THE PARIS REVIEW FOUNDATION INC

EIN: 134081729 501(c)(3) Education

NEW YORK, NY

Total Revenue
$3,754,518
Total Expenses
$3,426,931
Total Assets
$11,312,095
Net Assets
$9,712,471
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
DE
Principal Officer
MATT HOLT
Phone
2123431333
Tax Period
2022-12-01 to 2023-11-30

THE PARIS REVIEW FOUNDATION INC, founded in 1999, is a community nonprofit in the Education sector that reported $3.8M in total revenue in fiscal year 2022. Expenses of $3.4M left a modest 9% surplus.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $1,388,502 Revenue: $1,868,879

PUBLICATION OF THE PARIS REVIEW:IN FISCAL 2023, 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...

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PUBLICATION OF THE PARIS REVIEW:IN FISCAL 2023, 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 27,773 SUBSCRIBERS AND PURCHASERS OF SINGLE ISSUES.

Program 2
Expenses: $1,077,191

WEB ACTIVITIES:DURING FISCAL 2023,THE PARIS REVIEW WEBSITE RECEIVED A TOTAL OF 9,626,652 PAGE VIEWS AND 5,143,929 VISITORS. THE DAILY IS UPDATED ONCE A DAY.

Program 3
Expenses: $170,541

EVENTS AND PROGRAMMING:IN FISCAL YEAR 2023, THE PARIS REVIEW FOUNDATION HELD TEN EVENTS TO BRING WRITERS, ARTISTS, AND READERS TOGETHER. IN APRIL, WE HELD THE ANNUAL SPRING REVEL FUNDRAISER AND...

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EVENTS AND PROGRAMMING:IN FISCAL YEAR 2023, THE PARIS REVIEW FOUNDATION HELD TEN EVENTS TO BRING WRITERS, ARTISTS, AND READERS TOGETHER. IN APRIL, WE HELD THE ANNUAL SPRING REVEL FUNDRAISER AND AWARDS CEREMONY, PRESENTING PRIZES TO THE WRITERS VIVIAN GORNICK, ISHION HUTCHINSON, AND HARRIET CLARK. IN JUNE, SEPTEMBER, AND DECEMBER, RESPECTIVELY, WE HELD LAUNCH CELEBRATIONS FOR NEW QUARTERLY ISSUES. IN JANUARY, WE CO-HOSTED A SCREENING WITH METROGRAPH CINEMA OF MARIA LVAREZ'S DOCUMENTARY, "EL TIEMPO PERDIDO", AN ODE TO MARCEL PROUST AND TO THE BUENOS AIRES BOOK CLUB DEVOTED TO HIS MASTERPIECE, "IN SEARCH OF LOST TIME." IN FEBRUARY, WE CO-HOSTED A READING AND CONVERSATION BETWEEN WINTER ISSUE CONTRIBUTORS VICTORIA CHANG, C. S. GISCOMBE, TIMMY STRAW AND PARIS REVIEW POETRY EDITOR, SRIKANTH REDDY AT THE MORGAN LIBRARY AND MUSEUM. IN SEPTEMBER, WE CO-HOSTED AN EVENT WITH THE ARMORY SHOW TO SHOWCASE THE PARIS REVIEW EDITIONS PRINT SERIES AND INTRODUCE SAM MCKINNISS'S NEWEST ADDITION TO IT. IN OCTOBER, WE HAD A BOOTH AT THE IFPDA PRINT FAIR--THE LARGEST INTERNATIONAL ART FAIR DEDICATED TO PRINTS AND PRINTMAKING--TO SHOWCASE SELECT EDITIONS FROM THE PARIS REVIEW PRINT SERIES, AND WE HAD A BOOTH AT THE BROOKLYN BOOK FESTIVAL. IN NOVEMBER, WE CO-HOSTED A GATHERING WITH THE METROPOLITAN OPERA--FEATURING SPECIAL GUESTS ANTHONY DAVIS AND THULANI DAVIS, COMPOSER AND LIBRETTIST, RESPECTIVELY, OF "X: THE LIFE AND TIMES OF MALCOLM X."

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,308,365
Program Service Revenue $1,673,482
Investment Income $480,232
Other Revenue $292,439
TOTAL REVENUE $3,754,518

Expense Breakdown

Grants Paid $25,000
Salaries & Benefits $1,475,313
Fundraising Expenses $287,958
Program Expenses $2,636,234
Other Expenses $1,926,618
TOTAL EXPENSES $3,426,931

Year-over-Year Comparison

2022 2021 Change
Revenue $3,754,518 $3,686,959 +0.0%
Expenses $3,426,931 $3,021,841 +0.1%
Net Income $327,587 $665,118 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
20
Volunteers
19

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$374,426
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW HOLT PRESIDENT 1.00
Officer Director
$0 $0 $0
LAWRENCE H GUFFEY TREASURER 1.00
Officer Director
$0 $0 $0
WILLIAM B BEEKMAN SECRETARY 1.00
Officer Director
$0 $0 $0
KWAME ANTHONY APPIAH BOARD MEMBER 1.00
Director
$0 $0 $0
JEFFREY EUGENIDES BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHEN GAGHAN BOARD MEMBER 1.00
Director
$0 $0 $0
LARRY GAGOSIAN BOARD MEMBER 1.00
Director
$0 $0 $0
RADHIKA JONES BOARD MEMBER 1.00
Director
$0 $0 $0
DODIE KAZANJIAN BOARD MEMBER 1.00
Director
$0 $0 $0
JEANNE MCCULLOCH BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN MCWHORTER BOARD MEMBER 1.00
Director
$0 $0 $0
SANDY GOTHAM MEEHAN BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH DUDLEY PLIMPTON BOARD MEMBER 1.00
Director
$0 $0 $0
EMMANUEL ROMAN BOARD MEMBER 1.00
Director
$0 $0 $0
MONA SIMPSON PUBLISHER 1.00
Director
$0 $0 $0
ILEENE SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
ROSE STYRON BOARD MEMBER 1.00
Director
$0 $0 $0
LIZA WACHTER BOARD MEMBER 1.00
Director
$0 $0 $0
ANTONIO WEISS BOARD MEMBER 1.00
Director
$0 $0 $0
EMILY STOKES EDITOR 40.00
Officer
$204,366 $10,817 $215,183
LORI DORR EXECUTIVE DIRECTOR 40.00
Officer
$145,399 $13,844 $159,243
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $3,754,518 $3,426,931 $11,312,095 $327,587
2022 $3,686,959 $3,021,841 $10,491,836 $665,118
2021 $2,207,260 $2,624,959 $11,397,578 $-417,699
2020 $2,365,110 $2,470,731 $10,476,544 $-105,621
2019 $2,694,072 $2,328,577 $9,114,162 $365,495
2018 $2,387,188 $2,303,399 $7,729,244 $83,789
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