Monthly Review Foundation is located in New York, NY. The organization was established in 1980. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Monthly Review Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monthly Review Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Monthly Review Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 3.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A BOOK PUBLISHER, WHOSE BOOKS ARE USED IN UNIVERSITIES. THIS GIVES THE AUTHORS THE ABILITY TO PUBLISH THEIR IDEAS.
OTHER
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Paddio Secretary | Officer | 40 | $97,241 |
John Foster President | Officer | 5 | $45,700 |
Bob Mc Chesney Director | Trustee | $0 | |
Brett Clark Director | Trustee | $0 | |
Bernardine Dohrn Director | Trustee | $0 | |
Hanna Holleman Director | Trustee | $0 |
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $355,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $355,200 |
| Total Program Service Revenue | $1,007,116 |
| Investment income | $52,895 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,414,608 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $142,940 |
| Compensation of current officers, directors, key employees. | $42,882 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $243,225 |
| Pension plan accruals and contributions | $23,575 |
| Other employee benefits | $109,704 |
| Payroll taxes | $29,149 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,070 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,330 |
| Office expenses | $37,122 |
| Information technology | $13,027 |
| Royalties | $0 |
| Occupancy | $43,168 |
| Travel | $18,027 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,126 |
| All other expenses | $13,999 |
| Total functional expenses | $1,437,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600,765 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,065 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $444,423 |
| Prepaid expenses and deferred charges | $10,690 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,285,212 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,635 |
| Total assets | $2,444,790 |
| Accounts payable and accrued expenses | $9,854 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $153,144 |
| Total liabilities | $162,998 |
| Net assets without donor restrictions | $2,275,041 |
| Net assets with donor restrictions | $6,751 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,444,790 |