HARPER'S MAGAZINE FOUNDATION

EIN: 363103085 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$8,240,698
Total Expenses
$7,949,724
Total Assets
$2,062,033
Net Assets
$-127,528
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
IL
Principal Officer
JOHN R MACARTHUR
Phone
2124205720
Tax Period
2022-03-01 to 2023-02-28

HARPER'S MAGAZINE FOUNDATION, founded in 1980, is a community nonprofit in the Arts, Culture & Humanities sector that reported $8.2M in total revenue in fiscal year 2022. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $7.9M left a modest 4% surplus.

Mission

PROVIDING LITERARY WORKS OF EXCELLENCE TO THE GENERAL PUBLIC AND PUBLISHING THE WORKS OF UNKNOWN WRITERS.

Program Service Accomplishments

Program 1
Expenses: $6,909,054 Revenue: $1,718,507

PUBLICATION OF TWELVE MONTHLY ISSUES OF HARPER'S MAGAZINE.

Program 2
Expenses: $17,548

PUBLICATION OF VARIOUS BOOKS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $290,974
Program Service Revenue $7,887,433
Investment Income $5,671
Other Revenue $56,620
TOTAL REVENUE $8,240,698

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,800,377
Fundraising Expenses $0
Program Expenses $6,926,602
Other Expenses $5,149,347
TOTAL EXPENSES $7,949,724

Year-over-Year Comparison

2022 2021 Change
Revenue $8,240,698 $7,386,851 +0.1%
Expenses $7,949,724 $7,502,572 +0.1%
Net Income $290,974 $-115,721 -3.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
4
Employees
33
Volunteers
15

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
3
$269,279
Total Directors
6
$269,279
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN R MACARTHUR PRESIDENT, PUBLISHER, DIRECTOR 40.00
Officer Director
$0 $0 $0
LYNN CARLSON TREASURER, VP/GEN MANAGER, 40.00
Officer Director
$269,279 $0 $269,279
VIRGINIA NAVARRO SECRETARY 40.00
Officer
$0 $0 $0
GIULIA MELUCCI VP PUBLIC RELATIONS 40.00
Highest
$186,571 $18,707 $205,278
KIM LAU SENIOR ACCOUNTANT 40.00
Highest
$111,106 $26,658 $137,764
CHRISTOPHER BEHA EDITOR 40.00
Highest
$116,667 $26,658 $143,325
SHAWN GREEN VP CIRCULATION 40.00
Highest
$124,114 $15,901 $140,015
JOCELYN GIANNINI VP ADVERTISING 40.00
Highest
$127,384 $0 $127,384
ANDREW J BACEVICH CHAIRMAN/DIRECTOR 0.50
Director
$0 $0 $0
ROSA BROOKS DIRECTOR 0.50
Director
$0 $0 $0
JACKSON LEARS DIRECTOR 0.50
Director
$0 $0 $0
ROSANNA WARREN DIRECTOR 0.50
Director
$0 $0 $0
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
2023 $8,240,698 $7,949,724 $2,062,033 $290,974
2022 $7,386,851 $7,502,572 $1,648,663 $-115,721
2021 $7,145,917 $7,461,385 $1,772,657 $-315,468
2020 $7,115,077 $6,951,238 $1,958,684 $163,839
2019 $7,145,787 $7,132,974 $1,814,260 $12,813
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