2019-10-02T11:39:15-05:00 2018-11-30 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2017-12-01 134081729 THE PARIS REVIEW FOUNDATION INC PARI 2123431333 544 WEST 27TH STREET - 3RD FLOOR NEW YORK NY 10001 AKASH SHAH CO-PRESIDENT 2123431333 2019-09-19 1 JENNIFER COATES P02247728 2126972299 38.142.140.186 2019-09-19 10:33:55 ED P 7EE24DDEAA34AFAE9DF92C3D2672F42BD3DA974D 46D7C3021ACD099E0E045FFA4D1A56074D07B965 2017 2019-02-21 02:37:17Z AKASH SHAH 544 WEST 27TH STREET - 3RD FLOOR NEW YORK NY 10001 2607797 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. 16 16 20 16 157855 -20176 781806 843674 1113626 1491707 2953 3900 24598 47907 1922983 2387188 0 0 0 0 872056 900691 0 0 183481 1195398 1402708 2067454 2303399 -144471 83789 7680031 7729244 715490 760681 6964541 6968563 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 1232700 1507497 PUBLICATION OF THE PARIS REVIEW:IN FISCAL YEAR 2018, 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 22,627 SUBSCRIBERS AND PURCHASERS OF SINGLE ISSUES.THE FOUR ISSUES PUBLISHED IN FISCAL 2018 INCLUDED THE PARIS REVIEW NO. 223, THE PARIS REVIEW NO. 224, THE PARIS REVIEW NO. 225 AND THE PARIS REVIEW NO. 226. EACH ISSUE OF THE MAGAZINE PUBLISHED DURING FISCAL 2018 INCLUDES A COMBINATION OF FICTION, POETRY, NONFICTION, VISUAL ART AND INTERVIEWS WITH PROMINENT WRITERS. 509333 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 2018, THE SITE OVERALL RECEIVED 13,090,042 PAGE VIEWS AND 7,082,372 UNIQUE VISITORS, WHILE THE DAILY RECEIVED 8,360,700 PAGE VIEWS. THE DAILY IS UPDATED THREE TIMES A DAY. 65932 EVENTS:IN FISCAL YEAR 2018, THE PARIS REVIEW FOUNDATION HELD NINE EVENTS TO PROMOTE READERSHIP AND EDUCATION. THREE EVENTS WERE TO PROMOTE THE QUARTERLY RELEASE OF THE PARIS REVIEW. ONE WAS TO PROMOTE THE LAUNCH OF A NEW EDITION OF A PARIS REVIEW ANTHOLOGY OF INTERVIEWS. ONE EVENT WAS TO CELEBRATE THE WORK OF JEFFREY EUGENIDES, WHOSE NOVEL, "THE VIRGIN SUICIDES," WAS FIRST EXCERPTED IN THE MAGAZINE. THE REMAINING FOUR EVENTS WERE TO PROMOTE UNDERREPRESENTED WRITERS AND ARTISTS. THE WRITERS AND ARTISTS REPRESENTED WERE HENRI COLE, CHRISTOPHER C. KING, ROWAN RICARDO PHILLIPS, TEJU COLE, NELL FREUDENBERGER AND OTTESSA MOSHFEGH. 1807965 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 58 0 1 20 1 1 1 0 0 0 0 1 1 0 0 0 0 X 16 16 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 TERRY MCDONELL PRESIDENT 1.00 X X 0 0 0 SCOTT ASEN VICE PRESIDENT (RESIGNED 5/2018) 1.00 X X 0 0 0 JAMES C GOODALE TREASURER 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 LAWRENCE H GUFFEY BOARD MEMBER 1.00 X 0 0 0 DRUE HEINZ BOARD MEMBER (DECEASED 3/30/18) 1.00 X 0 0 0 MATTHEW HOLT BOARD MEMBER 1.00 X 0 0 0 SUSANNAH HUNNEWELL PUBLISHER 1.00 X 0 0 0 BOKARA LEGENDRE BOARD MEMBER (DECEASED 12/3/17) 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 AKASH SHAH 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 WILLIAM B BEEKMAN SECRETARY 1.00 X 0 0 0 LORIN STEIN EDITOR (RESIGNED 12/7/17) 40.00 X 176498 0 13984 NICOLE RUDICK INTERIM EDITOR (RESIGNED 7/3/18) 40.00 X 95755 0 21856 EMILY NEMENS EDITOR (AS OF 5/31/18) 40.00 X 0 0 0 LORI DORR PUBLISHING DIRECTOR 40.00 X 123833 0 0 396086 0 35840 2 0 1 0 THE SHERIDAN PRESS 450 FAME AVENUE HANOVER PA 17331 PRINTING/STORAGE/PUBLICATION FULFILLMENT 284701 1 547902 295772 50211 843674 PUBLICATION INCOME 511120 1150654 1150654 ADVERTISING INCOME 541800 157855 157855 ELECTRONIC LICENSES 511120 75000 75000 MERCHANDISE SALES 511120 50421 50421 ROYALTY INCOME 511120 32117 32117 25660 25660 1491707 3856 3856 13275 13231 44 44 44 207378 547902 207378 0 MISCELLANEOUS 900099 47907 47907 47907 2387188 1349642 157855 36017 224972 202475 7260 15237 544210 371259 105610 67341 75743 52825 13856 9062 55766 41354 8364 6048 12903 9032 3871 45477 45477 81253 68490 12763 467763 457732 6798 3233 32706 32706 6710 6710 153846 115267 22771 15808 26737 15061 11676 59818 44456 9067 6295 15955 11858 2418 1679 WRITERS/POETS/ARTISTS F 192581 192581 FULFILLMENT 144147 87959 56188 DESIGN AND PRODUCTION 60151 60151 MISCELLANEOUS 55546 36670 15646 3230 47115 1379 2951 42785 2303399 1807965 311953 183481 259090 197820 534132 451863 57688 250 82359 64988 101539 102352 261464 163572 133308 97892 261215 278146 6032367 6317600 218333 218333 7680031 7729244 138305 60248 577185 700433 715490 760681 X 3731586 3867195 934008 802421 2298947 2298947 6964541 6968563 7680031 7729244 X 83789 -64767 -15000 X 0 1 X 1 0 X 864433 1023182 1064794 781806 843674 4577889 864433 1023182 1064794 781806 843674 4577889 1769761 2808128 142595 276656 235783 25278 35973 716285 17397 30516 19639 24598 47907 140057 5434231 5742333 0.51670 0.52030 X 3914143 -30973 3883170 3381888 532255 3914143 3542564 -23767 136909 3381888 3577624 -35060 3542564 3426021 156603 5000 3577624 0.20720 0.59200 0.20080 0 0 42365 42365 0 219099 121207 97892 97892 ALTERNATIVE INVESTMENTS 6317600 F 6317600 2307421 -64767 -15000 -79767 2387188 0 2387188 2303399 0 2303399 0 2303399 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE USED TO SUPPORT THE FOUNDATION'S OPERATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REDUCTION OF PRIOR YEAR GRANT -15,000. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 ALTERNATIVE INVESTMENTS BASED IN THE CAYMAN ISLANDS 6317600 0 0 0 0 0 0 6317600 0 6317600 0 0 0 0 0 0 REVEL GALA 755280 547902 207378 156926 50452 755280 547902 207378 156926 50452 207378 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 (TYPICALLY SUMMER THROUGH SPRING) 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 (TYPICALLY SUMMER THROUGH SPRING) 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 LORIN STEIN EDITOR (RESIGNED 12/7/17) 176498 0 0 0 0 0 0 0 13984 0 190482 0 0 0 X 1 13231 SALES PROCEEDS X GALA MATERIALS 3 36980 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 ON DECEMBER 6, 2017, LORIN STEIN TENDERED HIS RESIGNATION, WHICH THE BOARD ACCEPTED. HIS LAST DAY OF EMPLOYMENT WAS DECEMBER 7, 2017. NICOLE RUDICK, MANAGING EDITOR, WAS APPOINTED INTERIM EDITOR OF THE PARIS REVIEW. TO REFLECT THE ADDITIONAL RESPONSIBILITIES, HER COMPENSATION WAS ADJUSTED TO THE PRIOR EDITOR'S LEVEL. IN THE WINTER OF 2018, THE BOARD INITIATED A PUBLIC SEARCH FOR THE NEXT EDITOR OF THE PARIS REVIEW. THE BOARD DESIGNATED A SEARCH COMMITTEE COMPRISED OF FIVE DIRECTORS WHO, IN ADDITION TO INTERVIEWING POTENTIAL CANDIDATES, DRAFTED AN UPDATED ROLE 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 NEW 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. FORM 990, PART XI, LINE 9: REDUCTION OF PRIOR YEAR GRANT -15,000.