Civic Intelligence

Downtown Winston-Salem Community Cinema

EIN 81-3111992 • 501(c)3 • Winston Salem, NC

Profile

The mission of the Downtown Winston-Salem Community Cinema known to the community as a/perture Cinema is to engage and entertain the community through the art of film through daily film programming in the Piedmont Triad.

311 West Fourth StreetWinston Salem, NC 27101

aperturecinema.com

Siviq Scores

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

Liabilities / Assets

75th percentile

0.21x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.09x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

60th percentile

9.6%

Higher net margin than 60% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

57th percentile

6.2%

Faster asset growth than 57% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Revenue Growth

79th percentile

36%

Faster revenue growth than 79% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Assets

Up

$378,160

Up $136,589 (+57%) from 2023

Liabilities

Up

$78,445

Up $48,407 (+161%) from 2023

Net Assets

Up

$299,715

Up $88,182 (+42%) from 2023

Revenue

Up

$919,467

Up $234,323 (+34%) from 2023

Expenses

Up

$831,285

Up $49,335 (+6.3%) from 2023

Net Income

Up

$88,182

Up $184,988 (+191%) from 2023

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2016: $312,807Liabilities 2016: $206,492Net Assets 2016: $106,3152016Assets 2017: $422,142Liabilities 2017: $174,973Net Assets 2017: $247,1692017Assets 2018: $298,330Liabilities 2018: $152,858Net Assets 2018: $145,4722018Assets 2019: $199,449Liabilities 2019: $120,326Net Assets 2019: $79,1232019Assets 2020: $223,136Liabilities 2020: $83,221Net Assets 2020: $139,9152020Assets 2021: $594,134Liabilities 2021: $65,147Net Assets 2021: $528,9872021Assets 2022: $335,426Liabilities 2022: $27,087Net Assets 2022: $308,3392022Assets 2023: $241,571Liabilities 2023: $30,038Net Assets 2023: $211,5332023Assets 2024: $378,160Liabilities 2024: $78,445Net Assets 2024: $299,7152024

Highlighted filing

2024

Assets$378,160
Liabilities$78,445
Net Assets$299,715

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $107,250Expenses 2016: $935Net Income 2016: $106,3152016Revenue 2017: $675,346Expenses 2017: $534,492Net Income 2017: $140,8542017Revenue 2018: $741,783Expenses 2018: $730,587Net Income 2018: $11,1962018Revenue 2019: $680,898Expenses 2019: $747,247Net Income 2019: -$66,3492019Revenue 2020: $463,365Expenses 2020: $402,573Net Income 2020: $60,7922020Revenue 2021: $925,124Expenses 2021: $536,052Net Income 2021: $389,0722021Revenue 2022: $494,005Expenses 2022: $714,653Net Income 2022: -$220,6482022Revenue 2023: $685,144Expenses 2023: $781,950Net Income 2023: -$96,8062023Revenue 2024: $919,467Expenses 2024: $831,285Net Income 2024: $88,1822024

Highlighted filing

2024

Revenue$919,467
Expenses$831,285
Net Income$88,182

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$975,369
Mission and Program Overview

Mission

The mission of the downtown winston-salem community cinema known to the community as a/perture cinema is to engage and entertain the community through the art of film through daily film programming as the piedmont triad's only non-profit art house cinema. A/perture cinema is to engage and entertain the community through the art of film through daily film programming as the piedmont triad's only non-profit art house cinema. A/perture cinema presents acclaimed independent, documentary, foreign language, local, art, and repertory films, 365 days of the year. A/perture also promotes film education through community partnerships, special panel discussions as well as a regular educational film programs presented by local faculty and film experts.

The mission of the Downtown Winston-Salem Community Cinema known to the community as a/perture Cinema is to engage and entertain the community through the art of film through daily film programming in the Piedmont Triad.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$152,167$286,465▲ $134,298
Land, Buildings, and Equipment, Net$56,710$54,152▼ $2,558
Accounts Receivable$6,120$31,286▲ $25,166
Savings and Temporary Cash Investments$16,108--
Intangible Assets$1,416$1,257▼ $159
Prepaid Expenses and Deferred Charges$5,050$1,000▼ $4,050
Total Assets$241,571$378,160▲ $136,589
Other Assets Total$4,000$4,000→ $0
Liabilities
Deferred Revenue$10,208$46,808▲ $36,600
Accounts Payable and Accrued Expenses$14,337$26,713▲ $12,376
Other Liabilities$5,493$4,924▼ $569
Total Liabilities$30,038$78,445▲ $48,407
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$162,810$280,992▲ $118,182
Net Assets With Donor Restrictions$48,723$18,723▼ $30,000
Total Net Assets Fund Balance$211,533$299,715▲ $88,182
Total Liabilities and Net Assets / Fund Balance$241,571$378,160▲ $136,589

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$32,094$377,944$410,038
Leasehold Improvements$22,058$275,180$297,238
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lawren DesaiExecutive Director Through Sept 2024FT$84,033$2,490$86,523
Leigh DyerExecutive Director Effective Dec 2024FT$3,577-$3,577

Board Members and Trustees

NameTitle
Jeanne SayersChair Thru Sept 24 Director Eff Oct 24
Janice TsoulesExec. At-Large Thru Sept 24 Chair Eff Oct 24
Jessica JohanssonDirector Thru Sept 24 Vice Chair Eff Oct 24
Alexandra SalasVice-Chair Thru Sept 24 Director Eff Oct 24
Caroline MunroeDirector
Clay JohnsonDirector
Dr Alexa EdwardsDirector
Emily McCordDirector
Grace PatioDirector
Heather Barto-WileyDirector
LaShonda HairstonDirector
Marina DavisDirector
Ted TsengDirector
Alyson BakerDirector Sept 2024 - Oct 2024
Deb MarkeDirector through Aug 2024
Cristina RocheDirector through Jan 2024
Paul RazzaDirector through Jan 2024
Chad HarrisDirector Thru Sept 24 Exec At-Large Eff Oct 24
Carol EmmetSecretary
Fayaz QureshiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$457,155
Program Service Revenue
$354,430
Investment Income
$711
Other Revenue
$107,171
All Other Contributions
$422,155
Change in Net Assets
$88,182
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$418,020
Salaries, Compensation, and Employee Benefits$413,265
Total Fundraising Expense$24,052
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$281,340$5,566-$286,906
Current Officers, Directors, Trustees, and Key Employees$58,565$27,030$4,505$90,100
Office Expenses$54,820$9,189$1,820$65,829
Occupancy$34,445$3,636$3,273$41,354
Fees for Services Accounting$26,654$6,502$2,860$36,016
Depreciation Depletion-$31,518-$31,518
Payroll Taxes$26,675$2,502$323$29,500
Advertising$24,624--$24,624
All Other Expenses$7,525$1,274$4,877$13,676
Insurance$10,940$1,351$1,216$13,507
Travel$7,885--$7,885
Other Employee Benefits$6,759--$6,759
Conferences and Meetings$4,409$377$339$5,125
Other Expenses$10,429-$4,839$4,839
Fees for Services Other$2,100$100-$2,200
Total Functional Expenses$718,188$89,045$24,052$831,285
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$31,985
Fundraising Direct Expenses$20,257
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
a/ movie prom$31,985$31,985$4,518$27,467
Total Events$31,985$31,985$20,257$11,728
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$2,987
Sales Tax Payable$1,937
Security Deposit Held-
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
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, Section B, Line 11B

The return is reviewed by the Executive Director and Treasurer of Downtown Winston-Salem Community Cinema prior to filing.

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

Each director, principal officer, and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person A. Has received a copy of the conflict of interest policy, B. Has read and understands the policy, C. Has agreed to comply with the policy, and D. Understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. In connection with the execution of the annual disclosure statement, each director, principal officer, and member of a committee with governing board delegated power also shall submit a complete and accurate list of persons or entities from which such person receives compensation as defined in article ii and/or in which such person holds a material ownership or investment interest other than the beneficial ownership of less than 5 of the outstanding capital stock of any publicly traded entity.

Form 990, Part VI, Section B, Line 15A

As set forth in the organizational by-laws Article VII, section 1, when setting compensation and benefits for the Executive Director and staff, the Board shall, when necessary and appropriate, conduct a review of similarly sized organizations in the region. The executive committee reviews comparable pay rates from across the United States for Executive Directors in non-profit art house cinemas and meets to discuss annually. Compensation and benefits shall be set by the board following this review and the process documented in the relevant board minutes. The boards conflict of interest policy shall apply to any action regarding hiring or setting of compensation for the Executive Director and staff.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Downtown Winston-Salem Community Cinema
EIN
81-3111992
Phone
3367228148
Address
311 West Fourth Street, Winston Salem, NC 27101
Doing Business As
Aperture Cinema

Signing Officer

Name
Marion Killoran
Title
Treasurer
Phone
3367228148
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marion Killoran
Formed
2016
Legal Domicile
Nc
Voting Board Members
16
Independent Board Members
16
Employees
27
Volunteers
20

Preparer

Firm
Outfitters4 Inc
Address
717 Coliseum Dr NW, Winston Salem, NC 27106
Preparer
Brittany Emery
Phone
3369300140
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

The mission of the Downtown Winston-Salem Community Cinema known to the community as A/perture Cinema is to engage and entertain the community through the art of film through daily film programming as the Piedmont Triads only non-profit art house cinema. A/perture cinema presents acclaimed independent, documentary, foreign language, local, art, and repertory films, 365 days of the year. A/perture also promotes film education through community partnerships, special panel discussions as well as a regular educational film programs presented by local faculty and film experts.

Form 990, Part III, Line 1

The mission of the Downtown Winston-Salem Community Cinema known to the community as A/perture Cinema is to engage and entertain the community through the art of film through daily film programming as the Piedmont Triads only non-profit art house cinema. A/perture cinema presents acclaimed independent, documentary, foreign language, local, art, and repertory films, 365 days of the year. A/perture also promotes film education through community partnerships, special panel discussions as well as a regular educational film programs presented by local faculty and film experts.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Director Through Sept 2024
IRS990/Form990PartVIISectionAGrp/TitleTxt1Executive Director Effective Dec 2024
IRS990/Form990PartVIISectionAGrp/TitleTxt2Chair Thru Sept 24 Director Eff Oct 24
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director Thru Sept 24 Vice Chair Eff Oct 24
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director Thru Sept 24 Exec At-Large Eff Oct 24
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice-Chair Thru Sept 24 Director Eff Oct 24
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8Exec. At-Large Thru Sept 24 Chair Eff Oct 24
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director Sept 2024 - Oct 2024
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director through Aug 2024
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director through Jan 2024
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director through Jan 2024
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
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IRS990/InsuranceGrp/TotalAmt013507
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt122137
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt251653
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