2022-10-03T14:22:51-05:00 2021-11-30 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2020-12-01 134081729 THE PARIS REVIEW FOUNDATION INC PARI 2123431333 544 WEST 27TH STREET - 3RD FLOOR NEW YORK NY 10001 MATT HOLT PRESIDENT 2123431333 2022-10-17 1 MATT HOLT XXX-XX-XXXX JENNIFER COATES P02247728 2126972299 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MATT HOLT 544 WEST 27TH STREET - 3RD FLOOR NEW YORK NY 10001 2207260 0 X WWW.THEPARISREVIEW.ORG X 1999 DE 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. 20 20 17 22 177401 0 772044 620575 1549959 1525854 1617 54 41490 60777 2365110 2207260 0 0 0 0 1146165 1295892 0 0 294269 1324566 1329067 2470731 2624959 -105621 -417699 10476544 11397578 1025601 1366778 9450943 10030800 X 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. 0 0 1294130 1557227 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. 547290 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. 106299 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. 1947719 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 57 0 1 17 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X LORI DORR EXECUTIVE DIRECTOR 2123431333 544 WEST 27TH STREET-3RD FLOOR NEW YORK NY 10001 MATTHEW HOLT CO-PRESIDENT 1.00 X X 0 0 0 AKASH SHAH CO-PRESIDENT 1.00 X X 0 0 0 LAWRENCE H GUFFEY TREASURER 1.00 X X 0 0 0 WILLIAM B BEEKMAN SECRETARY 1.00 X X 0 0 0 KWAME ANTHONY APPIAH BOARD MEMBER 1.00 X 0 0 0 JEFFREY EUGENIDES BOARD MEMBER 1.00 X 0 0 0 STEPHEN GAGHAN BOARD MEMBER 1.00 X 0 0 0 LARRY GAGOSIAN BOARD MEMBER 1.00 X 0 0 0 RADHIKA JONES BOARD MEMBER 1.00 X 0 0 0 DODIE KAZANJIAN BOARD MEMBER 1.00 X 0 0 0 JEANNE MCCULLOCH BOARD MEMBER 1.00 X 0 0 0 JOHN MCWHORTER BOARD MEMBER 1.00 X 0 0 0 SANDY GOTHAM MEEHAN BOARD MEMBER 1.00 X 0 0 0 CARL PHILLIPS BOARD MEMBER 1.00 X 0 0 0 SARAH D PLIMPTON BOARD MEMBER 1.00 X 0 0 0 EMMANUEL ROMAN BOARD MEMBER 1.00 X 0 0 0 MONA SIMPSON PUBLISHER 1.00 X 0 0 0 ILEENE SMITH BOARD MEMBER 1.00 X 0 0 0 ROSE STYRON BOARD MEMBER 1.00 X 0 0 0 LIZA WACHTER BOARD MEMBER 1.00 X 0 0 0 EMILY NEMENS EDITOR (TO 3/2021) 40.00 X 152818 0 12744 EMILY STOKES EDITOR (AS OF 5/2021) 40.00 X 0 0 0 LORI DORR EXECUTIVE DIRECTOR 40.00 X 133000 0 184 285818 0 12928 2 0 1 0 THE SHERIDAN PRESS 450 FAME AVENUE HANOVER PA 17331 PRINTING/STORAGE/PUBLICATION FULFILLMENT 284400 STRATEGIC FULFILLMENT GROUP 111 CORPORATE DRIVE BIG SANDY TX 75755 PRINTING/STORAGE/PUBLICATION FULFILLMENT 183845 2 50000 570575 620575 PUBLICATION INCOME 511120 1067845 1067845 ADVERTISING INCOME 541800 177401 177401 MERCHANDISE SALES 511120 125604 125604 ELECTRONIC LICENSES 511120 75000 75000 ESSAY & POETRY FEES 511120 50600 50600 29404 29404 1525854 54 54 MISCELLANEOUS 900099 60777 60777 60777 2207260 1379826 177401 29458 425291 300915 78557 45819 657191 437257 78568 141366 134852 90237 20298 24317 78558 53460 11450 13648 2417 1645 352 420 80767 80767 1080 1080 85509 80466 5043 388347 375643 6470 6234 27275 27275 183024 128425 24907 29692 15042 6126 8916 13767 9368 2007 2392 15951 10855 2325 2771 FULFILLMENT 206967 140139 66828 WRITERS/POETS/ARTISTS F 172087 172087 DESIGN AND PRODUCTION 85458 85458 MISCELLANEOUS 29343 28363 446 534 22033 22033 2624959 1947719 382971 294269 247089 203837 505461 415502 20000 87217 42435 131368 193035 322142 275889 25403 46253 321567 320521 8940106 9937662 218333 218333 10476544 11397578 91080 171823 934521 1194955 1025601 1366778 X 6724931 7067398 2726012 2963402 9450943 10030800 10476544 11397578 -417699 997556 0 X 0 1 X 1 0 X 781806 843674 1025157 772044 620575 4043256 781806 843674 1025157 772044 620575 4043256 1349741 2693515 25278 35973 57155 22958 29458 170822 24598 47907 30777 41490 60777 205549 4419627 7156444 0.60940 0.60100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5175332 574996 5750328 4396110 779222 5175332 3883170 512940 4396110 3914143 -30973 3883170 3381888 532255 3914143 0.48951 0.21028 0.30021 0 0 42365 42365 0 279777 233524 46253 46253 ALTERNATIVE INVESTMENTS 9937662 F 9937662 3203736 997556 997556 2206180 1080 1080 2207260 2623879 0 2623879 1080 1080 2624959 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE USED TO SUPPORT THE FOUNDATION'S OPERATIONS. 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 ALTERNATIVE INVESTMENTS BASED IN THE CAYMAN ISLANDS 9937662 0 0 0 0 0 0 9937662 0 9937662 PLIMPTON PRIZE AWARD 1 10000 0 0 0 0 0 0 PART I, LINE 2: THE PLIMPTON PRIZE IS GIVEN TO AN EMERGING OR PREVIOUSLY UNPUBLISHED WRITER PUBLISHED IN THE PARIS REVIEW. THE EDITORIAL STAFF OF THE PARIS REVIEW GATHERS THE STORIES WRITTEN BY THESE NEW VOICES FROM A YEAR OF ISSUES (SPRING THROUGH WINTER) AND PRESENTS THEM TO THE EDITORIAL BOARD, WHICH SELECTS THE WINNER. PART III ACCOUNTING METHOD: X X X 0 0 0 0 0 0 0 0 0 EMILY NEMENS EDITOR (TO 3/2021) 152818 0 0 0 0 0 0 0 12744 0 165562 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS, AND SUCH MEMBERS ARE NOT DIVIDED INTO CLASSES. THEY HAVE THE RIGHT TO ELECT DIRECTORS, AMEND BY-LAWS AND TAKE ALL SUCH OTHER ACTS THAT MEMBERS ARE ENTITLED TO TAKE UNDER DELAWARE LAW. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS, AND SUCH MEMBERS ARE NOT DIVIDED INTO CLASSES. THEY HAVE THE RIGHT TO ELECT DIRECTORS, AMEND BY-LAWS AND TAKE ALL SUCH OTHER ACTS THAT MEMBERS ARE ENTITLED TO TAKE UNDER DELAWARE LAW. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS HAVE THE RIGHT TO ELECT OR REMOVE DIRECTORS, INCREASE OR DECREASE THE SIZE OF THE BOARD OF DIRECTORS, FILL VACANCIES ON THE BOARD OF DIRECTORS AND AMEND THE BY-LAWS OF THE PARIS REVIEW. IN ADDITION, THE MEMBERS HAVE THE POWER TO TAKE OTHER ACTIONS THAT MEMBERS ARE ENTITLED TO TAKE UNDER DELAWARE LAW OR UNDER THE BY-LAWS OF THE PARIS REVIEW. THE MEMBERS ACT BY THE VOTE OF A MAJORITY OF THE MEMBERS, UNLESS OTHERWISE REQUIRED BY LAW. THE MEMBERS CAN ACT BY WRITTEN CONSENT OF A MAJORITY OF THE MEMBERS UNLESS OTHERWISE REQUIRED BY LAW. FORM 990, PART VI, SECTION B, LINE 11B THE MEMBERS OF THE BOARD OF DIRECTORS REVIEW AND APPROVE THE 990, AND THE PRESIDENT REVIEWS AND APPROVES ALL FINANCIAL RESULTS BEFORE SIGNING. FORM 990, PART VI, SECTION B, LINE 12C AT THE EARLIEST PRACTICABLE TIME AFTER BECOMING AWARE OF AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST ON HIS OR HER OWN PART OR ON THE PART OF A FAMILY MEMBER, EVERY MEMBER OF THE BOARD OF DIRECTORS AND EACH KEY EMPLOYEE MUST DISCLOSE THE EXISTENCE OF THE INTEREST THAT COULD GIVE RISE TO A CONFLICT OF INTEREST. IF THE BOARD OF DIRECTORS OR A COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A COVERED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT MUST INFORM THAT PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THAT PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE PERSON'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OF DIRECTORS OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT MUST TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. AFTER A COVERED PERSON DISCLOSES HIS OR HER INTEREST, HE OR SHE MAY PRESENT AND DISCUSS THE INTEREST, BUT MUST LEAVE THE MEETING OF THE BOARD OR COMMITTEE DURING DELIBERATION AND VOTING. THE POTENTIAL CONFLICT IS REVIEWED BY THE FULL BOARD OF DIRECTORS OR, IF THE TRANSACTION IS UNDER CONSIDERATION BY A COMMITTEE WITH BOARD-DELEGATED POWERS, BY SUCH COMMITTEE. SEVENTY FIVE PERCENT OF ALL DISINTERESTED DIRECTORS ENTITLED TO VOTE ON THE BOARD OR AS PART OF THE BOARD-DELEGATED COMMITTEE, RESPECTIVELY, MUST DETERMINE THAT NO CONFLICT EXISTS IN ORDER FOR THE CONFLICT TO BE CLEARED. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, 75% OF THE DISINTERESTED DIRECTORS OR COMMITTEE MEMBERS ENTITLED TO VOTE MUST DETERMINE THAT THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT AND THAT IT IS FAIR AND REASONABLE. BEGINNING IN FISCAL 2010, EVERY MEMBER OF THE BOARD OF DIRECTORS AND THE EDITOR IN CHIEF IS REQUIRED TO COMPLETE A YEARLY QUESTIONNAIRE DOCUMENTING ORGANIZATIONS IN WHICH HE OR SHE HAS A MATERIAL INTEREST, A CONTROLLING POSITION, OR OF WHICH HE OR SHE IS A DIRECTOR OR OFFICER, AND DISCLOSING WHETHER HE OR SHE HAS ANY MATERIAL INTEREST, DIRECT OR INDIRECT, IN ANY TRANSACTION TO WHICH THE ORGANIZATION WAS OR WILL BE A PARTY. FORM 990, PART VI, SECTION B, LINE 15A IN 2018 WHEN THE BOARD CONDUCTED A PUBLIC SEARCH FOR THE EDITOR OF THE PARIS REVIEW, IT DRAFTED AN UPDATED DESCRIPTION FOR THE ROLE OF THE EDITOR AND COLLECTED INFORMATION ON MARKET PRACTICES FOR COMPENSATION AND PROFESSIONAL DEVELOPMENT. UPON THE APPOINTMENT OF A NEW EDITOR IN 2018, A COMPENSATION PROGRAM WAS PUT IN PLACE WITH A BASE SALARY AND PERFORMANCE COMPENSATION, AS DETERMINED BY THE BOARD LEADERSHIP. THE EDITOR'S TOTAL COMPENSATION IS IN LINE WITH OTHER NOT-FOR-PROFIT, LITERARY AND ARTISTIC ORGANIZATIONS BASED IN NEW YORK. A NEW FORMAL PROFESSIONAL DEVELOPMENT PRACTICE WAS ALSO IMPLEMENTED WITH REGULAR REVIEWS CONDUCTED BY THE CO-PRESIDENTS AND THE PUBLISHER ON BEHALF OF THE BOARD. ALONGSIDE THESE CHANGES, A REVIEW WAS CONDUCTED OF THE COMPENSATION LEVELS (SALARY AND BONUS) OF OTHER SENIOR STAFF AND ADJUSTMENTS WERE MADE TO ALIGN WITH MARKET PRACTICES. THE AFOREMENTIONED PROCESS WAS USED WHEN A NEW EDITOR WAS APPOINTED IN 2021. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.