2017-10-06T08:02:23-07:00 2016-12-31 Zapken & Loeb LLP 3 Crossways Park Dr West Woodbury NY 117972010 990 2016-01-01 133120824 APERTURE FOUNDATION INC APER 2125055555 547 WEST 27TH STREET 4TH FLOOR NEW YORK NY 10001 CHRIS BOOT Executive Dir. 2017-10-06 true JEFFREY ISAACSON P00569585 5168225000 2016 2018-03-14 21:41:22Z 8097058 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. 27 24 56 254863 1489410 1433336 563704 548840 643305 334929 2950312 3700382 5646731 6017487 0 0 2734881 3030027 0 647142 3664307 3962731 6399188 6992758 -752457 -975271 6977901 6927340 1486677 2411387 5491224 4515953 PUBLICATION OF BOOKS, MAGAZINES, AND MAINTENANCE OF AN ART GALLERY FOR THE PURPOSE OF PROMOTING AN APPRECIATION OF PHOTOGRAPHY & VISUAL ARTS. false false 4295116 PUBLICATION OF BOOKS AND MAGAZINES AND MAINTENANCE OF ART GALLERY FOR THE PURPOSE OF PROMOTING APPRECIATION OF 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STUART COOPER Trustee 0.00 0.00 X 0 0 0 RHETT TURNER 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 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 MARY COLMAN ST JOHN CFO 40.00 0.00 X 167784 0 5655 CHRIS BOOT Executive Dir. 40.00 0.00 X 213692 0 5655 SARAH MCNEAR DEPUTY DIRECTOR 40.00 0.00 X 88430 0 0 469906 11310 2 false true false 0 31600 1401736 22070 1433336 Subscriptions 548840 548840 548840 550 550 0 0 0 429301 94922 334379 334379 334379 796288 31600 290529 505759 505759 0 4469189 1694120 2775069 2775069 Advertising 541800 254863 254863 COMPETITION ENTRY FEES 28750 28750 MISCELLANEOUS INCOME 99179 99179 36762 23966 12796 419554 6017487 3682254 254863 647034 X 0 0 0 0 446000 374000 72000 0 2091521 1622520 57528 411473 15000 15000 269084 269084 208422 134486 39407 34529 0 13415 13415 25000 25000 0 0 0 0 102914 102914 106250 67 105723 460 64330 64330 351241 351241 624953 30 624923 127243 87891 32483 6869 0 0 6035 6035 0 111812 111812 52384 52384 Commissions & Fees 728263 728263 Loss on writedown of inventory 513411 513411 Exhibits 199405 199405 Postage and Shipping 127429 112128 12391 2910 808646 378430 311315 118901 6992758 4295116 2050500 647142 1290113 835399 0 140144 4740 1136351 1432582 0 0 0 2600151 2970127 215066 232373 2484922 2202384 379229 282538 0 0 0 0 1216847 1169581 6977901 6927340 755165 1304142 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1984649 1984649 6017487 6017487 8977407 1984649 1984649 6992758 6992758 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 2013. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 cost of goods sold $1694120 fundraising direct expenses $290529 Part XII, Line 2d: Other expenses and losses per audited F/S COST OF GOODS SOLD $1694120 fundraising direct expenses $290529 france 0 0 none 0 false false false false false false false annual benefit 827888 31600 796288 57885 96270 25469 110905 827888 31600 796288 57885 96270 25469 110905 290529 505759 X X X X false false false false false false false false false false CHRIS BOOT Executive Dir. 213692 5655 219347 MARY COLMAN ST JOHN CFO 167784 5655 173439 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 AR DISCOUNT 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 = $-12740; Column (B) - Program Services = $0; Column (C) - Management & General = $-12740; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses BANK & CREDIT CARD CHARGES: Column (A) - Total = $74352; Column (B) - Program Services = $0; Column (C) - Management & General = $74352; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Catalogs & Direct Mail: Column (A) - Total = $47240; Column (B) - Program Services = $45977; Column (C) - Management & General = $0; Column (D) - Fundraising = $1263 Form 990, Part IX, Line 24e: Other Expenses CONTRIBUTION EXPENSES: Column (A) - Total = $999; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $999 Form 990, Part IX, Line 24e: Other Expenses DEVELOPMENT EXPENSES: Column (A) - Total = $4409; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $4409 Form 990, Part IX, Line 24e: Other Expenses Dues & Subscriptions: Column (A) - Total = $3686; Column (B) - Program Services = $773; Column (C) - Management & General = $0; Column (D) - Fundraising = $2913 Form 990, Part IX, Line 24e: Other Expenses LECTURES: Column (A) - Total = $73389; Column (B) - Program Services = $73389; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses millerton expenses: Column (A) - Total = $33615; Column (B) - Program Services = $0; Column (C) - Management & General = $33615; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Miscellaneous: Column (A) - Total = $826; Column (B) - Program Services = $814; Column (C) - Management & General = $0; Column (D) - Fundraising = $12 Form 990, Part IX, Line 24e: Other Expenses ORDER PROCESSING: Column (A) - Total = $73090; Column (B) - Program Services = $73090; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses OUTSIDE SERVICES: Column (A) - Total = $46878; Column (B) - Program Services = $39067; Column (C) - Management & General = $2598; Column (D) - Fundraising = $5213 Form 990, Part IX, Line 24e: Other Expenses payroll processing fees: Column (A) - Total = $56830; Column (B) - Program Services = $0; Column (C) - Management & General = $56830; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses Periodical Mailing: Column (A) - Total = $118197; Column (B) - Program Services = $118197; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses press releases: Column (A) - Total = $3344; Column (B) - Program Services = $3344; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses PRIZES: Column (A) - Total = $15424; Column (B) - Program Services = $15424; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses RECRUITING: Column (A) - Total = $3240; Column (B) - Program Services = $0; Column (C) - Management & General = $3240; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses REPAIRS: Column (A) - Total = $49179; Column (B) - Program Services = $0; Column (C) - Management & General = $49179; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses RESEARCH: Column (A) - Total = $2355; Column (B) - Program Services = $2355; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses SECURITY: Column (A) - Total = $6562; Column (B) - Program Services = $0; Column (C) - Management & General = $6562; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses SPECIAL EVENTS & ANNUAL APPEAL: Column (A) - Total = $104092; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $104092 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 = $55607; Column (B) - Program Services = $0; Column (C) - Management & General = $55607; Column (D) - Fundraising = $0 Form 990, Part IX, Line 24e: Other Expenses UTILITIES: Column (A) - Total = $41547; Column (B) - Program Services = $0; Column (C) - Management & General = $41547; 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