2026-05-01T14:45:14-05:00 2025-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2025-01-01 911257237 GRAYWOLF PRESS GRAY 6516410077 212 THIRD AVENUE N 485 MINNEAPOLIS MN 55401 CARMEN SMITH DIRECTOR/PUBLISHER 6516410077 2026-04-22 1 LIZ COOK P01878112 6123764500 2026-04-22 2025 2025-03-06 01:10:19Z CARMEN SMITH 212 THIRD AVENUE N 485 MINNEAPOLIS MN 55401 5180450 0 X WWW.GRAYWOLFPRESS.ORG X 1974 MN PUBLISHER OF RISK-TAKING, VISIONARY WRITERS WHO TRANSFORM CULTURE THROUGH LITERATURE. 21 21 20 21 0 0 1078673 1230553 224205 178124 39309 29618 2599969 1893861 3942156 3332156 2000 1500 0 0 1769790 1871778 0 0 404405 2734090 2254126 4505880 4127404 -563724 -795248 5088049 4076497 1132896 809501 3955153 3266996 X GRAYWOLF PRESS PUBLISHES RISK-TAKING, VISIONARY WRITERS WHO TRANSFORM CULTURE THROUGH LITERATURE. WHEN WRITERS ARE FREE TO DO THEIR MOST AMBITIOUS WORK, THEIR BOOKS SERVE AS PORTALS TO NEW POSSIBILITIES AND ENABLE DEEPER UNDERSTANDING BETWEEN PEOPLE. READERS ARE CHANGED BY GRAYWOLF'S BOOKS, WHICH ARE FEARLESSLY ACQUIRED, ATTENTIVELY EDITED, AND ENERGETICALLY PROMOTED. 0 0 806224 750 178124 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 25 NEW MANUSCRIPTS IN 2025. WE ARE GRATIFIED BY AWARDS THAT DEMONSTRATE THE EXCELLENCE OF OUR PUBLISHING PROGRAM. IN 2025, DANEZ SMITH'S BLUFF WAS RECOGNIZED AS A FINALIST FOR THE PULITZER PRIZE IN POETRY, THE ANISFIELD-WOLF BOOK AWARD, AND THE HEARTLAND BOOKSELLERS AWARD, AND WAS ON THE LONGLIST FOR THE BROOKLYN PUBLIC LIBRARY BOOK PRIZE. BLUFF WON THE MINNESOTA BOOK AWARD FOR POETRY, AND GRAYWOLF'S FIFTIETH ANNIVERSARY ANTHOLOGY, RAISED BY WOLVES, WAS A FINALIST IN THE ANTHOLOGY CATEGORY. DOBBY GIBSON WON THE FOUR QUARTETS PRIZE FROM THE POETRY SOCIETY OF AMERICA FOR A POEM SEQUENCE FROM HOLD EVERYTHING. ADDITIONALLY, SHUBHA SUNDER'S OPTIONAL PRACTICAL TRAINING WON THE NEW AMERICAN VOICES AWARD AT FALL FOR THE BOOK AND WAS A FINALIST FOR THE CENTER FOR FICTION FIRST NOVEL PRIZE 1316887 1904716 PRODUCTION. IN 2025, GRAYWOLF PUBLISHED 29 TITLES FEATURING THE WORK OF 35 AUTHORS AND TRANSLATORS. WE REACHED ABOUT 890,000 READERS WITH JUST OVER 700 TITLES IN PRINT. GRAYWOLF WORKS TO KEEP OUR BOOKS IN PRINT AS LONG AS POSSIBLE, OUR BOOKS ARE RELEASED SIMULTANEOUSLY IN PRINT AND EBOOK EDITIONS, AND OUR BOOKS ARE AVAILABLE IN BOOKSTORES ACROSS THE COUNTRY AS WELL AS ONLINE. 967515 750 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 260 VIRTUAL AND IN-PERSON EVENTS IN 2025. IN 2025, OUR BOOKS RECEIVED HUNDREDS OF MEDIA HITS, INCLUDING SEVEN REVIEWS IN THE NEW YORK TIMES BOOK REVIEW, FOUR REVIEWS IN THE NEW YORKER, SIX REVIEWS IN THE WASHINGTON POST, TWO INTERVIEWS ON NPR AND NPR.ORG, AND SEVEN REVIEWS IN VULTURE, ALONG WITH 40 "BEST OF THE YEAR" MENTIONS ACROSS MULTIPLE VENUES FOR OUR 2025 TITLES. GRAYWOLF'S IMPACT EXTENDS BEYOND JUST THE NUMBER OF BOOKS SOLD, AS OUR BOOKS LEAD AND DEFINE NEW TRENDS, DEMONSTRATED BY AN EXTRAORDINARY RECORD OF AWARD ACHIEVEMENTS AND INCLUSION IN INDUSTRY LISTS CELEBRATING BEST BOOKS OF THE YEAR, THE DECADE, AND EVEN THE CURRENT CENTURY. 3090626 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 162 0 20 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 MN NY CA X X CARMEN SMITH 6517888461 212 THIRD AVE NORTH UNIT 485 MINNEAPOLIS MN 55401 AIMEE LAGOS CHAIR 2.00 X X 0 0 0 RAMONA ADVANI DIRECTOR 2.00 X 0 0 0 SHEILA BERUBE DIRECTOR 2.00 X 0 0 0 CHRIS KIRWAN DIRECTOR 2.00 X 0 0 0 STEFANIE ADAMS DIRECTOR 2.00 X 0 0 0 LENESA LEANA DIRECTOR 2.00 X 0 0 0 MIKE MEYER DIRECTOR 2.00 X 0 0 0 ALEXIS RACCIATTI DIRECTOR 2.00 X 0 0 0 KATHLEEN SMITH DIRECTOR 2.00 X 0 0 0 PATRICK CLIFFORD DIRECTOR 2.00 X 0 0 0 BRETT GOLDBLATT DIRECTOR 2.00 X 0 0 0 THEA GOODMAN DIRECTOR 2.00 X 0 0 0 EDWARD MCCONAGHAY DIRECTOR 2.00 X 0 0 0 WILLIE REYELTS DIRECTOR 2.00 X 0 0 0 ELENA SPARLING DIRECTOR 2.00 X 0 0 0 JEFF BROCKMANN BOARD MEMBER 2.00 X 0 0 0 BETSY DOYLE DIRECTOR 2.00 X 0 0 0 CARMEN SMITH DIRECTOR/PUBLISHER 40.00 X X 180506 0 25699 ART BERMAN TREASURER 2.00 X 0 0 0 RUTH ELLEN KOCHER DIRECTOR 2.00 X 0 0 0 LAURIE HAHN GANSER DIRECTOR 2.00 X 0 0 0 ELIZABETH BAILEY DIRECTOR 2.00 X 0 0 0 AMANDA ZWEERINK DIRECTOR 2.00 X 0 0 0 KATIE DUBLINSKI ASSOCIATE PUBLISHER 40.00 X 111888 0 25082 292394 0 50781 2 0 1 0 BOOKMOBILE 210 EDGE PLACE NE MINNEAPOLIS MN 55418 PRODUCTION OF BOOKS 769158 ELAN FINANCIAL SERVICES 200 SOUTH 6TH STREET MINNEAPOLIS MN 55402 CREDIT CARD SERVICES 173831 ASANA PARTNERS FUND 1616 CAMDEN RD STE 210 CHARLOTTE NC 28203 OFFICE OCCUPANCY 150118 MELANIE JACKSON AGENCY LLC 41 WEST 72ND STREET SUITE 3F NEW YORK NY 10023 LITERARY AGENT 144213 4 102231 164696 963626 23814 1230553 RIGHTS REVENUE 513130 178124 178124 178124 30082 30082 953350 953814 -464 -464 -464 11300 102231 22155 -10855 -10855 2777041 872325 1904716 1904716 3332156 2082840 0 18763 1500 1500 343175 171588 51476 120111 1181714 791336 273074 117304 53139 41145 8784 3210 181569 115035 44979 21555 112181 71347 24119 16715 788 788 72447 72447 158596 99678 46462 12456 32209 26458 5751 118740 68505 25310 24925 84801 62475 8320 14006 689019 689019 111229 70745 23904 16580 59600 40011 124 19465 57036 41778 1025 14233 44087 28027 9500 6560 42061 42061 DISTRIBUTION FEES 627868 627868 AUTHOR TOURS 68244 68244 GALLEYS 45156 40510 4646 COMPLIMENTARY COPIES 24185 19513 4672 18060 15844 2216 4127404 3090626 632373 404405 281431 463662 167309 398107 266344 89959 857380 509548 698847 548466 50922 42495 746394 505541 284940 240853 1619024 1016739 861852 766668 5088049 4076497 155067 118303 191971 68408 785858 622790 1132896 809501 X 3541566 3037387 413587 229609 3955153 3266996 5088049 4076497 -795248 107091 0 X X 0 1 X 1 0 X 1316718 895625 1198128 1078673 1230553 5719697 1316718 895625 1198128 1078673 1230553 5719697 925809 4793888 62447 40247 74610 40581 30082 247967 5967664 17064952 0.80330 0.80780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 1500 0 0 0 1500 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. 112474 4450 116709 108572 3902 112474 105491 3081 108572 104765 726 105491 104143 622 104765 0.86000 0.14000 0 0 226340 174629 51711 520054 330912 189142 240853 ROYALTY ADVANCES 586917 ROU ASSETS 179751 766668 ROYALTY PAYABLE 188364 LEASE LIABILITIES 434426 622790 X 4311572 107091 872325 979416 3332156 0 3332156 4999729 872325 872325 4127404 0 4127404 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 872,325. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 872,325. MINNEAPOLIS GALA 113531 102231 11300 8678 5419 8058 NEW YORK GALA 1 113531 102231 11300 8678 5419 8058 22155 -10855 X X 0 0 0 0 0 0 0 0 0 CARMEN SMITH DIRECTOR/PUBLISHER 180506 0 0 0 0 0 8772 0 16927 0 206205 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPOSED 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 A, LINE 8B THE ORGANIZATION CONTEMPORANEOUSLY DOCUMENT THE MEETINGS HELD OR WRITTEN ACTIONS UNDERTAKEN DURING THE YEAR BY THE FINANCE COMMITTEE AND BOARD MEETINGS. THE OTHER COMMITTEES (DEVELOPMENT, ENGAGEMENT, AND GOVERNANCE) DO NOT HAVE AUTHORITY TO ACT ON BEHALF OF THE BOARD. 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 AN EXECUTIVE SESSION. THE PROCESS WAS UNDERTAKEN IN NOVEMBER 2025 TO APPROVE THE CURRENT COMPENSATION OF THE EXECUTIVE DIRECTOR, C.SMITH. 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 LONGTERM 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 CARMEN SMITH IN NOVEMBER 2025, TAKING INTO ACCOUNT EXECUTIVE AND ORGANIZATIONAL PERFORMANCE, AS WELL AS THE COMPARISON PROCESS DESCRIBED HERE THAT WAS LAST COMPLETED IN NOVEMBER 2024, WHICH ESTABLISHED THAT GRAYWOLF'S EXECUTIVE COMPENSATION WAS AT THE LOWER END OF THE INDUSTRY AVERAGE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. 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. PART XII, LINE 2C EXPLANATION THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.