Foundation For Cultural Review Inc
- Assets
- $12.1m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 9
- Location
- New York, NY
- Founding
- 03/1982
- Data as of
- 06/2022
- EIN
- 13-3108424
Organization Overview
Foundation For Cultural Review Inc is located in New York, NY. The organization was established in 1982. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Foundation For Cultural Review Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Cultural Review Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Foundation For Cultural Review Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $3.0m during the year ending 06/2022. While expenses have increased by 9.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER, PROMOTE, ENCOURAGE AND FINANCE RESEARCH, DISCUSSION AND PUBLICATION IN THE BROAD FIELD OF CULTURAL, INTELLECTUAL AND AESTHETIC ACTIVITIES, WITH PARTICULAR REFERENCE TO THEIR FUNCTIONING WITHIN THE CONTEXT OF AMERICAN THOUGHT AND LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATION OF "THE NEW CRITERION". APROXIMATELY 10,000 SUBSCRIBERS AND 1,150 OTHER PAID CIRCULATION AS OF 6/30/22. ALL EXPENSES SHOWN IN PART IX RELATE TO THE PUBLICATION OF THE MAGAZINE.
PUBLICATION OF "THE NEW CRITERION". APROXIMATELY 10,000 SUBSCRIBERS AND 1,150 OTHER PAID CIRCULATION AS OF 6/30/22. ALL EXPENSES SHOWN IN PART IX RELATE TO THE PUBLICATION OF THE MAGAZINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Kimball Vice Chairma | Officer | 40 | $284,960 |
James Panero Executive Ed | 40 | $214,076 | |
Christopher Laconi Secretary | Officer | 40 | $0 |
Russell P Pennoyer Treasurer | Officer | $0 | |
James Piereson Chairman | Officer | $0 | |
Erich Eichman Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,200,789 |
| Noncash contributions included in lines 1a–1f | $57,309 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,200,789 |
| Total Program Service Revenue | $419,103 |
| Investment income | $367,345 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,606 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $256,286 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,249,129 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $284,959 |
| Compensation of current officers, directors, key employees. | $113,984 |
| Compensation to disqualified persons | $131,200 |
| Other salaries and wages | $435,319 |
| Pension plan accruals and contributions | $99,043 |
| Other employee benefits | $134,560 |
| Payroll taxes | $54,819 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $65,898 |
| Fees for services: Other | $73,465 |
| Advertising and promotion | $42,269 |
| Office expenses | $413,264 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $121,524 |
| Travel | $43,027 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,286 |
| Insurance | $25,122 |
| All other expenses | $363,578 |
| Total functional expenses | $2,987,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,580,077 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $40,614 |
| Net Land, buildings, and equipment | $34,818 |
| Investments—publicly traded securities | $10,250,445 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $127,868 |
| Other assets | $18,547 |
| Total assets | $12,052,369 |
| Accounts payable and accrued expenses | $40,623 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $55,000 |
| Total liabilities | $95,623 |
| Net assets without donor restrictions | $11,956,746 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,052,369 |
Grants Recieved
Over the last fiscal year, we have identified 25 grants that Foundation For Cultural Review Inc has recieved totaling $1,539,350.
| Awarding Organization | Amount |
|---|---|
Sarah Scaife Foundation Inc Pittsburgh, PA PURPOSE: GENERAL OPERATING SUPPORT | $360,000 |
Lynde And Harry Bradley Foundation Inc Milwaukee, WI PURPOSE: TO SUPPORT THE NEW CRITERION | $225,000 |
Thomas W Smith Foundation Boca Raton, FL PURPOSE: PUBLIC POLICY | $200,000 |
Hickory Foundation Lambertville, NJ PURPOSE: CHARITABLE | $150,000 |
Donors Trust Inc Alexandria, VA PURPOSE: to support The New Criterion | $150,000 |
Gale Foundation Richmond, TX PURPOSE: UNRESTRICTED | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Technology Review Inc Cambridge, MA | $6,822,000 | $19,424,000 |
Project Veritas Mamaroneck, NY | $11,883,753 | $22,034,786 |
Journal Of Bone And Joint Surgery Inc Needham, MA | $35,717,891 | $10,120,492 |
Machon Mashe Rockeach Inc Brooklyn, NY | $2,473,215 | $8,597,419 |
Harpers Magazine Foundation New York, NY | $1,648,663 | $7,386,851 |
Retro Report Inc Mystic, CT | $1,128,827 | $6,590,447 |
The New Press Inc New York, NY | $10,475,881 | $7,017,448 |
National Braille Press Inc Boston, MA | $10,542,006 | $5,176,920 |
Medical Letter Inc New Rochelle, NY | $4,157,236 | $5,090,906 |
University Of Pennsylvania Press Incorporated Philadelphia, PA | $1,805,477 | $4,286,513 |
Harvard Magazine Incorporated Cambridge, MA | $2,271,377 | $3,610,627 |
American Booksellers Assoc Inc White Plains, NY | $43,213,298 | $1,963,902 |