The Paris Review Foundation Inc
- Assets
- $10.5m
- Revenue
- $2.4m
- Investments
- $8.9m
- Employees
- 17
- Location
- New York, NY
- Founding
- 08/2000
- Data as of
- 11/2020
- EIN
- 13-4081729
Organization Overview
The Paris Review Foundation Inc is located in New York, NY. The organization was established in 2000. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 11/2021, Paris Review Foundation Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paris Review Foundation 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 11/2020, Paris Review Foundation Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $2.5m during the year ending 11/2020. While expenses have increased by 4.4% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO FOSTER THE DEVELOPMENT OF CREATIVE INDIVIDUALS AS WRITERS AND ARTISTS AND TO PROMOTE PUBLIC APPRECIATION OF EXCELLENCE IN THE LITERARY AND GRAPHIC ARTS, BY PUBLISHING A MAGAZINE CONTAINING FICTION, POETRY, ESSAYS, REPRODUCTIONS OF GRAPHIC ART, AND INTERVIEWS WITH WRITERS AND ARTISTS REGARDING THEIR WORK, BY PUBLISHING AND FOSTERING THE PUBLICATION OF COLLECTIONS OF SUCH WORKS, BY FOSTERING THE PUBLICATION OF LITERARY AND GRAPHIC WORKS AS BOOKS, FILMS OR OTHER FORMS, AND BY OTHER ACTIVITIES THAT FURTHER THESE GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATION OF THE PARIS REVIEW:IN FISCAL 2021, THE MOST SIGNIFICANT ACTIVITY OF THE PARIS REVIEW FOUNDATION WAS THE PUBLICATION OF THREE ISSUES OF THE PARIS REVIEW, EACH OF WHICH REACHED AN AVERAGE OF 28,307 SUBSCRIBERS AND PURCHASERS OF SINGLE ISSUES.
WEB ACTIVITIES:DURING FISCAL 2021, THE PARIS REVIEW WEBSITE RECEIVED A TOTAL OF 10,083,774 PAGE VIEWS, 8,968,176 UNIQUE PAGE VIEWS, AND 5,458,702 UNIQUE VISITORS. THE DAILY IS UPDATED ONCE OR TWICE A DAY.
EVENTS:IN THE FISCAL YEAR OF 2021, DESPITE THE ONGOING CHALLENGES OF THE PANDEMIC, THE PARIS REVIEW FOUNDATION HELD ELEVEN VIRTUAL EVENTS AND ONE IN-PERSON EVENT. THE ELEVEN VIRTUAL EVENTS WERE LIVE OR PRE-RECORDED AND INCLUDED ISSUE LAUNCHES, AUTHOR CONVERSATIONS, A CELEBRATION OF OUR 2021 PLIMPTON PRIZE WINNER, WINE TASTINGS THAT ACCOMPANY A COLUMN ABOUT FOOD IN LITERATURE, AND MORE. AUTHORS FEATURED IN THESE EVENTS INCLUDED KIRK LYNN, YOHANCA DELGADO, TRACIE MORRIS, OCEAN VUONG, ELOGHOSA OSUNDE, M. SCOTT MOMADAY, AND OTHERS. OUR IN-PERSON EVENT WAS A GROUP READING OF A GARY INDIANA NOVEL BY GARY INDIANA AND FRIENDS AND CO-HOSTED WITH PIONEER WORKS IN BROOKLYN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Nemens Editor (to 3/2021) | Officer | 40 | $152,818 |
Lori Dorr Executive Director | Officer | 40 | $133,000 |
Matthew Holt Co-President | OfficerTrustee | 1 | $0 |
Lawrence H Guffey Treasurer | OfficerTrustee | 1 | $0 |
William B Beekman Secretary | OfficerTrustee | 1 | $0 |
Akash Shah Co-President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Sheridan Press Printing/storage/publication Fulfillment | 11/29/21 | $284,400 |
Strategic Fulfillment Group Printing/storage/publication Fulfillment | 11/29/21 | $183,845 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $772,044 |
| Investment income | $1,300 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $317 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,365,110 |
| Statement of Expenses | |
|---|---|
| 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. | $321,781 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $639,370 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $113,822 |
| Payroll taxes | $71,192 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,077 |
| Fees for services: Accounting | $73,199 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $54,667 |
| Office expenses | $407,921 |
| Information technology | $40,554 |
| Royalties | $0 |
| Occupancy | $174,719 |
| Travel | $13,224 |
| 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 | $35,085 |
| Insurance | $16,259 |
| All other expenses | $0 |
| Total functional expenses | $2,470,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,089 |
| Savings and temporary cash investments | $505,461 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $87,217 |
| 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 | $131,368 |
| Investments—publicly traded securities | $321,567 |
| Investments—other securities | $8,940,106 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $218,333 |
| Total assets | $10,476,544 |
| Accounts payable and accrued expenses | $91,080 |
| Grants payable | $0 |
| Deferred revenue | $934,521 |
| 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 | $0 |
| Total liabilities | $1,025,601 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $9,450,943 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Paris Review Foundation Inc has recieved totaling $423,250.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Arts & Culture | $200,000 |
Guffey Family Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $189,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $22,250 |
Bernard F Conners Foundation 102000b Latham, NY PURPOSE: CHARITABLE CONTRIBUTION | $7,000 |
J M Kaplan Fund Inc New York, NY PURPOSE: THE ART OF POETRY: INTERVIEWS FROM THE PARIS REVIEW (TENTATIVELY) | $5,000 |
Endowment Analysis
| Beg. Balance | $5,175,332 |
| Earnings | $574,996 |
| Ending Balance | $5,750,328 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Yeshiva Ktana Of Passaic Passaic, NJ | $33,764,196 | $20,538,079 |
Cambridge School Of Weston Inc Weston, MA | $57,046,494 | $20,616,161 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Yeshivat Heatid Inc Teaneck, NJ | $17,160,980 | $19,921,065 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Peck School Morristown, NJ | $71,516,691 | $18,101,005 |