New Plaza Cinema Inc
- Assets
- $85.7k
- Revenue
- $235.7k
- Investments
- $0.0
- Employees
- 7
- Location
- New York, NY
- Founding
- 11/2019
- Data as of
- 12/2022
- EIN
- 36-4905957
Organization Overview
New Plaza Cinema Inc is located in New York, NY. The organization was established in 2019. 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 12/2022, New Plaza Cinema Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Plaza Cinema 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 12/2022, New Plaza Cinema Inc generated $235.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $246.5k during the year ending 12/2022. While expenses have increased by 6.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FIND A PERMANENT SPACE ON THE UPPER WEST SIDE TO CREATE AND OPERATE A NOT-FOR-PROFIT NEIGHBORHOOD CINEMA DEVOTED TO QUALITY INDEPENDENT AND FOREIGN FILMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN JANUARY 2020, THE PART-TIME CINEMA WE HAD BEEN USING WAS TOTALLY DESTROYED BY A FLOOD AND REMAINS UNREPAIRED. AS COVID-19 SURFACED, WE COMMENCED A VIRTUAL CINEMA PRESENCE WHICH IS CONTINUING. NEW PLAZA CINEMA CREATED A VIRTUAL PROGRAM OFFERING CURRENT FILMS, LECTURES AND TALK-BACK EVENTS TO THE PUBLIC ON ZOOM, MOST OF WHICH WERE NOT AVAILABLE TO THE PUBLIC DURING COVID-19 AND ALL OF WHICH PROVIDED THE PUBLIC WITH AN OPPORTUNITY TO LEARN ABOUT CHALLENGING SOCIALLY-RELEVANT SUBJECT MATTER. MORE THAN 9,000 PEOPLE ATTENDED THESE SCREENINGS AND SPECIAL EVENTS THROUGH THE PRESENT. THESE PROGRAMS, SOME OFFERED FOR FREE AND MANY OF WHICH INCLUDED A ZOOM Q&A, ATTRACTED DIVERSE MEMBERS OF THE PUBLIC IN NEW YORK CITY AND THROUGHOUT THE UNITED STATES AND WORLDWIDE, TO LEARN ABOUT AND EXPLORE THE ART OF INDEPENDENT FILM, INCLUDING FOREIGN AND DOCUMENTARY FILM, AND TO ENGAGE WITH THE CHALLENGING, SOCIALLY RELEVANT SUBJECT MATTER OF SUCH FILMS. APPROXIMATELY A RANGE OF 150 - 600 PEOPLE ATTENDED THE ZOOM LECTURES AND TALKBACKS. IN ADDITION, WE WERE ABLE TO RENT A 72-SEAT OFF-BROADWAY THEATER FROM EARLY FEBRUARY TO LATE JUNE 2022 AND CONSTRUCTED A SCREEN THERE, SHOWING FILMS EVERY THURSDAY THROUGH SUNDAY. WE BEGAN SUCCESSFULLY SHOWING FILMS UNDER A ONE-YEAR LICENSE AGREEMENT ON SEPTEMBER 30, 2022. IN SEPTEMBER 2023, PRIOR TO THE END OF THE LICENSE AGREEMENT, WE ENTERED INTO ANOTHER ONE-YEAR LICENSE AGREEMENT WHICH AUTHORIZES NEW PLAZA CINEMA TO CONTINUE TO SHOW WEEKEND FILMS VIRTUALLY EVERY WEEK THROUGH THE END OF SEPTEMBER 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Palmucci Foundation Mgr. | Officer | 20 | $30,000 |
Wayne Kabak Director | Trustee | 2 | $0 |
Guy-Max Delphin Director | Trustee | 20 | $0 |
Claudine Bacher Director | Trustee | 10 | $0 |
Susanne Rostock Director | Trustee | 20 | $0 |
Norma Levy President | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $93,359 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,359 |
| Total Program Service Revenue | $142,382 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $235,741 |
| 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 | $0 |
| Other salaries and wages | $36,653 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,810 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $335 |
| Fees for services: Accounting | $1,781 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,512 |
| Advertising and promotion | $23,567 |
| Office expenses | $707 |
| Information technology | $1,903 |
| Royalties | $26,571 |
| Occupancy | $28,339 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,617 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,956 |
| All other expenses | $0 |
| Total functional expenses | $246,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,713 |
| 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 | $85,713 |
| 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 | $85,713 |
| 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 | $85,713 |