Form 990 for tax year 2022

Filed by ARCHIPELAGO BOOKS INC.

Totals

Total revenue: $872,596
Total expenses: $737,254
Contributions and grants received: $661,768
Grants paid: $0
Program service revenue: $63,379
Investment income: $0
Other revenue: $147,449
Total assets, end of year: $1,204,113
Total liabilities, end of year: $138,469
Net assets or fund balances, end of year: $1,065,644
Program services expenses (Part IX): $565,761
Management and general expenses: $96,862
Fundraising expenses: $74,631
Program service expenses (Part III): $565,761

Program services were 76.7% 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.

1c · Fundraising events

$31,574
1e · Government grants (contributions)

$126,895
1f · All other contributions, gifts and grants

$503,299
2a · Program service revenue: MEMBERSHIP INCOME

total $63,379 · related or exempt $63,379
5 · Royalties

total $63,858 · excluded $63,858
8a · Fundraising events: gross income

$6,254
8a · Fundraising events: contributions included on line 1c

$31,574
8b · Fundraising events: direct expenses

$6,254
8c · Net income from fundraising events

total $0
10a · Gross sales of inventory

$367,605
10b · Cost of goods sold

$284,333
10c · Net income from sales of inventory

total $83,272 · related or exempt $83,272
11a · Other revenue: MISCELLANEOUS

total $319 · excluded $319
11e · Other revenue, total

$319

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $65,334 · program services $39,200 · management and general $13,067 · fundraising $13,067
7 · Other salaries and wages

total $184,638 · program services $114,704 · management and general $34,967 · fundraising $34,967
9 · Other employee benefits

total $37,463 · program services $23,065 · management and general $7,199 · fundraising $7,199
10 · Payroll taxes

total $15,498 · program services $9,542 · management and general $2,978 · fundraising $2,978
11c · Fees: accounting

total $21,314 · management and general $21,314
11g · Fees: other

total $34,377 · program services $34,377
12 · Advertising and promotion

total $33,653 · program services $33,653
13 · Office expenses

total $87,785 · program services $84,521 · management and general $1,632 · fundraising $1,632
15 · Royalties

total $30,267 · program services $30,267
16 · Occupancy

total $27,201 · program services $16,865 · management and general $5,168 · fundraising $5,168
17 · Travel

total $7,152 · program services $7,152
19 · Conferences, conventions and meetings

total $7,743 · program services $513 · fundraising $7,230
22 · Depreciation, depletion and amortization

total $985 · program services $611 · management and general $187 · fundraising $187
23 · Insurance

total $1,748 · program services $1,748
24a · Other expenses: WAREHOUSE/DISTRIBUTION

total $161,313 · program services $161,313 · management and general $0 · fundraising $0
24b · Other expenses: MISCELLANEOUS

total $20,783 · program services $8,230 · management and general $10,350 · fundraising $2,203

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $19,628 · end of year $60,133
2 · Savings and temporary cash investments

beginning of year $5,000 · end of year $501
3 · Pledges and grants receivable

beginning of year $12,048 · end of year $6,331
4 · Accounts receivable

beginning of year $66,272 · end of year $94,174
8 · Inventories for sale or use

beginning of year $676,879 · end of year $706,544
9 · Prepaid expenses and deferred charges

beginning of year $237,700 · end of year $283,042
10a · Land, buildings and equipment: cost or other basis

$17,422
10b · Land, buildings and equipment: accumulated depreciation

$16,178
10c · Land, buildings and equipment, net

beginning of year $2,229 · end of year $1,244
15 · Other assets

beginning of year $3,920 · end of year $52,144
17 · Accounts payable and accrued expenses

beginning of year $70,773 · end of year $59,623
19 · Deferred revenue

beginning of year $21,764 · end of year $29,045
25 · Other liabilities

beginning of year $837 · end of year $49,801
27 · Net assets without donor restrictions

beginning of year $875,973 · end of year $1,040,499
28 · Net assets with donor restrictions

beginning of year $54,329 · end of year $25,145

Mission and programs · 2022

Mission

ARCHIPELAGO BOOKS IS A NOT-FOR-PROFIT PRESS DEVOTED TO PUBLISHING OUTSTANDING TRANSLATIONS OF VITAL WORKS OF CLASSIC AND CONTEMPORARY WORLD LITERATURE. IN OUR NINETEEN YEARS, WE HAVE BROUGHT OUT MORE THAN ONE HUNDRED AND SEVENTY BOOKS FROM MORE THAN THIRTY-FIVE LANGUAGES.ARTISTIC EXCHANGE BETWEEN CULTURES IS A CRUCIAL ASPECT OF GLOBAL UNDERSTANDING. IT HAS NEVER BEEN MORE IMPORTANT FOR VOICES FROM AROUND THE WORLD TO BE HEARD IN THIS COUNTRY-OUR PLACE IN THE WORLD DEPENDS UPON IT. SADLY, LESS THAN THREE PERCENT OF NEW LITERATURE PUBLISHED IN THE UNITED STATES ORIGINATES OUTSIDE THE ANGLOSPHERE. BY PUBLISHING DIVERSE AND INNOVATIVE LITERARY TRANSLATIONS WE ARE DOING WHAT WE CAN TO CHANGE THIS LAMENTABLE CIRCUMSTANCE AND TO BROADEN THE AMERICAN LITERARY LANDSCAPE.

Activities or mission (Part I)

THE CRITICAL RECEPTION AND READER RESPONSE TO OUR BOOKS CONTINUED TO BE POSITIVE, WITH REVIEWS IN THE NEW YORK TIMES, THE WALL STREET JOURNAL, HARPER'S MAGAZINE, THE LOS ANGELES REVIEW OF BOOKS, WORLD LITERATURE TODAY, THE TLS, KIRKUS REVIEWS, LIBRARY JOURNAL, AMONG MANY OTHER PUBLICATIONS. OVER THE COURSE OF 2022 WE PUBLISHED 13 NEW TITLES: DISTANT TRANSIT BY MAJA HADERLAP, TRANSLATED FROM GERMAN BY TESS LEWIS; BLAZE AND THE CASTLE CAKE FOR BERTHA DAY BY CLAUDE PONTI, TRANSLATED FROM FRENCH BY ALYSON WATERS & MARGOT KERLIDOU (ELSEWHERE); SALKA VALKA BY HALLDR LAXNESS, TRANSLATED FROM ICELANDIC BY PHILIP ROUGHTON; MOLDY STRAWBERRIES BY CAIO FERNANDO ABREU, TRANSLATED FROM PORTUGUESE BY BRUNA DANTAS LOBATO; A POSTCARD FOR ANNIE BY IDA JESSEN, TRANSLATED FROM DANISH BY MARTIN AITKEN; WHAT FEELINGS DO WHEN NO ONE IS LOOKING BY TINA OZIEWICZ, ILLUSTRATED BY ALEKSANDRA ZAJ?C AND TRANSLATED FROM POLISH BY JENNIFER CROFT (ELSEWHERE); BRENNER BY HERMANN BURGER, TRANSLATED FROM GERMAN BY ADRIAN NATHAN WEST; TI AMO BY HANNE RSTAVIK, TRANSLATED FROM NORWEGIAN BY MARTIN AITKEN (NAMED A FINANCIAL TIMES BEST BOOK OF THE YEAR), KIBOGO BY SCHOLASTIQUE MUKASONGA, TRANSLATED FROM FRENCH BY MARK POLIZZOTTI, JOO BY A THREAD BY ROGER MELLO, TRANSLATED FROM PORTUGUESE BY DANIEL HAHN (ELSEWHERE); THE LAST DAYS OF TERRANOVA BY MANUEL RIVAS, TRANSLATED FROM GALICIAN BY JACOB ROGERS; DAWN BY SEVGI SOYSAL, TRANSLATED FROM TURKISH BY MAUREEN FREELEY; AND THE LAST POMEGRANATE TREE BY BACHTYAR ALI, TRANSLATED FROM KURDISH BY KAREEM ABDULRAHMAN. WE REPRINTED FOUR TITLES: JOB BY JOSEPH ROTH, TRANSLATED BY ROSS BENJAMIN; PAN TADEUSZ BY ADAM MICKIEWICZ, TRANSLATED BY BILL JOHNSTON; JOURNAL OF AN EVERYDAY GRIEF (TRANSLATED BY JEFFREY SACKS) AND IN THE PRESENCE OF ABSENCE (TRANSLATED BY SINAN ANTOON) BOTH BY MAHMOUD DARWISH.WE AIM TO REACH A WIDE ARRAY OF READERS: LOVERS OF LITERATURE, EDUCATORS, STUDENTS, TRANSLATORS, IMMIGRANT COMMUNITIES, ACTIVISTS, YOUNG READERS, PRISON POPULATIONS, AND ANYONE INTERESTED IN EXPLORING OTHER CULTURES. OUR BOOKS AND EVENTS ILLUMINATE VOICES ON THE MARGINS BY PRESENTING A DIVERSE, FAR-REACHING STORIES (IN TERMS OF RACE, GENDER, AND QUEER REPRESENTATION) TO AN EVER-GROWING, SIMILARLY DIVERSE AUDIENCE. READINGS (IN-PERSON & VIRTUAL) WITH OUR AUTHORS, TRANSLATORS, AND A VARIETY OF INTERLOCUTORS (INCLUDING MERVE EMRE, ALEXANDRA KLEEMAN & ANDREA LAWLOR, EDMUND WHITE, AMONG OTHERS), OFFERED OUR READERS ACCESS TO A DIVERSE RANGE OF LITERARY TRADITIONS. WE DISTRIBUTED 300 TO 400 ADVANCE READING COPIES OF EACH TITLE TO BOOKSELLERS, CRITICS, LIBRARIANS, BLOGGERS, RADIO PRODUCERS, AND WRITERS. WE ALSO SOLICITED ENDORSEMENTS FOR EVERY BOOK, HANDPICKING WRITERS WHOSE NAMES WERE MOST RELEVANT TO THE AUDIENCE WE BELIEVED THE BOOK WOULD APPEAL TO MOST. OUR MARKETING BUDGET ALSO INCLUDED THE PRODUCTION AND DISTRIBUTION OF 8000 PRINT CATALOGS. WE DONATED 300 BOOKS TO PRISON PROGRAMS AND 200 BOOKS TO BOYS AND GIRLS CLUBS.IN 2022, BOOK SALES WERE STRONG, PARTICULARLY FOR LAXNESS'S SALKA VALKA, OZIEWICZ AND ZAJ?C'S WHAT FEELINGS DO, AND MUKASONGA'S KIBOGO. WHILE OUR DISTRIBUTORS TAKE 30%, THESE STEADY SALES THROUGHOUT THE YEAR ALLOWED THE PRESS TO FIND FINANCIAL FOOTING IN THIS CHALLENGING PUBLISHING LANDSCAPE, WHICH IS STILL FEELING THE PAIN OF SUPPLY-CHAIN REALITIES. IT HAS BECOME INCREASINGLY DIFFICULT TO KEEP ALL OF OUR BACKLIST IN PRINT. THE COST OF PAPER AND PRODUCTION CONTINUES TO RISE (BY ABOUT 45% OVER THE LAST THREE YEARS). LANNAN FOUNDATION, ONE OF OUR MOST COMMITTED FUNDERS, HAS ANNOUNCED THAT IT WILL BE CLOSING ITS DOORS, SO WE ARE CONTINUING TO BROADEN OUR FUNDRAISING EFFORTS (BY SEEKING NEW FOUNDATION SUPPORT AND REACHING OUT TO NEW POTENTIAL DONORS) WITH ENERGY AND CREATIVITY. THE PRESS IS IN GOOD FINANCIAL HEALTH, WITH SALES ON THE RISE AND A STRONG PRESS COVERAGE AND OUR GROWING MEMBERSHIP PROGRAM, BUT STEEP PRINTING AND SHIPPING COSTS ALONG WITH INFLATION MAKE IT DIFFICULT TO EXPAND OUR STAFF (AND OFFER OUR CORE STAFF PAY RAISES), TAKE ON NEW INITIATIVES, COVER THE EXPENSES OF REPRINTS, OR ESTABLISH A CASH RESERVE FOR THE FUTURE.

Expenses $565,761 · Revenue $146,651

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Matthew BroganMATTHEW BROGAN

PRESIDENT

Total calculated

$0

Hours/week

1
Florence LuiFLORENCE LUI

VICE PRESIDENT

Total calculated

$0

Hours/week

1
Dave HaanDAVE HAAN

TREASURER

Total calculated

$0

Hours/week

1
Peter Von ZiegesarPETER VON ZIEGESAR

SECRETARY

Total calculated

$0

Hours/week

1
Jill SchoolmanJILL SCHOOLMAN

PUBLISHER/BOARD MEMBER

Total calculated

$65,333

From this org

$65,333

From related orgs

$0

Other

$0

Hours/week

40
George GibsonGEORGE GIBSON

BOARD MEMBER

Total calculated

$0

Hours/week

1
Violaine HuismanVIOLAINE HUISMAN

BOARD MEMBER

Total calculated

$0

Hours/week

1
Ludovic TiakoLUDOVIC TIAKO

BOARD MEMBER

Total calculated

$0

Hours/week

1
Leslie Maslow'LESLIE MASLOW'

BOARD MEMBER

Total calculated

$0

Hours/week

1
Tess LewisTESS LEWIS

BOARD MEMBER

Total calculated

$0

Hours/week

1
Jonathan BaskinJONATHAN BASKIN

BOARD MEMBER

Total calculated

$0

Hours/week

1
David DeanDAVID DEAN

BOARD MEMBER

Total calculated

$0

Hours/week

1
Lisabeth DuringLISABETH DURING

BOARD MEMBER

Total calculated

$0

Hours/week

1
Edwin FrankEDWIN FRANK

BOARD MEMBER

Total calculated

$0

Hours/week

1
Breon MitchellBREON MITCHELL

BOARD MEMBER

Total calculated

$0

Hours/week

1
Rick MoodyRICK MOODY

BOARD MEMBER

Total calculated

$0

Hours/week

1
Geoffrey O'BrienGEOFFREY O'BRIEN

BOARD MEMBER

Total calculated

$0

Hours/week

1

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: 2022
Filed: 2 November 2023
IRS schema version: 2022v5.0
Source object: 202303069349301485

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