Facets-Multimedia Incorporated
- Assets
- $1.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 23
- Location
- Chicago, IL
- Founding
- 07/1975
- Data as of
- 12/2021
- EIN
- 23-7446373
Organization Overview
Facets-Multimedia Incorporated is located in Chicago, IL. The organization was established in 1975. 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, Facets-Multimedia Incorporated employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Facets-Multimedia Incorporated 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, Facets-Multimedia Incorporated generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $945.7k 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
THE ORGANIZATION DISTRIBUTES AND PUBLISHES FILM TO ENHANCE THE ART OF CINEMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTS SEMINARS, DISTRIBUTES AND PUBLISHES FILMS AND VIDEOS, PROVIDES THEATRICAL TRAINING INCLUDING CAMPS, WORKSHOPS, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Cardarelli Executive Director/president | OfficerTrustee | 40 | $101,000 |
Randy Adamsick Co-Chair/vice President | OfficerTrustee | 2 | $10,500 |
Gretchen Helfrich Secrertary | OfficerTrustee | 1 | $0 |
Matthew Steinmetz Board Co-Chair | OfficerTrustee | 1 | $0 |
Howard Blietz Treasurer | OfficerTrustee | 1 | $0 |
Judy Bross Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $105,085 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $546,779 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $651,864 |
| Total Program Service Revenue | $371,777 |
| Investment income | $152 |
| 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 | $1,098 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,233,585 |
| 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. | $101,000 |
| Compensation of current officers, directors, key employees. | $50,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $258,046 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,033 |
| Payroll taxes | $39,179 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,166 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,903 |
| Advertising and promotion | $15,302 |
| Office expenses | $0 |
| Information technology | $21,309 |
| Royalties | $0 |
| Occupancy | $44,912 |
| Travel | $2,282 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,255 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,090 |
| Insurance | $17,450 |
| All other expenses | $0 |
| Total functional expenses | $945,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $348,643 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $40,000 |
| Accounts receivable, net | $166,168 |
| Loans from Officers, Directors, or Controlling Persons | $86,634 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $82,380 |
| Prepaid expenses and deferred charges | $101,681 |
| Net Land, buildings, and equipment | $306,056 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,131,562 |
| Accounts payable and accrued expenses | $203,461 |
| Grants payable | $0 |
| Deferred revenue | $26,264 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $353,160 |
| Secured mortgages and notes payable | $499,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,082,785 |
| Net assets without donor restrictions | -$9,655 |
| Net assets with donor restrictions | $58,432 |
| 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 | $1,131,562 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Facets-Multimedia Incorporated has recieved totaling $165,708.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $100,000 |
Stuart R Abelson Foundation Chicago, IL PURPOSE: GENERAL OPERATING PURPOSES | $35,700 |
Prince Foundation Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $8 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Motion Picture Studio Mechanics Union Local 476 Welfare Fund Chicago, IL | $11,578,418 | $19,043,611 |
Milwaukee Film Inc Milwaukee, WI | $11,142,698 | $5,451,115 |
Kartemquin Educational Films Chicago, IL | $3,174,379 | $4,498,578 |
Full Spectrum Features Nfp Chicago, IL | $1,176,346 | $2,082,694 |
The Historymakers Chicago, IL | $11,203,643 | $3,175,641 |
Filmscene Iowa City, IA | $4,227,743 | $1,496,173 |
Kindling Group Nfp Chicago, IL | $1,023,785 | $1,220,698 |
Chicago International Film Festival Inc Cinema-Chicago Chicago, IL | $285,412 | $1,440,055 |
Facets-Multimedia Incorporated Chicago, IL | $1,131,562 | $1,233,585 |
Fresh Films Rock Island, IL | $1,182,090 | $1,432,613 |
Chicago Filmmakers Chicago, IL | $2,683,095 | $764,058 |
Indianapolis Film Project Inc Indianapolis, IN | $6,275,341 | $997,400 |