The Independent Feature Project Inc
- Assets
- $3.5m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 20
- Location
- Brooklyn, NY
- Founding
- 05/1983
- Data as of
- 02/2020
- EIN
- 13-3118525
Organization Overview
The Independent Feature Project Inc is located in Brooklyn, NY. The organization was established in 1983. According to its NTEE Classification (A31) the organization is classified as: Film & Video, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 02/2020, Independent Feature Project Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Feature Project Inc 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 02/2020, Independent Feature Project Inc generated $7.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $7.5m during the year ending 02/2020. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF INDEPENDENT FILMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF INDEPENDENT FILMS THROUGH ITS FILM MARKET WEEK SEMINARS, SCREENINGS AND WORKSHOPS TO INFORM AND INSTRUCT HOW TO PRODUCE AND DISTRIBUTE FILMS. THE MADE IN NY MEDIA CENTER, A 20,000 SQUARE FOOT FACILITY, SERVES THE NYC TECH AND CREATIVE COMMUNITIES BY PROVIDING CREATORS WITH FACILITIES, NETWORK, CLASSES AND WORKSHOPS AND ACCESS TO INDUSTRY RESOURCES THAT WILL FUEL ANY STORY, PROJECT, COMPANY OR PLATFORM. 22,500 WERE SERVED IN 2019.
PROMOTION OF INDEPENDENT FILMS THROUGH ITS FILM MARKET WEEK SEMINARS, SCREENINGS AND WORKSHOPS TO INFORM AND INSTRUCT HOW TO PRODUCE AND DISTRIBUTE FILMS. THE MADE IN NY MEDIA CENTER, A 20,000 SQUARE FOOT FACILITY, SERVES THE NYC TECH AND CREATIVE COMMUNITIES BY PROVIDING CREATORS WITH FACILITIES, NETWORK, CLASSES AND WORKSHOPS AND ACCESS TO INDUSTRY RESOURCES THAT WILL FUEL ANY STORY, PROJECT, COMPANY OR PLATFORM. 22,500 WERE SERVED IN 2019.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Sharp Executive Director | Officer | 40 | $254,423 |
Mitchell Micich Deputy Director | Officer | 40 | $169,177 |
John Schmidt Board Treasurer | Officer | 4 | $0 |
Anthony Bregman Board Chairman | Officer | 4 | $0 |
James Janowitz Board Chairman | Officer | 4 | $0 |
Phillip Engelhorn Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,055,761 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $794,449 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,239,136 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $2,934,945 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $659,711 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,177,024 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $103,060 |
| Payroll taxes | $162,423 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,813 |
| Advertising and promotion | $0 |
| Office expenses | $79,737 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $634,886 |
| Travel | $134,803 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,075 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $294,094 |
| Insurance | $54,101 |
| All other expenses | $0 |
| Total functional expenses | $7,473,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,326,861 |
| Savings and temporary cash investments | $82,267 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,151,185 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $114,008 |
| Total assets | $3,453,615 |
| Accounts payable and accrued expenses | $934,277 |
| Grants payable | $0 |
| Deferred revenue | $30,667 |
| 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 | $271,868 |
| Total liabilities | $1,236,812 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,216,803 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Independent Feature Project Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Andreas Rickenbach Foundation Wilmington, DE PURPOSE: FOR FILMMAKER MAGAZINE NEW MEDIA INITIATIVE | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Film At Lincoln Center Inc New York, NY | $47,336,422 | $12,793,835 |
Women Make Movies Inc New York, NY | $4,051,785 | $9,688,918 |
The Independent Feature Project Inc Brooklyn, NY | $3,453,615 | $7,239,136 |
Jacob Burns Film Center Inc Pleasantville, NY | $56,622,968 | $8,221,632 |
Ghetto Film School Inc Bronx, NY | $4,789,477 | $7,574,668 |
Cinereach Ltd New York, NY | $8,475,346 | -$20,278 |
American Documentary Inc Brooklyn, NY | $4,468,317 | $5,634,331 |
Center For Independent Documentary Inc Newton, MA | $4,612,024 | $5,515,136 |
Film Forum Inc New York, NY | $19,050,321 | $4,468,920 |
Harmony Labs Inc New York, NY | $1,442,508 | $4,578,656 |
Alcohol And Drug Abuse Services Inc Port Allegany, PA | $3,920,999 | $4,354,797 |
Tribeca Film Institute Inc New York, NY | $183,631 | $2,652,875 |