Philadelphia Film Society
- Assets
- $6.9m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 79
- Location
- Philadelphia, PA
- Founding
- 11/2001
- Data as of
- 06/2022
- EIN
- 23-3077468
Organization Overview
Philadelphia Film Society is located in Philadelphia, PA. The organization was established in 2001. 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 06/2022, Philadelphia Film Society employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia Film Society 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, Philadelphia Film Society generated $4.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $3.9m during the year ending 06/2022. 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
PHILADELPHIA FILM SOCIETY CREATES OPPORTUNITIES FOR DIVERSE COMMUNITIES TO EXPERIENCE FILM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PHILADELPHIA FILM CENTER IS AN EXCITING PERFORMANCE VENUE IN THE HEART OF DOWNTOWN PHILADELPHIA FEATURING THE LARGEST SCREEN IN THE CITY. THE PHILADELPHIA FILM CENTER IS LOCATED AT BROAD AND CHESTNUT STREETS ON THE AVENUE OF THE ARTS AND HOSTS FILM AND LIVE EVENTS IN TWO STATE-OF-THE-ART THEATERS.
EVERY OCTOBER, THE PHILADELPHIA FILM SOCIETY HOSTS THE PHILADELPHIA FILM FESTIVAL WHICH GATHERS MORE THAN 25,000 DEDICATED FILM LOVERS AND SCORES OF TALENTED FILMMAKERS FOR TEN EXCEPTIONAL DAYS OF CINEMATIC SPLENDOR. THROUGHOUT THE YEAR, PFS'S ARTISTIC TEAM SCOURS THE WORLD'S MOST PRESTIGIOUS FILM FESTIVALS - FROM SUNDANCE TO BERLIN, CANNES TO TORONTO - FOR THE YEAR'S MOST HIGHLY ANTICIPATED, CRITICALLY ACCLAIMED, AND THOUGHT PROVOKING FILMS. THE FESTIVAL PRESENTS THESE FILMS ALONGSIDE EXCLUSIVE EVENTS WITH ACTORS, DIRECTORS, AND INDUSTRY GUESTS; VIP RECEPTIONS; AND MUCH MORE THAT HIGHLIGHTS PHILADELPHIA AS A PLACE HERE FILM IS FLOURISHING. EXPENSES 130,933. INCLUDING GRANTS OF 0. REVENUE 0.
THE PHILADELPHIA FILM CENTER IS AN EXCITING PERFORMANCE VENUE IN THE HEART OF DOWNTOWN PHILADELPHIA FEATURING THE LARGEST SCREEN IN THE CITY. THE PHILADELPHIA FILM CENTER IS LOCATED AT BROAD AND CHESTNUT STREETS ON THE AVENUE OF THE ARTS AND HOSTS FILM AND LIVE EVENTS IN TWO STATE-OF-THE-ART THEATERS.
EVERY OCTOBER, THE PHILADELPHIA FILM SOCIETY HOSTS THE PHILADELPHIA FILM FESTIVAL WHICH GATHERS MORE THAN 25,000 DEDICATED FILM LOVERS AND SCORES OF TALENTED FILMMAKERS FOR TEN EXCEPTIONAL DAYS OF CINEMATIC SPLENDOR. THROUGHOUT THE YEAR, PFS'S ARTISTIC TEAM SCOURS THE WORLD'S MOST PRESTIGIOUS FILM FESTIVALS - FROM SUNDANCE TO BERLIN, CANNES TO TORONTO - FOR THE YEAR'S MOST HIGHLY ANTICIPATED, CRITICALLY ACCLAIMED, AND THOUGHT PROVOKING FILMS. THE FESTIVAL PRESENTS THESE FILMS ALONGSIDE EXCLUSIVE EVENTS WITH ACTORS, DIRECTORS, AND INDUSTRY GUESTS; VIP RECEPTIONS; AND MUCH MORE THAT HIGHLIGHTS PHILADELPHIA AS A PLACE HERE FILM IS FLOURISHING. EXPENSES 130,933. INCLUDING GRANTS OF 0. REVENUE 0.
IN 2021, THE PHILADELPHIA FILM SOCIETY TOOK OVER THE OPERATION OF THE FIVE SCREENS, 776 SEAT BOURSE THEATER LOCATED IN THE HEART OF OLD CITY PHILADELPHIA. THE THEATER WAS REOPENED UNDER THE NAME PFS BOURSE THEATER WITH PROGRAMMING FOCUSING ON CRITICALLY-ACCLAIMED FIRST RUN INDIE AND ART HOUSE FILMS, ALONG WITH CURATED CONTENT. PRIOR TO THE REOPENING, THE PFS BOURSE UNDERWENT A COMPLETE RENOVATION INCLUDING AN INTERIOR FACELIFT, INSTALLATION OF 4K AND 2K PROJECTORS, AND 7.1 DOLBY DIGITAL SURROUND SOUND IN ALL FIVE THEATERS, TRANSFORMING INTO A STATE-OF-THE-ART VENUE OPTIMAL FOR FILM PRESENTATION. WITH THE ADDITIONAL FIVE SCREENS, PFS WILL NOW BE PROGRAMMING FIRST-RUN FILMS AND CURATED SERIES ON A TOTAL OF NINE SCREENS, THE LARGEST NUMBER OF INDEPENDENTLY OWNED AND OPERATED SCREENS IN THE CITY.
IN 2021, THE PHILADELPHIA FILM SOCIETY TOOK OVER THE OPERATION OF THE FIVE SCREENS, 776 SEAT BOURSE THEATER LOCATED IN THE HEART OF OLD CITY PHILADELPHIA. THE THEATER WAS REOPENED UNDER THE NAME PFS BOURSE THEATER WITH PROGRAMMING FOCUSING ON CRITICALLY-ACCLAIMED FIRST RUN INDIE AND ART HOUSE FILMS, ALONG WITH CURATED CONTENT. PRIOR TO THE REOPENING, THE PFS BOURSE UNDERWENT A COMPLETE RENOVATION INCLUDING AN INTERIOR FACELIFT, INSTALLATION OF 4K AND 2K PROJECTORS, AND 7.1 DOLBY DIGITAL SURROUND SOUND IN ALL FIVE THEATERS, TRANSFORMING INTO A STATE-OF-THE-ART VENUE OPTIMAL FOR FILM PRESENTATION. WITH THE ADDITIONAL FIVE SCREENS, PFS WILL NOW BE PROGRAMMING FIRST-RUN FILMS AND CURATED SERIES ON A TOTAL OF NINE SCREENS, THE LARGEST NUMBER OF INDEPENDENTLY OWNED AND OPERATED SCREENS IN THE CITY.
WITH THE CREATION OF THE PFS DRIVE-IN AT THE NAVY YARD, THE PHILADELPHIA FILM SOCIETY CAN WELCOME BACK PHILADELPHIA'S EXTENSIVE COMMUNITY OF FILM LOVERS FOR A SOCIALLY DISTANCED VIEWING EXPERIENCE OF A DIVERSE AND EXCITING CURATED SLATE OF FILMS, ALL FROM THE SAFETY OF THEIR OWN CARS. PFS DRIVE-IN AT THE NAVY YARD IS ABLE TO ACCOMMODATE UP TO 180 CARS PER SCREENING ON THE VENUE'S 2-SCREENS, FILMS WILL BE SHOWN VIA TOP-OF-THE-LINE DIGITAL PROJECTION ON A LARGE SCREEN FASTENED TO STACKED SHIPPING CONTAINERS, CREATING OPTIMAL VANTAGE POINTS OR ATTENDEES.
WITH THE CREATION OF THE PFS DRIVE-IN AT THE NAVY YARD, THE PHILADELPHIA FILM SOCIETY CAN WELCOME BACK PHILADELPHIA'S EXTENSIVE COMMUNITY OF FILM LOVERS FOR A SOCIALLY DISTANCED VIEWING EXPERIENCE OF A DIVERSE AND EXCITING CURATED SLATE OF FILMS, ALL FROM THE SAFETY OF THEIR OWN CARS. PFS DRIVE-IN AT THE NAVY YARD IS ABLE TO ACCOMMODATE UP TO 180 CARS PER SCREENING ON THE VENUE'S 2-SCREENS, FILMS WILL BE SHOWN VIA TOP-OF-THE-LINE DIGITAL PROJECTION ON A LARGE SCREEN FASTENED TO STACKED SHIPPING CONTAINERS, CREATING OPTIMAL VANTAGE POINTS OR ATTENDEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Andrew Greenblatt Executive Di | OfficerTrustee | 40 | $181,923 |
Larry Korman Chairman | OfficerTrustee | 5 | $0 |
Betsy Filton Vice Chair | OfficerTrustee | 5 | $0 |
Joe Manko Jr Treasurer | OfficerTrustee | 3 | $0 |
Jack Adler Chair Emerit | OfficerTrustee | 3 | $0 |
Elton Brand Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $144,836 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $308,404 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,162,332 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,615,572 |
| Total Program Service Revenue | $1,406,103 |
| Investment income | $329 |
| 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 | $4,122,591 |
| 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. | $174,423 |
| Compensation of current officers, directors, key employees. | $86,611 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,260,796 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,373 |
| Payroll taxes | $125,382 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,627 |
| Advertising and promotion | $114,832 |
| Office expenses | $19,094 |
| Information technology | $95,614 |
| Royalties | $0 |
| Occupancy | $26,529 |
| Travel | $84,288 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $312,334 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $337,136 |
| Insurance | $85,532 |
| All other expenses | $348,194 |
| Total functional expenses | $3,940,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,165,715 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $162,916 |
| Accounts receivable, net | $125,460 |
| 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 | $9,320 |
| Net Land, buildings, and equipment | $5,458,546 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $750 |
| Total assets | $6,922,707 |
| Accounts payable and accrued expenses | $294,626 |
| Grants payable | $0 |
| Deferred revenue | $3,797 |
| 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 | $4,545,911 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,747 |
| Total liabilities | $4,844,334 |
| Net assets without donor restrictions | $1,863,703 |
| Net assets with donor restrictions | $214,670 |
| 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 | $6,922,707 |