Vidiots Foundation
- Assets
- $2.0m
- Revenue
- $974.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Los Angeles, CA
- Founding
- 04/2013
- Data as of
- 12/2022
- EIN
- 45-4712121
Organization Overview
Vidiots Foundation is located in Los Angeles, CA. The organization was established in 2013. 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, Vidiots Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vidiots Foundation 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, Vidiots Foundation generated $974.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $365.3k during the year ending 12/2022. 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
THE VIDIOTS FOUNDATION IS A COMMUNITY HUB FOR ANYONE PASSIONATE ABOUT FILM. WE ARE A NON-PROFIT, 501(C)3 ORGANIZATION DEDICATED TO THE CINEMATIC AND MEDIA ARTS IN THE FORM OF PRESERVING AND PROTECTING OUR COLLECTION OF OVER 50,000 RARE AND CLASSIC VHS, DVD AND BLU-RAY TITLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE CELEBRATE CINEMA AND THE VITALITY OF INDEPENDENT ART THROUGH EDUCATION, ARCHIVAL PRESERVATION AND ACCESSIBILITY. THE VIDIOTS FOUNDATION CONNECTS PEOPLE TO EXPERIENCE EVOLVING MEDIA, TAKING VIDEO STORE CULTURE INTO THE 21ST CENTURY.SHARING OUR LOVE OF CINEMA THROUGH DISCOVERY AND THE ACT OF BROWSING. WE STRIVE TO INSPIRE CONVERSATION OVER THE FILMS WE LOVE, PRESERVING THE EXPERIENCE OF FILM AS COMMUNITY.ARCHIVING OUR RARE VHS AND DVD WITH A GOAL TO DIGITIZE THE 11,000 RARE VHS TAPES WE HAVE IN OUR CURATED LIBRARY, KEEPING THEM AN ACCESSIBLE RESOURCE TO THE COMMUNITY, SOMEDAY EXISTING ON-LINE FOR FILM LOVERS ALL OVER THE WORLD.PROGRAMMING OUR SPACE AS A COMMUNITY ARTS CENTER WITH EDUCATIONAL WORKSHOPS TO CULTIVATE EMERGING FILMMAKERS, ALONG WITH PANELS, EVENTS AND SCREENINGS FOR ANYONE PASSIONATE ABOUT FILM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margot Mackay Executive Dir. | OfficerTrustee | 40 | $78,000 |
Patricia Polinger Vice Chair/fndr | OfficerTrustee | 2 | $0 |
Cathy Tauber Vice Chair/fndr | OfficerTrustee | 1 | $0 |
Lela Meadow-Conner Director | Trustee | 1.5 | $0 |
Norma Manzanares Director | Trustee | 1.5 | $0 |
Rachel O'connor Director | Trustee | 1.5 | $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 | $905,452 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $905,452 |
| Total Program Service Revenue | $67,419 |
| Investment income | $54 |
| 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 | $1,755 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $974,680 |
| 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. | $78,000 |
| Compensation of current officers, directors, key employees. | $11,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,750 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,258 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,442 |
| Fees for services: Accounting | $7,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,693 |
| Advertising and promotion | $46,009 |
| Office expenses | $8,118 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $90,349 |
| Travel | $130 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,667 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,129 |
| Insurance | $13,982 |
| All other expenses | $120 |
| Total functional expenses | $365,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,997 |
| 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 | $5,032 |
| Prepaid expenses and deferred charges | $22,000 |
| Net Land, buildings, and equipment | $58,230 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $55,967 |
| Other assets | $1,629,675 |
| Total assets | $2,004,901 |
| 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 | $24,605 |
| Total liabilities | $24,605 |
| Net assets without donor restrictions | $0 |
| 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 | $1,980,296 |
| Total liabilities and net assets/fund balances | $2,004,901 |