2017-10-02T14:29:18-05:00 2016-11-30 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2015-12-01 134081729 THE PARIS REVIEW FOUNDATION INC PARI 2123431333 544 WEST 27TH STREET - 3RD FLOOR NEW YORK NY 10001 ROBERT TERRY MCDONELL PRESIDENT 2123431333 2017-09-21 1 DONALD SHAEFITZ P00449034 2126972299 2015 2021-01-29 14:40:06Z ROBERT TERRY MCDONELL 544 WEST 27TH STREET - 3RD FLOOR NEW YORK NY 10001 7737835 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. 20 20 13 14 176867 -1519 1023182 1064794 1041568 1148706 344304 73362 30516 19639 2439570 2306501 0 0 0 0 798824 770115 0 0 148599 1026761 1134939 1825585 1905054 613985 401447 6525106 6763644 594912 478927 5930194 6284717 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 1281479 950667 PUBLICATION OF THE PARIS REVIEW:IN FISCAL 2016, 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 20,430 SUBSCRIBERS AND PURCHASERS OF SINGLE ISSUES.THE FOUR ISSUES PUBLISHED IN FISCAL 2016 INCLUDED THE PARIS REVIEW NO. 215, THE PARIS REVIEW NO. 216, THE PARIS REVIEW NO. 217 AND THE PARIS REVIEW NO. 218. EACH ISSUE OF THE MAGAZINE PUBLISHED DURING FISCAL 2016 INCLUDES A COMBINATION OF FICTION, POETRY, NONFICTION, VISUAL ART AND INTERVIEWS WITH PROMINENT WRITERS. 174333 WEB ACTIVITIES:ON SEPTEMBER 15, 2010, THE PARIS REVIEW FOUNDATION RELAUNCHED ITS WEB SITE. THE HIGHLIGHTS OF THE WEB SITE ARE FREE ONLINE ACCESS TO THE ENTIRE ARCHIVES OF THE PARIS REVIEW INTERVIEWS AND A BLOG, THE DAILY, AS WELL AS AN ONLINE STORE WHERE WE ADVERTISE AND SELL SUBSCRIPTIONS, BACK ISSUES AND MERCHANDISE. AT THE END OF THE FISCAL 2016, THE ENTIRE 64 YEAR ARCHIVE WAS AVAILABLE FOR A TEN DAY FREE TRIAL AND WAS FREE FOR ALL MAGAZINE SUBSCRIBERS. DURING FISCAL 2016, THE SITE OVERALL RECEIVED 12,245,137 PAGE VIEWS AND 10,950,112 UNIQUE VISITORS, WHILE THE DAILY RECEIVED 6,984,126 PAGE VIEWS AND 6,343,155 UNIQUE VISITORS. THE DAILY IS UPDATED THREE TO FOUR TIMES A DAY. 25840 EVENTS:IN FISCAL YEAR 2016, THE PARIS REVIEW FOUNDATION HELD ELEVEN EVENTS TO PROMOTE READERSHIP AND EDUCATION. THREE EVENTS WERE TO PROMOTE THE QUARTERLY RELEASE OF THE PARIS REVIEW. ONE EVENT WAS TO PROMOTE AN ANTHOLOGY OF FICTION PUBLISHED IN THE PARIS REVIEW AND EDITED BY LORIN STEIN. THE REMAINING SEVEN EVENTS WERE TO PROMOTE UNDERREPRESENTED WRITERS AND ARTISTS. THE WRITERS AND ARTISTS REPRESENTED WERE: EMMA KLINE, BEN LERNER, BRIAN CULLMAN, ROBERT MCDONELL, JOSHUA ABRAMOVICH, THE NORWEGIAN-AMERICAN LITERARY FESTIVAL AND LESLEY BLUME. 1481652 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 53 0 1 13 1 1 1 0 0 0 0 1 1 0 0 0 0 X 20 20 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 MANAGER 2123431333 544 WEST 27TH STREET-3RD FLOOR NEW YORK NY 10001 SCOTT ASEN BOARD MEMBER 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 BOARD MEMBER 1.00 X 0 0 0 JAMES C GOODALE BOARD MEMBER 1.00 X 0 0 0 LAWRENCE H GUFFEY TREASURER 1.00 X 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 TERRY MCDONELL PRESIDENT 1.00 X 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 ROBERT SILVERS 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 LORIN STEIN EDITOR 40.00 X 180312 0 9137 WILLIAM B BEEKMAN SECRETARY 1.00 X 0 0 0 180312 0 9137 1 0 1 0 THE SHERIDAN PRESS PO BOX 419813 BOSTON MA 02241 PRINTING, SHIPPING & STORAGE 272812 1 527259 35000 502535 20328 1064794 PUBLICATION INCOME 511120 819775 819775 ADVERTISING INCOME 541800 176867 176867 ELECTRONIC LICENSES 511120 75000 75000 ROYALTY INCOME 511120 40811 40811 MERCHANDISE SALES 511120 32987 32987 3266 3266 1148706 194972 194972 5106465 5228075 -121610 -121610 -121610 203259 527259 203259 0 MISCELLANEOUS 900099 19639 19639 19639 2306501 950667 176867 114173 200921 180829 20092 429783 307962 87351 34470 96059 62519 17133 16407 43352 33470 6145 3737 81970 81970 86970 79791 7179 325894 318591 5584 1719 32542 32542 10157 10157 139086 109574 18352 11160 30794 27646 3148 37273 28777 5283 3213 13723 10595 1945 1183 WRITERS/POETS/ARTISTS F 158712 158712 0 0 FULFILLMENT 102400 76929 25471 0 DESIGN AND PRODUCTION 37548 37548 0 0 INDIRECT BENEFIT EXPENS 30424 0 0 30424 47446 6010 22421 19015 1905054 1481652 274803 148599 213852 102099 292098 133188 101200 435000 124450 140055 118417 104156 312265 134748 53790 177517 260224 5402966 5193072 218333 218333 6525106 6763644 56722 43116 538190 435811 594912 478927 X 2900616 3082078 730631 903692 2298947 2298947 5930194 6284717 6525106 6763644 401447 -46924 0 X 0 1 X 1 0 X 937659 932085 864433 1023182 1064794 4822153 937659 932085 864433 1023182 1064794 4822153 1815083 3007070 37953 71969 142595 276656 235783 764956 25862 14452 17397 30516 19639 107866 5694975 4989283 0.52800 0.55670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3542564 -23767 136909 3381888 3577624 -35060 3542564 3426021 156603 5000 3577624 2531344 209169 685508 3426021 2320878 210466 2531344 0.16470 0.67980 0.15550 0 0 42365 30362 12003 269900 104386 165514 177517 ALTERNATIVE INVESTMENTS 5193072 F 5193072 2259577 -46924 -46924 2306501 0 2306501 1905054 0 1905054 0 1905054 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE USED TO SUPPORT THE FOUNDATION'S OPERATIONS. 1 EUROPE 0 0 PLIMPTON PRIZE AWARDED TO RECIPIENT IN ENGLAND 10000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 ALTERNATIVE INVESTMENTS BASED IN THE CAYMAN ISLANDS 5193072 0 0 0 0 0 0 5203072 0 5203072 PLIMPTON PRIZE - AWARD FOR NEW WRITING EUROPE 1 10000 CHECK 0 0 0 0 0 0 PART I, LINE 2: THE PARIS REVIEW FOUNDATION AWARDS THE PLIMPTON PRIZE OF $10,000 TO A PREVIOUSLY UNPUBLISHED WRITER WHO HAS BEEN NEWLY PUBLISHED IN THE PARIS REVIEW. THE PRIZE IS NAMED FOR THE REVIEW'S LONGTIME EDITOR, GEORGE PLIMPTON, AND IT REFLECTS HIS COMMITMENT TO DISCOVERING NEW WRITERS OF EXCEPTIONAL MERIT. THE USE OF THE FUNDS AWARDED IS NOT RESTRICTED. REVEL GALA 730518 527259 203259 175156 28103 730518 527259 203259 175156 28103 203259 0 X X X 0 0 0 0 0 0 0 0 0 LORIN STEIN EDITOR 180312 0 0 0 0 0 0 0 9137 0 189449 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 11 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.