Harpers Magazine Foundation
- Assets
- $1.6m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 35
- Location
- New York, NY
- Founding
- 05/1981
- Data as of
- 02/2022
- EIN
- 36-3103085
Organization Overview
Harpers Magazine Foundation is located in New York, NY. The organization was established in 1981. 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 02/2022, Harpers Magazine Foundation employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harpers Magazine Foundation 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 02/2022, Harpers Magazine Foundation generated $7.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $7.5m during the year ending 02/2022. While expenses have increased by 0.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING LITERARY WORKS OF EXCELLENCE TO THE GENERAL PUBLIC AND PUBLISHING THE WORKS OF UNKNOWN WRITERS WHO DEMONSTRATE EXCEPTIONAL LITERARY TALENT.
Describe the Organization's Program Activity:
PUBLICATION OF TWELVE MONTHLY ISSUES OF HARPER'S MAGAZINE.
PUBLICATION OF VARIOUS BOOKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Carlson Treasurer, Vp/gen Manager, Trustee | OfficerTrustee | 40 | $261,849 |
Giulia Melucci VP Public Relations | 40 | $181,424 | |
Christopher Beha Editor | 40 | $130,833 | |
Jocelyn Giannini VP Advertising | 40 | $123,870 | |
Shawn Green VP Circulation | 40 | $120,690 | |
Kathryn Humphries Art Director | 40 | $111,650 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,321,417 |
| Investment income | $4,918 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $31,402 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,386,851 |
| 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. | $1,133,516 |
| Compensation of current officers, directors, key employees. | $465,049 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,170,220 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $263,895 |
| Payroll taxes | $179,601 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,334 |
| Fees for services: Accounting | $25,814 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,286 |
| Advertising and promotion | $36,376 |
| Office expenses | $1,029,420 |
| Information technology | $146,156 |
| Royalties | $0 |
| Occupancy | $78,006 |
| Travel | $30,580 |
| 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 | $100,920 |
| Insurance | $53,534 |
| All other expenses | $56,984 |
| Total functional expenses | $7,502,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,889 |
| Savings and temporary cash investments | $184,956 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $120,443 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $95,643 |
| Prepaid expenses and deferred charges | $129,054 |
| Net Land, buildings, and equipment | $757,628 |
| Investments—publicly traded securities | $127,050 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,648,663 |
| Accounts payable and accrued expenses | $273,542 |
| Grants payable | $0 |
| Deferred revenue | $1,530,217 |
| 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 | $248,136 |
| Total liabilities | $2,051,895 |
| Net assets without donor restrictions | -$403,232 |
| 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 | $1,648,663 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Harpers Magazine Foundation has recieved totaling $5,247,900.
| Awarding Organization | Amount |
|---|---|
Roderick Macarthur Foundation Niles, IL PURPOSE: TO SUPPORT THE CONTINUING OPERATIONS OF HARPER'S MAGAZINE | $5,247,900 |
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 |