2024-02-27T14:31:10-07:00 2023-12-31 990 2023-01-01 521436849 HAND PAPERMAKING INC HAND 6514477143 PO Box 50859 Mendota MN 55150 Michael Fallon Executive Director 6514477143 2024-02-27 Michael Fallon 999009999 1 1 11 0 AAL2 2023 2023-04-26 12:10:37Z X Michael Fallon 1786 Sutton Lane Mendota MN 55150 195906 0 X www.handpapermaking.org X 1987 MN Advancing traditional and contemporary ideas in the art of hand papermaking through print and online publications and other educational efforts. 12 12 1 15 0 0 57018 93470 71369 76007 -7933 9642 0 8021 120454 187140 0 0 0 0 80896 82152 0 0 530 44307 46755 125203 128907 -4749 58233 447614 505847 0 0 447614 505847 X Hand Papermaking, Inc. is dedicated to advancing traditional and contemporary ideas in the art of making paper by hand. Through its print and online publications, the nonprofit organization preserves, informs, and inspires, as it celebrates the transformative act of hand papermaking. 0 0 25780 61677 Hand Papermaking magazine and Hand Papermaking Newsletter -- A biannual magazine and quarterly newsletter sent to 750+ subscribers around the US and internationally (to libraries, museums, universities, collectors, and other individuals. 11046 14330 Handmade Paper Portfolios -- Limited-edition collections of handmade paper made by artists from around the US and internationally. 0 0 0 36826 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 MN X X Erik Saarmaa 6514477143 1313 Washington Street Unit 223 Boston MA 02118 Michael Fallon Executive director 40 0 X X 52860 0 0 Marie Bannerot McInerney Chair 3 0 X X 0 0 0 Darin Murphy Vice-Chair 2 0 X X 0 0 0 Erik Saarmaa Treasurer 1 0 X X 0 0 0 Kazuko Hioki Secretary 1 0 X X 0 0 0 Richard Baiano Director 1 0 X 0 0 0 Candy Gonzalez Director 1 0 X 0 0 0 Lisa Haque Director 1 0 X 0 0 0 Kelly Taylor Mitchell Director 1 0 X 0 0 0 Steph Rue Director 1 0 X 0 0 0 Megan Singleton Director 1 0 X 0 0 0 Lynn Sures Director 1 0 X 0 0 0 52860 0 0 0 0 0 0 0 0 0 8021 0 848 84601 0 93470 Magazines and newsletters 511120 61677 61677 0 0 Paper portfolios 511190 14330 14330 0 0 0 0 0 0 76007 9642 9642 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16787 0 8766 8021 0 8021 0 0 0 0 0 0 0 0 0 0 0 0 0 187140 85649 0 8021 0 0 0 0 0 0 0 0 52860 0 52860 0 0 0 0 0 24738 0 24738 0 0 0 0 0 1586 0 1586 0 2968 0 2968 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3215 0 3215 0 3306 0 3306 0 0 0 0 0 0 0 0 0 0 0 0 0 2878 0 2878 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Program costs 36826 36826 0 0 Event costs 530 0 0 530 128907 36826 91551 530 58347 55481 356809 23587 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 32458 426779 0 0 0 0 0 0 0 447614 505847 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 436335 494568 11279 11279 447614 505847 447614 505847 58233 0 0 0 0 0 X 0 0 0 X 38564 46571 401761 41038 93572 621506 0 0 0 0 0 0 0 0 0 0 0 0 38564 46571 401761 41038 93572 621506 388643 232863 2751 5667 6428 -7933 23642 30555 4301 4312 1050 0 0 9663 0 0 0 0 0 0 661724 0 0.35190 0.3672 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32458 384679 9642 0 0 0 426779 41537 0 -9079 0 0 0 32458 35109 0 6428 0 0 0 41537 29942 0 5167 0 0 0 35109 26611 0 3331 0 0 0 29942 1 0 0 0 0 Schedule D, Part V, Line 4 The Hand Papermaking Endowment was first established in 2006 and accepted any size donation. In 2021, Hand Papermaking received, by bequest, a large initial donation from the Beck Whitehead Estate, and upon receiving a final payout from that Estate in 2023 all Whitehead funds were moved into the Hand Papermaking Endowment as a single endowment contribution. Hand Papermaking also hired, in 2023, the Ballast Advisors to manage the funds and provide quarterly reports tracking endowment activity to the organization's board of directors. 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. The Hand Papermaking Endowment is technically a "quasi-endowment" since it was established as a restricted fund by the board of directors who could un-restrict the fund at any time. Fund earnings are unrestricted and may be 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 Finance Committee will determine appropriate benchmarks to measure success of the current investment strategy, reporting results to the full board annually. Annual online auction 16787 0 16787 0 0 0 0 0 8766 0 0 16787 0 16787 0 0 0 0 0 8766 8766 8021 Form 990, Part I, Line 1 Advancing traditional and contemporary ideas in the art of hand papermaking through print and online publications and other educational efforts. Form 990, Part III, Line 1 Hand Papermaking, Inc. is dedicated to advancing traditional and contemporary ideas in the art of making paper by hand. Through its print and online publications, the nonprofit organization preserves, informs, and inspires, as it celebrates the transformative act of hand papermaking. Form 990, Part VI, Section B, Line 11b The organization's 2023 990 form and schedules A, B, D, and G were presented to the full board for review before a full board meeting. The executive director answered questions and concerns from several board member, and on February 24 the board treasurer announced that the full board had unanimously voted to approve the tax form and schedules for filing. Form 990, Part VI, Section B, Line 12c Once per year, usually in conjunction with the orientation of new incoming board members, Hand Papermaking's board of directors reviews the organization's conflict of interest policy, considers any changes 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. Form 990, Part VI, Section B, 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. Form 990, Part VI, Section C, Line 19 Hand Papermaking's governing documents are available to the public through online sources. At GuideStar.org we have posted organizational financials and governing documents, information about current members of the board, board officers, and conflict of interest policy, and 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 records and current nonprofit registration documentation.