Traverse City Film Festival
- Assets
- $2.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 17
- Location
- Traverse City, MI
- Founding
- 02/2006
- Data as of
- 12/2022
- EIN
- 20-3100410
Organization Overview
Traverse City Film Festival, operating under the name State Theatre Of Traverse City, is located in Traverse City, MI. The organization was established in 2006. 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 12/2022, State Theatre Of Traverse City employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. State Theatre Of Traverse City 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 12/2022, State Theatre Of Traverse City generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.3%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOLD AN ANNUAL FILM FESTIVAL, AND RUN TWO MISSION DRIVEN, COMMUNITY BASED, YEAR ROUND ART HOUSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRAVERSE CITY FILM FESTIVAL PRESENTS CLASSIC MOVIES FREE OF CHARGE ON A GIANT, INFLATABLE OUTDOOR SCREEN IN NORTHERN MICHIGAN. THE FESTIVAL BRINGS FILMS AND FILMMAKERS FROM AROUND THE WORLD TO DISCUSS, EDUCATE, AND INSPIRE AUDIENCES ABOUT ONE OF AMERICA'S FEW INDIGENOUS ART FORMS - THE CINEMA.
TRAVERSE CITY'S STATE THEATRE COMBINES WORLD-CLASS, STATE-OF-THE-ART PRESENTATION, WITH THE CLASSIC HOMETOWN MOVIE PALACE EXPERIENCE. STATE THEATRE IS A YEAR-ROUND, COMMUNITY-BASED, ARTHOUSE THEATRE THAT FOSTERS A SENSE OF COMMUNITY AND PARTNERS WITH LOCAL SCHOOLS FOR SPECIAL EDUCATIONAL SCREENINGS RELEVANT TO STUDENT CURRICULUM.
THE BIJOU BY THE BAY IS A 150-SEAT THEATRE ON GRAND TRAVERSE BAY IN NORTHERN MICHIGAN. THE BIJOU OFFERS MOVIE GOERS AFFORDABLE PRICES, FRIENDLY SERVICE, AND IMPECCABLE PROJECTION AND SOUND. THE BIJOU IS TRAVERSE CITY FILM FESTIVAL'S SECOND SCREEN TO STATE THEATRE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rod Birleson Vice Preside | OfficerTrustee | 2.31 | $0 |
Anne Moore Board Member | Trustee | 11.54 | $0 |
Michael Moore President | OfficerTrustee | 23.08 | $0 |
David Poinsett Secretary | OfficerTrustee | 23.08 | $0 |
George Powell Treasurer | OfficerTrustee | 2.31 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bluewater Technologies Festival Production And Equipment Rental | 12/30/17 | $393,861 |
Boston Light And Sound Festival Production And Equipment Rental | 12/30/17 | $102,192 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $681,439 |
| All other contributions, gifts, grants, and similar amounts not included above | $455,743 |
| Noncash contributions included in lines 1a–1f | $21,143 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,137,182 |
| Total Program Service Revenue | $583,355 |
| 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 | $1,720,537 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $275,613 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,432 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $242,674 |
| Advertising and promotion | $26,159 |
| Office expenses | $1,697 |
| Information technology | $10,604 |
| Royalties | $0 |
| Occupancy | $80,830 |
| Travel | $151,738 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,749 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $230,422 |
| Insurance | $33,386 |
| All other expenses | $15,690 |
| Total functional expenses | $1,429,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,075,434 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $36,384 |
| Prepaid expenses and deferred charges | $23,878 |
| Net Land, buildings, and equipment | $1,700,396 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,836,092 |
| Accounts payable and accrued expenses | $95,659 |
| Grants payable | $0 |
| Deferred revenue | $98,414 |
| 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 | $0 |
| Total liabilities | $194,073 |
| Net assets without donor restrictions | $2,442,019 |
| Net assets with donor restrictions | $200,000 |
| 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 | $2,836,092 |