Camera News Inc D B A Third World Newsreel
- Assets
- $1.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 11/1988
- Data as of
- 02/2022
- 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 02/2022, Third World Newsreel employed 2 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 02/2022, Third World Newsreel generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $1.5m during the year ending 02/2022. While expenses have increased by 14.3% per year over the past 7 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 26 individual grants totaling $1,221,079. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRAINS ECONOMICALLY DISADVANTAGED ARTISTS, DISTRIBUTES THEIR FILMS AND VIDEOS, CURATES EXHIBITIONS, PRODUCES ITS OWN FILMS AND PROVIDES TECHNICAL ASSISTANCE AND FISCAL SPONSORSHIP TO INDEPENDENT MEDIA PRODUCERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION 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 |
Joel Katz Board Member | Trustee | 1 | $0 |
Betty Yu Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $343,232 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,095,938 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,439,170 |
| Total Program Service Revenue | $195,949 |
| 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 | $1,636,947 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $361,866 |
| Grants and other assistance to domestic individuals. | $59,138 |
| 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. | $1,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,854 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,181 |
| Payroll taxes | $4,714 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,700 |
| Fees for services: Accounting | $11,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $476,529 |
| Advertising and promotion | $880 |
| Office expenses | $208,758 |
| Information technology | $0 |
| Royalties | $42,783 |
| Occupancy | $71,791 |
| Travel | $84,128 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $130 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,364 |
| All other expenses | $0 |
| Total functional expenses | $1,484,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $940,100 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $67,595 |
| Accounts receivable, net | $7,250 |
| 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 | $7,876 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,269 |
| Total assets | $1,079,030 |
| Accounts payable and accrued expenses | $15,493 |
| 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 | $599,723 |
| Total liabilities | $615,216 |
| Net assets without donor restrictions | $385,287 |
| Net assets with donor restrictions | $78,527 |
| 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 | $1,079,030 |
Grants Awarded
Over the last fiscal year, Camera News Inc D B A Third World Newsreel has awarded $361,867 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
MAMA BEARS DOCUMENTARY LLC PURPOSE: FILM PRODUCTION | $121,425 |
DIGITAL DIASPORA FAM REUNION LLC PURPOSE: FILM PRODUCTION | $63,060 |
GOD BLESS THE CHILD PRODUCTIONS PURPOSE: FILM PRODUCTION | $58,200 |
NO TAG LLC PURPOSE: FILM PRODUCTION | $35,000 |
BIRCH FIRMS LLC PURPOSE: FILM PRODUCTION | $28,500 |
AFTER SPRING LLC PURPOSE: FILM PRODUCTION | $16,080 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Camera News Inc D B A Third World Newsreel has recieved totaling $103.
| Awarding Organization | Amount |
|---|---|
Independence Public Media Of Philadelphia Inc Philadelphia, PA PURPOSE: BOARD OR STAFF DONATION | $103 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Film At Lincoln Center Inc New York, NY | $47,336,422 | $12,793,835 |
Women Make Movies Inc New York, NY | $4,051,785 | $9,688,918 |
The Independent Feature Project Inc Brooklyn, NY | $3,453,615 | $7,239,136 |
Jacob Burns Film Center Inc Pleasantville, NY | $56,622,968 | $8,221,632 |
Ghetto Film School Inc Bronx, NY | $4,789,477 | $7,574,668 |
Cinereach Ltd New York, NY | $8,475,346 | -$20,278 |
American Documentary Inc Brooklyn, NY | $4,468,317 | $5,634,331 |
Center For Independent Documentary Inc Newton, MA | $4,612,024 | $5,515,136 |
Film Forum Inc New York, NY | $19,050,321 | $4,468,920 |
Harmony Labs Inc New York, NY | $1,442,508 | $4,578,656 |
Alcohol And Drug Abuse Services Inc Port Allegany, PA | $3,920,999 | $4,354,797 |
Tribeca Film Institute Inc New York, NY | $183,631 | $2,652,875 |