Civic Intelligence

Filmnorth

990 • Fiscal year 2013 • EIN 41-1594894

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 14, 2014

2446 University Ave WSaint Paul, MN 55114

(651) 644-1912

Siviq Scores

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

Liabilities / Assets

70th percentile

0.24x

Higher debt load relative to assets than 70% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

75th percentile

0.26x

Higher debt load relative to revenue than 75% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Net Margin

7th percentile

-43%

Higher net margin than 7% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

70th percentile

$52,813

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Asset Growth

9th percentile

-21%

Faster asset growth than 9% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

7th percentile

-35%

Faster revenue growth than 7% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Assets

Down

$562,953

Down $153,484 (-21%) from 2012

Net Assets

Down

$430,389

Down $217,250 (-34%) from 2012

Liabilities

Up

$132,564

Up $63,766 (+93%) from 2012

Revenue

Down

$506,179

Down $272,973 (-35%) from 2012

Expenses

Down

$725,140

Down $7,562 (-1.0%) from 2012

Net Income

Down

-$218,961

Down $265,411 (-571%) from 2012

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $584,489Liabilities 2010: $172,183Net Assets 2010: $412,3062010Assets 2011: $649,211Liabilities 2011: $175,794Net Assets 2011: $473,4172011Assets 2012: $716,437Liabilities 2012: $68,798Net Assets 2012: $647,6392012Assets 2013: $562,953Liabilities 2013: $132,564Net Assets 2013: $430,3892013Assets 2014: $753,941Liabilities 2014: $282,455Net Assets 2014: $471,4862014Assets 2015: $710,798Liabilities 2015: $326,461Net Assets 2015: $384,3372015Assets 2016: $799,681Liabilities 2016: $420,060Net Assets 2016: $379,6212016Assets 2017: $516,899Liabilities 2017: $246,327Net Assets 2017: $270,5722017Assets 2018: $1,150,022Liabilities 2018: $540,086Net Assets 2018: $609,9362018Assets 2019: $662,635Liabilities 2019: $81,044Net Assets 2019: $581,5912019Assets 2020: $1,201,915Liabilities 2020: $112,821Net Assets 2020: $1,089,0942020Assets 2021: $1,125,658Liabilities 2021: $88,022Net Assets 2021: $1,037,6362021Assets 2022: $1,906,949Liabilities 2022: $1,734,669Net Assets 2022: $172,2802022Assets 2023: $4,850,642Liabilities 2023: $1,624,106Net Assets 2023: $3,226,5362023Assets 2024: $6,116,532Liabilities 2024: $3,317,792Net Assets 2024: $2,798,7402024

Highlighted filing

2013

Assets$562,953
Liabilities$132,564
Net Assets$430,389

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $754,2062010Expenses 2011: $769,6302011Revenue 2012: $779,152Expenses 2012: $732,702Net Income 2012: $46,4502012Revenue 2013: $506,179Expenses 2013: $725,140Net Income 2013: -$218,9612013Revenue 2014: $736,603Expenses 2014: $695,506Net Income 2014: $41,0972014Revenue 2015: $591,419Expenses 2015: $678,568Net Income 2015: -$87,1492015Revenue 2016: $684,335Expenses 2016: $679,819Net Income 2016: $4,5162016Revenue 2017: $624,103Expenses 2017: $733,152Net Income 2017: -$109,0492017Revenue 2018: $1,108,501Expenses 2018: $769,137Net Income 2018: $339,3642018Revenue 2019: $559,623Expenses 2019: $736,148Net Income 2019: -$176,5252019Revenue 2020: $1,170,605Expenses 2020: $714,308Net Income 2020: $456,2972020Revenue 2021: $2,207,812Expenses 2021: $2,259,270Net Income 2021: -$51,4582021Revenue 2022: $793,436Expenses 2022: $895,911Net Income 2022: -$102,4752022Revenue 2023: $3,877,307Expenses 2023: $1,585,932Net Income 2023: $2,291,3752023Revenue 2024: $1,962,905Expenses 2024: $2,418,947Net Income 2024: -$456,0422024

Highlighted filing

2013

Revenue$506,179
Expenses$725,140
Net Income-$218,961
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 14, 2014
Return Version
2013v3.1
Gross Receipts
$507,604
Mission and Program Overview

Mission

Filmnorth inspires and provides opportunities for all filmmakers and media artists in the north to thrive, with a commitment to eliminate disparities for those from communities that have been historically underrepresented in the film industry.

IFP Minnesota's mission is to advance a vibrant and diverse community of independent film and media artists through networking, education, funding, and opportunities for showcasing their work.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$247,459$218,718▼ $28,741
Pledges and Grants Receivable$400,556$208,842▼ $191,714
Cash and Non-Interest-Bearing Accounts$45,648$117,734▲ $72,086
Accounts Receivable$15,419$7,804▼ $7,615
Prepaid Expenses and Deferred Charges-$2,500-
Savings and Temporary Cash Investments-$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$716,437$562,953▼ $153,484
Other Assets Total$7,355$7,355→ $0
Liabilities
Accounts Payable and Accrued Expenses$37,640$132,564▲ $94,924
Mortgage Notes Payable Secured by Investment Property$31,158--
Total Liabilities$68,798$132,564▲ $63,766
Net Assets / Fund Balance
Temporarily Rstr Net Assets$479,015$253,682▼ $225,333
Unrestricted Net Assets$168,624$176,707▲ $8,083
Total Net Assets Fund Balance$647,639$430,389▼ $217,250
Total Liabilities and Net Assets / Fund Balance$716,437$562,953▼ $153,484

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$218,718$292,863$511,581
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andrew PetersonExecutive DirectorFT$49,600$3,213$52,813

Board Members and Trustees

NameTitle
Chris BarryPresident
JoEllen Martinson DavisVice President
Aaron YoungDirector
Amy JohnsonDirector
Andrea SteinDirector
Beth BirdDirector
Elizabeth RedleafDirector
Kristin SchaackDirector
Mary AhmannDirector
Michael BonardchekDirector
Robin HickmanDirector
Tom LesserDirector
Heidi SchusterSecretary
Emily StevensTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$343,747
Program Service Revenue
$143,152
Investment Income
$0
Other Revenue
$19,280
All Other Contributions
$211,297
Change in Net Assets
$-218,961
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$511,306
Salaries, Compensation, and Employee Benefits$213,834
Total Fundraising Expense$9,402
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$116,683$20,591-$137,274
Other Salaries and Wages$96,359$32,120-$128,479
Current Officers, Directors, Trustees, and Key Employees$39,610$13,203-$52,813
Depreciation Depletion$31,855$3,540-$35,395
All Other Expenses$29,090$3,134$562$32,786
Advertising$30,498--$30,498
Other Employee Benefits$14,004$4,669-$18,673
Payroll Taxes$10,775$3,094-$13,869
Other Expenses$9,890$5,087$8,820$9,890
Travel$7,835--$7,835
Insurance$5,374$948-$6,322
Office Expenses$1,289$4,377$20$5,686
Fees for Services Accounting-$5,000-$5,000
Interest-$2,230-$2,230
Fees for Services Legal$1,000--$1,000
Total Functional Expenses$617,745$97,993$9,402$725,140
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$17,880
Fundraising Direct Expenses$1,425
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$8,984$8,984$1,425$7,559
Event 2$8,896$8,896-$8,896
Total Events$17,880$17,880$1,425$16,455
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-
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 11B: Form 990 Review Process

Form 990 is reviewed and approved by Board of Directors before being filed with the IRS.

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

Upon request.

Filing and Contact Details

Filer

EIN
41-1594894
Phone
6516441912

Signing Officer

Name
Andrew Peterson
Title
Executive Director
Signed
2014-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
1987
Legal Domicile
Mn
Voting Board Members
15
Independent Board Members
14
Employees
6
Volunteers
40

Preparer

Preparer
John E Baxter CPA
Phone
7635590940
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Access and Facilities - offering low-cost access to quality filmmaking equipment, as well as darkrooms and edit rooms. The facilities and equipment are integral to the education program for student field work and practical experience. Approximately 1,000 served annually. OTHER PROGRAM SERVICES 5: Exhibitions - providing filmmakers and photographers opportunities to screen and display their work in varied venues. These include a monthly Cinema Lounge series at the Bryant-Lake Bowl, and various other screenings and events throughout the Twin Cities and at IFP. Over 1,600 served annually. OTHER PROGRAM SERVICES 6: Memberships - building community by giving individuals access to resources and referrals, discounts on classes and career development activities, consulting, and sector groups (documentary, shorts, narrative, etc.). IFP currently has over 400 active members. OTHER PROGRAM SERVICES 7: Consulting and Fiscal Sponsorship - IFP Minnesota staff consults with its members (and others) on all elements of film and media production, including projects, careers, distribution, funding, and production. Staff also sits on various panels and provides expertise as needed with partner events. The majority of our consulting work is done through our Fiscal Sponsorship program, working with 50+ film projects annually to help them produce their work and raise project funds.

Other Changes In Net Assets Or Fund Balances - Other Increases

Prior period adjustment = $1711

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IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Executive Dir.
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IRS990/InsuranceGrp/TotalAmt06322
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IRS990/InterestGrp/ManagementAndGeneralAmt02230
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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0IFP Minnesota's mission is to advance a vibrant and diverse community of independent film and media artists through networking, education, funding, and opportunities for showcasing their work.
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IRS990/OccupancyGrp/ProgramServicesAmt0116683
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04377
IRS990/OfficeExpensesGrp/ProgramServicesAmt01289
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IRS990/OtherChangesInNetAssetsAmt01711
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04669
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt014004
IRS990/OtherEmployeeBenefitsGrp/TotalAmt018673
IRS990/OtherExpensesGrp/Desc0Awards and fellowships
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IRS990/OtherExpensesGrp/Desc2Contract services
IRS990/OtherExpensesGrp/Desc3Other program costs
IRS990/OtherExpensesGrp/FundraisingAmt08820
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05087
IRS990/OtherExpensesGrp/ProgramServicesAmt0132500
IRS990/OtherExpensesGrp/ProgramServicesAmt163461
IRS990/OtherExpensesGrp/ProgramServicesAmt227522
IRS990/OtherExpensesGrp/ProgramServicesAmt39890
IRS990/OtherExpensesGrp/TotalAmt0132500
IRS990/OtherExpensesGrp/TotalAmt163461
IRS990/OtherExpensesGrp/TotalAmt241429
IRS990/OtherExpensesGrp/TotalAmt39890
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IRS990/OtherRevenueMiscGrp/Desc1Rebates
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt032120
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt096359
IRS990/OtherSalariesAndWagesGrp/TotalAmt0128479
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03094
IRS990/PayrollTaxesGrp/ProgramServicesAmt010775
IRS990/PayrollTaxesGrp/TotalAmt013869
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0400556
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IRS990/ProgramServiceRevenueGrp/Desc4Tuition
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011062
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt110582
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt243994
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt314371
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt463143
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110582
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt243994
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt314371
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt463143
IRS990/ProgSrvcAccomActy2Grp/Desc0Education - IFP Minnesota has a unique, primary focus on educational activity, providing independent media artists the training and professional development needed to thrive in the industry. The education program offers a quarterly schedule of 20 to 30 classes on various aspects of filmmaking and photography. In addition, the organization sponsors an annual Filmmakers Conference, hosts 6-8 IFP Pro events each year, and has other targeted workshops and events. Instructors are experts in their field, including screenwriting, editing, cinematography, producing, directing, photography, and new media. Students range from emerging artists to seasoned professionals. Many events are free and other costs are kept low; scholarships are available for all paid programs. Over 2,000 served annually.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0144871
IRS990/ProgSrvcAccomActy3Grp/Desc0Youth Media - a core program dedicated to educating and supporting the next generation of media artists, creating inroads into communities underrepresented in the media arts. The mission is to teach filmmaking as a means of engaging students in their education developing artistic, critical thinking, and career skills while examining issues in their own environments. This is achieved through a combination of programs including residencies (3-6 per year, primarily at inner-city schools), summer camps, workshops and special sessions (including Planet Homeschool, the Girl Scouts of America, and others), and JuiceMedia (a free, after-school program for youth held at IFP three days per week during the school year). Over 800 youth are served annually through these programs and their presentations.
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IRS990/PYOtherExpensesAmt0483208
IRS990/PYOtherRevenueAmt035619
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IRS990/PYRevenuesLessExpensesAmt046450
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IRS990/PYTotalExpensesAmt0732702
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0583232
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0471682
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0431065
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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.$6.12$3.32$2.80$1.96$2.42$0.46
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.85$1.62$3.23$3.88$1.59$2.29
2022Detailed filing. Detailed filing data is available for this year.$1.91$1.73$0.17$0.79$0.90$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.13$0.09$1.04$2.21$2.26$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.11$1.09$1.17$0.71$0.46
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$0.08$0.58$0.56$0.74$0.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.15$0.54$0.61$1.11$0.77$0.34
2017Summary only. Only limited summary data is available for this year.$0.52$0.25$0.27$0.62$0.73$0.11
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.42$0.38$0.68$0.68$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.71$0.33$0.38$0.59$0.68$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.75$0.28$0.47$0.74$0.70$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.56$0.13$0.43$0.51$0.73$0.22
2012Summary only. Only limited summary data is available for this year.$0.72$0.07$0.65$0.78$0.73$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.18$0.47$0.77
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.58$0.17$0.41$0.75