University of Pennsylvania Press Inc

Nonprofit profile at a glance

EIN
231876142
IRS 990 coverage
2009–2022
Forms available
Form 990 2022
Location
Philadelphia, PA, USA
Phone
2158981670
Rating confidence
Limited
Sector
Printing, Publishing

Official website

Reported finances

Revenue
$0
Expenses
$0
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

15 people listed

People named in this filing

  • Stuart Teacher (Trustee)
  • Todor Grigorov (Trustee)
  • Kate Lee (Trustee)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2022

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. 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. As of 7/1/2022 the Penn Press has merged with the University of Pennsylvania.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 45
  • Accountability: 88
  • Sustainability: NotEnoughData
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 13th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -7.5% per year; rating input score 0; 35th percentile among comparable filings
  • Revenue growth: -3.9% per year; rating input score 0; 49th percentile among comparable filings
  • Asset growth: -9% per year; rating input score 0; 14th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 10 of 10 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 15 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes foreign activity
  • Filing history: 14 filing years from 2009 to 2022
  • Contacts: How to reach this organization
  • Related organizations: 64 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.