University of Pennsylvania Press Inc

EIN: 231876142 501(c)(3)

Philadelphia, PA

Total Revenue
$4,237,660
Total Expenses
$4,182,792
Total Assets
$1,910,965
Net Assets
$1,251,012
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1890
Legal Domicile
PA
Principal Officer
Mary Francis
Phone
2158981670
Tax Period
2021-07-01 to 2022-06-30

University of Pennsylvania Press Inc, founded in 1890, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2021.

Mission

Scholarly Publishing. The University of Pennsylvania Press is a member of the Association of University Presses. The Press now publishes upwards of 100 new books and journals a year with an active backlist of more than 3500 titles.

Program Service Accomplishments

Program 1
Expenses: $3,401,342 Revenue: $2,843,740

The University of Pennsylvania Press, Inc. (Penn Press) is a Pennsylvania nonprofit corporation, and is a wholly owned subsidiary of the University of Pennsylvania. Its mission is to disseminate and...

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The University of Pennsylvania Press, Inc. (Penn Press) is a Pennsylvania nonprofit corporation, and is a wholly owned subsidiary of the University of Pennsylvania. Its mission is to disseminate and publish scholarly and academic books, treatises, and other publications of serious literary, scientific or educational merit in conjunction with the University of Pennsylvania. Its primary aim is to maintain a publishing program that is influential and innovative, and that addresses the needs of scholars, teachers, students, professionals, and the broader community of readers.Since its inception in 1890, Penn Press has published many scholarly and influential books. It still has over 3500 titles on its active back list and publishes approximately one hundred new titles annually. One of the Press's earliest publications, The Philadelphia Negro by W.E.B. DuBois, is still considered a landmark in the study of black problems and pernicious and persistent effects of racism. Books published by the Penn Press regularly win prizes in their fields of scholarship. Many others are successful in making the work of scholars and researchers accessible to the lay person. For the fiscal year ended June 30, 2022, the Press published 113 new titles and has 2,204 total titles currently in print. In addition, they have over 3,600 backlist titles, which are digitized.The Press serves over 500 customers, wholesale and retail, including college bookstores in all regions of the country.The Press does not receive regular grants from any foundation. Revenues are generated from the sale of books. The University of Pennsylvania provided an annual operating subvention of $803,633 and donated the use of facilities of $274,000 in the fiscal year ended June 30, 2022.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $928,628
Program Service Revenue $2,843,740
Investment Income $0
Other Revenue $465,292
TOTAL REVENUE $4,237,660

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,019,504
Fundraising Expenses $0
Program Expenses $3,401,342
Other Expenses $2,163,288
TOTAL EXPENSES $4,182,792

Year-over-Year Comparison

2021 2020 Change
Revenue $4,237,660 $4,286,513 0.0%
Expenses $4,182,792 $4,351,506 0.0%
Net Income $54,868 $-64,993 -1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
19

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$663,739
Total Directors
12
$25,217,284
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Amy Gutmann Ex Officio 1.00
Director
$0 $67,892 $22,889,627
Wendell Pritchett Prvst, Int. Prs 40.00
Director
$0 $126,476 $1,129,898
Beth Winkelstein Int. Provost 40.00
Director
$0 $34,807 $610,463
Eve Troutt Powell Ex-Officio, FEB 1.00
Director
$0 $52,047 $341,488
Paul Saint-Amour Ex Officio 40.00
Director
$0 $50,173 $245,808
Mary Francis Director 40.00
Officer
$0 $36,597 $215,378
Laura Waldron Ex Marketing Dr 40.00
Officer
$0 $33,797 $122,338
Joseph G Guttman Business Mgr. 40.00
Officer
$0 $30,763 $116,407
Elizabeth M Glover Production Mgr. 40.00
Officer
$0 $16,484 $106,362
Walter Biggins Editor-in-Chief 40.00
Officer
$0 $13,945 $103,254
Stuart Teacher Trustee 1.00
Director
$0 $0 $0
Todor Grigorov Trustee 1.00
Director
$0 $0 $0
Kate Lee Trustee 1.00
Director
$0 $0 $0
Franklyn L Rodgers Trustee 1.00
Director
$0 $0 $0
Richard Vague Chairman 1.00
Director
$0 $0 $0
Daniel Gordon Trustee 1.00
Director
$0 $0 $0
Brendan Cahill Trustee 1.00
Director
$0 $0 $0
Clint Kimberling Marketing Dir. 40.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $4,237,660 $4,182,792 $1,910,965 $54,868
2022 No data No data No data No data
2021 $4,286,513 $4,351,506 $1,805,477 $-64,993
2020 $3,961,976 $4,195,199 $1,863,072 $-233,223
2019 $6,670,089 $8,229,016 $2,065,818 $-1,558,927
2018 $4,317,034 $4,831,506 $5,599,644 $-514,472
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