2018-07-27T11:11:58-07:00 2017-12-31 113118865 Zapken & Loeb LLP 3 Crossways Park Dr West Woodbury NY 117972010 990 2017-01-01 133120824 APERTURE FOUNDATION INC APER 2125055555 547 WEST 27TH STREET 4TH FLOOR NEW YORK NY 10001 CHRIS BOOT Executive Dir. 2018-07-27 true JEFFREY ISAACSON P00569585 5168225000 2017 2022-09-23 18:48:47Z 8831048 false false 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. 25 23 51 276137 1433336 1414640 548840 507848 334929 524528 3700382 4264514 6017487 6711530 0 0 3030027 2851916 0 639332 3962731 4074597 6992758 6926513 -975271 -214983 6927340 6178957 2411387 1877987 4515953 4300970 PUBLICATION OF BOOKS, MAGAZINES, AND MAINTENANCE OF AN ART GALLERY FOR THE PURPOSE OF PROMOTING AN APPRECIATION OF PHOTOGRAPHY & VISUAL ARTS. false false 4294394 PUBLICATION OF BOOKS AND MAGAZINES AND MAINTENANCE OF ART GALLERY FOR THE PURPOSE OF PROMOTING APPRECIATION OF PHOTOGRAPHY AND VISUAL ARTS 4294394 true true false false false false false true false false true false false true true true true false false false true false false false true false false false false true false false false false false false false false false false false false false false false false false false false false true 94 0 true 51 true true true false false false false true true false 0 false false false false false false false false false false X 25 23 false false false false false false false true true false false true true true false true false true true false NY X MARY COLMAN ST JOHN 2125055555 547 WEST 27TH STREET 4TH FLOOR NEW YORK NY 10001 MICHAEL HOEH Trustee/Secy 0.00 0.00 X X 0 0 0 CELSO GONZALEZ-FALLA TTEE 0.00 0.00 X 0 0 0 BARRY GARFINKEL ESQ Ttee/emeritus 0.00 0.00 X 0 0 0 JESSICA NAGLE Trustee 0.00 0.00 X 0 0 0 ANTONIA PAEPCKE DUBRUL ttee Emeritus 0.00 0.00 X 0 0 0 ANNETTE Y FRIEDLAND Trustee 0.00 0.00 X 0 0 0 STUART COOPER Trustee 0.00 0.00 X 0 0 0 WILLARD TAYLOR ESQ ttee,vice chair 0.00 0.00 X X 0 0 0 SEVERN TAYLOR Trustee 0.00 0.00 X 0 0 0 ANNE STARK LOCHER Trustee 0.00 0.00 X 0 0 0 SARAH MCNEAR Trustee 0.00 0.00 X 0 0 0 CATHY KAPLAN TTEE/Chairman 0.00 0.00 X X 0 0 0 SUSANA Torruella LEVAL Trustee 0.00 0.00 X 0 0 0 NION MCEVOY Trustee 0.00 0.00 X 0 0 0 ELAINE GOLDMAN Trustee 0.00 0.00 X 0 0 0 JOEL MEYEROWITZ Trustee 0.00 0.00 X 0 0 0 FREDERICK SMITH TTEE, Treas. 0.00 0.00 X X 0 0 0 ALLAN CHAPIN Trustee 0.00 0.00 X 0 0 0 PETER BARBUR Trustee 0.00 0.00 X 0 0 0 MELISSA O'SHAUGHNESSY Trustee 0.00 0.00 X 0 0 0 SARAH GORE REEVES Trustee 0.00 0.00 X 0 0 0 DAWOUD BEY Trustee 0.00 0.00 X 0 0 0 ELIZABETH KAHANE Trustee 0.00 0.00 X 0 0 0 DAVID SOLO Trustee 0.00 0.00 X 0 0 0 HELEN NITKIN Trustee 0.00 0.00 X 0 0 0 HEMANT KANAKIA Trustee 0.00 0.00 X 0 0 0 TOM SCHIFF Trustee 0.00 0.00 X 0 0 0 MARY COLMAN ST JOHN CFO 40.00 0.00 X 140269 0 6771 CHRIS BOOT Executive Dir. 40.00 0.00 X 200385 0 7207 340654 13978 2 false true false 0 64800 1349840 19405 1414640 Subscriptions 507848 507848 507848 40 40 0 0 0 692000 167512 524488 524488 524488 855929 64800 351420 504509 504509 0 4907575 1600586 3306989 3306989 Advertising 541800 276137 276137 COMPETITION ENTRY FEES 47330 47330 MISCELLANEOUS INCOME 81389 81389 48160 31400 16760 453016 6711530 4370725 276137 650028 X 0 0 0 0 340654 340654 0 2035854 1638370 5019 392465 11053 11053 261424 261424 202931 140344 29356 33231 0 5811 5811 25000 25000 0 0 0 0 89311 89311 82141 20 82121 60421 60421 571737 571737 648262 227 648035 110021 78476 20235 11310 0 0 20058 20058 0 94387 94387 58730 58730 Loss on writedown of inventory 562335 562335 Commissions & Fees 496830 496830 Exhibits 283875 283875 SPECIAL EVENTS & ANNUAL APPEAL 161762 161762 803916 372448 390904 40564 6926513 4294394 1992787 639332 835399 895365 0 4740 113017 1432582 1186020 0 0 0 2970127 2619703 232373 133871 1748061 1683082 282538 64979 0 0 0 0 1169581 1166002 6927340 6178957 1304142 863342 250000 355000 857245 659645 2411387 1877987 X 3966069 3989421 549884 311549 4515953 4300970 6927340 6178957 -214983 X false true X true false X 1084485 890092 1489410 1433336 1414640 6311963 4028473 4870490 4520022 5182720 5591916 24193621 283961 724424 792430 796288 855929 3453032 0 0 5396919 6485006 6801862 7412344 7862485 33958616 305171 396019 627765 789543 1071300 3189798 0 305171 396019 627765 789543 1071300 3189798 30768818 938 332 466 550 40 2326 0 938 332 466 550 40 2326 0 0 5397857 6485338 6802328 7412894 7862525 33960942 0.90600 0.92250 0.00010 0.00040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1105077 X X false 1256341 1225085 31256 82760 58190 24570 408960 399807 9153 64979 ARTWORK OBTAINED BY GIFT OR BEQUEST 1105077 DEFERRED EXPENSES 5173 PAYROLL EXCHANGE 334 Rounding 1 SECURITY DEPOSIT 55417 1166002 deferred income 552108 deferred lease allowance 30875 ROYALTIES PAYABLE 76662 659645 X 8663536 1952006 1952006 6711530 6711530 8878519 1952006 1952006 6926513 6926513 Part III, Line 4: Description of organization's collections and how it furthers its purpose. Collections are maintained to support the organization's mission of promoting an appreciation of photography and visual arts. Part X : FIN48 Footnote 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 2014. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 cost of goods sold $1600586 fundraising direct expenses $351420 Part XII, Line 2d: Other expenses and losses per audited F/S COST OF GOODS SOLD $1600586 fundraising direct expenses $351420 france 0 0 none 0 false false false false false false false annual benefit 920729 64800 855929 134589 90976 34200 91655 920729 64800 855929 134589 90976 34200 91655 351420 504509 X X X X false false false false false false false false false false CHRIS BOOT Executive Dir. 200385 7207 207592 Client Note 1 Client Note 1 - FROM 990, PART VII, SECTION AOFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEESSARAH MCNEAR'S TENURE AS AN OFFICER ENDED IN MAY OF 2018 IN WHICH SHE EARNED $12,198 IN THIS CAPACITY. AFTER SUCH TIME SHE SERVES AS TRUSTEE IN WHICH SHE DOES NOT RECEIVE COMPENSATION. Form 990, Part VI, Line 11b: Form 990 Review Process Form 990 review conducted by Executive Director, CFO & Audit Committee Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management 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, Line 15b: Compensation Review and Approval Process for Officers and Key Employees 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. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Information available upon request Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses : Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses BAD DEBTS: Column (A) - Total = $6582; Column (B) - Program Services = $0; Column (C) - Management & General = $6582; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses BANK & CREDIT CARD CHARGES: Column (A) - Total = $60863; Column (B) - Program Services = $0; Column (C) - Management & General = $60863; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Catalogs & Direct Mail: Column (A) - Total = $49574; Column (B) - Program Services = $46879; Column (C) - Management & General = $0; Column (D) - Fundraising = $2695 Form 990, Part IX, Line 24e: Other Expenses CONTRIBUTION EXPENSES: Column (A) - Total = $736; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $736 Form 990, Part IX, Line 24e: Other Expenses DEVELOPMENT EXPENSES: Column (A) - Total = $24944; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $24944 Form 990, Part IX, Line 24e: Other Expenses Dues & Subscriptions: Column (A) - Total = $8908; Column (B) - Program Services = $1598; Column (C) - Management & General = $0; Column (D) - Fundraising = $7310 Form 990, Part IX, Line 24e: Other Expenses JOB SEARCH COSTS: Column (A) - Total = $705; Column (B) - Program Services = $0; Column (C) - Management & General = $705; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses LECTURES: Column (A) - Total = $50479; Column (B) - Program Services = $50479; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses millerton expenses: Column (A) - Total = $115074; Column (B) - Program Services = $0; Column (C) - Management & General = $115074; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Miscellaneous: Column (A) - Total = $5363; Column (B) - Program Services = $2416; Column (C) - Management & General = $0; Column (D) - Fundraising = $2947 Form 990, Part IX, Line 24e: Other Expenses ORDER PROCESSING: Column (A) - Total = $51717; Column (B) - Program Services = $51717; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses OUTSIDE SERVICES: Column (A) - Total = $26264; Column (B) - Program Services = $26228; Column (C) - Management & General = $0; Column (D) - Fundraising = $36 Form 990, Part IX, Line 24e: Other Expenses payroll processing fees: Column (A) - Total = $57137; Column (B) - Program Services = $0; Column (C) - Management & General = $57137; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Periodical Mailing: Column (A) - Total = $58497; Column (B) - Program Services = $58497; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Postage and Shipping: Column (A) - Total = $142435; Column (B) - Program Services = $122338; Column (C) - Management & General = $18201; Column (D) - Fundraising = $1896 Form 990, Part IX, Line 24e: Other Expenses press releases: Column (A) - Total = $2025; Column (B) - Program Services = $2025; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses PRIZES: Column (A) - Total = $3927; Column (B) - Program Services = $3927; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses RECRUITING: Column (A) - Total = $2462; Column (B) - Program Services = $0; Column (C) - Management & General = $2462; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses REPAIRS: Column (A) - Total = $40814; Column (B) - Program Services = $0; Column (C) - Management & General = $40814; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses RESEARCH: Column (A) - Total = $344; Column (B) - Program Services = $344; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses SECURITY: Column (A) - Total = $1044; Column (B) - Program Services = $0; Column (C) - Management & General = $1044; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Taxes: Column (A) - Total = $525; Column (B) - Program Services = $0; Column (C) - Management & General = $525; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses TELEPHONE: Column (A) - Total = $52376; Column (B) - Program Services = $0; Column (C) - Management & General = $52376; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses UTILITIES: Column (A) - Total = $35121; Column (B) - Program Services = $0; Column (C) - Management & General = $35121; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses VAULT: Column (A) - Total = $6000; Column (B) - Program Services = $6000; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 FROM 990, PART VII, SECTION A, OFFICERS, DIRECTORS, TRUSTEES, KEY EMPL Sarah McNear served as an officer through May 2018, earning $12,198 in this capacity. Since June 2018, she has served as Trustee in a non-compensated role.