Indie Memphis
- Assets
- $292.8k
- Revenue
- $430.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Memphis, TN
- Founding
- 03/2009
- Data as of
- 12/2021
- EIN
- 26-2165160
Organization Overview
Indie Memphis is located in Memphis, TN. The organization was established in 2009. 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, Indie Memphis employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indie Memphis 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, Indie Memphis generated $430.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $727.3k 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 BUILD AN APPRECIATION FOR QUALITY INDEPENDENT FILMS AND THE ART OF FILMMAKING IN THE MEMPHIS AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING CALENDAR YEAR 2021, INDIE MEMPHIS SCREENED OVER 150 FILMS AND PARTNERED WITH OTHER REGIONAL NONPROFITS TO PROMOTE FILM AS A CULTURAL AMENITY AND TO DRIVE ECONOMIC DEVELOPMENT. THE 23RD ANNUAL INDIE MEMPHIS FILM FESTIVAL WAS HELD IN OCTOBER 2021.
DURING CALENDAR YEAR 2021, INDIE MEMPHIS SCREENED OVER 150 FILMS AND PARTNERED WITH OTHER REGIONAL NONPROFITS TO PROMOTE FILM AS A CULTURAL AMENITY AND TO DRIVE ECONOMIC DEVELOPMENT. THE 23RD ANNUAL INDIE MEMPHIS FILM FESTIVAL WAS HELD IN OCTOBER 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Priya Galante Treasurer | OfficerTrustee | $0 | |
Kenn Gibbs Vice Preside | OfficerTrustee | $0 | |
Anton Mack President/in | OfficerTrustee | $0 | |
Juliet Wischmeyer Secretary | OfficerTrustee | $0 | |
Shamichael Hallman Director | Trustee | $0 | |
Bruce Newman Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $146,995 |
| All other contributions, gifts, grants, and similar amounts not included above | $184,374 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $331,369 |
| Total Program Service Revenue | $98,181 |
| Investment income | $693 |
| 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 | $430,243 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $76,158 |
| Other salaries and wages | $252,509 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,148 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $47,230 |
| Office expenses | $1,469 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,053 |
| Travel | $13,383 |
| 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 | $1,982 |
| Insurance | $866 |
| All other expenses | $87,574 |
| Total functional expenses | $727,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,768 |
| Savings and temporary cash investments | $127,798 |
| Pledges and grants receivable | $55,000 |
| Accounts receivable, net | $0 |
| 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 |
| Net Land, buildings, and equipment | $6,270 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $292,836 |
| Accounts payable and accrued expenses | $94,145 |
| 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 | $51,995 |
| Total liabilities | $146,140 |
| Net assets without donor restrictions | $46,696 |
| Net assets with donor restrictions | $100,000 |
| 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 | $292,836 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Indie Memphis has recieved totaling $81,529.
| Awarding Organization | Amount |
|---|---|
Assisi Foundation Of Memphis Inc Memphis, TN PURPOSE: OPERATING SUPPORT | $50,000 |
Arts Memphis Memphis, TN PURPOSE: OPERATING SUPPORT & RECOVERY | $24,000 |
Hohenberg Charity Trust Memphis, TN PURPOSE: SUPPORT FOR THE OPERATIONS OF INDIE MEMPHIS | $5,000 |
Lichterman-Loewenberg Foundation Memphis, TN PURPOSE: PROGRAM RELATED | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $29 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Jewish Film Society Inc Marietta, GA | $1,057,555 | $1,845,019 |
Sidewalk Film Center And Cinema Inc Birmingham, AL | $3,485,005 | $1,620,388 |
Titus International Institute Chattanooga, TN | $1,012,269 | $1,715,109 |
International Window Film Association Martinsville, VA | $402,908 | $1,103,619 |
Workingfilms Inc Wilmington, NC | $1,517,898 | $1,390,064 |
Independent Media Artists Of Ga Etc Inc Atlanta, GA | $644,570 | $1,227,603 |
Bffoundation Bentonville, AR | $329,044 | $1,253,355 |
Middleburg Film Festival Middleburg, VA | $254,170 | $817,838 |
Indie Memphis Memphis, TN | $292,836 | $430,243 |
Riverrun International Film Festival Winstonsalem, NC | $505,941 | $667,831 |
Nashville Film Festival Nashville, TN | $130,233 | $530,082 |
Athens Film Arts Institute Inc Athens, GA | $2,591,562 | $922,375 |