2016-10-17T20:19:59-05:00 2015-11-30 131655065 LUTZ AND CARR CPAS LLP 300 EAST 42ND STREET NEW YORK NY 10017 990 2014-12-01 134081729 THE PARIS REVIEW FOUNDATION INC PARI 2123431333 544 WEST 27TH STREET - 3RD FLOOR NEW YORK NY 10001 ROBERT TERRY MCDONELL PRESIDENT 2123431333 2016-10-13 1 DONALD SHAEFITZ P00449034 2126972299 2014 2017-02-10 21:41:12Z ROBERT TERRY MCDONELL 544 WEST 27TH STREET - 3RD FLOOR NEW YORK NY 10001 2718437 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 14 20 151289 -822 864433 1023182 1043507 1041568 142583 344304 17397 30516 2067920 2439570 0 0 0 0 755300 798824 0 0 178998 986733 1026761 1742033 1825585 325887 613985 6235025 6525106 437941 594912 5797084 5930194 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 1118140 847125 PUBLICATION OF THE PARIS REVIEW:IN FISCAL 2015, 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 18,500 SUBSCRIBERS AND PURCHASERS OF SINGLE ISSUES.THE FOUR ISSUES PUBLISHED IN FISCAL 2015 INCLUDED THE PARIS REVIEW NO. 211, THE PARIS REVIEW NO. 212, THE PARIS REVIEW NO. 213 AND THE PARIS REVIEW NO. 214. EACH ISSUE OF THE MAGAZINE PUBLISHED DURING FISCAL 2015 INCLUDES A COMBINATION OF FICTION, POETRY, NONFICTION, VISUAL ART AND INTERVIEWS WITH PROMINENT WRITERS.THE PARIS REVIEW NO. 211 FEATURED FICTION BY JOE DUNTHORNE, KARL OVE KNAUSGAARD, OTTESSA MOSHFEGH, SAM SAVAGE AND SAD SAYRAFIEZADEH; INTERVIEWS WITH NONFICTION WRITER VIVIAN GORNICK AND SCREENWRITER AND DIRECTOR MICHAEL HANEKE; A CONVERSATION BETWEEN JAMES WOOD AND KARL OVE KNAUSGAARD; POETRY BY SYLVIE BAUMGARTEL, JEFF DOLVEN, CATHY PARK HONG, PHILLIS LEVIN, JANA PRIKRYL, FREDERICK SEIDEL AND BRENDA SHAUGHNESSY; NONFICTION BY KARL OVE KNAUSGAARD AND SARAH MANGUSO; A VISUAL-ART PORTFOLIO OF PHOTOGRAHS BY MARC YANKUS.THE PARIS REVIEW NO. 212 FEATURED FICTION BY ANGELA FLOURNOY, KEN KALFUS, JAMES LASDUN AND MARK LEYNER; INTERVIEWS WITH FICTION WRITERS LYDIA DAVIS, ELENA FERRANTE, AND HILARY MANTEL; POETRY BY STEPHEN DUNN, PETER GIZZI, MAJOR JACKSON, CHARLES SIMIC, SUSAN STEWART, SHUZO TAKIGUCHI, CRAIG MORGAN TEICHER AND SARAH TRUDGEON; AN ESSAY BY J.D. DANIELS; AND VISUAL-ART PORTFOLIOS OF PHOTOGRAPHY BY THOMAS DEMAND AND OF WORD PAINTINGS BY MEL BOCHNER. THE PARIS REVIEW NO. 213 FEATURED FICTION BY CHRIS BACHELDER, ANN BEATTIE, LUCIA BERLIN, MICHEL HOUELLEBECQ, ANDRES NEUMANN, PADGETT POWELL, DAVID SZALAY AND DEB OLIN UNFERTH; INTERVIEWS WITH TRANSLATORS RICHARD PEVEAR AND LARISSA VOLOKHONSKY AND POET AND TRANSLATOR PETER COLE; POETRY BY CORAL BRACHO, XI CHUAN, PETER COLE, ISHION HUTCHINSON, JOHN KOETHE, RADMILA LAZIC, IMAN MERSAL, D. NURSE AND NICK TWEMLOW; AND A VISUAL-ART PORTFOLIO OF COMICS BY AIDAN KOCH.THE PARIS REVIEW NO. 214 FEATURED FICTION BY CHRIS BACHELDER, PATRICK DACEY, DEBORAH EISENBERG AND OTTESSA MOSHFEGH; INTERVIEWS WITH POET EILEEN MYLES AND FICTION WRITER JANE SMILEY; POETRY BY STEPHEN DUNN, MICHAEL HOFMANN, NATHANIEL MACKEY, ANGE MLINKO, EILEEN MYLES, GEOFFREY G. O'BRIEN, LINDA PASTAN AND KEVIN PRUFER; ESSAYS BY JAMES SALTER AND ROBERT ANTHONY SIEGEL; AND A VISUAL-ART PORTFOLIO OF WORK SIGNIFICANT TO EILEEN MYLES.PUBLISHING POETS, AUTHORS AND ARTISTS, AND DISTRIBUTING THEIR WORK FOSTERS THE PARIS REVIEW FOUNDATION'S EXEMPT PURPOSES, NAMELY THE DEVELOPMENT OF INDIVIDUALS AS WRITERS AND ARTISTS AND THE PROMOTION OF PUBLIC APPRECIATION OF EXCELLENCE IN THE LITERARY AND GRAPHIC ARTS. 284110 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.SINCE DECEMBER 1, 2013, THROUGH THE END OF FISCAL 2015, THE SITE OVERALL RECEIVED 25,002,417 PAGE VIEWS AND 21,834,162 UNIQUE VISITORS, WHILE THE DAILY RECEIVED 12,935,663 PAGE VIEWS AND 11,616,954 UNIQUE VISITORS. THE DAILY IS UPDATED FOUR TO FIVE TIMES A DAY.CONTRIBUTORS TO THE DAILY HAVE INCLUDED PARIS REVIEW STAFF MEMBERS, AS WELL AS POETS, AUTHORS, ACTORS AND VISUAL ARTISTS, SUCH AS SAM STEPHENSON, ROWAN RICARDO PHILLIPS, DONALD ANTRIM, GABRIELLE BELL, JOHN JEREMIAH SULLIVAN, JANE STERN, LAUREN WEINSTEIN, WILLIAM FINNEGAN, JAVIER MAR AS, JEET HEER AND MANY OTHERS. THE PARIS REVIEW IS A MEMBER OF SEVERAL SOCIAL MEDIA PLATFORMS, INCLUDING TWITTER, TUMBLR, FACEBOOK, PINTEREST, INSTAGRAM, VINE, VIMEO AND YOU-TUBE. AS OF THE END OF FISCAL 2015, THE PARIS REVIEW HAD MORE THAN 500,000 FOLLOWERS ON TWITTER, MORE THAN 259,000 FOLLOWERS ON TUMBLR, AND MORE THAN 320,000 FANS ON FACEBOOK. THE TWITTER ACCOUNT (@PARISREVIEW) IS USED TO FEATURE QUOTES FROM INTERVIEWS IN PARIS REVIEW BACK ISSUES, LINK TO PARIS REVIEW BLOG ARTICLES, ADVERTISE EVENTS AND ONLINE STORE SPECIALS, AND DISTRIBUTE OTHER RELATED NEWS. THE FACEBOOK ACCOUNT (FACEBOOK.COM/PARISREVIEW) MIRRORS THESE TWEETS DIRECTLY, AND THE TUMBLR ACCOUNT (THEPARISREVIEW.TUMBLR.COM) POSTS SIMILAR INFORMATION, BUT IN AN EXTENDED FORMAT TO INCLUDE PHOTOS, MEDIA AND LONGER TEXT. THE VIMEO AND YOU-TUBE ACCOUNTS (VIMEO.COM/THEPARISREVIEW AND YOUTUBE.COM/THEPARISREVIEWABLE) ARE USED TO HOST VIDEOS THAT ARE POSTED TO THE PARIS REVIEW BLOG, THE DAILY. VIDEO CONTENT INCLUDES PROMOTIONAL VIDEOS FOR ISSUES AND VIDEOS THAT ARE RELATED TO BLOG CONTENT. ADDITIONALLY, THE PARIS REVIEW PRODUCES E-MAIL NEWSLETTERS (DISTRIBUTED THROUGH MAILCHIMP) TO SEND ANNOUNCEMENTS TO OUR PRINT AND NEWSLETTER SUBSCRIBERS TWO TO THREE TIMES EACH MONTH.THE PARIS REVIEW'S WEB ACTIVITIES FURTHER FOSTER THE PARIS REVIEW FOUNDATION'S EXEMPT PURPOSES, AS DESCRIBED ABOVE. THEY ALSO OFFER AN OPPORTUNITY TO ATTRACT NEW SUBSCRIBERS AND POTENTIAL DONORS TO THE PARIS REVIEW. 1402250 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 37 0 1 14 1 1 1 0 0 0 0 1 1 0 0 0 0 X 20 20 1 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 NY DE X FINANCE MANAGER 2123431333 544 WEST 27TH STREET-3RD FLOOR NEW YORK NY 10001 TERRY MCDONELL PRESIDENT 1.00 X X 0 0 0 LAWRENCE H GUFFEY TREASURER 1.00 X 0 0 0 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 JONATHAN GALASSI 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 DRUE HEINZ BOARD MEMBER 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 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 ANTONIO WEISS BOARD MEMBER 1.00 X 0 0 0 SUSANNAH HUNNEWELL BOARD MEMBER 1.00 X 0 0 0 WILLIAM B BEEKMAN SECRETARY 1.00 X 0 0 0 LORIN STEIN EDITOR 40.00 X 169458 0 11125 JANET GILLESPIE FINANCE MANAGER 40.00 X 56502 0 6161 225960 0 17286 1 0 1 0 THE SHERIDAN PRESS PO BOX 842377 BOSTON MA 02284 PRINTING, SHIPPING & STORAGE 273487 1 711507 45000 266675 10052 1023182 PUBLICATION INCOME 511120 723747 723747 ADVERTISING INCOME 541800 151289 151289 ELECTRONIC LICENSES 511120 75000 75000 ROYALTIES INCOME 511120 73670 73670 MERCHANDISE SALES 511120 12110 12110 5752 5752 1041568 276656 276656 176520 108872 67648 67648 67648 169995 711507 169995 0 MISCELLANEOUS 900099 30516 30516 30516 2439570 847125 151289 417974 254258 171592 63600 19066 399426 299745 47750 51931 99055 64701 17950 16404 46085 29445 9730 6910 23626 23626 65056 56722 8334 319351 309984 6663 2704 21580 21580 5763 5763 134288 99845 20650 13793 35127 29691 5436 44773 32485 7367 4921 13347 9684 2196 1467 WRITERS, POETS, AND ART 151696 151696 FULFILLMENT 89958 65023 24935 DESIGN AND PRODUCTION 44424 44424 INDIRECT BENEFIT EXPENS 34769 34769 43003 9870 14434 18699 1825585 1402250 244337 178998 88414 213852 291873 292098 45000 101200 92378 124450 110577 118417 221265 167475 98630 53790 5289820 5402966 218333 218333 6235025 6525106 25635 56722 412306 538190 437941 594912 X 2936816 2900616 561321 730631 2298947 2298947 5797084 5930194 6235025 6525106 613985 -480875 0 X 0 1 X 1 0 X 702016 937659 932085 864433 1023182 4459375 702016 937659 932085 864433 1023182 4459375 1602536 2856839 32824 37953 71969 142595 276656 561997 22594 25862 14452 17397 30516 110821 5132193 4591793 0.55670 0.60310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3577624 -35060 3542564 3426021 156603 5000 3577624 2531344 209169 685508 3426021 2320878 210466 2531344 2348239 -27361 2320878 0.19220 0.64900 0.15880 0 0 42365 21889 20476 178900 145586 33314 53790 MUTUAL FUNDS 4260898 F U.S. TREASURY MONEY MARKET FUND 1142068 F 5402966 1958695 -480875 -480875 2439570 0 2439570 1825585 0 1825585 0 1825585 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE USED TO SUPPORT THE FOUNDATION'S OPERATIONS. REVEL GALA 881502 711507 169995 156941 13054 881502 711507 169995 156941 13054 169995 0 1 PLIMPTON PRIZE 1 10000 TERRY SOUTHERN PRIZE FOR HUMOR 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 169458 0 0 0 0 0 0 0 11125 0 180583 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 LORIN STEIN, EDITOR, AND SADIE STEIN, AN EMPLOYEE, WERE MARRIED IN 2015. 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 A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON THE BEHALF OF THE BOARD. 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.