Civic Intelligence

Light Industry Cinema Projects Ltd.

990 • Fiscal year 2021 • EIN 26-3067360

Aug 01, 2020 to Jul 31, 2021 • Filed on Nov 23, 2021

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

42nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • NTEE A25 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

42nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • NTEE A25 • <$500k nonprofits • Source year 2021

Net Margin

78th percentile

25%

Higher net margin than 78% of similar nonprofits.

2021 filings • NTEE A25 • <$500k nonprofits • Source year 2021

Top Officer Pay

88th percentile

$36,000

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 15.8% of source-year revenue.

2021 filings • NTEE A25 • <$500k nonprofits • Source year 2021

Asset Growth

20th percentile

-21%

Faster asset growth than 20% of similar nonprofits.

2021 filings • NTEE A25 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

60th percentile

15%

Faster revenue growth than 60% of similar nonprofits.

2021 filings • NTEE A25 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$55,897

Down $14,930 (-21%) from 2020

Net Assets

Up

$55,897

Up $65,970 (+655%) from 2020

Liabilities

Down

$0

Down $80,900 (-100%) from 2020

Revenue

Up

$227,694

Up $29,610 (+15%) from 2020

Expenses

Down

$171,797

Down $45,922 (-21%) from 2020

Net Income

Up

$55,897

Up $75,532 (+385%) from 2020

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

2021

Assets$55,897
Liabilities$0
Net Assets$55,897

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

2021

Revenue$227,694
Expenses$171,797
Net Income$55,897
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
Nov 23, 2021
Return Version
2020v4.0
Gross Receipts
$227,694
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.

Light Industry Cinema Projects promotes cinema as an art form through the presentation of events in New York City at our dedicated space and other spaces, publishing, and assistance to select film productions. The goal of the organization is to bring together otherwise disparate artistic communities, including filmmaking, the art world, academia and music, by working with notable curators, artists and writers. Our programming includes screenings, lectures, and performances, with a central theme of the art of the moving image in all its forms. Our organization publicizes and promotes each week's event through press releases, a website, mailing 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$55,897▲ $55,897
Cap Stk Tr Prin Current Funds$0$55,897▲ $55,897
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$0$55,897▲ $55,897
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$55,897▲ $55,897
Total Liabilities and Net Assets / Fund Balance$0$55,897▲ $55,897
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Edward HalterDirectorFT$36,000$36,000
Thomas BeardDirectorFT$36,000$36,000

Board Members and Trustees

NameTitle
Jeffrey S PreissPresident
Brian L FryeTrustee
Joshua SiegalTrustee
Nellie KillianTrustee
Paul ChanTrustee
Ruby LernerTrustee
Max WeinmanSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$143,961
Program Service Revenue
$83,733
Investment Income
$0
Other Revenue
$0
All Other Contributions
$112,171
Change in Net Assets
$55,897
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$95,940
Salaries, Compensation, and Employee Benefits$75,857
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$75,857$0$0$75,857
Occupancy$51,839$0$0$51,839
Office Expenses$6,910-$0$6,910
Fees for Services Other$4,550$0$0$4,550
Other Expenses$3,575$0$0$3,575
Fees for Services Accounting$3,275$0$0$3,275
Travel$2,149$0$0$2,149
Insurance$845$0$0$845
Advertising$828$0$0$828
Total Functional Expenses$171,797$0$0$171,797
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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, Section B, Line 11B

11111

Form 990, Part VI, Section B, Line 12C

all board members are required to report conflicts as soon as they arise.

Form 990, Part VI, Section C, Line 19

Via NY Dept of Charities Database

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
2021-11-23

Organization Details

Principal Officer
Edward Halter
Formed
2008
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
5
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IRS990/ActivityOrMissionDesc0Light Industry Cinema Projects promotes cinema as an art form through the presentation of events in New York City at our dedicated space and other spaces, publishing, and assistance to select film productions. The goal of the organization is to bring together otherwise disparate artistic communities, including filmmaking, the art world, academia and music, by working with notable curators, artists and writers. Our programming includes screenings, lectures, and performances, with a central theme of the art of the moving image in all its forms. Our organization publicizes and promotes each week's event through press releases, a website, mailing 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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IRS990/Desc0During the fiscal period from the middle of 2020 to the middle of 2021, Light Industry Cinema Projects presented 14 public programs in New York City and online, with an in-person attendance of approximately 1000 total individuals, and an online viewership of approximately 4,000, and planned for more in-person programming for the next fiscal year.
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Light Industry Cinema Projects promotes cinema as an art form through the presentation of events in New York City at our dedicated space and other spaces, publishing, and assistance to select film productions. The goal of the organization is to bring together otherwise disparate artistic communities, including filmmaking, the art world, academia and music, by working with notable curators, artists and writers. Our programming includes screenings, lectures, and performances, with a central theme of the art of the moving image in all its forms. Our organization publicizes and promotes each week's event through press releases, a website, mailing 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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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2735
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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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • <$500k nonprofits