Light Industry Cinema Projects Ltd
- Assets
- $11.1k
- Revenue
- $173.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 02/2009
- Data as of
- 07/2023
- EIN
- 26-3067360
Organization Overview
Light Industry Cinema Projects Ltd is located in Brooklyn, NY. The organization was established in 2009. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Light Industry Cinema Projects Ltd 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 07/2023, Light Industry Cinema Projects Ltd generated $173.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $269.7k during the year ending 07/2023. 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
LIGHT INDUSTRY CINEMA PROJECTS PROMOTES CINEMA AS AN ART FORM THROUGH THE PRESENTATION OF EVENTS IN NEW YORK CITY AT OUR DEDICATED SPACE AND OTHER SPACES, PUBLISHING, AND ASSISTANCE TO SELECT FILM PRODUCTIONS. THE GOAL OF THE ORGANIZATION IS TO BRING TOGETHER OTHERWISE DISPARATE ARTISTIC COMMUNITIES, INCLUDING FILMMAKING, THE ART WORLD, ACADEMIA AND MUSIC, BY WORKING WITH NOTABLE CURATORS, ARTISTS AND WRITERS. OUR PROGRAMMING INCLUDES SCREENINGS, LECTURES, AND PERFORMANCES, WITH A CENTRAL THEME OF THE ART OF THE MOVING IMAGE IN ALL ITS FORMS. OUR ORGANIZATION PUBLICIZES AND PROMOTES EACH WEEK'S EVENT THROUGH PRESS RELEASES, A WEBSITE, MAILING LIST AND OTHER FORMS OF ONLINE MARKETING. WE ALSO HAVE INITIATED A PAID INTERNSHIP PROGRAM IN WHICH COLLEGE STUDENTS AND RECENT GRADUATES CAN LEARN ABOUT THE PRACTICE OF FILM AND ART EXHIBITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL PERIOD FROM THE MIDDLE OF 2022 TO THE MIDDLE OF 2023, LIGHT INDUSTRY CINEMA PROJECTS PRESENTED 43 PUBLIC PROGRAMS IN NEW YORK CITY, WITH AN IN-PERSON ATTENDANCE OF APPROXIMATELY 5000 TOTAL INDIVIDUALS.
DESIGN AND EDITORIAL WORK ON TWO UPCOMING FILM PUBLICATIONS, OLIA LIALINA AND COUSIN READER.
FISCAL SPONSORSHIP OF THE FILM CLEAN ME
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Beard Director | Trustee | 40 | $35,750 |
Edward Halter Director | Trustee | 40 | $30,000 |
Brian L Frye Trustee | Trustee | 2 | $0 |
Jeffrey S Preiss President | Trustee | 4 | $0 |
Paul Chan Trustee | Trustee | 1 | $0 |
Max Weinman Secretary | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,700 |
| Related organizations | $0 |
| Government grants | $73,780 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,953 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,433 |
| Total Program Service Revenue | $35,595 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $510 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $173,538 |
| 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. | $65,750 |
| Compensation of current officers, directors, key employees. | $25,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $855 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,719 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,464 |
| Advertising and promotion | $761 |
| Office expenses | $9,368 |
| Information technology | $1,937 |
| Royalties | $0 |
| Occupancy | $51,367 |
| Travel | $6,909 |
| 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 | $2,924 |
| All other expenses | $0 |
| Total functional expenses | $269,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,108 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,108 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $11,108 |
| 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 | $11,108 |