2024-11-15T05:27:56-08:00 2023-12-31 271661785 CMRosen LLC 17440 Dallas Pkwy Ste 218 Dallas TX 75287 990 2023-01-01 463099904 Deep Vellum Publishing Inc DEEP 2149454309 3000 Commerce St Dallas TX 75226 Will Evans Executive Dir. 2024-11-13 true true Chad M Rosen CPA P01071321 9728181400 2023 2024-10-15 13:58:12Z Will Evans 3000 Commerce St Dallas TX 75226 2195721 false X deepvellum.org X 2013 TX 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. 10 10 13 25 17 654896 994483 22332 44410 0 481573 497444 1158801 1536337 2788 0 416609 459994 0 39441 771193 908672 1187802 1371454 -29001 164883 936264 1003966 606187 509366 330077 494600 To bring the world into conversation through literature and enhance the open exchange of stories and ideas across cultures. false false 1188554 2788 539719 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. 1188554 true true false false false false false false false false false false false true false false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false true 73 0 true 13 true false false false false false false false 0 false false false false false false false X 10 10 false false true false false false false true false false false true true true true false false true false false NY X X Will Evans 2149454309 3000 Commerce St Dallas TX 75226 Will Evans Executive Dir. 40.00 0.00 X 72954 0 7061 Linda Mowl President 7.00 0.00 X X 0 0 0 Brian Bell Vice-President 5.00 0.00 X X 0 0 0 Ron Restrepo Secretary 5.00 0.00 X X 0 0 0 Heather Flabiano Treasurer 5.00 0.00 X X 0 0 0 Marlo Melucci Director 2.00 0.00 X 0 0 0 Alex Sharma Director 2.00 0.00 X 0 0 0 Jhubin Moghaddamfar Director 2.00 0.00 X 0 0 0 Jerry Hawkins Director 2.00 0.00 X 0 0 0 Steven Kornajcik Director 2.00 0.00 X 0 0 0 Bemnet Meshesha Director 2.00 0.00 X 0 0 0 72954 7061 0 false false false Consortium Book Sales & Distribution 34 Thirteenth Ave NE 101 Minneapolis MN 55413 Book distribution 249739 Friesens One Printers Way Altona Manitoba CA R0G 0B0 Book printing 158916 2 67763 926720 2788 994483 Publishing fees 511130 44410 44410 44410 0 0 2135 17 2118 0 0 0 0 1154693 659384 495309 495309 0 1536337 539719 17 2118 X 2788 2788 0 0 0 80015 32006 16003 32006 0 331935 302993 28626 316 0 16912 15539 1373 31132 25419 3407 2306 0 15658 15658 49045 49045 0 0 0 51423 50519 904 14755 14755 25291 13243 12048 0 188693 188693 41804 34308 4426 3070 18574 18161 413 0 1741 1669 72 6603 3063 3258 282 0 2560 2092 275 193 12270 9854 1514 902 Distribution fees 249739 249739 Publication expenses 205823 205823 Dues and subscriptions 18793 12537 6244 12 Business expenses 5900 5353 193 354 0 1371454 1188554 143459 39441 X 29912 18451 0 11000 229217 53713 8339 0 0 0 329387 227370 3205 0 0 0 0 0 512252 517384 936264 1003966 161873 163270 194314 346096 250000 606187 509366 X 67577 37557 262500 457043 330077 494600 936264 1003966 X 164883 -360 X false false false X 281559 276145 745371 654896 994483 2952454 0 0 281559 276145 745371 654896 994483 2952454 562761 2389693 2135 2135 0 0 2954589 3292856 0.80880 0.81810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Contract Assets 131260 Publication Costs, net 147295 Royalty Advances, net 236269 Website Design, net 2560 517384 East Asia and the Pacific 0 1 Program services Writing and/or translating 167 Europe 0 22 Program services Writing and/or translating 63783 North America 0 4 Program services Writing and/or translating 2045 Russia and Neighboring States 0 1 Program services Writing and/or translating 3209 Sub-Saharan Africa 0 1 Program services Writing and/or translating 1041 29 29 70245 70245 false false false false false false Form 990, Part VI, Section A, Line 4 In March 2023, the bylaws were amended, with the most significant changes as follows:1. The name was changed to "Deep Vellum." This change has not been made official as of this return's filing date because the necessary filing was not yet made with the Texas Secretary of State.2. The organizational purposes were updated to: "The Corporation is organized exclusively for cultural, charitable and educational purposes. The Corporation is established as a permanent organization in Texas dedicated to bringing the world into conversation through literature and enhancing the open exchange of stories and ideas across cultures by publishing work by writers from all over the world and from right here in Texas, and through interactive, reader-centric discussions that promote literacy and a lifelong love of reading and writing among all populations. The Corporation may engage in any activities that further these purposes and promote the publication of creative writing and an appreciation for the literary arts in the Dallas community, such as activities related to the Literary Art Center in Dallas. Consistent with these purposes, the Corporation shall pursue authorized activities as described in Section 501(c)(3) of the Internal Revenue Code."3. The number, tenure, and qualification of Directors was updated to: "The number of Directors shall be not less than three (3) nor more than twenty (20). Directors shall serve two year terms, not to exceed four consecutive terms in office absent approval of the Board by a two-thirds majority vote of the current members of the Board of Directors present at a properly-noticed meeting to elect Directors, so long as a quorum is present at such meeting, when the Board and the Director mutually agree that an additional term will provide needed leadership and continuity. As a condition to being elected or to serve a new term, each proposed or current Director shall agree to comply with any requirements for a Board Member enacted by the Governance Committee and approved by a majority vote of the Board of Directors to avoid removal, which shall include a requirement to participate in at least two regular meetings each year. Approximately one-quarter of the Directors terms shall expire annually. A Director shall serve until that Director's successor shall be elected and qualified, unless the Director earlier resigns or is removed. No decrease in the number of Directors shall have the effect of shortening the term of any incumbent Director."4. Provisions regarding compensation to Directors were modified to indicate that no disclosure to or approval by the Board is necessary for a Board Member to receive standard compensation as a writer or translator or editor or for a similar programmatic role for any proposed program or published material.5. Details of the position of Vice President was changed to: "The Vice President shall also generally assist the President and exercise such other powers and perform such other duties as are delegated by the President and the Board."6. A provision was added to require that the bylaws be updated every 5 years. Form 990, Part VI, Section A, Line 8b There were no committees during the year which had authority to act on behalf of the full board. Form 990, Part VI, Section B, Line 11b A draft of this Form 990 was emailed to directors and the executive director for review before filing. Form 990, Part VI, Section B, Line 12c Persons covered - Any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest.Monitoring proposed or ongoing transactions for conflicts - An interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the governing board or committee with governing board delegated powers considering the proposed transaction or arrangement. Each covered person must annually sign a statement which affirms that such person has received, has read, and understands the Policy and agrees to comply with it. Periodic reviews are to be conducted which, at a minimum, include the following subjects: whether compensation arrangements and benefits are reasonable, based on competent survey information, and the results of arm's length bargaining; and whether partnerships, joint ventures, and arrangements with management organizations conform to the Organization's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes, and do not result in inurement, impermissible private benefit, or an excess benefit transaction.Dealing with potential conflicts and the level at which determinations of whether a conflict exists are made - After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists.Dealing with actual conflicts, the level at which actual conflicts are reviewed, and restrictions imposed on the interested person - An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The chairman of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee shall determine whether the Organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the Organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement. Form 990, Part VI, Section B, Line 15a The executive director's compensation was determined by the board upon consultation with an independent consultant, review of Forms 990 of other nonprofit publishing houses and literary arts centers, and consideration of the GuideStar Nonprofit Compensation Report and informal surveys of other publishing industry professionals. This process was last undertaken in 2021 and documented in the minutes to a board meeting. Form 990, Part VI, Section B, Line 15b No such individuals are compensated. Form 990, Part VI, Section C, Line 19 These are available on our website and upon request. Form 990, Part XI, Line 9 Prior period adjustment (no material effect on Sch. A) = -$360 Form 990, Part IX, Line 15 - Royalties The reported amount for prepaid royalty payments to authors and translators has not been updated from that of the prior year. Accordingly, reported royalty expenses may change when a full clean-up of such transactions in the books is complete, and the Organization anticipates amending this Form 990 if the changes are significant. Form 990, Part X, Line 15 - Other assets The reported amount for prepaid royalty payments to authors and translators, which are included within "Other assets," has not been updated from that of the prior year. This figure may change when a full clean-up of such transactions in the books is complete, and the Organization anticipates amending this Form 990 if the changes are significant.