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 11/2023, Paris Review Foundation Inc employed 20 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 11/2023, Paris Review Foundation Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $3.4m during the year ending 11/2023. While expenses have increased by 7.6% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
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:
PUBLICATION OF THE PARIS REVIEW:IN FISCAL 2023, THE MOST SIGNIFICANT ACTIVITY OF THE PARIS REVIEW FOUNDATION WAS THE PUBLICATION OF FOUR ISSUES OF THE PARIS REVIEW, EACH OF WHICH REACHED AN AVERAGE OF 27,773 SUBSCRIBERS AND PURCHASERS OF SINGLE ISSUES.
WEB ACTIVITIES:DURING FISCAL 2023,THE PARIS REVIEW WEBSITE RECEIVED A TOTAL OF 9,626,652 PAGE VIEWS AND 5,143,929 VISITORS. THE DAILY IS UPDATED ONCE A DAY.
EVENTS AND PROGRAMMING:IN FISCAL YEAR 2023, THE PARIS REVIEW FOUNDATION HELD TEN EVENTS TO BRING WRITERS, ARTISTS, AND READERS TOGETHER. IN APRIL, WE HELD THE ANNUAL SPRING REVEL FUNDRAISER AND AWARDS CEREMONY, PRESENTING PRIZES TO THE WRITERS VIVIAN GORNICK, ISHION HUTCHINSON, AND HARRIET CLARK. IN JUNE, SEPTEMBER, AND DECEMBER, RESPECTIVELY, WE HELD LAUNCH CELEBRATIONS FOR NEW QUARTERLY ISSUES. IN JANUARY, WE CO-HOSTED A SCREENING WITH METROGRAPH CINEMA OF MARIA LVAREZ'S DOCUMENTARY, "EL TIEMPO PERDIDO", AN ODE TO MARCEL PROUST AND TO THE BUENOS AIRES BOOK CLUB DEVOTED TO HIS MASTERPIECE, "IN SEARCH OF LOST TIME." IN FEBRUARY, WE CO-HOSTED A READING AND CONVERSATION BETWEEN WINTER ISSUE CONTRIBUTORS VICTORIA CHANG, C. S. GISCOMBE, TIMMY STRAW AND PARIS REVIEW POETRY EDITOR, SRIKANTH REDDY AT THE MORGAN LIBRARY AND MUSEUM. IN SEPTEMBER, WE CO-HOSTED AN EVENT WITH THE ARMORY SHOW TO SHOWCASE THE PARIS REVIEW EDITIONS PRINT SERIES AND INTRODUCE SAM MCKINNISS'S NEWEST ADDITION TO IT. IN OCTOBER, WE HAD A BOOTH AT THE IFPDA PRINT FAIR--THE LARGEST INTERNATIONAL ART FAIR DEDICATED TO PRINTS AND PRINTMAKING--TO SHOWCASE SELECT EDITIONS FROM THE PARIS REVIEW PRINT SERIES, AND WE HAD A BOOTH AT THE BROOKLYN BOOK FESTIVAL. IN NOVEMBER, WE CO-HOSTED A GATHERING WITH THE METROPOLITAN OPERA--FEATURING SPECIAL GUESTS ANTHONY DAVIS AND THULANI DAVIS, COMPOSER AND LIBRETTIST, RESPECTIVELY, OF "X: THE LIFE AND TIMES OF MALCOLM X."
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Matthew Holt President | OfficerTrustee | 1 | $0 |
Lawrence H Guffey Treasurer | OfficerTrustee | 1 | $0 |
William B Beekman Secretary | OfficerTrustee | 1 | $0 |
Kwame Anthony Appiah Board Member | Trustee | 1 | $0 |
Jeffrey Eugenides Board Member | Trustee | 1 | $0 |
Stephen Gaghan Board Member | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Prolific Graphics Inc Printing | 11/29/23 | $331,256 |
Strategic Fulfillment Group Storage/publication Fulfillment | 11/29/23 | $259,287 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $954,971 |
Related organizations | $0 |
Government grants | $10,000 |
All other contributions, gifts, grants, and similar amounts not included above | $343,394 |
Noncash contributions included in lines 1a–1f | $49,628 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,308,365 |
Total Program Service Revenue | $1,673,482 |
Investment income | $37,527 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $97,042 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $442,705 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $113,256 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,754,518 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $25,000 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $422,119 |
Compensation of current officers, directors, key employees. | $80,235 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $733,550 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $240,530 |
Payroll taxes | $79,114 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $96,505 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $90,605 |
Advertising and promotion | $21,620 |
Office expenses | $633,010 |
Information technology | $33,366 |
Royalties | $0 |
Occupancy | $217,003 |
Travel | $32,286 |
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 | $17,307 |
Insurance | $18,276 |
All other expenses | $30,777 |
Total functional expenses | $3,426,931 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $705,732 |
Savings and temporary cash investments | $102,759 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $117,529 |
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 | $216,516 |
Net Land, buildings, and equipment | $32,371 |
Investments—publicly traded securities | $387,338 |
Investments—other securities | $9,056,220 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $693,630 |
Total assets | $11,312,095 |
Accounts payable and accrued expenses | $144,541 |
Grants payable | $0 |
Deferred revenue | $973,522 |
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 | $481,561 |
Total liabilities | $1,599,624 |
Net assets without donor restrictions | $7,009,502 |
Net assets with donor restrictions | $2,702,969 |
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 | $11,312,095 |