Civic Intelligence

Stone Lantern Films Inc.

990 • Fiscal year 2015 • EIN 52-1486485

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 28, 2016

28 Hillside AvenueSuffern, NY 10901

(845) 368-8780

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

75th percentile

19%

Higher net margin than 75% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

96th percentile

$66,500

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 23.6% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

79th percentile

34%

Faster asset growth than 79% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

37th percentile

-7.3%

Faster revenue growth than 37% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$202,364

Up $51,808 (+34%) from 2014

Net Assets

Up

$202,364

Up $51,808 (+34%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Down

$281,814

Down $22,169 (-7.3%) from 2014

Expenses

Down

$229,614

Down $97,063 (-30%) from 2014

Net Income

Up

$52,200

Up $74,894 (+330%) from 2014

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2012: $111,375Net Assets 2012: $111,3752012Assets 2013: $171,695Liabilities 2013: $0Net Assets 2013: $171,6952013Assets 2014: $150,556Liabilities 2014: $0Net Assets 2014: $150,5562014Assets 2015: $202,364Liabilities 2015: $0Net Assets 2015: $202,3642015Assets 2016: $129,864Net Assets 2016: $129,8642016Assets 2017: $160,045Liabilities 2017: $17,586Net Assets 2017: $142,4592017Assets 2018: $183,075Liabilities 2018: $8,035Net Assets 2018: $175,0402018Assets 2019: $145,723Liabilities 2019: $154Net Assets 2019: $145,5692019Assets 2020: $179,463Liabilities 2020: $153Net Assets 2020: $179,3102020Assets 2021: $138,182Liabilities 2021: $153Net Assets 2021: $138,0292021Assets 2022: $93,957Liabilities 2022: $433Net Assets 2022: $93,5242022Assets 2023: $134,266Liabilities 2023: $433Net Assets 2023: $133,8332023Assets 2024: $89,929Liabilities 2024: $433Net Assets 2024: $89,4962024

Highlighted filing

2015

Assets$202,364
Liabilities$0
Net Assets$202,364

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2012: $113,797Expenses 2012: $56,357Net Income 2012: $57,4402012Revenue 2013: $243,633Expenses 2013: $180,744Net Income 2013: $62,8892013Revenue 2014: $303,983Expenses 2014: $326,677Net Income 2014: -$22,6942014Revenue 2015: $281,814Expenses 2015: $229,614Net Income 2015: $52,2002015Revenue 2016: $136,890Expenses 2016: $208,649Net Income 2016: -$71,7592016Revenue 2017: $238,119Expenses 2017: $226,482Net Income 2017: $11,6372017Revenue 2018: $271,359Expenses 2018: $234,627Net Income 2018: $36,7322018Revenue 2019: $100,483Expenses 2019: $141,618Net Income 2019: -$41,1352019Revenue 2020: $115,626Expenses 2020: $90,537Net Income 2020: $25,0892020Revenue 2021: $66,080Expenses 2021: $117,964Net Income 2021: -$51,8842021Revenue 2022: $34,533Expenses 2022: $79,038Net Income 2022: -$44,5052022Revenue 2023: $137,728Expenses 2023: $96,667Net Income 2023: $41,0612023Revenue 2024: $99,400Expenses 2024: $143,737Net Income 2024: -$44,3372024

Highlighted filing

2015

Revenue$281,814
Expenses$229,614
Net Income$52,200
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 28, 2016
Return Version
2015v2.0
Gross Receipts
$281,814
Mission and Program Overview

Mission

To film and produce thought provoking cultural documentaries for use by schools as well as the general public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$120,765$172,139▲ $51,374
Savings and Temporary Cash Investments$28,682$29,559▲ $877
Land, Buildings, and Equipment, Net$1,109$666▼ $443
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$150,556$202,364▲ $51,808
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$51,501$101,587▲ $50,086
Temporarily Rstr Net Assets$99,055$100,777▲ $1,722
Total Net Assets Fund Balance$150,556$202,364▲ $51,808
Total Liabilities and Net Assets / Fund Balance$150,556$202,364▲ $51,808

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$666$1,551$2,217
Compensation and Service Providers

Employees

NameTitleBaseTotal
Sarah MondalePresident$66,500$66,500

Board Members and Trustees

NameTitle
Sarah PattonVice President
Leo MondaleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$263,000
Program Service Revenue
$14,300
Investment Income
$1,284
Other Revenue
$3,230
All Other Contributions
$263,000
Change in Net Assets
$52,200
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$130,463
Other Expenses$99,151
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$64,505$1,995-$66,500
Other Salaries and Wages$55,548$1,718-$57,266
Payroll Taxes$6,496$201-$6,697
Fees for Services Accounting-$4,064-$4,064
Office Expenses$1,348$578-$1,926
Insurance$1,409--$1,409
Depreciation Depletion-$443-$443
Fees for Services Legal-$225-$225
Other Expenses$81$13-$94
All Other Expenses$14--$14
Total Functional Expenses$219,644$9,970$0$229,614
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
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

Leo mondale and sarah patton who are treasurer/secretary and vice-president, respectively are husband and wife. Leo mondale is sarah mondale's brother.

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

THE BOARD WILL RECEIVE A COPY OF THE RETURN FOR THEIR REVIEW AND APPROVAL. THIS REVIEW AND APPROVAL MAY BE MADE IN PERSON AT A STONE lANTERN FILMS, INC. BOARD MEETING OR BY EMAIL.

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

Immediately upon election or appointment to the Board, all Directors shall disclose any relevant interest which may pose conflict of interest questions. Disclosure shall include any interest, financial or otherwise, in any corporation, organization, or partnership which provides professional or other services to the Corporation. Disclosure statements shall be available to any Director of the Corporation on request.

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

The board reviews compensation on an annual basis at a board meeting and the approved salary is documented.

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

The organization's governing documents, conflict of interest and financial statements are available to the public upon written request to the organization's address.

Filing and Contact Details

Filer

Filer Name
Stone Lantern Films Inc
EIN
52-1486485
Phone
8453688780
Address
28 HILLSIDE AVENUE, SUFFERN, NY 10901

Signing Officer

Name
Sarah Mondale
Title
President
Signed
2016-07-28
Discuss with paid preparer
Yes

Organization Details

Formed
1986
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
2
Employees
1
Volunteers
3

Preparer

Firm
Berard & Associates CPAs PC
Address
44 Park Ave, Suffern, NY 10901
Preparer
Donalee R Berard
Phone
8453575668
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Stone Lantern Films, Inc. follows the provisions of FASB ASC Reference 740 Accounting for Uncertainty in Income Taxes-an interpretation of FASB Statement NO. 109 (FIN 48). Under FIN 48, an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not the position will be sustained upon examination by a taxing authority. Stone Lantern Films, Inc. does not believe they have taken any material uncertain tax positions and, accordingly they have not recorded any liability for unrecognized tax benefits. Stone Lantern Films, Inc. has filed for and received income tax exemptions in the jurisdictions where required to do so.

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Stone Lantern Films, Inc. follows the provisions of FASB ASC Reference 740 Accounting for Uncertainty in Income Taxes-an interpretation of FASB Statement NO. 109 (FIN 48). Under FIN 48, an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not the position will be sustained upon examination by a taxing authority. Stone Lantern Films, Inc. does not believe they have taken any material uncertain tax positions and, accordingly they have not recorded any liability for unrecognized tax benefits. Stone Lantern Films, Inc. has filed for and received income tax exemptions in the jurisdictions where required to do so.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LEO MONDALE AND SARAH PATTON WHO ARE TREASURER/SECRETARY AND VICE-PRESIDENT, RESPECTIVELY ARE HUSBAND AND WIFE. LEO MONDALE IS SARAH MONDALE'S BROTHER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD WILL RECEIVE A COPY OF THE RETURN FOR THEIR REVIEW AND APPROVAL. THIS REVIEW AND APPROVAL MAY BE MADE IN PERSON AT A STONE lANTERN FILMS, INC. BOARD MEETING OR BY EMAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Immediately upon election or appointment to the Board, all Directors shall disclose any relevant interest which may pose conflict of interest questions. Disclosure shall include any interest, financial or otherwise, in any corporation, organization, or partnership which provides professional or other services to the Corporation. Disclosure statements shall be available to any Director of the Corporation on request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD REVIEWS COMPENSATION ON AN ANNUAL BASIS AT A BOARD MEETING AND THE APPROVED SALARY IS DOCUMENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE ORGANIZATION'S ADDRESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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ReturnHeader/BuildTS02016-12-15 16:53:06Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0SARAH MONDALE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-07-28
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ReturnHeader/Filer/BusinessNameControlTxt0STON
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Berard & Associates CPAs PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt044 Park Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Suffern
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010901
ReturnHeader/PreparerPersonGrp/PhoneNum08453575668
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DONALEE R BERARD
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-07-28T06:20:17-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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