAT OF THE STRATOSPHERIC SALES REVENUES WE ENJOYED IN 2020, OUR NUMBERS WERE BOOSTED BY HIGH SELL-THOUGH, AN ENDURING BACKLIST WITH AWARD-WINNING TITLES THAT CONTINUE TO RESONATE WITH READERS, A HANDFUL OF STRONG FRONTLIST TITLES (EXCEPT FOR PALESTINE, KAEPERNICK EFFECT, ATLAS OF DISAPPEARING PLACES), AND UNPRECEDENTED CONTRIBUTED REVENUES. BOTH EARNED AND CONTRIBUTED REVENUES SOARED ABOVE FORECAST. 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FORM 990, PART VI, SECTION B, LINE 11B MEMBERS OF THE AUDIT COMMITTEE REVIEW FORM 990 WHICH IS ALSO DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY POTENTIAL CONFLICTS OF INTEREST ARE REFERRED TO THE AUDIT COMMITTEE. IF A COMMITTEE MEMBER HAS A CONFLICT OF INTEREST, THAT MEMBER RECUSES HIM/HERSELF FROM THE DISCUSSION AND/OR VOTING ON THAT TOPIC. EACH YEAR, EACH OFFICER AND DIRECTOR COMPLETES A CONFLICT OF INTEREST DISCLOSURE FORM, AND THESE FORMS ARE PROVIDED TO THE AUDIT COMMITTEE AND MADE AVAILABLE FOR INSPECTION BY MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS DETERMINED BY THE FINANCE COMMITTEE WHICH ACTS AS THE COMPENSATION COMMITTEE. COMPENSATION OF THE EXECUTIVE DIRECTOR AND THE PUBLISHER IS BASED ON A REVIEW OF PERFORMANCE BY INDEPENDENT MEMBERS OF THE BOARD, AS WELL AS ON AN UNDERSTANDING OF COMPARABLE COMPENSATION IN SIMILAR ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.