Civic Intelligence

Firelight Media Inc.

990 • Fiscal year 2019 • EIN 11-3489379

Oct 01, 2018 to Sep 30, 2019 • Filed on Aug 13, 2020

72 Hamilton TerraceNew York, NY 10031

(212) 234-1324

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

40th percentile

0.09x

Higher debt load relative to assets than 40% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

50th percentile

0.16x

Higher debt load relative to revenue than 50% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

65th percentile

9.0%

Higher net margin than 65% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

82nd percentile

$233,513

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

48th percentile

2.6%

Faster asset growth than 48% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

13th percentile

-22%

Faster revenue growth than 13% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$5,541,103

Up $137,805 (+2.6%) from 2018

Net Assets

Up

$5,069,394

Up $265,881 (+5.5%) from 2018

Liabilities

Down

$471,709

Down $128,076 (-21%) from 2018

Revenue

Down

$2,963,000

Down $835,681 (-22%) from 2018

Expenses

Up

$2,697,119

Up $194,795 (+7.8%) from 2018

Net Income

Down

$265,881

Down $1,030,476 (-79%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $1,373,868Liabilities 2010: $59,287Net Assets 2010: $1,314,5812010Assets 2011: $806,341Liabilities 2011: $81,425Net Assets 2011: $724,9162011Assets 2012: $895,466Liabilities 2012: $126,699Net Assets 2012: $768,7672012Assets 2013: $423,423Liabilities 2013: $117,424Net Assets 2013: $305,9992013Assets 2014: $3,319,643Liabilities 2014: $490,672Net Assets 2014: $2,828,9712014Assets 2015: $2,528,353Liabilities 2015: $607,570Net Assets 2015: $1,920,7832015Assets 2016: $2,020,352Liabilities 2016: $293,103Net Assets 2016: $1,727,2492016Assets 2017: $3,992,733Liabilities 2017: $485,577Net Assets 2017: $3,507,1562017Assets 2018: $5,403,298Liabilities 2018: $599,785Net Assets 2018: $4,803,5132018Assets 2019: $5,541,103Liabilities 2019: $471,709Net Assets 2019: $5,069,3942019Assets 2020: $7,045,732Liabilities 2020: $1,122,961Net Assets 2020: $5,922,7712020Assets 2021: $9,388,103Liabilities 2021: $1,640,988Net Assets 2021: $7,747,1152021Assets 2022: $14,935,667Liabilities 2022: $2,426,387Net Assets 2022: $12,509,2802022Assets 2023: $14,906,498Liabilities 2023: $2,039,117Net Assets 2023: $12,867,3812023Assets 2024: $16,142,188Liabilities 2024: $1,597,243Net Assets 2024: $14,544,9452024

Highlighted filing

2019

Assets$5,541,103
Liabilities$471,709
Net Assets$5,069,394

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2010: $651,866Expenses 2010: $479,502Net Income 2010: $172,3642010Revenue 2011: $319,075Expenses 2011: $908,039Net Income 2011: -$588,9642011Revenue 2012: $915,470Expenses 2012: $803,794Net Income 2012: $111,6762012Revenue 2013: $389,930Expenses 2013: $852,698Net Income 2013: -$462,7682013Revenue 2014: $3,389,867Expenses 2014: $866,895Net Income 2014: $2,522,9722014Revenue 2015: $720,887Expenses 2015: $1,629,075Net Income 2015: -$908,1882015Revenue 2016: $2,646,176Expenses 2016: $2,839,710Net Income 2016: -$193,5342016Revenue 2017: $3,830,256Expenses 2017: $2,050,349Net Income 2017: $1,779,9072017Revenue 2018: $3,798,681Expenses 2018: $2,502,324Net Income 2018: $1,296,3572018Revenue 2019: $2,963,000Expenses 2019: $2,697,119Net Income 2019: $265,8812019Revenue 2020: $3,367,580Expenses 2020: $3,184,737Net Income 2020: $182,8432020Revenue 2021: $5,054,390Expenses 2021: $3,730,046Net Income 2021: $1,324,3442021Revenue 2022: $11,068,950Expenses 2022: $6,298,174Net Income 2022: $4,770,7762022Revenue 2023: $6,498,407Expenses 2023: $7,229,195Net Income 2023: -$730,7882023Revenue 2024: $8,404,441Expenses 2024: $6,760,878Net Income 2024: $1,643,5632024

Highlighted filing

2019

Revenue$2,963,000
Expenses$2,697,119
Net Income$265,881
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Aug 13, 2020
Return Version
2018v3.1
Gross Receipts
$2,963,000
Mission and Program Overview

Mission

Firelight Media is a non-profit organization dedicated to developing talented documentary filmmakers who tell stories about people, places, cultures and issues that are under represented in the mainstream media. Firelight Media's flagship program is the Documentary Lab, a mentorship program for emerging diverse producers. Participating producers work with award-winning filmmaker Stanley Nelson and his team of senior producers, writers, editors, new media, and fundraising specialists to complete their projects for a national broadcast. Firelight Media started the Producers' Lab as a way to provide infrastructure support for diverse producers to help overcome some of the barriers to completing their film or video.

Firelight Media is a non-profit organization dedicated to developing talented documentary filmmakers who tell stories about people, places, cultures and issues that are under represented in the mainstream media.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,586,934$4,570,363▲ $1,983,429
Pledges and Grants Receivable$2,623,886$902,897▼ $1,720,989
Land, Buildings, and Equipment, Net$26,828$12,193▼ $14,635
Prepaid Expenses and Deferred Charges$13,836$578▼ $13,258
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$5,403,298$5,541,103▲ $137,805
Other Assets Total$151,814$55,072▼ $96,742
Liabilities
Accounts Payable and Accrued Expenses$385,425$317,175▼ $68,250
Deferred Revenue$197,733$94,587▼ $103,146
Grants Payable$15,000$51,000▲ $36,000
Other Liabilities$1,627$8,947▲ $7,320
Total Liabilities$599,785$471,709▼ $128,076
Net Assets / Fund Balance
Unrestricted Net Assets$2,228,047$2,556,428▲ $328,381
Temporarily Rstr Net Assets$2,575,466$2,512,966▼ $62,500
Total Net Assets Fund Balance$4,803,513$5,069,394▲ $265,881
Total Liabilities and Net Assets / Fund Balance$5,403,298$5,541,103▲ $137,805

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,409$178,129$179,538
Leasehold Improvements$10,211$11,413$21,624
Other Land Buildings$573$13,046$13,619
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marcia SmithPresidentFT$187,562$45,951$233,513
Stanley NelsonLead MentorFT$150,000$32,766$182,766
Loira LimbalVice PresidentFT$105,000$32,595$137,595

Board Members and Trustees

NameTitle
Anne CantyChair
Claire AguilarDirector
Stephanie ConnersDirector
Tani TakagiDirector
Ronald BellTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
CliftonLarsonAllen LLPAccounting/Consult.104 West 40th Street, New York, NY 10018-
Revenue and Support

Revenue Composition

Contributions and Grants
$2,953,915
Program Service Revenue
$0
Investment Income
$7,992
Other Revenue
$1,093
All Other Contributions
$2,931,190
Change in Net Assets
$265,881

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,963,000
Total Revenue per Audited Statements
$2,963,000
Total Revenue per Form 990
$2,963,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,338,160
Salaries, Compensation, and Employee Benefits$1,232,959
Grants and Similar Amounts Paid$126,000
Total Fundraising Expense$110,479
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$360,431$158,807$66,779$586,017
Fees for Services Other$270,700$139,616$3,120$413,436
Current Officers, Directors, Trustees, and Key Employees$301,983$95,571-$397,554
Travel$263,846$38,876$32$302,754
Occupancy$147,376$57,611$16,334$221,321
Grants to Domestic Individuals$126,000--$126,000
Other Employee Benefits$80,880$32,499$11,243$124,622
Payroll Taxes$44,061$17,224$4,883$66,168
Pension Plan Contributions$33,666$16,844$8,088$58,598
Office Expenses$5,071$38,990-$44,061
Fees for Services Legal$6,200$14,764-$20,964
Insurance$99$16,709-$16,808
Depreciation Depletion-$14,635-$14,635
All Other Expenses$698$7,191-$7,889
Other Expenses$1,118$6,221-$7,339
Total Functional Expenses$1,905,851$680,789$110,479$2,697,119

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,697,119
Total Expenses per Audited Statements$2,697,119
Total Expenses per Form 990$2,697,119
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deffered Rent$8,947
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Marcia Smith, board member and President, is the spoouse of Lead Mentor, Stanley Nelson.

Form 990, Part VI, Line 11B: Form 990 Review Process

Management reviewed a draft of the form 990 and provided edits to the tax preparer. After this process was performed, the form 990 was sent to the full board of directors prior to being filed with the IRS.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The organization has a board approved conflicts of interest policy. Each board member must fill out an annual declaration stating they had no conflicts or identifying the nature of their interested party transactions.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Each year, the executive committee reviews comparable salaries based on a recognized study and reviews the performance of the executive director to determine if the existing salary falls within these ranges. After a deliberation of this matter, a new proposed salary and benefit package is voted on. The minutes of the board of directors reflect the nature of this process.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Organizational documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Firelight Media Inc
EIN
11-3489379
Phone
2122341324
Address
72 Hamilton Terrace, New York, NY 10031

Signing Officer

Name
Marcia Smith
Title
President
Signed
2020-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marcia Smith
Formed
1998
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
5
Employees
16
Volunteers
20

Preparer

Firm
Schall & Ashenfarb Cpas
Address
307 5th Ave 15th Floor, NEW YORK, NY 10016-6517
Preparer
Michael Schall
Phone
2122682800
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Company does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending September 30, 2016 and later are subject to examination by applicable taxing authorities.

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IRS990/Desc0Documentary Lab:Firelight Medias Documentary Lab, our key platform s for artistic support, provided free services to 60+ emerging filmmakers of color including current Documentary Lab participants, program Alumni who still accessed our mentoring and impact services, and participants in the Groundwork Regional Labs, and our Impact Producers Lab. During that time, Documentary Lab filmmakers accomplished the following:1.Jackie Olives film Always in Season and Jeffrey Palmers Film, Words of A Bear for exhibition premiered at the 2019 Sundance Film Festival. Sundance awarded Jackie Olive a U.S. Documentary Special Jury Award and nominated her for the Grand Jury Prize. Always in Season also won the Grand Jury Prize Documentary at the Dallas Film Festival and the Human Rights Award at the River Run Film International Film Festival. Always in Season is opening in theaters and is scheduled for broadcast on Independent Lens. Words of a Bear will be broadcast on American Masters. 2.Sabaah Folayan and Damon Daviss Whose Streets? received a Peabody nomination.3.Tribeca Film Institute awarded an All Access Grant to Dbora Souza, Black Mothers4.The Center for Asian American Media (CAAM) Fund awarded - Tim Tsai, Seadrift., a production grant. Doc Lab alumni Ligaiya Romero and Jason daSilva also received CAAM funding and a Documentary for Social Change Award5.Ral Ruiz Pastrana's film premiered at Sheffield Film Festival, and DocsMX festival in Mexico City. 6.Eddie Martinez was accepted into the Rockwood Fellowship7.Chelsea Hernandez premiered her film Building The American Dream at SXSW Festival.8.IDA awarded grants to Documentary Lab filmmakers and alumni including Eddie Martinez for Corsicans, April Dobbins for Alabamaland, and Cecilia Aldarondo Untitled film about Puerto Rico 9.Ja' Tovia Gary (Doc Lab Alumni) was selected as one of four Field of Vision fellows!10.Malika Zhouhali-Worrall received a Chicken & Egg's Breakthrough Award for mid-career women filmmakers (Doc Lab Alumni)11.Daresha Kyi and Nausheen Dadabhoy selected for the Chicken & Egg Accelerator Lab. (Doc Lab Alumni). Dareshi Kyi also just won an Emmy Award for her short documentary: Trans in America: Texas Strong.Documentary Lab Retreats: In 2019 the Documentary Lab conducted two retreats one in Santa Cruz, CA and one in Mohonk, NY that 24 emerging filmmakers of color attended.Career Development: Digital Shorts Master in the Making:To provide additional career-path opportunities for Documentary Lab filmmakers and Alumni Firelight Media created a partnership with American Masters. In 2019 eight Documentary Lab Alumni created short films about the lives and journeys of artists and cultural icons that bring insight and originality to their craft. Firelight and American Masters provided funding and jointly selected the film topics and filmmakers. American Masters will showcase the films on digital and social media platforms with additional distribution partners to be announced.Career Development: The Frontline x Frontline FellowshipAfter working with FRONTLINE throughout 2018 to craft a partnership, we are delighted to report we launched the FRONTLINE/Firelight Fellowship in the early fall 2018! This news fellowship supported diverse independent makers interested in journalistic documentary filmmaking. This fellowship seeks to address the need for more diverse voices, perspectives, and experiences within the field of investigative journalism. These Fellows worked with FRONTLINE, periodically in residencies at the Boston FRONTLINE headquarters and in New York City, to report and create short documentary films for the series, considering along the way transmedia and platform-agnostic approaches. In October 2018 FRONTLINE and Firelight Media partnered with the Double Exposure Film Festival to announce that Juliana Schatz Preston and Roopa Gogineni were the FRONTLINE/Firelight inaugural fellows. On October 7-10, 2019 The Double Exposure Film Festival will roll out the Frontline Fellow J
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IRS990/MissionDesc0Firelight Media is a non-profit organization dedicated to developing talented documentary filmmakers who tell stories about people, places, cultures and issues that are under represented in the mainstream media. Firelight Media's flagship program is the Documentary Lab, a mentorship program for emerging diverse producers. Participating producers work with award-winning filmmaker Stanley Nelson and his team of senior producers, writers, editors, new media, and fundraising specialists to complete their projects for a national broadcast. Firelight Media started the Producers' Lab as a way to provide infrastructure support for diverse producers to help overcome some of the barriers to completing their film or video.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.1$1.60$14.5$8.40$6.76$1.64
2023Detailed filing. Detailed filing data is available for this year.$14.9$2.04$12.9$6.50$7.23$0.73
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.9$2.43$12.5$11.1$6.30$4.77
2021Detailed filing. Detailed filing data is available for this year.$9.39$1.64$7.75$5.05$3.73$1.32
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.05$1.12$5.92$3.37$3.18$0.18
2019Detailed filing. Detailed filing data is available for this year.$5.54$0.47$5.07$2.96$2.70$0.27
2018Detailed filing. Detailed filing data is available for this year.$5.40$0.60$4.80$3.80$2.50$1.30
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.99$0.49$3.51$3.83$2.05$1.78
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.02$0.29$1.73$2.65$2.84$0.19
2015Summary only. Only limited summary data is available for this year.$2.53$0.61$1.92$0.72$1.63$0.91
2014Summary only. Only limited summary data is available for this year.$3.32$0.49$2.83$3.39$0.87$2.52
2013Summary only. Only limited summary data is available for this year.$0.42$0.12$0.31$0.39$0.85$0.46
2012Summary only. Only limited summary data is available for this year.$0.90$0.13$0.77$0.92$0.80$0.11
2011Summary only. Only limited summary data is available for this year.$0.81$0.08$0.72$0.32$0.91$0.59
2010Summary only. Only limited summary data is available for this year.$1.37$0.06$1.31$0.65$0.48$0.17