Civic Intelligence

Light Industry Cinema Projects Ltd.

990EZ • Fiscal year 2017 • EIN 26-3067360

Aug 01, 2016 to Jul 31, 2017 • Filed on Feb 14, 2018

155 Freeman StreetBrooklyn, NY 11222

(646) 729-1047

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2017

Liabilities / Revenue

79th percentile

0.07x

Higher debt load relative to revenue than 79% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

10th percentile

-38%

Higher net margin than 10% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

12th percentile

-40%

Faster revenue growth than 12% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$0

Down $34,551 (-100%) from 2016

Net Assets

Down

-$8,052

Down $42,603 (-123%) from 2016

Liabilities

Up

$8,052

Up $8,052 from 2016

Revenue

Down

$111,550

Down $73,218 (-40%) from 2016

Expenses

Down

$154,153

Down $1,104 (-0.7%) from 2016

Net Income

Down

-$42,603

Down $72,114 (-244%) from 2016

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0-$50KAssets 2010: $3,327Liabilities 2010: $0Net Assets 2010: $3,3272010Assets 2011: $27,674Liabilities 2011: $0Net Assets 2011: $27,6742011Assets 2012: $1,660Liabilities 2012: $0Net Assets 2012: $1,6602012Assets 2013: $19,903Liabilities 2013: $0Net Assets 2013: $19,9032013Assets 2014: $400Liabilities 2014: $0Net Assets 2014: $4002014Assets 2015: $5,040Liabilities 2015: $0Net Assets 2015: $5,0402015Assets 2016: $34,551Liabilities 2016: $0Net Assets 2016: $34,5512016Assets 2017: $0Liabilities 2017: $8,052Net Assets 2017: -$8,0522017Assets 2018: $10,609Liabilities 2018: $39,449Net Assets 2018: -$28,8402018Assets 2019: $9,562Liabilities 2019: $0Net Assets 2019: $9,5622019Assets 2020: $70,827Liabilities 2020: $80,900Net Assets 2020: -$10,0732020Assets 2021: $55,897Liabilities 2021: $0Net Assets 2021: $55,8972021Assets 2022: $107,278Liabilities 2022: $0Net Assets 2022: $107,2782022Assets 2023: $11,108Liabilities 2023: $0Net Assets 2023: $11,1082023Assets 2024: $39,738Liabilities 2024: $0Net Assets 2024: $39,7382024

Highlighted filing

2017

Assets$0
Liabilities$8,052
Net Assets-$8,052

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2010: $35,234Expenses 2010: $35,377Net Income 2010: -$1432010Revenue 2011: $83,935Expenses 2011: $56,261Net Income 2011: $27,6742011Revenue 2012: $68,125Expenses 2012: $94,139Net Income 2012: -$26,0142012Expenses 2013: $206,0202013Revenue 2014: $65,382Expenses 2014: $108,320Net Income 2014: -$42,9382014Revenue 2015: $124,298Expenses 2015: $119,658Net Income 2015: $4,6402015Revenue 2016: $184,768Expenses 2016: $155,257Net Income 2016: $29,5112016Revenue 2017: $111,550Expenses 2017: $154,153Net Income 2017: -$42,6032017Revenue 2018: $198,509Expenses 2018: $227,349Net Income 2018: -$28,8402018Revenue 2019: $171,850Expenses 2019: $162,288Net Income 2019: $9,5622019Revenue 2020: $198,084Expenses 2020: $217,719Net Income 2020: -$19,6352020Revenue 2021: $227,694Expenses 2021: $171,797Net Income 2021: $55,8972021Revenue 2022: $225,992Expenses 2022: $294,611Net Income 2022: -$68,6192022Revenue 2023: $173,538Expenses 2023: $269,708Net Income 2023: -$96,1702023Revenue 2024: $226,957Expenses 2024: $198,327Net Income 2024: $28,6302024

Highlighted filing

2017

Revenue$111,550
Expenses$154,153
Net Income-$42,603
Jump To
Filing Snapshot
Filing Period
Aug 1, 2016 to Jul 31, 2017
Signed
Feb 14, 2018
Return Version
2016v3.0
Gross Receipts
$121,298
Mission and Program Overview

Mission

Light Industry Cinema Projects presents weekly events in New York City at our dedicated space and other spaces. The goal of the organization is to bring together otherwise disparate artistic communities-including filmmaking, the art world, academia and music-by inviting notable curators, artists and writers to present each week's show. Our programming includes screenings, lectures, and performances, with a central theme of the art of the moving image in all its forms. We encourage a convivial social atmosphere at our events, and charge a low ticket price in order to allow for a wide range of attendees. Our organization publicizes and promotes each week's event through press releases, a website, emailing list and other forms of online marketing. We also have initiated an internship program in which college students and recent graduates can learn about the practice of film and art exhibition.

Program Services

DescriptionGrantsExpenses
During the fiscal period from the middle of 2015 to the middle of 2016, Light Industry Cinema Projects presented approximately 45 programs in New York City, with attendance of approximately 7000 total individuals.$15,200$163,901
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brian L FryeTrustee-$0--
Jeffrey S PreissPresident-$0--
Paul ChanTrustee-$0--
Lauren CornellTreasurer-$0--
Max WeinmanSecretary-$0--
Joshua SiegelTrustee-$0--
Nellie KillianTrustee-$0--
Ruby LernerTrustee-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
benefit art auction$55,324$55,324$8,258$47,066
Total Events$55,324$55,324$9,758$45,566
Filing and Contact Details

Filer

Filer Name
Light Industry Cinema Projects Ltd
EIN
26-3067360
Phone
6467291047
Address
155 Freeman Street, Brooklyn, NY 11222

Signing Officer

Name
Edward Halter
Title
Director
Phone
6467291047
Signed
2018-02-14
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 1

Contributions, gifts, grants and similar amounts: board dues: $5500; misc at-venue donations: 5744; patrons circle donations: $4020; nyc dept of cultural affairs: $8700; New York State Council on the Arts: $6500; anthology film archives funding for joint project: $5000;

Form 990-EZ, Part I, Line 2

program service revenue: ticket sales $10,151; office sublet:$20359

Form 990-EZ, Part I, Line 16

Description;Amount^equipment;417|transportation;2012|advertising and marketing;1853|government fees and fines;666|production;1413|food and drink;1320|print rentals;8572|bank charges;839^Total;17092^

Form 990-EZ, Part II, Line 26

8052 carried over into next FY as liability on credit card

Raw XML Appendix249 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0Light Industry Cinema Projects presents weekly events in New York City at our dedicated space and other spaces. The goal of the organization is to bring together otherwise disparate artistic communities-including filmmaking, the art world, academia and music-by inviting notable curators, artists and writers to present each week's show. Our programming includes screenings, lectures, and performances, with a central theme of the art of the moving image in all its forms. We encourage a convivial social atmosphere at our events, and charge a low ticket price in order to allow for a wide range of attendees. Our organization publicizes and promotes each week's event through press releases, a website, emailing list and other forms of online marketing. We also have initiated an internship program in which college students and recent graduates can learn about the practice of film and art exhibition.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other income includes ticket sales ($10,151), funds from Anthology Film Archive for co-publishing project ($5000) and space rentals ($20,359)
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IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0Other fundraising expenses: art framing ($6620) and labor ($1628)
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Contributions, gifts, grants and similar amounts: board dues: $5500; misc at-venue donations: 5744; patrons circle donations: $4020; nyc dept of cultural affairs: $8700; New York State Council on the Arts: $6500; anthology film archives funding for joint project: $5000;
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1program service revenue: ticket sales $10,151; office sublet:$20359
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description;Amount^equipment;417|transportation;2012|advertising and marketing;1853|government fees and fines;666|production;1413|food and drink;1320|print rentals;8572|bank charges;839^Total;17092^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt38052 carried over into next FY as liability on credit card
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 26
ReasonableCauseExplanation/ExplanationTxt0Computer damage caused books to crash in Sept 2017; took several months for bookkeeper & staff to repair to generate accurate figures
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Edward Halter
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/PhoneNum06467291047
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIGHT INDUSTRY CINEMA PROJECTS LTD
ReturnHeader/Filer/BusinessNameControlTxt0LIGH
ReturnHeader/Filer/EIN0263067360
ReturnHeader/Filer/PhoneNum06467291047
ReturnHeader/Filer/USAddress/AddressLine1Txt0155 Freeman Street
ReturnHeader/Filer/USAddress/CityNm0Brooklyn
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011222
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt098.14.93.62
ReturnHeader/ReturnTs02018-03-26T17:00:03-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-08-01
ReturnHeader/TaxPeriodEndDt02017-07-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$2.27$1.98$0.29
2023Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$1.74$2.70$0.96
2022Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$2.26$2.95$0.69
2021Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$2.28$1.72$0.56
2020Detailed filing. Detailed filing data is available for this year.$0.71$0.81$0.10$1.98$2.18$0.20
2019Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$1.72$1.62$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.11$0.39$0.29$1.99$2.27$0.29
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.08$0.08$1.12$1.54$0.43
2016Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$1.85$1.55$0.30
2015Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$1.24$1.20$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.65$1.08$0.43
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.00$0.20$2.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.00$0.02$0.68$0.94$0.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.00$0.28$0.84$0.56$0.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.00$0.03$0.35$0.35$0.00