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Nonprofiteer
← THE NEW PRESS INC

Form 990 for tax year 2023

Filed by THE NEW PRESS INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 10 December 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$3,159,981
Total expenses
$5,640,309
Contributions and grants received
$1,967,905
Grants paid
$0
Program service revenue
$323,776
Investment income
$46,449
Other revenue
$821,851
Total assets, end of year
$8,087,640
Total liabilities, end of year
$2,803,649
Net assets or fund balances, end of year
$5,283,991
Program services expenses (Part IX)
$3,999,332
Management and general expenses
$841,486
Fundraising expenses
$799,491
Program service expenses (Part III)
$3,999,332

Program services were 70.9% 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

    $85,396

  • 1e · Government grants (contributions)

    $40,000

  • 1f · All other contributions, gifts and grants

    $1,842,509

  • 1g · Noncash contributions included above

    $2,617

  • 2a · Program service revenue: SUBRIGHTS INCOME

    total $323,776 · related or exempt $323,776

  • 3 · Investment income

    total $42,536 · excluded $42,536

  • 6a · Gross rents

    real property $36,160

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $36,160

  • 6d · Net rental income or loss

    total $36,160 · excluded $36,160

  • 7a · Gross sales of assets other than inventory

    securities $627,507

  • 7b · Less cost or other basis and sales expenses

    securities $623,594

  • 7c · Gain or loss

    securities $3,913

  • 7d · Net gain or loss

    total $3,913 · excluded $3,913

  • 8a · Fundraising events: gross income

    $26,354

  • 8a · Fundraising events: contributions included on line 1c

    $85,396

  • 8b · Fundraising events: direct expenses

    $26,354

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $3,319,673

  • 10b · Cost of goods sold

    $2,541,532

  • 10c · Net income from sales of inventory

    total $778,141 · related or exempt $778,141

  • 11a · Other revenue: OTHER INCOME

    total $7,550 · related or exempt $7,550

  • 11e · Other revenue, total

    $7,550

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $704,691 · program services $307,604 · management and general $286,844 · fundraising $110,243

  • 7 · Other salaries and wages

    total $1,860,412 · program services $1,333,913 · management and general $230,119 · fundraising $296,380

  • 8 · Pension plan contributions

    total $85,324 · program services $61,728 · management and general $10,001 · fundraising $13,595

  • 9 · Other employee benefits

    total $304,167 · program services $203,654 · management and general $50,946 · fundraising $49,567

  • 10 · Payroll taxes

    total $234,280 · program services $151,205 · management and general $45,824 · fundraising $37,251

  • 11b · Fees: legal

    total $26,456 · program services $17,448 · management and general $4,870 · fundraising $4,138

  • 11c · Fees: accounting

    total $38,500 · management and general $38,500

  • 11f · Fees: investment management

    total $1,119 · management and general $1,119

  • 11g · Fees: other

    total $476,481 · program services $334,956 · management and general $56,839 · fundraising $84,686

  • 12 · Advertising and promotion

    total $478,785 · program services $471,736 · management and general $3,811 · fundraising $3,238

  • 13 · Office expenses

    total $131,956 · program services $87,026 · management and general $24,292 · fundraising $20,638

  • 16 · Occupancy

    total $346,680 · program services $229,046 · management and general $63,599 · fundraising $54,035

  • 17 · Travel

    total $42,599 · program services $28,096 · management and general $7,840 · fundraising $6,663

  • 22 · Depreciation, depletion and amortization

    total $29,248 · program services $19,289 · management and general $5,384 · fundraising $4,575

  • 23 · Insurance

    total $54,005 · program services $35,616 · management and general $9,942 · fundraising $8,447

  • 24a · Other expenses: DISTRIBUTION

    total $530,236 · program services $530,236

  • 24b · Other expenses: DISPOSAL OF INVENTORY

    total $173,720 · program services $173,720

  • 24c · Other expenses: EVENT EXPENSES

    total $113,217 · program services $8,500 · fundraising $104,717

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $8,235 · program services $5,431 · management and general $1,516 · fundraising $1,288

  • 24e · All other expenses

    total $198 · program services $128 · management and general $40 · fundraising $30

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,206,125 · end of year $651,740

  • 2 · Savings and temporary cash investments

    beginning of year $2,864,877 · end of year $654,878

  • 3 · Pledges and grants receivable

    beginning of year $919,500 · end of year $290,235

  • 4 · Accounts receivable

    beginning of year $1,218,857 · end of year $1,035,196

  • 8 · Inventories for sale or use

    beginning of year $1,685,692 · end of year $1,034,728

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,256 · end of year $11,137

  • 10a · Land, buildings and equipment: cost or other basis

    $206,008

  • 10b · Land, buildings and equipment: accumulated depreciation

    $165,649

  • 10c · Land, buildings and equipment, net

    beginning of year $69,607 · end of year $40,359

  • 11 · Investments: publicly traded securities

    beginning of year $70,771 · end of year $1,638,175

  • 15 · Other assets

    beginning of year $2,982,034 · end of year $2,731,192

  • 17 · Accounts payable and accrued expenses

    beginning of year $571,189 · end of year $568,310

  • 25 · Other liabilities

    beginning of year $2,710,172 · end of year $2,235,339

  • 27 · Net assets without donor restrictions

    beginning of year $5,859,509 · end of year $3,850,969

  • 28 · Net assets with donor restrictions

    beginning of year $1,887,849 · end of year $1,433,022

Mission and programs · 2023

Mission

PUBLICATION OF BOOKS ON CULTURAL, HISTORICAL, AND SOCIAL ISSUES TO INCREASE EDUCATIONAL AND SOCIAL AWARENESS. THESE BOOKS ARE OFTEN WRITTEN BY AUTHORS AND/OR ARE WRITTEN ABOUT SUBJECTS THAT MIGHT OTHERWISE NOT BE DEEMED COMMERCIAL ENOUGH (CONT'D ON SCHEDULE O)TO BE PUBLISHED. ORGANIZE FREE PUBLIC FORUMS FOR DISCUSSION ABOUT ISSUES ADDRESSED IN THE NEW PRESS BOOKS BY THE NEW PRESS AUTHORS.

Activities or mission (Part I)

PUBLISHING IN THE PUBLIC INTEREST BOOKS OF CULTURAL, HISTORICAL, (CONT'D ON SCHEDULE O)AND/OR EDUCATIONAL VALUE THAT ARE LIKELY TO BE DEEMED INSUFFICIENTLY PROFITABLE AND HENCE OVERLOOKED BY COMMERCIAL PUBLISHERS.

  • THIS WAS AN UNUSUAL YEAR FOR THE ORGANIZATION, WITH BOTH REVENUE STREAMS SEEING A DECLINE. LIKE MANY PUBLISHERS WITH NONFICTION-HEAVY LISTS, WE FACED INDUSTRY-WIDE CHALLENGES THAT IMPACTED OUR TOTAL EARNED REVENUE. WE PUBLISHED 31 FRONTLIST TITLES IN 2023. OUR TOP 5 TITLES REPRESENTED 22% OF OUR TOTAL SALES. THE TOP FIVE TITLES WERE THE NEW JIM CROW, LIES MY TEACHER TOLD ME, TROUBLEMAKERS, CRITICAL RACE THEORY, AND EXCEPT FOR PALESTINE. WITH TWO TITLES (CHARISMA'S TURN AND THE PAPERBACK OF ELIE MYSTAL' S ALLOW ME TO RETORT) SELLING OVER 5000 COPIES. (CONTINUED ON SCHEDULE O)BOTH SALES AND REVENUE FELL BELOW RECENT YEARS' LEVELS. HOWEVER, OUR CASH POSITION REMAINS STRONG, AND WE CLOSED THE YEAR WITH NEARLY $3 MILLION IN CASH.

    Expenses $3,999,332 · Revenue $1,109,467

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gara Lamarche

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Theodore M Shaw

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Amy Glickman

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Sarah Burnes

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Diane Wachtell

    EXECUTIVE DIRECTOR

    Total calculated
    $244,985
    From this org
    $218,380
    From related orgs
    $0
    Other
    $26,605
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $218,380
    Bonus
    $0
    Other
    $0
    Deferred
    $10,919
    Nontaxable benefits
    $15,686
    Filer's total
    $244,985

  • Ellen Adler

    PUBLISHER

    Total calculated
    $246,702
    From this org
    $212,170
    From related orgs
    $0
    Other
    $34,532
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $212,170
    Bonus
    $0
    Other
    $0
    Deferred
    $10,609
    Nontaxable benefits
    $23,923
    Filer's total
    $246,702

  • Jonathan S Abady

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jessica Bauman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Anthony Butler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Deutsch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bruce Gottlieb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brad Hebel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vivien Labaton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Lehman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Raben

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frederick Ao Schwarz Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nabiha Syed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tina C Weiner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laura Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rosa M Del Saz

    CHIEF FINANCE & ADMIN OFFICER

    Total calculated
    $213,006
    From this org
    $191,091
    From related orgs
    $0
    Other
    $21,915
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $191,091
    Bonus
    $0
    Other
    $0
    Deferred
    $9,555
    Nontaxable benefits
    $12,360
    Filer's total
    $213,006

  • Marc Favreau

    DIRECTOR OF EDITORIAL OPERATIONS

    Total calculated
    $154,947
    From this org
    $147,317
    From related orgs
    $0
    Other
    $7,630
    Hours/week
    35

  • Brian Ulicky

    ASSOCIATE PUBLISHER

    Total calculated
    $138,977
    From this org
    $120,955
    From related orgs
    $0
    Other
    $18,022
    Hours/week
    35

  • Fran Forte

    SENIOR DIRECTOR OF PRODUCTION

    Total calculated
    $116,049
    From this org
    $102,872
    From related orgs
    $0
    Other
    $13,177
    Hours/week
    35

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403199349315585

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