Totals
- Total revenue
- $1,536,337
- Total expenses
- $1,371,454
- Contributions and grants received
- $994,483
- Grants paid
- $2,788
- Program service revenue
- $44,410
- Investment income
- $0
- Other revenue
- $497,444
- Total assets, end of year
- $1,003,966
- Total liabilities, end of year
- $509,366
- Net assets or fund balances, end of year
- $494,600
- Program services expenses (Part IX)
- $1,188,554
- Management and general expenses
- $143,459
- Fundraising expenses
- $39,441
- Program service expenses (Part III)
- $1,188,554
Program services were 86.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$67,763
-
1f · All other contributions, gifts and grants
$926,720
-
1g · Noncash contributions included above
$2,788
-
2a · Program service revenue: Publishing fees
total $44,410 · related or exempt $44,410
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $2,135 · unrelated business $17 · excluded $2,118
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$1,154,693
-
10b · Cost of goods sold
$659,384
-
10c · Net income from sales of inventory
total $495,309 · related or exempt $495,309
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,788 · program services $2,788
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $80,015 · program services $32,006 · management and general $16,003 · fundraising $32,006
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $331,935 · program services $302,993 · management and general $28,626 · fundraising $316
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $16,912 · program services $15,539 · management and general $1,373
-
10 · Payroll taxes
total $31,132 · program services $25,419 · management and general $3,407 · fundraising $2,306
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $15,658 · management and general $15,658
-
11c · Fees: accounting
total $49,045 · management and general $49,045
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $51,423 · program services $50,519 · management and general $904
-
12 · Advertising and promotion
total $14,755 · program services $14,755
-
13 · Office expenses
total $25,291 · program services $13,243 · management and general $12,048
-
14 · Information technology
total $0
-
15 · Royalties
total $188,693 · program services $188,693
-
16 · Occupancy
total $41,804 · program services $34,308 · management and general $4,426 · fundraising $3,070
-
17 · Travel
total $18,574 · program services $18,161 · management and general $413
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,741 · program services $1,669 · management and general $72
-
20 · Interest
total $6,603 · program services $3,063 · management and general $3,258 · fundraising $282
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $2,560 · program services $2,092 · management and general $275 · fundraising $193
-
23 · Insurance
total $12,270 · program services $9,854 · management and general $1,514 · fundraising $902
-
24a · Other expenses: Distribution fees
total $249,739 · program services $249,739
-
24b · Other expenses: Publication expenses
total $205,823 · program services $205,823
-
24c · Other expenses: Dues and subscriptions
total $18,793 · program services $12,537 · management and general $6,244 · fundraising $12
-
24d · Other expenses: Business expenses
total $5,900 · program services $5,353 · management and general $193 · fundraising $354
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $29,912 · end of year $18,451
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $11,000 · end of year $229,217
-
4 · Accounts receivable
beginning of year $53,713 · end of year $8,339
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $329,387 · end of year $227,370
-
9 · Prepaid expenses and deferred charges
end of year $3,205
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $512,252 · end of year $517,384
-
17 · Accounts payable and accrued expenses
beginning of year $161,873 · end of year $163,270
-
23 · Secured mortgages and notes payable
beginning of year $194,314 · end of year $346,096
-
24 · Unsecured notes and loans payable
beginning of year $250,000
-
27 · Net assets without donor restrictions
beginning of year $67,577 · end of year $37,557
-
28 · Net assets with donor restrictions
beginning of year $262,500 · end of year $457,043
Mission and programs · 2023
Mission
To bring the world into conversation through literature and enhance the open exchange of stories and ideas across cultures.
Activities or mission (Part I)
Published work by writers from all over the world and held interactive, reader-centric discussions that promote literacy and a lifelong love of reading and writing among all populations.
-
In 2023, Deep Vellum turned 10, and this year we fulfilled our mission to bring the world into conversation in more ways than ever before. For 10 years we have bridged the literary gap between international writers, English language readers, and our local literary community here in Dallas, Texas. In 2023, as our authors were awarded international prizes of the highest order, as our community members gathered to reflect on the history of our city and to use literature to envision a better future, we continued to give a platform to international and local writers and readers alike. We celebrated by publishing 57 new translated books, originally written in 12 languages by authors from 14 countries. Our Norwegian author Jon Fosse, who has published 7 books through our Dalkey Archive Press imprint, was awarded the 2023 Nobel Prize for Literature! We hosted and organized over 100 literary events at home in Dallas and beyond. We held our first-ever poetry festival at Dallas's Klyde Warren Park, where children and adults rubbed elbows with the best poets in North Texas to celebrate National Poetry Month. 6 Deep Vellum writers appeared at the Texas Book Festival in Austin. Ukrainian author Andrey Kurkov was invited to the Vancouver Festival of Writers and Toronto International Festival of Authors, presented by Margaret Atwood and in conversation with Masha Gessen, and Kurkov also came to discuss his work in Houston presented by Inprint, and to Austin, presented by the Austin Public Library. We published 2 works of Black history in Dallas Ernest McMillan's memoir of the Civil Rights Movement in Dallas, Standing, and Alan Govenars history, Deep Ellum and Central Track, to continue the conversation from our city-wide book club by the name of Big D Reads last year. Romanian writer Mircea Cartarescus novel Solenoid won the Los Angeles Times Book Prize in April, and that month he visited Dallas for 2 events, including our 10th anniversary celebration at The Wild Detectives bookstore, while on tour across the country to sold-out audiences in 5 cities hailed as the breakthrough for Romanian literature in the United States. Uzma Aslam Khan, originally of Pakistan, now a professor at Amherst, was awarded the Massachusetts Book of the Year Award for Fiction for her novel The Miraculous True History of Nomi Ali. In October, award-winning author Dave Eggers presented his new novel The Eyes and the Impossible at our bookstore. Our teen book club led by high school students from public, private, and charter schools across Dallas met monthly in the store to discuss literary work, as did our monthly book club discussing Deep Vellums backlist books. In 2023, Paper City Magazine hailed Deep Vellum as one of Dallas's best bookstores, and D Magazine hailed Deep Vellum as The Best Bookstore for Local Authors in Dallas. An article in D CEO magazine in March 2023 profiled Deep Vellum founder and CEO, How Will Evans Became an Accidental (and Wildly Successful) Entrepreneur, and a Texas Monthly article in October 2023 examined Deep Vellums role in turning Dallas into the national capital for international books. In 2023, Deep Vellum donated 25 copies of Andrey Kurkov's Diary of an Invasion to employees of Friesens, the printing company (based in Altona, Canada) that printed the book. Friesens, which employees many Ukrainian refugees, decided to start a book club to give their employees a space to process and understand the ongoing war in Ukraine. We donated 20 books by Carmen Boullosa (Mexico) and Julia Cimafijieva (Belarus) to Words Without Borders as part of their 20th anniversary celebrations, and we donated 125 copies of our books to Art Resources Transfer to provide free books of literature, poetry, and nonfiction to public schools, libraries, and prisons throughout New York State.
Expenses $1,188,554 · Grants $2,788 · Revenue $539,719
As filed on the 2023 return.
Listed in Part VII
-
Will Evans
Executive Dir.
- Total calculated
- $80,015
- From this org
- $72,954
- From related orgs
- $0
- Other
- $7,061
- Hours/week
- 40
-
Linda Mowl
President
- Total calculated
- $0
- Hours/week
- 7
-
Brian Bell
Vice-President
- Total calculated
- $0
- Hours/week
- 5
-
Ron Restrepo
Secretary
- Total calculated
- $0
- Hours/week
- 5
-
Heather Flabiano
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Marlo Melucci
Director
- Total calculated
- $0
- Hours/week
- 2
-
Alex Sharma
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jhubin Moghaddamfar
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jerry Hawkins
Director
- Total calculated
- $0
- Hours/week
- 2
-
Steven Kornajcik
Director
- Total calculated
- $0
- Hours/week
- 2
-
Bemnet Meshesha
Director
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413209349302801
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