Reel Stories Teen Filmmaking Inc
- Assets
- $1.8m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 214
- Location
- Brooklyn, NY
- Founding
- 01/2005
- Data as of
- 08/2023
- EIN
- 20-0936377
Organization Overview
Reel Stories Teen Filmmaking Inc is located in Brooklyn, NY. The organization was established in 2005. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. As of 08/2023, Reel Stories Teen Filmmaking Inc employed 214 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reel Stories Teen Filmmaking 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 08/2023, Reel Stories Teen Filmmaking Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $4.3m during the year ending 08/2023. While expenses have increased by 14.8% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
REEL WORKS MENTORS, INSPIRES AND EMPOWERS UNDERSERVED NYC YOUTH TO SHARE THEIR STORIES THROUGH FILMMAKING, CREATING A SPRINGBOARD TO SUCCESSFUL CAREERS IN MEDIA AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REEL WORKS' AFTER SCHOOL PROGRAMS PROVIDE INTENSIVE, YEAR-ROUND WORKSHOPS FOR HIGH SCHOOL AND YOUNG ADULT FILMMAKERS WHO ARE PAIRED 1:1 WITH PROFESSIONAL FILMMAKER-MENTORS TO TELL THEIR STORIES AND HAVE THEIR VOICES HEARD THROUGH POWERFUL, ORIGINAL SHORT DOCUMENTARIES AND NARRATIVE FILMS. OVER 300 YOUTH TRAVEL FROM PARTNER SCHOOLS ACROSS BROOKLYN TO REEL WORKS' FILMMAKING LAB NEAR DOWNTOWN BROOKLYN TO BUILD A COMMUNITY OF ACTIVE LEARNERS AND MEDIA MAKERS WHOSE WORK HAS BEEN SEEN BY TENS OF MILLIONS OF VIEWERS WORLDWIDE SINCE REEL WORKS' FOUNDING IN 2001.
THE STUDIO AT REEL WORKS IS A YOUTH-LED PRODUCTION COMPANY THAT TEACHES PROFESSIONAL AND ENTREPENEURIAL SKILLS TO YOUTH PRODUCERS AS THEY CREATE ORIGINAL VIDEOS FOR CLIENTS. TWENTY YOUTHS PARTICIPATE ANNUALLY AND ARE PAID MINIMUM WAGE FOR 10-15 HOURS PER WEEK AND RECEIVE ONGOING TRAINING AND BUILD PROFESSIONAL RESUMES.
REEL WORKS IN SCHOOLS BRINGS REEL WORKS' AWARD-WINNING WORKSHOPS INTO MIDDLE AND HIGH SCHOOLS ACROSS UNDERSERVED NEIGHBORHOODS IN BROOKLYN, QUEENS AND THE BRONX. REEL WORKS PARTNERS WITH EDUCATORS TO PROVIDE FREE AFTER SCHOOL FILMMAKING PROGRAMS THAT CELEBRATE AND ELEVATE STUDENT VOICES IN THEIR COMMUNITIES.
MEDIAMKRS IS A WORKFORCE DEVELOPMENT PROGRAM THAT PARTNERS WITH MEDIA COMPANIES, EDUCATIONAL INSTITUTIONS, GOVERNMENT AGENCIES AND LABOR UNIONS TO TRAIN, CREDENTIAL AND PREPARE YOUNG NEW YORKERS FOR CAREERS IN MEDIA AND ENTERTAINMENT. OUR CAREER EXPLORATION PROGRAM PLACES HIGH SCHOOL AND COLLEGE STUDENTS INTO PAID INTERNSHIPS AT MEDIA COMPANIES ACROSS NYC. OUR CAREER DEVELOPMENT PROGRAM TRAINS RISING YOUNG PROFESSIONALS FOR CAREERS IN PRODUCTION AND POST PRODUCTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Williams Chief Exec. | Officer | 40 | $178,715 |
Alexis Tucker Chair | OfficerTrustee | 2 | $0 |
Dayo Harewood Vice Chair | Trustee | 2 | $0 |
Ian Nuzie Treasurer | OfficerTrustee | 2 | $0 |
Jessica Harrop Secretary | OfficerTrustee | 2 | $0 |
Matt Cynamon Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $334,212 |
| Related organizations | $0 |
| Government grants | $1,193,074 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,631,783 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,159,069 |
| Total Program Service Revenue | $1,061,452 |
| 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 | $4,220,521 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $371,680 |
| Compensation of current officers, directors, key employees. | $37,168 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,137,302 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $158,070 |
| Payroll taxes | $163,033 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $86,743 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $229,563 |
| Advertising and promotion | $0 |
| Office expenses | $50,085 |
| Information technology | $9,066 |
| Royalties | $0 |
| Occupancy | $153,073 |
| Travel | $162,643 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,258 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,530 |
| Insurance | $20,418 |
| All other expenses | $235,162 |
| Total functional expenses | $4,310,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,454 |
| Savings and temporary cash investments | $26,712 |
| Pledges and grants receivable | $941,609 |
| Accounts receivable, net | $175,780 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $47,136 |
| Net Land, buildings, and equipment | $60,844 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $486,859 |
| Total assets | $1,841,394 |
| Accounts payable and accrued expenses | $129,514 |
| Grants payable | $0 |
| Deferred revenue | $46,700 |
| 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 | $200,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $489,659 |
| Total liabilities | $865,873 |
| Net assets without donor restrictions | $153,271 |
| Net assets with donor restrictions | $822,250 |
| 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 | $1,841,394 |