Civic Intelligence

Hand Papermaking Inc.

990 • Fiscal year 2022 • EIN 52-1436849

Jan 01, 2022 to Dec 31, 2022 • Filed on May 12, 2023

PO Box 50859Mendota, MN 55150-0859

(651) 447-7143

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

33rd percentile

-3.9%

Higher net margin than 33% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

92nd percentile

$49,837

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 41.4% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

32nd percentile

-9.4%

Faster asset growth than 32% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-75%

Faster revenue growth than 6% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$447,614

Down $46,286 (-9.4%) from 2021

Net Assets

Down

$447,614

Down $46,286 (-9.4%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Down

$120,454

Down $354,414 (-75%) from 2021

Expenses

Up

$125,203

Up $17,085 (+16%) from 2021

Net Income

Down

-$4,749

Down $371,499 (-101%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0-$200KAssets 2011: $74,762Liabilities 2011: -$488Net Assets 2011: $75,2502011Assets 2012: $84,818Liabilities 2012: $0Net Assets 2012: $84,8182012Assets 2013: $80,423Liabilities 2013: $0Net Assets 2013: $80,4232013Assets 2014: $82,288Liabilities 2014: $0Net Assets 2014: $82,2882014Assets 2015: $87,064Liabilities 2015: $0Net Assets 2015: $87,0642015Assets 2016: $91,062Liabilities 2016: $0Net Assets 2016: $91,0622016Assets 2017: $94,632Liabilities 2017: $0Net Assets 2017: $94,6322017Assets 2018: $94,919Liabilities 2018: $0Net Assets 2018: $94,9192018Assets 2019: $97,762Liabilities 2019: $0Net Assets 2019: $97,7622019Assets 2020: $127,150Liabilities 2020: $0Net Assets 2020: $127,1502020Assets 2021: $493,900Liabilities 2021: $0Net Assets 2021: $493,9002021Assets 2022: $447,614Liabilities 2022: $0Net Assets 2022: $447,6142022Assets 2023: $505,847Liabilities 2023: $0Net Assets 2023: $505,8472023Assets 2024: $531,816Liabilities 2024: $0Net Assets 2024: $531,8162024

Highlighted filing

2022

Assets$447,614
Liabilities$0
Net Assets$447,614

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $117,365Expenses 2011: $108,044Net Income 2011: $9,3212011Revenue 2012: $120,666Expenses 2012: $110,501Net Income 2012: $10,1652012Revenue 2013: $103,383Expenses 2013: $107,778Net Income 2013: -$4,3952013Revenue 2014: $123,430Expenses 2014: $121,565Net Income 2014: $1,8652014Revenue 2015: $124,344Expenses 2015: $118,791Net Income 2015: $5,5532015Revenue 2016: $127,791Expenses 2016: $125,333Net Income 2016: $2,4582016Revenue 2017: $108,053Expenses 2017: $104,221Net Income 2017: $3,8322017Revenue 2018: $125,619Expenses 2018: $98,358Net Income 2018: $27,2612018Revenue 2019: $107,803Expenses 2019: $104,960Net Income 2019: $2,8432019Revenue 2020: $130,204Expenses 2020: $118,065Net Income 2020: $12,1392020Revenue 2021: $474,868Expenses 2021: $108,118Net Income 2021: $366,7502021Revenue 2022: $120,454Expenses 2022: $125,203Net Income 2022: -$4,7492022Revenue 2023: $187,140Expenses 2023: $128,907Net Income 2023: $58,2332023Revenue 2024: $69,298Expenses 2024: $121,186Net Income 2024: -$51,8882024

Highlighted filing

2022

Revenue$120,454
Expenses$125,203
Net Income-$4,749
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 12, 2023
Return Version
2022v5.0
Gross Receipts
$120,454
Mission and Program Overview

Mission

The mission of Hand Papermaking is to advance traditional and contemporary ideas in the art of hand papermaking through publications and other educational formats.

Advancing traditional and contemporary ideas in the art of making paper by hand through print and online publications and other educational efforts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$355,222$356,809▲ $1,587
Cash and Non-Interest-Bearing Accounts$55,604$58,347▲ $2,743
Investments Other Securities$41,537$32,458▼ $9,079
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$452,363$447,614▼ $4,749
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$439,584$436,335▼ $3,249
Net Assets With Donor Restrictions$12,779$11,279▼ $1,500
Total Net Assets Fund Balance$452,363$447,614▼ $4,749
Total Liabilities and Net Assets / Fund Balance$452,363$447,614▼ $4,749

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,129--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$41,537$0▼ $9,079$0$32,458
2021$35,109$0▲ $6,428$0$41,537
2020$29,942$0▲ $5,667$0$35,109
2019$26,611$0▲ $3,251$0$29,942
2018$21,836$0▲ $80$0$26,611
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael FallonExecutive directorFT$49,837$49,837

Board Members and Trustees

NameTitle
Darin MurphyChair
May BabcockVice Chair
Candy GonzalezDirector
Kelly Taylor MitchellDirector
Lisa HaqueDirector
Marie McInerneyDirector
Richard BaianoDirector
Erik Saarmaaco-Treasurer
Jazmine Catasusco-Treasurer
Kazuko HiokiSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$57,018
Program Service Revenue
$71,369
Investment Income
$-7,933
Other Revenue
$0
All Other Contributions
$41,038
Change in Net Assets
$-4,749
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$80,896
Other Expenses$44,307
Total Fundraising Expense$6,810
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$0$49,837$0$49,837
Other Salaries and Wages$2,033$22,956$0$24,989
Payroll Taxes$0$4,574$0$4,574
Travel$0$0$4,327$4,327
Office Expenses$0$3,876$0$3,876
Advertising$2,537$0$759$3,296
Other Employee Benefits$0$0$0$1,496
Information Technology$0$1,000$0$1,000
Conferences and Meetings$0$994$0$994
Total Functional Expenses$33,660$83,237$6,810$125,203
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual online auction$15,980$15,980$1,254$14,726
Event 2$0$0$0$0
Total Events$15,980$15,980$1,254$14,726
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 4

In 2022 the organization reviewed and amended its Mission Statement -- adding revising a few phrases - and attached to it a list of four Guiding Principles.

Part VI, Line 11B

The organization's 2022 990 form and schedules A B D & G were presented to the governing board's membership for review on April 30 2023 at the quarterly full board. The executive director gave guidance to board members on key details to look at on the forms and schedules and answered questions to clarify information on all forms and schedules. Once all board members were satisfied with the information in the forms and schedules the board voted unanimously to approve the forms and schedules for filing.

Part VI, Line 12C

Once each year or so usually in conjunction with the orientation of new incoming members the board of directors reviews the organization's conflict of interest policy considers any change in status among board members discusses any need for amendment or clarification of the policy and reaffirms the conflict of interest policy for another year.

Part VI, Line 15

The governance committee of the board of directors determines compensation for the executive director for each new fiscal year and asks the full board of directors to confirm the annual compensation through a formal vote. Additionally the executive director suggests annual compensation for independent contractors based on market research of compensation for comparable contractors in the organization's region and field. The board of directors formally votes to approve the compensation amounts for independent contractors.

Part VI, Line 19

Hand Papermaking's governing documents are available to the public through online sources. At GuideStar guidestar.org we have posted organizational financials and governing documents i.e. articles of incorporation; information about the current members of the board of directors its leadership practices officers and conflict of interest policy; and basic information about the organization's mission and programs. The following documents are available through the Office of the Minnesota Secretary of State: Original nonprofit incorporation documents and current nonprofit registration documents.

Filing and Contact Details

Filer

Filer Name
Hand Papermaking Inc
EIN
52-1436849
In Care Of
% Michael Fallon
Phone
6514477143
Address
PO BOX 50859, MENDOTA, MN 55150-0859

Signing Officer

Name
Michael Fallon
Title
Executive Director
Signed
2023-05-12
Discuss with paid preparer
No

Organization Details

Formed
1987
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
10
Employees
1
Volunteers
35
Supplemental Narrative

Additional Explanations

Part III, line 3

Hand Papermaking ended its ad sales program in 2022 and added a corporate sponsorship program. In the sponsorship program organizations and companies donated sponsorships funds as a mechanism to support Hand Papermaking and received no goods or services in exchange for the donations beyond being listed in our publications as organizational sponsors. In 2022 therefore Hand Papermaking had no unrelated business income to report.

Financial Statement Notes

Part V, line 4

The Hand Papermaking Endowment was established in 2006. The endowment accepts any size donation. Quarterly reports tracking endowment activity are provided to the organization's board of directors and discussed at quarterly meetings. The fund is managed internally. The primary investment object of the Hand Papermaking Endowment is to produce a rate of return which will permit maximum support for the general fund in a manner that is consistent with the following: prudent management of investments preservation of principal and socially responsible investment practices. Trustees will act in good faith and with the same care any ordinary judicious person in like position would exercise under similar circumstances. Trustees are subject to the organization's Ethics Policy and Conflict-of-Interest Policy. The Hand Papermaking Endowment is technically a "quasi-endowment" since it was established as a restricted fund by the board of directors who in theory could un-restrict the fund at any time such as during a major financial emergency. Fund earnings are unrestricted and transferred annually to the general fund. As a general rule of prudence an amount no greater than 10% of the total market value of the endowment should be distributed in a given calendar year. Assets of the Hand Papermaking Endowment may be invested in equity securities common stocks preferred stocks and convertible securities fixed-income securities debt instruments and short-term investments cash equivalents or mutual funds comprised of these security types. No other securities are permissible investments without the specific approval of the board of directors. The current investment strategy is 60% equity diversified stock portfolio 30% fixed-income US Treasury bond ladder and 10% short-term sweep account. The Finance Committee will determine appropriate benchmarks to measure success of the current investment strategy reporting results to the full board annually.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.32$0.00$5.32$0.69$1.21$0.52
2023Summary only. Only limited summary data is available for this year.$5.06$0.00$5.06$1.87$1.29$0.58
2022Detailed filing. Detailed filing data is available for this year.$4.48$0.00$4.48$1.20$1.25$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.94$0.00$4.94$4.75$1.08$3.67
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.00$1.27$1.30$1.18$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$0.00$0.98$1.08$1.05$0.03
2018Summary only. Only limited summary data is available for this year.$0.95$0.00$0.95$1.26$0.98$0.27
2017Summary only. Only limited summary data is available for this year.$0.95$0.00$0.95$1.08$1.04$0.04
2016Summary only. Only limited summary data is available for this year.$0.91$0.00$0.91$1.28$1.25$0.02
2015Summary only. Only limited summary data is available for this year.$0.87$0.00$0.87$1.24$1.19$0.06
2014Summary only. Only limited summary data is available for this year.$0.82$0.00$0.82$1.23$1.22$0.02
2013Summary only. Only limited summary data is available for this year.$0.80$0.00$0.80$1.03$1.08$0.04
2012Summary only. Only limited summary data is available for this year.$0.85$0.00$0.85$1.21$1.11$0.10
2011Summary only. Only limited summary data is available for this year.$0.75$0.00$0.75$1.17$1.08$0.09