Harpers Magazine Foundation
- Assets
- $1.6m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 33
- 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 02/2023, Harpers Magazine Foundation employed 33 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 8 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 0.6% 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
990
Mission & Program ActivityExcerpts From the 990 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:
Part 3 - Line 4a
PUBLICATION OF TWELVE MONTHLY ISSUES OF HARPER'S MAGAZINE.
PUBLICATION OF VARIOUS BOOKS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John R Macarthur President, Publisher, Director | OfficerTrustee | 40 | $0 |
Lynn Carlson Treasurer, Vp/gen Manager, | OfficerTrustee | 40 | $269,279 |
Virginia Navarro Secretary | Officer | 40 | $0 |
Giulia Melucci VP Public Relations | 40 | $186,571 | |
Kim Lau Senior Accountant | 40 | $111,106 | |
Christopher Beha Editor | 40 | $116,667 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| 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 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 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 | $0 |
| 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 |
| 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 |
| Total liabilities and net assets/fund balances | -$403,232 |