Camera News Inc D B A Third World Newsreel
- Assets
- $1.7m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 3
- Location
- New York, NY
- Founding
- 11/1988
- Data as of
- 02/2023
- EIN
- 13-2624257
Organization Overview
Camera News Inc D B A Third World Newsreel, operating under the name Third World Newsreel, is located in New York, NY. The organization was established in 1988. According to its NTEE Classification (A31) the organization is classified as: Film & Video, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 02/2023, Third World Newsreel employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Third World Newsreel 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 02/2023, Third World Newsreel generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $1.2m during the year ending 02/2023. While expenses have increased by 13.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Third World Newsreel has awarded 36 individual grants totaling $1,776,780. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TRAINS ECONOMICALLY DISADVANTAGED ARTISTS, DISTRIBUTES PRESERVES FILMS VIDEOS, CURATES EXHIBITIONS, PRODUCES ITS OWN FILMS PROVIDES TECHNICAL ASSISTANCE FISCAL SPONSORSHIP TO INDEPENDENT MEDIA PRODUCERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION AND PRESERVATION OF EDUCATIONAL FILMS AND VIDEOS, PROVIDING WORKSHOPS AND TRAINING PROGRAMS FOR LOW INCOME AND MINORITY STUDENTS OF FILM AND VIDEO, AS WELL AS PRODUCING EDUCATIONAL FILMS WITH AN EMPHASIS ON MINORITY COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Orinne Jt Takagi Executive Director | Officer | 30 | $12,000 |
Seymour Burgess Co-Chair | OfficerTrustee | 1 | $0 |
Dorothy Thigpen Co-Chair | OfficerTrustee | 1 | $0 |
Afua Kafi Akua Board Member | Trustee | 1 | $0 |
Betty Yu Board Member | Trustee | 1 | $0 |
Joel Katz Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $233,660 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,306,985 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,540,645 |
| Total Program Service Revenue | $193,573 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,743,776 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $292,897 |
| Grants and other assistance to domestic individuals. | $45,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $12,000 |
| Compensation of current officers, directors, key employees. | $3,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,315 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,616 |
| Payroll taxes | $6,656 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $755 |
| Fees for services: Accounting | $15,613 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $357,441 |
| Advertising and promotion | $3,925 |
| Office expenses | $110,801 |
| Information technology | $0 |
| Royalties | $51,308 |
| Occupancy | $82,351 |
| Travel | $19,297 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,871 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,673 |
| All other expenses | $0 |
| Total functional expenses | $1,205,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,505,269 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $81,330 |
| Accounts receivable, net | $16,469 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $47,940 |
| Prepaid expenses and deferred charges | $7,199 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,423 |
| Total assets | $1,716,630 |
| Accounts payable and accrued expenses | $67,173 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $855,292 |
| Total liabilities | $922,465 |
| Net assets without donor restrictions | $540,497 |
| Net assets with donor restrictions | $253,668 |
| 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 | $1,716,630 |
Grants Awarded
Over the last fiscal year, Camera News Inc D B A Third World Newsreel has awarded $289,412 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BLIND FAITH FILMS LLC 307 PURPOSE: Film Production | $9,500 |
NO TAG LLC 220 WEST PURPOSE: Film Production | $32,600 |
CHILD WORKS INC 303 EAST PURPOSE: Film Production | $9,500 |
FAMILY PICTURES INSTITUTE FOR PURPOSE: Film Production | $189,000 |
MAMA BEARS DOCUMENTARY LLC PURPOSE: Film Production | $48,812 |