2023-11-15T16:08:57-06:00 2022-12-31 113118865 ZAPKEN & LOEB LLP 3 CROSSWAYS PARK DRIVE WEST WOODBURY NY 11797 990 2022-01-01 133120824 APERTURE FOUNDATION INC APER 2125055555 548 WEST 28TH STREET 4TH FLOOR NEW YORK NY 10001 SARAH MEISTER EXECUTIVE DIR. 5168225000 2023-11-15 1 SARAH MEISTER XXX-XX-XXXX 1 STEVEN BANDINI CPA P00035877 5168225000 2023-11-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SARAH MEISTER 548 WEST 28TH STREET 4TH FLOOR NEW YORK NY 10001 9356830 0 X APERTURE.ORG X 1982 NY PUBLICATION OF BOOKS, MAGAZINES, AND MAINTENANCE OF AN ART GALLERY FOR THE PURPOSE OF PROMOTING AN APPRECIATION OF PHOTOGRAPHY & VISUAL ARTS. 27 27 53 0 536661 0 2738134 2867403 560234 548877 601 10763 3606897 3850948 6905866 7277991 0 0 0 0 3436206 3448589 0 0 1034355 2563122 3750698 5999328 7199287 906538 78704 9605645 15580879 3003643 8903679 6602002 6677200 PUBLICATION OF BOOKS, MAGAZINES, AND MAINTENANCE OF AN ART GALLERY FOR THE PURPOSE OF PROMOTING AN APPRECIATION OF PHOTOGRAPHY & VISUAL ARTS. 0 0 4520048 PUBLICATION OF BOOKS AND MAGAZINES AND MAINTENANCE OF ART GALLERY FOR THE PURPOSE OF PROMOTING APPRECIATION OF PHOTOGRAPHY AND VISUAL ARTS 4520048 1 1 0 0 0 0 0 1 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 201 0 1 53 1 1 1 0 0 0 1 1 1 1 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 1 1 0 NY X MARY COLMAN ST JOHN 2125055555 548 WEST 28TH STREET 4TH FLOOR NEW YORK NY 10001 VASANT NAYAK TRUSTEE 0.00 X 0 0 0 TOM SCHIFF TRUSTEE 0.00 X 0 0 0 STUART COOPER TRUSTEE 0.00 X 0 0 0 STEPHEN NICHOLAS TRUSTEE 0.00 X 0 0 0 SARAH MEISTER EXECUTIVE DIR. 40.00 X X 250000 0 819 PHILLIPPE LAUMONT TRUSTEE 0.00 X 0 0 0 PETER BARBUR TRUSTEE 0.00 X 0 0 0 MICHAEL HOEH TRUSTEE/TREAS 0.00 X X 0 0 0 MELISSA O'SHAUGHNESSY TRUSTEE 0.00 X 0 0 0 LYLE ASHTON HARRIS TRUSTEE 0.00 X 0 0 0 LISA ROSENBLUM TRUSTEE 0.00 X 0 0 0 LINDSAY MCCRUM TRUSTEE 0.00 X 0 0 0 KWAME BRATHWAITE TRUSTEE 0.00 X 0 0 0 KENNETH MONTAGUE TRUSTEE 0.00 X 0 0 0 KATE CORDSEN TRUSTEE 0.00 X 0 0 0 JULIA JOERN TRUSTEE 0.00 X 0 0 0 JOEL MEYEROWITZ TRUSTEE 0.00 X 0 0 0 HELEN NITKIN TRUSTEE 0.00 X 0 0 0 ELIZABETH KAHANE TRUSTEE 0.00 X 0 0 0 ELAINE GOLDMAN TRUSTEE 0.00 X 0 0 0 DEBORAH WILLIS TRUSTEE 0.00 X 0 0 0 DAWOUD BEY TRUSTEE 0.00 X 0 0 0 COLETTE VEASEY-CULLORS TRUSTEE 0.00 X 0 0 0 CATHY KAPLAN TTEE/CHAIRMAN 0.00 X X 0 0 0 CASEY WEYAND TRUSTEE 0.00 X 0 0 0 ANDREW E LEWIN TRUSTEE 0.00 X 0 0 0 ALLAN CHAPIN TRUSTEE/SECY 0.00 X X 0 0 0 MARY COLMAN ST JOHN CFO 40.00 X 153837 0 9708 KELLIE MCLAUGHLIN EMPLOYEE 40.00 X 103452 0 18016 MICHAEL FAMIGHETTI EMPLOYEE 40.00 X 103452 0 17904 610741 0 46447 4 0 1 0 0 225097 544545 2097761 2867403 SUBSCRIPTIONS 548877 548877 548877 5763 5763 5000 0 5000 5000 5000 696655 225097 290049 406606 406606 4481481 1788790 2692691 2692691 ADVERTISING 541800 536661 536661 IMAGE EQUITY FUND 104000 104000 COMPETITION ENTRY FEES 45945 45945 65045 65045 751651 7277991 3246568 536661 627359 X 610741 610741 2237008 1218473 490199 528336 352249 352249 248591 163098 39095 46398 22127 22127 28000 28000 352671 149289 83457 119925 28890 28890 32281 23406 4032 4843 131909 37657 86461 7791 628966 628966 344392 249684 43049 51659 48983 15138 32973 872 1681 1681 128705 128705 86752 86752 49235 27585 15943 5707 POSTAGE 258501 251203 5628 1670 SPECIAL EVENTS & ANNUAL 197255 7360 189895 COMMISSIONS & FEES 186032 186032 LOSS ON WRITEDOWN OF IN 176344 176344 1047974 744501 226214 77259 7199287 4520048 1644884 1034355 3382259 580108 734856 293925 994884 941339 746220 1684387 1998648 142788 207973 11180392 1834549 93422 9345843 11001 6640 0 1815828 2206403 9605645 15580879 1058595 1564442 5807696 544546 500000 1400502 1031541 3003643 8903679 X 2124606 5112779 4477396 1564421 6602002 6677200 9605645 15580879 78704 -3506 0 X 0 1 X 1 0 X 3210025 4463358 1913058 2193588 2322857 14102886 5245576 4852146 5592796 5082002 5141348 25913868 924537 650351 333898 487486 696655 3092927 9380138 9965855 7839752 7763076 8160860 43109681 3241556 2055597 1298846 1028761 1177604 8802364 1255979 942 1256921 3241556 3311576 1299788 1028761 1177604 10059285 33050396 40 17148 5765 601 5763 29317 40 17148 5765 601 5763 29317 9380178 9983003 7845517 7763677 8166623 43138998 0.76610 0.76710 0.00070 0.00060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 54208 54208 9209137 159977 9049160 1917047 1674572 242475 9345843 SECURITY DEPOSIT 24611 ARTWORK OBTAINED BY GIFT OR BEQUEST 1083077 ERC RECEIVABLE 701740 OPERATING LEASE RIGHT OF USE ASSET 396975 2206403 DEFERRED INCOME 488897 RESERVE FOR RETURNS 146526 OPERATING LEASE LIABILITY - CURRENT 305630 OPERATING LEASE LIABILITY - NON-CURRENT 90488 1031541 X 9513324 -3507 2238840 2235333 7277991 0 7277991 9438127 2238840 2238840 7199287 0 7199287 PART III, LINE 4: COLLECTIONS ARE MAINTAINED TO SUPPORT THE ORGANIZATION'S MISSION OF PROMOTING AN APPRECIATION OF PHOTOGRAPHY AND VISUAL ARTS. PART X, LINE 2: PURSUANT TO THE ACCOUNTING GUIDANCE CONCERNING PROVISIONS FOR UNCERTAIN INCOME TAX POSITIONS CONTAINED IN THE FINANCIAL ACCOUNTING STANDARDS BOARD'S ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740-10, MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE AND ACCORDINGLY, NO PROVISION HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS FOR ANY FEDERAL TAXES. THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2019 PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,788,791. FUNDRAISING DIRECT EXPENSES 290,049. PLEDGE RECEIVABLE ADJUSTMENT 160,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,788,791. FUNDRAISING DIRECT EXPENSES 290,049. PLEDGE RECEIVABLE ADJUSTMENT 160,000. X X X X X X X 1 INTERIM SOLUTIONS 142 WEST END AVE NEW YORK NY 10023 DEVELOP FUNDRAISING EFFORTS AND PLANNING 0 0 128400 -128400 128400 -128400 NY ANNUAL BENEFIT 921752 225097 696655 124498 71448 4997 89108 921752 225097 696655 124498 71448 4997 89108 290051 406604 X X X X 0 0 0 0 0 0 0 0 0 SARAH MEISTER EXECUTIVE DIR. 250000 0 0 0 0 0 0 0 819 0 250819 0 0 0 MARY COLMAN ST JOHN CFO 153837 0 0 0 0 0 0 0 9708 0 163545 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - FORM 990 REVIEW CONDUCTED BY EXECUTIVE DIRECTOR, CFO & AUDIT COMMITTEE FORM 990, PART VI, SECTION B, LINE 15 IN 2020, THE BOARD ENGAGED A RECRUITING FIRM TO HIRE A NEW EXECUTIVE DIRECTOR TO REPLACE CHRIS BOOT, WHO RETIRED IN APRIL 2021. THE RECRUITING FIRM HELPED WITH THE SEARCH, REVIEWED APPLICATIONS, AND PROVIDED COMPARABLE COMPENSATION TO HELP ESTABLISH COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 INFORMATION AVAILABLE UPON REQUEST FORM 990, PART IX, LINE 24E EXHIBITS: PROGRAM SERVICE EXPENSES 136,402. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 136,402. PERIODICAL MAILING: PROGRAM SERVICE EXPENSES 134,332. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 134,332. BANK & CREDIT CARD CHARGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 102,112. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 102,112. TRADE SHOWS: PROGRAM SERVICE EXPENSES 98,197. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 98,197. PRIZES: PROGRAM SERVICE EXPENSES 94,508. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 94,508. LECTURES: PROGRAM SERVICE EXPENSES 73,992. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 73,992. PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 54,750. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 54,750. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 42,652. MANAGEMENT AND GENERAL EXPENSES 11,951. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 54,603. EDUCATION: PROGRAM SERVICE EXPENSES 50,003. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50,003. CATALOGS & DIRECT MAIL: PROGRAM SERVICE EXPENSES 33,447. MANAGEMENT AND GENERAL EXPENSES 5,786. FUNDRAISING EXPENSES 4,567. TOTAL EXPENSES 43,800. TELEPHONE: PROGRAM SERVICE EXPENSES 29,053. MANAGEMENT AND GENERAL EXPENSES 5,009. FUNDRAISING EXPENSES 6,011. TOTAL EXPENSES 40,073. MEMBERSHIPS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 35,491. TOTAL EXPENSES 35,491. UTILITIES: PROGRAM SERVICE EXPENSES 19,570. MANAGEMENT AND GENERAL EXPENSES 3,374. FUNDRAISING EXPENSES 4,049. TOTAL EXPENSES 26,993. REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 16,017. MANAGEMENT AND GENERAL EXPENSES 2,762. FUNDRAISING EXPENSES 3,314. TOTAL EXPENSES 22,093. FOREIGN EXCHANGE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 16,908. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,908. EQUIPMENT: PROGRAM SERVICE EXPENSES 10,862. MANAGEMENT AND GENERAL EXPENSES 1,873. FUNDRAISING EXPENSES 2,247. TOTAL EXPENSES 14,982. DEVELOPMENT EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,592. FUNDRAISING EXPENSES 10,081. TOTAL EXPENSES 12,673. DUES & SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 1,017. MANAGEMENT AND GENERAL EXPENSES 220. FUNDRAISING EXPENSES 11,121. TOTAL EXPENSES 12,358. CONDO FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 6,819. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,819. VAULT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 6,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,000. ARCHIVE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,874. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,874. CONSIGNMENT: PROGRAM SERVICE EXPENSES 2,620. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,620. BAD DEBTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,159. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,159. SECURITY: PROGRAM SERVICE EXPENSES 1,009. MANAGEMENT AND GENERAL EXPENSES 174. FUNDRAISING EXPENSES 209. TOTAL EXPENSES 1,392. TAXES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 710. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 710. RESEARCH: PROGRAM SERVICE EXPENSES 455. MANAGEMENT AND GENERAL EXPENSES 78. FUNDRAISING EXPENSES 94. TOTAL EXPENSES 627. RELOCATION: PROGRAM SERVICE EXPENSES 365. MANAGEMENT AND GENERAL EXPENSES 63. FUNDRAISING EXPENSES 75. TOTAL EXPENSES 503.