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Foundation For Cultural Review

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133108424 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Foundation For Cultural Review?

The Foundation for Cultural Review is a nonprofit organization situated in New York City, specifically at 900 BROADWAY SUITE 602, New York, NY 10003. Their primary focus is to stimulate, support, and boost research, dialogue, and publication in the extensive realm of cultural, intellectual, and aesthetic activities. They hold a particular interest in understanding how these activities operate within the broader context of American thought and life. As of June 30, 2022, they boast approximately 10,000 subscribers and an additional 1,150 paid circulation. Their activities are primarily centered around publishing "The New Criterion," a magazine, and all the associated expenses are accounted for in their financial reports. The Foundation for Cultural Review employs a team of nine individuals, contributing to their mission.


Official website here: www.newcriterion.com

What are the reviews and ratings of this charity?

Charity Navigator Rating 77% - Three-Star out of Four Star rating

The Foundation for Cultural Review has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The rating is derived entirely from its strong performance in the Accountability & Finance beacon, where it scored 77%. Notably, the organization boasts a fully independent board and has no material diversion of assets, reflecting its commitment to transparency and good governance.

The nonprofit's strengths include a high percentage of independent board members, a lack of loans to or from officers, and well-established policies such as conflict of interest and whistleblower protections. The organization also maintains a favorable liabilities-to-assets ratio and demonstrates efficiency in fundraising, with a low cost of fundraising per dollar raised.

However, the program expense ratio is at 54.06%, which may indicate that there is room for improvement in allocating funds directly to its programs. Overall, while the Foundation for Cultural Review exhibits strong governance and financial practices, enhancing its program spending could further strengthen its impact.


This AI summary has been generated from information found on Charity Navigator.

Is Foundation For Cultural Review legitimate?

Foundation For Cultural Review is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Cultural Review submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $284,959
Professional Fundraising Fees: $0
Other Salaries and Wages: $435,319

For more financial information, click here


Official website here: www.newcriterion.com

What is the mission statement of Foundation For Cultural Review?

The Foundation for Cultural Review seeks to stimulate, encourage, and sponsor research, discussions, and publications in the expansive realm of cultural, intellectual, and aesthetic activities. With a focus on their role within the American context, the foundation aims to foster a deeper understanding and appreciation of these activities. Their primary method of executing this mission is through the publication of "The New Criterion." As of June 30, 2022, the magazine boasts approximately 10,000 subscribers and an additional 1,150 paid circulation.


Official website here: www.newcriterion.com

Who is the CEO of Foundation For Cultural Review?

Roger Kimball is the Vice Chairma of Foundation For Cultural Review.


Official website here: www.newcriterion.com

What is the revenue of Foundation For Cultural Review?

Foundation For Cultural Review's revenue in 2022 was $4,249,129.


Official website here: www.newcriterion.com

Who are the executives of Foundation For Cultural Review and what are their salaries?

The average compensation at Foundation For Cultural Review during 2022 was $80,031. There are 9 employees at Foundation For Cultural Review.


Here are 12 key members and their salaries:


Roger Kimball (Vice Chairma)
  • Compensation: $284,960
  • Related: $0
  • Other: $0
James Panero (Executive Ed)
  • Compensation: $214,076
  • Related: $0
  • Other: $0
Erich Eichman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lionel Goldfrank (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marco Grassi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen W Jenks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Miller Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Kagan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Pettus (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Laconi (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russell P Pennoyer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Piereson (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.newcriterion.com

Where can I find the form 990 for Foundation For Cultural Review?

Foundation For Cultural Review's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.newcriterion.com

Learn more at the official website: www.newcriterion.com

Mission Statement of Foundation For Cultural Review

The Foundation for Cultural Review, as an organization, is committed to fostering, promoting, and encouraging research, discussion, and publication in the vast field of cultural, intellectual, and aesthetic activities. This mission is particularly focused on understanding how these activities function within the context of American thought and life. In simple terms, the Foundation seeks to support and finance scholarly work and creative expression that contributes to our collective understanding of culture and its role in shaping our society.

One of the key ways the Foundation achieves its mission is through the publication of "The New Criterion," a magazine that currently boasts approximately 10,000 subscribers and an additional 1,150 paid circulation as of June 30, 2022. This publication serves as a platform for showcasing and disseminating thoughtful and insightful analysis of cultural, intellectual, and aesthetic activities, providing a valuable resource for those interested in these topics. By financing and supporting the publication of "The New Criterion," the Foundation is able to make a significant contribution to the field of cultural studies and enrich our collective cultural discourse.

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Impact




August, 2024

Foundation For Cultural Review's impact lies in fostering, promoting, encouraging, and financing research, discussion, and publication in the broad field of cultural, intellectual, and aesthetic activities with a particular focus on their role within American thought and life. Its publication, "The New Criterion," reaches approximately 10,000 subscribers and has 1,150 other paid circulation as of 6/30/22. Through this platform, the foundation contributes to the discourse surrounding arts, culture, and intellectual pursuits, influencing and shaping discussions within these spheres.




This information is meant to be a general summary of Foundation For Cultural Review. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$4,249,129 (2022)
Expenses
$2,987,418 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $623,631
  • Program Service Revenue: $419,103
  • Gross Receipts: $5,175,895

Assets and Liabilities:

  • Total Assets: $12,052,369
  • Total Liabilities: $95,623
  • Net Assets: $11,956,746

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

SUBSCRIPTION INCOME

Revenue

$375,678

PROGRAM SERVICES

Revenue

$39,700

BOOK SALES

Revenue

$2,817

RENTALS

Revenue

$908

Organization Details

Founding Year

1982

Principal Officer

Roger Kimball

Main Address

900 BROADWAY SUITE 602, NEW YORK, NY, 10003

NTEE Category

Code: A33Z - Arts

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