Civic Intelligence

Harper'S Magazine Foundation

990 • Fiscal year 2017 • EIN 36-3103085

Mar 01, 2016 to Feb 28, 2017 • Filed on Sep 26, 2017

666 Broadway 11th FloorNew York, NY 10012

(212) 420-5720

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

0.96x

Higher debt load relative to assets than 96% of similar nonprofits.

2017 filings • NTEE A • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

79th percentile

0.32x

Higher debt load relative to revenue than 79% of similar nonprofits.

2017 filings • NTEE A • $5M-$10M nonprofits • Source year 2017

Net Margin

49th percentile

3.1%

Higher net margin than 49% of similar nonprofits.

2017 filings • NTEE A • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

87th percentile

$242,933

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2017 filings • NTEE A • $5M-$10M nonprofits • Source year 2017

Asset Growth

61st percentile

5.7%

Faster asset growth than 61% of similar nonprofits.

2017 filings • NTEE A • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

36th percentile

-4.2%

Faster revenue growth than 36% of similar nonprofits.

2017 filings • NTEE A • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,279,838

Up $123,490 (+5.7%) from 2016

Net Assets

Up

$84,122

Up $216,951 (+163%) from 2016

Liabilities

Down

$2,195,716

Down $93,461 (-4.1%) from 2016

Revenue

Down

$6,955,135

Down $307,826 (-4.2%) from 2016

Expenses

Down

$6,738,764

Down $385,059 (-5.4%) from 2016

Net Income

Up

$216,371

Up $77,233 (+56%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $2,166,765Liabilities 2011: $2,556,046Net Assets 2011: -$389,2812011Assets 2012: $2,254,711Liabilities 2012: $2,255,102Net Assets 2012: -$3912012Assets 2013: $2,151,994Liabilities 2013: $2,274,456Net Assets 2013: -$122,4622013Assets 2014: $2,350,138Liabilities 2014: $2,162,714Net Assets 2014: $187,4242014Assets 2015: $2,199,737Liabilities 2015: $2,177,277Net Assets 2015: $22,4602015Assets 2016: $2,156,348Liabilities 2016: $2,289,177Net Assets 2016: -$132,8292016Assets 2017: $2,279,838Liabilities 2017: $2,195,716Net Assets 2017: $84,1222017Assets 2018: $2,020,579Liabilities 2018: $2,169,284Net Assets 2018: -$148,7052018Assets 2019: $1,814,260Liabilities 2019: $1,950,231Net Assets 2019: -$135,9712019Assets 2020: $1,958,684Liabilities 2020: $1,922,053Net Assets 2020: $36,6312020Assets 2021: $1,772,657Liabilities 2021: $2,051,969Net Assets 2021: -$279,3122021Assets 2022: $1,648,663Liabilities 2022: $2,051,895Net Assets 2022: -$403,2322022Assets 2023: $2,062,033Liabilities 2023: $2,189,561Net Assets 2023: -$127,5282023Assets 2024: $1,890,413Liabilities 2024: $1,929,248Net Assets 2024: -$38,8352024Assets 2025: $2,269,696Liabilities 2025: $1,765,838Net Assets 2025: $503,8582025

Highlighted filing

2017

Assets$2,279,838
Liabilities$2,195,716
Net Assets$84,122

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $8,653,9492011Expenses 2012: $8,528,8402012Expenses 2013: $8,015,4692013Revenue 2014: $8,523,482Expenses 2014: $8,212,747Net Income 2014: $310,7352014Revenue 2015: $7,145,012Expenses 2015: $7,371,847Net Income 2015: -$226,8352015Revenue 2016: $7,262,961Expenses 2016: $7,123,823Net Income 2016: $139,1382016Revenue 2017: $6,955,135Expenses 2017: $6,738,764Net Income 2017: $216,3712017Revenue 2018: $6,616,595Expenses 2018: $6,847,660Net Income 2018: -$231,0652018Revenue 2019: $7,145,787Expenses 2019: $7,132,974Net Income 2019: $12,8132019Revenue 2020: $7,115,077Expenses 2020: $6,951,238Net Income 2020: $163,8392020Revenue 2021: $7,145,917Expenses 2021: $7,461,385Net Income 2021: -$315,4682021Revenue 2022: $7,386,851Expenses 2022: $7,502,572Net Income 2022: -$115,7212022Revenue 2023: $8,240,698Expenses 2023: $7,949,724Net Income 2023: $290,9742023Revenue 2024: $7,799,383Expenses 2024: $7,710,974Net Income 2024: $88,4092024Revenue 2025: $8,576,622Expenses 2025: $8,036,509Net Income 2025: $540,1132025

Highlighted filing

2017

Revenue$6,955,135
Expenses$6,738,764
Net Income$216,371
Jump To
Filing Snapshot
Filing Period
Mar 1, 2016 to Feb 28, 2017
Signed
Sep 26, 2017
Return Version
2016v3.0
Gross Receipts
$6,955,135
Mission and Program Overview

Mission

Providing literary works of excellence to the general public and publishing the works of unknown writers.

Providing literary works of excellence to the general public and publishing the works of unknown writers who demonstrate exceptional literary talent.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$816,366$806,111▼ $10,255
Savings and Temporary Cash Investments$144,969$725,721▲ $580,752
Accounts Receivable$569,459$208,282▼ $361,177
Cash and Non-Interest-Bearing Accounts$213,828$170,650▼ $43,178
Inventories for Sale or Use$106,606$141,204▲ $34,598
Prepaid Expenses and Deferred Charges$199,537$117,632▼ $81,905
Investments in Publicly Traded Securities$105,583$110,238▲ $4,655
Total Assets$2,156,348$2,279,838▲ $123,490
Liabilities
Deferred Revenue$1,650,032$1,640,830▼ $9,202
Accounts Payable and Accrued Expenses$382,992$334,949▼ $48,043
Other Liabilities$256,153$219,937▼ $36,216
Total Liabilities$2,289,177$2,195,716▼ $93,461
Net Assets / Fund Balance
Unrestricted Net Assets$-132,829$84,122▲ $216,951
Total Net Assets Fund Balance$-132,829$84,122▲ $216,951
Total Liabilities and Net Assets / Fund Balance$2,156,348$2,279,838▲ $123,490

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$752,661$319,956$1,072,617
Buildings$0$1,000,000$1,000,000
Equipment$47,527$116,316$163,843
Other Land Buildings$5,923$11,632$17,555
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lynn CarlsonTreasurer, VP/gen ManagerFT$242,933-$242,933
Giulia MelucciVP Public RelationsFT$166,733$7,787$174,520
Jocelyn GianniniVP AdvertisingFT$115,000$7,787$122,787
Kim LauSenior AccountantFT$100,137$22,192$122,329
Shawn GreenVP CirculationFT$107,259$13,238$120,497
Barbara Andreasson Retired 11317SecretaryFT$85,921$6,387$92,308
John R MacarthurPres, Publishr,dir,trusteeFT$19,553-$19,553

Board Members and Trustees

NameTitle
Robert VolanteChairman/director
Andrew J BacevichDirector
Eric FonerDirector
James Webb Resigned 113016Director
Rosa BrooksDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$4,405,000
Program Service Revenue
$2,505,650
Investment Income
$4,389
Other Revenue
$40,096
All Other Contributions
$4,405,000
Change in Net Assets
$216,371

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,955,135
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$580
Total Revenue per Audited Statements
$6,955,715
Total Revenue per Form 990
$6,955,135
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,324,012
Salaries, Compensation, and Employee Benefits$2,414,752
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$905,682$184,987-$1,090,669
Current Officers, Directors, Trustees, and Key Employees$590,700$348,407-$939,107
Office Expenses$654,038$65,364-$719,402
Other Employee Benefits$198,855$36,001-$234,856
Payroll Taxes$110,671$39,449-$150,120
Other Expenses$140,490--$140,490
Information Technology$111,654--$111,654
Advertising$68,211$4,679-$72,890
Fees for Services Other$19,249$53,613-$72,862
Occupancy-$71,618-$71,618
Travel$60,384$9,487-$69,871
Insurance$25,455$35,230-$60,685
Depreciation Depletion-$41,576-$41,576
Fees for Services Accounting-$21,373-$21,373
Interest$13,784--$13,784
All Other Expenses$12,664--$12,664
Fees for Services Legal$3,138--$3,138
Total Functional Expenses$5,826,980$911,784$0$6,738,764

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,738,764
Total Expenses per Audited Statements$6,738,764
Total Expenses per Form 990$6,738,764
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation$219,937
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 was distributed to all board members for their review and approval prior to filing said form.

Form 990, Part VI, Section C, Line 19

Form 990 and financial statements are available at the illinois attorney general website and nys charitable bureau website. Governing documents and conflict of interest policy are not available.

Filing and Contact Details

Filer

Filer Name
HARPER'S MAGAZINE FOUNDATION
EIN
36-3103085
Phone
2124205720
Address
666 BROADWAY 11TH FLOOR, NEW YORK, NY 10012

Signing Officer

Name
John R Macarthur
Title
Pres., Publisher, Director, Trustee
Phone
2124205720
Signed
2017-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John R Macarthur
Formed
1980
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
35
Volunteers
15

Preparer

Firm
Citrin Cooperman
Address
529 FIFTH AVENUE, NEW YORK, NY 10017
Preparer
Ronald Carlen
Phone
2126971000
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C Explanation

The process of the committee selecting an independent accountant has not changed from the previous year. The process of the committee assuming responsibility for the audit has not changed from the previous year.

Financial Statement Notes

PART X, LINE 2:

The foundation recognizes and measures its unrecognized tax benefits in accordance with fasb asc 740, income taxes. Under that guidance, management assesses the likelihood, based on their technical merit, that tax positions will be sustained upon examination based on the facts, circumstances and information available at the end of each period. The measurement of unrecognized tax benefits is adjusted when new information is available or when an event occurs that requires a change. Management evaluated the foundation's tax positions and concluded that it took no uncertain tax positions that would require adjustments to the financial statements.

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IRS990/Form990PartVIISectionAGrp/PersonNm0JOHN R MACARTHUR
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRES, PUBLISHR,DIR,TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
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IRS990/PrincipalOfficerNm0JOHN R MACARTHUR
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IRS990/ProgSrvcAccomActy2Grp/Desc0PUBLICATION OF VARIOUS BOOKS.
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
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IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990/RoyaltiesRevenueGrp/ExclusionAmt040096
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0144969
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0725721
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt05428000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt04550000
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04389
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt04291
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02740
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02485933
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02538565
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03104136
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03219812
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt014032634
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IRS990ScheduleA/InvestmentIncomePYPct00.00050
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt071712
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0101506
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/PublicSupportPY509Pct00.38710
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt07288484
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt08615188
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt07891125
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt037831732
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
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IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01000000
IRS990ScheduleD/EquipmentGrp/BookValueAmt047527
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0116316
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0163843
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06738764
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0752661
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0319956
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01072617

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.27$1.77$0.50$8.58$8.04$0.54
2024Detailed filing. Detailed filing data is available for this year.$1.89$1.93$0.04$7.80$7.71$0.09
2023Detailed filing. Detailed filing data is available for this year.$2.06$2.19$0.13$8.24$7.95$0.29
2022Detailed filing. Detailed filing data is available for this year.$1.65$2.05$0.40$7.39$7.50$0.12
2021Detailed filing. Detailed filing data is available for this year.$1.77$2.05$0.28$7.15$7.46$0.32
2020Detailed filing. Detailed filing data is available for this year.$1.96$1.92$0.04$7.12$6.95$0.16
2019Detailed filing. Detailed filing data is available for this year.$1.81$1.95$0.14$7.15$7.13$0.01
2018Detailed filing. Detailed filing data is available for this year.$2.02$2.17$0.15$6.62$6.85$0.23
2017Detailed filing. Detailed filing data is available for this year.$2.28$2.20$0.08$6.96$6.74$0.22
2016Detailed filing. Detailed filing data is available for this year.$2.16$2.29$0.13$7.26$7.12$0.14
2015Detailed filing. Detailed filing data is available for this year.$2.20$2.18$0.02$7.15$7.37$0.23
2014Detailed filing. Detailed filing data is available for this year.$2.35$2.16$0.19$8.52$8.21$0.31
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.15$2.27$0.12$8.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$2.26$0.00$8.53
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.17$2.56$0.39$8.65