2024-11-06T17:02:21-05:00 2023-12-31 263892168 Anderson & Baxter Ltd 12805 Highway 55 Suite 105 Minneapolis MN 55441 990 2023-01-01 411922193 Open Book OPEN 1011 Washington Ave S STE 2 Minneapolis MN 55415 Vanessa Tennyson Treasurer 6122152572 2024-10-29 true true John E Baxter CPA P00472827 6125007612 2024-11-06 2023 2024-10-15 13:58:12Z 737400 false X www.openbookmn.org X 1998 MN See Schedule O 12 12 9 0 0 29045 100752 372351 534371 19162 71325 28446 30952 449004 737400 0 0 112162 145729 0 0 649214 928970 761376 1074699 -312372 -337299 3876583 3547110 98056 105882 3778527 3441228 See Schedule O 1074699 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 12,000 visitors visit Open Book monthly. 1074699 true true false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 9 true false false false false false false false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true false false false MN X Kellan Christopher 6122152572 1011 Washington Ave S Minneapolis MN 55415 X Elysa Voshell Director 1.00 0.00 X 0 0 0 Sheila Glancy Letscher Director 1.00 0.00 X 0 0 0 Melinda Ward Director 1.00 0.00 X 0 0 0 Susan Lenfestey Director 1.00 0.00 X 0 0 0 Jonathon Gaw Director 1.00 0.00 X 0 0 0 Arleta Little Director 1.00 0.00 X 0 0 0 Daniel Slager Director 1.00 0.00 X 0 0 0 Hema Viswanathan Director 1.00 0.00 X 0 0 0 Mark Evenson Vice Chair 1.00 0.00 X X 0 0 0 Barbara Crosby Chair 1.00 0.00 X X 0 0 0 Vanessa Tennyson Treasurer 1.00 0.00 X X 0 0 0 Shannon Fitzgerald Secretary 1.00 0.00 X X 0 0 0 0 0 0 0 false false false 100752 100752 Rental income 531120 534371 534371 534371 71325 71325 23023 23023 185 185 185 Miscellaneous income 532000 7744 7744 7744 737400 636648 0 0 131071 131071 3605 3605 1458 1458 9595 9595 11700 11700 5113 5113 6080 6080 23642 23642 372769 372769 38297 38297 Repairs and maintenance 206088 206088 Utilities 93631 93631 Real estate taxes 33086 33086 Other expenses 138564 138564 1074699 1074699 0 0 222660 293198 4497 19893 27394 14168 7643218 5023260 2943951 2619958 678081 599893 3876583 3547110 58229 53806 31327 42076 8500 10000 98056 105882 X 3778527 3441228 3778527 3441228 3876583 3547110 -337299 0 X true X false true X 3344 2671 31743 29045 100752 167555 422712 374839 271021 372351 534371 1975294 426056 377510 302764 401396 635123 2142849 129011 98792 85407 267063 432535 1012808 129011 98792 85407 267063 432535 1012808 1130041 44300 38914 32474 43295 94348 253331 44300 38914 32474 43295 94348 253331 300 252 4313 7929 12794 470656 416424 335490 449004 737400 2408974 0.46910 0.57670 0.11000 0.09000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 270000 270000 6008689 4131607 1877082 1191903 790142 401761 172626 101511 71115 2619958 Security deposits 10000 10000 Member election for additional members Part VI line 7a The position of Open Book Chair will be filled by a community member to be elected at the annual Board meeting. The leaders of the three resident nonprofit associations: Milkweed Editions, Inc., The Loft Literary Center, and the MN Center for Book Arts will rotate annually as the Chair of the operations, external relations, and finance committees. Three resident nonprofit organizations: Milkweed Editions, Inc., The Loft Literary Center, and the MN Center for Book Arts are each entitled to elect one Director to the Board at the annual meeting. Form 990 governing body review Part VI line 11 Review and approval of the Form 990 is an agenda item on the first Board meeting following the completion of the Independent Review/Audit. Each Director shall have an opportunity to fully review and approve the Form 990 prior to filing. Conflict of interest policy compliance Part VI line 12c PROCEDURES: A. Prior to board or committee action on a contract or transaction involving a conflict of interest, a director or committee member having a conflict of interest and who is in attendance at the meeting shall disclose all facts material to the conflict of interest. Such disclosure shall be reflected in the minutes of the meeting. B. Director or committee member who plans not to attend a meeting at which he or she has a reason to believe that the board or committee will act on a matter in which the person has a conflict of interest shall disclose to the chair of the meeting all facts material to the conflict of interest. The chair shall report the disclosure at the meeting and the disclosure shall be reflicted in the minutes of the meeting. C. Responsible persons who are not members of the board of directors of Open Book, or who have a conflict of interest with respect to a contract or transaction that is not the subject of board or committee action, shall disclose to the Chair or the Chairs designee any conflict of interest that such responsible person has with respect to a contract or transaction. Such disclosure shall be made as soon as the conflict of interest is known to the responsible person. The responsible person shall refrain from any action that may affect Open Books participation in such contract or transaction. Governing documents etc available to public Part VI line 19 The Organizations financial statements and conflict of interest policy are made available to the public upon request in hard copy or electronic format. The Organizations governing documents are not made available to the public. Audited by an independent accountant Part XII line 2b The process for oversight and selection of an independent accountant has not changed from the prior year. Part VI response or note to any other line in Part VI Form 990, Part VI, Section A, Line 1AThe Executive Committee is comprised of the Officers of the Board: President, Vice Prosident, Secretary, and Treasurer. The Executive Committee shall act during intervals between the meetings of the Board of Directors. During such intervals and subject to the Boards control and direction, the Executive Committee shall have and may exercise all of the authority and powers of the Board of Directors subject to such limitations as the Board may impose from time to time. Unless specifically authorized by the Board of Directors by resolution approved by affirmative vote of a majority of the Directors, the Executive Committee shall not have the authority and power to elect officers, to amend the Articels of Incorporation, Form 990, Part VI, Section A, Line 1A - continuedto adopt a plan of merger or consolidation, to authorize the sale, lease, or other disposition of any substantial portion of the assets of the Corporation, to amend, modify, terminate, or accept the surrender of any occupancy agreement, to authorize a voluntary dissolution of the Corporation or a revocation thereof, or to amend the bylaws. General explanation attachment Mission Statement (Part 1 Line 1)Open Book is a community gathering place dedicated to diverse and dynamic creativity, conversation, and collaboration rooted in the literary and book arts. Open Book provides a stable home for its three founding partner organizations, The Loft Literary Center, Milkweed Editions, and the Minnesota Center for Book Arts; as well as other creative businesses. Mission Statement (Part III Line 1)Open Book is a community gathering place dedicated to diverse and dynamic creativity, conversation, and collaboration rooted in the literary and book arts.