2018-10-05T13:33:10-05:00 2017-11-30 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2016-12-01 134081729 THE PARIS REVIEW FOUNDATION INC PARI 2123431333 544 WEST 27TH STREET - 3RD FLOOR NEW YORK NY 10001 ROBERT TERRY MCDONELL PRESIDENT 2123431333 2018-09-25 1 DONALD SHAEFITZ P00449034 2126972299 2016 2022-09-23 18:48:47Z ROBERT TERRY MCDONELL 544 WEST 27TH STREET - 3RD FLOOR NEW YORK NY 10001 2139875 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. 19 19 19 12 161561 -14850 1064794 781806 1148706 1113626 73362 2953 19639 24598 2306501 1922983 0 0 0 0 770115 872056 0 0 212404 1134939 1195398 1905054 2067454 401447 -144471 6763644 7680031 478927 715490 6284717 6964541 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. 1 0 1116059 952810 PUBLICATION OF THE PARIS REVIEW:IN FISCAL 2017, 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 18,683 SUBSCRIBERS AND PURCHASERS OF SINGLE ISSUES.THE FOUR ISSUES PUBLISHED IN FISCAL 2017 INCLUDED THE PARIS REVIEW NO. 219, THE PARIS REVIEW NO. 220, THE PARIS REVIEW NO. 221 AND THE PARIS REVIEW NO. 222. EACH ISSUE OF THE MAGAZINE PUBLISHED DURING FISCAL 2017 INCLUDES A COMBINATION OF FICTION, POETRY, NONFICTION, VISUAL ART, AND INTERVIEWS WITH PROMINENT WRITERS. 412141 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 2017, THE SITE OVERALL RECEIVED 16,569,216 PAGE VIEWS AND 11,543,252 UNIQUE VISITORS, WHILE THE DAILY RECEIVED 10,312,191 PAGE VIEWS AND 6,795,985 UNIQUE VISITORS. THE DAILY IS UPDATED THREE TIMES A DAY. 74503 EVENTS:IN FISCAL YEAR 2017 THE PARIS REVIEW FOUNDATION HELD TEN 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 THE FREE PODCAST. THE REMAINING SIX EVENTS WERE TO PROMOTE UNDERREPRESENTED WRITERS AND ARTISTS. THE WRITERS AND ARTISTS REPRESENTED WERE: OTTESSA MOSHFEGH, JOHN JEREMIAH SULLIVAN, ALBERT MURRAY, CHIMAMANDA NGOZI ADICHIE (ONE BOOK NY) AKHIL SHARMA, PETER COLE AND ROWAN RICARDO PHILLIPS. 1602703 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 19 1 1 1 0 0 0 0 1 1 0 0 0 0 X 19 19 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 NY DE X MOLLY LIVINGSTON FINANCE & OFFICE MANAGER 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 1.00 X X 0 0 0 LAWRENCE H GUFFEY TREASURER 1.00 X X 0 0 0 CLARA BINGHAM 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 MALA GAONKAR HAARMAN BOARD MEMBER 1.00 X 0 0 0 JAMES C GOODALE BOARD MEMBER 1.00 X 0 0 0 DRUE HEINZ BOARD MEMBER 1.00 X 0 0 0 SUSANNAH HUNNEWELL PUBLISHER 1.00 X 0 0 0 BOKARA LEGENDRE 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 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 40.00 X 186997 0 14628 186997 0 14628 1 0 1 0 THE SHERIDAN PRESS 450 FAME AVENUE HANOVER PA 17331 PRINTING/STORAGE/PUBLICATION FULFILLMENT 284701 1 591323 10000 180483 38480 781806 PUBLICATION INCOME 511120 823655 823655 ADVERTISING INCOME 541800 161561 161561 ELECTRONIC LICENSES 511120 75000 75000 MERCHANDISE SALES 511120 25034 25034 ROYALTY INCOME 511120 23853 23853 4523 4523 1113626 1425 1425 14698 13170 1528 1528 1528 203722 591323 203722 0 MISCELLANEOUS 900099 24598 24598 24598 1922983 952810 161561 26806 203813 183432 20381 505658 350937 98471 56250 113076 82538 18181 12357 49509 37131 7022 5356 47727 47727 128304 74983 53321 370019 362001 5649 2369 40724 40724 4035 4035 139587 107519 18270 13798 31431 26228 5203 45406 34213 6377 4816 14469 10903 2031 1535 WRITERS/POETS/ARTISTS F 139032 139032 0 0 FULFILLMENT 124431 88763 35668 0 DESIGN AND PRODUCTION 50156 50156 0 0 INDIRECT BENEFIT EXPENS 25190 0 0 25190 34887 10108 7748 17031 2067454 1602703 252347 212404 102099 259090 133188 534132 435000 57688 140055 82359 104156 101539 237062 103754 177517 133308 260224 261215 5193072 6032367 218333 218333 6763644 7680031 43116 138305 435811 577185 478927 715490 X 3082078 3731586 903692 934008 2298947 2298947 6284717 6964541 6763644 7680031 -144471 824295 0 X 0 1 X 1 0 X 932085 864433 1023182 1064794 781806 4666300 932085 864433 1023182 1064794 781806 4666300 1791740 2874560 71969 142595 276656 235783 25278 752281 14452 17397 30516 19639 24598 106602 5525183 5237718 0.52030 0.52800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3381888 532255 3914143 3542564 -23767 136909 3381888 3577624 -35060 3542564 3426021 156603 5000 3577624 2531344 209169 685508 3426021 0.20930 0.58730 0.20340 0 0 42365 38835 3530 194697 64919 129778 133308 ALTERNATIVE INVESTMENTS 6032367 F 6032367 2877444 824295 130166 954461 1922983 0 1922983 2197620 130166 130166 2067454 0 2067454 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 6032367 0 0 0 0 0 0 6032367 0 6032367 0 0 0 0 0 0 REVEL GALA 795045 591323 203722 162726 40996 795045 591323 203722 162726 40996 203722 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 186997 0 0 0 0 0 0 0 14628 0 201625 0 0 0 X 1 13170 SALES PROCEEDS X GALA MATERIALS 1 21310 FAIR MARKET VALUE X EVENT MATERIALS 1 4000 FAIR MARKET VALUE 0 0 0 FORM 990, PART III, LINE 2 IN NOVEMBER 2017, WE LAUNCHED THE FIRST SEASON OF THE PARIS REVIEW PODCAST, CONSISTING OF 12 EPISODES PRODUCED IN PARTNERSHIP WITH MIDROLL/STITCHER. A GROUND-BREAKING, INNOVATIVE EXPLORATION OF THE PODCAST MEDIUM THAT ADVANCES OUR UNDERSTANDING OF ITS POTENTIAL AS AN ART FORM, THE PARIS REVIEW PODCAST DELIVERS CAREFULLY CURATED POETRY AND FICTION THAT DELIGHTS LISTENERS AND LEAVES THEM FEELING CONNECTED TO THE BEST CONTEMPORARY WRITING IN THE WORLD. COMBINING UNIQUELY-NUANCED SOUND DESIGN WITH PERFORMANCES FROM EXPERT STORYTELLERS AND HISTORIC AUDIO FROM THE MAGAZINE'S ARCHIVES, THE SHOW TAKES EACH LISTENER ON JOURNEY THROUGH LITERATURE THAT LEAVES AMPLE ROOM IN THE LISTENER'S MIND FOR SURPRISE, JOY AND REFLECTION. THE PODCAST IS AVAILABLE FOR FREE ON OUR WEBSITE AND MAJOR PODCAST LISTENING PLATFORMS, SUCH AS GOOGLE PLAY AND APPLE PODCASTS. 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 THE COMPENSATION OF THE EDITOR-IN-CHIEF WAS REVIEWED BY THE BOARD OF DIRECTORS AT A SEARCH COMMITTEE MEETING OF THE BOARD OF DIRECTORS IN 2010, USING COMPARABLE SALARY AND BENEFITS INFORMATION FOR LITERARY AND OTHER NONPROFIT ORGANIZATIONS OF COMPARABLE SIZE AND/OR ORGANIZATIONAL SCOPE. WHEN THE EDITOR-IN-CHIEF'S EMPLOYMENT CONTRACT WAS RENEGOTIATED IN APRIL 2012, THE BOARD OF DIRECTORS CONSIDERED, AND ULTIMATELY AGREED TO PROVIDE, A COST-OF-LIVING INCREASE IN THE SALARY SET BY THE BOARD OF DIRECTORS IN 2010. WHEN THE EDITOR-IN-CHIEF'S EMPLOYMENT CONTRACT WAS AGAIN RENEGOTIATED IN 2014, IN LIGHT OF HIS PERFORMANCE IN HIS ROLE AND WITH REFERENCE TO COMPARABLE SALARY AND BENEFITS INFORMATION FOR LITERARY AND OTHER NONPROFIT ORGANIZATIONS OF COMPARABLE SIZE AND/OR ORGANIZATIONAL SCOPE, THE BOARD OF DIRECTORS CONSIDERED, AND ULTIMATELY AGREED TO PROVIDE, AN INCREASE IN THE EDITOR-IN-CHIEF'S SALARY SET BY THE BOARD OF DIRECTORS IN 2012. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.