Civic Intelligence

Downtown Winston-Salem Community Cinema

990EZ • Fiscal year 2016 • EIN 81-3111992

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 24, 2017

311 West 4th StreetWinston Salem, NC 27101

(336) 251-5220

Siviq Scores

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

Liabilities / Assets

86th percentile

0.66x

Higher debt load relative to assets than 86% of similar nonprofits.

2016 filings • NTEE A20 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

99th percentile

1.93x

Higher debt load relative to revenue than 99% of similar nonprofits.

2016 filings • NTEE A20 • <$500k nonprofits • Source year 2016

Net Margin

98th percentile

99%

Higher net margin than 98% of similar nonprofits.

2016 filings • NTEE A20 • <$500k nonprofits • Source year 2016

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • NTEE A20 • <$500k nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Assets

$312,807

No earlier filing loaded for comparison.

Net Assets

$106,315

No earlier filing loaded for comparison.

Liabilities

$206,492

No earlier filing loaded for comparison.

Revenue

$107,250

No earlier filing loaded for comparison.

Expenses

$935

No earlier filing loaded for comparison.

Net Income

$106,315

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$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

2016

Assets$312,807
Liabilities$206,492
Net Assets$106,315

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$107,250
Expenses$935
Net Income$106,315
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 24, 2017
Return Version
2016v3.0
Gross Receipts
$107,250
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.

Our mission is to engage and entertain the community through the art of film by showcasing informative, educational, thought-provoking and inspiring films in order to enrich lives, engage minds, promote diversity and build community. As a non-profit cultural entity, DWSCC follows a new sustainable model advocated by a national group of Art House Theaters known as the Art House Convergence. In this way, DWSCC is better equipped to work for and respond to the community directly with programming and community initiatives that connect audiences to the world at large and fostering conversations with filmmakers and audience members.Unfortunately, the organization's activities did not begin until near year end. Therefore, the program services did not begin in earnest until 2017.

Program Services

DescriptionGrantsExpenses
First Run Film Programming--Annually DWSCC will screen over 100 first run films. First runs are films that are in their initial release window and are being screened for audiences theatrically for the first time. These first run films include award winners from all the major festivals including the Toronto International Film Festival, Sundance Film Festival, Cannes International Film Festival, etc., major foreign releases from around the world, significant documentary films and numerous other significant and critically acclaimed films that are released each year. The majority of these films are not screened anywhere else in the community and many would not be seen by local audiences if it not for our programming.$0$0
Repertory Film Screenings--DWSCC screens a number of repertory film programs each year. Repertory programming includes all works from the canon of filmmaking that are not a new release. Works include the full spectrum of classic, foreign language, cult and locally made films. Repertory screenings take place on location at our home cinema as well as at several outdoor venues in the community. Currently, there are three repertory film series with two more to be added in the near future.$0$0
Education--Film education programs provide patrons of all ages and levels of experience greater insight and knowledge into the diverse realm of the cinema and as a result the opportunity to take greater pleasure in the theatrical experience. Currently, there is one education program, Looking @ Art Cinema, which occurs twice a year with three films in each section.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lawren DesaiExecutive DirectorFT$0--
Sandlin DouglasDirector-$0--
James EggersTreasurer-$0--
Richard EmmettDirector-$0--
Harris HendersonDirector-$0--
Julie HuttonSecretary-$0--
Matt JamisonVice President-$0--
Seton McGowanDirector-$0--
Ken MillettDirector-$0--
Stuart ParksDirector-$0--
Stacy PetronzioDirector-$0--
Dale PollockDirector-$0--
Filing and Contact Details

Filer

Filer Name
Downtown Winston Salem Community Cinema
EIN
81-3111992
Phone
3362515220
Address
311 West 4th Street, Winston Salem, NC 27101

Signing Officer

Name
Lawren Desai
Title
President
Phone
3362515220
Signed
2017-04-24
Discuss with paid preparer
Yes

Preparer

Firm
Lindsay & Gardner CPAs PLLC
Address
104 Stadium Oaks Drive, Clemmons, NC 27012
Preparer
Amy S Gardner
Phone
3367121788
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16 - Other Expenses

Description: Bank Service Charges. Amount: 85. Description: Filing Fees. Amount: 850. Total to Form 990-EZ, line 16: 935.

Form 990-EZ, Part II, Line 24 - Other Assets

Description: Trademark (net of amortization). Beg. of Year Amount: 0. End of Year Amount: 871. Description: Goodwill. Beg. of Year Amount: 0. End of Year Amount: 206,492. Description: Inventory. Beg. of Year Amount: 0. End of Year Amount: 16,216. Description: Other Depreciable Assets. Beg. of Year Amount: 0. End of Year Amount: 87,017.

Form 990-EZ, Part II, Line 26 - Other Liabilities

Description: Loan from Officer. Beg. of Year Amount: 0. End of Year Amount: 181,492. Description: Loan from Millennium Fund. Beg. of Year Amount: 0. End of Year Amount: 25,000.

Raw XML Appendix209 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/PrimaryExemptPurposeTxt0Our mission is to engage and entertain the community through the art of film by showcasing informative, educational, thought-provoking and inspiring films in order to enrich lives, engage minds, promote diversity and build community. As a non-profit cultural entity, DWSCC follows a new sustainable model advocated by a national group of Art House Theaters known as the Art House Convergence. In this way, DWSCC is better equipped to work for and respond to the community directly with programming and community initiatives that connect audiences to the world at large and fostering conversations with filmmakers and audience members.Unfortunately, the organization's activities did not begin until near year end. Therefore, the program services did not begin in earnest until 2017.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0First Run Film Programming--Annually DWSCC will screen over 100 first run films. First runs are films that are in their initial release window and are being screened for audiences theatrically for the first time. These first run films include award winners from all the major festivals including the Toronto International Film Festival, Sundance Film Festival, Cannes International Film Festival, etc., major foreign releases from around the world, significant documentary films and numerous other significant and critically acclaimed films that are released each year. The majority of these films are not screened anywhere else in the community and many would not be seen by local audiences if it not for our programming.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Repertory Film Screenings--DWSCC screens a number of repertory film programs each year. Repertory programming includes all works from the canon of filmmaking that are not a new release. Works include the full spectrum of classic, foreign language, cult and locally made films. Repertory screenings take place on location at our home cinema as well as at several outdoor venues in the community. Currently, there are three repertory film series with two more to be added in the near future.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Education--Film education programs provide patrons of all ages and levels of experience greater insight and knowledge into the diverse realm of the cinema and as a result the opportunity to take greater pleasure in the theatrical experience. Currently, there is one education program, Looking @ Art Cinema, which occurs twice a year with three films in each section.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The organization was formed June 23, 2016. Therefore, the current calendar year is the first reporting year and is also a short year.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part VI
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: Trademark (net of amortization). Beg. of Year Amount: 0. End of Year Amount: 871. Description: Goodwill. Beg. of Year Amount: 0. End of Year Amount: 206,492. Description: Inventory. Beg. of Year Amount: 0. End of Year Amount: 16,216. Description: Other Depreciable Assets. Beg. of Year Amount: 0. End of Year Amount: 87,017.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description: Loan from Officer. Beg. of Year Amount: 0. End of Year Amount: 181,492. Description: Loan from Millennium Fund. Beg. of Year Amount: 0. End of Year Amount: 25,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16 - Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 24 - Other Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 26 - Other Liabilities
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Lawren Desai
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum03362515220
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Downtown Winston Salem Community Cinema
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ReturnHeader/Filer/EIN0813111992
ReturnHeader/Filer/PhoneNum03362515220
ReturnHeader/Filer/USAddress/AddressLine1Txt0311 West 4th Street
ReturnHeader/Filer/USAddress/CityNm0Winston Salem
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ReturnHeader/Filer/USAddress/ZIPCd027101
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ReturnHeader/FilingSecurityInformation/IPTm009:39:31
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261610763
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Lindsay & Gardner CPAs PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0104 Stadium Oaks Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Clemmons
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027012
ReturnHeader/PreparerPersonGrp/PhoneNum03367121788
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Amy S Gardner
ReturnHeader/ReturnTs02017-05-01T10:32:07-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-06-23
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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Filings