Lit Fund Incorporated

Organization Overview

Lit Fund Incorporated, operating under the name The Indie Theater Fund, is located in Astoria, NY. The organization was established in 2014. According to its NTEE Classification (A65) the organization is classified as: Theater, 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. Indie Theater Fund 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 Theater Fund generated $1.5m in total revenue. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 213.3% per year over the past 3 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO FINANCIALLY ASSIST ORGANIZATIONS AND INDIVIDUAL ARTISTS CREATING INDEPENDENT THEATER IN THE FIVE BOROUGHS OF NEW YORK CITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COMMUNITY GRANTS OFFERED TO THEATER COMPANIES IN NYC.


EMERGENCY GRANTS OFFERED TO INDIVIDUALS AND THEATER COMPANIES IN NYC.


OTHER EXPENSES INCURRED BY PROGRAM


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Board, Officers & Key Employees

Name (title)Compensation
Randi Berry
Executive Director
$35,000
Raquel Almazan
President
$0
Marty Linsky
Board Member
$0
Siobhan O'neill
Secretary
$0
Brian Berk
Treasurer
$0
Wessam Badawi
Board Member
$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$1,459,153
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,459,153
Total Program Service Revenue$0
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 $1,470,592

Grants Recieved

Over the last fiscal year, we have identified 9 grants that Lit Fund Incorporated has recieved totaling $680,165.

Awarding OrganizationAmount
Andrew W Mellon Foundation

New York, NY

PURPOSE: TO SUPPORT THE CULTURAL SOLIDARITY FUND, A MICROGRANT PROGRAM FOR NEW YORK CITY-BASED ARTS AND CULTURAL WORKERS IN FINANCIAL NEED DUE TO THE COVID-19 PANDEMIC

$350,000
Andrew W Mellon Foundation

New York, NY

PURPOSE: TO SUPPORT THE CULTURAL SOLIDARITY FUND, A MICROGRANT PROGRAM FOR NEW YORK CITY-BASED ARTS AND CULTURAL WORKERS IN FINANCIAL NEED DUE TO THE COVID-19 PANDEMIC

$200,000
Dance Service New York City Inc

New York, NY

PURPOSE: FOR CORONAVIRUS RELIEF GRANT RECIPIENTS

$40,000
Amalgamated Charitable Foundation Inc

Washington, DC

PURPOSE: General operating support

$25,000
Mertz Gilmore Foundation

New York, NY

PURPOSE: MENTAL HEALTH SUPPORT/COMMUNITY CARE PROGRAM (INDIE THEATER FUND)

$25,000
The Bessemer Giving Fund

Woodbridge, NJ

PURPOSE: GENERAL SUPPORT

$22,500
View Grant Recipient Profile

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