Cinereach Ltd
- Assets
- $14.6m
- Revenue
- $3.1m
- Investments
- $20.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 08/2015
- Data as of
- 06/2022
- EIN
- 20-2946241
Organization Overview
Cinereach Ltd is located in Brooklyn, NY. The organization was established in 2015. According to its NTEE Classification (A31) the organization is classified as: Film & Video, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cinereach Ltd 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 06/2022, Cinereach Ltd generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (18.1%) each year. All expenses for the organization totaled $2.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (13.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cinereach Ltd has awarded 195 individual grants totaling $8,468,157. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT AND PHILANTHROPY INCLUDES ALLIANCES + CULTURAL ENGAGEMENT, PROJECT + ARTIST EXPLORATION GRANTS AND ARTIST + CONTENT INITIATIVES, ALL OF WHICH ARE IN THE PROCESS OF WINDING DOWN, AS WELL AS THE ADDITION OF A NEW INITIATIVE, CREATIVE + CULTURAL STRATEGIES.
PRODUCTION CINEREACH PRODUCTION MANAGES THE PRODUCTION AND FINANCING OF INDEPENDENT FEATURE FILMS, LEVERAGING SIGNIFICANT SUPPORT TOWARDS PROJECTS WITH SMALL BUDGETS AND BOLD, IMPORTANT VOICES THAT MIGHT OTHERWISE BE COMPROMISED UNDER COMMERCIAL PRESSURES AND/OR REMAIN UNDER THE INDUSTRY'S RADAR. IN ADDITION, CINEREACH CONTINUES TO ACTIVELY DEVELOP FILMS THROUGH VARIOUS DEVELOPMENT MECHANISMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philipp Engelhorn Chair/executive Director | 40 | $58,671 | |
Bruce Rabb Secretary | 1 | $0 | |
Joachim Schuetz Treasurer | 1 | $0 | |
Erica Williamson Director | 1 | $0 | |
Candice Mcfarlane Director, C+c Strate | 40 | $230,255 | |
Syia Lewis-Doryumu Chief Of Staff | 40 | $210,171 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Guild Of Future Architects | 6/29/22 | $140,805 |
Andreas Esberg & Company Llp | 6/29/22 | $97,135 |
Koya Leadership Partners Llc | 6/29/22 | $95,487 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $563 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,209 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $97,177 |
| Total Revenue | $3,108,949 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $58,671 |
| Other employee salaries and wages | $1,086,437 |
| Pension plans, employee benefits | $263,036 |
| Interest | $0 |
| Taxes | $350 |
| Depreciation | $45,291 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $25,327 |
| Printing and publications | $0 |
| Other expenses | $286,055 |
| Total operating and administrative expenses | $2,135,337 |
| Contributions, gifts, grants paid | $727,153 |
| Total expenses and disbursements | $2,862,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,576,648 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $47,260 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $40,206 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $20 |
| Net Land, buildings, and equipment | $81,119 |
| Other assets | $8,811,591 |
| Total assets | $14,556,844 |
| Accounts payable and accrued expenses | $212,378 |
| Grants payable | $400,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $612,378 |
Grants Awarded
Over the last fiscal year, Cinereach Ltd has awarded $632,895 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
STRAND RELEASING LLC PURPOSE: AUDIENCE ENGAGEMENT GRANT FOR US DISTRIBUTION OF MOGUL MOWGLI | $10,000 |
COSIGN LLC PURPOSE: ORGANIZATIONAL LAUNCH EVENT SUPPORT | $50,000 |
ALLIED MEDIA PROJECTS INC PURPOSE: LOVE BUILDING CAPITAL CAMPAIGN - MATCHING FUNDS | $300,000 |
CINEREACH GRANT PROJECT LLC PURPOSE: FILM PRODUCTION SUPPORT - ZERO GRAVITY | $20,000 |
FILM INDEPENDENT INC PURPOSE: NATIVE MENTORSHIP PROGRAM FOR THE FILM FRYBREAD FACE & ME | $7,895 |
JA PRODUCTIONS PURPOSE: TRANS MENTORSHIP PROGRAM FOR THE FILM SOMETHING YOU SAID LAST NIGHT | $40,000 |