2025-08-06T12:53:13-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2024-01-01 411365177 MILKWEED EDITIONS INC MILK 6123323192 1011 WASHINGTON AVENUE SOUTH 300 MINNEAPOLIS MN 554151246 DANIEL SLAGER PUBLISHER AND CEO 6123323192 2025-08-06 1 0 LIZ COOK P01878112 6123764500 2025-07-22 2024 2025-03-06 01:10:19Z DANIEL SLAGER 1011 WASHINGTON AVENUE SOUTH 300 MINNEAPOLIS MN 554151246 7980884 0 X WWW.MILKWEED.ORG X 1979 MN TO IDENTIFY, NURTURE AND PUBLISH TRANSFORMATIVE LITERATURE, AND BUILD AN ENGAGED COMMUNITY AROUND IT. 24 23 24 24 0 0 1066028 1137142 156100 161403 -26693 307685 3405332 3177226 4600767 4783456 0 0 0 0 1404826 1577552 42987 0 433107 3191972 2839814 4639785 4417366 -39018 366090 8001848 8255856 1397191 1245227 6604657 7010629 X TO IDENTIFY, NURTURE AND PUBLISH TRANSFORMATIVE LITERATURE, AND BUILD AN ENGAGED COMMUNITY AROUND IT. 0 0 1978412 3368446 BOOK PRODUCTION, DISTRIBUTION, AND PROMOTION:FOUNDED IN MINNEAPOLIS IN 1980, MILKWEED EDITIONS IS ONE OF THE NATION'S LEADING INDEPENDENT PUBLISHERS OF LITERATURE. WE CURRENTLY PUBLISH SOME THIRTY TITLES EACH YEAR IN THE CATEGORIES OF POETRY, FICTION, AND NONFICTION, AND OUR LIST IS ACCLAIMED FOR ITS DISTINCTION AND VARIETY. WE RELEASE EVERY TITLE SIMULTANEOUSLY IN PRINT AND EBOOK EDITIONS, WE ENHANCE THE PUBLICATION OF ALL TITLES WITH ORIGINAL DIGITAL CONTENT, WE LICENSE PUBLICATION OF MANY TITLES WE ORIGINATE TO FOREIGN AND AUDIOBOOK PUBLISHERS, AND, SINCE 2018, WE PUBLISH SOME OF OUR TITLES AS AUDIOBOOKS. WE CURRENTLY HAVE MORE THAN FOUR HUNDRED TITLES IN PRINT, NEARLY TWO HUNDRED TITLES AVAILABLE AS EBOOKS, AND NEARLY FIVE MILLION COPIES OF BOOKS WE PUBLISHED ORIGINALLY IN CIRCULATION AROUND THE WORLD. 963307 OUTREACH: - GENERAL -MILKWEED IS MOTIVATED BY THE FACT THAT LITERATURE IS FUNDAMENTALLY TRANSFORMATIVE. EVERY YEAR WE SELL HUNDREDS OF THOUSANDS OF BOOKS, MANY OF OUR AUTHORS AND TITLES RECEIVE AWARDS, AND MOST TITLES RECEIVE GLOWING REVIEWS AND RECOMMENDATIONS IN A WIDE RANGE OF MEDIA. THESE ARE SOME OF THE WAYS WE MEASURE SUCCESS, BUT IN ADDITION TO OUR PUBLISHING PROGRAM, WE ACTIVELY SEEK TO BUILD COMMUNITY AROUND LITERATURE AND TO SERVE AN EXPANDING, INCREASINGLY DIVERSE CONSTITUENCY OF WRITERS AND READERS. WE SERVE WRITERS BY PROVIDING FINANCIAL AND EDITORIAL SUPPORT AND BY BUILDING A BROAD AUDIENCE FOR THEIR WORK. WE SERVE READERS BY CONNECTING THEM TO THE AUTHORS AND BOOKS WE PUBLISH. - REACHING READERS -OUR GOAL TO BUILD COMMUNITY IS ULTIMATELY ACHIEVED BY SHARING OUR WORK WITH THE WIDEST RANGE OF PARTICIPANTS AND COMMUNICATING WHY IT IS RELEVANT AND HOW IT CAN BE TRANSFORMATIVE IN THEIR LIVES. WE WORK TO MAKE OUR BOOKS AVAILABLE IN A VARIETY OF FORMATS PRINT, EBOOK, AND INCREASINGLY AUDIOBOOK; WE HAVE A VARIETY OF DISTRIBUTION PARTNERS TO HELP BOOKS REACH AS MANY MARKETS AS POSSIBLE; WE ALSO CULTIVATE STRONG RELATIONSHIPS WITH LIBRARIANS, ENSURING THAT MANY READERS BORROW OUR BOOKS; AND EACH YEAR WE DONATE SEVERAL THOUSAND BOOKS. - OPEN BOOK - AS ONE OF THREE FOUNDING TENANTS OF OPEN BOOK, THE NATION'S LARGEST LITERARY CENTER LOCATED IN DOWNTOWN MINNEAPOLIS, WE ACTIVELY SEEK TO BUILD COMMUNITY AROUND LITERATURE. IN THE YEARS SINCE ITS FOUNDING IN 2000, OPEN BOOK IS NOW A NATIONAL SUCCESS STORY. THE CENTER ATTRACTS MORE THAN 175,000 VISITORS ANNUALLY, AND WE STRENGTHENED OUR COMMITMENT TO THIS REMARKABLE INSTITUTION BY OPENING A STREET-LEVEL BOOKSTORE IN THE BUILDING IN LATE 2016. MILKWEED BOOKS SERVES AS A VIBRANT COMMUNITY SPACE, A SITE WHERE READERS DISCOVER AND INTERACT WITH WRITERS, MANY OF WHOM ARE PUBLISHED BY OTHER ORGANIZATIONS IN OUR FIELD. - FELLOWSHIP PROGRAM -THE MILKWEED FELLOWSHIP PROGRAM, LAUNCHED IN 2019, IS GROUNDED IN THE BELIEF THAT BOOKS HAVE THE POTENTIAL TO CHANGE THE WAY WE SEE THE WORLD, AND THAT EQUITY IS ESSENTIAL TO A VIBRANT, DIVERSE, AND EMPOWERED LITERARY ECOSYSTEM. THIS PAID, ONE- TO TWO-YEAR IMMERSION PROGRAM IS DESIGNED TO OFFER THE TOOLS, EXPERIENCE, AND EXPOSURE NECESSARY TO PURSUE A CAREER IN BOOK PUBLISHING. INTENDED TO PROVIDE AN ALTERNATIVE ROUTE TO SUCCESS IN AN INDUSTRY WHERE THE PREREQUISITE TO AN ENTRY LEVEL POSITION IS TYPICALLY AN UNPAID INTERNSHIP, THIS LEARNING-ORIENTED POSITION SEEKS TO PROVIDE ENTRY TO THOSE HISTORICALLY UNDERREPRESENTED AMONG WORKERS IN BOOK PUBLISHING - INDIGENOUS, PEOPLE OF COLOR, LGBTQIA+, AND THOSE WITH DISABILITIES SO THEY MAY ADVANCE, DISCOVER, AND CHAMPION TRANSFORMATIVE LITERATURE FOR YEARS TO COME. 574840 EDITORIAL:WE MEASURE THE SUCCESS OF OUR PUBLISHING PROGRAM, HOW WELL WE ACHIEVE OUR MISSION, IN MANY WAYS, INCLUDING BOOK SALES THROUGH OUR DISTRIBUTOR, OUR WEBSITE, AND OUR BOOKSTORE. IN 2024, REVENUE GENERATED BY SALES OF OUR BOOKS GROSSED MORE THAN $5 MILLION. WE ALSO FACTOR IN AWARDS, REVIEWS, AND OTHER MEDIA ATTENTION GARNERED BY OUR TITLES, AUTHORS, AND ORGANIZATION. OUR BOOKS SAW REVIEWS AND MEDIA MENTIONS IN OUTLETS RANGING FROM THE NEW YORK TIMES, THE WALL STREET JOURNAL, THE GUARDIAN, AND THE NEW YORKER AND RECENT TITLES WERE FINALISTS FOR THE PULITZER PRIZE, THE NATIONAL BOOK AWARD, THE NATIONAL BOOK CRITICS CIRCLE AWARD, PEN/JEAN STEIN BOOK AWARD, THE L.A. TIMES BOOK PRIZE, AND THE MINNESOTA BOOK AWARD, AMONG NUMEROUS OTHER AWARDS AND PRIZES. 3516559 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 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 1 165 0 24 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X X JANE TOWNSEND 6123323192 1011 WASHINGTON AVE S MINNEAPOLIS MN 55415 DANIEL SLAGER PUBLISHER AND CEO 40.00 X X 218173 0 7636 NIMA DESAI VICE CHAIR 1.00 X X 0 0 0 LYNN ABRAHAMSEN PAST CHAIR 1.00 X X 0 0 0 SHEILA LETSCHER CHAIR 1.00 X X 0 0 0 JACK DEMPSEY BOARD MEMBER 1.00 X 0 0 0 PAMELA FLETCHER BUSH BOARD MEMBER 1.00 X 0 0 0 NED HANCOCK BOARD MEMBER 1.00 X 0 0 0 SHAWN MONAGHAN BOARD MEMBER 1.00 X 0 0 0 MARY REYELTS BOARD MEMBER 1.00 X 0 0 0 NELL SMITH BOARD MEMBER 1.00 X 0 0 0 STEVE SPENCER TREASURER 1.00 X X 0 0 0 JONATHAN GAW BOARD MEMBER 1.00 X 0 0 0 LEAH LAMON BOARD MEMBER 1.00 X 0 0 0 MOLLY SULLIVAN BOARD MEMBER 1.00 X 0 0 0 DEANNA THOMPSON BOARD MEMBER 1.00 X 0 0 0 AMY VARGO BOARD MEMBER 1.00 X 0 0 0 MARNE ZAFAR BOARD MEMBER 1.00 X 0 0 0 SHELLY GILL MURRAY SECRETARY 1.00 X X 0 0 0 STEPHANIE MATZ BOARD MEMBER 1.00 X 0 0 0 DEEPINDER MAYELL BOARD MEMBER 1.00 X 0 0 0 SARAH STOESZ BOARD MEMBER 1.00 X 0 0 0 PAULITA LAPLANTE BOARD MEMBER 1.00 X 0 0 0 CHUCK KNAPP BOARD MEMBER 1.00 X 0 0 0 HEATHER ANFANG BOARD MEMBER 1.00 X 0 0 0 KEITH BEDNAROWSKI BOARD MEMBER 1.00 X 0 0 0 EMILY NICOLL BOARD MEMBER 1.00 X 0 0 0 KATHERINE HILL VICE PRESIDENT OF ENGAGEMENT 40.00 X 110972 0 16733 CRAIG POPELARS VICE PRESIDENT OF MARKETING & SALES 40.00 X 119231 0 0 JANE TOWNSEND VICE PRESIDENT, ADVANCEMENT 40.00 X 145862 0 25301 594238 0 49670 4 0 1 0 INGRAM (PGW) 1 INGRAM BLVD LA VERGE TN 37086 DISTRIBUTES AND STORES INVENTORY 1122900 ROBIN WALL KIMMERER 1 FORESTRY DRIVE SYRACUSE NY 13210 ROYALTY PAYMENT 855109 BOOKMOBILE 210 EDGE PLACE NE MINNEAPOLIS MN 55418 PRINT PRODUCTION 541620 FRIESENS CORPORATION BOX 556 PEMBINA ND 58271 PRINT PRODUCTION 490133 4 183738 451712 501692 1137142 RIGHTS INCOME 513130 161403 161403 161403 132330 132330 1911765 1736410 175355 175355 175355 29400 183738 59217 -29817 -29817 4603116 1401801 3201315 3201315 MISCELLANEOUS REVENUE 459210 5728 5728 5728 4783456 3368446 0 277868 643908 334097 93486 216325 694030 536622 74597 82811 132779 98545 22497 11737 106835 70409 13844 22582 32647 28416 4231 29498 29498 258187 132893 112442 12852 199916 198208 1708 78545 18462 54234 5849 1006913 1006913 60239 39700 7806 12733 50001 45969 756 3276 319 250 69 11057 7287 1433 2337 22810 15033 2956 4821 DISTRIBUTION 832124 832124 DUES AND SUBSCRIPTIONS 56581 22167 32629 1785 EQUIPMENT RENTAL AND MA 18269 12040 2367 3862 182708 117674 12966 52068 4417366 3516559 467700 433107 2394015 1902117 2719304 3531650 516216 536205 1259131 1263877 744166 532421 16696 19895 544972 522381 29668 22591 322652 447100 8001848 8255856 1164532 1135692 232659 53072 0 56463 1397191 1245227 X 5796552 6215127 808105 795502 6604657 7010629 8001848 8255856 366090 39882 0 X 0 1 X 1 0 X 1386318 2398000 1158442 918278 1137142 6998180 1386318 2398000 1158442 918278 1137142 6998180 1900950 5097230 3961 16423 -273027 378792 102832 228981 19713 23511 16101 22905 5728 87958 7315119 22588303 0.69680 0.73570 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: RIGHTS INCOME - MISCELLAENOUS REVENUE - 2020 AMOUNT: $ 19,713. 2021 AMOUNT: $ 23,511. 2022 AMOUNT: $ 16,101. 2023 AMOUNT: $ 22,905. 2024 AMOUNT: $ 5,728. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2061492 913636 124190 11947 3087371 1408409 500000 162969 9886 2061492 1282923 255000 -124677 4837 1408409 225000 1057923 3867 3867 1282923 225000 3961 3961 225000 0.93000 0.07000 0 0 83616 83616 0 461356 438765 22591 22591 ROYALTY ADVANCES 391679 RIGHT OF USE ASSET 55421 447100 LEASE LIABILITY - OPERATING 56463 56463 X 6195641 39882 1401801 1441683 4753958 29498 29498 4783456 5789669 1401801 1401801 4387868 29498 29498 4417366 PART V, LINE 4: THE ORGANIZATION CURRENTLY USES THE ENDOWMENT FUNDS FOR INTERNAL BORROWING TO BE REPAID WITHIN 24 MONTHS. PART X, LINE 2: THE ORGANIZATION HAS ADOPTED GUIDANCE ON THE INCOME TAX STANDARD REGARDING THE RECOGNITION OF UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE IMPLEMENTATION OF THIS GUIDANCE HAD NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,401,801. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,401,801. BOOKLOVERS BALL 213138 183738 29400 3600 29012 10309 16296 213138 183738 29400 3600 29012 10309 16296 59217 -29817 X X X X 0 1 0 0 0 0 0 0 0 DANIEL SLAGER PUBLISHER AND CEO 218173 0 0 0 0 0 0 0 7636 0 225809 0 0 0 JANE TOWNSEND VICE PRESIDENT, ADVANCEMENT 145862 0 0 0 0 0 0 0 25301 0 171163 0 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE CONDUCTS AN ANNUAL REVIEW OF THE PUBLISHER & CEO. THEIR REVIEW AND COMPENSATION ADJUSTMENTS ARE SHARED WITH THE FULL BOARD IN AN EXECUTIVE SESSION AT A BOARD MEETING. PART I, LINE 4B DANIEL SLAGER PARTICIPATED IN A 457(F) PLAN, BUT RECEIVED NO PAYMENTS FROM THE PLAN DURING THE YEAR. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS MADE UP OF THE OFFICERS OF THE BOARD OF DIRECTORS (CHAIR, VICE CHAIR, SECRETARY, AND TREASURER), THE IMMEDIATE PAST CHAIR OF THE BOARD OF DIRECTORS, THE CHAIR OF THE ADVANCEMENT COMMITTEE, THE CHAIR OF THE FINANCE COMMITTEE, ANY OTHER DIRECTORS WHO MAY BE APPOINTED BY THE CHAIR OF THE CORPORATION, AND, EX OFFICIO, THE PUBLISHER OF THE CORPORATION. THE EXECUTIVE COMMITTEE IS CHAIRED BY THE CHAIR OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO ACT FOR THE BOARD OF DIRECTORS BETWEEN MEETINGS OF THE BOARD. THE EXECUTIVE COMMITTEE CONDUCTS AN ANNUAL REVIEW OF THE PUBLISHER & CEO. THEIR REVIEW AND COMPENSATION ADJUSTMENTS ARE SHARED WITH THE FULL BOARD IN AN EXECUTIVE SESSION AT A BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT SUBCOMMITTEE OF THE FINANCE COMMITTEE REVIEWS THE AUDITED FINANCIAL STATEMENTS AND RECOMMENDS THEIR ACCEPTANCE TO THE ENTIRE BOARD OF DIRECTORS (MILKWEED'S GOVERNING BODY). EACH MEMBER OF THE BOARD RECEIVES A COPY OF THE STATEMENTS PRIOR TO THE MEETING AT WHICH THE STATEMENTS ARE ACCEPTED. THE AUDIT SUBCOMMITTEE ALSO APPROVES THE SELECTION OF THE INDEPENDENT AUDITING FIRM. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT SUBCOMMITTEE OF THE FINANCE COMMITTEE REVIEWS THE AUDITED FINANCIAL STATEMENTS AND RECOMMENDS THEIR ACCEPTANCE TO THE ENTIRE BOARD OF DIRECTORS (MILKWEED'S GOVERNING BODY). EACH MEMBER OF THE BOARD RECEIVES A COPY OF THE STATEMENTS PRIOR TO THE MEETING AT WHICH THE STATEMENTS ARE ACCEPTED. THE AUDIT SUBCOMMITTEE ALSO APPROVES THE SELECTION OF THE INDEPENDENT AUDITING FIRM. FORM 990, PART VI, SECTION B, LINE 12C INDEPENDENT BOARD MEMBERS (INTERESTED PERSONS) ARE ASKED TO SIGN A STATEMENT ANNUALLY WHICH AFFIRMS THAT THEY HAVE READ AND UNDERSTAND THE CONFLICT OF INTEREST POLICY. INTERESTED PERSONS HAVE A DUTY TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST AT WHICH POINT THE REMAINING BOARD MEMBERS WILL REVIEW AND DETERMINE WHETHER A CONFLICT EXISTS. BOARD MEMBERS MUST RECUSE THEMSELVES FROM ANY DECISION AND VOTE ON DETERMINING WHETHER A CONFLICT EXISTS. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. IF THE BOARD HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THE INTERESTED PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE INTERESTED PERSON'S RESPONSE AND AFTER MAKING FURTHER ANY INQUIRY THAT MAY BE WARRANTED, THE BOARD DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE CONDUCTS AN ANNUAL REVIEW OF THE PUBLISHER & CEO. THEIR REVIEW AND COMPENSATION ADJUSTMENTS ARE SHARED WITH THE FULL BOARD IN AN EXECUTIVE SESSION AT A BOARD MEETING. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS OR ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC.