Magic Lantern Corporation
- Assets
- $15.0k
- Revenue
- $303.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Nevada City, CA
- Founding
- 03/2008
- Data as of
- 12/2022
- EIN
- 20-5266274
Organization Overview
Magic Lantern Corporation is located in Nevada City, CA. The organization was established in 2008. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magic Lantern Corporation 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, Magic Lantern Corporation generated $303.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $301.9k during the year ending 12/2022. While expenses have increased by 16.6% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES A FILM FESTIVAL FOR ONE WEEKEACH YEAR. BOTH LOCAL AND INTERNATIONAL FILM MAKERS AREFEATURED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey L Clark President | 2 | $0 | |
Jesse Locks Vice President | 2 | $57,884 | |
Ryan Cassano Director | 2 | $0 | |
Joseph Clark Director | 2 | $0 | |
Dan Elkan Director | 2 | $0 | |
Andrea Good Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $53,379 |
| Total Revenue | $303,379 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $57,884 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,977 |
| Depreciation | $288 |
| Occupancy | $46,006 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $176,102 |
| Total operating and administrative expenses | $296,377 |
| Contributions, gifts, grants paid | $5,500 |
| Total expenses and disbursements | $301,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,998 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,998 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Magic Lantern Corporation has awarded $5,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ANNA TAKAYAMMA PURPOSE: FESTIVAL AWARD | $1,000 |
DIGITAL CURANDERAS PRODUCTION LLC PURPOSE: FESTIVAL AWARD | $1,000 |
DAVID ZUCKER PURPOSE: FESTIVAL AWARD | $1,000 |
HANNAH SCHIERBECK PURPOSE: FESTIVAL AWARD | $1,500 |
MORRISSA MALTZ LLC PURPOSE: FESTIVAL AWARD | $1,000 |