Decentralized Pictures Foundation Inc
- Assets
- $2.3m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 2
- Location
- Los Angeles, CA
- Founding
- 02/2019
- Data as of
- 12/2022
- EIN
- 82-5284914
Organization Overview
Decentralized Pictures Foundation Inc is located in Los Angeles, CA. 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, Decentralized Pictures Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Decentralized Pictures Foundation 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, Decentralized Pictures Foundation Inc generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 47.1% each year . All expenses for the organization totaled $1.3m 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
PROMOTE CURATE AND FINANCE THE ARTS THRU ARTIST COMMUNITY CONSENSUS BY HOSTING A MEDIUM FOR COLLABORATION AND EXCHANGE OF INFO AND KNOWLEDGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAUNCH FILM COMMUNITY WEBSITE AND ENHANCE WITH REGULAR UPDATES AND ADDITIONAL FEATURES. ORGANIZE COMPELLING FILM FINANCING AWARDS AND MENTORSHIP OPPORTUNITIES TO SUPPORT OUTSTANDING CREATORS. BUILD A FOUNDATION FOR SCHOLARSHIPS AND AWARD PARTNERS, AIMING TO EXPAND OPPORTUNITIES. FOCUS ON GROWING THE WEBSITE'S USER BASE FOR A THRIVING COMMUNITY EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leo Matchett Presidentceo | OfficerTrustee | 40 | $162,125 |
Michael Musante Secretary | OfficerTrustee | $0 | |
Gordon Wang Treasurercfo | Officer | $0 | |
Roman Coppola Director | Trustee | $0 | |
Gia Coppola Director | Trustee | $0 | |
Sofia Coppola Director | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blockscore Website Services | 12/30/22 | $29,466 |
Wachsman Llc Legal Services | 12/30/22 | $60,000 |
Tiffany Lin Awards | 12/30/22 | $19,615 |
System 9 Market Making Services | 12/30/22 | $13,500 |
Paul Hastings Llp Legal Services | 12/30/22 | $12,394 |
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 | $300,015 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,015 |
| Total Program Service Revenue | $2,977,610 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $422,081 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,699,706 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $31,115 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $150,102 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,771 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,610 |
| Payroll taxes | $19,323 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,141 |
| Fees for services: Accounting | $450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $64,046 |
| Office expenses | $17,172 |
| Information technology | $262,981 |
| Royalties | $0 |
| Occupancy | $18,000 |
| Travel | $74,147 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,136 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $205,729 |
| Insurance | $5,003 |
| All other expenses | $309,143 |
| Total functional expenses | $1,264,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,203 |
| 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 | $1,996,775 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,716 |
| Other assets | $133,755 |
| Total assets | $2,256,449 |
| Accounts payable and accrued expenses | $102,875 |
| Grants payable | $0 |
| Deferred revenue | $49,990 |
| 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 | $152,865 |
| 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 | $2,103,584 |
| Total liabilities and net assets/fund balances | $2,256,449 |