Civic Intelligence

The New Festival Inc

EIN 13-3560387 • 501(c)3 • Brooklyn, NY

Profile

The New Festival, Inc is a non-profit media arts organization that presents the annual New York Lesbian and Gay Film Festival, one of the most comprehensive forums of international lesbian, gay, bisexual, and transgender film/video in the world.

26 3rd Street STE 3LBrooklyn, NY 11231

www.newfest.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

76th percentile

0.25x

Higher debt load relative to assets than 76% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

62nd percentile

0.18x

Higher debt load relative to revenue than 62% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Source year 2025

Net Margin

43rd percentile

1.1%

Higher net margin than 43% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

92nd percentile

$186,722

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

NTEE A • $1M-$5M nonprofits • Source year 2025

Asset Growth

70th percentile

13%

Faster asset growth than 70% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

56th percentile

15%

Faster revenue growth than 56% of similar nonprofits.

NTEE A • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$1,503,900

Up $167,292 (+13%) from 2024

Liabilities

Up

$382,147

Up $141,756 (+59%) from 2024

Net Assets

Up

$1,121,753

Up $25,536 (+2.3%) from 2024

Revenue

Up

$2,173,266

Up $278,940 (+15%) from 2024

Expenses

Up

$2,150,357

Up $460,201 (+27%) from 2024

Net Income

Down

$22,909

Down $181,261 (-89%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2011: $4,402Liabilities 2011: $47,838Net Assets 2011: -$43,4362011Assets 2012: $13,466Liabilities 2012: $70,166Net Assets 2012: -$56,7002012Assets 2013: $4,406Liabilities 2013: $40,300Net Assets 2013: -$35,8942013Assets 2014: $52,048Liabilities 2014: $27,800Net Assets 2014: $24,2482014Assets 2015: $48,336Liabilities 2015: $3,500Net Assets 2015: $44,8362015Assets 2016: $87,694Liabilities 2016: $3,500Net Assets 2016: $84,1942016Assets 2017: $56,141Liabilities 2017: $3,500Net Assets 2017: $52,6412017Assets 2018: $69,677Liabilities 2018: $3,500Net Assets 2018: $66,1772018Assets 2019: $40,930Liabilities 2019: $3,500Net Assets 2019: $37,4302019Assets 2020: $104,477Liabilities 2020: $9,772Net Assets 2020: $94,7052020Assets 2021: $389,591Liabilities 2021: $67,110Net Assets 2021: $322,4812021Assets 2022: $816,839Liabilities 2022: $254,093Net Assets 2022: $562,7462022Assets 2023: $1,229,611Liabilities 2023: $351,279Net Assets 2023: $878,3322023Assets 2024: $1,336,608Liabilities 2024: $240,391Net Assets 2024: $1,096,2172024Assets 2025: $1,503,900Liabilities 2025: $382,147Net Assets 2025: $1,121,7532025

Highlighted filing

2025

Assets$1,503,900
Liabilities$382,147
Net Assets$1,121,753

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $315,1462011Expenses 2012: $267,3252012Revenue 2013: $82,440Expenses 2013: $61,634Net Income 2013: $20,8062013Revenue 2014: $130,996Expenses 2014: $70,854Net Income 2014: $60,1422014Revenue 2015: $113,225Expenses 2015: $92,637Net Income 2015: $20,5882015Revenue 2016: $245,103Expenses 2016: $205,743Net Income 2016: $39,3602016Revenue 2017: $277,934Expenses 2017: $309,487Net Income 2017: -$31,5532017Revenue 2018: $481,458Expenses 2018: $467,922Net Income 2018: $13,5362018Revenue 2019: $419,514Expenses 2019: $448,261Net Income 2019: -$28,7472019Revenue 2020: $626,160Expenses 2020: $568,885Net Income 2020: $57,2752020Revenue 2021: $795,540Expenses 2021: $567,764Net Income 2021: $227,7762021Revenue 2022: $977,456Expenses 2022: $737,191Net Income 2022: $240,2652022Revenue 2023: $1,540,814Expenses 2023: $1,225,228Net Income 2023: $315,5862023Revenue 2024: $1,894,326Expenses 2024: $1,690,156Net Income 2024: $204,1702024Revenue 2025: $2,173,266Expenses 2025: $2,150,357Net Income 2025: $22,9092025

Highlighted filing

2025

Revenue$2,173,266
Expenses$2,150,357
Net Income$22,909

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.38$1.12$2.17$2.15$0.02
2024Detailed filing. Detailed filing data is available for this year.$1.34$0.24$1.10$1.89$1.69$0.20
2023Detailed filing. Detailed filing data is available for this year.$1.23$0.35$0.88$1.54$1.23$0.32
2022Detailed filing. Detailed filing data is available for this year.$0.82$0.25$0.56$0.98$0.74$0.24
2021Detailed filing. Detailed filing data is available for this year.$0.39$0.07$0.32$0.80$0.57$0.23
2020Detailed filing. Detailed filing data is available for this year.$0.10$0.01$0.09$0.63$0.57$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.42$0.45$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.48$0.47$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.05$0.28$0.31$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.08$0.25$0.21$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.04$0.11$0.09$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.05$0.03$0.02$0.13$0.07$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.04$0.04$0.08$0.06$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.07$0.06$0.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.05$0.04$0.32
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Feb 1, 2024 to Jan 31, 2025
Signed
Jun 15, 2025
Return Version
2024v5.2
Gross Receipts
$2,173,266
Mission and Program Overview

Mission

The New Festival, Inc. is a non-profit media arts organization that presents the annual New York Lesbian and Gay Film Festival; one of the most comprehensive forums of international lesbian, gay, bisexual, and transgender film/video in the world.

New Festival, Inc. is a non-profit 501(c)(3) tax exempt media arts organization whose objective is to showcase international, domestic, and New York-centric film, video and other media to foster greater awareness and community among LGBTQ+ audiences and their allies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$786,579$1,325,451▲ $538,872
Cash and Non-Interest-Bearing Accounts$484,411$119,474▼ $364,937
Accounts Receivable$66,000$56,500▼ $9,500
Land, Buildings, and Equipment, Net$2,245--
Total Assets$1,339,235$1,503,900▲ $164,665
Other Assets Total-$2,475-
Liabilities
Deferred Revenue$215,000$363,082▲ $148,082
Accounts Payable and Accrued Expenses$25,391$19,065▼ $6,326
Total Liabilities$240,391$382,147▲ $141,756
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,098,844$1,121,753▲ $22,909
Total Net Assets Fund Balance$1,098,844$1,121,753▲ $22,909
Total Liabilities and Net Assets / Fund Balance$1,339,235$1,503,900▲ $164,665

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$11,225$11,225
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David HatkoffExecutive DirectorFT$186,722$186,722
Nick McCarthyDirector of Programming-$105,617$105,617

Board Members and Trustees

NameTitle
Adam NataleBoard Director
Afua Kafi-AkuaBoard Director
Andrew UriarteBoard Director
Ann BrownBoard Director
Aviva Michelman-DumasBoard Director
Bill BermanBoard Director
Ellery WashingtonBoard Director
Isabel SandovalBoard Director
Jane SasseenBoard Director
Josh SchiowitzBoard Director
Mathew LaskyBoard Director
Michael DinwiddieBoard Director
Mike BalabanBoard Director
Ramon TorresBoard Director
Ronald LenseBoard Director
Sandy MarkmanBoard Director
Thomas DimaBoard Director
Revenue and Support

Revenue Composition

Contributions and Grants
$1,250,757
Program Service Revenue
$873,019
Investment Income
$49,490
Other Revenue
$0
All Other Contributions
$1,097,642
Change in Net Assets
$22,909

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table2$70,000
Other Non Cash Contri Table1$15,000
Total Noncash Contributions3$85,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,173,266
Total Revenue per Audited Statements
$2,173,266
Total Revenue per Form 990
$2,173,266
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,225,031
Salaries, Compensation, and Employee Benefits$825,226
Grants and Similar Amounts Paid$100,100
Total Fundraising Expense$33,675
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$510,041--$510,041
Current Officers, Directors, Trustees, and Key Employees$93,361$93,361-$186,722
Grants to Domestic Individuals$100,100--$100,100
Occupancy$30,514$30,514$15,257$76,285
Other Employee Benefits$65,220$10,091-$75,311
Payroll Taxes$46,030$7,122-$53,152
Fees for Services Other$26,470$11,470$13,235$51,175
Other Expenses$44,018$24,918-$44,018
Information Technology$39,108--$39,108
Advertising$10,365$10,365$5,183$25,913
Travel$22,931--$22,931
Fees for Services Accounting-$15,000-$15,000
Office Expenses-$10,443-$10,443
Insurance-$10,162-$10,162
All Other Expenses-$7,197-$7,197
Depreciation Depletion$2,245--$2,245
Total Functional Expenses$1,871,608$245,074$33,675$2,150,357

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,150,357
Total Expenses per Audited Statements$2,150,357
Total Expenses per Form 990$2,150,357
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
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 35% controlled entity
No
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 governing body review Part VI line 11

Selected board members review the 990 and related schedules prior to submitting to respective tax agencies.

Conflict of interest policy compliance Part VI line 12C

All board members as well as management are required to immediately disclose any relationship that may potentially give rise to a conflict of interest.

CEO executive director top management comp Part VI line 15A

All compensation and annual raises are set by the board of directors and are reviewed annually.

Governing documents etc available to public Part VI line 19

Form 990 and related schedules are made available upon request and is also made available via Guidestar.com, which is an online nonprofit entity that makes nonprofit information available through their website. The Organizations governing documents and other policies are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The New Festival Inc
EIN
13-3560387
In Care Of
% David Hatkoff
Phone
6465268944
Address
26 3rd Street STE 3L, Brooklyn, NY 11231

Signing Officer

Name
David Hatkoff
Title
Executive Director
Phone
9082324618
Signed
2025-06-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Hatkoff
Formed
1991
Legal Domicile
Ny
Voting Board Members
17
Independent Board Members
17
Employees
8
Volunteers
17

Preparer

Firm
Ketcham & Associates LLC
Address
202 Mountain Avenue, Westfield, NJ 07090
Preparer
Steven Ketcham CPA
Phone
9082324618
Supplemental Narrative

Additional Explanations

Amended return information

Form 990 has been amended to include information that was not available at time of original filing.

General explanation attachment

Form 990, Page 2, Part III, 4a) (Notable Achievements) -Second hybrid NewFest Pride, five-day event including in-person screenings in NYC and streaming virtually throughout the US-Largest audience ever for New York LGBTQ+ Film Festival-Second year of New Voices Filmmaker Grant in partnership with Netflix-Third year of Queering the Canon-Sponsored screenings with HBO, Amazon, Starz, BET-Continuation of Black Filmmakers Initiative

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IRS990/Form990PartVIISectionAGrp/PersonNm1Nick McCarthy
IRS990/Form990PartVIISectionAGrp/PersonNm2Mike Balaban
IRS990/Form990PartVIISectionAGrp/PersonNm3Ann Brown
IRS990/Form990PartVIISectionAGrp/PersonNm4Mathew Lasky
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