Deep Vellum Publishing Inc

EIN: 463099904 501(c)(3) Arts, Culture & Humanities

Dallas, TX

Total Revenue
$1,536,337
Total Expenses
$1,371,454
Total Assets
$1,003,966
Net Assets
$494,600
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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
TX
Principal Officer
Will Evans
Phone
2149454309
Tax Period
2023-01-01 to 2023-12-31

Deep Vellum Publishing Inc, founded in 2013, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 11% surplus.

Mission

To bring the world into conversation through literature and enhance the open exchange of stories and ideas across cultures.

Program Service Accomplishments

Program 1
Expenses: $1,188,554 Revenue: $539,719

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...

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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.

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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 (2023)

Revenue Breakdown

Contributions & Grants $994,483
Program Service Revenue $44,410
Investment Income $0
Other Revenue $497,444
TOTAL REVENUE $1,536,337

Expense Breakdown

Grants Paid $2,788
Salaries & Benefits $459,994
Fundraising Expenses $39,441
Program Expenses $1,188,554
Other Expenses $908,672
TOTAL EXPENSES $1,371,454

Year-over-Year Comparison

2023 2022 Change
Revenue $1,536,337 $1,158,801 +0.3%
Expenses $1,371,454 $1,187,802 +0.2%
Net Income $164,883 $-29,001 -6.7%
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
13
Volunteers
25

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
5
$80,015
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Will Evans Executive Dir. 40.00
Officer
$72,954 $7,061 $80,015
Linda Mowl President 7.00
Officer Director
$0 $0 $0
Brian Bell Vice-President 5.00
Officer Director
$0 $0 $0
Ron Restrepo Secretary 5.00
Officer Director
$0 $0 $0
Heather Flabiano Treasurer 5.00
Officer Director
$0 $0 $0
Marlo Melucci Director 2.00
Director
$0 $0 $0
Alex Sharma Director 2.00
Director
$0 $0 $0
Jhubin Moghaddamfar Director 2.00
Director
$0 $0 $0
Jerry Hawkins Director 2.00
Director
$0 $0 $0
Steven Kornajcik Director 2.00
Director
$0 $0 $0
Bemnet Meshesha Director 2.00
Director
$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
2024 No data No data No data No data
2023 $1,536,337 $1,371,454 $1,003,966 $164,883
2022 $1,158,801 $1,187,802 $936,264 $-29,001
2021 $1,118,831 $1,088,698 $927,865 $30,133
2020 $364,475 $394,436 $462,447 $-29,961
2020 $354,040 $306,193 $599,827 $47,847
2019 $365,893 $279,246 $186,805 $86,647
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