2021-12-01T13:12:03-06:00 2020-12-31 113118865 ZAPKEN & LOEB LLP 3 CROSSWAYS PARK DRIVE WEST WOODBURY NY 11797 990 2020-01-01 133120824 APERTURE FOUNDATION INC APER 2125055555 548 WEST 28TH STREET 4TH FLOOR NEW YORK NY 10001 SARAH MEISTER EXECUTIVE DIR. 5168225000 2021-11-15 1 SARAH MEISTER XXX-XX-XXXX JEFFREY ISAACSON P00569585 5168225000 2021-11-30 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z SARAH MEISTER 548 WEST 28TH STREET 4TH FLOOR NEW YORK NY 10001 8063582 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 25 40 0 218065 0 4463358 1913058 506491 507908 69898 5765 3331533 3866357 8371280 6293088 0 0 0 0 2698083 2898584 0 0 1048004 4358256 3693870 7056339 6592454 1314941 -299366 8676437 8581551 2683982 2885259 5992455 5696292 PUBLICATION OF BOOKS, MAGAZINES, AND MAINTENANCE OF AN ART GALLERY FOR THE PURPOSE OF PROMOTING AN APPRECIATION OF PHOTOGRAPHY & VISUAL ARTS. 0 0 4335946 PUBLICATION OF BOOKS AND MAGAZINES AND MAINTENANCE OF ART GALLERY FOR THE PURPOSE OF PROMOTING APPRECIATION OF PHOTOGRAPHY AND VISUAL ARTS 4335946 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 1 111 0 1 40 1 1 1 0 0 0 1 1 1 1 0 0 0 0 X 27 25 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 TOM SCHIFF TRUSTEE 0.00 X 0 0 0 HEMANT KANAKIA 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 DAWOUD BEY TRUSTEE 0.00 X 0 0 0 SARAH GORE REEVES TRUSTEE 0.00 X 0 0 0 MELISSA O'SHAUGHNESSY TRUSTEE 0.00 X 0 0 0 PETER BARBUR TRUSTEE 0.00 X 0 0 0 ALLAN CHAPIN TRUSTEE 0.00 X 0 0 0 JOEL MEYEROWITZ TRUSTEE 0.00 X 0 0 0 ELAINE GOLDMAN TRUSTEE 0.00 X 0 0 0 NION MCEVOY TRUSTEE 0.00 X 0 0 0 CATHY KAPLAN TTEE/CHAIRMAN 0.00 X X 0 0 0 SARAH MCNEAR TRUSTEE 0.00 X 0 0 0 ANNE STARK LOCHER TRUSTEE 0.00 X X 0 0 0 STUART COOPER TRUSTEE 0.00 X 0 0 0 ANDREW E LEWIN TRUSTEE 0.00 X 0 0 0 JESSICA NAGLE TRUSTEE 0.00 X 0 0 0 MICHAEL HOEH TRUSTEE/TREAS 0.00 X X 0 0 0 STEPHEN NICHOLAS TRUSTEE 0.00 X 0 0 0 VASANT NAYAK TRUSTEE 0.00 X 0 0 0 LISA ROSENBLUM TRUSTEE 0.00 X 0 0 0 JULIA JOERN TRUSTEE 0.00 X 0 0 0 PHILLIPPE LAUMONT TRUSTEE 0.00 X 0 0 0 KATE CORDSEN TRUSTEE 0.00 X 0 0 0 CHRIS BOOT EXECUTIVE DIR. 40.00 X 254522 0 25557 MARY COLMAN ST JOHN CFO 40.00 X 120406 0 19506 374928 0 45063 2 0 1 0 0 20285 1892773 1913058 SUBSCRIPTIONS 507908 507908 507908 5765 5765 333898 20285 27707 306191 306191 4998232 1742787 3255445 3255445 ADVERTISING 541800 218065 218065 COMPETITION ENTRY FEES 45555 45555 MISCELLANEOUS INCOME 20292 20292 20809 20809 304721 6293088 3763353 218065 398612 X 370780 370780 1993642 1239173 253914 500555 335144 335144 199018 129914 28977 40127 6185 6185 25000 25000 9186 9186 24503 17763 3064 3676 97378 34030 56307 7041 840647 840647 428873 310933 53609 64331 8527 1809 5463 1255 691 691 28407 28407 39680 39680 42084 23018 14304 4762 LOSS ON WRITEDOWN OF IN 391344 391344 SPECIAL EVENTS & ANNUAL 353463 16588 336875 POSTAGE 227755 217845 6979 2931 PERIODICAL MAILING 132023 132023 1038124 600202 351471 86451 6592454 4335946 1208504 1048004 2280274 3199622 1600347 893824 989092 811827 837430 868442 1492834 1271572 253540 149609 1830746 1697431 78604 133315 235 85 0 0 0 0 0 0 1144081 1253255 8676437 8581551 616264 630062 662485 937031 1405233 1318166 2683982 2885259 X 1467852 1075332 4524603 4620960 5992455 5696292 8676437 8581551 -299366 8 3195 0 X 0 1 X 1 0 X 1433336 1414640 3210025 4463358 1913058 12434417 5182720 5591916 5245576 4852146 5592796 26465154 796288 855929 924537 650351 333898 3561003 7412344 7862485 9380138 9965855 7839752 42460574 789543 1071300 3241556 2055597 1298846 8456842 1255979 942 1256921 789543 1071300 3241556 3311576 1299788 9713763 32746811 550 40 40 17148 5765 23543 550 40 40 17148 5765 23543 7412894 7862525 9380178 9983003 7845517 42484117 0.77080 0.78140 0.00060 0.00040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1083577 X X 0 1256342 1248629 7713 574404 448802 125602 133315 SECURITY DEPOSIT 23917 ARTWORK OBTAINED BY GIFT OR BEQUEST 1083577 DEFERRED EXPENSES 145761 1253255 DEFERRED INCOME 449835 NOTES PAYABLE 868331 1318166 X 8076035 9 3195 1779743 1782947 6293088 0 6293088 8372197 1779743 1779743 6592454 0 6592454 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 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,742,786. FUNDRAISING DIRECT EXPENSES 30,902. OFFICE RENTAL 6,055. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,742,786. FUNDRAISING DIRECT EXPENSES 30,902. OFFICE RENTAL 6,055. X X X X X X X 1 TODD WIENER AARON CONSUL 81 PROSPECT STREET BROOKLYN NY 11201 CAPITAL CAMPAIGN CONSULT 0 261190 24000 237190 NANCY BLESS INST GRANT W 120 CABRINI BLVD APT 68 NEW YORK NY 10033 INSTITUTIONAL FUNDING 0 0 15750 -15750 261190 39750 221440 NY ANNUAL BENEFIT 354183 20285 333898 5000 22707 354183 20285 333898 5000 22707 27707 306191 X X X X 0 0 0 0 0 0 0 0 0 CHRIS BOOT EXECUTIVE DIR. 254522 0 0 0 0 0 0 0 25557 0 280079 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 THE CEO ENGAGED A RECRUITING FIRM TO HIRE OTHER KEY EMPLOYEES (CFO (2010), DEPUTY DIRECTOR (2012), AND SALES DIRECTOR, BOOKS (2015). AS WITH THE CEO SEARCH, THE RECRUITING FIRM HELPED WITH THE SEARCH, REVIEWED APPLICATIONS, AND PROVIDED COMPARABLE COMPENSATION DATA TO HELP ESTABLISH COMPENSATION. THE BOARD APPROVED A 10% RAISE FOR THE CFO IN 2015, THE FIRST RAISE SINCE THE CFO WAS HIRED. WHEN RECRUITING FOR THE CEO POSITION IN 2010, THE BOARD ENGAGED A RECRUITING CONSULTANT TO HELP WITH THE SEARCH, REVIEW APPLICATIONS, AND DETERMINE COMPENSATION USING COMPARABLE COMPENSATION DATA. THE BOARD APPROVED A 10% SALARY INCREASE IN 2015, THE FIRST RAISE SINCE THE CEO WAS HIRED. FORM 990, PART VI, SECTION C, LINE 19 INFORMATION AVAILABLE UPON REQUEST FORM 990, PART IX, LINE 24E EXHIBITS: PROGRAM SERVICE EXPENSES 128,008. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 128,008. COMMISSIONS & FEES: PROGRAM SERVICE EXPENSES 113,565. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 113,565. CONSIGNMENT: PROGRAM SERVICE EXPENSES 105,379. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 105,379. PROFESSIONAL FEES-OTHER: PROGRAM SERVICE EXPENSES 17,740. MANAGEMENT AND GENERAL EXPENSES 71,412. FUNDRAISING EXPENSES 15,750. TOTAL EXPENSES 104,902. BANK & CREDIT CARD CHARGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 91,116. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 91,116. RECRUITING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 85,043. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 85,043. CATALOGS & DIRECT MAIL: PROGRAM SERVICE EXPENSES 39,687. MANAGEMENT AND GENERAL EXPENSES 5,535. FUNDRAISING EXPENSES 4,347. TOTAL EXPENSES 49,569. PRIZES: PROGRAM SERVICE EXPENSES 46,952. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 46,952. PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 38,157. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 38,157. MEMBERSHIPS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 35,704. TOTAL EXPENSES 35,704. TRADE SHOWS: PROGRAM SERVICE EXPENSES 33,011. MANAGEMENT AND GENERAL EXPENSES 1,465. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,476. UTILITIES: PROGRAM SERVICE EXPENSES 20,406. MANAGEMENT AND GENERAL EXPENSES 3,518. FUNDRAISING EXPENSES 4,222. TOTAL EXPENSES 28,146. RELOCATION: PROGRAM SERVICE EXPENSES 20,016. MANAGEMENT AND GENERAL EXPENSES 3,451. FUNDRAISING EXPENSES 4,141. TOTAL EXPENSES 27,608. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 26,795. FUNDRAISING EXPENSES 22. TOTAL EXPENSES 26,817. TELEPHONE: PROGRAM SERVICE EXPENSES 18,384. MANAGEMENT AND GENERAL EXPENSES 3,170. FUNDRAISING EXPENSES 3,804. TOTAL EXPENSES 25,358. EDUCATION: PROGRAM SERVICE EXPENSES 23,563. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,563. EQUIPMENT: PROGRAM SERVICE EXPENSES 13,635. MANAGEMENT AND GENERAL EXPENSES 2,351. FUNDRAISING EXPENSES 2,821. TOTAL EXPENSES 18,807. REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 13,100. MANAGEMENT AND GENERAL EXPENSES 2,259. FUNDRAISING EXPENSES 2,710. TOTAL EXPENSES 18,069. DUES & SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 1,421. MANAGEMENT AND GENERAL EXPENSES 20. FUNDRAISING EXPENSES 6,890. TOTAL EXPENSES 8,331. BAD DEBTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,151. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,151. VAULT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 6,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,000. DEVELOPMENT EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 350. FUNDRAISING EXPENSES 5,017. TOTAL EXPENSES 5,367. PLACE OF ASSEMBLY EXPENSE: PROGRAM SERVICE EXPENSES 3,144. MANAGEMENT AND GENERAL EXPENSES 542. FUNDRAISING EXPENSES 650. TOTAL EXPENSES 4,336. ARCHIVE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,241. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,241. 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. LECTURES: PROGRAM SERVICE EXPENSES 698. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 698. RESEARCH: PROGRAM SERVICE EXPENSES 484. MANAGEMENT AND GENERAL EXPENSES 11. FUNDRAISING EXPENSES 13. TOTAL EXPENSES 508. CONTRIBUTION EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 151. TOTAL EXPENSES 151.