Coolidge Corner Theatre Foundation Inc
- Assets
- $14.0m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 56
- Location
- Brookline, MA
- Founding
- 07/1989
- Data as of
- 10/2021
- EIN
- 04-3039722
Organization Overview
Coolidge Corner Theatre Foundation Inc is located in Brookline, MA. The organization was established in 1989. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 10/2021, Coolidge Corner Theatre Foundation Inc employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coolidge Corner Theatre Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2021, Coolidge Corner Theatre Foundation Inc generated $5.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $3.1m during the year ending 10/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Coolidge Corner Theatre Foundation Inc has awarded 199 individual grants totaling $1,382,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENTERTAIN, INFORM, AND ENGAGE - BUILDING A VITAL COMMUNITY THROUGH FILM CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ADDITION TO SCREENING THE BEST OF FIRST RUN INDEPENDENT NARRATIVE AND DOCUMENTARY FEATURE FILMS, THE COOLIDGE OFFERS A WIDE RANGE OF SPECIAL PROGRAMMING, INCLUDING: SCIENCE ON SCREEN(R), THE SOUNDS OF SILENTS(R), BIG SCREEN CLASSICS, AFTER MIDNITE, PANORAMA, REWIND, CINEMA JUKEBOX(R), SHAKESPEARE REIMAGINED, KIDS' SHOWS, BOX OFFICE BABIES, SATELLITE BROADCASTS OF PRODUCTIONS FROM LONDON'S NATIONAL THEATRE, OPERAS AND DANCE PERFORMANCES FROM ACCLAIMED THEATRES THROUGHOUT THE WORLD, PREMIER SCREENINGS WITH DISCUSSIONS WITH FILMMAKERS, AND FILM EDUCATION COURSES.
SCIENCE ON SCREEN(R) PAIRS POPULAR FILMS WITH DISCUSSIONS BY NOTABLE FIGURES IN SCIENCE, TECHNOLOGY AND MEDICINE. SINCE 2011, THE COOLIDGE HAS RECEIVED OVER $4 MILLION IN FUNDING FROM THE ALFRED P. SLOAN FOUNDATION TO SUPPORT THE NATIONWIDE EXPANSION OF THIS PROGRAM. TO DATE, 101 INDEPENDENT CINEMAS, MUSEUMS AND COMMUNITY GROUPS IN 42 STATES HAVE RECEIVED A TOTAL OF 313 GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Tallman Executive Director | Officer | 40 | $168,077 |
J Michael Maynard Board Chair | OfficerTrustee | 4 | $0 |
David Rosenthal Vice Chair | OfficerTrustee | 4 | $0 |
Michael D'onofrio Treasurer | OfficerTrustee | 4 | $0 |
Meg Bergstrand Clerk | OfficerTrustee | 4 | $0 |
Kimberly Clouse Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Icon Architecure Inc Architectual Design | 10/30/21 | $183,004 |
Howeler & Yoon Architecture Architectual Design | 10/30/21 | $177,075 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $740,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,229,772 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,969,772 |
| Total Program Service Revenue | $1,286,842 |
| Investment income | $25,743 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $100,164 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $184,750 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,567,271 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $473,690 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $175,000 |
| Compensation of current officers, directors, key employees. | $35,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $948,241 |
| Pension plan accruals and contributions | $14,651 |
| Other employee benefits | $86,269 |
| Payroll taxes | $89,474 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $80,905 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $36,375 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,173 |
| Advertising and promotion | $60,823 |
| Office expenses | $154,140 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $172,359 |
| Travel | $1,832 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,592 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $201,821 |
| Insurance | $30,140 |
| All other expenses | $0 |
| Total functional expenses | $3,117,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,797 |
| Savings and temporary cash investments | $7,851,093 |
| Pledges and grants receivable | $1,019,300 |
| Accounts receivable, net | $1,077 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $44,337 |
| Prepaid expenses and deferred charges | $26,420 |
| Net Land, buildings, and equipment | $3,310,495 |
| Investments—publicly traded securities | $1,489,093 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $91,372 |
| Other assets | $0 |
| Total assets | $13,995,984 |
| Accounts payable and accrued expenses | $638,576 |
| Grants payable | $30,700 |
| Deferred revenue | $180,100 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,055,512 |
| Total liabilities | $1,904,888 |
| Net assets without donor restrictions | $4,744,721 |
| Net assets with donor restrictions | $7,346,375 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,995,984 |
Grants Awarded
Over the last fiscal year, Coolidge Corner Theatre Foundation Inc has awarded $251,000 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
Charlotte, NC PURPOSE: SCIENCE ON SCREEN PROGRAM SUBGRANT | $8,500 |
Santa Ana, CA PURPOSE: SCIENCE ON SCREEN PROGRAM SUBGRANT | $8,500 |
Moab, UT PURPOSE: SCIENCE ON SCREEN PROGRAM SUBGRANT | $8,500 |
Columbia, MO PURPOSE: SCIENCE ON SCREEN PROGRAM SUBGRANT | $8,500 |
ART HOUSE CINEMA (CINE BILLINGS) PURPOSE: SCIENCE ON SCREEN PROGRAM SUBGRANT | $8,000 |
Bethlehem, NH PURPOSE: SCIENCE ON SCREEN PROGRAM SUBGRANT | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Coolidge Corner Theatre Foundation Inc has recieved totaling $65,300.
| Awarding Organization | Amount |
|---|---|
George H Scanlon Foundation Okoboji, IA PURPOSE: GENERAL OPERATING BUDGET | $30,050 |
Tern Foundation Inc Eastham, MA PURPOSE: IN SUPPORT OF LED LIGHTING NEW BUILDING | $30,000 |
Tern Foundation Inc Eastham, MA PURPOSE: GENERAL SUPPORT | $2,500 |
Alvan G And Carol J Lampke Family Foundation Eastham, MA PURPOSE: GENERAL SUPPORT | $2,500 |
Alchemy Foundation Cambridge, MA PURPOSE: GENERAL SUPPORT | $250 |
Endowment Analysis
| Beg. Balance | $1,163,811 |
| Earnings | $325,282 |
| Ending Balance | $1,489,093 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Friends Of The Israel Antiquities Authority Inc New York, NY | $7,188,185 | $4,799,124 |
Tate Americas Foundation New York, NY | $101,513,410 | $8,735,378 |
Museo Reina Sofia Foundation Usa Inc New York, NY | $1,828,282 | $604,276 |
American Associates Of The National Theatre Inc New York, NY | $4,697,341 | $5,678,751 |
American Friends Of The Israel Philharmonic Orchestra Inc New York, NY | $30,416,918 | $8,529,001 |
American Friends Of The Louvre Inc New York, NY | $14,733,047 | $4,946,706 |
American Friends Of The National Portrait Gallery Foundation Inc New York, NY | $1,343,323 | $3,284,122 |
Coolidge Corner Theatre Foundation Inc Brookline, MA | $13,995,984 | $5,567,271 |
Boston Arts Academy Foundation Inc Boston, MA | $11,130,374 | $3,508,715 |
Friends Of The New York Transit Museum Brooklyn, NY | $12,792,750 | $2,066,293 |
Catskill Mountain Foundation Inc Hunter, NY | $10,564,799 | $2,283,674 |
Friends Of Emblaze Academy Charter School Inc Bronx, NY | $24,650,009 | $2,052,334 |