Downtown Winston-Salem Community Cinema
- Assets
- $594.1k
- Revenue
- $925.1k
- Investments
- $0.0
- Employees
- 21
- Location
- Winstonsalem, NC
- Founding
- 11/2016
- Data as of
- 12/2021
- EIN
- 81-3111992
Organization Overview
Downtown Winston-Salem Community Cinema, operating under the name Aperture Cinema, is located in Winstonsalem, NC. The organization was established in 2016. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Aperture Cinema employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aperture Cinema 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, Aperture Cinema generated $925.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 43.2% each year . All expenses for the organization totaled $536.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE DOWNTOWN WINSTON-SALEM COMMUNITY CINEMA KNOWN TO THE COMMUNITY AS A/PERTURE CINEMA IS TO ENGAGE AND ENTERTAIN THE COMMUNITY THROUGH THE ART OF FILM THROUGH DAILY FILM PROGRAMMING AS THE PIEDMONT TRIAD'S ONLY NON-PROFIT ART HOUSE CINEMA. A/PERTURE CINEMA IS TO ENGAGE AND ENTERTAIN THE COMMUNITY THROUGH THE ART OF FILM THROUGH DAILY FILM PROGRAMMING AS THE PIEDMONT TRIAD'S ONLY NON-PROFIT ART HOUSE CINEMA. A/PERTURE CINEMA PRESENTS ACCLAIMED INDEPENDENT, DOCUMENTARY, FOREIGN LANGUAGE, LOCAL, ART, AND REPERTORY FILMS, 365 DAYS OF THE YEAR. A/PERTURE ALSO PROMOTES FILM EDUCATION THROUGH COMMUNITY PARTNERSHIPS, SPECIAL PANEL DISCUSSIONS AS WELL AS A REGULAR EDUCATIONAL FILM PROGRAMS PRESENTED BY LOCAL FACULTY AND FILM EXPERTS.
Describe the Organization's Program Activity:
TO ENGAGE AND ENTERTAIN THE COMMUNITY THROUGH THE ART OF FILM BY SHOWCASING INFORMATIVE, EDUCATIONAL, THOUGHT-PROVOKING, AND INSPIRING FILMS - FILMS THAT ENRICH LIVES, ENGAGE MINDS, PROMOTE DIVERSITY, AND BUILD COMMUNITY. A/PERTURE CINEMA PRESENTS THE ART OF FILM IN AN INTIMATE AND WELCOMING SETTING, ADVANCING AN APPRECIATION FOR THE MOVING IMAGE AS A GROUNDBREAKING AND PIONEERING ART FORM. A/PERTURE SCREENS CINEMA 365 DAYS A YEAR - FROM INDEPENDENT TO DOCUMENTARY TO WORLD CINEMA - AND PROMOTES MEDIA LITERACY AND FILM EDUCATION TO THE COMMUNITY, PROVIDING THE OPPORTUNITY FOR PEOPLE OF ALL AGES TO EXPERIENCE THE WONDER OF CINEMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawren Desai Executive Di | Officer | 50 | $79,214 |
Heather Freeland Vice-Chair | OfficerTrustee | 1 | $0 |
Jimmy Eggers Treasurer | OfficerTrustee | 1 | $0 |
Jeanne Sayers Secretary | OfficerTrustee | 1 | $0 |
Harris Henderson Chair | OfficerTrustee | 1 | $0 |
Matt Jamison Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $458,665 |
| All other contributions, gifts, grants, and similar amounts not included above | $264,808 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $723,473 |
| Total Program Service Revenue | $150,820 |
| Investment income | $283 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,304 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$245 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $19,812 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $925,124 |
| 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. | $79,214 |
| Compensation of current officers, directors, key employees. | $9,014 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $155,414 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,215 |
| Payroll taxes | $19,357 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,349 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,666 |
| Advertising and promotion | $21,989 |
| Office expenses | $19,127 |
| Information technology | $5,133 |
| Royalties | $0 |
| Occupancy | $48,342 |
| Travel | $1,146 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,835 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,229 |
| Insurance | $6,735 |
| All other expenses | $0 |
| Total functional expenses | $536,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $378,791 |
| Savings and temporary cash investments | $63,527 |
| Pledges and grants receivable | $59,880 |
| Accounts receivable, net | $4,120 |
| 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 | $9,950 |
| Net Land, buildings, and equipment | $76,280 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,575 |
| Other assets | $11 |
| Total assets | $594,134 |
| Accounts payable and accrued expenses | $9,715 |
| Grants payable | $0 |
| Deferred revenue | $2,807 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $35,605 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,020 |
| Total liabilities | $65,147 |
| Net assets without donor restrictions | $492,993 |
| Net assets with donor restrictions | $35,994 |
| 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 | $594,134 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Downtown Winston-Salem Community Cinema has recieved totaling $76,050.
| Awarding Organization | Amount |
|---|---|
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 28 GRANT(S) FOR VARYING PURPOSES | $71,050 |
Flow Foundation Inc Winstonsalem, NC PURPOSE: COMMUNITY INVOLVEMENT PROGRAMS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coalition To Salute Americas Heroes Foundation Leesburg, VA | $3,573,595 | $8,478,376 |
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Spoleto Festival U S A Charleston, SC | $23,626,585 | $7,325,323 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
John C Campbell Folk School Brasstown, NC | $20,488,128 | $4,524,565 |
Arts Center Of Coastal Carolina Hilton Head Island, SC | $10,441,766 | $4,547,581 |
Cafe 1040 Inc Alpharetta, GA | $1,445,364 | $4,184,740 |
Memphis Equity Through Arts Meta Incorporated Memphis, TN | $5,874,530 | $7,164,597 |
Memphis In May International Festival Inc Memphis, TN | $4,677,503 | $2,273,583 |
Safe States Alliance Atlanta, GA | $855,123 | $2,462,301 |
Artsnow Inc Atlanta, GA | $4,742,407 | $2,526,341 |
Suffolk Center For Cultural Arts Foundation Suffolk, VA | $18,737,592 | $3,812,474 |