Nonprofit · EIN 13-3108424
FOUNDATION FOR CULTURAL REVIEW INC
Tax-exempt · NEW YORK, NY 10003
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,486,821 | $3,883,727 | $603,094 | $17,189,833 | $955,581 | $16,234,252 |
| June 30, 2024 | 990 | $3,835,954 | $3,510,545 | $325,409 | $15,950,761 | $1,275,488 | $14,675,273 |
| June 30, 2023 | 990 | $3,547,710 | $3,280,104 | $267,606 | $14,305,006 | $1,252,707 | $13,052,299 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,119,824
- Program service revenue
- $573,525
- Investment income
- $788,799
- Royalties
- $4,673
- Net gain from sales of assets
- $316,524
- Other revenue
- $4,673
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,110,001
- Salaries, compensation and benefits (total)
- $1,547,858
- Professional fundraising fees
- $0
- Occupancy
- $163,248
- Travel
- $70,324
- Depreciation
- $23,742
- Program services (functional)
- $1,991,321
- Management and general (functional)
- $1,156,641
- Fundraising (functional)
- $735,765
Balance sheet and other
- Total assets, start of year
- $15,950,761
- Total assets, end of year
- $17,189,833
- Total liabilities, end of year
- $955,581
- Net assets, end of year
- $16,234,252
- Land, buildings and equipment
- $109,900
- Publicly traded securities
- $15,463,503
- Net assets without donor restrictions
- $16,134,252
- Net assets with donor restrictions
- $100,000
- Gross receipts
- $5,794,000
- Employees
- 9
- Year formed
- 1982
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROGER KIMBALL | VICE CHAIRMA Officer | 40 | $345,960 |
| JAMES PANERO | EXECUTIVE DI Highest-paid employee | 40 | $269,175 |
| BENJAMIN RILEY | MANAGING EDI Highest-paid employee | 40 | $117,000 |
| CAETLYNN J BOOTH | OFFICE MANAG Highest-paid employee | 40 | $103,717 |
| ERICH EICHMAN | DIRECTOR Trustee or director | – | $0 |
| LIONEL GOLDFRANK | DIRECTOR Trustee or director | – | $0 |
| MARCO GRASSI | DIRECTOR Trustee or director | – | $0 |
| STEPHEN W JENKS | DIRECTOR Trustee or director | – | $0 |
| RICHARD MILLER JR | DIRECTOR Trustee or director | – | $0 |
| PETER PETTUS | DIRECTOR Trustee or director | – | $0 |
| CHRISTOPHER LACONI | SECRETARY Officer | – | $0 |
| RUSSELL P PENNOYER | TREASURER Officer | – | $0 |
| JAMES PIERESON | CHAIRMAN Officer | – | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROGER KIMBALL | VICE CHAIRMA Officer | 40 | $327,234 |
| JAMES PANERO | EXECUTIVE DI Highest-paid employee | 40 | $249,075 |
| BENJAMIN RILEY | MANAGING EDI Highest-paid employee | 40 | $105,000 |
| ERICH EICHMAN | DIRECTOR Trustee or director | – | $0 |
| LIONEL GOLDFRANK | DIRECTOR Trustee or director | – | $0 |
| MARCO GRASSI | DIRECTOR Trustee or director | – | $0 |
| STEPHEN W JENKS | DIRECTOR Trustee or director | – | $0 |
| RICHARD MILLER JR | DIRECTOR Trustee or director | – | $0 |
| PETER PETTUS | DIRECTOR Trustee or director | – | $0 |
| RUSSELL P PENNOYER | TREASURER Officer | – | $0 |
| JAMES PIERESON | CHAIRMAN Officer | – | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROGER KIMBALL | VICE CHAIRMA Officer | 40 | $304,960 |
| JAMES PANERO | EXECUTIVE DI Highest-paid employee | 40 | $231,575 |
| ERICH EICHMAN | DIRECTOR Trustee or director | – | $0 |
| LIONEL GOLDFRANK | DIRECTOR Trustee or director | – | $0 |
| MARCO GRASSI | DIRECTOR Trustee or director | – | $0 |
| STEPHEN W JENKS | DIRECTOR Trustee or director | – | $0 |
| RICHARD MILLER JR | DIRECTOR Trustee or director | – | $0 |
| PETER PETTUS | DIRECTOR Trustee or director | – | $0 |
| CHRISTOPHER LACONI | SECRETARY Officer | – | $0 |
| RUSSELL P PENNOYER | TREASURER Officer | – | $0 |
| JAMES PIERESON | CHAIRMAN Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 900 BROADWAY STE 602, NEW YORK, NY 10003-1237
- Principal officer (990 for 2024)
- ROGER KIMBALL, 900 BROADWAY SUITE 602, NEW YORK, NY 10003
- Signed the 990
- ROGER KIMBALL, VICE CHAIRMAN
- Phone
- (212) 247-6980
- Website
- WWW.NEWCRITERION.COM
- Return prepared by
- MARTIN MELZER CPA PC
Mission
TO FOSTER, PROMOTE, ENCOURAGE AND FINANCE RESEARCH, DISCUSSION AND PUBLICATION IN THE BROAD FIELD OF CULTURAL, INTELLECTUAL AND AESTHETIC ACTIVITIES, WITH PARTICULAR REFERENCE TO THEIR FUNCTIONING WITHIN THE CONTEXT OF AMERICAN THOUGHT AND LIFE.
Program accomplishments
- PUBLICATION OF "THE NEW CRITERION". APROXIMATELY 10,000 SUBSCRIBERS AND 1,150 OTHER PAID CIRCULATION AS OF 6/30/22. ALL EXPENSES SHOWN IN PART IX RELATE TO THE PUBLICATION OF THE MAGAZINE.Expenses $1,436,320
- PUBLICATION OF "THE NEW CRITERION". APROXIMATELY 10,000 SUBSCRIBERS AND 1,150 OTHER PAID CIRCULATION AS OF 6/30/22. ALL EXPENSES SHOWN IN PART IX RELATE TO THE PUBLICATION OF THE MAGAZINE.Expenses $555,001
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3108424
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1982
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A33Z)
- Assets (IRS master file)
- $17,189,833
- Income (IRS master file)
- $5,794,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,486,821 | $3,883,727 | $17,189,833 | XML |
| 990 | June 2024 | $3,835,954 | $3,510,545 | $15,950,761 | XML |
| 990 | June 2023 | $3,547,710 | $3,280,104 | $14,305,006 | XML |
| 990 | June 2022 | $4,249,129 | $2,987,418 | $12,052,369 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3108424).
Questions about FOUNDATION FOR CULTURAL REVIEW INC
- What is the EIN of FOUNDATION FOR CULTURAL REVIEW INC?
- The employer identification number (EIN) of FOUNDATION FOR CULTURAL REVIEW INC is 13-3108424.
- Is FOUNDATION FOR CULTURAL REVIEW INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to FOUNDATION FOR CULTURAL REVIEW INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION FOR CULTURAL REVIEW INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FOUNDATION FOR CULTURAL REVIEW INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDATION FOR CULTURAL REVIEW INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FOUNDATION FOR CULTURAL REVIEW INC?
- The 990 for the year ended June 30, 2025 names ROGER KIMBALL.
- Who are the officers and directors of FOUNDATION FOR CULTURAL REVIEW INC?
- The 990 for the year ended June 30, 2025 lists 13 people; 4 received compensation from the organization, the highest $345,960 (ROGER KIMBALL, VICE CHAIRMA).
- How much revenue does FOUNDATION FOR CULTURAL REVIEW INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,486,821, expenses of $3,883,727 and total assets of $17,189,833 at year end.
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