Nonprofit · EIN 41-1922193
OPEN BOOK
Tax-exempt · MINNEAPOLIS, MN 55415
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,362,659 | $1,119,332 | $243,327 | $3,852,018 | $167,463 | $3,684,555 |
| December 31, 2023 | 990 | $737,400 | $1,074,699 | -$337,299 | $3,547,110 | $105,882 | $3,441,228 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $653,965
- Program service revenue
- $618,221
- Investment income
- $62,771
- Royalties
- $21,469
- Other revenue
- $27,702
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $191,165
- Salaries, compensation and benefits (total)
- $203,044
- Professional fundraising fees
- $0
- Accounting fees
- $32,110
- Depreciation
- $410,850
- Program services (functional)
- $1,013,944
- Management and general (functional)
- $53,374
- Fundraising (functional)
- $52,014
Balance sheet and other
- Total assets, start of year
- $3,547,110
- Total assets, end of year
- $3,852,018
- Total liabilities, end of year
- $167,463
- Net assets, end of year
- $3,684,555
- Land, buildings and equipment
- $2,334,935
- Net assets without donor restrictions
- $3,186,955
- Net assets with donor restrictions
- $497,600
- Gross receipts
- $1,362,659
- Employees
- 10
- Year formed
- 1998
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Barbara Crosby | Chair Trustee or director, Officer | 1 | $0 |
| Mark Evenson | Vice Chair Trustee or director, Officer | 1 | $0 |
| Shannon Fitzgerald | Secretary Trustee or director, Officer | 1 | $0 |
| Vanessa Tennyson | Treasurer Trustee or director, Officer | 1 | $0 |
| Daniel Slager | Director Trustee or director | 1 | $0 |
| Sheila Glancy Letscher | Director Trustee or director | 1 | $0 |
| Elysa Voshell | Director Trustee or director | 1 | $0 |
| Hema Viswanathan | Director Trustee or director | 1 | $0 |
| Arleta Little | Director Trustee or director | 1 | $0 |
| Melinda Ward | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Elysa Voshell | Director Trustee or director | 1 | $0 |
| Sheila Glancy Letscher | Director Trustee or director | 1 | $0 |
| Melinda Ward | Director Trustee or director | 1 | $0 |
| Susan Lenfestey | Director Trustee or director | 1 | $0 |
| Jonathon Gaw | Director Trustee or director | 1 | $0 |
| Arleta Little | Director Trustee or director | 1 | $0 |
| Daniel Slager | Director Trustee or director | 1 | $0 |
| Hema Viswanathan | Director Trustee or director | 1 | $0 |
| Mark Evenson | Vice Chair Trustee or director, Officer | 1 | $0 |
| Barbara Crosby | Chair Trustee or director, Officer | 1 | $0 |
| Vanessa Tennyson | Treasurer Trustee or director, Officer | 1 | $0 |
| Shannon Fitzgerald | Secretary Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1011 WASHINGTON AVE S, MINNEAPOLIS, MN 55415-1263
- In care of
- % DOHERTY RUMBLE & BULTER PA
- Principal officer (990 for 2024)
- Barbara Crosby, 1011 Washington Ave S, Minneapolis, MN 55415
- Signed the 990
- Barbara Crosby, Chair
- Phone
- (612) 215-2572
- Website
- www.openbookmn.org
- Return prepared by
- Anderson & Baxter Ltd
Mission
Open Book is a community gathering place dedicated to diverse and dynamic creativity, conversation, and collaboration rooted in the literary and book arts.
Program accomplishments
- Open Book owns and operates the facility that serves as a permanent home for three founding nonprofit entities: Milkweed Editions, The Loft Literary Center, and Minnesota Center for Book Arts. Additional nonprofits and for-profits also rent space within Open Book and contribute to the creative community. Open Book spurs collaboration with many and varied community organizations and individuals through hosted events in the Open Book space, bringing hundreds of readings, classes, workshops, exhibitions, programs, and other events and convening in our spaces. An average of 14,000 visitors visit Open Book monthly.Expenses $1,013,944
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1922193
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A70)
- Assets (IRS master file)
- $3,852,018
- Income (IRS master file)
- $1,362,659
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,362,659 | $1,119,332 | $3,852,018 | XML |
| 990 | December 2023 | $737,400 | $1,074,699 | $3,547,110 | XML |
| 990 | December 2022 | $449,004 | $761,376 | $3,876,583 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1922193).
Questions about OPEN BOOK
- What is the EIN of OPEN BOOK?
- The employer identification number (EIN) of OPEN BOOK is 41-1922193.
- Is OPEN BOOK tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to OPEN BOOK tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OPEN BOOK file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OPEN BOOK due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OPEN BOOK last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of OPEN BOOK?
- The 990 for the year ended December 31, 2024 names Barbara Crosby.
- Who are the officers and directors of OPEN BOOK?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does OPEN BOOK have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,362,659, expenses of $1,119,332 and total assets of $3,852,018 at year end.
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All nonprofits in MINNEAPOLIS · Minnesota · Arts, culture and humanities