2016-04-18T00:00:00-05:00 2015-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2015-01-01 911257237 GRAYWOLF PRESS GRAY 6516410077 250 THIRD AVENUE N NO 600 MINNEAPOLIS MN 55401 FIONA MCCRAE DIRECTOR/PUBLISHER 6516410077 2016-04-04 1 RACHEL FLANDERS P01591790 6123764500 2015 2016-09-27 15:27:22Z FIONA MCCRAE 250 THIRD AVENUE N NO 600 MINNEAPOLIS MN 55401 3792314 0 X WWW.GRAYWOLFPRESS.ORG X 1974 MN GRAYWOLF PRESS IS DEDICATED TO THE CREATION OF THOUGHTFUL AND IMAGINATIVE CONTEMPORARY LITERATURE. 22 22 19 41 0 0 1136158 897540 63898 87083 247 248 1036710 2030521 2237013 3015392 0 0 0 0 772981 854844 5000 0 202954 1454391 1927041 2232372 2781885 4641 233507 2533970 2890247 627897 750667 1906073 2139580 X GRAYWOLF PRESS IS A LEADING INDEPENDENT PUBLISHER COMMITTED TO THE DISCOVERY AND ENERGETIC PUBLICATION OF CONTEMPORARY AMERICAN AND INTERNATIONAL LITERATURE. GRAYWOLF PRESS CHAMPIONS OUTSTANDING WRITERS AT ALL STAGES OF THEIR CAREERS TO ENSURE THAT DIVERSE VOICES CAN BE HEARD IN A CROWDED MARKETPLACE. 0 0 527905 0 87083 EDITORIAL SERVICES: GRAYWOLF EDITORS CONTINUE TO SEEK SINGULAR AND CHALLENGING CONTEMPORARY LITERATURE OFTEN NEGLECTED BY COMMERCIAL PRESSES. OUR AUTHORS AND EDITORIAL STAFF ARE INCREASINGLY RECOGNIZED FOR THEIR ARTISTIC EXCELLENCE AND VISION. IN 2015, CITIZEN BY CLAUDIA RANKINE WON THE NATIONAL BOOK CRITICS CIRCLE AWARD IN POETRY, THE PEN OPEN BOOK AWARD, THE LOS ANGELES TIMES BOOK PRIZE IN POETRY, THE FORWARD PRIZE (UK), AND THE HURSTON/WRIGHT LEGACY AWARD. ON IMMUNITY BY EULA BISS AND GEEK SUBLIME BY VIKRAM CHANDRA WERE FINALISTS FOR THE NATIONAL BOOK CRITICS CIRCLE AWARD IN CRITICISM IN 2015; THE ARGONAUTS BY MAGGIE NELSON IS A FINALIST FOR THE SAME AWARD IN 2016. 1275876 0 2030521 PRODUCTION: IN 2015, GRAYWOLF PUBLISHED 30 TITLES AND HAD OUR BEST SALES YEAR EVER. WE REACHED AN AUDIENCE OF ABOUT 475,000 WITH OUR 390 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 ENSURE THAT THOSE WITHOUT ECONOMIC RESOURCES CAN READ OUR BOOKS. IN 2015, GRAYWOLF EBOOKS AVAILABLE TO LIBRARY PATRONS WERE CHECKED OUT NEARLY 25,000 TIMES. THE GRAYWOLF PRESS ARCHIVES ARE HELD AT THE UNIVERSITY OF MINNESOTA, WHERE THEY ARE ACCESSIBLE TO THE PUBLIC AND WERE FEATURED IN A MAJOR EXHIBIT. GRAYWOLF WAS ALSO AWARDED THE SMALL PRESS PUBLISHER AWARD FROM THE ASSOCIATION OF WRITERS & WRITING PROGRAMS IN 2015. 545769 0 0 PROMOTION AND MARKETING SERVICES: GRAYWOLF PLAYS A CRUCIAL ROLE IN ADVANCING OUR WRITERS' PROFESSIONAL CAREERS BY PROVIDING DYNAMIC PUBLICITY AND MARKETING. GRAYWOLF BOOKS WERE WIDELY REVIEWED IN MAJOR MEDIA OUTLETS IN 2015; TWENTY-SEVEN GRAYWOLF TITLES ACROSS THE GENRES OF POETRY, FICTION, AND NONFICTION WERE NAMED TO SIXTY-FOUR DIFFERENT "BEST OF 2015" LISTS. THE NEW YORK TIMES INCLUDED CITIZEN BY CLAUDIA RANKINE AND THE ARGONAUTS BY MAGGIE NELSON IN ITS LIST OF 100 NOTABLE BOOKS OF 2015. A SEPTEMBER 2015 PROFILE OF GRAYWOLF IN NEW YORK MAGAZINE'S ONLINE CULTURE SECTION VULTURE STATED, "NO OTHER INDEPENDENT PRESS, NEVER MIND A 41-YEAR-OLD NONPROFIT, HAS COME SO FAR SO FAST." 2349550 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 130 0 19 1 0 0 0 0 0 1 1 0 0 0 0 X 22 22 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 X LESLIE JOHNSON 6516410077 250 THIRD AVENUE N SUITE 600 MINNEAPOLIS MN 55401 ED MCCONAGHAY CHAIR 2.00 X X 0 0 0 MARY POLTA VICE CHAIR 2.00 X X 0 0 0 CHRIS GALLOWAY TREASURER 2.00 X X 0 0 0 CHRIS KIRWAN SECRETARY 2.00 X X 0 0 0 CATHERINE ALLAN DIRECTOR 2.00 X 0 0 0 TRISH ANDERSON DIRECTOR 2.00 X 0 0 0 CAROL BEMIS DIRECTOR 2.00 X 0 0 0 MARY EBERT DIRECTOR 2.00 X 0 0 0 LEE FREEMAN DIRECTOR 2.00 X 0 0 0 JAMES HOECKER DIRECTOR 2.00 X 0 0 0 SHIRLEY HUGHES DIRECTOR (LEFT DURING FY15) 2.00 X 0 0 0 MARK JENSEN DIRECTOR 2.00 X 0 0 0 TOM JOYCE DIRECTOR 2.00 X 0 0 0 WILL KAUL DIRECTOR 2.00 X 0 0 0 ANN MACDONALD DIRECTOR 2.00 X 0 0 0 JIM MCCARTHY DIRECTOR 2.00 X 0 0 0 ALLIE POHLAD DIRECTOR 2.00 X 0 0 0 BRUNO QUINSON DIRECTOR 2.00 X 0 0 0 GAIL SEE DIRECTOR 2.00 X 0 0 0 RODERIC SOUTHALL DIRECTOR 2.00 X 0 0 0 JUDY TITCOMB DIRECTOR 2.00 X 0 0 0 EMILY ANNE TUTTLE DIRECTOR 2.00 X 0 0 0 MELINDA WARD DIRECTOR 2.00 X 0 0 0 FIONA MCCRAE EXECUTIVE DIRECTOR 40.00 X 111466 0 22799 111466 0 22799 1 0 0 0 BOOKMOBILE 5120 CEDAR LAKE ROAD MINNEAPOLIS MN 55416 PRODUCTION OF BOOKS 734354 1 199130 698410 41534 897540 RIGHTS REVENUE 511130 87083 87083 87083 248 248 2807443 776922 2030521 2030521 3015392 2117604 0 248 140916 91595 14092 35229 576106 406768 106619 62719 23917 17057 4507 2353 62066 43474 11134 7458 51839 36080 8802 6957 14435 10047 2451 1937 87800 62129 1978 23693 76795 21100 55695 127931 105711 9735 12485 13318 12770 306 242 615256 615256 49945 34762 8481 6702 36188 33015 3173 16540 10836 1033 4671 43587 42144 806 637 22040 15340 3742 2958 DISTRIBUTION FEES 639520 639520 PROMOTION EXPENSES 133231 110133 23098 COMPLIMENTARY COPIES 22061 22061 28394 19752 8642 2781885 2349550 229381 202954 804829 1286540 101064 101312 208800 284025 584282 494132 438438 377046 34401 36978 304076 289804 53141 14272 309015 295942 2533970 2890247 45604 58918 389242 380348 193051 311401 627897 750667 X 1012904 1764999 793169 274581 100000 100000 1906073 2139580 2533970 2890247 233507 0 X 0 1 X 1 0 X 1690830 1038438 1063149 1136158 897540 5826115 1690830 1038438 1063149 1136158 897540 5826115 1326672 4499443 1787 1218 443 247 248 3943 5830058 8931199 0.77180 0.76730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 1 1195 0 0 0 1195 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. 101064 248 101312 100817 247 101064 100566 251 100817 101672 1218 2324 100566 103731 767 2826 101672 0.00000 0.98700 0.01300 0 0 85995 85995 0 78548 68199 10349 139533 135610 3923 14272 ROYALTY ADVANCES 295942 295942 ROYALTY PAYABLE 311401 311401 X 3792314 776922 776922 3015392 0 3015392 3558807 776922 776922 2781885 0 2781885 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 776,922. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 776,922. X 6 41534 FMV ON DATE OF SALE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION REPORTS THE NUMBER OF CONTRIBUTORS 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 11 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. BEFORE BOARD OR COMMITTEE ACTION ON A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A DIRECTOR OR COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. SUCH DISCLOSURE IS DOCUMENTED IN THE MINUTES OF THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD'S OR COMMITTEE'S DISCUSSION AND DETERMINATION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. SUCH PERSON SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACTOR OR TRANSACTION THAT WILL BE VOTED ON AT A MEETING SHALL NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM FOR PURPOSES OF THE VOTE. THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION AND SHALL NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN, UNLESS THE VOTE IS BY SECRET BALLOT. SUCH PERSON'S INELIGIBILITY TO VOTE IS DOCUMENTED IN THE MINUTES OF THE MEETING. RESPONSIBLE PERSONS WHO ARE NOT MEMBERS OF THE BOARD OF DIRECTORS OF THE ORGANIZATION, OR WHO HAVE A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT IS NOT THE SUBJECT OF BOARD OR COMMITTEE ACTION, SHALL DISCLOSE TO THE CHIEF EXECUTIVE OR TO THE BOARD CHAIR OR THE CHAIR'S DESIGNEE, ANY CONFLICT OF INTEREST THAT SUCH RESPONSIBLE PERSON HAS WITH RESPECT TO A CONTRACT OR TRANSACTION. SUCH DISCLOSURE SHALL BE MADE AS SOON AS THE CONFLICT OF INTEREST IS KNOWN TO THE RESPONSIBLE PERSON. THE RESPONSIBLE PERSON SHALL REFRAIN FROM ANY ACTION THAT MAY AFFECT THE ORGANIZATION'S PARTICIPATION IN SUCH CONTRACT OR TRANSACTION. IN THE EVENT IT IS NOT ENTIRELY CLEAR THAT A CONFLICT OF INTEREST EXISTS, THE INDIVIDUAL WITH THE POTENTIAL CONFLICT SHALL DISCLOSE THE CIRCUMSTANCES TO THE CHIEF EXECUTIVE OR BOARD CHAIR OR THE CHAIR'S DESIGNEE, WHO SHALL DETERMINE WHETHER THERE EXISTS A CONFLICT OF INTEREST THAT IS SUBJECT TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. 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 IN 2015 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. IN 2013, GUIDELINES WERE 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 2016 BUDGET. THESE GUIDELINES ARE APPLIED IN ALL DETERMINATIONS ABOUT COMPENSATION. 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.