2020-10-07T10:57:20-05:00 2019-11-30 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2018-12-01 134081729 THE PARIS REVIEW FOUNDATION INC PARI 2123431333 544 WEST 27TH STREET - 3RD FLOOR NEW YORK NY 10001 AKASH SHAH CO-PRESIDENT 2123431333 2020-09-29 1 JENNIFER COATES P02247728 2126972299 38.142.140.186 2020-09-29 13:55:44 ED P A75ECF90F4EA679C298DF903E96775B34A8C9CB0 7095DA45927F340339841A331187FC0DB124E3B8 2018 2021-01-29 14:40:06Z AKASH SHAH 544 WEST 27TH STREET - 3RD FLOOR NEW YORK NY 10001 2965622 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. 15 15 17 18 185625 -9081 843674 1025157 1491707 1633443 3900 4695 47907 30777 2387188 2694072 0 0 0 0 900691 960048 0 0 204066 1402708 1368529 2303399 2328577 83789 365495 7729244 9114162 760681 915575 6968563 8198587 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 1183600 1613107 PUBLICATION OF THE PARIS REVIEW:IN FISCAL YEAR 2019, THE MOST SIGNIFICANT ACTIVITY OF THE PARIS REVIEW FOUNDATION WAS THE PUBLICATION OF FOUR ISSUES OF THE PARIS REVIEW, EACH OF WHICH REACHED AN AVERAGE OF 23,556 SUBSCRIBERS AND PURCHASERS OF SINGLE ISSUES.THE FOUR ISSUES PUBLISHED IN FISCAL 2019 INCLUDED THE PARIS REVIEW NO. 227, THE PARIS REVIEW NO. 228, THE PARIS REVIEW NO. 229 AND THE PARIS REVIEW NO. 230. EACH ISSUE OF THE MAGAZINE PUBLISHED DURING FISCAL 2019 INCLUDES A COMBINATION OF FICTION, POETRY, NONFICTION, VISUAL ART AND INTERVIEWS WITH PROMINENT WRITERS. 534767 WEB ACTIVITIES:ON SEPTEMBER 15, 2010, THE PARIS REVIEW FOUNDATION RELAUNCHED ITS WEB SITE. THE HIGHLIGHTS OF THE WEB SITE ARE ONLINE ACCESS TO THE ENTIRE ARCHIVES OF THE PARIS REVIEW INTERVIEWS AND A FREE BLOG, THE DAILY, AS WELL AS AN ONLINE STORE WHERE WE ADVERTISE AND SELL SUBSCRIPTIONS, BACK ISSUES AND MERCHANDISE. DURING FISCAL YEAR 2019, THE SITE OVERALL RECEIVED 14,089,745 PAGE VIEWS AND 7,078,358 UNIQUE VISITORS, WHILE THE DAILY RECEIVED 9,760,054 PAGE VIEWS. THE DAILY IS UPDATED TWO TO THREE TIMES A DAY. 77514 EVENTS:IN FISCAL YEAR 2019, THE PARIS REVIEW FOUNDATION HELD FOURTEEN EVENTS TO PROMOTE READERSHIP AND EDUCATION. OF THESE, THREE EVENTS WERE TO PROMOTE NEW ISSUES OF THE PARIS REVIEW EACH QUARTER. THERE WAS ALSO A COHOSTED EVENT TO CELEBRATE THE PORTFOLIO IN THE WINTER ISSUE. ANOTHER EVENT PROMOTED THE LAUNCH OF A NEW PARIS REVIEW EDITIONS ANDTHOLOGY OF INTERVIEWS WITH INTERNATIONAL FICTION WRITERS. THE REVIEW CELEBRATED NATIONAL POETRY MONTH WITH AN EVENT AT 92Y FEATURING THE YEAR'S FOUR GUEST POETRY EDITORS AND SOME OF THEIR SELECTIONS FOR THE MAGAZINE. ANOTHER POETRY EVENT BROUGHT TO LIFE A POPULAR ONLINE COLUMN FOCUSING ON POETRY AS A SALVE. OTHER EVENTS CELEBRATED THE LAUNCH OF OUR POPULAR PODCAST'S SECOND SEASON. THE REMAINING EVENTS PROMOTED UNDERREPRESENTED WRITERS AND ARTISTS AND PROVIDED DIRECT EDUCATIONAL PROGRAMMING, INCLUDING A BOOK LAUNCH FOR ISABELLA HAMMAD AND SEMINARS BY THE EDITOR, WEB EDITOR, AND MANAGING EDITOR. THE WRITERS AND ARTISTS REPRESENTED THROUGHOUT THE YEAR WERE: KAVEH AKBAR, JERICHO BROWN, PETER CAREY, HERNAN DIAZ, ISABELLA HAMMAD, LAWRENCE JOSEPH, SARAH KAY, DONIKA KELLY, WAYNE KOESTENBAUM, SHANE MCCRAE, VIJAY SESHADRI, EVIE SHOCKLEY, CLAIRE SCHWARTZ, EMILY WELLS, AND MONICA YOUN. 1795881 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 76 0 1 17 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 NY DE X LORI DORR PUBLISHING 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 SUSANNAH HUNNEWELL PUBLISHER (PASSED AWAY 6/2019) 1.00 X 0 0 0 RADHIKA JONES BOARD MEMBER 1.00 X 0 0 0 JEANNE MCCULLOCH BOARD MEMBER 1.00 X 0 0 0 SANDY GOTHAM MEEHAN 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 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 40.00 X 152731 0 12335 LORI DORR PUBLISHING DIRECTOR 40.00 X 140352 0 184 293083 0 12519 2 0 1 0 THE SHERIDAN PRESS 450 FAME AVENUE HANOVER PA 17331 PRINTING/STORAGE/PUBLICATION FULFILLMENT 390397 1 557026 468131 81249 1025157 PUBLICATION INCOME 511120 1230469 1230469 ADVERTISING INCOME 541800 185625 185625 ELECTRONIC LICENSES 511120 75000 75000 MERCHANDISE SALES 511120 55833 55833 ROYALTY INCOME 511120 51113 51113 35403 35403 1633443 6042 6042 23680 25027 -1347 -1347 -1347 246523 557026 246523 0 MISCELLANEOUS 900099 30777 30777 30777 2694072 1427482 185625 55808 287194 204313 54162 28719 520154 393746 56483 69925 93689 67196 14727 11766 59011 43569 8211 7231 1258 881 377 88842 88842 53915 50767 3148 470736 460319 6184 4233 27313 27313 165157 123575 22957 18625 29127 20689 8438 63465 47167 8998 7300 15757 11710 2235 1812 WRITERS/POETS/ARTISTS F 170925 170925 FULFILLMENT 153702 96992 56710 DESIGN AND PRODUCTION 55144 55144 INDIRECT BENEFIT EXPENS 32752 32752 40436 21575 306 18555 2328577 1795881 328630 204066 197820 457965 451863 616348 250 85000 64988 87971 102352 96926 287525 227037 97892 60488 278146 309002 6317600 7182129 218333 218333 7729244 9114162 60248 44559 700433 871016 760681 915575 X 3867195 4697292 802421 1202348 2298947 2298947 6968563 8198587 7729244 9114162 365495 864529 0 X 0 1 X 1 0 X 1023182 1064794 781806 843674 1025157 4738613 1023182 1064794 781806 843674 1025157 4738613 1557162 3181451 276656 235783 25278 35973 57155 630845 30516 19639 24598 47907 30777 153437 5522895 6281156 0.57600 0.51670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3883170 512940 4396110 3914143 -30973 3883170 3381888 532255 3914143 3542564 -23767 136909 3381888 3577624 -35060 3542564 0.24070 0.52300 0.23630 0 0 42365 42365 0 245160 184672 60488 60488 ALTERNATIVE INVESTMENTS 7182129 F 7182129 3558601 864529 864529 2694072 0 2694072 2328577 0 2328577 0 2328577 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE USED TO SUPPORT THE FOUNDATION'S OPERATIONS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 ALTERNATIVE INVESTMENTS BASED IN THE CAYMAN ISLANDS 7182129 0 0 0 0 0 0 7182129 0 7182129 0 0 0 0 0 0 REVEL GALA 803549 557026 246523 174926 71597 803549 557026 246523 174926 71597 246523 0 1 PLIMPTON PRIZE - AWARD FOR NEW WRITING 1 10000 TERRY SOUTHERN PRIZE - FOR HUMOROUS WRITING PUBLISHED BY THE PARIS REVIEW FOUNDATION 1 5000 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. THE TERRY SOUTHERN PRIZE IS GIVEN TO A WRITER FOR THE BEST PIECE OF HUMOR WRITING, PUBLISHED IN THE PARIS REVIEW OR ONLINE, ON THE PARIS REVIEW, "DAILY." THE EDITORIAL STAFF OF THE PARIS REVIEW GATHERS STORIES AND NON-FICTION PIECES FROM A YEAR OF ISSUES (SPRING THROUGH WINTER) AND A YEAR OF BLOG POSTS, AND PRESENTS THEM TO THE EDITORIAL BOARD, WHICH SELECTS THE WINNER. X X X 0 0 0 0 0 0 0 0 0 EMILY NEMENS EDITOR 139054 0 12000 0 1677 0 0 0 12335 0 165066 0 0 0 X 1 25027 SALES PROCEEDS X GALA MATERIALS 4 56222 FAIR MARKET VALUE 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 CHAIRMAN OF THE FINANCE COMMITTEE 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 NEXT 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 THE NEW EDITOR, A COMPENSATION PROGRAM WAS PUT IN PLACE WITH A BASE SALARY AND PERFORMANCE COMPENSATION TIED TO SPECIFIC AND QUALITATIVE OUTCOMES. 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 PROGRAM WAS ALSO IMPLEMENTED WITH REGULAR REVIEWS CONDUCTED BY THE CO-PRESIDENTS 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. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.