Seventh Art Corporation Of Ithaca
- Assets
- $614.5k
- Revenue
- $951.0k
- Investments
- $0.0
- Employees
- 15
- Location
- Ithaca, NY
- Founding
- 05/2001
- Data as of
- 12/2021
- EIN
- 16-1596844
Organization Overview
Seventh Art Corporation Of Ithaca is located in Ithaca, NY. The organization was established in 2001. 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 12/2021, Seventh Art Corporation Of Ithaca employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seventh Art Corporation Of Ithaca 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 12/2021, Seventh Art Corporation Of Ithaca generated $951.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $662.7k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE CENTRAL NEW YORK RESIDENTS TO EXPLORE THE POWER OF FILM TO ENTERTAIN, EDUCATE, AND TO CELEBRATE THE HUMAN EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A FIVE SCREEN CINEMA DEVOTED TO FILMS OF ARTISTIC RATHER THAN COMMERCIAL VALUE IN ADDITION TO ORGANIZING FILM SYMPOSIUMS AND EDUCATIONAL PROGRAMS IN COOPERATION WITH AREA SCHOOLS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Bossard Executive Director | Officer | 40 | $74,319 |
Derek Burrows Treasurer | OfficerTrustee | 1 | $0 |
Luca Maurer Secretary | OfficerTrustee | 1 | $0 |
Don Rakow Vice President | OfficerTrustee | 1 | $0 |
Allison Andersen President | OfficerTrustee | 1 | $0 |
Carol Bushberg Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $659,905 |
| All other contributions, gifts, grants, and similar amounts not included above | $101,675 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $761,580 |
| Total Program Service Revenue | $164,238 |
| Investment income | $39 |
| 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 | $25,188 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $951,045 |
| 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. | $83,598 |
| Compensation of current officers, directors, key employees. | $20,899 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $124,358 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,152 |
| Payroll taxes | $15,082 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,476 |
| Office expenses | $18,805 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $222,787 |
| Travel | $1,107 |
| 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 | $11,954 |
| Insurance | $12,680 |
| All other expenses | $9,086 |
| Total functional expenses | $662,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $458,510 |
| Savings and temporary cash investments | $55,819 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,135 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $756 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $53,325 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $614,545 |
| Accounts payable and accrued expenses | $28,213 |
| 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 | $0 |
| Total liabilities | $28,213 |
| Net assets without donor restrictions | $586,332 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $614,545 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Seventh Art Corporation Of Ithaca has recieved totaling $10,042.
| Awarding Organization | Amount |
|---|---|
Foundation For Jewish Philanthropies Getzville, NY PURPOSE: GENERAL PURPOSES | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $42 |
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 |