2021-05-04T07:23:26-05:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2020-01-01 911257237 GRAYWOLF PRESS GRAY 6516410077 250 THIRD AVENUE N NO 600 MINNEAPOLIS MN 55401 FIONA MCCRAE DIRECTOR/PUBLISHER 6516410077 2021-04-14 1 FIONA MCCRAE 999009999 RACHEL FLANDERS P01591790 6123764500 2021-04-14 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z FIONA MCCRAE 250 THIRD AVENUE N NO 600 MINNEAPOLIS MN 55401 5879781 0 X WWW.GRAYWOLFPRESS.ORG X 1974 MN GRAYWOLF PRESS IS DEDICATED TO THE CREATION OF THOUGHTFUL AND IMAGINATIVE CONTEMPORARY LITERATURE. 20 20 19 20 0 0 1380275 1319101 209016 219107 28250 21589 3018232 3239306 4635773 4799103 0 27750 0 0 1379872 1502424 0 0 343014 2693627 2935098 4073499 4465272 562274 333831 6061535 6510700 896652 1011986 5164883 5498714 X GRAYWOLF PRESS IS A LEADING INDEPENDENT PUBLISHER COMMITTED TO THE DISCOVERY AND ENERGETIC PUBLICATION OF TWENTY-FIRST CENTURY AMERICAN AND INTERNATIONAL LITERATURE. WE CHAMPION OUTSTANDING WRITERS AT ALL STAGES OF THEIR CAREERS TO ENSURE THAT ADVENTUROUS READERS CAN FIND UNDERREPRESENTED AND DIVERSE VOICES IN A CROWDED MARKETPLACE. WE BELIEVE WORKS OF LITERATURE NOURISH THE READER'S SPIRIT AND ENRICH BROADER CULTURE, AND THAT THEY MUST BE SUPPORTED BY ATTENTIVE EDITING, COMPELLING DESIGN, AND CREATIVE PROMOTION. 0 0 733021 13875 88744 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 30 NEW MANUSCRIPTS IN 2020. WE ARE GRATIFIED BY AWARDS THAT DEMONSTRATE THE EXCELLENCE OF OUR PUBLISHING PROGRAM. IN 2020, THE DISCOMFORT OF EVENING BY MARIEKE LUCAS RIJNEVELD WON THE INTERNATIONAL BOOKER PRIZE AND TSITSI DANGAREMBGA'S THIS MOURNABLE BODY, PUBLISHED BY GRAYWOLF IN 2018, WAS SHORTLISTED FOR THE MAIN BOOKER PRIZE. POSTCOLONIAL LOVE POEM BY NATALIE DIAZ WAS A FINALIST FOR THE NATIONAL BOOK AWARD FOR POETRY AND THE FORWARD PRIZE FOR BEST COLLECTION IN THE UK. 2197311 0 3369669 PRODUCTION. IN 2020, GRAYWOLF PUBLISHED 28 TITLES FEATURING THE WORK OF 34 AUTHORS AND TRANSLATORS. WE REACHED ABOUT 740,000 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. 907995 13875 0 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. IN 2020, TIME MAGAZINE NAMED JUST US BY CLAUDIA RANKINE AND THE DRAGONS, THE GIANT, THE WOMEN BY WAYTU MOORE TWO OF THE TEN BEST NONFICTION BOOKS OF THE YEAR. JUST US WAS ALSO NAMED ONE OF 100 NOTABLE BOOKS BY THE NEW YORK TIMES, AND THE DRAGONS, THE GIANT, THE WOMEN WAS ONE OF PUBLISHERS WEEKLY'S TOP 10 BOOKS OF 2020. OUR STAFF QUICKLY PIVOTED TO THE NEW VIRTUAL EVENTS SPHERE, AND OUR AUTHORS PARTICIPATED IN OVER 130 VIRTUAL EVENTS IN 2020. 3838327 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 159 0 19 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN NY CA X X LESLIE JOHNSON 6516410077 250 THIRD AVENUE N SUITE 600 MINNEAPOLIS MN 55401 FIONA MCCRAE EXECUTIVE DIRECTOR 40.00 X 147750 0 44516 TRISH ANDERSON CHAIR 2.00 X X 0 0 0 CATHY POLASKY VICE CHAIR 2.00 X X 0 0 0 JILL KOOSMANN TREASURER 2.00 X X 0 0 0 KATHLEEN BOE SECRETARY 2.00 X X 0 0 0 ART BERMAN DIRECTOR 2.00 X 0 0 0 KARIN BIRKELAND DIRECTOR 2.00 X 0 0 0 CAROL BEMIS DIRECTOR 2.00 X 0 0 0 MILO CUMARANATUNGE DIRECTOR 2.00 X 0 0 0 BRIAN CHILDS DIRECTOR 2.00 X 0 0 0 RICK DOW DIRECTOR 2.00 X 0 0 0 MARK JENSEN DIRECTOR 2.00 X 0 0 0 MICHELLE KEELEY DIRECTOR 2.00 X 0 0 0 CHRIS KIRWAN DIRECTOR 2.00 X 0 0 0 ZACH MCMILLAN DIRECTOR 2.00 X 0 0 0 MAURA RAINEY MCCORMACK DIRECTOR 2.00 X 0 0 0 SHARON PIERCE DIRECTOR 2.00 X 0 0 0 JAMES SHORT DIRECTOR 2.00 X 0 0 0 WINIFRED SMITH DIRECTOR 2.00 X 0 0 0 DEBRA STONE DIRECTOR 2.00 X 0 0 0 JUDY TITCOMB DIRECTOR 2.00 X 0 0 0 147750 0 44516 1 0 1 0 BOOKMOBILE 5120 CEDAR LAKE ROAD MINNEAPOLIS MN 55416 PRODUCTION OF BOOKS 910001 1 469553 849548 30877 1319101 RIGHTS REVENUE 511130 219107 219107 219107 21589 21589 4319984 1080678 3239306 3239306 4799103 3458413 0 21589 27750 27750 192267 124974 32686 34607 1039580 794460 117362 127758 44191 33955 4897 5339 140469 108991 15036 16442 85917 64438 10310 11169 24501 24501 166116 76829 6472 82815 70830 70830 100194 71184 17129 11881 68407 52090 3400 12917 1304316 1304316 68822 51616 8259 8947 21822 20406 1416 39811 34349 2474 2988 42259 28298 4528 9433 34506 34506 DISTRIBUTION FEES 892995 892995 PROMOTION EXPENSES 77013 64285 12728 COMPLIMENTARY COPIES 14002 13186 816 DUES AND SUBSCRIPTIONS 9504 3375 2371 3758 4465272 3838327 283931 343014 2645853 3553437 1128604 823833 867028 886035 546415 514584 52038 53255 351003 301231 58811 49772 762786 629784 6061535 6510700 82039 107906 387383 426581 427230 477499 896652 1011986 X 3929610 4581138 1235273 917576 5164883 5498714 6061535 6510700 333831 0 X 0 1 X 1 0 X 869440 1560788 2218830 1380275 1319101 7348434 869440 1560788 2218830 1380275 1319101 7348434 1566069 5782365 249 251 7617 28250 21589 57956 7406390 19074927 0.78070 0.75750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 3727 0 0 0 3727 0 PART II-B, LINE 1: SCHEDULE C, PART II-B, LINE 1F: THE ORGANIZATION PAYS MEMBERSHIP DUES TO ONE ORGANIZATION TO LOBBY ON BEHALF OF THE ORGANIZATION. 103102 1041 104143 102578 524 103102 101812 767 102578 101561 251 101812 101312 249 101561 0.00000 0.96020 0.03980 0 0 85995 85995 0 116861 80161 36700 148147 135075 13072 49772 ROYALTY ADVANCES 629784 629784 ROYALTY PAYABLE 477499 477499 X 5879781 1080678 1080678 4799103 0 4799103 5545950 1080678 1080678 4465272 0 4465272 PART V, LINE 4: THE FUNDS DRAWN FROM THE ENDOWMENT SHALL BE USED FOR THE PURPOSE OF SUPPORTING THE GRAYWOLF PRESS NONFICTION PRIZE UNTIL SUCH TIME AS SUCH CHARITABLE USE, IN THE JUDGMENT OF THE TRUSTEE (OR THE TRUSTEES DESIGNATED REPRESENTATIVE) AND THE BOARD OF DIRECTORS OF GRAYWOLF PRESS, BECOMES UNDESIRABLE, IMPRACTICAL, IMPOSSIBLE, OR NO LONGER ADAPTS TO THE MISSION OF GRAYWOLF PRESS. PART X, LINE 2: THE ORGANIZATION HAS A TAX-EXEMPT STATUS UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND HAS ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ASC 740-10. THE ORGANIZATION'S POLICY IS TO EVALUATE UNCERTAIN TAX POSITIONS, AT LEAST ANNUALLY, FOR THE POTENTIAL FOR INCOME TAX EXPOSURE FROM UNRELATED BUSINESS INCOME OR FROM LOSS OF NONPROFIT STATUS. THE ORGANIZATION CONTINUES TO OPERATE CONSISTENT WITH ITS ORIGINAL EXEMPTION APPLICATION AND EACH YEAR TAKES THE NECESSARY ACTIONS TO MAINTAIN ITS EXEMPT STATUS. IT HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER THE INTERNAL REVENUE CODE AND CHARITABLE CONTRIBUTIONS BY DONORS ARE TAX DEDUCTIBLE. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,080,678. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,080,678. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES ATTEND BOOK FAIRS IN THE REGION 3923 0 0 0 0 0 0 3923 0 3923 0 0 0 0 0 0 PART I, LINE 3: ACCRUAL BASIS ACCOUNTING PART III ACCOUNTING METHOD: 1 BEMIDJI STATE UNIVERSITY FOUNDATION 1500 BIRCHMONT DRIVE 17 BEMIDJI MN 56601 237044156 501(C)(3) 1500 NEW POETS OF NATIVE NATIONS WOMEN'S SCHOLARSHIPS TO THE MN NORTHWOODS CONFERENCE BOOK INDUSTRY CHARITABLE FOUNDATION (BINC) 3135 S STATE ST UNIT 203 ANN ARBOR MI 48108 383279018 501(C)(3) 1000 SUPPORT INDEPENDENT BOOKSTORES DURING THE PANDEMIC JUXTAPOSITION ARTS 2007 N EMERSON AVE MINNEAPOLIS MN 55411 411851915 501(C)(3) 5000 SUPPORT LOCAL COMMUNITY ORGANIZATIONS AND ASSIST THEM IN REBUILDING AFTER CIVIL UNREST MIGIZI COMMUNICATIONS 2610 E 32ND ST MINNEAPOLIS MN 55406 411379114 501(C)(3) 5000 SUPPORT LOCAL COMMUNITY ORGANIZATIONS AND ASSIST THEM IN REBUILDING AFTER CIVIL UNREST ST PAUL AREA CHAMBER OF COMMERCE FOUNDATION 401 ROBERT ST N SUITE 150 ST PAUL MN 55101 411378952 501(C)(3) 5000 SUPPORT LOCAL COMMUNITY ORGANIZATIONS AND ASSIST THEM IN REBUILDING AFTER CIVIL UNREST NORTHSIDE FUNDERS GROUP CO THE MINNEAPOLIS FOUNDATION 1015 N 4TH AVE 202 MINNEAPOLIS MN 55405 416029402 501(C)(3) 5000 SUPPORT LOCAL COMMUNITY ORGANIZATIONS AND ASSIST THEM IN REBUILDING AFTER CIVIL UNREST MN HEALING JUSTICE NETWORK 3848 17TH AVE S MINNEAPOLIS MN 55407 851514278 501(C)(3) 5000 SUPPORT LOCAL COMMUNITY ORGANIZATIONS AND ASSIST THEM IN REBUILDING AFTER CIVIL UNREST NATIONAL BOOK CRITICS CIRCLE (NBCC) 4600 KESWICK RD BALTIMORE MD 21210 043835193 501(C)(3) 250 SUPPORT NATIONAL LITERARY ORGANIZATION PART I, LINE 2: GRAYWOLF PRESS SUPPORTED FIVE LOCAL ORGANIZATIONS WITH DONATIONS IN THE WAKE OF THE KILLING OF GEORGE FLOYD IN MINNEAPOLIS AND SUBSEQUENT PROPERTY DESTRUCTION IN OUR HOMETOWN. X X X X 0 0 0 0 0 0 0 0 0 FIONA MCCRAE EXECUTIVE DIRECTOR 147750 0 0 0 0 0 8125 0 36391 0 192266 0 0 0 PART I, LINE 3 ACTIONS AFFECTING THE COMPENSATION OF THE EXECUTIVE DIRECTOR ARE APPROVED BY THE BOARD OF DIRECTORS BASED UPON THE RECOMMENDATION OF THE BOARD CHAIR AND THE CHAIR OF THE BOARD'S FINANCE AND OPERATIONS COMMITTEE. THESE RECOMMENDATIONS ARE BASED ON, AMONG OTHER THINGS, (1) THE RESPONSIBILITIES AND REQUIREMENTS OF THE EXECUTIVE DIRECTOR, AS DETERMINED BY THE BOARD OF DIRECTORS; (2) REFERENCE TO THE COMPENSATION OF INDIVIDUALS IN POSITIONS DEEMED COMPARABLE TO THAT OF THE EXECUTIVE DIRECTOR, AS FOUND (FOR EXAMPLE) IN THE MINNESOTA NONPROFIT SURVEY; AND (3) THE PERFORMANCE OF THE ORGANIZATION UNDER THE EXECUTIVE DIRECTOR'S LEADERSHIP, IN ACHIEVING THE GOALS ESTABLISHED IN ITS STRATEGIC PLAN ADOPTED BY THE BOARD. THE DELIBERATIONS AND DECISION OF THE BOARD ARE UNDERTAKEN IN A MINUTED EXECUTIVE SESSION. X 9 30877 FMV ON DATE OF SALE 0 1 0 PART I, COLUMN (B): THE ORGANIZATION REPORTS THE NUMBER OF CONTRIBUTIONS ON PART I, COLUMN B FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPRISED OF THE FOUR OFFICERS OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE MAY ACT DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, DURING WHICH AND SUBJECT TO THE BOARD'S CONTROL AND DIRECTION, THE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL OF THE AUTHORITY AND POWERS OF THE BOARD OF DIRECTORS SUBJECT TO SUCH LIMITATIONS AS THE BOARD MAY IMPOSE FROM TIME TO TIME. UNLESS SPECIFICALLY AUTHORIZED BY THE BOARD OF DIRECTORS BY RESOLUTION APPROVED BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE DIRECTORS, THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE AUTHORITY AND POWER TO ELECT OFFICERS, TO AMEND THE ARTICLES OF INCORPORATION, TO ADOPT A PLAN OF MERGER OR CONSOLIDATION, TO AUTHORIZE THE SALE, ENCUMBRANCE OR DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE CORPORATION, TO AUTHORIZE A VOLUNTARY DISSOLUTION OF THE CORPORATION OR A REVOCATION THEREOF, OR TO AMEND THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS REVIEWED IN DETAIL BY THE FINANCE AND OPERATIONS COMMITTEE. THE BOARD WILL BE PROVIDED AN ELECTRONIC OR PAPER COPY OF THE FINAL FORM 990, REFLECTING ANY CHANGES MADE AT THE DIRECTION OF THE COMMITTEE, ALONG WITH THE COMMITTEE'S RECOMMENDATION THAT THE BOARD AUTHORIZE ITS EXECUTION AND FILING ON BEHALF OF THE ORGANIZATION. BEFORE TAKING ACTION ON THE COMMITTEE'S RECOMMENDATION, THE BOARD WILL BE AFFORDED THE OPPORTUNITY TO RAISE QUESTIONS ABOUT THE CONTENT OF THE FORM 990 WITH MEMBERS OF THE COMMITTEE AND/OR THE FIRM'S EXTERNAL AUDITORS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS BOARD DIRECTORS, OFFICERS, AND EMPLOYEES (RESPONSIBLE PERSONS). EACH RESPONSIBLE PERSON SHALL ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. ANNUAL DISCLOSURE FORMS AND OTHER DISCLOSURES MADE UNDER THE POLICY ARE REVIEWED BY THE EXECUTIVE DIRECTOR AND BOARD CHAIR. WHERE A CONFLICT IS DETERMINED TO EXIST, RESPONSIBLE PERSONS ARE RECUSED FROM POTENTIALLY CONFLICTED DECISIONS IN ACCORDANCE WITH THE POLICY. A RESPONSIBLE PERSON HAVING A CONFLICT OF INTEREST WITH RESPECT TO A TRANSACTION SHALL DISCLOSE ALL MATERIAL FACTS, SHALL RECUSE HIM/HERSELF FROM PARTICIPATING IN ANY DISCUSSION OR VOTE, AND SHALL REFRAIN FROM ANY ACTION THAT MAY AFFECT THE ORGANIZATION'S PARTICIPATION IN THE TRANSACTION. THIS WILL BE REFLECTED IN THE MINUTES FOR THE MEETING. IF IT IS UNCLEAR WHETHER A CONFLICT EXISTS, THE EXECUTIVE DIRECTOR OR BOARD CHAIR WILL MAKE A DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15 ACTIONS AFFECTING THE COMPENSATION OF THE EXECUTIVE DIRECTOR ARE APPROVED BY THE BOARD OF DIRECTORS BASED UPON THE RECOMMENDATION OF THE BOARD CHAIR AND THE CHAIR OF THE BOARD'S FINANCE AND OPERATIONS COMMITTEE. THESE RECOMMENDATIONS ARE BASED ON, AMONG OTHER THINGS, (1) THE RESPONSIBILITIES AND REQUIREMENTS OF THE EXECUTIVE DIRECTOR, AS DETERMINED BY THE BOARD OF DIRECTORS; (2) REFERENCE TO THE COMPENSATION OF INDIVIDUALS IN POSITIONS DEEMED COMPARABLE TO THAT OF THE EXECUTIVE DIRECTOR, AS FOUND (FOR EXAMPLE) IN THE MINNESOTA NONPROFIT SURVEY; AND (3) THE PERFORMANCE OF THE ORGANIZATION UNDER THE EXECUTIVE DIRECTOR'S LEADERSHIP, IN ACHIEVING THE GOALS ESTABLISHED IN ITS STRATEGIC PLAN ADOPTED BY THE BOARD. THE DELIBERATIONS AND DECISION OF THE BOARD ARE UNDERTAKEN IN A MINUTED EXECUTIVE SESSION. THE PROCESS WAS UNDERTAKEN ON OCTOBER 24, 2019 TO APPROVE THE CURRENT COMPENSATION OF THE EXECUTIVE DIRECTOR, F. MCCRAE. AS PART OF THE ANNUAL BUDGET PROCESS, THE EXECUTIVE DIRECTOR WILL RECOMMEND THE COMPENSATION FOR EACH MEMBER OF THE STAFF WHICH WILL BE REVIEWED WITH THE CHAIR OF THE BOARD OF DIRECTORS AND THE CHAIR OF THE BOARD'S FINANCE AND OPERATIONS COMMITTEE. ON THE BASIS OF THIS REVIEW, THE BOARD CHAIR AND THE COMMITTEE CHAIR WILL RECOMMEND APPROVAL BY THE BOARD OF THE AGGREGATE AMOUNT BUDGETED FOR STAFF COMPENSATION FOR THE RELEVANT PERIOD. OUTSIDE THE ANNUAL BUDGETING PROCESS, THE EXECUTIVE DIRECTOR MAY APPROVE COMPENSATION INCREASES AND OFFERS OF EMPLOYMENT SPECIFYING COMPENSATION, FOR INDIVIDUAL STAFF MEMBERS UPON PRIOR CONSULTATION WITH THE BOARD CHAIR AND/OR THE COMMITTEE CHAIR. FOR SALARY DETERMINATION, GUIDELINES ARE DEVELOPED BASED ON A SPECIALIST'S SURVEY OF COMPENSATION PAID BY OTHER NOT-FOR-PROFIT ORGANIZATIONS FOR COMPARABLE POSITIONS TO ASSIST IN ASSESSING THE APPROPRIATENESS OF COMPENSATION FOR ALL STAFF POSITIONS CONTEMPLATED BY THE BUDGET. THESE GUIDELINES ARE APPLIED IN ALL DETERMINATIONS ABOUT COMPENSATION. THE MOST RECENT COMPENSATION REVIEW WAS PERFORMED FOR FIONA MCCRAE ON NOVEMBER 16, 2020. 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.